John Hancock Financial Services  
   
 
U.S. Wealth Management
200 Berkeley Street
Boston, MA 02116
 

 

March 19, 2019

 

Securities and Exchange Commission

 

Washington, DC 20549

 

RE: John Hancock Bond Trust (File No. 811-03006)
  John Hancock Collateral Trust (File No. 811-23027)
  John Hancock California Tax-Free Income Fund (File No. 811-05979)
  John Hancock Capital Series (File No. 811-01677)
  John Hancock Current Interest (File No. 811-02485)
  John Hancock Emerging Markets Income Fund (File No. 811-22586)
  John Hancock Exchange-Traded Fund Trust (File No. 811-22733)
  John Hancock Financial Opportunities Fund (file No. 811-08568)
  John Hancock Floating Rate High Income Fund (File No. 811-22879)
  John Hancock Funds II (File No. 811-21779)
  John Hancock Funds III (File No. 811-21777)
  John Hancock Hedged Equity & Income Fund (File No. 811-22441)
  John Hancock Income Securities Trust (File No. 811-04186)
  John Hancock Investment Trust (File No. 811-00560)
  John Hancock Investment Trust II (File No. 811-03999)
  John Hancock Investment Trust III (File No. 811-04630)
  John Hancock Investors Trust (File No. 811-04173)
  John Hancock Municipal Securities Trust (File No. 811-05968)
  John Hancock Preferred Income Fund (File No. 811-21131)
  John Hancock Preferred Income Fund II (File No. 811-21202)
  John Hancock Preferred Income Fund III (File No. 811-21287)
  John Hancock Premium Dividend Fund (File No. 811-05908)
  John Hancock Sovereign Bond Fund (File No. 811-02402)
  John Hancock Strategic Diversified Income Fund (File No. 811-22675)
  John Hancock Strategic Series (File No. 811-04651)
  John Hancock Tax-Advantaged Dividend Income Fund (File No. 811-21416)
  John Hancock Tax-Advantaged Global Shareholder Yield Fund (File No. 811-22056)
  John Hancock Variable Insurance Trust (File No. 811-04146)
  (collectively the “Registrants” or the “Assured”)

 

Dear Sir/Madam:

 

On behalf of the Registrants, enclosed for filing, pursuant to Rule 17g-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), are the following documents:

 

1.A copy of the Joint Insured Fidelity Bond No. 81906724 issued by Chubb Group of Insurance Companies.

 

2.A copy of Endorsement / Rider No. 1 to the Registrants’ joint bond no. 81906724 regarding compliance with applicable trade sanction laws.

 

3.A copy of Endorsement 2 to the Registrants’ joint bond no. 81906724 regarding name of Assured Endorsement.

 

4.A copy of Endorsement No. 3 to the Registrants’ joint bond no. 81906724 amending Section 13 relating to terminations, non-renewals and notices.

 

 

John Hancock Financial Services  
   
 
U.S. Wealth Management
200 Berkeley Street
Boston, MA 02116
 

 

 

5.A copy of Endorsement No. 4 to the Registrants’ joint bond no. 81906724 regarding unauthorized signatures.

 

6.A copy of Endorsement No. 5 to the Registrants’ joint bond no. 81906724 regarding automated telephone transactions.

 

7.A copy of Endorsement No. 6 to the Registrants’ joint bond no. 81906724 regarding telefacsimile instructions.

 

8.A copy of Endorsement No. 7 to the Registrants’ joint bond no. 81906724 regarding stop payment orders or refusals to pay checks.

 

9.A copy of Endorsement No. 8 to the Registrants’ joint bond no. 81906724 regarding extended computer systems’ electronic data, media, instructions, communications and transmissions.

 

10.A copy of Endorsement / Rider No. 9 to the Registrants’ joint bond no. 81906724 regarding automatic increase in limits.

 

11.A copy of Endorsement / Rider No. 10 to the Registrants’ joint bond no. 81906724 regarding definition of employee endorsement.

 

12.A copy of Endorsement / Rider No. 11 to the Registrants’ joint bond no. 81906724 regarding deleting valuation, other property and amending change or modification.

 

13.A copy of Endorsement No. 12 to the Registrant’s joint bond no. 81906724 regarding amending name of assured relating to new funds.

 

14.A copy of Endorsement / Rider No. 13 to the Registrants’ joint bond no. 81906724 regarding amending discovery and notice.

 

15.A copy of Endorsement No. 14 to the Registrant’s joint bond no. 81906724 regarding limits of liability-deductible amounts.

 

16.A copy of the Excess Joint Insured Fidelity Bond No. 87142117B issued by ICI Mutual Insurance Company.

 

17.A copy of Rider No. 1 to the Registrant’s joint bond no. 87142117B regarding requirements of the Terrorism Risk Insurance Act of 2002, as amended.

 

18.A copy of the resolutions of the Board of Trustees approving the bonds.

 

19.A copy of the agreement among the Registrants entered into pursuant to paragraph (f) of Regulation 17g-1.

 

20.A statement showing the single bond amount (if the Registrants had not been named as an insured under this joint insured bond).

 

21.A statement showing that premiums have been paid for the period December 31, 2018 to December 31, 2019.

 

 

 

Sincerely,    
/s/ Betsy Anne Seel      
Betsy Anne Seel      
Assistant Secretary      

 

 

Chubb Group of Insurance Companies   DECLARATIONS
202B Hall’s Mill Road     FINANCIAL INSTITUTION INVESTMENT
Whitehouse Station, NJ 08889     COMPANY ASSET PROTECTION BOND
 
NAME OF ASSURED (including its Subsidiaries):   Bond Number: 81906724
 
JOHN HANCOCK FUNDS          
 
601 CONGRESS STREET          
            FEDERAL INSURANCE COMPANY
BOSTON, MA 02210     Incorporated under the laws of Indiana
a stock insurance company herein called the COMPANY
            Capital Center, 251 North Illinois, Suite 1100
Indianapolis, IN 46204-1927
             
 
ITEM 1. BOND PERIOD:    from 12:01 a.m. on December 31, 2018    
                       to 12:01 a.m. on December 31, 2019    
 
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 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   $ 15,000,000 $ 0
  2 . On Premises   $ 15,000,000 $ 150,000
  3 . In Transit   $ 15,000,000 $ 150,000
  4 . Forgery or Alteration $ 15,000,000 $ 150,000
  5 . Extended Forgery $ 15,000,000 $ 150,000
  6 . Counterfeit Money $ 15,000,000 $ 150,000
  7 . Threats to Person $ 15,000,000 $ 150,000
  8 . Computer System $ 15,000,000 $ 150,000
  9 . Voice Initiated Funds        
      Transfer Instruction $ 15,000,000 $ 150,000
  10 . Uncollectible Items of Deposit $ 15,000,000 $ 150,000
  11 . Audit Expense   $ 150,000 $ 0
 
ITEM 3. THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE FOLLOWING
  ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH:    
 
  1 - 14          
 
 
IN WITNESS WHEREOF, THE COMPANY has caused this Bond to be signed by its authorized officers, but it shall not be valid unless also signed by an authorized representative of the Company.

 

   

/s/ Brandon M. Peene   /s/ Paul J. Krump
Secretary   President
     
    /s/ Paul N. Morrissette
Countersigned by January 7, 2019   Authorized Representative

 


 

ICAP Bond (5-98) - Federal  
Form 17-02-1421 (Ed. 5-98) Page 1 of 1

 

  The COMPANY, in consideration of payment of the required premium, and in reliance
  on the APPLICATION and all other statements made and information furnished to the
  COMPANY by the ASSURED, 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:          
             
Insuring Clauses            
 
Employee 1 . Loss resulting directly from Larceny or Embezzlement committed by any Employee, alone or in collusion with others.
       
On Premises 2 . Loss of Property resulting directly from robbery, burglary, false pretenses,
      common law or statutory larceny, misplacement, mysterious unexplainable
      disappearance, damage, destruction or removal, from the possession, custody or
      control of the ASSURED, while such Property is lodged or deposited at premises
      located anywhere.
       
In Transit 3 . Loss of Property resulting directly from common law or statutory larceny,
      misplacement, mysterious unexplainable disappearance, damage or destruction,
      while the Property is in transit anywhere:
 
      a. in an armored motor vehicle, including loading and unloading thereof,
 
      b. in the custody of a natural person acting as a messenger of the ASSURED,
        or    
 
      c. in the custody of a Transportation Company and being transported in a
        conveyance other than an armored motor vehicle provided, however, that
        covered Property transported in such manner is limited to the following:
 
        (1)   written records,
 
        (2)   securities issued in registered form, which are not endorsed or are restrictively endorsed, or
 
        (3)   negotiable instruments not payable to bearer, which are not endorsed
            or are restrictively endorsed.
 
