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 811-2890
Fidelity Phillips Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Scott C. Goebel, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-563-7000
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Date of fiscal year end: |
November 30 |
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|
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Date of reporting period: |
August 31, 2013 |
Item 1. Schedule of Investments
Quarterly Holdings Report
for
Fidelity ® Cash Reserves Fund
August 31, 2013
1.805742.109
CAS-QTLY-1013
Showing Percentage of Net Assets
|
Certificate of Deposit - 51.3% |
||||
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|
|
Yield (a) |
Principal Amount (000s) |
Value (000s) |
|
Domestic Certificates Of Deposit - 5.2% |
||||
|
Citibank NA |
||||
|
|
9/23/13 to 12/20/13 |
0.28 to 0.32% |
$ 5,155,000 |
$ 5,155,000 |
|
RBS Citizens NA |
||||
|
|
9/4/13 |
0.20 |
549,000 |
549,000 |
|
Wells Fargo Bank NA |
||||
|
|
11/13/13 |
0.18 |
575,000 |
575,000 |
|
|
|
6,279,000 |
||
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London Branch, Eurodollar, Foreign Banks - 3.0% |
||||
|
HSBC Bank PLC |
||||
|
|
11/5/13 to 11/12/13 |
0.32 |
548,000 |
548,000 |
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Mizuho Corporate Bank Ltd. |
||||
|
|
9/3/13 |
0.27 |
101,000 |
101,000 |
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National Australia Bank Ltd. |
||||
|
|
9/3/13 to 2/21/14 |
0.20 to 0.25 |
2,952,000 |
2,952,000 |
|
|
|
3,601,000 |
||
|
New York Branch, Yankee Dollar, Foreign Banks - 43.1% |
||||
|
Bank of Montreal Chicago CD Program |
||||
|
|
9/6/13 to 5/15/14 |
0.08 to 0.37 (c) |
3,964,000 |
3,964,000 |
|
Bank of Nova Scotia |
||||
|
|
9/17/13 to 2/7/14 |
0.18 to 0.49 (c) |
5,342,000 |
5,342,000 |
|
Bank of Tokyo-Mitsubishi UFJ Ltd. |
||||
|
|
11/12/13 to 1/10/14 |
0.25 to 0.27 (c) |
5,320,000 |
5,320,000 |
|
Canadian Imperial Bank of Commerce |
||||
|
|
9/17/13 to 4/11/14 |
0.23 to 0.40 (c) |
3,164,000 |
3,164,000 |
|
Credit Agricole CIB |
||||
|
|
9/3/13 |
0.14 |
1,412,000 |
1,412,000 |
|
Credit Industriel et Commercial |
||||
|
|
9/3/13 to 9/5/13 |
0.15 |
1,513,000 |
1,513,000 |
|
|
9/6/13 |
0.15 |
503,000 |
503,000 |
|
Credit Suisse |
||||
|
|
11/29/13 to 3/10/14 |
0.25 to 0.28 (c) |
1,005,000 |
1,005,000 |
|
KBC Bank NV |
||||
|
|
9/3/13 to 9/12/13 |
0.22 to 0.35 |
1,575,000 |
1,575,000 |
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Mitsubishi UFJ Trust & Banking Corp. |
||||
|
|
2/21/14 |
0.32 |
127,000 |
127,000 |
|
Certificate of Deposit - continued |
||||
|
|
|
Yield (a) |
Principal Amount (000s) |
Value (000s) |
|
New York Branch, Yankee Dollar, Foreign Banks - continued |
||||
|
Mizuho Corporate Bank Ltd. |
||||
|
|
9/18/13 to 12/20/13 |
0.26 to 0.28% |
$ 3,671,000 |
$ 3,671,000 |
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Natexis Banques Populaires New York Branch |
||||
|
|
9/3/13 to 9/6/13 |
0.14 |
5,970,000 |
5,970,000 |
|
National Bank of Canada |
||||
|
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9/6/13 to 2/14/14 |
0.27 to 0.35 (c) |
3,616,000 |
3,615,747 |
|
Royal Bank of Canada |
||||
|
|
3/27/14 to 6/3/14 |
0.23 to 0.27 (c) |
1,228,000 |
1,228,000 |
|
Royal Bank of Canada New York Branch |
||||
|
|
9/6/13 |
0.29 (c) |
750,000 |
749,998 |
|
Skandinaviska Enskilda Banken |
||||
|
|
10/30/13 |
0.26 |
618,000 |
618,000 |
|
Sumitomo Mitsui Banking Corp. |
||||
|
|
9/3/13 to 2/18/14 |
0.12 to 0.30 (c) |
5,083,000 |
5,083,000 |
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Sumitomo Mitsui Trust Banking Ltd. |
||||
|
|
10/4/13 to 12/19/13 |
0.27 to 0.28 |
2,817,000 |
2,817,000 |
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Svenska Handelsbanken, Inc. |
||||
|
|
9/5/13 to 12/23/13 |
0.18 to 0.20 |
1,731,000 |
1,731,007 |
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Toronto-Dominion Bank |
||||
|
|
9/13/13 to 2/18/14 |
0.23 to 0.32 (c) |
1,426,000 |
1,426,000 |
|
UBS AG |
||||
|
|
10/31/13 |
0.32 |
997,000 |
997,000 |
|
|
|
51,831,752 |
||
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TOTAL CERTIFICATE OF DEPOSIT (Cost $61,711,752) |
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|||
|
Financial Company Commercial Paper - 12.9% |
||||
|
|
||||
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Australia & New Zealand Banking Group Ltd. |
||||
|
|
9/25/13 |
0.18 |
250,000 |
249,970 |
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Barclays Bank PLC/Barclays U.S. CCP Funding LLC |
