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 811-08360

GUINNESS ATKINSON FUNDS

(Exact name of registrant as specified in charter)

21550 Oxnard Street, Suite 750

Woodland Hills, CA 91367

(Address of principal executive offices) (Zip code)

James J. Atkinson Jr.

21550 Oxnard Street, Suite 750

Woodland Hills, CA 91367

(Name and address of agent for service)

Registrant's telephone number, including area code: (800) 915-6566

Date of fiscal year end: December 31

Date of reporting period: June 30, 2005

Item 1. Proxy Voting Record.

ASIA FOCUS FUND

Advanced Info Service PCL		Shares Voted	155,000
Meeting Date	3/30/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Open Meeting
2	Approve Minutes of Previous AGM		Mgmt	For	For
3	Accept Directors' Report		Mgmt	For	For
4	Accept Financial Statements and Statutory Reports		Mgmt	For	For
5	Approve PricewaterhouseCoopers ABAS Limited as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve Allocation of Income and Final Dividend of Baht 2.60 per Share		Mgmt	For	For
7	Elect Directors and Fix Their Remuneration		Mgmt	For	For
8	Approve Issuance of 9.79 Million Units of Warrants to Directors, Employees, and Advisors of the Company		Mgmt	For	For
9	Approve the Issuance of 9.79 Million Shares Reserved Exclusively for the Conversion of Warrants		Mgmt	For	For
10	Approve Issuance of Warrants to Directors, Employees and Advisors Exceeding Five Percent of the Total Issuance		Mgmt	For	For
11	Approve the Issuance of 620,000 Shares Reserved Exclusively for the Conversion of the ESOP Warrants Grant 1, 2, and 3		Mgmt	For	For
12	Other Business		Mgmt	For	For

British American Tobacco Bhd. (formerly Rothmans of Pall Mal		Shares Voted	39,000
Meeting Date	4/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports for the Financial Year Ended Dec. 31, 2004		Mgmt	For	For
2	Approve Final Dividend for the Financial Year Ended Dec. 31, 2004		Mgmt	For	For
3	Elect James Richard Suttie as Director		Mgmt	For	For
4	Elect Andrew Maclachlan Gray as Director		Mgmt	For	For
5	Elect Robert James Clark as Director		Mgmt	For	For
6	Elect Kamarul Ariffin bin Mohamed Yassin as Director		Mgmt	For	For
7	Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
8	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights in Any Amount Up to Ten Percent of Issued Share Capital		Mgmt	For	For
9	Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions		Mgmt	For	For
10	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		Mgmt	For	For

Chen Hsong Holdings Ltd.		Shares Voted	604,000
Meeting Date	8/26/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports for the Year Ended Mar. 31, 2004		Mgmt	For	For
2	Approve Final Dividend of HK$0.12 Per Share		Mgmt	For	For
3a1	Reelect Johnson Chin Kwang Tan as Director		Mgmt	For	For
3a2	Reelect Anish Lalvani as Director		Mgmt	For	For
3b	Authorize the Board to Fix the Remuneration of Directors at an Aggregate Sum Not Exceeding HK$900,000 for the Year Ending Mar. 31, 2005		Mgmt	For	For
4	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
8	Amend Bylaws Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company, Electronic Communication		Mgmt	For	For
China Shipping Development Co.		Shares Voted	342,000
Meeting Date	3/1/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve First Bareboat Chaterparties for the Lease of Four Container Vessels by China Shipping Devt. Co. Ltd. (the Company) to China Shipping Container Lines Co. Ltd., the Continuing Connected Transactions and Annual Cap		Mgmt	For	For
2	Approve Second Bareboat Charterparty for the Lease of a Container Vessel by Xiang Xiu Shipping S.A. (Xiang Xiu Shipping) to China Shipping Container Lines (Asia) Co. Ltd. (CS Container Lines (Asia)), the Continuing Connected Transactions and Annual Cap		Mgmt	For	For
3	Approve Third Bareboat Charterparties for the Lease of Container Vessels by Xiang Da Shipping S.A., Xiang Xiu Shipping, Xiang Xin Shipping S.A. and Xiang Wang Shipping S.A. to CS Container Lines (Asia), the Continuing Connected Transactions and Annual Cap		Mgmt	For	For
4	Approve Fourth Bareboat Charterparty for the Lease of an Oil Tanker by Shanghai Shipping Industrial Co. Ltd. to the Company, the Continuing Connected Transactions and Annual Cap		Mgmt	For	For
5	Approve Fifth Bareboat Charterparty for the Lease of an Oil Tanker by China Shipping (Hong Kong) Hldgs. Co. Ltd. to the Company, the Continuing Connected Transactions and Annual Cap		Mgmt	For	For
6	Approve Sale of an Oil Tanker Named Daqing 242 by the Company to China Shipping Industry Co. Ltd. (CS Industry) and the Transactions Contemplated Thereunder		Mgmt	For	For
7	Approve Sale of an Oil Tanker Named Ning He by the Company to CS Industry and the Transactions Contemplated Thereunder		Mgmt	For	For
8	Elect Mao Shi Jia as an Executive Director and Authorize Board to Make Amendments to the Articles of Association to Reflect Any Changes Resulting from Such Appointment		Mgmt	For	For
9	Elect Yan Mingyi as a Supervisor and Authorize Board to Make Amendments to the Articles of Association to Reflect Any Changes Resulting from Such Appointment		Mgmt	For	For
China Shipping Development Co.(Formerly Shanghai Hai Xing)		Shares Voted	342,000
Meeting Date	5/30/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept 2004 Report of the Board of Directors		Mgmt	For	For
2	Accept 2004 Report of the Supervisory Committee		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Profit Distribution Plan for 2004		Mgmt	For	For
5	Approve Remuneration of Directors and Supervisors		Mgmt	For	For
6	Reappoint Shanghai Zhonghua Huying C.P.A. and Ernst & Young as Domestic and International Auditors Respectively for 2005 and Authorize Board to Fix Their Remuneration		Mgmt	For	For
7	Approve Establishment of Remuneration Committee Comprising of Wang Daxiong, an Executive Director, and Xie Rong and Hu Honggao, Independent Directors, and the Adoption of the Implementation Rules for the Remuneration Committee		Mgmt	For	For
8	Amend Articles Re: Election of Directors, Convening of Board Meetings		Mgmt	For	For
China Steel Corporation		Shares Voted	1,043,616
Meeting Date	6/14/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1.1	Receive Report on 2004 Business Operation Results
1.2	Receive Supervisors' Report
1.3	Receive Report on Status of Endorsements and Guarantees
2.1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2.2	Approve Allocation of Income and Cash Dividend of NTD 3.90 per Share and Stock Dividend of 50 per 1000 Shares		Mgmt	For	For
2.3	Approve Capitalization of 2004 Dividends and Employee Profit Sharing		Mgmt	For	For
2.4	Amend Articles of Association		Mgmt	For	For
2.5	Amend Procedures Governing the Acquisition or Disposal of Assets		Mgmt	For	For
2.6	Approve Release of Restrictions of Competitive Activities of Directors		Mgmt	For	For
3	Other Business		Mgmt	For	For
CHINA TELECOM CORP LTD		Shares Voted	2,076,000
Meeting Date	10/20/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Elect Yang Jie and Sun Kangmin as Executive Directors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
2	Amend Articles Re: Capital Structure, Board Composition, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
CHINA TELECOM CORP LTD		Shares Voted	2,076,000
Meeting Date	12/20/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Resignation of Zhou Deqiang as Executive Director		Mgmt	For	For
2	Approve Resignation of Chang Xiaobing as Executive Director		Mgmt	For	For
3	Elect Wang Xiaochu as an Executive Director, Authorize Any Director to Sign the Service Contract on Behalf of the Company and Authorize Board to Fix His Remuneration		Mgmt	For	For
4	Elect Leng Rongquan as an Executive Director, Authorize Any Director to Sign the Service Contract on Behalf of the Company and Authorize Board to Fix His Remuneration		Mgmt	For	For
5	Elect Li Jinming as a Non-Executive Director and Authorize Any Director to Sign the Service Contract on Behalf of the Company		Mgmt	For	For
CHINA TELECOM CORP LTD		Shares Voted	2,076,000
Meeting Date	5/25/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3	Reappoint KPMG as International Auditors and KPMG Huazhen as Domestic Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
4	Approve Charter for Supervisory Committee of China Telecom Corporation Limited		Mgmt	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
6	Authorize Board to Increase the Registered Capital and Amend Articles of Association to Reflect Such Increase Under the General Mandate		Mgmt	For	For
CNOOC LTD		Shares Voted	1,411,000
Meeting Date	5/25/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1a	Accept Financial Statements and Statutory Reports		Mgmt	For	For
1b	Approve Final Dividend		Mgmt	For	For
1c1	Reelect Luo Han as Director		Mgmt	For	For
1c2	Reelect Chiu Sung Hong as Director		Mgmt	For	For
1d	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
2a	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
2b	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
2c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Daelim Industrial		Shares Voted	11,500
Meeting Date	3/18/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Appropriation of Income and Dividends of KRW 2450 Per Common Share		Mgmt	For	For
2	Amend Articles of Incorporation Re: Board Composition and Directors' Term in Office		Mgmt	For	For
3	Elect Directors		Mgmt	For	For
4	Elect Members of Audit Committee		Mgmt	For	For
5	Approve Limit on Remuneration of Directors		Mgmt	For	For

DYNASTY FINE WINES GROUP LTD		Shares Voted	84,000
Meeting Date	5/27/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2a	Reelect Bai Zhisheng as Director		Mgmt	For	For
2b	Reelect Zhang Wenlin as Director		Mgmt	For	For
2c	Reelect Wong Ching Chung as Director		Mgmt	For	For
2d	Reelect Chau Ka Wah, Arthur as Director		Mgmt	For	For
3	Authorize Board to Fix the Remuneration of the Directors		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Electricity Generating Public Co Ltd		Shares Voted	247,500
Meeting Date	4/25/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Minutes of Previous AGM		Mgmt	For	For
2	Accept Directors' Report and Acknowledge the Payment of the Interim Dividend		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Allocation of Income and Final Dividend of Baht 1.50 per Share		Mgmt	For	For
5	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Elect Directors		Mgmt	For	For
7	Approve Remuneration of Directors		Mgmt	For	For
8	Other Business		Mgmt	For	For
Esprit Holdings		Shares Voted	257,840
Meeting Date	12/3/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports for the Year Ended June 30, 2004		Mgmt	For	For
2	Approve Final Dividend of HK$0.48 Per Share for the Year Ended June 30, 2004		Mgmt	For	For
3	Approve Special Dividend of HK$0.50 Per Share for the Year Ended June 30, 2004		Mgmt	For	For
4a	Reelect John Poon Cho Ming as Director		Mgmt	For	For
4b	Reelect Alexander Reid Hamilton as Director		Mgmt	For	For
4c	Reelect Simon Lai Sau Cheong as Director		Mgmt	For	For
4d	Reelect Jerome Squire Griffith as Director		Mgmt	For	For
5	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	For
8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
9	Amend Bylaws of the Company		Mgmt	For	For
Giant Wireless technology Ltd		Shares Voted	697,000
Meeting Date	7/29/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
	Ordinary Business
1	Accept Financial Statements and Statutory Reports (Voting)		Mgmt	For	For
2	Approve Directors' Fees of S$150,000 for Year Ended March 31, 2004		Mgmt	For	For
3	Reelect Tan Kay Hock as Director		Mgmt	For	For
4	Reappoint Deloitte & Touche as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	Special Business
5	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
6	Approve Mandate for Transactions with Related Parties		Mgmt	For	For
7	Other Business (Voting)		Mgmt	For	For
Global Bio-Chem Technology Group Co. Ltd.		Shares Voted	694,000
Meeting Date	5/18/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a	Reelect Kong Zhanpeng as Director		Mgmt	For	For
3b	Reelect Wang Tieguang as Director		Mgmt	For	For
3c	Reelect Li Defa as Director		Mgmt	For	For
3d	Authorize Board to Fix the Remuneration of Directors		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
6	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Hana Bank		Shares Voted	22,000
Meeting Date	3/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Financial Statements		Mgmt	For	For
2	Approve Appropriation of Income and Dividends of KRW 750 Per Share		Mgmt	For	For
3	Amend Articles of Incorporation Re: Methods of Notification of Shareholder Meetings, Payment of Quarterly Dividends		Mgmt	For	For
4.1	Elect Directors		Mgmt	For	For
4.2	Elect Members of Audit Committee		Mgmt	For	For
5	Approve Limit on Remuneration of Directors		Mgmt	For	For
6	Approve Stock Option Grants		Mgmt	For	Abstain
HIGH TECH COMPUTER CORP		Shares Voted	91,000
Meeting Date	6/13/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1.1	Receive Report on Business Operation Results of FY 2004
1.2	Receive Supervisors' Report
1.3	Receive Report on Indirect Investments in Mainland China
2.1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2.2	Approve Allocation of Income and Cash Dividend of NTD 5 per Share and Stock Dividend of 200 Shares per 1000 Shares		Mgmt	For	For
2.3	Approve Capitalization of 2004 Dividends and Employee Profit Sharing		Mgmt	For	For
2.4	Amend Articles of Association		Mgmt	For	Abstain
3	Other Business		Mgmt	For	Abstain
Hon Hai Precision Industry		Shares Voted	126,499
Meeting Date	6/14/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1.1	Receive Report on 2004 Business Operation Results
1.2	Receive Supervisors' Report
1.3	Receive Report on Indirect Investments in Mainland China
1.4	Receive Other Reports
2.1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2.2	Approve Allocation of Income and Cash Dividend of NTD 2.50 per Share and Stock Dividend of 200 Shares per 1000 Shares		Mgmt	For	For
2.3	Approve Capitalization of 2004 Dividends and Employee Profit Sharing		Mgmt	For	For
2.4	Approve Increase of Registered Capital and Issuance of Ordinary Shares to Participate the Issuance of Global Depository Receipt		Mgmt	For	For
2.5	Amend Articles of Association		Mgmt	For	Abstain
2.6	Amend Procedures Governing Derivative Financial Instruments		Mgmt	For	Abstain
3	Other Business

