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center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;">
black face="times new roman" lang=EN-US style="font-size:18.0pt;letter-spacing:-.2pt;line-height:normal;">ICI
MUTUAL INSURANCE COMPANY,
black face="times new roman" lang=EN-US style="font-size:16.0pt;letter-spacing:-.2pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">1401 H St. NW
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Washington, DC 20005
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> black face="times new roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">
center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
EN-US style="font-size:12.0pt;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;letter-spacing:-.2pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY,
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:16.0pt;letter-spacing:-.2pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:10.5pt;letter-spacing:-.1pt;line-height:normal;">1401 H St. NW
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:10.5pt;letter-spacing:-.1pt;line-height:normal;">Washington, DC 20005
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> courier lang=EN-US style="font-size:8.0pt;letter-spacing:-.1pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"> EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">DECLARATIONS
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> courier lang=EN-US style="font-size:8.0pt;letter-spacing:-.1pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:10.0pt;line-height:normal;">NOTICE
EN-US style="font-size:10.0pt;line-height:normal;">This policy is issued by your risk retention group. Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for your risk retention group.
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Item 1. EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Name of Insured (the “Insured”) Bond Number:
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> Principal Office: EN-US style="font-size:11.0pt;line-height:normal;"> EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Mailing Address:
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> One Franklin Parkway 970/3 One Franklin Parkway 970/3
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> San Mateo, CA 94403-1906 San Mateo, CA 94403-1906
EN-US style="font-size:9.0pt;line-height:normal;">
EN-US style="font-size:1.0pt;letter-spacing:-.1pt;line-height:normal;">
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Item 2. |
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Bond Period: from 12:01 a.m. on |
top width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
center style="margin-bottom:0in;margin-left:0pt;margin-right:0pt;margin-top:0in;text-align:center;"> June 30, 2024 |
top width=17% style="padding:0in 5.4pt 0in 5.4pt;">
, to 12:01 a.m. on |
top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
center style="margin-bottom:0in;margin-left:0pt;margin-right:0pt;margin-top:0in;text-align:center;"> June 30, 2025 |
top width=8% style="padding:0in 5.4pt 0in 5.4pt;">
, or |
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">the earlier effective date of the termination of this Bond, standard time at the Principal Office as to each of said dates.
|
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Item 3. |
4 valign=top width=89% style="border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
Limit of Liability— |
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4 valign=top width=89% style="padding:0in 5.4pt 0in 5.4pt;">
Subject to Sections 9, 10 and 12 hereof: |
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bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
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bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
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bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
center style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:center;"> LIMIT OF center style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:center;"> LIABILITY |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
center style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:center;"> DEDUCTIBLE center style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:center;"> AMOUNT |
|
bottom width=11% style="padding:0in 5.4pt 0in 5.4pt;">
|
bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement A- |
bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
FIDELITY |
bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $100,000,000 |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> Not Applicable |
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bottom width=11% style="padding:0in 5.4pt 0in 5.4pt;">
|
bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement B- |
bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
AUDIT EXPENSE |
bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $50,000 |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:13.65pt;margin-top:0in;text-align:right;"> $10,000 |
|
bottom width=11% style="padding:0in 5.4pt 0in 5.4pt;">
|
bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement C- |
bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
ON PREMISES |
bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $100,000,000 |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:13.65pt;margin-top:0in;text-align:right;"> $250,000 |
|
bottom width=11% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
|
bottom width=21% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement D- |
bottom width=37% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
IN TRANSIT |
bottom width=15% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $100,000,000 |
bottom width=16% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:13.65pt;margin-top:0in;text-align:right;"> $250,000 |
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bottom width=11% style="padding:0in 5.4pt 0in 5.4pt;">
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bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement E- |
bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
FORGERY OR ALTERATION |
bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $100,000,000 |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:13.65pt;margin-top:0in;text-align:right;"> $250,000 |
|
bottom width=11% style="padding:0in 5.4pt 0in 5.4pt;">
|
bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement F- |
bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
SECURITIES |
bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $100,000,000 |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:13.65pt;margin-top:0in;text-align:right;"> $250,000 |
|
bottom width=11% style="padding:0in 5.4pt 0in 5.4pt;">
|
bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement G- |
bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
COUNTERFEIT CURRENCY |
bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $100,000,000 |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:13.65pt;margin-top:0in;text-align:right;"> $250,000 |
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bottom width=11% style="padding:0in 5.4pt 0in 5.4pt;">
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bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement H- |
bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
UNCOLLECTIBLE ITEMS OF DEPOSIT |
bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $25,000 |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:13.65pt;margin-top:0in;text-align:right;"> $5,000 |
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bottom width=11% style="padding:0in 5.4pt 0in 5.4pt;">
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bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement I- |
bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
PHONE/ELECTRONIC TRANSACTIONS |
bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $100,000,000 |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:13.65pt;margin-top:0in;text-align:right;"> $250,000 |
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4 valign=bottom width=89% style="padding:0in 5.4pt 0in 5.4pt;">
If “Not Covered” is inserted opposite any Insuring Agreement above, such Insuring Agreement and any reference thereto shall be deemed to be deleted from this Bond. |
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4 valign=bottom width=89% style="padding:0in 5.4pt 0in 5.4pt;">
OPTIONAL INSURING AGREEMENTS ADDED BY RIDER: |
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bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement J- |
bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
COMPUTER SECURITY |
bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $100,000,000 |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:0in;margin-left:0pt;margin-right:13.65pt;margin-top:0in;text-align:right;"> $250,000 |
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bottom width=11% style="padding:0in 5.4pt 0in 5.4pt;">
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bottom width=21% style="padding:0in 5.4pt 0in 5.4pt;">
Insuring Agreement M- |
bottom width=37% style="padding:0in 5.4pt 0in 5.4pt;">
SOCIAL ENGINEERING FRAUD |
bottom width=15% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:4.0pt;margin-left:0pt;margin-right:0in;margin-top:0in;text-align:right;"> $1,000,000 |
bottom width=16% style="padding:0in 5.4pt 0in 5.4pt;">
right style="margin-bottom:4.0pt;margin-left:0pt;margin-right:13.65pt;margin-top:0in;text-align:right;"> $250,000 |
EN-US style="font-size:1.0pt;letter-spacing:-.1pt;line-height:normal;">
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Item EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">4. EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> Offices or Premises Covered--All the Insured’s offices or other premises in existence at the time this Bond becomes effective are covered under this Bond, except the offices or other premises excluded by Rider. Offices or other premises acquired or established after the effective date of this Bond are covered subject to the terms of General Agreement A.
EN-US style="font-size:4.0pt;letter-spacing:-.1pt;line-height:normal;">
left alt="Blanket Bond (05:23)" height=29 src="x24111510023900.gif" width=126>
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Item 5.
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> The
liability of ICI Mutual Insurance Company, a Risk Retention Group (the “Underwriter”)
is subject to the terms of the following Riders attached hereto:
EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> Riders: 1-2-3-4-5-6-7-8-9-10-11
EN-US style="font-size:9.0pt;letter-spacing:-.1pt;line-height:normal;">
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> and of all Riders applicable to this Bond issued during the Bond Period. EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">By: _____ EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">/S/ Maggie Sullivan EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">________ By: _____ EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">/S/ Catherine Dalton EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">____________
EN-US style="font-size:10.0pt;line-height:normal;">Authorized EN-US style="font-size:10.0pt;letter-spacing:-.1pt;line-height:normal;"> Representative EN-US style="font-size:10.0pt;line-height:normal;"> Authorized EN-US style="font-size:10.0pt;letter-spacing:-.1pt;line-height:normal;"> Representative
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> black face="times new roman" lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:11.0pt;line-height:normal;">NOTICE
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:11.0pt;line-height:normal;">
EN-US style="font-size:11.0pt;line-height:normal;">This policy is issued by your risk retention group. Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for your risk retention group.
EN-US style="font-size:11.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">ICI Mutual Insurance Company, a Risk Retention Group (the “Underwriter”), in consideration of an agreed premium, and in reliance upon the Application and all other information furnished to the Underwriter by the Insured, and subject to and in accordance with the Declarations, General Agreements, Provisions, Conditions and Limitations and other terms of this bond (including all riders hereto) (“Bond”), to the extent of the Limit of Liability and subject to the Deductible Amount, agrees to indemnify the Insured for the loss, as described in the Insuring Agreements, sustained by the Insured at any time but discovered during the Bond Period.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">INSURING AGREEMENTS
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">A. FIDELITY
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Loss resulting directly from any Dishonest or Fraudulent Act committed by an Employee, committed anywhere and whether committed alone or in collusion with other persons (whether or not Employees), during the time such Employee has the status of an Employee as defined herein, and even if such loss is not discovered until after he or she ceases to be an Employee; and EXCLUDING loss covered under Insuring Agreement B.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">B. AUDIT EXPENSE
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Expense incurred by the Insured for that part of the costs of audits or examinations required by any governmental regulatory authority or Self-Regulatory Organization to be conducted by such authority or Organization or by an independent accountant or other person, by reason of the discovery of loss sustained by the Insured and covered by this Bond.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">C. ON PREMISES
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Loss of Property resulting directly from any Mysterious Disappearance, or any Dishonest or Fraudulent Act committed by a person physically present in an office or on the premises of the Insured at the time the Property is surrendered, while the Property is (or reasonably supposed or believed by the Insured to be) lodged or deposited within the Insured’s offices or premises located anywhere, except those offices excluded by Rider; and EXCLUDING loss covered under Insuring Agreement A.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">D. IN TRANSIT
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Loss of Property resulting directly from any Mysterious Disappearance or Dishonest or Fraudulent Act while the Property is physically (not electronically) in transit anywhere in the custody of any person authorized by an Insured to act as a messenger, except while in the mail or with a carrier for hire (other than a Security Company); and EXCLUDING loss covered under Insuring Agreement A. Property is “in transit” beginning immediately upon receipt of such Property by the transporting person and ending immediately upon delivery to the designated recipient or its agent, but only while the Property is being conveyed.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">E. FORGERY OR ALTERATION
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Loss resulting directly from the Insured having, in good faith, paid or transferred any Property in reliance upon any Written, Original:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) bills of exchange, checks, drafts, or other written orders or directions to pay sums certain in money, acceptances, certificates of deposit, due bills, money orders, warrants, orders upon public treasuries, or letters of credit; or
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) instructions, requests or applications directed to the Insured, authorizing or acknowledging the transfer, payment, redemption, delivery or receipt of money or Property, or giving notice of any bank account (provided such instructions or requests or applications purport to have been signed or endorsed by (a) any customer of the Insured, or (b) any shareholder of or subscriber to shares issued by any Investment Company, or (c) any financial or banking institution or stockbroker, and further provided such instructions, requests, or applications either bear the forged signature or endorsement or have been altered without the knowledge and consent of such customer, such shareholder or subscriber to shares issued by an Investment Company, or such financial or banking institution or stockbroker); or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(3) withdrawal orders or receipts for the withdrawal of Property, or receipts or certificates of deposit for Property and bearing the name of the Insured as issuer or of another Investment Company for which the Insured acts as agent;
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">which bear (a) a Forgery, or (b) an Alteration, but only to the extent that the Forgery or Alteration directly causes the loss.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Actual physical possession by the Insured or its authorized representative of the items listed in (1)through (3) above is a condition precedent to the Insured having relied upon the items.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Insuring Agreement E does not cover loss caused by Forgery or Alteration of Securities or loss covered under Insuring Agreement A.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">F. SECURITIES
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Loss resulting directly from the Insured, in good faith, in the ordinary course of business, and in any capacity whatsoever, whether for its own account or for the account of others, having acquired, accepted or received, or sold or delivered, or given any value, extended any credit or assumed any liability in reliance on any Written, Original Securities, where such loss results from the fact that such Securities prove to:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) be Counterfeit, but only to the extent that the Counterfeit directly causes the loss, or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) be lost or stolen, or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(3) contain a Forgery or Alteration, but only to the extent the Forgery or Alteration directly causes the loss,
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">and notwithstanding whether or not the act of the Insured causing such loss violated the constitution, by-laws, rules, or regulations of any Self-Regulatory Organization, whether or not the Insured was a member thereof.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Insuring Agreement F does not cover loss covered under Insuring Agreement A.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Actual physical possession by the Insured or its authorized representative of the Securities is a condition precedent to the Insured having relied upon the Securities.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">G. EN-US style="font-size:11.0pt;line-height:normal;">COUNTERFEIT CURRENCY
EN-US style="font-size:11.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">Loss resulting directly from the receipt by the Insured, in good faith of any Counterfeit Currency.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Insuring Agreement G does not cover loss covered under Insuring Agreement A.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">H. UNCOLLECTIBLE ITEMS OF DEPOSIT
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Loss resulting directly from the payment of dividends, issuance of Fund shares or redemptions or exchanges permitted from an account with the Fund as a consequence of
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) uncollectible Items of Deposit of a Fund’s customer, shareholder or subscriber credited by the Insured or its agent to such person’s Fund account, or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) any Item of Deposit processed through an automated clearing house which is reversed by a Fund’s customer, shareholder or subscriber and is deemed uncollectible by the Insured;
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">PROVIDED, that (a) Items of Deposit shall not be deemed uncollectible until the Insured’s collection procedures have failed, (b) exchanges of shares between Funds with exchange privileges shall be covered hereunder only if all such Funds are insured by the Underwriter for uncollectible Items of Deposit, and (c) the Insured Fund shall have implemented and maintained a policy to hold Items of Deposit for the minimum number of days stated in its Application (as amended from time to time) before paying any dividend or permitting any withdrawal with respect to such Items of Deposit (other than exchanges between Funds). Regardless of the number of transactions between Funds in an exchange program, the minimum number of days an Item of Deposit must be held shall begin from the date the Item of Deposit was first credited to any Insured Fund.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Insuring Agreement H does not cover loss covered under Insuring Agreement A.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">I. PHONE/ELECTRONIC TRANSACTIONS
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Loss resulting directly from a Phone/Electronic Transaction, where the request for such Phone/Electronic Transaction:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) is transmitted to the Insured or its agents by voice over the telephone or by Electronic Transmission; and
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) is made by an individual purporting to be a Fund shareholder or subscriber or an authorized agent of a Fund shareholder or subscriber; and
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(3) is unauthorized or fraudulent and is made with the manifest intent to deceive;
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">PROVIDED, that the entity receiving such request generally maintains and follows during the Bond Period all Phone/Electronic Transaction Security Procedures with respect to all Phone/Electronic Transactions; and
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">EXCLUDING loss resulting from:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) the failure to pay for shares attempted to be purchased; or
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) any redemption of Investment Company shares which had been improperly credited to a shareholder’s account where such shareholder (a) did not cause, directly or indirectly, such shares to be credited to such account, and (b) directly or indirectly received any proceeds or other benefit from such redemption; or
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(3) any redemption of shares issued by an Investment Company where the proceeds of such redemption were requested (i) to be paid or made payable to other than an Authorized Recipient or an Authorized Bank Account or (ii) to be sent to other than an Authorized Address;
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(4) the intentional failure to adhere to one or more Phone/Electronic Transaction Security Procedures; or
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(5) a Phone/Electronic Transaction request transmitted by black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;"> electronic mail or transmitted by any method not subject to the Phone/Electronic Transaction Security Procedures; or
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(6) the failure or circumvention of any physical or electronic protection device, including any firewall, that imposes restrictions on the flow of electronic traffic in or out of any Computer System.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Insuring Agreement I does not cover loss covered under Insuring Agreement A, “Fidelity” or Insuring Agreement J, “Computer Security”.
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center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">GENERAL AGREEMENTS
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">A. ADDITIONAL OFFICES OR EMPLOYEES—CONSOLIDATION OR MERGER—NOTICE
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">1. Except as provided in paragraph 2 below, this Bond shall apply to any additional office(s) established by the Insured during the Bond Period and to all Employees during the Bond Period, without the need to give notice thereof or pay additional premiums to the Underwriter for the Bond Period.
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">2. If during the Bond Period an Insured Investment Company shall merge or consolidate with an institution in which such Insured is the surviving entity, or purchase substantially all the assets or capital stock of another institution, or acquire or create a separate investment portfolio, and shall within sixty (60) days notify the Underwriter thereof, then this Bond shall automatically apply to the Property and Employees resulting from such merger, consolidation, acquisition or creation from the date thereof; provided, that the Underwriter may make such coverage contingent upon the payment of an additional premium.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">B. WARRANTY
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">No statement made by or on behalf of the Insured, whether contained in the Application or otherwise, shall be deemed to be an absolute warranty, but only a warranty that such statement is true to the best of the knowledge of the person responsible for such statement.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">C. COURT COSTS AND ATTORNEYS’ FEES
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The Underwriter will indemnify the Insured against court costs and reasonable attorneys’ fees incurred and paid by the Insured in defense of any legal proceeding brought against the Insured seeking recovery for any loss which, if established against the Insured, would constitute a loss covered under the terms of this Bond; provided, however, that with respect to Insuring Agreement A this indemnity shall apply only in the event that:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">1. an Employee admits to having committed or is adjudicated to have committed a Dishonest or Fraudulent Act which caused the loss; or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">2. in the absence of such an admission or adjudication, an arbitrator or arbitrators acceptable to the Insured and the Underwriter concludes, after a review of an agreed statement of facts, that an Employee has committed a Dishonest or Fraudulent Act which caused the loss.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The Insured shall promptly give notice to the Underwriter of any such legal proceeding and upon request shall furnish the Underwriter with copies of all pleadings and other papers therein. At the Underwriter’s election the Insured shall permit the Underwriter to conduct the defense of such legal proceeding in the Insured’s name, through attorneys of the Underwriter’s selection. In such event, the Insured shall give all reasonable information and assistance which the Underwriter shall deem necessary to the proper defense of such legal proceeding.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">If the amount of the Insured’s liability or alleged liability in any such legal proceeding is greater than the amount which the Insured would be entitled to recover under this Bond (other than pursuant to this General Agreement C), or if a Deductible Amount is applicable, or both, the indemnity liability of the Underwriter under this General Agreement C is limited to the proportion of court costs and attorneys’ fees incurred and paid by the Insured or by the Underwriter that the amount which the Insured would be entitled to recover under this Bond (other than pursuant to this General Agreement C) bears to the sum of such amount plus the amount which the Insured is not entitled to recover. Such indemnity shall be in addition to the Limit of Liability for the applicable Insuring Agreement.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">D. INTERPRETATION
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:11.0pt;line-height:normal;">This Bond shall be interpreted with due regard to the purpose of fidelity bonding under Rule 17g-1 under the Investment Company Act of 1940 (i.e., to protect innocent third parties from harm) and to the structure of the investment management industry (in which a loss of Property resulting from a cause described in any Insuring Agreement ordinarily gives rise to a potential legal liability on the part of the Insured), such that the term “loss” as used herein shall include an Insured’s legal liability for direct compensatory damages resulting directly from a misappropriation, or measurable diminution in value, of Property.
