Exhibit A
INVESTMENT COMPANY BLANKET BOND
St. Paul Fire and Marine Insurance Company
St. Paul, Minnesota 55102-1396
(A Stock Insurance Company, herein called Underwriter)
DECLARATIONS BOND NO. 490PB1849
Item 1. Name of Insured (herein called Insured):
WISDOMTREE TRUST
Principal Address:
380 Madison Avenue
NEW YORK, NY 10017
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Item 2. Bond Period from 12:01 a.m. on 03/14/08 to 12:01 a.m. on 03/14/09 the
effective date of the termination or cancellation of the bond, standard
time at the Principal Address as to each of said dates.
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Item 3. Limit of Liability
Subject to Sections 9, 10, and 12 hereof:
Limit of Deductible
Liability Amount
Insuring Agreement A - FIDELITY $2,500,000 $15,000
Insuring Agreement B - AUDIT EXPENSE $ 50,000 $ 5,000
Insuring Agreement C - PREMISES $2,500,000 $15,000
Insuring Agreement D - TRANSIT $2,500,000 $15,000
Insuring Agreement E - FORGERY OR ALTERATION $2,500,000 $15,000
Insuring Agreement F - SECURITIES $2,500,000 $15,000
Insuring Agreement G - COUNTERFEIT CURRENCY $2,500,000 $15,000
Insuring Agreement H - STOP PAYMENT $ 50,000 $ 5,000
Insuring Agreement I - UNCOLLECTIBLE ITEMS OF DEPOSIT $ 50,000 $ 5,000
OPTIONAL COVERAGES ADDED BY RIDER:
J - COMPUTER SYSTEMS $2,500,000 $15,000
K - VOICE-INITIATED TRANSACTIONS $2,500,000 $15,000
L - TELEFACSIMILE SYSTEMS $2,500,000 $15,000
M - UNAUTHORIZED SIGNATURES $ 50,000 $ 5,000
If "Not Covered" is inserted above opposite any specified Insuring Agreement or
Coverage, such Insuring Agreement or Coverage and any other reference thereto in
this bond shall be deemed to be deleted therefrom.
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Item 4. Offices or Premises Covered - Offices acquired or established
subsequent to the effective date of this bond are covered according to
the terms of General Agreement A. All the Insured's offices or premises
in existence at the time this bond becomes effective are covered under
this bond except the offices or premises located as follows: N/A The
hard copy of the bond issued by the Underwriter will be referenced in
the event of a loss
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ICB001 Rev. 7/04
2004 The Travelers Companies, Inc. Page 2 of 2
Item 5. The liability of the Underwriter is subject to the terms of the
following endorsements or riders attached hereto:
Endorsements or Riders No. 1 through
ICB010 Ed.07-04 MEL3274 Ed.07-05 ICB011 Ed.07-04 ICB012 Ed.07-04 ICB013 Ed.07-04
ICB014 Ed.07-04 ICB015 Ed.07-04 ICB016 Ed.07-04 ICB017 Ed.07-04 ICB026 Ed.07-04
Item 6. The Insured by the acceptance of this bond gives notice to the
Underwriter terminating or canceling prior bonds or policy(ies) No.(s)
490PB1507 such termination or cancellation to be effective as of the
time this bond becomes effective.
IN WITNESS WHEREOF, the Company has caused this bond to be signed by its
President and Secretary and countersigned by a duly authorized representative of
the Company.
Countersigned: ST. PAUL FIRE AND MARINE INSURANCE COMPANY
/s/ Bruce Backberg, Secretary
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Authorized Representative Countersigned At
/s/ Brian MacLean, President
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Countersignature Date
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
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INVESTMENT COMPANY BLANKET BOND
The Underwriter, in consideration of an agreed premium, and subject to the
Declarations made a part hereof, the General Agreements, Conditions and
Limitations and other terms of this bond, agrees with the Insured, in accordance
with the Insuring Agreements hereof to which an amount of insurance is
applicable as set forth in Item 3 of the Declarations and with respect to loss
sustained by the Insured at any time but discovered during the Bond Period, to
indemnify and hold harmless the Insured for:
INSURING AGREEMENTS
(A) FIDELITY
Loss resulting from any dishonest or fraudulent act(s), including Larceny
or Embezzlement, committed by an Employee, committed anywhere and whether
committed alone or in collusion with others, including loss of Property
resulting from such acts of an Employee, which Property is held by the
Insured for any purpose or in any capacity and whether so held
gratuitously or not and whether or not the Insured is liable therefor.
Dishonest or fraudulent act(s) as used in this Insuring Agreement shall
mean only dishonest or fraudulent act(s) committed by such Employee with
the manifest intent:
(a) to cause the Insured to sustain such loss; and
(b) to obtain financial benefit for the Employee, or for any other
Person or organization intended by the Employee to receive such
benefit, other than salaries, commissions, fees, bonuses,
promotions, awards, profit sharing, pensions or other employee
benefits earned in the normal course of employment.
(B) AUDIT EXPENSE
Expense incurred by the Insured for that part of the costs of audits or
examinations required by any governmental regulatory authority to be
conducted either by such authority or by an independent accountant by
reason of the discovery of loss sustained by the Insured through any
dishonest or fraudulent act(s), including Larceny or Embezzlement, of any
of the Employees. The total liability of the Underwriter for such expense
by reason of such acts of any Employee or in which such Employee is
concerned or implicated or with respect to any one audit or examination is
limited to the amount stated opposite Audit Expense in Item 3 of the
Declarations; it being understood, however, that such expense shall be
deemed to be a loss sustained by the Insured through any dishonest or
fraudulent act(s), including Larceny or Embezzlement, of one or more of
the Employees, and the liability under this paragraph shall be in addition
to the Limit of Liability stated in Insuring Agreement (A) in Item 3 of
the Declarations.
(C) ON PREMISES
Loss of Property (occurring with or without negligence or violence)
through robbery, burglary, Larceny, theft, holdup, or other fraudulent
means, misplacement, mysterious unexplainable disappearance, damage
thereto or destruction thereof, abstraction or removal from the
possession, custody or control of the Insured, and loss of subscription,
conversion, redemption or deposit privileges through the misplacement or
loss of Property, while the Property is (or is supposed or believed by the
Insured to be) lodged or deposited within any offices or premises located
anywhere, except in an office listed in Item 4 of the Declarations or
amendment thereof or in the mail or with a carrier for hire, other than an
armored motor vehicle company, for the purpose of transportation.
Office and Equipment
(1) loss of or damage to furnishings, fixtures, stationery, supplies or
equipment, within any of the Insured's offices covered under this
bond caused by Larceny or theft in, or by burglary, robbery or
hold-up of, such office, or attempt thereat, or by vandalism or
malicious mischief; or
(2) loss through damage to any such office by Larceny or theft in, or by
burglary, robbery or hold-up of, such office, or attempt thereat, or
to the interior of any such office by vandalism or malicious
mischief provided, in any event, that the Insured is the owner of
such offices, furnishings, fixtures, stationery, supplies or
equipment or is legally liable for such loss or damage always
excepting, however, all loss or damage through fire.
(D) IN TRANSIT
The hard copy of the bond issued by the Underwriter will be referenced in
the event of a loss
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Loss of Property (occurring with or without negligence or violence)
through robbery, Larceny, theft, hold-up, misplacement, mysterious
unexplainable disappearance, being lost or otherwise made away with,
damage thereto or destruction thereof, and loss of subscription,
conversion, redemption or deposit privileges through the misplacement or
loss of Property, while the Property is in transit anywhere in the custody
of any person or persons acting as messenger, except while in the mail or
with a carrier for hire, other than an armored motor vehicle company, for
the purpose of transportation, such transit to begin immediately upon
receipt of such Property by the transporting person or persons, and to end
immediately upon delivery thereof at destination.
(E) FORGERY 0R ALTERATION
Loss through Forgery or alteration of or on:
(1) any bills of exchange, checks, drafts, acceptances, certificates of
deposit, promissory notes, or other written promises, orders or
directions to pay sums certain in money, due bills, money orders,
warrants, orders upon public treasuries, letters of credit; or
(2) other written instructions, advices or applications directed to the
Insured, authorizing or acknowledging the transfer, payment,
delivery or receipt of funds or Property, which instructions,
advices or applications purport to have been signed or endorsed by
any:
(a) customer of the Insured, or
(b) shareholder or subscriber to shares, whether certificated or
uncertificated, of any Investment Company, or
(c) financial or banking institution or stockbroker, but which
instructions, advices or applications either bear the forged
signature or endorsement or have been altered without the
knowledge and consent of such customer, shareholder or
subscriber to shares, or financial or banking institution or
stockbroker; or
(3) withdrawal orders or receipts for the withdrawal of funds or
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, excluding, however, any
loss covered under Insuring Agreement (F) hereof whether or not
coverage for Insuring Agreement (F) is provided for in the
Declarations of this bond. Any check or draft (a) made payable to a
fictitious payee and endorsed in the name of such fictitious payee
or (b) procured in a transaction with the maker or drawer thereof or
with one acting as an agent of such maker or drawer or anyone
impersonating another and made or drawn payable to the one so
impersonated and endorsed by anyone other than the one impersonated,
shall be deemed to be forged as to such endorsement. Mechanically
reproduced facsimile signatures are treated the same as handwritten
signatures.