Honam Petrochemical Corporation		Shares Voted	10,000
Meeting Date	3/18/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Appropriation of Income and Dividends of KRW 1000 Per Share		Mgmt	For	For
2	Amend Articles of Incorporation to Replace Internal Auditor with Audit Committee		Mgmt	For	For
3	Elect Directors		Mgmt	For	For
4	Elect Members of Audit Committee		Mgmt	For	For
5	Approve Limit on Remuneration of Directors		Mgmt	For	For
HSBC Holdings Plc		Shares Voted	27,863
Meeting Date	5/27/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2.a	Re-elect Sir John Bond as Director		Mgmt	For	For
2.b	Re-elect R Ch'ien as Director		Mgmt	For	For
2.c	Re-elect J Coombe as Director		Mgmt	For	For
2.d	Re-elect Baroness Dunn as Director		Mgmt	For	For
2.e	Re-elect D Flint as Director		Mgmt	For	For
2.f	Re-elect J Hughes-Hallet as Director		Mgmt	For	For
2.g	Re-elect Sir Brian Moffat as Director		Mgmt	For	For
2.h	Re-elect S Newton as Director		Mgmt	For	For
2.i	Re-elect H Sohmen as Director		Mgmt	For	For
3	Reappoint KPMG Audit Plc as Auditors and Authorise the Board to Determine Their Remuneration		Mgmt	For	For
4	Approve Remuneration Report		Mgmt	For	For
5	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 100,000 (Preference Shares); USD 100,000 (Preference Shares); EUR 100,000 (Preference Shares); and USD 1,119,000,000 (Oridnary Shares)		Mgmt	For	For
6	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of USD 279,750,000		Mgmt	For	For
7	Authorise 1,119,000,000 Ordinary Shares for Market Purchase		Mgmt	For	For
8	Amend HSBC Holdings Savings-Related Share Option Plan		Mgmt	For	For
9	Amend HSBC Holdings Savings-Related Share Option Plan: International		Mgmt	For	For
10	Approve the HSBC US Employee Stock Plan		Mgmt	For	For
11	Approve the HSBC Share Plan		Mgmt	For	For
12	Amend Articles of Association Re: Statutory and Best Practice Changes		Mgmt	For	For
Huaneng Power International Inc.		Shares Voted	878,000
Meeting Date	9/28/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Amend Articles Re: Capital Structure, Composition of the Board and Supervisory Committee, Responsibilities of the Board		Mgmt	For	For
2a	Elect Huang Yongda as Director		Mgmt	For	For
2b	Elect Liu Shuyuan as Director		Mgmt	For	For
2c	Elect Liu Jipeng as Director		Mgmt	For	For
3a	Approve Overseas Issuance of Bonds in the Principal Amount of Up to $300 Million Convertible to Overseas Listed Foreign Shares within Twelve Months from Approval		Mgmt	For	For
3b	Authorize Board to Determine the Terms and Conditions of the Convertible Bonds and Relevant Matters Including the Amount of Convertible Bonds and Authorize the Board to Sign All Necessary Legal Documents for Such Purpose		Mgmt	For	For
3c	Approve Issuance of Such Number of New Overseas Listed Foreign Shares as may be Required to be Issued Pursuant to the Application for Conversion of Shares Made by Bond Holders		Mgmt	For	For
3d	Approve Increase in Registered Capital		Mgmt	For	For
Huaneng Power International Inc.		Shares Voted	878,000
Meeting Date	9/28/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
	Meeting For Holders of H Shares
1a	Approve Overseas Issuance of Bonds in the Principal Amount of Up to $300 Million Convertible to Overseas Listed Foreign Shares within Twelve Months from Approval		Mgmt	For	For
1b	Authorize Board to Determine the Terms and Conditions of the Convertible Bonds and Relevant Matters Including the Amount of Convertible Bonds and Authorize the Board to Sign All Necessary Legal Documents for Such Purpose		Mgmt	For	For
1c	Approve Issuance of Such Number of New Overseas Listed Foreign Shares as may be Required to be Issued Pursuant to the Application for Conversion of Shares Made by Bond Holders		Mgmt	For	For
1d	Approve Increase in Registered Capital		Mgmt	For	For
Hyundai Mobis		Shares Voted	0
Meeting Date	3/11/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Appropriation of Income and Dividends of KRW 1500 Per Common Share		Mgmt	For
2	Elect Director(s)		Mgmt	For
3	Approve Limit on Remuneration of Directors		Mgmt	For
INI Steel Co.		Shares Voted	38,000
Meeting Date	8/20/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Amend Articles of Incorporation		Mgmt	For	For
2	Approve Acquisition of Hanbo Steel/Dangjin Iron Works		Mgmt	For	For
INI Steel Co. (frmrly. Inchon Iron Steel)		Shares Voted	0
Meeting Date	3/11/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Appropriation of Income and Dividends of KRW 400 Per Share		Mgmt	For
2	Elect Directors		Mgmt	For
3	Elect Member of Audit Committee		Mgmt	For
4	Approve Limit on Remuneration of Directors		Mgmt	For
5	Approve Reduction in Capital Through Share Repurchase and Cancellation		Mgmt	For
IOI Corporation Berhad		Shares Voted	280,000
Meeting Date	9/1/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Authorize Issuance of Up to $345 Million Nominal Value Five Year Unsecured Guaranteed Exchangeable Bonds		Mgmt	For	For
IOI Corporation Berhad		Shares Voted	280,000
Meeting Date	10/21/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports for the Financial Year Ended June 30, 2004		Mgmt	For	For
2	Elect Lee Yeow Chor as Director		Mgmt	For	For
3	Elect Khalid B Hj Husin as Director		Mgmt	For	For
4	Elect Chan Fong Ann as Director		Mgmt	For	For
5	Approve Remuneration of Directors in the Amount of MYR315,000 for the Financial Year Ended June 30, 2004		Mgmt	For	For
6	Approve BDO Binder as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
7	Approve Issuance of Shares Pursuant to Executive Share Option Scheme		Mgmt	For	For
8	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights in Any Amount Up to Ten Percent of Issued Share Capital		Mgmt	For	For
9	Authorize Repurchase of Up to 10 Percent of Issued Share Capital		Mgmt	For	For
10	Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions		Mgmt	For	For
Jardine Cycle & Carriage Ltd(formerly Cycle & Carriage Ltd)		Shares Voted	76,669
Meeting Date	4/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Adopt Financial Statements and Directors' and Auditors' Reports for the Year Ended December 31, 2004		Mgmt	For	For
2	Declare Final Dividend of $0.08 Per Share		Mgmt	For	For
3	Approve Directors' Fees of SGD 576,000 for the Year Ending December 31, 2005 (2004: SGD 576,000)		Mgmt	For	For
4a	Reelect Anthony John Liddell Nightingale as Director		Mgmt	For	For
4b	Reelect Adam Phillip Charles Keswick as Director		Mgmt	For	For
4c	Reelect Neville Barry Venter as Director		Mgmt	For	For
5a	Reelect Datuk Azlan Zainol as Director		Mgmt	For	For
5b	Reelect Cheah Kim Teck as Director		Mgmt	For	For
6a	Reelect Alan Yeo Chee Yeow as Director		Mgmt	For	For
6b	Reelect Boon Yoon Chiang as Director		Mgmt	For	For
6c	Authorize Owen Phillimore Howell-Price to Continue to Act as an Alternate Director to Anthony John Liddell Nightingale		Mgmt	For	For
7	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
8	Other Business (Voting)		Mgmt	For	For
9a	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
9b	Authorize Share Repurchase Program		Mgmt	For	For
9c	Approve Mandate for Transactions with Related Parties		Mgmt	For	For
9d	Approve Issuance of Shares and Grant of Options Pursuant to the CCL Executives Share Option Scheme 2000		Mgmt	For	For
9e	Approve Allotment and Issuance of Shares Pursuant to the Jardine Cycle & Carriage Limited Scrip Dividend Scheme		Mgmt	For	For
JURONG TECHNO IND		Shares Voted	466,000
Meeting Date	4/25/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Adopt Financial Statements and Directors' and Auditors' Reports		Mgmt	For	For
2	Declare Final Dividend of SGD 0.02 Per Share		Mgmt	For	For
3	Approve Directors' Fees of SGD 161,000 for the Year Ended Dec 31, 2004		Mgmt	For	For
4	Reelect Lua Cheng Eng as Director		Mgmt	For	For
5	Reelect Lin Li Fang as Director		Mgmt	For	For
6	Reappoint Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
7	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
8	Authorize Share Repurchase Program		Mgmt	For	For
Kasikornbank PCL		Shares Voted	364,700
Meeting Date	11/5/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Minutes of Previous AGM		Mgmt	For	For
2	Approve Purchase of Shares of Asset Plus Securities Public Company Limited		Mgmt	For	For
3	Other Business		Mgmt	For	Abstain
Kingboard Chemical Holdings Ltd		Shares Voted	158,000
Meeting Date	11/19/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Acquisition of All Issued Shares and Cancellation of Outstanding Options of Elec & Eltek International Hldgs. Ltd. (Elec & Eltek) by Ease Ever Investments Ltd. and Acquisition of All Issued Ordinary Shares of Elec & Eltek by Elitelink Hldgs. Ltd.		Mgmt	For	For
Kingboard Chemical Holdings Ltd		Shares Voted	158,000
Meeting Date	12/22/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Revised Shirai Supply Annual Caps		Mgmt	For	For
Kingboard Chemical Holdings Ltd		Shares Voted	158,000
Meeting Date	5/18/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3	Reelect Directors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
6a	Amend Articles Re: Voting by Poll		Mgmt	For	For
6b	Amend Articles Re: Appointment of Directors		Mgmt	For	For
6c	Amend Articles Re: Retirement by Rotation of Directors		Mgmt	For	For
6d	Adopt New Articles of Association		Mgmt	For	For

KT&G Corp.		Shares Voted	23,420
Meeting Date	3/18/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Appropriation of Income and Dividends of KRW 1600 Per Share		Mgmt	For	For
2	Amend Articles of Incorporation to Expand Permitted Business Objectives		Mgmt	For	For
3.1	Elect Two Executive Directors		Mgmt	For	For
3.2	Elect Three Outside Directors		Mgmt	For	For
4	Approve Limit on Remuneration of Directors		Mgmt	For	For
LG Electronics Inc.		Shares Voted	0
Meeting Date	3/11/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Appropriation of Income and Dividends of KRW 1500 Per Ordinary Share		Mgmt	For
2	Amend Articles of Incorporation Re: Issuance of Stock Options		Mgmt	For
3	Elect Director		Mgmt	For
4	Approve Limit on Remuneration of Directors		Mgmt	For
Midland Holdings Ltd (formerly Midland Realty Holdings Ltd)		Shares Voted	540,000
Meeting Date	6/6/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Amend Bylaws Re: Retirement by Rotation of Directors		Mgmt	For	For
2	Approve New EVI Share Option Scheme		Mgmt	For	For
Midland Realty Holdings Ltd		Shares Voted	540,000
Meeting Date	4/15/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend of HK$0.123 Per Share		Mgmt	For	For
3a	Reelect Cheung Kam Shing as Director		Mgmt	For	For
3b	Reelect Lam Fung Fong as Director		Mgmt	For	For
3c	Reelect Chan Kwan Hing as Director		Mgmt	For	For
3d	Reelect Kwok Ying Lung as Director		Mgmt	For	For
3e	Reelect Koo Fook Sun, Louis as Director		Mgmt	For	For
3f	Reelect Sun Tak Chiu as Director		Mgmt	For	For
3g	Reelect Wang Ching Miao, Wilson as Director		Mgmt	For	For
3h	Authorize Board to Fix the Remuneration of Directors		Mgmt	For	For
4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
Midland Realty Holdings Ltd		Shares Voted	540,000
Meeting Date	4/15/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1a	Change Company Name to Midland Holdings Ltd.		Mgmt	For	For
1b	Adopt the Chinese Name		Mgmt	For	For
1c	Authorize Board to Do All Acts Necessary to Implement the Change in Company Name		Mgmt	For	For
2	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
3	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
4	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Neptune Orient Lines		Shares Voted	478,000
Meeting Date	4/26/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Adopt Financial Statements and Directors' and Auditors' Reports for the Year Ended December 31, 2004		Mgmt	For	For
2	Approve Non-Executive Directors' Fees of SGD 913,768 (2003: SGD 1.3 Million)		Mgmt	For	For
3	Declare Final Dividend of SGD 0.1469 Per Share and Special Dividend of SGD 0.2169 Per Share		Mgmt	For	For
4	Reelect Friedbert Malt as Director		Mgmt	For	For
5	Reelect James Connal Scotland Rankin as Director		Mgmt	For	For
6	Reelect Christopher Lau Loke Sam as Director		Mgmt	For	For
7	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
8	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
9	Authorize Share Repurchase Program		Mgmt	For	For
10	Approve Mandate for Transactions with Related Parties		Mgmt	For	For
NOVATEK MICROELECT TWD10		Shares Voted	100,960
Meeting Date	6/13/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1.1	Receive Report on 2004 Business Operation Results
1.2	Receive Supervisors' Report
2.1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2.2	Approve Allocation of Income and Cash Dividend of NTD 5.4 per Share and Stock Dividend of 135 Shares per 1000 Shares		Mgmt	For	For
3.1	Approve Capitalization of 2004 Dividends and Employee Profit Sharing		Mgmt	For	For
3.2	Amend Articles of Association		Mgmt	For	Abstain
4	Other Business
Petrochina Co. Ltd.		Shares Voted	1,288,000
Meeting Date	5/26/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Report of the Board of Directors		Mgmt	For	For
2	Accept Report of the Supervisory Committee		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Final Dividend		Mgmt	For	For
5	Authorize Board to Determine the Distribution of Interim Dividend for 2005		Mgmt	For	For
6	Appoint PricewaterhouseCoopers, Certified Public Accountants as International Auditors and PricewaterhouseCoopers Zhong Tian CPAs Co. Ltd., Certified Public Accountants as Domestic Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
7	Amend Articles Re: Editing Changes, Reports Available to Shareholders, Voting at Meetings, Nomination of Directors, Releasing of Notices of Meetings, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
8	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
9	Other Business (Voting)		Mgmt	For	For
POSCO (formerly Pohang Iron & Steel)		Shares Voted	7,700
Meeting Date	2/25/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Appropriation of Income, with a Final Dividend of KRW 6500 Per Share		Mgmt	For	For
2.1	Elect Outside Director		Mgmt	For	For
2.2.1	Elect Member of Audit Committee		Mgmt	For	For
2.2.2	Elect Member of Audit Committee		Mgmt	For	For
2.3	Elect Executive Director		Mgmt	For	For
3	Approve Limit on Remuneration of Directors		Mgmt	For	For
PT Bank Danamon Indonesia Tbk		Shares Voted	676,000
Meeting Date	5/9/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Allocation of Income		Mgmt	For	For
3	Elect Directors and Commissioners		Mgmt	For	For
4	Approve Delegation of Duties and Remuneration of Directors		Mgmt	For	For
5	Approve Remuneration of Commissioners		Mgmt	For	For
6	Approve Haryanto Sahari & Rekan as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
PTT Exploration & Production		Shares Voted	94,000
Meeting Date	4/5/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Minutes of Previous AGM		Mgmt	For	For
2	Accept Financial Statements and Statutory Reports		Mgmt	For	For
3	Approve Allocation of Income and Dividend of Baht 9 per Share		Mgmt	For	For
4	Elect Directors		Mgmt	For	For
5	Approve Remuneration of Directors		Mgmt	For	For
6	Approve Auditor General as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
7	Approve the Principle for the Company to Provide Directors Protection Against Liability Claim		Mgmt	For	For
8	Approve Issuance of 2.8 Million Units of Warrants to Directors, Employees, and Advisors of the Company		Mgmt	For	For
9	Approve the Issuance of 2.8 Million Shares Reserved Exclusively for the Conversion of Warrants		Mgmt	For	For
10	Other Business		Mgmt	For	For
Samsung Electronics Co. Ltd.		Shares Voted	6,360
Meeting Date	2/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Appropriation of Income, with a Final Dividend of KRW 5000 Per Common Share		Mgmt	For	For
2	Elect One Director		Mgmt	For	For
3	Approve Limit on Remuneration of Directors		Mgmt	For	For
Siam Cement Co. Ltd.		Shares Voted	99,000
Meeting Date	3/23/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Minutes of Previous AGM		Mgmt	For	For
2	Accept Directors' Report		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Allocation of Income and Dividends		Mgmt	For	For
5	Elect Directors		Mgmt	For	For
6	Approve KPMG Phoomchai Audit Limited as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
7	Amend Articles of Association Re: Acquisition and Disposition of Assets of the Listed Companies		Mgmt	For	For
8	Approve Remuneration of Directors		Mgmt	For	For
9	Other Business		Mgmt	For	For
Sinopec Shanghai Petrochemical Co. (formerly Shanghai Petroc		Shares Voted	1,420,000
Meeting Date	6/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept 2004 Report of the Directors		Mgmt	For	For
2	Accept 2004 Report of the Supervisory Committee		Mgmt	For	For
3	Accept 2004 Financial Statements and 2005 Budget		Mgmt	For	For
4	Approve 2004 Allocation of Income		Mgmt	For	For
5	Reappoint KPMG Huazhen and KPMG as Domestic and International Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6a1	Elect Rong Guangdao as Director		Mgmt	For	For
6a2	Elect Du Chongjun as Director		Mgmt	For	For
6a3	Elect Han Zhihao as Director		Mgmt	For	For
6a4	Elect Wu Haijun as Director		Mgmt	For	For
6a5	Elect Gao Jinping as Director		Mgmt	For	For
6a6	Elect Shi Wei as Director		Mgmt	For	For
6a7	Elect Lei Dianwu as Director		Mgmt	For	For
6a8	Elect Xiang Hanyin as Director		Mgmt	For	For
6a9	Elect Chen Xinyuan as Independent Non-Executive Director		Mgmt	For	For
6a10	Elect Sun Chiping as Independent Non-Executive Director		Mgmt	For	For
6a11	Elect Jiang Zhiquan as Independent Non-Executive Director		Mgmt	For	For
6a12	Elect Zhou Yunnong as Independent Non-Executive Director		Mgmt	For	For
6b1	Elect Yin Yongli as Supervisor		Mgmt	For	For
6b2	Elect Liu Xiangdong as Supervisor		Mgmt	For	For
6b3	Elect Lu Xiangyang as Supervisor		Mgmt	For	For
6b4	Elect Gen Limin as Supervisor		Mgmt	For	For
7a	Amend Articles of Association		Mgmt	For	For
7b	Amend Rules of Procedures for Shareholders General Meetings		Mgmt	For	For
7c	Amend Rules of Procedures for Board of Directors Meetings		Mgmt	For	For
Sinopec Shanghai Petrochemical Co. (formerly Shanghai Petroc		Shares Voted	1,420,000
Meeting Date	6/28/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Sales and Purchases Framework Agreement		Mgmt	For	For
2	Approve Comprehensive Services Framework Agreement		Mgmt	For	For
3	Approve Caps for Continuing Connected Transactions		Mgmt	For	For

