Fidelity Bond Filing Form 40 17G
VIA EDGAR
Re: Rule 17g-1 Fidelity Bond Filing for
Enclosed for filing, on behalf of
(i) a copy of the executed fidelity bond for the Corporation (the "Fidelity Bond"); and
(ii) a Certificate of Secretary containing the resolutions of the Board of Directors of the Corporation approving the amount, type, form and coverage of the Fidelity Bond and a statement as to the period for which premiums have been paid.
Very truly yours, | |
/s/ |
|
Authorized Signatory | |
Enclosures |
CERTIFICATE OF SECRETARY
The undersigned,
1. This certificate is being delivered to the
2. The undersigned is the duly elected, qualified and acting Vice President, General Counsel and Secretary of the Corporation, has custody of the corporate records of the Corporation and is a proper officer to make this certification.
3. Attached hereto as Exhibit A is a copy of the resolutions approved by a majority of the members of the Board of the Directors of the Corporation who are not "interested persons" of the Corporation within the meaning of Section 2(a)(19) of the 1940 Act, approving the amount, type, form and coverage of the Fidelity Bond.
4. Premiums have been paid for the period
IN WITNESS WHEREOF, the undersigned has caused this certificate to be executed this 4th day of October, 2024.
/s/ |
|
Vice President, General Counsel and Secretary |
EXHIBIT A
Approval of Insurance and Fidelity Bond
WHEREAS, the board of directors (the "Board") of
WHEREAS, in accordance with the Corporation's Fidelity Bond Coverage Policy (the "Coverage Policy"), the Corporation's Chief Financial Officer has recommended certain levels of fidelity bond coverage to satisfy Rule 17g-1 of the Investment Company Act of 1940, as amended (the "1940 Act"); and
WHEREAS, Board approval is being sought in accordance with the Coverage Policy.
NOW, THEREFORE, BE IT RESOLVED, by the Board, and separately by a majority of the directors who are not "interested persons" of the Corporation within the meaning of the 1940 Act, that the Corporation shall be named as an insured under the Fidelity Bond having an aggregate coverage of at least
RESOLVED FURTHER, that the proposed form and amount of the Fidelity Bond be, and the same hereby are, approved by the Board, and separately, a majority of the directors who are not "interested persons" of the Corporation within the meaning of the 1940 Act, based on factors including, but not limited to, the amount of the Fidelity Bond, the expected value of the aggregate assets of the Corporation to which any person covered under the Fidelity Bond may have access, the estimated amount of the premium for the Fidelity Bond, the type and terms of the arrangements made for the custody and safekeeping of the Corporation's assets and the nature of the securities in the Corporation's portfolio;
RESOLVED FURTHER, that the Officers be, and each of them hereby is, authorized to obtain the Fidelity Bond and direct the Corporation to pay the premium therefor;
RESOLVED FURTHER, that the Secretary of the Corporation be, and hereby is, designated as the party responsible for making the necessary filings and giving the notices with respect to the Fidelity Bond required by paragraph (g) of Rule 17g-1 under the 1940 Act; and
RESOLVED FURTHER, that the Officers be, and each of them hereby is, authorized, empowered and directed, in the name and on behalf of the Corporation, to prepare and execute any further agreements and documents and take any actions that such Officer determines to be necessary, advisable or appropriate to effect the foregoing resolutions, any such determination to be conclusively evidenced by the taking of any such action.
