ICAP Bond (5-98) | | |
Form 17-02-1421 (Ed. 5-98) | | Page 16 of 19 |
Conditions and Limitations
Subrogation - Assignment – Recovery (continued) |
|
d. |
fourth, to the ASSURED in satisfaction
of any loss suffered by the ASSURED which was not covered under this Bond. |
|
|
Recovery from reinsurance or indemnity of the COMPANY
shall not be deemed a recovery under this section. |
Cooperation Of Assured |
12. |
At the COMPANY'S request
and at reasonable times and places designated by the COMPANY, the ASSURED shall: |
|
a. |
submit to examination by the COMPANY and subscribe to
the same under oath, |
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|
b. |
produce for the COMPANY'S examination all pertinent records, and |
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c. |
cooperate with the COMPANY in all matters pertaining to the loss. |
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The ASSURED shall execute all papers and render assistance
to secure to the COMPANY the rights and causes of action provided for under this Bond. The ASSURED shall do nothing after loss to prejudice
such rights or causes of action. |
Termination |
13. |
If the Bond
is for a sole ASSURED, it shall not be terminated unless written notice shall have been given by the acting party to the affected party
and to the Securities and Exchange Commission, Washington, D.C., not less than sixty (60) days prior to the effective date of such termination. |
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If the Bond is for a joint ASSURED, it
shall not be terminated unless written notice shall have been given by the acting party to the affected party, and by the COMPANY to all
ASSURED Investment Companies and to the Securities and Exchange Commission, Washington, D.C., not less than sixty (60) days prior
to the effective date of such termination. |
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This Bond will terminate as to any one
ASSURED, other than an Investment Company: |
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|
a. |
immediately on the taking over of such
ASSURED by a receiver or other liquidator or by State or Federal officials, or |
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|
b. |
immediately on the filing of a
petition under any State or Federal statute relative to bankruptcy or reorganization of the ASSURED, or assignment for the benefit of
creditors of the ASSURED, or |
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|
c. |
immediately upon such ASSURED ceasing to exist, whether
through merger into another entity, disposition of all of its assets or otherwise. |
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The COMPANY shall
refund the unearned premium computed at short rates in accordance with the standard short rate cancellation tables if terminated by the
ASSURED or pro rata if terminated for any other reason. |
ICAP Bond (5-98) | | |
Form 17-02-1421 (Ed. 5-98) | | Page 17 of 19 |
Conditions and Limitations
Termination (continued) |
|
If any partner, director, trustee, or officer or supervisory employee of an ASSURED not acting
in collusion with an Employee learns of any dishonest act committed by such Employee at any time, whether in the employment
of the ASSURED or otherwise, whether or not such act is of the type covered under this Bond, and whether against the ASSURED or any other
person or entity, the ASSURED: |
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|
|
a. |
shall immediately remove such Employee
from a position that would enable such Employee to cause the ASSURED to suffer a loss covered by this Bond; and |
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|
b. |
within forty-eight (48) hours of learning that
an Employee has committed any dishonest act, shall notify the COMPANY, of such action and provide full particulars of such dishonest
act. |
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|
|
The COMPANY may terminate coverage as respects any Employee sixty (60)
days after written notice is received by each ASSURED Investment Company and the Securities and Exchange Commission, Washington,
D.C. of its desire to terminate this Bond as to such Employee. |
Other Insurance |
14. |
Coverage under this Bond
shall apply only as excess over any valid and collectible insurance, indemnity or suretyship obtained by or on behalf of: |
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a. |
the ASSURED, |
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|
b. |
a Transportation Company, or |
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|
c. |
another entity on whose premises the loss occurred or which employed
the person causing the loss or engaged the messenger conveying the Property involved. |
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Conformity |
15. |
If any limitation within
this Bond is prohibited by any law controlling this Bond's construction, such limitation shall be deemed to be amended so as to equal
the minimum period of limitation provided by such law. |
|
|
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Change or Modification |
16. |
This Bond or any instrument
amending or affecting this Bond may not be changed or modified orally. No change in or modification of this Bond shall be effective except
when made by written endorsement to this Bond signed by an authorized representative of the COMPANY. |
|
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If this Bond is for a sole ASSURED, no change or modification
which would adversely affect the rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished
to the Securities and Exchange Commission, Washington, D.C., by the acting party. |
ICAP Bond (5-98) | | |
Form 17-02-1421 (Ed. 5-98) | | Page 18 of 19 |
Conditions And Limitations
Change or Modification (continued) |
|
If this Bond is for a joint ASSURED, no charge or modification which would adversely affect the
rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished to all insured Investment
Companies and to the Securities and Exchange Commission, Washington, D.C., by the COMPANY. |
ICAP Bond (5-98) | | |
Form 17-02-1421 (Ed. 5-98) | | Page 19 of 19 |
ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: December 31, 2022 FEDERAL
INSURANCE COMPANY
Endorsement/Rider No. 1
To be attached to and
form a part of Policy No. 81906724
Issued to: JOHN HANCOCK FUNDS
COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS
It is agreed that this insurance does not apply to the extent that trade
or economic sanctions or other similar laws or regulations prohibit the coverage provided by this insurance.
The title and any headings in this endorsement/rider are solely for convenience
and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Policy shall remain
unchanged.
|
|
/s/
Paul N. Morrissette |
|
|
Authorized Representative |
|
|
14-02-9228 (2/2010) |
Page 1 |
FEDERAL INSURANCE COMPANY
Endorsement No: 2
Bond Number: 81906724
NAME
OF ASSURED: JOHN HANCOCK
FUNDS |
|
NAME OF ASSURED ENDORSEMENT
It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to
read as follows:
JOHN HANCOCK FUNDS listed as the Named Assured on the Declarations
Page Includes the following and each of its series:
Multi-Asset Absolute Return Fund
Emerging Markets Debt Fund
Fundamental Global Franchise Fund
Global Equity Fund
Emerging Markets Fund
International Small Company Fund
Global Shareholder Yield Fund
International Growth Fund
Emerging Markets Value Trust
International Small Company Trust
International Equity Index Trust
Global Equity Trust
Disciplined Value International Trust
Emerging Markets Equity Fund
ESG Large Cap Core Fund
International Strategic Equity Allocation Fund
ESG Core Bond Fund
ESG International Equity
Global Thematic Opportunities Fund
International Dynamic Growth Fund
Short Duration Bond Fund
Diversified Real Assets Fund
Disciplined Value International Fund
Balanced Fund
Fundamental Large Cap Core Fund
Global Environmental Opportunities Fund
Diversified Macro Fund
500 Index Trust
Small Cap Stock Trust
ICAP Bond |
|
Form 17-02-0949 (Rev. 1-97) |
Page 1 |
Total Bond Market Trust
Mid Value Trust
Small Cap Value Trust
Real Estate Securities Trust
Fundamental All Cap Core Trust
American Growth Trust
American International Trust
American Growth-Income Trust
Fundamental Large Cap Value Trust
Strategic Income Opportunities Trust
Core Bond Trust
Small Cap Opportunities Trust
Money Market Trust
Investment Quality Bond Trust
Managed Volatility Conservative Portfolio
Blue Chip Growth Trust
Equity Income Trust
Managed Volatility Moderate Portfolio
Managed Volatility Balanced Portfolio
Opportunistic Fixed Income Trust
Managed Volatility Growth Portfolio
High Yield Trust
Multi-Asset High Income Fund
Alternative Asset Allocation Fund
Small Company Value Trust
Multi-Index Income Preservation Portfolio
Mid Cap Stock Trust
Multi-Index 2025 Preservation Portfolio
Multi-Index 2030 Preservation Portfolio
Small Cap Index Trust
Mid Cap Index Trust
Total Stock Market Index Trust
Capital Appreciation Trust
Health Sciences Trust
Financial Industries Trust
Multi-Index 2035 Preservation Portfolio
Multi-Index 2040 Preservation Portfolio
Multi-Index 2045 Preservation Portfolio
Multi-Index 2050 Preservation Portfolio
Multi-Index 2055 Preservation Portfolio
Absolute Return Opportunities Fund
John Hancock Mortgage-Backed Securities ETF
Multi-Index 2060 Preservation Portfolio
John Hancock Corporate Bond ETF
Multi-Index 2060 Lifetime Portfolio
New Opportunities Fund
American Global Growth Trust
American Asset Allocation Trust
Disciplined Value Fund
ICAP Bond |
|
Form 17-02-0949 (Ed. 1-97) |
Page 2 |
Capital Appreciation Value Trust
Capital Appreciation Fund
Equity Income Fund
Opportunistic Fixed Income Fund
High Yield Fund
Mid Cap Stock Fund
Real Estate Securities Fund
Core Bond Fund
Blue Chip Growth Fund
Small Cap Growth Fund
Multi-Index Lifestyle Aggressive Portfolio
Multi-Index Lifestyle Balanced Portfolio
Science & Technology Trust
Strategic Income Opportunities Fund
Multi-Index Lifestyle Conservative Portfolio
