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: 811-07242

The Cutler Trust

(Exact name of registrant as specified in charter)

525 Bigham Knoll, Jacksonville, OR 97530

(Address of principal executive offices) (Zip code)

Erich M. Patten

Cutler Investment Counsel, LLC

525 Bigham Knoll

Jacksonville, OR 97530

(Name and address of agent for service)

Copies to:

Cassandra Borchers, Esq.

Thompson Hine LLP

312 Walnut Street

20^th Floor

Cincinnati, OH 45202-4089

Registrant's telephone number, including area code: 541-770-9000

Date of fiscal year end: June 30^th

Date of reporting period: 07/01/22 - 06/30/23

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

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

Cutler Equity Fund

Proxy Voting Record

July 1, 2022 – June 30, 2023

Investment Company Report

THE PROCTER & GAMBLE COMPANY

Security

742718109

Meeting Type

Annual

Ticker Symbol

PG

Meeting Date

11-Oct-2022

ISIN

US7427181091

Agenda

935703149 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

ELECTION OF DIRECTOR: B. Marc Allen

Management

1b.

For

For

ELECTION OF DIRECTOR: Angela F. Braly

Management

1c.

For

For

ELECTION OF DIRECTOR: Amy L. Chang

Management

1d.

For

For

ELECTION OF DIRECTOR: Joseph Jimenez

Management

1e.

For

For

ELECTION OF DIRECTOR: Christopher Kempczinski

Management

1f.

For

For

ELECTION OF DIRECTOR: Debra L. Lee

Management

1g.

For

For

ELECTION OF DIRECTOR: Terry J. Lundgren

Management

1h.

For

For

ELECTION OF DIRECTOR: Christine M. McCarthy

Management

1i.

For

For

ELECTION OF DIRECTOR: Jon R. Moeller

Management

1j.

For

For

ELECTION OF DIRECTOR: Rajesh Subramaniam

Management

1k.

For

For

ELECTION OF DIRECTOR: Patricia A. Woertz

Management

2.

For

For

Ratify Appointment of the Independent Registered Public

Accounting Firm

3.

Management

For

For

Advisory Vote to Approve the Company's Executive

Compensation (the "Say on Pay" vote)

MEDTRONIC PLC

Security

G5960L103

Meeting Type

Annual

Ticker Symbol

MDT

Meeting Date

08-Dec-2022

ISIN

IE00BTN1Y115

Agenda

935723610 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director to hold office until the 2023 Annual

General Meeting: Richard H. Anderson

1b.

Management

For

For

Election of Director to hold office until the 2023 Annual

General Meeting: Craig Arnold

Management

1c.

For

For

Election of Director to hold office until the 2023 Annual

General Meeting: Scott C. Donnelly

Management

1d.

For

For

Election of Director to hold office until the 2023 Annual

General Meeting: Lidia L. Fonseca

1e.

Management

For

For

Election of Director to hold office until the 2023 Annual

General Meeting: Andrea J. Goldsmith, Ph.D.

1f.

Management

For

For

Election of Director to hold office until the 2023 Annual

General Meeting: Randall J. Hogan, III

Management

1g.

For

For

Election of Director to hold office until the 2023 Annual

General Meeting: Kevin E. Lofton

Management

For

1h.

Election of Director to hold office until the 2023 Annual

For

General Meeting: Geoffrey S. Martha

1i.

Management

For

For

Election of Director to hold office until the 2023 Annual

General Meeting: Elizabeth G. Nabel, M.D.

Management

1j.

For

For

Election of Director to hold office until the 2023 Annual

General Meeting: Denise M. O'Leary

Management

1k.

For

For

Election of Director to hold office until the 2023 Annual

General Meeting: Kendall J. Powell

2.

Management

For

For

Ratifying, in a non-binding vote, the appointment of

PricewaterhouseCoopers LLP as the Company's

independent auditor for fiscal year 2023 and authorizing,

in a binding vote, the Board of Directors, acting through

the Audit Committee, to set the auditor's remuneration.

3.

Management

For

For

Approving, on an advisory basis, the Company's

executive compensation.

Management

4.

For

For

Renewing the Board of Directors' authority to issue

shares under Irish law.

Management

5.

Renewing the Board of Directors' authority to opt out of

For

For

pre-emption rights under Irish law.

6.

Management

For

For

Authorizing the Company and any subsidiary of the

Company to make overseas market purchases of

Medtronic ordinary shares.

MICROSOFT CORPORATION

Security

594918104

Meeting Type

Annual

Ticker Symbol

MSFT

Meeting Date

13-Dec-2022

ISIN

US5949181045

Agenda

935722567 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Reid G. Hoffman

Management

1b.

For

For

Election of Director: Hugh F. Johnston

Management

1c.

For

For

Election of Director: Teri L. List

Management

1d.

For

For

Election of Director: Satya Nadella

Management

1e.

For

For

Election of Director: Sandra E. Peterson

Management

1f.

For

For

Election of Director: Penny S. Pritzker

Management

1g.

For

For

Election of Director: Carlos A. Rodriguez

Management

1h.

For

For

Election of Director: Charles W. Scharf

Management

1i.

For

For

Election of Director: John W. Stanton

Management

1j.

For

For

Election of Director: John W. Thompson

Management

1k.

For

For

Election of Director: Emma N. Walmsley

Management

1l.

For

For

Election of Director: Padmasree Warrior

Management

2.

For

For

Advisory vote to approve named executive officer

compensation

3.

Management

For

For

Ratification of the Selection of Deloitte & Touche LLP as

our Independent Auditor for Fiscal Year 2023

Shareholder

4.

Against

For

Shareholder Proposal - Cost/Benefit Analysis of Diversity

and Inclusion

Shareholder

5.

Against

For

Shareholder Proposal - Report on Hiring of Persons with

Arrest or Incarceration Records

6.

Shareholder

Against

For

Shareholder Proposal - Report on Investment of

Retirement Funds in Companies Contributing to Climate

Change

7.

Shareholder

Against

For

Shareholder Proposal - Report on Government Use of

Microsoft Technology

Shareholder

8.

Against

For

Shareholder Proposal - Report on Development of

Products for Military

Shareholder

9.

Shareholder Proposal - Report on Tax Transparency

Against

For

BECTON, DICKINSON AND COMPANY

Security

075887109

Meeting Type

Annual

Ticker Symbol

BDX

Meeting Date

24-Jan-2023

ISIN

US0758871091

Agenda

935749789 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1A.

For

For

Election of Director: William M. Brown

Management

1B.

For

For

Election of Director: Catherine M. Burzik

Management

1C.

For

For

Election of Director: Carrie L. Byington

Management

1D.

For

For

Election of Director: R Andrew Eckert

Management

1E.

For

For

Election of Director: Claire M. Fraser

Management

1F.

For

For

Election of Director: Jeffrey W. Henderson

Management

1G.

For

For

Election of Director: Christopher Jones

Management

1H.

For

For

Election of Director: Marshall O. Larsen

Management

1I.