      Coverage under this INSURING CLAUSE begins immediately on the receipt of
      such Property by the natural person or Transportation Company and ends
      immediately on delivery to the premises of the addressee or to any representative
      of the addressee located anywhere.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 1 of 19

 


 

Insuring Clauses          
(continued)          
 
 
Forgery Or Alteration 4 . Loss resulting directly from:
       
      a. Forgery on, or fraudulent material alteration of, any bills of exchange,
        checks, drafts, acceptances, certificates of deposits, promissory notes, due
        bills, money orders, orders upon public treasuries, letters of credit, other
        written promises, orders or directions to pay sums certain in money, or
        receipts for the withdrawal of Property, or
 
      b. transferring, paying or delivering any funds or other Property, or establishing
        any credit or giving any value in reliance on any written instructions, advices
        or applications directed to the ASSURED authorizing or acknowledging the
        transfer, payment, delivery or receipt of funds or other Property, which
        instructions, advices or applications fraudulently purport to bear the
        handwritten signature of any customer of the ASSURED, or shareholder or
        subscriber to shares of an Investment Company, or of any financial
        institution or Employee but which instructions, advices or applications either
        bear a Forgery or have been fraudulently materially altered without the
        knowledge and consent of such customer, shareholder, subscriber, financial
        institution or Employee;
 
      excluding, however, under this INSURING CLAUSE any loss covered under
      INSURING CLAUSE 5. of this Bond, whether or not coverage for INSURING
      CLAUSE 5. is provided for in the DECLARATIONS of this Bond.
 
      For the purpose of this INSURING CLAUSE, a mechanically reproduced facsimile signature is treated the same as a handwritten signature.
         
Extended Forgery 5 . Loss resulting directly from the ASSURED having, in good faith, and in the
      ordinary course of business, for its own account or the account of others in any
      capacity:  
 
      a. acquired, accepted or received, sold or delivered, or given value, extended
        credit or assumed liability, in reliance on any original Securities,
        documents or other written instruments which prove to:
 
        (1) bear a Forgery or a fraudulently material alteration,
 
        (2) have been lost or stolen, or
 
        (3) be Counterfeit, or
 
      b. guaranteed in writing or witnessed any signatures on any transfer,
        assignment, bill of sale, power of attorney, guarantee, endorsement or other
        obligation upon or in connection with any Securities, documents or other
        written instruments.
 
      Actual physical possession, and continued actual physical possession if taken as
      collateral, of such Securities, documents or other written instruments by an
      Employee, Custodian, or a Federal or State chartered deposit institution of the
      ASSURED is a condition precedent to the ASSURED having relied on such items.
      Release or return of such collateral is an acknowledgment by the ASSURED that it no longer relies on such collateral.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 2 of 19

 


 

Insuring Clauses            
 
 
Extended Forgery     For the purpose of this INSURING CLAUSE, a mechanically reproduced facsimile
(continued)     signature is treated the same as a handwritten signature.
       
Counterfeit Money 6 . Loss resulting directly from the receipt by the ASSURED in good faith of any
      Counterfeit money.
       
Threats To Person 7 . Loss resulting directly from surrender of Property away from an office of the
      ASSURED as a result of a threat communicated to the ASSURED to do bodily
      harm to an Employee as defined in SECTION 1.e. (1), (2) and (5), a Relative or
      invitee of such Employee, or a resident of the household of such Employee, who
      is, or allegedly is, being held captive provided, however, that prior to the surrender
      of such Property:
       
      a. the Employee who receives the threat has made a reasonable effort to
        notify an officer of the ASSURED who is not involved in such threat, and
 
      b. the ASSURED has made a reasonable effort to notify the Federal Bureau of
        Investigation and local law enforcement authorities concerning such threat.
 
      It is agreed that for purposes of this INSURING CLAUSE, any Employee of the
      ASSURED, as set forth in the preceding paragraph, shall be deemed to be an
      ASSURED hereunder, but only with respect to the surrender of money, securities
      and other tangible personal property in which such Employee has a legal or
      equitable interest.
       
Computer System 8 . Loss resulting directly from fraudulent:
       
      a. entries of data into, or
         
      b. changes of data elements or programs within, a Computer System, provided the fraudulent entry or change causes:
 
        (1) funds or other property to be transferred, paid or delivered,
             
        (2) an account of the ASSURED or of its customer to be added, deleted, debited or credited, or
             
        (3) an unauthorized account or a fictitious account to be debited or
            credited.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 3 of 19

 


 

Insuring Clauses        
(continued)        
 
 
Voice Initiated Funds 9 . Loss resulting directly from Voice Initiated Funds Transfer Instruction directed
Transfer Instruction     to the ASSURED authorizing the transfer of dividends or redemption proceeds of
      Investment Company shares from a Customer's account, provided such Voice
      Initiated Funds Transfer Instruction was:
       
      a. received at the ASSURED'S offices by those Employees of the ASSURED
        specifically authorized to receive the Voice Initiated Funds Transfer
        Instruction,
         
      b. made by a person purporting to be a Customer, and
 
      c. made by said person for the purpose of causing the ASSURED or Customer
        to sustain a loss or making an improper personal financial gain for such
        person or any other person.
         
      In order for coverage to apply under this INSURING CLAUSE, all Voice Initiated
      Funds Transfer Instructions must be received and processed in accordance with the Designated Procedures outlined in the APPLICATION furnished to the
      COMPANY.
       
Uncollectible Items of 10 . Loss resulting directly from the ASSURED having credited an account of a
Deposit     customer, shareholder or subscriber on the faith of any Items of Deposit which
      prove to be uncollectible, provided that the crediting of such account causes:
       
      a. redemptions or withdrawals to be permitted,
         
      b. shares to be issued, or
         
      c. dividends to be paid, from an account of an Investment Company.
 
      In order for coverage to apply under this INSURING CLAUSE, the ASSURED
      must hold Items of Deposit for the minimum number of days stated in the
      APPLICATION before permitting any redemptions or withdrawals, issuing any
      shares or paying any dividends with respect to such Items of Deposit.
       
      Items of Deposit shall not be deemed uncollectible until the ASSURED'S
      standard collection procedures have failed.
       
Audit Expense 11 . Expense incurred by the ASSURED for that part of the cost of audits or
      examinations required by any governmental regulatory authority or self -regulatory
      organization to be conducted by such authority, organization or their appointee by
      reason of the discovery of loss sustained by the ASSURED and covered by this
      Bond.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 4 of 19

 


 

General Agreements        
 
 
Additional Companies A. If more than one corporation, or Investment Company, or any combination of
Included As Assured   them is included as the ASSURED herein:
     
    (1)   The total liability of the COMPANY under this Bond for loss or losses
        sustained by any one or more or all of them shall not exceed the limit for
        which the COMPANY would be liable under this Bond if all such loss were
        sustained by any one of them.
 
    (2)   Only the first named ASSURED shall be deemed to be the sole agent of the
        others for all purposes under this Bond, including but not limited to the giving
        or receiving of any notice or proof required to be given and for the purpose of
        effecting or accepting any amendments to or termination of this Bond. The
        COMPANY shall furnish each Investment Company with a copy of the
        Bond and with any amendment thereto, together with a copy of each formal
        filing of claim by any other named ASSURED and notification of the terms of
        the settlement of each such claim prior to the execution of such settlement.
 
    (3)   The COMPANY shall not be responsible for the proper application of any
        payment made hereunder to the first named ASSURED.
         
    (4)   Knowledge possessed or discovery made by any partner, director, trustee,
        officer or supervisory employee of any ASSURED shall constitute knowledge
        or discovery by all the ASSUREDS for the purposes of this Bond.
         
    (5)   If the first named ASSURED ceases for any reason to be covered under this
        Bond, then the ASSURED next named on the APPLICATION shall thereafter
        be considered as the first named ASSURED for the purposes of this Bond.
         
Representation Made By B. The ASSURED represents that all information it has furnished in the
Assured   APPLICATION for this Bond or otherwise is complete, true and correct. Such
    APPLICATION and other information constitute part of this Bond.
 
    The ASSURED must promptly notify the COMPANY of any change in any fact or
    circumstance which materially affects the risk assumed by the COMPANY under
    this Bond.
 
    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.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 5 of 19

 


 

General Agreements        
(continued)        
 
 
Additional Offices Or C. If the ASSURED, other than an Investment Company, while this Bond is in force,
Employees - Consolidation,   merges or consolidates with, or purchases or acquires assets or liabilities of
Merger Or Purchase Or   another institution, the ASSURED shall not have the coverage afforded under this
Acquisition Of Assets Or   Bond for loss which has:
Liabilities - Notice To   (1)   occurred or will occur on premises, or
Company        
    (2)   been caused or will be caused by an employee, or
         
    (3)   arisen or will arise out of the assets or liabilities, of such institution, unless the ASSURED:
   
    a.   gives the COMPANY written notice of the proposed consolidation, merger
        or purchase or acquisition of assets or liabilities prior to the proposed effective date of such action, and
    b.   obtains the written consent of the COMPANY to extend some or all of the
        coverage provided by this Bond to such additional exposure, and
    c.   on obtaining such consent, pays to the COMPANY an additional premium.
         
