UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-05071

SATURNA INVESTMENT TRUST
(Exact Name of Registrant as Specified in Charter)

1300 N. State Street
Bellingham, Washington 98225-4730
(Address of Principal Executive Offices, including ZIP Code)

Nicholas F. Kaiser
1300 N. State Street
Bellingham, Washington 98225-4730
(Name and Address of Agent for Service)

Registrant’s Telephone Number- (360) 734-9900

Date of fiscal year end: November 30, 2010
Date of reporting period: June 30, 2010

Saturna Investment Trust, Sextant Growth Fund (SSGFX)
Proxy Voting Record relating to shareholder meetings held from July 1, 2009 through June 30, 2010
Proposal #	Issue / Proposals	Shares / Proposed by	Symbol / Directors Recommend	CUSIP / Vote	Meeting Date
	Banner Corporation	100,000	BANR	06652V109	08/26/09
1	To amend the articles of incorporation to increase the authorized number of shares of common stock from 25,000,000 to 75,000,000 shares.	Issuer	For	For
2	To amend the articles of incorporation to increase the authorized number of shares of preferred stock from 500,000 shares to 10,000,000 shares.	Issuer	For	For
3	To approve the adjournment of the special meeting, if necessary, to solicit additional proxies, in the event there are not sufficient votes at the time of the special meeting to approve either or both of the proposed amendments to the articles of incorporation.	Issuer	For	For
	John Wiley & Sons, Inc.	8,000	JW/A	968223206	09/17/09
1	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of the appointment of KPMG LLP as independent accountants.	Issuer	For	For
3	Approval of the 2009 key employee stock plan.	Issuer	For	For
4	Approval of the 2009 executive annual incentive plan.	Issuer	For	For
5	Approval of the 2009 director stock plan.	Issuer	For	For
	3COM Corporation.	60,000	COMS	885535104	09/23/09
1	Directors recommendation for election	Issuer	For	For all nominees
2	Amending and restating the certificate of incorporation.	Issuer	For	For
3	Ratifying the appointment of Deloitte &Touche LLP as the company's independent public accountants for the fiscal year ending May 2010.	Issuer	For	For
	Oracle Corporation	15,000	ORCL	68389x105	10/07/09
1	Directors recommendation for election	Issuer	For	For all nominees
2	Proposal for the approval of the adoption of the fiscal year 2010 executive bonus plan.	Issuer	For	For
3	Proposal to ratify the selection of Ernst & Young LLP as independent registered public accounting firm of the company for the fiscal year ending May 31, 2010.	Issuer	For	For
4	Stockholder proposal regarding special stockholder meetings.	Stockholder	Against	Against
5	Stockholder proposal regarding advisory vote on executive compensation.	Stockholder	Against	Against
6	Stockholder proposal regarding equity retention policy.	Stockholder	Against	Against
	Noble Corporation	8,000	NE	H5833N103	10/29/09
1	Directors recommendation for election	Issuer	For	For all nominees
2	Approval of the amendment and restatement of the Nobil Corporation 1991 stock option and restricted stock	Issuer	For	For
	Washington Banking Company	10,000	WBCO	937303105	11/12/09
1	Proposal to approve an amendment to article III of the amended and restated articles of incorporation of the company to authorize 35,000,000 shares of common stock.	Issuer	For	For
2	Proposal to approve the adjournment of the special meeting, if necessary, to solicit additional proxies in the event there are not sufficient votes at the time of the special meeting to approve the proposed amendment to articles III of the amended and restated articles of incorporation of the company.	Issuer	For	For
	Harman International Industries, Inc.	1,900	HAR	413086109	12/08/09
1	Directors recommendation for election	Issuer	For	For all nominees
	3COM Corporation	60,000	COMS	885535104	01/26/10
1	Adoption of merger agreement. To adopt the agreement and plan of merger, dated as of November 11, 2009, by and among Hewlett-Packard company, Colorado Acquisition Corporation, a wholly-owned subsidiary of Hewlettt-Packard Company, and 3COM Corporation.	Issuer	For	For
2	Adjournment of the special meeting. To approve the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the special meeting to adopt the merger agreement.	Issuer	For	For
	3COM Corporation	60,000	COMS	885535104	01/26/10
1	Adoption of merger agreement. To adopt the agreement and plan of merger, dated as of November 11, 2009, by and among Hewlett-Packard company, Colorado Acquisition Corporation, a wholly-owned subsidiary of Hewlettt-Packard Company, and 3COM Corporation.	Issuer	For	For
2	Adjournment of the special meeting. To approve the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the special meeting to adopt the merger agreement.	Issuer	For	For
	Apple Inc.	200,000	AAPL	037833100	02/25/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	To approve amendments to the Apple Inc. 2003 employee stock plan.	Issuer	For	For
3	To approve amendments to the Apple Inc. 1997 director stock option plan.	Issuer	For	For
4	To hold an advisory vote on executive compensation.	Issuer	For	For
5	To ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for fiscal year 2010.	Issuer	For	For
6	To consider a shareholder proposal entitled "Sustainability report," if properly presented at the meeting.	Shareholder	Against	Against
7	To consider a shareholder proposal entitled "Amend corporate bylaws establishing a board committee on sustainability," if properly presented at the meeting.	Shareholder	Against	Against
	Agilent Technologies, Inc.	13,000	A	00846U101	3/2/10
1A-K	Directors recommendation for election	Issuer	For	For all nominees
2	Proposal to ratify the appointment of the independent registered public accounting firm for fiscal year ending October 31, 2010.	Issuer	For	For
3	Proposal to approve the amended and restated Hewlett-Packard company 2004 stock incentive plan.	Issuer	For	For
4	Proposal to conduct an annual advisory vote on executive compensation.	Issuer	For	For
	KB Home	20,000	KBH	48666K109	4/1/10
1A-I	Directors recommendation for election	Issuer	For	For all nominees
2	Proposal to ratify the appointment of Ernst 7 Young as Kbhome 2010 equity incentive plan.	Issuer	For	For
3	Proposal to approve the KB Home 2010 equity incentive plan.	Issuer	For	For
4	Stockholder proposal relating to executive compensatio.	Stockholder	Against	Against
5	Stockholder proposal relating to advisory vote on compensation committee's report & executive compensation policies & practices.	Stockholder	Against	Against
6	Stockholder proposal relating to the engagement of stockholder proposal proponents.	Stockholder	Against	Against
	Weyerhaeuser Company	9,000	WY	962166104	4/15/10
1A-C	Directors recommendation for election	Issuer	For	For all nominees
2	Proposal to amend the articles of incorporation to declassify the board and remove the supermajority voting provisions.	Issuer	For	For
3	Proposal to approve the issuance of common shares.	Issuer	For	For
4	Proposal to amend the articles of incorporation to increase number of authorized shares.	Issuer	For	For
5	Proposal to amend the articles of incorporation to impose ownership and transfer restrictions.	Issuer	For	For
6	Shareholder proposal on the right to call special meetings.	Shareholder	Against	For
7	Shareholder proposal on an FSC certification report.	Shareholder	Against	For
8	Approval on an advisory basis, of the appointment of auditors.	Issuer	For	For
	Eli Lilly and Company	3,500	LLY	532457108	4/19/10
1A-E	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of the appointment by the audit committee of board of Earnst and Young LLP as principal independent auditors for 2010.	Issuer	For	For
3	Approve amendments to the articles of incorporation to provide for annual election of all directors.	Issuer	For	For
4	Approve amendments to the articles of incorporation to eliminate all supermajority voting provisions.	Issuer	For	For
5	Shareholder proposal on allowing shareholders to call special shareholders' meetings.	Shareholder	Against	Against
6	Shareholder proposal on prohibiting CEO'S from serving on the compensation committee.	Shareholder	Against	Against
7	Shareholder proposal on ratification of executive compensation.	Shareholder	Against	Against
8	Shareholder proposal requiring executives to hold equity awards into retirement.	Shareholder	Against	Against
	Johnson & Johnson	7,000	JNJ	478160104	4/22/10
1A-J	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of appointment of pricewatercoopers LLP as independent registered public accounting firm for 2010	Issuer	For	For
3	Advisory vote on executive compensation	Issuer	Against	Against
4	Special shareowner meetings	Issuer	Against	Against
	Abbott Labratories	7,000	ABT	002824100	2/24/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of Deloitte & Touche LLP as auditors.	Issuer	For	For
3	Shareholder proposal-advisory vote.	Shareholder	Against	Against
4	Shareholder proposal-special shairholder meetings.	Shareholder	Against	Against
	Regal Beloit Corporation.	5,500	RBC	758750103.00	4/26/10
1A-C	Directors recommendation for election	Issuer	For	For all nominees
2	To ratify the selection of Deloitte & Tiycge LLP as the company's independent auditors for 2010.	Issuer	For	For
	Banner Corporation.	100,000	BANR	06652V109	4/27/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Advisory approval of the compensation of Banner Corporation's named executive officers.	Issuer	For	For
3	The ratification of audit committee's selection of Moss aDAMS llp as the independent Auditor for the year ending December 31, 2010.	Issuer	For	For
4	The approval of the amendment of Banner's articles of incorporation to increase the authorized number of shares of common stock from 75,000,000 to 200,000,000.	Issuer	For	For
	The Chubb Corporation	4,000	CB	171232101	4/27/10
1A-K	Directors recommendation for election	Issuer	For	For all nominees
2	To ratify the appointment of Earnst & Young LLP as independent auditor.	Issuer	For	For
	Lincoln Electric Holdings, Inc.	4,000	LECO	533900106	4/29/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of independent auditors.	Issuer	For	For
	Advanced Micro Devices, Inc.	20,000		007903107	4/29/10
1A-I	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of appointment of Ernst & Young LLP as AMD's independent registered public accounting firm for the current fiscal year.	Issuer	For	For
3	Approval of the amendment of the 2004 Equity incentive plan.	Issuer	For	For
	AT&T	10,000	T	00206R102	4/30/10
1A-L	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of appointment of independent auditors.	Issuer	For	For
3	Cumulative voting.	Shareholder	Against	Against
4	Pension credit policy.	Shareholder	Against	Against
5	Advisory vote on compensation.	Shareholder	Against	Against
6	Special stockholder meetings.	Shareholder	Against	Against
	Duke Energy Corporation.	10,000	DUK	26441C105	5/6/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Approval of the Duke Energy Corporation 2010 long-term incentive plan.	Issuer	For	For
