Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record

Forms and Documents

Document Name	Status
Form SEC-2451 Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record Form and Instruction	Modified
Supporting Statute.doc Supplementary Document	2011-11-14
Form N-PX Supporting Statement (2011-09-15).docx Supporting Statement A	2011-11-14

IC Document Collections

IC ID	Document Title	Status
35437	Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0582	ICR Reference No: 201111-3235-010
Status: Historical Active	Previous ICR Reference No: 200808-3235-012
Agency/Subagency: SEC	Agency Tracking No: IM-270-524
Title: Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/31/2012
	Date Received in OIRA: 12/05/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2015	36 Months From Approved	03/31/2012
Responses	10,000	0	9,400
Time Burden (Hours)	45,300	0	89,824
Cost Burden (Dollars)	6,200,000	0	0

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Abstract: Registered management investment companies use Form N-PX to file annual reports with the Commission containing their complete proxy voting record for the most recent twelve-month period ended June 30.

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Authorizing Statute(s): US Code: 15 USC 80a-29 Name of Law: Investment Company Act of 1940
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 60565	09/29/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 75922	12/05/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record	SEC-2451	Form N-PX

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	10,000	9,400	0	0	600	0
Annual Time Burden (Hours)	45,300	89,824	0	0	-44,524	0
Annual Cost Burden (Dollars)	6,200,000	0	0	0	6,200,000	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Previously, the Commission had estimated an annual total time burden of approximately 89,824 hours for Form N PX. This number was based on a yearly estimate of approximately 6,200 portfolios holding equity securities and 3,200 portfolios holding no equity securities with an estimated burden of 14.4 hours per response for portfolios holding equity securities and 0.17 hours per response for portfolios holding no equity securities. In addition, the Commission previously estimated no external cost burden for Form N-PX. The Commission estimates a net decrease of 44,524 burden hours per year for Form N-PX from the previous submission (89,824 hours (under previous estimate) – 45,300 hours (under current estimate) = 44,524 hours). The change in the estimated time burden is due to (1) the reduction in estimated hour burden of Form N-PX for Fund portfolios holding equity securities from 14.4 hours to 7.2 hours, and (2) the increase in the number of portfolios holding no equity securities from 3,200 to 3,800. The Commission also estimates a net increase of $6,200,000 in external costs per year for Form N-PX from the previous submission. The change in the estimated cost burden is due to the Commission's revised estimate that portfolios holding equity securities will incur approximately $1,000 per portfolio in payments to third party service providers to assist with proxy voting and preparing reports on Form N-PX.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 12/05/2011

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