<SEC-DOCUMENT>0000930413-25-003203.txt : 20251008
<SEC-HEADER>0000930413-25-003203.hdr.sgml : 20251008
<ACCEPTANCE-DATETIME>20251008111223
ACCESSION NUMBER:		0000930413-25-003203
CONFORMED SUBMISSION TYPE:	40-17G
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20251008
DATE AS OF CHANGE:		20251008
EFFECTIVENESS DATE:		20251008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAZARD FUNDS INC
		CENTRAL INDEX KEY:			0000874964
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06312
		FILM NUMBER:		251381519

	BUSINESS ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112
		BUSINESS PHONE:		2126326000

	MAIL ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAZARD GLOBAL TOTAL RETURN & INCOME FUND INC
		CENTRAL INDEX KEY:			0001278211
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21511
		FILM NUMBER:		251381521

	BUSINESS ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112
		BUSINESS PHONE:		2126326000

	MAIL ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GLOBAL EQUITY CURRENCY FUND INC
		DATE OF NAME CHANGE:	20040130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lazard Active ETF Trust
		CENTRAL INDEX KEY:			0002051630
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-24041
		FILM NUMBER:		251381520

	BUSINESS ADDRESS:	
		STREET 1:		C/O LAZARD ASSET MANAGEMENT LLC
		STREET 2:		30 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112
		BUSINESS PHONE:		(800) 823-6300

	MAIL ADDRESS:	
		STREET 1:		C/O LAZARD ASSET MANAGEMENT LLC
		STREET 2:		30 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAZARD RETIREMENT SERIES INC
		CENTRAL INDEX KEY:			0001033669
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-08071
		FILM NUMBER:		251381522

	BUSINESS ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
		BUSINESS PHONE:		212-632-6000

	MAIL ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
</SEC-HEADER>
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<TYPE>40-17G
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<FILENAME>c114195_4017g.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">October 8, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>VIA EDGAR</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Securities and Exchange Commission<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">Re:</TD><TD><U>Rule 17</U>g<U>-1 Fidelit</U>y <U>Bond Filin</U>g <U>for the followin</U>g <U>investment companies </U>(<U>each</U>, <U>a &ldquo;fund&rdquo;</U>):<BR>
Lazard Active ETF Trust (File Nos. 811-24041; 333-285466)<BR>
Lazard Global Total Return and Income Fund, Inc. (File Nos. 811-21511; 333-112768)<BR>
Lazard Retirement Series, Inc. (File Nos. 811-08071; 333-22309)<BR>
The Lazard Funds, Inc. (File Nos. 811-06312; 33-40682)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">To Whom It May Concern:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Enclosed for filing, pursuant to Rule 17g-1
under the Investment Company Act of 1940, as amended (the &ldquo;1940 Act&rdquo;), please find the following information with respect
to the above-captioned funds. Please note the following for the Securities and Exchange Commission&rsquo;s records:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">1. A copy of a joint Investment
Company Bond issued by Federal Insurance Company (the &ldquo;Bond&rdquo;), which lists the funds as insureds, is enclosed under Exhibit
99-1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">2. A certificate of the
funds&rsquo; Assistant Secretary in which he attests to the authenticity and accuracy of resolutions adopted by the members of each fund&rsquo;s
Board (including those members who are not &ldquo;interested persons,&rdquo; as defined in the 1940 Act, of the fund) which authorize
the purchase of a joint bond in a form and in an amount which is consistent with Rule 17g-1 under the 1940 Act, is enclosed under Exhibit
99-2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">3. The Bond premium has
been paid for the coverage period from October 1, 2025 to October 1, 2026, and the Bond is written for a $9,300,000 limit of liability.
Had each fund not been named as an insured under the Bond, each of the funds would have provided and maintained a separate bond in an
amount at least equal to the amount listed in Schedule A, attached hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">4. A copy of the agreement
among the funds entered into pursuant to paragraph (f) of Rule 17g-1 is enclosed under Exhibit 99-3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>/s/ Robert Spiro<BR>
</U>Robert Spiro</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-transform: uppercase; text-align: center"><FONT STYLE="text-transform: none">Schedule
A</FONT></P>

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    <TD STYLE="width: 63%; border: #BFBFBF 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><U>Fund</U></FONT></TD>
    <TD STYLE="width: 37%; border-top: #BFBFBF 1pt solid; border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><U>Sin</U>g<U>le Insured Bond Covera</U>ge</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Lazard Active ETF Trust</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$ 600,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Lazard Global Total Return and Income Fund, Inc.</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$ 600,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Lazard Retirement Series, Inc.</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$ 900,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">The Lazard Funds, Inc.</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$ 2,500,000</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt">&nbsp;</P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c114195_ex99-1.htm
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   <TITLE>j06045133_2025.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
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<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
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<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">DECLARATIONS</FONT></B></TD>
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<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">FEDERAL INSURANCE COMPANY</FONT></B></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Incorporated under the laws of Indiana, a stock</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Name of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">:</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">insurance company, herein called the Company</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">THE LAZARD FUNDS, INC.</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">One American Square 202 N Illinois Street,</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Address of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">:</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Suite 2600</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">30 ROCKEFELLER PLAZA</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Indianapolis, IN 46282</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">NEW YORK, NY 10020</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Bond Number: J06045133</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Item 1.</FONT></TD>
	<TD align=left colspan=3 style="TEXT-INDENT:1.149994pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Bond Period:</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">From:</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">October 1, 2025</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">To:</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">October 1, 2026</FONT></TD>
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&nbsp;</TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">At 12:01 A.M. local time at the Address of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Item 2.</FONT></TD>
	<TD align=left colspan=7 style="TEXT-INDENT:1.149994pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Single Loss Limits Of Liability &#150; Deductible Amounts:</FONT></TD>
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<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Insuring Clause</FONT></B></TD>
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&nbsp;</TD>
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<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Single Loss Limit Of</FONT></B></TD>
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&nbsp;</TD>
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<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Deductible Amount</FONT></B></TD>
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<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Liability</FONT></B></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">1</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Employee</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:33.225922pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9,300,000</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:12.025940pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">0</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">2</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">On Premises</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:33.225922pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9,300,000</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:12.025940pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">25,000</FONT></TD>
</TR>
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&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">In Transit</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:33.225922pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9,300,000</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:12.025940pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">25,000</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Forgery Or Alteration</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:33.225922pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9,300,000</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:12.025940pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">25,000</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">5</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Extended Forgery</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:33.225922pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9,300,000</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:12.025940pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">25,000</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">6</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Counterfeit Money</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:33.225922pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9,300,000</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:12.025940pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">25,000</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">7</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Computer System Fraud</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:33.225922pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9,300,000</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:12.025940pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">25,000</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">8</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Claims Expense</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:27.136017pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Not Covered</FONT></TD>
	<TD align=right>
&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:5.936005pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Not Covered</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Audit Expense</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:33.225922pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">100,000</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:12.025940pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">5,000</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">10. Uncollectible Items Of Deposit</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:33.225922pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">100,000</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:12.025940pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">5,000</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">11</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Voice Initiated Funds Transfer</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:33.225922pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9,300,000</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#36;</FONT></TD>
	<TD align=left style="TEXT-INDENT:12.025940pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">25,000</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Instruction</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903D (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 1 of 2</FONT></P>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=100%></TD></TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:317.237976pt">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;" style="TEXT-INDENT:312.855988pt">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">IN WITNESS WHEREOF, the Company has caused this Bond to be signed by its Authorized Officers, but it shall</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">not be valid unless also signed by a duly authorized representative of the Company.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=center>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">FEDERAL INSURANCE COMPANY</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<IMG src="j06045133_2025x3x1.jpg" border=0>
<BR>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903D (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 2 of 2</FONT></P>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=100%></TD></TR>
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	<TD align=left style="border-bottom:1px solid #000000;" style="TEXT-INDENT:378.411011pt">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Important Notice</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">The SEC Requires Proof of Your Fidelity Insurance Policy</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Your company is now required to file an electronic copy of your fidelity insurance coverage (Chubb&#146;s ICAP Bond</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">policy) to the Securities and Exchange Commission (SEC), according to rules adopted by the SEC on June 12,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">2006.</FONT></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Chubb is in the process of providing your agent/broker with an electronic copy of your insurance policy as well as</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">instructions on how to submit this proof of fidelity insurance coverage to the SEC. You can expect to receive this</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">information from your agent/broker shortly.</FONT></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The electronic copy of your policy is provided by Chubb solely as a convenience and does not affect the terms and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">conditions of coverage as set forth in the paper policy you receive by mail. The terms and conditions of the policy</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">mailed to you, which are the same as those set forth in the electronic copy, constitute the entire agreement</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">between your company and Chubb.</FONT></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If you have any questions, please contact your agent or broker.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">14-02-12160 (08/19)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 1 of 1</FONT></P>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=2%></TD>
     <TD width=97%></TD></TR>
<TR valign="bottom">
	<TD align=center colspan=2>
<B><FONT size=4 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Notice of Loss Control Services</FONT></B></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=2>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Insuring Company: Federal Insurance Company</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=2>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">As a Chubb policyholder, you have loss prevention information and/or services available to you, as</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=2>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">listed in this Notice. You may order any brochure by email to </FONT><FONT color="#0000ff" size=2 face="Arial,Arial,Helvetica,sans-serif">formsordering@chubb.com </FONT><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">and to view</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=2 style="border-bottom:1px solid #000000;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">our full suite of loss prevention brochures/services go to </FONT><FONT color="#0000ff" size=2 face="Arial,Arial,Helvetica,sans-serif">www.chubb.com/us/fl-lossprevention</FONT></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=2>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Directors and Officers (D&amp;O) Liability Loss Prevention Services</FONT></B></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><I><FONT size=2 face="Arial-BoldItalicMT,Arial,Helvetica,sans-serif">Directors and Officers Liability Loss Prevention </FONT></I></B><B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Manuals:</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Directors and Officers Liability Loss Preventions &#150; #14-01-0035</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Directors and Officers Securities Litigation Loss Preventions &#150; #14-01-0448</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Director Liability Loss Prevention in Mergers and Acquisitions &#150; #14-01-1099</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Directors and Officers Liability Loss Prevention for Not-for-Profit- -#14-01-0036</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Cyber Loss Mitigation for Directors -#14-01-1199</FONT></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=2>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Employment Practices Liability (EPL) Loss Prevention Services</FONT></B></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Toll-free Hot Line</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Have a question on how to handle an employment situation? Simply call </FONT><B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">1.888.249.8425 </FONT></B><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">to access</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">the nationally known employment law firm of Jackson Lewis P.C. We offer customers an unlimited</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">number of calls to the hot line at no additional charge.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">ChubbWorks.com</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">ChubbWorks.com is a web-based platform that offers multiple services including overviews of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">employment laws, sample employment policies and procedures, and on-line training. To gain</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left><FONT STYLE="font-family: Arial,Arial,Helvetica,sans-serif; font-size: x-small">immediate access to ChubbWorks go to
 </FONT><FONT STYLE="font-family: Arial-BoldMT,Arial,Helvetica,sans-serif; font-size: x-small; color: Blue"><B>www.chubbworks.com</B></FONT><B>
 <FONT STYLE="font-family: Arial-BoldMT,Arial,Helvetica,sans-serif; font-size: x-small"></FONT></B><FONT STYLE="font-family: Arial,Arial,Helvetica,sans-serif; font-size: x-small">and
 register using your policy</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">number.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><I><FONT size=2 face="Arial-BoldItalicMT,Arial,Helvetica,sans-serif">Employment Practices Loss Prevention Guidelines </FONT></I></B><B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Manual</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<I><FONT size=2 face="Arial-ItalicMT,Arial,Helvetica,sans-serif">Employment Practices Loss Prevention Guidelines - #14-01-0061</FONT></I></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Loss Prevention Consultant Services</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Chubb has developed a network of more than 120 law firms, human resources consulting firms, and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">labor economist/statistical firms that offer specialized services for employment issues.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Public Company EPL Customers</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Employment Practices Loss Prevention Guidelines &#150; Written by Seyfarth Shaw exclusively for</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Chubb this manual provides an overview of key employment issues faced by for-profit companies</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">and offers proactive idea for avoiding employment lawsuits.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Private Company EPL Customers</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Employment Practices Loss Prevention Guidelines &#150; Written by Seyfarth Shaw exclusively for</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Chubb this manual provides an overview of key employment issues for &#150;profit companies and offers</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">proactive idea for avoiding employment lawsuits.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">14-02-23030 (05/2018)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Page 1 of 2</FONT></P>