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|
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10/8/13 |
0.26 |
145,000 |
144,961 |
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Barclays U.S. Funding Corp. |
||||
|
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9/26/13 to 10/8/13 |
0.23 |
1,972,000 |
1,971,632 |
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BNP Paribas Finance, Inc. |
||||
|
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12/2/13 |
0.24 |
495,284 |
494,980 |
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Financial Company Commercial Paper - continued |
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|
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Yield (a) |
Principal Amount (000s) |
Value (000s) |
|
Commonwealth Bank of Australia |
||||
|
|
10/8/13 to 12/20/13 |
0.18 to 0.25% |
$ 468,000 |
$ 467,877 |
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Credit Suisse |
||||
|
|
9/3/13 |
0.27 |
406,000 |
405,994 |
|
JPMorgan Chase & Co. |
||||
|
|
9/3/13 to 3/7/14 |
0.28 to 0.32 (c) |
4,080,000 |
4,079,480 |
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Lloyds TSB Bank PLC |
||||
|
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9/4/13 to 9/6/13 |
0.08 to 0.10 |
998,000 |
997,990 |
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National Australia Funding, Inc. |
||||
|
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9/24/13 |
0.18 |
575,000 |
574,934 |
|
Nationwide Building Society |
||||
|
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11/12/13 to 11/26/13 |
0.23 |
437,000 |
436,789 |
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Skandinaviska Enskilda Banken AB |
||||
|
|
10/25/13 to 10/29/13 |
0.26 |
818,000 |
817,676 |
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Societe Generale North America, Inc. |
||||
|
|
9/3/13 |
0.11 |
1,262,000 |
1,261,993 |
|
Svenska Handelsbanken, Inc. |
||||
|
|
9/5/13 |
0.24 |
242,000 |
241,994 |
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Swedbank AB |
||||
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9/6/13 to 9/30/13 |
0.24 |
1,831,000 |
1,830,813 |
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Toronto Dominion Holdings (U.S.A.) |
||||
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9/27/13 to 11/18/13 |
0.23 to 0.24 |
380,000 |
379,869 |
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Toyota Motor Credit Corp. |
||||
|
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9/3/13 to 9/11/13 |
0.25 |
424,000 |
423,988 |
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UBS Finance, Inc. |
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10/16/13 |
0.33 |
748,000 |
747,691 |
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TOTAL FINANCIAL COMPANY COMMERCIAL PAPER (Cost $15,528,631) |
|
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Asset Backed Commercial Paper - 1.7% |
||||
|
|
||||
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Ciesco LP (Citibank NA Guaranteed) |
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|
|
|
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|
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9/3/13 |
0.30 |
217,000 |
216,996 |
|
|
9/11/13 |
0.30 |
53,000 |
52,996 |
|
|
9/26/13 |
0.30 |
68,000 |
67,986 |
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Asset Backed Commercial Paper - continued |
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|
|
|
Yield (a) |
Principal Amount (000s) |
Value (000s) |
|
Govco, Inc. (Liquidity Facility Citibank NA) |
||||
|
|
9/4/13 |
0.30% |
$ 29,000 |
$ 28,999 |
|
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9/6/13 |
0.29 |
82,000 |
81,997 |
|
|
9/20/13 |
0.30 |
221,000 |
220,965 |
|
|
9/25/13 |
0.30 |
152,000 |
151,970 |
|
|
9/25/13 |
0.30 |
143,000 |
142,971 |
|
|
9/26/13 |
0.30 |
110,000 |
109,977 |
|
|
10/9/13 |
0.30 |
56,000 |
55,982 |
|
|
10/9/13 |
0.30 |
40,000 |
39,987 |
|
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10/11/13 |
0.30 |
100,000 |
99,967 |
|
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10/25/13 |
0.30 |
350,000 |
349,842 |
|
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11/1/13 |
0.30 |
42,000 |
41,979 |
|
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11/4/13 |
0.30 |
213,000 |
212,886 |
|
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11/5/13 |
0.30 |
56,000 |
55,970 |
|
|
11/14/13 |
0.30 |
56,000 |
55,965 |
|
|
11/15/13 |
0.30 |
114,000 |
113,929 |
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TOTAL ASSET BACKED COMMERCIAL PAPER (Cost $2,101,364) |
