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Chubb Group of Insurance Companies
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DECLARATIONS
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15 Mountain View Road, Warren, New Jersey
07059
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FINANCIAL INSTITUTION INVESTMENT
COMPANY ASSET PROTECTION BOND
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NAME OF ASSURED
(including its
Subsidiaries
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Bond Number: 82124376
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DIAMOND HILL FINANCIAL
TRENDS FUND, INC.
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JOHN HANCOCK FINANCIAL TRENDS FUNDS, INC.
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FEDERAL INSURANCE COMPANY
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325 JOHN H. MC CONNELL BLVD., STE. 200
COLUMBUS, OHIO
43215
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Incorporated under the
laws of Indiana
a stock insurance company herein called the COMPANY
Capital Center, 251 North Illinois, Suite 1100
Indianapolis, IN 46204-1927
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ITEM 1.
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BOND PERIOD:
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from
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12:01 a.m. on August 31, 2012
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to
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12:01 a.m. on August 31, 2013
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ITEM 2.
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LIMITS OF LIABILITYDEDUCTIBLE AMOUNTS:
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If Not Covered is inserted below opposite any specified INSURING CLAUSE, such INSURING CLAUSE and any other reference shall be deemed to be deleted.
There shall be no deductible applicable to any loss under INSURING CLAUSE 1. sustained by any Investment Company.
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INSURING CLAUSE
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LIMIT OF LIABILITY
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DEDUCTIBLE
AMOUNT
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1.
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Employee
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$ 350,000
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$ 50,000
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2.
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On Premises
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$ Not Covered
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$ N/A
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3.
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In Transit
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$ Not Covered
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$ N/A
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4.
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Forgery or Alteration
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$ Not Covered
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$ N/A
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5.
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Extended Forgery
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$ Not Covered
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$ N/A
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6.
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Counterfeit Money
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$ Not Covered
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$ N/A
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7.
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Threats to Person
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$ Not Covered
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$ N/A
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8.
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Computer System
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$ Not Covered
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$ N/A
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9.
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Voice Initiated Funds Transfer Instruction
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$ Not Covered
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$ N/A
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10.
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Uncollectible Items of Deposit
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$ Not Covered
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$ N/A
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11.
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Audit Expense
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$ Not Covered
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$ N/A
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ITEM 3.
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THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE FOLLOWING ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH:
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1-6
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IN WITNESS WHEREOF, THE COMPANY
has caused this Bond to be signed by its authorized officers, but it shall not be
valid unless also signed by an authorized representative of the Company.
ICAP Bond (5-98) - Federal
Form 17-02-1421 (Ed. 5-98) Page 1 of 1
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The COMPANY, in consideration of payment of the required premium, and in reliance on the APPLICATION and
all other statements made and information furnished to the COMPANY by the ASSURED, and subject to the DECLARATIONS made a part of this Bond and to all other terms and conditions of this Bond, agrees to pay the ASSURED for:
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Insuring Clauses
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Employee
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1. Loss resulting directly from
Larceny
or
Embezzlement
committed by any
Employee
, alone or in collusion with others.
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On Premises
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2. Loss of
Property
resulting directly from
robbery, burglary, false pretenses, common law or statutory larceny, misplacement, mysterious unexplainable disappearance, damage, destruction or removal, from the possession, custody or control of the ASSURED, while such
Property
is lodged
or deposited at premises located anywhere.
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In Transit
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3. Loss of
Property
resulting directly from common law or statutory larceny,
misplacement, mysterious unexplainable disappearance, damage or destruction, while the
Property
is in transit anywhere:
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a. in an armored motor vehicle, including loading and unloading
thereof,
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b. in the custody of a natural person acting as a messenger of the ASSURED,
or
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c. in the custody of a
Transportation Company
and being transported in a conveyance
other than an armored motor vehicle provided, however, that covered
Property
transported in such manner is limited to the following:
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(1) written records,
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(2) securities issued in registered form, which are not endorsed or are restrictively endorsed,
or
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(3) negotiable instruments not payable to bearer, which are not endorsed or are restrictively
endorsed.
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Coverage under this INSURING CLAUSE begins immediately on the receipt of such
Property
by the natural person or
Transportation Company
and ends immediately on delivery to the premises of the addressee or to any representative of the addressee located anywhere.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 1 of 19
Insuring Clauses
(continued)
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Forgery Or Alteration
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4. Loss resulting directly from:
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a.
Forgery
on, or fraudulent material alteration of, any bills of exchange, checks,
drafts, acceptances, certificates of deposits, promissory notes, due bills, money orders, orders upon public treasuries, letters of credit, other written promises, orders or directions to pay sums certain in money, or receipts for the withdrawal of
Property
, or
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b. transferring, paying or delivering any funds or other
Property
, or establishing
any credit or giving any value in reliance on any written instructions, advices or applications directed to the ASSURED authorizing or acknowledging the transfer, payment, delivery or receipt of funds or other
Property
, which instructions,
advices or applications fraudulently purport to bear the handwritten signature of any customer of the ASSURED, or shareholder or subscriber to shares of an
Investment Company
, or of any financial institution or
Employee
but which
instructions, advices or applications either bear a
Forgery
or have been fraudulently materially altered without the knowledge and consent of such customer, shareholder, subscriber, financial institution or
Employee
;
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excluding, however, under this INSURING CLAUSE any loss covered under INSURING CLAUSE 5. of this Bond, whether or not coverage for INSURING CLAUSE
5. is provided for in the DECLARATIONS of this Bond.
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For the purpose of this INSURING CLAUSE, a mechanically reproduced facsimile signature is treated the same
as a handwritten signature.
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Extended Forgery
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5. Loss resulting directly from the ASSURED having, in good faith, and in the ordinary
course of business, for its own account or the account of others in any capacity:
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a. acquired, accepted or received, accepted or received, sold or delivered, or given value,
extended credit or assumed liability, in reliance on any original
Securities, documents or other written instruments
which prove to:
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(1) bear a
Forgery
or a fraudulently material alteration,
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(2) have been lost or stolen, or
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(3) be
Counterfeit
, or
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b. guaranteed in writing or witnessed any signatures on any transfer, assignment, bill of
sale, power of attorney, guarantee, endorsement or other obligation upon or in connection with any
Securities, documents or other written instruments
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Actual physical possession, and continued actual physical possession if taken as collateral, of such
Securities, documents or other written
instruments
by an
Employee, Custodian
, or a Federal or State chartered deposit institution of the ASSURED is a condition precedent to the ASSURED having relied on such items. Release or return of such collateral is an acknowledgment by
the ASSURED that it no longer relies on such collateral.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 2 of 19
Insuring Clauses
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Extended Forgery (continued)
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For the purpose of this INSURING CLAUSE, a mechanically reproduced facsimile signature is treated the same
as a handwritten signature.
