ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 13 of 19
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Conditions And Limitations
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Limit Of Liability/Non- Reduction And Non- Accumulation Of Liability (continued)
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d.
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any one casualty or event other than those specified in a., b., or c. above, shall be deemed to be one loss and shall be limited to the applicable LIMIT OF LIABILITY stated in ITEM
2. of the DECLARATIONS of this Bond irrespective of the total amount of such loss or losses and shall not be cumulative in amounts from year to year or from period to period.
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All acts, as specified in c. above, of any one person
which
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i.
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directly or indirectly aid in any way wrongful acts of any other person or persons, or
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ii.
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permit the continuation of wrongful acts of any other person or persons whether such acts are committed with or without the knowledge of the wrongful acts of the person so aided,
and whether such acts are committed with or without the intent to aid such other person, shall be deemed to be one loss with the wrongful acts of all persons so aided.
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Discovery
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6.
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This Bond applies only to loss first discovered by an officer of the ASSURED during the BOND PERIOD. Discovery occurs at the earlier of an officer of the ASSURED being
aware of:
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a.
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facts which may subsequently result in a loss of a type covered by this Bond, or
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b.
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an actual or potential claim in which it is alleged that the ASSURED is liable to a third party,
regardless of when the act or acts causing or contributing to such loss occurred, even though the amount of loss does not exceed the applicable
DEDUCTIBLE AMOUNT, or the exact amount or details of loss may not then be known.
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Notice To Company - Proof - Legal Proceedings Against Company
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7.
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a.
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The ASSURED shall give the COMPANY notice thereof at the earliest practicable moment, not to exceed sixty (60) days after discovery of loss, in an amount that is in excess of 50% of
the applicable DEDUCTIBLE AMOUNT, as stated in ITEM 2. of the DECLARATIONS.
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b.
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The ASSURED shall furnish to the COMPANY proof of loss, duly sworn to, with full particulars within six (6) months after such discovery.
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c.
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Securities listed in a proof of loss shall be identified by certificate or bond numbers, if issued with them.
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d.
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Legal proceedings for the recovery of any loss under this Bond shall not be brought prior to the expiration of sixty (60) days after the proof of loss is filed with the COMPANY or
after the expiration of twenty-four (24) months from the discovery of such loss.
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e.
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This Bond affords coverage only in favor of the ASSURED. No claim, suit, action or legal proceedings shall be brought under this Bond by anyone other than the
ASSURED.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 14 of 19
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Conditions And Limitations
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Notice To Company - Proof - Legal Proceedings Against Company (continued)
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f.
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Proof of loss involving
Voice Initiated Funds Transfer Instruction
shall include electronic recordings of such instructions.
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Deductible Amount
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8.
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The COMPANY shall not be liable under any INSURING CLAUSES of this Bond on account of loss unless the amount of such loss, after deducting the net amount of all
reimbursement and/or recovery obtained or made by the ASSURED, other than from any Bond or policy of insurance issued by an insurance company and covering such loss, or by the COMPANY on account thereof prior to payment by the COMPANY of such loss,
shall exceed the DEDUCTIBLE AMOUNT set forth in ITEM 3. of the DECLARATIONS, and then for such excess only, but in no event for more than the applicable LIMITS OF LIABILITY stated in ITEM 2. of the DECLARATIONS.
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There shall be no deductible applicable to any loss under INSURING CLAUSE 1. sustained by any
Investment Company
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Valuation
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9.
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BOOKS OF ACCOUNT OR OTHER RECORDS
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The value of any loss of
Property
consisting of books of account or other records used by the ASSURED in the conduct of its business shall be the amount paid by
the ASSURED for blank books, blank pages, or other materials which replace the lost books of account or other records, plus the cost of labor paid by the ASSURED for the actual transcription or copying of data to reproduce such books of account or
other records.
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The value of any loss of
Property
other than books of account or other records used by the ASSURED in the conduct of its business, for which a claim is made shall
be determined by the average market value of such
Property
on the business day immediately preceding discovery of such loss provided, however, that the value of any
Property
replaced by the ASSURED with the consent of the COMPANY and
prior to the settlement of any claim for such
Property
shall be the actual market value at the time of replacement.
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In the case of a loss of interim certificates, warrants, rights or other securities, the production of which is necessary to the exercise of subscription, conversion,
redemption or deposit privileges, the value of them shall be the market value of such privileges immediately preceding their expiration if said loss is not discovered until after their expiration. If no market price is quoted for such
Property
or for such privileges, the value shall be fixed by agreement between the parties.
