N-Q 1 main.htm

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 811-4861

Fidelity Garrison 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

Date of fiscal year end:

September 30

 

 

Date of reporting period:

June 30, 2014

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Money Market
Central Fund

June 30, 2014

1.818373.109
CFM-QTLY-0814

Investments June 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Certificate of Deposit - 58.3%

 

 

Yield (a)

Principal Amount

Value

Domestic Certificates Of Deposit - 8.5%

Branch Banking & Trust Co.

 

8/29/14 to 9/25/14

0.22%

$ 7,000,000

$ 7,000,000

Citibank NA

 

8/5/14 to 10/30/14

0.21

38,000,000

38,000,000

RBS Citizens NA

 

7/28/14

0.30

4,000,000

4,000,000

Wells Fargo Bank NA

 

11/4/14 to 3/16/15

0.20 to 0.21 (c)

22,000,000

22,000,000

 

 

71,000,000

London Branch, Eurodollar, Foreign Banks - 4.2%

Credit Agricole SA

 

9/2/14 to 9/9/14

0.24 to 0.25

23,000,000

23,000,000

Mizuho Corporate Bank Ltd.

 

7/29/14

0.25

4,000,000

3,999,223

National Australia Bank Ltd.

 

1/5/15

0.21 (c)

8,000,000

8,000,000

 

 

34,999,223

New York Branch, Yankee Dollar, Foreign Banks - 45.6%

Bank of Montreal Chicago CD Program

 

3/13/15

0.24 (c)

6,000,000

6,000,000

Bank of Nova Scotia

 

10/3/14 to 5/15/15

0.21 to 0.29 (c)

36,000,000

36,000,000

Bank of Tokyo-Mitsubishi UFJ Ltd.

 

9/9/14 to 12/5/14

0.24 to 0.25

33,000,000

33,000,000

BNP Paribas New York Branch

 

7/1/14 to 9/15/14

0.13 to 0.27

18,000,000

18,000,000

Canadian Imperial Bank of Commerce

 

11/28/14 to 3/13/15

0.24 to 0.29 (c)

17,000,000

17,000,000

Credit Agricole CIB

 

7/2/14 to 9/2/14

0.24 to 0.26

17,000,000

17,000,000

Credit Suisse AG

 

8/11/14 to 11/3/14

0.25 to 0.31 (c)

21,000,000

21,000,000

Deutsche Bank

 

8/27/14

0.24

7,000,000

7,000,000

Mitsubishi UFJ Trust & Banking Corp.

 

10/10/14

0.28

2,000,000

2,000,000

Certificate of Deposit - continued

 

 

Yield (a)

Principal Amount

Value

New York Branch, Yankee Dollar, Foreign Banks - continued

Mizuho Corporate Bank Ltd.

 

7/7/14 to 10/21/14

0.10 to 0.25%

$ 26,000,000

$ 26,000,000

Natexis Banques Populaires New York Branch

 

7/1/14 to 9/2/14

0.13 to 0.24

33,000,000

33,000,000

National Bank of Canada

 

9/8/14 to 12/17/14

0.31 to 0.34 (c)

19,000,000

19,000,000

Nordea Bank Finland PLC

 

9/29/14

0.20

6,000,000

6,000,000

Royal Bank of Canada

 

4/9/15 to 6/26/15

0.22 to 0.23 (c)

17,000,000

17,000,000

Skandinaviska Enskilda Banken

 

8/1/14

0.24

7,000,000

7,000,000

Societe Generale

 

7/31/14

0.25 (c)

12,000,000

12,000,000

Sumitomo Mitsui Banking Corp.

 

7/7/14 to 12/15/14

0.22 to 0.31 (c)

41,000,000

40,999,999

Sumitomo Mitsui Trust Banking Ltd.

 

7/11/14 to 10/24/14

0.24 to 0.26

35,000,000

35,000,000

Toronto-Dominion Bank

 

9/10/14 to 6/8/15

0.22 to 0.25 (c)

13,000,000

13,000,000

UBS AG

 

10/3/14 to 12/23/14

0.25 to 0.26 (c)

14,000,000

14,000,000

 

 

379,999,999

TOTAL CERTIFICATE OF DEPOSIT

(Cost $485,999,222)

485,999,222

Financial Company Commercial Paper - 7.5%

 

Barclays Bank PLC/Barclays U.S. CCP Funding LLC

 

9/26/14

0.25

8,000,000

7,995,167

BAT International Finance PLC

 

7/14/14 to 7/25/14

0.27

2,000,000

1,999,723

BNP Paribas Finance, Inc.