For

For

Election of Director: Thomas E. Polen

Management

1J.

For

For

Election of Director: Timothy M. Ring

Management

1K.

For

For

Election of Director: Bertram L. Scott

Management

2.

For

For

Ratification of the selection of the independent registered

public accounting firm.

3.

Management

For

For

Advisory vote to approve named executive officer

compensation.

Management

4.

1 Year

For

Advisory vote to approve the frequency of named

executive officer compensation advisory votes.

Management

5.

For

For

Approval of amendments to the 2004 Employee and

Director Equity-Based Compensation Plan.

6.

Shareholder

Against

For

A shareholder proposal to require prior shareholder

approval of certain termination payments, if properly

presented at the meeting.

DEERE & COMPANY

Security

244199105

Meeting Type

Annual

Ticker Symbol

DE

Meeting Date

22-Feb-2023

ISIN

US2441991054

Agenda

935755009 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Leanne G. Caret

Management

1b.

For

For

Election of Director: Tamra A. Erwin

Management

1c.

For

For

Election of Director: Alan C. Heuberger

Management

1d.

For

For

Election of Director: Charles O. Holliday, Jr.

Management

1e.

For

For

Election of Director: Michael O. Johanns

Management

1f.

For

For

Election of Director: Clayton M. Jones

Management

1g.

For

For

Election of Director: John C. May

Management

1h.

For

For

Election of Director: Gregory R. Page

Management

1i.

For

For

Election of Director: Sherry M. Smith

Management

1j.

For

For

Election of Director: Dmitri L. Stockton

Management

1k.

For

For

Election of Director: Sheila G. Talton

Management

2.

For

For

Advisory vote to approve executive compensation("say-

on-pay").

3.

Management

1 Year

For

Advisory vote on the frequency of future say-on-pay

votes.

Management

4.

For

For

Ratification of the appointment of Deloitte & Touche LLP

as Deere's independent registered public accounting firm

for fiscal 2023.

Shareholder

5.

Against

For

Shareholder proposal regarding termination pay.

M&T BANK CORPORATION

Security

55261F104

Meeting Type

Annual

Ticker Symbol

MTB

Meeting Date

18-Apr-2023

ISIN

US55261F1049

Agenda

935775873 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: John P. Barnes

1b.

Management

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Robert T. Brady

1c.

Management

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Carlton J. Charles

Management

1d.

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Jane Chwick

Management

1e.

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: William F. Cruger, Jr.

1f.

Management

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: T. Jefferson Cunningham III

1g.

Management

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Gary N. Geisel

Management

1h.

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Leslie V. Godridge

Management

1i.

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: René F. Jones

1j.

Management

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Richard H. Ledgett, Jr.

1k.

Management

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Melinda R. Rich

Management

1l.

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Robert E. Sadler, Jr.

Management

1m.

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Denis J. Salamone

1n.

Management

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: John R. Scannell

1o.

Management

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Rudina Seseri

1p.

Management

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Kirk W. Walters

Management

1q.

For

For

ELECTION OF DIRECTOR FOR ONE-YEAR TERM

AND UNTIL THEIR SUCCESSORS HAVE BEEN

ELECTED AND QUALIFIED: Herbert L. Washington

Management

2.

For

For

TO APPROVE THE 2022 COMPENSATION OF M&T

BANK CORPORATION'S NAMED EXECUTIVE

OFFICERS.

3.

Management

1 Year

For

TO RECOMMEND THE FREQUENCY OF FUTURE

ADVISORY VOTES ON THE COMPENSATION OF M&T

BANK CORPORATION'S NAMED EXECUTIVE

OFFICERS.

4.

Management

For

For

TO APPROVE THE AMENDMENT AND

RESTATEMENT OF THE M&T BANK CORPORATION

2019 EQUITY INCENTIVE COMPENSATION PLAN.

Management

5.

For

For

TO RATIFY THE APPOINTMENT OF

PRICEWATERHOUSECOOPERS LLP AS THE

INDEPENDENT REGISTERED PUBLIC ACCOUNTING

FIRM OF M&T BANK CORPORATION FOR THE YEAR

ENDING DECEMBER 31, 2023.

CARRIER GLOBAL CORPORATION

Security

14448C104

Meeting Type

Annual

Ticker Symbol

CARR

Meeting Date

20-Apr-2023

ISIN

US14448C1045

Agenda

935773336 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Jean-Pierre Garnier

Management

1b.

For

For

Election of Director: David Gitlin

Management

1c.

For

For

Election of Director: John J. Greisch

Management

1d.

For

For

Election of Director: Charles M. Holley, Jr.

Management

1e.

For

For

Election of Director: Michael M. McNamara

Management

1f.

For

For

Election of Director: Susan N. Story

Management

1g.

For

For

Election of Director: Michael A. Todman

Management

1h.

For

For

Election of Director: Virginia M. Wilson

Management

1i.

For

For

Election of Director: Beth A. Wozniak

Management

2.

For

For

Advisory Vote to Approve Named Executive Officer

Compensation.

3.

Management

For

For

Ratify Appointment of PricewaterhouseCoopers LLP to

Serve as Independent Auditor for 2023.

Shareholder

4.

Against

For

Shareowner Proposal regarding independent board

chairman.

INTERNATIONAL BUSINESS MACHINES CORP.

Security

459200101

Meeting Type

Annual

Ticker Symbol

IBM

Meeting Date

25-Apr-2023

ISIN

US4592001014

Agenda

935775405 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director for a Term of One Year: Thomas

Buberl

1b.

Management

For

For

Election of Director for a Term of One Year: David N. Farr

1c.

Management

For

For

Election of Director for a Term of One Year: Alex Gorsky

1d.

Management

For

For

Election of Director for a Term of One Year: Michelle J.

Howard

Management

1e.

For

For

Election of Director for a Term of One Year: Arvind

Krishna

Management

1f.

For

For

Election of Director for a Term of One Year: Andrew N.

Liveris

1g.

Management

For

For

Election of Director for a Term of One Year: F. William

McNabb III

1h.

Management

For

For

Election of Director for a Term of One Year: Martha E.

Pollack

Management

1i.

For

For

Election of Director for a Term of One Year: Joseph R.

Swedish

Management

For

1j.

Election of Director for a Term of One Year: Peter R.

For

Voser

1k.

Management

For

For

Election of Director for a Term of One Year: Frederick H.

Waddell

Management

1l.

For

For

Election of Director for a Term of One Year: Alfred W.

Zollar

Management

2.

For

For

Ratification of Appointment of Independent Registered

Public Accounting Firm.

3.

Management

For

For

Advisory Vote on Executive Compensation.

4.

Management

1 Year

For

Advisory Vote Regarding the Frequency of the Advisory

Vote on Executive Compensation.

Shareholder

5.

Against

For

Stockholder Proposal to Have an Independent Board

Chairman.

Shareholder

6.

Against

For

Stockholder Proposal Requesting a Public Report on

Lobbying Activities.

7.