|
|||
|
Other Commercial Paper - 1.5% |
||||
|
|
||||
|
Credit Suisse |
||||
|
|
12/5/13 |
0.29 (c) |
604,000 |
604,000 |
|
Devon Energy Corp. |
||||
|
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9/30/13 |
0.33 (c) |
566,000 |
566,000 |
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Dominion Resources, Inc. |
||||
|
|
9/3/13 to 9/16/13 |
0.27 to 0.30 |
67,000 |
66,995 |
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Northeast Utilities |
||||
|
|
9/3/13 to 9/9/13 |
0.22 to 0.23 |
148,725 |
148,720 |
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Sempra Global |
||||
|
|
9/20/13 |
0.30 |
70,000 |
69,989 |
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Tesco Treasury Services PLC |
||||
|
|
10/10/13 to 10/11/13 |
0.25 |
179,000 |
178,951 |
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The Coca-Cola Co. |
||||
|
|
2/27/14 to 3/31/14 |
0.19 to 0.20 |
158,000 |
157,832 |
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Virginia Electric & Power Co. |
||||
|
|
9/3/13 |
0.28 |
46,600 |
46,599 |
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TOTAL OTHER COMMERCIAL PAPER (Cost $1,839,086) |
|
|||
|
Treasury Debt - 9.9% |
||||
|
|
|
Yield (a) |
Principal Amount (000s) |
Value (000s) |
|
U.S. Treasury Obligations - 9.9% |
||||
|
U.S. Treasury Bills |
||||
|
|
1/2/14 |
0.09 to 0.10% |
$ 1,562,000 |
$ 1,561,502 |
|
U.S. Treasury Notes |
||||
|
|
9/30/13 to 6/15/14 |
0.10 to 0.21 |
10,277,558 |
10,336,057 |
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TOTAL TREASURY DEBT (Cost $11,897,559) |
|
|||
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Other Note - 3.2% |
||||
|
|
||||
|
Bank Notes - 1.8% |
||||
|
Bank of America NA |
||||
|
|
9/9/13 to 11/4/13 |
0.23 to 0.24 |
2,126,000 |
2,126,000 |
|
Medium-Term Notes - 1.4% |
||||
|
Dominion Resources, Inc. |
||||
|
|
10/15/13 |
0.38 (b)(c) |
323,000 |
323,000 |
|
Royal Bank of Canada |
||||
|
|
9/6/13 |
0.29 (c) |
376,000 |
375,999 |
|
Svenska Handelsbanken AB |
||||
|
|
2/14/14 to 2/27/14 |
0.27 to 0.29 (b)(c) |
1,024,000 |
1,024,000 |
|
|
|
1,722,999 |
||
|
TOTAL OTHER NOTE (Cost $3,848,999) |
|
|||
|
Variable Rate Demand Note - 0.1% |
||||
|
|
||||
|
Delaware - 0.1% |
||||
|
LP Pinewood SPV LLC Taxable, LOC Wells Fargo Bank NA, VRDN |
||||
|
(Cost $181,000) |
9/6/13 |
0.19 (c) |
181,000 |
|
|
Government Agency Debt - 5.4% |
||||
|
|
||||
|
Federal Agencies - 5.4% |
||||
|
Fannie Mae |
||||
|
|
9/11/14 to 8/5/15 |
0.16 to 0.17 (c) |
1,317,000 |
1,316,620 |
|
Federal Home Loan Bank |
||||
|
|
9/19/13 to 6/25/14 |
0.16 to 0.22 (c) |
1,529,560 |
1,529,495 |
|
Government Agency Debt - continued |
||||
|
|
|
Yield (a) |
Principal Amount (000s) |
Value (000s) |
|
Federal Agencies - continued |
||||
|
Freddie Mac |
||||
|
|
6/26/15 to 7/17/15 |
0.17% (c) |
$ 3,605,000 |
$ 3,604,325 |
|
TOTAL GOVERNMENT AGENCY DEBT (Cost $6,450,440) |
|
|||
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Other Instrument - 1.0% |
||||
|
|
||||
|
Time Deposits - 1.0% |
||||
|
ING Bank NV |
||||
|
(Cost $1,254,000) |
9/3/13 |
0.15 |
1,254,000 |
|
|
Other Municipal Debt - 0.5% |
|||
|
|
|
|
|
|
Texas - 0.5% |
|||
|
Texas Gen. Oblig. TRAN Series 2013, 0.1909% to 0.1959% 8/28/14 (Cost $550,096) |
540,500 |
|
|
|
Government Agency Repurchase Agreement - 4.5% |
|||
|
Maturity Amount (000s) |
|
||
|
In a joint trading account at 0.08% dated 8/30/13 due 9/3/13 (Collateralized by U.S. Government Obligations) # |
$ 704,604 |
704,598 |
|
|
With: |
|
|
|
|
Merrill Lynch, Pierce, Fenner & Smith at 0.11%, dated 7/12/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $872,241,232, 2.26% - 6.5%, 6/1/22 - 6/1/43) |
855,157 |
855,000 |
|
|
Mitsubishi UFJ Securities (U.S.A.), Inc. at: |
|
|
|
|
0.14%, dated 8/5/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $605,948,340, 0% - 5%, 12/4/13 - 7/1/43) |
594,210 |
594,000 |
|
|
0.15%, dated 7/22/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $608,028,958, 0.38% - 6.5%, 1/31/15 - 11/1/47) |
596,228 |
596,000 |
|
|
0.18%, dated: |
|
|
|
|
6/13/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $533,335,368, 1.36% - 6%, 5/1/21 - 11/1/47) |
522,235 |
522,000 |
|
|
6/24/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $1,293,819,143, 1.36% - 6.5%, 12/1/23 - 2/1/44) |
1,268,558 |
1,268,000 |
|
|
Government Agency Repurchase Agreement - continued |
|||
|
Maturity Amount (000s) |
Value (000s) |
||
|
With: - continued |
|
|
|
|
Mitsubishi UFJ Securities (U.S.A.), Inc. at: |
|
|
|
|
0.19%, dated: |
|
|
|
|