(F) SECURITIES
Loss sustained by the Insured, including loss sustained by reason of a
violation of the constitution by-laws, rules or regulations of any Self
Regulatory Organization of which the Insured is a member or which would
have been imposed upon the Insured by the constitution, by-laws, rules or
regulations of any Self Regulatory Organization if the Insured had been a
member thereof,
(1) through the Insured's having, in good faith and in the course of
business, whether for its own account or for the account of others,
in any representative, fiduciary, agency or any other capacity,
either gratuitously or otherwise, purchased or otherwise acquired,
accepted or received, or sold or delivered, or given any value,
extended any credit or assumed any liability, on the faith of, or
otherwise acted upon, any securities, documents or other written
instruments which prove to have been:
(a) counterfeited, or
(b) forged as to the signature of any maker, drawer, issuer,
endorser, assignor, lessee, transfer agent or registrar,
acceptor, surety or guarantor or as to the signature of any
person signing in any other capacity, or
(c) raised or otherwise altered, or lost, or stolen, or
(2) through the Insured's having, in good faith and in the course of
business, guaranteed in writing or witnessed any signatures whether
for valuable consideration or not and whether or not such
guaranteeing or witnessing is ultra vires the Insured, upon any
transfers, The hard copy of the bond issued by the Underwriter will
be referenced in the event of a loss
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assignments, bills of sale, powers of attorney, guarantees, endorsements or
other obligations upon or in connection with any securities, documents or other
written instruments and which pass or purport to pass title to such securities,
documents or other written instruments; excluding losses caused by Forgery or
alteration of, on or in those instruments covered under Insuring Agreement (E)
hereof. Securities, documents or other written instruments shall be deemed to
mean original (including original counterparts) negotiable or non-negotiable
agreements which in and of themselves represent an equitable interest,
ownership, or debt, including an assignment thereof, which instruments are, in
the ordinary course of business, transferable by delivery of such agreements
with any necessary endorsement or assignment. The word "counterfeited" as used
in this Insuring Agreement shall be deemed to mean any security, document or
other written instrument which is intended to deceive and to be taken for an
original. Mechanically reproduced facsimile signatures are treated the same as
handwritten signatures.
(G) COUNTERFEIT CURRENCY
Loss through the receipt by the Insured, in good faith, of any
counterfeited money orders or altered paper currencies or coin of the
United States of America or Canada issued or purporting to have been
issued by the United States of America or Canada or issued pursuant to a
United States of America or Canada statute for use as currency.
(H) STOP PAYMENT Loss against any and all sums which the Insured shall become
obligated to pay by reason of the liability imposed upon the Insured by
law for damages: For having either complied with or failed to comply with
any written notice of any customer, shareholder or subscriber of the
Insured or any Authorized Representative of such customer, shareholder or
subscriber to stop payment of any check or draft made or drawn by such
customer, shareholder or subscriber or any Authorized Representative of
such customer, shareholder or subscriber, or For having refused to pay any
check or draft made or drawn by any customer, shareholder or subscriber of
the Insured or any Authorized Representative of such customer, shareholder
or subscriber.
(I) UNCOLLECTIBLE ITEMS OF DEPOSIT
Loss resulting from payments of dividends or fund shares, or withdrawals
permitted from any customer's, shareholder's, or subscriber's account
based upon Uncollectible Items of Deposit of a customer, shareholder or
subscriber credited by the Insured or the Insured's agent to such
customer's, shareholder's or subscriber's Mutual Fund Account; or loss
resulting from an Item of Deposit processed through an Automated Clearing
House which is reversed by the customer, shareholder or subscriber and
deemed uncollectible by the Insured. Loss includes dividends and interest
accrued not to exceed 15% of the Uncollectible Items which are deposited.
This Insuring Agreement applies to all Mutual Funds with "exchange
privileges" if all Fund(s) in the exchange program are insured by the
Underwriter for Uncollectible Items of Deposit. Regardless of the number
of transactions between Fund(s), the minimum number of days of deposit
within the Fund(s) before withdrawal as declared in the Fund(s) prospectus
shall begin from the date a deposit was first credited to any Insured
Fund(s).
GENERAL AGREEMENTS
A. ADDITIONAL OFFICES OR EMPLOYEES CONSOLIDATION OR MERGER - NOTICE
(1) If the Insured shall, while this bond is in force, establish any
additional office or offices, such offices shall be automatically covered
hereunder from the dates of their establishment, respectively. No notice
to the Underwriter of an increase during any premium period in the number
of offices or in the number of Employees at any of the offices covered
hereunder need be given and no additional premium need be paid for the
remainder of such premium period.
(2) If an Investment Company, named as Insured herein, shall, while this
bond is in force, merge or consolidate with, or purchase the assets of
another institution, coverage for such acquisition shall apply
automatically The hard copy of the bond issued by the Underwriter will be
referenced in the event of a loss
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from the date of acquisition. The Insured shall notify the Underwriter of such
acquisition within 60 days of said date, and an additional premium shall be
computed only if such acquisition involves additional offices or employees.
B. WARRANTY
No statement made by or on behalf of the Insured, whether contained in the
application or otherwise, shall be deemed to be a warranty of anything except
that it is true to the best of the knowledge and belief of the person making the
statement.
C. COURT COSTS AND ATTORNEYS' FEES
(Applicable to all Insuring Agreements or Coverages now or hereafter
forming part of this bond) The Underwriter will indemnify the Insured
against court costs and reasonable attorneys' fees incurred and paid by
the Insured in defense, whether or not successful, whether or not fully
litigated on the merits and whether or not settled, of any suit or legal
proceeding brought against the Insured to enforce the Insured's liability
or alleged liability on account of any loss, claim or damage which, if
established against the Insured, would constitute a loss sustained by the
Insured 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:
(1) an Employee admits to being guilty of any dishonest or fraudulent
act(s), including Larceny or Embezzlement; or
(2) an Employee is adjudicated to be guilty of any dishonest or
fraudulent act(s), including Larceny or Embezzlement;
(3) in the absence of (1) or (2) above an arbitration panel agrees,
after a review of an agreed statement of facts, that an Employee
would be found guilty of dishonesty if such Employee were
prosecuted. The Insured shall promptly give notice to the
Underwriter of any such suit or legal proceedings and at the request
of the Underwriter shall furnish it 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 suit or
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 suit or legal
proceeding. If the amount of the Insured's liability or alleged
liability is greater than the amount recoverable under this bond, or
if a Deductible Amount is applicable, or both, the liability of the
Underwriter under this General Agreement is limited to the
proportion of court costs and attorneys' fees incurred and paid by
the Insured or by the Underwriter that the amount recoverable under
this bond bears to the total of such amount plus the amount which is
not so recoverable. Such indemnity shall be in addition to the Limit
of Liability for the applicable Insuring Agreement or Coverage.
D. FORMER EMPLOYEE
Acts of an Employee, as defined in this bond, are covered under Insuring
Agreement (A) only while the Employee is in the Insured's employ. Should
loss involving a former Employee of the Insured be discovered subsequent
to the termination of employment, coverage would still apply under
Insuring Agreement (A) if the direct proximate cause of the loss occurred
while the former Employee performed duties within the scope of his/her
employment.
THE FOREGOING INSURING AGREEMENTS AND GENERAL
AGREEMENTS ARE SUBJECT TO THE FOLLOWING
CONDITIONS AND LIMITATIONS:
SECTION 1. DEFINITIONS
The following terms, as used in this bond have the respective meanings stated in
this Section:
(a) "Employee" means:
(1) any of the Insured's officers, partners, or and employees, and
(2) any of the officers or employees 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, or The
hard copy of the bond issued by the Underwriter will be referenced in the event
of a loss
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(3) attorneys retained by the Insured to perform legal services for the
Insured and the employees of such attorneys while such attorneys or
employees of such attorneys are performing such services for the
Insured, and
(4) guest students pursuing their studies or duties in any of the
Insured's offices, and
(5) directors or trustees of the Insured, the investment advisor,
underwriter (distributor), transfer agent, or shareholder accounting
record keeper, or administrator authorized by written agreement to
keep financial and/or other required records, but only while
performing acts coming within the scope of the usual duties of an
officer or employee or while 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, and
(6) any individual or individuals assigned to perform the usual duties
of an employee within the premises of the Insured, by contract, or
by any agency furnishing temporary personnel on a contingent or
part-time basis, and
(7) each natural person, partnership or corporation 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 any such processor who acts as transfer agent or in
any other agency capacity in issuing checks, drafts or securities
for the Insured, unless included under sub-section (9) hereof, and
(8) those persons so designated in Section 15, Central Handling of
Securities, and
(9) any officer, partner, or Employee of:
(a) an investment advisor,
(b) an underwriter (distributor),
(c) a transfer agent or shareholder accounting record-keeper, or
(d) an administrator authorized by written agreement to keep
financial and/or other required records,
for an Investment Company named as Insured while performing acts coming
within the scope of the usual duties of an officer or Employee of any
investment Company named as Insured herein, or while 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 any such Investment Company,
provided that only Employees or partners of a transfer agent, shareholder
accounting record-keeper or administrator which is an affiliated person,
as defined in the Investment Company Act of 1940, of an Investment Company
named as Insured or is an affiliated person of the advisor, underwriter or
administrator of such Investment Company, and which is not a bank, shall
be included within the definition of Employee.
