OHAI OHA Investment Corporation

1.	A copy of the fidelity bond covering the Company; and

2.	A Certificate of the Secretary of the Company containing the resolutions of the Board of Directors approving the form and amount of the fidelity bond.

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Item 2. Bond Period: from 12:01 a.m. on	09/30/2017    to 12:01 a.m. on 09/30/2018 standard time.

Item 3. The Aggregate Liability of the Underwriter during the Bond Period shall be $ 525,000

Item 4. Subject to Sections 4 and 11 hereof, the Single Loss Limit of Liability is $525,000 and the Single Loss Deductible is $15,000

Provided, however, that if any amounts are inserted below opposite specified Insuring Agreements or Coverage, those amounts shall be controlling. Any amount set forth below shall be part of and not in addition to amounts set forth above. (If an Insuring Agreement or Coverage is to be deleted, insert “Not Covered.”)

Amount applicable to:	Single Loss Limit of Liability	Single Loss Deductible
Insuring Agreement (D)—FORGERY OR ALTERATION	$525,000	$15,000
Insuring Agreement (E)—SECURITIES	$525,000	$15,000
Optional Insuring Agreements and Coverages:
Insuring Agreement-COMPUTER SYSTEM FRAUD	$525,000	$15,000
Insuring Agreement-TELEFACSIMILE TRANSFERS	$525,000	$15,000
Insuring Agreement-UNAUTHORIZED SIGNATURES	$100,000	$5,000
Insuring Agreement-STOP PAYMENT	$100,000	$5,000

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THIS ENDORSEMENT/RIDER CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

APPLICABLE FORMS & ENDORSEMENTS/RIDERS

FORMS AND ENDORSEMENTS/RIDERS LISTED BELOW APPLY TO AND ARE MADE PART OF THIS POLICY AT

TIME OF ISSUE.

ILF 0001C (04/16)		Signature Page - Commercial Lines
SR 6004a		Cancelation Rider - FI Bond, Std. Form No. 14, Member SIPC Which Has Employees
SR 6196		Computer Systems Fraud Insuring Agreement
SR 6100f		Delete Data Processing Coverage
SR 6180c		New York Statutory Rider/Endorsement
FI 645		Audit Expense Rider For Use With Financial Institution Bond Form No. 14 & 24
FI 628		OFAC Rider
FI 679		Amend Declarations -- Adding Insuring Agreements
FI 676		Telefacsimile Transfer Fraud Insuring Agreement Rider
FI 677		Unauthorized Signatures Insuring Agreement Rider
FI 678		Uncollectable Items of Deposit Insuring Agreement Rider
FI 716		Stop Payment Insuring Agreement Rider
MAN-FID-193		Amend Definition of Employee - Investment Company Act Rider
MAN-FID-194		Amend Insuring Agreement 1 - Deductible Rider
MAN-FID-195		Non-Cumulative Rider

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1.

The Underwriter will mark its records to indicate that the Securities And Exchange Commission is to be notified sixty days prior to the cancellation or substantial modification of the attached bond, whether at the request of the Insured or the Underwriter, and will use its best efforts to so notify said Commission but failure to so notify said Commission shall not impair or delay the effectiveness of any such cancellation or modification.

2.	This rider shall become effective as of 12:01 a.m. on 09/30/2017

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(i)	Property to be transferred, paid or delivered,

(ii)	an account of the Insured, or of its customer, to be added, deleted, debited or credited, or

(iii)	an unauthorized account or a fictitious account to be debited or credited.

(A)	Computer Program means a set of related electronic instructions which direct the operations and functions of a computer or devices connected to it which enable the computer or devices to receive, process, store or send Electronic Data;

(B)	Computer System means

(1)	computers with related peripheral components, including storage components wherever located,

(2)	systems and applications software,

(3)	terminal devices, and

(4)	related communication networks

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(C)	Electronic Data means facts or information converted to a form usable in a Computer System by Computer Programs, and which is stored on magnetic tapes or disks, or optical storage disks or other bulk media.