3	Ratification of Deloitte & Touche LLP as Duke Energy Corporation's independent public accountant for 2010.	Issuer	For	For
4	Shareholder proposal relating to preperation of a report on Duke Energy global warming-related lobbying activities.	Shareholder	Against	Against
5	Shareholder proposal relating to majority voting for election of directors.	Shareholder	Against	Against
6	Shareholder proposal regarding the rention of equity compensation by senior executives.	Shareholder	Against	Against
	United Parcel Service, Inc.	6,000	UPS	911312106	5/6/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of the appointment of Deloitte & Touche LLP as UPS's independent registered public accountants for the year ending December 31, 2010.	Issuer	For	For
3	Approval of a proposal removing the voting standard from the UPS certificate of incorporation so that the board may provide for majority voting in uncontested director elections.	Issuer	For	For
	Loopnet, Inc.	20,000	LOOP	543524300
1	Directors recommendation for election	Issuer	For	For all nominees
2	To ratify the appointment of Ernst & Young LLP as Loopnet, Inc.'s independent registered public accounting firm for 2010.	Issuer	For	For
	Sempra Energy	6,000	SER	816851109
1A-J	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of independent registered public accounting firm.	Issuer	For	For
3	Shareholder proposal for an advisory vote on executive compensation.	Issuer	For	For
	CVS Caremark Corporation	10,000	CVS	126650100	5/12/10
1A-L	Directors recommendation for election	Issuer	For	For all nominees
2	Proposal to ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the 2010 fiscal year.	Issuer	For	For
3	Proposal to adopt the company's 2010 incentive compensation plan.	Issuer	For	For
4	Proposal to adopt an amendment to the company's charter to allow stockholders to call special meetings.	Issuer	For	For
5	Stockholder proposal regarding a report on political contributions and expenditures.	Stockholder	Against	Against
6	Stockholder proposal regarding principles to stop global warming.	Stockholder	Against	Against
	Amgen Inc.	3,700	AMGN	031162100	5/12/10
1A-M	Directors recommendation for election	Issuer	For	For all nominees
2	To ratify the selection of Ernst & Young LLP as our independent registered public accountants for the year ending December 31, 2010.	Issuer	For	For
3A	Stockholder proposal #1 (shareholder action by written concent)	Stockholder	Against	Against
3B	Stockholder proposal: stockholder proposal #2 (equity retention policy)	Stockholder	Against	Against
	E*Trade Financial Corporation	150,000	ETFC	269246401	5/13/10
1A-E	Directors recommendation for election	Issuer	For	For all nominees
2	To authorize the board of directors to file an amended and restated certificate of incorporation to effect a reverse stock split of the outstanding shares of the common stock of the company, at a specified ration of 1-for-10.	Issuer	For	For
3	To approve changes to the company's 2005 equity incentive plan, including increasing share authorization by 125 million shares (subject to adjustment to 12.5 million shares if proposal 2 is adopted and implemented).	Issuer	For	For
4	To ratify the selection of Deloitte & Touche LLP as independent registered public accounting firm for the company for 2010.	Issuer	For	For
	Washington Banking Company	10,000	WBCO	937303105	5/13/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Non-binding advisory vote on executive compensation. A proposal to consider and approve the compensation of executive officers as described in the compensation discussion & analysis and tabular disclosure regarding named executive officer compensation in the proxy statement.	Issuer	For	For
3	Non-binding advisory vote of auditor appointment. A proposal to ratify the adult committee's appointment of Moss Adams LLP as the company's independent registered public accountant for the fiscal year ending December 31, 2010.	Issuer	For	For
4	Shareholder proposal. A proposal to reuest that the board of directors take the necessary steps to declassify the board of directors and require the annual election of directors.	Shareholder	Against	For
	Norfolk Southern Corporation	7,000	NSC	655844108	5/13/10
1A-D	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of the appointment of KPMG LLP, independent registered public accounting firm, as Norfolk Southern's independent auditors for the year ending December 31, 2010.	Issuer	For	For
3	Approval of amendment to articles of incorporation to declassify the board of directors.	Issuer	For	For
4	Approval of the Norfolk Southern Corporation long-term incentive plan, as amended.	Issuer	For	For
5	Approval of the Norfolk Southern Corporation executive management incentive plan, as amended.	Issuer	For	For
6	Stockholder proposal concerning corporate political contributions.	Stockholder	Against	Against
	Nucor Corporation	4,000	NUE	670346105	5/13/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Ratify the appoitment of pricewaterhousecoopers LLP as Nucor's independent registered public accounting firm for the year ending December 31, 2010.	Issuer	For	For
3	Approve amendments to Nucor's restated certificat of incorporation eliminating the classifed structure of the board of directors.	Issuer	For	For
4	Approve the 2010 stock option and award plan.	Issuer	For	For
5	Stockholder proposal regarding majority vote.	Issuer	For	For
6	Stockholder proposal regarding report on political spending.	Issuer	For	For
	The Charles Schwab Corporation	25,000	SCHW	808513105	5/13/10
1A-B	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of independent auditors.	Issuer	For	For
3	Approval of amended corporate executive bonus plan.	Issuer	For	For
4	Stockholder proposal regarding political contributions.	Stockholder	Against	Against
5	Stockholder proposal regarding death benefits.	Stockholder	Against	Against
	Red Lion Hotels Corporation	50,000	RLH	756764106	5/19/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of appointment of BDO Seidman, LLP to serve as our independent registered public accounting firm for 2010.	Issuer	For	For
	Alaska Air Group, Inc.	10,000	ALK	011659109	5/18/10
1A-I	Directors recommendation for election	Issuer	For	For all nominees
2	Appointment of KPMG LLP as the company's independent auditor.	Issuer	For	For
3	Advisory vote on the compensation of the company's named executive officers.	Issuer	For	For
4	Approval of the company's 2010 employee stock purchase plan.	Issuer	For	For
5	Stockholder proposal regarding shareowner action by written concent.	Stockholder	Against	Against
	Amsurg Corp.	15,000	AMSG	03232P405	5/20/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Approval of the amendment to the Amsurg Corp. 2006 Stock incentive plan.	Issuer	For	For
3	Ratification of the appoiintment of Deloitte & Touche LLP as our indepentent registered public accounting firm for Fiscal 2010.	Issuer	For	For
	Idacorp, Inc.	10,000	IDA	451107106	5/20/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Ratify the appointment of Deloitte and Touche LLP as Idacorp's independent registered public accounting firm for the fiscal year ending December 31, 2010.	Issuer	For	For
3	Re-approve the material terms of the performance goals under the Idacorp 2000 long-term incentive and compensation plan for the purposes of internal revenue code section 162(M).	Issuer	For	For
4	Approve the Idacorp executive incentive plan for the purposes of internal revenue code section 162(M)	Issuer	For	For
	Raytheon Company	6,500	RTN	755111507
1A-I	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of independent auditors.	Issuer	For	For
3	Amendment of independent auditors.	Issuer	For	For
4	Approval of the Raytheon company 2010 stock plan.	Issuer	For	For
5	Stockholder propaosal regarding advisory vote on executive compensation.	Stockholder	Against	Against
6	Stockholder proposal regarding supplemental executive retirement plans.	Stockholder	Against	Against
7	Stockholder proposal regarding shareholder action by written concent.	Stockholder	Against	Against
	Lowe's Companies, Inc.	15,000	LOW	548661107
1	Directors recommendation for election	Issuer	For	For all nominees
2	To ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm.	Issuer	For	For
3	To approve an amendment to Lowe's bylaws decreasing the percentage of shares required to call a special meeting of shareholders.	Issuer	For	For
4	Shareholder proposal regerding report on political spending.	Stockholder	Against	Against
5	Shareholder proposal regarding seperating the roles of chairman and Ceo.	Stockholder	Against	Against
	FTI Consulting, Inc.	5,000	FCN	302941109
1	Directors recommendation for election	Issuer	For	For all nominees
2	Approve the amendment to the FTI Consulting, Inc. 2009 omnibus incentive compensation plan to increase by 4,500,000 shares the number of shares of common stock authorized and reserved for issuance under the plan.	Issuer	For	For
3	Ratify the retention of KPMG LLP as FTI Consulting, Inc.'s independent registered public accounting firm for the year ending December 31, 2010.	Issuer	For	For
	Staples, Inc.	6,000	SPLS	855030102	6/7/10
1A-L	Directors recommendation for election	Issuer	For	For all nominees
2	To approve the long term cash incentive plan.	Issuer	For	For
3	To approve an amendment to staple' amended and restated 2004 stock incentive plan increasing the number of shares of common stock incentive plan increasing the number of shares of common stock authorized for issuance under the plan from 77,430,000 to 97,430,000 and amending the material terms of the performance oals of the plan.	Issuer	For	For
4	To ratify the selection by the audit committee to Ernst & Young LLP as Staples' independent registered public accounting firm for the current fiscal year.	Issuer	For	For
5	To act on a shareholder proposal regarding the ability of shareholders to act by majority written concent.	Shareholder	Against	Against
6	To act on a shareholder proposal providing shareholders owning 10% of outstanding shares with the abily to call special meetings.	Shareholder	Against	Against
	Allegiant Travel Company	16,000	ALGT	01748X102	6/8/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of Ernst & Young, LLP as independent registered public accountants.	Issuer	For	For
	Best Buy Co Inc.	10,000	BBY	086516101	6/24/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending Febuary 26, 2011.	Issuer	For	For
3	In their direction, the proxy agents are authorized to vote upon such other buisness as may properly come before the meeting.	Issuer	For	For
	Bed Bath & Beyond Inc.	9,000	BBBY	075896100	6/29/10
1A-I	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of the appointment of KPMG LLP.	Issuer	For	For

Saturna Investment Trust, Sextant International Fund (SSIFX)
Proxy Voting Record relating to shareholder meetings held from July 1, 2009 through June 30, 2010