Shareholder

Against

For

Stockholder Proposal Requesting a Public Report on

Congruency in China Business Operations and ESG

Activities.

8.

Shareholder

Against

For

Stockholder Proposal Requesting a Public Report on

Harassment and Discrimination Prevention Efforts.

NORTHERN TRUST CORPORATION

Security

665859104

Meeting Type

Annual

Ticker Symbol

NTRS

Meeting Date

25-Apr-2023

ISIN

US6658591044

Agenda

935775683 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Linda Walker Bynoe

Management

1b.

For

For

Election of Director: Susan Crown

Management

1c.

For

For

Election of Director: Dean M. Harrison

Management

1d.

For

For

Election of Director: Jay L. Henderson

Management

1e.

For

For

Election of Director: Marcy S. Klevorn

Management

1f.

For

For

Election of Director: Siddharth N. (Bobby) Mehta

Management

1g.

For

For

Election of Director: Michael G. O'Grady

Management

1h.

For

For

Election of Director: Jose Luis Prado

Management

1i.

For

For

Election of Director: Martin P. Slark

Management

1j.

For

For

Election of Director: David H. B. Smith, Jr.

Management

1k.

For

For

Election of Director: Donald Thompson

Management

1l.

For

For

Election of Director: Charles A. Tribbett III

Management

2.

For

For

Approval, by an advisory vote, of the 2022 compensation

of the Corporation's named executive officers.

3.

Management

1 Year

For

Recommendation, by an advisory vote, on the frequency

with which the Corporation should hold advisory votes on

executive compensation.

4.

Management

For

For

Ratification of the appointment of KPMG LLP as the

Corporation's independent registered public accounting

firm for the fiscal year ending December 31, 2023.

THE PNC FINANCIAL SERVICES GROUP, INC.

Security

693475105

Meeting Type

Annual

Ticker Symbol

PNC

Meeting Date

26-Apr-2023

ISIN

US6934751057

Agenda

935773324 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Joseph Alvarado

Management

1b.

For

For

Election of Director: Debra A. Cafaro

Management

1c.

For

For

Election of Director: Marjorie Rodgers Cheshire

Management

1d.

For

For

Election of Director: William S. Demchak

Management

1e.

For

For

Election of Director: Andrew T. Feldstein

Management

1f.

For

For

Election of Director: Richard J. Harshman

Management

1g.

For

For

Election of Director: Daniel R. Hesse

Management

1h.

For

For

Election of Director: Renu Khator

Management

1i.

For

For

Election of Director: Linda R. Medler

Management

1j.

For

For

Election of Director: Robert A. Niblock

Management

1k.

For

For

Election of Director: Martin Pfinsgraff

Management

1l.

For

For

Election of Director: Bryan S. Salesky

Management

1m.

For

For

Election of Director: Toni Townes-Whitley

Management

2.

For

For

Ratification of the Audit Committee's selection of

PricewaterhouseCoopers LLP as PNC's independent

registered public accounting firm for 2023.

3.

Management

For

For

Advisory vote to approve named executive officer

compensation.

4.

Management

1 Year

For

Advisory vote on the frequency of future advisory votes

on executive compensation.

JOHNSON & JOHNSON

Security

478160104

Meeting Type

Annual

Ticker Symbol

JNJ

Meeting Date

27-Apr-2023

ISIN

US4781601046

Agenda

935776813 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Darius Adamczyk

Management

1b.

For

For

Election of Director: Mary C. Beckerle

Management

1c.

For

For

Election of Director: D. Scott Davis

Management

1d.

For

For

Election of Director: Jennifer A. Doudna

Management

1e.

For

For

Election of Director: Joaquin Duato

Management

1f.

For

For

Election of Director: Marillyn A. Hewson

Management

1g.

For

For

Election of Director: Paula A. Johnson

Management

1h.

For

For

Election of Director: Hubert Joly

Management

1I.

For

For

Election of Director: Mark B. McClellan

Management

1j.

For

For

Election of Director: Anne M. Mulcahy

Management

1k.

For

For

Election of Director: Mark A. Weinberger

Management

1l.

For

For

Election of Director: Nadja Y. West

Management

2.

For

For

Advisory Vote to Approve Named Executive Officer

Compensation

3.

Management

1 Year

For

Advisory Vote on the Frequency of Voting to Approve

Named Executive Officer Compensation

Management

4.

For

For

Ratification of Appointment of PricewaterhouseCoopers

LLP as the Independent Registered Public Accounting

Firm

Shareholder

5.

Against

Proposal Withdrawn (Federal Securities Laws Mandatory

Arbitration Bylaw)

6.

Shareholder

Against

For

Vaccine Pricing Report

7.

Shareholder

Against

For

Executive Compensation Adjustment Policy

8.

Shareholder

Against

For

Impact of Extended Patent Exclusivities on Product

Access

TEXAS INSTRUMENTS INCORPORATED

Security

882508104

Meeting Type

Annual

Ticker Symbol

TXN

Meeting Date

27-Apr-2023

ISIN

US8825081040

Agenda

935777120 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Mark A. Blinn

Management

1b.

For

For

Election of Director: Todd M. Bluedorn

Management

1c.

For

For

Election of Director: Janet F. Clark

Management

1d.

For

For

Election of Director: Carrie S. Cox

Management

1e.

For

For

Election of Director: Martin S. Craighead

Management

1f.

For

For

Election of Director: Curtis C. Farmer

Management

1g.

For

For

Election of Director: Jean M. Hobby

Management

1h.

For

For

Election of Director: Haviv Ilan

Management

1i.

For

For

Election of Director: Ronald Kirk

Management

1j.

For

For

Election of Director: Pamela H. Patsley

Management

1k.

For

For

Election of Director: Robert E. Sanchez

Management

1l.

For

For

Election of Director: Richard K. Templeton

Management

2.

For

For

Board proposal to approve amendment and restatement

of the TI Employees 2014 Stock Purchase Plan to extend

the termination date.

3.

Management

1 Year

For

Board proposal regarding advisory vote on the frequency

of future advisory votes on executive compensation.

4.

Management

For

For

Board proposal regarding advisory approval of the

Company's executive compensation.

Management

5.

For

For

Board proposal to ratify the appointment of Ernst &

Young LLP as the Company's independent registered

public accounting firm for 2023.

Shareholder

6.

Stockholder proposal to permit a combined 10% of

Against

For

stockholders to call a special meeting.

7.

Shareholder

Against

For

Stockholder proposal to report on due diligence efforts to

trace end-user misuse of company products.

RAYTHEON TECHNOLOGIES

Security

75513E101

Meeting Type

Annual

Ticker Symbol

RTX

Meeting Date

02-May-2023

ISIN

US75513E1010

Agenda

935780468 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Tracy A. Atkinson

Management

1b.

For

For

Election of Director: Leanne G. Caret

Management

1c.

For

For

Election of Director: Bernard A. Harris, Jr.

Management

1d.

For

For

Election of Director: Gregory J. Hayes

Management

1e.