(A)	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 Computer Systems Fraud Insuring Agreement and would be imposed on the Insured regardless of the existence of the contract;

(B)	loss resulting directly or indirectly from negotiable instruments, securities, documents or other written instruments which bear a forged signature, or are counterfeit, altered or otherwise fraudulent and which are used as source documentation in the preparation of Electronic Data or manually keyed into a data terminal.,

(C)	loss resulting directly or indirectly from

(1)	mechanical failure, faulty construction, error in design, latent defect, fire, wear or tear, gradual deterioration, electrical disturbance or electrical surge which affects a Computer System, or

(2)	failure or breakdown of electronic data processing media, or

(3)	error or omission in programming or processing;

(D)	loss resulting directly or indirectly from the input of Electronic Data into a Computer System terminal device either on the premises of a customer of the Insured or under the control of such a customer by a person who had authorized access to the customer's authentication mechanism;

(E)	loss resulting directly or indirectly from the theft of confidential information.

3.	The exclusion below, found in financial institution bonds forms 14 and 25, does not apply to the Computer Systems Fraud Insuring Agreement. "loss involving any Uncertificated Security except an Uncertificated Security of any Federal Reserve Bank of the United States or when covered under Insuring Agreement (A);"

4.	This rider is effective as of 12:01 a.m. on 09/30/2017

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1.	The attached bond is amended:

a.	by deleting the numbered paragraph beginning

b.	by deleting the following from the second paragraph of Section 12:

2.	This rider shall become effective as of 12:01 a.m. on 09/30/2017.

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1.	Part (a) of the section entitled “Termination or Cancelation” of this bond/policy is deleted and cancelation of this bond/policy by the Underwriter/Company is subject to the following provisions:

a.	If this bond/policy has been in effect for 60 days or less, the underwriter/company may cancel this bond/policy by mailing or delivering to the first named Insured written notice of cancelation at least:

(1)	20 days before the effective date of cancelation if the underwriter/company cancels for any reason not included in paragraph (2) below.

(2)	15 days before the effective date of cancelation if the underwriter/company cancels for any of the following reasons:

(i)	Nonpayment of premium provided, however, that a notice of cancelation for this reason shall inform the Insured of the amount due;

(ii)	Conviction of a crime arising out of acts increasing the hazard insured against;

(iii)	Discovery of fraud or material misrepresentation in the obtaining of the bond/policy or in the presentation of a claim;

(iv)	After issuance of the bond/policy or after the last renewal date, discovery of an act or omission, or a violation of a bond/policy condition, that substantially and materially increases the hazard insured against, and that occurred subsequent to inception of the current bond/policy period;

(v)

Material physical change in the property insured, occurring after issuance or last annual renewal anniversary date of the bond/policy, that results in the property becoming uninsurable in accordance with our objective, uniformly applied underwriting standards in effect at the time the bond/policy was issued or last renewed; or material change in the nature or extent of the risk, occurring after issuance or last annual renewal anniversary date of the bond/policy, that causes the risk of loss to be substantially and materially increased beyond that contemplated at the time the bond/policy was issued or last renewed;

(vi)	Required pursuant to a determination by the Superintendent that continuation of our present premium volume would jeopardize our solvency or be hazardous to the interest of our policyholders, our creditors or the public;

(vii)	A determination by the Superintendent that the continuation of the bond/policy would violate, or would place us in violation of, any provision of the Insurance Code; or

(viii)

Where the underwriter/company has reason to believe, in good faith and with sufficient cause, that there is a probable risk of danger that an insured will destroy, or permit to be destroyed, the insured property for the purpose of collecting the insurance proceeds. If the underwriter/company cancels for this reason, the first named Insured may make a written request to the Insurance Department, within 10 days of receipt of this notice, to review the cancelation decision. Also, the underwriter/company will simultaneously send a copy of the cancelation notice to the Insurance Department.

b.	If this bond/policy has been in effect for more than 60 days, or if this bond/policy is a renewal or continuation of

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c.	The underwriter/company will mail or deliver notice, including the reason for cancelation, to the first named Insured at the address shown in the bond/policy and to the authorized agent or broker.

d.