Each employer of temporary personnel or processors as set forth in
sub-sections (6) and (7) of Section 1(a) and their partners, officers and
employees shall collectively be deemed to be one person for all the
purposes of this bond, excepting, however, the last paragraph of Section
13. Brokers, or other agents under contract or representatives of the same
general character shall not be considered Employees.
(b) "Property" means money (i.e. currency, coin, bank notes, Federal Reserve
notes), postage and revenue stamps, U.S. Savings Stamps, bullion, precious
metals of all kinds and in any form and articles made therefrom, jewelry,
watches, necklaces, bracelets, gems, precious and semi-precious stones,
bonds, securities, evidences of debts, debentures, scrip, certificates,
interim receipts, warrants, rights, puts, calls, straddles, spreads,
transfers, coupons, drafts, bills of exchange, acceptances, notes, checks,
withdrawal orders, money orders, warehouse receipts, bills of lading,
conditional sales contracts, abstracts of title, insurance policies,
deeds, mortgages under real estate and/or chattels and upon interests
therein, and assignments of such policies, mortgages and instruments, 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 including Electronic
Representations of such instruments enumerated above (but excluding all
data processing records) in which the Insured has an interest or in which
the Insured acquired or should have acquired 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 which are held by the Insured for any purpose or in any
capacity and whether so held gratuitously or not and whether or not the
Insured is liable therefor.
(c) "Forgery" means the signing of the name of another with intent to deceive;
it does not The hard copy of the bond issued by the Underwriter will be
referenced in the event of a loss
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include the signing of one's own name with or without authority, in any
capacity, for any purpose.
(d) "Larceny and Embezzlement" as it applies to any named Insured means those
acts as set forth in Section 37 of the Investment Company Act of 1940.
(e) "Items of Deposit" means any one or more checks and drafts. Items of
Deposit shall not be deemed uncollectible until the Insured's collection
procedures have failed.
SECTION 2. EXCLUSIONS THIS BOND, DOES NOT COVER:
(a) loss effected directly or indirectly by means of forgery or
alteration of, on or in any instrument, except when covered by
Insuring Agreement (A), (E), (F) or (G).
(b) loss due to riot or civil commotion outside the United States of
America and Canada; or loss due to military, naval or usurped power,
war or insurrection unless such loss occurs in transit in the
circumstances recited in Insuring Agreement (D), and unless, when
such transit was initiated, there was no knowledge of such riot,
civil commotion, military, naval or usurped power, war or
insurrection on the part of any person acting for the Insured in
initiating such transit.
(c) loss, in time of peace or war, directly or indirectly caused by or
resulting from the effects of nuclear fission or fusion or
radioactivity; provided, however, that this paragraph shall not
apply to loss resulting from industrial uses of nuclear energy.
(d) loss resulting from any wrongful act or acts of any person who is a
member of the Board of Directors of the Insured or a member of any
equivalent body by whatsoever name known unless such person is also
an Employee or an elected official, partial owner or partner of the
Insured in some other capacity, nor, in any event, loss resulting
from the act or acts of any person while acting in the capacity of a
member of such Board or equivalent body.
(e) loss resulting from the complete or partial non-payment of, or
default upon, any loan or transaction in the nature of, or amounting
to, a loan made by or obtained from the Insured or any of its
partners, directors or Employees, whether authorized or unauthorized
and whether procured in good faith or through trick, artifice fraud
or false pretenses, unless such loss is covered under Insuring
Agreement (A), (E) or (F).
(f) loss resulting from any violation by the Insured or by any Employee:
(1) of law regulating (a) the issuance, purchase or sale of
securities, (b) securities transactions upon Security
Exchanges or over the counter market, (c) Investment
Companies, or (d) Investment Advisors, or
(2) of any rule or regulation made pursuant to any such law.
unless such loss, in the absence of such laws, rules or
regulations, would be covered under Insuring Agreements (A) or
(E).
(g) loss of Property or loss of privileges through the misplacement or
loss of Property as set forth in Insuring Agreement (C) or (D) while
the Property is in the custody of any armored motor vehicle company,
unless such loss shall be in excess of the amount recovered or
received by the Insured under (a) the Insured's contract with said
armored motor vehicle company, (b) insurance carried by said armored
motor vehicle company for the benefit of users of its service, and
(c) all other insurance and indemnity in force in whatsoever form
carried by or for the benefit of users of said armored motor vehicle
company's service, and then this bond shall cover only such excess.
(h) potential income, including but not limited to interest and
dividends, not realized by the Insured because of a loss covered
under this bond, except as included under Insuring Agreement (I).
(i) all damages of any type for which the Insured is legally liable,
except direct compensatory damages arising from a loss covered under
this bond.
(j) loss through the surrender of Property away from an office of the
Insured as a result of a threat:
(1) to do bodily harm to any person, except loss of Property in
transit in the custody of any person acting as messenger
provided that when such transit was initiated there was no
knowledge by the Insured of any such threat, or
(2) to do damage to the premises or Property of the Insured,
except when covered under Insuring Agreement (A). The hard
copy of the bond issued by the Underwriter will be referenced
in the event of a loss
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(k) all costs, fees and other expenses incurred by the Insured in
establishing the existence of or amount of loss covered under this
bond unless such indemnity is provided for under Insuring Agreement
(B).
(l) loss resulting from payments made or withdrawals from the
account of a customer of the Insured, shareholder or
subscriber to shares involving funds erroneously credited to
such account, unless such payments are made to or withdrawn by
such depositors or representative of such person, who is
within the premises of the drawee bank of the Insured or
within the office of the Insured at the time of such payment
or withdrawal or unless such payment is covered under Insuring
Agreement (A). (m) any loss resulting from Uncollectible Items
of Deposit which are drawn from a financial institution
outside the fifty states of the United States of America,
District of Columbia, and territories and possessions of the
United States of America, and Canada.
SECTION 3. ASSIGNMENT OF RIGHTS
This bond does not afford coverage in favor of any Employers of temporary
personnel or of processors as set forth in sub-sections (6) and (7) of
Section 1(a) of this bond, as aforesaid, and upon payment to the Insured
by the Underwriter on account of any loss through dishonest or fraudulent
act(s) including Larceny or Embezzlement committed by any of the partners,
officers or employees of such Employers, whether acting alone or in
collusion with others, an assignment of such of the Insured's rights and
causes of action as it may have against such Employers by reason of such
acts so committed shall, to the extent of such payment, be given by the
Insured to the Underwriter, and the Insured shall execute all papers
necessary to secure to the Underwriter the rights herein provided for.
SECTION 4. LOSS -NOTICE -PROOF LEGAL PROCEEDINGS
This bond is for the use and benefit only of the Insured named in the
Declarations and the Underwriter shall not be liable hereunder for loss
sustained by anyone other than the Insured unless the Insured, in its sole
discretion and at its option, shall include such loss in the Insured's proof of
loss. At the earliest practicable moment after discovery of any loss hereunder
the Insured shall give the Underwriter written notice thereof and shall also
within six months after such discovery furnish to the Underwriter affirmative
proof of loss with full particulars. If claim is made under this bond for loss
of securities or shares, the Underwriter shall not be liable unless each of such
securities or shares is identified in such proof of loss by a certificate or
bond number or, where such securities or shares are uncertificated, by such
identification means as agreed to by the Underwriter. The Underwriter shall have
thirty days after notice and proof of loss within which to investigate the
claim, but where the loss is clear and undisputed, settlement shall be made
within forty-eight hours; and this shall apply notwithstanding the loss is made
up wholly or in part of securities of which duplicates may be obtained. Legal
proceedings for recovery of any loss hereunder shall not be brought prior to the
expiration of sixty days after such proof of loss is filed with the Underwriter
nor after the expiration of twenty-four months from the discovery of such loss,
except that any action or proceedings to recover hereunder on account of any
judgment against the Insured in any suit mentioned in General Agreement C or to
recover attorneys' fees paid in any such suit, shall be begun within twenty-four
months from the date upon which the judgment in such suit shall become final. If
any limitation embodied in this bond is prohibited by any law controlling the
construction hereof, such limitation shall be deemed to be amended so as to be
equal to the minimum period of limitation permitted by such law.
Discovery occurs when the Insured:
(a) becomes aware of facts, or
(b) receives written notice of an actual or potential claim by a third
party which alleges that the Insured is liable under circumstances,
which would cause a reasonable person to assume that a loss covered
by the bond has been or will be incurred even though the exact
amount or details of loss may not be then known.