For

For

Election of Director: George R. Oliver

Management

1f.

For

For

Election of Director: Robert K. (Kelly) Ortberg

Management

1g.

For

For

Election of Director: Dinesh C. Paliwal

Management

1h.

For

For

Election of Director: Ellen M. Pawlikowski

Management

1i.

For

For

Election of Director: Denise L. Ramos

Management

1j.

For

For

Election of Director: Fredric G. Reynolds

Management

1k.

For

For

Election of Director: Brian C. Rogers

Management

1l.

For

For

Election of Director: James A. Winnefeld, Jr.

Management

1m.

For

For

Election of Director: Robert O. Work

Management

2.

For

For

Advisory Vote to Approve Executive Compensation

Management

3.

1 Year

For

Advisory Vote on the Frequency of Shareowner Votes on

Named Executive Officer Compensation

4.

Management

For

For

Appoint PricewaterhouseCoopers LLP to Serve as

Independent Auditor for 2023

Management

5.

For

For

Approve an Amendment to the Restated Certificate of

Incorporation to Repeal Article Ninth

Management

6.

For

For

Approve an Amendment to the Restated Certificate of

Incorporation to Eliminate Personal Liability of Officers for

Monetary Damages for Breach of Fiduciary Duty as an

Officer

Shareholder

7.

Shareowner Proposal Requesting the Board Adopt an

Against

For

Independent Board Chair Policy

8.

Shareholder

Against

For

Shareowner Proposal Requesting a Report on

Greenhouse Gas Reduction Plan

BRISTOL-MYERS SQUIBB COMPANY

Security

110122108

Meeting Type

Annual

Ticker Symbol

BMY

Meeting Date

02-May-2023

ISIN

US1101221083

Agenda

935788286 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1A.

For

For

Election of Director: Peter J. Arduini

Management

1B.

For

For

Election of Director: Deepak L. Bhatt, M.D., M.P.H.

Management

1C.

For

For

Election of Director: Giovanni Caforio, M.D.

Management

1D.

For

For

Election of Director: Julia A. Haller, M.D.

Management

1E.

For

For

Election of Director: Manuel Hidalgo Medina, M.D., Ph.D.

Management

1F.

For

For

Election of Director: Paula A. Price

Management

1G.

For

For

Election of Director: Derica W. Rice

Management

1H.

For

For

Election of Director: Theodore R. Samuels

Management

1I.

For

For

Election of Director: Gerald L. Storch

Management

1J.

For

For

Election of Director: Karen H. Vousden, Ph.D.

Management

1K.

For

For

Election of Director: Phyllis R. Yale

Management

2.

For

For

Advisory Vote to Approve the Compensation of our

Named Executive Officers.

3.

Management

1 Year

For

Advisory Vote on the Frequency of the Advisory Vote on

the Compensation of our Named Executive Officers.

Management

4.

For

For

Ratification of the Appointment of an Independent

Registered Public Accounting Firm.

Shareholder

5.

Against

For

Shareholder Proposal on the Adoption of a Board Policy

that the Chairperson of the Board be an Independent

Director.

6.

Shareholder

Against

For

Shareholder Proposal on Workplace Non-Discrimination

Audit.

7.

Shareholder

Against

For

Shareholder Proposal on Special Shareholder Meeting

Improvement.

PEPSICO, INC.

Security

713448108

Meeting Type

Annual

Ticker Symbol

PEP

Meeting Date

03-May-2023

ISIN

US7134481081

Agenda

935784795 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Segun Agbaje

Management

1b.

For

For

Election of Director: Jennifer Bailey

Management

1c.

For

For

Election of Director: Cesar Conde

Management

1d.

For

For

Election of Director: Ian Cook

Management

1e.

For

For

Election of Director: Edith W. Cooper

Management

1f.

For

For

Election of Director: Susan M. Diamond

Management

1g.

For

For

Election of Director: Dina Dublon

Management

1h.

For

For

Election of Director: Michelle Gass

Management

1i.

For

For

Election of Director: Ramon L. Laguarta

Management

1j.

For

For

Election of Director: Dave J. Lewis

Management

1k.

For

For

Election of Director: David C. Page

Management

1l.

For

For

Election of Director: Robert C. Pohlad

Management

1m.

For

For

Election of Director: Daniel Vasella

Management

1n.

For

For

Election of Director: Darren Walker

Management

1o.

For

For

Election of Director: Alberto Weisser

Management

2.

For

For

Ratification of the appointment of KPMG LLP as the

Company's independent registered public accounting firm

for fiscal year 2023.

3.

Management

For

For

Advisory approval of the Company's executive

compensation

4.

Management

1 Year

For

Advisory vote on frequency of future shareholder

advisory approval of the Company's executive

compensation.

Shareholder

5.

Against

For

Shareholder Proposal - Independent Board Chair.

Shareholder

6.

Against

For

Shareholder Proposal - Global Transparency Report.

Shareholder

7.

Against

For

Shareholder Proposal - Report on Impacts of

Reproductive Healthcare Legislation

Shareholder

8.

Shareholder Proposal - Congruency Report on Net-Zero

Against

For

Emissions Policies.

VERIZON COMMUNICATIONS INC.

Security

92343V104

Meeting Type

Annual

Ticker Symbol

VZ

Meeting Date

11-May-2023

ISIN

US92343V1044

Agenda

935790700 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1A.

For

For

Election of Director: Shellye Archambeau

Management

1B.

For

For

Election of Director: Roxanne Austin

Management

1C.

For

For

Election of Director: Mark Bertolini

Management

1D.

For

For

Election of Director: Vittorio Colao

Management

1E.

For

For

Election of Director: Melanie Healey

Management

1F.

For

For

Election of Director: Laxman Narasimhan

Management

1G.

For

For

Election of Director: Clarence Otis, Jr.

Management

1H.

For

For

Election of Director: Daniel Schulman

Management

1I.

For

For

Election of Director: Rodney Slater

Management

1J.

For

For

Election of Director: Carol Tomé

Management

1K.

For

For

Election of Director: Hans Vestberg

Management

1L.

For

For

Election of Director: Gregory Weaver

Management

2.

For

For

Advisory vote to approve executive compensation

Management

3.

1 Year

For

Advisory vote on the frequency of future advisory votes to

approve executive compensation

4.

Management

For

For

Ratification of appointment of independent registered

public accounting firm

Shareholder

5.

Against

For

Government requests to remove content

Shareholder

6.

Against

For

Prohibit political contributions

Shareholder

7.

Against

For

Amend clawback policy

Shareholder

8.

Against

For

Shareholder ratification of annual equity awards

Shareholder

9.

Against

For

Independent chair

INTEL CORPORATION

Security

458140100

Meeting Type

Annual

Ticker Symbol

INTC

Meeting Date

11-May-2023

ISIN

US4581401001

Agenda

935793631 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Patrick P. Gelsinger

Management

1b.

For

For

Election of Director: James J. Goetz

Management

1c.

