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1 July 2016 to 30 June 2017
SPDR® S&P®/ASX 200 Resources Fund Proxy Voting Record
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Origin Energy Ltd.
Meeting Date: 10/19/2016
Record Date: 10/17/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q71610101
Ticker: ORG
Primary CUSIP: Q71610101
Shares Voted: 173,114
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForElect Gordon Cairns as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Bruce Morgan as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove Remuneration Report 4 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Share Rights and Options to Grant King, Managing Director of the Company
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Renewal of the Proportional Takeover Provisions
6 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure that shareholders will have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
WorleyParsons Limited
Meeting Date: 10/25/2016
Record Date: 10/23/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q9857K102
Ticker: WOR
Primary CUSIP: Q9857K102
Shares Voted: 21,764
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect John Grill as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Catherine Livingstone as Director 2b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
WorleyParsons Limited
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Up to 89,676 Performance Rights to Andrew Wood
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Up to 152,450 Performance Rights to Andrew Wood
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Termination Benefits 6 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Mgmt ForForForApprove the Re-Insertion of Proportional Takeover Provisions
7 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure that shareholders will have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
Whitehaven Coal Ltd.
Meeting Date: 10/27/2016
Record Date: 10/25/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q97664108
Ticker: WHC
Primary CUSIP: Q97664108
Shares Voted: 58,195
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Long Term Incentive to Paul Flynn, Managing Director of the Company
2 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForElect Raymond Zage as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Christine McLoughlin as Director 4 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Newcrest Mining Ltd.
Meeting Date: 11/08/2016
Record Date: 11/06/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q6651B114
Ticker: NCM
Primary CUSIP: Q6651B114
Shares Voted: 75,762
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Peter Hay as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Philip Aiken as Director 2b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Rick Lee as Director 2c No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect John Spark as Director 2d No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Vickki McFadden as Director 2e No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Grant of Performance Rights to Sandeep Biswas
3a No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Performance Rights to Gerard Bond
3b No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Remuneration Report 4 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Fortescue Metals Group Ltd.
Meeting Date: 11/09/2016
Record Date: 11/07/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q39360104
Ticker: FMG
Primary CUSIP: Q39360104
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Fortescue Metals Group Ltd.
Shares Voted: 168,962
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
Mgmt ForForForElect Elizabeth Gaines as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Sharon Warburton as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Sims Metal Management Limited
Meeting Date: 11/09/2016
Record Date: 11/07/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q8505L116
Ticker: SGM
Primary CUSIP: Q8505L116
Shares Voted: 16,369
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Elect Robert Bass as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Tamotsu (Tom) Sato as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt AgainstAgainstForApprove the Amendments to the Company's Constitution
3 Yes
Voting Policy Rationale: The proposal did not merit support as the amendment could result in diminishing shareholder rights.
Mgmt ForForForApprove the Renewal of the Proportional Takeover Provisions
4 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure that shareholders will have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
Mgmt AgainstAgainstForApprove the Remuneration Report 5 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Sims Metal Management Limited
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt AgainstAgainstForApprove the Grant of Performance Rights and Options to Galdino Claro, Group CEO and Managing Director of the Company
6 Yes
Voting Policy Rationale: This proposal does not merit support due to concern with the potential dilution of all plans.
Mgmt AgainstAgainstForApprove the Grant of Restricted Stock Units to Galdino Claro, Group CEO and Managing Director of the Company
7 Yes
Voting Policy Rationale: This proposal does not merit support due to concern with the potential dilution of all plans.
Beach Energy Limited
Meeting Date: 11/10/2016
Record Date: 11/08/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q13921103
Ticker: BPT
Primary CUSIP: Q13921103
Shares Voted: 139,792
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect G S Davis as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect P J Bainbridge as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect J D McKerlie as Director 4 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect R K Stokes as Director 5 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Beach Executive Incentive Plan 6 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Beach Energy Limited
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Increase in the Number of Directors to 9
7 No
Voting Policy Rationale: A vote FOR this resolution is warranted as this amendment will accommodate the board's intention to appoint a second Seven Group Holdings nominee in the event that the size of the board is increased to nine. This would appear to preserve Seven's board representation at a level which is close to its proportionate shareholding of approximately 22 percent.Nevertheless, shareholder may be concerned with the limitation placed on shareholder rights to appoint directors. To the extent that shareholders may seek to nominate an additional director, the board may invoke the "no vacancy" rule, and there is no casual vacancy on the board due to the limitation under the constitution.