Change Of Control - D. When the ASSURED learns of a change in control (other than in an Investment
Notice To Company   Company), as set forth in Section 2(a) (9) of the Investment Company Act of
    1940, the ASSURED shall within sixty (60) days give written notice to the
    COMPANY setting forth:
     
    (1)   the names of the transferors and transferees (or the names of the beneficial owners if the voting securities are registered in another name),
         
    (2)   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
         
    (3)   the total number of outstanding voting securities.
         
    Failure to give the required notice shall result in termination of coverage for any
    loss involving a transferee, to be effective on the date of such change in control.
     
Court Costs And E. The COMPANY will indemnify the ASSURED for court costs and reasonable
Attorneys’ Fees   attorneys' fees incurred and paid by the ASSURED in defense, whether or not
    successful, whether or not fully litigated on the merits and whether or not settled,
    of any claim, suit or legal proceeding with respect to which the ASSURED would
    be entitled to recovery under this Bond. However, with respect to INSURING
    CLAUSE 1., this Section shall only apply in the event that:
     
    (1)   an Employee admits to being guilty of Larceny or Embezzlement,
    (2)   an Employee is adjudicated to be guilty of Larceny or Embezzlement, or

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 6 of 19

 


 

General Agreements    
 
 
Court Costs And (3) in the absence of 1 or 2 above, an arbitration panel agrees, after a review of
Attorneys’ Fees   an agreed statement of facts between the COMPANY and the ASSURED,
(continued)   that an Employee would be found guilty of Larceny or Embezzlement if such Employee were prosecuted.
 
  The ASSURED shall promptly give notice to the COMPANY of any such suit or
  legal proceeding and at the request of the COMPANY shall furnish copies of all
  pleadings and pertinent papers to the COMPANY. The COMPANY may, at its
  sole option, elect to conduct the defense of all or part of such legal proceeding.
  The defense by the COMPANY shall be in the name of the ASSURED through
  attorneys selected by the COMPANY. The ASSURED shall provide all reasonable
  information and assistance as required by the COMPANY for such defense.
 
  If the COMPANY declines to defend the ASSURED, no settlement without the
  prior written consent of the COMPANY nor judgment against the ASSURED shall
  determine the existence, extent or amount of coverage under this Bond.
 
  If the amount demanded in any such suit or legal proceeding is within the
  DEDUCTIBLE AMOUNT, if any, the COMPANY shall have no liability for court
  costs and attorney's fees incurred in defending all or part of such suit or legal
  proceeding.
 
  If the amount demanded in any such suit or legal proceeding is in excess of the
  LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS for the applicable
  INSURING CLAUSE, the COMPANY'S liability for court costs and attorney's fees
  incurred in defending all or part of such suit or legal proceedings is limited to the
  proportion of such court costs and attorney's fees incurred that the LIMIT OF
  LIABILITY stated in ITEM 2. of the DECLARATIONS for the applicable INSURING
  CLAUSE bears to the total of the amount demanded in such suit or legal
  proceeding.
 
  If the amount demanded is any such suit or legal proceeding is in excess of the
  DEDUCTIBLE AMOUNT, if any, but within the LIMIT OF LIABILITY stated in ITEM
  2. of the DECLARATIONS for the applicable INSURING CLAUSE, the
  COMPANY'S liability for court costs and attorney's fees incurred in defending all or
  part of such suit or legal proceedings shall be limited to the proportion of such
  court costs or attorney's fees that the amount demanded that would be payable
  under this Bond after application of the DEDUCTIBLE AMOUNT, bears to the total
  amount demanded.
 
  Amounts paid by the COMPANY for court costs and attorneys' fees shall be in
  addition to the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 7 of 19

 


 

Conditions and            
Limitations            
 
 
Definitions 1 . As used in this Bond:
       
      a. Computer System means a computer and all input, output, processing,
        storage, off-line media libraries, and communication facilities which are
        connected to the computer and which are under the control and supervision
        of the operating system(s) or application(s) software used by the ASSURED.
 
      b. Counterfeit means an imitation of an actual valid original which is intended
        to deceive and be taken as the original.
 
      c. Custodian means the institution designated by an Investment Company to
        maintain possession and control of its assets.
 
      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.
 
      e. Employee means:
         
        (1)   an officer of the ASSURED,
 
        (2)   a natural person while in the regular service of the ASSURED at any of the ASSURED'S premises and compensated directly by the ASSURED through its payroll system and subject to the United States Internal Revenue Service Form W -2 or equivalent income reporting plans of other countries, and whom the ASSURED has the right to control and direct both as to the result to be accomplished and details and means by which such result is accomplished in the performance of such service,
 
        (3)   a guest student pursuing studies or performing duties in any of the ASSURED'S premises,
 
        (4)   an attorney retained by the ASSURED and an employee of such
            attorney while either is performing legal services for the ASSURED,
 
        (5)   a natural person provided by an employment contractor to perform
            employee duties for the ASSURED under the ASSURED'S supervision at any of the ASSURED'S premises,
 
        (6)   an employee of an institution merged or consolidated with the
            ASSURED prior to the effective date of this Bond,
             
        (7)   a director or trustee of the ASSURED, but only while performing acts
            within the scope of the customary and usual duties of any officer or
            other employee of the ASSURED or while acting as a member of any
            committee duly elected or appointed to examine or audit or have
            custody of or access to Property of the ASSURED, or

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 8 of 19

 


 

Conditions and        
Limitations        
 
 
Definitions (8 ) each natural person, partnership or corporation authorized by written
(continued)     agreement with the ASSURED to perform services as electronic data
      processor of checks or other accounting records related to such checks but
      only while such person, partnership or corporation is actually performing
      such services and not:
 
      a. creating, preparing, modifying or maintaining the ASSURED'S
        computer software or programs, or
 
      b. acting as transfer agent or in any other agency capacity in issuing
        checks, drafts or securities for the ASSURED,
 
  (9 ) any partner, officer or employee of an investment advisor, an underwriter
      (distributor), a transfer agent or shareholder accounting recordkeeper, or an
      administrator, for an Investment Company while performing acts coming
      within the scope of the customary and usual duties of an officer or employee
      of an Investment Company or acting as a member of any committee duly
      elected or appointed to examine, audit or have custody of or access to
      Property of an Investment Company.
 
      The term Employee shall not include any partner, officer or employee of a
      transfer agent, shareholder accounting recordkeeper or administrator:
       
      a. which is not an "affiliated person" (as defined in Section 2(a) of the
        Investment Company Act of 1940) of an Investment Company or of
        the investment advisor or underwriter (distributor) of such Investment
        Company, or
 
      b. which is a "bank" (as defined in Section 2(a) of the Investment Company Act of 1940).
         
        This Bond does not afford coverage in favor of the employers of
        persons as set forth in e. (4), (5) and (8) above, and upon payment to
        the ASSURED by the COMPANY resulting directly from 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 ASSURED'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
        ASSURED to the COMPANY, and the ASSURED shall execute all
        papers necessary to secure to the COMPANY the rights provided for
        herein.
 
      Each employer of persons as set forth in e.(4), (5) and (8) above and the
      partners, officers and other employees of such employers shall collectively
      be deemed to be one person for all the purposes of this Bond; excepting,
      however, the fifth paragraph of Section 13.
 
