Conditions And
Limitations
Termination
(continued)
|
|
If any partner, director, trustee, or officer or supervisory employee of an ASSURED not acting in collusion with an
Employee
learns of any dishonest act committed by such
Employee
at any time, whether in the employment of the ASSURED or otherwise, whether or not such act is of the type covered under this Bond, and whether against the ASSURED or any other person or entity, the ASSURED:
|
|
|
|
|
|
|
a.
|
shall immediately remove such
Employee
from a position that would
enable such
Employee
to cause the ASSURED to suffer a loss covered by this Bond; and
|
|
|
|
|
|
|
b.
|
within forty-eight (48) hours of learning that an
Employee
has
committed any dishonest act, shall notify the COMPANY, of such action and provide full particulars of such dishonest act.
|
|
|
|
|
|
|
The COMPANY may terminate coverage as respects any
Employee
sixty (60) days after written notice is received by each ASSURED
Investment Company
and the Securities and Exchange Commission, Washington, D.C. of its desire to terminate this Bond as to such
Employee
.
|
|
|
|
|
Other Insurance
|
14.
|
Coverage under this Bond shall apply only as excess over any valid and collectible insurance, indemnity or suretyship obtained by or on behalf of:
|
|
|
|
|
|
|
a.
|
the ASSURED,
|
|
|
|
|
|
|
b.
|
a
Transportation Company
, or
|
|
|
|
|
|
|
c.
|
another entity on whose premises the loss occurred or which employed the
person causing the loss or engaged the messenger conveying the
Property
involved.
|
|
|
|
|
Conformity
|
15.
|
If any limitation within this Bond is prohibited by any law controlling this Bond’s construction, such limitation shall be deemed to be amended so as to equal the minimum period of limitation provided by such law.
|
|
Change
or Modification
|
16.
|
This Bond or any instrument amending or affecting this Bond may not be changed or modified orally. No change in or modification of this Bond shall be effective except when made by written endorsement to this Bond signed by an authorized representative of the COMPANY.
|
|
|
|
If this Bond is for a sole ASSURED, no change or modification which would adversely affect the rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished to the Securities and Exchange Commission, Washington, D.C., by the acting party.
|
ICAP Bond (5-98)
|
|
Form 17-02-1421 (Ed. 5-98)
|
Page 18 of 19
|
Conditions And
Limitations
Change
or Modification
(continued)
|
|
If this Bond
is for a joint ASSURED, no charge or modification which would adversely affect the rights of the ASSURED shall be effective
prior to sixty (60) days after written notice has been furnished to all insured
Investment Companies
and to the Securities
and Exchange Commission, Washington, D.C., by the COMPANY.
|
ICAP Bond (5-98)
|
|
Form 17-02-1421 (Ed. 5-98)
|
Page 19 of 19
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
Endorsement No: 13
|
|
|
|
Bond Number: 82047441
|
NAME OF ASSURED: MERCER FUNDS
|
|
|
|
|
NAME OF ASSURED ENDORSEMENT
|
|
It is agreed that the NAME OF ASSURED in the DECLARATIONS
is amended to read as follows:
|
|
Mercer US Large Cap Growth Equity Fund
|
|
Mercer US Large Cap Value Equity Fund
|
|
Mercer US Small/Mid Cap Growth Equity Fund Fund
|
|
Mercer US Small/Mid Cap Value Equity Fund
|
|
Mercer Non-US Core Equity Fund
|
|
Mercer Core Opportunistic Fixed Income Fund
|
|
Mercer US Short Maturity Fixed Income Fund
|
|
Mercer Emerging Markets Equity Fund
|
|
Mercer Global Low Volatility Equity Fund
|
|
|
This Endorsement applies to loss discovered after 12:01 a.m. on June 30,
2013.
|
|
|
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
Date: July 8, 2013
|
By
|
|
|
|
Authorized Representative
|
|
|
ICAP Bond
|
|
Form 17-02-0949 (Rev. 1-97)
|
Page 1
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement No.: 2
|
|
|
|
|
Bond Number: 82047441
|
NAME OF ASSURED: MERCER FUNDS
|
|
|
|
TELEFACSIMILE INSTRUCTION FRAUD ENDORSEMENT
It is agreed that this Bond is amended as follows:
1.
|
By adding the following INSURING CLAUSE:
|
|
|
|
12.