SECTION 5. VALUATION OF PROPERTY
The value of any Property, except books of accounts or other records used by the
Insured in the conduct of its business, for the loss of which a claim shall be
made hereunder, shall be determined by the average market value of such Property
on the business day next preceding the discovery of such loss; provided,
however, that the value of any Property replaced by the Insured prior to the
payment of claim therefor shall be the actual market value at the time of
replacement; and further provided that in case of a loss or misplacement 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 thereof shall be the market value of such
privileges The hard copy of the bond issued by the Underwriter will be
referenced in the event of a loss
ICB005 Ed. 7-04
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2004 The St. Paul Travelers Companies, Inc. All Right Reserved
immediately preceding the expiration thereof if said loss or misplacement 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 or by arbitration. In case of any loss or damage to Property
consisting of books of accounts or other records used by the Insured in the
conduct of its business, the Underwriter shall be liable under this bond only if
such books or records are actually reproduced and then for not more than the
cost of blank books, blank pages or other materials plus the cost of labor for
the actual transcription or copying of data which shall have been furnished by
the Insured in order to reproduce such books and other records.
SECTION 6. VALUATION OF PREMISES AND FURNISHINGS
In case of damage to any office of the Insured, or loss of or damage to the
furnishings, fixtures, stationery, supplies, equipment, safes or vaults therein,
the Underwriter shall not be liable for more than the actual cash value thereof,
or for more than the actual cost of their replacement or repair. The Underwriter
may, at its election, pay such actual cash value or make such replacement or
repair. If the underwriter and the Insured cannot agree upon such cash value or
such cost of replacement or repair, such shall be determined by arbitration.
SECTION 7. LOST SECURITIES
If the Insured shall sustain a loss of securities the total value of which is in
excess of the limit stated in Item 3 of the Declarations of this bond, the
liability of the Underwriter shall be limited to payment for, or duplication of,
securities having value equal to the limit stated in Item 3 of the Declarations
of this bond. If the Underwriter shall make payment to the Insured for any loss
of securities, the Insured shall thereupon assign to the Underwriter all of the
Insured's rights, title and interest in and to said securities. With respect to
securities the value of which do not exceed the Deductible Amount (at the time
of the discovery of the loss) and for which the Underwriter may at its sole
discretion and option and at the request of the Insured issue a Lost Instrument
Bond or Bonds to effect replacement thereof, the Insured will pay the usual
premium charged therefor and will indemnify the Underwriter against all loss or
expense that the Underwriter may sustain because of the issuance of such Lost
Instrument Bond or Bonds. With respect to securities the value of which exceeds
the Deductible Amount (at the time of discovery of the loss) and for which the
Underwriter may issue or arrange for the issuance of a Lost Instrument Bond or
Bonds to effect replacement thereof, the Insured agrees that it will pay as
premium therefor a proportion of the usual premium charged therefor, said
proportion being equal to the percentage that the Deductible Amount bears to the
value of the securities upon discovery of the loss, and that it will indemnify
the issuer of said Lost Instrument Bond or Bonds against all loss and expense
that is not recoverable from the Underwriter under the terms and conditions of
this Investment Company Blanket Bond subject to the Limit of Liability
hereunder.
SECTION 8. SALVAGE
in case of recovery, whether made by the Insured or by the Underwriter, on
account of any loss in excess of the 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 net amount of such recovery, less the actual
costs and expenses of making same, shall be applied to reimburse the Insured in
full for the excess portion of such loss, and the remainder, if any, shall be
paid first in reimbursement of the Underwriter and thereafter in reimbursement
of the Insured for that part of such loss within the Deductible Amount. The
Insured shall execute all necessary papers to secure to the Underwriter the
rights provided for herein.
SECTION 9. NON-REDUCTION AND NONACCUMULATION OF LIABILITY AND TOTAL LIABILITY
At all times prior to termination hereof, this bond shall continue in force for
the limit stated in the applicable sections of Item 3 of the Declarations of
this bond notwithstanding any previous 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 or premiums
which shall be payable or paid, the liability of the Underwriter under this bond
with respect to all loss resulting from:
(a) any one act of burglary, robbery or holdup, or attempt thereat, in
which no Partner or Employee is concerned or implicated shall be
deemed to be one loss, or
(b) any one unintentional or negligent act on the part of any other
person resulting in damage to or destruction or misplacement of
Property, shall be deemed to be one loss, or The hard copy of the
bond issued by the Underwriter will be referenced in the event of a
loss
ICB005 Ed. 7-04
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(c) all wrongful acts, other than those specified in (a) above, of any
one person shall be deemed to be one loss, or
(d) all wrongful acts, other than those specified in (a) above, of one
or more persons (which dishonest act(s) or act(s) of Larceny or
Embezzlement include, but are not limited to, the failure of an
Employee to report such acts of others) whose dishonest act or acts
intentionally or unintentionally, knowingly or unknowingly, directly
or indirectly, aid or aids in any way, or permits the continuation
of, the dishonest act or acts of any other person or persons shall
be deemed to be one loss with the act or acts of the persons aided,
or
(e) any one casualty or event other than those specified in (a), (b),
(c) or (d) preceding, shall be deemed to be one loss, and shall be
limited to the applicable Limit of Liability stated in Item 3 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. Sub-section (c) is not applicable to
any situation to which the language of sub-section (d) applies.
SECTION 10. LIMIT OF LIABILITY
With respect to any loss set forth in the PROVIDED clause of Section 9 of this
bond which is recoverable or recovered in whole or in part under any other bonds
or policies issued by the Underwriter to the Insured or to any predecessor in
interest of the Insured and terminated or cancelled or allowed to expire and in
which the period of discovery has not expired at the time any such loss
thereunder is discovered, the total liability of the Underwriter under this bond
and under other bonds or policies shall not exceed, in the aggregate, the amount
carried hereunder on such loss or the amount available to the Insured under such
other bonds or policies, as limited by the terms and conditions thereof, for any
such loss if the latter amount be the larger.
SECTION 11. OTHER INSURANCE
If the Insured shall hold, as indemnity against any loss covered hereunder, any
valid and enforceable insurance or suretyship, the Underwriter shall be liable
hereunder only for such amount of such loss which is in excess of the amount of
such other insurance or suretyship, not exceeding, however, the Limit of
Liability of this bond applicable to such loss.
SECTION 12. DEDUCTIBLE
The Underwriter shall not be liable under any of the Insuring Agreements of this
bond on account of loss as specified, respectively, in sub-sections (a), (b),
(c), (d) and (e) of Section 9, NON-REDUCTION AND NON-ACCUMULATION OF LIABILITY
AND TOTAL LIABILITY, unless the amount of such loss, after deducting the net
amount of all reimbursement and/or recovery obtained or made by the Insured,
other than from any bond or policy of insurance issued by an insurance company
and covering such loss, or by the Underwriter on account thereof prior to
payment by the Underwriter of such loss, shall exceed the Deductible Amount set
forth in Item 3 of the Declarations hereof (herein called Deductible Amount),
and then for such excess only, but in no event for more than the applicable
Limit of Liability stated in Item 3 of the Declarations. The Insured will bear,
in addition to the Deductible Amount, premiums on Lost Instrument Bonds as set
forth in Section 7. There shall be no deductible applicable to any loss under
Insuring Agreement A sustained by any Investment Company named as Insured
herein.
SECTION 13. TERMINATION
The Underwriter may terminate this bond as an entirety by furnishing written
notice specifying the termination date, which cannot be prior to 60 days after
the receipt of such written notice by each Investment Company named as Insured
and the Securities and Exchange Commission, Washington, D.C. The Insured may
terminate this bond as an entirety by furnishing written notice to the
Underwriter. When the Insured cancels, the Insured shall furnish written notice
to the Securities and Exchange Commission, Washington, D.C., prior to 60 days
before the effective date of the termination. The Underwriter shall notify all
other Investment Companies named as Insured of the receipt of such termination
notice and the termination cannot be effective prior to 60 days after receipt of
written notice by all other Investment Companies. Premiums are earned until the
termination date as set forth herein.
This Bond will terminate as to any one Insured immediately upon taking over of
such Insured by a receiver or other liquidator or by State or Federal officials,
or immediately upon 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, or immediately upon such Insured ceasing to
exist, whether through merger into another entity, or by disposition of all of
its assets. The hard copy of the bond issued by the Underwriter will be
referenced in the event of a loss
ICB005 Ed. 7-04
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The Underwriter shall refund the unearned premium computed at short rates in
accordance with the standard short rate cancellation tables if terminated by the
Insured or pro rata if terminated for any other reason. This Bond shall
terminate:
(a) as to any Employee as soon as any partner, officer or supervisory
Employee of the Insured, who is not in collusion with such Employee,
shall learn of any dishonest or fraudulent act(s), including Larceny
or Embezzlement on the part of such Employee without prejudice to
the loss of any Property then in transit in the custody of such
Employee (see Section 16(d)), or
(b) as to any Employee 60 days after receipt by each Insured and by the
Securities and Exchange Commission of a written notice from the
Underwriter of its desire to terminate this bond as to such
Employee, or
(c) as to any person, who is a partner, officer or employee of any
Electronic Data Processor covered under this bond, from and after
the time that the Insured or any partner or officer thereof not in
collusion with such person shall have knowledge or information that
such person has committed any dishonest or fraudulent act(s),
including Larceny or Embezzlement in the service of the Insured or
otherwise, whether such act be committed before or after the time
this bond is effective.
