CUSTOMER NUMBER
43359
DATE ISSUED
03/29/2012
POLICY NUMBER
425342712COVERAGE IS PROVIDED BY
Continental Insurance Company of
New Jersey (herein called 'Underwriter')
PRODUCER NO.
701358
NAMED INSURED AND ADDRESS
Item 1.
FocusShares Trust (herein called 'Insured')
210 Summit Avenue
Suite C-11
Montvale, NJ 07645
PRODUCER
Willis of Maryland, Inc.
P. Noble Powell, Jr.
303 International Circle
Suite 400
Hunt Valley, MD 21030
Item 2. Policy Period: From 12:01 a.m. on 2/22/2012 to 12:01 a.m.
on 2/22/2013 standard time.
Item 3. Limit of Liability: $ 450,000 per Loss.
Provided, however that if specific limits, either greater or lesser, are
inserted opposite any specified INSURING CLAUSE, such specific limits shall
be applicable to such INSURING CLAUSES in lieu of, and not in addition to,
such bond limit. If "NOT COVERED" is inserted below opposite any specified
INSURING CLAUSE, such INSURING CLAUSE and any other reference to such
INSURING CLAUSE shall be deemed to be deleted from this bond.
LIMIT OF
INSURING CLAUSE LIABILITY DEDUCTIBLE
Fidelity $450,000 $10,000
On Premises $450,000 $10,000
In Transit $450,000 $10,000
Forgery or Alteration $450,000 $10,000
Securities $450,000 $10,000
Counterfeit Currency $450,000 $10,000
Computer Systems Fraud $450,000 $10,000
Voice Initiated Transfer $450,000 $10,000
Telefacsimile Transfer Fraud $450,000 $10,000
Unauthorized Signature $450,000 $10,000
Uncollectible Items of Deposit $25,000 $5,000
Audit Expense
$25,000
$5,000
|
Provided, that there shall be no deductible applicable to any loss under
INSURING CLAUSE 1. sustained by any Investment Company.
Item 4. The liability of the Underwriter is also subject to the terms
of the following endorsements executed simultaneously herewith:
G-145125-A Ed.08/03-Policyholder Notice - Economic and Trade Sanctions
Condition
G-145184-A Ed.06/03-Economic and Trade Sanctions Condition
PRO-4144-A Ed.01/00-Growth in Size Provisions
PRO-4138-A Ed.10/99-Increase in Asset Size Endorsement
GSL8007XX Ed.02/06-Telefacsimile Transfer Fraud
|
Item 5. Notice of claim should be sent to the Underwriter at:
CNA Pro
Fidelity-Bonding
40 Wall Street
New York, New York 10005
IN WITNESS WHEREOF, the Underwriter has caused this bond to be signed by
its Chairman and Secretary, at Chicago, Illinois, but the same shall not
be binding upon the Underwriter unless countersigned by a duly authorized
representative of the Underwriter
Countersigned By: /s/ David, S. Fortin
_________________________
Authorized Representative
|
The UNDERWRITER, in consideration of the required premium, and in reliance
on the APPLICATION and all other statements made and information furnished
to the UNDERWRITER by the INSURED, 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 INSURED for:
INSURING CLAUSES
1. EMPLOYEE COVERAGE
Loss resulting directly from Larceny or Embezzlement committed by any
Employee, alone or in collusion with others.
2. PREMISES COVERAGE
A. PROPERTY
Loss of Property resulting directly from robbery, burglary, common-law
or statutory larceny, hold-up, misplacement, mysterious unexplainable
disappearance, damage, destruction or abstraction or removal from the
possession, custody or control of the INSURED, while such Property is
lodged or deposited within any offices or premises located anywhere.
B. OFFICES AND EQUIPMENT
Loss of, or damage to furnishings, fixtures, stationery, supplies, equipment,
safes or vaults (but excluding all electronic data processing equipment) within
any of the INSURED'S offices resulting directly from robbery, burglary, common
law or statutory larceny or hold-up of such offices, or attempt thereat, or by
vandalism or malicious mischief, or loss through damage to any office resulting
directly from robbery, burglary, common law or statutory larceny or hold-up of
such office, or attempts thereat, or to the interior of any such office by
vandalism or malicious mischief, provided, in any event that the INSURED is the
owner of such offices, furnishings, fixtures, stationery, supplies, equipment,
safes or vaults or is legally liable for such loss or damage always excepting,
however, a loss or damage through fire.
3. TRANSIT COVERAGE
Loss of Property resulting directly from robbery, common law or statutory
larceny, misplacement, mysterious unexplainable disappearance, damage to or
destruction of, while the Property is in transit anywhere:
a. in an armored motor vehicle, including loading and unloading thereof,
b. in the custody of a natural person acting as a messenger of the INSURED,
or
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:
I. written records,
II. securities issued in registered form which are not endorsed or are
restrictively endorsed, or
III. negotiable instruments not payable to bearer, which are not endorsed
or are restrictively endorsed.
Coverage under this INSURING CLAUSE begins immediately on the receipt of
such Property by the natural person acting as a messenger or Transportation
Company and ends immediately on delivery to the premises of the addressee
or to any representative of the addressee located anywhere.
4. FORGERY OR ALTERATION COVERAGE
Loss resulting directly from:
a. Forgery or fraudulent material alteration of, on or in 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
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
INSURED authorizing or acknowledging the transfer, payment, delivery
or receipt of funds or other Property, which instructions, advices or
applications purport to bear the handwritten signature of any customer
of the INSURED, or shareholder or subscriber to shares of an Investment
Company, or of any banking institution, stockbroker or Employee but which
instructions or applications either bear a Forgery or a fraudulent
material alteration without the knowledge and consent of such customer,
shareholder, subscriber to shares, banking institution, stockbroker,
or Employee;
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.