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EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
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EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">THIS BOND, INCLUDING THE FOREGOING INSURING AGREEMENTS
AND GENERAL AGREEMENTS, IS SUBJECT TO THE FOLLOWING
black face="times new roman bold" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">PROVISIONS, CONDITIONS AND LIMITATIONS:
EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 1. DEFINITIONS
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The following terms used in this Bond shall have the meanings stated in this Section:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">A. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Alteration” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means the marking, changing or altering in a material way of the terms, meaning or legal effect of a document with the intent to deceive.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">B. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Application” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means the Insured’s application (and any attachments and materials submitted in connection therewith) furnished to the Underwriter for this Bond.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">C. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Authorized Address” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means (1) any Officially Designated address to which redemption proceeds may be sent, (2) any address designated in writing (not to include Electronic Transmission) by the Shareholder of Record and received by the Insured at least one (1) day prior to the effective date of such designation, or (3) any address designated by voice over the telephone or by Electronic Transmission by the Shareholder of Record at least 15 days prior to the effective date of such designation.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">D. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Authorized Bank Account” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means any Officially Designated bank account to which redemption proceeds may be sent.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">E. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Authorized Recipient” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means (1) the Shareholder of Record, or (2) any other Officially Designated person to whom redemption proceeds may be sent.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">F. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Computer System” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means (1) computers with related peripheral components, including storage components, (2) systems and applications software, (3) terminal devices, (4) related communications networks or customer communication systems, and (5) related electronic funds transfer systems; by which data or monies are electronically collected, transmitted, processed, stored or retrieved.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">G. “ black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Convertible Virtual Currency” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means Digital Assets that have an equivalent value in real currency, or that act as a substitute for real currency, including, without limitation, stablecoins and other cryptocurrency.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">H. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Counterfeit” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means a Written imitation of an actual valid Original which is intended to deceive and to be taken as the Original.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">I. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Currency” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means a medium of exchange in current use authorized or adopted by a domestic or foreign government as part of its official currency.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">J. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Deductible Amount” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">K. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Depository” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means any “securities depository” (other than any foreign securities depository) in which an Investment Company may deposit its Securities in accordance with Rule 17f-4 under the Investment Company Act of 1940.
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center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">7 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">L. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Digital Assets” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> mean any digital representations of value which are recorded on cryptographically secured distributed ledgers or any similar technology, including, without limitation, Convertible Virtual Currency and Non-Fungible Tokens.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">M. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Dishonest or Fraudulent Act” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means any dishonest or fraudulent act, including “larceny and embezzlement” as defined in Section 37 of the Investment Company Act of 1940, committed with the conscious manifest intent (1) to cause the Insured to sustain a loss and (2) to obtain an improper financial benefit for the perpetrator or any other person or entity. A Dishonest or Fraudulent Act does not mean or include a reckless act, a negligent act, or a grossly negligent act. As used in this definition, “improper financial benefit” does not include any employee benefits received in the course of employment, including salaries, commissions, fees, bonuses, promotions, awards, profit sharing or pensions.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">N. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Electronic Transmission” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means any transmission effected by electronic means, including but not limited to a transmission effected by telephone tones, Telefacsimile, wireless device, or over the Internet.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">O. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Employee” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) each officer, director, trustee, partner or employee of the Insured, and
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) each officer, director, trustee, partner or employee of any predecessor of the Insured whose principal assets are acquired by the Insured by consolidation or merger with, or purchase of assets or capital stock of, such predecessor, and
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(3) each attorney performing legal services for the Insured and each employee of such attorney or of the law firm of such attorney while performing services for the Insured, and
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(4) each student who is an authorized intern of the Insured, while in any of the Insured’s offices, and
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(5) each officer, director, trustee, partner or employee of
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(a) an investment adviser,
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(b) an underwriter (distributor),
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(c) a transfer agent or shareholder accounting recordkeeper, or
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(d) an administrator authorized by written agreement to keep financial and/or other required records,
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">for an Investment Company named as an Insured, BUT ONLY while (i) such officer, partner or employee is performing acts coming within the scope of the usual duties of an officer or employee of an Insured, or (ii) such officer, director, trustee, partner or employee is acting as a member of any committee duly elected or appointed to examine or audit or have custody of or access to the Property of the Insured, or (iii) such director or trustee (or anyone acting in a similar capacity) is acting outside the scope of the usual duties of a director or trustee; PROVIDED, that the term “Employee” shall not include any officer, director, trustee, partner or employee of a transfer agent, shareholder accounting recordkeeper or administrator (x) which is not an “affiliated person” (as defined in Section 2(a) of the Investment Company Act of 1940) of an Investment Company named as an Insured or of the adviser or underwriter of such Investment Company, or (y) which is a “Bank” (as defined in Section 2(a) of the Investment Company Act of 1940), and
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center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">8 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(6) each individual assigned, by contract or by any agency furnishing temporary personnel, in either case on a contingent or part-time basis, to perform the usual duties of an employee in any office of the Insured, and
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(7) each individual assigned to perform the usual duties of an employee or officer of any entity authorized by written agreement with the Insured to perform services as electronic data processor of checks or other accounting records of the Insured, but excluding a processor which acts as transfer agent or in any other agency capacity for the Insured in issuing checks, drafts or securities, unless included under subsection (5) hereof, and
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">(8) each officer, partner or employee of
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">(a) any Depository or Exchange,
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">(b) any nominee in whose name is registered any Security included in the systems for the central handling of securities established and maintained by any Depository, and
black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">(c) any recognized service company which provides clerks or other personnel to any Depository or Exchange on a contract basis,
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black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">while such officer, partner or employee is performing services for any Depository in the operation of systems for the central handling of securities, and
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(9) in the case of an Insured which is an “employee benefit plan” (as defined in Section 3 of the Employee Retirement Income Security Act of 1974 (“ERISA”)) for officers, directors or employees of another Insured (“In-House Plan”), any “fiduciary” or other “plan official” (within the meaning of Section 412 of ERISA) of such In-House Plan, provided that such fiduciary or other plan official is a director, partner, officer, trustee or employee of an Insured (other than an In-House Plan).
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Each employer of temporary personnel and each entity referred to in subsections (6) and (7) and their respective partners, officers and employees shall collectively be deemed to be one person for all the purposes of this Bond.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Brokers, agents, independent contractors, or representatives of the same general character shall not be considered Employees, except as provided in subsections (3), (6), and (7).
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">P. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Exchange” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means any national securities exchange registered under the Securities Exchange Act of 1934.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Q. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Forgery” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means the physical signing on a document of the name of another person with the intent to deceive. A Forgery may be by means of mechanically reproduced facsimile signatures as well as handwritten signatures. Forgery does not include the signing of an individual’s own name, regardless of such individual’s authority, capacity or purpose.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">R. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Items of Deposit” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means one or more checks or drafts.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">S. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Investment Company” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> or black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">“Fund” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means an investment company registered under the Investment Company Act of 1940.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">T. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Limit of Liability” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.
center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">9 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">U. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Mysterious Disappearance” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means any disappearance of Property which, after a reasonable investigation has been conducted, cannot be explained.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">V. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Non-Fund” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means any corporation, business trust, partnership, trust or other entity which is not an Investment Company.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">W. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Non-Fungible Tokens” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> mean Digital Assets that are unique digital identifiers that are recorded on cryptographically secured distributed ledgers or any similar technology, and that are used to certify authenticity and/or ownership of unique assets that cannot be traded, divided, or exchanged at equivalency.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">X. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Officially Designated” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means designated by the Shareholder of Record:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) in the initial account application,
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) in writing accompanied by a signature guarantee, or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(3) in writing or by Electronic Transmission, where such designation is verified via a callback to the Shareholder of Record by the Insured at a predetermined telephone number provided by the Shareholder of Record to the Insured in writing at least 30 days prior to such callback.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Y. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Original” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means the first rendering or archetype and does not include photocopies or electronic transmissions even if received and printed.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Z. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Phone/Electronic Transaction” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means any (1) redemption of shares issued by an Investment Company, (2) election concerning dividend options available to Fund shareholders, (3) exchange of shares in a registered account of one Fund into shares in an identically registered account of another Fund in the same complex pursuant to exchange privileges of the two Funds, or (4) purchase of shares issued by an Investment Company, which redemption, election, exchange or purchase is requested by voice over the telephone or through an Electronic Transmission.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">AA.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Phone/Electronic
Transaction Security Procedures”
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means security procedures for Phone/
Electronic Transactions as set forth in the Application and/or as otherwise
provided in writing to the Underwriter.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">BB. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Property” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means the following tangible items: money, postage and revenue stamps, precious metals, Securities, bills of exchange, acceptances, checks, drafts, or other written orders or directions to pay sums certain in money, certificates of deposit, due bills, money orders, letters of credit, financial futures contracts, conditional sales contracts, abstracts of title, insurance policies, deeds, mortgages, and assignments of any of the foregoing, and other valuable papers, including books of account and other records used by the Insured in the conduct of its business, and all other instruments similar to or in the nature of the foregoing (but excluding all data processing records), (1) in which the Insured has a legally cognizable interest, (2) in which the Insured acquired or should have acquired such an interest by reason of a predecessor’s declared financial condition at the time of the Insured’s consolidation or merger with, or purchase of the principal assets of, such predecessor or (3) which are held by the Insured for any purpose or in any capacity.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">CC. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Securities” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means original negotiable or non-negotiable agreements or instruments which represent an equitable or legal interest, ownership or debt (including stock certificates, bonds, promissory notes, and assignments thereof), which are in the ordinary course of business transferable by physical delivery with appropriate endorsement or assignment. “Securities” does not include bills of exchange, black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">acceptances, certificates of deposit, checks, drafts, or other written orders or directions to pay sums certain in money, due bills, money orders, or letters of credit.
center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">10 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">DD. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Security Company” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means an entity which provides or purports to provide the transport of Property by secure means, including, without limitation, by use of armored vehicles or guards.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">EE. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Self-Regulatory Organization” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means any association of investment advisers or securities dealers registered under the federal securities laws, or any Exchange.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">FF. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Shareholder of Record” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means the record owner of shares issued by an Investment Company or, in the case of joint ownership of such shares, all record owners, as designated (1) in the initial account application, or (2) in writing accompanied by a signature guarantee, or (3) pursuant to procedures as set forth in the Application and/or as otherwise provided in writing to the Underwriter.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">GG. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Single Loss” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) all loss caused by any one act (other than a Dishonest or Fraudulent Act) committed by one person, or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) all loss caused by Dishonest or Fraudulent Acts committed by one person, or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(3) all expenses incurred with respect to any one audit or examination, or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(4) all loss caused by any one occurrence or event other than those specified in subsections (1)through (3) above.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">All acts or omissions of one or more persons which directly or indirectly aid or, by failure to report or otherwise, permit the continuation of an act referred to in subsections (1) and (2) above of any other person shall be deemed to be the acts of such other person for purposes of this subsection.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">All acts or occurrences or events which have as a common nexus any fact, circumstance, situation, transaction or series of facts, circumstances, situations, or transactions shall be deemed to be one act, one occurrence, or one event.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">HH. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Telefacsimile” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means a system of transmitting and reproducing fixed graphic material (as, for example, printing) by means of signals transmitted over telephone lines or over the Internet.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">II. black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> “Written” black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> means expressed through letters or marks placed upon paper and visible to the eye.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 2. EXCLUSIONS
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">THIS BOND DOES NOT COVER:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">A. Loss resulting from (1) riot or civil commotion outside the United States of America and Canada, or (2) war, revolution, insurrection, action by armed forces, or usurped power, wherever occurring; except if such loss occurs while the Property is in transit, is otherwise covered under Insuring Agreement D, and when such transit was initiated, the Insured or any person initiating such transit on the Insured’s behalf had no knowledge of such riot, civil commotion, war, revolution, insurrection, action by armed forces, or usurped power.
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center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">11 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">B. Loss in time of peace or war resulting from nuclear fission or fusion or radioactivity, or biological or chemical agents or hazards, or fire, smoke, or explosion, or the effects of any of the foregoing.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">C. Loss resulting from any Dishonest or Fraudulent Act committed by any person while acting in the capacity of a member of the Board of Directors or any equivalent body of the Insured or of any other entity.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">D. Loss resulting from any nonpayment or other default of any loan or similar transaction made by the Insured or any of its partners, directors, officers or employees, whether or not authorized and whether procured in good faith or through a Dishonest or Fraudulent Act, unless such loss is otherwise covered under Insuring Agreement A, E, or F.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">E. Loss resulting from any violation by the Insured or by any Employee of any law, or any rule or regulation pursuant thereto or adopted by a Self-Regulatory Organization, regulating the issuance, purchase or sale of securities, securities transactions upon security exchanges or over the counter markets, Investment Companies, or investment advisers, unless such loss, in the absence of such law, rule or regulation, would be covered under Insuring Agreement A, E, or F.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">F. Loss resulting from Property that is black face="times new roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">the object of a Dishonest or Fraudulent Act or Mysterious Disappearance black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">while in the custody of any Security Company, unless such loss is covered under this Bond and is in excess of the amount recovered or received by the Insured under (1) the Insured’s contract with such Security Company, and (2) insurance or indemnity of any kind carried by such Security Company for the benefit of, or otherwise available to, users of its service, in which case this Bond shall cover only such excess, subject to the applicable Limit of Liability and Deductible Amount.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">G. Potential income, including but not limited to interest and dividends, not realized by the Insured because of a loss covered under this Bond, except when covered under Insuring Agreement H.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">H. Loss in the form of (1) damages of any type for which the Insured is legally liable, except direct compensatory damages, or (2) taxes, fines, or penalties, including without limitation two-thirds of treble damage awards pursuant to judgments under any statute or regulation.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">I. Loss resulting from the surrender of Property away from an office of the Insured as a result of kidnap, ransom, or extortion, or a threat
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) to do bodily harm to any person, except where the Property is in transit in the custody of any person acting as messenger as a result of a threat to do bodily harm to such person, if the Insured had no knowledge of such threat at the time such transit was initiated, or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) to do damage to the premises or Property of the Insured,
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">unless such loss is otherwise covered under Insuring Agreement A.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">J. All costs, fees, and other expenses incurred by the Insured in establishing the existence of or amount of loss covered under this Bond, except to the extent certain audit expenses are covered under Insuring Agreement B.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">K. Loss resulting from payments made to or withdrawals from any account, involving funds erroneously credited to such account, unless such loss is otherwise covered under Insuring Agreement A.
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center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">12 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">L. Loss resulting from uncollectible Items of Deposit which are drawn upon a financial institution outside the United States of America, its territories and possessions, or Canada.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">M. Loss resulting from the Dishonest or Fraudulent Acts or other acts or omissions of an Employee primarily engaged in the sale of shares issued by an Investment Company to persons other than (1) a person registered as a broker under the Securities Exchange Act of 1934 or (2) an “accredited investor” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, which is not an individual.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">N. Loss resulting from the use of credit, debit, charge, access, convenience, identification, cash management or other cards, whether such cards were issued or purport to have been issued by the Insured or by anyone else, unless such loss is otherwise covered under Insuring Agreement A.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">O. Loss resulting from any purchase, redemption or exchange of securities issued by an Investment Company or other Insured, or any other instruction, request, acknowledgement, notice or transaction involving securities issued by an Investment Company or other Insured or the dividends in respect thereof, when any of the foregoing is requested, authorized or directed or purported to be requested, authorized or directed by voice over the telephone or by Electronic Transmission, unless such loss is otherwise covered under Insuring Agreement A or Insuring Agreement I.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">P. Loss resulting from any Dishonest or Fraudulent Act or committed by an Employee as defined in Section 1.O(2), unless such loss (1) could not have been reasonably discovered by the due diligence of the Insured at or prior to the time of acquisition by the Insured of the assets acquired from a predecessor, and (2) arose out of a lawsuit or valid claim brought against the Insured by a person unaffiliated with the Insured or with any person affiliated with the Insured.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Q. Loss resulting from the unauthorized entry of data into, or the deletion or destruction of data in, or the change of data elements or programs within, any Computer System, unless such loss is otherwise covered under Insuring Agreement A.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">R. Loss resulting from the theft, disappearance, destruction, disclosure, or unauthorized use of confidential or personal information (including, but not limited to, trade secrets, personal shareholder or client information, shareholder or client lists, personally identifiable financial or medical information, intellectual property, or any other type of non-public information), whether such information is owned by the Insured or held by the Insured in any capacity (including concurrently with another person); provided, however, this exclusion shall not apply to loss arising out of the use of such information to support or facilitate the commission of an act otherwise covered by this Bond.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">S. All costs, fees, and other expenses arising from a data security breach or incident, including, but not limited to, forensic audit expenses, fines, penalties, expenses to comply with federal and state laws and expenses related to notifying affected individuals.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">T. Loss resulting from vandalism or malicious mischief.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">U. Loss resulting from the theft, disappearance, or destruction of Digital Assets or from the change in value of Digital Assets, unless such loss (1) is sustained by any investment company registered under the Investment Company Act of 1940 that is named as an Insured and (2) is otherwise covered under Insuring Agreement A.