Floating Rate Income Fund
Multi-Index Lifestyle Growth Portfolio
Multi-Index Lifestyle Moderate Portfolio
Multimanager Lifestyle Conservative Portfolio
Multimanager Lifestyle Moderate Portfolio
Multimanager Lifestyle Balanced Portfolio
Multimanager Lifestyle Growth Portfolio
Multimanager Lifestyle Aggressive Portfolio
Multimanager 2010 Lifetime Portfolio
Multimanager 2015 Lifetime Portfolio
Multimanager 2020 Lifetime Portfolio
Multimanager 2025 Lifetime Portfolio
Multimanager 2030 Lifetime Portfolio
Multimanager 2035 Lifetime Portfolio
Multimanager 2040 Lifetime Portfolio
Multimanager 2045 Lifetime Portfolio
Multimanager 2055 Lifetime Portfolio
Multimanager 2050 Lifetime Portfolio
Multimanager 2060 Lifetime Portfolio
Multi-Index 2010 Lifetime Portfolio
Multi-Index 2015 Lifetime Portfolio
Multi-Index 2020 Lifetime Portfolio
Multi-Index 2025 Lifetime Portfolio
Multi-Index 2030 Lifetime Portfolio
Multi-Index 2035 Lifetime Portfolio
Multi-Index 2040 Lifetime Portfolio
Multi-Index 2045 Lifetime Portfolio
Multi-Index 2050 Lifetime Portfolio
Multi-Index 2055 Lifetime Portfolio
Retirement Income 2040 Fund
Bond Fund
Government Income Fund
High Yield Fund
Investment Grade Bond Fund
ICAP Bond |
|
Form 17-02-0949 (Ed. 1-97) |
Page 3 |
Income Fund
California Tax-Free Income Fund
High Yield Municipal Bond Fund
John Hancock Managed Account Shares Investment-Grade Corporate
Bond Portfolio
John Hancock Managed Account Shares Securitized Debt Portfolio
John Hancock Managed Account Shares Non-Investment-Grade
Corporate Bond Portfolio
Tax-Free Bond Fund
Financial Industries Fund
Regional Bank Fund
John Hancock Income Securities Trust
John Hancock Investors Trust
Strategic Equity Allocation Trust
John Hancock Financial Opportunities Fund
John Hancock Premium Dividend Fund
Money Market Fund
U.S. Global Leaders Growth Fund
John Hancock Preferred Income Fund
John Hancock Preferred Income Fund II
Strategic Equity Allocation Fund
John Hancock Preferred Income Fund III
Classic Value Fund
Collateral Trust Fund
Science & Technology Fund
Infrastructure Fund
Small Cap Core Fund
Seaport Long/Short Fund
U.S. Sector Rotation Fund
Multimanager 2065 Lifetime Portfolio
Multi-Index 2065 Preservation Portfolio
Multi-Index 2065 Lifetime Portfolio
John Hancock Tax-Advantaged Global Shareholder Yield Fund
John Hancock Tax-Advantaged Dividend Income Fund
Short Term Government Income Trust
Mid Value Fund
Small Cap Value Fund
Select Bond Trust
Short Duration Credit Opportunities Fund
Ultra Short Term Bond Trust
Absolute Return Currency Fund
Disciplined Value Mid Cap Fund
Capital Appreciation Value Fund
John Hancock Hedged Equity & Income Fund
Lifestyle Growth Portfolio
Lifestyle Balanced Portfolio
Lifestyle Moderate Portfolio
Lifestyle Conservative Portfolio
Fundamental All Cap Core Fund
ICAP Bond |
|
Form 17-02-0949 (Ed. 1-97) |
Page 4 |
Health Sciences Fund
U.S. Growth Fund
John Hancock Multifactor Large Cap ETF
John Hancock Multifactor Technology ETF
John Hancock Multifactor Healthcare ETF
John Hancock Multifactor Financials ETF
John Hancock Multifactor Consumer Discretionary ETF
John Hancock Multifactor
Mid Cap ETF
John Hancock Multifactor Consumer Staples ETF
John Hancock Multifactor Energy
ETF
John Hancock Multifactor Industrials ETF
John Hancock Multifactor Materials ETF
John Hancock Multifactor Utilities ETF
John Hancock Multifactor Developed International ETF
John Hancock Multifactor
Small Cap ETF
John Hancock Multifactor Emerging Markets ETF
John Hancock Multifactor Media and Communications ETF
Active Bond Trust
Asia Pacific Total Return Bond Fund
Diversified Strategies Fund
ESG All cap core fund
Global Bond Fund
Global Bond Trust
Global Trust
Income Allocation Fund
International Growth stock Funds
International Growth Stock Fund Trust
International Small Cap Fund
JHF Infrastructure Fund
John Hancock GA mortgage trust
Lifestyle aggressive portfolio
Managed volatility
aggressive portfolio
Multi-Index 2020 Preservation Portfolio
Mutual Shares Trust
Real Return Bond Fund
Small Company Value Fund
U.S. High Yield Bond Fund
U.S. Quality Growth Fund
U.S. Strategic Equity Allocation Fund
International Value Fund
International
Value Trust
Utilities Trust
Value Equity Fund
ICAP Bond |
|
Form 17-02-0949 (Ed. 1-97) |
Page 5 |
This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2022.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date:
January 17, 2023 |
By |
/s/
Paul N. Morrissette |
|
|
Authorized
Representative |
ICAP Bond |
|
Form 17-02-0949 (Ed. 1-97) |
Page 6 |
FEDERAL INSURANCE COMPANY
Endorsement No: 3
Bond Number: 81906724
NAME
OF ASSURED: JOHN HANCOCK FUNDS |
|
TERMINATION-NONRENEWAL-NOTICE ENDORSEMENT
It is agreed that this Bond is amended as follows:
|
1. |
By adding to Section 13., Termination, the following: “Termination By The Company |
Bonds In Effect For More Than Sixty (60) Days
If this Bond has been in effect for more than
sixty (60) days, or, if this Bond is a renewal, the COMPANY may terminate by providing written notice of cancellation at least sixty (60)
days before the effective date of termination for at least one of the following reasons:
|
1. |
Nonpayment of premium; |
|
2. |
Discovery of fraud or material misrepresentation in obtaining this Bond or in the presentation of a claim thereunder; |
|
3. |
Discovery of willful or reckless acts or omissions or violation of any provision of this Bond on the part
of the ASSURED which substantially and materially increases any hazard insured against, and which occurred subsequent to the inception
of the current BOND PERIOD; |
|
4. |
Conviction of the ASSURED of a crime arising out of acts increasing the hazard insured against; |
|
5. |
Material change in the risk which increases the risk of loss after insurance coverage has been issued or renewed,
except to the extent that the COMPANY should reasonably have foreseen the change, or contemplated the risk when the contract was written; |
|
6. |
Determination by the Commissioner that the continuation of the Bond would jeopardize a COMPANY’S solvency
or would place the COMPANY in violation of the insurance laws of any state; |
|
7. |
Determination by the Commissioner that continuation of the present premium volume of the COMPANY would jeopardize the COMPANY’S
policyholders, creditors or the public; |
|
8. |
Such other reasons that are approved by the Commissioner; |
|
9. |
Determination by the Commissioner that the COMPANY no longer has adequate reinsurance to meet the ASSUREDS needs; |
|
10. |
Substantial breaches of contractual duties, conditions or warranties; or |
ICAP Bond |
|
Form 17-02-1360 (Rev. 10-99) |
Page 1 |
|
11. |
Unfavorable underwriting facts, specific to the ASSURED, existing that were not present at the inception of the Bond. |
|
|
|
ICAP Bond |
|
Form 17-02-1360 (Rev. 10-99) |
Page 2 |
Bonds In Effect Sixty (60) Days Or Less
If this Bond has been in effect for sixty
(60) days or less, and it is not a renewal Bond, the COMPANY may terminate for any reason by providing written notice of termination at
least sixty (60) days before the effective date of termination.
Notice Of Termination
Notice of termination under this Section shall
be mailed or delivered, by certified mail, return receipt provided by the United States Postal Service, to the ASSURED and to the authorized
agent or broker, if any, at least sixty (60) days prior to the effective date of cancellation at the address shown on the DECLARATIONS
of this Bond.
If this Bond is cancelled for nonpayment of
premium, the COMPANY will mail or deliver, by certified mail, return receipt provided by the United States Postal Service, a written notice
at least thirty (30) days before the effective date of cancellation. The cancellation notice shall contain information regarding the amount
of premium due and the due date, and shall state the effect of nonpayment by the due date. Cancellation shall not be effective if payment
of the amount due is made prior to the effective date of cancellation.
All notice of cancellation shall state the reason(s) for cancellation.
There is no liability on the part of, and
no cause of action of any nature shall arise against, the COMPANY, its authorized representatives, its employees, or any firm, person
or corporation furnishing to the COMPANY, information relating to the reasons for cancellation or nonrenewal, for any statement made by
them in complying or enabling the COMPANY to comply with this Section, for the provision of information pertaining thereto, or for statements
made or evidence submitted at any hearings conducted in connection therewith, if such information was provided in good faith and without
malice.
Notice Of Nonrenewal
If the COMPANY elects not to renew this Bond,
the COMPANY shall mail or deliver written notice, by certified mail, return receipt, provided by the United States Postal Service, to
the ASSURED, at his last known address, at least sixty (60) days before the expiration date or before the anniversary date, if this Bond
has been written for a term of more than one (1) year. Such notice shall also be mailed to the ASSURED’S agent or broker, if any.
Such notice shall contain all of the following:
|
c. |
Reason for Cancellation; |
|
d. |
Expiration Date of the Bond; |
|
e. |
Effective Date and Hour of Cancellation. |
Notice of nonrenewal shall not be required
if the COMPANY or a COMPANY within the same insurance group has offered to issue a renewal Bond, the ASSURED has obtained replacement
coverage or has agreed in writing to obtain replacement coverage, the ASSURED has requested or agreed to nonrenewal, or the Bond is expressly
designated as nonrenewable.
ICAP Bond |
|
Form 17-02-1360 (Rev. 10-99) |
Page 3 |
Return Premium Calculations
Any unearned premiums which have been paid
by the ASSURED shall be refunded to the ASSURED on a pro rata basis if terminated by the COMPANY or the ASSURED. The unearned premiums
shall be refunded to the ASSURED within forty-five (45) days of receipt of the request for cancellation or the effective date of cancellation,
whichever is later.