If this bond/policy is canceled, the underwriter/company will send the first named Insured any premium refund due. If the underwriter/company cancels, the refund will be pro rata. If the first named Insured cancels, the refund may be less than pro rata. However, when the premium is advanced under a premium finance agreement, the cancelation refund will be pro rata. Under such financed policies, the underwriter/company will be entitled to retain a minimum earned premium of 10% of the total premium or $60, whichever is greater. The cancelation will be effective even if the underwriter/company has not made or offered a refund.

e.	If one of the reasons for cancelation in paragraph a.(2) exists, the underwriter/company may cancel this entire bond/policy, even if the reason for cancelation pertains only to a new coverage or endorsement initially effective subsequent to the original issuance of this bond/policy.

2.	Renewal or nonrenewal of this bond/policy by the Underwriter/Company is subject to the following provisions:

a.	If the underwriter/company decides not to renew this bond/policy, it will send notice as provided in paragraph c. below.

b.

If the underwriter/company conditionally renews this bond/policy subject to a change of limits, change in type of coverage, reduction of coverage, increased deductible, addition of exclusion, or increased premiums in excess of 10% (exclusive of any premium increase due to insured value added, increased exposure units, or as a result of experience rating, loss rating, retrospective rating or audit) the underwriter/company will send notice as provided in paragraph c. below.

c.

If the underwriter/company decides not to renew this bond/policy, or to conditionally renew this bond/policy as provided in paragraph 2.b. above, the underwriter/company will mail or deliver written notice to the first named Insured shown in the Declarations at least 60 days, but not more than 120 days, before the expiration date of the bond/policy or, the anniversary date if this is a continuous bond/policy.

d.	Notice will be mailed or delivered to the first named Insured at the address shown in the bond/policy and to the authorized agent or broker. If notice is mailed, proof of mailing will be sufficient proof of notice.

e.	Notice will include the specific reason(s) for nonrenewal or conditional renewal, including the amount of any premium increase for conditional renewal and a description of any other changes.

f.	If the underwriter/company violates the provisions of paragraph c. above by sending the first named Insured an incomplete or late conditional renewal notice or a late nonrenewal notice:

(1)

prior to the expiration date of the bond/policy, coverage will remain in effect at the same terms and conditions of this bond/policy at the lower of the current rates or the prior period’s rates until 60 days after such notice is mailed or delivered, unless the first named Insured, during this 60 day period, has replaced the coverage or elects to cancel; provided, however, that if the insured elects to renew on the basis of a conditional renewal notice and the notice was provided at least thirty (30) days prior to the expiration date of this Policy, then the terms, conditions and rates set forth in the conditional renewal notice shall apply as of the renewal date; or

(2)	on or after the expiration date of this bond/policy, coverage will remain in effect at the same terms and conditions of this bond/policy for another required bond/policy period, at the lower of the current rates or the prior period’s rates, unless the first named Insured, during this additional required bond/policy period, has replaced the coverage or elects to cancel.

g.	The underwriter/company need not send notice of nonrenewal or conditional renewal if the first named Insured, its authorized agent or broker or another insurer of the first named Insured mails or delivers notice that the bond/

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1.	The attached bond is amended by adding the following paragraph to INSURING AGREEMENT - FIDELITY:

2.	The following paragraph is substituted for EXCLUSIONS - Section 2. (u):

(1)	in establishing the existence of, or amount of, loss covered under this bond, except to the extent covered under INSURING AGREEMENT - FIDELITY,

(2)	as a party to any legal proceeding whether or not such legal proceeding exposes the Insured to loss covered by this bond;

3.	The Single Loss Limit of Liability under this rider is $100,000. The liability of the Underwriter under this rider shall be part of, and not in addition to, the Single Loss Limit of Liability stated in Item 4. of the Declarations. The Single Loss Deductible under this rider is $5,000.