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     <TD width=97%></TD></TR>
<TR valign="bottom">
	<TD align=center colspan=2>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Fiduciary Liability Loss Prevention Services</FONT></B></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
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<TR valign="bottom">
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<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Fiduciary Liability Loss Prevention Manual</FONT></B></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Who May Sue You and Why: How to Reduce Your ERISA Risks and the Role of Fiduciary</FONT></TD>
</TR>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Liability Insurance #14-01-1019</FONT></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=2>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Crime Loss Prevention Services</FONT></B></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Crime/Kidnap, Ransom &amp; Extortion Loss Prevention Manual</FONT></B></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Preventing Fraud: How Anonymous Hotlines Can Help #14-01-1090</FONT></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=2>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Cyber Security Loss Prevention Services</FONT></B></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Visit: </FONT><FONT color="#0000ff" size=2 face="Arial,Arial,Helvetica,sans-serif">https://www2.chubb.com/us-en/business-insurance/cyber-security.aspx </FONT><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">to learn more</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">about Chubb&#146;s Cyber Services for our policyholders.</FONT></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=center>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Health Care Directors and Officers (D&amp;O) Liability Loss Prevention Services</FONT></B></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Readings in Health Care Governance Manual</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Readings in Health Care Governance -#14-01-0788</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">ChubbWorks.com</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">ChubbWorks.com for Health Care Organizations &#150; The Health Care Zone is a free online</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">resource containing health care specific loss prevention information for employment practices</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">liability, directors and officers (D&amp;O) liability, and fiduciary liability exposures. To gain</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left><FONT STYLE="font-family: Arial,Arial,Helvetica,sans-serif; font-size: x-small">immediate access to ChubbWorks go to
 </FONT><FONT STYLE="font-family: Arial-BoldMT,Arial,Helvetica,sans-serif; font-size: x-small; color: Blue"><B>www.chubbworks.com</B></FONT><B>
 <FONT STYLE="font-family: Arial-BoldMT,Arial,Helvetica,sans-serif; font-size: x-small"></FONT></B><FONT STYLE="font-family: Arial,Arial,Helvetica,sans-serif; font-size: x-small">and
 register using your policy</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">number.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#149;</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">Health Care D&amp;O Loss Prevention Consultant Services</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Health Care D&amp; O Loss Prevention Consultant Services- #14-01-1164</FONT></TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=2>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=2>
<I><FONT size=2 face="Arial-ItalicMT,Arial,Helvetica,sans-serif">--------------------</FONT></I></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=2>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">The services provided are advisory in nature. While this program is offered as a resource in</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=2>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">developing or maintaining a loss prevention program, you should consult competent legal counsel</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=2>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">to design and implement your own program. No liability is assumed by reason of the services,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=2>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">access or information provided. All services are subject to change without notice.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">14-02-23030 (05/2018)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Page 2 of 2</FONT></P>

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	<TD align=center>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Chubb Producer Compensation</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=center>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Practices &amp; Policies</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Chubb believes that policyholders should have access to information about Chubb's practices and policies related</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to the payment of compensation to brokers and independent agents. You can obtain that information by accessing</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">our website at </FONT><FONT color="#0000ff" size=2 face="Georgia,Arial,Helvetica,sans-serif">http://www.chubbproducercompensation.com </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or by calling the following toll-free telephone</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">number:</FONT></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">1-866-512-2862.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">ALL-20887a (09/19)</FONT></P>

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<TR>
     <TD width=100%></TD></TR>
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	<TD align=left style="TEXT-INDENT:302.400024pt">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Trade or Economic</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;" style="TEXT-INDENT:302.400024pt">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Sanctions Notice</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center>
<B><FONT size=3 face="Georgia-Bold,Arial,Helvetica,sans-serif">TRADE OR ECONOMIC SANCTIONS NOTICE</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This insurance does not apply to the extent that trade or economic sanctions or other laws or regulations prohibit</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">us from providing insurance, including, but not limited to, the payment of claims. All other terms and conditions</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of the policy remain unchanged.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">ALL-21101 (09/19)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 1 of 1</FONT></P>

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     <TD width=2%></TD>
     <TD width=95%></TD></TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">IMPORTANT NOTICE TO</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:3px double #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:3px double #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:3px double #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">POLICYHOLDERS</FONT></B></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=3>
<B><FONT size=5 face="Georgia-Bold,Arial,Helvetica,sans-serif">Social Engineering Tips</FONT></B></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=3 style="border-bottom:1px solid #000000;">
<B><FONT size=5 face="Georgia-Bold,Arial,Helvetica,sans-serif">Please read!</FONT></B></TD>
</TR>
<TR>
	<TD colspan=3><HR noshade size=1></TD></TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=center>
<B><FONT size=3 face="Georgia-Bold,Arial,Helvetica,sans-serif">HAVE YOU BEEN TRICKED INTO WIRE FRAUD? TAKE IMMEDIATE ACTION!</FONT></B></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If you believe you have transferred funds to a criminal posing as a legitimate business associate, you should act</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">quickly:</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Immediately contact the originating bank and </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">request a recall of the wire transfer </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and confirm that</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">recall in writing.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=right><FONT STYLE="font-family: Georgia,Arial,Helvetica,sans-serif; font-size: x-small">Immediately file a </FONT><FONT STYLE="font-family: Georgia-Bold,Arial,Helvetica,sans-serif; font-size: x-small"><B>complaint
 with the FBI </B></FONT><FONT STYLE="font-family: Georgia,Arial,Helvetica,sans-serif; font-size: x-small">at <FONT STYLE="color: Blue">www.ic3.gov</FONT>.
 This reporting triggers the FBI&#146;s Recovery Asset</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Team and the FBI&#146;s assistance seeking return of the wire transfer.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Preserve </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">records of the incident</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, including emails sent and received </FONT><I><FONT size=2 face="Georgia-Italic,Arial,Helvetica,sans-serif">in their original electronic state</FONT></I><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Correspondence and forensic information contained in these electronic files help investigators shed light on</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the perpetrator(s), and parties responsible for the incident.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Once the above steps are complete, </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">contact Chubb </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">per the instructions in your policy.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">While neither recalling the wire transfer nor reporting to the FBI guarantees the return of your funds, these steps</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">maximize the opportunity to mitigate your loss, assist the FBI in tracing the funds and help establish any</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">insurance claim.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Simple Steps to Prevent Fraudulently Induced Wire Transfers</FONT></B></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Email communication is efficient, but it is not a secure method of communication. Regardless of your familiarity</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">with a contact, that contact&#146;s </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">email may be intercepted, altered and fabricated</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">. You may reduce the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">chances of fraud by following these best practices:</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Verify Email Requests by Telephone</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">: Require those responsible for paying invoices or changing bank</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">routing information to verify payment details over the phone, rather than by email or documents sent</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">electronically. Making a phone call to a known, pre-existing telephone number remains the single best</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">protection against fraud.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Segregate Wire Transfer Responsibilities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">: Establish a standing policy that requires at least three people</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to review and approve wire transfer requests, pay an invoice or change a business partner&#146;s bank account</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">information. Such requests should be entered by the initiator of the wire and verified by two independent</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">signatories.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Turn on MFA for Cloud Email</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">: Multifactor Authentication is available from all major email providers. It</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">provides a layer of security to email accounts beyond a user&#146;s account name and password, making it harder</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for criminals to impersonate you, your executives and your employees.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<I><FONT size=2 face="Georgia-Italic,Arial,Helvetica,sans-serif">This document is for information only. It is offered as a resource to be used together with your professional</FONT></I></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<I><FONT size=2 face="Georgia-Italic,Arial,Helvetica,sans-serif">insurance advisers in maintaining a loss prevention program. No liability is assumed by reason of the</FONT></I></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<I><FONT size=2 face="Georgia-Italic,Arial,Helvetica,sans-serif">information this document contains.</FONT></I></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">ALL-317454 (03/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 1 of 1</FONT></P>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=100%></TD></TR>
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	<TD align=left style="TEXT-INDENT:203.183014pt">
<B><FONT size=5 face="Georgia-Bold,Arial,Helvetica,sans-serif">U. S. Treasury Department&#146;s Office</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:191.631012pt">
<B><FONT size=5 face="Georgia-Bold,Arial,Helvetica,sans-serif">Of Foreign Assets Control (&#147;OFAC&#148;)</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:217.578003pt">
<B><FONT size=5 face="Georgia-Bold,Arial,Helvetica,sans-serif">Advisory Notice to Policyholders</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Policyholder Notice shall not be construed as part of your policy and no coverage is provided by this</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Policyholder Notice nor can it be construed to replace any provisions of your policy. You should read your</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">policy and review your Declarations page for complete information on the coverages you are provided.</FONT></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Notice provides information concerning possible impact on your insurance coverage due to directives</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">issued by OFAC. </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Please read this Notice carefully.</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Presidential declarations of "national emergency". OFAC has identified and listed numerous:</FONT></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:36.000000pt">
<FONT size=2 face="Wingdings-Regular,WingDings">l </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Foreign agents;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:36.000000pt">
<FONT size=2 face="Wingdings-Regular,WingDings">l </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Front organizations;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:36.000000pt">
<FONT size=2 face="Wingdings-Regular,WingDings">l </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Terrorists;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:36.000000pt">
<FONT size=2 face="Wingdings-Regular,WingDings">l </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Terrorist organizations; and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:36.000000pt">
<FONT size=2 face="Wingdings-Regular,WingDings">l </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Narcotics traffickers;</FONT></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">as "Specially Designated Nationals and Blocked Persons". This list can be located on the United States</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Treasury's web site &#150; http//www. treas. gov/ofac.</FONT></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">In accordance with OFAC regulations, if it is determined that you or any other insured, or any person or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">entity claiming the benefits of this insurance has violated U. S. sanctions law or is a Specially Designated</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">National and Blocked Person, as identified by OFAC, this insurance will be considered a blocked or frozen</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">contract and all provisions of this insurance are immediately subject to OFAC. When an insurance policy</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is considered to be such a blocked or frozen contract, no payments nor premium refunds may be made</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">without authorization from OFAC. Other limitations on the premiums and payments also apply.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=26%></TD>
     <TD width=53%></TD>
     <TD width=19%></TD></TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-17914a (04/16)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Reprinted, in part, with permission of</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 1 of 1</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:44.966003pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">ISO Properties, Inc.</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>