6/3/13 due 9/3/13 (Collateralized by U.S. Government Obligations valued at $379,624,239, 1.48% - 6.79%, 5/1/19 - 8/1/43) |
$ 372,181 |
$ 372,000 |
|
|
6/5/13 due 9/4/13 (Collateralized by U.S. Government Obligations valued at $151,138,812, 1.36% - 6.5%, 5/1/25 - 10/1/47) |
148,071 |
148,000 |
|
|
6/10/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $379,068,305, 2.1% - 5.5%, 8/1/25 - 8/1/48) |
371,178 |
371,000 |
|
|
TOTAL GOVERNMENT AGENCY REPURCHASE AGREEMENT (Cost $5,430,598) |
|
||
|
Other Repurchase Agreement - 8.7% |
|||
|
|
|
|
|
|
Other Repurchase Agreement - 8.7% |
|||
|
With: |
|
|
|
|
BNP Paribas Securities Corp. at: |
|
|
|
|
0.27%, dated 8/9/13 due 9/6/13 (Collateralized by Corporate Obligations valued at $147,027,563, 0.47% - 9.88%, 10/1/13 - 6/27/44) |
140,033 |
140,000 |
|
|
0.33%, dated 8/30/13 due 9/3/13 (Collateralized by U.S. Government Obligations valued at $307,243,361, 0% - 6.47%, 8/20/40 - 6/25/43) |
300,011 |
300,000 |
|
|
0.47%, dated 8/1/13 due 9/4/13 (Collateralized by Corporate Obligations valued at $30,246,358, 1.6% - 11.25%, 6/1/17 - 2/15/41) |
28,012 |
28,000 |
|
|
Citigroup Global Markets, Inc. at: |
|
|
|
|
0.83%, dated 8/20/13 due 10/18/13 (Collateralized by Corporate Obligations valued at $179,289,763, 0% - 9%, 5/1/14 - 12/15/43) |
167,227 |
167,000 |
|
|
0.85%, dated 7/29/13 due 9/27/13 (Collateralized by Corporate Obligations valued at $60,243,623, 0.5% - 8.88%, 5/1/14 - 12/15/43) |
56,079 |
56,000 |
|
|
1.01%, dated 7/26/13 due 12/3/13 (Collateralized by Corporate Obligations valued at $180,557,344, 0.24% - 7.96%, 6/20/14 - 4/7/52) |
167,843 |
167,000 |
|
|
Credit Suisse Securities (U.S.A.) LLC at: |
|
|
|
|
0.2%, dated 8/28/13 due 9/4/13 (Collateralized by U.S. Government Obligations valued at $154,501,791, 0.46% - 11.51%, 2/25/19 - 8/25/43) |
150,006 |
150,000 |
|
|
0.66%, dated 7/22/13 due 10/22/13 (Collateralized by Corporate Obligations valued at $145,904,766, 0% - 54.13%, 4/15/17 - 11/3/51) |
135,228 |
135,000 |
|
|
Other Repurchase Agreement - continued |
|||
|
Maturity Amount (000s) |
Value (000s) |
||
|
Other Repurchase Agreement - continued |
|||
|
With: - continued |
|
|
|
|
Credit Suisse Securities (U.S.A.) LLC at: |
|
|
|
|
0.67%, dated: |
|
|
|
|
7/2/13 due 10/1/13 (Collateralized by Corporate Obligations valued at $115,687,431, 0.32% - 8.29%, 2/15/19 - 11/3/51) |
$ 107,181 |
$ 107,000 |
|
|
7/9/13 due 10/7/13 (Collateralized by Corporate Obligations valued at $230,262,696, 0% - 7.86%, 2/15/19 - 11/3/51) |
213,357 |
213,000 |
|
|
7/15/13 due 10/15/13 (Collateralized by Corporate Obligations valued at $231,318,142, 0.29% - 7.66%, 11/15/19 - 11/3/51) |
214,366 |
214,000 |
|
|
7/18/13 due 10/17/13 (Collateralized by Mortgage Loan Obligations valued at $231,305,475, 0% - 8.73%, 6/11/17 - 11/3/51) |
214,362 |
214,000 |
|
|
0.72%, dated 5/2/13 due 11/4/13 (Collateralized by Corporate Obligations valued at $229,509,504, 0% - 8.29%, 4/15/20 - 11/3/51) |
212,789 |
212,000 |
|
|
0.75%, dated 7/25/13 due 1/21/14 (Collateralized by Corporate Obligations valued at $45,394,618, 0.31% - 8.29%, 5/15/17 - 12/25/59) |
42,158 |
42,000 |
|
|
0.76%, dated 6/10/13 due 12/6/13 (Collateralized by Corporate Obligations valued at $117,921,316, 0.24% - 7.86%, 2/25/19 - 11/3/51) |
109,412 |
109,000 |
|
|
0.77%, dated 5/16/13 due 11/12/13 (Collateralized by Corporate Obligations valued at $405,918,226, 0.24% - 7.96%, 2/15/19 - 12/25/59) |
376,444 |
375,000 |
|
|
Deutsche Bank Securities, Inc. at: |
|
|
|
|
0.23%, dated 8/13/13 due 9/4/13 (Collateralized by Equity Securities valued at $241,952,465) |
224,031 |
224,000 |
|
|
0.48%, dated 8/30/13 due 9/3/13 (Collateralized by Equity Securities valued at $66,963,573) |
62,003 |
62,000 |
|
|
HSBC Securities, Inc. at 0.23%, dated 8/30/13 due 9/3/13 (Collateralized by Corporate Obligations valued at $208,306,485, 0% - 11%, 12/16/13 - 6/1/43) |
199,005 |
199,000 |
|
|
ING Financial Markets LLC at: |
|
|
|
|
0.21%, dated 8/30/13 due 9/3/13 (Collateralized by Corporate Obligations valued at $52,505,791, 3.88% - 8.13%, 1/15/15 - 10/15/22) |
50,001 |
50,000 |
|
|
0.26%, dated 8/30/13 due 9/3/13 (Collateralized by Equity Securities valued at $544,335,772) |
504,015 |
504,000 |
|
|
0.5%, dated 7/15/13 due 9/6/13 (Collateralized by Corporate Obligations valued at $60,521,909, 4.63% - 12.5%, 5/15/15 - 7/15/23) |
56,049 |
56,000 |
|
|
Other Repurchase Agreement - continued |
|||
|
Maturity Amount (000s) |
Value (000s) |
||
|
Other Repurchase Agreement - continued |
|||
|
With: - continued |
|
|
|
|