4.	Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, conditions, provisions, agreements or limitations of the bond, other than as above stated.

5.	This rider shall become effective as of 12:01 a.m. on 09/30/2017.

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Item 4. of the Declarations Page is amended to include:

			Single Loss				Single Loss
Optional Insuring Agreement and Coverages			Limit of Liability				Deductible
Insuring Agreement -	UNCOLLECTIBLE ITEMS OF DEPOSIT		$	100,000			$	5,000
Insuring Agreement -	AUDIT EXPENSE		$	100,000			$	5,000
Insuring Agreement -			$	—			$	—
Insuring Agreement -			$	—			$	—
Insuring Agreement -			$	—			$	—
Insuring Agreement -			$	—			$	—

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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

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;

DEFINITIONS:

 

Certificated Security means a share, participation or other interest in the property, of or an enterprise of, the issuer or an obligation of the issuer, which is:

(1)	represented by an instrument issued in bearer or registered form;

(2)	of a type commonly dealt in on securities exchanges or markets or commonly recognized in any area in which it is issued or dealt in as a medium for investment, and

FI-676 (06/14)                        Page 1 of 4

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(3)	either one of a class or series or by its terms divisible into a class or series of shares, participations, interests or obligations.

(1)	not represented by an instrument and the transfer of which is registered upon books maintained for that purpose by or on behalf of the issurer,

(2)	of a type commonly dealt in on securities exchanges or markets, and

(3)	either one of a class or series or by its terms divisible into a class or series of shares, participations, interests or obligations;

(a)	loss caused by a director or employee of the Insured or by a person in collusion with any director or employee of the Insured; (Collusion shall include the willful withholding of knowledge from the Insured by any director or employee that a fraudulent act by a person not an employee has been or will be perpetrated against the Insured.);

(b)	loss resulting directly or indirectly from the Insured having transferred Funds in reliance on the validity of a voice instruction;

(c)	loss resulting directly or indirectly from entry or change of Electronic Data or Computer Programs in a Computer System;

(d)	loss resulting directly or indirectly from theft of confidential information;

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(e)	loss resulting directly or indirectly from payments made or withdrawals from a depositor’s account involving items of deposit which are not finally paid for any reason;

(f)	potential income, including but not limited to interest and dividends;

(g)	damages of any type for which the Insured is legally liable, except compensatory damages, but not multiples thereof, arising directly from a loss covered under this policy;

(h)	loss resulting directly or indirectly from the assumption of liability by the Insured by contract unless the liability arises from a loss covered by this policy and would be imposed on the Insured regardless of the existence of the contract;

(i)	any fees, costs and expenses incurred by the Insured

(1)	in establishing the existence of or amount of loss covered under this policy, or

(2)	as a party to any legal proceeding whether or not such legal proceeding exposes the Insured to loss covered by this policy;

(j)	indirect or consequential loss of any nature;

(k)	the cost of duplication of Electronic Data or Computer Programs;

(l)	loss involving a Voice Computer System;

(m)	loss involving automated mechanical devices which, on behalf of the Insured, disburse money, accept deposits, cash checks, drafts or similar written instruments or make credit card loans;

(n)	loss resulting directly or indirectly from

(1)	written instructions or advices, or

(2)	telegraphic or cable instructions or advices unless the instructions or advices are Tested;

(o)	loss resulting directly or indirectly from negotiable instruments, securities, documents or other written instruments which bear a forged signature, or are counterfeit, altered or otherwise fraudulent and which are used as source documentation in the preparation of Electronic Data or manually keyed into a data terminal;

(p)	Loss resulting directly or indirectly from the fraudulent preparation, or fraudulent modification of Computer Programs;