A mechanically reproduced facsimile signature is treated the same as a
handwritten signature.
5. EXTENDED FORGERY COVERAGE
Loss resulting directly from the INSURED having in good faith, and in the
ordinary course of business, whether for its own account or for the account
of others, in any capacity:
a. acquired, accepted or received, sold or delivered, given value,
extended credit, or assumed liability in reliance upon any original
Securities, documents or other written instruments which prove:
I. to bear a Forgery or fraudulent material alteration,
II. to have been lost or stolen, or
III. to be Counterfeit, or
b. guaranteed in writing or witnessed any signatures upon any transfers,
assignments, bills of sale, powers of attorney, guarantees,
endorsements or other obligations upon or in connection with any
Securities, documents or other written instruments which pass or
purport to pass title to them.
Actual physical possession, and continued actual physical possession,
of such Securities, documents or other written instruments by an Employee,
Custodian, or a Federal or State chartered deposit institution is a
condition precedent to the INSURED having relied on such items.
Release or return of such items is an acknowledgment by the INSURED that
it no longer relies on such items.
A mechanically reproduced facsimile signature is treated the same as a
handwritten signature.
6. COUNTERFEIT CURRENCY COVERAGE
Loss resulting directly from the receipt by the INSURED, in good faith,
of any Counterfeit money orders, currencies or coin of any country.
7. THREATS TO PERSONS COVERAGE
Loss resulting directly from surrender of Property away from an office
of the INSURED as a result of a threat communicated to the INSURED to do
bodily harm to an Employee as defined in paragraphs (1), (2) and (5) of
the definition, 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:
a. the Employee who receives the threat has made a reasonable effort to
notify an officer of the INSURED who is not involved in such threat,
and
b. the INSURED has made a reasonable effort to notify the Federal Bureau
of Investigation and local law enforcement authorities concerning such
threat.
It is agreed that for purposes of the INSURING CLAUSE, any Employee of the
INSURED, as set forth in the preceding paragraph, shall be deemed to be an
INSURED 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.
8. COMPUTER SYSTEMS COVERAGE
Loss resulting directly from fraudulent entry of data into or change of data
elements or programs within the INSURED'S proprietary Computer System or a
Computer System operated or used by the INSURED and declared in the
APPLICATION, provided that the fraudulent entry or change causes:
a. Property to be transferred, paid or delivered,
b. an account of the INSURED, or of its customer, to be added,
deleted, debited, or credited, or
c. an unauthorized account or a fictitious account to be debited or
credited.
9. VOICE INITIATED TRANSACTION COVERAGE
Loss resulting directly from a Voice Initiated Transaction directed to the
INSURED authorizing the transfer of dividends or redemption proceeds of
Investment Company shares from a Customer's account, provided such Voice
Initiated Transaction was:
a. received at the INSURED'S offices by those Employees of the INSURED
specifically authorized to receive the Voice Initiated Transaction,
b. made by a person purporting to be a Customer, and
c. made by said person for the purpose of causing the INSURED or
Customer to sustain a loss or making an improper personal financial
gain for such person or any other person.
In order for coverage to apply under this INSURING CLAUSE, all Voice
Initiated Transactions must be received and processed in accordance with
the Designated Procedures outlined in the APPLICATION furnished to the
UNDERWRITER.
10. UNCOLLECTIBLE ITEMS OF DEPOSIT COVERAGE
Loss resulting directly from the INSURED 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 said
account causes:
a. redemption's or withdrawals to be permitted,
b. shares to be issued, or
c. dividends to be paid,
from an account of an Investment Company.
In order for coverage to apply under this INSURING CLAUSE, the INSURED
must hold Items of Deposit for the minimum number of days stated in the
APPLICATION before permitting any redemption's or withdrawals, issuing
any shares or paying any dividends with respect to such Items of Deposit.
Items of Deposit shall not be deemed uncollectible until the INSURED'S
standard collection procedures have failed.
11. AUDIT EXPENSE COVERAGE
Reasonable expense incurred by the INSURED for that part of an audit or
examination required by any governmental regulatory authority or
self-regulatory organization and actually conducted by such authority,
organization or their appointee by reason of the discovery of loss
sustained by the INSURED and covered by this bond.
CONDITIONS AND LIMITATIONS
1. EXCLUSIONS
A. GENERAL EXCLUSIONS APPLICABLE TO ALL INSURING CLAUSES
This bond does not directly or indirectly cover:
(1) loss not reported to the UNDERWRITER in writing within thirty (30) days
after termination of this bond as an entirety;
(2) 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. However, this exclusion 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 INSURED of such riot, civil
commotion, military, naval or usurped power, war or insurrection;
(3) loss resulting from dishonest acts by any member of the Board of
Directors or Board of Trustees of the INSURED who is not an Employee,
acting alone or in collusion with others;
(4) loss, or that part of any loss, resulting solely from any violation by
the INSURED or by any Employee of any law, or rule, or regulation
pursuant to any law regulating:
a. the issuance, purchase or sale of securities,
b. transactions on security or commodity exchanges or the over-the-counter
markets,
c. investment companies, or
d. investment advisors;
(5) loss of potential income including, but not limited to, interest and
dividends not realized by the INSURED or by any customer of the INSURED;
(6) loss resulting from indirect or consequential loss of any nature;
(7) damages of any type for which the INSURED is legally liable, except
compensatory damages (but not multiples thereof) arising from a loss
covered under this bond;
(8) loss resulting from the effects of nuclear fission or fusion or
radioactivity;
(9) loss resulting from the theft of confidential information, material
or data;
(10) costs, fees and expenses incurred by the INSURED in establishing the
existence or amount of loss under this bond, provided however, this
EXCLUSION shall not apply to INSURING CLAUSE 11.;
(11) loss resulting from voice requests or instructions received over the
telephone, provided however, this EXCLUSION shall not apply to INSURING
CLAUSE 7. or 9.