 

7/3/14 to 7/7/14

0.13

8,000,000

7,999,856

JPMorgan Securities LLC

 

9/3/14

0.27

3,000,000

2,998,560

Financial Company Commercial Paper - continued

 

 

Yield (a)

Principal Amount

Value

Landesbank Baden-Wurttemberg

 

7/3/14 to 7/18/14

0.15 to 0.20%

$ 18,000,000

$ 17,999,233

Natexis Banques Populaires U.S. Finance Co. LLC

 

8/1/14

0.23

8,000,000

7,998,416

Skandinaviska Enskilda Banken AB

 

8/11/14 to 8/19/14

0.24

11,000,000

10,996,782

Svenska Handelsbanken, Inc.

 

9/22/14

0.22

5,000,000

4,997,464

TOTAL FINANCIAL COMPANY COMMERCIAL PAPER

(Cost $62,985,201)

62,985,201

Other Commercial Paper - 1.2%

 

Hewlett-Packard Co.

 

7/28/14

0.28

1,000,000

999,790

Northeast Utilities

 

7/1/14

0.23

1,000,000

1,000,000

Tesco Treasury Services PLC

 

7/2/14 to 8/6/14

0.23 to 0.29

4,000,000

3,999,374

Verizon Communications, Inc.

 

7/30/14

0.35 (c)

4,000,000

4,000,000

TOTAL OTHER COMMERCIAL PAPER

(Cost $9,999,164)

9,999,164

Treasury Debt - 5.1%

 

U.S. Treasury Obligations - 5.1%

U.S. Treasury Bills

 

8/14/14 to 6/25/15

0.11 to 0.13

28,500,000

28,480,533

U.S. Treasury Notes

 

8/31/14 to 2/28/15

0.16 to 0.18

14,000,000

14,012,123

TOTAL TREASURY DEBT

(Cost $42,492,656)

42,492,656

Other Note - 1.2%

 

 

Yield (a)

Principal Amount

Value

Medium-Term Notes - 1.2%

Dominion Resources, Inc.

 

8/13/14

0.35% (b)(c)

$ 2,000,000

$ 2,000,000

Svenska Handelsbanken AB

 

12/15/14 to 12/26/14

0.28 (b)(c)

8,000,000

8,000,000

TOTAL OTHER NOTE

(Cost $10,000,000)

10,000,000

Government Agency Debt - 2.5%

 

Federal Agencies - 2.5%

Fannie Mae

 

10/21/15

0.14 (c)

4,000,000

3,999,467

Federal Home Loan Bank

 

9/14/15

0.13 (c)

5,000,000

4,999,063

Freddie Mac

 

6/26/15 to 7/16/15

0.14 (c)

12,000,000

11,998,789

TOTAL GOVERNMENT AGENCY DEBT

(Cost $20,997,319)

20,997,319

Other Instrument - 0.5%

 

Time Deposits - 0.5%

ING Bank NV

7/1/14

0.11

4,000,000

 

(Cost $4,000,000)

4,000,000

Other Municipal Debt - 0.9%

 

 

 

 

New Hampshire - 0.5%

New Hampshire Bus. Fin. Auth. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1990 A2, 0.32% tender 8/11/14, CP mode (d)

4,000,000

4,000,000

Texas - 0.4%

Texas Gen. Oblig. TRAN Series 2013, 0.1909% to 0.1959% 8/28/14

3,700,000

3,710,613

TOTAL OTHER MUNICIPAL DEBT

(Cost $7,710,613)

7,710,613

Government Agency Repurchase Agreement - 11.9%

Maturity Amount

Value

In a joint trading account at 0.11% dated 6/30/14 due 7/1/14 (Collateralized by U.S. Government Obligations) #

$ 88,855,270

$ 88,855,000

With:

Mitsubishi UFJ Securities (U.S.A.), Inc. at 0.1%, dated 5/30/14 due 7/7/14 (Collateralized by U.S. Government Obligations valued at $2,040,384, 2.2% - 5.4%, 12/1/25 - 4/1/44)