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Class Code: 2-14057 TSB 5062b 1087 Copyright, |
Class Code: 2-14057 TSB 5062b 1087 Copyright, |
Class Code: 2-14057 TSB 5062b 1087 Copyright, |
Class Code: 2-14057 TSB 5062b 1087 Copyright, |
Class Code: 2-14057 TSB 5062b 1087 Copyright, |
Class Code: 2-14057 TSB 5062b 1087 Copyright, |
Class Code: 2-14057 TSB 5062b 1087 Copyright, The Surety Association of America, 1987 Page 7 of 7 Books of Account and Other Records In case of loss of, or damage to, any books of account or other records used by the Insured in its business, the Underwriter shall be liable under this bond only if such books or records are actually reproduced and then for not more than the cost of the blank books, blank pages or other materials plus the cost of labor for the actual transcription or copying of data which shall have been furnished by the Insured in order to reproduce such books and other records. Property other than Money, Securities or Records In case of loss of, or damage to, any Property other than Money, securities, books of account or other records, or damage covered under Insuring Agreement (B)(2), the Underwriter shall not be liable for more than the actual cash value of such Property, or of items covered under Insuring Agreement (B)(2). The Underwriter may, at its election, pay the actual cash value of, replace or repair such property. Disagreement between the Underwriter and the Insured as to the cash value or as to the adequacy of repair or replacement shall be resolved by arbitration. Set-Off Any loss covered under this bond shall be reduced by a set-off consisting of any amount owed to the Employee causing the loss if such loss is covered under Insuring Agreement (A) ASSIGNMENT- SUBROGATION- RECOVERY- COOPERATION Section 7. (a) In the event of payment under this bond, the Insured shall deliver, if so requested by the Underwriter, an assignment of such of the Insured's rights, title and interest and causes of action as it has against any person or entity to the extent of the loss payment. (b) In the event of payment under this bond, the Underwriter shall be subrogated to all of the Insured's rights of recovery therefor against any person or entity to the extent of such payment. (c) 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 either the Single or Aggregate Limit of Liability, secondly, to the Underwriter as reimbursement of amounts paid in settlement of the Insured's claim, and thirdly, to the Insured in satisfaction of any Deductible Amount. Recovery on account of loss of securities as set forth in the second paragraph of Section 6 or recovery from reinsurance and/or indemnity of the Underwriter shall not be deemed a recovery as used herein. (d) Upon the Underwriter's request and at reasonable times and places designated by the Underwriter the Insured shall (1) submit to examination by the Underwriter and subscribe to the same under oath; and (2) produce for the Underwriter's examination all pertinent records; and (3) cooperate with the Underwriter in all matters pertaining to the loss. (e) The Insured shall execute all papers and render assistance to secure to the Underwriter the rights and causes of action provided for herein. The Insured shall do nothing after discovery of loss to prejudice such rights or causes of action. LIMIT OF LIABILITY UNDER THIS BOND AND PRIOR INSURANCE Section 8. With respect to any loss set forth in sub-section (c) of Section 4 of this bond which is recoverable or recovered in whole or in part under any other bonds or policies issued by the Underwriter to the Insured or to any predecessor in interest of the Insured and terminated or canceled or allowed to expire and in which the period for discovery has not expired at the time any such loss thereunder is discovered, the total liability of the Underwriter under this bond and under such other bonds or policies shall not exceed, in the aggregate, the amount carried hereunder on such loss or the amount available to the Insured under such other bonds or policies, as limited by the terms and conditions thereof, for any such loss if the latter amount be the larger. If the coverage of this bond supersedes in whole or in part the coverage of any other bond or policy of insurance issued by an Insurer other than the Underwriter and terminated, canceled or allowed to expire, the Underwriter, with respect to any loss sustained prior to such termination, cancelation or expiration and discovered within the period permitted under such other bond or policy for the discovery of loss thereunder, shall be liable under this bond only for that part of such loss covered by this bond as is in excess of the amount recoverable or recovered on account of such loss under such other bond or policy, anything to the contrary in such other bond or policy notwithstanding. OTHER INSURANCE OR INDEMNITY Section 9. Coverage afforded hereunder shall apply only as excess over any valid and collectible insurance or indemnity obtained by the Insured, or by one other than the Insured on Property subject to exclusion (q) or by a |
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FINANCIAL INSTITUTION BOND AXIS 1012198 0119 Page 2 of 2 (6) The Insured asserts any available claims, offsets or defenses against the Customer, any financial institution, any fund administrator or any other party to the transaction. B. The applicable Single Loss Limit of Liability and Single Loss Deductible for the Customer Funds Transfer Fraud Insuring Agreement are as set forth in the Declarations or in the above schedule. C. Solely with respect to the coverage provided by this Rider: 1. The following Definitions are added to the DEFINITIONS section: Authorized Transfer Agent means an employee of the Customer or another financial institution with authority to instruct the Insured to transfer the Customer's Money or |
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