Skyworth Digital		Shares Voted	1,792,000
Meeting Date	9/1/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3	Reelect Director		Mgmt	For	For
4	Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Amend Bylaws Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company, Distribution of Summary Financial Reports, Electronic Communication		Mgmt	For	For
7	Approve Issuance of Shares Pursuant to the Share Option Scheme		Mgmt	For	For
8	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
9	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
10	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
11	Elect Cheng Kin Chung as an Executive Director		Mgmt	For	For
12	Elect Xie Zhengcai as an Independent Non-Executive Director		Mgmt	For	For
SURFACE MOUNT TECH		Shares Voted	422,000
Meeting Date	7/21/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Adopt Financial Statements and Directors' and Auditors' Reports		Mgmt	For	For
2	Declare Final Dividend of HK$0.10 Per Share		Mgmt	For	For
3	Approve Directors' Fees of SGD 175,875 Payable to Daniel Cuthbert Ee Hock Huat, Lim Jiew Keng and Antonio Chan for the Year Ending Mar. 31, 2005		Mgmt	For	For
4	Reelect Daniel Cuthbert Ee Hock Huat as Director		Mgmt	For	For
5	Reappoint Deloitte & Touche as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
7	Approve Issuance of Shares and Grant of Options Pursuant to the Share Option Schemes I and II		Mgmt	For	For
8	Authorize Share Repurchase Program		Mgmt	For	For
TAISHIN FINANCIAL HOLDINGS CO LTD		Shares Voted	0
Meeting Date	12/3/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Elect Directors and Supervisors		Mgmt	For
2	Other Business		Mgmt	For
TAISHIN FINANCIAL HOLDINGS CO LTD		Shares Voted	591,844
Meeting Date	6/10/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1.1	Receive Report on 2004 Business Operating Results
1.2	Receive Supervisors' Report
1.3	Receive Report on the Issuance of Corporate Debt
1.4	Receive Report on the Amendment of Board Procedures
2.1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2.2	Approve Allocation of Income and Cash Dividend of NTD 1.3 per Share and Stock Dividend of 145 Shares per 1000 Shares		Mgmt	For	For
3.1	Approve Capitalization of 2004 Dividends and Employee Profit Sharing		Mgmt	For	For
3.2	Amend Procedures Governing the Acquisition and Disposal of Assets		Mgmt	For	Abstain
3.3	Cancel Procedures for Loan of Funds to Other Parties, and Endorsement and Guarantee		Mgmt	For	Abstain
3.4	Approve Release of Restrictions of Competitive Activities of Directors		Mgmt	For	Abstain
3.5	Amend Articles of Association		Mgmt	For	Abstain
4	Other Business
Taiwan Semiconductor Manufacturing Co.		Shares Voted	728,329
Meeting Date	12/21/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Amend Articles of Association Re: Dividend Policy		Mgmt	For	For
2	Other Business
Taiwan Semiconductor Manufacturing Co.		Shares Voted	728,329
Meeting Date	5/10/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1.1	Receive Report on Business Operation Results for Fiscal Year 2004
1.2	Receive Supervisors' Report
1.3	Receive Report on the Acquisition or Disposal of Assets with Related Parties for 2004
1.4	Receive Report on the Status of Guarantees Provided by the Company as of the End of 2004
1.5	Receive Report on the Execution of Treasury Stock Buyback
2.1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2.2	Approve Allocation of Income and Cash Dividend of NTD 2.00 per Share and Stock Dividend of 50 Shares per 1000 Shares Held		Mgmt	For	For
2.3	Approve Capitalization of 2004 Dividends and Employee Profit Sharing		Mgmt	For	For
2.4	Amend Articles of Association		Mgmt	For	For
3	Other Business
Techtronic Industries		Shares Voted	713,000
Meeting Date	1/3/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Conditional Stock Purchase by Techtronic Industries Co. Ltd., Ryobi Technologies GmbH and Techtronic Industries North America, Inc. from Atlas Copco AB, Atlas Copco North America Inc. and Atlas Copco Hldg. GmbH		Mgmt	For	For
Techtronic Industries		Shares Voted	713,000
Meeting Date	5/30/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend of HK$0.125 Per Share		Mgmt	For	For
3a	Reelect Horst Julius Pudwill as Group Executive Director		Mgmt	For	For
3b	Reelect Vincent Ting Kau Cheung as Non-Executive Director		Mgmt	For	For
3c	Reelect Christopher Patrick Langley as Independent Non-Executive Director		Mgmt	For	For
3d	Reelect Manfred Kuhlmann as Independent Non-Executive Director		Mgmt	For	For
3e	Authorize Board to Fix the Remuneration of Directors for 2005		Mgmt	For	For
4	Appoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	For
6	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
8	Approve Issuance of Shares Pursuant to the Share Option Scheme		Mgmt	For	For
VICTORY CITY INTERNATIONALHOLDINGS LTD		Shares Voted	1,503,905
Meeting Date	8/18/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1a	Approve Grant of Options to Subscribe for a Total of 55 Million Shares at a Subscription Price of HK$3.15 per Share Beyond the 10 Percent General Scheme Limit Pursuant to the Share Option Scheme		Mgmt	For	For
1b	Authorize Board to Take Necessary Steps in Connection with the Grant of Options in Item 1a		Mgmt	For	For
2a1	Approve Grant of Options to So Kam Wah to Subscribe for Four Million Shares		Mgmt	For	For
2a2	Approve Grant of Options to Lee Yuen Chiu, Andy to Subscribe for Four Million Shares		Mgmt	For	For
2a3	Approve Grant of Options to Choi Lin Hung to Subscribe for Four Million Shares		Mgmt	For	For
2a4	Approve Grant of Options to Lee Chung Shing to Subscribe for Four Million Shares		Mgmt	For	For
2a5	Approve Grant of Options to Wong Kam Hoi to Subscribe for Four Million Shares		Mgmt	For	For
2a6	Approve Grant of Options to Sy Wing Shuen to Subscribe for Four Million Shares		Mgmt	For	For
2a7	Approve Grant of Options to Wong Bing Koi to Subscribe for Four Million Shares		Mgmt	For	For
2a8	Approve Grant of Options to Ku Wai Sun, Cupid to Subscribe for Four Million Shares		Mgmt	For	For
2a9	Approve Grant of Options to Ng Ming Wah to Subscribe for Four Million Shares		Mgmt	For	For
2a10	Approve Grant of Options to Ng Tsze Lun to Subscribe for Four Million Shares		Mgmt	For	For
2b	Authorize Board to Take Necessary Steps in Connection with the Grant of Each of the Options		Mgmt	For	For
3	Approve Issuance of Shares Pursuant to the Share Option Scheme		Mgmt	For	For
4	Amend Bylaws Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company, Destruction of Corporate Documents, Distribution of Summary Financial Reports, Use of Electronic Communication		Mgmt	For	For
VICTORY CITY INTERNATIONALHOLDINGS LTD		Shares Voted	1,503,905
Meeting Date	9/15/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend of HK$0.045 Per Share by Way of a Scrip Dividend		Mgmt	For	For
3a	Reelect Lee Yuen Chiu, Andy as Executive Director		Mgmt	For	For
3b	Reelect Kan Ka Hon as Independent Non-Executive Director		Mgmt	For	For
3c	Authorize Board to Fix Directors' Remuneration		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5a	Approve Corporate Guarantee for an Amount of Up to $5 Million in Favour of Citibank N.A. in Respect of Facilities of Up to $5 Million to be Granted to Ford Glory International Limited (Ford Glory)		Mgmt	For	For
5b	Approve Corporate Guarantee for an Unlimited Amount in Favour of East Asia Heller Limited in Respect of Facilities of Up to $4 Million to be Granted to Ford Glory		Mgmt	For	For
5c	Approve Corporate Guarantee for an Amount of Up to $10 Million in Favour of Bank of America N.A. in Respect of Facilities of Up to $10 Million to be Granted to Ford Glory Which are Jointly Available to Ford Glory and Victory City Co. Ltd.		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Yanzhou Coal Mining Company Limited		Shares Voted	918,000
Meeting Date	6/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Working Report of the Board of Directors		Mgmt	For	For
2	Accept Working Report of the Supervisory Committee		Mgmt	For	For
3	Accept Financial Statements		Mgmt	For	For
4	Approve Remuneration of Directors and Supervisors for 2005		Mgmt	For	For
5	Approve Anticipated Amount of Sale of Products and Commodities of the Company for 2005		Mgmt	For	For
6	Approve Proposed Profit Distribution Plan Including the Final Dividend Distribution Plan and Issue of Bonus Shares on the Basis of Six Bonus Shares for Every 10 Existing Shares		Mgmt	For	For
7	Amend Articles of Association		Mgmt	For	For
8	Ratify and Confirm the Directors of the Second Session of the Board and Supervisors of the Second Session of the Supervisory Committee to Continue Carrying Out Their Duties as Directors and Supervisors		Mgmt	For	For
9a	Elect Wang Xin as Director		Mgmt	For	For
9b	Elect Geng Jiahuai as Director		Mgmt	For	For
9c	Elect Yang Deyu as Director		Mgmt	For	For
9d	Elect Shi Xuerang as Director		Mgmt	For	For
9e	Elect Chen Changchun as Director		Mgmt	For	For
9f	Elect Wu Yuxiang as Director		Mgmt	For	For
9g	Elect Wang Xinkun as Director		Mgmt	For	For
9h	Elect Chen Guangshi as Director		Mgmt	For	For
9i	Elect Dong Yunqing as Director		Mgmt	For	For
10a	Elect Pu Hongjiu as Independent Non-Executive Director		Mgmt	For	For
10b	Elect Cui Jianmin as Independent Non-Executive Director		Mgmt	For	For
10c	Elect Wang Xiaojun as Independent Non-Executive Director		Mgmt	For	For
10d	Elect Wang Quanxi as Independent Non-Executive Director		Mgmt	For	For
11a	Elect Meng Xianchang as Supervisor (Not Representing Employees)		Mgmt	For	For
11b	Elect Song Guo as Supervisor (Not Representing Employees)		Mgmt	For	For
11c	Elect Zhang Shengdong as Supervisor (Not Representing Employees)		Mgmt	For	For
11d	Elect Liu Weixin as Supervisor (Not Representing Employees)		Mgmt	For	For
12	Adopt the Rules of Procedure for Shareholders Meeting of Yanzhou Coal Mining Co. Ltd.		Mgmt	For	For
13	Adopt the Rules of Procedure for Board of Directors of Yanzhou Coal Mining Co. Ltd.		Mgmt	For	For
14	Adopt the Rules of Procedure for Supervisory Committee of Yanzhou Coal Mining Co. Ltd.		Mgmt	For	For
15	Adopt the Management Measures for the Directors Decision Making Risk Fund of Yanzhou Coal Mining Co. Ltd.		Mgmt	For	For
16	Approve Deloitte Touche Tohmatsu (CPAs in Hong Kong) and Deloitte Touche Tohmatsu CPAs Ltd. (CPAs in PRC) as International and Domestic Auditors Respectively and Fix Their Remuneration		Mgmt	For	For
17	Approve Issuance of Additional H Shares without Preemptive Rights		Mgmt	For	Against
Zhenhai Refining & Chemical Co Ltd		Shares Voted	310,000
Meeting Date	2/18/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Continuing Connected Transactions with a Related Party		Mgmt	For	For
2	Authorize the Executive Directors to Sign and Prepare All Necessary Documents and Take All Necessary Actions to Fulfill Obligations in Relation to the Connected Transactions Proposed Above		Mgmt	For	For
Zhenhai Refining & Chemical Co Ltd		Shares Voted	460,000
Meeting Date	6/17/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Accept Report of the Supervisory Committee		Mgmt	For	For
3	Approve Profit Appropriation Proposal for 2004		Mgmt	For	For
4	Approve Resignation of Zhao Jinxuan as Executive Director of the Fourth Board of Directors		Mgmt	For	For
5	Approve Remuneration of Directors and Supervisors Representing Shareholders for the Year 2005		Mgmt	For	For
6	Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For