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OTHER PROPERTY
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The value of any loss of
Property
, other than as stated above, shall be the actual cash value or the cost of repairing or replacing such
Property
with
Property
of like quality and value, whichever is less.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 15 of 19
Conditions And
Limitations
(continued)
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Securities Settlement
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10.
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In the event of a loss of securities covered under this Bond, the COMPANY may, at its sole discretion, purchase replacement
securities, tender the value of the securities in money, or issue its indemnity to effect replacement securities.
The indemnity required from the ASSURED under the terms of this Section against all loss, cost or expense arising from the replacement of securities by the COMPANYS indemnity shall
be:
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a.
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for securities having a value less than or equal to the applicable DEDUCTIBLE AMOUNT - one hundred (100%) percent;
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b.
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for securities having a value in excess of the DEDUCTIBLE AMOUNT but within the applicable LIMIT OF LIABILITY - the percentage that the DEDUCTIBLE AMOUNT bears to the value of the
securities;
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c.
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for securities having a value greater than the applicable LIMIT OF LIABILITY - the percentage that the DEDUCTIBLE AMOUNT and portion in excess of the applicable LIMIT OF LIABILITY
bears to the value of the securities.
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The value referred to in Section 10.a., b., and c. is the value in accordance with Section 9, VALUATION, regardless of the
value of such securities at the time the loss under the COMPANYS indemnity is sustained.
The COMPANY is not required to issue its indemnity for any portion of a loss of securities which is not covered by this Bond; however, the COMPANY may do so as a courtesy to the ASSURED and at its sole
discretion.
The ASSURED shall pay the proportion of the Companys
premium charge for the Companys indemnity as set forth in Section 10.a., b., and c. No portion of the LIMIT OF LIABILITY shall be used as payment of premium for any indemnity purchased by the ASSURED to obtain replacement
securities.
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Subrogation -
Assignment -
Recovery
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11.
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In the event of a payment under this Bond, the COMPANY shall be subrogated to all of the ASSUREDS rights of recovery
against any person or entity to the extent of such payment. On request, the ASSURED shall deliver to the COMPANY an assignment of the ASSUREDS rights, title and interest and causes of action against any person or entity to the extent of such
payment.
Recoveries, whether effected by the COMPANY or by the ASSURED,
shall be applied net of the expense of such recovery in the following order:
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a.
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first, to the satisfaction of the ASSUREDS loss which would otherwise have been paid but for the fact that it is in excess of the applicable LIMIT OF
LIABILITY,
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b.
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second, to the COMPANY in satisfaction of amounts paid in settlement of the ASSUREDS claim,
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c.
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third, to the ASSURED in satisfaction of the applicable DEDUCTIBLE AMOUNT, and
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 16 of 19
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Conditions And Limitations
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Subrogation -
Assignment -
Recovery
(continued)
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d.
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fourth, to the ASSURED in satisfaction of any loss suffered by the ASSURED which was not covered under this Bond. Recovery from reinsurance or indemnity of the COMPANY shall not be
deemed a recovery under this section.
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Cooperation Of Assured
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12 .
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At the COMPANYS request and at reasonable times and places designated by the COMPANY, the ASSURED shall:
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a.
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submit to examination by the COMPANY and subscribe to the same under oath,
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b.
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produce for the COMPANYS examination all pertinent records, and
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c.
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cooperate with the COMPANY in all matters pertaining to the loss.
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The ASSURED shall execute all papers and render assistance to secure to the COMPANY the rights and causes of action provided for under this Bond. The ASSURED shall do
nothing after loss to prejudice such rights or causes of action.
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Termination
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13 .
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If the Bond is for a sole ASSURED, it shall not be terminated unless written notice shall have been given by the acting
party to the affected party and to the Securities and Exchange Commission, Washington, D.C., not less than sixty (60) days prior to the effective date of such termination.
If the Bond is for a joint ASSURED, it shall not be terminated unless written notice
shall have been given by the acting party to the affected party, and by the COMPANY to all ASSURED
Investment Companies
and to the Securities and Exchange Commission, Washington, D.C., not less than sixty (60) days prior to the effective date
of such termination.
This Bond will terminate as to any one ASSURED, other
than an
Investment
Company
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a.
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immediately on the taking over of such ASSURED by a receiver or other liquidator or by State or Federal officials, or
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b.