SECTION 14. RIGHTS AFTER TERMINATION OR CANCELLATION
At any time prior to the termination or cancellation of this bond as an
entirety, whether by the Insured or the Underwrite, the Insured may give the
Underwriter notice that it desires under this bond an additional period of 12
months within which to discover loss sustained by the Insured prior to the
effective date of such termination or cancellation and shall pay an additional
premium therefor. Upon receipt of such notice from the Insured, the Underwriter
shall give its written consent thereto; provided, however, that such additional
period of time shall terminate immediately:
(a) on the effective date of any other insurance obtained by the
Insured, its successor in business or any other party, replacing in
whole or in part the insurance afforded by this bond, whether or not
such other insurance provides coverage for loss sustained prior to
its effective date, or
(b) upon takeover of the Insured's business by any State or Federal
official or agency, or by any receiver or liquidator, acting or
appointed for this purpose without the necessity of the Underwriter
giving notice of such termination. In the event that such additional
period of time is terminated, as provided above, the Underwriter
shall refund any unearned premium. The right to purchase such
additional period for the discovery of loss may not be exercised by
any State or Federal official or agency, or by a receiver or
liquidator, acting or appointed to take over the Insured's business
for the operation or for the liquidation thereof or for any purpose.
SECTION 15. CENTRAL HANDLING OF SECURITIES
Securities included in the system for the central handling of securities
established and maintained by Depository Trust Company, Midwest Depository Trust
Company, Pacific Securities Depository Trust Company, and Philadelphia
Depository Trust Company, hereinafter called Corporations, to the extent of the
Insured's interest therein as effected by the making of appropriate entries on
the books and records of such Corporations shall be deemed to be Property. The
words "Employee" and 'Employees" shall be deemed to include the officers,
partners, clerks and other employees of the New York Stock Exchange, Boston
Stock Exchange, Midwest Stock Exchange, Pacific Stock Exchange and Philadelphia
Stock Exchange, hereinafter called Exchanges, and of the above named
Corporations, and of any nominee in whose name is registered any security
included within the systems for the central handling of securities established
and maintained by such Corporations, and any employee or any recognized service
company, while such officers, partners, clerks and other employees and employees
of service companies perform services for such Corporations in the operation of
such systems. For the purpose of the above definition a recognized service
company shall be any company providing clerks or other personnel to the said
Exchanges or Corporations on a contract basis. The Underwriter shall not be
liable on account of any loss(es) in connection with the central handling of
securities within the systems established and maintained by such Corporations,
unless such loss(es) shall be in excess of the amount(s) recoverable or
recovered under any bond or policy of insurance indemnifying such Corporations
against such loss(es), and then the Underwriter shall be liable hereunder The
hard copy of the bond issued by the Underwriter will be referenced in the event
of a loss
ICB005 Ed. 7-04
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2004 The St. Paul Travelers Companies, Inc. All Right Reserved
only for the Insured's share of such excess loss(es), but in no event for more
than the Limit of Liability applicable hereunder. For the purpose of determining
the Insured's share of excess loss(es) it shall be deemed that the Insured has
an interest in any certificate representing any security included within such
systems equivalent to the interest the Insured then has in all certificates
representing the same security included within such systems and that such
Corporations shall use their best judgment in apportioning the amount(s)
recoverable or recovered under any bond or policy of insurance indemnifying such
Corporations against such loss(es) in connection with the central handling of
securities within such systems among all those having an interest as recorded by
appropriate entries in the books and records of such Corporations in Property
involved in such loss(es) on the basis that each such interest shall share in
the amount(s) so recoverable or recovered in the ratio that the value of each
such interest bears to the total value all such interests and that the Insured's
share of such excess loss(es) shall be the amount of the Insured's interest in
such Property in excess of the amount(s) so apportioned to the Insured by such
Corporations. This bond does not afford coverage in favor of such Corporations
or Exchanges or any nominee in whose name is registered any security included
within the systems for the central handling of securities established and
maintained by such Corporations, and upon payment to the Insured by the
Underwriter on account of any loss(es) within the systems, an assignment of such
of the Insured's rights and causes of action as it may have against such
Corporations or Exchanges shall to the extent of such payment, be given by the
Insured to the Underwriter, and the Insured shall execute all papers necessary
to secure the Underwriter the rights provided for herein.
SECTION 16. ADDITIONAL COMPANIES INCLUDED AS INSURED
If more than one corporation, co-partnership or person or any combination of
them be included as the Insured herein:
(a) the total liability of the Underwriter hereunder for loss or losses
sustained by any one or more or all of them shall not exceed the
limit for which the Underwriter would be liable hereunder if all
such loss were sustained by any one of them;
(b) the one first named herein shall be deemed authorized to make,
adjust and receive and enforce payment of all claims hereunder and
shall be deemed to be the agent of the others for such purposes and
for the giving or receiving of any notice required or permitted to
be given by the terms hereof, provided that the Underwriter shall
furnish each named Investment Company with a copy of the bond and
with any amendment thereto, together with a copy of each formal
filing of the settlement of each such claim prior to the execution
of such settlement;
(c) the Underwriter shall not be responsible for the proper application
of any payment made hereunder to said first named Insured;
(d) knowledge possessed or discovery made by any partner, officer of
supervisory Employee of any Insured shall for the purposes of
Section 4 and Section 13 of this bond constitute knowledge or
discovery by all the Insured; and
(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.
SECTION 17. NOTICE AND CHANGE OF CONTROL
Upon the Insured obtaining knowledge of a transfer of its outstanding voting
securities which results in a change in control (as set forth in Section 2(a)
(9) of the Investment Company Act of 1940) of the Insured, the Insured shall
within thirty (30) days of such knowledge give written notice to the Underwriter
setting forth:
(a) the names of the transferors and transferees (or the names of the
beneficial owners if the voting securities are requested in another
name), and
(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
(c) the total number of outstanding voting securities. As used in this
section, control means the power to exercise a controlling influence
over the management or policies of the Insured. Failing to give the
required notice shall result in termination of coverage of this
bond, effective upon the date of stock transfer for any loss in
which any transferee is concerned or implicated. Such notice is not
required to be given in the case of an Insured which is an
Investment Company.
SECTION 18. CHANGE OR MODIFICATION
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
ICB005 Ed. 7-04
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2004 The St. Paul Travelers Companies, Inc. All Right Reserved
This bond or any instrument amending or effecting same may not be changed or
modified orally. No changes in or modification thereof shall be effective unless
made by written endorsement issued to form a part hereof over the signature of
the Underwriter's Authorized Representative. When a bond covers only one
Investment Company no change or modification which would adversely affect the
rights of the Investment Company shall be effective prior to 60 days after
written notification has been furnished to the Securities and Exchange
Commission, Washington, D.C., by the Insured or by the Underwriter. If more than
one Investment Company is named as the Insured herein, the Underwriter shall
give written notice to each Investment Company and to the Securities and
Exchange Commission, Washington, D.C., not less than 60 days prior to the
effective date of any change or modification which would adversely affect the
rights of such Investment Company. The hard copy of the bond issued by the
Underwriter will be referenced in the event of a loss
INSURED ICB010 Ed. 7-04
2004 The St. Paul Travelers Companies, Inc. All Rights Reserved Page 1 of 1
ENDORSEMENT OR RIDER NO. 1
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
The following spaces preceded by an (*) need not be completed if this
endorsement or rider and the Bond or Policy have the same inception date.
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ATTACHED TO AND FORMING PART OF DATE ENDORSEMENT OR * EFFECTIVE DATE OF ENDORSEMENT OR RIDER
BOND OR POLICY NO. RIDER EXECUTED 12:01 A.M. STANDARD TIME AS
SPECIFIED IN THE BOND OR POLICY
490PB1849 07/18/08 03/14/08
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* ISSUED TO
WISDOMTREE TRUST
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Named Insured Endorsement
It is agreed that:
1. From and after the time this rider becomes effective the Insured under the
attached bond are: WisdomTree Total Dividend Fund, WisdomTree
High-Yielding Equity Fund, WisdomTree LargeCap Dividend Fund, WisdomTree
Dividend Top 100 Fund, WisdomTree MidCap Dividend Fund, WisdomTree
SmallCap Dividend Fund, WisdomTree DEFA Fund, WisdomTree DEFA
High-Yielding Equity Fund, WisdomTree Europe Total Dividend Fund,
WisdomTree Europe High-Yielding Equity Fund, WisdomTree Europe SmallCap
Dividend Fund WisdomTree Japan Total Dividend Fund, WisdomTree Japan
High-Yielding Equity Fund WisdomTree Japan SmallCap Dividend Fund,
WisdomTree Middle East Dividend Fund WisdomTree Pacific ex-Japan Total
Dividend Fund, WisdomTree Pacific ex-Japan High-Yielding Equity Fund,
WisdomTree International LargeCap Dividend Fund WisdomTree International
Dividend Top 100 Fund, WisdomTree International MidCap Dividend Fund,
WisdomTree International SmallCap Dividend Fund, WisdomTree Emerging
Markets High-Yielding Equity Fund, WisdomTree India Earnings Fund
WisdomTree Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree
MidCap Earnings FundWisdomTree SmallCap Earnings Fund, WisdomTree Earnings
Top 100 Fund WisdomTree Low P/E Fund, WisdomTree International Basic
Materials Sector Fund, WisdomTree International Communications Sector
Fund, WisdomTree Dreyfus Euro Fund
2. The first named Insured shall act for itself and for each and all of the
Insured for all the purposes of the attached bond.