CHINA & HONG KONG FUND

Beijing Yanhua Petrochemical		Shares Voted	3,840,000
Meeting Date	3/4/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
	Special Business
1	Approve Merger Agreement and Related Amendment Agreement Between Sinopec Beijing Yanhua Petrochemical Co. Ltd. and Beijing Feitian Petrochemical Co. Ltd., Execution of the Merger and Related Amendment Agreement and Transactions Contemplated Thereunder		Mgmt	For	For
Chen Hsong Holdings Ltd.		Shares Voted	3,510,000
Meeting Date	8/26/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports for the Year Ended Mar. 31, 2004		Mgmt	For	For
2	Approve Final Dividend of HK$0.12 Per Share		Mgmt	For	For
3a1	Reelect Johnson Chin Kwang Tan as Director		Mgmt	For	For
3a2	Reelect Anish Lalvani as Director		Mgmt	For	For
3b	Authorize the Board to Fix the Remuneration of Directors at an Aggregate Sum Not Exceeding HK$900,000 for the Year Ending Mar. 31, 2005		Mgmt	For	For
4	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
8	Amend Bylaws Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company, Electronic Communication		Mgmt	For	For
Cheung Kong Holdings		Shares Voted	270,000
Meeting Date	5/19/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a	Reelect Li Ka-shing as Director		Mgmt	For	For
3b	Reelect Li Tzar Kuoi, Victor as Director		Mgmt	For	For
3c	Reelect Pau Yee Wan, Ezra as Director		Mgmt	For	For
3d	Reelect Woo Chia Ching, Grace as Director		Mgmt	For	For
3e	Reelect Leung Siu Hon as Director		Mgmt	For	For
3f	Reelect Simon Murray as Director		Mgmt	For	For
3g	Reelect Chow Nin Mow, Albert as Director		Mgmt	For	For
3h	Reelect Kwan Chiu Yin, Robert as Director		Mgmt	For	For
3i	Reelect Cheong Ying Chew, Henry as Director		Mgmt	For	For
4	Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
China Merchants Holdings (International) Ltd.		Shares Voted	1,288,000
Meeting Date	10/4/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Sale of the Entire Issued Capital of Ming Wah Universal (Bermuda) Co., Ltd. by Market Ocean Hldgs. Ltd. to China Merchants Energy Transport Investment Co. Ltd.		Mgmt	For	For
China Merchants Holdings (International) Ltd.		Shares Voted	1,288,000
Meeting Date	5/10/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3	Reelect Directors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
6	Amend Articles Re: Retirement by Rotation of Directors		Mgmt	For	For
China Mobile (Hong Kong) Limited		Shares Voted	1,335,000
Meeting Date	5/12/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend of HK$0.46 Per Share		Mgmt	For	For
3a	Reelect Wang Jianzhou as Director		Mgmt	For	For
3b	Reelect Zhang Chenshuang as Director		Mgmt	For	For
3c	Reelect Li Mofang as Director		Mgmt	For	For
3d	Reelect Julian Michael Horn-Smith as Director		Mgmt	For	For
3e	Reelect Li Yue as Director		Mgmt	For	For
3f	Reelect He Ning as Director		Mgmt	For	For
3g	Reelect Frank Wong Kwong Shing as Director		Mgmt	For	For
4	Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
China Petroleum & Chemical Corp.		Shares Voted	3,570,000
Meeting Date	12/21/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Acquisition of Certain Petrochemical Assets from China Petrochemical Corp. (Sinopec Group Co.)		Mgmt	For	For
2	Approve Acquisition of Certain Catalyst Assets from Sinopec Group Co.		Mgmt	For	For
3	Approve Acquisition of Certain Gas Station Assets from Sinopec Group Co.		Mgmt	For	For
4	Approve Disposal of Certain Downhole Operation Assets to Sinopec Group Co.		Mgmt	For	For
5	Authorize Board to Perform All Relevant Matters in Relation to the Acquisition and Disposition		Mgmt	For	For
6	Approve Proposal Regarding the Adjustment to the Capital Expenditure Plan for the Year 2004		Mgmt	For	Abstain
China Petroleum & Chemical Corp.		Shares Voted	3,570,000
Meeting Date	5/18/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Report of the Board of Directors		Mgmt	For	For
2	Accept Report of the Supervisory Committee		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Final Dividend		Mgmt	For	For
5	Appoint PRC and International Auditors, Respectively, and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve Feasibility Study Report of Tianjin One Million Tonnes Per Annum Ethylene and Auxiliary Facilities Project		Mgmt	For	Abstain
CHINA SHIPPING CONTAINER LINES CO LTD		Shares Voted	921,000
Meeting Date	2/18/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Amend Articles Re: Board Composition		Mgmt	For	For
2	Elect Yan Mingyi as a Non-Executive Director		Mgmt	For	For
3	Elect Huang Xiaowen as an Executive Director		Mgmt	For	For
4	Elect Zhao Hongzhou as an Executive Director		Mgmt	For	For
5	Elect Zhang Guofa as a Non-Executive Director		Mgmt	For	For
6	Elect Huang Xinming as a Supervisor		Mgmt	For	For
7	Approve Change in Use of the Listing Proceeds		Mgmt	For	For
8	Approve Issuance of H Shares without Preemptive Rights		Mgmt	For	Against
CHINA SHIPPING CONTAINER LINES CO LTD		Shares Voted	2,621,000
Meeting Date	5/26/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve the Report of the Board of Directors		Mgmt	For	For
2	Approve the Report of the Supervisory Committee		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Allocation of Income and Final Dividend of RMB 0.2 Per Share		Mgmt	For	For
5	Approve Remuneration of Directors and Supervisors		Mgmt	For	For
6	Approve PricewaterhouseCoopers Hong Kong, Certified Public Accountants and BDO Zhong Hua Certified Public Accountants as International and PRC Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
8	Other Business (Voting)		Mgmt	For	For
China Shipping Development		Shares Voted	1,876,000
Meeting Date	8/17/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Elect Wong Kunhe as Executive Director and Authorize Board to Amend the Articles of Association to Reflect any Consequential Changes Resulting from His Appointment		Mgmt	For	For
2	Approve Issuance of Bonds in the Principal Amount of RMB2.0 Billion Convertible into A Shares with a Nominal Value of RMB1.0 Each; Increase in Registered Capital; Issuance of New A Shares Pursuant to the Exercise of Conversion Rights		Mgmt	For	For

China Shipping Development Co.		Shares Voted	2,276,000
Meeting Date	3/1/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve First Bareboat Chaterparties for the Lease of Four Container Vessels by China Shipping Devt. Co. Ltd. (the Company) to China Shipping Container Lines Co. Ltd., the Continuing Connected Transactions and Annual Cap		Mgmt	For	For
2	Approve Second Bareboat Charterparty for the Lease of a Container Vessel by Xiang Xiu Shipping S.A. (Xiang Xiu Shipping) to China Shipping Container Lines (Asia) Co. Ltd. (CS Container Lines (Asia)), the Continuing Connected Transactions and Annual Cap		Mgmt	For	For
3	Approve Third Bareboat Charterparties for the Lease of Container Vessels by Xiang Da Shipping S.A., Xiang Xiu Shipping, Xiang Xin Shipping S.A. and Xiang Wang Shipping S.A. to CS Container Lines (Asia), the Continuing Connected Transactions and Annual Cap		Mgmt	For	For
4	Approve Fourth Bareboat Charterparty for the Lease of an Oil Tanker by Shanghai Shipping Industrial Co. Ltd. to the Company, the Continuing Connected Transactions and Annual Cap		Mgmt	For	For
5	Approve Fifth Bareboat Charterparty for the Lease of an Oil Tanker by China Shipping (Hong Kong) Hldgs. Co. Ltd. to the Company, the Continuing Connected Transactions and Annual Cap		Mgmt	For	For
6	Approve Sale of an Oil Tanker Named Daqing 242 by the Company to China Shipping Industry Co. Ltd. (CS Industry) and the Transactions Contemplated Thereunder		Mgmt	For	For
7	Approve Sale of an Oil Tanker Named Ning He by the Company to CS Industry and the Transactions Contemplated Thereunder		Mgmt	For	For
8	Elect Mao Shi Jia as an Executive Director and Authorize Board to Make Amendments to the Articles of Association to Reflect Any Changes Resulting from Such Appointment		Mgmt	For	For
9	Elect Yan Mingyi as a Supervisor and Authorize Board to Make Amendments to the Articles of Association to Reflect Any Changes Resulting from Such Appointment		Mgmt	For	For
China Shipping Development Co.(Formerly Shanghai Hai Xing)		Shares Voted	2,276,000
Meeting Date	5/30/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept 2004 Report of the Board of Directors		Mgmt	For	For
2	Accept 2004 Report of the Supervisory Committee		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Profit Distribution Plan for 2004		Mgmt	For	For
5	Approve Remuneration of Directors and Supervisors		Mgmt	For	For
6	Reappoint Shanghai Zhonghua Huying C.P.A. and Ernst & Young as Domestic and International Auditors Respectively for 2005 and Authorize Board to Fix Their Remuneration		Mgmt	For	For
7	Approve Establishment of Remuneration Committee Comprising of Wang Daxiong, an Executive Director, and Xie Rong and Hu Honggao, Independent Directors, and the Adoption of the Implementation Rules for the Remuneration Committee		Mgmt	For	For
8	Amend Articles Re: Election of Directors, Convening of Board Meetings		Mgmt	For	For
China Southern Airlines Ltd		Shares Voted	560,000
Meeting Date	11/29/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Resignation of Yan Zhi Qing as Director		Mgmt	For	For
2	Elect Liu Shao Yong as Director		Mgmt	For	For
China Southern Airlines Ltd		Shares Voted	560,000
Meeting Date	12/31/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Acquisition of Certain Airline Operations, Assets, Properties and Debts from China Southern Air Hldg. Co. (CSAHC), China Northern Airlines Co. (Northern Airlines) and Xinjiang Airlines Co. (Xinjiang Airlines)		Mgmt	For	For
2	Approve Lease Agreement Between China Southern Airlines Co. Ltd. (the Company), CSAHC and Northern Airlines		Mgmt	For	For
3	Approve Lease Agreement Between the Company, CSAHC and Xinjiang Airlines		Mgmt	For	For
4	Approve Lease Agreement Between the Company and CSAHC		Mgmt	For	For
5	Approve Catering Agreement Between the Company and China Southern Airlines Group Air Catering Co. Ltd.		Mgmt	For	For
6	Approve Financial Services Agreement Between the Company and Southern Airlines Group Finance Co. Ltd.		Mgmt	For	For
7	Approve Resignation of Wang Chang Shun as Director		Mgmt	For	For
8	Elect Si Xian Min as Director		Mgmt	For	For
China Southern Airlines Ltd		Shares Voted	2,140,000
Meeting Date	6/15/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Report of the Directors		Mgmt	For	For
2	Accept Report of the Supervisory Committee		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Profit Distribution Budget for the Year 2004		Mgmt	For	For
5	Appoint KPMG as International Auditors and KPMG Huazhen as the PRC Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve Operating Lease of Five Boeing B737-700, Five Boeing B737-800, Five Airbus A320-000 and 10 Airbus A321-200		Mgmt	For	For
7	Approve Amendments to the Rules of Procedures for Shareholders General Meetings		Mgmt	For	For
8	Approve Amendments to the Rules of Procedures for Board of Directors		Mgmt	For	For
	Additional Ordinary Resolutions
9	Approve Airbus Aircraft Acquisition Agreement Between Airbus SNC, Southern Airlines (Group) Import and Export Trading Co., and China Southern Airlines Co. Ltd. (Company) for the Acquisition of Five A380 Aircraft from Airbus SNC		Mgmt	For	For
10	Approve Boeing Aircraft Acquisition Agreement for the Acquisition of 12 B737-700 Aircraft and 18 B737-800 Aircraft by the Company and 15 B737-800 Aircraft by Xiamen Airlines Co. Ltd. from The Boeing Co.		Mgmt	For	For
	Special Business
1	Amend Articles Re: Rights, Obligations, and General Meetings of Shareholders, Board of Directors		Mgmt	For	For
	Additional Special Resolution
2	Amend Articles Re: Election of Directors and Supervisors		ShrHoldr	For	For
CHINA TELECOM CORP LTD		Shares Voted	9,200,000
Meeting Date	10/20/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Elect Yang Jie and Sun Kangmin as Executive Directors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
2	Amend Articles Re: Capital Structure, Board Composition, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
CHINA TELECOM CORP LTD		Shares Voted	9,200,000
Meeting Date	12/20/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Resignation of Zhou Deqiang as Executive Director		Mgmt	For	For
2	Approve Resignation of Chang Xiaobing as Executive Director		Mgmt	For	For
3	Elect Wang Xiaochu as an Executive Director, Authorize Any Director to Sign the Service Contract on Behalf of the Company and Authorize Board to Fix His Remuneration		Mgmt	For	For
4	Elect Leng Rongquan as an Executive Director, Authorize Any Director to Sign the Service Contract on Behalf of the Company and Authorize Board to Fix His Remuneration		Mgmt	For	For
5	Elect Li Jinming as a Non-Executive Director and Authorize Any Director to Sign the Service Contract on Behalf of the Company		Mgmt	For	For
CHINA TELECOM CORP LTD		Shares Voted	9,200,000
Meeting Date	5/25/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3	Reappoint KPMG as International Auditors and KPMG Huazhen as Domestic Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
4	Approve Charter for Supervisory Committee of China Telecom Corporation Limited		Mgmt	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
6	Authorize Board to Increase the Registered Capital and Amend Articles of Association to Reflect Such Increase Under the General Mandate		Mgmt	For	For
Clp Holdings (Formerly China Light & Power)		Shares Voted	886,000
Meeting Date	4/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2a	Approve Final Dividend of HK$0.73 Per Share		Mgmt	For	For
2b	Approve Special Final Dividend of HK$0.15 Per Share		Mgmt	For	For
3a	Reelect Andrew Clifford Winawer Brandler as Director		Mgmt	For	For
3b	Reelect Michael David Kadoorie as Director		Mgmt	For	For
3c	Reelect Chung Sze Yuen as Director		Mgmt	For	For
3d	Reelect John Andrew Harry Leigh as Director		Mgmt	For	For
3e	Reelect Kan Man Lok Paul as Director		Mgmt	For	For
4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Term of Appointment for Non-Executive Directors		Mgmt	For	For
6	Amend Articles Re: Editing Change		Mgmt	For	For
7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	For
8	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
9	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
CNOOC LTD		Shares Voted	10,957,000
Meeting Date	5/25/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1a	Accept Financial Statements and Statutory Reports		Mgmt	For	For
1b	Approve Final Dividend		Mgmt	For	For
1c1	Reelect Luo Han as Director		Mgmt	For	For
1c2	Reelect Chiu Sung Hong as Director		Mgmt	For	For
1d	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
2a	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
2b	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
2c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Cosco Pacific Limited		Shares Voted	1,531,000
Meeting Date	10/5/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Acquisition of Approximately 163.7 Million Non-Publicly Tradeable State-Owned Legal Person Shares in the Capital of China Intl. Marine Containers (Group) Co. Ltd. by COSCO Container Industries Ltd. from China Ocean Shipping (Group) Co. Ltd.		Mgmt	For	For
Cosco Pacific Limited		Shares Voted	1,531,000
Meeting Date	5/20/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a1	Reelect XU Lirong as Director		Mgmt	For	For
3a2	Reelect WONG Tin Yau, Kelvin as Director		Mgmt	For	For
3a3	Reelect LIU Lit Man as Director		Mgmt	For	For
3a4	Reelect KWONG Che Keung, Gordon as Director		Mgmt	For	For
3b	Authorize Board to Fix Their Remuneration		Mgmt	For	For
4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
6	Amend Bylaws Re: Use by Directors of Conference Telephone, Electronic or Other Communications Equipment at General Meetings, Retirement by Rotation of Directors		Mgmt	For	For
Dah Sing Banking Group Ltd		Shares Voted	50,770
Meeting Date	4/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a	Elect David Shou-Yeh Wong as Director		Mgmt	For	For
3b	Elect John William Simpson as Director		Mgmt	For	For
3c	Elect David Richard Hinde as Director		Mgmt	For	For
3d	Elect Robert Tsai-To Sze as Director		Mgmt	For	For
3e	Elect Andrew Kwan-Yuen Leung as Director		Mgmt	For	For
3f	Elect Takashi Muraoka as Director		Mgmt	For	For
3g	Elect Lung-Man Chiu (John Chiu) as Director		Mgmt	For	For
3h	Elect Gary Pak-Ling Wang as Director		Mgmt	For	For
3i	Elect Harold Tsu-Hing Wong as Director		Mgmt	For	For
3j	Elect Dennis Tat-Wang Yau as Director		Mgmt	For	For
4	Approve Remuneration of Directors		Mgmt	For	For
5	Appoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
Dah Sing Financial Holdings Ltd.		Shares Voted	253,850
Meeting Date	4/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a	Reelect Peter G. Birch as Director		Mgmt	For	For
3b	Reelect Tai-Lun Sun (Dennis Sun) as Director		Mgmt	For	For
3c	Reelect Gary Pak-Ling Wang as Director		Mgmt	For	For
3d	Elect Nicholas John Mayhew as Director		Mgmt	For	For
3e	Elect Sohei Sasaki as Director		Mgmt	For	For
3f	Elect Kosuke Furukawa as Director		Mgmt	For	For
4	Approve Remuneration of Directors		Mgmt	For	For
5	Appoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve New Share Option Scheme and Termination of Existing Share Option Scheme		Mgmt	For	For
7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
8	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
9	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Datang International Power Generation Company Limited(former		Shares Voted	2,000,000
Meeting Date	6/21/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
	Class Meeting for H Shareholders
1	Approve Refreshment of the Validity Period of the A Shares Issue		Mgmt	For	Against
Datang International Power Generation Company Limited(former		Shares Voted	2,000,000
Meeting Date	6/21/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Report of the Board of Directors		Mgmt	For	For
2	Accept Report of the Supervisory Committee		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Budget for the Year 2005		Mgmt	For	For
5	Approve Profit Distribution Plan		Mgmt	For	For
6	Reappoint PricewaterhouseCoopers Zhong Tian Certified Public Accountants Co. Ltd. and PricewaterhouseCoopers as Domestic and International Auditors Respectively and Authorize Board to Fix Their Remuneration		Mgmt	For	For
7	Approve Investment Plans		Mgmt	For	For
8	Approve Remuneration Scheme for Directors and Supervisors		Mgmt	For	For
9	Other Business (Voting)		Mgmt	For	For
	Special Business
1	Amend Articles Re: Transfer of 13 Percent Stake in the Company		Mgmt	For	Against
2	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
3a	Approve Refreshment of the Validity Period of the A Shares Issue		Mgmt	For	Against
3b	Approve Refreshment of the Validity Period of the Private Placement Arrangements		Mgmt	For	Against
4	Other Business (Voting)		Mgmt	For	For