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	<TD align=left style="border-bottom:1px solid #000000;" style="TEXT-INDENT:336.596008pt">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Notice to Policyholders</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">QUESTIONS ABOUT YOUR INSURANCE?</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Answers to questions about your insurance, coverage information, or assistance in resolving</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">complaints can be obtained by contacting:</FONT></B></TD>
</TR>
<TR>
	<TD>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:151.200012pt">
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">CHUBB</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=center>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer Support Service Department</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:151.200012pt">
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">436 Walnut Street</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:151.200012pt">
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">PO Box 1000</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:151.200012pt">
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Philadelphia, PA 19106-3703</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="TEXT-INDENT:151.200012pt">
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">1-800-352-4462</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-17993a (04/20)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 1 of 1</FONT></P>

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<TABLE border=0 cellspacing=0>
<TR>
     <TD width=6%></TD>
     <TD width=2%></TD>
     <TD width=3%></TD>
     <TD width=3%></TD>
     <TD width=83%></TD></TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The Company, in consideration of the premium paid, and in reliance on the Application and all other statements</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">made and information furnished to the Company by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, and subject to the Declarations made part of this</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=5 style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Bond and to all other terms, conditions, and limitations of this Bond, agrees to pay the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for:</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">I.</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">INSURING CLAUSES</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Employee</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Loss resulting directly from </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Larceny or Embezzlement </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">committed by any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">acting alone or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in collusion with others.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">On Premises</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">resulting directly from:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">robbery, burglary, misplacement, mysterious unexplainable disappearance, damage or destruction; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">false pretenses, or common law or statutory larceny, committed by a natural person while on the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">premises of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">while the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is lodged or deposited at premises located anywhere.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">For the purpose of coverage under this Insuring Clause 2, the premises of securities depositories shall be</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">deemed to be premises of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, but only with respect to the loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Certificated Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Certificated Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">held by such depositories shall be deemed to be </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, but only to the extent</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">interest therein as detailed in the books and records of such depositories.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">In Transit</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">resulting directly from common law or statutory larceny, misplacement, mysterious</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">unexplainable disappearance, damage or destruction, while the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is in transit anywhere in:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">an armored motor vehicle, including loading and unloading thereof;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the custody of a natural person acting as a messenger of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=right colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the custody of a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Transportation Company </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and being transported in a conveyance other than an</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">armored motor vehicle, provided that covered </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">transported in such manner is limited to the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">following:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1)</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Written </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">records;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2)</FONT></TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Certificated Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">issued in registered form, which are not endorsed or are restrictively</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">endorsed; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3)</FONT></TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Negotiable Instruments </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">not payable to bearer, which are not endorsed or are restrictively</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">endorsed.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Coverage under this Insuring Clause 3 begins immediately on the receipt of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">by the armored</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">motor vehicle, natural person messenger, or </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Transportation Company </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and ends immediately on</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">delivery to the premises of the addressee or to any representative of the addressee located anywhere.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Forgery Or Alteration</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Loss resulting directly from the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">having, in good faith:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">transferred, paid, or delivered any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">established any credit or given any value,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in reliance on any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Written </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Original</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">:</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 1 of 17</FONT></P>

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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Negotiable Instrument </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(other than an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Evidence of Debt</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">);</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Acceptance</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Withdrawal Order </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or receipt for the withdrawal of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Certificate of Deposit</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(5</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Letter of Credit</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(6</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">instruction or advice directed to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and purportedly signed by any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, any</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">financial institution, or any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">i.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">bears a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Forgery</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">ii.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is fraudulently materially altered.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">For the purpose of this Insuring Clause 4, a reproduction of a handwritten signature is treated the same as</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the handwritten signature. An electronic or digital signature is not treated as a reproduction of a</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">handwritten signature.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">5</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Extended Forgery</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Loss resulting directly from the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">having, in good faith, for its own account or the account of others:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">acquired, sold or delivered, given value, extended credit or assumed liability in reliance on any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Written</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Original</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Certificated Security</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">deed, mortgage or other instrument conveying title to, or creating or discharging a lien on, real</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">property;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Evidence of Debt</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Instruction</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">,</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">i.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">bears a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Forgery</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, but only to the extent the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Forgery </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">directly causes the loss;</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">ii.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is fraudulently materially altered, but only to the extent the alteration directly causes the loss;</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">iii.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is lost or stolen;</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">guaranteed in writing or witnessed any signature on any:</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">transfer;</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">assignment;</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">bill of sale;</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">power of attorney; or</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(5</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">endorsement upon any item listed in a.(1) through a.(4) above,</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">but only to the extent that such guarantee or signature directly causes the loss; or</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">acquired, sold or delivered, or given value, extended credit or assumed liability in reliance on any item</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">listed in a.(1) or a.(2) above which is a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Counterfeit Original</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, but only to the extent the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Counterfeit</FONT></B></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Original </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">directly causes the loss.</FONT></TD>
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</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 2 of 17</FONT></P>

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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
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	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
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<TR>
	<TD colspan=4>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Actual physical possession, and continued actual physical possession if taken as collateral, of the items</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">listed in a.(1) through a.(4) above by an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Custodian</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, or a federal or state chartered deposit</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">institution of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is a condition precedent to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">having relied on such items. Release</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or return of such collateral is an acknowledgment by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">that it no longer relies on such collateral.</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">For the purpose of this Insuring Clause 5, a reproduction of a handwritten signature is treated the same as</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the handwritten signature. An electronic or digital signature is not treated as a reproduction of a</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">handwritten signature.</FONT></TD>
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<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">6</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Counterfeit Money</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Loss resulting directly from the receipt by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in good faith of counterfeit </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
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<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">7</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Computer System Fraud</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Loss resulting directly from the:</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">withdrawal, transfer, payment, or delivery of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">creation, deletion, debiting, or crediting of an account of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">,</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which results directly from a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Network Intrusion</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
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<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">8</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Claims Expense</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Claims Expenses </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">incurred by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in determining the amount of covered loss under this Bond</FONT></TD>
</TR>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in excess of the applicable Deductible Amount.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Audit Expense</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Audit Expenses </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">incurred by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">by reason of the discovery of loss covered under Insuring</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Clause 1.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">10</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Uncollectible Items Of Deposit</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Loss resulting directly from the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">having credited an account of a customer, shareholder, or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">subscriber on the faith of any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Items of Deposit </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which prove to be uncollectible, provided that the crediting</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of such account causes:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">redemptions or withdrawals to be permitted;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shares to be issued; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">dividends to be paid,</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">from an account of an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">As a condition precedent to coverage under this Insuring Clause 10, the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">must hold </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Items of</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Deposit </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for the minimum number of days stated in the Application before permitting any redemptions or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">withdrawals, issuing any shares, or paying any dividends with respect to such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Items of Deposit</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Items of Deposit </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall not be deemed uncollectible until the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">standard collection procedures</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">have failed.</FONT></TD>
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	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">11</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Voice Initiated Funds Transfer Instruction</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Loss resulting directly from the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">having, in good faith, transferred, paid, or delivered </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in reliance upon any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Voice Initiated Funds Transfer Instruction </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">that purports, and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">reasonably appears, to have originated from:</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">acting on instructions of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 3 of 17</FONT></P>

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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
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	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
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	<TD colspan=5>
&nbsp;</TD>
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	<TD colspan=5>
&nbsp;</TD>
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&nbsp;</TD>
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	<TD align=left>
&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=center>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a financial institution acting on behalf of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">with authority to make such instructions,</FONT></TD>
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<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">but which </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Voice Initiated Funds Transfer Instruction </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">was, in fact, fraudulently issued without the</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">knowledge of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, or </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">As a condition precedent to coverage under this Insuring Clause 11, the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Voice Initiated Funds Transfer</FONT></B></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Instruction </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">must be received and processed in accordance with the Designated Procedures as outlined in</FONT></TD>
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	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left colspan=2 style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the Application furnished to the Company.</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">II.</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">GENERAL AGREEMENTS</FONT></B></TD>
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<TR>
	<TD colspan=5>
&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Automatic Increase </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Limit Of Liability</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If, during the Bond Period, an increase in the minimum amount of the Single Loss Limit Of Liability</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">applicable to Insuring Clause 1 is required pursuant to Rule 17g-1 of the Investment Company Act of 1940,</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">as a result of:</FONT></TD>
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<TR>
	<TD colspan=5>
&nbsp;</TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the creation of a new </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Investment Company</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">an increase in the gross assets of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Investment Companies </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">covered under the Bond,</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">then the minimum required increase in the amount of the Single Loss Limit Of Liability applicable to</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Insuring Clause 1 shall take place automatically for the remainder of the Bond Period without payment of</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">an additional premium.</FONT></TD>
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<TR>
	<TD colspan=5>
&nbsp;</TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Joint Assured</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The first named </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall be deemed to be the sole agent of the other </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assureds </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for all purposes</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">under this Bond, including but not limited to the giving or receiving of any notice or proof required to be</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">given and for the purpose of effecting or accepting any amendments to or termination of this Bond.</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If the first named </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">ceases for any reason to be covered under this Bond, then the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">next</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">named on the Application shall thereafter be considered as the first named </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for the purposes of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">this Bond.</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The Company shall furnish each </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">with a copy of the Bond and with any amendment thereto,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">together with a copy of each formal filing of claim by any other </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and notification of the terms of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the settlement of each such claim prior to the execution of such settlement.</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Knowledge possessed or discovery made by any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall constitute knowledge possessed or discovery</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">made by all of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assureds </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for the purposes of this Bond.</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">All loss and other payments, if any, payable by the Company, shall be payable to the first named </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">without regard to such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">obligations to others, and the Company shall not be responsible for the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">application by the first named </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of any payment made by the Company. If the Company agrees to</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and makes payment to any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">other than the first named </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, such payment shall be treated</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">as though made to the first named </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The Company shall not be liable for loss sustained by one </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to the advantage of any other </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Notice To Company Of Legal Proceedings Against Assured </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Election To Defend</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall promptly give notice to the Company of any legal proceeding brought to determine the</FONT></TD>
</TR>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">liability for any loss, claim or damage which, if established, would constitute a collectible loss</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">under this Bond. Concurrent with such notice, and as requested thereafter, the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall furnish</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">copies of all pleadings and pertinent papers to the Company.</FONT></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The Company may, at its sole option, elect to conduct the defense of all or part of such legal proceeding.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The defense by the Company shall be in the name of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">through attorneys selected by the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Company. The </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall provide all reasonable information and assistance as required by the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Company for such defense.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 4 of 17</FONT></P>