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immediately on the filing of a petition under any State or Federal statute relative to bankruptcy or reorganization of the ASSURED, or assignment for the benefit of creditors of the
ASSURED, or
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c.
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immediately upon such ASSURED ceasing to exist, whether through merger into another entity, disposition of all of its assets or otherwise.
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The COMPANY shall refund the unearned premium computed at short rates in accordance with the standard short rate cancellation tables if terminated by the ASSURED or pro rata if
terminated for any other reason.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 17 of 19
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Conditions And Limitations
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Termination (continued)
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If any partner, director, trustee, or officer or supervisory employee of an ASSURED not acting in collusion with an
Employee
learns of any dishonest act committed
by such
Employee
at any time, whether in the employment of the ASSURED or otherwise, whether or not such act is of the type covered under this Bond, and whether against the ASSURED or any other person or entity, the ASSURED:
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a.
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shall immediately remove such
Employee
from a position that would enable such
Employee
to cause the ASSURED to suffer a loss covered by this Bond;
and
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b.
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within forty-eight (48) hours of learning that an
Employee
has committed any dishonest act, shall notify the COMPANY, of such action and provide full particulars
of such dishonest act.
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The COMPANY may terminate coverage as respects any
Employee
sixty (60) days after written notice is received by each ASSURED
Investment Company
and the
Securities and Exchange Commission, Washington, D.C. of its desire to terminate this Bond as to such
Employee
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Other Insurance
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14.
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Coverage under this Bond shall apply only as excess over any valid and collectible insurance, indemnity or suretyship obtained by or on behalf of:
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a.
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the ASSURED,
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b.
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a
Transportation Company
, or
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c.
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another entity on whose premises the loss occurred or which employed the person causing the loss or engaged the messenger conveying the
Property
involved.
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Conformity
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15.
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If any limitation within this Bond is prohibited by any law controlling this Bonds construction, such limitation shall
be deemed to be amended so as to equal the minimum period of limitation provided by such law.
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Change or
Modification
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16.
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This Bond or any instrument amending or affecting this Bond may not be changed or modified orally. No change in or modification of this Bond shall be effective except
when made by written endorsement to this Bond signed by an authorized representative of the COMPANY.
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If this Bond is for a sole ASSURED, no change or modification which would adversely affect the rights of the ASSURED shall be effective prior to sixty (60) days after
written notice has been furnished to the Securities and Exchange Commission, Washington, D.C., by the acting party.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 18 of 19
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Conditions And Limitations
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Change or Modification (continued)
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If this Bond is for a joint ASSURED, no charge or modification which would adversely affect the rights of the ASSURED shall be effective prior to sixty (60) days after written
notice has been furnished to all insured
Investment Companies
and to the Securities and Exchange Commission, Washington, D.C., by the COMPANY.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98) Page 19 of 19
Important Notice:
The SEC Requires Proof of Your Fidelity Insurance Policy
Your company is now required to
file an electronic copy of your fidelity insurance coverage (Chubbs ICAP Bond policy) to the Securities and Exchange Commission (SEC), according to rules adopted by the SEC on June 12, 2006.
Chubb is in the process of providing your agent/broker with an electronic copy of your insurance policy as well as instructions on how to submit this
proof of fidelity insurance coverage to the SEC. You can expect to receive this information from your agent/broker shortly.
The electronic
copy of your policy is provided by Chubb solely as a convenience and does not affect the terms and conditions of coverage as set forth in the paper policy you receive by mail. The terms and conditions of the policy mailed to you, which are the same
as those set forth in the electronic copy, constitute the entire agreement between your company and Chubb.
If you have any questions, please
contact your agent or broker.
Form 14-02-12160 (ed. 7/2006)
IMPORTANT NOTICE TO POLICYHOLDERS
All of the members of the Chubb Group of Insurance companies doing business in the United States (hereinafter Chubb)
distribute their products through licensed insurance brokers and agents (producers). Detailed information regarding the types of compensation paid by Chubb to producers on US insurance transactions is available under the Producer
Compensation link located at the bottom of the page at www.chubb.com, or by calling 1-866-588-9478. Additional information may be available from your producer.
Thank you for choosing Chubb.