3. Knowledge possessed or discovery made by any Insured or by any partner or
officer thereof shall for all the purposes of the attached bond constitute
knowledge or discovery by all the Insured.
4. If, prior to the termination of the attached bond in its entirety, the
attached bond is terminated as to any Insured, there shall be no liability
for any loss sustained by such Insured unless discovered before the time
such termination as to such Insured becomes effective.
5. The liability of the Underwriter for loss or losses sustained by any or
all of the Insured shall not exceed the amount for which the Underwriter
would be liable had all such loss or losses been sustained by any one of
the Insured. Payment by the Underwriter to the first named Insured of loss
sustained by any Insured shall fully release the Underwriter on account of
such loss.
6. If the first named Insured ceases for any reason to be covered under the
attached bond, then the Insured next named shall thereafter be considered
as the first named Insured for all the purposes of the attached bond.
Nothing herein contained shall be held to vary, alter, waive, or extend
any of the terms, conditions, provisions, agreements or limitations of the
above mentioned Bond or Policy, other than as above stated.
By
------------------------------
Authorized Representative
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
INSURED ICB010 Ed. 7-04
2004 The St. Paul Travelers Companies, Inc. All Rights Reserved Page 1 of 1
ENDORSEMENT OR RIDER NO.
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
The following spaces preceded by an (*) need not be completed if this
endorsement or rider and the Bond or Policy have the same inception date.
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ATTACHED TO AND FORMING DATE ENDORSEMENT OR * EFFECTIVE DATE OF ENDORSEMENT OR RIDER
PART OF BOND OR POLICY NO. RIDER EXECUTED 12:01 A.M. STANDARD TIME AS
SPECIFIED IN THE BOND OR POLICY
490PB1849 07/18/08 03/14/08
----------------------------------------------------------------------------------------------------
* ISSUED TO
WISDOMTREE TRUST
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Named Insured Endorsement
It is agreed that:
1. From and after the time this rider becomes effective the Insured under the
attached bond are:
WisdomTree International Consumer Cyclical Sector Fund WisdomTree International
Consumer Non-Cyclical Sector Fund WisdomTree International Energy Sector Fund
WisdomTree International Financial Sector Fund WisdomTree International Health
Care Sector Fund WisdomTree International Industrial Sector Fund WisdomTree
International Technology Sector Fund WisdomTree International Utilities Sector
Fund WisdomTree International Real Estate Fund WisdomTree U.S. Current Income
Fund WisdomTree Dreyfus Brazilian Real Fund WisdomTree Dreyfus Chinese Yuan Fund
WisdomTree Dreyfus Indian Rupee Fund WisdomTree Dreyfus Japanese Yen Fund
WisdomTree Dreyfus New Zealand Dollar Fund WisdomTree Dreyfus South African Rand
Fund
2. The first named Insured shall act for itself and for each and all of the
Insured for all the purposes of the attached bond.
3. Knowledge possessed or discovery made by any Insured or by any partner or
officer thereof shall for all the purposes of the attached bond constitute
knowledge or discovery by all the Insured.
4. If, prior to the termination of the attached bond in its entirety, the
attached bond is terminated as to any Insured, there shall be no liability
for any loss sustained by such Insured unless discovered before the time
such termination as to such Insured becomes effective.
5. The liability of the Underwriter for loss or losses sustained by any or
all of the Insured shall not exceed the amount for which the Underwriter
would be liable had all such loss or losses been sustained by any one of
the Insured. Payment by the Underwriter to the first named Insured of loss
sustained by any Insured shall fully release the Underwriter on account of
such loss.
6. If the first named Insured ceases for any reason to be covered under the
attached bond, then the Insured next named shall thereafter be considered
as the first named Insured for all the purposes of the attached bond.
Nothing herein contained shall be held to vary, alter, waive, or extend
any of the terms, conditions, provisions, agreements or limitations of the
above mentioned Bond or Policy, other than as above stated.
By
--------------------------------
Authorized Representative
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
ICB011 Ed. 7-04 Page 1 of 2
2004 The St. Paul Travelers Companies, Inc. All Rights Reserved
ENDORSEMENT OR RIDER NO. 2
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
The following spaces preceded by an (*) need not be completed if this
endorsement or rider and the Bond or Policy have the same inception date.
----------------------------------------------------------------------------------------------------
ATTACHED TO AND FORMING DATE ENDORSEMENT OR * EFFECTIVE DATE OF ENDORSEMENT OR RIDER
PART OF BOND OR POLICY NO. RIDER EXECUTED 12:01 A.M. STANDARD TIME AS
SPECIFIED IN THE BOND OR POLICY
490PB1849 07/18/08 03/14/08
----------------------------------------------------------------------------------------------------
* ISSUED TO
WISDOMTREE TRUST
----------------------------------------------------------------------------------------------------
Computer Systems
It is agreed that:
1. The attached bond is amended by adding an additional Insuring Agreement as
follows:
INSURING AGREEMENT J COMPUTER SYSTEMS
Loss resulting directly from a fraudulent
(1) entry of data into, or
(2) change of data elements or program within a Computer System listed
in the SCHEDULE below, provided the fraudulent entry or change
causes
(a) Property to be transferred, paid or delivered,
(b) an account of the Insured, or of its customer, to be added,
deleted, debited or credited, or
(c) an unauthorized account or a fictitious account to be debited
or credited, and provided further, the fraudulent entry or
change is made or caused by an individual acting with the
manifest intent to
(i) cause the Insured to sustain a loss, and
(ii) obtain financial benefit for that individual or for
other persons intended by that individual to receive
financial benefit.
SCHEDULE
All systems utilized by the Insured
2. As used in this Rider, Computer System means
(a) computers with related peripheral components, including
storage components, wherever located,
(b) systems and applications software,
(c) terminal devices, and
(d) related communication networks
by which data are electronically collected, transmitted, processed, stored
and retrieved.
3. In addition to the exclusions in the attached bond, the following
exclusions are applicable to this Insuring Agreement:
(a) loss resulting directly or indirectly from the theft of
confidential information, material or data; and The hard copy
of the bond issued by the Underwriter will be referenced in
the event of a loss
INSURED
ICB011 Ed. 7-04 Page 2 of 2
2004 The St. Paul Travelers Companies, Inc. All Right Reserved
(b) loss resulting directly or indirectly from entries or changes
made by an individual authorized to have access to a Computer
System who acts in good faith on instructions, unless such
instructions are given to that individual by a software
contractor (or by a partner, officer or employee thereof)
authorized by the Insured to design, develop, prepare, supply,
service, write or implement programs for the Insured's
Computer System.
4. The following portions of the attached bond are not applicable to this
Rider:
(a) the portion preceding the Insuring Agreements which reads "at
any time but discovered during the Bond Period";
(b) Section 9 NONREDUCTION AND NON-ACCUMULATION OF LIABILITY of
the Conditions and Limitations; and
(c) Section 10 LIMIT OF LIABILITY of the Conditions and
Limitations.
5. The coverage afforded by this Rider applies only to loss discovered by the
Insured during the period this Rider is in force.
6. All loss or series of losses involving the fraudulent activity of one
individual, or involving fraudulent activity, in which one individual is
implicated, whether or not that individual is specifically identified,
shall be treated as one loss. 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 one loss.
7. The Limit of Liability for the coverage provided by this Rider shall be
TWO MILLION FIVE HUNDRED THOUSAND Dollars ($2,500,000 ), it being
understood, however, that such liability shall be a part of and not in
addition to the Limit of Liability stated in Item 3 of the Declarations of
the attached bond or any amendment thereof.
8. The Underwriter shall be liable hereunder for the amount by which one loss
exceeds the Deductible Amount applicable to the attached bond, but not in
excess of the Limit of Liability stated above.
9. If any loss is covered under this Insuring Agreement and any other
Insuring Agreement or Coverage, the maximum amount payable for such loss
shall not exceed the largest amount available under any one Insuring
Agreement or Coverage.
10. Coverage under this Rider shall terminate upon termination or cancellation
of the bond to which this Rider is attached. Coverage under this Rider may
also be terminated or canceled without canceling the bond as an entirety
(a) 60 days after receipt by the Insured of written notice from the
Underwriter of its desire to terminate or cancel coverage under this
Rider, or
(b) immediately upon receipt by the Underwriter of a written request
from the Insured to terminate or cancel coverage under this Rider.
The Underwriter shall refund to the Insured the unearned premium for
the coverage under this Rider. The refund shall be computed at short
rates if this Rider be terminated or canceled or reduced by notice
from, or at the instance of, the Insured.