|
Telefacsimile Instruction
|
|
|
|
|
|
Loss resulting directly from the ASSURED having transferred,
paid or delivered any funds or other
Property
or established any credit, debited any account or given any value on
the faith of any fraudulent instructions sent by a
Customer
, financial institution or another office of the ASSURED
by
Telefacsimile
directly to the ASSURED authorizing or acknowledging the transfer, payment or delivery of funds or
Property
or the establishment of a credit or the debiting of an account or the giving of value by the ASSURED where
such
Telefacsimile
instructions:
|
|
|
|
|
|
|
a.
|
bear a valid test key exchanged between the ASSURED
and a
Customer
or another financial institution with authority to use such test key for
Telefacsimile
instructions
in the ordinary course of business, but which test key has been wrongfully obtained by a person who was not authorized to
initiate, make, validate or authenticate a test key arrangement, and
|
|
|
|
|
|
|
b.
|
fraudulently purport to have been sent by such
Customer
or financial institution when such
Telefacsimile
instructions were transmitted without the knowledge
or consent of such
Customer
or financial institution by a person other than such
Customer
or financial institution
and which bear a
Forgery
of a signature, provided that the
Telefacsimile
instruction was verified by a direct
call back to an employee of the financial institution, or a person thought by the ASSURED to be the
Customer
, or an
employee of another financial institution.
|
|
|
|
|
2.
|
By deleting from Section 1., Definitions, the definition of
Customer
in its entirety, and substituting the following:
|
|
|
|
|
|
d.
|
Customer
means an individual, corporate, partnership, trust customer, shareholder or subscriber of an Investment Company which has a written agreement with the ASSURED for
Voice Initiated Funds Transfer Instruction
or
Telefacsimile
Instruction.
|
|
|
ICAP Bond
|
|
Form 17-02-2367 (Rev. 10-03)
|
Page 1
|
3.
|
By adding to Section 1., Definitions, the following:
|
|
|
r.
|
Telefacsimile
means a system of transmitting written documents by electronic signals over telephone lines to equipment maintained by
the ASSURED for the purpose of reproducing a copy of said document.
Telefacsimile
does not mean electronic communication
sent by Telex or similar means of communication, or through an electronic communication system or through an automated clearing
house.
|
|
4.
|
By adding to Section 3., Specific Exclusions Applicable to All Insuring Clauses Except Insuring Clause 1. the following:
|
|
|
|
j.
|
loss resulting directly or
indirectly from
Telefacsimile
instructions provided, however, this exclusion shall not apply to this INSURING CLAUSE.
|
|
|
|
|
This Endorsement applies to loss discovered after 12:01 a.m.
on June 30, 2013.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: July 8, 2013
|
By
|
|
|
|
Authorized Representative
|
|
|
ICAP Bond
|
|
Form 17-02-2367 (Rev. 10-03)
|
Page 2
|
ENDORSEMENT/RIDER
Effective date of
|
|
|
this endorsement/rider: June 30, 2013
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement/Rider No. 3
|
|
|
|
To be attached to and
|
|
form a part of Bond No. 82047441
|
Issued to: MERCER FUNDS
DELETING VALUATION-OTHER PROPERTY AND AMENDING
CHANGE OR MODIFICATION
ENDORSEMENT
In consideration of the premium charged, it is agreed that this
Bond is amended as follows:
1.
|
The paragraph titled Other Property in Section 9, Valuation, is deleted in its entirety.
|
|
|
2.
|
The third paragraph in Section 16, Change or Modification, is deleted in its entirety and replaced
with the following:
|
|
|
|
If this Bond is for a joint ASSURED, no change or modification which would adversely affect the
rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been
furnished to all insured
Investment Companies
and the Securities and Exchange Commission,
Washington, D.C., by the COMPANY.
|
The title and any headings in this endorsement/rider
are solely for convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall
remain unchanged.
|
|
|
Authorized Representative
|
17-02-2437 (12/2006) rev.
|
Page 1
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement No: 4
|
|
|
|
Bond Number: 82047441
|
|
|
|
NAME OF ASSURED: MERCER FUNDS
TERMINATION-NONRENEWAL-NOTICE ENDORSEMENT
It is
agreed that this Bond is amended as follows:
1.
|
By adding to Section 13., Termination, the following:
|
|
|
|
“Termination By The Company
|
|
|
|
Bonds In Effect For More Than Sixty (60) Days
|
|
|
|
If this Bond has been in effect for more than sixty (60) days, or, if this Bond is a renewal, the COMPANY
may terminate by providing written notice of cancellation at least sixty (60) days before the effective date
of termination for at least one of the following reasons:
|
|
|
|
1.