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center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">13 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 3. ASSIGNMENT OF RIGHTS
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Upon payment to the Insured hereunder for any loss, the Underwriter shall be subrogated to the extent of such payment to all of the Insured’s rights and claims in connection with such loss; provided, however, that the Underwriter shall not be subrogated to any such rights or claims one named Insured under this Bond may have against another named Insured under this Bond. At the request of the Underwriter, the Insured shall execute all assignments or other documents and take such action as the Underwriter may deem necessary or desirable to secure and perfect such rights and claims, including the execution of documents necessary to enable the Underwriter to bring suit in the name of the Insured.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Assignment of any rights or claims under this Bond shall not bind the Underwriter without the Underwriter’s written consent.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 4. LOSS black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">— black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">NOTICE black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">— black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">PROOF black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">— black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">LEGAL PROCEEDINGS
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Bond is for the use and benefit only of the Insured and the Underwriter shall not be liable hereunder to anyone other than the Insured. As soon as practicable and not more than sixty (60) days after discovery of any loss covered hereunder, the Insured shall give the Underwriter written notice thereof and, as soon as practicable and within one year after such discovery, shall also furnish to the Underwriter affirmative proof of loss with full particulars. The Underwriter may extend the sixty-day notice period or the one-year proof of loss period if the Insured requests an extension and shows good cause therefor.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The Insured shall provide the Underwriter with such information, assistance, and cooperation as the Underwriter may reasonably request.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">See also General Agreement C (Court Costs and Attorneys’ Fees).
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The Underwriter shall not be liable hereunder for loss of Securities unless each of the Securities is identified in such proof of loss by a certificate or bond number or by such identification means as the Underwriter may require. The Underwriter shall have a reasonable period after receipt of a proper affirmative proof of loss within which to investigate the claim, but where the Property is Securities and the loss is clear and undisputed, settlement shall be made within forty-eight (48) hours even if the loss involves Securities of which duplicates may be obtained.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The Insured shall not bring legal proceedings against the Underwriter to recover any loss hereunder prior to sixty (60) days after filing such proof of loss or subsequent to twenty-four (24) months after the discovery of such loss or, in the case of a legal proceeding to recover hereunder on account of any judgment against the Insured in or settlement of any suit mentioned in General Agreement C or to recover court costs or attorneys’ fees paid in any such suit, twenty-four (24) months after the date of the final judgment in or settlement of such suit. If any limitation in this Bond is prohibited by any applicable law, such limitation shall be deemed to be amended to be equal to the minimum period of limitation permitted by such law.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Notice hereunder shall be given to Manager, Professional Liability Claims, ICI Mutual Insurance Company, RRG, 1401 H St. NW, Washington, DC 20005, with an electronic copy to LegalSupport@icimutual.com.
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center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">14 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 5. DISCOVERY
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">For all purposes under this Bond, a loss is discovered, and discovery of a loss occurs, when the Insured
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) becomes aware of facts, or
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) receives notice of an actual or potential claim by a third party which alleges that the Insured is liable under circumstances,
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">which would cause a reasonable person to assume that a loss of a type covered by this Bond has been or is likely to be incurred, regardless of when the act or acts causing or contributing to such loss occurred, even though the exact amount or details of the loss may not be known.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 6. VALUATION OF PROPERTY
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">For the purpose of determining the amount of any loss hereunder, the value of any Property shall be the market value of such Property at the close of business on the first business day before the discovery of such loss; except that
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(1) black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;"> black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">the value of any Property replaced by the Insured prior to the payment of a claim therefor shall be the actual market value of such Property at the time of replacement, but not in excess of the market value of such Property on the first business day before the discovery of the loss of such Property;
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(2) the value of Securities which must be produced to exercise subscription, conversion, redemption or deposit privileges shall be the market value of such privileges immediately preceding the expiration thereof if the loss of such Securities is not discovered until after such expiration, but if there is no quoted or other ascertainable market price for such Property or privileges referred to in clauses (1) and (2), their value shall be fixed by agreement between the parties or by arbitration before an arbitrator or arbitrators acceptable to the parties; and
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">(3) the value of books of accounts or other records used by the Insured in the conduct of its business shall be limited to the actual cost of blank books, blank pages or other materials if the books or records are reproduced plus the cost of labor for the transcription or copying of data furnished by the Insured for reproduction.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 7. LOST SECURITIES
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The maximum liability of the Underwriter hereunder for lost Securities shall be the payment for, or replacement of, such Securities having an aggregate value not to exceed the applicable Limit of Liability. If the Underwriter shall make payment to the Insured for any loss of EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">S black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">ecurities, the Insured shall assign to the Underwriter all of the Insured’s right, title and interest in and to such Securities. In lieu of such payment, the Underwriter may, at its option, replace such lost Securities, and in such case the Insured shall cooperate to effect such replacement. To effect the replacement of lost Securities, the Underwriter may issue or arrange for the issuance of a lost instrument bond. If the value of such Securities does not exceed the applicable Deductible Amount (at the time of the discovery of the loss), the Insured will pay the usual premium charged for the lost instrument bond and will indemnify the issuer of such bond against all loss and expense that it may sustain because of the issuance of such bond.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">If the value of such Securities exceeds the applicable Deductible Amount (at the time of discovery of the loss), the Insured will pay a proportion of the usual premium charged for the lost instrument bond, black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">equal to the percentage that the applicable Deductible Amount bears to the value of such Securities upon discovery of the loss, and will indemnify the issuer of such bond against all loss and expense that is not recovered from the Underwriter under the terms and conditions of this Bond, subject to the applicable Limit of Liability.
center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">15 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 8. SALVAGE
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">If any recovery is made, whether by the Insured or the Underwriter, on account of any loss within the applicable Limit of Liability hereunder, the Underwriter shall be entitled to the full amount of such recovery to reimburse the Underwriter for all amounts paid hereunder with respect to such loss. If any recovery is made, whether by the Insured or the Underwriter, on account of any loss in excess of the applicable Limit of Liability hereunder plus the Deductible Amount applicable to such loss from any source other than suretyship, insurance, reinsurance, security or indemnity taken by or for the benefit of the Underwriter, the amount of such recovery, net of the actual costs and expenses of recovery, shall be applied to reimburse the Insured in full for the portion of such loss in excess of such Limit of Liability, and the remainder, if any, shall be paid first to reimburse the Underwriter for all amounts paid hereunder with respect to such loss and then to the Insured to the extent of the portion of such loss within the Deductible Amount. The Insured shall execute all documents which the Underwriter deems necessary or desirable to secure to the Underwriter the rights provided for herein.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 9. NON-REDUCTION AND NON-ACCUMULATION OF LIABILITY AND TOTAL LIABILITY
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Prior to its termination, this Bond shall continue in force up to the Limit of Liability for each Insuring Agreement for each Single Loss, notwithstanding any previous loss (other than such Single Loss) for which the Underwriter may have paid or be liable to pay hereunder; PROVIDED, however, that regardless of the number of years this Bond shall continue in force and the number of premiums which shall be payable or paid, the liability of the Underwriter under this Bond with respect to any Single Loss shall be limited to the applicable Limit of Liability irrespective of the total amount of such Single Loss and shall not be cumulative in amounts from year to year or from period to period.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 10. MAXIMUM LIABILITY OF UNDERWRITER; OTHER BONDS OR POLICIES
black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The maximum liability of the Underwriter for any Single Loss covered by any Insuring Agreement under this Bond shall be the Limit of Liability applicable to such Insuring Agreement, subject to the applicable Deductible Amount and the other provisions of this Bond. Recovery for any Single Loss may not be made under more than one Insuring Agreement. If any Single Loss covered under this Bond is recoverable or recovered in whole or in part because of an unexpired discovery period under any other bonds or policies issued by the Underwriter to the Insured or to any predecessor in interest of the Insured, the maximum liability of the Underwriter shall be the greater of either (1) the applicable Limit of Liability under this Bond, or (2) the maximum liability of the Underwriter under such other bonds or policies.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 11. OTHER INSURANCE
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Notwithstanding anything to the contrary herein, if any loss covered by this Bond shall also be covered by other insurance or suretyship for the benefit of the Insured, the Underwriter shall be liable hereunder only for the portion of such loss in excess of the amount recoverable under such other insurance or suretyship, but not exceeding the applicable Limit of Liability of this Bond.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">16 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 12. DEDUCTIBLE AMOUNT
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The Underwriter shall not be liable under any Insuring Agreement unless the amount of the loss covered thereunder, after deducting the net amount of all reimbursement and/or recovery received by the Insured with respect to such loss (other than from any other bond, suretyship or insurance policy or as an advance by the Underwriter hereunder) shall exceed the applicable Deductible Amount; in such case the Underwriter shall be liable only for such excess, subject to the applicable Limit of Liability and the other terms of this Bond.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">No Deductible Amount shall apply to any loss covered under Insuring Agreement A sustained by any Investment Company named as an Insured.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 13. TERMINATION
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The Underwriter may terminate this Bond as to any Insured or all Insureds only by written notice to such Insured or Insureds and, if this Bond is terminated as to any Investment Company, to each such Investment Company terminated thereby and to the Securities and Exchange Commission, Washington, D.C., in all cases not less than sixty (60) days prior to the effective date of termination specified in such notice.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The Insured may terminate this Bond only by written notice to the Underwriter not less than sixty (60) days prior to the effective date of the termination specified in such notice. Notwithstanding the foregoing, when the Insured terminates this Bond as to any Investment Company, the effective date of termination shall be not less than sixty (60) days from the date the Underwriter provides written notice of the termination to each such Investment Company terminated thereby and to the Securities and Exchange Commission, Washington, D.C.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Bond will terminate as to any Insured that is a Non-Fund immediately and without notice upon (1)the takeover of such Insured’s business by any State or Federal official or agency, or by any receiver or liquidator, or (2) the filing of a petition under any State or Federal statute relative to bankruptcy or reorganization of the Insured, or assignment for the benefit of creditors of the Insured.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Premiums are earned until the effective date of termination. The Underwriter shall refund the unearned premium computed at short rates in accordance with the Underwriter’s standard short rate cancellation tables if this Bond is terminated by the Insured or pro rata if this Bond is terminated by the Underwriter.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Upon the detection by any Insured that an Employee has committed any Dishonest or Fraudulent Act(s), the Insured shall immediately remove such Employee from a position that may enable such Employee to cause the Insured to suffer a loss by any subsequent Dishonest or Fraudulent Act(s). The Insured, within two (2) business days of such detection, shall notify the Underwriter with full and complete particulars of the detected Dishonest or Fraudulent Act(s).
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">For purposes of this section, detection occurs when any partner, officer, or supervisory employee of any Insured, who is not in collusion with such Employee, becomes aware that the Employee has committed any Dishonest or Fraudulent Act(s).
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Bond shall terminate as to any Employee by written notice from the Underwriter to each Insured and, if such Employee is an Employee of an Insured Investment Company, to the Securities and Exchange Commission, in all cases not less than sixty (60) days prior to the effective date of termination specified in such notice.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">17 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 14. RIGHTS AFTER TERMINATION black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">At any time prior to the effective date of termination of this Bond as to any Insured, such Insured may, by written notice to the Underwriter, elect to purchase the right under this Bond to an additional period of twelve (12) months within which to discover loss sustained by such Insured prior to the effective date of such termination and shall pay an additional premium therefor as the Underwriter may require.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Such additional discovery period shall terminate immediately and without notice upon the takeover of such Insured’s business by any State or Federal official or agency, or by any receiver or liquidator. Promptly after such termination the Underwriter shall refund to the Insured any unearned premium.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The right to purchase such additional discovery period may not be exercised by any State or Federal official or agency, or by any receiver or liquidator, acting or appointed to take over the Insured’s business.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 15. CENTRAL HANDLING OF SECURITIES
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">The Underwriter shall not be liable for loss in connection with the central handling of securities within the systems established and maintained by any Depository (“Systems”), unless the amount of such loss exceeds the amount recoverable or recovered under any bond or policy or participants’ fund insuring the Depository against such loss (the “Depository’s Recovery”); in such case the Underwriter shall be liable hereunder only for the Insured’s share of such excess loss, subject to the applicable Limit of Liability, the Deductible Amount and the other terms of this Bond.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">For determining the Insured’s share of such excess loss, (1) the Insured shall be deemed to have an interest in any certificate representing any security included within the Systems equivalent to the interest the Insured then has in all certificates representing the same security included within the Systems; (2) the Depository shall have reasonably and fairly apportioned the Depository’s Recovery among all those having an interest as recorded by appropriate entries in the books and records of the Depository in Property involved in such loss, so that each such interest shall share in the Depository’s Recovery in the ratio that the value of each such interest bears to the total value of all such interests; and (3) the Insured’s share of such excess loss shall be the amount of the Insured’s interest in such Property in excess of the amount(s) so apportioned to the Insured by the Depository.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Bond does not afford coverage in favor of any Depository or Exchange or any nominee in whose name is registered any security included within the Systems.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 16. ADDITIONAL COMPANIES INCLUDED AS INSURED
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">If more than one entity is named as the Insured:
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">A. the total liability of the Underwriter hereunder for each Single Loss shall not exceed the Limit of Liability which would be applicable if there were only one named Insured, regardless of the number of Insured entities which sustain loss as a result of such Single Loss,
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">B. the Insured first named in Item 1 of the Declarations shall be deemed authorized to make, adjust, and settle, and receive and enforce payment of, all claims hereunder as the agent of each other Insured for such purposes and for the giving or receiving of any notice required or permitted to be given hereunder; provided, that the Underwriter shall promptly furnish each named Insured Investment Company with (1) a copy of this Bond and any amendments thereto, (2) a copy of each black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">formal filing of a claim hereunder by any other Insured, and (3) notification of the terms of the settlement of each such claim prior to the execution of such settlement,
center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">18 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">C. the Underwriter shall not be responsible or have any liability for the proper application by the Insured first named in Item 1 of the Declarations of any payment made hereunder to the first named Insured,
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">D. for the purposes of Sections 4 and 13, knowledge possessed or discovery made by any partner, officer or supervisory Employee of any Insured shall constitute knowledge or discovery by every named Insured,
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">E. if the first named Insured ceases for any reason to be covered under this Bond, then the Insured next named shall thereafter be considered as the first named Insured for the purposes of this Bond, and
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">F. each named Insured shall constitute “the Insured” for all purposes of this Bond.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 17. NOTICE AND CHANGE OF CONTROL
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">Within thirty (30) days after learning that there has been a change in control of an Insured by transfer of its outstanding voting securities the Insured shall give written notice to the Underwriter of:
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">A. the names of the transferors and transferees (or the names of the beneficial owners if the voting securities are registered in another name), and
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">B. the total number of voting securities owned by the transferors and the transferees (or the beneficial owners), both immediately before and after the transfer, and
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">C. the total number of outstanding voting securities.
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">As used in this Section, “control” means the power to exercise a controlling influence over the management or policies of the Insured.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 18. CHANGE OR MODIFICATION
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Bond may only be modified by written Rider forming a part hereof over the signature of the Underwriter’s authorized representative. Any Rider which modifies the coverage provided by Insuring Agreement A, Fidelity, in a manner which adversely affects the rights of an Insured Investment Company shall not become effective until at least sixty (60) days after the Underwriter has given written notice thereof to the Securities and Exchange Commission, Washington, D.C., and to each Insured Investment Company affected thereby.
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black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 19. COMPLIANCE WITH APPLICABLE TRADE AND ECONOMIC SANCTIONS
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">This Bond shall not be deemed to provide any coverage, and the Underwriter shall not be required to pay any loss or provide any benefit hereunder, to the extent that the provision of such coverage, payment of such loss or provision of such benefit would cause the Underwriter to be in violation of any applicable trade or economic sanctions, laws or regulations, including, but not limited to, any sanctions, laws or regulations administered and enforced by the U.S. Department of Treasury Office of Foreign Assets Control (OFAC).
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center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">19 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">SECTION 20. ANTI-BUNDLING
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
black face="times new roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">If any Insuring Agreement requires that an enumerated type of document be Counterfeit, or contain a Forgery or Alteration, the Counterfeit, Forgery, or Alteration must be on or of the enumerated document itself, not on or of some other document submitted with, accompanying or incorporated by reference into the enumerated document.
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EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">IN WITNESS WHEREOF, the Underwriter has caused this Bond to be executed on the Declarations Page.