B. SPECIFIC EXCLUSIONS APPLICABLE TO ALL INSURING CLAUSES EXCEPT INSURING
CLAUSE 1.
This bond does not directly or indirectly cover:
(1) loss caused by an Employee, provided, however, this EXCLUSION shall
not apply to loss covered under INSURING CLAUSE 2. or 3. which results
directly from misplacement, mysterious unexplainable disappearance, or
damage to or destruction of Property;
(2) loss through the surrender of Property away from an office of the
INSURED as a result of a threat:
a. to do bodily harm to any person, except loss of Property in transit
in the custody of any person acting as messenger of the INSURED,
provided that when such transit was initiated there was no knowledge
by the INSURED of any such threat, and provided further that this
EXCLUSION shall not apply to INSURING CLAUSE 7., or
b. to do damage to the premises or property of the INSURED;
(3) loss involving Items of Deposit which are not finally paid for any
reason provided however, that this EXCLUSION shall not apply to
INSURING CLAUSE 10.;
(4) loss resulting from payments made or withdrawals from any account
involving erroneous credits to such account;
(5) loss of Property while in the mail:
(6) loss of Property while in the custody of a Transportation Company,
provided however, that this EXCLUSION shall not apply to INSURING
CLAUSE 3.;
(7) 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 INSURED provided further that
this EXCLUSION shall not apply to loss of Property resulting directly
from robbery, burglary, hold-up, misplacement, mysterious unexplainable
disappearance, damage, destruction or abstraction from the possession,
custody or control of the INSURED.
C. EXCLUSIONS APPLICABLE TO ALL INSURING CLAUSES EXCEPT INSURING CLAUSES
1., 4., 5.
This bond does not directly or indirectly cover:
(1) loss resulting from forgery or any alteration;
(2) 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;
(3) loss involving a counterfeit provided, however, this EXCLUSION shall
not apply to INSURING CLAUSE 5. or 6.
2. DISCOVERY
This bond applies only to loss first discovered by any partner, director,
trustee, officer or supervisory employee of the INSURED during the BOND
PERIOD. Discovery occurs at the earlier of such individuals being aware of;
a. facts which may subsequently result in a loss of a type covered by this
bond, or
b. an actual or potential claim in which it is alleged that the INSURED is
liable to a third party, 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.
3. NOTICE TO UNDERWRITER - PROOF - LEGAL PROCEEDINGS AGAINST UNDERWRITER
a. At the earliest practicable moment, not to exceed thirty (30) days after
discovery of loss, the INSURED shall give the UNDERWRITER notice thereof.
b. Within six (6) months after such discovery, the INSURED shall furnish to
the UNDERWRITER proof of loss, duly sworn to, with full particulars.
c. Securities listed in a proof of loss shall be identified by certificate
or bond numbers, if issued with them.
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 UNDERWRITER or after the expiration of twenty-four
(24) months from the discovery of such loss.
e. This bond affords coverage only in favor of the INSURED. No claim, suit,
action or legal proceedings shall be brought under this bond by anyone
other than the INSURED.
4. LIMIT OF LIABILITY/NON - REDUCTION AND NON-ACCUMULATION OF LIABILITY
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 3. of the
DECLARATIONS, notwithstanding any previous loss for which the UNDERWRITER may
have paid or be liable to pay under this bond provided, however, that the
liability of the UNDERWRITER under this bond with respect to all loss resulting
from:
a. any one act of burglary, robbery or hold-up, or attempt thereat, in
which no Employee is concerned or implicated, or
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
c. all acts, other than those specified in a. above, of any one person, or
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 3. 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.
All acts, as specified in c. above, of any one person which
i. directly or indirectly aid in any way wrongful acts of any other person
or persons, or
ii. permit the continuation of wrongful acts of any other person or persons
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.
5. DEDUCTIBLE
The UNDERWRITER 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 INSURED,
other than from any bond or policy of insurance issued by an insurance company
and covering such loss, or by the UNDERWRITER on account thereof prior to
payment by the UNDERWRITER of such loss, shall exceed the DEDUCTIBLE AMOUNT
set forth in ITEM 4. of the DECLARATIONS, and then for such excess only, but
in no event for more than the applicable LIMIT OF LIABILITY stated in ITEM 3.
of the DECLARATIONS.
There shall be no deductible applicable to any loss under INSURING CLAUSE 1.
sustained by any Investment Company.
6. COURT COSTS AND ATTORNEYS' FEES
The UNDERWRITER will indemnify the INSURED for court costs and reasonable
attorneys' fees incurred and paid by the INSURED 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
INSURED would be entitled to recovery under this bond. However, with
respect to INSURING CLAUSE 1. this Section shall only apply in the event that:
a. an Employee admits to being guilty of Larceny or Embezzlement,
b. an Employee is adjudicated to be guilty of Larceny or Embezzlement, or
c. in the absence of a. or b. above, an arbitration panel agrees, after a
review of an agreed statement of facts between the UNDERWRITER and the
INSURED, that an Employee would be found guilty of Larceny or
Embezzlement if such Employee were prosecuted.
The INSURED shall promptly give notice to the UNDERWRITER of any such suit or
legal proceeding and at the request of the UNDERWRITER shall furnish copies of
all pleadings and pertinent papers to the UNDERWRITER. The UNDERWRITER may,
at its sole option, elect to conduct the defense of all or part of such legal
proceeding. The defense by the UNDERWRITER shall be in the name of the INSURED
through attorneys selected by the UNDERWRITER. The INSURED shall provide all
reasonable information and assistance as required by the UNDERWRITER for such
defense.