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Counterfeit Money
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6. Loss resulting directly from the receipt by the
ASSURED in good faith of any
Counterfeit
money.
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Threats To Person
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7. Loss resulting directly from surrender of
Property
away from an office of the
ASSURED as a result of a threat communicated to the ASSURED to do bodily harm to an
Employee
as defined in Section 1.e. (1), (2) and (5), a
Relative
or invitee of such
Employee
, or a resident of the household of such
Employee
, who is, or allegedly is, being held captive provided, however, that prior to the surrender of such
Property
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a. the
Employee
who receives the threat has made a reasonable effort to notify an
officer of the ASSURED who is not involved in such threat, and
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b. the ASSURED has made a reasonable effort to notify the Federal Bureau of Investigation
and local law enforcement authorities concerning such threat.
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It is agreed that for purposes of this INSURING CLAUSE, any
Employee
of the ASSURED, as set forth in
the preceding paragraph, shall be deemed to be an ASSURED hereunder, but only with respect to the surrender of money, securities and other tangible personal property in which such
Employee
has a legal or equitable
interest.
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Computer System
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8. Loss resulting directly from fraudulent:
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a. entries of data into, or
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b. changes of data elements or programs within,
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a
Computer System
, provided the fraudulent entry or change causes:
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(1) funds or other property to be transferred, paid or delivered,
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(2) an account of the ASSURED or of its customer to be added, deleted, debited or credited,
or
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(3) an unauthorized account or a fictitious account to be debited or credited.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 3 of 19
Insuring Clauses
(continued)
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Voice Initiated Funds Transfer Instruction
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9. Loss resulting directly from
Voice Initiated Funds Transfer
Instruction
directed to the ASSURED authorizing the transfer of dividends or redemption proceeds of
Investment Company
shares from a
Customers
account, provided such
Voice Initiated Funds Transfer Instruction
was:
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a. received at the ASSUREDS offices by those
Employees
of the ASSURED
specifically authorized to receive the
Voice Initiated Funds Transfer Instruction
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b. made by a person purporting to be a
Customer
, and
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c. made by said person for the purpose of causing the ASSURED or
Customer
to sustain
a loss or making an improper personal financial gain for such person or any other person.
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In order for coverage to apply under this INSURING CLAUSE, all
Voice Initiated Funds Transfer
Instructions
must be received and processed in accordance with the Designated Procedures outlined in the APPLICATION furnished to the COMPANY.
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Uncollectible Items of Deposit
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10. Loss resulting directly from the ASSURED having credited an account of a customer, shareholder or
subscriber on the faith of any
Items of Deposit
which prove to be uncollectible, provided that the crediting of such account causes:
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a. redemptions or withdrawals to be permitted,
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b. shares to be issued, or
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c. dividends to be paid,
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from an account of an
Investment Company
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In order for coverage to apply under this INSURING CLAUSE, the ASSURED must hold
Items of Deposit
for the minimum number of days stated in
the APPLICATION before permitting any redemptions or withdrawals, issuing any shares or paying any dividends with respect to such
Items of Deposit
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Items of Deposit
shall not be deemed uncollectible until the ASSUREDS standard collection
procedures have failed.
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Audit Expense
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11. Expense incurred by the ASSURED for that part of the cost of audits or examinations required by any
governmental regulatory authority or self-regulatory organization to be conducted by such authority, organization or their appointee by reason of the discovery of loss sustained by the ASSURED and covered by this Bond.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 4 of 19
General Agreements
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Additional Companies Included As Assured
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A. If more than one corporation, or
Investment Company
, or any combination of them is
included as the ASSURED herein:
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(1) The total liability of the COMPANY under this Bond for loss or losses sustained by any one or more
or all of them shall not exceed the limit for which the COMPANY would be liable under this Bond if all such loss were sustained by any one of them.
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(2) Only the first named ASSURED shall be deemed to be the sole agent of the others for all purposes
under this Bond, including but not limited to the giving or receiving of any notice or proof required to be given and for the purpose of effecting or accepting any amendments to or termination of this Bond. The COMPANY shall furnish each
Investment Company
with a copy of the Bond and with any amendment thereto, together with a copy of each formal filing of claim by any other named ASSURED and notification of the terms of the settlement of each such claim prior to the
execution of such settlement.
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(3) The COMPANY shall not be responsible for the proper application of any payment made hereunder to
the first named ASSURED.
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(4) Knowledge possessed or discovery made by any partner, director, trustee, officer or supervisory
employee of any ASSURED shall constitute knowledge or discovery by all the ASSUREDS for the purposes of this Bond.
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(5) If the first named ASSURED ceases for any reason to be
covered under this Bond, then the ASSURED next named on the APPLICATION shall thereafter be considered as the first named ASSURED for the purposes of this Bond.
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Representation Made By Assured
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B. The ASSURED represents that all information it has furnished in the APPLICATION for this Bond
or otherwise is complete, true and correct. Such APPLICATION and other information constitute part of this Bond.
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The ASSURED must promptly notify the COMPANY of any change in any fact or circumstance which materially affects the risk assumed by the COMPANY
under this Bond.
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Any intentional misrepresentation, omission, concealment or incorrect statement of a material fact, in the APPLICATION or otherwise, shall be
grounds for recision of this Bond.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 5 of 19
General Agreements
(continued)
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Additional Offices Or Employees - Consolidation, Merger Or Purchase Or Acquisition Of Assets Or Liabilities - Notice To
Company
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C. If the ASSURED,
other than an
Investment Company
, while this Bond is in force, merges or consolidates with, or purchases or acquires assets or liabilities of another institution, the ASSURED shall not have the coverage afforded under this Bond for loss which
has:
(1) occurred or will occur on premises, or
(2) been caused or
will be caused by an employee, or
(3) arisen or will arise out of the assets or liabilities, of such institution, unless the
ASSURED:
a. gives the COMPANY written notice of the proposed consolidation, merger or
purchase or acquisition of assets or liabilities prior to the proposed effective date of such action, and
b. obtains the written consent of the COMPANY to extend some or all of the
coverage provided by this Bond to such additional exposure, and
c. on obtaining such consent, pays to the COMPANY an additional premium.