For

For

Election of Director: Andrea J. Goldsmith

Management

1d.

For

For

Election of Director: Alyssa H. Henry

Management

1e.

For

For

Election of Director: Omar Ishrak

Management

1f.

For

For

Election of Director: Risa Lavizzo-Mourey

Management

1g.

For

For

Election of Director: Tsu-Jae King Liu

Management

1h.

For

For

Election of Director: Barbara G. Novick

Management

1i.

For

For

Election of Director: Gregory D. Smith

Management

1j.

For

For

Election of Director: Lip-Bu Tan

Management

1k.

For

For

Election of Director: Dion J. Weisler

Management

1l.

For

For

Election of Director: Frank D. Yeary

Management

2.

For

For

Ratification of selection of Ernst & Young LLP as our

independent registered public accounting firm for 2023.

3.

Management

For

For

Advisory vote to approve executive compensation of our

named executive officers.

Management

4.

For

For

Approval of amendment and restatement of the 2006

Equity Incentive Plan.

Management

5.

1 Year

For

Advisory vote on the frequency of holding future advisory

votes to approve executive compensation of our named

executive officers.

6.

Shareholder

Against

For

Stockholder proposal requesting an executive stock

retention period policy and reporting, if properly

presented at the meeting.

7.

Shareholder

Against

For

Stockholder proposal requesting commission and

publication of a third party review of Intel's China

business ESG congruence, if properly presented at the

meeting.

REPUBLIC SERVICES, INC.

Security

760759100

Meeting Type

Annual

Ticker Symbol

RSG

Meeting Date

12-May-2023

ISIN

US7607591002

Agenda

935800169 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Manuel Kadre

Management

1b.

For

For

Election of Director: Tomago Collins

Management

1c.

For

For

Election of Director: Michael A. Duffy

Management

1d.

For

For

Election of Director: Thomas W. Handley

Management

1e.

For

For

Election of Director: Jennifer M. Kirk

Management

1f.

For

For

Election of Director: Michael Larson

Management

1g.

For

For

Election of Director: James P. Snee

Management

1h.

For

For

Election of Director: Brian S. Tyler

Management

1i.

For

For

Election of Director: Jon Vander Ark

Management

1j.

For

For

Election of Director: Sandra M. Volpe

Management

1k.

For

For

Election of Director: Katharine B. Weymouth

Management

2.

For

For

Advisory vote to approve our named executive officer

compensation.

3.

Management

1 Year

For

Advisory vote on the frequency of an advisory vote to

approve our Named Executive Officer Compensation.

Management

4.

For

For

Ratification of the appointment of Ernst & Young LLP as

our independent registered public accounting firm for

2023.

JPMORGAN CHASE & CO.

Security

46625H100

Meeting Type

Annual

Ticker Symbol

JPM

Meeting Date

16-May-2023

ISIN

US46625H1005

Agenda

935797223 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Linda B. Bammann

Management

1b.

For

For

Election of Director: Stephen B. Burke

Management

1c.

For

For

Election of Director: Todd A. Combs

Management

1d.

For

For

Election of Director: James S. Crown

Management

1e.

For

For

Election of Director: Alicia Boler Davis

Management

1f.

For

For

Election of Director: James Dimon

Management

1g.

For

For

Election of Director: Timothy P. Flynn

Management

1h.

For

For

Election of Director: Alex Gorsky

Management

1i.

Against

Against

Election of Director: Mellody Hobson

Management

1j.

For

For

Election of Director: Michael A. Neal

Management

1k.

For

For

Election of Director: Phebe N. Novakovic

Management

1l.

For

For

Election of Director: Virginia M. Rometty

Management

2.

For

For

Advisory resolution to approve executive compensation

Management

3.

1 Year

For

Advisory vote on frequency of advisory resolution to

approve executive compensation

4.

Management

For

For

Ratification of independent registered public accounting

firm

Shareholder

5.

Against

For

Independent board chairman

Shareholder

6.

Against

For

Fossil fuel phase out

Shareholder

7.

Against

For

Amending public responsibility committee charter to

include mandate to oversee animal welfare impact and

risk

Shareholder

8.

Against

For

Special shareholder meeting improvement

Shareholder

9.

Against

For

Report on climate transition planning

Shareholder

10.

Against

For

Report on ensuring respect for civil liberties

Shareholder

11.

Against

For

Report analyzing the congruence of the company's

political and electioneering expenditures

12.

Shareholder

Against

For

Absolute GHG reduction goals

THE HOME DEPOT, INC.

Security

437076102

Meeting Type

Annual

Ticker Symbol

HD

Meeting Date

18-May-2023

ISIN

US4370761029

Agenda

935795659 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Gerard J. Arpey

Management

1b.

For

For

Election of Director: Ari Bousbib

Management

1c.

For

For

Election of Director: Jeffery H. Boyd

Management

1d.

For

For

Election of Director: Gregory D. Brenneman

Management

1e.

For

For

Election of Director: J. Frank Brown

Management

1f.

For

For

Election of Director: Albert P. Carey

Management

1g.

For

For

Election of Director: Edward P. Decker

Management

1h.

For

For

Election of Director: Linda R. Gooden

Management

1i.

For

For

Election of Director: Wayne M. Hewett

Management

1j.

For

For

Election of Director: Manuel Kadre

Management

1k.

For

For

Election of Director: Stephanie C. Linnartz

Management

1l.

For

For

Election of Director: Paula Santilli

Management

1m.

For

For

Election of Director: Caryn Seidman-Becker

Management

2.

For

For

Ratification of the Appointment of KPMG LLP

Management

3.

For

For

Advisory Vote to Approve Executive Compensation

("Say-on-Pay")

4.

Management

1 Year

For

Advisory Vote on the Frequency of Future Say-on-Pay

Votes

Shareholder

5.

Against

For

Shareholder Proposal Regarding Amendment of

Shareholder Written Consent Right

Shareholder

6.

Against

For

Shareholder Proposal Regarding Independent Board

Chair

7.

Shareholder

Against

For

Shareholder Proposal Regarding Political Contributions

Congruency Analysis

8.

Shareholder

Against

For

Shareholder Proposal Regarding Rescission of Racial

Equity Audit Proposal Vote

Shareholder

9.

Against

For

Shareholder Proposal Regarding Senior Management

Commitment to Avoid Political Speech

UNION PACIFIC CORPORATION

Security

907818108

Meeting Type

Annual

Ticker Symbol

UNP

Meeting Date

18-May-2023

ISIN

US9078181081

Agenda

935805703 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: William J. DeLaney

Management

1b.

For

For

Election of Director: David B. Dillon

Management

1c.

For

For

Election of Director: Sheri H. Edison

Management

1d.

For

For

Election of Director: Teresa M. Finley

Management

1e.

For

For

Election of Director: Lance M. Fritz

Management

1f.

For

For

Election of Director: Deborah C. Hopkins

Management

1g.

For

For

Election of Director: Jane H. Lute

Management

1h.

For

For

Election of Director: Michael R. McCarthy

Management

1i.