Denway Motors Ltd.		Shares Voted	10,214,000
Meeting Date	2/4/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Acquisition by Denway Motors Ltd. from City Achieve Investments Ltd. of the One Share in the Issued Capital of Smartstate Investments Ltd. and the Amount of HK$56.3 Million Outstanding for a Total Consideration of Approximately HK$996.2 Million		Mgmt	For	For
2	Approve Any One Director or Any One Person Authorized by the Board to Do All Acts Necessary in Carrying Out the Transactions Contemplated Under the Acquisition Agreement		Mgmt	For	For
Denway Motors Ltd. (formerly Denway Investment)		Shares Voted	10,214,000
Meeting Date	5/30/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a	Reelect ZHANG Baoqing as Director		Mgmt	For	For
3b	Reelect LEE Ka Lun as Director		Mgmt	For	For
3c	Reelect CHEUNG Doi Shu as Director		Mgmt	For	For
3d	Reelect FUNG Ka Pun as Director		Mgmt	For	For
3e	Authorize Board to Fix the Remuneration of the Directors		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
8	Amend Articles Re: Retirement by Rotation of Directors		Mgmt	For	For
DYNASTY FINE WINES GROUP LTD		Shares Voted	266,000
Meeting Date	5/27/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2a	Reelect Bai Zhisheng as Director		Mgmt	For	For
2b	Reelect Zhang Wenlin as Director		Mgmt	For	For
2c	Reelect Wong Ching Chung as Director		Mgmt	For	For
2d	Reelect Chau Ka Wah, Arthur as Director		Mgmt	For	For
3	Authorize Board to Fix the Remuneration of the Directors		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Esprit Holdings		Shares Voted	1,342,071
Meeting Date	12/3/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports for the Year Ended June 30, 2004		Mgmt	For	For
2	Approve Final Dividend of HK$0.48 Per Share for the Year Ended June 30, 2004		Mgmt	For	For
3	Approve Special Dividend of HK$0.50 Per Share for the Year Ended June 30, 2004		Mgmt	For	For
4a	Reelect John Poon Cho Ming as Director		Mgmt	For	For
4b	Reelect Alexander Reid Hamilton as Director		Mgmt	For	For
4c	Reelect Simon Lai Sau Cheong as Director		Mgmt	For	For
4d	Reelect Jerome Squire Griffith as Director		Mgmt	For	For
5	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	For
8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
9	Amend Bylaws of the Company		Mgmt	For	For
Giant Wireless technology Ltd		Shares Voted	5,072,000
Meeting Date	7/29/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
	Ordinary Business
1	Accept Financial Statements and Statutory Reports (Voting)		Mgmt	For	For
2	Approve Directors' Fees of S$150,000 for Year Ended March 31, 2004		Mgmt	For	For
3	Reelect Tan Kay Hock as Director		Mgmt	For	For
4	Reappoint Deloitte & Touche as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
	Special Business
5	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
6	Approve Mandate for Transactions with Related Parties		Mgmt	For	For
7	Other Business (Voting)		Mgmt	For	For
Global Bio-Chem Technology Group Co. Ltd.		Shares Voted	2,700,000
Meeting Date	5/18/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a	Reelect Kong Zhanpeng as Director		Mgmt	For	For
3b	Reelect Wang Tieguang as Director		Mgmt	For	For
3c	Reelect Li Defa as Director		Mgmt	For	For
3d	Authorize Board to Fix the Remuneration of Directors		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
6	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Glorious Sun Enterprises		Shares Voted	820,000
Meeting Date	5/13/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a1	Elect Chung Shui Ming, Timpson as Director		Mgmt	For	For
3a2	Elect Lam Lee G. as Director		Mgmt	For	For
3a3	Elect Lau Hon Chuen, Ambrose as Director		Mgmt	For	For
3a4	Elect Pau Sze Kee, Jackson as Director		Mgmt	For	For
3b	Fix Remuneration of Directors		Mgmt	For	For
4	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
GOME ELECTRICAL APPLIANCES HOLDINGS LTD (formerly CHINA EAGL		Shares Voted	300,000
Meeting Date	4/15/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports for the Nine-Month Period Ended December 31, 2004		Mgmt	For	For
2	Reelect Directors, Elect a New Independent Non-Executive Director, and Authorize Board to Fix Their Remuneration		Mgmt	For	For
3	Reappoint Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
4	Approve Share Option Scheme		Mgmt	For	For
5	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
GOME ELECTRICAL APPLIANCES HOLDINGS LTD (formerly CHINA EAGL		Shares Voted	300,000
Meeting Date	4/15/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Connected Transaction with a Related Party and Annual Caps		Mgmt	For	For
2	Approve Connected Transaction with a Related Party and Annual Caps		Mgmt	For	For
3	Approve Final Dividend of HK$0.025 Per Share for the Nine-Month Period Ended Dec. 31, 2004		Mgmt	For	For
Group Sense (International)		Shares Voted	7,500,000
Meeting Date	8/18/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports for the Year Ended Mar. 31, 2004		Mgmt	For	For
2	Approve Final Dividend of HK$0.03 Per Share for the Year Ended Mar. 31, 2004		Mgmt	For	For
3a	Reelect Yung Wing Ki, Samuel as Director		Mgmt	For	For
3b	Reelect Ho Kwok Shing, Harris as Director		Mgmt	For	For
3c	Authorize Board to Fix Directors' Remuneration		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	Abstain
5a	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
5b	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
6	Amend Bylaws Re: Voting at General Meetings, Material Interest of Directors in Contracts Entered into by the Company, Nomination of Directors, Destruction of Microfilmed or Electronically Stored Documents, Electronic Communication		Mgmt	For	For
Hongkong Electric Holdings Ltd.		Shares Voted	299,000
Meeting Date	12/14/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Acquisition of the Entire Issued Capital of Alpha Central Profits Ltd. and Ancillary Transactions		Mgmt	For	For
Hongkong Electric Holdings Ltd.		Shares Voted	299,000
Meeting Date	5/12/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a	Elect George C. Magnus as Director		Mgmt	For	For
3b	Elect Canning Fok Kin-ning as Director		Mgmt	For	For
3c	Elect Tso Kai-sum as Director		Mgmt	For	For
3d	Elect Ronald J. Arculli as Director		Mgmt	For	For
3e	Elect Susan M.F. Chow as Director		Mgmt	For	For
3f	Elect Andrew Hunter as Director		Mgmt	For	For
3g	Elect Kam Hing-lam as Director		Mgmt	For	For
3h	Elect Holger Kluge as Director		Mgmt	For	For
3i	Elect Victor Li Tzar-kuoi as Director		Mgmt	For	For
3j	Elect Ewan Yee Lup-yuen as Director		Mgmt	For	For
4	Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
6	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Hopewell Holdings Ltd.		Shares Voted	200,000
Meeting Date	9/6/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Conditional Agreements Relating to Amendments of the Sino-foreign Co-operative Joint Venture Contract and Amendments of the Articles of Association of Guangdong Guangzhou-Zhuhai West Superhighway Co. Ltd. (West Route JV)		Mgmt	For	For
2	Approve Entry of West Route JV and Hopewell Highway Infrastructure Ltd. into an Agreement with Guangdong Provincial Highway Construction Co. Ltd. Relating to a Proposed Network of Dual Three Lane Toll-Expressways Linking Guangzhou, Zhongshan and Zhuhai		Mgmt	For	For
Hopewell Holdings Ltd.		Shares Voted	200,000
Meeting Date	10/18/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports for the Year Ended June 30, 2004		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a1	Reelect Gordon Ying Sheung Wu as Director		Mgmt	For	For
3a2	Reelect Thomas Jefferson Wu as Director		Mgmt	For	For
3a3	Reelect Henry Hin Moh Lee as Director		Mgmt	For	For
3a4	Reelect Robert Van Jin Nien as Director		Mgmt	For	For
3a5	Reelect Carmelo Ka Sze Lee as Director		Mgmt	For	For
3a6	Reelect Lee Yick Nam as Director		Mgmt	For	For
3b	Fix Directors' Remuneration		Mgmt	For	For
4	Reappoint Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5a	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
5b	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
6	Adopt New Articles of Association		Mgmt	For	For
HSBC Holdings Plc		Shares Voted	485,477
Meeting Date	5/27/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2.a	Re-elect Sir John Bond as Director		Mgmt	For	For
2.b	Re-elect R Ch'ien as Director		Mgmt	For	For
2.c	Re-elect J Coombe as Director		Mgmt	For	For
2.d	Re-elect Baroness Dunn as Director		Mgmt	For	For
2.e	Re-elect D Flint as Director		Mgmt	For	For
2.f	Re-elect J Hughes-Hallet as Director		Mgmt	For	For
2.g	Re-elect Sir Brian Moffat as Director		Mgmt	For	For
2.h	Re-elect S Newton as Director		Mgmt	For	For
2.i	Re-elect H Sohmen as Director		Mgmt	For	For
3	Reappoint KPMG Audit Plc as Auditors and Authorise the Board to Determine Their Remuneration		Mgmt	For	For
4	Approve Remuneration Report		Mgmt	For	For
5	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 100,000 (Preference Shares); USD 100,000 (Preference Shares); EUR 100,000 (Preference Shares); and USD 1,119,000,000 (Oridnary Shares)		Mgmt	For	For
6	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of USD 279,750,000		Mgmt	For	For
7	Authorise 1,119,000,000 Ordinary Shares for Market Purchase		Mgmt	For	For
8	Amend HSBC Holdings Savings-Related Share Option Plan		Mgmt	For	For
9	Amend HSBC Holdings Savings-Related Share Option Plan: International		Mgmt	For	For
10	Approve the HSBC US Employee Stock Plan		Mgmt	For	For
11	Approve the HSBC Share Plan		Mgmt	For	For
12	Amend Articles of Association Re: Statutory and Best Practice Changes		Mgmt	For	For
Huaneng Power International Inc.		Shares Voted	3,370,000
Meeting Date	9/28/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Amend Articles Re: Capital Structure, Composition of the Board and Supervisory Committee, Responsibilities of the Board		Mgmt	For	For
2a	Elect Huang Yongda as Director		Mgmt	For	For
2b	Elect Liu Shuyuan as Director		Mgmt	For	For
2c	Elect Liu Jipeng as Director		Mgmt	For	For
3a	Approve Overseas Issuance of Bonds in the Principal Amount of Up to $300 Million Convertible to Overseas Listed Foreign Shares within Twelve Months from Approval		Mgmt	For	For
3b	Authorize Board to Determine the Terms and Conditions of the Convertible Bonds and Relevant Matters Including the Amount of Convertible Bonds and Authorize the Board to Sign All Necessary Legal Documents for Such Purpose		Mgmt	For	For
3c	Approve Issuance of Such Number of New Overseas Listed Foreign Shares as may be Required to be Issued Pursuant to the Application for Conversion of Shares Made by Bond Holders		Mgmt	For	For
3d	Approve Increase in Registered Capital		Mgmt	For	For
Huaneng Power International Inc.		Shares Voted	3,370,000
Meeting Date	9/28/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
	Meeting For Holders of H Shares
1a	Approve Overseas Issuance of Bonds in the Principal Amount of Up to $300 Million Convertible to Overseas Listed Foreign Shares within Twelve Months from Approval		Mgmt	For	For
1b	Authorize Board to Determine the Terms and Conditions of the Convertible Bonds and Relevant Matters Including the Amount of Convertible Bonds and Authorize the Board to Sign All Necessary Legal Documents for Such Purpose		Mgmt	For	For
1c	Approve Issuance of Such Number of New Overseas Listed Foreign Shares as may be Required to be Issued Pursuant to the Application for Conversion of Shares Made by Bond Holders		Mgmt	For	For
1d	Approve Increase in Registered Capital		Mgmt	For	For
Hutchison Whampoa Limited		Shares Voted	252,000
Meeting Date	5/19/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Share Option Scheme of Hutchison Telecommunications International Ltd. (HTIL Share Option Scheme) and Authorize Directors to Approve Any Amendments to the Rules of the HTIL Share Option Scheme		Mgmt	For	For
Hutchison Whampoa Limited		Shares Voted	252,000
Meeting Date	5/19/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a	Elect LI Tzar Kuoi, Victor as Director		Mgmt	For	For
3b	Elect FOK Kin-ning, Canning as Director		Mgmt	For	For
3c	Elect KAM Hing Lam as Director		Mgmt	For	For
3d	Elect Holger KLUGE as Director		Mgmt	For	For
3e	Elect WONG Chung Hin as Director		Mgmt	For	For
4	Approve Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Kingboard Chemical Holdings Ltd		Shares Voted	950,000
Meeting Date	11/19/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Acquisition of All Issued Shares and Cancellation of Outstanding Options of Elec & Eltek International Hldgs. Ltd. (Elec & Eltek) by Ease Ever Investments Ltd. and Acquisition of All Issued Ordinary Shares of Elec & Eltek by Elitelink Hldgs. Ltd.		Mgmt	For	For
Kingboard Chemical Holdings Ltd		Shares Voted	950,000
Meeting Date	12/22/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Revised Shirai Supply Annual Caps		Mgmt	For	For
Kingboard Chemical Holdings Ltd		Shares Voted	950,000
Meeting Date	5/18/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3	Reelect Directors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
5b	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
5c	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
6a	Amend Articles Re: Voting by Poll		Mgmt	For	For
6b	Amend Articles Re: Appointment of Directors		Mgmt	For	For
6c	Amend Articles Re: Retirement by Rotation of Directors		Mgmt	For	For
6d	Adopt New Articles of Association		Mgmt	For	For
Maanshan Iron & Steel Company Ltd.		Shares Voted	4,880,000
Meeting Date	6/14/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Working Report of the Board of Directors for the Year 2004		Mgmt	For	For
2	Accept Working Report of the Supervisory Committee for the Year 2004		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Proposed Profit Appropriation for the Year 2004		Mgmt	For	For
5	Appoint Ernst & Young Hua Ming and Ernst & Young as Auditors for the Year 2005 and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve Technological Revamping and Structural Adjustment Master Plan for the Eleventh Five-Year Plan		Mgmt	For	For
Midland Holdings Ltd (formerly Midland Realty Holdings Ltd)		Shares Voted	2,000,000
Meeting Date	6/6/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Amend Bylaws Re: Retirement by Rotation of Directors		Mgmt	For	For
2	Approve New EVI Share Option Scheme		Mgmt	For	For
Midland Realty Holdings Ltd		Shares Voted	2,000,000
Meeting Date	4/15/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend of HK$0.123 Per Share		Mgmt	For	For
3a	Reelect Cheung Kam Shing as Director		Mgmt	For	For
3b	Reelect Lam Fung Fong as Director		Mgmt	For	For
3c	Reelect Chan Kwan Hing as Director		Mgmt	For	For
3d	Reelect Kwok Ying Lung as Director		Mgmt	For	For
3e	Reelect Koo Fook Sun, Louis as Director		Mgmt	For	For
3f	Reelect Sun Tak Chiu as Director		Mgmt	For	For
3g	Reelect Wang Ching Miao, Wilson as Director		Mgmt	For	For
3h	Authorize Board to Fix the Remuneration of Directors		Mgmt	For	For