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Change Of Control - Notice To Company
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D. When the ASSURED learns of a change in control (other than in an
Investment Company
),
as set forth in Section 2(a) (9) of the Investment Company Act of 1940, the ASSURED shall within sixty (60) days give written notice to the COMPANY setting forth:
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(1) the names of the transferors and transferees (or the names of the beneficial owners if the voting
securities are registered in another name),
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(2) the total number of voting securities owned by the transferors and the transferees (or the
beneficial owners), both immediately before and after the transfer, and
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(3) the total number of outstanding voting securities. Failure
to give the required notice shall result in termination of coverage for any loss involving a transferee, to be effective on the date of such change in control.
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Court Costs And Attorneys Fees
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E. The COMPANY will indemnify the ASSURED for court costs and reasonable attorneys fees
incurred and paid by the ASSURED in defense, whether or not successful, whether or not fully litigated on the merits and whether or not settled, of any claim, suit or legal proceeding with respect to which the ASSURED would be entitled to recovery
under this Bond. However, with respect to INSURING CLAUSE 1., this Section shall only apply in the event that:
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(1) an
Employee
admits to being guilty of
Larceny or
Embezzlement
,
(2) an
Employee
is adjudicated to be guilty of
Larceny or Embezzlement
,
or
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 6 of 19
General Agreements
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Court Costs And Attorneys Fees (continued)
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(3) in the absence of 1 or 2 above, an arbitration panel agrees, after a review of an agreed statement of
facts between the COMPANY and the ASSURED, that an
Employee
would be found guilty of
Larceny or Embezzlement
if such
Employee
were prosecuted.
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The ASSURED shall promptly give notice to the COMPANY of any such suit or legal proceeding and at the request of the COMPANY shall furnish copies of all pleadings and pertinent
papers to the COMPANY. The COMPANY may, at its sole option, elect to conduct the defense of all or part of such legal proceeding. The defense by the COMPANY shall be in the name of the ASSURED through attorneys selected by the COMPANY. The ASSURED
shall provide all reasonable information and assistance as required by the COMPANY for such defense.
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If the COMPANY declines to defend the ASSURED, no settlement without the prior written consent of the COMPANY nor judgment against the ASSURED shall determine the existence,
extent or amount of coverage under this Bond.
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If the amount demanded in any such suit or legal proceeding is within the DEDUCTIBLE AMOUNT, if any, the COMPANY shall have no liability for court costs and attorneys fees
incurred in defending all or part of such suit or legal proceeding.
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If the amount demanded in any such suit or legal proceeding is in excess of the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS for the applicable INSURING CLAUSE, the
COMPANYS liability for court costs and attorneys fees incurred in defending all or part of such suit or legal proceedings is limited to the proportion of such court costs and attorneys fees incurred that the LIMIT OF LIABILITY
stated in ITEM 2. of the DECLARATIONS for the applicable INSURING CLAUSE bears to the total of the amount demanded in such suit or legal proceeding.
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If the amount demanded is any such suit or legal proceeding is in excess of the DEDUCTIBLE AMOUNT, if any, but within the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS
for the applicable INSURING CLAUSE, the COMPANYS liability for court costs and attorneys fees incurred in defending all or part of such suit or legal proceedings shall be limited to the proportion of such court costs or attorneys
fees that the amount demanded that would be payable under this Bond after application of the DEDUCTIBLE AMOUNT, bears to the total amount demanded.
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Amounts paid by the COMPANY for court costs and attorneys fees shall be in addition to the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 7 of 19
Conditions And
Limitations
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Definitions
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1. As used in this Bond:
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a.
Computer System
means a computer and all input, output, processing, storage,
off-line media libraries, and communication facilities which are connected to the computer and which are under the control and supervision of the operating system(s) or application(s) software used by the ASSURED.
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b.
Counterfeit
means an imitation of an actual valid original which is intended to
deceive and be taken as the original.
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c.
Custodian
means the institution designated by an
Investment Company
to
maintain possession and control of its assets.
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d.
Customer
means an individual, corporate, partnership, trust customer, shareholder
or subscriber of an
Investment Company
which has a written agreement with the ASSURED for
Voice Initiated Funds Transfer Instruction.
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e.
Employee
means:
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(1) an officer of the ASSURED,
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(2) a natural person while in the regular service of the ASSURED at any of the ASSUREDS premises
and compensated directly by the ASSURED through its payroll system and subject to the United States Internal Revenue Service Form W-2 or equivalent income reporting plans of other countries, and whom the ASSURED has the right to control and direct
both as to the result to be accomplished and details and means by which such result is accomplished in the performance of such service,
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(3) a guest student pursuing studies or performing duties in any of the ASSUREDS
premises,
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(4) an attorney retained by the ASSURED and an employee of such attorney while either is performing
legal services for the ASSURED,
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(5) a natural person provided by an employment contractor to perform employee duties for the ASSURED
under the ASSUREDS supervision at any of the ASSUREDS premises,
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(6) an employee of an institution merged or consolidated with the ASSURED prior to the effective date
of this Bond,
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(7) a director or trustee of the ASSURED, but only while performing acts within the scope of the
customary and usual duties of any officer or other employee of the ASSURED or while acting as a member of any committee duly elected or appointed to examine or audit or have custody of or access to
Property
of the ASSURED,
or
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 8 of 19
Conditions And
Limitations
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Definitions
(continued)
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(8) each natural person, partnership or corporation authorized by written agreement with the ASSURED to
perform services as electronic data processor of checks or other accounting records related to such checks but only while such person, partnership or corporation is actually performing such services and not:
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a. creating, preparing, modifying or maintaining the ASSUREDS computer software or
programs, or
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b. acting as transfer agent or in any other agency capacity in issuing checks, drafts or
securities for the ASSURED,
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(9) any partner, officer or employee of an investment advisor, an underwriter (distributor), a transfer
agent or shareholder accounting recordkeeper, or an administrator, for an
Investment Company
while performing acts coming within the scope of the customary and usual duties of an officer or employee of an
Investment Company
or acting
as a member of any committee duly elected or appointed to examine, audit or have custody of or access to
Property
of
an Investment Company
.