For

For

Election of Director: Jose H. Villarreal

Management

1j.

For

For

Election of Director: Christopher J. Williams

Management

2.

For

For

Ratification of the appointment of Deloitte & Touche LLP

as the independent registered public accounting firm of

the Company for 2023.

3.

Management

For

For

An advisory vote to approve executive compensation

("Say On Pay").

4.

Management

1 Year

For

An advisory vote on the frequency of future advisory

votes on executive compensation ("Say on Frequency").

Shareholder

5.

Against

For

Shareholder proposal regarding independent board

chairman.

6.

Shareholder

Against

For

Shareholder proposal requesting an amendment to our

Bylaws to require shareholder approval for certain future

amendments.

7.

Shareholder

Against

For

Shareholder proposal requesting a paid sick leave policy.

THE CHARLES SCHWAB CORPORATION

Security

808513105

Meeting Type

Annual

Ticker Symbol

SCHW

Meeting Date

18-May-2023

ISIN

US8085131055

Agenda

935809523 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of director: Marianne C. Brown

Management

1b.

For

For

Election of director: Frank C. Herringer

Management

1c.

For

For

Election of director: Gerri K. Martin-Flickinger

Management

1d.

For

For

Election of director: Todd M. Ricketts

Management

1e.

For

For

Election of director: Carolyn Schwab-Pomerantz

Management

2.

For

For

Ratification of the selection of Deloitte & Touche LLP as

independent auditors

3.

Management

For

For

Advisory vote to approve named executive officer

compensation

Management

4.

1 Year

For

Frequency of advisory vote on named executive officer

compensation

Shareholder

5.

Against

For

Stockholder Proposal requesting pay equity disclosure

Shareholder

6.

Against

For

Stockholder Proposal requesting company report on

discrimination risk oversight and impact

MERCK & CO., INC.

Security

58933Y105

Meeting Type

Annual

Ticker Symbol

MRK

Meeting Date

23-May-2023

ISIN

US58933Y1055

Agenda

935809080 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Douglas M. Baker, Jr.

Management

1b.

For

For

Election of Director: Mary Ellen Coe

Management

1c.

For

For

Election of Director: Pamela J. Craig

Management

1d.

For

For

Election of Director: Robert M. Davis

Management

1e.

For

For

Election of Director: Thomas H. Glocer

Management

1f.

For

For

Election of Director: Risa J. Lavizzo-Mourey, M.D.

Management

1g.

For

For

Election of Director: Stephen L. Mayo, Ph.D.

Management

1h.

For

For

Election of Director: Paul B. Rothman, M.D.

Management

1i.

For

For

Election of Director: Patricia F. Russo

Management

1j.

For

For

Election of Director: Christine E. Seidman, M.D.

Management

1k.

For

For

Election of Director: Inge G. Thulin

Management

1l.

For

For

Election of Director: Kathy J. Warden

Management

1m.

For

For

Election of Director: Peter C. Wendell

Management

2.

For

For

Non-binding advisory vote to approve the compensation

of our named executive officers.

3.

Management

1 Year

For

Non-binding advisory vote to approve the frequency of

future votes to approve the compensation of our named

executive officers.

4.

Management

For

For

Ratification of the appointment of the Company's

independent registered public accounting firm for 2023.

Shareholder

5.

Against

For

Shareholder proposal regarding business operations in

China.

6.

Shareholder

Against

For

Shareholder proposal regarding access to COVID-19

products.

7.

Shareholder

Against

For

Shareholder proposal regarding indirect political

spending.

Shareholder

8.

Against

For

Shareholder proposal regarding patents and access.

Shareholder

9.

Against

For

Shareholder proposal regarding a congruency report of

partnerships with globalist organizations.

Shareholder

10.

Shareholder proposal regarding an independent board

Against

For

chairman.

DUPONT DE NEMOURS, INC.

Security

26614N102

Meeting Type

Annual

Ticker Symbol

DD

Meeting Date

24-May-2023

ISIN

US26614N1028

Agenda

935808444 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Amy G. Brady

Management

1b.

For

For

Election of Director: Edward D. Breen

Management

1c.

For

For

Election of Director: Ruby R. Chandy

Management

1d.

For

For

Election of Director: Terrence R. Curtin

Management

1e.

For

For

Election of Director: Alexander M. Cutler

Management

1f.

For

For

Election of Director: Eleuthère I. du Pont

Management

1g.

For

For

Election of Director: Kristina M. Johnson

Management

1h.

For

For

Election of Director: Luther C. Kissam

Management

1i.

For

For

Election of Director: Frederick M. Lowery

Management

1j.

For

For

Election of Director: Raymond J. Milchovich

Management

1k.

For

For

Election of Director: Deanna M. Mulligan

Management

1l.

For

For

Election of Director: Steven M. Sterin

Management

2.

For

For

Advisory Resolution to Approve Executive Compensation

Management

3.

For

For

Ratification of the appointment of

PricewaterhouseCoopers LLP as the Company's

independent registered public accounting firm for 2023

4.

Shareholder

Against

For

Independent Board Chair

BLACKROCK, INC.

Security

09247X101

Meeting Type

Annual

Ticker Symbol

BLK

Meeting Date

24-May-2023

ISIN

US09247X1019

Agenda

935821000 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Bader M. Alsaad

Management

1b.

For

For

Election of Director: Pamela Daley

Management

1c.

For

For

Election of Director: Laurence D. Fink

Management

1d.

For

For

Election of Director: William E. Ford

Management

1e.

For

For

Election of Director: Fabrizio Freda

Management

1f.

For

For

Election of Director: Murry S. Gerber

Management

1g.

For

For

Election of Director: Margaret "Peggy" L. Johnson

Management

1h.

For

For

Election of Director: Robert S. Kapito

Management

1i.

For

For

Election of Director: Cheryl D. Mills

Management

1j.

For

For

Election of Director: Gordon M. Nixon

Management

1k.

For

For

Election of Director: Kristin C. Peck

Management

1l.

For

For

Election of Director: Charles H. Robbins

Management

1m.

For

For

Election of Director: Marco Antonio Slim Domit

Management

1n.

For

For

Election of Director: Hans E. Vestberg

Management

1o.

For

For

Election of Director: Susan L. Wagner

Management

1p.

For

For

Election of Director: Mark Wilson

Management

2.

For

For

Approval, in a non-binding advisory vote, of the

compensation for named executive officers.

3.

Management

1 Year

For

Approval, in a non-binding advisory vote, of the frequency

of future executive compensation advisory votes.

Management

4.

For

For

Ratification of the appointment of Deloitte LLP as

BlackRock's independent registered public accounting

firm for the fiscal year 2023.

Shareholder

5.

Against

For

Shareholder Proposal - Civil rights, non-discrimination

and returns to merit audit.

6.

Shareholder

Against

For

Shareholder Proposal - Production of a report on

BlackRock's ability to "engineer decarbonization in the

real economy".

7.