4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
Midland Realty Holdings Ltd		Shares Voted	2,000,000
Meeting Date	4/15/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1a	Change Company Name to Midland Holdings Ltd.		Mgmt	For	For
1b	Adopt the Chinese Name		Mgmt	For	For
1c	Authorize Board to Do All Acts Necessary to Implement the Change in Company Name		Mgmt	For	For
2	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
3	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
4	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Petrochina Co. Ltd.		Shares Voted	8,256,000
Meeting Date	5/26/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Report of the Board of Directors		Mgmt	For	For
2	Accept Report of the Supervisory Committee		Mgmt	For	For
3	Accept Financial Statements and Statutory Reports		Mgmt	For	For
4	Approve Final Dividend		Mgmt	For	For
5	Authorize Board to Determine the Distribution of Interim Dividend for 2005		Mgmt	For	For
6	Appoint PricewaterhouseCoopers, Certified Public Accountants as International Auditors and PricewaterhouseCoopers Zhong Tian CPAs Co. Ltd., Certified Public Accountants as Domestic Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
7	Amend Articles Re: Editing Changes, Reports Available to Shareholders, Voting at Meetings, Nomination of Directors, Releasing of Notices of Meetings, Material Interest of Directors in Contracts Entered into by the Company		Mgmt	For	For
8	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
9	Other Business (Voting)		Mgmt	For	For
Sinopec Shanghai Petrochemical Co. (formerly Shanghai Petroc		Shares Voted	4,204,000
Meeting Date	6/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept 2004 Report of the Directors		Mgmt	For	For
2	Accept 2004 Report of the Supervisory Committee		Mgmt	For	For
3	Accept 2004 Financial Statements and 2005 Budget		Mgmt	For	For
4	Approve 2004 Allocation of Income		Mgmt	For	For
5	Reappoint KPMG Huazhen and KPMG as Domestic and International Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6a1	Elect Rong Guangdao as Director		Mgmt	For	For
6a2	Elect Du Chongjun as Director		Mgmt	For	For
6a3	Elect Han Zhihao as Director		Mgmt	For	For
6a4	Elect Wu Haijun as Director		Mgmt	For	For
6a5	Elect Gao Jinping as Director		Mgmt	For	For
6a6	Elect Shi Wei as Director		Mgmt	For	For
6a7	Elect Lei Dianwu as Director		Mgmt	For	For
6a8	Elect Xiang Hanyin as Director		Mgmt	For	For
6a9	Elect Chen Xinyuan as Independent Non-Executive Director		Mgmt	For	For
6a10	Elect Sun Chiping as Independent Non-Executive Director		Mgmt	For	For
6a11	Elect Jiang Zhiquan as Independent Non-Executive Director		Mgmt	For	For
6a12	Elect Zhou Yunnong as Independent Non-Executive Director		Mgmt	For	For
6b1	Elect Yin Yongli as Supervisor		Mgmt	For	For
6b2	Elect Liu Xiangdong as Supervisor		Mgmt	For	For
6b3	Elect Lu Xiangyang as Supervisor		Mgmt	For	For
6b4	Elect Gen Limin as Supervisor		Mgmt	For	For
7a	Amend Articles of Association		Mgmt	For	For
7b	Amend Rules of Procedures for Shareholders General Meetings		Mgmt	For	For
7c	Amend Rules of Procedures for Board of Directors Meetings		Mgmt	For	For
Sinopec Shanghai Petrochemical Co. (formerly Shanghai Petroc		Shares Voted	4,204,000
Meeting Date	6/28/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Sales and Purchases Framework Agreement		Mgmt	For	For
2	Approve Comprehensive Services Framework Agreement		Mgmt	For	For
3	Approve Caps for Continuing Connected Transactions		Mgmt	For	For
Skyworth Digital		Shares Voted	8,400,000
Meeting Date                                             9/1/2004				Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3	Reelect Director		Mgmt	For	For
4	Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Amend Bylaws Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company, Distribution of Summary Financial Reports, Electronic Communication		Mgmt	For	For
7	Approve Issuance of Shares Pursuant to the Share Option Scheme		Mgmt	For	For
8	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
9	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
10	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
11	Elect Cheng Kin Chung as an Executive Director		Mgmt	For	For
12	Elect Xie Zhengcai as an Independent Non-Executive Director		Mgmt	For	For
SURFACE MOUNT TECH		Shares Voted	2,502,000
Meeting Date	7/21/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Adopt Financial Statements and Directors' and Auditors' Reports		Mgmt	For	For
2	Declare Final Dividend of HK$0.10 Per Share		Mgmt	For	For
3	Approve Directors' Fees of SGD 175,875 Payable to Daniel Cuthbert Ee Hock Huat, Lim Jiew Keng and Antonio Chan for the Year Ending Mar. 31, 2005		Mgmt	For	For
4	Reelect Daniel Cuthbert Ee Hock Huat as Director		Mgmt	For	For
5	Reappoint Deloitte & Touche as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve Issuance of Shares without Preemptive Rights		Mgmt	For	Against
7	Approve Issuance of Shares and Grant of Options Pursuant to the Share Option Schemes I and II		Mgmt	For	For
8	Authorize Share Repurchase Program		Mgmt	For	For
Swire Pacific		Shares Voted	536,500
Meeting Date	5/12/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Final Dividends		Mgmt	For	For
2a	Reelect M Cubbon as Director		Mgmt	For	For
2b	Reelect Baroness Dunn as Director		Mgmt	For	For
2c	Reelect C Lee as Director		Mgmt	For	For
2d	Elect M C C Sze as Director		Mgmt	For	For
2e	Elect V H C Cheng as Director		Mgmt	For	For
3	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
4	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
6	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Techtronic Industries		Shares Voted	3,636,000
Meeting Date	1/3/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Conditional Stock Purchase by Techtronic Industries Co. Ltd., Ryobi Technologies GmbH and Techtronic Industries North America, Inc. from Atlas Copco AB, Atlas Copco North America Inc. and Atlas Copco Hldg. GmbH		Mgmt	For	For
Techtronic Industries		Shares Voted	3,636,000
Meeting Date	5/30/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend of HK$0.125 Per Share		Mgmt	For	For
3a	Reelect Horst Julius Pudwill as Group Executive Director		Mgmt	For	For
3b	Reelect Vincent Ting Kau Cheung as Non-Executive Director		Mgmt	For	For
3c	Reelect Christopher Patrick Langley as Independent Non-Executive Director		Mgmt	For	For
3d	Reelect Manfred Kuhlmann as Independent Non-Executive Director		Mgmt	For	For
3e	Authorize Board to Fix the Remuneration of Directors for 2005		Mgmt	For	For
4	Appoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	For
6	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
7	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
8	Approve Issuance of Shares Pursuant to the Share Option Scheme		Mgmt	For	For
VICTORY CITY INTERNATIONALHOLDINGS LTD		Shares Voted	5,111,090
Meeting Date	8/18/2004			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1a	Approve Grant of Options to Subscribe for a Total of 55 Million Shares at a Subscription Price of HK$3.15 per Share Beyond the 10 Percent General Scheme Limit Pursuant to the Share Option Scheme		Mgmt	For	For
1b	Authorize Board to Take Necessary Steps in Connection with the Grant of Options in Item 1a		Mgmt	For	For
2a1	Approve Grant of Options to So Kam Wah to Subscribe for Four Million Shares		Mgmt	For	For
2a2	Approve Grant of Options to Lee Yuen Chiu, Andy to Subscribe for Four Million Shares		Mgmt	For	For
2a3	Approve Grant of Options to Choi Lin Hung to Subscribe for Four Million Shares		Mgmt	For	For
2a4	Approve Grant of Options to Lee Chung Shing to Subscribe for Four Million Shares		Mgmt	For	For
2a5	Approve Grant of Options to Wong Kam Hoi to Subscribe for Four Million Shares		Mgmt	For	For
2a6	Approve Grant of Options to Sy Wing Shuen to Subscribe for Four Million Shares		Mgmt	For	For
2a7	Approve Grant of Options to Wong Bing Koi to Subscribe for Four Million Shares		Mgmt	For	For
2a8	Approve Grant of Options to Ku Wai Sun, Cupid to Subscribe for Four Million Shares		Mgmt	For	For
2a9	Approve Grant of Options to Ng Ming Wah to Subscribe for Four Million Shares		Mgmt	For	For
2a10	Approve Grant of Options to Ng Tsze Lun to Subscribe for Four Million Shares		Mgmt	For	For
2b	Authorize Board to Take Necessary Steps in Connection with the Grant of Each of the Options		Mgmt	For	For
3	Approve Issuance of Shares Pursuant to the Share Option Scheme		Mgmt	For	For
4	Amend Bylaws Re: Voting at General Meetings, Nomination of Directors, Material Interest of Directors in Contracts Entered into by the Company, Destruction of Corporate Documents, Distribution of Summary Financial Reports, Use of Electronic Communication		Mgmt	For	For
VICTORY CITY INTERNATIONALHOLDINGS LTD		Shares Voted	5,111,090
Meeting Date	9/15/2004			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend of HK$0.045 Per Share by Way of a Scrip Dividend		Mgmt	For	For
3a	Reelect Lee Yuen Chiu, Andy as Executive Director		Mgmt	For	For
3b	Reelect Kan Ka Hon as Independent Non-Executive Director		Mgmt	For	For
3c	Authorize Board to Fix Directors' Remuneration		Mgmt	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5a	Approve Corporate Guarantee for an Amount of Up to $5 Million in Favour of Citibank N.A. in Respect of Facilities of Up to $5 Million to be Granted to Ford Glory International Limited (Ford Glory)		Mgmt	For	For
5b	Approve Corporate Guarantee for an Unlimited Amount in Favour of East Asia Heller Limited in Respect of Facilities of Up to $4 Million to be Granted to Ford Glory		Mgmt	For	For
5c	Approve Corporate Guarantee for an Amount of Up to $10 Million in Favour of Bank of America N.A. in Respect of Facilities of Up to $10 Million to be Granted to Ford Glory Which are Jointly Available to Ford Glory and Victory City Co. Ltd.		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Wharf (Holdings) Ltd.		Shares Voted	579,000
Meeting Date	5/18/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a	Reelect Paul M.P. Chan as Director		Mgmt	For	For
3b	Reelect Edward K.Y. Chen as Director		Mgmt	For	For
3c	Reelect Raymond K.F. Ch'ien as Director		Mgmt	For	For
3d	Reelect Vincent K. Fang as Director		Mgmt	For	For
4	Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
5	Approve Increase in Fees Payable to Each Director From HK$35,000 Per Annum to HK$50,000 Per Annum and Extra Remuneration of HK$15,000 Per Annum for Each Member of the Audit Committee		Mgmt	For	For
6	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Wing Hang Bank Ltd		Shares Voted	379,400
Meeting Date	4/21/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Approve Final Dividend		Mgmt	For	For
3a	Reelect Cheng Hon Kwan as Director		Mgmt	For	For
3b	Reelect Kenneth A Lopian as Director		Mgmt	For	For
3c	Reelect Louis C W Ho as Director		Mgmt	For	For
3d	Reelect Aloysius H Y Tse as Director		Mgmt	For	For
4	Authorize Board to Fix the Remuneration of Directors		Mgmt	For	For
5	Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	For	Against
7	Approve Repurchase of Up to 10 Percent of Issued Capital		Mgmt	For	For
8	Authorize Reissuance of Repurchased Shares		Mgmt	For	Against
Yanzhou Coal Mining Company Limited		Shares Voted	3,222,000
Meeting Date	6/28/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Working Report of the Board of Directors		Mgmt	For	For
2	Accept Working Report of the Supervisory Committee		Mgmt	For	For
3	Accept Financial Statements		Mgmt	For	For
4	Approve Remuneration of Directors and Supervisors for 2005		Mgmt	For	For
5	Approve Anticipated Amount of Sale of Products and Commodities of the Company for 2005		Mgmt	For	For
6	Approve Proposed Profit Distribution Plan Including the Final Dividend Distribution Plan and Issue of Bonus Shares on the Basis of Six Bonus Shares for Every 10 Existing Shares		Mgmt	For	For
7	Amend Articles of Association		Mgmt	For	For
8	Ratify and Confirm the Directors of the Second Session of the Board and Supervisors of the Second Session of the Supervisory Committee to Continue Carrying Out Their Duties as Directors and Supervisors		Mgmt	For	For
9a	Elect Wang Xin as Director		Mgmt	For	For
9b	Elect Geng Jiahuai as Director		Mgmt	For	For
9c	Elect Yang Deyu as Director		Mgmt	For	For
9d	Elect Shi Xuerang as Director		Mgmt	For	For
9e	Elect Chen Changchun as Director		Mgmt	For	For
9f	Elect Wu Yuxiang as Director		Mgmt	For	For
9g	Elect Wang Xinkun as Director		Mgmt	For	For
9h	Elect Chen Guangshi as Director		Mgmt	For	For
9i	Elect Dong Yunqing as Director		Mgmt	For	For
10a	Elect Pu Hongjiu as Independent Non-Executive Director		Mgmt	For	For
10b	Elect Cui Jianmin as Independent Non-Executive Director		Mgmt	For	For
10c	Elect Wang Xiaojun as Independent Non-Executive Director		Mgmt	For	For
10d	Elect Wang Quanxi as Independent Non-Executive Director		Mgmt	For	For
11a	Elect Meng Xianchang as Supervisor (Not Representing Employees)		Mgmt	For	For
11b	Elect Song Guo as Supervisor (Not Representing Employees)		Mgmt	For	For
11c	Elect Zhang Shengdong as Supervisor (Not Representing Employees)		Mgmt	For	For
11d	Elect Liu Weixin as Supervisor (Not Representing Employees)		Mgmt	For	For
12	Adopt the Rules of Procedure for Shareholders Meeting of Yanzhou Coal Mining Co. Ltd.		Mgmt	For	For
13	Adopt the Rules of Procedure for Board of Directors of Yanzhou Coal Mining Co. Ltd.		Mgmt	For	For
14	Adopt the Rules of Procedure for Supervisory Committee of Yanzhou Coal Mining Co. Ltd.		Mgmt	For	For
15	Adopt the Management Measures for the Directors Decision Making Risk Fund of Yanzhou Coal Mining Co. Ltd.		Mgmt	For	For
16	Approve Deloitte Touche Tohmatsu (CPAs in Hong Kong) and Deloitte Touche Tohmatsu CPAs Ltd. (CPAs in PRC) as International and Domestic Auditors Respectively and Fix Their Remuneration		Mgmt	For	For
17	Approve Issuance of Additional H Shares without Preemptive Rights		Mgmt	For	Against
Zhenhai Refining & Chemical Co Ltd		Shares Voted	3,326,000
Meeting Date	2/18/2005			Meeting Type	EGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Approve Continuing Connected Transactions with a Related Party		Mgmt	For	For
2	Authorize the Executive Directors to Sign and Prepare All Necessary Documents and Take All Necessary Actions to Fulfill Obligations in Relation to the Connected Transactions Proposed Above		Mgmt	For	For
Zhenhai Refining & Chemical Co Ltd		Shares Voted	3,326,000
Meeting Date	6/17/2005			Meeting Type	AGM
Ballot Issues			Proponent	Mgmt	Vote
				Rec	Cast
1	Accept Financial Statements and Statutory Reports		Mgmt	For	For
2	Accept Report of the Supervisory Committee		Mgmt	For	For
3	Approve Profit Appropriation Proposal for 2004		Mgmt	For	For
4	Approve Resignation of Zhao Jinxuan as Executive Director of the Fourth Board of Directors		Mgmt	For	For
5	Approve Remuneration of Directors and Supervisors Representing Shareholders for the Year 2005		Mgmt	For	For
6	Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	For	For