Proposal #	Issue / Proposals	Shares / Proposed by	Symbol / Directors Recommend	CUSIP / Vote	Meeting Date
	51Job INC.	8,000	JOBS	316827104	8/28/09
1-5	Directors recommendation for election	Issuer	For	For all nominees
6	To approve the adoption of the 2009 share option plan.	Issuer	For	For
	CPFL Energia S.A.	6,000	CPL	126153105	9/28/09
1	To acknowledge the resignation of Mr. Luiz Anibal De Lima Fernandes as a sitting member of the company's board of directors, a position to which he was elected by the ordinary general meeting on April 23, 2009.	Issuer	For	For
2	To elect, pursuant to article 17 of the company's bylaws, Mr. Pedro Pullen Parente to replace Mr. Luiz Anibal de Lima Fernandes for the remaining period of the joint one-year term of office of the company's board of directors, pursuant to article 150, paragraph 3 of law 6, 404/76.	Issuer	For	For
	Telecom corporation of New Zealad LTD.	20,000	NZT	879278208	10/1/09
1	To authorize the directors to fix the remuneration of the auditors.	Issuer	For	For
2-3	Directors recommendation for re-election	Issuer	For	For all nominees
4-5	Directors recommendation for election	Issuer	For	For all nominees
	Lan Airlines S.A.	100,000	LFL	501723100	10/29/09
A	Fixing of the price of the shares to be included in the compensation plans set up pursuant to article 24 of Law No. 18,048, as decided during the extraordinary shareholders' meeting held on April 5, 2007, or authorization to the board of directors to make a decision to such effect.	Issuer	For	For
B	Adoption of any and all agreements necessary for fixing the price described in(A) above, including an authorization to the board of directors, in the broader terms possible, to freely compensation plans referred to in (A) above.	Issuer	For	For
	ING Groep N.V.	25,000	ING	456837103	11/25/09
2B	Approval of a resolution of the executive board regarding an important change of the identity or character of the company or the enterprise.	Issuer	For	For
3	Authorization to issue ordinary shares and to exclude the pre-emptive rights.	Issuer	For	For
	Encana Corporation	15,000	ECA	292505104	11/25/09
1	Aspecial resolution, the full text of which is set forth in appendix "A" to the accompanying information circular, approving an arrangement pursuant to section 192 of the Canada Business Corporations Act pursuant to which, among other things, common shareholders of Encana will receive one new common share in Encana and one common share in a new public company called "Cenovus Energy Inc." in exchange for each common share of Encana held.	Issuer	For	For
2	An ordinary resolution ratifying and approving an employee stock option plan for Cenovus Energy Inc.	Issuer	For	For
3	An ordinary resolution ratifying and approving a shareholder rights plan for Cenovus Energy Inc.	Issuer	For	For
	BHP Billito Limited.	14,000	BHP	088606108	11/26/09
1	To receive the 2009 financial statements and reports for BHP Billiton Limited and BHP Billito Plc.	Issuer	For	For
2-6	Directors recommendation for re-election	Issuer	For	For all nominees
7	Directors recommendation for election	Issuer	For	For all nominees
8	To appoint KPMG Audit Plc as the auditor of BHP Billiton Plc.	Issuer	For	For
9	To renew the general authority ti issue shares in BHP Billiton Plc.	Issuer	For	For
10	To renew the disapplication of pre-emption rights in BHP Billiton Plc.	Issuer	For	For
11	To approve the repurchase of shares in BHP Billiton Plc.	Issuer	For	For
12	To approve the cancellation of shares in BHP Billiton Plc held by BHP Billiton Limited on each of the following dates.	Issuer	For	For
12A	30 April 2010	Issuer	For	For
12B	17 June 2010	Issuer	For	For
12C	15 September 2010	Issuer	For	For
12D	11 November 2010	Issuer	For	For
13	To approve the 2009 Remuneration report.	Issuer	For	For
14	To approve the grant of awards to Mr. Marius Kloppers under the GIS and LTIP.	Issuer	For	For
	CPFL Energia S.A.	6,000	CPL	126153105	12/10/09
1	Approve the seven (7) "Protocol and justification for incorporation of shares" ("protocols") instruments signed between the company and the controlled companies.	Issuer	For	For
2	Ratify the choice of Hirashima & Associados consultoria Em Transacoes Societarias LTA.	Issuer	For	For
3	Examine and approve the appraisal reports mentioned under item "II" above with respect to the company.	Issuer	For	For
4	Approve the incorporation of the total shares issued by the controlled companies into the equity with consequent conversion of the said controlled companies into wholly owned subsidiaries.	Issuer	For	For
5	Approval of the increase in the capital stock in the total value of R$ 52,250,435.73 with the total issue of 1,226,223 new shares of the company to replace the shares issued by the controlled companies which shall be incorporated into the equity of the company pursuant to the foregoing items and respective protocols.	Issuer	For	For
6	Amend the company's bylaws, in their articles 5 to reflect the change in the company's capital stock as a result of the eventual approval of the items "I" to "V" above, the said capital stock increasing from R$ 4793,425,677.55.	Issuer	For	For
	PT Indosat TBK	5,000	IIT	744383100	1/28/10
1	To approve changes to the composition of the board of commissioners and/or board of directors of the company.	Issuer	For	For
2	To approve the amendments to the company's articles of association.	Issuer	For	For
	Novartis AG	25,000	NVS	66987V109	2/26/10
1	Approval of the annual report, the financial statements of Novartis AG and the group consolidated financial statements for the business year 2009.	Issuer	For	For
2	Discharge from liability of the members of the board of directors and the executive committee.	Issuer	For	For
3	Appropriation of available earnings of novarts AG as per balance sheet and declaration of dividend.	Issuer	For	For
4A	Amendments to the articles of incorporation: implementation of the book entry securities act.	Issuer	For	For
4B	Amendments to the articles of incorporation: introduction of a consultative vote on the compensation system.	Issuer	For	For
5A-C	Directors recommendation for re-election	Issuer	For	For all nominees
6	Appointment of auditor.	Issuer	For	For
7	Additional and/or counter-proposals presented at the meeting.	Issuer	For	For
	The Toronto-Dominion Bank	15,000	TD	891160509	3/25/10
A	Directors recommendation for election	Issuer	For	For all nominees
B	Appointment of auditor named in the management of proxy circular.	Issuer	For	For
C	Approach to executive compensation disclosure in the report of the management resources committee and approach to compensation sections of the management proxy circular. (Note- item C above is an advisory vote)	Issuer	For	For
D	Shareholder proposal A	Shareholder	Against	Against
E	Shareholder proposal B	Shareholder	Against	Against
	Canon Inc.	11,000	CAJ	138006309	3/30/10
1	Dividend from surplus.	Issuer	For	For
2	Directors recommendation for election	Issuer	For	For all nominees
3A-C	Recommendation for election of corporate auditors.	Issuer	For	For all nominees
4	Grant of retirement allowance to directors to retire.	Issuer	For	Against
5	Grant of retirement allowance to corporate auditors to retire and final payments of retirement allowance dure to the abolishment of the retirement allowance system for corporate auditors.	Issuer	For	Against
6	Grant of bonus to directors.	Issuer	For	For
7	Issuance of share options as stock options without compensation.	Issuer	For	For
	Coca-cola FEMSA S.A.B.DE.C.V.	20,000	KOF	191241108	4/14/10
1	Report of the chief executive officer of Coca-cola FEMSA S.A.B.DE.C.V. option of the board of directors regarding the content of the report of chief executive officer and reports of board.	Issuer	None	For
2	Report with respect to the compliance of tax obligations.	Issuer	None	For
3	Application of the results for the 2009 fiscal year, including the payment of a cash dividend.	Issuer	None	For
4	Proposal to determine as the maximum amount of resources to be used for the share repurchase program.	Issuer	None	For
5	Election of members and secretaries of the board qualification of their independence, in accordance with securities market law.	Issuer	None	For
6	Election on of members of the following committees: (I) finance and planning, (II) audit, and (III) corporate practices.	Issuer	None	For
7	Appointment of delegates for the formalization of the meeting's resolution.	Issuer	None	For
8	Reading and, if applicable, approval of the minute.	Issuer	None	For
E1	Proposal to amend articles 23 and 29 of the bylaws of the company.	Issuer	None	For
E2	Appointment of delegates for the formalization of the meeting's resolution.	Issuer	None	For
E3	Reading and, if applicable, approval of the minute.	Issuer	None	For
	Rio Tinto PLC	4,000	RTP	767204100	4/15/10
1	To receive the financial statements and the reports of the directors and auditors for the year ended 31, December 2009.	Issuer	For	For
2	Approval of the remuneration report.	Issuer	For	For
3-5	Directors recommendation for election	Issuer	For	For all nominees
6-8	Directors recommendation for re-election	Issuer	For	For all nominees
9	Re-appointment of pricewaterhousecoopers LLP as auditors of Rio Tinto PLC.	Issuer	For	For
10	Authority to allot relevant securities under section 551 of the companies act 2006.	Issuer	For	For
11	Authority to allot relevant securities for cash as defined in the companies act 2006.	Issuer	For	For
12	Authority to purchase Rio Tinto PLC shares by the company of Rio Tinto Limited.	Issuer	For	For
13	Notice period for general meetings other than annual general meetings.	Issuer	For	For
	Encana Corporation	15,000	ECA	292505104	4/21/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Appointment of auditors- pricewaterhousecoopers LLP at a remuneration to fixed by the board of directors.	Issuer	For	For
3	Amendment and reconfirmation of the shareholder rights plan.	Issuer	For	For
4	Confirmation of amendments to by-law no.1.	Issuer	For	For
	Teck Resources Limited	100,000	TCK	878742204	4/22/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	To appoint pricewaterhousecoopers LLP as auditors and to authorize the directors to fix the auditor's remuneration.	Issuer	For	For
3	To approve the adoption of the 2010 stock	Issuer	For	For
	ING Groep N.V	92,852	ING	456837103	4/27/10
2C	Annual accounts for 2009.	Issuer	For	For
4B	Remuneration policy.	Issuer	For	For
5C	ING's implementation of the revised Duch corporate governance code.	Issuer	For	For
7A	Discharge of the members of the executive board in respect of the duties performed during the year 2009.	Issuer	For	For
8	Composition of the supervisory board: reappointment of Piet Klaver.	Issuer	For	For
9A	Authorization to issue ordinary shares with or without pre-emptive rights.	Issuer	For	For
9B	Authorization to issue ordinary shares with or without pre-emptive rights in connection with a takeover of a business.	Issuer	For	For