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<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
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	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
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&nbsp;</TD>
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<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
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	<TD colspan=5>
&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If the Company elects to defend all or part of any legal proceeding, the </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">court costs and attorneys&#146; fees</FONT></TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">incurred by the Company and any settlement or judgment on that part defended by the Company shall be</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a loss under the applicable Insuring Clause of this Bond. In addition, if the amount demanded in the legal</FONT></TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">proceeding is greater than the amount recoverable under this Bond, or if a Deductible Amount is applicable,</FONT></TD>
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&nbsp;</TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or both, the Company</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#146;s liability for court costs and attorneys&#146; fees incurred in defending all or part of such</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">legal proceeding is limited to the proportion of suc</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">h court costs and attorneys&#146; fees incurred that the amount</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">recoverable under this Bond bears to the total of the amount demanded in such legal proceeding.</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If the Company declines to defend the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, no settlement without the prior written consent of the</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Company or judgment against the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall determine the existence, extent or amount of coverage</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">under this Bond, and the Company shall not be liable for any costs, fees and expenses incurred by the</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
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	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Representations Made By Assured</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">represents that all information it has furnished in the Application for this Bond or otherwise</FONT></TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is complete, true and correct. Such Application and other information constitute part of this Bond. Any</FONT></TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">intentional misrepresentation, omission, concealment or incorrect statement of a material fact, in the</FONT></TD>
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	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right colspan=3 style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Application or otherwise, shall be grounds for rescission of this Bond.</FONT></TD>
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	<TD colspan=5>
&nbsp;</TD>
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<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">III.</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">DEFINITIONS</FONT></B></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">As used in this Bond:</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Acceptance </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means a draft which the drawee has, by signature written on it, engaged to honor as presented.</FONT></TD>
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<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means:</FONT></TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Investment Company </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">listed under Name of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in the Declarations (the </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#147;</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">first named</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#148;</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">); or</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any other </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Investment Company </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">listed in the Application.</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">does not include any entity or organization that is not an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Investment Company</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s Network </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s Computer System</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Electronic Communication System</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Audit Expenses </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means reasonable expenses incurred by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">with the Company&#146;s prior written</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">consent, which shall not be unreasonably withheld, for audits or examinations required by any</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">governmental regulatory authority or self-regulatory organization to be conducted by such authority,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">organization, or their appointee. </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Audit Expense </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall not include the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">internal corporate costs</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(such as salaries), attorneys&#146; fees, or expenses incurred by any customer.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Certificate of Deposit </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means an acknowledgment in writing by a financial institution of receipt of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">with an engagement to repay it.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Certificated Security </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means a share, participation or other interest in property of the issuer, or an</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">enterprise of the issuer, or an obligation of the issuer, which is:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">represented by an instrument issued in bearer or registered form;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of a type commonly dealt in on securities exchanges or markets or commonly recognized in any area in</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which it is issued or dealt in as a medium for investment; and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">either one of a class or series or by its terms divisible into a class or series of shares, participations,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">interests or obligations.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 5 of 17</FONT></P>

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	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Claims Expenses </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means reasonable expenses incurred by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">with the Company&#146;s prior written</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">consent, which shall not be unreasonably withheld, solely for independent firms or individuals retained to</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">determine the amount of a covered loss. </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Claims Expenses </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall not include the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">internal</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">corporate costs (such as salaries), attorneys</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#146; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">fees, or expenses incurred by any customer.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Computer System </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means a device or group of devices and all input, output, processing, storage, off-line</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">media libraries (including third-party hosted computing services accessed across the internet, including</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">infrastructure, platform, and software services), and communication facilities, including related</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">communications networks, which are connected directly or indirectly to such device or group of devices.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Counterfeit Original </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means an imitation of an actual valid </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Original </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which is intended to deceive and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">be taken as the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Original</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Cryptocurrency </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means a digital or electronic medium of exchange, operating independently of a central</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">bank, in which encryption techniques are used to regulate the generation of units and to verify the transfer</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of such units.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Custodian </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means the institution designated by an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to maintain possession and control of its</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">assets.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means any shareholder of an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which has a written agreement with the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">transfer such shareholder</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#146;</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">s </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">through a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Voice Initiated Funds Transfer</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Instruction</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer Communication System </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means an:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">online portal or mobile application provided by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for purposes of accessing a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer&#146;s</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">account; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">electronic mailing system hosted by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or by a third party cloud service provider.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Director </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means any natural person duly elected or appointed:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">as an officer of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">board of directors; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">as a trustee of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Electronic Communication System </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Fedwire, Clearing House Interbank Payment System (CHIPS), Society for Worldwide Interbank</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Financial Telecommunication (SWIFT), and similar automated interbank communication systems in</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">participates;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer Communication System</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any communication system similar to those set forth in (1) and (2) of this definition in which the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">participates,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">allowing for the input, output, examination, or transfer of electronic instructions into or from the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">&#146;s </FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Computer System</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means any natural person:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">while in the regular service of an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in the ordinary course of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">business, whom</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">compensates directly by salary or wage and has the right to control and direct in the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">performance of such service;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Director </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">while in the regular service of an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in the ordinary course of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">business, or while acting as a member of any committee duly elected or appointed to examine or audit</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or have custody of or access to </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">intern while in the regular service of an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in the ordinary course of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">business;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 6 of 17</FONT></P>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=3%></TD>
     <TD width=3%></TD>
     <TD width=3%></TD>
     <TD width=90%></TD></TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=4>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=4>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">provided by an employment contractor while in the regular service of an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in the ordinary</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">course of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">business under the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">supervision at any of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">premises;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(5</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">employee of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">contracted:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">investment advisor;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">underwriter (distributor);</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">transfer agent;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">d.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shareholder accounting record-keeper; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">e.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">fund administrator,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">while performing acts for the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in the capacity of an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(6</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">attorney of a law firm retained by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">while performing legal services for the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(7</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Processor</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, but only while such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Processor </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is performing services and not:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">creating, preparing, modifying, or maintaining the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">computer applications or software</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">programs; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">acting as a transfer agent or in any other agency capacity in issuing checks, drafts, or securities for</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Each employer of persons as set forth in (6) and (7) of this definition and the partners, officers, and other</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">employees of such employers shall collectively be deemed to be one person for the purpose of the definition</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Single Loss </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and in the event of payment under this Bond, the Company shall be subrogated to the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">rights of recovery, as stated in Section 12., Subrogation </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Assignment </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Recovery, of the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Conditions and Limitations, against any such employer.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">does not include:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any employee of a fund administrator for any employee benefit plan; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any employee of a transfer agent, shareholder accounting record-keeper, or fund administrator which</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is:</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">not an &#147;affiliated person&#148; (as defined in Section 2(a) of the Investment Company </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Act of 1940) of an</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or of the investment advisor or underwriter (distributor) of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a &#147;bank&#148; (as defined in Section 2(a) of the Investment Company Act of 1940</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">).</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Evidence of Debt </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means an instrument, including a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Negotiable Instrument</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, executed by a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and held by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, which in the regular course of business is treated as evidencing the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer&#146;s</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">debt to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Forgery </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">affixing the handwritten signature, or a reproduction of the handwritten signature, of another natural</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">person without authorization and with the intent to deceive; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">affixing the name of an organization as an endorsement to a check without authority and with the intent</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to deceive,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">provided that a signature which consists in whole or in part of one&#146;s own name signed with or without</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">authority, in any capacity, for any purpose is not a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Forgery</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Initial Transaction Statement </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means the first written statement signed by or on behalf of the issuer of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Uncertificated Security </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">sent to the registered owner or registered pledgee containing:</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 7 of 17</FONT></P>

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<A name="page_19"></A><BR>

<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=3%></TD>
     <TD width=3%></TD>
     <TD width=93%></TD></TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a description of the issue of which the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Uncertificated Security </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is a part;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the number of shares or units transferred to the registered owner, pledged by the registered owner to</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the registered pledgee, or released from pledge by the registered pledgee;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the name, address and taxpayer identification number, if any, of the registered owner and registered</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">pledgee; and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the date the transfer, pledge or release was registered.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Instruction </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means a written order to the issuer of an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Uncertificated Security </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">requesting that the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">transfer, pledge or release from pledge of the specified </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Uncertificated Security </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">be registered.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Investment Company </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means any entity registered under the Investment Company Act of 1940.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Items of Deposit </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means one or more checks or drafts drawn upon a financial institution in the United</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">States of America.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Larceny or Embezzlement </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means larceny and embezzlement as defined under Section 37 of the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Investment Company Act of 1940.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Letter of Credit </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means an engagement in writing by a bank or other person made at the request of a</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">customer that the bank or other person will honor drafts or other demands for payment in compliance with</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the conditions specified in the engagement.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means a medium of exchange in current use authorized or adopted by a domestic or foreign</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">government as part of its currency.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Negotiable Instrument </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means any writing:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">signed by the maker or drawer;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">containing an unconditional promise or order to pay a sum certain in </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and no other promise,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">order, obligation or power given by the maker or drawer;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">payable on demand or at a definite time; and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">payable to order or bearer.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Negotiable Instrument </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">includes a substitute check as defined in the Check Clearing for the 21</FONT><SUP><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">st </FONT></SUP><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Century</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Act, and shall be treated the same as the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Original </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">it replaced.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Network Intrusion </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means the:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">unauthorized access; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">entry of an unauthorized application or software program,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">into the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s Network</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, by any entity or natural person, except an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or any authorized</FONT></TD>
</TR>
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	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">representative of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Original </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means the first rendering or archetype and does not include photocopies or electronic</FONT></TD>
</TR>
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	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">transmissions even if received and printed.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Processor </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means an employee of any entity authorized by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to perform data processing of the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">checks and accounting records related to such checks. </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Processor </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">does not include any</FONT></TD>
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	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">employee of a Federal Reserve Bank or clearing house.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Initial Transaction Statement</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Negotiable Instrument</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Certificate of Deposit</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Acceptance</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Evidence of Debt</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Withdrawal Order</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Letter of Credit</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
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	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">insurance policy; abstract of title, deed and mortgage on real estate; revenue and other stamps; precious</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">metals in any form; and books of accounts and other </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Written </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">records, but not electronic data processing</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">records or media.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">does not include electronic data or </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Cryptocurrency</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 8 of 17</FONT></P>