      Independent contractors not specified in e.(4), (5) or (8) above,
      intermediaries, agents, brokers or other representatives of the same general
      character shall not be considered Employees.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 9 of 19

 


 

Conditions and    
Limitations    
 
 
Definitions f. Forgery means the signing of the name of another natural person with the
(continued)   intent to deceive but does not mean a signature which consists in whole or in
    part of one's own name, with or without authority, in any capacity for any
    purpose.
 
  g. Investment Company means any investment company registered under the
    Investment Company Act of 1940 and listed under the NAME OF ASSURED
    on the DECLARATIONS.
 
  h. Items of Deposit means one or more checks or drafts drawn upon a
    financial institution in the United States of America.
 
  i. Larceny or Embezzlement means larceny or embezzlement as defined in
    Section 37 of the Investment Company Act of 1940.
     
  j. Property means money, revenue and other stamps; securities; including any
    note, stock, treasury stock, bond, debenture, evidence of indebtedness,
    certificate of deposit, certificate of interest or participation in any profit-
    sharing agreement, collateral trust certificate, preorganization certificate or
    subscription, transferable share, investment contract, voting trust certificate,
    certificate of deposit for a security, fractional undivided interest in oil, gas, or
    other mineral rights, any interest or instruments commonly known as a
    security under the Investment Company Act of 1940, any other certificate of
    interest or participation in, temporary or interim certificate for, receipt for,
    guarantee of, or warrant or right to subscribe to or purchase any of the
    foregoing; bills of exchange; acceptances; checks; withdrawal orders; money
    orders; travelers' letters of credit; bills of lading; abstracts of title; insurance
    policies, deeds, mortgages on real estate and/or upon chattels and interests
    therein; assignments of such policies, deeds or mortgages; other valuable
    papers, including books of accounts and other records used by the
    ASSURED in the conduct of its business (but excluding all electronic data
    processing records); and, all other instruments similar to or in the nature of
    the foregoing in which the ASSURED acquired an interest at the time of the
    ASSURED'S consolidation or merger with, or purchase of the principal
    assets of, a predecessor or which are held by the ASSURED for any
    purpose or in any capacity and whether so held gratuitously or not and
    whether or not the ASSURED is liable therefor.
 
  k. Relative means the spouse of an Employee or partner of the ASSURED
    and any unmarried child supported wholly by, or living in the home of, such
    Employee or partner and being related to them by blood, marriage or legal
    guardianship.
 
  l. Securities, documents or other written instruments means original
    (including original counterparts) negotiable or non-negotiable instruments, or
    assignments thereof, which in and of themselves represent an equitable
    interest, ownership, or debt and which are in the ordinary course of business
    transferable by delivery of such instruments with any necessary
    endorsements or assignments.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 10 of 19

 


 

Conditions and        
Limitations        
 
 
Definitions     m. Subsidiary means any organization that, at the inception date of this Bond,
(continued)       is named in the APPLICATION or is created during the BOND PERIOD and
        of which more than fifty percent (50%) of the outstanding securities or voting
        rights representing the present right to vote for election of directors is owned
        or controlled by the ASSURED either directly or through one or more of its
        subsidiaries.
         
      n. Transportation Company means any organization which provides its own
        or its leased vehicles for transportation or which provides freight forwarding
        or air express services.
         
      o. Voice Initiated Election means any election concerning dividend options
        available to Investment Company shareholders or subscribers which is
        requested by voice over the telephone.
 
      p. Voice Initiated Redemption means any redemption of shares issued by an
        Investment Company which is requested by voice over the telephone.
         
      q. Voice Initiated Funds Transfer Instruction means any Voice Initiated
        Redemption or Voice Initiated Election.
 
      For the purposes of these definitions, the singular includes the plural and the
      plural includes the singular, unless otherwise indicated.
       
General Exclusions - 2 . This bond does not directly or indirectly cover:
Applicable to All Insuring     a. loss not reported to the COMPANY in writing within sixty (60) days after
Clauses       termination of this Bond as an entirety;
 
      b. loss due to riot or civil commotion outside the United States of America and
        Canada, or any loss due to military, naval or usurped power, war or
        insurrection. This Section 2.b., however, shall not apply to loss which occurs
        in transit in the circumstances recited in INSURING CLAUSE 3., provided
        that when such transit was initiated there was no knowledge on the part of
        any person acting for the ASSURED of such riot, civil commotion, military,
        naval or usurped power, war or insurrection;
         
      c. loss resulting from the effects of nuclear fission or fusion or radioactivity;
 
      d. loss of potential income including, but not limited to, interest and dividends
        not realized by the ASSURED or by any customer of the ASSURED;
         
      e. damages of any type for which the ASSURED is legally liable, except
        compensatory damages, but not multiples thereof, arising from a loss
        covered under this Bond;
         
      f. costs, fees and expenses incurred by the ASSURED in establishing the
        existence of or amount of loss under this Bond, except to the extent covered
        under INSURING CLAUSE 11.;
 
      g. loss resulting from indirect or consequential loss of any nature;

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 11 of 19

 


 

Conditions and              
Limitations              
 
 
General Exclusions -     h. loss resulting from dishonest acts by any member of the Board of Directors
Applicable to All Insuring       or Board of Trustees of the ASSURED who is not an Employee, acting
Clauses       alone or in collusion with others;
(continued)        
      i. loss, or that part of any loss, resulting solely from any violation by the ASSURED or by any Employee:
         
        (1) of any law regulating:
           
          a.   the issuance, purchase or sale of securities,
             
          b. securities transactions on security or commodity exchanges or
            the over the counter market,
             
          c. investment companies,
             
          d. investment advisors, or
             
        (2) of any rule or regulation made pursuant to any such law; or
           
      j. loss of confidential information, material or data;
         
      k. loss resulting from voice requests or instructions received over the
        telephone, provided however, this Section 2.k. shall not apply to INSURING
        CLAUSE 7. or 9.
         
Specific Exclusions - 3 . This Bond does not directly or indirectly cover:
Applicable To All Insuring     a. loss caused by an Employee, provided, however, this Section 3.a. shall not
Clauses Except Insuring       apply to loss covered under INSURING CLAUSE 2. or 3. which results
Clause 1.       directly from misplacement, mysterious unexplainable disappearance, or damage or destruction of Property;
 
      b. loss through the surrender of property away from premises of the ASSURED
        as a result of a threat:
         
        (1) to do bodily harm to any natural person, except loss of Property in
          transit in the custody of any person acting as messenger of the
          ASSURED, provided that when such transit was initiated there was no
          knowledge by the ASSURED of any such threat, and provided further
          that this Section 3.b. shall not apply to INSURING CLAUSE 7., or
           
        (2) to do damage to the premises or Property of the ASSURED;
           
      c. loss resulting from payments made or withdrawals from any account
        involving erroneous credits to such account;
         
      d. loss involving Items of Deposit which are not finally paid for any reason
        provided however, that this Section 3.d. shall not apply to INSURING
        CLAUSE 10.;
         
      e. loss of property while in the mail;

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 12 of 19

 


 

Conditions and                
Limitations                
 
 
Specific Exclusions -     f. loss resulting from the failure for any reason of a financial or depository
Applicable To All Insuring       institution, its receiver or other liquidator to pay or deliver funds or other
Clauses Except Insuring       Property to the ASSURED provided further that this Section 3.f. shall not
Clause 1.       apply to loss of Property resulting directly from robbery, burglary,
(continued)       misplacement, mysterious unexplainable disappearance, damage,
        destruction or removal from the possession, custody or control of the
        ASSURED.        
                 
      g. loss of Property while in the custody of a Transportation Company,
        provided however, that this Section 3.g. shall not apply to INSURING
        CLAUSE 3.;        
                 
      h. loss resulting from entries or changes made by a natural person with
        authorized access to a Computer System who acts in good faith on
        instructions, unless such instructions are given to that person by a software
        contractor or its partner, officer, or employee authorized by the ASSURED to design, develop, prepare, supply, service, write or implement programs for the ASSURED's Computer System; or
         
      i. loss resulting directly or indirectly from the input of data into a Computer
        System terminal, either on the premises of the customer of the ASSURED
        or under the control of such a customer, by a customer or other person who
        had authorized access to the customer's authentication mechanism.
         
Specific Exclusions - 4 . This bond does not directly or indirectly cover:    
Applicable To All Insuring     a. loss resulting from the complete or partial non-payment of or default on any
Clauses Except Insuring       loan whether such loan was procured in good faith or through trick, artifice,
Clauses 1., 4., And 5.       fraud or false pretenses; provided, however, this Section 4.a. shall not apply
        to INSURING CLAUSE 8.;      
               
      b. loss resulting from forgery or any alteration;    
             
      c. loss involving a counterfeit provided, however, this Section 4.c. shall not
        apply to INSURING CLAUSE 5. or 6.    
             
Limit Of Liability/Non- 5 . At all times prior to termination of this Bond, this Bond shall continue in force for
Reduction And Non-     the limit stated in the applicable sections of ITEM 2. of the DECLARATIONS,
Accumulation Of Liability     notwithstanding any previous loss for which the COMPANY may have paid or be
      liable to pay under this Bond provided, however, that the liability of the COMPANY under this Bond with respect to all loss resulting from:
       
      a. any one act of burglary, robbery or hold-up, or attempt thereat, in which no
        Employee is concerned or implicated, or    
             
      b. any one unintentional or negligent act on the part of any one person
        resulting in damage to or destruction or misplacement of Property, or
         
      c. all acts, other than those specified in a. above, of any one person, or

 

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Conditions and        
Limitations        
 
 
Limit Of Liability/Non-     d. any one casualty or event other than those specified in a., b., or c. above,
Reduction And Non-     shall be deemed to be one loss and shall be limited to the applicable LIMIT OF
Accumulation Of Liability     LIABILITY stated in ITEM 2. of the DECLARATIONS of this Bond irrespective of
(continued)     the total amount of such loss or losses and shall not be cumulative in amounts
      from year to year or from period to period.
       