10A	Authorization to acquire ordinary shares or depositary receipts for ordinary shares in the company's own capital.	Issuer	For	For
10B	Authorization to acquire shares or depositary receipts for ordinary shares capital in connection with a restructuring.	Issuer	For	For
	Shire PLC	20,000	SHPGY	82481R106	4/27/10
1	To receive the company's accounts for the year ended December31, 2009.	Issuer	For	For
2	To approve the directors' remuneration report for the year ended December 31, 2009.	Issuer	For	For
3-4	Directors recommendation for election	Issuer	For	For all nominees
5	To re-appoint deloitte LLP as auditors of the company to hold office brom the conclusion of the meeting to the conclusion of the annual general meeting of the company to be held in 2011.	Issuer	For	For
6	To authorize the audit, compliance & risk committee of the board to determine the remuneration of the auditors.	Issuer	For	For
7	To resolve that the authority to allot relevant securities (as defined in the company's articles of association) conferred on the directors by article 10 paragraph (B) of the company's articles of association be renewed and for this purpose the authorized allotment amount.	Issuer	For	For
8	To approve the proposed amendments (summarized in the explanatory notes to this notice) to the share portfolio share plan and to authorize the directors to do all such things as may be necessary to carry the same into effect.	Issuer	For	For
S9	To resolve that, subject to the passing of the previous resolution, the authority to allot equity securities (as defined in the company's articles of association) wholly for cash, conferred on the directors by article 10 paragraph (D) of the company's articles of association be renewed, all as more fully described in the proxy statement.	Issuer	For	For
S10	To resolve that the company be and is herby generally and unconditionally authorized: (A) pursuant to article 57 of the companies (Jersey) law 1991 to make market purchase of ordinary shares in the capital of the company (B) pursuant to article 58A of the companies (Jersey) law 1991, to holds treasury shares any ordinary shares purchased pursuant to the authority conferred by paragraph (A) of this resolution.	Issuer	For	For
	Barrick Gold Corporation	25,000	ABX	067901108	4/28/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Resolution approving the appointment of pricewaterhousecoopers LLP as the auditors of Barrick and authorizing the directors to fox their remuneration.	Issuer	For	For
3	Advisory resolution on executive compensation approach.	Issuer	For	For
	AXA	17,000	AXAHY	054536107	4/29/10
1	Approval of the company's financial statements for 2009- parent only.	Issuer	For	For
2	Approval of the consolidated financial statements for 2009.	Issuer	For	For
3	Earnings allocation and payment of a dividend of 0.55 Euro per share.	Issuer	For	For
4	Approval of the statutory auditors' special report on regulated agreements.	Issuer	For	For
5	Approval of pension and social protection commitments referred to in the last paragraph of article L.225-90-1 of the French commercial code.	Issuer	For	For
6	Approval of commitments referred to in article L.225-90-1 of the French commercial code granted to Mr. Henri De Castries in order to align his status with the AFEP.MEDEF recommendations.	Issuer	For	For
7	Approval of commitments referred to in article L.225-90-1 of the French commercial code granted to Mr. Denis Duverne in order to align his status with the AFEP.MEDEF recommendations.	Issuer	For	For
8	Re-appointment of Mr. Norbert Dentressangle to the supervisory Board.	Issuer	For	For
9	Re-appointment of Mazars as incumbent statutory auditor.	Issuer	For	For
10	Appointment of Mr. Jean-Brice De Turkheim as alternate statutory auditor.	Issuer	For	For
11	Authorization granted to the management board in order to purchase shares of the company.	Issuer	For	For
E12	Authorization granted to the management board in order to increase the share capital by issuing ordinary shares, reserved for employees enrolled in an employer-sponsored savings plan.	Issuer	For	For
E13	Authorization granted to the management board in order to increase the share capital of the company by issuing ordinary shares, without preferential subription rights, in favor of a category of beneficiaries.	Issuer	For	For
E14	Authorization granted to the management board in order to reduce the share capital through the cancellation of ordinary shares.	Issuer	For	For
E15	Changeint the governance structure of the company; amendments of the bylaws accordingly; acknowledgement of the continuity of authorizations and delegations granted to the management board in favor of the board of directors.	Issuer	For	For
O17-30	Appointment to the board of directors.	Issuer	For	For all nominees
31	Appointment of Ms. Wendy Cooper to the board of directors upon proposal of the employee shareholders of the AXA Group.	Issuer	For	For all nominees
O32-36	Appointment to the board of directors upon proposal of the employee shareholders of the AXA Group.	Issuer	None	No Vote
O37	Setting of the annual amount of directors' fees allocated to the members of the board of directors.	Issuer	For	For
O38	Authorization to comply with all formal requirements in connection with this meeting.	Issuer	For	For
	Ritch Bros. Auctioneers Incorporated.	30,000	RBA	767744105	04/029/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Appointment of KPMG LLP as auditors of the company for the ensuing year and authorizing the directors to fix their remuneration.	Issuer	For	For
3	Approval of the reconfirmation of the shareholder rights plan in accordance with the shareholder rights plan agreement dated as of February 27, 2007 between the company and Computershare Investors Services Inc., The full text of which resolution is set out in Schedule "A" to the information circular of the company dated March 2, 2010.	Issuer	For	For
	Lan Airlines S.A.	130,000	LFL	501723100	4/29/10
A	Approval of the annual report, balance sheet and financial statements of Lan for the fiscal year ending December 31, 2010.	Issuer	None	For
B	Approval of the distribution of a definitive dividend to be charged to the earnings of the fiscal year 2009.	Issuer	None	For
C	Election of the board of directors of Lan.	Issuer	None	For
D	Determination of the compensation for the board of directors of Lan for the fiscal year 2010.	Issuer	None	For
E	Determination of the compensation for the board of directors' committee of Lan and it's budget for the fiscal year 2010.	Issuer	None	For
F	Appointment of an external audit company for Lan; and reports regarding the issues contemplated in Title XVI of law 16,046 on corporations.	Issuer	None	For
G	Information regarding he cost of processing, printing and distribution of the information referred to in circular 1,616 of the Chilean Superintendence of Securities and Insurance.	Issuer	None	For
H	Determination of the newspaper in which Lan will make it's publications.	Issuer	None	For
I	Other matters of corporate interest that are to be reviewed by the annual shareholder's meeting.	Issuer	None	For
	Pearson PLC	90,000	PSO	705015105
1	Receipt of financial statements.	Issuer	For	For
2	Final dividend.	Issuer	For	For
3-13	Directors recommendation for re-election	Issuer	For	For all nominees
	LIHIR Gold Limited	55,000	LIHR	532349107	5/5/10
1	To receive and consider financial statements and reports of directors an auditor in respect of year ended 31 December 2009.	Issuer	For	For
2-3	Re-election of Director who retires by rotation in accordance with rule 15.3 the company's constitution and, being eligible, offers himself for re-election.	Issuer	For	For
4	Re-appointment of the auditor: "that that company's auditor, pricewaterhousecoopers, be re-appointed to hold office as the company's auditor from the conclusion of this meeting until the conclusion of the company's next annual meeting, and to audit the financial statements of the company and group financial statements during that period."	Issuer	For	For
S5	Contract for new CEO/Managing director: "that the company's wholly owned subsidiaries, LIHIR servides Aulstralia PTY Limited enter into a contract of employment with it's new CEO\Managing director on the terms more fully described in the explanatory notes."	Issuer	For	For
S6	Issue of share rights to new CEO\Managing director: "That the company issue up to maximum of 1,500,000 share rights to the new CEO\Managing director following his\her appointment as such."	Issuer	For	For
	Glaxosmithkline PLC	35,000	GSK	37733W105	5/6/10
1	To relieve and adopt the directors' report and the financial statements.	Issuer	For	For
2	To approve the remuneration report.	Issuer	For	For
3-7	Directors recommendation for election	Issuer	For	For all nominees
8	Re-appointment of auditors.	Issuer	For	For
9	Remuneration of auditors.	Issuer	For	For
10	To authorize the company and it's subsidiaries to make donations to political organizations and incur political expenditure.	Issuer	For	For
11	Authority to allot shares.	Issuer	For	For
S12	Disapplication of pre-emption rights.	Issuer	For	For
S13	Authority for the company to purchase it's own shares.	Issuer	For	For
14	Exemption from statement of senior statutory auditors' name.	Issuer	For	For
S15	Reduced notice of a general meeting other then an AGM.	Issuer	For	For
S16	Adopt new articles of association.	Issuer	For	For
	BCE Inc.	60,000	BCE	0534B760	5/6/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Deloitte & Touche LLP as Auditors.	Issuer	For	For
3	Resolved, on an advisory basis and not to diminish the role and responsibilities of the board of directors, that the shareholders accept the approach to executive compensation disclosed in the 2010 management proxy circular dated March 11, 2010 delivered in advance of the 2010 annual general meeting of shareholders of BEC.	Issuer	For	For
	China Mobile (Hong Kong) Limited.	25,000	CHL	16941M109	5/12/10
1	To receive & consider the audited financial statements & reports of the directors and auditors for year ended 31 December 2009.	Issuer	For	For
2	To declare a final dividend for the year ended 31 December 2009.	Issuer	For	For
3A	To re-elect Li Yue and a director.	Issuer	For	For
3B	To re-elect Lu Xiangdong as a director.	Issuer	For	For
3C	To re-elect Xin Fanfei as a director.	Issuer	For	For
3D	To re-elect Frank Wong Kwong Shing as a director.	Issuer	For	For
4	To re-appoint messurs. KPMG as auditors and to authorize the directors to fix their remuneration.	Issuer	For	For
5	To give a general mandate to the directors to repurchase shares in the company not exceeding 10% of the aggregate nominal amount of the existing issued share capital.	Issuer	For	For
6	To give a general mandate to the directors to issue, allot and deal with additional shares in the company not exceeding 20% of aggregate nominal amount of the existing issued share capital.	Issuer	For	For