2,000,339

2,000,000

Mizuho Securities U.S.A., Inc. at 0.15%, dated 5/19/14 due 7/7/14 (Collateralized by U.S. Treasury Obligations valued at $3,060,577, 8.88%, 2/15/19)

3,001,513

3,000,000

Morgan Stanley & Co., Inc. at 0.08%, dated 6/30/14 due 7/7/14 (Collateralized by U.S. Government Obligations valued at $5,100,012, 4.50%,11/1/30)

5,000,078

5,000,000

TOTAL GOVERNMENT AGENCY REPURCHASE AGREEMENT

(Cost $98,855,000)

98,855,000

Other Repurchase Agreement - 10.0%

 

 

 

 

Other Repurchase Agreement - 10.0%

With:

BNP Paribas Securities Corp. at 0.25%, dated 6/12/14 due 7/7/14 (Collateralized by Corporate Obligations valued at $1,053,791, 3.3% - 6%, 9/1/17 - 9/1/40)

1,000,222

1,000,000

Citigroup Global Markets, Inc. at:

0.81%, dated 4/16/14 due 7/15/14 (Collateralized by Corporate Obligations valued at $1,081,847, 0% - 2.75%, 6/1/18 - 7/1/19)

1,002,025

1,000,000

0.98%, dated 5/20/14 due 10/3/14 (Collateralized by Corporate Obligations valued at $2,162,470, 0.36% - 5.65%, 4/25/33 - 6/12/47)

2,009,854

2,000,000

Credit Suisse Securities (U.S.A.) LLC at:

0.2%, dated 6/24/14 due 7/1/14 (Collateralized by U.S. Government Obligations valued at $1,032,606, 2.5%, 2/20/42)

1,000,039

1,000,000

0.44%, dated 6/24/14 due 7/1/14 (Collateralized by U.S. Government Obligations valued at $1,031,288, 0.6%, 11/20/41)

1,000,086

1,000,000

0.63%, dated:

5/2/14 due 8/5/14 (Collateralized by U.S. Government Obligations valued at $1,031,288, 0.6%,11/20/41)

1,001,663

1,000,000

Other Repurchase Agreement - continued

Maturity Amount

Value

Other Repurchase Agreement - continued

With: - continued

Credit Suisse Securities (U.S.A.) LLC at: - continued

0.63%, dated: - continued

6/27/14 due:

9/17/14 (Collateralized by U.S. Government Obligations valued at $1,031,288, 0.6%, 11/20/41)

$ 1,001,435

$ 1,000,000

9/24/14 (Collateralized by U.S. Government Obligations valued at $1,031,288, 0.6%, 11/20/41)

1,001,558

1,000,000

0.64%, dated:

5/9/14 due 8/7/14 (Collateralized by U.S. Government Obligations valued at $2,063,092, 2.5%, 9/20/43)

2,003,200

2,000,000

6/4/14 due 9/2/14 (Collateralized by U.S. Government Obligations valued at $2,063,092, 2.5%, 9/20/43)

2,003,200

2,000,000

0.7%, dated:

4/16/14 due 10/14/14 (Collateralized by U.S. Government Obligations valued at $1,036,294, 0.6%, 11/20/41)

1,003,519

1,000,000

4/21/14 due 10/20/14 (Collateralized by U.S. Government Obligations valued at $1,033,996, 2.5%, 9/20/43)

1,003,539

1,000,000

ING Financial Markets LLC at 0.16%, dated 6/30/14 due 7/1/14 (Collateralized by Corporate Obligations valued at $7,354,445, 6.25%, 12/15/17)

7,000,031

7,000,000

J.P. Morgan Clearing Corp. at:

0.62%, dated 6/25/14 due 11/24/14 (Collateralized by Corporate Obligations valued at $2,174,181, 5%, 10/1/19)

2,005,236

2,000,000

0.63%, dated 6/19/14 due 9/29/14 (Collateralized by Corporate Obligations valued at $2,175,334, 5%, 10/1/19)

2,007,350

2,000,000

J.P. Morgan Securities, Inc. at:

0.21%, dated 6/25/14 due 7/2/14 (Collateralized by U.S. Government Obligations valued at $2,060,151, 6.33% - 6.45%, 12/15/31 - 12/15/35)

2,000,082

2,000,000

0.61%, dated:

3/5/14 due 9/29/14 (Collateralized by Mortgage Loan Obligations valued at $1,083,135, 0.5%, 3/25/35)