Conditional Renewal
If the COMPANY offers or purports to renew
the Bond, but on less favorable terms or at higher rates, the new terms or higher premiums may take effect on the renewal date, if the
COMPANY mails or delivers by certified mail, return receipt provided by the United States Postal Service, to the ASSURED, notice of the
new terms or premiums at least sixty (60) days prior to the renewal date. If the COMPANY notifies the ASSURED within sixty (60) days prior
to the renewal date, the new terms or premiums do not take effect until sixty (60) days after the notice is mailed or delivered, in which
case, the ASSURED may elect to cancel the renewal Bond within the sixty (60) day period. If the COMPANY does not notify the ASSURED of
the new terms or premiums, the COMPANY shall continue the Bond at the expiring terms and premiums until notice is given or until the effective
date of replacement coverage is obtained by the ASSURED, whichever occurs first.”
|
2. |
It is further understood and agreed that for the purposes of Section 13., Termination,
any occurrence listed in this Section shall be considered to be a request by the ASSURED to immediately terminate this Bond. |
This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2022.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: January 17, 2023 |
By |
/s/ Paul N. Morrissette |
|
|
Authorized Representative |
ICAP Bond |
|
Form 17-02-1360 (Rev. 10-99) |
Page 4 |
FEDERAL INSURANCE COMPANY
Endorsement No. 4
Bond Number: 81906724
NAME OF ASSURED: JOHN HANCOCK FUNDS
REVISE ITEM 2. ENDORSEMENT
It is agreed that this Bond is amended by
deleting ITEM 2. in its entirety on the DECLARATIONS and substituting the following:
ITEM 2. LIMITS OF LIABILITY-DEDUCTIBLE AMOUNTS:
If “Not Covered” is inserted
below opposite any specified INSURING CLAUSE, such INSURING CLAUSE and any other reference to such INSURING CLAUSE in this Bond shall
be deemed to be deleted. There shall be no deductible applicable to any loss under INSURING CLAUSE 1 sustained by any Investment Company.
|
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SINGLE LOSS |
|
|
INSURING CLAUSE |
|
|
LIMIT OF LIABILITY |
|
DEDUCTIBLE AMOUNT |
|
1. |
Employee |
|
$ |
15,000,000 |
|
$ |
0 |
2. |
On Premises |
|
$ |
15,000,000 |
|
$ |
150,000 |
3. |
In Transit |
|
$ |
15,000,000 |
|
$ |
150,000 |
4. |
Forgery or Alteration |
|
$ |
15,000,000 |
|
$ |
150,000 |
5. |
Extended Forgery |
|
$ |
15,000,000 |
|
$ |
150,000 |
6. |
Counterfeit Money |
|
$ |
15,000,000 |
|
$ |
150,000 |
7. |
Threats to Person |
|
$ |
15,000,000 |
|
$ |
150,000 |
8. |
Computer System |
|
$ |
15,000,000 |
|
$ |
150,000 |
9. |
Voice Initiated Funds Transfer Instruction |
|
$ |
15,000,000 |
|
$ |
150,000 |
10. |
Uncollectible Items of Deposit |
|
$ |
15,000,000 |
|
$ |
150,000 |
11. |
Audit Expense |
|
$ |
150,000 |
|
$ |
0 |
12. |
Unauthorized Signature |
|
$ |
15,000,000 |
|
$ |
150,000 |
13. |
Automated Telephone Transaction |
|
$ |
15,000,000 |
|
$ |
150,000 |
14. |
Telefacsimile Instruction Fraud |
|
$ |
15,000,000 |
|
$ |
150,000 |
15. |
Stop Payment Order or Refusal To Pay Check |
|
$ |
15,000,000 |
|
$ |
150,000 |
16. |
Extended Computer Systems |
|
$ |
15,000,000 |
|
$ |
150,000 |
|
|
|
|
|
|
|
|
|
|
|
This Endorsement applies to loss discovered after 12:01 a.m. on
December 31, 2022.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: January
17, 2023 |
By |
|
/s/
Paul N. Morrissette |
|
|
|
Authorized
Representative |
ICAP Bond |
|
|
Form 17-02-1582 (Ed. 5-98) |
|
Page 1 |
ICAP Bond |
|
|
Form 17-02-1582 (Ed. 5-98) |
|
Page 2 |
FEDERAL INSURANCE COMPANY
Endorsement No.: 5
Bond Number: 81906724
NAME
OF ASSURED: JOHN HANCOCK FUNDS |
|
UNAUTHORIZED SIGNATURE ENDORSEMENT
It is agreed that this Bond is amended as follows:
|
1. |
By adding the following INSURING CLAUSE: |
|
12. |
Unauthorized Signature |
Loss resulting directly from the ASSURED
having accepted, paid or cashed any check or Withdrawal Order made or drawn on or against the account of the ASSURED’S customer
which bears the signature or endorsement of one other than a person whose name and signature is on file with the ASSURED as a signatory
on such account.
It shall be a condition precedent to the
ASSURED’S right of recovery under this INSURING CLAUSE that the ASSURED shall have on file signatures of all the persons who are
signatories on such account.
|
2. |
By adding to Section 1., Definitions, the following: |
|
r. |
Instruction means a written order to the issuer of an Uncertificated Security requesting that
the transfer, pledge or release from pledge of the specified Uncertificated Security be registered. |
|
s. |
Uncertificated Security means a share, participation or other interest in property of or an enterprise
of the issuer or an obligation of the issuer, which is: |
|
(1) |
not represented by an instrument and the transfer of which is registered on books maintained for that purpose
by or on behalf of the issuer, and |
|
(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. |
ICAP Bond |
|
Form 17-02-5602 (Ed. 10-03) |
Page 1 |
|
t. |
Withdrawal Order means a non-negotiable instrument, other than an Instruction, signed by a customer
of the ASSURED authorizing the ASSURED to debit the customer’s account in the amount of funds stated therein. |
This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2022.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: January 17, 2023 |
By |
/s/
Paul N. Morrissette |
|
|
Authorized Representative |
ICAP Bond |
|
Form 17-02-5602 (Ed. 10-03) |
Page 2 |
FEDERAL INSURANCE COMPANY
Endorsement No.: 6
Bond Number: 81906724
NAME
OF ASSURED: JOHN HANCOCK FUNDS |
|
AUTOMATED TELEPHONE TRANSACTION
ENDORSEMENT
It is agreed that this Bond is amended as follows:
|
1. |
By adding the following INSURING CLAUSE: |
|
13. |
Automated Telephone System Transaction |
Loss resulting directly from the ASSURED having
transferred funds on the faith of any Automated Phone System (APS) Transaction, where the request for such APS Transaction is
unauthorized or fraudulent and is made with the intent to deceive. In order for coverage to apply under this INSURING CLAUSE the ASSURED
shall maintain and follow all APS Designated Procedures. A single failure of the ASSURED to maintain and follow a particular APS
Designated Procedure in a particular APS Transaction will not preclude coverage under this INSURING CLAUSE.
|
2. |
By adding to Section 1., Definitions, the following: |
u. APS Designated Procedures means all of the following
procedures:
|
(1) |
No APS Transaction shall be executed unless the shareholder or unitholder to whose account such an
APS Transaction relates has previously elected to APS Transactions. (Election in Application) |
|
(2) |
All APS Transactions shall be logged or otherwise recorded and the records shall be retained for at least six (6) months. (Logging) |
Information contained in the records shall
be capable of being retrieved and produced within a reasonable time after retrieval of specific information is requested, at a success
rate of no less than 85 percent.
|
(3) |
The caller in any request for an APS Transaction, before executing that APS Transaction must
enter a personal identification number (PIN), social security number and account number. (Identity Test) |
If the caller fails to enter a correct PIN
within three (3) attempts, the caller must not be allowed additional attempts during the same telephone call to enter the PIN. The caller
may either be instructed to redial a customer service representative or may be immediately connected to such a representative. (Limited
attempts to Enter PIN)
ICAP Bond |
|
Form 17-02-2345 (Ed. 10-00) |
Page 1 |
|
(4) |
A written confirmation of any APS Transaction or change of address shall be mailed
to the shareholder or unitholder to whose account such transaction relates, at the record address, by the end of the insured’s next
regular processing cycle, but in no event later than five (5) business days following such APS Transaction. (Written Confirmation) |
|
(5) |
Access to the equipment which permits the entity receiving the APS Transaction request to process and
effect the transaction shall be limited in the following manner: |
(Access to APS Equipment)
|
v. |
APS Election means any election concerning various account features available to the shareholder or
unitholder which is made through the Automated Phone System by means of information transmitted by an individual caller through
use of a Automated Phone System. These features include account statements, auto exchange, auto asset builder, automatic withdrawal,
dividend/capital gain options, dividend sweep, telephone balance consent and change of address. |
|
w. |
APS Exchange means any exchange of shares or units in a registered account of one fund into shares
or units in an account with the same tax identification number and same ownership-type code of another fund in the same complex pursuant
to exchange privileges of the two funds, which exchange is requested through the Automated Phone System by means of information
transmitted by an individual caller through use of an Automated Phone System. |
|
x. |
APS Purchase means any purchase of shares or units issued by an Investment Company which is requested
through an Automated Phone System. |
|
y. |
APS Redemption means any redemption of shares or units issued by an Investment
Company which it requested through the telephone by means of information transmitted by an individual caller through use of a Automated
Phone System. |
|
z. |
APS Transaction means any APS Purchase, APS Redemption, APS Election or APS Exchange. |
|
aa. |
Automated Phone System means an automated system which receives and converts to
executable instructions transmissions through the Automated Phone System through use of a touch-tone keypad or other tone system;
and always excluding transmissions from a computer system or part thereof. |
|
3. |
By adding the following Section after Section 4., Specific Exclusions-Applicable To All Insuring Clauses Except
1., 4., 5.: |
Section 4.A.. Specific Exclusion-Applicable to Insuring Clause
13
This Bond does not directly or indirectly cover under Insuring
Clause 13:
ICAP Bond |
|
Form 17-02-2345 (Ed. 10-00) |
Page 2 |
Loss resulting from:
|
a. |
the redemption of shares or units, where the proceeds of such redemption are made payable to other than: |
|
(1) |
the shares or units of record, |
|
(2) |
a person designated to receive redemption proceeds, or |
|
(3) |
a bank account designated to receive redemption proceeds, or |
|
b. |
the redemption of shares or units, where the proceeds of such redemption are paid by check mailed to any address,
unless such address has either been designated the shareholder or unitholder by voice through an Automated Phone System or in writing,
at least thirty (30) days prior to such redemption, or |
|
c. |
the redemption of shares or units, where shareholder or unitholder of the ASSURED designated bank account of record. |
This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2022.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: January 17, 2023 |
By |
/s/
Paul N. Morrissette |
|
|
Authorized Representative |
ICAP Bond |
|
Form 17-02-2345 (Ed. 10-00) |
Page 3 |
FEDERAL INSURANCE COMPANY
Endorsement No.: 7
Bond Number: 81906724
NAME
OF ASSURED: JOHN HANCOCK FUNDS |
|
TELEFACSIMILE INSTRUCTION FRAUD
ENDORSEMENT
It is agreed that this Bond is amended as follows:
|
1. |
By adding the following INSURING CLAUSE: |
|
14. |
Telefacsimile Instruction |
Loss resulting directly from the ASSURED having
transferred, paid or delivered any funds or other Property or established any credit, debited any account or given any value on
the faith of any fraudulent instructions sent by a Customer, financial institution or another office of the ASSURED by Telefacsimile