If the amount demanded in any such suit or legal proceeding is greater than
the LIMIT OF LIABILITY stated in ITEM 3. of the DECLARATIONS for the
applicable INSURING CLAUSE, or if a DEDUCTIBLE AMOUNT is applicable, or
both, the UNDERWRITER'S liability for court costs and attorneys' fees
incurred in defending all or part of such legal proceeding is limited to
the proportion of such court costs and attorneys' fees incurred that the
LIMIT OF LIABILITY stated in ITEM 3. of the DECLARATIONS for the applicable
INSURING CLAUSE bears to the total of the amount demanded in such suit or
legal proceeding.
Amounts paid by the UNDERWRITER for court costs and attorneys' fees shall be
in addition to the LIMIT OF LIABILITY stated in ITEM 3. of the DECLARATIONS.
If the UNDERWRITER declines to defend the INSURED, no settlement without
the prior written consent of the UNDERWRITER nor judgment against the INSURED
shall determine the existence, extent or amount of coverage under this bond,
and the UNDERWRITER shall not be liable for any costs, fees and expenses
incurred by the INSURED.
7. VALUATION OF PROPERTY
The value of any loss of Property other than books of account or other
records used by the INSURED 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
INSURED with the consent of the UNDERWRITER and prior to the settlement
of any claim for such Property shall be actual market value at the time
of replacement.
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.
The value of any loss of Property consisting of books of account or other
records used by the INSURED in the conduct of its business shall be the
amount paid by the INSURED 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 INSURED for the actual transcription or copying of data
to reproduce such books of account or other records.
8. VALUATION OF PREMISES AND FURNISHINGS
In the case of loss or damage to any office of the INSURED or to the
furnishings, fixtures, stationery, supplies, equipment, safes or vaults,
the UNDERWRITER shall not be liable for more than the actual cash value
thereof, or for more than the actual cost of replacement or repair.
The UNDERWRITER may, at its election, pay such actual cash value or make
such replacement or repair. If the UNDERWRITER and the INSURED cannot
agree upon the actual cash value or the cost of replacement or repair,
it shall be determined by arbitration.
9. SECURITIES SETTLEMENT
In the event of a loss of securities covered under this bond, the UNDERWRITER
may, at its sole discretion, purchase replacement securities, tender the value
of the securities in money, or issue its indemnity to effect replacement
securities.
The indemnity required from the INSURED under the terms of this Section
against all loss, cost or expense arising from the replacement of
securities by the UNDERWRITER'S indemnity shall be:
a. for securities having a value less than or equal to the applicable
DEDUCTIBLE AMOUNT one hundred (100% percent);
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;
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.
The value referred to in a., b., and c. above is the value in accordance with
SECTION 8, VALUATION OF PROPERTY, regardless of the value of such securities
at the time the loss under the UNDERWRITER'S indemnity is sustained.
The UNDERWRITER is not required to issue its indemnity for any portion of a
loss of securities which is not covered by this bond; however, the UNDERWRITER
may do so as a courtesy to the INSURED and at its sole discretion.
The INSURED shall pay the proportion of the UNDERWRITER'S premium charge for
the UNDERWRITER'S indemnity as set forth in a., b., and c. above. No portion
of the LIMIT OF LIABILITY shall be used as payment of premium for any
indemnity purchased by the INSURED to obtain replacement securities.
10. SUBROGATION - ASSIGNMENT-RECOVERY
In the event of a payment under this bond, the UNDERWRITER shall be subrogated
to all of the INSURED'S rights of recovery against any person or entity to the
extent of such payment. On request, the INSURED shall deliver to the
UNDERWRITER an assignment of the INSURED'S rights, title and interest and
causes of action against any person or entity to the extent of such payment.
Recoveries, whether effected by the UNDERWRITER or by the INSURED, shall be
applied net of the expense of such recovery, first to the satisfaction of the
INSURED'S loss which would otherwise have been paid but for the fact that it
is in excess of the applicable LIMIT OF LIABILITY, second, to the UNDERWRITER
in satisfaction of amounts paid in settlement of the INSURED'S claim and third,
to the INSURED in satisfaction of the applicable DEDUCTIBLE AMOUNT.
Recovery from reinsurance and/or indemnity of the UNDERWRITER shall not be
deemed a recovery under this section.
11. COOPERATION OF INSURED
At the UNDERWRITER'S request and at reasonable times and places designated by
the UNDERWRITER the INSURED shall submit to examination by the UNDERWRITER and
subscribe to the same under oath, produce for the UNDERWRITER'S examination all
pertinent records, and cooperate with the UNDERWRITER in all matters pertaining
to the loss.
The INSURED shall execute all papers and render assistance to secure to the
UNDERWRITER the rights and causes of action provided for under this bond.
The INSURED shall do nothing after loss to prejudice such rights or causes of
action.
12. OTHER INSURANCE
Coverage under this bond shall apply only as excess over any valid and
collectible insurance, indemnity or suretyship obtained by or on behalf
of the INSURED, a Transportation Company, or another entity on whose premises
the loss occurred or which employed the person causing the loss or engaged the
messenger conveying the Property involved.
13. ADDITIONAL COMPANIES INCLUDED AS INSURED
If more than one corporation, or Investment Company, or any combination of
them is included as the INSURED herein:
a. The total liability of the UNDERWRITER 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 UNDERWRITER would be liable under this bond
if all such losses were sustained by any one of them.
b. Only the first named INSURED 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 UNDERWRITER 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 INSURED and notification
of the terms of the settlement of each such claim prior to the execution
of such settlement.
c. The UNDERWRITER shall not be responsible for the proper application of
any payment made hereunder to the first named INSURED.
d. Knowledge possessed or discovery made by any partner, director,
trustee, officer or supervisory employee of any INSURED shall
constitute knowledge or discovery by all the INSUREDS for the purposes
of this bond.
e. If the first named INSURED ceases for any reason to be covered under
this bond, then the INSURED next named shall thereafter be considered
as the first named INSURED for the purpose of this bond.