7	To extend the general mandate granted to the directors to issue, allot and deal with shares by the number of shares repurchased.	Issuer	For	for
	BG Group PLC	14,000	BRGYY	055434203	5/12/10
1	Annual report and accounts.	Issuer	For	For
2	Remuneration report.	Issuer	For	For
3	Declaration of dividend.	Issuer	For	for
4	Director recommendation for election	Issuer	For	For all nominees
5-7	Directors recommendation for re-election	Issuer	For	For all nominees
8	Re-appointment of auditors.	Issuer	For	For
9	Remuneration of auditors.	Issuer	For	For
10	Political donations.	Issuer	For	For
11	Authority to allot shares.	Issuer	For	For
S12	Disapplication of pre-emption rights.	Issuer	For	For
S13	Authority to make market purchases of own shares.	Issuer	For	For
S14	Notice periods for general meetings.	Issuer	For	For
S15	Adoption of new articles of association.	Issuer	For	For
	Total S.A.	30,000	TOT	89151E109	5/21/10
1	Approval of parent company financial statements dated December 31, 2009.	Issuer	For	For
2	Approval of consolidated financial statements dated December 31, 2009.	Issuer	For	For
3	Allocation of earnings, declaration of dividend.	Issuer	For	For
4	Agreements covered by article L.225-42-1	Issuer	For	For
5	Commitments under article L.225-42-1 of the French Commercial code, concerning Mr. Christophe De Margerie.	Issuer	For	For
6	Authorization for the board of directors to trade in shares of the company.	Issuer	For	For
7	Renewal of the appointment of Mr. Thierry Desmarest as a director.	Issuer	For	For
8	Renewal of the appointment of Mr. Thierry Rudder as a director.	Issuer	For	For
9	Renewal of the appointment of Mr. Gunnar brock as a director.	Issuer	For	For
13	Renewal of the appointment of Ernst and Young audit as statutory auditors.	Issuer	For	For
14	Renewal of the appointment of KPMG Audit (a division of KPMG S.A.) as a statutory auditors.	Issuer	For	For
15	Appointment of Auditex as alternate auditors.	Issuer	For	For
16	Appointment of KPMG Audit is as alternate auditor.	Issuer	For	For
E17	Share capital increases with preferential subscription rights.	Issuer	For	For
E18	Share capital increases by public offering without preferential subscription rights.	Issuer	For	For
E19	Share capital increases in exchange for equity securities contributed to the company.	Issuer	For	For
E20	Share capital increases the issuance of common shares reserved to employees.	Issuer	For	For
E21	Allocation of stock options.	Issuer	For	For
A	Amendment of the articles of association concerning the publication of the internal charters for collective investment funds whose assets are more then .5% of the capital of the company.	Shareholder	Against	Against
	Canadian Pacific Railway Limited	32,000	CP	13645T100
1	Appointment of Pacific Railway Limited.	Issuer	For	For
2	Directors recommendation for election	Issuer	For	For all nominees
3	Confirming the amendment of by-law no. 1 of the corporation, as described in the management proxy circular.	Issuer	For	For
	Tenaris, S.A.	2,500	TS	88031M109	6/2/10
1	Consideration of board's management report and certifications and the independent auditors' reports for years ended December 31, 2009, 2008, 2007, and the annual accounts.	Issuer	None	For
2	Approval of the company's consolidated financial statements for the yeard ended December 31, 2009, 2008, 2007.	Issuer	None	For
3	Approval of the company's annual accounts as at December 31, 2009.	Issuer	None	For
4	Allocation of results and approval of dividend payment for the year ended December 31, 2009.	Issuer	None	For
5	Discharge of the members of the board of directors for the exercise of their mandate during year ended December 31, 2009.	Issuer	None	For
6	Election of members of the board of directors.	Issuer	None	Abstain.
7	Compensation of members of the board of directors.	Issuer	None	For
8	Appointment of the independent auditors for the fiscal year ending December 31, 2010 and approval of their fees.	Issuer	None	For
9	Authorization to the company, or any subsidiary, to from time to time purchase, acquire or receive shares of the company.	Issuer	None	For
10	Authorization to board to cause distribution of all shareholder communications, including shareholder meeting & proxy materials and annual reports to shareholders, by electronic means.	Issuer	None	For
	Orient-Express Hotels LTD.	131,300	OEH	G67743107	6/3/10
1	Director recommendation for election	Issuer	For	For all nominees
2	Amendment of the company's 2009 share award ad incentive plan to increase the number of class A common shares authorized for issuance under the plan.	Issuer	For	For
3	Appointment of Deloitte LLP as the company's independent auditor until the close of the 2011 annual general meeting, and authorization of the audit committee of the board of directors to fix the independent auditor's remuneration.	Issuer	For	For
	SAP AG	12,000	SAP	803054204	6/8/10
2	Appropriation of the retained earnings of the fiscal year 2009.	Issuer	None	For
3	Approval of the acts of the executive board in the fiscal year 2009.	Issuer	None	For
4	Approval of the acts of the supervisory board in the fiscal year 2009.	Issuer	None	For
5	Approval of the system for the remuneration of executive board members.	Issuer	None	For
6	Appointment of the auditors of the financial statements and group financial statements for the fiscal year 2010.	Issuer	None	For
7	Amendment to the section 4 (1), (6) and (10) of the articles of incorporation to reflect changes in the capital structure since the articles of incorporation were last amended.	Issuer	None	For
8A	Amendments to the articles of incorporation to reflect the requirements of the German Act implementing the directive on shareholders' rights: restatement of section 17 (3) of the articles of incorporation.	Issuer	None	For
8B	Amendments to the articles of incorporation to reflect the requirements of the German Act implementing the directive on shareholders' rights: restatement of section 18(2) of the articles of incorporation.	Issuer	None	For
8C	Amendments to the articles of incorporation to reflect the requirements of the German Act implementing the directive on shareholders' rights: supplement to section 18 of the articles of incorporation to allow online participation.	Issuer	None	For
8D	Amendments to the articles of incorporation to reflect the requirements of the German Act implementing the directive on shareholders' rights: restatement of section 18 of the articles of incorporation to allow postal voting.	Issuer	None	For
8E	Amendments to the articles of incorporation to reflect the requirements of the German Act implementing the directive on shareholders' rights: restatement of section 19 (2) of the articles of incorporation.	Issuer	None	For
8F	Amendments to the articles of incorporation to reflect the requirements of the German Act implementing the directive on shareholders' rights: restatement of section 20(4) of the articles of incorporation.	Issuer	None	For
9A	Renewal of the authorized capital facilities: Deletion of paragraphs (5) and (7) of section 4 of the current version of the articles of incorporation (authorized capital I and II)	Issuer	None	For
9B	Renewal of the authorized capital facilities: cancellation of the existing authorized capital IA and the creation of new authorized capital 1 and the corresponding amendment to section 4 of the articles of incorporation.	Issuer	None	For
9C	Renewal of authorized capital facilities: cancellation of the existing authorized capital IIA and on the creation of new authorized capital II and on the corresponding amendment to section 4 of the articles of incorporation.	Issuer	None	For
10	Creation of authorized capital III for the purpose of granting shares to employees of the company an it's affiliates against contributions in cash or in kind and on the corresponding amendment to section 4 of the articles of incorporation.	Issuer	None	For
11	Authorization to acquire and use treasury shares pursuant to section 71 (1) no.8 of the German Stock Corporation Act (aktiengesetx), with possible exclusion of the shareholders' subscription rights and potential rights to offer shares.	Issuer	None	For
12	Change int eh remuneration of the members of the supervisory board and on the corresponding amendment to the articles of incorporation.	Issuer	None	For
	NIDEC Corporation	13,000	NJ	654090109	6/22/10
1	Partial amendment to the articles of incorporation.	Issuer	For	For
2	Director recommendation for election	Issuer	For	For all nominees
3A	Appointment of member to the board of corporate auditors Chihiro Suematsu.	Issuer	For	For
3B	Appointment of member to the board of corporate auditors Kiichiro Kobayashi.	Issuer	For	For
	Vale S.A.	60,000	VALE	91912E105	05/27/10
1	Appointment of a member of board of directors- Valepar S.A. Nominee for this position is Mr. Jose Mauro Mettrau Carneiro Da Cunha. For more details on Valepar's proposal, please review the documents related to this meeting on the company's webpage.	Issuer	For	For
	PT Indosat TBK	5,000	IIT	744383100	6/22/10
1	To approve the annual report and to ratify the financial statement of the company for the financial year ended December 31, 2009 and thereby releases and discharge the board of commissioners from their supervisory responsibilities and the board of directors from their managerial responsibilities and the board of directors from their managerial responsibilities, all as more fully described in the proxy statement.	Issuer	For	For
2	To approve the allocations of net profit for reserve funds, dividends and other proposes and to approve the determination of the amount, time and manner of payments of dividends for the financial year ended December 31, 2009.	Issuer	For	For
3	To determine the remuneration for the board of commissioners of the company for 2010.	Issuer	For	For
4	To approve the appointment of the company's independent auditors for the financial year ending December 31, 2010.	Issuer	For	For
5	To approve the composition of the board of directors for terms of service 2010-2015 period.	Issuer	For	For
	Nissan Moter Co., LTD	45,000	NSANY	654744408	6/23/10
1A	Election of statutory auditor: Toshyuki Nakamura.	Issuer	For	For
1B	Election of statutory auditor: Mikio Nakura.	Issuer	For	For
2	Delegation to the board of directors to determine the terms and conditions of issuing Shinkabu-Yoyakuen (share option) without consideration to employees of the company and directors and employees of it's affiliates.	Issuer	For	For
3	Granting of share appreciation rights (the "SAR") to directors.	Issuer	For	For
	Nomura Holdings, Inc.	30,000	NMR	65535H208	6/25/10
1A-L	Director recommendation for election	Issuer	For	For all nominees
	Mitsubishi UFJ Financial Group, Inc.	200,000		606822104	6/29/10
1	Appropriation of surplus.	Issuer	None	For
2A-P	Director recommendation for election	Issuer	For	For all nominees
	TEVA Pharmaceutical Industries Limited	30,000	TEVA	881624209	6/29/10