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<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
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	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
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<TR>
	<TD colspan=5>
&nbsp;</TD>
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<TR>
	<TD colspan=5>
&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means either </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Certificated Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Uncertificated Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Single Loss </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means all covered loss, court costs, and attorneys&#146; fees resulting from:</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any one act of burglary, robbery or attempt at either, in which no </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is implicated;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any one act or series of related acts on the part of any natural person resulting in the damage,</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">destruction, or misplacement of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">all acts other than those specified in (1) and (2) of this definition, caused by any natural person or in</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which such natural person is implicated; or</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any one event not specified in (1), (2) or (3) of this definition.</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Transportation Company </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means any organization which provides its own or its leased vehicles for</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">transportation or which provides freight forwarding or air express services.</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Uncertificated Security </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means a share, participation or other interest in property of the issuer, or an</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">enterprise of the issuer, or an obligation of the issuer, which is:</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">not represented by an instrument and the transfer of which is registered on books maintained for that</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">purpose by or on behalf of the issuer;</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of a type commonly dealt in on securities exchanges or markets; and</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">either one of a class or series or by its terms divisible into a class or series of shares, participations,</FONT></TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">interests or obligations.</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Voice Initiated Funds Transfer Instruction </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means those oral instructions which authorize the</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">transfer of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">account, or of a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer&#146;s </FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, and which are:</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
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&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">made over a telecommunications device; and</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">directed to those natural persons specifically authorized to receive such instructions by such</FONT></TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">telecommunications device.</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Withdrawal Order </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means a non-negotiable instrument, other than an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Instruction</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, signed by a</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">authorizing the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to debit the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">account in the amount of funds stated</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">therein.</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Written </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">means expressed through letters or marks placed upon paper and visible to the eye.</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">For the purposes of these definitions, the singular includes the plural and the plural includes the singular,</FONT></TD>
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	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left colspan=3 style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">unless otherwise indicated.</FONT></TD>
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	<TD colspan=5>
&nbsp;</TD>
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	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">IV.</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">EXCLUSIONS</FONT></B></TD>
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	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">General Exclusions </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Applicable To All Insuring Clauses</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond does not cover loss resulting directly or indirectly from:</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">riot or civil commotion outside the United States of America and Canada, or any loss due to military,</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">naval or usurped power, war or insurrection. This Exclusion 1.a., however, shall not apply to loss which</FONT></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">occurs in transit in the circumstances recited in Insuring Clause 3, provided that when such transit was</FONT></TD>
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	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">initiated there was no knowledge on the part of any person acting for the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of such riot, civil</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">commotion, military, naval or usurped power, war or insurrection;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the effects of nuclear fission or fusion, radioactivity, or chemical or biological contamination;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the loss of potential income. This Exclusion 1.c., however, shall not apply to interest and dividends</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">accrued to the benefit of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">prior to the discovery of a covered loss,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">whether or not such accrued interest or dividends have been paid into the account of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">as of the discovery of such covered loss;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 9 of 17</FONT></P>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=3%></TD>
     <TD width=3%></TD>
     <TD width=3%></TD>
     <TD width=3%></TD>
     <TD width=86%></TD></TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">d.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">damages of any type for which the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is legally liable, except compensatory damages, but not</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">multiples thereof, arising from a loss covered under this Bond;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">e.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">all costs, fees and expenses incurred by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in establishing the existence of or amount of loss covered under this Bond, except for loss covered</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">under Insuring Clause 8 or 9; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">as a party to any legal proceeding, even if such legal proceeding results in a loss covered by this</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Bond;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">f.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">indirect or consequential loss of any nature, except for loss covered under Insuring Clause 8 or 9. This</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Exclusion 1.f., however, shall not apply to interest and dividends accrued to the benefit of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">prior to the discovery of a covered loss, whether or not such accrued interest or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">dividends have been paid into the account of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">as of the discovery of such</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">covered loss;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">g.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any violation by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or by any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of any law regulating:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">i.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the issuance, purchase or sale of securities;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">ii.</FONT></TD>
	<TD align=center>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">securities transactions on security or commodity exchanges or the over the counter market;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">iii.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">investment companies; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">iv.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">investment advisors; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of any rule or regulation made pursuant to any such law;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">h.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the loss or disclosure of confidential information, material or data, while in the care, custody or control</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, including but not limited to patents, trade secrets, processing methods, customer lists,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">financial information, credit card information, health information, retirement or health savings</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">account information, or any similar type of non-public information. This Exclusion 1.h., however, shall</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">not apply when such information, material or data is used to support or facilitate the commission of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any act otherwise covered under this Bond;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">i.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">fees, costs, fines, penalties or any other expenses incurred by an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which result, directly or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">indirectly, from the access to or disclosure of an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or another entity</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#146;s or person&#146;s confidential</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or personal information, including but not limited to patents, trade secrets, processing methods,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">customer lists, financial information, credit card information, health information, retirement or health</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">savings account information, or any similar type of non-public information;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">j.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">liability resulting from disclosure of or acting on material nonpublic information;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">k.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">liability assumed by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">by agreement under any contract, unless loss under this Bond would</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">be covered in the absence of such agreement;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">l.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the dishonest acts of any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Director </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">who is not an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, acting alone or in collusion with others;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">m.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any modification, damage, destruction, deletion, or corruption of any application or software program</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">within the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s Network</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, except for loss covered under Insuring Clause 7;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">n.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a threat or series of threats to:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">gain access to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">&#146;s </FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Computer System </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and sell or disclose confidential information</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">stored within the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">&#146;s </FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Computer System</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">modify, damage, destroy, delete, or corrupt any application or software program within the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">&#146;s </FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Computer System</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">o.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">costs or expenses of any independent forensic analysts or network security consultants engaged to</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">investigate or assess any actual or alleged threat;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 10 of 17</FONT></P>

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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">p.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">costs or expenses incurred to identify or remediate application or software program errors or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">vulnerabilities, or costs to update, replace, restore, upgrade, maintain, or improve a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Computer</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">System</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">q.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">costs or expenses incurred to replace, restore, recreate, collect, or recover any application or software</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">program; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">r.</FONT></TD>
	<TD align=left colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Cryptocurrency</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Specific Exclusions </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Applicable To All Insuring Clauses Except Insuring Clause 1</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond does not cover loss resulting directly or indirectly from:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the acts of an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, except for loss covered under:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Insuring Clause 2 or 3 which results directly from misplacement, mysterious unexplainable</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">disappearance, or damage or destruction of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Insuring Clause 11;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the surrender of a ransom or extortion payment away from the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">premises as a result of a</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">threat to do bodily harm to any person, or to do damage to the premises or </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">except for loss covered under Insuring Clause 3.b.;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">payments made or withdrawals from any account involving erroneous credits to such account, unless</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">such payments or withdrawals are physically received by such depositor or representative of such</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">depositor who is within the premises of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">at the time of such payment or withdrawal;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">d.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Uncertificated Security</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, except for loss covered under Insuring Clause 7;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">e.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">while:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in the mail;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in the custody of a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Transportation Company</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, except for loss covered under Insuring Clause 3;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">located on the premises of an armored motor vehicle operator;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">f.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">damages resulting from any civil, criminal or other legal proceeding in which the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">adjudicated to have engaged in </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Racketeering </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">activity;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">g.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the failure for any reason of a financial or depository institution, its receiver or other liquidator to pay</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or deliver funds or </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured, </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">except for loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">covered under Insuring</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Clause 2;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">h.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">instructions issued by a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">when such instructions are made, sent, or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">originated by a natural person authorized by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to make, send, or originate any</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">instructions;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">i.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the use of credit, debit, charge, access, convenience, identification, cash management, or other cards</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">whether such cards were issued, or purport to have been issued, by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or by any entity other</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">than the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">j.</FONT></TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Items of Deposit </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which are not finally paid for any reason including, but not limited to, </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Forgery </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any other fraud, except for loss covered under Insuring Clause 10;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">k.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the acts of any agent, broker, factor, commission merchant, independent contractor, intermediary,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">finder, or other representative of the same general character of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">l.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the acts of any employee, agent, broker, factor, commission merchant, independent contractor,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">intermediary, finder, or other representative of the same general character of any third party, while</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">conducting business with the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">on behalf of such third party.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 11 of 17</FONT></P>

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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
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<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Specific Exclusions </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Applicable To All Insuring Clauses Except Insuring Clauses 1, 4, and 5</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond does not cover loss resulting directly or indirectly from:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the complete or partial non-payment of or default on any loan whether such loan was procured in good</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">faith or through trick, artifice, fraud, or false pretenses, except for loss covered under Insuring Clause</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">7</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Forgery </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or any alteration, except for loss covered under Insuring Clause 7; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any counterfeit, except for loss covered under Insuring Clause 6.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Specific Exclusions </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Applicable To Insuring Clause 7</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond does not cover loss resulting directly or indirectly from:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any transfer, payment, or delivery of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money or Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">authorized by an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">arising out of any misrepresentation received by any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, agent, broker, factor, commission</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">merchant, independent contractor, intermediary, finder, or other representative of the same</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">general character of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">whether such transfer, payment, or delivery was made in good faith or as a result of trick, artifice, fraud,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or false pretenses;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">forged, altered or fraudulent </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Negotiable Instruments</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, documents or written</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">instruments used as source documentation for input into a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Computer System</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any investment in </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, or ownership in any corporation, partnership, real property, commodity</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or similar instrument, whether or not such investment is genuine or fraudulent;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">d.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">mechanical failure, faulty construction, error in design, latent defect, wear and tear, gradual</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">deterioration, electrical disturbance, the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s Network </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">failure or breakdown, any malfunction</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or error in programming, or error or omission in processing;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">e.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">entries or changes made by a natural person with authorized access to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Network </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">who</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">acts in good faith on instructions, unless such instructions are given to that person by a software</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">contractor or its partner, officer, or employee authorized to design, develop, prepare, supply, service,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">write or implement programs for the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Network</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">f.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">entries or changes made at an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Electronic Funds Transfer System </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Communication System </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">by a:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">natural person with authorized access to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">authentication credentials or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">mechanism.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">5</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Specific Exclusions </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Applicable To Insuring Clause 11</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond does not cover loss resulting directly or indirectly from any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Voice Initiated Transfer</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Instruction </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">from a:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">natural person with authorized access to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Customer&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">verification credentials or mechanism.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 12 of 17</FONT></P>

<HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV>



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<DIV align="left">
<TABLE border=0 cellspacing=0>
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     <TD width=2%></TD>
     <TD width=3%></TD>
     <TD width=87%></TD></TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">V.</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">CONDITIONS AND LIMITATIONS</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Anti-Bundling</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If any Insuring Clause requires that an enumerated type of document be fraudulently materially altered or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Counterfeit Original</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, or contain a signature which is a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Forgery </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or obtained through trick, artifice,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">fraud, or false pretenses, the material alteration or </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Counterfeit Original </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or fraudulent signature must be</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">on or of the enumerated document itself not on or of some other document submitted with, accompanying</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or incorporated by reference into the enumerated document.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Change Or Modification</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">No change in or modification of this Bond shall be effective except when made by written endorsement to</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">this Bond signed by an authorized representative of the Company.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If this Bond is for a sole </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, no change or modification which would adversely affect the rights of the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall be effective prior to sixty (60) days after written notice has been furnished by the acting</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">party to the U.S. Securities and Exchange Commission.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If this Bond is for joint </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assureds</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, no change or modification which would adversely affect the rights of any</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall be effective prior to sixty (60) days after written notice has been furnished by the Company</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to all </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assureds </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and to the U.S. Securities and Exchange Commission.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Conformity</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If any time period </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">limitation within this Bond is prohibited by any law controlling this Bond&#146;s construction,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">such limitation shall be deemed to be amended so as to equal the minimum period of limitation provided</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">by such law.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">4</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Cooperation Of Assured</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">At the Company</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#146;</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">s request and at reasonable times and places designated by the Company, the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">submit to examination by the Company and subscribe to the same under oath;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">produce for the Company&#146;s examination all pertinent records</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">cooperate with the Company in all matters pertaining to the loss.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall execute all papers and render all assistance to secure to the Company the rights and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">causes of action provided for under this Bond. The </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall do nothing after discovery of any loss to</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">prejudice such rights or causes of action.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">5</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Covered Property</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond shall apply to loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">owned by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">held by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in any capacity; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for which the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is legally liable.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond shall be for the sole use and benefit of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">6</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Deductible Amount</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The Company shall be liable under this Bond only for the amount by which any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Single Loss </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is greater than</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the applicable Deductible Amount as stated in Item 2 of the Declarations.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">There shall be no deductible applicable to any loss sustained by any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and covered under Insuring</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Clause 1.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 13 of 17</FONT></P>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=2%></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
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&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">7</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Discovery</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond applies only to loss first discovered by a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Director </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">during the Bond Period. Discovery occurs at</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the earlier of a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Director </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">learning of:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">facts which may subsequently result in a loss of a type covered by this Bond; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">an actual or potential claim in which it is alleged that the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is liable to a third party,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">regardless of when the act or acts causing or contributing to such loss occurred, even though the amount of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">loss does not exceed the applicable Deductible Amount, or the exact amount or details of loss may not then</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">be known.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">8</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Limit Of Liability</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The payment of any loss under this Bond shall not reduce the liability of the Company for other losses</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">whenever sustained, provided that:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the Company</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#146;s liability for each </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Single Loss </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall not exceed the applicable Single Loss Limit Of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Liability as stated in Item 2 of the Declarations or as set forth under General Agreement 1, and shall not</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">be cumulative in amounts from year to year or from Bond Period to Bond Period;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">if a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Single Loss </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">is covered under more than one Insuring Clause, the maximum payable shall not</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">exceed the largest applicable Single Loss Limit Of Liability; and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the Company&#146;s liability </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for loss or losses sustained by more than one </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assureds</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, or all </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assureds</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, shall</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">not exceed the total amount for which the Company would be liable under this Bond if such loss or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">losses were sustained by any one </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">9</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Notice To Company </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Proof </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Legal Proceedings Against Company</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall give the Company notice at the earliest practicable moment, not to exceed sixty (60)</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">days after discovery of a loss, in an amount that is in excess of 50% of the applicable Deductible Amount,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">as stated in Item 2 of the Declarations.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall furnish to the Company proof of loss, duly sworn to, with full particulars, within six</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(6) months after such discovery.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=right colspan=3>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Certificated Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">listed in a proof of loss shall be identified by certificate or bond numbers, if</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">issued with them.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">d.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Legal proceedings for the recovery of any loss under this Bond shall not be brought prior to the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">expiration of sixty (60) days after the proof of loss is filed with the Company or after the expiration of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">twenty-four (24) months from the discovery of such loss.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">e.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond affords coverage only in favor of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">. No claim, suit, action or legal proceeding</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall be brought under the Bond by anyone other than the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">f.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">All such notices shall be given in writing to one of the following addresses:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT color="#0000ff" size=2 face="Georgia,Arial,Helvetica,sans-serif">ChubbClaimsFirstNotice@chubb.com</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Attn: Chubb Claims Department</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Chubb</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">P.O. Box 5122</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Scranton, PA 18505</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">g.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">All other notices to the Company under this Bond shall be given in writing to the following address:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT color="#0000ff" size=2 face="Georgia,Arial,Helvetica,sans-serif">NA.FinancialLines@chubb.com</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 14 of 17</FONT></P>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=3%></TD>
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     <TD width=3%></TD>
     <TD width=3%></TD>
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     <TD width=84%></TD></TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Attn: Chubb Underwriting Department</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Chubb</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">202B Hall</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#146;</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">s Mill Road</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Whitehouse Station, NJ 08889</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">All notices described above shall be effective on the date of receipt by the Company.</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">10</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Other Insurance</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Coverage under this Bond shall apply only as excess over any other valid and collectible insurance,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">indemnity or suretyship obtained by or on behalf of:</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Transportation Company</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">; or</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(3</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">)</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">another entity on whose premises the loss occurred or which employed the person causing the loss</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or engaged the messenger conveying the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">involved.</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Solely with respect to Insuring Clause 7, in the event of a loss covered under this Bond and also covered</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">under other valid and collectible insurance issued by the Company, or a parent, subsidiary or affiliate</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of the Company to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, the Single Loss Limit Of Liability under this Bond shall be reduced by</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">any payment under any other such valid and collectible insurance and only the remainder, if any, shall</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">be applicable to such loss covered hereunder.</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">11</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Securities Settlement</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">In the event of a loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">covered under this Bond, the Company may, at its sole discretion,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">purchase replacement </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, tender the value of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, or issue its indemnity to</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">effect replacement </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The indemnity required from the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">under the terms of this Section against all loss, cost or expense</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">arising from the replacement of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">by the Company</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#146;</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">s indemnity shall be:</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">having a value less than or equal to the applicable Deductible Amount </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">one hundred</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(100%) percent;</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">having a value in excess of the applicable Deductible Amount but within the Single Loss</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Limit Of Liability </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the percentage that the Deductible Amount bears to the value of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">having a value greater than the applicable Single Loss Limit Of Liability </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the percentage</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">that the Deductible Amount and portion in excess of the Single Loss Limit Of Liability bears to the value</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The value referred to in Sections 11.a., b., and c. is the value in accordance with Section 14., Valuation,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">regardless of the value of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">at the time the loss under the Company</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#146;</FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">s indemnity is sustained.</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The Company is not required to issue its indemnity for any portion of a loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which is not</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">covered by this Bond, however, the Company may do so as a courtesy to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in its sole discretion.</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall pay the proportion of the </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Company&#146;s </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">premium charge for the </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Company&#146;s </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">indemnity as</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">set forth in Sections 11.a., b., and c. No portion of the Single Loss Limit Of Liability shall be used as payment</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of premium for any indemnity purchased by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to obtain replacement </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">12</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Subrogation </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Assignment </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">&#150; </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Recovery</FONT></TD>
</TR>
<TR>
	<TD colspan=6>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">In the event of a payment under this Bond, the Company shall be subrogated to all of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">rights</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of recovery against any person or entity to the extent of such payment. On request, the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">deliver to the Company an assignment of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">rights, title and interest and causes of action</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">against any person or entity to the extent of such payment.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 15 of 17</FONT></P>

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<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=3%></TD>
     <TD width=2%></TD>
     <TD width=3%></TD>
     <TD width=3%></TD>
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<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Recoveries, whether effected by the Company or by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, shall be applied net of the expense of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">such recovery, in the following order:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">first, to the satisfaction of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">covered loss which would otherwise have been paid but for</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the fact that it is in excess of the Single Loss Limit Of Liability;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">second, to the Company in satisfaction of amounts paid in settlement of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">A</FONT></B><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">ssured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">claim;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">third, to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in satisfaction of the applicable Deductible Amount; and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">d.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">fourth, to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in satisfaction of any loss suffered by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">which was not covered under</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">this Bond.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Recovery from reinsurance or indemnity of the Company shall not be deemed a recovery under this Section.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">13</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Termination</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If the Bond is for a sole </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, it shall not be terminated unless written notice shall have been given</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">by the acting party to the affected party and to the U.S. Securities and Exchange Commission not less</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">than sixty (60) days prior to the effective date of such termination.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If the Bond is for a joint </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, it shall not be terminated unless written notice shall have been given</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">by the acting party to the affected party, and by the Company to all </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assureds </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and to the U.S. Securities</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and Exchange Commission, not less than sixty (60) days prior to the effective date of such termination.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">If any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Director</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, not acting in collusion with an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, discovers any dishonest or fraudulent act</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">committed by such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, whether in the employment of the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or otherwise, and whether</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">against the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or any other person or entity, the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">:</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">i.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall immediately remove such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">from a position that would enable such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">cause the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to suffer a loss covered by this Bond; and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">ii.</FONT></TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">within forty-eight (48) hours of discovering an </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">has committed any dishonest or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">fraudulent act, shall notify the Company of such action and provide full particulars of such</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">dishonest or fraudulent act.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">d.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond terminates as to any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">sixty (60) days after receipt by each </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">and the U.S.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Securities and Exchange Commission of written notice from the Company of its decision to terminate</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">this Bond as to any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Employee</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">14</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Valuation</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">a.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Books Of Account Or Other Records</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The value of any loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">consisting of books of account or other records used by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">in the conduct of its business shall be the amount paid by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for blank books, blank pages,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or other materials which replace the lost books of account or other records, plus the cost of labor paid</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">for the actual transcription or copying of data to reproduce such books of account or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">other records.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">b.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Money</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Any loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, or loss payable in </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, shall be paid in the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Money </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of the United States of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">America or the dollar equivalent of it, determined by the free market rate of exchange in effect at the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">time of discovery of such loss.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">c.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Other Property</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The value of any loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, except as otherwise provided for in this Section 14., shall be the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">actual cash value or the cost of repairing or replacing such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">with </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Property </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of like quality and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">value, whichever is less.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 16 of 17</FONT></P>

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<A name="page_28"></A><BR>

<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=5%></TD>
     <TD width=4%></TD>
     <TD width=90%></TD></TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:253.819992pt">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">Financial Institution Bond</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;" style="TEXT-INDENT:249.379990pt">
<B><FONT size=4 face="Georgia-Bold,Arial,Helvetica,sans-serif">For Investment Companies</FONT></B></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">d.</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Securities</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The value of any loss of </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall be the average market value of such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">on the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">business day immediately preceding discovery of such loss, provided that the value of any </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">replaced by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, with the consent of the Company and prior to the settlement of any claim for</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">them, shall be the actual market value at the time of replacement. In the case of a loss of interim</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">certificates, warrants, rights or other </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">, the production of which is necessary to the exercise</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">of subscription, conversion, redemption or deposit privileges, the value of them shall be the market</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">value of such privileges immediately preceding their expiration if the loss is not discovered until after</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">their expiration. If no market price is quoted for such </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Securities </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or for such privileges, the value shall</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">be fixed by agreement of the parties.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">VI.</FONT></B></TD>
	<TD align=left colspan=2>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS</FONT></B></TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">This Bond does not apply to the extent that trade or economic sanctions law or other similar laws or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">regulations prohibit the Company from providing insurance.</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-52903 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 17 of 17</FONT></P>