J.P. Morgan Clearing Corp. at: |
|
|
|
|
0.6%, dated 4/17/13 due 11/1/13 (Collateralized by Equity Securities valued at $227,688,876) |
$ 209,690 |
$ 209,000 |
|
|
0.61%, dated 8/9/13 due 12/9/13 (Collateralized by Corporate Obligations valued at $233,784,513, 0.75% - 3.94%, 5/1/14 - 8/15/37) |
215,444 |
215,000 |
|
|
0.64%, dated 6/19/13 due 10/17/13 (Collateralized by Corporate Obligations valued at $286,242,563, 1.88% - 6%, 5/15/14 - 12/15/37) |
263,561 |
263,000 |
|
|
0.65%, dated: |
|
|
|
|
5/10/13 due 11/29/13 (Collateralized by Corporate Obligations valued at $242,885,914, 0.63% - 4.06%, 3/1/17 - 2/15/44) |
223,970 |
223,000 |
|
|
8/19/13 due 1/16/14 (Collateralized by Corporate Obligations valued at $231,572,719, 3% - 6%, 6/15/16 - 11/15/29) |
213,577 |
213,000 |
|
|
J.P. Morgan Securities, Inc. at: |
|
|
|
|
0.18%, dated 8/30/13 due 9/3/13 (Collateralized by Commercial Paper Obligations valued at $36,051,259, 12/20/13) |
35,001 |
35,000 |
|
|
0.21%, dated 8/28/13 due 9/4/13 (Collateralized by U.S. Government Obligations valued at $51,501,139, 5.32% - 7.02%, 7/15/26 - 6/15/42) |
50,002 |
50,000 |
|
|
0.61%, dated 7/16/13 due 11/13/13 (Collateralized by Mortgage Loan Obligations valued at $231,296,241, 0.34% - 1.16%, 5/25/35 - 12/25/46) |
214,435 |
214,000 |
|
|
0.65%, dated 7/19/13 due 11/29/13 (Collateralized by Mortgage Loan Obligations valued at $553,380,868, 0% - 49.68%, 8/25/20 - 1/15/49) |
514,487 |
512,000 |
|
|
Merrill Lynch, Pierce, Fenner & Smith at: |
|
|
|
|
0.24%, dated 8/28/13 due 9/4/13 (Collateralized by U.S. Government Obligations valued at $455,278,211, 0% - 5.72%, 9/25/22 - 5/20/63) |
442,021 |
442,000 |
|
|
0.58%, dated: |
|
|
|
|
8/27/13 due 9/3/13 (Collateralized by Corporate Obligations valued at $237,337,442, 0.25% - 7.5%, 9/9/13 - 11/25/52) (c)(d) |
220,025 |
220,000 |
|
|
8/30/13 due 9/3/13 (Collateralized by Mortgage Loan Obligations valued at $213,717,316, 0% - 8.31%, 9/3/13 - 8/15/56) |
198,013 |
198,000 |
|
|
0.73%, dated: |
|
|
|
|
8/5/13 due 10/4/13 (Collateralized by Equity Securities valued at $180,332,579) |
167,102 |
167,000 |
|
|
Other Repurchase Agreement - continued |
|||
|
Maturity Amount (000s) |
Value (000s) |
||
|
Other Repurchase Agreement - continued |
|||
|
With: - continued |
|
|
|
|
Merrill Lynch, Pierce, Fenner & Smith at: |
|
|
|
|
0.73%, dated: |
|
|
|
|
8/13/13 due 10/11/13 (Collateralized by Equity Securities valued at $541,434,716) |
$ 502,601 |
$ 502,000 |
|
|
0.85%, dated 8/9/13 due 10/15/13 (Collateralized by Corporate Obligations valued at $119,431,307, 0% - 8%, 9/3/13 - 7/25/49) |
111,176 |
111,000 |
|
|
Mitsubishi UFJ Securities (U.S.A.), Inc. at: |
|
|
|
|
0.26%, dated 8/13/13 due 9/6/13 (Collateralized by Corporate Obligations valued at $88,213,423, 0.4% - 9.25%, 1/21/14 - 4/8/68) |
84,017 |
84,000 |
|
|
0.31%, dated: |
|
|
|
|
8/5/13 due 9/3/13 (Collateralized by Equity Securities valued at $90,742,699) |
84,021 |
84,000 |
|
|
8/7/13 due 9/6/13 (Collateralized by Equity Securities valued at $90,741,096) |
84,022 |
84,000 |
|
|
Mizuho Securities U.S.A., Inc. at: |
|
|
|
|
0.21%, dated 8/30/13 due 9/3/13 (Collateralized by U.S. Government Obligations valued at $410,355,656, 0.55% - 8.38%, 11/5/14 - 8/15/43) |
398,009 |
398,000 |
|
|
0.31%, dated: |
|
|
|
|
8/22/13 due 9/4/13 (Collateralized by Equity Securities valued at $87,254,712) |
81,009 |
81,000 |
|
|
8/27/13 due 9/6/13 (Collateralized by Equity Securities valued at $87,485,324) |
81,010 |
81,000 |
|
|
8/28/13 due 9/6/13 (Collateralized by Equity Securities valued at $87,484,538) |
81,010 |
81,000 |
|
|
8/30/13 due 9/6/13 (Collateralized by Equity Securities valued at $92,826,729) |
86,010 |
86,000 |
|
|
0.52%, dated 8/29/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $83,794,360, 0.52% - 7.66%, 3/15/16 - 8/10/45) |
81,037 |
81,000 |
|
|
0.92%, dated 7/22/13 due 10/23/13 (Collateralized by Corporate Obligations valued at $87,305,241, 0.33% - 6.76%, 7/25/28 - 10/25/46) |
81,193 |
81,000 |
|
|
0.93%, dated: |
|
|
|
|
8/1/13 due 11/4/13 (Collateralized by Mortgage Loan Obligations valued at $132,552,348, 0.39% - 10.5%, 10/31/13 - 5/15/53) |
124,304 |
124,000 |
|
|
8/12/13 due 11/12/13 (Collateralized by Mortgage Loan Obligations valued at $86,470,163, 0.28% - 6.94%, 10/31/13 - 10/25/46) |
81,193 |
81,000 |
|
|
Other Repurchase Agreement - continued |
|||
|
Maturity Amount (000s) |
Value (000s) |
||
|
Other Repurchase Agreement - continued |
|||
|
With: - continued |
|
|
|
|
Mizuho Securities U.S.A., Inc. at: |
|
|
|
|
