N-Q 1 lp1.htm FORM N-Q lp1.htm - Generated by SEC Publisher for SEC Filing

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number

811-5717

 

 

 

Dreyfus Worldwide Dollar Money Market Fund, Inc.

 

 

(Exact name of Registrant as specified in charter)

 

 

 

 

 

 

c/o The Dreyfus Corporation

200 Park Avenue

New York, New York 10166

 

 

(Address of principal executive offices) (Zip code)

 

 

 

 

 

Michael A. Rosenberg, Esq.

200 Park Avenue

New York, New York 10166

 

 

(Name and address of agent for service)

 

 

Registrant's telephone number, including area code:

(212) 922-6000

 

 

Date of fiscal year end:

 

10/31

 

Date of reporting period:

07/31/11

 

             

 

 


 

 

FORM N-Q

Item 1.                        Schedule of Investments.

                     


 

  STATEMENT OF INVESTMENTS        
  Dreyfus Worldwide Dollar Money Market Fund, Inc.        
  July 31, 2011 (Unaudited)        
 
  Negotiable Bank Certificates of Deposit--21.4%   Principal Amount ($)   Value ($) 
  Barclays Bank        
  0.49%, 8/1/11   20,000,000 a  20,000,000 
  BNP Paribas (Yankee)        
  0.44%, 11/7/11   15,000,000   15,000,000 
  Credit Agricole CIB (Yankee)        
  0.53%, 8/17/11   20,000,000   20,000,000 
  Deutsche Bank AG (Yankee)        
  0.20%, 8/19/11   15,000,000   15,000,000 
  UBS (Yankee)        
  0.22%, 9/26/11   15,000,000   15,000,000 
  Total Negotiable Bank Certificates of Deposit        
  (cost $85,000,000)       85,000,000 
  Commercial Paper--18.9%        
  Natixis US Finance Company LLC        
  0.28%, 8/11/11   20,000,000   19,998,445 
  Nordea North America Inc.        
  0.22%, 8/22/11   20,000,000   19,997,433 
  Societe Generale N.A. Inc.        
  0.25%, 8/1/11   20,000,000   20,000,000 
  Westpac Securities NZ Ltd.        
  0.21%, 8/22/11   15,000,000 b  14,998,163 
  Total Commercial Paper        
  (cost $74,994,041)       74,994,041 
Asset -Backed Commercial Paper--8.8%        
  Antalis U.S. Funding Corp.        
  0.26%, 9/8/11   15,000,000 b  14,995,883 
  CIESCO LLC        
  0.41%, 8/8/11   20,000,000 b  19,998,406 
  Total Asset-Backed Commercial Paper        
  (cost $34,994,289)       34,994,289 
  Time Deposits--15.1%        
  Bank of America N.A. (Grand Cayman)        
  0.01%, 8/1/11   15,000,000   15,000,000 
  National Australia Bank (Grand Cayman)        
  0.03%, 8/1/11   15,000,000   15,000,000 
  Northern Trust Co. (Grand Cayman)        
  0.01%, 8/1/11   15,000,000   15,000,000 
  Royal Bank of Scotland PLC (Dublin)        
  0.10%, 8/1/11   15,000,000   15,000,000 
  Total Time Deposits        
  (cost $60,000,000)       60,000,000 
  U.S. Government Agency--5.0%        
  Straight-A Funding LLC        
  0.16%, 9/1/11        
  (cost $19,997,244)   20,000,000 b  19,997,244 
  U.S. Treasury Bills--12.6%        
  0.005% - 0.03%, 9/22/11 - 10/13/11        
  (cost $49,998,552)   50,000,000   49,998,552 
  U.S. Treasury Notes--5.1%        
  0.29%, 3/15/12        
  (cost $20,132,512)   20,000,000   20,132,512 
  Repurchase Agreements--12.9%        
  Barclays Capital, Inc.        
  0.13%, dated 7/29/11, due 8/1/11 in the amount of $21,000,228        
  (fully collateralized by $21,306,500 U.S.       
  Treasury Notes, 0.63%-1%, due 7/31/11-2/28/13, value $        
21,420,064)  21,000,000   21,000,000 

 


 

RBS Securities, Inc.     
0.17%, dated 7/29/11, due 8/1/11 in the amount of     
$30,000,425 (fully collateralized by $30,350,000 U.S.     
Treasury Notes, 1%, due 4/30/12, value $30,602,077)  30,000,000  30,000,000 
Total Repurchase Agreements     
(cost $51,000,000)    51,000,000 
Total Investments (cost $396,116,638)  99.8%  396,116,638 
Cash and Receivables (Net)  .2%  650,027 
Net Assets  100.0%  396,766,665 

 

a Variable rate security--interest rate subject to periodic change.
b Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in
transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2011, these securities
amounted to $69,989,696 or 17.6% of net assets.

At July 31, 2011, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.


 

Various inputs are used in determining the value of the fund's investments relating to fair value measurements.

These inputs are summarized in the three broad levels listed below.

Level 1 - unadjusted quoted prices in active markets for identical investments.

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) Level 3 - significant unobservable inputs (including fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used as of July 31, 2011 in valuing the fund's investments:

Valuation Inputs  Short-Term Investments ($)+ 
Level 1 - Unadjusted Quoted Prices  - 
Level 2 - Other Significant Observable Inputs  396,116,638 
Level 3 - Significant Unobservable Inputs  - 
Total  396,116,638 

 

+ See Statement of Investments for additional detailed categorizations.


 

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange

Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which

may require the use of management estimates and assumptions. Actual results could differ from those estimates.

It is the fund’s policy to maintain a continuous net asset value per share of $1.00; the fund has adopted certain investment, portfolio valuation and dividend and distribution policies to enable it to do so. There is no assurance, however, that the fund will be able to maintain a stable net asset value per share of $1.00.

Portfolio valuation: Investments in securities are valued at amortized cost in accordance with Rule 2a-7 of the Act, which has been determined by the Board of Trustees to represent the fair value of the fund’s investments.

The fund may enter into repurchase agreements with financial institutions, deemed to be creditworthy by the Manager, subject to the seller’s

agreement to repurchase and the fund’s agreement to resell such securities at a mutually agreed upon price. Securities purchased subject to repurchase agreements are deposited with the fund’s custodian and, pursuant to the terms of the repurchase agreement, must have an aggregate market value greater than or equal to the terms of the repurchase price plus accrued interest at all times. If the value of the underlying securities falls below the value of the repurchase price plus accrued interest, the fund will require the seller to deposit additional collateral by the next business day. If the request for additional collateral is not

met, or the seller defaults on its repurchase obligation, the fund maintains its right to sell the underlying securities at market value and may claim any resulting loss against the seller.

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.


 

 

 

Item 2.                        Controls and Procedures.

(a)        The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b)        There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. 

Item 3.                        Exhibits.

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

 


 

 

FORM N-Q

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and 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.

Dreyfus Worldwide Dollar Money Market Fund, Inc.

By: /s/ Bradley J. Skapyak

Bradley J. Skapyak

President

 

Date:

Friday, September 23, 2011

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and 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/ Bradley J. Skapyak

Bradley J. Skapyak

President

 

Date:

Friday, September 23, 2011

 

By: /s/ James Windels

James Windels

Treasurer

 

Date:

Friday, September 23, 2011

 

EXHIBIT INDEX

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.  (EX-99.CERT)