|
Nonpayment of premium;
|
|
|
|
|
2.
|
Discovery of fraud or material misrepresentation in obtaining this Bond or in the presentation of a
claim thereunder;
|
|
|
|
|
3.
|
Discovery of willful or reckless acts or omissions or violation of any provision of this Bond on the
part of the ASSURED which substantially and materially increases any hazard insured against,
and which occurred subsequent to the inception of the current BOND PERIOD;
|
|
|
|
|
4.
|
Conviction of the ASSURED of a crime arising out of acts increasing the hazard insured against;
|
|
|
|
|
5.
|
Material change in the risk which increases the risk of loss after insurance coverage has been
issued or renewed, except to the extent that the COMPANY should reasonably have foreseen the
change, or contemplated the risk when the contract was written;
|
|
|
|
|
6.
|
Determination by the Commissioner that the continuation of the Bond would jeopardize a
COMPANY’S solvency or would place the COMPANY in violation of the insurance laws of any
state;
|
|
|
|
|
7.
|
Determination by the Commissioner that continuation of the present premium volume of the
COMPANY would jeopardize the COMPANY’S policyholders, creditors or the public;
|
|
|
|
|
8.
|
Such other reasons that are approved by the Commissioner;
|
|
|
|
|
9.
|
Determination by the Commissioner that the COMPANY no longer has adequate reinsurance to
meet the ASSUREDS needs;
|
|
|
|
|
10.
|
Substantial breaches of contractual duties, conditions or warranties; or
|
|
|
|
|
11.
|
Unfavorable underwriting facts, specific to the ASSURED, existing that were not present at the
inception of the Bond.
|
ICAP Bond
|
|
Form 17-02-1360 (Rev. 10-99)
|
Page 1
|
|
Bonds
In Effect Sixty (60) Days Or Less
If this Bond has been in effect for sixty
(60) days or less, and it is not a renewal Bond, the COMPANY may terminate for any reason by providing written notice of termination
at least sixty (60) days before the effective date of termination.
Notice Of Termination
Notice of termination under this Section
shall be mailed or delivered, by certified mail, return receipt provided by the United States Postal Service, to the ASSURED and
to the authorized agent or broker, if any, at least sixty (60) days prior to the effective date of cancellation at the address
shown on the DECLARATIONS of this Bond.
If this Bond is cancelled for nonpayment
of premium, the COMPANY will mail or deliver, by certified mail, return receipt provided by the United States Postal Service,
a written notice at least thirty (30) days before the effective date of cancellation. The cancellation notice shall contain information
regarding the amount of premium due and the due date, and shall state the effect of nonpayment by the due date. Cancellation shall
not be effective if payment of the amount due is made prior to the effective date of cancellation.
All notice of cancellation shall state
the reason(s) for cancellation.
There is no liability on the part of, and
no cause of action of any nature shall arise against, the COMPANY, its authorized representatives, its employees, or any firm,
person or corporation furnishing to the COMPANY, information relating to the reasons for cancellation or nonrenewal, for any statement
made by them in complying or enabling the COMPANY to comply with this Section, for the provision of information pertaining thereto,
or for statements made or evidence submitted at any hearings conducted in connection therewith, if such information was provided
in good faith and without malice.
Notice Of Nonrenewal
If the COMPANY elects not to renew this
Bond, the COMPANY shall mail or deliver written notice, by certified mail, return receipt, provided by the United States Postal
Service, to the ASSURED, at his last known address, at least sixty (60) days before the expiration date or before the anniversary
date, if this Bond has been written for a term of more than one (1) year. Such notice shall also be mailed to the ASSURED’S
agent or broker, if any.
Such notice shall contain all of the following:
|
|
a.
|
Bond Number:
|
|
|
|
|
b.
|
Date of Notice;
|
|
|
|
|
c.
|
Reason for Cancellation;
|
|
|
|
|
d.
|
Expiration Date of the Bond;
|
|
|
|
|
e.
|
Effective Date and Hour of Cancellation.
|
|
Notice of nonrenewal shall not be required
if the COMPANY or a COMPANY within the same insurance group has offered to issue a renewal Bond, the ASSURED has obtained
replacement coverage or has agreed in writing to obtain replacement coverage, the ASSURED has requested or agreed to nonrenewal,
or the Bond is expressly designated as nonrenewable.
|
ICAP Bond
|
|
Form 17-02-1360 (Rev. 10-99)
|
Page 2
|
|
|
|
|
Return Premium Calculations
Any unearned premiums which have been paid
by the ASSURED shall be refunded to the ASSURED on a pro rata basis if terminated by the COMPANY or the ASSURED. The unearned
premiums shall be refunded to the ASSURED within forty-five (45) days of receipt of the request for cancellation or the effective
date of cancellation, whichever is later.