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The term
Employee
shall not include any partner, officer or employee of a transfer agent, shareholder accounting recordkeeper or
administrator:
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a. which is not an affiliated person (as defined in Section 2(a) of the
Investment Company Act of 1940) of an
Investment Company
or of the investment advisor or underwriter (distributor) of such
Investment
Company
, or
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b. which is a bank (as defined in Section 2(a) of the Investment Company Act of
1940).
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This Bond does not afford coverage in favor of the employers of persons as set forth in e. (4), (5) and (8) above, and upon payment to the ASSURED
by the COMPANY resulting directly from
Larceny or Embezzlement
committed by any of the partners, officers or employees of such employers, whether acting alone or in collusion with others, an assignment of such of the ASSUREDS rights and
causes of action as it may have against such employers by reason of such acts so committed shall, to the extent of such payment, be given by the ASSURED to the COMPANY, and the ASSURED shall execute all papers necessary to secure to the COMPANY the
rights provided for herein.
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Each employer of persons as set forth in e.(4), (5) and (8) above and the partners, officers and other employees
of such employers shall collectively be deemed to be one person for all the purposes of this Bond; excepting, however, the fifth paragraph of Section 13.
Independent contractors not specified in e.(4), (5) or (8) above, intermediaries, agents, brokers or other representatives of the same
general character shall not be considered
Employees
.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 9 of 19
Conditions And
Limitations
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Definitions
(continued)
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f.
Forgery
means the signing of the name of another natural person with the
intent to deceive but does not mean a signature which consists in whole or in part of ones own name, with or without authority, in any capacity for any purpose.
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g.
Investment Company
means any investment company registered under the Investment
Company Act of 1940 and listed under the NAME OF ASSURED on the DECLARATIONS.
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h.
Items of Deposit
means one or more checks or drafts drawn upon a financial
institution in the United States of America.
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i.
Larceny or Embezzlement
means larceny or embezzlement as defined in Section
37 of the Investment Company Act of 1940.
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j.
Property
means money, revenue and other stamps; securities; including any
note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of deposit, certificate of interest or participation in any profit- sharing agreement, collateral trust certificate, preorganization certificate or subscription,
transferable share, investment contract, voting trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any interest or instruments commonly known as a security under the
Investment Company Act of 1940, any other certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the foregoing; bills of exchange;
acceptances; checks; withdrawal orders; money orders; travelers letters of credit; bills of lading; abstracts of title; insurance policies, deeds, mortgages on real estate and/or upon chattels and interests therein; assignments of such
policies, deeds or mortgages; other valuable papers, including books of accounts and other records used by the ASSURED in the conduct of its business (but excluding all electronic data processing records); and, all other instruments similar to or in
the nature of the foregoing in which the ASSURED acquired an interest at the time of the ASSUREDS consolidation or merger with, or purchase of the principal assets of, a predecessor or which are held by the ASSURED for any purpose or in any
capacity and whether so held gratuitously or not and whether or not the ASSURED is liable therefor.
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k.
Relative
means the spouse of an
Employee
or partner of the ASSURED and any
unmarried child supported wholly by, or living in the home of, such
Employee
or partner and being related to them by blood, marriage or legal guardianship.
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l.
Securities, documents or other written instruments
means original
(including original counterparts) negotiable or non-negotiable instruments, or assignments thereof, which in and of themselves represent an equitable interest, ownership, or debt and which are in the ordinary course of business transferable by
delivery of such instruments with any necessary endorsements or assignments.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 10 of 19
Conditions And
Limitations
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Definitions
(continued)
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m.
Subsidiary
means any organization that, at the inception date of this Bond, is named in
the APPLICATION or is created during the BOND PERIOD and of which more than fifty percent (50%) of the outstanding securities or voting rights representing the present right to vote for election of directors is owned or controlled by the ASSURED
either directly or through one or more of its subsidiaries.
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n.
Transportation Company
means any organization which provides its own or its
leased vehicles for transportation or which provides freight forwarding or air express services.
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o.
Voice Initiated Election
means any election concerning dividend options available
to
Investment Company
shareholders or subscribers which is requested by voice over the telephone.
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p.
Voice Initiated Redemption
means any redemption of shares issued by an
Investment Company
which is requested by voice over the telephone.
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q.
Voice Initiated Funds Transfer Instruction
means any
Voice Initiated
Redemption
or
Voice Initiated Election
.
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For the purposes of these definitions, the singular includes the plural and the plural includes the
singular, unless otherwise indicated.
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General Exclusions - Applicable to All Insuring Clauses
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2.
This bond does not directly or indirectly cover:
a. loss not reported to the COMPANY in writing within sixty (60) days after
termination of this Bond as an entirety;
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b. loss due to riot or civil commotion outside the United States of America and Canada, or
any loss due to military, naval or usurped power, war or insurrection. This Section 2.b., however, shall not apply to loss which occurs in transit in the circumstances recited in INSURING CLAUSE 3., provided that when such transit was initiated
there was no knowledge on the part of any person acting for the ASSURED of such riot, civil commotion, military, naval or usurped power, war or insurrection;
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c. loss resulting from the effects of nuclear fission or fusion or
radioactivity;
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d. loss of potential income including, but not limited to, interest and dividends not
realized by the ASSURED or by any customer of the ASSURED;
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e. damages of any type for which the ASSURED is legally liable, except compensatory
damages, but not multiples thereof, arising from a loss covered under this Bond;
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f. costs, fees and expenses incurred by the ASSURED in establishing the existence of
or amount of loss under this Bond, except to the extent covered under INSURING CLAUSE 11.;
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g. loss resulting from indirect or consequential loss of any nature;
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 11 of 19
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Conditions And Limitations
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General Exclusions -
Applicable to All Insuring
Clauses
(continued)
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h. loss resulting from dishonest acts by any member of
the Board of Directors or Board of Trustees of the ASSURED who is not an
Employee
, acting alone or in collusion with others;
i. loss, or that part of any loss, resulting solely from any violation
by the ASSURED or by any
Employee
:
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(1) of any law regulating:
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a. the issuance, purchase or sale of securities,
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b. securities transactions on security or commodity exchanges or the over the counter
market,
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c. investment companies,
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d. investment advisors, or
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(2) of any rule or regulation made pursuant to any such law; or
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j. loss of confidential information, material or data;
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k. loss resulting from voice requests or
instructions received over the telephone, provided however, this Section 2.k. shall not apply to INSURING CLAUSE 7. or 9.