14. ADDITIONAL OFFICES OR EMPLOYEES - CONSOLIDATION, MERGER OR PURCHASE OR
ACQUISITION OF ASSETS OR LIABILITIES - NOTICE TO UNDERWRITER
If the INSURED, 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 INSURED shall not have the coverage afforded under
this bond for loss which:
a. has occurred or will occur in offices or on premises, or
b. has been caused or will be caused by an employee or employees, or
c. has arisen or will arise out of the assets or liabilities acquired
unless the INSURED
i. gives the UNDERWRITER 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
ii. obtains the written consent of the UNDERWRITER to extend some or all
of the coverage provided by this bond to such additional exposure, and
iii. on obtaining such consent pays to the UNDERWRITER an additional premium.
15. CHANGE OF CONTROL - NOTICE TO UNDERWRITER
When the INSURED 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 INSURED shall within thirty (30) days give written
notice to the UNDERWRITER setting forth:
a. the names of the transferors and transferees (or the names of the
beneficial owners if the voting securities are registered in
another name),
b. 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
c. 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.
16. REPRESENTATIONS MADE BY INSURED
The INSURED 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.
The INSURED must promptly notify the UNDERWRITER of any change in any fact or
circumstance which materially affects the risk assumed by the UNDERWRITER under
this bond.
Any misrepresentation, omission, concealment or incorrect statement of a
material fact, in the APPLICATION or otherwise, shall be grounds for rescission
of this bond.
17. TERMINATION - CANCELLATION
If the bond is for a sole INSURED, it shall not be terminated or canceled
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
or cancellation.
If the bond is for a joint INSURED, it shall not be terminated or canceled
unless written notice shall have been given by the acting party to the
affected party, and by the UNDERWRITER to all INSURED 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 or
cancellation.
This bond will terminate as to any one INSURED, other than an Investment
Company, immediately on the taking over of such INSURED by a receiver or
other liquidator or by State or Federal officials, or immediately on the
filing of a petition under any State or Federal statute relative to
bankruptcy or reorganization of the INSURED, or assignment for the benefit
of creditors of the INSURED, or immediately upon such INSURED ceasing to
exist, whether through merger into another entity, disposition of all of
its assets or otherwise.
The UNDERWRITER shall refund the unearned premium computed at short rates in
accordance with the standard short rate cancellation tables if terminated by
the INSURED or pro rata if terminated for any other reason.
Coverage will terminate as to any Employee:
a. immediately on any partner, director, trustee, or officer or
supervisory employee not acting in collusion with such Employee,
learning of any dishonest act committed by such Employee at any time,
whether in the employment of the INSURED or otherwise, whether or not
such act is of the type covered under this bond, and whether against
the INSURED or any other person or entity, or
b. sixty (60) days after the receipt by each INSURED and by the Securities
and Exchange Commission, Washington, D.C., of a written notice from the
UNDERWRITER of its desire to terminate this bond as to such Employee.
18. CHANGE OR MODIFICATION
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 UNDERWRITER.
If this bond is for a sole INSURED, no change or modification which would
adversely affect the rights of the INSURED 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.
If this bond is for a joint INSURED, no change or modification which would
adversely affect the rights of the INSURED 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 UNDERWRITER.
DEFINITIONS
As used in this bond:
Computer System means:
1. computers, with related peripheral and storage components,
wherever located,
2. systems and applications software,
3. terminal devices, and
4. related communication networks by which data are electronically
collected, transmitted, processed, stored, and retrieved.
Counterfeit means an imitation of an actual valid original which is
intended to deceive and be taken as the original.
Custodian means the institution designed by an Investment Company to
maintain possession and control of its assets.
Customer means an individual, corporate, partnership or trust customer
shareholder or subscriber of an Investment Company which has a written
agreement with the INSURED for Voice Initiated Transactions.
Employee means:
1. an officer of the INSURED,
2. a natural person while in the regular service of the INSURED at
any of the INSURED'S offices and compensated directly by the
INSURED 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 INSURED 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,
3. an attorney retained by the INSURED and an employee of such
attorney while either is performing legal services for the INSURED,
4. a person provided by an employment contractor to perform clerical,
premises maintenance or security duties for the INSURED under the
INSURED'S supervision
at any of the INSURED'S offices or premises,
5. an employee of an institution merged or consolidated with the INSURED
prior to the effective date of this bond,
6. a guest student pursuing studies or performing duties in any of the
INSURED'S offices,
7. each natural person, partnership or corporation authorized by written
agreement with the INSURED 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:
a. creating, preparing, modifying or maintaining the INSURED'S
computer software or programs, or
b. acting as transfer agent or in any other agency capacity in issuing
checks, drafts or securities for the INSURED,
8. a director or trustee of the INSURED, but only while performing acts
within the scope of the customary and usual duties of any officer or
employee of the INSURED 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 INSURED, or
9. 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 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 ustody of or access to Property of an Investment Company.
The term Employee shall not include any partner, officer or employee of a
transfer agent, shareholder accounting recordkeeper or administrator:
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 adviser or underwriter (distributor) of such Investment
Company, or
b. which is a "bank" (as defined in Section 2(a) of the Investment
Company Act of 1940).
This bond does not afford coverage in favor of the employers of persons as
set forth in 4. and 7. above, and upon payment to the INSURED by the
UNDERWRITER 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
INSURED'S 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 INSURED to the UNDERWRITER, and the INSURED shall execute
all papers necessary to secure to the UNDERWRITER the rights provided for
herein.
Each employer of persons as set forth in 3., 4. and 7. 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 last
paragraph of Section 18.
