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 811-21652 --------- Fiduciary/Claymore MLP Opportunity Fund --------------------------------------- (Exact name of registrant as specified in charter) 2455 Corporate West Drive Lisle, IL 60532 --------------- (Address of principal executive offices) (Zip code) Kevin M. Robinson 2455 Corporate West Drive Lisle, IL 60532 --------------- (Name and address of agent for service) Registrant's telephone number, including area code: (630) 505-3700 -------------- Date of fiscal year end: November 30 ----------- Date of reporting period: July 1, 2010 - June 30, 2011 ---------------------------- Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 ( 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. 3507. ITEM 1. PROXY VOTING RECORD. ***************************** FORM N-Px REPORT ********************************* ICA File Number: 811-21652 Reporting Period: 07/01/2010 - 06/30/2011 Fiduciary/Claymore MLP Opportunity Fund ============================ FIDUCIARY/CLAYMORE MLP OPPORTUNITY FUND ============================== ABRAXAS PETROLEUM CORPORATION Ticker: AXAS Security ID: CUSIP 003830106 Meeting Date: 05/05/2011 Meeting Type: Revord Date: Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Election of Directors - C. SCOTT Management For For For BARTLETT, JR. 2 Election of Directors - RALPH F. COX Management For For For 3 Election of Directors - DENNIS E. Management For For For LOGUE 4 Ratify Appointment of Independent Management For For For Auditors 5 14A Executive Compensation Management For For For 6 14A Executive Compensation Vote Management For For For Frequency ---------------------------------------------------------------------------------------------------- BUCKEYE PARTNERS,L.P. Ticker: BPL Security ID: CUSIP 118230101 Meeting Date: 06/07/2011 Meeting Type: Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Election of Directors (Majority Management For For For Voting) 2 Election of Directors (Majority Management For For For Voting) 3 Election of Directors (Majority Management For For For Voting) 4 Ratify Appointment of Independent Management For For For Auditors 5 14A Executive Compensation Management For For For 6 14A Executive Compensation Vote Management For For For Frequency ---------------------------------------------------------------------------------------------------- COPANO ENERGY,L.L.C. Ticker: CPNO Security ID: CUSIP 217202100 Meeting Date: 05/18/2011 Meeting Type: Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1.1 Election of Directors - JAMES G. Management For For For CRUMP 1.2 Election of Directors - ERNIE L. Management For For For DANNER 1.3 Election of Directors - SCOTT A. Management For For For GRIFFITHS 1.4 Election of Directors - MICHAEL L. Management For For For JOHNSON 1.5 Election of Directors - MICHAEL G. Management For For For MACDOUGALL 1.6 Election of Directors - R. BRUCE Management For For For NORTHCUTT 1.7 Election of Directors - T. WILLIAM Management For For For PORTER 1.8 Election of Directors - WILLIAM L. Management For For For THACKER 02 Ratify Appointment of Independent Management For For For Auditors 3A Amend Stock Compensation Plan Management For For For 3B Amend Stock Compensation Plan Management For For For 04 14A Executive Compensation Management For For For 05 14A Executive Compensation Vote Management For For For Frequency ---------------------------------------------------------------------------------------------------- COPANO ENERGY,L.L.C. Ticker: CPNO Security ID: CUSIP 217202100 Meeting Date: 11/17/2010 Meeting Type: Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Miscellaneous Corporate Actions Management For For For ---------------------------------------------------------------------------------------------------- EV ENERGY PARTNERS,L.P. Ticker: EVEP Security ID: CUSIP 26926V107 Meeting Date: 01/20/201 Meeting Type: Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Amend Stock Compensation Plan Management For For For 2 Ratify Appointment of Independent Management For For For Auditors ---------------------------------------------------------------------------------------------------- MAGELLAN MIDSTREAM PARTNERS L.P. Ticker: MMP Security ID: CUSIP 559080106 Meeting Date: 04/27/2011 Meeting Type: Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Election of Directors - JAMES C. Management For For For KEMPNER 2 Election of Directors - MICHAEL N. Management For For For MEARS 3 Election of Directors - JAMES R. Management For For For MONTAGUE 4 Amend Stock Compensation Plan Management For For For 5 14A Executive Compensation Management For For For 6 14A Executive Compensation Vote Management For For For Frequency ---------------------------------------------------------------------------------------------------- MARKWEST ENERGY PARTNERS LP Ticker: MMP Security ID: CUSIP 570759100 Meeting Date: 06/01/2011 Meeting Type: Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Election of Directors - FRANK M. Management For For For SEMPLE 2 Election of Directors - DONALD D. Management For For For WOLF 3 Election of Directors - KEITH E. Management For For For BAILEY 4 Election of Directors - MICHAEL L. Management For For For BEATTY 5 Election of Directors - CHARLES K. Management For For For DEMPSTER 6 Election of Directors - DONALD C. Management For For For HEPPERMANN 7 Election of Directors - WILLIAM A. Management For For For KELLSTROM 8 Election of Directors - ANNE E. FOX Management For For For MOUNSEY 9 Election of Directors -WILLIAM P. Management For For For NICOLETTI 10 14A Executive Compensation Management For For For 11 14A Executive Compensation Vote Management For For For Frequency 12 Ratify Appointment of Independent Management For For For Auditors ---------------------------------------------------------------------------------------------------- NUSTAR ENERGY LP Ticker: NS Security ID: CUSIP 67058H102 Meeting Date: 05/05/2011 Meeting Type: Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Amend Stock Compensation Plan Management For For For 2 Ratify Appointment of Independent Management For For For Auditors ---------------------------------------------------------------------------------------------------- NUSTAR GP HOLDINGS,LLC Ticker: NSH Security ID: CUSIP 67059L102 Meeting Date: 04/27/2011 Meeting Type: Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Election of Directors - CURTIS V. Management For For For ANASTASIO 2 Election of Directors - WILLIAM B. Management For For For BURNETT 3 Ratify Appointment of Independent Management For For For Auditors 4 14A Executive Compensation Management For For For 5 14A Executive Compensation Vote Management For For For Frequency ---------------------------------------------------------------------------------------------------- STONEMOR PARTNERS L.P. Ticker: STON Security ID: CUSIP 86183Q100 Meeting Date: 07/14/2010 Meeting Type: Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst Mgmt 1 Ratify Appointment of Independent Management For For For Auditors 2 Amend Stock Compensation Plan Management For For For ========== 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. Fiduciary/Claymore MLP Opportunity Fund --------------------------------------- By: /s/ Kevin M. Robinson ----------------------------- Name: Kevin M. Robinson Title: Chief Executive Officer and Chief Legal Officer Date: August 25, 2011