      All acts, as specified in c. above, of any one person which
       
      i. directly or indirectly aid in any way wrongful acts of any other person or
        persons, or
         
      ii. permit the continuation of wrongful acts of any other person or persons
         
      whether such acts are committed with or without the knowledge of the wrongful
      acts of the person so aided, and whether such acts are committed with or without
      the intent to aid such other person, shall be deemed to be one loss with the
      wrongful acts of all persons so aided.
       
Discovery 6 . This Bond applies only to loss first discovered by an officer of the ASSURED
      during the BOND PERIOD. Discovery occurs at the earlier of an officer of the
      ASSURED being aware of:
       
      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.
       
Notice To Company - 7 . a. The ASSURED shall give the COMPANY notice thereof at the earliest
Proof - Legal Proceedings       practicable moment, not to exceed sixty (60) days after discovery of loss, in
Against Company       an amount that is in excess of 50% of the applicable DEDUCTIBLE
        AMOUNT, as stated in ITEM 2. of the DECLARATIONS.
         
      b. The ASSURED shall furnish to the COMPANY proof of loss, duly sworn to,
        with full particulars within six (6) months after such discovery.
         
      c. Securities listed in a proof of loss shall be identified by certificate or bond
        numbers, if issued with them.
         
      d. Legal proceedings for the recovery of any loss under this Bond shall not be
        brought prior to the expiration of sixty (60) days after the proof of loss is filed
        with the COMPANY or after the expiration of twenty -four (24) months from
        the discovery of such loss.
         
      e. This Bond affords coverage only in favor of the ASSURED. No claim, suit,
        action or legal proceedings shall be brought under this Bond by anyone
        other than the ASSURED.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 14 of 19

 


 

Conditions and        
Limitations        
 
 
Notice To Company -     f. Proof of loss involving Voice Initiated Funds Transfer Instruction shall
Proof - Legal Proceedings       include electronic recordings of such instructions.
Against Company        
(continued)        
         
Deductible Amount 8 . The COMPANY shall not be liable under any INSURING CLAUSES of this Bond
      on account of loss unless the amount of such loss, after deducting the net amount
      of all reimbursement and/or recovery obtained or made by the ASSURED, other
      than from any Bond or policy of insurance issued by an insurance company and
      covering such loss, or by the COMPANY on account thereof prior to payment by
      the COMPANY of such loss, shall exceed the DEDUCTIBLE AMOUNT set forth in
      ITEM 3. of the DECLARATIONS, and then for such excess only, but in no event
      for more than the applicable LIMITS OF LIABILITY stated in ITEM 2. of the
      DECLARATIONS.
       
      There shall be no deductible applicable to any loss under INSURING CLAUSE 1.
      sustained by any Investment Company.
       
Valuation 9 . BOOKS OF ACCOUNT OR OTHER RECORDS
       
      The value of any loss of Property consisting of books of account or other records
      used by the ASSURED in the conduct of its business shall be the amount paid by
      the ASSURED for blank books, blank pages, or other materials which replace the
      lost books of account or other records, plus the cost of labor paid by the
      ASSURED for the actual transcription or copying of data to reproduce such books
      of account or other records.
 
      The value of any loss of Property other than books of account or other records
      used by the ASSURED in the conduct of its business, for which a claim is made
      shall be determined by the average market value of such Property on the
      business day immediately preceding discovery of such loss provided, however,
      that the value of any Property replaced by the ASSURED with the consent of the
      COMPANY and prior to the settlement of any claim for such Property shall be the actual market value at the time of replacement.
 
      In the case of a loss of interim certificates, warrants, rights or other securities, the
      production of which is necessary to the exercise of subscription, conversion,
      redemption or deposit privileges, the value of them shall be the market value of
      such privileges immediately preceding their expiration if said loss is not discovered
      until after their expiration. If no market price is quoted for such Property or for
      such privileges, the value shall be fixed by agreement between the parties.
       
      OTHER PROPERTY
 
      The value of any loss of Property, other than as stated above, shall be the actual
      cash value or the cost of repairing or replacing such Property with Property of
      like quality and value, whichever is less.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 15 of 19

 


 

Conditions and        
Limitations        
(continued)        
 
 
Securities Settlement 10 . In the event of a loss of securities covered under this Bond, the COMPANY may,
      at its sole discretion, purchase replacement securities, tender the value of the
      securities in money, or issue its indemnity to effect replacement securities.
       
      The indemnity required from the ASSURED under the terms of this Section
      against all loss, cost or expense arising from the replacement of securities by the
      COMPANY'S indemnity shall be:
       
      a. for securities having a value less than or equal to the applicable
        DEDUCTIBLE AMOUNT - one hundred (100%) percent;
         
      b. for securities having a value in excess of the DEDUCTIBLE AMOUNT but
        within the applicable LIMIT OF LIABILITY - the percentage that the
        DEDUCTIBLE AMOUNT bears to the value of the securities;
         
      c. for securities having a value greater than the applicable LIMIT OF LIABILITY
        - the percentage that the DEDUCTIBLE AMOUNT and portion in excess of
        the applicable LIMIT OF LIABILITY bears to the value of the securities.
         
      The value referred to in Section 10.a., b., and c. is the value in accordance with
      Section 9, Valuation, regardless of the value of such securities at the time the loss under the COMPANY'S indemnity is sustained.
       
      The COMPANY is not required to issue its indemnity for any portion of a loss of
      securities which is not covered by this Bond; however, the COMPANY may do so
      as a courtesy to the ASSURED and at its sole discretion.
       
      The ASSURED shall pay the proportion of the Company's premium charge for the
      Company's indemnity as set forth in Section 10.a., b., and c. No portion of the
      LIMIT OF LIABILITY shall be used as payment of premium for any indemnity
      purchased by the ASSURED to obtain replacement securities.
       
Subrogation - Assignment 11.   In the event of a payment under this Bond, the COMPANY shall be subrogated to
Recovery     all of the ASSURED'S rights of recovery against any person or entity to the extent
      of such payment. On request, the ASSURED shall deliver to the COMPANY an
      assignment of the ASSURED'S rights, title and interest and causes of action
      against any person or entity to the extent of such payment.
       
      Recoveries, whether effected by the COMPANY or by the ASSURED, shall be
      applied net of the expense of such recovery in the following order:
       
      a. first, to the satisfaction of the ASSURED'S loss which would otherwise have
        been paid but for the fact that it is in excess of the applicable LIMIT OF
        LIABILITY,
         
      b. second, to the COMPANY in satisfaction of amounts paid in settlement of
        the ASSURED'S claim,
         
      c. third, to the ASSURED in satisfaction of the applicable DEDUCTIBLE
        AMOUNT, and

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 16 of 19

 


 

Conditions and        
Limitations        
 
 
Subrogation - Assignment     d. fourth, to the ASSURED in satisfaction of any loss suffered by the
Recovery       ASSURED which was not covered under this Bond.
(continued)     Recovery from reinsurance or indemnity of the COMPANY shall not be deemed a
      recovery under this section.
       
Cooperation Of Assured 12 . At the COMPANY'S request and at reasonable times and places designated by
      the COMPANY, the ASSURED shall:
      a. submit to examination by the COMPANY and subscribe to the same under
        oath,
         
      b. produce for the COMPANY'S examination all pertinent records, and
         
      c. cooperate with the COMPANY in all matters pertaining to the loss.
         
      The ASSURED shall execute all papers and render assistance to secure to the
      COMPANY the rights and causes of action provided for under this Bond. The
      ASSURED shall do nothing after loss to prejudice such rights or causes of action.
       
Termination 13 . If the Bond is for a sole ASSURED, it shall not be terminated unless written notice
      shall have been given by the acting party to the affected party and to the
      Securities and Exchange Commission, Washington, D.C., not less than sixty (60)
      days prior to the effective date of such termination.
       
      If the Bond is for a joint ASSURED, it shall not be terminated unless written notice
      shall have been given by the acting party to the affected party, and by the
      COMPANY to all ASSURED Investment Companies and to the Securities and
      Exchange Commission, Washington, D.C., not less than sixty (60) days prior to
      the effective date of such termination.
       
      This Bond will terminate as to any one ASSURED, other than an Investment
      Company:
       
      a. immediately on the taking over of such ASSURED by a receiver or other
        liquidator or by State or Federal officials, or
         
      b. immediately on the filing of a petition under any State or Federal statute
        relative to bankruptcy or reorganization of the ASSURED, or assignment for
        the benefit of creditors of the ASSURED, or
         
      c. immediately upon such ASSURED ceasing to exist, whether through merger
        into another entity, disposition of all of its assets or otherwise.
         