0.95%, dated 6/4/13 due 9/4/13 (Collateralized by Corporate Obligations valued at $218,198,621, 0.37% - 8.5%, 2/15/19 - 4/16/54) |
$ 204,495 |
$ 204,000 |
|
|
1.1%, dated 5/8/13 due 9/9/13 (Collateralized by U.S. Government Obligations valued at $85,399,099, 0.39% - 8.75%, 9/10/15 - 12/16/43) |
81,307 |
81,000 |
|
|
1.4%, dated 5/3/13 due 10/30/13 (Collateralized by Corporate Obligations valued at $86,942,936, 0.37% - 8.59%, 1/15/14 - 2/24/46) |
81,567 |
81,000 |
|
|
RBC Capital Markets Co. at 0.21%, dated 8/27/13 due 9/3/13 (Collateralized by U.S. Government Obligations valued at $109,183,354, 0% - 1177.17%, 10/25/20 - 7/20/43) |
106,004 |
106,000 |
|
|
RBS Securities, Inc. at: |
|
|
|
|
0.49%, dated 8/29/13 due 9/4/13 (Collateralized by U.S. Government Obligations valued at $112,790,299, 0% - 652.15%, 9/15/16 - 4/25/44) |
110,009 |
110,000 |
|
|
0.5%, dated 8/30/13 due 9/4/13 (Collateralized by U.S. Government Obligations valued at $287,380,297, 0% - 11.5%, 2/1/17 - 3/20/63) |
276,019 |
276,000 |
|
|
SG Americas Securities, LLC at: |
|
|
|
|
0.26%, dated 8/30/13 due 9/6/13 (Collateralized by Equity Securities valued at $119,684,623) |
110,006 |
110,000 |
|
|
0.27%, dated: |
|
|
|
|
8/28/13 due 9/4/13 (Collateralized by Equity Securities valued at $119,679,706) |
110,006 |
110,000 |
|
|
8/29/13 due 9/5/13 (Collateralized by Equity Securities valued at $238,688,972) |
221,012 |
221,000 |
|
|
0.28%, dated 8/27/13 due 9/3/13 (Collateralized by Equity Securities valued at $118,806,486) |
110,006 |
110,000 |
|
|
UBS Securities LLC at 0.47%, dated: |
|
|
|
|
7/10/13 due 9/6/13 (Collateralized by Corporate Obligations valued at $150,997,060, 0.25% - 13%, 10/15/13 - 10/15/39) |
139,163 |
139,000 |
|
|
Other Repurchase Agreement - continued |
|||
|
Maturity Amount (000s) |
Value (000s) |
||
|
Other Repurchase Agreement - continued |
|||
|
With: - continued |
|
|
|
|
UBS Securities LLC at 0.47%, dated: |
|
|
|
|
7/15/13 due 9/6/13 (Collateralized by Corporate Obligations valued at $105,064,367, 0.75% - 6.75%, 7/15/14 - 10/15/39) |
$ 98,118 |
$ 98,000 |
|
|
Wells Fargo Securities, LLC at 0.4%, dated 8/30/13 due 9/6/13 (Collateralized by Corporate Obligations valued at $145,889,040, 0% - 10.63%, 9/4/13-11/1/66) |
138,011 |
138,000 |
|
|
TOTAL OTHER REPURCHASE AGREEMENT (Cost $10,428,000) |
|
||
|
TOTAL INVESTMENT PORTFOLIO - 100.7% (Cost $121,221,525) |
121,221,525 |
||
|
NET OTHER ASSETS (LIABILITIES) - (0.7)% |
(854,793) |
||
|
NET ASSETS - 100% |
$ 120,366,732 |
||
|
Security Type Abbreviations |
||
|
TRAN |
- |
TAX AND REVENUE ANTICIPATION NOTE |
|
VRDN |
- |
VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly) |
|
Legend |
|
(a) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end. |
|
(b) Security 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 the end of the period, the value of these securities amounted to $1,347,000,000 or 1.1% of net assets. |
|
(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
|
(d) The maturity amount is based on the rate at period end. |
|
# Additional information on each counterparty to the repurchase agreement is as follows: |
|
Repurchase Agreement / Counterparty |
Value |
|
$704,598,000 due 9/03/13 at 0.08% |
|
|
BNY Mellon Capital Markets LLC |
$ 135,393 |
|
Bank of America NA |
137,231 |
|
Mizuho Securities USA, Inc. |
431,974 |
|
|
$ 704,598 |
|
Other Information |
|
The date shown for securities represents the date when principal payments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shortening features other than interest rate resets. |
|
All investments are categorized as Level 2 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section at the end of this listing. |
|
Income Tax Information |
|
At August 31, 2013, the cost of investment securities for income tax purposes was $121,221,525,000. |
|
Investment Valuation |
|
Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). |
|
As permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market. |
|
For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly Report
|
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report. or an affiliate. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® U.S. Government
Reserves Fund
August 31, 2013
1.805753.109
FUS-QTLY-1013
Showing Percentage of Net Assets
|
Treasury Debt - 7.1% |
||||
|
|
|
Yield (a) |
Principal Amount (000s) |
Value (000s) |
|
U.S. Treasury Obligations - 7.1% |
||||
|
U.S. Treasury Notes |
||||
|
|
11/15/13 to 6/15/14 |
0.08 to 0.21% |
$ 169,000 |
|
|
(Cost $169,890) |
|
|
$ 169,890 |
|
|
Government Agency Debt - 49.5% |