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Specific Exclusions - Applicable To All Insuring
Clauses Except Insuring
Clause 1.
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3.
This Bond does not directly or indirectly
cover:
a. loss caused by an
Employee
, provided, however, this Section 3.a.
shall not apply to loss covered under INSURING CLAUSE 2. or 3. which results directly from misplacement, mysterious unexplainable disappearance, or damage or destruction of
Property
;
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b. loss through the surrender of property away from premises of the ASSURED as a result of
a threat:
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(1) to do bodily harm to any natural person, except loss of
Property
in transit in the custody
of any person acting as messenger of the ASSURED, provided that when such transit was initiated there was no knowledge by the ASSURED of any such threat, and provided further that this Section 3.b. shall not apply to INSURING CLAUSE 7.,
or
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(2) to do damage to the premises or
Property
of the ASSURED;
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c. loss resulting from payments made or withdrawals from any account involving erroneous
credits to such account;
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d. loss involving
Items of Deposit
which are not finally paid for any reason
provided however, that this Section 3.d. shall not apply to INSURING CLAUSE 10.;
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e. loss of property while in the
mail;
|
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 12 of 19
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Conditions And Limitations
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Specific Exclusions - Applicable To All Insuring
Clauses Except Insuring
Clause 1.
(continued)
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f. loss resulting from the failure for any reason of a financial or depository
institution, its receiver or other liquidator to pay or deliver funds or other
Property
to the ASSURED provided further that this Section 3.f. shall not apply to loss of
Property
resulting directly from robbery, burglary, misplacement,
mysterious unexplainable disappearance, damage, destruction or removal from the possession, custody or control of the ASSURED.
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g. loss of
Property
while in the custody of a
Transportation Company
,
provided however, that this Section 3.g. shall not apply to INSURING CLAUSE 3.;
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h. loss resulting from entries or changes made by a natural person with authorized access
to a
Computer System
who acts in good faith on instructions, unless such instructions are given to that person by a software contractor or its partner, officer, or employee authorized by the ASSURED to design, develop, prepare, supply,
service, write or implement programs for the ASSUREDs
Computer System
; or
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i. loss resulting directly or indirectly from
the input of data into a
Computer System
terminal, either on the premises of the customer of the ASSURED or under the control of such a customer, by a customer or other person who had authorized access to the customers authentication
mechanism.
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Specific Exclusions -
Applicable To All Insuring
Clauses Except Insuring
Clauses 1.,
4., And 5.
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4.
This bond does not directly or indirectly cover:
a. loss resulting from the complete or partial non-payment of or default on
any loan whether such loan was procured in good faith or through trick, artifice, fraud or false pretenses; provided, however, this Section 4.a. shall not apply to INSURING CLAUSE 8.;
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b. loss resulting from forgery or any alteration;
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c. loss involving a counterfeit provided, however,
this Section 4.c. shall not apply to INSURING CLAUSE 5. or 6.
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Limit Of Liability/Non-
Reduction And Non-
Accumulation Of Liability
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5. At all times prior to termination of this Bond, this Bond shall continue in force for
the limit stated in the applicable sections of ITEM 2. of the DECLARATIONS, notwithstanding any previous loss for which the COMPANY may have paid or be liable to pay under this Bond provided, however, that the liability of the COMPANY under this
Bond with respect to all loss resulting from:
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a. any one act of burglary, robbery or hold-up, or attempt thereat, in which no
Employee
is concerned or implicated, or
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b. any one unintentional or negligent act on the part of any one person resulting in damage
to or destruction or misplacement of
Property
, or
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c. all acts, other than those specified in a. above, of any one person,
or
|
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 13 of 19
Conditions And
Limitations
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Limit Of Liability/Non- Reduction And Non- Accumulation Of Liability (continued)
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d. any one casualty or event other than those specified in a., b., or c. above, shall be
deemed to be one loss and shall be limited to the applicable LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS of this Bond irrespective of the total amount of such loss or losses and shall not be cumulative in amounts from year to year
or from period to period.
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All acts, as specified in c. above, of any one person which
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i. directly or indirectly aid in any way wrongful acts of any other person or
persons, or
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ii. permit the continuation of wrongful acts of any other person or
persons
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whether such acts are committed with or without the knowledge of the wrongful acts of the person so aided,
and whether such acts are committed with or without the intent to aid such other person, shall be deemed to be one loss with the wrongful acts of all persons so aided.
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Discovery
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6. This Bond applies only to loss first discovered by an officer of the ASSURED during the
BOND PERIOD. Discovery occurs at the earlier of an officer of the ASSURED being aware of:
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a. facts which may subsequently result in a loss of a type covered by this Bond,
or
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b. an actual or potential claim in which it is alleged that the ASSURED is liable to a
third party,
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regardless of when the act or acts causing or contributing to such loss occurred, even though the amount of
loss does not exceed the applicable DEDUCTIBLE AMOUNT, or the exact amount or details of loss may not then be known.
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Notice To Company - Proof - Legal Proceedings
Against Company
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7. a. The ASSURED shall give the COMPANY notice
thereof at the earliest practicable moment, not to exceed sixty (60) days after discovery of loss, in an amount that is in excess of 50% of the applicable DEDUCTIBLE AMOUNT, as stated in ITEM 2. of the DECLARATIONS.
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b. The ASSURED shall furnish to the COMPANY proof of loss, duly sworn to, with full
particulars within six (6) months after such discovery.
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c. Securities listed in a proof of loss shall be identified by certificate or bond numbers,
if issued with them.
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d. Legal proceedings for the recovery of any loss under this Bond shall not be brought
prior to the expiration of sixty (60) days after the proof of loss is filed with the COMPANY or after the expiration of twenty-four (24) months from the discovery of such loss.
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e. This Bond affords coverage only in favor of the ASSURED. No claim, suit, action or legal
proceedings shall be brought under this Bond by anyone other than the ASSURED.
|
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 14 of 19
Conditions And
Limitations
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Notice To Company - Proof - Legal Proceedings
Against Company
(continued)
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f. Proof of loss involving
Voice Initiated
Funds Transfer
Instruction shall include electronic recordings of such instructions.