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<A name="page_29"></A><BR>

<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=6%></TD>
     <TD width=2%></TD>
     <TD width=3%></TD>
     <TD width=39%></TD>
     <TD width=6%></TD>
     <TD width=14%></TD>
     <TD width=26%></TD></TR>
<TR valign="bottom">
	<TD align=center colspan=7 style="border-bottom:1px solid #000000;">
<B><FONT size=3 face="Georgia-Bold,Arial,Helvetica,sans-serif">NEW YORK AMENDATORY ENDORSEMENT</FONT></B></TD>
</TR>
<TR>
	<TD colspan=7><HR noshade size=1></TD></TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=1 face="Georgia,Arial,Helvetica,sans-serif">Named Assured</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Georgia,Arial,Helvetica,sans-serif">Endorsement Number</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=4 style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">THE LAZARD FUNDS, INC.</FONT></TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">1</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3>
<FONT size=1 face="Georgia,Arial,Helvetica,sans-serif">Bond Number</FONT></TD>
	<TD align=center>
<FONT size=1 face="Georgia,Arial,Helvetica,sans-serif">Bond Period</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right>
<FONT size=1 face="Georgia,Arial,Helvetica,sans-serif">Effective Date of Endorsement</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=3 style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">J06045133</FONT></TD>
	<TD align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">10-01-2025</FONT></TD>
	<TD align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">to</FONT></TD>
	<TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">10-01-2026</FONT></TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">October 1, 2025</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=1 face="Georgia,Arial,Helvetica,sans-serif">Issued By</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=4 style="border-bottom:1px solid #000000;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Federal Insurance Company</FONT></TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=7>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">THIS ENDORSEMENT CHANGES THE BOND. PLEASE READ IT CAREFULLY.</FONT></B></TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=7>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">This endorsement modifies insurance provided under the following:</FONT></B></TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=7>
<B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">FINANCIAL INSTITUTION BOND FOR INVESTMENT COMPANIES</FONT></B></TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">In consideration of the premium charged, it is agreed that:</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">1</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Section V. CONDITIONS AND LIMITATIONS of this Bond is amended as follows:</FONT></TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">A.</FONT></TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Paragraph a of Subsection 9. Notice To Company &#150; Proof- Legal Proceedings Against Company is</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:1.518005pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">deleted and replaced with the following:</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=3 face="Georgia,Arial,Helvetica,sans-serif">a. </FONT><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">shall give the Company notice at the earliest practicable moment, not to exceed</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">sixty (60) days after discovery of a loss, as long as such notification does not impede the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Company&#146;s investigation of any claim, in an amount that is in excess of 50% of the applicable</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3 style="TEXT-INDENT:19.518005pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Deductible Amount, as stated in Item 3 of the Declarations.</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">B.</FONT></TD>
	<TD align=left colspan=3 style="TEXT-INDENT:1.518005pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Subsection 13. Termination is amended by adding the following:</FONT></TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The Company shall refund the unearned premium computed at customary short rates if this Bond is</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">terminated by the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured</FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">. Under any other circumstances, the refund shall be computed pro rata.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Payment or tender of any unearned premium by the Company shall not be a condition precedent to</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4 style="TEXT-INDENT:1.518005pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the effectiveness of such termination, but such payment shall be made as soon as practicable.</FONT></TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The Company shall mail or deliver a copy of any notice of termination of this Bond to the agent or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">broker of record, if any, at its last address known to the Company. Any notice of termination by the</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=7>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Company shall state the specific reason(s) for, and the effective date of such termination.</FONT></TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">2</FONT></TD>
	<TD align=left>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">.</FONT></TD>
	<TD align=left colspan=2>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">The following section is added to this Bond:</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=3>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">NONRENEWAL AND CONDITIONAL RENEWAL</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=5>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(A) If the Company (a) nonrenews this Bond, or (b) conditions its renewal upon a change in limits,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">change in the type of coverage, reduction of coverage, increased deductible or addition of exclusions,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or upon increased premiums in excess of ten percent (10%) of the expiring rate (exclusive of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">premiums attributable to increased exposure subsequent to issuance of this Bond or at the request of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or as a result of experience rating or retrospective rating), the Company shall provide</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left style="TEXT-INDENT:1.518005pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">notice to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">as follows:</FONT></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(1) The Company will mail or deliver to the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">between sixty (60) days and one hundred</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">twenty (120) days advance written notice containing the specific reason or reasons for</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">nonrenewal or conditional renewal, the amount of any premium increase, the nature of any other</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">proposed changes and the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured&#146;s </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">rights, if any, to coverage and the duration of such</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">coverage. Such notice will not be provided in the event that the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">or its agent or broker of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">record has mailed or delivered written notice that this Bond has been replaced or is no longer</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">desired. Additionally, if the Company provides notice of nonrenewal and subsequently extends</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left colspan=4 style="TEXT-INDENT:19.518005pt">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">the Bond Period for ninety (90) days or less, no additional notice of nonrenewal will be given.</FONT></TD>
</TR>
<TR>
	<TD colspan=7>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(2) If before the expiration date in Item 1 of the Declarations the Company provides an incomplete or</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">late conditional renewal notice, coverage hereunder will remain in effect on the same terms and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">conditions and at the lower of the current rates or the rates for the prior Bond Period until sixty</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=right colspan=4>
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">(60) days after proper notice is mailed, unless the </FONT><B><FONT size=2 face="Georgia-Bold,Arial,Helvetica,sans-serif">Assured </FONT></B><FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">elects to cancel sooner, If however,</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">PF-56008 (08/21)</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Georgia,Arial,Helvetica,sans-serif">Page 1 of 2</FONT></P>

<HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV>


<!--$$/page=--><A name="page_30"></A><BR>

<DIV align=left>

<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="100%"></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>the </FONT><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>Assured </FONT></B><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>elects to accept the terms, conditions and rates of the conditional renewal notice</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>and renews this Bond on that basis, then such terms, conditions and rates will govern upon (a)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>the expirations of such sixty (60) day period, if notice of conditional renewal was provided to the</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>Assured </FONT></B><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>less than thirty (3) days before this Bond expiration date; or (b) this Bond&#8217;s expiration</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>date, if notice of conditional renewal was provided to the </FONT><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>Assured </FONT></B><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>at least thirty (30) days before</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 72pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>this Bond&#8217;s expiration date.</FONT></TD></TR>

<TR>

   <TD>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>(3) If the Bond Period is extended due to late notice of nonrenewal or conditional renewal, then the</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Limits of Liability will be increased in proportion to the period for which the Bond Period is</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>extended, provided that if the </FONT><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>Assured </FONT></B><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>accepts the terms, conditions and rates of a conditional</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>renewal notice, such increase will be inapplicable and, instead, new Limits of Liability applicable</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 72pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>to the renewal period shall become effective as of the inception date of the renewal Bond.</FONT></TD></TR>

<TR>

   <TD>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>(4) If the Company does not provide notice of nonrenewal or conditional renewal before the Bond</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>expiration date set forth in Item 1 of the Declarations, then the </FONT><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>Assured </FONT></B><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>may purchase coverage</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>on the same terms and conditions as the Bond for another Bond Period or for the immediately</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>preceding Bond Period.</FONT></TD></TR>

<TR>

   <TD>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>(B) The Company shall mail or deliver a copy of any notice of nonrenewal of this Bond by the Company to</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>the agent or broker of record, if any, at its last address known to the Company. Any notice of</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>nonrenewal by the Company shall state the specific reason(s) for, and the effective date of, such</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>nonrenewal.</FONT></TD></TR>

<TR>

   <TD>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>This Bond will be deemed to have been amended to the extent necessary to effect the purposes and intent of this</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Amendatory Endorsement.</FONT></TD></TR>

<TR>

   <TD>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>The regulatory requirements set forth in this Amendatory Endorsement shall supersede and take precedence over</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>any provisions of this Bond or any endorsement to this Bond, whenever added, that are inconsistent with or</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>contrary to the provisions of this Amendatory Endorsement, unless such Bond or endorsement provisions comply</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>with the applicable insurance laws of the State of New York.</FONT></TD></TR>

<TR>

   <TD>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>The title and any headings in this endorsement/rider are solely for convenience and form not part of the terms</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>and conditions of coverage.</FONT></TD></TR>

<TR>

   <TD>&nbsp;</TD></TR>

<TR>

   <TD>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>All other terms, conditions and limitations of this Bond shall remain unchanged.</FONT></TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P align=center>
<IMG border=0 src="j06045133_2025x30x1.jpg" align=middle> </P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>PF-56008 (08/21)</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Page 2 of 2</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_31"></A><BR>

<DIV align=left>

<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="35%"></TD>

   <TD width="15%"></TD>

   <TD width="7%"></TD>

   <TD width="13%"></TD>

   <TD width="27%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=5 align=center><B><FONT size=3 face=Georgia-Bold,Arial,Helvetica,sans-serif>SCHEDULE OF OTHER ASSUREDS ENDORSEMENT</FONT></B></TD></TR>

<TR>

   <TD colSpan=5>

   <HR SIZE=1 noShade>

</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Georgia,Arial,Helvetica,sans-serif>Named Assured</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Georgia,Arial,Helvetica,sans-serif>Endorsement Number</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>THE LAZARD FUNDS, INC.</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>2</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Georgia,Arial,Helvetica,sans-serif>Bond Number</FONT></TD>

   <TD align=right><FONT size=1 face=Georgia,Arial,Helvetica,sans-serif>Bond Period</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=1 face=Georgia,Arial,Helvetica,sans-serif>Effective Date of Endorsement</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>J06045133</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>10-01-2025</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>to</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>10-01-2026</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>10-01-2025</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Georgia,Arial,Helvetica,sans-serif>Issued By</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Federal Insurance Company</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD colSpan=5 align=center><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>THIS ENDORSEMENT CHANGES THE BOND. PLEASE READ IT CAREFULLY.</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=5 align=center><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>This endorsement modifies insurance provided under the following:</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD colSpan=5 align=center><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>FINANCIAL INSTITUTION BOND FOR INVESTMENT COMPANIES</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 4.725pt" colSpan=3 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>In consideration of the premium charged, it is agreed that:</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 4.725pt" colSpan=5 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>(1) In addition to the first named </FONT><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>Assured</FONT></B><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>, the </FONT><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>Investment Company(ies) </FONT></B><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>scheduled in Paragraph (2) of this</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=3 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Endorsement is/are the other </FONT><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>Assured(s) </FONT></B><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>under this Bond.</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 4.725pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>(2) Schedule of Other </FONT><B><FONT size=2 face=Georgia-Bold,Arial,Helvetica,sans-serif>Assureds</FONT></B><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>:</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Developing Markets Equity Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Emerging Markets Core Equity Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=3 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Emerging Markets Equity Advantage Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Emerging Markets Equity Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Enhanced Opportunities Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Equity Franchise Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Global Equity Select Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Global Listed Infrastructure Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Government Money Market Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard International Equity Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard International Equity Select Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard International Quality Growth Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard International Small Cap Equity Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard International Strategic Equity Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Opportunistic Strategies Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Real Assets Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard US Convertibles Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard US Equity Concentrated Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard US Equity Focus Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard US Short Duration Fixed Income Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=2 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard US Small Cap Equity Select Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Real Assets Portfolio, Ltd.</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=3 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement Developing Markets Equity Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 22.725pt" colSpan=4 align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement Emerging Markets Equity Advantage Portfolio</FONT></TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>PF-52916 (08/21)</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Page 1 of 2</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_32"></A><BR>