directly to the ASSURED authorizing or acknowledging the transfer, payment or delivery of funds or Property or the establishment
of a credit or the debiting of an account or the giving of value by the ASSURED where such Telefacsimile instructions:
|
a. |
bear a valid test key exchanged between the ASSURED and a Customer or another financial institution
with authority to use such test key for Telefacsimile instructions in the ordinary course of business, but which test key has been
wrongfully obtained by a person who was not authorized to initiate, make, validate or authenticate a test key arrangement, and |
|
b. |
fraudulently purport to have been sent by such Customer or financial institution when such Telefacsimile
instructions were transmitted without the knowledge or consent of such Customer or financial institution by a person other than
such Customer or financial institution and which bear a Forgery of a signature, provided that the Telefacsimile instruction
was verified by a direct call back to an employee of the financial institution, or a person thought by the ASSURED to be the Customer,
or an employee of another financial institution. |
|
2. |
By deleting from Section 1., Definitions, the definition of Customer in its entirety, and substituting the following: |
ICAP Bond |
|
Form 17-02-2367 (Rev. 10-03) |
Page 1 |
|
d. |
Customer means an individual, corporate, partnership, trust customer, shareholder or subscriber of
an Investment Company which has a written agreement with the ASSURED for Voice Initiated Funds Transfer Instruction or Telefacsimile
Instruction. |
3. By adding to Section 1., Definitions,
the following:
|
bb. |
Telefacsimile means a system of transmitting written documents by electronic signals over telephone
lines to equipment maintained by the ASSURED for the purpose of reproducing a copy of said document. Telefacsimile does not mean
electronic communication sent by Telex or similar means of communication, or through an electronic communication system or through an
automated clearing house. |
|
4. |
By adding to Section 3., Specific Exclusions Applicable to All Insuring Clauses Except Insuring Clause 1. the
following: |
|
j. |
loss resulting directly or indirectly from Telefacsimile instructions provided, however, this exclusion
shall not apply to this INSURING CLAUSE. |
This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2022.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date:
January 17, 2023 |
By |
/s/
Paul N. Morrissette |
|
|
Authorized
Representative |
ICAP Bond |
|
Form 17-02-2367 (Rev. 10-03) |
Page 2 |
ICAP Bond |
|
Form 17-02-2367 (Rev. 10-03) |
Page 3 |
|
FEDERAL INSURANCE COMPANY |
|
|
|
Endorsement No.: 8 |
|
|
|
|
|
Bond Number: 81906724 |
|
|
|
|
NAME OF ASSURED: |
JOHN HANCOCK FUNDS |
|
|
|
|
STOP PAYMENT ORDER OR REFUSAL
TO PAY CHECK ENDORSEMENT
It is agreed that this Bond is amended as follows:
|
1. |
By adding the following INSURING CLAUSE: |
“15. Stop Payment Order or Refusal to Pay Check
Loss resulting directly from the ASSURED being legally liable to
pay compensatory damages for:
|
a. |
complying or failing to comply with notice from any customer of the ASSURED or any authorized representative
of such customer, to stop payment on any check or draft made or drawn upon or against the ASSURED by such customer or by any authorized
representative of such customer, or |
|
b. |
refusing to pay any check or draft made or drawn upon or against the ASSURED by any customer of the ASSURED or by any authorized representative
of such customer.” |
|
2. |
By adding the following Specific Exclusion: |
“Section 4.A. Specific Exclusions – Applicable to INSURING
CLAUSE 15
This Bond does not directly or indirectly cover:
|
a. |
liability assumed by the ASSURED by agreement under any contract, unless such liability would have attached to the ASSURED even in the
absence of such agreement, |
|
(1) |
libel, slander, wrongful entry, eviction, defamation, false arrest, false imprisonment, malicious prosecution, assault or battery, |
|
(2) |
sickness, disease, physical bodily harm, mental or emotional distress or anguish, or death of any person, or |
This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2022.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date:
January 17, 2023 |
By |
/s/
Paul N. Morrissette |
|
|
Authorized
Representative |
ICAP Bond |
|
Form 17-02-2365 (Ed. 10-00) |
|
FEDERAL INSURANCE COMPANY
Endorsement No.: 9
Bond Number: 81906724
NAME
OF ASSURED: JOHN HANCOCK FUNDS |
|
EXTENDED COMPUTER SYSTEMS ENDORSEMENT
It is agreed that this Bond is amended as follows:
|
1. |
By adding the following INSURING CLAUSE: |
|
16. |
Extended Computer Systems |
|
A. |
Electronic Data, Electronic Media, Electronic Instruction
Loss resulting directly from: |
|
(1) |
the fraudulent modification of Electronic Data, Electronic Media or Electronic Instruction being
stored within or being run within any system covered under this INSURING CLAUSE, |
|
(2) |
robbery, burglary, larceny or theft of Electronic Data, Electronic Media or Electronic Instructions, |
|
(3) |
the acts of a hacker causing damage or destruction of Electronic Data, Electronic Media or Electronic
Instruction owned by the ASSURED or for which the ASSURED is legally liable, while stored within a Computer System covered
under this INSURING CLAUSE, or |
|
(4) |
the damage or destruction of Electronic Data, Electronic Media or Electronic Instruction owned
by the ASSURED or for which the ASSURED is legally liable while stored within a Computer System covered under INSURING CLAUSE 8,
provided such damage or destruction was caused by a computer program or similar instruction which was written or altered to intentionally
incorporate a hidden instruction designed to damage or destroy Electronic Data, Electronic Media, or Electronic Instruction
in the Computer System in which the computer program or instruction so written or so altered is used. |
ICAP2 Bond |
|
Form 17-02-2976 (Ed. 1-02) |
Page 1 |
|
B. |
Electronic Communication |
Loss resulting directly from the ASSURED having
transferred, paid or delivered any funds or property, established any credit, debited any account or given any value on the faith of any
electronic communications directed to the ASSURED, which were transmitted or appear to have been transmitted through:
|
(1) |
an Electronic Communication System, |
|
(2) |
an automated clearing house or custodian, or |
|
(3) |
a Telex, TWX, or similar means of communication, |
directly into the ASSURED’S Computer
System or Communication Terminal, and fraudulently purport to have been sent by a customer, automated clearing house, custodian,
or financial institution, but which communications were either not sent by said customer, automated clearing house, custodian, or financial
institution, or were fraudulently modified during physical transit of Electronic Media to the ASSURED or during electronic transmission
to the ASSURED’S Computer System or Communication Terminal.
|
C. |
Electronic Transmission |
Loss resulting directly from a customer of
the ASSURED, any automated clearing house, custodian, or financial institution having transferred, paid or delivered any funds or property,
established any credit, debited any account or given any value on the faith of any electronic communications, purporting to have been
directed by the ASSURED to such customer, automated clearing house, custodian, or financial institution initiating, authorizing, or acknowledging,
the transfer, payment, delivery or receipt of funds or property, which communications were transmitted through:
|
(1) |
an Electronic Communication System, |
|
(2) |
an automated clearing house or custodian, or |
|
(3) |
a Telex, TWX, or similar means of communication, |
directly into a Computer System or
Communication Terminal of said customer, automated clearing house, custodian, or financial institution, and fraudulently purport
to have been directed by the ASSURED, but which communications were either not sent by the ASSURED, or were fraudulently modified during
physical transit of Electronic Media from the ASSURED or during electronic transmission from the ASSURED’S Computer System
or Communication Terminal, and for which loss the ASSURED is held to be legally liable.
ICAP2 Bond |
|
Form 17-02-2976 (Ed. 1-02) |
Page 2 |
|
2. |
By adding to Section 1., Definitions, the following: |
|
cc. |
Communication Terminal means a teletype, teleprinter or video display terminal, or similar device capable
of sending or receiving information electronically. Communication Terminal does not mean a telephone. |
|
dd. |
Electronic Communication System means electronic communication operations by Fedwire, Clearing House
Interbank Payment System (CHIPS), Society of Worldwide International Financial Telecommunication (SWIFT), similar automated interbank
communication systems, and Internet access facilities. |
|
ee. |
Electronic Data means facts or information converted to a form usable in Computer Systems and
which is stored on Electronic Media for use by computer programs. |
|
ff. |
Electronic Instruction means computer programs converted to a form usable in a Computer System to act upon Electronic
Data. |
|
gg. |
Electronic Media means the magnetic tape, magnetic disk, optical disk, or any other bulk media on which data is recorded. |
|
3. |
By adding the following Section after Section 4., Specific Exclusions-Applicable to All INSURING CLAUSES except 1., 4., and 5.: |
Section 4.A. Specific Exclusions-Applicable to INSURING CLAUSE
16
This Bond does not directly or indirectly cover:
|
a. |
loss resulting directly or indirectly from Forged, altered or fraudulent negotiable instruments, securities,
documents or written instruments used as source documentation in the preparation of Electronic Data; |
|
b. |
loss of negotiable instruments, securities, documents or written instruments except as converted to Electronic Data and then only
in that converted form; |
|
c. |
loss resulting from mechanical failure, faulty construction, error in design, latent defect, wear or tear,
gradual deterioration, electrical disturbance, Electronic Media failure or breakdown or any malfunction or error in programming
or error or omission in processing; |
|
d. |
loss resulting directly or indirectly from the input of Electronic Data at an authorized electronic
terminal of an Electronic Funds Transfer System or a Customer Communication System by a person who had authorized access
from a customer to that customer’s authentication mechanism; or |
|
e. |
liability assumed by the ASSURED by agreement under any contract, unless such liability would have attached to the ASSURED even in the
absence of such agreement; or |
|
f. |
loss resulting directly or indirectly from: |
|
(1) |
written instruction unless covered under this INSURING CLAUSE; or |
|
(2) |
instruction by voice over the telephone, unless covered under this INSURING CLAUSE. |
ICAP2 Bond |
|
Form 17-02-2976 (Ed. 1-02) |
Page 3 |
|
4. |
By adding to Section 9., Valuation, the following:
Electronic Data, Electronic Media, Or Electronic Instruction |
In case of loss of, or damage to, Electronic
Data, Electronic Media or Electronic Instruction used by the ASSURED in its business, the COMPANY shall be liable under this
Bond only if such items are actually reproduced form other Electronic Data, Electronic Media or Electronic Instruction of
the same kind or quality and then for not more than the cost of the blank media and/or the cost of labor for the actual transcription
or copying of data which shall have been furnished by the ASSURED in order to reproduce such Electronic Data, Electronic Media
or Electronic Instruction subject to the applicable SINGLE LOSS LIMIT OF LIABILITY.
