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
3235-0582 30 Day Notice.pdf Supplementary Document	2021-04-21
3235-0582 60 Day Notice.pdf Supplementary Document	2021-04-21
Form N-PX (Supporting Statement) -.pdf Supporting Statement A	2020-12-18

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: 202011-3235-006
Status: Received in OIRA	Previous ICR Reference No: 201706-3235-023
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	Date Submitted to OIRA: 04/21/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	05/31/2021
Responses	11,890	11,818
Time Burden (Hours)	47,984	53,210
Cost Burden (Dollars)	17,657,958	7,256,800

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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:
	86 FR 7320	01/27/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 20778	04/21/2021
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 Request	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	11,890	11,818	0	72	0	0
Annual Time Burden (Hours)	47,984	53,210	0	-5,226	0	0
Annual Cost Burden (Dollars)	17,657,958	7,256,800	0	10,401,158	0	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Previously, the Commission had estimated an annual total hour burden of approximately 53,210 hours for Form N-PX. This number was based on a yearly estimate of approximately 7,111 portfolios holding equity securities and 2,831 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 $7,256,800. The Commission estimates a net decrease of 5,226 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 change in the number of each type of investment portfolio required to file Form N-PX. The Commission also estimates a net increase of $10,401,158 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 from 11,818 to 11,890.

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Annual Cost to Federal Government: $0

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 04/21/2021

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