Shareholder

Against

For

Shareholder Proposal - Impact report for climate-related

human risks of iShares U.S. Aerospace and Defense

Exchange-Traded Fund.

MCDONALD'S CORPORATION

Security

580135101

Meeting Type

Annual

Ticker Symbol

MCD

Meeting Date

25-May-2023

ISIN

US5801351017

Agenda

935819788 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director to serve until the 2024 Annual

Meeting: Anthony Capuano

1b.

Management

For

For

Election of Director to serve until the 2024 Annual

Meeting: Kareem Daniel

Management

1c.

For

For

Election of Director to serve until the 2024 Annual

Meeting: Lloyd Dean

Management

1d.

For

For

Election of Director to serve until the 2024 Annual

Meeting: Catherine Engelbert

1e.

Management

For

For

Election of Director to serve until the 2024 Annual

Meeting: Margaret Georgiadis

1f.

Management

For

For

Election of Director to serve until the 2024 Annual

Meeting: Enrique Hernandez, Jr.

Management

1g.

For

For

Election of Director to serve until the 2024 Annual

Meeting: Christopher Kempczinski

Management

For

1h.

Election of Director to serve until the 2024 Annual

For

Meeting: Richard Lenny

1i.

Management

For

For

Election of Director to serve until the 2024 Annual

Meeting: John Mulligan

Management

1j.

For

For

Election of Director to serve until the 2024 Annual

Meeting: Jennifer Taubert

Management

1k.

For

For

Election of Director to serve until the 2024 Annual

Meeting: Paul Walsh

1l.

Management

For

For

Election of Director to serve until the 2024 Annual

Meeting: Amy Weaver

Management

1m.

For

For

Election of Director to serve until the 2024 Annual

Meeting: Miles White

Management

2.

For

For

Advisory vote to approve executive compensation.

Management

3.

1 Year

For

Advisory vote on the frequency of future advisory votes

on executive compensation.

4.

Management

For

For

Advisory vote to ratify the appointment of Ernst & Young

LLP as independent auditor for 2023.

5.

Shareholder

Against

For

Advisory Vote on Adoption of Antibiotics Policy (1 of 2).

6.

Shareholder

Against

For

Advisory Vote on Adoption of Antibiotics Policy (2 of 2).

7.

Shareholder

Against

For

Advisory Vote on Annual Report on "Communist China."

8.

Shareholder

Against

For

Advisory Vote on Civil Rights & Returns to Merit Audit.

9.

Shareholder

Against

For

Advisory Vote on Annual Report on Lobbying Activities.

10.

Shareholder

Against

For

Advisory Vote on Annual Report on Global Political

Influence.

11.

Shareholder

Against

For

Advisory Vote on Poultry Welfare Disclosure.

EXXON MOBIL CORPORATION

Security

30231G102

Meeting Type

Annual

Ticker Symbol

XOM

Meeting Date

31-May-2023

ISIN

US30231G1022

Agenda

935823977 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Michael J. Angelakis

Management

1b.

For

For

Election of Director: Susan K. Avery

Management

1c.

For

For

Election of Director: Angela F. Braly

Management

1d.

For

For

Election of Director: Gregory J. Goff

Management

1e.

For

For

Election of Director: John D. Harris II

Management

1f.

For

For

Election of Director: Kaisa H. Hietala

Management

1g.

For

For

Election of Director: Joseph L. Hooley

Management

1h.

For

For

Election of Director: Steven A. Kandarian

Management

1i.

For

For

Election of Director: Alexander A. Karsner

Management

1j.

For

For

Election of Director: Lawrence W. Kellner

Management

1k.

For

For

Election of Director: Jeffrey W. Ubben

Management

1l.

For

For

Election of Director: Darren W. Woods

Management

2.

For

For

Ratification of Independent Auditors

Management

3.

For

For

Advisory Vote to Approve Executive Compensation

Management

4.

1 Year

For

Frequency of Advisory Vote on Executive Compensation

Shareholder

5.

Against

For

Establish a New Board Committee on Decarbonization

Risk

6.

Shareholder

Against

For

Reduce Executive Stock Holding Period

7.

Shareholder

Against

For

Additional Carbon Capture and Storage and Emissions

Report

Shareholder

8.

Against

For

Additional Direct Methane Measurement

Shareholder

9.

Against

For

Establish a Scope 3 Target and Reduce Hydrocarbon

Sales

Shareholder

10.

For

Against

Additional Report on Worst-case Spill and Response

Plans

11.

Shareholder

Against

For

GHG Reporting on Adjusted Basis

12.

Shareholder

Against

For

Report on Asset Retirement Obligations Under IEA NZE

Scenario

13.

Shareholder

For

Against

Report on Plastics Under SCS Scenario

14.

Shareholder

Against

For

Litigation Disclosure Beyond Legal and Accounting

Requirements

Shareholder

15.

Against

For

Tax Reporting Beyond Legal Requirements

Shareholder

16.

Against

For

Energy Transition Social Impact Report

17.

Shareholder

Against

For

Report on Commitment Against AMAP Work

CHEVRON CORPORATION

Security

166764100

Meeting Type

Annual

Ticker Symbol

CVX

Meeting Date

31-May-2023

ISIN

US1667641005

Agenda

935829284 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Wanda M. Austin

Management

1b.

For

For

Election of Director: John B. Frank

Management

1c.

For

For

Election of Director: Alice P. Gast

Management

1d.

For

For

Election of Director: Enrique Hernandez, Jr.

Management

1e.

For

For

Election of Director: Marillyn A. Hewson

Management

1f.

For

For

Election of Director: Jon M. Huntsman Jr.

Management

1g.

For

For

Election of Director: Charles W. Moorman

Management

1h.

For

For

Election of Director: Dambisa F. Moyo

Management

1i.

For

For

Election of Director: Debra Reed-Klages

Management

1j.

For

For

Election of Director: D. James Umpleby III

Management

1k.

For

For

Election of Director: Cynthia J. Warner

Management

1l.

For

For

Election of Director: Michael K. Wirth

Management

2.

For

For

Ratification of Appointment of PricewaterhouseCoopers

LLP as the Independent Registered Public Accounting

Firm

3.

Management

For

For

Advisory Vote to Approve Named Executive Officer

Compensation

4.

Management

1 Year

For

Advisory Vote on the Frequency of Future Advisory Votes

on Named Executive Officer Compensation

Shareholder

5.

Against

For

Rescind the 2021 "Reduce Scope 3 Emissions"

Stockholder Proposal

6.

Shareholder

Against

For

Set a Medium-Term Scope 3 GHG Emissions Reduction

Target

7.

Shareholder

For

Against

Recalculate Emissions Baseline to Exclude Emissions

from Material Divestitures

Shareholder

8.

Against

For

Establish Board Committee on Decarbonization Risk

Shareholder

9.

Against

For

Report on Worker and Community Impact from Facility

Closures and Energy Transitions

Shareholder

10.

Report on Racial Equity Audit

Against

For

Shareholder

11.