Mgmt ForForNoneApprove the Increase in Maximum Aggregate Remuneration of Non-Executive Directors
8 No
Voting Policy Rationale: A vote FOR the resolution to approve an increase in the maximum aggregate remuneration of NEDs (Item 8) is warranted because there are more directors following the merger with Drillsearch and no material governance issues have been identified. The NED fees have not been increased since 2012, and the raising of the cap allows for additions to the board.
Mgmt ForForForApprove the Financial Assistance 9 No
Voting Policy Rationale: The gearing ratio is 13.64% which is within the acceptable threshold for the company's sector in this market.
Bluescope Steel Ltd.
Meeting Date: 11/10/2016
Record Date: 11/08/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q1415L177
Ticker: BSL
Primary CUSIP: Q1415L102
Shares Voted: 56,183
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2 Approve the Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as the company's compensation plans allow for retesting of performance-based awards.
Mgmt ForForForElect Ewen Crouch as Director 3a No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Lloyd Jones as Director 3b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
BHP Billiton Limited
Meeting Date: 11/17/2016
Record Date: 11/15/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q1498M100
Ticker: BHP
Primary CUSIP: Q1498M100
Shares Voted: 318,329
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Accept Financial Statements and Statutory Reports
Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForAppoint KPMG LLP as Auditor of the Company 2 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForAuthorize the Board to Fix Remuneration of the Auditors
3 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForApprove General Authority to Issue Shares in BHP Billiton Plc
4 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForApprove General Authority to Issue Shares in BHP Billiton Plc for Cash
5 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForApprove the Repurchase of Shares in BHP Billiton Plc
6 No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Mgmt ForForForApprove the Remuneration Report Other than the Part Containing the Directors' Remuneration Policy
7 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Remuneration Report 8 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Awards to Andrew Mackenzie, Executive Director of the Company
9 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
BHP Billiton Limited
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForElect Ken MacKenzie as Director 10 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Malcolm Brinded as Director 11 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Malcolm Broomhead as Director 12 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Pat Davies as Director 13 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Anita Frew as Director 14 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Carolyn Hewson as Director 15 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Andrew Mackenzie as Director 16 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Lindsay Maxsted as Director 17 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Wayne Murdy as Director 18 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Shriti Vadera as Director 19 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Jac Nasser as Director 20 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mineral Resources Ltd.
Meeting Date: 11/17/2016
Record Date: 11/15/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q60976109
Ticker: MIN
Primary CUSIP: Q60976109
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Mineral Resources Ltd.
Shares Voted: 15,309
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
Mgmt AgainstAgainstForElect Peter Wade as Director 2.1 Yes
Voting Policy Rationale: SSGA does not support the election of a director nominee who is not independent at ASX 300 companies where the full board is comprised of less than 50% independents. The director nominee is non-independent and sits on the Audit Committee.
Independence Group NL
Meeting Date: 11/18/2016
Record Date: 11/16/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q48886107
Ticker: IGO
Primary CUSIP: Q48886107
Shares Voted: 46,001
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Elect Geoffrey Clifford as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Peter Buck as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt AgainstAgainstForApprove the Remuneration Report 3 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
Mgmt ForForNoneApprove the IGO Employee Incentive Plan 4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Performance Rights to Peter Bradford, Managing Director of the Company
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Independence Group NL
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForRatify the Past Issuance of Shares to Institutional and Sophisticated Investors
6 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForApprove the Renewal of the Proportional Takeover Provisions
7 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure that shareholders will have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
Regis Resources Ltd.
Meeting Date: 11/18/2016
Record Date: 11/16/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q8059N120
Ticker: RRL
Primary CUSIP: Q8059N120
Shares Voted: 48,826
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect Paul Thomas as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt AgainstAgainstForElect James Mactier as Director 3 Yes
Voting Policy Rationale: The director nominee is non-independent and sits on the Audit Committee.
Mgmt ForForForElect Mark Okeby as Director 4 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Regis Resources Limited Executive Incentive Plan
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt AgainstAgainstForApprove the Grants of Performance Rights to Mark Clark
6 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Regis Resources Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt AgainstAgainstForApprove the Grants of Performance Rights to Paul Thomas
7 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure.