Independent contractors not specified in 3., 4.,7. above, intermediaries,
agents, brokers or other representatives of the same general character shall
not be considered Employees.
Forgery means the signing of the name of another person or organization with
the intent to deceive but does not mean a signature which consists in whole
or in part of one's own name, with or without authority, in any capacity,
for any purpose.
Investment Company means an investment company registered under the Investment
Company Act of 1940 and as listed under the NAME OF INSURED on the DECLARATIONS.
Items of Deposit means one or more checks or drafts drawn upon a financial
institution in the United States of America.
Larceny or Embezzlement means larceny or embezzlement as set forth in Section
37 of the Investment Company Act of 1940.
Property means money (i.e., currency, coin, bank notes, or Federal
Reserve notes);postage and revenue stamps; U.S. Savings 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 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, mortgages
and instruments; other valuable papers, including books of accounts and other
records used by the INSURED 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 INSURED acquired an interest at
the time of the INSURED'S consolidation or merger with, or purchase of the
principal assets of, a predecessor or which are held by the INSURED for any
purpose or in any capacity and whether so held gratuitously or not and whether
or not the INSURED is liable therefor.
Relative means the spouse of an Employee or partner of the INSURED 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.
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.
Transportation Company means any organization which provides its own or leased
vehicles for transportation or which provides freight forwarding or air express
services.
Voice Initiated Election means any election concerning dividend options
available to Investment Company shareholders or subscribers which is
requested by voice over the telephone.
Voice Initiated Redemption means any redemption of shares issued by an
InvestmentCompany which is requested by voice over the telephone.
Voice Initiated Transaction(s) means any Voice Initiated Redemption or Voice
Initiated Election.
Chairman Secretary
POLICYHOLDER NOTICE
Ethics and proper business conduct has been the cornerstone of CNA since 1897.
While much has changed during the last century, our commitment to these core
values has not wavered. We strongly believe that proper business conduct is
more than the practice of avoiding wrong; it is also a matter of choosing to
do right. Nowhere is this more essential than helping in the fight against
terrorism. As such, we are committed to complying with U.S. Department of
Treasury Office of Foreign Asset Control (OFAC) requirements.
Through a variety of laws, OFAC administers and enforces economic sanctions
against countries and groups of individuals, such as terrorists and narcotics
traffickers. These laws prohibit all United States citizens (including
corporations and other entities) and permanent residents from engaging in
transactions with sanctioned countries and with individuals and entities
on the Specially Designated Nationals (SDN) list. Because all U.S. citizens
and companies are subject to this law, we wanted to be sure you were aware of
its scope and restrictions. If you haven't already done so, you may want to
consider discussing this issue with your legal counsel to ensure you are in
compliance.
For insurance companies, accepting premium from, issuing a policy to, insuring
property of, or making a claim payment to an individual or entity that is the
subject of U.S.-imposed economic sanctions or trade embargoes usually are
violations of these laws and regulations. Fines for violating OFAC requirements
can be substantial. CNA has established an OFAC compliance program part which
includes the use of exclusionary policy language. We believe this makes good
business sense for CNA and you.
Our records indicate that you have insurance coverage coming up for renewal
with us. The purpose of this letter is to advise you that your renewal
policy includes OFAC exclusionary policy language, which may reduce or
eliminate certain coverage. Specifically, if it is determined that your
policy violates certain Federal or State laws or regulations, such as the
U.S. list of Specially Designated Nationals or Blocked Persons (organizations
or individuals associated with terrorist groups), any term or condition of
your policy will be null and void to the extent it violates the applicable
laws or regulations of the United States.
We're sure you share our commitment to compliance and thank you for your
cooperation.
Your policy language reads as follows:
ECONOMIC AND TRADE SANCTIONS CONDITION
The following condition is added to the Policy:
ECONOMIC AND TRADE SANCTIONS CONDITION
In accordance with laws and regulations of the United States concerning
economic and trade embargoes, this policy is void from its inception with
respect to any term or condition of this policy that violates any laws or
regulations of the United States concerning economic and trade embargoes
including, but not limited to the following:
1. Any insured under this Policy, or any person or entity claiming the
benefits of such insured, who is or becomes a Specially Designated
National or Blocked Person or who is otherwise subject to U.S.
economic or trade sanctions;
2. Any claim or suit that is brought in a Sanctioned Country or by a
Sanctioned Country Government, where any action in connection with
such claim or suit is prohibited by U.S. economic or trade
sanctions;
3. Any claim or suit that is brought by any Specially Designated National
or Blocked Person or any person or entity who is otherwise subject to
U.S. economic or trade sanctions;
4. Property that is located in a Sanctioned Country or that is owned by,
rented to or in the care, custody or control of a Sanctioned Country
Government, where any activities related to such property are
prohibited by U.S. economic or trade sanctions; or
5. Property that is owned by, rented to or in the care, custody or
control of a Specially Designated National or Blocked Person, or
any person or entity who is otherwise subject to U.S. economic or
trade sanctions.
As used in this endorsement a Specially Designated National or Blocked
Person is any person or entity that is on the list of Specially Designated
Nationals and Blocked Persons issued by the U.S. Treasury Department's Office
of Foreign Asset Control (O.F.A.C.) as it may be from time to time amended.
As used in this endorsement a Sanctioned Country is any country that is the
subject of trade or economic embargoes imposed by the laws or regulations of
the United States of America.