Nothing herein contained shall be held to vary, alter, waive, or extend any of
the terms, conditions, provisions, agreements or limitations of the above
mentioned Bond or Policy, other than as above stated.
By
------------------------------
Authorized Representative
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
INSURED
ICB012 Ed. 7-04
2004 The St. Paul Travelers Companies, Inc. All Rights Reserved
ENDORSEMENT OR RIDER NO. 3
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
The following spaces preceded by an (*) need not be completed if this
endorsement or rider and the Bond or Policy have the same inception date.
------------------------------------------------------------------------------------------------------
ATTACHED TO AND FORMING DATE ENDORSEMENT OR * EFFECTIVE DATE OF ENDORSEMENT OR
PART OF BOND OR POLICY NO. RIDER EXECUTED RIDER 12:01 A.M. STANDARD TIME AS
SPECIFIED IN THE BOND OR POLICY
490PB1849 07/18/08 03/14/08
------------------------------------------------------------------------------------------------------
* ISSUED TO
WISDOMTREE TRUST
------------------------------------------------------------------------------------------------------
Unauthorized Signatures
It is agreed that:
1. The attached bond is amended by inserting an additional Insuring Agreement
as follows:
INSURING AGREEMENT M UNAUTHORIZED SIGNATURE
(A) Loss resulting directly from the Insured having accepted, paid or
cashed any check or withdrawal order, draft, made or drawn on a
customer's account which bears the signature or endorsement of one
other than a person whose name and signature is on the application
on file with the Insured as a signatory on such account.
(B) It shall be a condition precedent to the Insured's right of recovery
under this Rider that the Insured shall have on file signatures of
all persons who are authorized signatories on such account.
2. The total liability of the Underwriter under Insuring Agreement M is
limited to the sum of FIFTY THOUSAND Dollars ($50,000), it being
understood, however, that such liability shall be part of and not in
addition to the Limit of Liability stated in Item 3 of the Declarations of
the attached bond or amendment thereof.
3. With respect to coverage afforded under this Rider, the Deductible Amount
shall be FIVE THOUSAND Dollars ($5,000). Nothing herein contained shall
be held to vary, alter, waive, or extend any of the terms, conditions,
provisions, agreements or limitations of the above mentioned Bond or
Policy, other than as above stated.
By
----------------------------
Authorized Representative
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
ICB014 Ed. 7-04 Page 1 of 2
2004 The St. Paul Travelers Companies, Inc. All Rights Reserved
ENDORSEMENT OR RIDER NO. 5
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
The following spaces preceded by an (*) need not be completed if this
endorsement or rider and the Bond or Policy have the same inception date.
------------------------------------------------------------------------------------------------------
ATTACHED TO AND FORMING DATE ENDORSEMENT OR * EFFECTIVE DATE OF ENDORSEMENT OR
PART OF BOND OR POLICY NO. RIDER EXECUTED RIDER 12:01 A.M. STANDARD TIME AS
SPECIFIED IN THE BOND OR POLICY
490PB1849 07/18/08 03/14/08
------------------------------------------------------------------------------------------------------
* ISSUED TO
WISDOMTREE TRUST
------------------------------------------------------------------------------------------------------
Voice Initiated Transactions
It is agreed that:
1. The attached bond is amended by inserting an additional Insuring Agreement
as follows:
INSURING AGREEMENT K -VOICE-INITIATED TRANSACTIONS
Loss caused by a Voice-initiated Transaction, where the request for such
Voice-initiated Transaction is unauthorized or fraudulent and is made with
the manifest intent to deceive; provided, that the entity which receives
such request generally maintains and follows during the Bond Period all
Designated Procedures with respect to Voice-initiated Redemptions and the
Designated Procedures described in paragraph 2f (1) and (3) of this Rider
with respect to all other Voice-initiated Transactions. The isolated
failure of such entity to maintain and follow a particular Designated
Procedure in a particular instance will not preclude coverage under this
Insuring Agreement, subject to the specific exclusions herein and in the
Bond.
2. Definitions. The following terms used in this Insuring Agreement shall
have the following meanings:
a. "Voice-initiated Transaction" means any Voice-initiated Redemption,
Voice-initiated Election, Voice-initiated Exchange, or
Voice-initiated Purchase.
b. "Voice-initiated Redemption" means any redemption of shares issued
by an Investment Company which is requested by voice over the
telephone.
c. "Voice-initiated Election" means any election concerning dividend
options available to Fund shareholders which is requested by voice
over the telephone.
d. "Voice-initiated Exchange" means any 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, which exchange is requested by
voice over the telephone.
e. "Voice-initiated Purchase" means any purchase of shares issued by an
Investment Company which is requested by voice over the telephone.
f. "Designated Procedures" means the following procedures:
(1) Recordings: All Voice-initiated Transaction requests shall be
recorded, and the recordings shall be retained for at least
six (6) months. Information contained on the recordings shall
be capable of being retrieved and produced within a reasonable
time after retrieval of specific information is requested, at
a success rate of no less than 85%.
(2) Identity Test: The identity of the caller in any request for a
Voice-initiated Redemption shall be tested before executing
that Voice-initiated Redemption, either by requesting the
caller to state a unique identification number or to furnish
key specific account information.
(3) Written Confirmation: A written confirmation of each
Voice-initiated Transaction and of each change of the record
address of a Fund shareholder requested by voice over the
telephone shall be mailed to the shareholder(s) to whose
account such Voice-initiated Transaction or change of address
relates, at the original record address (and, in the case of
such change of address, at the changed record address) by the
end of the Insured's next regular processing cycle, but no
later than five (5) business days following such
Voice-initiated Transaction or change of address.
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
INSURED
ICB014 Ed. 7-04 Page 2 of 2
2004 The St. Paul Travelers Companies, Inc. All Right Reserved
g. "Investment Company" or "Fund" means an investment company
registered under the Investment Company Act of 1940.
h. "Officially Designated" means or refers to a written designation
signed by a shareholder of record of a Fund, either in such
shareholder's initial application for the purchase of Fund shares,
with or without a Signature Guarantee, or in another document with a
Signature Guarantee.
i. "Signature Guarantee" means a written guarantee of a signature,
which guarantee is made by a financial or banking institution whose
deposits are insured by the Federal Deposit Insurance Corporation or
by a broker which is a member of any national securities exchange
registered under the Securities Exchange Act of 1934.
3. Exclusions. It is further understood and agreed that this Insuring
Agreement shall not cover:
a. Any loss covered under Insuring Agreement A, "Fidelity, " of this
Bond; and
b. Any loss resulting from:
(1) Any Voice-initiated Redemption, where the proceeds of such
redemption were requested to be paid or made payable to other
than (a) the shareholder of record, or (b) a person Officially
Designated to receive redemption proceeds, or (c) a bank
account Officially Designated to receive redemption proceeds;
or
(2) Any Voice-initiated Redemption of Fund 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
(3) Any Voice-initiated Redemption from any account, where the
proceeds of such redemption were requested to be sent (a) to
any address other than the record address for such account, or
(b) to a record address for such account which was either (i)
designated over the telephone fewer than thirty (30) days
prior to such redemption, or (ii) designated in writing less
than on (1) day prior to such redemption; or
(4) The intentional failure to adhere to one or more Designated
Procedures; or
(5) The failure to pay for shares attempted to be purchased; or
(6) Any Voice-initiated Transaction requested by voice over the
telephone and received by an automated system which receives
and converts such request to executable instructions.
4. The total liability of the Underwriter under Insuring Agreement K is
limited to the sum of TWO MILLION FIVE HUNDRED THOUSAND Dollars
($2,500,000), it being understood, however, that such liability shall be
part of and not in addition to the Limit of Liability stated in Item 3 of
the Declarations of the attached bond or amendment thereof.
5. With respect to coverage afforded under this Rider the applicable
Deductible Amount is FIFTEEN THOUSAND Dollars ($15,000).
Nothing herein contained shall be held to vary, alter, waive, or extend any of
the terms, conditions, provisions, agreements or limitations of the above
mentioned Bond or Policy, other than as above stated.
By
-----------------------------
Authorized Representative
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
INSURED
ICB015 Ed. 7-04
2004 The St. Paul Travelers Companies, Inc. All Rights Reserved
ENDORSEMENT OR RIDER NO. 6
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
The following spaces preceded by an (*) need not be completed if this
endorsement or rider and the Bond or Policy have the same inception date.
------------------------------------------------------------------------------------------------------
ATTACHED TO AND FORMING DATE ENDORSEMENT OR * EFFECTIVE DATE OF ENDORSEMENT OR
PART OF BOND OR POLICY NO. RIDER EXECUTED RIDER 12:01 A.M. STANDARD TIME AS
SPECIFIED IN THE BOND OR POLICY
490PB1849 07/18/08 03/14/08
------------------------------------------------------------------------------------------------------
* ISSUED TO
WISDOMTREE TRUST
------------------------------------------------------------------------------------------------------
Amend Definition of Employee (Exclude EDP Coverage for Computer Software or
Programs) It is agreed that:
1. Sub-section 7 of Section 1(a) in the Definition of Employee, is deleted
and replaced by the following:
(7) "each natural person, partnership or corporation authorized by
written agreement with the Insured to perform services as electronic
data processor of checks or other accounting records of the Insured
(does not include the creating, preparing, modifying or maintaining
the Insured's computer software or programs), but excluding any such
processor who acts as transfer agent or in any other agency capacity
in issuing checks, drafts or securities for the Insured, unless
included under sub-section (9) hereof, and"
Nothing herein contained shall be held to vary, alter, waive, or extend any of
the terms, conditions, provisions, agreements or limitations of the above
mentioned Bond or Policy, other than as above stated.