1	To approve the board of directors' recommendation that the cash dividend for the year ended December 31, 2009, which was paid in four installments and aggregated NIS 2.50 (approximately US$0.642, according to the applicable exchange rates) per ordinary share (or ADS), be declared final.	Issuer	For	For
2A-E	Director recommendation for election	Issuer	For	For all nominees
3	To appoint Kesselman & Kesselman, a member of Pricewaterhousecoopers International LTD., as the company's independent registered public accounting firm until the 2011 annual meeting of shareholders and to authorize the board of directors to determine their compensation provided such compensation is also approved by the audit committee.	Issuer	For	For
4	To approve the company's 2010 long-term equity-based incentive plan.	Issuer	For	For
5A	Approve remuneration of Dr. Phillip Frost, in his capacity as chairman of the board, effective as of March 9, 2010, in the amount of NIS equivalent of USD 385,702 (as of March 9, 2010) per annum, plus VAT (as applicable), as adjusted by the Israeli consumer price index (in addition to per meeting fees paid to directors), provision to Dr. Frost, in his capacity as chairman of the board, of an office and secretarial services, and, effective as of February 15, 2010, all as more fully described in the proxy statement.	Issuer	For	For
5B	To approve the remuneration of Prof. Moshe Many, in his capacity as Vice chairman of the board of TEVA, effective as of March 9, 2010, in the amount of the NIS equivalent of USD 150,000 (as of March 9, 2010) per annum, plus VAT (as applicable), as adjusted by the Israeli consumer price index (in addition to per meeting fees paid to directors). And the provision to Prof. Many, in his capacity as Vice Chairman of the board, of secretarial services.	Issuer	For	For
5C	To approve the remuneration of Prof. Roger Kornberg, in his capacity as a director of TEVA, effective as of May 10, 2010 in the amount of the NIS equivalent of USD 15,000 (as of May 10, 2010) per annum, plus VAT (as applicable), as adjusted by the Israeli consumer price index (in addition to per meeting fees paid to directors).	Issuer	For	For
6	To approve an increase in the registered share capital of the company by NIS 100,000,000 TO A TOTAL OF nis 250,000,000 by the creation of 1,000,000,000 additional ordinary shares of par value NIS .01 each, and the amendment of the company's incorporation documents accordingly.	Issuer	For	For
	Nice-Systems LTD.	10,000	NICE	653656108	6/29/10
1A-F	Director recommendation for election	Issuer	For	For all nominees
2A	Election of outside director: Dan Falk.	Issuer	For	For
2B	Election of outside director: Yocheved Dvir.	Issuer	For	For
3	To grant options to purchase ordinary shares to the company's directors (all of whom are independent directors).	Issuer	For	For
4	To increase the special annual fee paid to the chairman of the board of directors.	Issuer	For	For
5A	To amend the company's articles of association: amendment to establish guidelines for submission of shareholder proposals.	Issuer	For	For
5B	To amend the company's articles of association: amendment to allow the election of more then two outside directors.	Issuer	For	For
6	To amend the form of indemnification letter in favor of the company's directors'	Issuer	For	For
7	To re-appoint the company's independent auditors and to authorize the company's board to fix their remuneration.	Issuer	For	For
	Air France-KLM	25,000	AFLYY	009119108	7/8/10
1	Approval of the company financial statements for the Fiscal year ended March 31, 2010.	Issuer	For	For
2	Approval of the consolidated financial statements for the fiscal year ended March 31, 2010.	Issuer	For	For
3	Allocation of net income for the fiscal year ended March 31, 2010.	Issuer	For	For
4	Approval of the related party agreements and commitments.	Issuer	For	For
5	Renewal of the director's mandate of Mr. Jean-Francois Dehecq for a term of two years.	Issuer	For	For
6	Renewal of the director's mandate of Mr. Cornelis Van Lede for a term of two years.	Issuer	For	For
7	Renewal of the director's mandate of Mr. Leo Van Wijk for a term of two years.	Issuer	For	For
8	Renewal of the director's mandate of Mr. Jean-Marc Espalioux for a term of three years.	Issuer	For	For
9	Renewal of the director's mandate of Ms. Jean-Cyril spinetta for a term of four years.	Issuer	For	For
10	Renewal of the director's mandate of Mr. Jean-Cyril Spinetta for a term of four years.	Issuer	For	For
11	Appointment of Ms. Maryse Aulagnon as a director for a term of three years.	Issuer	For	For
12	Appointment of Mr. Peter Hartman as a director for a term of three years.	Issuer	For	For
13	Renewal of the mandate of Mr. Christian Magne as a director representing the employee shareholders in the category of employees other then flight deck crew.	Issuer	For	For
14	Appointment of Mr. Bernard Pedamon as a director representing the Employee shareholders in the flight deck crew.	Issuer	For	For
15	Renewal of Deloitte & Associes mandate as incumbent statutory auditor.	Issuer	For	For
16	Renewal of Beas Mandate as deputy statutory auditor.	Issuer	For	For
17	Authorization to be granted to board of directors to perform operations in the company's shares.	Issuer	For	For
E18	Capital reduction to be carried out by reducing the nominal value of the company's shares (not for the purpose of absorbing losses) and allocation of the amount of the capital reduction to the share premium account.	Issuer	For	For
E19	Delegation of authority to the board of directors to issue ordinary shares and other securities giving access to the company's share capital, while maintaining preferential subscription rights for shareholders.	Issuer	For	For
E20	Delegation of authority to the board of directors to issue ordinary shares and other securities giving access to the company's share capital, while maintaining preferential subscription rights for shareholders.	Issuer	For	For
E21	Delegation of authority to the board of directors to issue ordinary shares and other securities giving access to the company's share capital without preferential subscription rights for shareholders, in the event of an offering carried out pursuant to paragraph II of article L.411-2 of the French Monetary and Financial Code.	Issuer	For	For
E22	Authorization to be granted to the board of directors to increase the amount of the initial issue in the event of a capital increase with or without preferential subscription rights.	Issuer	For	For
E23	Authorization to be granted to the board of directors to proceed with a share capital increase of up to 10% of the share capital to remunerate contributions in kind to the company comprising shares or securities giving rights to the capital of another company.	Issuer	For	For
E24	Authorization to be granted to the board of directors enabling it to proceed with a capital increase by capitalization of reserves, profits, premiums or other amounts eligible for capitalization.	Issuer	For	For
E25	Authorization to be granted to the board of directors enabling it to proceed with capital increases reserved to members of a company or group savings scheme.	Issuer	For	For

Saturna Investment Trust, Sextant Core Fund (SCORX)
Proxy Voting Record relating to shareholder meetings held from July 1, 2009 through June 30, 2010
Proposal #	Issue/ Proposals	Shares / Proposed by	Symbol / Directors Recommend	CUSIP / Vote	Meeting Date
	General Mills INC	150,000	GIS	370334104	9/21/09
1A-N	Directors recommendations for election	Issuer	For	For all nominees
2	ADOPT THE 2009 STOCK COMPENSATION PLAN.	Issuer	For	For
3	RATIFY THE APPOINTMENT OF KPMG LLP AS GENERAL MILLS' INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Issuer	For	For
4	STOCKHOLDER PROPOSAL ON ADVISORY VOTE ON EXECUTIVE COMPENSATION.	Stockholder	Against	Against
	Nike INC	900	NKE	654106103	9/21/09
1	Directors recommendations for election	Issuer	For	For all nominees
2	To approve an amendment to the NIKE, Inc employee stock purchase plan	Issuer	For	For
3	To ratify the appointment of Pricewaterhousecoopers LLP as independent registered public accounting firm	Issuer	For	For
4	To transact such other business as may properly come before the meeting	Issuer	For	For
	RPM International Inc.	1,000	RPM	749685103	10/8/09
1	Directors recommendations for election	Issuer	For	For all nominees
2	Approve an amendment to RPM's 2004 omnibus equity and incentive plan	Issuer	For	For
3	Ratify the appointment of Ernst & Young LLP as independent registered public accounting firm	Issuer	For	For
4	Stockholder proposal to eliminate classification of the board of directors	Stockholder	Against	Against
	Harris Corporation	550	HRS	413875105	10/23/09
1A-D	Directors recommendation for election	Issuer	For	For all nominees
2	The ratification of the appointment by our audit committee of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year 2010	Issuer	For	For
3	The shareholder proposal requesting approval of an amendment to our by-laws to require an independent chairman of the board	Shareholder	Against	Against
	Parker-Hannifin Corporation	450	PH	701094104	10/28/09
1	Directors recommendations for election	Issuer	For	For all nominees
2	Ratification of the appointment of Deloitte & Touche LLP as independent registered public accounting firm for FY10	Issuer	For	For
3	Approval of the Parker-Hannifin Corporation 2009 omnibus stock incentive plan	Issuer	For	For
4	Shareholder proposal to amend the code of regulations to separate the roles of chairman of the board and chief executive officer	Shareholder	Against	Against
	Lan Airlines S.A.	3,500	LFL	501723100	10/29/09
A	Fixing of the price of the shares to be included in the compensation plans set up pursuant to article 24 of law NO. 18046 as decided during the extraordinary shareholders' meeting held on April 5, 2007, or authorization to the board of directors to make a decision to such effect	Issuer	For	For
B	Adoption of any and all agreements necessary for fixing the price described in A above, including an authorization to the board of directors, in the broader terms possible, to freely determine, modify, fix and agree to the terms of the compensation plans referred to in A above.	Issuer	For	For
	Noble Corp	1,200	NE	H5833N103	10/29/09
1	Directors recommendations for election	Issuer	For	For all nominees
2	Approval of the amendment and restatement of the Noble Corporation 1991 Stock Option and Restricted Stock Plan effective as of October 29, 2009	Issuer	For	For
	ING Groep N.V.	400	ING	456837103	11/25/09
2B	Approval of a resolution of the executive board regarding an important change of the identity or the character of the company or enterprise	Issuer	For	For
3	Authorization to issue ordinary shares and to exclude the pre-emptive rights	Issuer	For	For
	Monsanto Company	600	MON	61166W101	1/26/10
1A-D	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of appointment of independent registered public accounting firm	Issuer	For	For
