|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Agent 10/14/14 Old Westbury Funds Inc 40-17F2 10/14/14 1:45K Old Westbury Funds Inc Command Financial |
Document/Exhibit Description Pages Size
1: 40-17F2 Certificate of Accounting of Securities in the HTML 21K
Custody of a Management Investment
Company
| 40-17F2 | 1st “Page” of 4 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
|---|
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-17f-2
Certificate of Accounting of Securities
and Similar
Investments in the Custody of
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
| 1. | Investment Company Act File Number: 811-07912 |
| Date examination completed: April 30, 2014 |
| 2. | State Identification Number: |
| AL | AK | AZ | AR | CA | CO |
| CT | DE | DC | FL | GA | HI |
| ID | IL | IN | IA | KS | KY |
| LA | ME | MD D03721305 | MA | MI | MN |
| MS | MO | MT | NE | NV | NH |
| NJ | NM | NY | NC | ND | OH |
| OK | OR | PA | RI | SC | SD |
| TN | TX | UT | VT | VA | WA |
| WV | WI | WY | PUERTO RICO | ||
| Other (specify): | |||||
| 3. | Exact name of investment company as specified in registration statement: |
| Old Westbury Funds, Inc. | |
| 4. | Address of principal executive office: |
| 760 Moore Road, King of Prussia, Pennsylvania 19406 |
Management Statement Regarding Compliance
With Certain
Provisions of the Investment Company Act of 1940
I, as a member of management of Old Westbury Large Cap Core Fund, Old Westbury Large Cap Strategies Fund, Old Westbury Small & Mid Cap Fund (Bessemer Managed U.S. Mid Cap sleeve and Tax Managed sleeve), Old Westbury Fixed Income Fund, Old Westbury Municipal Bond Fund, and the collectible coin collection and precious metals of Old Westbury Real Return Fund and OWF Real Return Fund Ltd. (collectively, the “Funds”), am responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, “Custody of Investments by Registered Management Investment Companies,” of the Investment Company Act of 1940 (the “Act”). I am also responsible for establishing and maintaining effective internal controls over compliance with those requirements. I have performed an evaluation of the Funds’ compliance with the requirements of subsections (b) and (c) of Rule 17f-2 as of April 30, 2014 and from July 31, 2013 (date of last examination) through April 30, 2014.
Based on this evaluation, I assert that the Funds were in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Act as of April 30, 2014 and from July 31, 2013 (date of last examination) through April 30, 2014, with respect to securities, collectible coins and precious metals reflected in the investment account of the Funds.
| By: | /s/ Matthew Rizzi | |
| Matthew Rizzi | ||
| Old Westbury Funds, Inc. | ||
| Vice President & Treasurer |
 |
Ernst & Young LLP 5 Times Square New York, NY 10036-6530 |
Tel: +1 212 773 3000 Fax +1 212 773 6350 www.ey.com |
Report of Independent Registered Public Accounting Firm
To the Board of Directors of Old Westbury Funds, Inc.
We have examined management’s assertion, included in the accompanying Management Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940, that Old Westbury Funds, Inc. (comprising, respectively, Old Westbury Large Cap Core Fund, Old Westbury Large Cap Strategies Fund, Old Westbury Small & Mid Cap Fund (Bessemer Managed U.S. Mid Cap sleeve and Tax Managed sleeve), Old Westbury Fixed Income Fund, Old Westbury Municipal Bond Fund and the collectible coin collection and precious metals of Old Westbury Real Return Fund and OWF Real Return Fund Ltd.) (collectively, the “Funds”) complied with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (the “Act”) as of April 30, 2014. Management is responsible for the Funds’ compliance with those requirements. Our responsibility is to express an opinion on management’s assertion about the Funds’ compliance based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Funds’ compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of April 30, 2014 and with respect to agreement of security purchases and sales, for the period from July 31, 2013 (the date of our last examination) through April 30, 2014:
| · | Confirmation of all securities held by Bank of New York Mellon, Federated Shareholder Services Company, and SEI Investments Company in book entry form and confirmation of the collectible coins and precious metals held by Scotia Mocatta without prior notice to management; |
| · | Reconciliation of such confirmations to the books and records of the Funds; |
| · | Agreement of pending purchase activity as of April 30, 2014 to documentation supporting corresponding subsequent cash payments and related settlements; and |
| · | Agreement of a total of five security purchases and five security sales across all Funds since our last examination from the books and records of the Funds to cash settlement per the bank statements. |
A member firm of Ernst & Young Global Limited
|
We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Funds’ compliance with specified requirements.
In our opinion, management’s assertion that the Funds complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Act as of April 30, 2014, with respect to securities, collectible coins and precious metals reflected in the investment accounts of the Funds is fairly stated, in all material respects.
This report is intended solely for the information and use of management and the Board of Directors of Old Westbury Funds, Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
New York, New York
A member firm of Ernst & Young Global Limited
| 2 |
| Referenced-On Page | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| This ‘40-17F2’ Filing | Date | First | Last | Other Filings | |||||
 | |||||||||
| Filed on / Effective on: | 10/14/14 | ||||||||
| 9/16/14 | 2 | 4 | |||||||
| 4/30/14 | 1 | 4 | N-CSRS, NSAR-A | ||||||
| 7/31/13 | 2 | 3 | N-Q | ||||||
| List all Filings | |||||||||