<DOCUMENT>
<TYPE>EX-99.77Q2 ITEM 405
<SEQUENCE>4
<FILENAME>DuffPhelps77Q2.txt
<TEXT>
Exhibit 77Q2


Section 16(a) Beneficial Ownership Reporting Compliance

Section 30(h) of the Investment Company Act of 1940 imposes
the filing requirements of section 16 of the Securities
Exchange Act of 1934 upon (i) the registrant's directors
and officers, (ii) the registrant's investment adviser and
certain of its affiliated persons and (iii) every person
who is directly or indirectly the beneficial owner of more
than 10% of any class of the registrant's outstanding
securities (other than short-term paper). Based solely on a
review of the copies of Section 16(a) forms furnished to
the registrant, or written representations that no Forms 5
were required, the registrant believes that during the
fiscal year ended October 31, 2014 all such filing
requirements were complied with.



</TEXT>
</DOCUMENT>