Report on Tax Practices

Against

For

Shareholder

12.

Independent Chair

Against

For

WALMART INC.

Security

931142103

Meeting Type

Annual

Ticker Symbol

WMT

Meeting Date

31-May-2023

ISIN

US9311421039

Agenda

935833144 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Cesar Conde

Management

1b.

For

For

Election of Director: Timothy P. Flynn

Management

1c.

For

For

Election of Director: Sarah J. Friar

Management

1d.

For

For

Election of Director: Carla A. Harris

Management

1e.

For

For

Election of Director: Thomas W. Horton

Management

1f.

For

For

Election of Director: Marissa A. Mayer

Management

1g.

For

For

Election of Director: C. Douglas McMillon

Management

1h.

For

For

Election of Director: Gregory B. Penner

Management

1i.

For

For

Election of Director: Randall L. Stephenson

Management

1j.

For

For

Election of Director: S. Robson Walton

Management

1k.

For

For

Election of Director: Steuart L. Walton

Management

2.

1 Year

For

Advisory Vote on the Frequency of Future Say-On-Pay

Votes.

3.

Management

For

For

Advisory Vote to Approve Named Executive Officer

Compensation.

Management

4.

For

For

Ratification of Ernst & Young LLP as Independent

Accountants.

Shareholder

5.

Against

For

Policy Regarding Worker Pay in Executive

Compensation.

6.

Shareholder

Against

For

Report on Human Rights Due Diligence.

7.

Shareholder

Against

For

Racial Equity Audit.

8.

Shareholder

Against

For

Racial and Gender Layoff Diversity Report.

9.

Shareholder

Against

For

Request to Require Shareholder Approval of Certain

Future Bylaw Amendments.

10.

Shareholder

Against

For

Report on Reproductive Rights and Data Privacy.

11.

Shareholder

Against

For

Communist China Risk Audit.

12.

Shareholder

Against

For

Workplace Safety & Violence Review.

COMCAST CORPORATION

Security

20030N101

Meeting Type

Annual

Ticker Symbol

CMCSA

Meeting Date

07-Jun-2023

ISIN

US20030N1019

Agenda

935845492 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1.

DIRECTOR

1

For

Kenneth J. Bacon

For

2

For

Thomas J. Baltimore Jr.

For

3

For

Madeline S. Bell

For

4

For

Edward D. Breen

For

5

For

Gerald L. Hassell

For

6

For

Jeffrey A. Honickman

For

7

For

Maritza G. Montiel

For

8

For

Asuka Nakahara

For

9

For

David C. Novak

For

10

For

Brian L. Roberts

For

Management

2.

For

For

Ratification of the appointment of our independent

auditors.

3.

Management

For

For

Approval of Comcast Corporation 2023 Omnibus Equity

Incentive Plan.

Management

4.

For

For

Approval of Amended and Restated Comcast

Corporation 2002 Employee Stock Purchase Plan.

Management

5.

For

For

Advisory vote on executive compensation.

Management

6.

1 Year

For

Advisory vote on the frequency of the vote on executive

compensation.

7.

Shareholder

Against

For

To perform independent racial equity audit.

8.

Shareholder

Against

For

To report on climate risk in default retirement plan

options.

9.

Shareholder

Against

For

To set different greenhouse gas emissions reduction

targets.

Shareholder

10.

Against

For

To report on political contributions and company values

alignment.

Shareholder

11.

To report on business in China.

Against

For

CATERPILLAR INC.

Security

149123101

Meeting Type

Annual

Ticker Symbol

CAT

Meeting Date

14-Jun-2023

ISIN

US1491231015

Agenda

935854794 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Kelly A. Ayotte

Management

1b.

For

For

Election of Director: David L. Calhoun

Management

1c.

For

For

Election of Director: Daniel M. Dickinson

Management

1d.

For

For

Election of Director: James C. Fish, Jr.

Management

1e.

For

For

Election of Director: Gerald Johnson

Management

1f.

For

For

Election of Director: David W. MacLennan

Management

1g.

For

For

Election of Director: Judith F. Marks

Management

1h.

For

For

Election of Director: Debra L. Reed-Klages

Management

1i.

For

For

Election of Director: Susan C. Schwab

Management

1j.

For

For

Election of Director: D. James Umpleby III

Management

1k.

For

For

Election of Director: Rayford Wilkins, Jr.

Management

2.

For

For

Ratification of our Independent Registered Public

Accounting Firm.

3.

Management

For

For

Advisory Vote to Approve Executive Compensation.

4.

Management

1 Year

For

Advisory Vote on the Frequency of Executive

Compensation Votes.

Management

5.

For

For

Approval of Caterpillar Inc. 2023 Long-Term Incentive

Plan.

Shareholder

6.

Against

For

Shareholder Proposal - Report on Corporate Climate

Lobbying in Line with Paris Agreement.

7.

Shareholder

Against

For

Shareholder Proposal - Lobbying Disclosure.

8.

Shareholder

Against

For

Shareholder Proposal - Report on Activities in Conflict-

Affected Areas.

9.

Shareholder

Against

For

Shareholder Proposal - Civil Rights, Non-Discrimination

and Returns to Merit Audit.

THE KROGER CO.

Security

501044101

Meeting Type

Annual

Ticker Symbol

KR

Meeting Date

22-Jun-2023

ISIN

US5010441013

Agenda

935864579 - Management

Proposed

Item

Vote

For/Against

Proposal

by

Management

Management

1a.

For

For

Election of Director: Nora A. Aufreiter

Management

1b.

For

For

Election of Director: Kevin M. Brown

Management

1c.

For

For

Election of Director: Elaine L. Chao

Management

1d.

For

For

Election of Director: Anne Gates

Management

1e.

For

For

Election of Director: Karen M. Hoguet

Management

1f.

For

For

Election of Director: W. Rodney McMullen

Management

1g.

For

For

Election of Director: Clyde R. Moore

Management

1h.

For

For

Election of Director: Ronald L. Sargent

Management

1i.

For

For

Election of Director: J. Amanda Sourry Knox

Management

1j.

For

For

Election of Director: Mark S. Sutton

Management

1k.

For

For

Election of Director: Ashok Vemuri

Management

2.

For

For

Approval, on an advisory basis, of Kroger's executive

compensation.

3.

Management

1 Year

For

Advisory Vote on Frequency of Future Votes on

Executive Compensation.

Management

4.

For

For

Ratification of PricewaterhouseCoopers LLP, as auditors.

Shareholder

5.

Against

For

Report on Public Health Costs from Sale of Tobacco

Products.

Shareholder

6.

Against

For

Listing of Charitable Contributions of $10,000 or More.

Shareholder

7.

Against

For

Report on Recyclability of Packaging.

Shareholder

8.

Against

For

Report on Racial and Gender Pay Gaps.

Shareholder

9.

Against

For

Report on EEO Policy Risks.

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 Cutler Trust

                                                                                                   By: /s/ Erich M. Patten

Erich M. Patten, President

Date: August 21, 2023