GLOBAL INNOVATORS FUND

			GINN Proxy Voting Record 30/06/04 - 30/06/05
		Meeting
	Company Name	Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Dell	16-Jul-04	45700		DELL
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	Election of 10 directors	I
2	for	for	Ratification of independent auditors	I
3	for	for	Stockholder proposal relating to expensing stock options	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Vodafone	27-Jul-04	63648		VOD
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	receive the report of the directors and financial statements	I
2	for	for	approve the remuneration report	I
3	for	for	reelect 4 directors	I
4	for	for	approve final dividend of 1.07899 pence per ordinary share	I
5	for	for	reappoint Deloitte and Touche LLP as auditors	I
6	for	for	authorize audit committee to determine auditors' remuneration	I
7	for	for	authorize donations under the political parties, elections and	I
			referendums Act 2000
8	for	for	renew authority to allot shares	I
9	for	for	renew authority to disapply preemption rights	I
10	for	for	authorize company's purchase of its own shares	I
11	for	for	authorize company's purchase of its own shares pursuant to	I
			contingent purchase contracts and off-market purchases
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Acxiom	4-Aug-04	59400		ACXM
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	elect four directors	I
2	DID NOT VOTE	for	approve an increase in number of shares available	I
3	DID NOT VOTE	for	transact any other business that properly comes before the meeting	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Nvidia	19-Aug-04	68200		NVDA
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	elect 3 directors	I
2	for	for	ratify the selection of Price Waterhouse Coopers LLP	I
			as Nvidia's independent auditors for the fiscal year
			ending January 30, 2005
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	News Corporation	26-Oct-04	43342		NCP AU
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	reelection of two directors	I
2	DID NOT VOTE	for	election of four directors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Oracle	29-Oct-04	131930		ORCL
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	elect a board of directors to serve for ensuing year	I
2	DID NOT VOTE	for	approve the adoption of Fiscal Year 2005 Executive bonus plan	I
3	DID NOT VOTE	for	ratify selection of Ernst & Young LLP as accountants	I
4	DID NOT VOTE	for	approve amended and restated 2000 long-term equity incentive plan	I
5	DID NOT VOTE	for	consider a stockholder proposal	I
6	DID NOT VOTE	for	transact such other business as may properly come before the meeting	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Microsoft	09-Nov-04	54028		MSFT
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	elect directors	I
2	DID NOT VOTE	for	consider and vote upon proposed amendments to 2001 stock plan	I
3	DID NOT VOTE	for	consider and vote upon proposed amendments to 1999 stock plan	I
4	DID NOT VOTE	for	consider and vote upon material terms of performance criteria	I
5	DID NOT VOTE	for	ratify seleection of Deloitte & Touche LLP as auditors	I
6	DID NOT VOTE	for	transact such other business as may arise	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Sun Microsystems	10-Nov-04	368090		SUNW
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	elect nine directors	I
2	for	for	ratify appointment of independent accountants	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Costco	27-Jan-05	35300		COST
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	elect four directors	I
2	for	for	amend 2002 stock incentive plan	I
3	against	against	adopt a vendor code of conduct	S
4	for	against	develop a policy for land procurement and use	S
5	for	for	ratify selection of independent auditors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Samsung Electronics	28-Feb-05	7900		005930 KS
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	approve balance sheet and income statement	I
2	for	for	approve appointment of In-Joo Kim as executive director	I
3	for	for	approve compensation ceiling for directors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Nokia	07-Apr-05	91742		NOK
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	elect ten directors	I
2	DID NOT VOTE	for	approve dividend proposal	I
3	DID NOT VOTE	for	discharge chairman, board and president form liability	I
4	DID NOT VOTE	for	deal with proposal on board composition	I
5	DID NOT VOTE	for	approve auditors' remuneration	I
6	DID NOT VOTE	for	approve reelection of PricewaterhouseCoopers as auditors	I
7	DID NOT VOTE	for	approve proposal to grant stock options to company members	I
8	DID NOT VOTE	for	approve proposal to reduce share capital	I
9	DID NOT VOTE	for	authorize board to increase share capital	I
10	DID NOT VOTE	for	authorize board to repurchase Nokia shares	I
11	DID NOT VOTE	for	authorize board to dispose Nokia shares held by the company	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Citigroup	19-Apr-05	29,800		C
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all nominees	I
2	for	for	auditors	I
3	for	for	ammended and restated citi stock incentive plan	I
4	against	against	curb on executive compensation	S
5	against	against	reporting political contributions	S
6	against	against	limiting chairman's responsibilities	S
7	against	against	limit ceo compensation to 100X	S
8	for	against	election of directors by majority	S
9	against	against	prohibiting payment of non deductable comp to any officer	S
10	for	against	majority voting	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	State Street	20-Apr-05	32,374		STT
	Vote (3)	MRV (4)	Proposal (5)
1	For	For	all directors	I
2	for	for	ernst and young as independent auditors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	L-3 Communications	26-Apr-05	20,000		LLL
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	Election of directors	I
2	for	for	PWC as auditors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Pfizer	28-Apr-05	58,300		PFE
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	election of all direcotrs	I
2	for	for	KPMG as auditors	I
3	against	against	directors term limits	S
4	against	against	a report requesting a report on increasing access to products	S
5	against	against	proposal relating to importation of products	S
6	against	against	political proposal	S
7	against	against	proposal relating to canadian product availability	S
8	against	against	separation of roles of ceo and chair.	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Cemex	28-Apr-05	37,663		CX
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	present, discuss and approve financial statements	I
2	DID NOT VOTE	for	propose allocation of profits	I
3	DID NOT VOTE	for	propose to increase Capital stock of the company	I
4	DID NOT VOTE	for	appoint directors and auditors	I
5	DID NOT VOTE	for	arrange compensation of directors and auditors	I
6	DID NOT VOTE	for	appoint delegates to formalize resolutions adopted at meeting	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	First Data	11-May-05	36264		FDC
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all directors	I
2	for	for	an increase in the number of shares available issueable under stock incentive plan	I
3	for	for	ratification of selection of ernst and young as auditors	I
4	against	against	shareholder proposal on job loss and dislocation impact	S
5	for	against	shareholder proposal on director liability	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Taiwan Semiconductors	10-May-05	167,912		TSM
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	accept 2004 business report and Financial Statements	I
2	DID NOT VOTE	for	approve proposal for distribution of 2004 profits	I
3	DID NOT VOTE	for	approve the capiatalization of 2004 stock dividends and employee	I
			profit sharing
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Nucor	12-May-05	25,900		NUE
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all nominees	I
2	for	for	ratify appointment of PWC as auditors	I
3	for	for	approve ammendament to restated certificate of incorporation	I
4	for	for	2005 stock option plan	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Amazon	17-May-05	40,700		AMZN
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all nominees	I
2	for	for	ratification of appointment of ernst and young as auditors	I
3	against	against	voting standards for election of directors	S
	Company Name	Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Cable and Wireless PLC	22-Jul-04	215,500		CW
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	adopt the report and accounts	I
2	for	for	approve the remuneration report	I
3	for	for	reappoint the auditors	I
4	for	for	authorize the directors to set the remuneration of the auditors	I
5	for	for	amend the rules of the incentive plan	I
6	for	for	amend the rules of the deferred short term incentive plan	I
7	for	for	operate the incentive plan in France	I
8	for	for	authorize the company to make political donations	I
9	for	for	purchase of own shares by the company	I
10	for	for	amend the articles of association	I
11	for	for	offer a scrap dividend scheme	I
12	for	for	declare a full-year dividend	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Sony Corporation	22-Jun-05	37808		6758C
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	To amend a part of the Articles of Incorporation	I
2	for	for	To elect 12 directors	I
3	for	for	To issue Stock Acquisition rights for shares of common	I
			stock of the Corp. for the purpose of granting stock options
4	against	against	To amend the Articles of Incorporation with respect to	S
			disclosure to shareholders regarding remuneration paid to
			each director
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Honda	23-Jun-05	27600		HMC AR
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	approval of proposal for appropriation of retained earnings	I
2	DID NOT VOTE	for	partial amendments to the articles of incorporation	I
3	DID NOT VOTE	for	election of twenty-one directors	I
4	DID NOT VOTE	for	election of one corporate auditor	I
5	DID NOT VOTE	for	revision of amount of remuneration payable to directors	I
6	DID NOT VOTE	for	payment of bonus to directors and corporate auditors	I
7	DID NOT VOTE	for	presentation of retirement allowance to retiring directors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Toyota	23-Jun-05	9200		TM
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	approve proposed appropriation of retained earnings for the FY2005 term	I
2	DID NOT VOTE	for	elect 26 directors	I
3	DID NOT VOTE	for	elect one corporate auditor	I
4	DID NOT VOTE	for	issue stock acquisition rights	I
5	DID NOT VOTE	for	repurchase shares	I
6	DID NOT VOTE	for	award bonus repayments to retiring directors	I
7	DID NOT VOTE	against	amend articles of incorporation (part 1)	S
8	DID NOT VOTE	against	amend articles of incorporation (part 2)	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	WPP	27-Jun-05	26470
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	receive company accounts	I
2	DID NOT VOTE	for	declare a final dividend	I
3	DID NOT VOTE	for	elect three directors	I
4	DID NOT VOTE	for	reelect three directors	I
5	DID NOT VOTE	for	reappoint Deloitte & Touche LLP as auditors	I
6	DID NOT VOTE	for	empower directors to allot relevant securities	I
7	DID NOT VOTE	for	authorise company to make market purchases in the Company	I
8	DID NOT VOTE	for	empower directors to allot equity securities for cash	I
9	DID NOT VOTE	for	set out WPP dorectors' remuneration report	I