10-02-1295 (ed. 6/2007)
POLICYHOLDER
DISCLOSURE NOTICE OF
TERRORISM INSURANCE COVERAGE
(for policies with no terrorism exclusion or sublimit)
You are hereby notified that, under the Terrorism Risk Insurance Act (the Act), effective December 26, 2007, this policy makes available to you insurance for losses arising out of certain
acts of terrorism. Terrorism is defined as any act certified by the Secretary of the Treasury, in concurrence with the Secretary of State and the Attorney General of the United States, to be an act of terrorism; to be a violent act or an act that is
dangerous to human life, property or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of an air carrier or vessel or the premises of a United States Mission; and to have been committed by
an individual or individuals as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion.
You should know that the insurance provided by your policy for losses caused by acts of terrorism is partially reimbursed by the United States under the
formula set forth in the Act. Under this formula, the United States pays 85% of covered terrorism losses that exceed the statutorily established deductible to be paid by the insurance company providing the coverage.
However, if aggregate insured losses attributable to terrorist acts certified under the Act exceed $100 billion in a Program Year (January 1 through
December 31), the Treasury shall not make any payment for any portion of the amount of such losses that exceeds $100 billion.
10-02-1281
(Ed. 1/2003)
If aggregate insured losses attributable to terrorist acts certified under the Act exceed $100 billion in a
Program Year (January 1 through December 31) and we have met our insurer deductible under the Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up
to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury.
The portion of
your policys annual premium that is attributable to insurance for such acts of terrorism is: $
-0-.
If you have any questions
about this notice, please contact your agent or broker.
10-02-1281 (Ed. 1/2003)
FEDERAL INSURANCE COMPANY
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Endorsement No:
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1
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Bond Number:
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81844480
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NAME OF ASSURED: HARBOR CAPITAL ADVISORS, INC.
AMEND NAME OF ASSURED
ENDORSEMENT
It is agreed that NAME OF ASSURED of the DECLARATIONS for this Bond is amended to include the following:
Harbor Funds
Harbor Capital Appreciation Fund
Harbor Mid Cap Growth Fund
Harbor
Large Cap Value Fund
Harbor Mid Cap Value Fund
Harbor Small Company Value Fund
Harbor Small Cap Value Fund
Harbor International Fund
Harbor International
Growth Fund
Harbor Global Value Fund
Harbor High Yield Bond Fund
Harbor Bond Fund
Harbor Real Return Fund
Harbor
Money Market Fund
Harbor Capital Advisors, Inc.
Harbor Funds Distributors, Inc.
Harbor Services Group, Inc.
Harbor Target Retirement Income Fund
Harbor
Target Retirement 2010 Fund
Harbor Target Retirement 2015 Fund
Harbor Target Retirement 2020 Fund
Harbor Target Retirement 2025 Fund
Harbor Target Retirement 2030 Fund
Harbor
Target Retirement 2035 Fund
Harbor Target Retirement 2040 Fund
Harbor Target Retirement 2045 Fund
Harbor Target Retirement 2050 Fund
Harbor Global Growth Fund
Harbor Unconstrained
Bond Fund
Harbor Commodity Real Return Strategy Fund
Harbor Cayman Commodity Fund, Ltd.
Harbor Small Cap Growth Fund
Harbor Flexible Capital Fund
Harbor Convertible
Securities Fund
Harbor Emerging Markets Debt Fund
This Endorsement applies to loss discovered after 12:01 a.m. on September 1, 2013.
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ICAP Bond
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Form 17-02-6272 (Ed. 8-04).
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Page 1
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ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: August 26, 2013
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ICAP Bond
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Form 17-02-6272 (Ed. 8-04) Page 2
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ENDORSEMENT/RIDER
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Effective date of
this endorsement/rider: September 1, 2013
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FEDERAL INSURANCE COMPANY
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Endorsement/Rider No.
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2
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To be attached to and
form
a part of Bond No.
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81844480
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Issued to: HARBOR CAPITAL ADVISORS, INC.
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AMENDING SECTION 14 ENDORSEMENT
In consideration of the premium charged, it is agreed that this Bond is amended by deleting Section 14, Other Insurance, in its entirety and substituting the following:
Coverage under
this bond shall apply only as excess over any valid and collectible insurance, indemnity or suretyship obtained by or on behalf of:
a.
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the ASSURED, unless such other insurance, indemnity or suretyship is written only as specific excess over the Limit of Liability provided in this Bond; or
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b.
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a
Transportation Company
, or
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c.
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another entity on whose premises the loss occurred or which employed the person causing the loss or engaged the messenger conveying the
Property
involved.