1,003,779

1,000,000

5/14/14 due 9/29/14 (Collateralized by Mortgage Loan Obligations valued at $2,162,137, 0.5%, 3/25/35)

2,007,117

2,000,000

Other Repurchase Agreement - continued

Maturity Amount

Value

Other Repurchase Agreement - continued

With: - continued

J.P. Morgan Securities, Inc. at: - continued

0.61%, dated:

6/4/14 due 9/29/14 (Collateralized by Mortgage Loan Obligations valued at $3,242,382, 4.05%, 5/8/19)

$ 3,010,065

$ 3,000,000

0.63%, dated 6/18/14 due 9/29/14 (Collateralized by Mortgage Loan Obligations valued at $4,321,503, 4.05%, 5/8/19)

4,016,660

4,000,000

Merrill Lynch, Pierce, Fenner & Smith at:

0.24%, dated 6/26/14 due 7/3/14 (Collateralized by U.S. Government Obligations valued at $4,080,137, 4.69% - 5.26%, 12/20/60 - 7/20/61)

4,000,187

4,000,000

0.5%, dated 6/30/14 due 7/1/14 (Collateralized by Corporate Obligations valued at $6,300,088, 0.48%, 12/20/20)

6,000,083

6,000,000

0.78%, dated:

5/5/14 due 8/4/14 (Collateralized by Corporate Obligations valued at $1,082,776, 3.75%, 3/15/18)

1,001,972

1,000,000

5/8/14 due 8/6/14 (Collateralized by Corporate Obligations valued at $2,164,025, 3.75%, 3/15/18)

2,003,900

2,000,000

5/16/14 due 8/14/14 (Collateralized by Corporate Obligations valued at $2,162,498, 3.75%, 3/15/18)

2,003,900

2,000,000

0.85%, dated 6/4/14 due 8/6/14 (Collateralized by Corporate Obligations valued at $3,242,066, 0.28% - 7.5%, 3/15/20 - 9/25/43)

3,004,463

3,000,000

Mitsubishi UFJ Securities (U.S.A.), Inc. at 0.26%, dated:

6/6/14 due 7/7/14 (Collateralized by Equity Securities valued at $1,080,200)

1,000,224

1,000,000

6/12/14 due 7/7/14 (Collateralized by Equity Securities valued at $1,080,152)

1,000,231

1,000,000

6/19/14 due 7/7/14 (Collateralized by Equity Securities valued at $1,080,101)

1,000,231

1,000,000

Mizuho Securities U.S.A., Inc. at:

0.3%, dated:

6/16/14 due 7/1/14 (Collateralized by Equity Securities valued at $1,080,202)

1,000,125

1,000,000

6/24/14 due 7/7/14 (Collateralized by Equity Securities valued at $1,080,183)

1,000,117

1,000,000

Other Repurchase Agreement - continued

Maturity Amount

Value

Other Repurchase Agreement - continued

With: - continued

Mizuho Securities U.S.A., Inc. at: - continued

0.91%, dated:

4/21/14 due 7/21/14 (Collateralized by Corporate Obligations valued at $1,081,657, 0% - 8.88%, 2/15/19 - 3/20/43)

$ 1,002,300

$ 1,000,000

4/24/14 due 7/23/14 (Collateralized by Corporate Obligations valued at $1,051,717, 1.03% - 8.88%, 2/15/19 - 3/20/43)

1,002,275

1,000,000

5/2/14 due 8/4/14 (Collateralized by Corporate Obligations valued at $1,081,623, 1.65% - 2.5%, 3/1/28 - 10/25/37)

1,002,376

1,000,000

5/9/14 due 8/7/14 (Collateralized by Corporate Obligations valued at $1,081,362, 1.5% - 2.5%, 2/28/19 - 10/25/37)

1,002,275

1,000,000

6/2/14 due 9/2/14 (Collateralized by Corporate Obligations valued at $1,080,559, 0% - 8.88%, 2/15/19 - 3/20/43)

1,002,326

1,000,000

1.03%, dated 5/9/14 due 9/5/14 (Collateralized by Corporate Obligations valued at $1,081,602, 1.65% - 2.5%, 3/1/28 - 10/25/37)

1,003,405

1,000,000

RBC Capital Markets Co. at:

0.25%, dated 6/24/14 due 7/7/14 (Collateralized by U.S. Government Obligations valued at $1,028,487, 0% - 11.6%, 2/1/32 - 12/25/43)