However, if such Electronic Data can
not be reproduced and said Electronic Data represents Securities or financial instruments having a value, then the loss
will be valued as indicated in the SECURITIES and OTHER PROPERTY paragraphs of this Section.
This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2022.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date:
January 17, 2023 |
By |
/s/
Paul N. Morrissette |
|
|
Authorized
Representative |
ICAP2 Bond |
|
Form 17-02-2976 (Ed. 1-02) |
Page 4 |
ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: December 31, 2022 FEDERAL
INSURANCE COMPANY
Endorsement/Rider No. 10
To be attached to and
form a part of Bond No. 81906724
Issued to: JOHN HANCOCK FUNDS
AUTOMATIC INCREASE IN LIMITS ENDORSEMENT
In consideration of the premium charged, it
is agreed that General Agreements, Section C., Additional Offices or Employees-Consolidation, Merger or Purchase or Acquisition of Assets
or Liabilities-Notice to Company, is amended by adding the following:
If the ASSURED, while this Bond is in
force, establishes new funds other than by consolidation or merger with, or purchase or acquisition of assets or liabilities of, another
institution, such funds shall automatically be covered hereunder from the date of the establishment.
If the ASSURED, while this Bond is in force,
requires an increase in limits to comply with SEC Reg. 17g-1, due to an increase in assets, such increase shall automatically be covered
hereunder from the date of such increase, but only as excess coverage. Such excess coverage shall not exceed five million dollars ($5,000,000)
in additional limits and shall be excess of this Bond and of the following excess Bonds:
Carrier: ICI Mutual Insurance Company
Bond Number: 87142121B
Limits of Liability: $15,000,000 excess of $15,000,000
Bond Period: 12/31/2021 - 12/31/2022
Carrier: Continental Casualty Company
Bond Number: 652075432
Limits of Liability: $6,000,000 excess of $30,000,000
Bond Period: 12/31/2021 - 12/31/2022
The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Policy shall remain
unchanged.
|
|
/s/
Paul N. Morrissette |
|
|
Authorized Representative |
|
|
MS-342288 (03/2022) |
Page 1 of 1 |
ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: December 31, 2022 FEDERAL
INSURANCE COMPANY
Endorsement/Rider No. 11
To be attached to and
form a part of Bond No. 81906724
Issued to: JOHN HANCOCK FUNDS
AMEND DEFINITION OF EMPLOYEE ENDORSEMENT
In consideration of the premium charged, it is agreed that Section
1., Definitions, the term Employee is amended to include the following:
Any natural person while in the service of the ASSURED solely
while performing sub-advisory services for the ASSURED pursuant to a written contract.
The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
|
|
/s/
Paul N. Morrissette |
|
|
Authorized Representative |
|
|
Q07-1957 (08/2007) |
Page 1 |
ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: December 31, 2022 FEDERAL
INSURANCE COMPANY
Endorsement/Rider No. 12
To be attached to and
form a part of Bond No. 81906724
Issued to: JOHN HANCOCK FUNDS
DELETING VALUATION-OTHER PROPERTY AND AMENDING CHANGE
OR MODIFICATION ENDORSEMENT
In consideration of the premium charged, it is agreed that this Bond is
amended as follows:
|
1. |
The paragraph titled Other Property in Section 9, Valuation, is deleted in its entirety. |
|
2. |
The third paragraph in Section 16, Change or Modification, is deleted in its entirety and replaced with the
following: |
If this Bond is for a joint ASSURED, no change or modification
which would adversely affect the rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished
to all insured Investment Companies and the Securities and Exchange Commission, Washington, D.C., by the COMPANY.
The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
|
|
/s/
Paul N. Morrissette |
|
|
Authorized Representative |
|
|
17-02-2437 (12/2006) rev. |
Page 1 |
ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: December 31, 2022 FEDERAL
INSURANCE COMPANY
Endorsement/Rider No. 13
To be attached to and
form a part of Policy No. 81906724
Issued to: JOHN HANCOCK FUNDS
AMEND NAME OF ASSURED (NEW FUNDS) ENDORSEMENT
In consideration of the premium charged, is agreed that:
|
1. |
The NAME OF ASSURED, as set forth on the DECLARATIONS of this Bond, shall include any newly created, merged,
consolidated or terminated registered investment company sponsored by an ASSURED or any newly created portfolio of an ASSURED. Provided,
however, that this provision shall not apply to a registered investment company that is created as a result of a merger, consolidation
or acquisition with any other registered investment company. |
The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Policy shall remain
unchanged.
|
|
/s/ Paul N. Morrissette |
|
|
Authorized Representative |
|
|
Q09-1831 (11/2009) |
Page 1 |
ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: December 31, 2022 FEDERAL
INSURANCE COMPANY
Endorsement/Rider No. 14
To be attached to and
form a part of Bond No. 81906724
Issued to: JOHN HANCOCK FUNDS
AMEND DISCOVERY AND NOTICE ENDORSEMENT
In consideration of the premium charged, it is agreed that this Bond is
amended as follows:
(1) |
Section 6., Discovery, is deleted in its entirety and replaced it with the following: |
|
|
This Bond applies only to loss first discovered
by the President, General Counsel or Risk Manager of the ASSURED during the BOND PERIOD. Discovery occurs at the earlier of the President,
General Counsel or Risk Manager of the ASSURED 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 ASSURED 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.
|
(2) |
Section 7., Notice to Company-Proof-Legal Proceedings Against Company, is amended by deleting paragraph a.
and replacing it with the following: |
|
a. |
The ASSURED shall give the COMPANY notice thereof at the earliest practicable moment, not to exceed sixty
(60) days after discovery of loss by President, General Counsel or Risk Manager of the ASSURED, in an amount that is in excess of fifty
percent (50%) of the applicable DEDUCTIBLE AMOUNT, as stated in ITEM 2. of the DECLARATIONS. |
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
|
|
/s/
Paul N. Morrissette |
|
|
Authorized Representative |
|
|
14-02-14521 (08/2008) |
Page 1 |
Important Notice:
The SEC Requires Proof of Your Fidelity Insurance Policy
Your company is now required to file an electronic copy of your
fidelity insurance coverage (Chubb’s ICAP Bond policy) to the Securities and Exchange Commission (SEC), according to rules adopted
by the SEC on June 12, 2006.
Chubb is in the process of providing your agent/broker with an electronic
copy of your insurance policy as well as instructions on how to submit this proof of fidelity insurance coverage to the SEC. You can expect
to receive this information from your agent/broker shortly.
The electronic copy of your policy is provided by Chubb solely
as a convenience and does not affect the terms and conditions of coverage as set forth in the paper policy you receive by mail. The terms
and conditions of the policy mailed to you, which are the same as those set forth in the electronic copy, constitute the entire agreement
between your company and Chubb.
If you have any questions, please contact your agent or broker.
Form 14-02-12160 (ed. 7/2006)
|
FEDERAL INSURANCE COMPANY |
|
|
|
|
Endorsement No.: |
15 |
|
|
|
|
Bond Number: |
81906724 |
NAME OF ASSURED: JOHN HANCOCK FUNDS
DELETE AN ENDORSEMENT
It is agreed that this Bond is amended by deleting Endorsement Number(s)
2 in its entirety.
This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2022.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: |
March 3, 2023 |
By |
/s/ Paul N. Morrissette |
|
|
|
Authorized Representative |
ICAP Bond
Form 17-02-5647 (Ed. 11-03)
|
FEDERAL INSURANCE COMPANY |
|
|
|
Endorsement No: |
16 |
|
|
|
|
Bond Number: |
81906724 |
NAME OF ASSURED: JOHN HANCOCK FUNDS
NAME OF ASSURED ENDORSEMENT
It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to
read as follows:
JOHN HANCOCK FUNDS listed as the Named Assured on the Declarations
Page Includes the following and each of its series:
John Hancock Bond Trust
John Hancock California Tax-Free Income Fund
John Hancock Capital Series
John Hancock Collateral Trust
John Hancock Current Interest
John Hancock Exchange-Traded Fund Trust
John Hancock Financial Opportunities Fund
John Hancock Funds II
John Hancock Funds III
John Hancock Hedged Equity & Income Fund
John Hancock Income Securities Trust
John Hancock Investment Trust
John Hancock Investment Trust II
John Hancock Investors Trust
John Hancock Municipal Securities Trust
John Hancock Preferred Income Fund
John Hancock Preferred Income Fund II
John Hancock Preferred Income Fund III
John Hancock Premium Dividend Fund
John Hancock Sovereign Bond Fund
ICAP Bond
Form 17-02-0949 (Rev. 1-97) |
Page 1 |
John Hancock Strategic Series
John Hancock Tax-Advantaged Dividend Income Fund
John Hancock Tax-Advantaged Global Shareholder Yield Fund
John Hancock
Variable Insurance Trust
This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2022.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: |
March 3, 2023 |
By |
/s/ Paul N. Morrissette |
|
|
|
Authorized Representative |
ICAP Bond
Form 17-02-0949 (Ed. 1-97) |
Page 2 |
ICI MUTUAL INSURANCE COMPANY,
a Risk Retention Group
1401 H St. NW
Washington DC 20005
INVESTMENT COMPANY BLANKET BOND
(EXCESS)
ICI MUTUAL INSURANCE COMPANY,
a Risk Retention Group
1401 H St. NW
Washington, DC 20005
DECLARATIONS
NOTICE
This policy is issued by your risk retention group.
Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty
funds are not available for your risk retention group.
Item 1. |
Name of Insured (the “Insured”) |
Bond Number: |
|
John Hancock Funds |
87142122B |
|
|
|
|
Principal Office: |
Mailing Address: |
|
200 Berkeley Street |
c/o Aon Financial Services Group |
|
Boston, MA 02116 |
53 State Street, Suite 2201 |
|
|
Boston, MA 02109 |
| Item 2. | Bond Period: from 12:01 a.m. on December 31, 2022, to 12:01 a.m. on December 31, 2023, or
the earlier effective date of the termination of this Bond, standard time at the Principal Office as to each of said dates. |
Item 3. | | Limit of Liability— |
|
LIMIT OF LIABILITY |
DEDUCTIBLE AMOUNT 1 |
1. EMPLOYEE |
$15,000,000 |
$15,000,000 |
2. ON PREMISES |
$15,000,000 |
$15,000,000 |
3. IN TRANSIT |
$15,000,000 |
$15,000,000 |
4. FORGERY OR ALTERATION |
$15,000,000 |
$15,000,000 |
5. EXTENDED FORGERY |
$15,000,000 |
$15,000,000 |
6. COUNTERFEIT CURRENCY |
$15,000,000 |
$15,000,000 |
7. THREATS TO PERSONS |
$15,000,000 |
$15,000,000 |
8. COMPUTER SYSTEM |
$15,000,000 |
$15,000,000 |
9. VOICE-INITIATED FUNDS TRANSFER INSTRUCTION |
$15,000,000 |
$15,000,000 |
10. UNCOLLECTIBLE ITEMS OF DEPOSIT |
$15,000,000 |
$15,000,000 |
1 Plus
the applicable deductible of the Primary Bond
| Item 4. | PRIMARY BOND – Federal Insurance Company Bond No. 81906724 |
| Item 5. | The liability of ICI Mutual Insurance Company, a Risk Retention Group (the “Underwriter”)
is subject to the terms of the following Riders attached hereto: |
Riders: 1
and
of all Riders applicable to this Bond issued during the Bond Period.
|
|
|
By: |
/s/ Swenitha Nalli |
|
By: |
/s/ Catherine Dalton |
|
Authorized Representative |
|
|
Authorized Representative |
Excess Bond (10/15)
NOTICE
This policy is issued by your risk retention
group. Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency
guaranty funds are not available for your risk retention group.
ICI Mutual Insurance Company, a Risk Retention
Group (“Underwriter”), in consideration of the required premium, and in reliance on the application and all other information
furnished to the Underwriter by the Insured, and subject to and in accordance with the Declarations, General Agreements, Provisions, Conditions
and Limitations of this bond, agrees to indemnify the Insured for loss, discovered during the Bond Period, which would otherwise have
been paid under the Primary Bond but for the fact that the loss exceeds the limit of liability of such Primary Bond. Coverage under
this bond shall follow the terms and conditions of the Primary Bond, except with respect to:
| a. | Any coverage exceptions specified by riders attached to this bond; |
| b. | The deductible amounts and limits of liability as stated in ITEM 3. of the Declarations; and |
| c. | The
General Agreements, Provisions, Conditions and Limitations set forth herein. |
GENERAL AGREEMENTS
| A. | CHANGE OR MODIFICATION OF PRIMARY BOND |
If after the inception date of this bond
the Primary Bond is changed or modified, written notice of any such change or modification shall be given to the Underwriter as
soon as practicable, not to exceed thirty (30) days after such change or modification, together with such information as the Underwriter
may request. There shall be no coverage under this bond for any loss arising from or in any way related to such change or modification
until such time as the Underwriter is advised of and specifically agrees by written endorsement to provide coverage for such change or
modification.
| B. | LOSS--NOTICE--PROOF--LEGAL PROCEEDINGS |
This bond is for the use and benefit only
of the Insured and the Underwriter shall not be liable hereunder for loss sustained by anyone other than the Insured (except that if the
Insured includes such other loss in the Insured’s proof of loss, the Underwriter shall consider its liability therefor.) As soon
as practicable and not more than sixty (60) days after discovery of any loss covered hereunder, the Insured shall give the Underwriter
written notice thereof and, as soon as practicable and within one year after such discovery, shall also furnish to the Underwriter affirmative
proof of loss with full particulars. The Underwriter may extend the sixty day notice period or the one year proof of loss period if the
Insured requests an extension and shows good cause therefor.
The Underwriter shall not be liable hereunder
for loss of Securities unless each of the Securities is identified in such proof of loss by a certificate or bond number or by such identification
means as the Underwriter may require. The Underwriter shall have a reasonable period after receipt of a proper affirmative proof of loss
within which to investigate the claim, but where the loss is of Securities and is clear and undisputed, settlement shall be made within
forty-eight (48) hours even if the loss involves Securities of which duplicates may be obtained.
The Insured shall not bring legal proceedings
against the Underwriter to recover any loss hereunder prior to sixty (60) days after filing such proof of loss or subsequent to twenty-four
(24) months after the discovery of such loss or, in the case of a legal proceeding to recover hereunder on account of
Excess Bond (10/15)
any judgment against the Insured in or
settlement of any suit or to recover court costs or attorneys’ fees paid in any such suit, twenty-four (24) months after the date
of the final judgment in or settlement of such suit. If any limitation in this bond is prohibited by any applicable law, such limitation
shall be deemed to be amended to be equal to the minimum period of limitation permitted by such law.
Notice hereunder shall be given to Manager,
Professional Liability Claims, ICI Mutual Insurance Company, RRG, 1401 H St. NW, Washington, DC 20005,
with an electronic copy to LegalSupport@icimutual.com.
PROVISIONS, CONDITIONS AND LIMITATIONS
SECTION 1. DEFINITIONS
| a. | Deductible Amount means the amount stated in ITEM 3. of the Declarations, applicable to each Single
Loss. In no event shall this Deductible Amount be reduced for any reason, including but not limited to, the non-existence, invalidity,
insufficiency or uncollectibility of any Underlying Bond(s), including the insolvency or dissolution of any Insurer providing coverage
under any Underlying Bond(s). |
| b. | Primary Bond means the bond scheduled in ITEM 4. of the Declarations or any bond that may replace
or substitute for such bond. |
| (1) | all loss resulting from any one actual or attempted theft committed by one person, or |
| (2) | all loss caused by any one act (other than a theft or a dishonest or fraudulent act) committed by one
person, or |
| (3) | all loss caused by dishonest or fraudulent acts committed by one person, or |
| (4) | all expenses incurred with respect to any one audit or examination, or |
| (5) | all loss caused by any one occurrence or event other than those specified in subsections (1) through (4)
above. |
| d. | Underlying Bond means the Primary Bond and all other insurance coverage referred to in ITEM
4. of the Declarations. |
SECTION 2. SINGLE LOSS LIMIT OF LIABILITY
The Underwriter’s liability for
each Single Loss shall not exceed the Limit of Liability as stated in ITEM 3. of the Declarations.
SECTION 3. DISCOVERY
For all purposes under this bond, a loss
is discovered, and discovery of a loss occurs, when the Insured
| (1) | becomes aware of facts, or |
| (2) | receives notice of an actual or potential claim by a third party which alleges that the Insured is liable
under circumstances, which would cause a reasonable person to assume that loss covered by this bond has been or is likely to be incurred
even though the exact amount or details of loss may not be known. |
SECTION 4. ASSIGNMENT
OF RIGHTS
Upon payment to the Insured hereunder for
any loss, the Underwriter shall be subrogated to the extent of such payment to all of the Insured’s rights and claims in connection
with such loss; provided, however, that the Underwriter shall not be subrogated to any such rights or claims one named Insured under this
bond may have against another named Insured under this bond. At the request of the Underwriter, the Insured shall execute all assignments
or other documents and take such action as the Underwriter may deem necessary or desirable to secure and perfect such rights and claims,
including the execution of documents necessary to enable the Underwriter to bring suit in the name of the Insured.
Assignment of any rights or claims under
this bond shall not bind the Underwriter without the Underwriter’s written consent.
SECTION 5. COOPERATION OF INSURED
At the Underwriter’s request and
at reasonable times and places designated by the Underwriter the Insured shall:
| a. | submit to examination by the Underwriter and subscribe to the same under oath, and |
| b. | produce for the Underwriter’s examination all pertinent records, and |
| c. | cooperate with the Underwriter in all matters pertaining to the loss. |
The Insured shall execute all papers and
render assistance to secure for 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.
SECTION 6. TERMINATION
The Underwriter may terminate this bond
as to any Insured or all Insureds only by written notice to such Insured or Insureds and, if this bond is terminated as to any investment
company registered under the Investment Company Act of 1940, to each such investment company terminated thereby and to the Securities
and Exchange Commission, Washington, D.C., in all cases not less than sixty (60) days prior to the effective date of termination specified
in such notice.
The Insured may terminate this bond only
by written notice to the Underwriter not less than sixty (60) days prior to the effective date of the termination specified in such notice.
Notwithstanding the foregoing, when the Insured terminates this bond as to any investment company registered under the Investment Company
Act of 1940, the effective date of termination shall be not less than sixty (60) days from the date the Underwriter provides written notice
of the termination to each such investment company terminated thereby and to the Securities and Exchange Commission, Washington, D.C.
This bond will terminate as to any Insured
entity that is not an investment company registered under the Investment Company Act of 1940 immediately and without notice upon (1) the
takeover of such Insured’s business by any State or Federal official or agency, or by any receiver or liquidator, or (2) 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.
Premiums are earned until the effective
date of termination. The Underwriter shall refund the unearned premium computed at short rates in accordance with the Underwriter’s
standard short rate cancellation tables if this bond is terminated by the Insured or pro rata if this bond is terminated by the Underwriter.
Upon the detection by any Insured that
an employee (as defined in the Primary Bond) has committed any dishonest or fraudulent act(s) or theft, the Insured shall immediately
remove such employee from a position that may enable such employee to cause the Insured to suffer a loss by any subsequent dishonest or
fraudulent act(s) or theft. The Insured, within two (2) business days of such detection, shall notify the Underwriter with full and complete
particulars of the detected dishonest or fraudulent act(s) or theft.