Conditional Renewal
If the COMPANY offers or purports to renew
the Bond, but on less favorable terms or at higher rates, the new terms or higher premiums may take effect on the renewal date,
if the COMPANY mails or delivers by certified mail, return receipt provided by the United States Postal Service, to the ASSURED,
notice of the new terms or premiums at least sixty (60) days prior to the renewal date. If the COMPANY notifies the ASSURED within
sixty (60) days prior to the renewal date, the new terms or premiums do not take effect until sixty (60) days after the notice
is mailed or delivered, in which case, the ASSURED may elect to cancel the renewal Bond within the sixty (60) day period. If the
COMPANY does not notify the ASSURED of the new terms or premiums, the COMPANY shall continue the Bond at the expiring terms and
premiums until notice is given or until the effective date of replacement coverage is obtained by the ASSURED, whichever occurs
first.”
|
2.
|
It is further understood and agreed that
for the purposes of Section 13., Termination, any occurrence listed in this Section shall be considered to be a request by
the ASSURED to immediately terminate this Bond.
|
This Endorsement applies to loss discovered after 12:01 a.m.
on June 30, 2013.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: July 8, 2013
|
By
|
|
|
|
Authorized Representative
|
ICAP Bond
|
|
Form 17-02-1360 (Rev. 10-99)
|
Page 3
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement
No.:
5
|
|
|
|
Bond Number:
82047441
|
|
|
|
NAME OF ASSURED: MERCER FUNDS
PREAMBLE – REPRESENTATIONS MADE
BY ASSURED ENDORSEMENT
It is agreed that this Bond is amended as follows:
1.
|
By deleting in its entirety the Preamble on Page 1 of the Bond and substituting the following:
|
|
|
|
“The COMPANY, in consideration of payment of the required premium and subject to the
DECLARATIONS made a part of this Bond and to all other terms and conditions of this Bond, agrees to
pay the ASSURED for:”
|
|
2.
|
By deleting in its entirety General Agreement B., Representations Made By Assured, and substituting
the following:
|
|
“B.
|
Representations Made By Assured
|
|
|
|
|
|
No statement made by or on behalf of the ASSURED, whether contained in the APPLICATION or
otherwise, shall be deemed to be a warranty of anything except that the statement is true to the best of the knowledge
and behalf of the person making the statement.
|
|
|
|
|
|
Any intentional misrepresentation, omission, concealment or incorrect statement of a
material fact, in the APPLICATION or otherwise, shall be grounds for recision of this Bond.”
|
This Endorsement applies to loss discovered after 12:01 a.m.
on June 30, 2013.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: July 8, 2013
|
By
|
|
|
|
Authorized Representative
|
ICAP Bond
Form 17-02-2360 (Ed. 10-00)
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement No.: 6
|
|
|
|
Bond Number: 82047441
|
|
|
|
NAME OF ASSURED: MERCER FUNDS
STOP PAYMENT ORDER OR REFUSAL TO PAY CHECK ENDORSEMENT
It is agreed that this Bond is amended as follows:
1.
|
By adding the following INSURING CLAUSE:
|
|
“13.
|
Stop
Payment Order or Refusal to Pay Check
|
|
|
|
|
|
Loss resulting directly from the ASSURED being legally liable to pay compensatory damages
for:
|
|
|
a.
|
complying or failing to comply with notice from any customer of
the ASSURED or any authorized representative of such customer, to stop payment on any check or draft made or drawn upon or
against the ASSURED by such customer or by any authorized representative of such customer, or
|
|
|
|
|
|
|
b.
|
refusing to pay any check or draft made or drawn upon or against the ASSURED
by any customer of the ASSURED or by any authorized representative of such customer.”
|
|
|
|
|
2.
|
By adding the following Specific Exclusion:
|
|
|
|
“Section 4.A. Specific Exclusions – Applicable to INSURING
CLAUSE 13
|
|
|
|
This Bond does not directly or
indirectly cover:
|
|
|
|
a.
|
liability assumed by the ASSURED by agreement under any contract,
unless such liability would have attached to the ASSURED even in the absence of such agreement,
|
|
|
|
|
b.