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
ECONOMIC AND TRADE SANCTIONS CONDITION
The following condition is added to the Policy:
ECONOMIC AND TRADE SANCTIONS CONDITION
In accordance with laws and regulations of the United States concerning
economic and trade embargoes, this policy is void from its inception with
respect to any term or condition of this policy that violates any laws or
regulations of the United States concerning economic and trade embargoes
including, but not limited to the following:
1. Any insured under this Policy, or any person or entity claiming
the benefits of such insured, who is or becomes a Specially
Designated National or Blocked Person or who is otherwise subject
to U.S. economic or trade sanctions;
2. Any claim or suit that is brought in a Sanctioned Country or by a
Sanctioned Country Government, where any action in connection with
such claim or suit is prohibited by U.S. economic or trade sanctions;
3. Any claim or suit that is brought by any Specially Designated National
or Blocked Person or any person or entity who is otherwise subject to
U.S. economic or trade sanctions;
4. Property that is located in a Sanctioned Country or that is owned by,
rented to or in the care, custody or control of a Sanctioned Country
Government, where any activities related to such property are
prohibited by U.S. economic or trade sanctions; or
5. Property that is owned by, rented to or in the care, custody or
control of a Specially Designated National or Blocked Person, or any
person or entity who is otherwise subject to U.S. economic or trade
sanctions.
As used in this endorsement a Specially Designated National or Blocked Person
is any person or entity that is on the list of Specially Designated Nationals
and Blocked Persons issued by the U.S. Treasury Department's Office of Foreign
Asset Control (O.F.A.C.) as it may be from time to time amended.
As used in this endorsement a Sanctioned Country is any country that is the
subject of trade or economic embargoes imposed by the laws or regulations of
the United States of America.
INVESTMENT COMPANY BOND
GROWTH IN SIZE PROVISIONS
In consideration of the premium paid, it is understood and agreed that
CONDITIONS AND LIMITATIONS, Section 14. ADDITIONAL OFFICES OR EMPLOYEES
CONSOLIDATION, MERGER OR PURCHASE OR ACQUISITION OF ASSETS OR
LIABILITIES - NOTICE TO UNDERWRITER is amended by the addition of
the following:
14. INCREASE IN SIZE
If an INSURED, other than an Investment Company as defined in the Policy,
merges or consolidates with or purchases or acquires assets or liabilities
of another entity, there is no coverage under this bond for loss which
involves any assets or employees acquired as a result of that transaction
unless the INSURED gives the UNDERWRITER written notice of the proposed
transaction prior to its proposed effective date and obtains the written
consent of the UNDERWRITER to include those assets or employees under this
bond and pays the UNDERWRITER any additional premium charged.
If an INSURED creates, other than by acquisition, a new investment
company required by the SEC Reg 17g-1 to have coverage of the type
afforded by this bond, that investment company will be automatically
insured hereunder, provided that the total combined limit of liability
for all INSURED covered hereunder, as required by SEC Reg 17g-1, including
the newly created investment company does not exceed $2,000,000. If the
coverage required for the newly created investment company will exceed that
limit, no coverage will be provided hereunder for the investment company
without the written consent of the UNDERWRITER.
If an Investment Company requires an increase in limits to comply with SEC
Reg. 17g-1 due to an increase in asset size, whether by growth of current
funds insured under the bond or by the addition of new funds, that increase
in limits shall take place automatically and will be covered until the next
Annual Period without payment of additional premium, provided that the total
combined limit of liability for all INSUREDS under this bond does not exceed
$2,000,000 after including the increase in limits needed due to the increase
in asset size. If the increase in limits needed as a result of the increase
in assets will exceed $2,000,000, then the increase will not occur unless
written consent of the UNDERWRITER is obtained.
Within 15 days of the end of each Annual Period, each Investment Company
insured hereunder shall advise the UNDERWRITER, in writing, of its current
asset size as of the conclusion of that Annual Period and shall pay to
the UNDERWRITER any additional premium required by it for any newly
created investment companies or any increase in limits that will carry
into the current Annual Period.
DEFINITIONS
Annual Period means each consecutive twelve month period commencing on
the effective date of this bond.
INCREASE IN ASSET SIZE ENDORSEMENT
In consideration of the premium paid, it is agreed that the bond is
amended as follows:
If the Insured shall, while this bond is in force, require an increase in
limits to comply with SEC Reg. 17g-1, Investment Company Act and Rules,
due to an increase in asset size whether by growth of current funds insured
under the bond or by the addition of new funds, such increase in limits shall
automatically be covered hereunder from the date of such increase without the
payment of additional premium for the remainder of the policy period.
Nothing herein contained shall be held to vary, alter, waive or extend any
of the terms, limitations conditions or agreements of the attached bond
other than as stated above.
TELEFACSIMILE TRANSFER FRAUD
It is agreed that:
1. The attached bond is amended by adding an Insuring Clause as follows:
TELEFACSIMILE TRANSFER FRAUD COVERAGE
Loss resulting directly from the INSURED having, in good faith, transferred or
delivered Funds, certificated securities or uncertificated securities through
a Computer System covered under the terms of the Computer Systems Coverage in
reliance upon a fraudulent instruction received through a Telefacsimile Device,
and which instruction
(1) purports and reasonably appears to have originated from
(a) a Customer of the INSURED,
(b) another financial institution, or
(c) another office of the INSURED
but, in fact, was not originated by the Customer or entity whose identification
it bears and
(2) contains a valid test code which proves to have been used by a person
who was not authorized to make use of it and,
(3) contains the name of a person authorized to initiate such transfer,
provided that, if the transfer was in excess of $10,000, the instruction was
verified by a call-back according to a prearranged procedure.
In this Insuring Clause, Customer means an entity or individual which has a
written agreement with the INSURED authorizing the INSURED to rely on
Telefacsimile Device instructions to initiate transfers and has provided
the INSURED with the names of persons authorized to initiate such transfers,
and with which the INSURED has established an instruction verification
mechanism, and Funds means money on deposit in an account.