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:normal;">
center style="margin:0in;text-align:center;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:10.0pt;">20 EN-US style="font-size:10.0pt;"> EN-US style="font-size:12.0pt;"> EN-US style="font-size:8.0pt;">Blanket Bond (05/23)
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY,
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">RIDER NO. 1
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:8.0pt;line-height:normal;">INSURED BOND NUMBER
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:8.0pt;line-height:normal;">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">NAMED INSURED COMPANY RIDER (FUNDS-ONLY OMNIBUS)
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">In consideration of the premium charged for this Bond, it is hereby understood and agreed that Item 1 of the Declarations, Name of Insured, shall include the following:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(1) EN-US style="font-size:7.0pt;line-height:normal;"> EN-US style="font-size:12.0pt;line-height:normal;">any Investment Company (or portfolio thereof) existing as of the Effective Date of this Bond that is advised, distributed, or administered by Franklin Resources, Inc. (“FRI”) or any Existing Subsidiary and which FRI has made a good faith effort to identify as a proposed Insured in the Application or any attachments thereto, provided, that FRI or any Existing Subsidiary has responsibility for placing liability insurance coverage for such existing Investment Company (or portfolio thereof);
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(2) EN-US style="font-size:7.0pt;line-height:normal;"> EN-US style="font-size:12.0pt;line-height:normal;">any Investment Company (or portfolio thereof) newly-created after the Effective Date of this Bond that is advised, distributed, or administered by FRI or any Existing Subsidiary, provided, that FRI or any Existing Subsidiary has responsibility for placing insurance coverage for such newly-created Investment Company (or portfolio thereof); and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(3) EN-US style="font-size:7.0pt;line-height:normal;"> EN-US style="font-size:12.0pt;line-height:normal;">any Inactive Investment Company (or portfolio thereof);
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">provided, however, that notwithstanding the foregoing, Item 1 of the Declarations, Name of Insured, shall in no event include any Investment Company (or any portfolio of any Investment Company) that is insured under the Royce Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that notwithstanding the foregoing, and regardless of how many times this Bond (or this rider) may hereafter be renewed, an Inactive Investment Company (or portfolio thereof) shall automatically cease to be an Insured eight years following its Inactive Date.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(a) EN-US style="font-size:7.0pt;line-height:normal;"> EN-US style="font-size:12.0pt;line-height:normal;">“Existing Subsidiary,” shall mean any entity wholly-owned (directly or indirectly) by FRI as of the Effective Date of this Bond which FRI has made a good faith effort to identify in the Application EN-US style="font-size:12.0pt;line-height:normal;"> EN-US style="font-size:12.0pt;line-height:normal;">or any attachment thereto;
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(b) EN-US style="font-size:7.0pt;line-height:normal;"> EN-US style="font-size:12.0pt;line-height:normal;">“Inactive Investment Company” shall mean any Investment Company (or portfolio thereof) (1) that has no active operations of its own, either by reason of previously (i) having had substantially all of its assets acquired by an Investment Company that is an Insured, (ii) having been merged into another Investment Company that is an Insured, or (iii) having been liquidated; EN-US style="font-size:12.0pt;line-height:normal;">and EN-US style="font-size:12.0pt;line-height:normal;"> (2) that was an Insured under any prior Predecessor FRI/LM/Putnam Bond issued by the Underwriter under which bond such Investment Company was an Insured;
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(c) EN-US style="font-size:7.0pt;line-height:normal;"> EN-US style="font-size:12.0pt;line-height:normal;">“Inactive Date” as regards an Inactive Investment Company (or portfolio thereof) is the Date that such Inactive Investment Company (or portfolio thereof) ceased operations by reason of subpart (1)(i), (ii), or (iii) of the definition of “Inactive Investment Company;”
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(d) EN-US style="font-size:7.0pt;line-height:normal;"> EN-US style="font-size:12.0pt;line-height:normal;"> “Predecessor FRI/LM/Putnam Bond” shall mean any Investment Company Blanket Bond (i) that incepted prior to the Effective Date of this Bond and (ii) under which any Investment Company (or portfolio thereof) that was advised, distributed, or administered by FRI or an Existing Subsidiary was an Insured, but a Predecessor FRI/LM/Putnam Bond shall in no event include any Royce Bond; and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(e) EN-US style="font-size:7.0pt;line-height:normal;"> EN-US style="font-size:12.0pt;line-height:normal;">“Royce Bond” shall mean ICI Mutual Investment Company Blanket Bond No. 87091124B (or any predecessor to, or any renewal or replacement thereof).
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that the title in this rider is included solely for convenience and shall not itself be deemed to be a term or condition of coverage, or a description or interpretation thereof.
EN-US style="font-size:12.0pt;line-height:normal;">
left alt="RNV0001.0-01-170 (06:24) " height=29 src="x24111510023901.gif" width=305>
EN-US style="font-size:12.0pt;line-height:normal;">Except as above stated, nothing herein
shall be held to alter, waive or extend any of the terms of this Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY,
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">RIDER NO. 2
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:8.0pt;line-height:normal;">INSURED BOND NUMBER
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:8.0pt;line-height:normal;">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">In consideration of the premium charged for this Bond, it is hereby understood and agreed that notwithstanding Section 2.Q of this Bond, this Bond is amended by adding an additional Insuring Agreement J as follows:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">J. COMPUTER SECURITY
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Loss (including loss of Property) resulting directly from Computer Fraud; EN-US style="font-size:12.0pt;line-height:normal;">provided EN-US style="font-size:12.0pt;line-height:normal;">, that the Insured has adopted in writing and generally maintains and follows during the Bond Period all Computer Security Procedures. The isolated failure of the Insured to maintain and follow a particular Computer Security Procedure in a particular instance will not preclude coverage under this Insuring Agreement, subject to the specific exclusions herein and in the Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">1. EN-US style="font-size:12.0pt;line-height:normal;">Definitions EN-US style="font-size:12.0pt;line-height:normal;">. The following terms used in this Insuring Agreement shall have the following meanings:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">a. “Authorized User” means any person or entity designated by the Insured (through contract, assignment of User Identification, or otherwise) as authorized to use a Covered Computer System, or any part thereof black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">. An individual who invests in an Insured Fund shall not be considered to be an Authorized User solely by virtue of being an investor.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">b. “Computer Fraud” means the unauthorized entry of data into, or the deletion or destruction of data in, or change of data elements or programs within, a Covered Computer System which:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(1) is committed by any Unauthorized Third Party anywhere, alone or in collusion with other Unauthorized Third Parties; EN-US style="font-size:12.0pt;line-height:normal;">and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(2) is committed with the conscious manifest intent (a) to cause the Insured to sustain a loss, EN-US style="font-size:12.0pt;line-height:normal;">and EN-US style="font-size:12.0pt;line-height:normal;"> (b) to obtain financial benefit for the perpetrator or any other person; EN-US style="font-size:12.0pt;line-height:normal;">and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(3) causes (x) Property to be transferred, paid or delivered; EN-US style="font-size:12.0pt;line-height:normal;">or EN-US style="font-size:12.0pt;line-height:normal;"> (y) an account of the Insured, or of its customer, to be added, deleted, debited or credited; EN-US style="font-size:12.0pt;line-height:normal;">or EN-US style="font-size:12.0pt;line-height:normal;"> (z) an unauthorized or fictitious account to be debited or credited.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">c. “Computer
Security Procedures” means procedures for prevention of unauthorized computer
access and use and administration of computer access and use as provided in
writing to the Underwriter.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">d. “Covered Computer System” means any Computer System as to which the Insured has possession, custody and control.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">e. “Unauthorized Third Party” means any person or entity that, at the time of the Computer Fraud, is not an Authorized User.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">f. “User Identification” means any unique user name ( EN-US style="font-size:12.0pt;line-height:normal;">i.e. EN-US style="font-size:12.0pt;line-height:normal;">, a series of characters) that is assigned to a person or entity by the Insured.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">2. EN-US style="font-size:12.0pt;line-height:normal;">Exclusions EN-US style="font-size:12.0pt;line-height:normal;">. It is further understood and agreed that this Insuring Agreement J shall not cover:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">a. Any loss covered under Insuring Agreement A, “Fidelity,” of this Bond; EN-US style="font-size:12.0pt;line-height:normal;">and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">b. Any loss resulting from the intentional failure to adhere to one or more Computer Security Procedures; EN-US style="font-size:12.0pt;line-height:normal;">and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">c. Any loss resulting from a Computer Fraud committed by or in collusion with:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(1) any Authorized User (whether a natural person or an entity); EN-US style="font-size:12.0pt;line-height:normal;">or
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(2) in the case of any Authorized User which is an entity, (a) any director, officer, partner, employee or agent of such Authorized User, or (b) any entity which controls, is controlled by, or is under common control with such Authorized User (“Related Entity”), or (c) any director, officer, partner, employee or agent of such Related Entity; EN-US style="font-size:12.0pt;line-height:normal;">or
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(3) in the case of any Authorized User who is a natural person, (a) any entity for which such Authorized User is a director, officer, partner, employee or agent (“Employer Entity”), or (b) any director, officer, partner, employee or agent of such Employer Entity, or (c) any entity which controls, is controlled by, or is under common control with such Employer Entity (“Employer-Related Entity”), or (d) any director, officer, partner, employee or agent of such Employer-Related Entity;
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">d. Any loss resulting from physical damage to or destruction of any Covered Computer System, or any part thereof, or any data, data elements or media associated therewith; EN-US style="font-size:12.0pt;line-height:normal;">and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">e. Any loss not directly and proximately caused by Computer Fraud (including, without limitation, disruption of business and extra expense); EN-US style="font-size:12.0pt;line-height:normal;">and
EN-US style="font-size:12.0pt;line-height:normal;text-decoration:none;">
EN-US style="font-size:12.0pt;line-height:normal;">f. Payments made to any person(s) who has threatened to deny or has denied authorized access to a Covered Computer System or otherwise has threatened to disrupt the business of the Insured.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">For purposes of this Insuring Agreement, “Single Loss,” as defined in Section 1.GG of this Bond, shall also include all loss caused by Computer Fraud(s) committed by one person, or in which one person is implicated, whether or not that person is specifically identified. A series of losses involving unidentified individuals, but arising from the same method of operation, may be deemed by the Underwriter to involve the same individual and in that event shall be treated as a Single Loss.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that nothing in this Rider shall affect the exclusion set forth in Section 2.O of this Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Coverage under this Insuring Agreement shall terminate upon termination of this Bond. Coverage under this Insuring Agreement may also be terminated without terminating this Bond as an entirety:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(a) by written notice from the Underwriter not less than sixty (60) days prior to the effective date of termination specified in such notice; or
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(b) immediately by written notice from the Insured to the Underwriter.
EN-US style="font-size:12.0pt;line-height:normal;">
left alt="RN0019.1-00 (05:23) " height=29 src="x24111510023902.gif" width=336>
EN-US style="font-size:12.0pt;line-height:normal;">Except
as above stated, nothing herein shall be held to alter, waive or extend any of
the terms of this Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
Aptos,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">
Aptos,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY, EN-US style="font-size:10.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">RIDER NO. 3
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:8.0pt;line-height:normal;">INSURED BOND NUMBER
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:8.0pt;line-height:normal;">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">In consideration of the premium charged for this Bond, it is hereby understood and agreed that the exclusion set forth at Section 2.M of this Bond shall not apply with respect to loss resulting from the Dishonest or Fraudulent Acts or other acts or omissions of an Employee in connection with offers or sales of securities issued by an Insured Fund if such Employee (a) is an employee of that Fund or of its investment adviser, principal underwriter, or affiliated transfer agent, and (b) who is communicating with purchasers of such securities only in person in an office of an Insured or by telephone or in writing, and (c) does not receive commissions on such sales; EN-US style="font-size:12.0pt;line-height:normal;">provided EN-US style="font-size:12.0pt;line-height:normal;">, that such Dishonest or Fraudulent Acts or other acts or omissions do not involve, and such loss does not arise from, a statement or representation which is EN-US style="font-size:12.0pt;line-height:normal;">not EN-US style="font-size:12.0pt;line-height:normal;"> (1) contained in a currently effective prospectus regarding such securities, which has been filed with the Securities and Exchange Commission, or (2) made as part of a scripted response to a question regarding that Fund or such securities, if the script has been filed with, and not objected to by, the Financial Industry Regulatory Authority, Inc. and if the entire scripted response has been read to the caller, and if any response concerning the performance of such securities is not outdated.
EN-US style="font-size:12.0pt;line-height:normal;">
left alt="RNV0026.0-03-170 (03:93)" height=29 src="x24111510023903.gif" width=331>
EN-US style="font-size:12.0pt;line-height:normal;">Except as above stated, nothing herein
shall be held to alter, waive or extend any of the terms of this Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:18.0pt;line-height:107%;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY,
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">RIDER NO. 4
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:8.0pt;line-height:normal;">INSURED BOND NUMBER
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:8.0pt;line-height:normal;">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">In consideration of the premium charged for this Bond, it is hereby understood and agreed that this Bond does not cover any loss resulting from or in connection with the acceptance of any Third Party Check, unless
EN-US style="font-size:12.0pt;line-height:normal;text-decoration:none;">
EN-US style="font-size:12.0pt;line-height:normal;">(1) such Third Party Check is used to open or increase an account which is registered in the name of one or more of the payees on such Third Party Check, and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(2) reasonable efforts are made by the Insured, or by the entity receiving Third Party Checks on behalf of the Insured, to verify all endorsements on all Third Party Checks made payable in amounts greater than $100,000 (provided, however, that the isolated failure to make such efforts in a particular instance will not preclude coverage, subject to the exclusions herein and in the Bond),
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">and then only to the extent such loss is otherwise covered under this Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">For purposes of this Rider, “Third Party Check” means a check made payable to one or more parties and offered as payment to one or more other parties.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that notwithstanding anything to the contrary above or elsewhere in the Bond, this Bond does not cover any loss resulting from or in connection with the acceptance of a Third Party Check where:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(1) any payee on such Third Party Check reasonably appears to be a corporation or other entity; or
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(2) such Third Party Check is made payable in an amount greater than $100,000 and does not include the purported endorsements of all payees on such Third Party Check.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that this Rider shall not apply with respect to any coverage that may be available under Insuring Agreement A, “Fidelity.”
EN-US style="font-size:12.0pt;line-height:normal;">
left alt="RN0030.0-01 (01:02) " height=29 src="x24111510023904.gif" width=328>
EN-US style="font-size:12.0pt;line-height:normal;">Except as above stated, nothing herein shall be held
to alter, waive or extend any of the terms of this Bond.
Aptos,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY,
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">RIDER NO. 5
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:8.0pt;line-height:normal;">INSURED BOND NUMBER
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:8.0pt;line-height:normal;">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">AMENDED DEFINITION OF “EMPLOYEE” RIDER
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">In consideration of the premium charged for this Bond, it is hereby understood and agreed that the definition of “Employee” in Section 1.O(6) of this Bond shall be amended to include any individual assigned, on a contingent or part-time basis, to perform the usual duties of an employee in any office of the Insured, EN-US style="font-size:12.0pt;line-height:normal;">provided EN-US style="font-size:12.0pt;line-height:normal;"> that in the case of an individual assigned other than by an agency furnishing temporary personnel, such individual has passed a Successful Background Check conducted by or on behalf of the Insured.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that for purposes of this rider, a “Successful Background Check” shall mean a background check (including contact with the individual’s previous employers and personal references and utilization of a private investigation agency), which results in a determination by the Insured that the individual has satisfied the security criteria established by the Insured for hiring employees on a permanent basis.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that the title in this rider is included solely for convenience and shall not itself be deemed to be a term or condition of coverage, or a description or interpretation thereof.
EN-US style="font-size:12.0pt;line-height:normal;">
left alt="RNM0036.0-00-170 (06:21)" height=29 src="x24111510023905.gif" width=337>
EN-US style="font-size:12.0pt;line-height:normal;">Except
as above stated, nothing herein shall be held to alter, waive or extend any of
the terms of this Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY,
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">RIDER NO. 6
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:8.0pt;line-height:normal;">INSURED BOND NUMBER
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:8.0pt;line-height:normal;">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">In consideration of the premium charged for this Bond, it is hereby understood and agreed that the references in Section 13, Termination, to “not less than sixty (60) days” shall be modified to read “not less than ninety (90) days.”
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that the sixth paragraph of Section 13, Termination, is amended to read as follows:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;"> “For purposes of this section, detection occurs when any professional employee of the Legal, Compliance or Risk Management Departments of the Insured, who is not in collusion with such Employee, becomes aware that the Employee has committed any Dishonest or Fraudulent Act(s).”