3	Approval of performance goals under the Monsanto Company 2005 long-term incentive plan	Issuer	For	For
	Apple Inc.	250	AAPL	037833100	2/25/10
1	Directors recommendations for election	Issuer	For	For all nominees
2	To approve amendments to the Apple Inc 2003 employee stock plan	Issuer	For	For
3	To approve amendments to the Apple Inc 1997 director stock option plan	Issuer	For	For
4	To hold an advisory vote on executive compensation	Issuer	For	For
5	To ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year 2010.	Issuer	For	For
6	Shareholder proposal entitled "Sustainability Report," if properly presented at the meeting	Shareholder	Against	Against
7	To consider a shareholder proposal entitled "Amend corporate bylaws establishing a board committee on sustainability," if properly presented at the meeting	Shareholder	Against	Against
	Novartis AG	800	NVS	66987V109	2/26/10
1	Approval of the annual report, the financial statements of Novartis AG and the group consolidated financial statements for the business year 2009	Issuer	For	For
2	Discharge from liability of the members of the board of directors and the executive committee	Issuer	For	For
3	Appropriation of available earnings of Novartis AG as per balance sheet and declaration of dividend	Issuer	For	For
4A	Amendments to the Articles of Incorporation: Implementation of the book entry securities act	Issuer	For	For
4B	Amendments to the Articles of Incorporation: Introduction of a consultative vote on the compensation system	Issuer	For	For
5A-C	Directors recommendation for election	Issuer	For	For all nominees
6	Appointment of the auditor	Issuer	For	For
7	Additional and/or counter-proposals presented at the meetings	Issuer	For	Abstain
	The Black & Decker Corporation	350	BDK	091797100	3/12/10
1	Approval of the merger (including the amendment and restatement of the charter of the Black & Decker Corporation to be effected as part of the merger) on substantially the terms and conditions set forth in agreement & plan of merger, dated as of November 2, 2009, all as more fully described in the proxy statement	Issuer	For	For
2	Approval of an adjournment of the Black & Decker Special Meeting, if necessary, including to solicit additional proxies if there are not sufficient votes for the proposal to approve the merger	Issuer	For	For
	The Toronto-Dominion Bank	550	TD	891160509	3/25/10
A	Directors recommendation for election	Issuer	For	For all nominees
B	Appointment of auditor named in the management proxy circular	Issuer	For	For
C	Approach to executive compensation disclosure in the report of the management resources committee and approach to compensation sections of the management proxy circular. (Note-item C is an advisory vote)	Issuer	For	For
D	Shareholder proposal A	Shareholder	Against	For
E	Shareholder proposal B	Shareholder	Against	For
	Eli Lilly and Company	1,000	LLY	532457108	4/19/10
1A-E	Directors recommendations for election	Issuer	For	For all nominees
2	Ratification of the appointment by the audit committee of board of Ernst & Young LLP as principal independent auditors for 2010	Issuer	For	For
3	Approve amendments to the Articles of Incorporation to provide for annual election of all directors	Issuer	For	For
4	Approve amendments to the Articles of Incorporation to eliminate all supermajority provisions	Issuer	For	For
5	Shareholder proposal on allowing shareholders to call special shareholders' meetings	Shareholder	Against	For
6	Shareholder proposal on prohibiting CEO's from serving on the compensation committee	Shareholder	Against	Against
7	Shareholder proposal on ratification of executive compensation	Shareholder	Against	Against
8	Shareholder proposal requiring executives to hold equity awards into retirement	Shareholder	Against	Against
	Lockheed Martin Corporation	400	LMT	539830109	4/22/10
1A-K	Directors recommendations for election	Issuer	For	For all nominees
2	Ratification of appointment of Ernst & Young LLP as auditors	Issuer	For	For
3	Stockholder proposal: Report on space-based weapons program	Stockholder	Against	Against
	Johnson & Johnson	700	JNJ	478160104	4/22/10
1A-J	Directors recommendation for election	Issuer	For	For all nominees
2	Ratification of appointment of Pricewaterhousecoopers LLP as independent registered public accounting firm for 2010	Issuer	For	For
3	Advisory vote on executive compensation	Shareholder	Against	Against
4	Special shareholder meetings	Shareholder	Against	Against
	Arch Coal, Inc	2,000	ACI	039380100	4/22/10
1	Directors recommendations for election	Issuer	For	For all nominees
2	Ratification of the appointment of independent registered public accounting firm	Issuer	For	For
3	Approval of an amendment and restatement of the Arch Coal Inc. 1997 stock incentive plan	Issuer	For	For
4	Section 162(M) approval of Arch Coal Incs incentive compensation plan for executive officers	Issuer	For	For
	Honeywell International Inc	850	HON	438516106	4/26/10
1A-J	Directors recommendations for election	Issuer	For	For all nominees
2	Approval of independent accountants	Issuer	For
3	Amendment to the amended and restated Certificate of Incorporation- Right to call a special meeting of shareowners	Issuer	For	For
4	Advisory vote on executive compensation	Issuer	For	For
5	Shareholder action by written consent	Shareholder	Against	Abstain
6	Independent chairman	Shareholder	Against	Abstain
7	Human rights-develop and adopt policies	Shareholder	Against	Abstain
	The PNC Financial Services Group INC	600	PNC	693475105	4/27/10
1A-Q	Directors recommendations for election	Issuer	For	For all nominees
2	Ratification of the audit committee's selection of Pricewaterhousecoopers LLP as PNC's independent registered public accounting firm for 2010	Issuer	For	For
3	Approval of an advisory vote on executive compensation	Issuer	For	For
4	A shareholder proposal regarding approval of severance agreements, if properly presented before the meeting	Shareholder	Against	Against
5	A shareholder proposal regarding a report of executive compensation that is not tax deductible , if properly presented before the meeting	Shareholder	Against	Against
	Canadian National Railway Company	800	CNI	136375102	4/27/10
1	Directors recommendations for election	Issuer	For	For all nominees
2	Appointment of KPMG LLP as auditors	Issuer	For	For
	Ing Groep N.V.	742	ING	456837103	4/27/10
2C	Annual accounts for 2009	Issuer	For	For
4B	Remuneration policy	Issuer	For	For
5C	ING's implementation of the revised dutch corporate governance code	Issuer	For	For
7A	Discharge of the members of the executive board in respect of the duties performed during the year 2009	Issuer	For	For
8	Composition of the supervisor board: reappointment of Piet Klaver	Issuer	For	For
9A	Authorization to issue ordinary shares with or without pre-emptive rights	Issuer	For	For
9B	Authorization to issue ordinary shares with or without pre-emptive rights in connection with a takeover of a business	Issuer	For	For
10A	Authorization to acquire ordinary shares or depositary receipts for ordinary shares in the company's own capital	Issuer	For	For
10B	Authorization to acquire ordinary shares or depositary receipts for ordinary shares capital in connection with a restructuring	Issuer	For	For
	The Mcgraw-Hill Companies, INC	1,000	MHP	580645	4/28/10
1A-D	Directors recommendations for election	Issuer	For	For all nominees
2A	Vote to amend the restated Certificate of Incorporation to declassify the Board of Directors	Issuer	For	For
2B	Vote to amend the restated Certificate of Incorporation to eliminate related supermajority voting provisions	Issuer	For	For
3A	Vote to amend the restated Certificate of Incorporation to eliminate related supermajority voting for merger or consolidation	Issuer	For	For
3B	Vote to amend the restated Certificate of Incorporation to eliminate supermajority voting for sales, lease, exchange or other disposition of all of the company's assets outside the ordinary course of business	Issuer	For	For
3C	Vote to amend the restated Certificate of Incorporation to eliminate supermajority voting for plan for the exchange of shares	Issuer	For	For
3D	Vote to amend the restated Certificate of Incorporation to eliminate supermajority voting for authorization of dissolution	Issuer	For	For
4	Vote to amend the restated Certificate of Incorporation to eliminate the "fair price" provision	Issuer	For	For
5	Vote to approve the amended and restated 2002 stock incentive plan	Issuer	For	For
6	Vote to ratify Ernst & Young LLP as our independent registered public accounting firm for 2010	Issuer	For	For
7	Shareholder proposal requesting special shareholder meetings	Shareholder	Against	Against
8	Shareholder proposal requesting shareholder action by written consent	Shareholder	Against	Against
	Kimberly-Clark Corporation	625	KMB	494368103	4/29/10
1A-L	Directors recommendations for election	Issuer	For	For all nominees
2	Ratification of auditors	Issuer	For	For
3	Stockholder proposal regarding special shareholders meetings	Stockholder	Against	Abstain
	Lan Airlines S.A.	3,500	LFL	501723100	4/29/10
A	Approval of the annual report, balance sheet, and financial statements of Lan for the fiscal year ending December 31, 2010	Issuer	None	For
B	Approval of the distribution of a definitive dividend to be charged to the earnings of the fiscal year 2009	Issuer	None	For
C	Election of the Board of Directors of Lan	Issuer	None	For
D	Determination of the compensation for the Board of Directors of Lan for the fiscal year 2010	Issuer	None	For
E	Determination of the compensation for the director's committee of Lan and its budget for the fiscal year 2010	Issuer	None	For
F	Appointment of an external audit company for Lan; and reports regarding agencies of Lan; and reports regarding the issues contemplated in title XVI of law 16,046 on corporations	Issuer	None	For
G	Information regarding the cost of processing, printing, and distribution of the information referred to in circular 1,616 of the Chilean Superintendence of Securities and Insurance	Issuer	None	For
H	Determination of the newspaper in which Lan will make its publications	Issuer	None	Abstain
I	Other matters or corporate interest that are to be reviewed by the annual shareholder's meeting	Issuer	None	Abstain
	AT&T	2,600	T	00206R102	4/30/10
1A-L	Directors recommendations for election	Issuer	For	For all nominees
2	Ratification of appointment of independent auditors	Issuer	For	For
3	Cumulative voting	Shareholder	Against	Against
4	Pension credit policy	Shareholder	Against	Against
5	Advisory vote on compensation	Shareholder	Against	Against
6	Special Stockholder meetings	Shareholder	Against	Against
	Pearson PLC	3,100	PSO	705015105	4/30/10
1	Receipt of financial statements	Issuer	For	For
2	Final dividend	Issuer	For	For
3-13	Directors recommendation for election	Issuer	For	For all nominees
14	Approval of report on directors' remuneration	Issuer	For	For
15	Reappointment of auditors	Issuer	For	For
16	Remuneration of auditors	Issuer	For	For