Orocobre Ltd
Meeting Date: 11/23/2016
Record Date: 11/21/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q7142R106
Ticker: ORE
Primary CUSIP: Q7142R106
Shares Voted: 19,567
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect Robert Hubbard as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Fernando Oris de Roa as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Leanne Heywood as Director 4 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Grant of Performance Rights to Richard Seville
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Termination Benefits of Richard Seville
6 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Evolution Mining Ltd.
Meeting Date: 11/24/2016
Record Date: 11/22/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q3647R147
Ticker: EVN
Primary CUSIP: Q2144X102
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Evolution Mining Ltd.
Shares Voted: 112,419
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt None For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect Colin Johnstone as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Issuance of Performance Rights to Jacob (Jake) Klein
3 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt AgainstAgainstForApprove the Issuance of Retention Rights to Jacob (Jake) Klein
4 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure.
Mgmt ForForForApprove the Issuance of Performance Rights to Lawrence (Lawrie) Conway
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt AgainstAgainstForApprove the Issuance of Additional Performance Rights to Jacob (Jake) Klein
6 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure.
Mgmt AgainstAgainstForApprove the Issuance of Additional Performance Rights to Lawrence (Lawrie) Conway
7 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure.
Mgmt ForForForApprove the Issuance of Share Rights to Non-Executive Directors
8 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
South32 Limited
Meeting Date: 11/24/2016
Record Date: 11/22/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q86668102
Ticker: S32
Primary CUSIP: N/A
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
South32 Limited
Shares Voted: 528,421
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Wayne Osborn as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Keith Rumble as Director 2b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Equity Awards to Graham Kerr, Chief Executive Officer and Executive Director of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Western Areas Ltd
Meeting Date: 11/24/2016
Record Date: 11/22/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q9618L100
Ticker: WSA
Primary CUSIP: Q9618L100
Shares Voted: 24,096
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Elect Ian Macliver as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 2 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForRatify the Past Issuance of Shares to Institutional, Sophisticated or Professional Investors
3 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForApprove the Performance Rights Plan 4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Western Areas Ltd
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Grant of Performance Rights to Daniel Lougher
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Performance Rights to David Southam
6 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Sandfire Resources NL
Meeting Date: 11/28/2016
Record Date: 11/26/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q82191109
Ticker: SFR
Primary CUSIP: Q82191109
Shares Voted: 16,095
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect Maree Arnason as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Robert Scott as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Paul Hallam as Director 4 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt AgainstAgainstForApprove the Grant of Performance Rights to Karl M. Simich, Managing Director and Chief Executive Officer of the Company
5 Yes
Voting Policy Rationale: This proposal does not merit support due to concern with the potential dilution of all plans.
Northern Star Resources Ltd
Meeting Date: 11/29/2016
Record Date: 11/27/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q6951U101
Ticker: NST
Primary CUSIP: Q6951U101
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Northern Star Resources Ltd
Shares Voted: 61,364
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect John Fitzgerald as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Shirley In'tVeld as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect David Flanagan as Director 4 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect William Beament as Director 5 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Long Term Incentive Plan 6 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Termination Benefits 7 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Mgmt ForForForApprove the Grant of Performance Rights to William Beament, Managing Director of the Company
8 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Resolute Mining Ltd.
Meeting Date: 11/29/2016
Record Date: 11/27/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q81068100
Ticker: RSG
Primary CUSIP: Q81068100
Shares Voted: 74,836
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Resolute Mining Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForElect Peter Ernest Huston as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Martin John Botha as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForNoneApprove the Resolute Mining Limited Performance Rights Plan
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Performance Rights Plan to John Welborn
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt AgainstAgainstForApprove the Special Grant of Performance Rights to John Welborn
6 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure.
Mgmt ForForForRatify the Past Issuance of Shares to Institutional Investors
7 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForApprove the Increase in Maximum Aggregate Remuneration of Non-Executive Directors
8 No
Voting Policy Rationale: A vote FOR this resolution is warranted as the Company has provided acceptable justification for the proposed increase. Given that NED fees are in the vicinity of $100,000 the current cap would be considered restrictive in appointing new directors and pursuing succession planning. The proposed increase is not considered excessive.