EN-US style="font-size:12.0pt;line-height:normal;">
left alt="RNM0045.0-00-170 (06:21)" height=31 src="x24111510023906.gif" width=326>
EN-US style="font-size:12.0pt;line-height:normal;">Except as above stated, nothing herein
shall be held to alter, waive or extend any of the terms of this Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY,
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">RIDER NO. 7
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:8.0pt;line-height:normal;">INSURED BOND NUMBER
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:8.0pt;line-height:normal;">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">In consideration for the premium charged for this Bond, it is hereby understood and agreed that notwithstanding anything to the contrary in this Bond (including Insuring Agreement I), this Bond does not cover any loss resulting from any Online Redemption(s) or Online Purchase(s) involving an aggregate amount in excess of Five Hundred Thousand Dollars ($500,000) per shareholder account per day, unless before such redemption(s) or purchase(s), in a procedure initiated by the Insured or by the entity receiving the request for such Online Redemption(s) or Online Purchase(s):
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(a) the Shareholder of Record verifies, by some method other than an Electronic Transmission effected over the Internet, that each such redemption or purchase has been authorized, and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(b) if such redemption or purchase is to be effected by wire to or from a particular bank account, a duly authorized employee of the bank verifies the account number to or from which funds are being transferred, and that the name on the account is the same as the name of the intended recipient of the proceeds.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that, notwithstanding the Limit of Liability set forth herein or any other provision of this Bond, the Limit of Liability with respect to any Single Loss caused by an Online Transaction shall be black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">Twenty-Five EN-US style="font-size:12.0pt;line-height:normal;"> Million Dollars ($ black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">25 EN-US style="font-size:12.0pt;line-height:normal;">,000,000) and the Deductible Amount applicable to any such Single Loss is black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">One EN-US style="font-size:12.0pt;line-height:normal;"> Hundred Thousand Dollars ( black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">$100 EN-US style="font-size:12.0pt;line-height:normal;">,000).
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that, notwithstanding Section 9, Non-Reduction and Non-Accumulation of Liability and Total Liability, or any other provision of this Bond, the Aggregate Limit of Liability of the Underwriter under this Bond with respect to any and all loss or losses caused by Online Transactions shall be an aggregate of black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">Twenty-Five EN-US style="font-size:12.0pt;line-height:normal;"> Million Dollars ($ black face="times new roman" lang=EN-US style="font-size:12.0pt;line-height:normal;">25 EN-US style="font-size:12.0pt;line-height:normal;">,000,000) for the Bond Period, irrespective of the total amount of such loss or losses.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">For purposes of this Rider, the following terms shall have the following meanings:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">“Online Purchase” means any purchase of shares issued by an Investment Company, which purchase is requested through an Electronic Transmission over the Internet.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">“Online Redemption” means any redemption of shares issued by an Investment Company, which redemption is requested through an Electronic Transmission over the Internet.
EN-US style="font-size:12.0pt;line-height:normal;">“Online Transaction” means any Phone/Electronic Transaction requested through an Electronic Transmission over the Internet.
EN-US style="font-size:12.0pt;line-height:normal;">
left alt="RN0038.0-02 (06:18) " height=29 src="x24111510023907.gif" width=339>
EN-US style="font-size:12.0pt;line-height:normal;">Except as above stated, nothing herein shall be held
to alter, waive, or extend any of the terms of this Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;">
right alt="RN0038.0-03 (06:18)" height=29 src="x24111510023908.gif" width=339>
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY,
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">RIDER NO. 8
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:8.0pt;line-height:normal;">INSURED BOND NUMBER
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:8.0pt;line-height:normal;">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Most property and casualty insurers, including ICI Mutual Insurance Company, a Risk Retention Group (“ICI Mutual”), are subject to the requirements of the Terrorism Risk Insurance Act of 2002, as amended (the “Act”). The Act establishes a federal insurance backstop under which ICI Mutual and these other insurers may be partially reimbursed by the United States Government for future EN-US style="font-size:12.0pt;line-height:normal;">“insured losses” EN-US style="font-size:12.0pt;line-height:normal;"> resulting from certified EN-US style="font-size:12.0pt;line-height:normal;"> “acts of terrorism.” EN-US style="font-size:12.0pt;line-height:normal;"> (Each of these EN-US style="font-size:12.0pt;line-height:normal;">bolded terms EN-US style="font-size:12.0pt;line-height:normal;">is defined by the Act.) The Act also places certain disclosure and other obligations on ICI Mutual and these other insurers.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Pursuant to the Act, any future losses to ICI Mutual caused by certified EN-US style="font-size:12.0pt;line-height:normal;">“acts of terrorism” EN-US style="font-size:12.0pt;line-height:normal;"> may be partially reimbursed by the United States government under a formula established by the Act. Under this formula, the United States government would generally reimburse ICI Mutual for the Federal Share of Compensation of ICI Mutual’s EN-US style="font-size:12.0pt;line-height:normal;">“insured losses” EN-US style="font-size:12.0pt;line-height:normal;"> in excess of ICI Mutual’s EN-US style="font-size:12.0pt;line-height:normal;">“insurer deductible” EN-US style="font-size:12.0pt;line-height:normal;"> until total EN-US style="font-size:12.0pt;line-height:normal;">“insured losses” EN-US style="font-size:12.0pt;line-height:normal;"> of all participating insurers reach $100 billion (the “Cap on Annual Liability”). If total EN-US style="font-size:12.0pt;line-height:normal;">“insured losses” EN-US style="font-size:12.0pt;line-height:normal;">of all property and casualty insurers reach the Cap on Annual Liability in any one calendar year, the Act limits U.S. Government reimbursement and provides that the insurers will not be liable under their policies for their portions of such losses that exceed such amount. Amounts otherwise payable under this Bond may be reduced as a result.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">This Bond has no express exclusion for EN-US style="font-size:12.0pt;line-height:normal;">“acts of terrorism.” EN-US style="font-size:12.0pt;line-height:normal;"> However, coverage under this Bond remains subject to all applicable terms, conditions, and limitations of the Bond (including exclusions) that are permissible under the Act.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">The portion of the premium that is attributable to any coverage potentially available under the Bond for EN-US style="font-size:12.0pt;line-height:normal;">“acts of terrorism” EN-US style="font-size:12.0pt;line-height:normal;"> is one percent (1%) Aptos,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;"> EN-US style="font-size:12.0pt;line-height:normal;">and does not include any charges for the portion of loss that may be covered by the U.S. Government under the Act.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">As used herein, “Federal Share of Compensation” shall mean 80% beginning on January 1, 2020.
EN-US style="font-size:12.0pt;line-height:normal;">
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EN-US style="font-size:12.0pt;line-height:normal;">Except as above
stated, nothing herein shall be held to alter, waive or extend any of the terms
of this Bond.
EN-US style="font-size:12.0pt;line-height:107%;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY,
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">RIDER NO. 9
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:8.0pt;line-height:normal;">INSURED BOND NUMBER
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:8.0pt;line-height:normal;">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
calibri,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">In consideration of the premium charged for this Bond, it is hereby understood and agreed that the Underwriter shall use its best efforts to enter into an agreement with each Facultative Reinsurer on this Bond, regarding the Insureds’ rights against such Facultative Reinsurer (“Cut Through Agreement”), in substantially the form(s) reviewed and agreed to by the Insureds.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that as used in this rider, “Facultative Reinsurer” means any entity providing reinsurance for this Bond to the Underwriter on a facultative basis (and always excluding any entity providing reinsurance for this Bond to the Underwriter pursuant to treaty).
EN-US style="font-size:12.0pt;line-height:normal;">
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EN-US style="font-size:12.0pt;line-height:normal;">Nothing herein
contained shall be held to vary, alter, waive or extend any of the terms,
conditions, provisions, agreements or limitations of this Bond other than as
above stated.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">ICI MUTUAL INSURANCE COMPANY,
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:18.0pt;line-height:normal;">a Risk Retention Group
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">INVESTMENT COMPANY BLANKET BOND
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">RIDER NO. 10
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:8.0pt;line-height:normal;">INSURED BOND NUMBER
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Franklin Alternative Strategies Funds 87170124B
EN-US style="font-size:8.0pt;line-height:normal;">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="font-size:8.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">
center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"> EN-US style="font-size:12.0pt;line-height:normal;">SOCIAL ENGINEERING FRAUD RIDER
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">In consideration of the premium charged for this Bond, it is hereby understood and agreed that this Bond is amended by adding an additional Insuring Agreement M, as follows:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">M. Social Engineering Fraud
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Loss resulting directly from the Insured, in good faith, transferring, paying, or delivering money from its own account as a direct result of a Social Engineering Fraud;
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">PROVIDED, that the entity receiving such request generally maintains and follows during the Bond Period all Social Engineering Security Procedures.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">The Limit of Liability for a Single Loss under this Insuring Agreement M shall be the lesser of (a)50% of the amount by which such Single Loss exceeds the Deductible Amount or (b)$1,000,000 (One Million Dollars), and the Insured shall bear the remainder of any such Single Loss. The Deductible Amount for this Insuring Agreement M is $250,000 (Two Hundred Fifty Thousand Dollars).
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">Notwithstanding any other provision of this Bond, the aggregate Limit of Liability under this Bond with respect to any and all loss or losses under this Insuring Agreement M shall be $1,000,000 (One Million Dollars) for the Bond Period, irrespective of the total amount of such loss or losses.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">This Insuring Agreement M does not cover loss covered under any other Insuring Agreement of this Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that for purposes of this rider:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">1. “Communication” means an instruction that (a) directs an Employee to transfer, pay, or deliver money from the Insured’s own account, (b) contains a material misrepresentation of fact, and (c) is relied upon by the Employee, believing it to be true.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:107%;">
EN-US style="font-size:12.0pt;line-height:normal;">2. “Social Engineering Fraud” means the intentional misleading of an Employee through the use of a Communication, where such Communication:
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(a) is transmitted to the Employee in writing, by voice over the telephone, or by Electronic Transmission;
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(b) is made by an individual who purports to be (i) an Employee who is duly authorized by the Insured to instruct another Employee to transfer, pay, or deliver money, or (ii)an officer or employee of a Vendor who is duly authorized by the Insured to instruct an Employee to transfer, pay, or deliver money; and
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">(c) is unauthorized, dishonest or fraudulent and is made with the manifest intent to deceive.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">3. “Social Engineering Security Procedures” means security procedures intended to prevent Social Engineering Fraud as set forth in the Application and/or as otherwise provided in writing to the Underwriter.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">4. “Vendor” means any entity or individual that provides goods or services to the Insured under a pre-existing, written agreement.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">It is further understood and agreed that the title in this rider is included solely for convenience and shall not itself be deemed to be a term or condition of coverage, or a description or interpretation thereof.
EN-US style="font-size:12.0pt;line-height:normal;">
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EN-US style="font-size:12.0pt;line-height:normal;">Except
as above stated, nothing herein shall be held to alter, waive, or extend any of
the terms of this Bond.
EN-US style="font-size:12.0pt;line-height:normal;">
EN-US style="font-size:12.0pt;line-height:normal;">
center> EN-US style="FONT-SIZE: 18pt; LINE-HEIGHT: normal" face="times new roman">ICI MUTUAL INSURANCE COMPANY,
center> EN-US style="FONT-SIZE: 18pt; LINE-HEIGHT: normal" face="times new roman">a Risk Retention Group
center> EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">
center> EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman bold">INVESTMENT COMPANY BLANKET BOND
center> EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">
center> EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">RIDER NO. 11
center> EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">
center> EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">INSURED BOND NUMBER
EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman bold">Franklin Alternative Strategies Funds 87170124B
EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE
EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman bold">June 30, 2024 June 30, 2024 to June 30, 2025 /S/ Maggie Sullivan
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">
center> EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">ENHANCED AUTHENTICATION MEASURES RIDER
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">In consideration for the premium charged for this Bond, it is hereby understood and agreed that SECTION 1. DEFINITIONS is amended by deleting the definition of “Officially Designated” in paragraph X in its entirety and replacing it with the following:
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal" color=black face="times new roman">X. “ EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal" color=black face="times new roman">Officially Designated” EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal" color=black face="times new roman"> means designated by the Shareholder of Record or the Retirement Plan Participant:
EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal" color=black face="times new roman">
EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal" color=black face="times new roman">(1) in the initial account application,
EN-US style="FONT-SIZE: 12pt; LETTER-SPACING: -0.1pt; LINE-HEIGHT: normal" color=black face="times new roman">
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" color=black face="times new roman">(2) EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" color=black face="times new roman"> EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" color=black face="times new roman">in writing or by Electronic Transmission, where such designation is verified via a callback to the Shareholder of Record by the Insured at a predetermined telephone number provided by the Shareholder of Record in writing to the Insured at least thirty (30) days prior to such callback, or
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" color=black face="times new roman">
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" color=black face="times new roman">(3) EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" color=black face="times new roman"> EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" color=black face="times new roman">in writing, by voice over the telephone, or by Electronic Transmission, where the identity of the Shareholder of Record is contemporaneously confirmed using Enhanced Authentication Measures.
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" color=black face="times new roman">
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" color=black face="times new roman">It is further understood and agreed that “Enhanced Authentication Measures” shall mean Authenticate service provided by GIACT Systems, LLC, as described in the email dated May 9, 2019, from Franklin Templeton Investments to the Underwriter.
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">It is further understood and agreed that the title in this rider is included solely for convenience and shall not itself be deemed to be a term or condition of coverage, or a description or interpretation thereof.
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">
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EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond.
EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal" face="times new roman">
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center> EN-US style="FONT-SIZE: 14pt" face="Times New Roman">Amended and Restated Allocation Agreement
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">This Amended and Restated Allocation Agreement (“Agreement”) is made as of the 15 th EN-US style="FONT-SIZE: 11pt" color=red face="Times New Roman"> EN-US style="FONT-SIZE: 11pt" face="Times New Roman">day of November, 2024, by and among the trusts/funds listed on Schedule A1, Schedule A2, Schedule A3 and Schedule A4 of this Agreement (hereafter collectively referred to as the “Funds” or the “Insured”).
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">This Agreement is entered into under the following circumstances:
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman">A. Section 17(g) of the Investment Company Act of 1940 (the “Act”) provides that the Securities and Exchange Commission (“SEC”) is authorized to require that the officers and employees of registered management investment companies be bonded against larceny and embezzlement, and the SEC has promulgated rules and regulations dealing with this subject (“Rule 17g-1”);
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman">B. The Funds are named as insureds under the terms of certain bonds or policies of insurance which insure against larceny and embezzlement of officers and employees (the “Fidelity Bonds”);
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman">C. A majority of those members of the Board of Directors/Trustees of each of the Funds, who are not “interested persons” as defined by Section 2(a)(19) of the Act, have given due consideration to all factors relevant to the form, amount and apportionment of premiums and recoveries on the Fidelity Bonds and each such Board of Directors/Trustees of each of the Funds has approved the term and amount of the Fidelity Bonds, the portion of the premiums payable by that party, and the manner in which recovery of said Fidelity Bonds, if any, shall be shared by and among the parties hereto as hereinafter set forth; and
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="Times New Roman">D. The Insured now desire to enter into the agreement required by Rule17g‑1(f) to establish the manner in which payment of premiums and recovery on said Fidelity Bonds, if any, shall be shared.
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">NOW, THEREFORE, IT IS HEREBY AGREED EN-US style="FONT-SIZE: 11pt" face="Times New Roman"> by and among the parties hereto as follows:
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">1. Payment of Premiums
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">The premium shall be allocated between the Insured in accordance with the requirements of Rule17g‑1(e). The portion of the premium which is allocated to the Funds shall be divided among the Funds as follows: each Fund shall pay that percentage of each premium when due under the Fidelity Bonds which is derived by a fraction, (i)the denominator of which is the total assets of all of the Funds combined at the time any premium is due; and (ii)the numerator of which is the total assets of each of the Funds individually at the time any premium is due.
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">2. Allocation of Recoveries
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(a) If more than one of the parties hereto is damaged in a single loss for which recovery is received under the Fidelity Bonds, each such party shall receive that EN-US style="FONT-SIZE: 11pt" face="Times New Roman">portion of the recovery which represents the loss sustained by that party, unless the recovery is inadequate fully to indemnify each such party sustaining a loss.
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(b) If the recovery is inadequate fully to indemnify each such party hereto sustaining a loss, the recovery shall be allocated among such parties in the following order:
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(i) EN-US style="FONT-SIZE: 7pt" face="times new roman"> EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Each Insured sustaining a loss shall be allocated an amount equal to the lesser of its actual loss or an amount in the proportion that each such Insured’s last payment of premium bears to the sum of the last such premium payments of all such Insured’s, except that if this allocation would result in any Fund, including those Fund(s) created during the policy term that have paid no premium as provided for in paragraph 4 of this Agreement, receiving less than the minimum amount of recovery under the Fidelity Bonds which would be required to be maintained by such party under a single insured fidelity bond in accordance with the provision of Rule 17g-1(d)(1) (determined as of the time of the loss) (the “Single Insured Minimum”).
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(ii) EN-US style="FONT-SIZE: 7pt" face="times new roman"> EN-US style="FONT-SIZE: 11pt" face="Times New Roman">The remaining portion of the proceeds shall be allocated to each party sustaining a loss not fully covered by the allocation under subparagraph (i) in the proportion that each such party’s last payment of premium bears to the sum of the last such premium payment of all such parties. If such allocation would result in any party sustaining a loss receiving a portion of the recovery in excess of the loss actually sustained by such party, the aggregate of each excess portion shall be allocated among the other parties whose losses would not be fully indemnified in the same proportion that each such party’s last payment of premium bears to the sum of the last such premium payments of all parties entitled to receive a share of the excess. Any allocation in excess of a loss actually sustained by any such party shall be reallocated in the same manner.