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The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of
coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
17-02-7067 (09/2005)
Page 1
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ENDORSEMENT/RIDER
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Effective date of
this endorsement/rider: September 1, 2013
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FEDERAL INSURANCE COMPANY
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Endorsement/Rider No.
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3
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To be attached to and
form
a part of Bond No.
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81844480
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Issued to: HARBOR CAPITAL ADVISORS, INC.
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AMENDING GENERAL AGREEMENT C. ENDORSEMENT
In consideration of the premium charged, it is agreed that this Bond is amended by adding to General Agreement C., Additional Offices Or Employees-Consolidation, Merger Or Purchase Or Acquisition Of
Assets Or Liabilities-Notice To Company the following:
If the ASSURED, while this Bond is in force, creates a separate
investment portfolio, and within ninety (90) days of such creation notifies the COMPANY thereof, then this Bond shall automatically apply to the newly created investment portfolio. The COMPANY may make such coverage subject to the payment of any
additional premium.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and
conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
17-02-7066 (09/2005)
Page 1
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ENDORSEMENT/RIDER
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Effective date of
this endorsement/rider: September 1, 2013
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FEDERAL INSURANCE COMPANY
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Endorsement/Rider No.
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4
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To be attached to and
form
a part of Bond No.
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81844480
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Issued to: HARBOR CAPITAL ADVISORS, INC.
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COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS
It is agreed that this insurance does not apply to the extent that trade or economic sanctions or other similar laws or regulations prohibit the coverage
provided by this insurance.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and
conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
14-02-9228 (02/2010)
Page 1
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ENDORSEMENT/RIDER
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Effective date of
this endorsement/rider: September 1, 2013
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FEDERAL INSURANCE COMPANY
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Endorsement/Rider No.
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5
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To be attached to and
form
a part of Bond No.
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81844480
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Issued to: HARBOR CAPITAL ADVISORS, INC.
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DELETING VALUATION-OTHER PROPERTY AND AMENDING CHANGE OR MODIFICATION ENDORSEMENT
In consideration of the premium charged, it is agreed that this Bond is amended as follows:
1.
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The paragraph titled Other Property in Section 9, Valuation, is deleted in its entirety.
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2.
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The third paragraph in Section 16, Change or Modification, is deleted in its entirety and replaced with the following:
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If this Bond is for a joint ASSURED, no change or modification which would adversely affect the rights of the ASSURED shall be effective
prior to sixty (60) days after written notice has been furnished to all insured
Investment Companies
and the Securities and Exchange Commission, Washington, D.C., by the COMPANY.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
17-02-2437
(12/2006) rev.
Page 1
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FEDERAL INSURANCE COMPANY
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Endorsement No:
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6
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Bond Number:
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81844480
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NAME OF ASSURED: HARBOR CAPITAL ADVISORS, INC.
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GENERAL TERMINATION ENDORSEMENT
It is agreed that this Bond is amended by adding to Section 13., Termination, the following:
No termination of this Bond as an entirety by the COMPANY shall take effect prior to the expiration of ninety (90) days after written notice of such
termination has been mailed to:
National Association of Securities Dealers, Inc.
1735 K. Street, N.W.
Washington, DC 20006
If the Bond as an entirety terminates based on the occurrence of any of the events described in a., b., or c. of the third paragraph of this
Section 13., the COMPANY shall endeavor to provide written notice as soon as practicable of such termination to:
National Association of
Securities Dealers, Inc.
1735 K. Street, N.W.
Washington, DC 20006
This Endorsement applies to loss discovered after 12:01 a.m. on
September 1, 2013.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: August 26, 2013
ICAP Bond
Form 17-02-7052 (Ed. 4-05) Page 1
HARBOR FUNDS
RESOLUTIONS OF BOARD OF TRUSTEES
I, Erik D. Ojala, hereby certify that I
am the duly elected and acting Secretary of Harbor Funds (the Trust), a Delaware statutory trust, and that the following is a true, correct and complete copy of the resolutions adopted by the unanimous vote of the trustees of Harbor
Funds (including those trustees who are not interested persons of Harbor Funds, as that term is defined in the Investment Company Act of 1940) at a board meeting held on August 11-12, 2013.
