United States Securities and Exchange Commission Washington, DC 20549 Form N-PX Annual Report of Proxy Voting Record of Registered Management Investment Company Investment Company Act file number 811-23121 Clayton Street Trust (Exact name of registrant as specified in charter) 151 Detroit Street, Denver, Colorado 80206 (Address of principal executive offices) (Zip code) Byron Hittle, 151 Detroit Street, Denver, Colorado 80206 (Name and address of agent for service) Registrant's telephone number, including area code: 303-333-3863 Date of fiscal year end: 12/31 Date of reporting period: 07/01/21 - 06/30/22 Item 1. Proxy Voting Record. ========== Protective Life Dynamic Allocation Series - Conservative =========== ========== Portfolio =========== J.P. MORGAN EXCHANGE-TRADED FUND TRUST Ticker: Security ID: 46641Q233 Meeting Date: OCT 27, 2021 Meeting Type: Special Record Date: AUG 20, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director John F. Finn For For Management 1.2 Elect Director Stephen P. Fisher For For Management 1.3 Elect Director Gary L. French For For Management 1.4 Elect Director Kathleen M. Gallagher For For Management 1.5 Elect Director Robert J. Grassi For For Management 1.6 Elect Director Frankie D. Hughes For For Management 1.7 Elect Director Raymond Kanner For For Management 1.8 Elect Director Thomas P. Lemke For For Management 1.9 Elect Director Lawrence R. Maffia For For Management 1.10 Elect Director Mary E. Martinez For For Management 1.11 Elect Director Marilyn McCoy For For Management 1.12 Elect Director Robert A. Oden, Jr. For For Management 1.13 Elect Director Marian U. Pardo For For Management 1.14 Elect Director Emily A. Youssouf For For Management 1.15 Elect Director Robert F. Deutsch For For Management 1.16 Elect Director Nina O. Shenker For For Management ========= Protective Life Dynamic Allocation Series - Growth Portfolio ========= J.P. MORGAN EXCHANGE-TRADED FUND TRUST Ticker: Security ID: 46641Q233 Meeting Date: OCT 27, 2021 Meeting Type: Special Record Date: AUG 20, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director John F. Finn For For Management 1.2 Elect Director Stephen P. Fisher For For Management 1.3 Elect Director Gary L. French For For Management 1.4 Elect Director Kathleen M. Gallagher For For Management 1.5 Elect Director Robert J. Grassi For For Management 1.6 Elect Director Frankie D. Hughes For For Management 1.7 Elect Director Raymond Kanner For For Management 1.8 Elect Director Thomas P. Lemke For For Management 1.9 Elect Director Lawrence R. Maffia For For Management 1.10 Elect Director Mary E. Martinez For For Management 1.11 Elect Director Marilyn McCoy For For Management 1.12 Elect Director Robert A. Oden, Jr. For For Management 1.13 Elect Director Marian U. Pardo For For Management 1.14 Elect Director Emily A. Youssouf For For Management 1.15 Elect Director Robert F. Deutsch For For Management 1.16 Elect Director Nina O. Shenker For For Management ============ Protective Life Dynamic Allocation Series - Moderate ============= ============ Portfolio ============= J.P. MORGAN EXCHANGE-TRADED FUND TRUST Ticker: Security ID: 46641Q233 Meeting Date: OCT 27, 2021 Meeting Type: Special Record Date: AUG 20, 2021 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director John F. Finn For For Management 1.2 Elect Director Stephen P. Fisher For For Management 1.3 Elect Director Gary L. French For For Management 1.4 Elect Director Kathleen M. Gallagher For For Management 1.5 Elect Director Robert J. Grassi For For Management 1.6 Elect Director Frankie D. Hughes For For Management 1.7 Elect Director Raymond Kanner For For Management 1.8 Elect Director Thomas P. Lemke For For Management 1.9 Elect Director Lawrence R. Maffia For For Management 1.10 Elect Director Mary E. Martinez For For Management 1.11 Elect Director Marilyn McCoy For For Management 1.12 Elect Director Robert A. Oden, Jr. For For Management 1.13 Elect Director Marian U. Pardo For For Management 1.14 Elect Director Emily A. Youssouf For For Management 1.15 Elect Director Robert F. Deutsch For For Management 1.16 Elect Director Nina O. Shenker For For Management ========== END NPX REPORT -------------------------------------------------------------------------------- Signatures Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Clayton Street Trust By:/s/ Bruce L. Koepfgen Bruce L. Koepfgen, President and Chief Executive Officer of Clayton Street Trust (Principal Executive Officer) Date: August 30, 2022 Pursuant to the requirements of the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. By:/s/ Bruce L. Koepfgen Bruce L. Koepfgen, President and Chief Executive Officer of Clayton Street Trust (Principal Executive Officer) Date: August 30, 2022 By:/s/ Jesper Nergaard Jesper Nergaard, Vice President, Chief Financial Officer, Treasurer and Principal Accounting Officer of Clayton Street Trust (Principal Accounting Officer and Principal Financial Officer) Date: August 30, 2022