By
------------------------------
Authorized Representative
INSURED
ICB016 Ed. 7-04
2004 The St. Paul Travelers Companies, Inc. All Rights Reserved
ENDORSEMENT OR RIDER NO. 7
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
The following spaces preceded by an (*) need not be completed if this
endorsement or rider and the Bond or Policy have the same inception date.
------------------------------------------------------------------------------------------------
* EFFECTIVE DATE OF ENDORSEMENT
ATTACHED TO AND FORMING PART DATE ENDORSEMENT OR OR RIDER 12:01 A.M. STANDARD TIME AS
OF BOND OR POLICY NO. RIDER EXECUTED SPECIFIED IN THE BOND OR POLICY
490PB1849 07/18/08 03/14/08
------------------------------------------------------------------------------------------------
* ISSUED TO
WISDOMTREE TRUST
------------------------------------------------------------------------------------------------
Definition of Investment Company It is agreed that:
1. Section 1, Definitions, under General Agreements is amended to include the
following paragraph:
(f) Investment Company means an investment company registered under the
Investment Company Act of 1940 and as listed under the names of
Insureds on the Declarations.
Nothing herein contained shall be held to vary, alter, waive, or extend any of
the terms, conditions, provisions, agreements or limitations of the above
mentioned Bond or Policy, other than as above stated.
By
---------------------------------
Authorized Representative
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
INSURED
ICB017 Ed. 7-04
2004 The St. Paul Travelers Companies, Inc. All Rights Reserved
ENDORSEMENT OR RIDER NO. 8
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
The following spaces preceded by an (*) need not be completed if this
endorsement or rider and the Bond or Policy have the same inception date.
----------------------------------------------------------------------------------------------
* EFFECTIVE DATE OF ENDORSEMENT
ATTACHED TO AND FORMING PART DATE ENDORSEMENT OR OR RIDER 12:01 A.M. STANDARD TIME AS
OF BOND OR POLICY NO. RIDER EXECUTED SPECIFIED IN THE BOND OR POLICY
490PB1849 07/18/08 03/14/08
----------------------------------------------------------------------------------------------
* ISSUED TO
WISDOMTREE TRUST
----------------------------------------------------------------------------------------------
Amend Section 2. - Exclusions - Loss reporting after termination of Bond
It is agreed that:
1. Section 2. Exclusions, of the CONDITIONS AND LIMITATIONS is amended to
include the following subsection:
() loss not reported to the Company in writing within thirty days (30)
days after the termination of this bond as an entirety
Nothing herein contained shall be held to vary, alter, waive, or extend any of
the terms, conditions, provisions, agreements or limitations of the above
mentioned Bond or Policy, other than as above stated.
By
----------------------------------
Authorized Representative
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
INSURED
ICB026 Ed. 7-04
2004 The St. Paul Travelers Companies, Inc. All Rights Reserved
ENDORSEMENT OR RIDER NO.
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
The following spaces preceded by an (*) need not be completed if this
endorsement or rider and the Bond or Policy have the same inception date.
------------------------------------------------------------------------------------------------
* EFFECTIVE DATE OF ENDORSEMENT
ATTACHED TO AND FORMING PART DATE ENDORSEMENT OR OR RIDER 12:01 A.M. STANDARD TIME AS
OF BOND OR POLICY NO. RIDER EXECUTED SPECIFIED IN THE BOND OR POLICY
490PB1849 07/18/08 03/14/08
------------------------------------------------------------------------------------------------
* ISSUED TO
WISDOMTREE TRUST
------------------------------------------------------------------------------------------------
Add Exclusions (n) & (o)
It is agreed that:
1. Section 2, Exclusions, under General Agreements, is amended to include the
following sub-sections:
(n) loss 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.
(o) the underwriter shall not be liable under the attached bond for loss
due to liability imposed upon the Insured as a result of the
unlawful disclosure of non-public material information by the
Insured or any Employee, or as a result of any Employee acting upon
such information, whether authorized or unauthorized.
Nothing herein contained shall be held to vary, alter, waive, or
extend any of the terms, conditions, provisions, agreements or limitations of
the above mentioned Bond or Policy, other than as above stated.
By
-----------------------------
Authorized Representative
The hard copy of the bond issued by the Underwriter will be
referenced in the event of a loss
INSURED
2005 The St. Paul Travelers Companies, Inc. All Rights Reserved
The following spaces preceded by an (*) need not be completed if this
endorsement or rider and the Bond or Policy have the same inception date.
------------------------------------------------------------------------------------------
* EFFECTIVE DATE OF ENDORSEMENT
ATTACHED TO AND FORMING PART DATE ENDORSEMENT OR OR RIDER 12:01 A.M. LOCAL TIME
OF BOND OR POLICY NO. RIDER EXECUTED AS SPECIFIED IN THE BOND OR POLICY
490PB1849 07/18/08 03/14/08
------------------------------------------------------------------------------------------
* ISSUED TO
WISDOMTREE TRUST
------------------------------------------------------------------------------------------
AMEND SECTION 13. - TERMINATION AS TO ANY EMPLOYEE
MEL3274 Ed. 7-05
For use with ICB005 Ed. 7-04
It is agreed that:
1. Sub-sections (a), (b) & (c) of Section 13. TERMINATION under CONDITIONS
AND LIMITATIONS, are deleted in their entirety, and the following is
substituted in lieu thereof:
Upon the detection by any Insured that such Employee has committed any
dishonest or fraudulent act(s) or theft, the Insured shall immediately
remove such Employee from a position that may enable such Employee to
cause the Insured to suffer a loss by any subsequent dishonest or
fraudulent act(s) or theft. The Insured, within forty-eight (48) hours of
such detection, shall notify the Underwriter with full and complete
particulars of the detected dishonest or fraudulent act(s) or theft.
For purposes of this section, detection occurs when any partner, officer,
or supervisory Employee of any Insured, who is not in collusion with such
(detected) Employee, becomes aware that the (detected) Employee has
committed any dishonest or fraudulent act(s) or theft.
This Bond shall terminate as to any Employee by written notice to each
Insured and to the Securities and Exchange Commission from the Underwriter
of not less than sixty (60) days prior to the effective date of
termination specified in such notice.
Nothing herein contained shall be held to vary, alter, waive, or extend any of
the terms, conditions, provisions, agreements or limitations of the above
mentioned Bond or Policy, other than as above stated.
By
------------------------------
Authorized Representative
The hard copy of the bond issued by the Underwriter will be referenced in the
event of a loss
Exhibit B
WisdomTree Trust
Meeting of the Board of Trustees
February 25, 2008
RESOLVED, that the Board of Trustees (the "Trustees") of the WisdomTree Trust
(the "Trust"), including a majority of the Trustees who are "non-interested"
members of the Trust (as defined in section 2(a)(10) of the Investment Company
Act of 1940, as amended (the "1940 Act") (the "Independent Trustees"), hereby
determines that the joint fidelity bond maintained with St. Paul Fire and Marine
Insurance Company, in the amount of $2,500,000, with a premium of $9,500, for
the period March 14, 2008 to March 14, 2009, is reasonable; and it was further
RESOLVED, that the actions of the officers of the Trust in executing the
aforementioned joint fidelity bond on behalf of the Trust be and hereby is,
ratified; and it was further
RESOLVED, that the allocation of the premium for the joint fidelity bond between
each separate investment portfolio of the Trust as presented to this meeting be,
and hereby is, determined to be fair and reasonable to each separate investment
portfolio of the Trust considering the extent to which the share of the premium
for said bond allocated to each separate investment portfolio of the Trust is
less than the premium that an individual separate investment portfolio of the
Trust would have to pay if it provided and maintained a fidelity bond which
covered only it as the insured; and that said allocation be, and hereby is,
approved; and it was further
RESOLVED, that the Trustees have determined that an Agreement as required by
Rule 17g-1(f) under the 1940 Act among jointly insured parties regarding the
allocation of premiums for, and the share of recovery from, the joint fidelity
bond has been duly signed on behalf of the Trust; and it was further
RESOLVED, that the appropriate officers of the Trust be, and each hereby is,
directed and authorized to execute and deliver such documents, make any and all
payments and make such filings as may be necessary to maintain the fidelity bond
coverage contemplated hereby, and to increase such coverage as may be necessary
to meet the requirements of the 1940 Act, the rules thereunder and the Trust's
Bylaws; and it was further
RESOLVED, that the appropriate officers of the Trust be, and each hereby is,
authorized to do any and all other acts, in the name of the Trust and on its
behalf, as they, or any of them, may determine to be necessary or desirable and
proper in connection with or in furtherance of the foregoing resolutions