2. In addition to the Conditions and Limitations in the bond and Insuring
Clause 8. Computer Systems Coverage, the following provisions are
applicable to the Telefacsimile Transfer Fraud Insuring Clause:
Telefacsimile Device means a machine capable of sending or receiving a
duplicate image of a document by means of electronic impulses transmitted
through a telephone line and which reproduces the duplicate image on paper.
This Insuring Clause does not cover loss resulting directly or indirectly from
the assumption of liability by the INSURED by contract unless the liability
arises from a loss covered by the Telefacsimile Transfer Fraud Insuring Clause
and would be imposed on the INSURED regardless of the existence of the contract.
Proof of loss for claim under the Telefacsimile Transfer Fraud Insuring Clause
must include a copy of the document reproduced by the Telefacsimile Device.
Accepted:
All other terms and conditions of the Policy remain unchanged.
This endorsement, which forms a part of and is for attachment to the Policy
issued by the designated Insurers, takes effect on the effective date of said
Policy at the hour stated in said Policy and expires concurrently with said
Policy unless another effective date is shown below.
By Authorized Representative _________________________
(No signature is required if issued with the Policy or if it is
effective on the Policy Effective Date)
40 Wall Street, New York, NY 10005
CNAAddress
03/29/2012
03/29/2012
For All the Commitments You Make
40 Wall Street, New York, NY 10005
Declarations
INVESTMENT COMPANY FIDELITY BOND
G-131698-A
Ed. Date 6/98
G-131698-A
Ed. date 6/98
For All the Commitments You Make
40 Wall Street, New York, NY 10005
Declarations
INVESTMENT COMPANY FIDELITY BOND
G-131698-A
Ed. Date 6/98
G-131698-A
Ed. date 6/98
For All the Commitments You Make
This endorsement, which forms a part of and is for attachment to
the following described Policy issued by the designated Insurers
takes effect on the effective date of said Policy, unless another
effective date is shown below, at the hour stated in said Policy
and expires concurrently with said Policy.
Must be Completed
Complete Only When This Endorsement
Is Not Prepared with the Policy or is
Not to be Effective with the Policy
POLICY NO.
ISSUED TO EFFECTIVE DATE OF
THIS ENDORSEMENT
|
Countersigned by
Authorized Representative
CNA INSURANCE COMPANIES
G-19911-A16
(ED. 07/93)
G-131697-A Page 1 of 15
(ED. 06/98) 425342712
For All the Commitments You Make
This endorsement, which forms a part of and is for attachment to the
following described Policy issued by the designated Insurers takes
effect on the effective date of said Policy, unless another effective
date is shown below, at the hour stated in said Policy and expires
concurrently with said Policy.
Must be Completed
Complete Only When This Endorsement Is Not Prepared with the Policy
or is Not to be Effective with the Policy
POLICY NO.
ISSUED TO EFFECTIVE DATE OF
HIS ENDORSEMENT
|
Countersigned by Authorized Representative
CNA INSURANCE COMPANIES
G-19911-A16
(ED. 07/93)
G-131697-A Page 1 of 16
(ED. 06/98) PolNumber
ENDORSEMENT NUMBER: 1
POLICY NUMBER: 425342712
ISSUED TO: FocusShares Trust
EFFECTIVE DATE OF ENDORSEMENT:
This endorsement, which forms a part of and is for attachment to the Policy
issued by the designated Insurers, takes effect on the effective date of said
Policy at the hour stated in said Policy and expires concurrently with said
Policy unless another effective date is shown above.
By Authorized Representative ___________________
(No signature is required if this endorsement is
issued with the Policy or if it is effective on
the Policy Effective Date)
G-145125-A (ED. 08/03)
Page 2 of 2
ENDORSEMENT NUMBER: 1
POLICY NUMBER: 425342712
ISSUED TO: FocusShares Trust
G-145125-A (ED. 08/03)
Page 1 of 2
ENDORSEMENT NUMBER: 1
POLICY NUMBER: 425342712
ISSUED TO: FocusShares Trust
EFFECTIVE DATE OF ENDORSEMENT: 02/22/2012
This endorsement, which forms a part of and is for attachment to the Policy
issued by the designated Insurers, takes effect on the effective date of said
Policy at the hour stated in said Policy and expires concurrently with said
Policy unless another effective date is shown above.
By Authorized Representative ____________________
(No signature is required if this endorsement
is issued with the Policy or if it is effective
on the Policy Effective Date)
G-145125-A (ED. 08/03)
Page 2 of 2
ENDORSEMENT NUMBER: 1
POLICY NUMBER: 425342712
ISSUED TO: FocusShares Trust
G-145125-A (ED. 08/03)
Page 1 of 2
ENDORSEMENT NUMBER: 2
POLICY NUMBER: 425342712
ISSUED TO: FocusShares Trust
EFFECTIVE DATE OF ENDORSEMENT:
This endorsement, which forms a part of and is for attachment to the Policy
issued by the designated Insurers, takes effect on the effective date of said
Policy at the hour stated in said Policy and expires concurrently with said
Policy unless another effective date is shown above.
By Authorized Representative _____________
(No signature is required if this
endorsement is issued with the
Policy or if it is effective on
the Policy Effective Date)
G-145184-A (Ed. 6/03)
Page 1 of 1
POLICY NO.
425342712
ISSUED TO
EFFECTIVE DATE OF
THIS ENDORSEMENT
Countersigned by
Authorized Representative
Page 2 of 2
CNA INSURANCE COMPANIES
PRO-4144-A
(ED. 01/00)
GSL8007XX (2-06)
Policy No:
425342712
Page 1
Endorsement No:
5
Continental
Insurance Company of New Jersey
Effective Date:
Insured Named: FocusShares
Trust(c) CNA All Rights Reserved.
Foundation Building Mate... (NYSE:FBM)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Foundation Building Mate... (NYSE:FBM)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024