||||
|
|
||||
|
Federal Agencies - 49.5% |
||||
|
Fannie Mae |
||||
|
|
9/3/13 to 8/5/15 |
0.14 to 0.20 (c) |
119,000 |
119,190 |
|
Federal Farm Credit Bank |
||||
|
|
1/13/15 |
0.17 (c) |
9,000 |
8,998 |
|
|
11/27/13 to 1/12/15 |
0.16 to 0.23 (c) |
28,000 |
27,996 |
|
Federal Home Loan Bank |
||||
|
|
9/6/13 to 11/14/14 |
0.08 to 0.25 (b)(c) |
844,610 |
844,652 |
|
Freddie Mac |
||||
|
|
9/4/13 to 7/17/15 |
0.10 to 0.23 (c) |
180,667 |
180,670 |
|
TOTAL GOVERNMENT AGENCY DEBT (Cost $1,181,506) |
|
|||
|
Government Agency Repurchase Agreement - 44.9% |
|||
|
Maturity |
|
||
|
In a joint trading account at 0.08% dated 8/30/13 due 9/3/13 (Collateralized by U.S. Government Obligations) # |
$ 463,645 |
463,641 |
|
|
With: |
|
|
|
|
BNP Paribas Securities Corp. at 0.05%, dated 8/28/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $41,888,689, 2% - 3.5%, 10/20/38 - 5/20/42) |
41,068 |
41,067 |
|
|
Citibank NA at 0.05%, dated 8/28/13 due 9/4/13 (Collateralized by U.S. Government Obligations valued at $83,706,302, 1.73% - 6%, 12/1/20 - 9/1/43) |
82,001 |
82,000 |
|
|
Credit Suisse Securities (U.S.A.) LLC at 0.12%, dated 7/12/13 due 9/10/13 (Collateralized by U.S. Government Obligations valued at $14,423,352, 5.5% - 6.5%, 5/16/29 - 5/16/37) |
14,003 |
14,000 |
|
|
ING Financial Markets LLC at: |
|
|
|
|
0.09%, dated: |
|
|
|
|
7/24/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $42,844,221, 3%, 3/1/43) |
42,007 |
42,000 |
|
|
Government Agency Repurchase Agreement - continued |
|||
|
Maturity Amount (000s) |
Value (000s) |
||
|
With: - continued |
|
|
|
|
ING Financial Markets LLC at: |
|
|
|
|
0.09%, dated: |
|
|
|
|
8/5/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $28,564,295, 3%, 1/1/43) |
$ 28,004 |
$ 28,000 |
|
|
8/6/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $6,122,265, 1/1/43) |
6,001 |
6,000 |
|
|
0.1%, dated 8/15/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $16,324,471, 3%, 1/1/43) |
16,003 |
16,000 |
|
|
Merrill Lynch, Pierce, Fenner & Smith at: |
|
|
|
|
0.1%, dated: |
|
|
|
|
8/8/13 due 9/6/13 (Collateralized by U.S. Treasury Obligations valued at $22,291,736, 1.25%, 2/29/20) |
21,857 |
21,853 |
|
|
8/9/13 due 9/6/13 (Collateralized by U.S. Treasury Obligations valued at $27,182,886, 0.13%, 8/31/13) |
26,653 |
26,648 |
|
|
8/13/13 due 9/6/13 (Collateralized by U.S. Treasury Obligations valued at $57,332,540, 0% - 2.13%, 2/27/14 - 12/31/15) |
56,214 |
56,205 |
|
|
8/23/13 due 9/6/13 (Collateralized by U.S. Treasury Obligations valued at $25,968,032, 0.13%, 8/31/13) |
25,461 |
25,458 |
|
|
0.11%, dated 7/12/13 due 9/6/13 (Collateralized by U.S. Treasury Obligations valued at $17,342,865, 1.25%, 2/29/20) |
17,003 |
17,000 |
|
|
0.12%, dated 7/8/13 due 9/6/13 (Collateralized by U.S. Treasury Obligations valued at $20,403,887, 1.25%, 2/29/20) |
20,004 |
20,000 |
|
|
Mitsubishi UFJ Securities (U.S.A.), Inc. at: |
|
|
|
|
0.14%, dated 8/5/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $12,263,782, 2.25% - 6%, 2/1/27 - 7/1/43) |
12,004 |
12,000 |
|
|
0.15%, dated 7/22/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $12,273,180, 2.1% - 6%, 2/1/27 - 7/1/43) |
12,005 |
12,000 |
|
|
0.18%, dated: |
|
|
|
|
6/13/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $10,209,610, 2.8% - 5%, 2/1/27 - 5/1/43) |
10,005 |
10,000 |
|
|
6/24/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $25,520,778, 2.1% - 5%, 2/1/27 - 7/1/43) |
25,011 |
25,000 |
|
|
Government Agency Repurchase Agreement - continued |
|||
|
Maturity Amount (000s) |
Value (000s) |
||
|
With: - continued |
|
|
|
|
Mitsubishi UFJ Securities (U.S.A.), Inc. at: |
|
|
|
|
0.19%, dated: |
|
|
|
|
6/3/13 due 9/3/13 (Collateralized by U.S. Government Obligations valued at $8,203,881, 2.25% - 6%, 2/1/27 - 7/1/43) |
$ 8,004 |
$ 8,000 |
|
|
6/5/13 due 9/4/13 (Collateralized by U.S. Government Obligations valued at $3,065,364, 2.1% - 5%, 2/1/27 - 7/1/43) |
3,001 |
3,000 |
|
|
6/10/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $8,186,202, 2.1% - 5%, 12/1/26 - 7/1/43) |
8,004 |
8,000 |
|
|
RBC Capital Markets Corp. at: |
|
|
|
|
0.06%, dated: |
|
|
|
|
8/5/13 due 9/5/13 (Collateralized by U.S. Government Obligations valued at $14,553,590, 2.26% - 4%, 8/1/33 - 7/1/43) |
14,206 |
14,205 |
|
|
8/22/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $28,376,968, 3.5% - 4%, 6/1/43 - 8/1/43) |
27,821 |
27,820 |
|
|
0.08%, dated: |
|
|
|
|
8/15/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $41,504,890, 2% - 10%, 1/15/14 - 6/1/43) |
40,661 |
40,658 |
|
|