      The COMPANY shall refund the unearned premium computed at short rates in
      accordance with the standard short rate cancellation tables if terminated by the
      ASSURED or pro rata if terminated for any other reason.

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 17 of 19

 


 

Conditions and        
Limitations        
 
 
Termination     If any partner, director, trustee, or officer or supervisory employee of an
(continued)     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.

 

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Form 17-02-1421 (Ed. 5-98) Page 18 of 19

 


 

Conditions And  
Limitations  
 
 
Change or Modification If this Bond is for a joint ASSURED, no charge or modification which would
(continued) 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

 


 

  ENDORSEMENT/RIDER
Effective date of  
this endorsement/rider: December 31, 2018 FEDERAL INSURANCE COMPANY
  Endorsement/Rider No. 1
  To be attached to and
  form a part of Policy No. 81906724
 
Issued to: JOHN HANCOCK 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 Policy shall remain unchanged.

 

    /s/ Paul N. Morrissette
    Authorized Representative

 

14-02-9228 (2/2010)

Page 1


 

FEDERAL INSURANCE COMPANY
 
Endorsement No: 2
 
Bond Number: 81906724
 
NAME OF ASSURED: JOHN HANCOCK FUNDS  
 
NAME OF ASSURED ENDORSEMENT  
 
It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to read as follows:
 
 
JOHN HANCOCK FUNDS listed as the Named Assured on the Declarations Page
Includes the following Trusts:  
 
John Hancock Variable Insurance Trust  
500 Index Trust  
Active Bond Trust  
All Cap Core Trust  
Alpha Opportunities Trust  
American Asset Allocation Trust  
American Global Growth Trust  
American Growth Trust  
American Growth-Income Trust  
American International Trust  
Blue Chip Growth Trust  
Bond Trust  
Capital Appreciation Trust  
Capital Appreciation Value Trust  
Core Bond Trust  
Emerging Markets Value Trust  
Equity Income Trust  
Financial Industries Trust  
Fundamental All Cap Core Trust  
Fundamental Large Cap Value Trust  
Global Bond Trust  
Global Trust  
Health Sciences Trust  
High Yield Trust  
International Equity Index Trust  
International Growth Stock Trust  
International Small Company Trust  

 

ICAP Bond  
Form 17-02-0949 (Ed. 1-97) Page 1

 


 

International Value Trust
Investment Quality Bond Trust
Lifecycle 2010 Trust
Lifecycle 2015 Trust
Lifecycle 2020 Trust
Lifecycle 2025 Trust
Lifecycle 2030 Trust
Lifecycle 2035 Trust
Lifecycle 2040 Trust
Lifecycle 2045 Trust
Lifecycle 2050 Trust
Lifestyle Aggressive Portfolio
Managed Volatility Aggressive Portfolio
Lifestyle Balanced Portfolio
Managed Volatility Balanced Portfolio
Lifestyle Conservative Portfolio
Managed Volatility Conservative Portfolio
Lifestyle Growth Portfolio
Managed Volatility Growth Portfolio
Lifestyle Moderate Portfolio
Managed Volatility Moderate Portfolio
Mid Cap Index Trust
Mid Cap Stock Trust
Mid Value Trust
Money Market Trust
Mutual Shares Trust
New Income Trust
Real Estate Securities Trust
Science & Technology Trust
Short Term Government Income Trust
Small Cap Growth Trust
Small Cap Index Trust
Small Cap Opportunities Trust
Small Cap Value Trust
Small Company Growth Trust
Small Company Value Trust
Strategic Equity Allocation Trust
Strategic Income Opportunities Trust
(f/k/a Strategic Income Trust)
Total Bond Market Trust
Total Stock Market Index Trust
Ultra Short Term Bond Trust
Utilities Trust

 

ICAP Bond  
Form 17-02-0949 (Ed. 1-97) Page 2

 


 

John Hancock Bond Trust:
High Yield Fund
ESG Core Bond Fund
Global Conservative Absolute Return Fund
Global Short Duration Credit Fund
Government Income Fund
Investment Grade Bond Fund
 
John Hancock California Tax-Free Income Fund:
California Tax-Free Income Fund
 
John Hancock Capital Series:
Classic Value Fund
U. S. Global Leaders Growth Fund
 
John Hancock Current Interest:
Money Market Fund
 
John Hancock Investment Trust:
Balanced Fund
Emerging Markets Equity Fund
Enduring Assets Fund
ESG All Cap Core Fund
ESG Large Cap Core Fund
ESG International Equity Fund
Disciplined Value International Fund
Fundamental Large Cap Core Fund (fka Large Cap Equity Fund)
Global Focused Strategies Fund
Global Real Estate Fund
Seaport Fund
Small Cap Core Fund
Small Cap Growth Fund
Value Equity Fund
 
John Hancock Investment Trust II:
Financial Industries Fund
Regional Bank Fund
 
John Hancock Investment Trust III:
Greater China Opportunities Fund

 

ICAP Bond  
Form 17-02-0949 (Ed. 1-97) Page 3

 


 

John Hancock Municipal Securities Trust:
High Yield Municipal Bond Fund
Tax-Free Bond Fund  
 
John Hancock Sovereign Bond Fund:
Bond Fund  
 
John Hancock Strategic Series:
Income Fund  
 
John Hancock Collateral Trust
John Hancock Collateral Trust
 
John Hancock Exchange-Traded Fund Trust:
John Hancock Multisector Consumer Discretionary ETF
John Hancock Multisector Financials ETF
John Hancock Multisector Healthcare ETF
John Hancock Multisector Technology ETF
John Hancock Multisector Large Cap ETF
John Hancock Multisector Mid Cap ETF
John Hancock Multisector Consumer Staples ETF
John Hancock Multisector Energy ETF
John Hancock Multisector Industrials ETF
John Hancock Multisector Materials ETF
John Hancock Multisector Utilities ETF
John Hancock Multifactor Developed International ETF
John Hancock Multifactor Small Cap ETF
 
John Hancock Funds II  
Absolute Return Currency Fund
Alternative Asset Allocation Fund
Asia Pacific Total Return Bond Fund
Blue Chip Growth Fund  
Capital Appreciation Fund  
Capital Appreciation Value Fund
Core Bond Fund  
Diversified Strategies Fund  
Emerging Markets Fund  
Emerging Markets Debt Fund
Equity-Income Fund  
Floating Rate Income Fund  
Fundamental All Cap Core Fund
Fundamental Global Franchise

 

ICAP Bond  
Form 17-02-0949 (Ed. 1-97) Page 4

 


 

Fundamental Large Cap Value Fund
Global Absolute Return Strategies Fund
Global Bond Fund
Global Equity Fund
Global Income Fund
Global Real Estate Fund
Health Sciences Fund
High Yield Fund
Income Fund
Income Allocation Fund
International Growth Stock Fund
International Small Cap Fund
International Small Company Fund
International Strategic Equity Allocation Fund
International Value Fund
Investment Quality Bond Fund
Multimanager Lifestyle Aggressive Portfolio (formerly Lifestyle Aggressive Portfolio)
Multimanager Lifestyle Balanced Portfolio (formerly Lifestyle Balanced Portfolio)
Multimanager Lifestyle Conservative Portfolio (formerly Lifestyle Conservative Portfolio)
Multimanager Lifestyle Growth Portfolio (formerly Lifestyle Growth Portfolio)
Multimanager Lifestyle Moderate Portfolio (formerly Lifestyle Moderate Portfolio)
Multi-Index Lifestyle Aggressive Portfolio (formerly Lifestyle II Aggressive Portfolio)
Multi-Index Lifestyle Balanced Portfolio (formerly Lifestyle II Balanced Portfolio)
Multi-Index Lifestyle Conservative Portfolio (formerly Lifestyle II Conservative Portfolio)
Multi-Index Lifestyle Growth Portfolio (formerly Lifestyle II Growth Portfolio)
Multi-Index Lifestyle Moderate Portfolio (formerly Lifestyle II Moderate Portfolio)
Mid Cap Stock Fund
Mid Value Fund
Natural Resources Fund
New Opportunities Fund
Real Estate Equity Fund
Real Estate Securities Fund
Real Return Bond Fund
Redwood Fund
Multi-Index Income Preservation Portfolio (formerly Retirement Choices Income
Portfolio; formerly Retirement Choices at 2015 Portfolio)
Multi-Index 2020 Preservation Portfolio (formerly Retirement Choices at 2020 Portfolio)
Multi-Index 2025 Preservation Portfolio (formerly Retirement Choices at 2025 Portfolio)
Multi-Index 2030 Preservation Portfolio (formerly Retirement Choices at 2030 Portfolio)

 

ICAP Bond  
Form 17-02-0949 (Ed. 1-97) Page 5

 


 