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Deductible Amount
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8. The COMPANY shall not be liable under any INSURING CLAUSES of this Bond on account of
loss unless the amount of such loss, after deducting the net amount of all reimbursement and/or recovery obtained or made by the ASSURED, other than from any Bond or policy of insurance issued by an insurance company and covering such loss, or by
the COMPANY on account thereof prior to payment by the COMPANY of such loss, shall exceed the DEDUCTIBLE AMOUNT set forth in ITEM 3. of the DECLARATIONS, and then for such excess only, but in no event for more than the applicable LIMITS OF
LIABILITY stated in ITEM 2. of the DECLARATIONS.
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There shall be no deductible applicable to any loss under INSURING CLAUSE 1. sustained by any
Investment
Company
.
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Valuation
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9.
BOOKS OF ACCOUNT OR OTHER RECORDS
The value of any loss of
Property
consisting of books of account or other records used by the ASSURED in the conduct of its
business shall be the amount paid by the ASSURED for blank books, blank pages, or other materials which replace the lost books of account or other records, plus the cost of labor paid by the ASSURED for the actual transcription or copying of data to
reproduce such books of account or other records.
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The value of any loss of
Property
other than books of account or other records used by the ASSURED in the conduct of its business, for which
a claim is made shall be determined by the average market value of such
Property
on the business day immediately preceding discovery of such loss provided, however, that the value of any
Property
replaced by the ASSURED with the
consent of the COMPANY and prior to the settlement of any claim for such
Property
shall be the actual market value at the time of replacement.
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In the case of a loss of interim certificates, warrants, rights or other securities, the production of which is necessary to the exercise of
subscription, conversion, redemption or deposit privileges, the value of them shall be the market value of such privileges immediately preceding their expiration if said loss is not discovered until after their expiration. If no market price is
quoted for such
Property
or for such privileges, the value shall be fixed by agreement between the parties.
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OTHER PROPERTY
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The value of any loss of
Property
, other than as stated above, shall be the actual cash value or the cost of repairing or replacing such
Property
with
Property
of like quality and value, whichever is less.
|
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 15 of 19
Conditions And
Limitations
(continued)
|
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Securities Settlement
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10. In the event of a loss of securities covered under this Bond, the COMPANY may, at its sole
discretion, purchase replacement securities, tender the value of the securities in money, or issue its indemnity to effect replacement securities.
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The indemnity required from the ASSURED under the terms of this Section against all loss, cost or expense arising from the replacement of
securities by the COMPANYS indemnity shall be:
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a. for securities having a value less than or equal to the applicable DEDUCTIBLE AMOUNT -
one hundred (100%) percent;
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b. for securities having a value in excess of the DEDUCTIBLE AMOUNT but within the
applicable LIMIT OF LIABILITY - the percentage that the DEDUCTIBLE AMOUNT bears to the value of the securities;
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c. for securities having a value greater than the applicable LIMIT OF LIABILITY - the
percentage that the DEDUCTIBLE AMOUNT and portion in excess of the applicable LIMIT OF LIABILITY bears to the value of the securities.
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The value referred to in Section 10.a., b., and c. is the value in accordance with Section 9, VALUATION, regardless of the value of such securities
at the time the loss under the COMPANYS indemnity is sustained.
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The COMPANY is not required to issue its indemnity for any portion of a loss of securities which is not covered by this Bond; however, the COMPANY
may do so as a courtesy to the ASSURED and at its sole discretion.
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The ASSURED shall pay the proportion of the Companys premium charge for the Companys indemnity
as set forth in Section 10.a., b., and c. No portion of the LIMIT OF LIABILITY shall be used as payment of premium for any indemnity purchased by the ASSURED to obtain replacement securities.
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Subrogation - Assignment -
Recovery
|
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11. In the event of a payment under this Bond, the COMPANY shall be subrogated to all of the
ASSUREDS rights of recovery against any person or entity to the extent of such payment. On request, the ASSURED shall deliver to the COMPANY an assignment of the ASSUREDS rights, title and interest and causes of action against any person
or entity to the extent of such payment.
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Recoveries, whether effected by the COMPANY or by the ASSURED, shall be applied net of the expense of such recovery in the following
order:
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a. first, to the satisfaction of the ASSUREDS loss which would otherwise have been
paid but for the fact that it is in excess of the applicable LIMIT OF LIABILITY,
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b. second, to the COMPANY in satisfaction of amounts paid in settlement of the
ASSUREDS claim,
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c. third, to the ASSURED in satisfaction of the applicable DEDUCTIBLE AMOUNT,
and
|
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 16 of 19
Conditions And
Limitations
|
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|
Subrogation - Assignment - Recovery
(continued)
|
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d. fourth, to the
ASSURED in satisfaction of any loss suffered by the ASSURED which was not covered under this Bond.
Recovery from reinsurance or indemnity of the COMPANY shall not be deemed a recovery under this section.
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Cooperation Of Assured
|
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12. At the COMPANYS request and at reasonable times and places designated by the COMPANY, the
ASSURED shall:
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a. submit to examination by the COMPANY and subscribe to the same under
oath,
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b. produce for the COMPANYS examination all pertinent records,
and
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c. cooperate with the COMPANY in all matters pertaining to the loss.
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The ASSURED shall execute all papers and render assistance to secure to the COMPANY the rights and causes
of action provided for under this Bond. The ASSURED shall do nothing after loss to prejudice such rights or causes of action.
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Termination
|
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13. If the Bond is for a sole ASSURED, it shall not be terminated unless written notice shall have been
given by the acting party to the affected party and to the Securities and Exchange Commission, Washington, D.C., not less than sixty (60) days prior to the effective date of such termination.
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If the Bond is for a joint ASSURED, it shall not be terminated unless written notice shall have been given by the acting party to the affected
party, and by the COMPANY to all ASSURED
Investment Companies
and to the Securities and Exchange Commission, Washington, D.C., not less than sixty (60) days prior to the effective date of such termination.
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This Bond will terminate as to any one ASSURED, other than an
Investment Company
:
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a. immediately on the taking over of such ASSURED by a receiver or other liquidator or by
State or Federal officials, or
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b. immediately on the filing of a petition under any State or Federal statute relative to
bankruptcy or reorganization of the ASSURED, or assignment for the benefit of creditors of the ASSURED, or
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c. immediately upon such ASSURED ceasing to exist, whether through merger into another
entity, disposition of all of its assets or otherwise.