|
loss arising out of:
|
|
|
|
|
|
(1)
|
libel, slander, wrongful entry, eviction, defamation, false arrest, false imprisonment,
malicious prosecution, assault or battery,
|
|
|
|
|
|
|
(2)
|
sickness, disease, physical bodily harm, mental or emotional distress or anguish,
or death of any person, or
|
|
|
|
|
|
|
(3)
|
discrimination.”
|
This Endorsement applies to loss discovered after 12:01 a.m.
on June 30, 2013.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: July 8, 2013
|
By
|
|
|
|
Authorized Representative
|
ICAP Bond
Form 17-02-2365 (Ed. 10-00)
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement No.: 7
|
|
|
|
Bond Number: 82047441
|
|
|
|
NAME OF ASSURED: MERCER FUNDS
AMENDING DEFINITION OF EMPLOYEE-CONSULTANT ENDORSEMENT
It is agreed that this Bond is amended by adding to the definition
of
Employee
in Section 1., Definitions, the following:
(10)
|
a consultant retained by the ASSURED and an employee of such consultant while either is performing consulting services for the ASSURED pursuant to a written contract.
|
This Endorsement applies to loss discovered after 12:01 a.m.
on June 30, 2013.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: July 8, 2013
|
By
|
|
|
|
Authorized Representative
|
ICAP Bond
Form 17-02-2336 (Ed. 10-00)
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement
No.:
8
|
|
|
|
Bond Number:
82047441
|
|
|
|
NAME OF ASSURED: MERCER FUNDS
EXTENDED COMPUTER SYSTEMS ENDORSEMENT
It is agreed that this Bond is amended as follows:
|
1.
|
By adding the following INSURING CLAUSE:
|
|
14.
|
Extended Computer Systems
|
|
A.
|
Electronic Data, Electronic Media, Electronic Instruction
|
Loss
resulting directly from:
|
(1)
|
the fraudulent modification of
Electronic Data, Electronic
Media
or
Electronic Instruction
being stored within or being run within any system covered under this INSURING CLAUSE,
|
|
(2)
|
robbery, burglary, larceny or theft of
Electronic
Data, Electronic Media
or
Electronic Instructions
,
|
|
(3)
|
the acts of a hacker causing damage or destruction
of
Electronic Data,
Electronic Media
or
Electronic Instruction
owned by the ASSURED or for which the ASSURED
is legally liable, while stored within a
Computer System
covered under this INSURING CLAUSE, or
|
|
(4)
|
the damage or destruction of
Electronic Data,
Electronic Media
or
Electronic
Instruction
owned by the ASSURED or for which the ASSURED is legally liable while
stored within a
Computer System
covered under INSURING CLAUSE 14, provided such damage or destruction was caused by a computer
program or similar instruction which was written or altered to intentionally incorporate a hidden instruction designed to damage
or destroy
Electronic Data, Electronic Media
, or
Electronic Instruction
in the
Computer System
in which the
computer program or instruction so written or so altered is used.
|
ICAP2 Bond
Form 17-02-2976 (Ed. 1-02)
|
Page 1
|
|
B.
|
Electronic Communication
|
Loss
resulting directly from the ASSURED having transferred, paid or delivered any funds or property, established any credit, debited
any account or given any value on the faith of any electronic communications directed to the ASSURED, which were transmitted or
appear to have been transmitted through:
(1)
|
|
an
Electronic Communication System
,
|
(2)
|
|
an automated clearing house or custodian, or
|
(3)
|
|
a Telex, TWX, or similar means of communication,
|
directly
into the ASSURED’S
Computer System
or
Communication Terminal
, and fraudulently purport to have been sent by a customer,
automated clearing house, custodian, or financial institution, but which communications were either not sent by said customer,
automated clearing house, custodian, or financial institution, or were fraudulently modified during physical transit of
Electronic
Media
to the ASSURED or during electronic transmission to the ASSURED’S
Computer System
or
Communication Terminal
.