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">3. Obligation to Maintain Minimum Coverage
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Each of the Funds represents and warrants to each of the other parties hereto that it has determined the amount of its Single Insured Minimum as of the date hereof and that such Single Insured Minimum is included in the coverage of the Fidelity Bonds. Each of the Funds agrees that it will determine, no less often than at the end of each calendar quarter, the Single Insured Minimum which would be required of it if a determination with respect to the adequacy of the coverage were then currently being made. In the event that the total amount of the minimum coverage thus determined exceeds the total amount of coverage of then effective Fidelity Bonds, management of each of the Funds will be notified and will determine whether it is necessary or appropriate to increase the total amount of coverage of the Fidelity Bonds to an amount not less than the total amount of such minimums, or to secure such excess coverage for one or more of the parties hereto, which, when added to the total coverage of the Fidelity Bonds, will equal an amount not less than the total amount of such minimums. Each Fund agrees to pay its fair (taking into account all of the then existing circumstances) portion of the new or additional premium; provided that in the event that a Fund elects to terminate this Agreement (as to itself as a party hereto pursuant to paragraph 5) and its participation in the insured Fidelity Bonds on or prior to the effective date of the new or additional premium, such party shall not pay any portion of the new or additional premium.
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">4. Newly Created Funds or Non-Funds
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">The parties hereto agree that during the policy term any newly created Fund(s) or non-Fund(s) can be added as Insured on the Fidelity Bonds and can be added as parties to this Agreement, as then currently amended or restated, in the case of this Agreement, by attaching a revised Schedule A1 and/or Schedule A2, as applicable, to this Agreement that reflects the addition of such newly created Fund(s); provided that such revised Schedule A1 and/or Schedule A2 is signed by the proper officers of the Insured that are authorized to execute this Agreement and is dated with the as of date upon which such addition(s) is effective. The newly created Fund(s) that are added as Insured on the Fidelity Bonds and to this Agreement, as then currently amended or restated, will not be required to pay any premium during the then current policy term of the Fidelity Bonds, unless, pursuant to paragraph 3 of this Agreement, an increase in the total amount of coverage is required. Each of such newly created Fund(s) that are added as Insured agrees to pay its proportionate share of any new or additional premium, as outlined in paragraph 3 to this Agreement, and to be bound by all other terms and conditions of this Agreement.
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">5. Successors
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">This Agreement shall apply to the present Fidelity Bond coverage and any renewal or replacement thereof and shall continue until terminated as to any party by such party hereto giving not less than sixty days’ notice to the other parties hereto in writing. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and any successor or successors to a party hereto resulting from a change in domicile or form of corporate, trust or similar organization of such party.
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">6. Authorization to Execute; Counterparts
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">The parties hereby agree that the proper officers of the Insured are authorized to execute this Agreement, and any amendments thereto, on behalf of the parties to this Agreement. This Agreement may be executed in two or more counterparts, all of which taken together shall constitute one and the same instrument.
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">IN WITNESS WHEREOF EN-US style="FONT-SIZE: 11pt" face="Times New Roman">, the parties hereto have executed this Agreement as of the date first written above.
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">The FUNDS Listed on ScheduleA1 of this Agreement,
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">By: EN-US style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Navid J. Tofigh
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Name: Navid J. Tofigh
EN-US style="FONT-SIZE: 11pt" face="Times New Roman"> Vice President and Secretary
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">The FUNDS Listed on ScheduleA2 of this Agreement, AND
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">By: EN-US style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Jane Trust
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Name: Jane Trust
EN-US style="FONT-SIZE: 11pt" face="Times New Roman"> President and Chief Executive Officer
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">The FUNDS Listed on ScheduleA3 of this Agreement
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">By: EN-US style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Michael Frick
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Name: Michael Frick
EN-US style="FONT-SIZE: 11pt" face="Times New Roman"> BSP Director
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">The FUNDS Listed on ScheduleA4 of this Agreement
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">By: EN-US style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Jonathan S. Horwitz
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Name: Jonathan S. Horwitz
EN-US style="FONT-SIZE: 11pt" face="Times New Roman"> Executive Vice President, Principal Executive Officer and Compliance Liaison
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">SCHEDULE A1
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Funds
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Franklin Alternative Strategies Funds |
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top width="100%">
Franklin California Tax-Free Income Fund |
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top width="100%">
Franklin California Tax-Free Trust |
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top width="100%">
Franklin Custodian Funds |
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top width="100%">
Franklin ETF Trust |
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top width="100%">
Franklin Federal Tax-Free Income Fund |
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top width="100%">
Franklin Floating Rate Master Trust |
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top width="100%">
Franklin Fund Allocator Series |
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top width="100%">
Franklin Global Trust |
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top width="100%">
Franklin Gold and Precious Metals Fund |
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top width="100%">
Franklin High Income Trust |
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top width="100%">
Franklin Investors Securities Trust |
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top width="100%">
Franklin Limited Duration Income Trust |
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top width="100%">
Franklin Managed Trust |
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top width="100%">
Franklin Municipal Securities Trust |
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top width="100%">
Franklin Mutual Series Funds |
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top width="100%">
Franklin New York Tax-Free Income Fund |
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top width="100%">
Franklin New York Tax-Free Trust |
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top width="100%">
Franklin Real Estate Securities Trust |
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top width="100%">
Franklin Strategic Mortgage Portfolio |
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top width="100%">
Franklin Strategic Series |
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top width="100%">
Franklin Tax-Free Trust |
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top width="100%">
Franklin Templeton ETF Trust |
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top width="100%">
Franklin Templeton Trust |
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top width="100%">
Franklin Templeton Variable Insurance Products Trust |
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top width="100%">
Franklin U.S. Government Money Fund |
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top width="100%">
Franklin Universal Trust |
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top width="100%">
Franklin Value Investors Trust |
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top width="100%">
Institutional Fiduciary Trust |
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top width="100%">
The Money Market Portfolios |
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top width="100%">
Templeton China World Fund |
top width="100%">
Templeton Developing Markets Trust |
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top width="100%">
Templeton Dragon Fund, Inc. |
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top width="100%">
Templeton Emerging Markets Fund |
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top width="100%">
Templeton Emerging Markets Income Fund |
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top width="100%">
Templeton Funds |
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top width="100%">
Templeton Global Investment Trust |
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top width="100%">
Templeton Global Smaller Companies Fund |
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top width="100%">
Templeton Growth Fund, Inc. |
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top width="100%">
Templeton Income Trust |
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top width="100%">
Templeton Institutional Funds |
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top width="100%">
Legg Mason ETF Investment Trust |
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top width="100%">
Legg Mason ETF Investment Trust II |
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">SCHEDULE A2
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Funds
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top width="100%">
Legg Mason Partners Investment Trust |
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top width="100%">
Legg Mason Partners Variable Equity Trust |
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top width="100%">
LMP Capital and Income Fund Inc. |
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top width="100%">
ClearBridge Energy Midstream Opportunity Fund Inc. |
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top width="100%">
BrandywineGLOBAL - Global Income Opportunities Fund Inc. |
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top width="100%">
Western Asset Intermediate Muni Fund Inc. |
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top width="100%">
Western Asset Managed Municipals Fund Inc. |
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top width="100%">
Western Asset Municipal High Income Fund Inc. |
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top width="100%">
Western Asset Emerging Markets Debt Fund Inc. |
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top width="100%">
Western Asset High Income Opportunity Fund Inc. |
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Western Asset Global Corporate Defined Opportunity Fund Inc. |
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top width="100%">
Western Asset High Income Fund II Inc. |
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top width="100%">
Western Asset Investment Grade Defined Opportunity Trust Inc. |
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top width="100%">
Western Asset Global High Income Fund Inc. |
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top width="100%">
Western Asset Mortgage Defined Opportunity Fund Inc. |
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top width="100%">
ClearBridge MLP and Midstream Fund, Inc. |
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top width="100%">
ClearBridge MLP and Midstream Total Return Fund Inc. |
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top width="100%">
Clarion Partners Real Estate Income Fund Inc. |
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top width="100%">
Legg Mason Global Asset Management Trust |
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top width="100%">
Legg Mason Partners Income Trust |
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top width="100%">
Legg Mason Partners Institutional Trust |
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top width="100%">
Legg Mason Partners Money Market Trust |
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top width="100%">
Master Portfolio Trust |
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top width="100%">
Legg Mason Partners Variable Income Trust |
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top width="100%">
Western Asset Funds, Inc. |
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bottom width="100%">
Western Asset Inflation-Linked Income Fund |
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bottom width="100%">
Western Asset Inflation-Linked Opportunities Income Fund |
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bottom width="100%">
Western Asset Investment Grade Income Fund |
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bottom width="100%">
Western Asset Premier Bond Fund |
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bottom width="100%">
Western Asset Diversified Income Fund EN-US style="FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Franklin Lexington Private Markets Fund |
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">SCHEDULE A3
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Funds
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Franklin BSP Private Credit Fund |
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top width="100%">
Franklin BSP Capital Corporation |
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top width="100%">
Franklin BSP Lending Corporation |
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">SCHEDULE A4
center> EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Funds
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top width="100%" colSpan=2>
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top width="77%">
black face="Times New Roman">George Putnam Balanced Fund |
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top width="77%">
black face="Times New Roman">Putnam Asset Allocation Funds |
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top width="77%">
black face="Times New Roman">Putnam California Tax Exempt Income Fund |
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top width="77%">
black face="Times New Roman">Putnam Convertible Securities Fund |
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top width="77%">
black face="Times New Roman">Putnam Diversified Income Trust |
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top width="77%">
black face="Times New Roman">Putnam ETF Trust |
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top width="77%">
black face="Times New Roman">Putnam Focused International Equity Fund |
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top width="77%">
black face="Times New Roman">Putnam Funds Trust |
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top width="77%">
black face="Times New Roman">Putnam Global Health Care Fund |
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top width="77%">
black face="Times New Roman">Putnam Global Income Trust |
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top width="77%">
black face="Times New Roman">Putnam High Yield Fund |
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top width="77%">
black face="Times New Roman">Putnam Income Fund |
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top width="77%">
black face="Times New Roman">Putnam International Equity Fund |
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top width="77%">
black face="Times New Roman">Putnam Investment Funds |
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top width="77%">
black face="Times New Roman">Putnam Large Cap Value Fund |
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top width="77%">
black face="Times New Roman">Putnam Massachusetts Tax Exempt Income Fund |
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top width="77%">
black face="Times New Roman">Putnam Minnesota Tax Exempt Income Fund |
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top width="77%">
black face="Times New Roman">Putnam Money Market Fund |
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top width="77%">
black face="Times New Roman">Putnam Mortgage Securities Fund |
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top width="77%">
black face="Times New Roman">Putnam New Jersey Tax Exempt Income Fund |
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top width="77%">
black face="Times New Roman">Putnam New York Tax Exempt Income Fund |
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top width="77%">
black face="Times New Roman">Putnam Ohio Tax Exempt Income Fund |
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top width="77%">
black face="Times New Roman">Putnam Pennsylvania Tax Exempt Income Fund |
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top width="77%">
black face="Times New Roman">Putnam Sustainable Leaders Fund |
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top width="77%">
black face="Times New Roman">Putnam Target Date Funds |
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top width="77%">
black face="Times New Roman">Putnam Tax Exempt Income Fund |
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top width="77%">
black face="Times New Roman">Putnam Tax-Free Income Trust |
|
|
top width="77%">
black face="Times New Roman">Putnam Variable Trust
black face="Times New Roman">Putnam Master Intermediate Income Trust black face="Times New Roman">Putnam Municipal Opportunities Trust black face="Times New Roman">Putnam Premier Income Trust |
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top width="100%" colSpan=2>
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top width="100%" colSpan=2>
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top width="100%" colSpan=2>
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EN-US style="FONT-SIZE: 12pt" face="Times New Roman">
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Fidelity Bond Resolution
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Templeton
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Alternative Strategies Funds
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin California Tax-Free Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin California Tax-Free Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Custodian Funds
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Federal Tax-Free Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Floating Rate Master Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Fund Allocator Series
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Global Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Gold and Precious Metals Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin High Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Investors Securities Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Limited Duration Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Managed Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Municipal Securities Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Mutual Series Funds
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin New York Tax-Free Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin New York Tax-Free Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Real Estate Securities Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Strategic Mortgage Portfolio
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Strategic Series
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Tax-Free Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Templeton Variable Insurance Products Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin U.S. Government Money Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Universal Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Value Investors Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Institutional Fiduciary Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">The Money Market Portfolios
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Templeton ETF Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin ETF Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin Templeton Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Legg Mason ETF Investment Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Legg Mason ETF Investment Trust II
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Global Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton China World Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Developing Markets Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Dragon Fund, Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Emerging Markets Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Emerging Markets Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Funds
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Global Investment Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Global Smaller Companies Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Growth Fund, Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Templeton Institutional Funds
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">RESOLVED, that after consideration of the value of the aggregate assets of the Trusts to which any covered person (as defined in Rule 17g-1) 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 the Trusts’ portfolios, among other factors, the proposed joint fidelity bond coverage for the Trusts and other FT, Legg Mason and Putnam funds registered under the 1940 Act (together, the “1940 Act Funds”) be continued with ICI Mutual and a syndicate of commercial insurers, subject to the amount of the joint fidelity bond coverage increasing to $170,000,000, subject to ongoing review;
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FURTHER RESOLVED, that in accordance with the provisions of subparagraph (e) of Rule 17g-1 under the 1940 Act, and after consideration of the number of other parties named as insureds, the nature of the business activities of such other parties, the amount of the Bond, the amount of the premium for such Bond, the ratable allocation of the premium among all parties named as insureds and the extent to which the share of the premium allocated to each Trust is less than the premium such Trust would have had to pay if it had provided and maintained a single insured bond, among other factors, the portion of the premium for said Bond to be paid by each Trust be, and it hereby is, approved as to amount and shall be the portion of the allocable premiums paid by all 1940 Act Funds equal to the percentage that the Trust’s assets represent in respect to the assets of all of 1940 Act Funds in the aggregate as of June 30, 2024;
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FURTHER RESOLVED, that the existing Amended and Restated Allocation Agreement between the Trusts and the other 1940 Act Funds relating to the sharing of premiums and division of insurance proceeds in the event of a joint fidelity loss, as required by subparagraph (f) of Rule 17g-1, and reflecting the provisions of said Bond, is hereby approved and continued; and
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FURTHER RESOLVED, that the officers of the Trusts be, and each of them hereby is, authorized, empowered and directed to make such filings with the SEC as may be required from time to time pursuant to Rules under the 1940 Act.
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Fidelity Bond Resolution
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Legg Mason Partners Investment Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Legg Mason Partners Variable Equity Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">LMP Capital and Income Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">ClearBridge Energy Midstream Opportunity Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">BrandywineGLOBAL - Global Income Opportunities Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Intermediate Muni Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Managed Municipals Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Municipal High Income Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Emerging Markets Debt Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset High Income Opportunity Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Global Corporate Defined Opportunity Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset High Income Fund II Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Investment Grade Defined Opportunity Trust Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Global High Income Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Mortgage Defined Opportunity Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">ClearBridge MLP and Midstream Fund, Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">ClearBridge MLP and Midstream Total Return Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Clarion Partners Real Estate Income Fund Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Legg Mason Global Asset Management Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Legg Mason Partners Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Legg Mason Partners Institutional Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Legg Mason Partners Money Market Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Master Portfolio Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Legg Mason Partners Variable Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Funds, Inc.
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Inflation-Linked Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Inflation-Linked Opportunities Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Investment Grade Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Premier Bond Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Western Asset Diversified Income Fund
center>Franklin Lexington Private Markets Fund
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">RESOLVED: EN-US style="FONT-SIZE: 11pt" face="Times New Roman"> That the purchase of the fidelity bond coverage with ICI Mutual Insurance Company, Axis Insurance Company, Hartford Fire Insurance Company, Beazley Insurance Company, Inc., Liberty Mutual Insurance Company, Berkshire Hathaway Specialty Insurance Company, QBE Insurance Company, XL Specialty Insurance Company, Federal Insurance Company and Continental Casualty Company, which coverage is maintained jointly on behalf of the Funds and the other parties named as insureds therein, including certain investment companies in the Franklin Templeton fund complex, which provides coverage in the aggregate amount of $170 million, for the period June 30, 2024 through June 29, 2025, is approved; and further
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">RESOLVED: EN-US style="FONT-SIZE: 11pt" face="Times New Roman"> That it is the finding of the Board, with respect to the Funds for which the Board is responsible, that the fidelity bond coverage with ICI Mutual and Berkley in the aggregate amount of EN-US style="FONT-SIZE: 11pt" face="Times New Roman">$170 million EN-US style="FONT-SIZE: 11pt" face="Times New Roman">covering among others, officers and employees of the Funds, and the other named insureds, in accordance with the requirements of Rule 17g-1 under the 1940 Act, is reasonable in form and amount, after having given due consideration to, among other things, the value of the aggregate assets of the Funds to which any person covered under the fidelity bond may have access, the type and terms of the arrangements EN-US style="FONT-SIZE: 11pt" face="Times New Roman">made for the custody and safekeeping of assets of the Funds and the nature of the securities in the Funds; and further
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">RESOLVED: EN-US style="FONT-SIZE: 11pt" face="Times New Roman"> That the premium to be paid by each of the Funds under the Bond, as described in the Board Materials, is hereby approved and ratified by the Board, after having given due consideration to, among other things, the number of other parties insured under the Bond, the nature of business activities of those other parties, the amount of the Bond, the amount of the premium for such bond, the ratable allocation of the premium among all parties named as insureds and the extent to which the share of the premium allocated to each of the Funds under the Bond is less than the premium that each of the Funds would have had to pay had it maintained a single insured bond; and further
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">RESOLVED: EN-US style="FONT-SIZE: 11pt" face="Times New Roman"> That the Agreement Concerning Allocation of Fidelity Bond Premiums and Recoveries (“Agreement”) entered into among the Corporation/Trust and the other named insureds under the foregoing fidelity bond coverage is approved and ratified and that the officers of the Corporation/Trust, acting singly or jointly, are hereby authorized to execute and deliver such Agreement, with such changes as such officer may by his execution and delivery approve, the execution and delivery of said Agreement to be conclusive evidence of the Directors’/Trustees’ approval; and further
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">RESOLVED EN-US style="FONT-SIZE: 11pt" face="Times New Roman">: That the officers of the Corporation/Trust, acting singly or jointly, are hereby authorized to make any and all payments, in the name and on behalf of each of the Funds, as they may determine to be necessary or desirable and proper in connection with or in furtherance of the foregoing resolutions; and further
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">RESOLVED EN-US style="FONT-SIZE: 11pt" face="Times New Roman">: That the President and/or Senior Vice President of the Corporation/Trust is directed to make the applicable filing or filings of the fidelity bond with the Securities and Exchange Commission, and to make the other filings and give the notices, as required by Paragraph (g) of Rule 17g-1 under the 1940 Act.
