<DOCUMENT>
<TYPE>EX-99.77Q2 ITEM 405
<SEQUENCE>4
<FILENAME>duff77q2.txt
<TEXT>
Exhibit 77Q2
Section 16(a) Beneficial Ownership Reporting Compliance
Section 30(h) of the 1940 Act imposes the filing requirements of
Section 16 of the 1934 Act upon (i) the registrant's directors
and officers, (ii) the registrant's investment adviser and
certain of their 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, 2016 all
such filing requirements were complied with, except that David
Grumhaus, an officer of the registrant's investment adviser, was
late in filing a Form 3.

</TEXT>
</DOCUMENT>
