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

Forms and Documents

Document Name	Status
Form 2451 Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record Form and Instruction	Modified
Supporting Statement N-PX.pdf Supporting Statement A	2015-01-07
Supporting Statute.pdf Supplementary Document	2015-01-07

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: 201410-3235-030
Status: Historical Active	Previous ICR Reference No: 201111-3235-010
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: 03/25/2015
	Date Received in OIRA: 01/07/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2018	36 Months From Approved	03/31/2015
Responses	9,794	0	10,000
Time Burden (Hours)	47,880	0	45,300
Cost Burden (Dollars)	6,574,000	0	6,200,000

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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:
	79 FR 39002	07/29/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 54757	09/12/2014
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	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	9,794	10,000	0	0	-206	0
Annual Time Burden (Hours)	47,880	45,300	0	0	2,580	0
Annual Cost Burden (Dollars)	6,574,000	6,200,000	0	0	374,000	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 hour burden of approximately 45,300 hours for Form N PX. This number was based on a yearly estimate of approximately 6,200 portfolios holding equity securities and 3,800 portfolios holding no equity securities with an estimated burden of 7.2 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 total annual cost burden of $6.2 million. The Commission estimates a net increase of 2,580 burden hours per year for Form N PX from the previous submission under the Paperwork Reduction Act. The change in the estimated hour burden is due to the increase in the number of portfolios holding equity securities from 6,200 to 6,574, partially offset by the decrease in the number of portfolios holding no equity securities from 3,800 to 3,220. The Commission also estimates a net increase of $374,000 in external costs per year for Form N PX from the previous submission. The change in the estimated cost burden is due to the increase in the number of portfolios holding equity securities from 6,200 to 6,574.

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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: 01/07/2015

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