EN-US style="FONT-SIZE: 11pt" face="Times New Roman">
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Fidelity Bond Resolution
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">George Putnam Balanced Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Asset Allocation Funds
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam California Tax Exempt Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Convertible Securities Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Diversified Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam ETF Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Focused International Equity Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Funds Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Global Health Care Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Global Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam High Yield Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam International Equity Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Investment Funds
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Large Cap Value Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Massachusetts Tax Exempt Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Minnesota Tax Exempt Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Money Market Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Mortgage Securities Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam New Jersey Tax Exempt Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam New York Tax Exempt Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Ohio Tax Exempt Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Pennsylvania Tax Exempt Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Sustainable Leaders Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Target Date Funds
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Tax Exempt Income Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Tax-Free Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Variable Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Managed Municipal Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Master Intermediate Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Municipal Opportunities Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Putnam Income Trust
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">Resolutions adopted by the Board of Trustees of the Putnam Funds on May 17, 2024
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">VOTED: EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> That the purchase of the fidelity bond coverage with ICI Mutual Insurance Company (“ICI Mutual”) and other commercial carriers, which coverage is maintained jointly on behalf of the Funds and the other parties named as insureds therein, including certain investment companies in the Franklin Templeton fund complex, which provides coverage in the aggregate amount of $170 million EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> for the period June 30, 2024 through June 29, 2025, is approved; and further
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">VOTED: EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> That it is the finding of the Board, with respect to the Funds for which the Board is responsible, that the fidelity bond coverage with ICI Mutual and other commercial carriers in the aggregate amount of $170 million EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">covering among others, officers and employees of the Funds, and the other named insureds, in accordance with the requirements of Rule 17g-1 under the 1940 Act, is reasonable in form and amount, after having given due consideration to, among other things, the value of the aggregate assets EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">of the Funds to which any person covered under the fidelity bond may have access, the type and terms of the arrangements made for the custody and safekeeping of assets of the Funds and the nature of the securities in the Funds; and further
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">VOTED: EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> That the premium to be paid by each of the Funds under the fidelity bond, as described in the Board Materials, is hereby approved and ratified by the Board, after having given due consideration to, among other things, the number of other parties insured under the fidelity bond, the nature of business activities of those other parties, the amount of the fidelity bond, the amount of the premium for such fidelity bond, the ratable allocation of the premium among all parties named as insureds and the extent to which the share of the premium allocated to each of the Funds under the fidelity bond is less than the premium that each of the Funds would have had to pay had it maintained a single insured bond, it being understood that each Fund has been advised that cost of the fidelity bond will not exceed the amount of expense that would be incurred if each Fund purchased individual coverage; and further
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">VOTED: EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> That the Agreement Concerning Allocation of Fidelity Bond Premiums and Recoveries (“Agreement”) entered into among each Trust and the other named insureds under the foregoing fidelity bond coverage is approved and ratified and that the officers of the Trust, acting singly or jointly, are hereby authorized to execute and deliver such Agreement, with such changes as such officer may by his execution and delivery approve, the execution and delivery of said Agreement to be conclusive evidence of the Trustees’ approval; and further
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">VOTED EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">: That the officers of each Trust, acting singly or jointly, are hereby authorized to make any and all payments, in the name and on behalf of each of the Funds, as they may determine to be necessary or desirable and proper in connection with or in furtherance of the foregoing resolutions; and further
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">VOTED EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">: That the President and/or any Vice President of the Trust is directed to make the applicable filing or filings of the fidelity bond with the Securities and Exchange Commission, and to make the other filings and give the notices, as required by Paragraph (g) of Rule 17g-1 under the 1940 Act.
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Fidelity Bond Resolution
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">Franklin BSP Private Credit Fund
center> EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">Annual Approval of Fidelity Bond
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">WHEREAS, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> Section 17(g) of the 1940 Act and Rule 17g-1(a) thereunder, require investment companies, such as the Companies, to provide and maintain a bond issued by a reputable fidelity insurance company, authorized to do business in the place where the bond is issued, to protect the Companies against larceny and embezzlement, covering each officer and employee of each Company who may singly, or jointly with others, have access to the securities or funds of the Companies, either directly or through authority to draw upon such funds of, or to direct generally, the disposition of such securities, unless the officer or employee has such access solely through his position as an officer or employee of a bank (each, a “covered person”);
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">WHEREAS, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> Rule 17g-1 under the 1940 Act (“Rule 17g-1”) specifies that the bond may be in the form of (i) an individual bond for each covered person, or a schedule or blanket bond covering such persons, (ii) a blanket bond which names the Companies as the only insured (a “single insured bond”), or (iii) a bond which names the Companies and one or more other parties as insureds (a “joint insured bond”), as permitted by Rule 17g-1;
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">WHEREAS, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> Rule 17g-1 requires that a majority of the Independent Board Members approve periodically (but not less than once every 12 months) the reasonableness of the form and amount of the bond, with due consideration to all relevant factors, including, but not limited to, the value of the aggregate assets of the Companies to which any 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 securities and other investments to be held by the Companies;
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">WHEREAS, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> under Rule 17g-l, each Company is required to make certain filings with the Securities and Exchange Commission (the “SEC”) and give certain notices to each member of the applicable Board in connection with the bond, and designate an officer who shall make such filings and give such notices;
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">WHEREAS, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> each Board, including all the Independent Board Members, has considered the expected aggregate value of the securities and funds of the Companies to which officers or employees of the applicable Company may have access (either directly or through authority to draw upon such funds or to direct generally the disposition of such securities), the type and terms of the arrangements made for the custody of such securities and funds, the nature of securities and other investments to be held by the Companies, the accounting procedures and controls of the Companies, the nature and method of conducting the operations of each Company, and the requirements of Section 17(g) of the 1940 Act and Rule 17g-1 thereunder, and each has agreed that the amount, type, form, premium and coverage, covering the officers and employees of the Companies and insuring the Companies and other funds advised by Franklin Templeton against loss from fraudulent or dishonest acts, including larceny and embezzlement, issued by ICI Mutual Insurance Company with an aggregate coverage in the amount of $100,000,000 would be appropriate; and
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">WHEREAS, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> the Boards have received a coverage proposal for a joint insured bond, which provides bond coverage for the officers and employees of the Companies and other funds advised by Franklin Templeton in the amount of $100,000,000 (the “Fidelity Bond”);
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">NOW, THEREFORE, BE IT RESOLVED, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> the Boards, including all of the Independent Board Members, hereby adopt, approve and ratify in all respects the Fidelity Bond, in substantially the form presented to the Boards; and be it
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">FURTHER RESOLVED, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> that the authorized officers of each Company be, and each of them hereby is, authorized and empowered to execute and deliver, in the name of the applicable Company and on its behalf, the joint insured bond Fidelity Bond; and be it
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">FURTHER RESOLVED, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> that the Secretary of each Company be, and hereby is, designated as the party responsible for making the necessary filings and giving the notices with respect to the Fidelity Bond required by paragraph (g) of Rule 17g-1; and be it
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">FURTHER RESOLVED, EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman"> that an Amended and Restated Allocation Agreement by and between each Company and the other entities insured under the Fidelity Bond (the “Joint Insured Agreement”) in substantially the form presented to the Boards, be and it hereby is, approved and ratified; and that any officer of each Company be, and they hereby severally are, authorized, in the name and on behalf of the applicable Company, to execute and deliver such Joint Insured Agreement, in substantially such form, with such changes as the officer or officers so acting may deem necessary or desirable, together with such other documents or instruments as he or she may deem necessary or advisable to effect the purposes of this resolution, the execution and delivery thereof to be conclusive evidence that the same has been approved by the Boards; and be it
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">FURTHER RESOLVED EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">, that any and all actions heretofore taken, and any and all things heretofore done, by any officer of each Company in connection with, or with respect to, the matters referred to in the foregoing resolutions be, and hereby are, ratified and confirmed as authorized and valid acts taken on behalf of the respective Company.
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="times new roman">
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" face="times new roman">
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center> calibri,sans-serif>Trust/Company AUM % of Board Total AUM |
3>
center> black face=calibri,sans-serif>17g-1 Required Bond Limit |
||||||||
| bottom width="74%" colSpan=2 noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>6/30/24 |
bottom width="3%" noWrap>
right> calibri,sans-serif>6/30/23 |
bottom width="3%" noWrap>
center> black face=calibri,sans-serif>% Change |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>6/30/24 |
bottom width="3%" noWrap>
right> calibri,sans-serif>6/30/23 |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>6/30/24 |
bottom width="3%" noWrap>
right> calibri,sans-serif>6/30/23 |
bottom width="3%" noWrap>
center> black face=calibri,sans-serif>% Change |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Templeton Fund Board Total |
bottom width="3%" noWrap>
calibri,sans-serif> 21,899 |
bottom width="3%" noWrap>
calibri,sans-serif> 23,359 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-6% |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 13.55 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 14.05 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-4% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Templeton Funds |
bottom width="3%" noWrap>
calibri,sans-serif> 5,456 |
bottom width="3%" noWrap>
calibri,sans-serif> 5,206 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>5% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>25% |
bottom width="3%" noWrap>
right> calibri,sans-serif>22% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Templeton Global Investment Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 665 |
bottom width="3%" noWrap>
calibri,sans-serif> 772 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-14% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>3% |
bottom width="3%" noWrap>
right> calibri,sans-serif>3% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.90 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 1.00 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-10% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Templeton Income Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 3,973 |
bottom width="3%" noWrap>
calibri,sans-serif> 5,693 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-30% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>18% |
bottom width="3%" noWrap>
right> calibri,sans-serif>24% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.30 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-8% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Templeton Institutional Funds |
bottom width="3%" noWrap>
calibri,sans-serif> 262 |
bottom width="3%" noWrap>
calibri,sans-serif> 399 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-34% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>1% |
bottom width="3%" noWrap>
right> calibri,sans-serif>2% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.75 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.75 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Templeton - Stand Alone Total |
bottom width="3%" noWrap>
calibri,sans-serif> 11,542 |
bottom width="3%" noWrap>
calibri,sans-serif> 11,289 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>2% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>53% |
bottom width="3%" noWrap>
right> calibri,sans-serif>48% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 7.10 |
bottom width="3%" noWrap>
calibri,sans-serif> 7.30 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-3% |
|
| bottom width="74%" colSpan=2 noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
|
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bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Fund Board Total |
bottom width="3%" noWrap>
calibri,sans-serif> 263,136 |
bottom width="3%" noWrap>
calibri,sans-serif> 257,726 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>2% |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 40.80 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 41.15 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-1% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Custodian Funds |
bottom width="3%" noWrap>
calibri,sans-serif> 125,185 |
bottom width="3%" noWrap>
calibri,sans-serif> 118,324 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>6% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>48% |
bottom width="3%" noWrap>
right> calibri,sans-serif>46% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Floating Rate Master Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 511 |
bottom width="3%" noWrap>
calibri,sans-serif> 384 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>33% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.90 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.75 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>20% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Fund Allocator Series |
bottom width="3%" noWrap>
calibri,sans-serif> 6,087 |
bottom width="3%" noWrap>
calibri,sans-serif> 5,760 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>6% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>2% |
bottom width="3%" noWrap>
right> calibri,sans-serif>2% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Global Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 1,059 |
bottom width="3%" noWrap>
calibri,sans-serif> 1,618 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-35% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="3%" noWrap>
right> calibri,sans-serif>1% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 1.25 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 1.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-17% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Investors Securities Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 17,109 |
bottom width="3%" noWrap>
calibri,sans-serif> 17,258 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-1% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>7% |
bottom width="3%" noWrap>
right> calibri,sans-serif>7% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Municipal Securities Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 2,650 |
bottom width="3%" noWrap>
calibri,sans-serif> 2,527 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>5% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>1% |
bottom width="3%" noWrap>
right> calibri,sans-serif>1% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 1.90 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 1.90 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Strategic Series |
bottom width="3%" noWrap>
calibri,sans-serif> 15,180 |
bottom width="3%" noWrap>
calibri,sans-serif> 14,532 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>4% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>6% |
bottom width="3%" noWrap>
right> calibri,sans-serif>6% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Tax-Free Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 16,856 |
bottom width="3%" noWrap>
calibri,sans-serif> 18,256 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-8% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>6% |
bottom width="3%" noWrap>
right> calibri,sans-serif>7% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Templeton Variable Insurance Products Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 13,533 |
bottom width="3%" noWrap>
calibri,sans-serif> 13,764 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-2% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>5% |
bottom width="3%" noWrap>
right> calibri,sans-serif>5% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin - Stand Alone Total |
bottom width="3%" noWrap>
calibri,sans-serif> 64,965 |
bottom width="3%" noWrap>
calibri,sans-serif> 65,304 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-1% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>25% |
bottom width="3%" noWrap>
right> calibri,sans-serif>25% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 21.75 |
bottom width="3%" noWrap>
calibri,sans-serif> 22.00 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-1% |
|
| bottom width="74%" colSpan=2 noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>New Jersey/Alternative Fund Board Total |
bottom width="3%" noWrap>
calibri,sans-serif> 28,304 |
bottom width="3%" noWrap>
calibri,sans-serif> 28,236 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 5.90 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 6.00 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-2% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Franklin Mutual Series Funds |
bottom width="3%" noWrap>
calibri,sans-serif> 22,810 |
bottom width="3%" noWrap>
calibri,sans-serif> 22,252 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>3% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>81% |
bottom width="3%" noWrap>
right> calibri,sans-serif>79% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Franklin Value Investors Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 4,867 |
bottom width="3%" noWrap>
calibri,sans-serif> 5,148 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-5% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>17% |
bottom width="3%" noWrap>
right> calibri,sans-serif>18% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Franklin Alternative Strategies Funds |
bottom width="3%" noWrap>
calibri,sans-serif> 628 |
bottom width="3%" noWrap>
calibri,sans-serif> 836 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-25% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>2% |
bottom width="3%" noWrap>
right> calibri,sans-serif>3% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.90 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 1.00 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-10% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif> |
bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
|
|
bottom width="74%" colSpan=2 noWrap>
calibri,sans-serif>Franklin Franklin Templeton ETF Board Total |
bottom width="3%" noWrap>
calibri,sans-serif> 17,935 |
bottom width="3%" noWrap>
calibri,sans-serif> 12,404 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>45% |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 4.83 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 4.73 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>2% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Franklin Templeton ETF Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 15,691 |
bottom width="3%" noWrap>
calibri,sans-serif> 10,305 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>52% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>87% |
bottom width="3%" noWrap>
right> calibri,sans-serif>83% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Franklin ETF Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 149 |
bottom width="3%" noWrap>
calibri,sans-serif> 177 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-16% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>1% |
bottom width="3%" noWrap>
right> calibri,sans-serif>1% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.53 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.60 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-13% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Legg Mason ETF Investment Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 2,093 |
bottom width="3%" noWrap>
calibri,sans-serif> 1,919 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>9% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>12% |
bottom width="3%" noWrap>
right> calibri,sans-serif>15% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 1.70 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 1.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>13% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Active Shares ETF Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 2 |
bottom width="3%" noWrap>
calibri,sans-serif> 3 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-25% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.10 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.13 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-20% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif> |
bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Benefit Street Partners Fund Board Total |
bottom width="3%" noWrap>
calibri,sans-serif> 4,460 |
bottom width="3%" noWrap>
calibri,sans-serif> 4,753 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-6% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>100% |
bottom width="3%" noWrap>
right> calibri,sans-serif>100% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 3.68 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 4.00 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-8% |
|
| bottom width="74%" colSpan=2 noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Legg Mason Partners Equity Fund Board Total |
bottom width="3%" noWrap>
calibri,sans-serif> 72,324 |
bottom width="3%" noWrap>
calibri,sans-serif> 65,723 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>10% |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 7.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 7.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Legg Mason Partners Investment Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 51,793 |
bottom width="3%" noWrap>
calibri,sans-serif> 46,772 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>11% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>72% |
bottom width="3%" noWrap>
right> calibri,sans-serif>71% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Legg Mason Partners Variable Equity Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 7,417 |
bottom width="3%" noWrap>
calibri,sans-serif> 6,416 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>16% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>10% |
bottom width="3%" noWrap>
right> calibri,sans-serif>10% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Legg Mason Global Asset Management Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 13,114 |
bottom width="3%" noWrap>
calibri,sans-serif> 12,535 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>5% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>18% |
bottom width="3%" noWrap>
right> calibri,sans-serif>19% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
| bottom width="74%" colSpan=2 noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Closed End Board Total |
bottom width="3%" noWrap>
calibri,sans-serif> 6,801 |
bottom width="3%" noWrap>
calibri,sans-serif> 6,953 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-2% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>100% |
bottom width="3%" noWrap>
right> calibri,sans-serif>100% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 13.48 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 13.35 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>1% |
|
| bottom width="74%" colSpan=2 noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=arial,sans-serif> |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Western Asset Funds Board Total |
bottom width="3%" noWrap>
calibri,sans-serif> 73,402 |
bottom width="3%" noWrap>
calibri,sans-serif> 83,297 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-12% |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 14.23 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 14.28 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Legg Mason Partners Income Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 11,350 |
bottom width="3%" noWrap>
calibri,sans-serif> 11,923 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-5% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>15% |
bottom width="3%" noWrap>
right> calibri,sans-serif>14% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Legg Mason Partners Institutional Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 23,168 |
bottom width="3%" noWrap>
calibri,sans-serif> 24,703 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-6% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>32% |
bottom width="3%" noWrap>
right> calibri,sans-serif>30% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Legg Mason Partners Money Market Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 2,454 |
bottom width="3%" noWrap>
calibri,sans-serif> 1,702 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>44% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>3% |
bottom width="3%" noWrap>
right> calibri,sans-serif>2% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 1.70 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 1.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>13% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Legg Mason Partners Variable Income Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 697 |
bottom width="3%" noWrap>
calibri,sans-serif> 579 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>20% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>1% |
bottom width="3%" noWrap>
right> calibri,sans-serif>1% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.90 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 0.90 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Western Asset Funds |
bottom width="3%" noWrap>
calibri,sans-serif> 33,064 |
bottom width="3%" noWrap>
calibri,sans-serif> 41,541 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-20% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>45% |
bottom width="3%" noWrap>
right> calibri,sans-serif>50% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Western Asset - Stand Alone Fund Total |
bottom width="3%" noWrap>
calibri,sans-serif> 2,670 |
bottom width="3%" noWrap>
calibri,sans-serif> 2,848 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-6% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>4% |
bottom width="3%" noWrap>
right> calibri,sans-serif>3% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 4.13 |
bottom width="3%" noWrap>
calibri,sans-serif> 4.38 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>-6% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif> |
bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=calibri,sans-serif> |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Putnam Funds Total |
bottom width="3%" noWrap>
calibri,sans-serif> 101,453 |
bottom width="3%" noWrap>
calibri,sans-serif> - |
bottom width="3%" noWrap>
black face=calibri,sans-serif>NA |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 42.48 |
bottom width="3%" noWrap>
calibri,sans-serif> - |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Putnam Asset Allocation Funds |
bottom width="3%" noWrap>
calibri,sans-serif> 5,390 |
bottom width="3%" noWrap>
calibri,sans-serif> - |
bottom width="3%" noWrap>
black face=calibri,sans-serif>NA |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>5% |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
calibri,sans-serif>NA |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Putnam ETF Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 2,672 |
bottom width="3%" noWrap>
calibri,sans-serif> - |
bottom width="3%" noWrap>
black face=calibri,sans-serif>NA |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>3% |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 1.90 |
bottom width="3%" noWrap>
calibri,sans-serif>NA |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Putnam Funds Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 17,493 |
bottom width="3%" noWrap>
calibri,sans-serif> - |
bottom width="3%" noWrap>
black face=calibri,sans-serif>NA |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>17% |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
calibri,sans-serif>NA |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Putnam Investment Funds |
bottom width="3%" noWrap>
calibri,sans-serif> 12,905 |
bottom width="3%" noWrap>
calibri,sans-serif> - |
bottom width="3%" noWrap>
black face=calibri,sans-serif>NA |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>13% |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
calibri,sans-serif>NA |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Putnam Target Date Funds |
bottom width="3%" noWrap>
calibri,sans-serif> 6 |
bottom width="3%" noWrap>
calibri,sans-serif> - |
bottom width="3%" noWrap>
black face=calibri,sans-serif>NA |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 0.15 |
bottom width="3%" noWrap>
calibri,sans-serif>NA |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Putnam Tax Free Funds |
bottom width="3%" noWrap>