C.
|
|
Electronic Transmission
|
Loss
resulting directly from a customer of the ASSURED, any automated clearing house, custodian, or financial institution having transferred,
paid or delivered any funds or property, established any credit, debited any account or given any value on the faith of any electronic
communications, purporting to have been directed by the ASSURED to such customer, automated clearing house, custodian, or financial
institution initiating, authorizing, or acknowledging, the transfer, payment, delivery or receipt of funds or property, which
communications were transmitted through:
(1)
|
|
an
Electronic Communication System
,
|
(2)
|
|
an automated clearing house or custodian, or
|
(3)
|
|
a Telex, TWX, or similar means of communication,
|
directly
into a
Computer System
or
Communication Terminal
of said customer, automated clearing house, custodian, or financial
institution, and fraudulently purport to have been directed by the ASSURED, but which communications were either not sent by the
ASSURED, or were fraudulently modified during physical transit of
Electronic
Media
from the ASSURED or during electronic
transmission from the ASSURED’S
Computer System
or
Communication Terminal
, and for which loss the ASSURED is held
to be legally liable.
ICAP2 Bond
Form 17-02-2976 (Ed. 1-02)
|
Page 2
|
|
2.
|
By adding to Section 1., Definitions, the following:
|
|
s.
|
Communication Terminal
means a teletype, teleprinter
or video display terminal, or similar device capable of sending or receiving information electronically.
Communication Terminal
does not mean a telephone.
|
|
t.
|
Electronic Communication System
means electronic
communication operations by Fedwire, Clearing House Interbank Payment System (CHIPS), Society of Worldwide International Financial
Telecommunication (SWIFT), similar automated interbank communication systems, and Internet access facilities.
|
|
u.
|
Electronic Data
means facts or information converted
to a form usable in
Computer Systems
and which is stored on
Electronic Media
for use by computer programs.
|
|
v.
|
Electronic Instruction
means computer programs
converted to a form usable in a
Computer System
to act upon
Electronic Data
.
|
|
w.
|
Electronic Media
means the magnetic tape, magnetic
disk, optical disk, or any other bulk media on which data is recorded.
|
|
3.
|
By adding the following Section after Section 4.,
Specific Exclusions-Applicable to All INSURING CLAUSES except 1., 4., and 5.:
|
Section
4.A. Specific Exclusions-Applicable to INSURING CLAUSE 14
This
Bond does not directly or indirectly cover:
|
a.
|
loss resulting directly or indirectly from
Forged
,
altered or fraudulent negotiable instruments, securities, documents or written instruments used as source documentation in the
preparation of
Electronic Data
;
|
|
b.
|
loss of negotiable instruments, securities, documents
or written instruments except as converted to
Electronic Data
and then only in that converted form;
|
|
c.
|
loss resulting from mechanical failure, faulty construction,
error in design, latent defect, wear or tear, gradual deterioration, electrical disturbance,
Electronic Media
failure or
breakdown or any malfunction or error in programming or error or omission in processing;
|
|
d.
|
loss resulting directly or indirectly from the input of
Electronic Data
at an authorized electronic terminal of an
Electronic Funds Transfer System
or a
Customer
Communication System
by a person who had authorized access from a customer to that customer’s authentication mechanism;
or
|
|
e.
|
liability assumed by the ASSURED by agreement under any
contract, unless such liability would have attached to the ASSURED even in the absence of such agreement; or
|
|
f.
|
loss resulting directly or indirectly from:
|
|
(1)
|
written instruction unless covered under this INSURING
CLAUSE; or
|
|
(2)
|
instruction by voice over the telephone, unless covered
under this INSURING CLAUSE.
|
ICAP2 Bond
Form 17-02-2976 (Ed. 1-02)
|
Page 3
|
|
4.
|
By adding to Section 9., Valuation, the following:
|
Electronic
Data, Electronic Media, Or Electronic Instruction
In
case of loss of, or damage to,
Electronic Data, Electronic Media
or
Electronic Instruction
used by the ASSURED in
its business, the COMPANY shall be liable under this Bond only if such items are actually reproduced form other
Electronic
Data, Electronic Media
or
Electronic Instruction
of the same kind or quality and then for not more than the cost of
the blank media and/or the cost of labor for the actual transcription or copying of data which shall have been furnished by the
ASSURED in order to reproduce such
Electronic Data, Electronic Media
or
Electronic Instruction
subject to the applicable
SINGLE LOSS LIMIT OF LIABILITY.
However,
if such
Electronic Data
can not be reproduced and said
Electronic Data
represents
Securities
or financial
instruments having a value, then the loss will be valued as indicated in the SECURITIES and OTHER PROPERTY paragraphs of this
Section.