17	Allotment of shares	Issuer	For	For
18	Waiver of pre-emptive rights	Issuer	For	For
19	Authority to purchase own shares	Issuer	For	For
20	Articles of Association	Issuer	For	For
21	Notice of meetings	Issuer	For	For
22	Approval of Share Incentive Plan	Issuer	For	For
	Express Scripts, Inc	500	ESRX	302182100	5/5/10
1A-L	Directors recommendations for election	Issuer	For	For all nominees
2	Ratification of the appointment of Pricewaterhousecoopers LLP as company's independent registered public accountants for 2010	Issuer	For	For
3	Stockholder proposal regarding report on political contributions	Stockholder	Against	Against
4	Stockholder proposal regarding independent board chair	Stockholder	Against	Against
	Glaxosmithkline PLC	500	GSK	3773W105	5/6/10
1	To receive and adopt the directors' report and the financial statements	Issuer	For	For
2	To approve the remuneration report	Issuer	For	For
3-7	Directors recommendations for election	Issuer	For	For all nominees
8	Re-appointment of auditors	Issuer	For	For
9	Remuneration of auditors	Issuer	For	For
10	To authorize the company and its subsidiaries to make donations to political organizations and incur political expenditure	Issuer	For	For
11	Authority to allot shares	Issuer	For	For
12	Disapplication of pre-emptive rights	Issuer	For	For
S13	Authority for the company to purchase it's own shares	Issuer	For	For
14	Exemption from statement of senior statutory auditor's name	Issuer	For	For
S15	Reduced notice of a general meeting other than an AGM	Issuer	For	For
S16	Adopt new Articles of Association	Issuer	For	For
	3M Company	600	MMM	88579Y101	5/11/10
1A-J	Directors recommendations for election	Issuer	For	For all nominees
2	To ratify the appointment of Pricewaterhousecoopers LLP as 3M's independent registered public accounting firm	Issuer	For	For
3	To approve the amended 2008 long-term incentive plan and to approve the expanded performance criteria available under the 2008 long-term incentive plan	Issuer	For	For
4	Stockholder proposal on special meetings	Stockholder	Against	Against
	China Mobile (Hong Kong) Limited	500	CHL	16941M109	5/12/10
1	To receive and consider the audited financial statements and reports of the directors for year ended 31 December 2009	Issuer	For	For
2	To declare a final dividend for the year ended 32 December 2009	Issuer	For	For
3A-D	Directors recommendations for election	Issuer	For	For all nominees
4	To re-appoint Messrs KPMG as auditors and to authorize the directors to fix their remuneration	Issuer	For	For
5	To give a general mandate to the directors to repurchase shares in the company not exceeding ten percent of the aggregate nominal amount of the existing issued share capital	Issuer	For	For
6	To give a general mandate to the directors to issue, allot, and deal with additional shares in the company not exceeding twenty percent of aggregate nominal amount of the existing issued share capital	Issuer	For	For
7	To extend the general mandate granted to the directors to issue, allot, and deal with shares by the number of shares repurchased	Issuer	For	For
	Concophillips	1,250	COP	20825C104	5/12/10
1A-N	Directors recommendation for election	Issuer	For	For all nominees
2	Proposal to ratify appointment of Ernst & Young LP as Concophillips' independent registered public accounting firm for 2010	Issuer	For	For
3	Board risk management oversight	Shareholder	Against	Against
4	Greenhouse gas reduction	Shareholder	Against	Against
5	Oil sands drilling	Shareholder	Against	Against
6	Louisiana wetlands	Shareholder	Against	Against
7	Financial risks of climate change	Shareholder	Against	Against
8	Toxic pollution report	Shareholder	Against	Against
9	Gender expression non-discrimination	Shareholder	Against	Against
10	Political contributions	Shareholder	Against	Against
	Nucor Corporation	800	NUE	670346105	5/13/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	Ratify the appointment of Pricewaterhousecoopers LLP as Nucor's independent registered public accounting firm for the year ending December 31, 2010	Issuer	For	For
3	Approve amendments to Nucor's restated Certificate of Incorporation eliminating the classified structure of the board of directors	Issuer	For	For
4	Approve the 2010 stock option and award plan	Issuer	For	For
5	Stockholder proposal regarding majority vote	Stockholder	Against	Against
6	Stockholder proposal regarding report on political spending	Stockholder	Against	Against
	Idacorp, Inc	900	IDA	45110106	5/20/10
1	Directors recommendations for elections	Issuer	For	For all nominees
2	Ratify the appointment of Deloitte and Touche LLP as Idacorp's independent registered public accounting firm for the fiscal year ending December 31, 2010	Issuer	For	For
3	Re-approve the material terms of the performance goals under the Idacorp 2000 long term incentive and compensation plan for purposes of internal revenue code section 162(M)	Issuer	For	For
4	Approve the Idacorp executive incentive plan for purposes of internal revenue code section 162(M)	Issuer	For	For
	Total S.A.	1,100	TOT	89151E109	5/21/10
1	Approval of parent company financial statements dated December 31, 2009	Issuer	For	For
2	Approval of consolidated financial statements dated December 31, 2009	Issuer	For	For
3	Allocation of earnings, declaration of dividend	Issuer	For	For
4	Agreements covered by article code	Issuer	For	For
5	Commitments under article L.225-42-1 of the French commercial code, concerning Mr. Christophe De Margerie	Issuer	For	For
6	Authorization for the board of Directors to trade in shares of the company	Issuer	For	For
7-9	Directors' recommendation for elections	Issuer	For	For all nominees
13	Renewal of the appointment of Ernst & Young LLP as statutory auditors	Issuer	For	For
14	Renewal of the appointment of KPMG audit (a division of KPMG S.A.) as statutory auditors	Issuer	For	For
15	Appointment of Auditex as alternative auditors	Issuer	For	For
16	Appointment of KPMG Audit is as alternative auditor	Issuer	For	For
E17	Share capital increases with preferential subscription rights	Issuer	For	For
	The Chubb Corporation	750	CB	171232101	5/27/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	To ratify the appointment of Ernst & Young LLP	Issuer	For	For
	Tomkins PLC	750	TKS	890030208	6/1/10
1	Receive the directors' report and financial statements	Issuer	For	For
2	Approve the remuneration committee report	Issuer	For	For
3	Declare a dividend	Issuer	For	For
4	Reappoint Mr. D B Newlands	Issuer	For	For
5	Reappoint the independent auditors	Issuer	For	For
6	Authorize the directors to determine the independent auditors' remuneration	Issuer	For	For
7	Authorize allotment of relevant securities	Issuer	For	For
8	Authorize disapplication of pre-emptive rights	Issuer	For	Abstain
9	Authorize purchase of own shares	Issuer	For	Abstain
10	Adopt new Articles of Association	Issuer	For	Abstain
11	Authorize disapplication of shareholder rights directive provisions relating to notice of general meetings	Issuer	For	Abstain
	Orient-Express Hotels Ltd	1,000	OEH	G67743107	6/3/10
1	Directors recommendations for election	Issuer	For	For all nominees
2	Amendment of the company's 2009 share award and incentive plan to increase the number of class A common shares authorized for issuance under the plan	Issuer	For	For
3	Appointment of Deloitte LLP as the company's independent auditor until the close of the 2011 annual general meeting and authorization of the audit committee of the board of directors to fix the independent auditor's remuneration	Issuer	For	For
	Allegiant Travel Company	1,000	ALGT	01748X102	6/8/10
1	Directors recommendations for election	Issuer	For	For all nominees
2	Ratification of Ernst & Young LLP as independent registered public accountants	Issuer	For	For
	Genzyme Corporation (White proxy)	400	GENZ	372917104	6/16/10
1	Directors recommendation for election	Issuer	For	For all nominees; withhold for Henri A. Termeer
2	A proposal to amend the 2004 equity incentive plan to increase the number of shares of common stock available for issuance under the plan by 1,500,000	Issuer	For	For
3	A proposal to amend the 2009 employee stock repurchase plan to increase the number of shares of common stock available for issuance under the plan by 1,500,000	Issuer	For	For
4	A proposal to amend the 2007 director equity plan to increase the number of shares of common stock available for issuance under the plan by 250,000 shares	Issuer	For	For
5	A proposal to amend the restated Articles of Organization to reduce the percentage of shares required for shareholders to call a special meeting of shareholders from 90 to 40	Issuer	For	For
6	A proposal to ratify the audit committee's selection of independent auditors for 2010	Issuer	For	For
	Genzyme Corporation (Gold proxy)	400	GENZ	372917104	6/16/10
1	Directors recommendation for election	Issuer	For	Withhold for Dr. Steven Burnakoff, Dr. Alexander J Denner, Dr. Richard Mulligan
2	A proposal to amend the 2004 equity incentive plan to increase the number of shares of common stock available for issuance under the plan by 1,500,000	Issuer	For	For
3	A proposal to amend the 2009 employee stock repurchase plan to increase the number of shares of common stock available for issuance under the plan by 1,500,000	Issuer	For	For
4	A proposal to amend the 2007 director equity plan to increase the number of shares of common stock available for issuance under the plan by 250,000 shares	Issuer	For	For
5	A proposal to amend the restated Articles of Organization to reduce the percentage of shares required for shareholders to call a special meeting of shareholders from 90 to 40	Issuer	For	For
6	A proposal to ratify the audit committee's selection of independent auditors for 2010	Issuer	For	For
	Genzyme Corporation	400	GENZ	372917104	6/16/10
1	Directors recommendation for election	Issuer	For	For all nominees
2	A proposal to amend the 2004 equity incentive plan to increase the number of shares of common stock available for issuance under the plan by 1,500,000	Issuer	For	For
3	A proposal to amend the 2009 employee stock repurchase plan to increase the number of shares of common stock available for issuance under the plan by 1,500,000	Issuer	For	For
4	A proposal to amend the 2007 director equity plan to increase the number of shares of common stock available for issuance under the plan by 250,000 shares	Issuer	For	For
5	A proposal to amend the restated Articles of Organization to reduce the percentage of shares required for shareholders to call a special meeting of shareholders from 90 to 40	Issuer	For	For
6	A proposal to ratify the audit committee's selection of independent auditors for 2010	Issuer	For	For
	Nomura Holdings Inc	700	NMR	65535H208	6/25/10
1A-L	Directors recommendations for election	Issuer	For	For all nominees

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 durly authorized.

SATURNA INVESTMENT TRUST

By /s/ Nicholas Kaiser
Nicholas Kaiser, President

Date: August 30, 2010