1,000,097

1,000,000

0.29%, dated 6/23/14 due 7/7/14 (Collateralized by U.S. Government Obligations valued at $1,029,884, 0% - 11.6%, 10/15/20 - 1/1/44)

1,000,741

1,000,000

0.38%, dated:

6/17/14 due 7/1/14 (Collateralized by Corporate Obligations valued at $1,080,160, 5.5% - 12.63%, 2/12/15 - 6/15/30)

1,000,148

1,000,000

6/20/14 due 7/7/14 (Collateralized by Corporate Obligations valued at $1,080,126, 5.5% - 10%, 2/12/15 - 10/15/27)

1,000,179

1,000,000

RBS Securities, Inc. at 0.6%, dated 6/24/14 due 7/1/14 (Collateralized by U.S. Government Obligations valued at $1,022,599, 4%, 11/1/43)

1,000,117

1,000,000

SG Americas Securities, LLC at:

0.27%, dated:

6/24/14 due 7/1/14 (Collateralized by Equity Securities valued at $2,160,247)

2,000,105

2,000,000

6/25/14 due 7/2/14 (Collateralized by Corporate Obligations valued at $1,050,048, 0.68% - 9.25%, 7/15/14 - 5/16/24)

1,000,053

1,000,000

Other Repurchase Agreement - continued

Maturity Amount

Value

Other Repurchase Agreement - continued

With: - continued

SG Americas Securities, LLC at: - continued

0.27%, dated:

6/26/14 due 7/3/14 (Collateralized by Equity Securities valued at $2,160,155)

$ 2,000,105

$ 2,000,000

0.36%, dated 6/25/14 due 7/2/14 (Collateralized by Corporate Obligations valued at $2,100,552, 1.5% - 10.5%, 4/1/15 - 6/9/44)

2,000,140

2,000,000

UBS Securities LLC at 0.43%, dated:

4/8/14 due 7/7/14 (Collateralized by Corporate Obligations valued at $2,162,168, 2% - 9%, 10/1/18 - 11/15/18)

2,002,174

2,000,000

4/15/14 due 7/7/14 (Collateralized by Corporate Obligations valued at $1,080,994, 0.25% - 11.75%, 5/1/15 - 8/15/21)

1,001,075

1,000,000

Wells Fargo Securities, LLC at 0.4%, dated 6/25/14 due 7/2/14 (Collateralized by U.S. Government Obligations valued at $1,033,933, 1.25% - 3%, 7/15/15 - 11/16/26)

1,000,078

1,000,000

TOTAL OTHER REPURCHASE AGREEMENT

(Cost $83,000,000)

83,000,000

TOTAL INVESTMENT PORTFOLIO - 99.1%

(Cost $826,039,175)

826,039,175

NET OTHER ASSETS (LIABILITIES) - 0.9%

7,288,735

NET ASSETS - 100%

$ 833,327,910

Security Type Abbreviations

CP

-

COMMERCIAL PAPER

TRAN

-

TAX AND REVENUE ANTICIPATION NOTE

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 $10,000,000 or 1.2% of net assets.

(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

# Additional information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty

Value

$88,855,000 due 7/01/14 at 0.11%

BNP Paribas Securities Corp.

$ 13,923,902

BNY Mellon Capital Markets LLC

12,135,511

Bank of America NA

22,635,923

Credit Agricole CIB New York Branch

689,808

Deutsche Bank Securities, Inc.

1,405,164

HSBC Securities (USA), Inc.

2,207,450

J.P. Morgan Securities, Inc.

3,282,975

Mizuho Securities USA, Inc.

12,774,222

Wells Fargo Securities LLC

19,800,045

 

$ 88,855,000

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 June 30, 2014, the cost of investment securities for income tax purposes was $826,039,175.

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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC

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 Garrison 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

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 Garrison Street Trust

By:

/s/Stephanie J. Dorsey

 

Stephanie J. Dorsey

 

President and Treasurer

 

 

Date:

August 29, 2014

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/Stephanie J. Dorsey

 

Stephanie J. Dorsey

 

President and Treasurer

 

 

Date:

August 29, 2014

By:

/s/Howard J. Galligan III

 

Howard J. Galligan III

 

Chief Financial Officer

 

 

Date:

August 29, 2014