8/16/13 due 9/6/13 (Collateralized by U.S. Government Obligations valued at $52,896,256, 3% - 4.5%, 8/1/33 - 7/1/43) |
51,861 |
51,857 |
|
|
TOTAL GOVERNMENT AGENCY REPURCHASE AGREEMENT (Cost $1,072,412) |
|
||
|
TOTAL INVESTMENT PORTFOLIO - 101.5% (Cost $2,423,808) |
2,423,808 |
||
|
NET OTHER ASSETS (LIABILITIES) - (1.5%) |
(34,986) |
||
|
NET ASSETS - 100% |
$ 2,388,822 |
||
|
Legend |
|
(a) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end. |
|
(b) Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
|
(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
|
# Additional information on each counterparty to the repurchase agreement is as follows: |
|
Repurchase Agreement / Counterparty |
Value |
|
$463,641,000 due 9/03/13 at 0.08% |
|
|
BNY Mellon Capital Markets LLC |
$ 89,092 |
|
Bank of America NA |
90,301 |
|
Mizuho Securities USA, Inc. |
284,248 |
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$ 463,641 |
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Other Information |
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The date shown for securities represents the date when principal payments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shortening features other than interest rate resets. |
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All investments are categorized as Level 2 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section at the end of this listing. |
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Income Tax Information |
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At August 31, 2013, the cost of investment securities for income tax purposes was $2,423,808,000. |
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Investment Valuation |
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Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). |
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As permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market. |
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For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly Report
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The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report. or an affiliate. |
Quarterly Report
Item 2. Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Phillips Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.
Item 3. Exhibits
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Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT. |
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.
Fidelity Phillips Street Trust
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By: |
/s/Stephanie J. Dorsey |
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Stephanie J. Dorsey |
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President and Treasurer |
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Date: |
October 30, 2013 |
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.
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By: |
/s/Stephanie J. Dorsey |
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Stephanie J. Dorsey |
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President and Treasurer |
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Date: |
October 30, 2013 |
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By: |
/s/Christine Reynolds |
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Christine Reynolds |
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Chief Financial Officer |
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Date: |
October 30, 2013 |
Exhibit EX-99.CERT
I, Stephanie J. Dorsey, certify that:
1. I have reviewed this report on Form N-Q of Fidelity Phillips Street Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and
d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: October 30, 2013
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/s/Stephanie J. Dorsey |
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Stephanie J. Dorsey |
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President and Treasurer |
I, Christine Reynolds, certify that:
1. I have reviewed this report on Form N-Q of Fidelity Phillips Street Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and
d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: October 30, 2013
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/s/Christine Reynolds |
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Christine Reynolds |
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Chief Financial Officer |