GLOBAL ENERGY FUND

			GAGEX PROXY VOTING RECORD 30/06/04 - 30/06/05
		Meeting
	Company Name	Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Valero	13-Sep-04	240		VLO
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	approve an amendment to Valero's Restated Certificate of Incorporation to increase the	I
			total number of shares of Common Stock, par value $0.01 per share, that Valero has the
			authority to issue from 300,000,000 share to 600,000,000 shares
2	DID NOT VOTE	for	transact any other business properly brought before the meeting or any adjournments or postponements thereof	I
		Meeting
	Company Name	Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Gazprom	28-Sep-04	110		GSPBEX * RU
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	to exclude sections 43.3 - 43.7 from the charter of OAO Gazprom	I
		Meeting
	Company Name	Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Sasol	30-Nov-04	1820		SOL SJ
	Vote (3)	MRV (4)	Proposal (5)
1	For all	For all	Reelection of directors	I
2	for	for	Accept Financial Statements and Statutory Reports for Year Ended June 30, 2004	I
3	for	for	Ratify Reappointment of KPMG Inc. as Auditors	I
4	for	for	Authorize Repurchase of Up to 20 Percent of Issued Share Capital	I
5	for	for	Place 5 Percent of Authorized But Unissued Shares under Control of Directors	I
6	for	for	Approve Remuneration of Directors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Petrobras	31-Mar-05	5795		PBR/A
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	Management report, Financial statements and Audit Committee's Opinion for fiscal year 2004	I
2	DID NOT VOTE	for	Capital Expenditure budget for fiscal year 2005	I
3	DID NOT VOTE	for	Distribution of results for fiscal year 2004	I
4	DID NOT VOTE	for	Election of members of the Board of Directors	I
5	DID NOT VOTE	for	Establishment of the compensation of management and effective members of the Audit Committee	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Canadian Oil Sands	25-Apr-05	2815		COS-U CN
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	auditors	I
2	for	for	directors	I
3	for	for	unit option plan	I
4	for	for	housekeeping	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Petro Canada	26-Apr-05	3265		PCA CN
	Vote (3)	MRV (4)	Proposal (5)
1.1to1.12	for	for	all directors	I
2	for	for	auditors	I
3	for	for	stock incentive plan	I
4	for	for	repeal by law no 2	I
		Meeting
	Company Name	Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Burlington Res	27-Apr-05	3006		BR
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all directors	I
2	for	for	pricewaterhouse cooper	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Chevron Texaco	27-Apr-05	2396		CVX
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all nominees	I
2	for	for	independatant accounting firm	I
3	against	against	directors compenstation	S
4	for	against	executive severance agreements	S
5	against	against	animal testing	S
6	against	against	oil and gas drilling in sensitive areas	S
7	against	against	report on ecuador	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Encana	27-Apr-05	2563		ECA CN
	Vote (3)	MRV (4)	Proposal (5)
1.1 to 1.15
	for	for	all directors	I
2	for	for	approve auditors and authorise board to fix renumeration of auditors	I
3	for	for	ammend stock option plan	I
4	for	for	stock split	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Marathon	27-Apr-05	3228		MRO
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all directors	I
2	for	for	ratification of PWC as auditors	I
3	against	against	declasification of directors	S
4	against	against	election of directors by majority	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Nexen	27-Apr-05	3699		NXY CN
	Vote (3)	MRV (4)	Proposal (5)
1.1 to 1.11
	for	for	all directors	I
2	for	for	ratify deloitte & touche LLP as Auditors	I
3	for	for	ammendment of stockholders rights plan	I
4	for	for	approve 2.1 share split.	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Shell Canada	29-Apr-05	2586		SHC CN
	Vote (3)	MRV (4)	Proposal (5)
1	For	For	election of directors	I
2	For	For	PWC as auditors	I
3	for	for	3 for 1 stock split	I
4	against	against	supplmental executive retirement plan	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	OPTI Canada	4-May-05	10180		OPC CN
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	election of directors	I
2	for	for	PWC as auditors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Amerada Hess	4-May-05	2026		AHC
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all nominees	I
2	for	for	ratification of the selection of ernst and young as auditors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Tesoro	04-May-05	5300		TSO
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	election of eight directors	I
2	DID NOT VOTE	for	proposal to adopt the 2005 Non-Employee Director Stock Plan	I
3	DID NOT VOTE	for	ratification of the appointment of Deloitte & Touche LLP as the company's independent	I
			auditors for 2005
4	DID NOT VOTE	for	transact such other business as may properly come before the meeting or any adjournment thereof	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Apache	5-May-05	3219		APA
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all directors to be elected	I
2	for	for	approval of 2005 stock option plan	I
3	for	for	approval of 2005 share appreciation plan	I
4	against	against	shareholder proposal concerning director majority vote	S
5	against	against	shareholder proposal concerning auditor independence	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Canadian Natural Resources	5-May-05	3527		CNQ CN
	Vote (3)	MRV (4)	Proposal (5)
1	For	For	Elect directors	I
2	for	for	pricewaterhouseCoopers as auditors	I
3	for	for	2:1 stock split	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Conocophillips	5-May-05	1729		COP
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all nominees	I
2	for	for	ratification of ernst and young as auditors	I
3	against	against	compensation limits	S
4	against	against	director election vote standard	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Newfield	5-May-05	3,283		NFX
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	nominate thirteen directors until 2006	I
2	DID NOT VOTE	for	ratify appointment of independent accountants	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Peabody Energy	6-May-05	2125		BTU
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all nominees	I
2	for	for	ratification of independent registered accounting firm	I
3	for	for	approval of increase in authorised shares of common stock	I
4	against	against	proposal regarding director independence	S
5	against	against	proposal regarding classified board	S
6	against	against	proposal regarding majority voting	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Shandong Molong	7-May-05	96000		8261 HK
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	accept report of the directors	I
2	for	for	report of the supervisors	I
3	for	for	financial statements	I
4	for	for	approve final dividend of RMB0.015 per share	I
5	for	for	re-elect director	I
6	for	for	ernst and young as directors	I
7	against	for	issuance of equity	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Anadarko	12-May-05	18495		APC
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	Elect three directors	I
2	DID NOT VOTE	for	Approve the Amended and Restated 1999 Stock Incentive Plan	I
3	DID NOT VOTE	for	Ratify the appointment of KPMG LLP as the Company's independent auditor for 2005	I
4	DID NOT VOTE	for	If properly presented, consider and vote upon a stockholder proposal regarding corporate	I
			political giving
5	DID NOT VOTE	for	Transact such other business as may properly come before the meeting and any	I
			adjournments or postponements thereof
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Abbot Group	17-May-05	49568		ABG LN
	Vote (3)	MRV (4)	Proposal (5)
1	DID NOT VOTE	for	to receive and adopt the Directors' Report	I
2	DID NOT VOTE	for	to declare a final dividend of 3.2p per ordinary share	I
3	DID NOT VOTE	for	to reppoint two directors	I
4	DID NOT VOTE	for	to reappoint PricewaterhouseCoopers LLP as auditors	I
5	DID NOT VOTE	for	to authorise the directors to determine the remuneration of the auditors	I
6	DID NOT VOTE	for	to approve the Directors' remuneration report	I
7	DID NOT VOTE	for	to allot relevant securities	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	OMV AG	18-May-05	669		OMV AV
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	Receive Financial Statements and Statutory Reports	I
2	for	for	Approve Allocation of Income	I
3	for	for	Approve EUR 81.9 Million Capitalization of Reserves Issue	I
4	for	for	Approve 10:1 Stock Split	I
5	for	for	Amend Articles Re: Supervisory Board Resolutions	I
6	for	for	Approve Discharge of Management and Supervisory Boards	I
7	for	for	Approve Remuneration of Supervisory Board Members	I
8	for	for	Approve Stock Option Plan for Key Employees	I
9	for	for	Ratify Auditors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Unocal	23-May-05	2900		UCL
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all nominees	I
2	for	for	ratification of appointment of PWC as auditors	I
3	against	against	amendment to certificate of incorporation to require that the chairman be independent	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Petrochina	26-May-05	301000		857 HK
	Vote (3)	MRV (4)	Proposal (5)
1	For	For	Accept Report of the Board of Directors	I
2	For	For	Accept Report of the Supervisory Committee	I
3	For	For	Accept Financial Statements and Statutory Reports	I
4	For	For	Approve Final Dividend	I
5	For	For	Authorize Board to Determine the Distribution of Interim Dividend for 2005	I
6	For	For	Appoint PricewaterhouseCoopers, Certified Public Accountants	I
7	For	For	Amend Articles Re: Editing Changes, Reports Available to Shareholders, Voting at Meetings, Nomination of Directors	I
8	Against	For	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	I
9	For	For	Other Business (Voting)	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Repsol	30-May-05	8068		REP SM
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	Approve Financial Statements, Allocation of Income, and Discharge Directors for Fiscal Year Ended 12-31-04	I
2	for	for	Present Amendments of the Board Governance Guidelines	I
3	for	for	Amend Articles 40, 47, and 38 of The Bylaws and Amend Chapter 2, Title 4 of the Board Governance Guidelines	I
4	for	for	Elect Directors	I
5	for	for	Approve Auditors for Company and Consolidated Group	I
6	for	for	Authorize Share Repurchase Program	I
7	for	for	Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights	I
8	for	for	Authorize Issuance of Convertible and Non-convertible Bonds without Preemptive Rights	I
9	for	for	Authorize Board to Ratify and Execute Approved Resolutions	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Imperial Energy	1-Jun-05	600		IEC LN
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	Accept Financial Statements and Statutory Reports	I
2	for	for	Elect Peter Levine as Director	I
3	for	for	Elect Denis Capelson as Director	I
4	for	for	Elect Kenneth Forrest as Director	I
5	for	for	Elect Pierre Godec as Director	I
6	for	for	Elect Rupert Kidd as Director	I
7	for	for	Reappoint Baker Tilly as Auditors and Authorise the Board to Determine Their Remuneration	I
8	for	for	Approve Increase in Remuneration of Directors from GBP 100,000 to GBP 200,000	I
9	for	for	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 500,000	I
10	for	for	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of GBP 500,000	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Venture Production	2-Jun-05	44455		VPC LN
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	Accept Financial Statements and Statutory Reports	I
2	for	for	Approve Remuneration Report	I
3	for	for	Elect Marie-Louise Clayton as Director	I
4	for	for	Elect Alan Jones as Director	I
5	for	for	Re-elect Laurence Kinch as Director	I
6	for	for	Re-elect Michael Wagstaff as Director	I
7	for	for	Re-elect Jonathan Murphy as Director	I
8	for	for	Reappoint PricewaterhouseCoopers LLP as Auditors and Authorise the Board to Determine Their Remuneration	I
9	for	for	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 143,000	I
10	for	for	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of GBP 24,505	I
11	for	for	Authorise 10,000,000 Ordinary Shares for Market Purchase	I
12	for	for	Approve Venture Production plc Bonus Matching Plan	I
	for	for	Amend Venture Production plc Long-Term Incentive Plan	I
	Company Name	Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Occidental Petroleum	6-Jun-05	2284		OXY
	Vote (3)	MRV (4)	Proposal (5)
1	For all	For all	Election of directors	I
2	For	for	ratification of the selection of KPMG as independent auditors	I
3	for	for	approval of 2005 long term incentive plan	I
4	against	against	stockholder statements opposing board	S
5	for	against	vote regarding future golden handshakes.	S
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Grey Wolf Exploration	7-Jun-05	6200		GWE CN
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	Fix Number of Directors at Six	I
2	for	for	Elect Robert L. G. Watson, John B. Maher, James C. Smith, Mark R. Smith, Murray B. Todd, and Vincent J. Tkachyk as Directors	I
3	for	for	Approve Deloitte & Touche LLP as Auditors and Authorize Board to Fix Remuneration of Auditors	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Devon Energy	8-Jun-05	5,175		DVN
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	all nominees	I
2	for	for	ratification of KPMG LLP as auditors	I
3	for	for	adoption of the Devon Energy Corporation	I
			2005 long-term incentive plan
4	against	against	stockholder proposal for a director election	S
			vote standard
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Chesapeake Energy	10-Jun-05	11,513		CHK
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	Aubrey McClendon, Donald Nickles	I
2	for	for	adoption of Chesapeake Energy Corporation	I
			long term incentive plan (LTIP)
3	for	for	approval of Chesapeake Energy Corporation	I
			Founder Well participation program
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Dragon Oil	20-Jun-05	31759		DGO LN
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	Accept Financial Statements and Statutory Reports	I
2	for	for	Re-elect Mirza Al Sayegh as Director	I
3	for	for	Re-elect Brent Kinney as Director	I
4	for	for	Authorize Board to Fix Remuneration of Auditors	I
5	for	for	Authorise General Meetings Outside the Republic of Ireland	I
6	for	for	Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights	I
7	for	for	Authorize Share Repurchase Program	I
	Company Name	Meeting Date	Shares Voted	Issuer or Security Holder Proposal	Ticker (2)
	Royal Dutch Petroleum	28-Jun-05	4080		RDSA NA
	Vote (3)	MRV (4)	Proposal (5)
1	for	for	Receive Annual Report	I
2	for	for	Approve Financial Statements and Statutory Reports	I
3	for	for	Discuss Reserves and Dividend Policy	I
4	for	for	Approve Dividends of EUR 1.79 Per Share	I
5	for	for	Approve Discharge of Managing Directors	I
6	for	for	Approve Discharge of Supervisory Board	I
7	for	for	Reelect L.R. Ricciardi to Supervisory Board	I
8	for	for	Authorize Repurchase of Up to Ten Percent of Issued Share Capital	I
9	for	for	Approve Share Cancellation	I
10	for	for	Discussion on Corporate Governance	I
11	for	for	Discussion of Public Exchange Offer Issued by Royal Dutch Shell plc for All Ordinary Shares in Capital of Company (non-voting)	I
12	for	for	Approve Implementation Agreement	I
13	for	for	Approve Acquisition and Cancellation of All 1,500 Priority Shares and Amend Articles to Change Board Structure into One-Tier Board	I
14	for	for	Elect A.G. Jacobs as Non-Executive Board Member	I
15	for	for	Elect Ch. Morin-Postel as Non-Executive Board Member	I
16	for	for	Elect A.A. Loudon as Non-Executive Board Member	I
17	for	for	Elect L.R. Ricciardi as Non-Executive Board Member	I
18	for	for	Approve Remuneration Policy for Board of Directors	I
19	for	for	Approve Amended Long-Term Incentive Plan	I
20	for	for	Approve Amended Restricted Share Plan	I
21	for	for	Approve Amended Deferred Bonus Plan	I

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) GUINNESS ATKINSON FUNDS

By (Signature and Title)*/s/ James J. Atkinson, Jr.

James J. Atkinson, Jr.

Principal Executive Officer

Date 8-29-05

* Print the name and title of each signing officer under his or her signature.