This Endorsement applies to loss discovered after 12:01 a.m.
on June 30, 2013.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: July 8, 2013
|
By
|
|
|
|
Authorized Representative
|
ICAP2 Bond
Form 17-02-2976 (Ed. 1-02)
|
Page 4
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement No.: 9
|
|
|
|
Bond Number: 82047441
|
|
|
|
NAME OF ASSURED: MERCER FUNDS
AMEND DISCOVERY ENDORSEMENT
It is agreed that this Bond is amended by deleting Section 6.,
Discovery, in its entirety and substituting the following:
This
Bond applies only to loss first discovered by the Department of Risk Management, General Counsel Department, or Corporate Risk
Manager of MMC of the ASSURED during the BOND PERIOD. Discovery occurs at the earlier of the Department of Risk Management, General
Counsel Department, or Corporate Risk Manager of MMC of the ASSURED being aware of:
|
a.
|
facts which may subsequently result in a loss of a type
covered by this Bond, or
|
|
b.
|
an actual or potential claim in which it is alleged that
the ASSURED is liable to a third party,
|
regardless
of when the act or acts causing or contributing to such loss occurred, even though the amount of loss does not exceed the applicable
DEDUCTIBLE AMOUNT, or the exact amount or details of loss may not then be known.
This Endorsement applies to loss discovered after 12:01 a.m.
on June 30, 2013.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: July 8, 2013
|
By
|
|
|
|
Authorized Representative
|
ICAP Bond
Form 17-02-6260 (Ed. 6-04)
ENDORSEMENT/RIDER
Effective date of
|
|
|
this endorsement/rider: June 30, 2013
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement/Rider No. 10
|
|
|
|
To be attached to and
|
|
form a part of Bond No. 82047441
|
|
|
|
Issued to: MERCER FUNDS
COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS
It
is agreed that this insurance does not apply to the extent that trade or economic sanctions or other similar laws or regulations
prohibit the coverage provided by this insurance.
The
title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall
remain unchanged.
|
|
|
|
|
Authorized Representative
|
14-02-9228 (02/2010)
|
Page 1
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement No. 11
|
|
|
|
Bond Number: 82047441
|
|
|
|
NAME OF ASSURED: MERCER FUNDS
REVISE ITEM 2. ENDORSEMENT
It is agreed that this Bond is amended by deleting ITEM 2. in
its entirety on the DECLARATIONS and substituting the following:
ITEM 2.
LIMITS OF LIABILITY-DEDUCTIBLE AMOUNTS:
If “Not Covered” is inserted below opposite any specified
INSURING CLAUSE, such INSURING CLAUSE and any other reference to such INSURING CLAUSE in this Bond shall be deemed to be deleted.
There shall be no deductible applicable to any loss under INSURING CLAUSE 1 sustained by any Investment Company
.
|
|
|
|
|
SINGLE LOSS
|
|
DEDUCTIBLE
|
|
INSURING CLAUSE
|
|
LIMIT OF LIABILITY
|
|
AMOUNT
|
|
1.
|
|
|
Employee
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
2.
|
|
|
On Premises
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
3.
|
|
|
In Transit
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
4.
|
|
|
Forgery or Alteration
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
5.
|
|
|
Extended Forgery
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
6.
|
|
|
Counterfeit Money
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
7.
|
|
|
Threats to Person
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
8.
|
|
|
Computer System
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
9.
|
|
|
Voice Initiated Funds Transfer Instruction
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
10.
|
|
|
Uncollectible Items of Deposit
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
11.
|
|
|
Audit Expense
|
|
$
|
100,000
|
|
$
|
25,000
|
|
12.
|
|
|
Telefacsimile Instruction
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
13.
|
|
|
Stop Payment Order or Refusal to Pay Check
|
|
$
|
100,000
|
|
$
|
25,000
|
|
14.
|
|
|
Extended Computer Systems
|
|
$
|
2,500,000
|
|
$
|
50,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
This Endorsement applies to loss discovered after 12:01 a.m.
on June 30, 2013.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: July 8, 2013
|
|
By
|
|
|
|
|
Authorized Representative
|
ICAP Bond
|
|
Form 17-02-1582 (Ed. 5-98)
|
Page 1
|
ENDORSEMENT/RIDER
Effective date of
|
|
|
this endorsement/rider: June 30, 2013
|
FEDERAL INSURANCE COMPANY
|
|
|
|
Endorsement/Rider No. 12
|
|
|
|
To be attached to and
|
|
form a part of Bond No. 82047441
|
|
|
|
Issued to: MERCER FUNDS
AMEND TERMINATION SECTION ENDORSEMENT
In consideration of the premium charged, it is agreed that Section
13, Termination, is amended to add the
following to the end thereof:
This bond shall provide coverage for losses involving
any
Employee
for whom the COMPANY or any other insurance company (prior to the inception date of this bond) had issued coverage
under a Financial Institution Fidelity Bond or similar bond with specific knowledge of such
Employee’s
prior act(s) of dishonesty
and agreed to provide coverage notwithstanding such
Employee’s
prior act(s) of dishonesty.