<DIV align=left>

<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="100%"></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement Emerging Markets Equity Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement Enhanced Opportunities Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement Equity Franchise Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement Global Dynamic Multi-Asset Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement Global Listed Infrastructure Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement International Equity Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement International Equity Select Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement International Quality Growth Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement International Small Cap Equity Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement International Strategic Equity Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement Opportunistic Strategies Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement Real Assets Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement US Convertibles Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement US Equity Concentrated Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement US Small Cap Equity Select Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Retirement US Systematic Small Cap Equity Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Global Total Return and Income Fund, Inc.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard US High Yield Portfolio</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Emerging Markets Opportunities ETF</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Japanese Equity ETF</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Next Gen Technologies ETF</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard International Dynamic Equity ETF</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Equity Megatrends ETF</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard Global Infrastructure ETF</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 18pt" align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Lazard US Systematic Small Cap Equity ETF</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>conditions of coverage.</FONT></TD></TR>

<TR>

   <TD>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>All other terms, conditions and limitations of this Bond shall remain unchanged.</FONT></TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P align=center>
<IMG border=0 src="j06045133_2025x30x1.jpg" align=middle> </P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>PF-52916 (11/19)</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Georgia,Arial,Helvetica,sans-serif>Page 2 of 2</FONT></P>

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<FILENAME>c114195_ex99-2.htm
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<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><A NAME="a_Hlk146667645"></A>Exhibit 99.2</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-transform: uppercase; text-align: center">ASSISTANT SECRETARY&rsquo;S
CERTIFICATE</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The undersigned hereby certifies that he is
the Assistant Secretary of Lazard Active ETF Trust, The Lazard Funds, Inc., Lazard Retirement Series, Inc. and Lazard Global Total Return
and Income Fund, Inc., each a Maryland corporation (each, a &ldquo;Fund&rdquo; and any two or more together or collectively, the &ldquo;Funds&rdquo;).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The undersigned also hereby certifies that
the following is a true and correct copy of the resolutions duly adopted by a vote at a joint meeting of the Boards of Directors/Trustees
of the Funds (the &ldquo;Board&rdquo;) on September 30, 2025; that the passage of said resolutions by the Board, including a majority
of the Directors/Trustees who are not &ldquo;interested persons,&rdquo; as defined in the Investment Company Act of 1940, as amended (the
&ldquo;1940 Act&rdquo;), of the Funds (the &ldquo;Independent Directors&rdquo;), was in all respects legal; and that said resolutions
are in full force and effect:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><A NAME="a_Hlk209021806"></A><B>RESOLVED</B>,
that, with respect to each Fund, it is the determination of the Board, including a majority of the Independent Directors, that the fidelity
bond (the &ldquo;Bond&rdquo;) written by Federal Insurance Company in the amount of $9,300,000, insuring each Fund for covered acts or
omissions of their respective officers and employees, in accordance with the requirements of Rule 17g-1 promulgated by the SEC under Section
17(g) of the 1940 Act, is reasonable in form and amount after having given due consideration to all relevant factors including, but not
limited to, the value of the aggregate assets of each Fund to which any such covered person may have access, the type and terms of the
arrangements made for the custody and safekeeping of such assets and the nature of the securities in a Fund&rsquo;s portfolio or portfolios;
and further</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><B>RESOLVED</B>, that the Board, including
a majority of the Independent Directors, hereby approves the payment by or on behalf of each Fund of the portion of the premium for coverage
under the Bond, which is determined based upon the premium that would have been paid by or on behalf of each Fund if each had provided
and maintained a single insured bond, having given due consideration to all relevant factors including, but not limited to, the number
of Funds, the nature of the business activities of the Funds, the amount of the Bond, the amount of the premium for the Bond, the ratable
allocation of the premium among the Funds and the other Parties, and the extent to which the share of the premium allocated to a Fund
is less than the premium the Fund would have had to pay if each had provided and maintained a single insured bond; and further</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><B>RESOLVED</B>, that the Board hereby
acknowledges that certain rights and responsibilities of the Funds with respect to the Bond and recoveries thereunder shall be governed
by the terms of the Joint Insured Fidelity Bond Agreement among the Funds, to be re-executed on behalf of each Fund by any of the President,
any Vice President, the Secretary, any Assistant Secretary, the Chief Financial Officer or the Treasurer of the Funds, substantially in
the form of the current Fidelity Bond Agreement, to be effective for the term of the Bond; and further</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><B>RESOLVED</B>, that each of the appropriate
officers of the Funds be, and hereby is, authorized to take such actions as may be required to amend the Bond to include in the coverage
new funds advised by LAM or its affiliates, as of the date each is organized or commences operations; and further</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><B>RESOLVED</B>, that each of the President,
any Vice President, the Secretary, any Assistant Secretary, the Chief Financial Officer and the Treasurer be, and hereby is, designated
as </P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify">the officer responsible for making all filings with the SEC and giving all notices on behalf of the Funds with respect to the Bond
required by paragraph (g) of Rule 17g-1; and further</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><B>RESOLVED</B>, that in the event that
the amount of the Bond is required in the future to be increased in order to satisfy the minimum bonding requirements of Rule 17g-1, each
of the Secretary and any Assistant Secretary be, and hereby is, authorized to take such actions as may be necessary to increase the amount
of the Bond coverage to comply with such requirements and to allocate the additional premium payable on the Bond among the Funds based
upon the premium that would have been paid by or on behalf of a Fund if each had provided and maintained a single insured bond, determined
as of the end of the last business day of the month preceding the effective date of the change in coverage; and further</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify"><B>RESOLVED</B>, that the actions taken
by an appropriate officer or officers of the Funds, on behalf of the relevant Portfolio(s), in respect of the matters referred to in the
preceding resolutions be, and hereby are, ratified, adopted and confirmed in all respects.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Dated this 8th day of October, 2025</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5in"><U>/s/ Robert Spiro&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5in"><FONT STYLE="text-decoration: none">Robert Spiro</FONT></P>

<P STYLE="text-align: center; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="text-decoration: none">-2-&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>c114195_ex99-3.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><A NAME="a_Hlk146791328"></A>Exhibit 99.3</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-transform: uppercase; text-align: center">lazard active
etf trust<BR>
THE LAZARD FUNDS, INC.<BR>
LAZARD RETIREMENT SERIES, INC.<BR>
LAZARD GLOBAL TOTAL RETURN AND INCOME FUND, INC.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-transform: uppercase; text-align: center"><FONT STYLE="text-transform: none"><U>Amended
Joint Fidelity Bond Agreement</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">THIS AGREEMENT is made
as of September 30, 2025 by and among Lazard Global Total Return and Income Fund, Inc., Lazard Active ETF Trust, The Lazard Funds Inc.
and Lazard Retirement Series, Inc (the &ldquo;Funds&rdquo;), including on behalf of any of their current and future series thereof, as
applicable (individually, a &ldquo;Portfolio,&rdquo; and collectively, the &ldquo;Portfolios&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, the Portfolios
have been named as Assureds under the joint insured fidelity bond issued by the Federal Insurance Company, a member of the Chubb Group
of Insurance Companies (the &ldquo;Bond&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, the Funds further
desire to establish (i) the criteria by which the premium for the Bond shall be allocated among the Portfolios currently in operation,
and (ii) the criteria by which recoveries under the Bond shall be allocated among the Funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, it is agreed
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">1. Each Portfolio shall
bear (including having its investment adviser bear) a portion of the Bond&rsquo;s premium, which shall be determined as of a specified
date (which is the same for all Portfolios), determined by calculating the proportion which the premium that would have been paid by the
Portfolio if it had provided and maintained a single insured bond bears to the aggregate of the premiums that would have been paid by
all of the Portfolios had each provided and maintained a single insured bond and applying said proportion to the Bond&rsquo;s premium,
unless the Funds determine that it would be more equitable for certain Portfolios to bear a different amount. From time to time, adjustments
may be made by mutual agreement of the Funds to the portion of the balance of the premium to be borne by a Portfolio, based on a subsequent
change or changes in the net assets of one or more Portfolios or the creation or liquidation of a Portfolio or Portfolios.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">2. If the claims or loss
of two or more of the Funds under the Bond are so related that the insurer is entitled to assert that the clams must be aggregated, the
following rules shall determine, between or among the claimants, the priority of satisfaction of the claims under the Bond.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">A. Each Fund claimant
shall receive not less than the lesser of (i) the proceeds equal to the full amount of its claim, or (ii) the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage which such Fund would have been required to carry
pursuant to Rule 17g-1(d)(1) under the Investment Company Act of 1940, as amended, at the time the claim arose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">B. Subject to the preceding
paragraph, as respects each affected Fund, proceeds in respect of a claim under the Bond shall be applied to the unsatisfied claim (or
portion thereof) of each affected Portfolio by calculating the proportion which the unsatisfied claim (or portion thereof) of each Portfolio
bears to the unsatisfied claims (or portions thereof) of all Portfolios of that Fund and applying said proportion to the remaining amount
of proceeds paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">3. This Agreement shall
become effective as of the date written above and shall remain in full force and effect with respect to the Bond during the effective
period of the Bond, as specified therein. Any Fund may withdraw from this Agreement upon written notice to the other Funds. The withdrawing
Fund shall be entitled to receive an amount equal to the portion of the share of the premium on the Bond borne by the withdrawing party
which is proportional to the unexpired term of the Bond for which the premium has been paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">4. The obligations of the
Funds are not binding upon any of the Board members or holders of shares or interests of any such Fund individually.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF each
Fund has caused this Agreement to be executed on their behalf by their officer hereunto duly authorized as of the day and year written
above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">LAZARD ACTIVE ETF TRUST</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.25in; text-indent: -0.25in">By: <U>/s/ Mark R. Anderson<BR>
</U>Mark R. Anderson<BR>
Secretary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">THE LAZARD FUNDS, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.25in; text-indent: -0.25in">By: <U>/s/ Mark R. Anderson<BR>
</U>Mark R. Anderson<BR>
Secretary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">LAZARD RETIREMENT SERIES, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.25in; text-indent: -0.25in">By: <U>/s/ Mark R. Anderson<BR>
</U>Mark R. Anderson<BR>
Secretary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">LAZARD GLOBAL TOTAL RETURN AND INCOME FUND, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.25in; text-indent: -0.25in">By: <U>/s/ Mark R. Anderson<BR>
</U>Mark R. Anderson<BR>
Secretary</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt">-2-<A NAME="a_Hlk146791329"></A>&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
