N-Q 1 formnq-070.htm FORM N-Q formnq-070.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

811-7512

 

 

 

DREYFUS PREMIER WORLDWIDE GROWTH FUND, INC.

-  Dreyfus Worldwide Growth Fund

 

 

(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:

 07/31/10

 

 

 


 

 

FORM N-Q

Item 1.                        Schedule of Investments.

 


 

STATEMENT OF INVESTMENTS     
Dreyfus Worldwide Growth Fund     
July 31, 2010 (Unaudited)     
 
 
Common Stocks--99.5%  Shares  Value ($) 
Consumer Discretionary--18.0%     
Christian Dior  230,000  24,925,134 
LVMH Moet Hennessy Louis Vuitton  20,775  2,534,573 
McDonald's  207,800  14,489,894 
McGraw-Hill  130,000  3,989,700 
News, Cl. A  516,400  6,739,020 
Procter & Gamble  330,000  20,182,800 
    72,861,121 
Consumer Staples--37.2%     
Altria Group  552,500  12,243,400 
Coca-Cola  403,100  22,214,841 
DANONE, ADR  742,000  8,347,500 
Diageo, ADR  165,000  11,530,200 
L'Oreal, ADR  970,000  20,418,500 
Nestle, ADR  475,000  23,441,250 
PepsiCo  168,175  10,916,239 
Philip Morris International  552,500  28,199,600 
Walgreen  456,000  13,018,800 
    150,330,330 
Energy--19.8%     
Chevron  263,800  20,104,198 
ConocoPhillips  15,000  828,300 
Exxon Mobil  411,008  24,528,957 
Royal Dutch Shell, Cl. A, ADR  147,000  8,146,740 
Statoil, ADR  400,068  8,133,382 
Total, ADR  363,016  18,379,500 
    80,121,077 
Financial--2.4%     
Eurazeo  73,152  4,660,148 
JPMorgan Chase & Co.  65,100  2,622,228 
Zurich Financial Services  10,100  2,357,992 

 



    9,640,368 
Health Care--12.2%     
Abbott Laboratories  200,300  9,830,724 
Becton Dickinson & Co.  20,000  1,376,000 
Johnson & Johnson  228,525  13,275,017 
Novartis, ADR  7,000  341,180 
Novo Nordisk, ADR  50,000  4,301,500 
Roche Holding, ADR  626,000  20,376,300 
    49,500,721 
Industrial--1.6%     
General Electric  106,072  1,709,881 
United Technologies  65,000  4,621,500 
    6,331,381 
Information Technology--4.3%     
Apple  16,000 a  4,116,000 
Intel  570,941  11,761,385 
International Business Machines  11,000  1,412,400 
Microsoft  9,000  232,290 
    17,522,075 
Materials--4.0%     
Air Liquide, ADR  710,462  16,056,441 
Total Common Stocks     
(cost $220,732,806)    402,363,514 
 
Other Investment--.3%     
Registered Investment Company;     
Dreyfus Institutional Preferred     
Plus Money Market Fund     
(cost $1,242,000)  1,242,000 b  1,242,000 
 
Total Investments (cost $221,974,806)  99.8%  403,605,514 
Cash and Receivables (Net)  .2%  700,578 
Net Assets  100.0%  404,306,092 

 

ADR - American Depository Receipts 
a  Non-income producing security. 
b  Investment in affiliated money market mutual fund. 

 



At July 31, 2010, the aggregate cost of investment securities for income tax purposes was $221,974,806. Net unrealized appreciation on investments was $181,630,708 of which $184,706,032 related to appreciated investment securities and $3,075,324 related to depreciated investment securities.

Portfolio Summary (Unaudited) †  Value (%) 
Consumer Staples  37.2 
Energy  19.8 
Consumer Discretionary  18.0 
Health Care  12.2 
Information Technology  4.3 
Materials  4.0 
Financial  2.4 
Industrial  1.6 
Money Market Investment  .3 
  99.8 

 

† Based on net assets. 

 



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.

The following is a summary of the inputs used as of July 31, 2010 in valuing the fund's investments:

      Level 3 -   
  Level 1 -  Level 2 - Other  Significant   
  Unadjusted Quoted  Significant Observable  Unobservable   
Assets ($)  Prices  Inputs  Inputs  Total 
Investments in Securities:         
Equity Securities - Domestic+  228,413,174  -  -  228,413,174 
Equity Securities - Foreign+  173,950,340  -  -  173,950,340 
Mutual Funds  1,242,000  -  -  1,242,000 

 

+ See Statement of Investments for industry classification. 

 



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.

Portfolio valuation: Investments in securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available, are valued at the official closing price or, if there is no official closing price that day, at the last sales price. Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices, except for open short positions, where the asked price is used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board of Directors. Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant ADR’s and futures contracts. For other securities that are fair valued by the Board of Directors, certain factors may be considered such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. Financial futures are valued at the last sales price. Investments denominated in foreign currencies are



translated to U.S. dollars at the prevailing rates of exchange.

The fund adopted the provisions of ASC Topic 815 “Derivatives and Hedging” which requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in derivative agreements. The fund held no derivatives during the period ended July 31, 2010.

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 Premier Worldwide Growth Fund, Inc.

By:       /s/  Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    September 24, 2010

 

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:    September 24, 2010

 

By:       /s/  James Windels 

            James Windels

            Treasurer

 

Date:    September 24, 2010

 

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)