(q)	loss resulting directly or indirectly from

(1)	mechanical failure, faulty construction, error in design, latent defect, fire, wear or tear, gradual deterioration, electrical disturbance or electrical surge which affects a Computer System, or

(2)	failure or breakdown of electronic data processing media, or

(3)	error or omission in programming or processing;

(r)	loss due to riot or civil commotion or loss due to military, naval or usurped power, war or insurrection;

(s)	loss resulting directly or indirectly from the effects of nuclear fission or fusion or radioactivity; provided, however, that this exclusion shall not apply to loss resulting from industrial uses of nuclear energy;

(t)	loss as a result of a threat

(1)	to do bodily harm to any person, or

(2)	to do damage to the premises or property of the Insured, or

(3)	to Computer System operations;

(u)	loss resulting directly or indirectly from the use of a telephone credit, debit, charge, identification or similar card to

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(v)	loss resulting directly or indirectly from the use or purported use of credit, debit, charge, access, convenience, customer identification or other cards;

(w)	loss resulting directly or indirectly from the input of Electronic Data into a Computer System terminal device either on the premises of a customer of the Insured or under the control of such customer by a person who had authorized access to the customer’s authentification mechanism.

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1.	The attached bond is amended to include the following insuring agreement:

2.	Refer to Item 4 in the Declarations for applicable limit of liability and retention.

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2.	The following is an exclusion which applies to this Insuring Agreement:

3.	The Single Loss Limit of Liability applicable to this Insuring Agreement is limited to the sum of One hundred thousand dollars ($100,000) and a single loss deductible amount of Five thousand dollars ($5,000).

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(a)	for having either complied with or failed to comply with any written notice of any depositor of the Insured or any Authorized Representative of such depositor to stop payment of any cheque or draft made or drawn by such depositor or any Authorized Representative of such depositor, or

(b)	for having refused to pay any cheque or draft made or drawn by any depositor of the Insured or any Authorized Representative of such depositor.

(1)	the Insured shall bear the first $5,000 for each and every loss.

(2)	the Underwriters Liability under this rider shall be limited to $100,000 for any one loss and in all during each policy year, subject to a $100,000 Annual Aggregate.

(3)	the term "Policy Year" as used in this Rider shall mean each period of twelve calendar months commencing the effective date of the attached bond.

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(7)

each director or trustee of the Insured, the investment adviser, an underwriter (distributor), a transfer agent or shareholder accounting record-keeper, or an administrator authorized by written agreement to keep financial and/or other required records, but only while performing acts coming within the scope of the usual duties of an officer or Employee or while acting as a member of any committee duly elected or appointed to examine or audit or have custody of or access to the Property of the Insured; provided, that only directors and trustees of a transfer agent, shareholder accounting record-keeper or administrator which is an affiliated person, as defined in the Investment Company Act of 1940, of an Investment Company named as Insured or is an affiliated person of the adviser, underwriter or administrator of such Investment Company, and which is not a bank, shall be included within the definition of Employee, and

(8)	each officer, partner or Employee or

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1.	The Underwriter has issued the following similar bond or policy, herein referred to as the Concurrent Bond or Policy, the liability afforded by which is not intended to be cumulative with the liability afforded under the attached Bond or Policy:

CONCURRENT BOND OR POLICY

For the period 9/30/2017 to 11/1/2017

Bond or Policy Number:     BND0101560 and BND0101561

Bond or Policy Form:	Financial Institution Bond Standard Form 14 and Computer Crime Policy for Financial Institutions

Bond or Policy Form:	Financial Institution Bond Standard Form 14 and Computer Crime Policy for Financial Institutions

2.	In the event of a Single Loss which results in a loss covered under both the attached Bond and the Concurrent Bond or Policy, the liability of the Underwriter for such Single Loss shall not exceed in the aggregate the Single Loss Limit of Liability under the attached Bond or the Single Loss Limit of Liability of the Concurrent Bond or Policy, whichever is greater