Multi-Index 2035 Preservation Portfolio (formerly Retirement Choices at 2035 Portfolio)
Multi-Index 2040 Preservation Portfolio (formerly Retirement Choices at 2040 Portfolio)
Multi-Index 2045 Preservation Portfolio (formerly Retirement Choices at 2045 Portfolio)
Multi-Index 2050 Preservation Portfolio (formerly Retirement Choices at 2050 Portfolio)
Multi-Index 2055 Preservation Portfolio (formerly Retirement Choices at 2055 Portfolio)
Multi-Index 2060 Preservation Portfolio (formerly Retirement Choices at 2060 Portfolio)
Multimanager 2010 Lifetime Portfolio (formerly Retirement Living through 2010 Portfolio)
Multimanager 2015 Lifetime Portfolio (formerly Retirement Living through 2015 Portfolio)
Multimanager 2020 Lifetime Portfolio (formerly Retirement Living through 2020 Portfolio)
Multimanager 2025 Lifetime Portfolio (formerly Retirement Living through 2025 Portfolio)
Multimanager 2030 Lifetime Portfolio (formerly Retirement Living through 2030 Portfolio)
Multimanager 2035 Lifetime Portfolio (formerly Retirement Living through 2035 Portfolio)
Multimanager 2040 Lifetime Portfolio (formerly Retirement Living through 2040 Portfolio)
Multimanager 2045 Lifetime Portfolio (formerly Retirement Living through 2045 Portfolio)
Multimanager 2050 Lifetime Portfolio (formerly Retirement Living through 2050 Portfolio)
Multimanager 2055 Lifetime Portfolio (formerly Retirement Living through 2055 Portfolio)
Multimanager 2060 Lifetime Portfolio (formerly Retirement Living through 2060 Portfolio)
Multi-Index 2010 Lifetime Portfolio (formerly Retirement Living through II 2010 Portfolio)
Multi-Index 2015 Lifetime Portfolio (formerly Retirement Living through II 2015 Portfolio)
Multi-Index 2020 Lifetime Portfolio (formerly Retirement Living through II 2020 Portfolio)
Multi-Index 2025 Lifetime Portfolio (formerly Retirement Living through II 2025 Portfolio)
Multi-Index 2030 Lifetime Portfolio (formerly Retirement Living through II 2030 Portfolio)

 

ICAP Bond  
Form 17-02-0949 (Ed. 1-97) Page 6

 


 

Multi-Index 2035 Lifetime Portfolio (formerly Retirement Living through II 2035 Portfolio)
Multi-Index 2040 Lifetime Portfolio (formerly Retirement Living through II 2040 Portfolio)
Multi-Index 2045 Lifetime Portfolio (formerly Retirement Living through II 2045 Portfolio)
Multi-Index 2050 Lifetime Portfolio (formerly Retirement Living through II 2050 Portfolio)
Multi-Index 2055 Lifetime Portfolio (formerly Retirement Living through II 2055 Portfolio)
Multi-Index 2060 Lifetime Portfolio (formerly Retirement Living through II 2060 Portfolio)
Retirement Income 2040 Fund
Science & Technology Fund
Short Duration Credit Opportunities Fund
Short Term Government Income Fund
Small Cap Growth Fund
Small Cap Value Fund
Small Company Growth Fund
Small Company Value Fund
Spectrum Income Fund
Strategic Equity Allocation Fund
Strategic Income Opportunities Fund
Technical Opportunities
Total Return Fund
U.S. High Yield Bond Fund
U.S. Growth Fund (fka U.S. Equity Fund)
U.S. Strategic Equity Allocation Fund
 
John Hancock Funds III
Disciplined Value Fund
Disciplined Value Mid Cap Fund
Global Shareholder Yield Fund
International Growth Fund
International Value Equity Fund
Small Company Fund
Strategic Growth Fund
 
Closed End Funds:
Financial Opportunities Fund
Hedged Equity & Income Fund
Income Securities Trust

 

ICAP Bond  
Form 17-02-0949 (Ed. 1-97) Page 7

 


 

Investors Trust
Preferred Income Fund
Preferred Income Fund II
Preferred Income Fund III
Premium Dividend Fund
Tax-Advantaged Dividend Income Fund
Tax-Advantaged Global Shareholder Yield Fund
John Hancock Floating Rate High Income Fund
John Hancock Emerging Markets Income Fund
John Hancock Strategic Diversified Income Fund
 
 
 
 
This Endorsement applies to loss discovered after 12:01 a.m. on December 31, 2018.
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

 

Date: January 7, 2019 By  /s/ Paul N. Morrissette
    Authorized Representative

 

ICAP Bond  
Form 17-02-0949 (Ed. 1-97) Page 8

 


 

 
        FEDERAL INSURANCE COMPANY
        Endorsement No: 3
        Bond Number: 81906724
NAME OF ASSURED: JOHN HANCOCK 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 addre ss
    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 December 31, 2018.
 
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
 

 

Date: January 7, 2019 By  /s/ Paul N. Morrissette
    Authorized Representative

 

ICAP Bond  
Form 17-02-1360 (Rev. 10-99) Page 3

 


 

 
            FEDERAL INSURANCE COMPANY
            Endorsement No.: 4
            Bond Number: 81906724
 
 
 
NAME OF ASSURED: JOHN HANCOCK FUNDS  
UNAUTHORIZED SIGNATURE ENDORSEMENT
 
It is agreed that this Bond is amended as follows:  
   
1 . By adding the following INSURING CLAUSE:  
       
    12 . Unauthorized Signature  
        Loss resulting directly from the ASSURED having accepted, paid or cashed any check or
        Withdrawal Order made or drawn on or against the account of the ASSURED’S customer
        which bears the signature or endorsement of one other than a person whose name and
        signature is on file with the ASSURED as a signatory on such account.
         
        It shall be a condition precedent to the ASSURED'S right of recovery under this INSURING
        CLAUSE that the ASSURED shall have on file signatures of all the persons who are
        signatories on such account.  
           
2 . By adding to Section 1., Definitions, the following:  
       
    r.   Instruction means a written order to the issuer of an Uncertificated Security requesting that
        the transfer, pledge or release from pledge of the specified Uncertificated Security be
        registered.  
           
    s.   Uncertificated Security means a share, participation or other interest in property of or an
        enterprise of the issuer or an obligation of the issuer, which is:  
           
        (1)   not represented by an instrument and the transfer of which is registered on books
            maintained for that purpose by or on behalf of the issuer, and  
               
        (2)   of a type commonly dealt in on securities exchanges or markets, and
             
        (3)   either one of a class or series or by its terms divisible into a class or series of shares,
            participations, interests or obligations.  

 

ICAP Bond  
Form 17-02-5602 (Ed. 10-03) Page 1

 


 

t. Withdrawal Order means a non-negotiable instrument, other than an Instruction, signed by
  a customer of the ASSURED authorizing the ASSURED to debit the customer’s account in the
  amount of funds stated therein.
 
 
This Endorsement applies to loss discovered after 12:01 a.m. on December 31, 2018.
 
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
 

 

Date: January 7, 2019 By  /s/ Paul N. Morrissette
    Authorized Representative

 

ICAP Bond  
Form 17-02-5602 (Ed. 10-03) Page 2

 


 

 
        FEDERAL INSURANCE COMPANY
 
        Endorsement No.: 5
 
        Bond Number: 81906724
 
 
 
 
NAME OF ASSURED: JOHN HANCOCK FUNDS  
 
AUTOMATED TELEPHONE TRANSACTION ENDORSEMENT
 
It is agreed that this Bond is amended as follows:  
 
1 . By adding the following INSURING CLAUSE:  
 
    13. Automated Telephone System Transaction  
 
      Loss resulting directly from the ASSURED having transferred funds on the faith of any
      Automated Phone System (APS) Transaction, where the request for such APS
      Transaction is unauthorized or fraudulent and is made with the intent to deceive. In order for
      coverage to apply under this INSURING CLAUSE the ASSURED shall maintain and follow all
      APS Designated Procedures. A single failure of the ASSURED to maintain and follow a
      particular APS Designated Procedure in a particular APS Transaction will not preclude
      coverage under this INSURING CLAUSE.  
 
2 . By adding to Section 1., Definitions, the following:  
 
    u. APS Designated Procedures means all of the following procedures:  
             
      (1)    No APS Transaction shall be executed unless the shareholder or unitholder to whose account such an APS Transaction relates has previously elected to APS Transactions. (Election in Application)
 
      (2) All APS Transactions shall be logged or otherwise recorded and the records shall be retained for at least six (6) months. (Logging)
 
        Information contained in the records 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 percent.
         