For purposes of this section, detection
occurs when any partner, officer, or supervisory employee of any Insured, who is not in collusion with such employee, becomes aware that
the employee has committed any dishonest or fraudulent act(s) or theft.
This bond shall terminate as to any employee
(as defined in the Primary Bond) by written notice from the Underwriter to each Insured and, if such employee is an employee of
an Insured investment company registered under the Investment Company Act of 1940, to the Securities and Exchange Commission, in all cases
not less than sixty (60) days prior to the effective date of termination specified in such notice.
SECTION 7. CONFORMITY
If any limitation within this bond is prohibited
by any law controlling this bond’s construction, such limitation shall be deemed to be amended so as to equal the minimum period
of limitation provided by such law.
SECTION 8. CHANGE OR MODIFICATION
This bond may only be modified by written
Rider forming a part hereof over the signature of the Underwriter’s authorized representative. Any Rider which modifies the coverage
provided by Insuring Agreement A, Fidelity (or the equivalent insuring agreement) of the Primary Bond in a manner which adversely affects
the rights of an Insured investment company registered under the Investment Company Act of 1940 shall not become effective until at least
sixty (60) days after the Underwriter has given written notice thereof to the Securities and Exchange Commission, Washington, D.C., and
to each Insured investment company registered under the Investment Company Act of 1940 affected thereby.
SECTION 9. DEDUCTIBLE AMOUNT; LIMIT OF LIABILITY
The Underwriter shall not be liable under
any Insuring Agreement unless the amount of the loss covered thereunder, after deducting the net amount of all reimbursement and/or recovery
received by the Insured with respect to such loss (other than from the Primary Bond or from any other bond, suretyship or insurance
policy), shall exceed the applicable Deductible Amount; in such case the Underwriter shall be liable only for such excess, subject
to the applicable Limit of Liability and other agreements, provisions, conditions and limitations of this bond.
The maximum liability of the Underwriter
for any Single Loss covered by any Insuring Agreement under this bond shall be the Limit of Liability applicable to such Insuring Agreement,
subject to the applicable Deductible Amount and the other agreements, provisions, conditions and limitations of this bond.
SECTION 10. COMPLIANCE WITH APPLICABLE TRADE
AND ECONOMIC SANCTIONS
This bond shall not be deemed to provide
any coverage, and the Underwriter shall not be required to pay any loss or provide any benefit hereunder, to the extent that the provision
of such coverage, payment of such loss or provision of such benefit would cause the Underwriter to be in violation of any applicable trade
or economic sanctions, laws or regulations, including, but not limited to, any sanctions, laws or regulations administered and enforced
by the U.S. Department of Treasury Office of Foreign Assets Control (OFAC).
ICI MUTUAL INSURANCE COMPANY,
a Risk Retention Group
INVESTMENT COMPANY BLANKET BOND
(EXCESS BOND)
RIDER NO. 1
John Hancock Funds |
|
87142122B |
EFFECTIVE DATE |
BOND PERIOD |
AUTHORIZED REPRESENTATIVE |
|
|
|
December 31, 2022 |
December
31, 2022 to December 31, 2023 |
/s/
Catherine Dalton |
Most property and casualty insurers, including ICI
Mutual Insurance Company, a Risk Retention Group (“ICI Mutual”), are subject to the requirements of the Terrorism Risk Insurance
Act of 2002, as amended (the “Act”). The Act establishes a federal insurance backstop under which ICI Mutual and these other
insurers may be partially reimbursed by the United States Government for future “insured losses” resulting from certified
“acts of terrorism.” (Each of these bolded terms is defined by the Act.) The Act also places certain disclosure
and other obligations on ICI Mutual and these other insurers.
Pursuant to the Act, any future losses to ICI Mutual
caused by certified “acts of terrorism” may be partially reimbursed by the United Sates government under a formula
established by the Act. Under this formula, the United States government would generally reimburse ICI Mutual for the Federal Share of
Compensation of ICI Mutual’s “insured losses” in excess of ICI Mutual’s “insurer deductible”
until total “insured losses” of all participating insurers reach $100 billion (the “Cap on Annual Liability”).
If total “insured losses” of all property and casualty insurers reach the Cap on Annual Liability in any one calendar
year, the Act limits U.S. Government reimbursement and provides that the insurers will not be liable under their policies for their portions
of such losses that exceed such amount. Amounts otherwise payable under this Bond may be reduced as a result.
This Bond has no express exclusion for “acts
of terrorism.” However, coverage under this Bond remains subject to all applicable terms, conditions, and limitations of the
Bond (including exclusions) that are permissible under the Act.
The portion of the premium that is attributable to
any coverage potentially available under the Bond for “acts of terrorism” is one percent (1%) and does not include
any charges for the portion of loss that may be covered by the U.S. Government under the Act
As used herein, “Federal Share of Compensation” shall
mean 80% beginning on January 1, 2020.
Except as above stated, nothing herein shall be held to alter, waive or
extend any of the terms of this Bond.
RNX0053.1-01
(05/21)
![](https://content.edgar-online.com/edgar_conv_img/2023/03/09/0001133228-23-001169_image_003.jpg) |
DECLARATIONS
EXCESS
INSURANCE POLICY |
ACCOUNT
NUMBER |
319423 |
COVERAGE
PROVIDED BY (hereafter Insurer) |
Continental
Casualty Company |
POLICY
NUMBER |
652075432 |
Item
1: NAMED ENTITY AND PRINCIPAL ADDRESS |
PRODUCER |
John
Hancock Funds, LLC
601 Congress
St
Boston,
MA 02210 |
AON
RISK SERVICES NORTHEAST INC
53 STATE
ST FL 22
BOSTON,
MA 02109-2820 |
Attn: |
|
Alexander Miner |
Item
2. |
Policy
Period: |
12/31/2022
To 12/31/2023
12:01
a.m. Standard Time at the Principal Address stated in Item 1. |
Item
3. Limit of Liability
$6,575,000
maximum aggregate Limit of Liability under the Policy |
Item
4. |
Schedule
of Underlying Insurance: |
|
A.
Followed Policy |
|
Name
of Carrier |
Policy
No |
Limits |
Ded/Ret
Amount |
|
Federal
Insurance Company |
81906724 |
$15,000,000 |
$150,000 |
|
B.
Underlying Excess Policies: ***
SEE ATTACHED SCHEDULE ***
|
Item
5. |
Policy
Premium |
$19,845 |
|
|
|
|
|
Item
6. |
Notices
of Claims: |
All
other Notices: |
CNA
– Claims Reporting
P.O.
Box 8317
Chicago,
IL 60680-8317
Email
address: SpecialtyProNewLoss@cna.com
Fax
Number: 866-773-7504
|
Open
Brokerage Global Specialty Lines
CNA
Insurance Company
125
Broad Street – 8th Floor
New
York, NY 10004 |
Item
7.
| Endorsements
forming a part of this Policy at inception: |
|
|
|
|
|
|
|
|
|
|
|
These
Declarations, along with the completed and signed Application, the Policy, and any written endorsements attached thereto shall constitute
the contract between the Insureds and the Insurer.
Authorized
Representative: |
/s/
Dino Robusto |
|
Date: |
February
24, 2023 |
|
|
|
|
|
G-22076-B(c)
(ED. 06-10) |
1 |
|
|
|
|
|
©
CNA All Rights Reserved. |
|
UNDERLYING
EXCESS POLICY SCHEDULE
Name
of Carrier |
Policy
No. |
Limits |
Excess
of |
ICI
Mutual Insurance Company |
87142122B |
$15,000,000 |
$15,000,000 |
G-22076-B(c)
(ED. 06-10) |
2 |
|
|
|
|
|
©
CNA All Rights Reserved. |
|
![](https://content.edgar-online.com/edgar_conv_img/2023/03/09/0001133228-23-001169_image_003.jpg) |
EXCESS
INSURANCE POLICY |
Words
defined in the Followed Policy have the same meaning in this Policy even if not defined herein. In
consideration of the payment of the premium and in reliance upon the applications submitted to the Insurer or any insurer of the Underlying
Insurance, and any other material submitted in connection with such applications (all of which are deemed attached hereto and made a
part hereof) the Insurer and the Insureds agree as follows:
I. |
FOLLOW
FORM EXCESS COVERAGE |
The
Insurer shall provide coverage in accordance with all of the terms, conditions and limitations (including, but not limited to the exclusions
and notice requirements) of the policy scheduled in Item 4.A. of the Declarations (hereafter “Followed Policy”) except
as otherwise set forth herein. Coverage hereunder shall attach only after all of the aggregate Limits of Liability, as set forth in Item
4. of the Declarations have been exhausted through payment of covered loss under all policies scheduled in Item 4. of the Declarations
(hereafter “Underlying Insurance”) by or on behalf of the insurers of such Underlying Insurance, or by or on
behalf of the Insureds. The risk of uncollectibility of any Underlying Insurance (in whole or in part), whether because of financial
impairment or insolvency of an underlying insurer or for any other reason, is expressly retained by the Insureds and is not insured by
or assumed by the Insurer.
The
amount set forth in Item 3. of the Declarations shall be the maximum aggregate Limit of Liability of the Insurer for all loss under this
Policy, regardless of the number of claims made against the Insureds or the time of payment and regardless of whether or not an extended
reporting period applies. If the Limit of Liability under this Policy is exhausted by payment of loss, the Insurer’s obligations
under this Policy shall be deemed completely fulfilled and extinguished.
III. |
CHANGES
TO UNDERLYING INSURANCE/DEPLETION OF SUB-LIMITS |
If,
subsequent to the inception date of this Policy, there is a change to any Underlying Insurance which expands coverage, then this
Policy shall become subject to such change only if the Insurer agrees thereto by written endorsement to this Policy. If any loss under
any Underlying Insurance is subject to a sub-limit, then this Policy provides no coverage excess of such Underlying Insurance
sub-limit, but the Underlying Insurance shall be deemed depleted by payment of any such sub-limit.