Saracen Mineral Holdings Ltd.
Meeting Date: 11/30/2016
Record Date: 11/28/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q8309T109
Ticker: SAR
Primary CUSIP: Q8309T109
Shares Voted: 80,396
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Elect Martin Reed as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Saracen Mineral Holdings Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt AgainstAgainstForApprove the Remuneration Report 2 Yes
Voting Policy Rationale: This item does not merit support as the company's compensation plans allow for retesting of performance-based awards.
Mgmt ForForForApprove the Saracen Mineral Holdings Limited Performance Rights Plan
3 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Performance Rights to Raleigh Finlayson
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Increase in Maximum Aggregate Remuneration of Non-Executive Directors
5 No
Voting Policy Rationale: A vote FOR this resolution is warranted, on the basis that the $300,000 increase in NED aggregate remuneration is not considered excessive, and the current fee cap is insufficient to appoint an additional non-executive director, should one be required.
St Barbara Ltd.
Meeting Date: 11/30/2016
Record Date: 11/28/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q8744Q173
Ticker: SBM
Primary CUSIP: Q8744Q108
Shares Voted: 50,203
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as the company's compensation plans allow for retesting of performance-based awards.
Mgmt ForForForElect David Moroney as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForAppoint PricewaterhouseCoopers as Auditor of the Company
3 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt AgainstAgainstForApprove the Grant of Performance Rights to Robert (Bob) Vassie, Managing Director and Chief Executive Officer of the Company
4 Yes
Voting Policy Rationale: This item does not merit support as the company's compensation plans allow for retesting of performance-based awards.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Sims Metal Management Limited
Meeting Date: 12/16/2016
Record Date: 12/14/2016
Country: Australia
Meeting Type: Special
Primary Security ID: Q8505L116
Ticker: SGM
Primary CUSIP: Q8505L116
Shares Voted: 18,649
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Amendment to the Company's Constitution
Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
Iluka Resources Ltd.
Meeting Date: 04/28/2017
Record Date: 04/26/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q4875J104
Ticker: ILU
Primary CUSIP: Q4875J104
Shares Voted: 53,071
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Elect Jenny Seabrook as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Marcelo Bastos as Director 2 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Caltex Australia Ltd.
Meeting Date: 05/04/2017
Record Date: 05/02/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q19884107
Ticker: CTX
Primary CUSIP: Q19884107
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Caltex Australia Ltd.
Shares Voted: 32,808
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Greig Gailey as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Bruce Morgan as Director 2b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Melinda Conrad as Director 2c No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Adoption of Remuneration Report
3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove Grant of Performance Rights to Julian Segal
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Rio Tinto Ltd.
Meeting Date: 05/04/2017
Record Date: 05/02/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q81437107
Ticker: RIO
Primary CUSIP: Q81437107
Shares Voted: 53,372
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Financial Statements and Reports of the Directors and Auditor
Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForApprove Remuneration Policy Report for UK Law Purposes
2 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Rio Tinto Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Potential Termination of Benefits for Australian Law Purposes
4 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Mgmt ForForForElect Megan Clark as Director 5 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect David Constable as Director 6 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Jan du Plessis as Director 7 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Ann Godbehere as Director 8 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Simon Henry as Director 9 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Jean-Sebastien Jacques as Director 10 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Sam Laidlaw as Director 11 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Michael L'Estrange as Director 12 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Chris Lynch as Director 13 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Paul Tellier as Director 14 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Simon Thompson as Director 15 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect John Varley as Director 16 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForAppoint PricewaterhouseCoopers LLP as Auditors of the Company
17 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Rio Tinto Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForAuthorize Board to Fix Remuneration of the Auditors
18 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForApprove Political Donations 19 No
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
Mgmt ForForForApprove the Renewal of Off- Market and On-Market Share Buyback Authorities
20 No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Santos Ltd.
Meeting Date: 05/04/2017
Record Date: 05/02/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q82869118
Ticker: STO
Primary CUSIP: Q82869118
Shares Voted: 235,538
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Management Proposals Mgmt
Mgmt ForForForElect Peter Roland Coates as a Director 2a No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Guy Michael Cowan as a Director 2b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Peter Roland Hearl as a Director 2c No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Adoption of Remuneration Report
3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Share Acquisition Rights to Kevin Gallagher
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
MgmtShareholder Proposals
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Santos Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
SH AgainstAgainstAgainstApprove Amendment of Constitution 5a No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
SH AbstainAbstainAgainstApprove Strategic Resilience for 2035 and beyond
5b Yes
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's disclosure and/or practices related to climate change are broadly in line with market standard but could be enhanced.
