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SPF Beheer

PRI reporting framework 2018

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You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Outputs and outcomes

Outputs and outcomes

LEA 21. Percentage of (proxy) votes cast

21.1. For listed equities where you and/or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

Votes cast (to the nearest 1%)

90 %

Specify the basis on which this percentage is calculated

21.2. Explain your reason(s) for not voting certain holdings

21.3. Additional information. [Optional]

We have the intention to vote on all meetings of the companies in our portfolio. For one of the externally managed mandates, however, it was decided not to vote on all company meetings. This is a portfolio with many rather small positions in emerging market companies. The costs of voting are relatively high while the expected influence is limited (due to our small shareholding in the company).


LEA 22. Proportion of ballot items that were for/against/abstentions

22.1. Indicate if you track the voting instructions that you and/or your service provider on your behalf have issued.

22.2. Of the voting instructions that you and/or third parties on your behalf issued, indicate the proportion of ballot items that were:

Voting instructions
Breakdown as percentage of votes cast
For (supporting) management recommendations
78 %
Against (opposing) management recommendations
22 %
Abstentions
0 %
100%

22.3. Describe the actions you take in relation to voting against management recommendations.

          Depending on the issue. The vote is taken into account by portfolio managers in their communications with the company. If it is a routine issue no special action is taken. If it is an issue of concern, we will talk with the company. The approach may differ per manager.
        

22.4. Additional information. [Optional]


LEA 23. Shareholder resolutions (Private)


LEA 24. Examples of (proxy) voting activities (Not Completed)


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