IV. |
INSURER
RIGHTS/COOPERATION CLAUSE |
The
Insurer has the same rights and protections as has the insurer of the Followed Policy and has the right, but not the obligation,
at its sole discretion, to elect to participate in the investigation, settlement, prosecution or defense of any claim reasonably likely
to attach to and be covered under this Policy or any Underlying Insurance, even if the Underlying Insurance has not been
exhausted. The Insureds shall cooperate with the Insurer in such investigation, settlement, prosecution or defense and shall do nothing
that prejudices the Insurer’s position or rights of recovery.
Where
notice is permitted or required by the Followed Policy, the Insureds have the same rights and obligations to notify the Insurer
under this Policy, except that such notice shall be given to the Insurer at the applicable address specified in Item 6. of the Declarations.
IN
WITNESS WHEREOF, the Insurer has caused this Policy to be executed by its Chairman and Secretary, but this Policy shall not be binding
upon us unless completed by the attachment of the Declarations:
Chairman |
|
Secretary |
|
|
|
/s/
Dino Robusto |
|
/s/
Stathy Darcy |
|
|
|
G-22075-B
(Ed. 06-10) |
-
1 - |
|
|
|
|
|
©
CNA All Rights Reserved. |
|
G-22075-B
(Ed. 02/10) |
-
2 - |
|
|
|
|
|
©
CNA All Rights Reserved. |
|
John Hancock Bond Trust |
John Hancock Financial Opportunities Fund |
John Hancock California Tax-Free Income Fund |
John Hancock Hedged Equity & Income Fund |
John Hancock Capital Series |
John Hancock Income Securities Trust |
John Hancock Collateral Trust |
John Hancock Investors Trust |
John Hancock Current Interest |
John Hancock Preferred Income Fund |
John Hancock Exchange-Traded-Fund Trust |
John Hancock Preferred Income Fund II |
John Hancock Funds II |
John Hancock Preferred Income Fund III |
John Hancock Funds III |
John Hancock Premium Dividend Fund |
John Hancock Investment Trust |
John Hancock Tax-Advantaged Dividend Income Fund |
John Hancock Investment Trust II |
John Hancock Tax-Advantaged Global shareholder Yield Fund |
John Hancock Municipal Securities Trust |
|
John Hancock Sovereign Bond Fund |
|
John Hancock Strategic Series |
|
John Hancock Variable Insurance Trust |
|
(Collectively referred to as the “Trusts”
and the series are collectively referred to as the “Funds”)
2022-2023 Joint Financial Institutions (Fidelity)
Bond (the “Joint Bond”) as approved December 7, 2022
WHEREAS, Rule 17g-1 under the 1940 Act governs
the required bonding of the Trusts’ officers and employees under a joint fidelity bond;
WHEREAS, the Trustees desire to approve the
Joint Bond for a one- year term ending December 31, 2023; and
WHEREAS, the Trustees of the Trusts have considered
the allocation of premiums for the Joint Bond among the John Hancock Trusts and have determined that the allocation should be based on
the premium (including tax) of $123,456 it is:
RESOLVED, that the Joint Bond issued by Federal
Insurance Company (Chubb), ICI Mutual Insurance Company and Continental Casualty Insurance Company, covering each officer and employee
of the Trusts against larceny and embezzlement, in the amount of $36.575 million for a one-year term ending December 31, 2023,
and in the proposed form presented at this meeting, after consideration of all factors deemed relevant by the Board, including, but not
limited to: (i) the expected value of the aggregate assets of the Trusts to which any officer or employee of such Trusts may have access;
(ii) the type and terms of the arrangements made for the custody and safekeeping of such assets; and (iii) the nature of the securities
in the John Hancock Trusts’ portfolios, be, and it hereby is, determined to be reasonable in form and amount, and hereby approved;
FURTHER RESOLVED, that the portion of the premium
for the Joint Bond to be paid by each Trust, in substantially the form presented at this Meeting, after consideration of all factors deemed
relevant by the Board, including, but not limited to: (i) the number of the other parties named as insureds; (ii) the nature of the business
activities of such other parties; (iii) the amount of the Joint Bond; (iv) the amount of the premium for such Joint Bond; (v) the ratable
allocation of the premium among all parties named as insureds; and (vi) the extent to which the share of the premium allocated to each
Trust is less than the premium such Trust would have had to pay if it had provided and maintained a single insured bond, be, and it hereby
is, approved; and
FURTHER RESOLVED, that the appropriate officers
of the Trusts be, and each hereby is, authorized to increase the amount of the Joint Bond coverage from time to time to ensure adequate
coverage based upon the value of the Trusts’ assets and to enable the Trusts to remain in compliance with the 1940 Act and the rules
promulgated thereunder;
FURTHER RESOLVED, that the Joint Insured Bond
Agreement among the Trusts (the “Joint Bond Agreement”), in substantially the form presented at this Meeting, providing in
substance that, in the event any recovery is received under the Joint Bond as a result of a loss sustained by the Trusts and any one or
more other named insureds, the Trusts shall receive an equitable and proportionate share of the recovery, but in no event less than the
amount it would have received had it provided and maintained a single bond with the minimum coverage required by paragraph (d)(1) of Rule
17g-1 under the 1940 Act, be, and it hereby is, approved;
FURTHER RESOLVED, that the Secretary of the
Trusts or his delegate be, and each hereby is, authorized to make all necessary filings and give all notices and information with respect
to such Joint Bond and the Joint Bond Agreement required by paragraph (g) of Rule 17g-1 under the 1940 Act; and
FURTHER RESOLVED, that the appropriate officers
of the Trusts be, and each hereby is, authorized to make any and all payments and to do any and all such further acts, in the name of
the Trusts and on its behalf, as they, or any of them, may determine to be necessary or desirable and proper, with the advice of counsel,
in connection with or in furtherance of the foregoing resolutions.
Agreement Relating to Joint Insured Bond
WHEREAS, each of the parties hereto is a named insured
under a “joint insured bond,” as that term is defined in Rule 17g-1 under the Investment Company Act of 1940 (the “1940
Act”); and
WHEREAS, Rule 17g-1(f) under the 1940 Act requires an
agreement between all the named insureds under a joint insured bond;
NOW, THEREFORE, the parties hereto hereby agree as follows:
In the event recovery is received under the joint insured
bond as a result of a loss sustained by any two or more of the named insureds, each insured shall receive an equitable and proportionate
share of the recovery, but at least equal to the amount which it would have received had it provided and maintained a single insured bond
with the minimum coverage required by paragraph (d)(1) of Rule 17g-1 under the 1940 Act.
IN WITNESS WHEREOF, each of the parties hereto has caused
this Agreement to be executed on its behalf by the undersigned thereunto duly authorized on January 6, 2021.
JOHN HANCOCK BOND TRUST
on behalf of each of its series |
|
JOHN HANCOCK CAPITAL SERIES
on behalf of each of its series |
|
JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND
on behalf of each of its series |
|
JOHN HANCOCK COLLATERAL TRUST
On behalf of each of its series |
|
JOHN HANCOCK CURRENT INTEREST
on behalf of each of its series |
|
JOHN HANCOCK EXCHANGE-TRADED FUND TRUST
on behalf of each of its series |
|
JOHN HANCOCK FUNDS II
on behalf of each of its Series |
|
John HANCOCK FUNDS III
on behalf of each of its series |
|
JOHN HANCOCK INVESTMENT TRUST
on behalf of each of its series |
|
JOHN HANCOCK INVESTMENT TRUST II
on behalf of each of its series |
|
JOHN HANCOCK MUNICIPAL SERIES TRUST
on behalf of each of its series |
JOHN HANCOCK SOVEREIGN BOND FUND
on behalf of its of its series |
|
JOHN HANCOCK STRATEGIC SERIES
on behalf of each of its series |
|
JOHN HANCOCK VARIABLE INSURANCE TRUST
on behalf of each of its Series |
|
JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND
|
|
JOHN HANCOCK HEDGED EQUITY & INCOME FUND
|
|
JOHN HANCOCK INCOME SECURITIES TRUST
|
|
JOHN HANCOCK INVESTORS TRUST
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JOHN HANCOCK PREFERRED INCOME FUND
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JOHN HANCOCK PREFERRED INCOME FUND II
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JOHN HANCOCK PREFERRED INCOME FUND III
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JOHN HANCOCK PREMIUM DIVIDEND FUND
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JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND
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JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD
FUND
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Executed on behalf of each Trust and its relevant Series
referenced above:
By: |
/s/ Betsy Anne Seel |
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Name: |
Betsy Anne Seel |
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Title: |
Assistant Secretary |
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STATEMENT REGARDING SINGLE BOND AMOUNT
If the investment companies shown below had not been named as an insured
under this joint insured bond, they would have provided and maintained a single bond in the amount of at least:
John Hancock Bond Trust |
$2,500,000 |
John Hancock California Tax-Free Income Fund |
$750,000 |
John Hancock Capital Series |
$2,500,000 |
John Hancock Collateral Trust |
$1,900,000 |
John Hancock Current Interest |
$1,250,000 |
John Hancock Exchange-Traded Fund Trust |
$2,500,000 |
John Hancock Financial Opportunities Fund |
$1,000,000 |
John Hancock Funds II |
$2,500,000 |
John Hancock Funds III |
$2,500,000 |
John Hancock Hedged Equity & Income Fund |
$525,000 |
John Hancock Income Securities Trust |
$600,000 |
John Hancock Investment Trust |
$2,500,000 |
John Hancock Investment Trust II |
$1,500,000 |
John Hancock Investors Trust |
$600,000 |
John Hancock Municipal Securities Trust |
$1,000,000 |
John Hancock Preferred Income Fund |
$900,000 |
John Hancock Preferred Income Fund II |
$900,000 |
John Hancock Preferred Income Fund III |
$900,000 |
John Hancock Premium Dividend Fund |
$1,000,000 |
John Hancock Sovereign Bond Fund |
$2,500,000 |
John Hancock Strategic Series |
$1,500,000 |
John Hancock Tax-Advantaged Dividend Income Fund |
$1,250,000 |
John Hancock Tax-Advantaged Global Shareholder Yield Fund |
$400,000 |
John Hancock Variable Insurance Trust |
$2,500,000 |
PREMIUM PERIOD
Premiums have been paid for the period December 31, 2022 to December
31, 2023.
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