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.
|
|
|
|
|
|
|
Authorized Representative
|
Q08-2201 (11/2008)
|
Page 1
|
ENDORSEMENT/RIDER
Effective
date of
|
|
|
this
endorsement/rider: June 30, 2013
|
FEDERAL
INSURANCE COMPANY
|
|
|
|
Endorsement/Rider
No. 13
|
|
|
|
To
be attached to and
|
|
form
a part of Bond No. 82047441
|
Issued to: MERCER FUNDS
AUTOMATIC INCREASE IN LIMITS ENDORSEMENT
In consideration of the premium charged, it is agreed that GENERAL
AGREEMENTS, Section C. Additional Offices Or Employees-Consolidation, Merger Or Purchase Or Acquisition Of Assets Or Liabilities-Notice
To Company, is amended by adding the following subsection:
Automatic Increase in Limits for Investment Companies
If an increase in bonding limits is required
pursuant to rule 17g-1 of the Investment Company Act of 1940 (“the Act”), due to:
|
(i)
|
the creation of a new
Investment Company
, other than by consolidation or merger with, or purchase or acquisition of
assets or liabilities of, another institution; or
|
|
(ii)
|
an increase in asset size of current
Investment Companies
covered under this Bond,
|
then the minimum required increase in limits shall take place
automatically without payment of additional premium for the remainder of the BOND PERIOD.
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.
|
|
|
|
|
|
|
Authorized Representative
|
14-02-14098 (04/2008)
|
Page 1
|
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 policy’s 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)
Important Notice:
The SEC Requires Proof of Your Fidelity Insurance Policy
Your company is now required to file an electronic copy of your
fidelity insurance coverage (Chubb’s ICAP Bond policy) to the Securities and Exchange Commission (SEC), according to rules
adopted by the SEC on June 12, 2006.
Chubb is in the process of providing your agent/broker with an
electronic copy of your insurance policy as well as instructions on how to submit this proof of fidelity insurance coverage to
the SEC. You can expect to receive this information from your agent/broker shortly.
The electronic copy of your policy is provided by Chubb solely
as a convenience and does not affect the terms and conditions of coverage as set forth in the paper policy you receive by mail.
The terms and conditions of the policy mailed to you, which are the same as those set forth in the electronic copy, constitute
the entire agreement between your company and Chubb.
If you have any questions, please contact your agent or broker.
Form 14-02-12160 (ed. 7/2006)
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)
Exhibit B
ASSISTANT SECRETARY’S CERTIFICATE
I, Colin Dean, being
duly appointed Assistant Secretary of Mercer Funds (“Trust”), hereby certify that the resolutions set forth below were
approved in accordance with the Trust’s Agreement and Declaration of Trust, by the Trust’s board of trustees and that
such resolutions constitute a valid action of the board of trustees of the Trust.
RESOLVED,
that the fidelity
bond, which provides for coverage for the Trust, in the amount of $2.5 million, is reasonable in form and amount, and such fidelity
bond, including the portion of the premium to be paid by each Fund, is hereby approved by the Board, including the Independent
Trustees, taking into consideration all relevant factors, including, but not limited to, the value of the Trust’s assets
to which any person covered by such fidelity bond 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 Funds’ portfolios; and
FURTHER RESOLVED,
that the appropriate
officers of the Trust be, and each of them hereby is, authorized to execute and deliver such documents and to make such regulatory
filings as may be necessary to effect the fidelity bond coverage contemplated hereby in accordance with the Investment Company
Act of 1940, as amended (“1940 Act”), the rules thereunder, and the Trust’s By-Laws, as applicable; and
FURTHER RESOLVED,
that the Secretary
or Assistant Secretary of the Trust be, and such officer hereby is, designated as the officer to make filings with the SEC and
to give notices, as may be required, from time to time, pursuant to Rule 17g-1(g) and Rule 17g-1(h) under the 1940 Act.
Dated: July 30, 2013
|
/s/ Colin Dean
|
|
|
Colin Dean
|
|
|
Assistant Secretary
|
|
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