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The COMPANY shall refund the unearned premium computed at short rates in accordance with the standard short rate cancellation tables if terminated
by the ASSURED or pro rata if terminated for any other reason.
|
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 17 of 19
Conditions And
Limitations
|
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|
Termination
(continued)
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If any partner, director, trustee, or officer or supervisory employee of an ASSURED not acting in collusion with an
Employee
learns of any
dishonest act committed by such
Employee
at any time, whether in the employment of the ASSURED or otherwise, whether or not such act is of the type covered under this Bond, and whether against the ASSURED or any other person or entity, the
ASSURED:
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a. shall immediately remove such
Employee
from a position that would enable such
Employee
to cause the ASSURED to suffer a loss covered by this Bond; and
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b. within forty-eight (48) hours of learning that an
Employee
has committed any
dishonest act, shall notify the COMPANY, of such action and provide full particulars of such dishonest act.
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The COMPANY may terminate coverage as respects any
Employee
sixty (60) days after written notice is
received by each ASSURED
Investment Company
and the Securities and Exchange Commission, Washington, D.C. of its desire to terminate this Bond as to such
Employee
.
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Other Insurance
|
|
14. Coverage under this Bond shall apply only as excess over any valid and collectible insurance,
indemnity or suretyship obtained by or on behalf of:
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a. the ASSURED,
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b. a
Transportation Company
, or
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c. another entity on whose premises the loss
occurred or which employed the person causing the loss or engaged the messenger conveying the
Property
involved.
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Conformity
|
|
15. If any limitation within this Bond is prohibited by any law
controlling this Bonds construction, such limitation shall be deemed to be amended so as to equal the minimum period of limitation provided by such law.
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Change or Modification
|
|
16. This Bond or any instrument amending or affecting this Bond may not be changed or modified orally.
No change in or modification of this Bond shall be effective except when made by written endorsement to this Bond signed by an authorized representative of the COMPANY.
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If this Bond is for a sole ASSURED, no change or modification which would adversely affect the rights of the ASSURED shall be effective prior to
sixty (60) days after written notice has been furnished to the Securities and Exchange Commission, Washington, D.C., by the acting party.
|
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 18 of 19
Conditions And
Limitations
|
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|
Change or Modification (continued)
|
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If this Bond is for a joint ASSURED, no charge or modification which would adversely affect the rights of the ASSURED shall be effective prior to sixty (60) days after written
notice has been furnished to all insured
Investment Companies
and to the Securities and Exchange Commission, Washington, D.C., by the COMPANY.
|
ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 19 of 19
POLICYHOLDER
DISCLOSURE NOTICE OF
TERRORISM INSURANCE COVERAGE
(for policies with no terrorism exclusion or sublimit)
You are hereby notified that, under the Terrorism Risk Insurance Act (the Act), effective December 26, 2007, this policy makes available to you insurance for losses arising out of certain
acts of terrorism. Terrorism is defined as any act certified by the Secretary of the Treasury, in concurrence with the Secretary of State and the Attorney General of the United States, to be an act of terrorism; to be a violent act or an act that is
dangerous to human life, property or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of an air carrier or vessel or the premises of a United States Mission; and to have been committed by
an individual or individuals as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion.
You should know that the insurance provided by your policy for losses caused by acts of terrorism is partially reimbursed by the United States under the
formula set forth in the Act. Under this formula, the United States pays 85% of covered terrorism losses that exceed the statutorily established deductible to be paid by the insurance company providing the coverage.
However, if aggregate insured losses attributable to terrorist acts certified under the Act exceed $100 billion in a Program Year (January 1 through
December 31), the Treasury shall not make any payment for any portion of the amount of such losses that exceeds $100 billion.
10-02-1281
(Ed. 1/2003)
If aggregate insured losses attributable to terrorist acts certified under the Act exceed $100 billion in a
Program Year (January 1 through December 31) and we have met our insurer deductible under the Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up
to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury.
The portion of
your policys annual premium that is attributable to insurance for such acts of terrorism is: $
-0-.
If you have any questions
about this notice, please contact your agent or broker.
10-02-1281 (Ed. 1/2003)
IMPORTANT NOTICE TO POLICYHOLDERS
All of the members of the Chubb Group of Insurance companies doing business in the United States (hereinafter Chubb)
distribute their products through licensed insurance brokers and agents (producers). Detailed information regarding the types of compensation paid by Chubb to producers on US insurance transactions is available under the Producer
Compensation link located at the bottom of the page at www.chubb.com, or by calling 1-866-588-9478. Additional information may be available from your producer.
Thank you for choosing Chubb.
10-02-1295 (ed. 6/2007)
Important Notice:
The SEC Requires Proof of Your Fidelity Insurance Policy
Your company is now required to
file an electronic copy of your fidelity insurance coverage (Chubbs ICAP Bond policy) to the Securities and Exchange Commission (SEC), according to rules adopted by the SEC on June 12, 2006.
Chubb is in the process of providing your agent/broker with an electronic copy of your insurance policy as well as instructions on how to submit this
proof of fidelity insurance coverage to the SEC. You can expect to receive this information from your agent/broker shortly.
The electronic
copy of your policy is provided by Chubb solely as a convenience and does not affect the terms and conditions of coverage as set forth in the paper policy you receive by mail. The terms and conditions of the policy mailed to you, which are the same
as those set forth in the electronic copy, constitute the entire agreement between your company and Chubb.
If you have any questions, please
contact your agent or broker.
Form 14-02-12160 (ed. 7/2006)
ENDORSEMENT/RIDER
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Effective date of
this
endorsement/rider: August 31, 2012
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FEDERAL INSURANCE COMPANY
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Endorsement/Rider No.
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1
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To be attached to and
form
a part of Bond No.
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82124376
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Issued to: DIAMOND HILL FINANCIAL TRENDS FUND, INC.
JOHN HANCOCK FINANCIAL TRENDS FUNDS, INC.
COMPLIANCE WITH APPLICABLE TRADE
SANCTION LAWS
It is agreed that this insurance does not apply to the extent that trade or economic sanctions or other similar laws or
regulations prohibit the coverage provided by this insurance.