Woodside Petroleum Ltd.
Meeting Date: 05/05/2017
Record Date: 05/03/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: 980228100
Ticker: WPL
Primary CUSIP: 980228100
Shares Voted: 91,195
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Michael Chaney as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Lawrence Archibald as Director 2b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Ian Macfarlane as Director 2c No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt AgainstAgainstAgainstApprove the Conditional Spill Resolution 4 No
Voting Policy Rationale: This item does not merit support due to concerns with the specific terms of the proposals.
Galaxy Resources Ltd.
Meeting Date: 05/18/2017
Record Date: 05/16/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q39596103
Ticker: GXY
Primary CUSIP: Q39596103
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Galaxy Resources Ltd.
Shares Voted: 252,217
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Adoption of Remuneration Report
Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect Martin Rowley as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Peter Bacchus as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt AgainstReferForElect John Turner as Director 4 Yes
Voting Policy Rationale: The nominee is the chair of the nominating committee and there are no female directors on the board.
Mgmt ForForForRatify the of Past Issuance of 24.75 Million Options to Apollo Corporation (WA) Pty Ltd
5 No
Voting Policy Rationale: A vote FOR the ratification of the options is warranted on the basis that this was made as consideration in the General Mining acquisition to take out the options held by Apollo in General Mining.
Mgmt ForForForRatify the of Past Issuance of 8.75 Million Shares to Canaccord
6 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForRatify the of Past Issuance of 10 Million Warrants to OL Master (Singapore Fund No.1) PteLimited
7 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForRatify the of Past Issuance of 40 Million Warrants to OL Master (Singapore Fund No.1) PteLimited
8 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForRatify the of Past Issuance of 625,000 Shares and 500,000 Options to Primero Group Pty Ltd
9 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Galaxy Resources Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForRatify the of Past Issuance of 78,125 Shares to James McCann
10 No
Voting Policy Rationale: A vote FOR the ratification of the share issuance is warranted as it represents a small issue of shares to vendors as part consideration for the acquisition of the tenements in James Bay. This is considered to represent positive alignment of vendors with existing shareholders, and the quantum of consideration in any case is not considered to be material.
Mgmt ForForForRatify the of Past Issuance of 113 Million Shares to Sophisticated and Professional Investors
11 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForApprove Consolidation of Capital 12 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForApprove the Adoption of Employee Option Plan
13 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Issuance of Director Incentive Options to Martin Rowley
14 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Issuance of Director Incentive Options to Anthony Tse
15 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Issuance of Director Incentive Options to Jian-Nan Zhang
16 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Issuance of Director Incentive Options to Peter Bacchus
17 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Issuance of Director Incentive Options to John Turner
18 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt AgainstAgainstNoneApprove the Increase to Non-Executive Director's Remuneration
19 No
Voting Policy Rationale: A vote AGAINST Item 19 is warranted given there is sufficient headroom of $490,000 available under the current fee cap to appoint an additional three directors, and even provide for a reasonable increase in current NED fees.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Oil Search Ltd.
Meeting Date: 05/19/2017
Record Date: 05/17/2017
Country: Papua New Guinea
Meeting Type: Annual
Primary Security ID: Y64695110
Ticker: OSH
Primary CUSIP: Y64695110
Shares Voted: 151,174
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Ordinary Business of the Meeting Mgmt
Mgmt ForForForElect Kostas Constantinou as Director 2 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Agu Kantsler as Director 3 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Mel Togolo as Director 4 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Fiona Harris as Director 5 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForAppoint Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration
6 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
MgmtSpecial Business of the Meeting
Mgmt ForForForApprove the Issuance of Performance Rights to Peter Botten, Managing Director of the Company
1 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Issuance of Performance Rights to Gerea Aopi, Executive Director of the Company
2 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Issuance of Restricted Shares to Peter Botten, Managing Director of the Company
3 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Oil Search Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Issuance of Restricted Shares to Gerea Aopi, Executive Director of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