calibri,sans-serif> 2,148 |
bottom width="3%" noWrap>
calibri,sans-serif> - |
bottom width="3%" noWrap>
black face=calibri,sans-serif>NA |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>2% |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 1.70 |
bottom width="3%" noWrap>
calibri,sans-serif>NA |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Putnam Variable Trust |
bottom width="3%" noWrap>
calibri,sans-serif> 6,188 |
bottom width="3%" noWrap>
calibri,sans-serif> - |
bottom width="3%" noWrap>
black face=calibri,sans-serif>NA |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>6% |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 2.50 |
bottom width="3%" noWrap>
calibri,sans-serif>NA |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Putnam - Stand Alone Fund Total |
bottom width="3%" noWrap>
calibri,sans-serif> 54,650 |
bottom width="3%" noWrap>
calibri,sans-serif> - |
bottom width="3%" noWrap>
black face=calibri,sans-serif>NA |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> calibri,sans-serif>54% |
bottom width="3%" noWrap>
right> calibri,sans-serif>0% |
bottom width="1%" noWrap> |
bottom width="3%" noWrap>
calibri,sans-serif> 28.73 |
bottom width="3%" noWrap>
calibri,sans-serif>NA |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>0% |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif> |
bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=arial,sans-serif> |
bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> |
bottom width="3%" noWrap>
black face=arial,sans-serif> |
|
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Total Franklin Templeton |
bottom width="3%" noWrap>
calibri,sans-serif>$ 589,713 |
bottom width="3%" noWrap>
calibri,sans-serif>$ 482,451 |
bottom width="3%" noWrap>
right> calibri,sans-serif>22.2% |
bottom width="1%" noWrap>
arial,sans-serif> |
bottom width="3%" noWrap>
arial,sans-serif> |
bottom width="3%" noWrap>
arial,sans-serif> |
bottom width="1%" noWrap>
arial,sans-serif> |
bottom width="3%" noWrap>
calibri,sans-serif>$ 146.43 |
bottom width="3%" noWrap>
calibri,sans-serif>$ 105.05 |
bottom width="3%" noWrap>
arial,sans-serif> |
|
| bottom width="74%" colSpan=2 noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> |
bottom width="3%" noWrap>
arial,sans-serif>. |
bottom width="3%" noWrap> | bottom width="3%" noWrap> | |
|
bottom width="74%" colSpan=2 noWrap>
black face=calibri,sans-serif>Recommended Registered Funds Bond Limit |
bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> | bottom width="3%" noWrap> | bottom width="3%" noWrap> | bottom width="1%" noWrap> |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>170.00 |
bottom width="3%" noWrap>
right> black face=calibri,sans-serif>130.00 |
bottom width="3%" noWrap> | |
|
bottom width="74%" colSpan=2 noWrap>
white face=calibri,sans-serif>Excess Limit - Minimum of $15 to $20 million |
bottom width="3%" noWrap>
right> white face=calibri,sans-serif> |
bottom width="3%" noWrap>
right> white face=calibri,sans-serif> |
bottom width="3%" noWrap>
right> white face=calibri,sans-serif> |
bottom width="1%" noWrap>
right> white face=calibri,sans-serif> |
bottom width="3%" noWrap>
right> white face=calibri,sans-serif> |
bottom width="3%" noWrap>
right> white face=calibri,sans-serif> |
bottom width="1%" noWrap>
right> white face=calibri,sans-serif> |
bottom width="3%" noWrap>
right> white face=calibri,sans-serif>23.58 |
bottom width="3%" noWrap>
right> white face=calibri,sans-serif>24.95 |
bottom width="3%" noWrap>
white face=arial,sans-serif> |
|
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face=Aptos,sans-serif>
EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face=Aptos,sans-serif>Funds:
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin BSP Lending Corporation |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin BSP Private Credit Fund |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Broadstone Real Estate Access Fund |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin BSP Capital Corporation |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Municipal High Income Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Intermediate Muni Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Managed Municipals Fund Inc. |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset High Income Opportunity Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset High Income Fund II Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Global High Income Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Emerging Markets Debt Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>LMP Capital and Income Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Investment Grade Defined Opportunity Trust Inc. |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Global Corporate Defined Opportunity Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Mortgage Opportunity Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge MLP and Midstream Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset High Yield Defined Opportunity Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Energy Midstream Opportunity Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - Global Income Opportunities Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge MLP and Midstream Total Return Fund Inc. |
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bottom width="100%" noWrap>
black face=calibri,sans-serif>Clarion Partners Real Estate Income Fund Inc. |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Clarion Partners Real Estate Income Fund Inc. |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Focus Value ESG ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Short Duration U.S. Government ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin International Core Dividend Tilt Index ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Emerging Market Core Dividend Tilt Index ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Equity Index ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Core Dividend Tilt Index ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Investment Grade Corporate ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Income Equity Focus ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Small Cap Multifactor Index ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Mid Cap Multifactor Index ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Large Cap Multifactor Index ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Dynamic Municipal Bond ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Municipal Green Bond ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Asia Ex Japan ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Eurozone ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE India ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Europe ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE United Kingdom ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Taiwan ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Switzerland ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE South Korea ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Mexico ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Japan Hedged ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Russia ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Japan ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Hong Kong ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Germany ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE China ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Brazil ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Canada ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Australia ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin International Aggregate Bond ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Senior Loan ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin High Yield Corporate ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Saudi Arabia ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin FTSE Latin America ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Systematic Style Premia ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Core Bond ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Disruptive Commerce ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Genomic Advancements ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Intelligent Machines ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Ultra Short Bond ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Treasury Bond ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Exponential Data ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL-Dynamic US Large Cap Value ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Martin Currie Sustainable International Equity ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Sustainable Infrastructure ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Income Focus ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Bond ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Focused Growth ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - U.S. Fixed Income ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Low Volatility High Dividend Index ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin International Low Volatility High Dividend Index ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge All Cap Growth ESG ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Dividend Strategy ESG ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Large Cap Growth ESG ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Royce Quant Small-Cap Quality Value ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Total Return ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Short Duration Income ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Government Securities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Utilities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin DynaTech Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Floating Rate Master Series |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Floating Rate Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin LifeSmart Retirement Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin LifeSmart 2025 Retirement Target Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin LifeSmart 2035 Retirement Target Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin LifeSmart 2045 Retirement Target Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Corefolio Allocation Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Global Allocation Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Conservative Allocation Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Moderate Allocation Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Growth Allocation Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin LifeSmart 2030 Retirement Target Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin LifeSmart 2050 Retirement Target Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin LifeSmart 2040 Retirement Target Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin LifeSmart 2020 Retirement Target Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin LifeSmart 2055 Retirement Target Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Core Equity (IU) Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin International Core Equity (IU) Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Emerging Market Core Equity (IU) Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin LifeSmart 2060 Retirement Target Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Emerging Market Debt Opportunities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin International Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Convertible Securities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Low Duration U.S. Government Securities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Equity Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Total Return Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Floating Rate Daily Access Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Managed Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Low Duration Total Return Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Long Duration Credit Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin California High Yield Municipal Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Strategic Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Small-Mid Cap Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Biotechnology Discovery Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Natural Resources Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Growth Opportunities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Small Cap Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Templeton SMACS: Series CH |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Templeton SMACS: Series E |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Templeton SMACS: Series H |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Templeton SMACS: Series I |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Federal Intermediate-Term Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Massachusetts Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Michigan Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Minnesota Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Ohio Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Colorado Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Georgia Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Pennsylvania Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin High Yield Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Federal Limited-Term Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Missouri Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Oregon Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Virginia Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Alabama Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Connecticut Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Louisiana Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Maryland Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin North Carolina Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin New Jersey Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Arizona Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Developing Markets VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Foreign VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin DynaTech VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Growth and Income VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Global Real Estate VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Global Bond VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Income VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Government Securities VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Rising Dividends VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Growth VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Small-Mid Cap Growth VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Large Cap Growth VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Mutual Global Discovery VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Mutual Shares VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Small Cap Value VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Strategic Income VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Allocation VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin VolSmart Allocation VIP Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Universal Trust |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin California Intermediate-Term Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin New York Intermediate-Term Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Strategic Mortgage Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>The U.S. Government Money Market Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Real Estate Securities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Gold and Precious Metals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin High Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Government Money Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin California Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin New York Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Federal Tax-Free Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Money Market Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Rising Dividends Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Limited Duration Income Trust |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin OnChain U.S. Government Money Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - Small Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Small Cap Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin International Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Martin Currie Emerging Markets Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge International Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Small Cap Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - Global Opportunities Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - Diversified US Large Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - Global Unconstrained Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - Alternative Credit Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Global Market Neutral Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Global Infrastructure Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - Flexible Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Martin Currie SMASh Series EM Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - Corporate Credit Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>BrandywineGLOBAL - High Yield Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Appreciation Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge All Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Dividend Strategy Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge International Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Large Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Tactical Dividend Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Global Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Multi-Asset Conservative Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Multi-Asset Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Multi-Asset Moderate Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Multi-Asset Defensive Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Large Cap Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin SP 500 Index Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Small Cap Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Mid Cap Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Small Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin U.S. Large Cap Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Mid Cap Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Select Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Sustainability Leaders Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Variable Appreciation Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Multi-Asset Variable Conservative Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Multi-Asset Variable Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Multi-Asset Variable Moderate Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Variable Large Cap Value Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Variable Large Cap Growth Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Variable Growth Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Variable Mid Cap Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Variable Small Cap Growth Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>ClearBridge Variable Dividend Strategy Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Templeton Conservative Model Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Templeton Moderately Conservative Model Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Templeton Moderate Model Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Templeton Moderately Aggressive Model Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Templeton Aggressive Model Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>K2 Alternative Strategies Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Mutual Beacon Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Mutual Global Discovery Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Mutual International Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Mutual Quest Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Mutual Shares Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Mutual U.S. Mid Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Mutual Small-Mid Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Small Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Global Smaller Companies Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Growth Fund Inc. |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Emerging Markets Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Developing Markets Trust |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Emerging Markets Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Dragon Fund Inc. |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton China World Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton World Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Foreign Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton International Climate Change Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Global Balanced Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Emerging Markets Small Cap Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Franklin Templeton SMACS: Series EM |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Global Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton International Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Global Total Return Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Templeton Sustainable Emerging Markets Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>International Equity Series |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Foreign Smaller Companies Series |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Managed Municipals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Corporate Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Mortgage Total Return Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset California Municipals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Municipal High Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Short Duration High Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset New York Municipals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Massachusetts Municipals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset New Jersey Municipals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Intermediate-Term Municipals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Short-Term Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Intermediate Maturity California Municipals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Intermediate Maturity New York Municipals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Ultra-Short Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Pennsylvania Municipals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Oregon Municipals Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Short Duration Municipal Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Institutional Liquid Reserves |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Institutional U.S. Treasury Reserves |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Institutional Government Reserves |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Select Tax Free Reserves |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset SMASh Series M Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset SMASh Series C Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset SMASh Series Core Plus Completion Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Institutional U.S. Treasury Obligations Money Market Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Premier Institutional Liquid Reserves |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Premier Institutional Government Reserves |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Premier Institutional US Treasury Reserves |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset SMASh Series Core Completion Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset SMASh Series TF Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Government Reserves |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Long Credit VIT |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Core Plus VIT Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Variable Global High Yield Bond Portfolio |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Investment Grade Income Fund Inc. |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Premier Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Inflation-Linked Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Inflation-Linked Opportunities Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Diversified Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Core Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Intermediate Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Core Plus Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Inflation Indexed Plus Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset High Yield Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Total Return Unconstrained Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Western Asset Macro Opportunities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Dynamic Asset Allocation Balanced Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Dynamic Asset Allocation Conservative Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Dynamic Asset Allocation Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Multi-Asset Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Bdc Income ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam BioRevolution ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Esg Core Bond ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Emerging Markets Ex-China ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Esg High Yield ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam ESG Ultra Short ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Focused Large Cap Growth ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Focused Large Cap Value ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Panagora Esg Emerging Markets Equity ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Panagora ESG International Equity ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Future ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Leaders ETF |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Core Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Dynamic Asset Allocation Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Emerging Markets Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Floating Rate Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Focused Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Global Technology Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Intermediate-Term Municipal Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam International Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Mortgage Opportunities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Short Duration Bond Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Short Term Investment Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Short-Term Municipal Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Small Cap Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Ultra Short Duration Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Ultra Short Mac Series |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Government Money Market Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam International Capital Opportunities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Large Cap Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Research Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Small Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Future Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Retirement Advantage 2025 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Retirement Advantage 2030 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Retirement Advantage 2035 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Retirement Advantage 2040 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Retirement Advantage 2045 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Retirement Advantage 2050 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Retirement Advantage 2055 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Retirement Advantage 2060 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Retirement Advantage 2065 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Retirement Advantage Maturity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Retirement 2025 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Retirement 2030 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Retirement 2035 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Retirement 2040 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Retirement 2045 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Retirement 2050 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Retirement 2055 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Retirement 2060 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Retirement 2065 Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Retirement Maturity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Strategic Intermediate Municipal Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Tax-Free High Yield Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Core Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Diversified Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Emerging Markets Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Focused International Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT George Putnam Balanced Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Global Asset Allocation Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Global Health Care Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Government Money Market Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT High Yield Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT International Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT International Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Large Cap Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Large Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Mortgage Securities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Research Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Small Cap Growth Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Small Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Sustainable Future Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam VT Sustainable Leaders Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>George Putnam Balanced Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam California Tax Exempt Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Convertible Securities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Core Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Diversified Income Trust |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Focused International Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Global Health Care Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Global Income Trust |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam High Yield Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam International Equity Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Large Cap Value Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Managed Municipal Income Trust |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Massachusetts Tax Exempt Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Master Intermediate Income Trust |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Minnesota Tax Exempt Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Money Market Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Mortgage Securities Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Municipal Opportunities Trust |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam New Jersey Tax Exempt Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam New York Tax Exempt Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Ohio Tax Exempt Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Pennsylvania Tax Exempt Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Premier Income Trust |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Sustainable Leaders Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Tax Exempt Income Fund |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Muni Opportunities - Preferred |
|
bottom width="100%" noWrap>
black face=calibri,sans-serif>Putnam Managed Muni - Preferred EN-US style="FONT-SIZE: 11pt"> Franklin Lexington Private Markets Fund |
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
No Suppliers Found
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|