The title and any headings in this endorsement/rider are solely for convenience
and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
14-02-9228 (02/2010)
Page 1
ENDORSEMENT/RIDER
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Effective date of
this
endorsement/rider: August 31, 2012
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FEDERAL INSURANCE COMPANY
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Endorsement/Rider No.
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2
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To be attached to and
form
a part of Bond No.
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82124376
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Issued to: DIAMOND HILL FINANCIAL TRENDS FUND, INC.
JOHN HANCOCK FINANCIAL TRENDS FUNDS, INC.
DELETING VALUATION-OTHER PROPERTY
AND AMENDING CHANGE OR MODIFICATION ENDORSEMENT
In consideration of the premium charged, it is agreed that this Bond is
amended as follows:
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1.
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The paragraph titled Other Property in Section 9, Valuation, is deleted in its entirety.
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2.
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The third paragraph in Section 16, Change or Modification, is deleted in its entirety and replaced with the following:
If this Bond is for a joint ASSURED, no change or modification which would adversely
affect the rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished to all insured
Investment Companies
and the Securities and Exchange Commission, Washington, D.C., by the
COMPANY.
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The title and any headings in this endorsement/rider are solely for convenience and form no part of the
terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
17-02-2437 (12/2006) rev.
Page 1
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FEDERAL INSURANCE COMPANY
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Endorsement No:
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3
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Bond Number:
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82124376
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NAME OF ASSURED: DIAMOND HILL FINANCIAL TRENDS FUND, INC.
JOHN HANCOCK FINANCIAL TRENDS FUNDS, INC.
GENERAL TERMINATION ENDORSEMENT
It is agreed that this Bond is amended by adding to
Section 13., Termination, the following:
No termination of this Bond as an entirety by the COMPANY shall take effect prior to the
expiration of ninety (90) days after written notice of such termination has been mailed to:
Financial Trends Fund, Inc.
If the Bond as an entirety terminates based on the occurrence of any of the events described in a., b., or c. of the third paragraph of this
Section 13., the COMPANY shall endeavor to provide written notice as soon as practicable of such termination to:
Financial Trends Fund,
Inc.
This Endorsement applies to loss discovered after 12:01 a.m. on August 31, 2012.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: August 31, 2012
ICAP Bond
Form 17-02-7052 (Ed. 4-05) Page 1
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FEDERAL INSURANCE COMPANY
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Endorsement No.:
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4
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Bond Number:
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82124376
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NAME OF ASSURED: DIAMOND HILL FINANCIAL TRENDS FUND, INC.
JOHN HANCOCK FINANCIAL TRENDS FUNDS, INC.
NON-CUMULATIVE ENDORSEMENT
It is agreed that in the event of a loss covered under this
Bond and also covered under FEDERAL INSURANCE COMPANYS Bond No. 81908005 issued to DIAMOND HILL FUNDS, the SINGLE LOSS LIMIT OF LIABILITY under this Bond shall be reduced by any payment under Bond No. 81908005 and only the remainder,
if any, shall be applicable to such loss hereunder.
Name and Address of Assured:
DIAMOND HILL FINANCIAL TRENDS FUND, INC.
JOHN HANCOCK FINANCIAL TRENDS FUNDS, INC.
325 JOHN H. MC CONNELL BLVD., STE. 200
COLUMBUS, OHIO 43215
Signature of Assureds
Representative
Position/Title
Date
This Endorsement
applies to loss discovered after 12:01 a.m. on August 31, 2012.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: August 31, 2012
ICAP Bond
Form 17-02-0955 (Rev. 1-97)
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FEDERAL INSURANCE COMPANY
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Endorsement No.
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5
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Bond Number:
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82124376
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NAME OF ASSURED: DIAMOND HILL FINANCIAL TRENDS FUND, INC.
JOHN HANCOCK FINANCIAL TRENDS FUNDS, INC.
STOCKBROKERS EXCLUSION ENDORSEMENT
It is agreed that this Bond is amended
by deleting paragraph (9), in its entirety, from the Definition of
Employee
and substituting the following:
(9)
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any partner, officer or employee of an investment adviser, an underwriter (distributor), a transfer agent or shareholder accounting recordkeeper, or an administrator,
for an
Investment Company
, except any employee of Diamond Hill Financial Trends Fund, Inc. and John Hancock Financial Trends Funds, Inc. who is not an officer of the ASSURED, while performing acts coming within the scope of the customary and
usual duties of an officer or employee of an
Investment Company
or acting as a member of any committee duly elected or appointed to examine, audit or have custody of or access to
Property
of an
Investment Company
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This Endorsement applies to loss discovered after 12:01 a.m. on August 31, 2012.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: August 31, 2012
ICAP Bond
Form 17-02-1254 (Rev. 5-98)
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FEDERAL INSURANCE COMPANY
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Endorsement No:
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6
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Bond Number:
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82124376
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NAME OF ASSURED: DIAMOND HILL FINANCIAL TRENDS FUND, INC.
JOHN HANCOCK FINANCIAL TRENDS FUNDS, INC.
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AMEND NAME OF ASSURED ENDORSEMENT
It is agreed that NAME OF ASSURED of the DECLARATIONS for this Bond is amended to include the following:
Diamond Hill Financial Trends Fund, Inc.
John Hancock Financial Trends Funds, Inc.
This Endorsement applies to loss discovered after 12:01 a.m. on August 31, 2012. ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: August 31, 2012
ICAP Bond
Form 17-02-6272 (Ed. 8-04) Page 1
Resolution for Approval - August 14, 2012
WHEREAS
, the Directors of the Company, including the Independent Directors, have reviewed the amount, type, form and premium of Federal Insurance Company Policy No. 82124376 (the
Fidelity Bond); and
WHEREAS
, the amount of coverage under the Fidelity Bond is $350,000, being greater than the minimum
amount of bond required by Rule 17g-1 promulgated under the Investment Company Act of 1940;
THEREFORE, BE IT RESOLVED
, that the
amount, type, form and coverage of the Fidelity Bond are reasonable and the Fidelity Bond be, and hereby is, ratified and approved, and
FURTHER RESOLVED
, that the Secretary of the Company be, and he or she is, designated as the person who shall make the filings and give the notices
required by paragraph (g) of Investment Company Act of 1940 rule 17(g)-1; and
FURTHER RESOLVED
, that the officers of the Company
be, and they hereby are, authorized to take any and all other actions required to effectuate these resolutions.
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