MgmtShareholder Proposals
SH AgainstAgainstAgainstApprove Strategic Resilience for 2035 and Beyond
7 No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to climate change are reasonable.
SH AgainstAgainstAgainstApprove Human Rights Compliance and Reporting
8 No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to human rights are reasonable.
Syrah Resources Ltd
Meeting Date: 05/19/2017
Record Date: 05/17/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q8806E100
Ticker: SYR
Primary CUSIP: Q8806E100
Shares Voted: 31,058
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt AgainstAgainstForElect Rhett Brans as Director 2 Yes
Voting Policy Rationale: SSGA does not support the election of a director nominee who is not independent at ASX 300 companies where the full board is comprised of less than 50% independents. The director nominee is non-independent and sits on the Audit Committee.
Mgmt ForForForElect Shaun Verner as Director 3 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt AgainstAgainstForElect Christina Lampe-Onnerud as Director 4 Yes
Voting Policy Rationale: SSGA does not support the election of a director nominee who is not independent at ASX 300 companies where the full board is comprised of less than 50% independents.
Mgmt ForForForRatify the Past Issuance of 32 Million Shares to Sophisticated and Institutional Investors
5 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Syrah Resources Ltd
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt AgainstAgainstForApprove the Issuance of Director Options to Shaun Verner
6 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure.
Mgmt ForForForApprove the Grant of Performance Rights to Shaun Verner
7 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Issuance of Shares to James Askew
8 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
OZ Minerals Ltd
Meeting Date: 05/24/2017
Record Date: 05/22/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q7161P122
Ticker: OZL
Primary CUSIP: Q7161P106
Shares Voted: 39,377
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Rebecca McGrath as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Tonianne Dwyer as Director 2b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Peter Tomsett as Director 2c No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights to Andrew Cole
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove Renewal of Company's Proportional Takeover Provisions
5 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure that shareholders will have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Alumina Ltd.
Meeting Date: 05/25/2017
Record Date: 05/23/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q0269M109
Ticker: AWC
Primary CUSIP: Q0269M109
Shares Voted: 301,817
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect G John Pizzey as Director 3a No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect W Peter Day as Director 3b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Michael P Ferraro as Director 3c No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Grant of Performance Rights (Long Term Incentive) to Peter Wasow, Chief Executive Officer of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Evolution Mining Ltd.
Meeting Date: 06/21/2017
Record Date: 06/19/2017
Country: Australia
Meeting Type: Special
Primary Security ID: Q3647R147
Ticker: EVN
Primary CUSIP: Q2144X102
Shares Voted: 150,595
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Acquisition of Relevant Interest in Evolution Shares
Mgmt For For For No
Voting Policy Rationale: A vote FOR this resolution is warranted given that the independent expert has concluded that the transaction involving a re-organization of the ownership of Evolution shares by a substantial shareholder, La Mancha and the Swairis family, has no effect on non-associated shareholders.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR S&P/ASX 200 Resources Fund
Evolution Mining Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForReferForApprove the Grant of Performance Rights to Jacob (Jake) Klein
2 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Rio Tinto Ltd.
Meeting Date: 06/29/2017
Record Date: 06/27/2017
Country: Australia
Meeting Type: Special
Primary Security ID: Q81437107
Ticker: RIO
Primary CUSIP: Q81437107
Shares Voted: 55,186
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Proposed Disposal of Coal & Allied Industries Limited
Mgmt For For For No
Voting Policy Rationale: A vote FOR disposal of Coal & Allied is warranted given that:- The value of consideration offered is between $2,296 million and $2,386 million, which exceeds the Independent Expert's valuation of between $1,820 million and $2,173 million on a controlling basis.- The Independent Expert states that the Transaction is fair and reasonable to non-associated shareholders opining that,"[w]e expect there are few other potential acquirers who could extract the same value out of the Coal & Allied assets as Yancoal".- The Board of Directors has unanimously recommended that non-associated shareholders, in the absence of a superior proposal, vote in favour of the Transaction;- The Transaction is the result of a competitive sale process;- The disposal of Coal & Allied is consistent with Rio Tinto's overall coal divestment strategy; and,- No material corporate governance concerns have been identified in respect of the associated shareholders.
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