RESOLVED,
that upon due consideration of all relevant factors, including, but not limited to, the value of the aggregate assets of
the Harbor Funds (the Trust) and each Fund to which any Covered Person (which for the purpose of these resolutions shall mean each officer and employee of the Trust, Harbor Capital Advisors, Inc., Harbor Services Group, Inc., and Harbor
Funds Distributors, Inc., who may singly or jointly with others, have access to securities or funds of the Trust, either directly or through authority to draw upon such funds or to direct generally the disposition of such securities of the Trust)
may have access, the type and terms of the arrangements made for the custody and safekeeping of such assets and the nature of the portfolio securities of the Trust, the form of the Fidelity Bond (the Bond) presented to this meeting, and
the amount thereof, namely coverage up to
$7,500,000
for any larceny or embezzlement committed by any Covered Person, are determined to be reasonable and are hereby approved.
FURTHER RESOLVED,
that taking into consideration all relevant factors, including, but not limited to, the amount of the Bond and
the amount of
$24,766
representing the total premium for the Bond of which the Trust will pay
$18,575
for the period September 1, 2013 to September 1, 2014 payable for coverage as described in the preceding resolution, the
premium hereby is approved, and the payment of the premium by any officer of the Trust be, and it hereby is, approved.
FURTHER RESOLVED,
that the Secretary, Treasurer or Assistant Secretary of the Trust be, and each hereby is, designated as an
officer directed to make the filings and file the notices required of the Trust by Rule 17g-1 under the Investment Company Act of 1940, as amended.
* * *
IN WITNESS WHEREOF, I have executed this certification effective
August 19, 2013.
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/s/ Erik D. Ojala
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Erik D. Ojala
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Vice President and Secretary
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Harbor Funds
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CHUBB GROUP OF INSURANCE
COMPANIES
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233 South Wacker Drive, Suite 4700 Chicago, IL
60606
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Telephone (312) 454-4200
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August 26, 2013
Erik D. Ojala
Senior Vice President, Associate General Counsel
Harbor Capital Advisors, Inc.
111 South Wacker
Drive, Suite 3400
Chicago, IL 60606
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Policy Type
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Policy Number
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Effective Date
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Underwriting Company
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Bond
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8184-4480
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09/01/2013
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Federal Insurance Company
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Dear Mr. Ojala:
The premium allocation Schedule A that you provided for the 2013/2014 term using the asset size of the funds appears to be fair and reasonable. The allocation of premiums among the funds is
based upon the asset size of each fund relative to the total.
I am hereby confirming that the share of total premium for the Bond and
D&O/E&O coverage allocated to each investment company insured is less than such company would pay if it purchased separate bond and professional liability policies from Federal Insurance Company.
Sincerely,
Robert McGann
Underwriter
Department of Financial
Institutions
(312) 496-7717
rmcgann@chubb.com
INSURANCE AGREEMENT
This Agreement dated and effective as of the September 1, 2013, by and among the follow parties: Harbor Funds, Harbor Capital
Advisors, Inc., Harbor Funds Distributors, Inc. and Harbor Services Group, Inc.
WHEREAS
, the parties hereto are
parties to a joint fidelity bond issued by the Federal Insurance Company, a subsidiary of the Chubb Group of Insurance Companies;
NOW, THEREFORE,
in consideration of the mutual covenant and premises hereinafter contained, the parties hereto agree as follows:
1.
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The annual premium allocations as set forth herein relating to the premium paid the Chubb Group of Insurance Companies for fidelity bond coverage is fair and
reasonable:
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PREMIUM ALLOCATION
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Harbor Funds
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75
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%
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Harbor Capital Advisors, Inc.
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5
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%
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Harbor Funds Distributors, Inc.
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5
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%
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Harbor Services Group, Inc.
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15
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%
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2.
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In the event recovery is received under the bond as a result of a loss sustained by Harbor Funds and one or more other named insureds, Harbor Funds shall receive
an equitable and proportionate share of the recovery, but at least equal to the amount which it would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1(d)(1) under the Investment
Company Act of 1940, as amended.
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HARBOR FUNDS
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HARBOR FUNDS DISTRIBUTORS, INC.
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/
S
/ E
RIK
D.
O
JALA
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/
S
/ C
HARLES
F.
M
C
C
AIN
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Erik D. Ojala
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Charles F. McCain
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Secretary
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Executive Vice President
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HARBOR CAPITAL ADVISORS, INC.
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HARBOR SERVICES GROUP, INC.
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/
S
/ E
RIK
D.
O
JALA
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/
S
/ C
HARLES
P.
R
AGUSA
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Erik D. Ojala
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Charles P. Ragusa
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Secretary
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President
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