      (3) The caller in any request for an APS Transaction, before executing that APS Transaction must enter a personal identification number (PIN), social security number and account number. (Identity Test)
 
        If the caller fails to enter a correct PIN within three (3) attempts, the caller must not be allowed additional attempts during the same telephone call to enter the PIN. The caller may either be instructed to redial a customer service representative or may be immediately connected to such a representative. (Limited attempts to Enter PIN)

 

ICAP Bond  
Form 17-02-2345 (Ed. 10-00) Page 1

 


 

      (4)   A written confirmation of any APS Transaction or change of address shall be mailed to the shareholder or unitholder to whose account such transaction relates, at the record address, by the end of the insured's next regular processing cycle, but in no event later than five (5) business days following such APS Transaction. (Written Confirmation)
 
      (5) Access to the equipment which permits the entity receiving the APS Transaction request to process and effect the transaction shall be limited in the following manner: (Access to APS Equipment)
 
    v. APS Election means any election concerning various account features available to the
      shareholder or unitholder which is made through the Automated Phone System by means of
      information transmitted by an individual caller through use of a Automated Phone System.
      These features include account statements, auto exchange, auto asset builder, automatic
      withdrawal, dividend/capital gain options, dividend sweep, telephone balance consent and
      change of address.
 
    w. APS Exchange means any exchange of shares or units in a registered account of one fund
      into shares or units in an account with the same tax identification number and same
      ownership-type code of another fund in the same complex pursuant to exchange privileges of
      the two funds, which exchange is requested through the Automated Phone System by
      means of information transmitted by an individual caller through use of an Automated Phone
      System.
 
    x. APS Purchase means any purchase of shares or units issued by an Investment Company
      which is requested through an Automated Phone System.
 
    y. APS Redemption means any redemption of shares or units issued by an Investment
      Company which it requested through the telephone by means of information transmitted by
      an individual caller through use of a Automated Phone System.
 
    z. APS Transaction means any APS Purchase, APS Redemption, APS Election or APS
      Exchange.
 
    aa. Automated Phone System means an automated system which receives and converts to
      executable instructions transmissions through the Automated Phone System through use of
      a touch-tone keypad or other tone system; and always excluding transmissions from a
      computer system or part thereof.
 
3 . By adding the following Section after Section 4., Specific Exclusions-Applicable To All Insuring
    Clauses Except 1., 4., 5.:
 
    Section 4.A Specific Exclusion-Applicable to Insuring Clause 13
 
    This Bond does not directly or indirectly cover under Insuring Clause 13:
 
    Loss resulting from:
 
    a. the redemption of shares or units, where the proceeds of such redemption are made payable
      to other than:
 
      (1) the shares or units of record,
      (2) a person designated to receive redemption proceeds, or
      (3) a bank account designated to receive redemption proceeds, or

 

ICAP Bond  
Form 17-02-2345 (Ed. 10-00) Page 2

 


 

b. the redemption of shares or units, where the proceeds of such redemption are paid by check mailed to any address, unless such address has either been designated the shareholder or unitholder by voice through an Automated Phone System or in writing, at least thirty (30) days prior to such redemption, or
 
c. the redemption of shares or units, where shareholder or unitholder of the ASSURED designated bank account of record.
 
 
This Endorsement applies to loss discovered after 12:01 a.m. on December 31, 2018.
 
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
 

 

Date: January 7, 2019 By  /s/ Paul N. Morrissette
    Authorized Representative

 

ICAP Bond  
Form 17-02-2345 (Ed. 10-00) Page 3

 


 

          FEDERAL INSURANCE COMPANY
 
          Endorsement No.: 6
 
          Bond Number: 81906724
 
 
 
 
NAME OF ASSURED: JOHN HANCOCK FUNDS  
 
TELEFACSIMILE INSTRUCTION FRAUD ENDORSEMENT
 
It is agreed that this Bond is amended as follows:  
 
1 . By adding the following INSURING CLAUSE:  
 
    14 . 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:  
 
    bb. 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 December 31, 2018.
 
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
 

 

Date: January 7, 2019 By  /s/ Paul N. Morrissette
    Authorized Representative

 

ICAP Bond  
Form 17-02-2367 (Rev. 10-03) Page 2

 


 

              FEDERAL INSURANCE COMPANY
              Endorsement No.: 7
              Bond Number: 81906724
 
 
NAME OF ASSURED: JOHN HANCOCK 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:  
         
      15 . 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 15  
         
      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 December 31, 2018.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

 

 

Date: January 7, 2019 By  /s/ Paul N. Morrissette
    Authorized Representative

 

ICAP Bond
Form 17-02-2365 (Ed. 10-00)


 

 
          FEDERAL INSURANCE COMPANY
 
          Endorsement No.: 8
 
          Bond Number: 81906724
 
 
 
 
NAME OF ASSURED: JOHN HANCOCK FUNDS  
 
EXTENDED COMPUTER SYSTEMS ENDORSEMENT
 
It is agreed that this Bond is amended as follows:  
1 . By adding the following INSURING CLAUSE:  
    16. 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 8,
          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:
 
    cc. 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.
 
    dd. 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.
       
    ee. 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.
       
    ff. Electronic Instruction means computer programs converted to a form usable in a Computer
      System to act upon Electronic Data.
 
    gg. 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 16
 
    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 December 31, 2018.
 
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
 

 

Date: January 7, 2019 By  /s/ Paul N. Morrissette
    Authorized Representative

 

ICAP2 Bond  
Form 17-02-2976 (Ed. 1-02) Page 4

 


 

          ENDORSEMENT/RIDER
Effective date of          
this endorsement/rider: December 31, 2018   FEDERAL INSURANCE COMPANY
        Endorsement/Rider No. 9
        To be attached to and  
        form a part of Bond No. 81906724
Issued to: JOHN HANCOCK 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:      
       
If the ASSURED, while this Bond is in force, establish new funds other than by consolidation or merger
with, purchase or acquisition of assets or liabilities of, another institution, such funds shall automatically
be covered hereunder from the date of establishment.  
   
If the ASSURED, while this Bond is in force, require an increase in limits to comply with SEC Reg. 17g -
1, due to an increase in assets, such increase shall automatically be covered hereunder from the date
of such increase, but only as excess coverage. Such excess coverage shall not exceed five million
dollars ($5,000,000) in additional limits and shall be excess of this Bond and of the following excess
Bond:          
Carrier:   ICI Mutual Insurance Company  
Bond Number   87142113 B    
Limits of Liability: $15,000,000      
Bond Period:   December 31, 2014 to December 31, 2015  
 
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.

 

    /s/ Paul N. Morrissette
    Authorized Representative

 

Q07-1972(08/2007)

Page 1


 

    ENDORSEMENT/RIDER
Effective date of    
this endorsement/rider: December 31, 2018 FEDERAL INSURANCE COMPANY
  Endorsement/Rider No. 10
  To be attached to and  
  form a part of Bond No. 81906724
Issued to: JOHN HANCOCK FUNDS    
 
AMEND DEFINITION OF EMPLOYEE ENDORSEMENT
 
In consideration of the premium charged, it is agreed that Section 1., Definitions, the term Employee is
amended to include the following:    
Any natural person while in the service of the ASSURED solely while performing sub-advisory
services for the ASSURED pursuant to a written contract.  
 
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.

 

    /s/ Paul N. Morrissette
    Authorized Representative

Q07-1957 (08/2007)

Page 1


 

        ENDORSEMENT/RIDER
Effective date of    
this endorsement/rider: December 31, 2018 FEDERAL INSURANCE COMPANY
      Endorsement/Rider No. 11
      To be attached to and  
      form a part of Bond No. 81906724
 
 
Issued to: JOHN HANCOCK 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.  

 

    /s/ Paul N. Morrissette
    Authorized Representative

17-02-2437 (12/2006) rev.

Page 1


 

        ENDORSEMENT/RIDER
Effective date of    
this endorsement/rider: December 31, 2018 FEDERAL INSURANCE COMPANY
      Endorsement/Rider No. 12
      To be attached to and  
      form a part of Policy No. 81906724
Issued to: JOHN HANCOCK FUNDS    
 
AMEND NAME OF ASSURED (NEW FUNDS) ENDORSEMENT
 
In consideration of the premium charged, is agreed that:  
   
1. The NAME OF ASSURED, as set forth on the DECLARATIONS of this Bond, shall include any newly
  created, merged, consolidated or terminated registered investment company sponsored by an ASSURED
  or any newly created portfolio of an ASSURED. Provided, however, that this provision shall not apply to
  a registered investment company that is created as a result of a merger, consolidation or acquisition with
  any other registered investment 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 Policy shall remain unchanged.

 

    /s/ Paul N. Morrissette
    Authorized Representative

Q09-1831 (11/2009)

Page 1


 

          ENDORSEMENT/RIDER
Effective date of    
this endorsement/rider: December 31, 2018 FEDERAL INSURANCE COMPANY
        Endorsement/Rider No. 13
        To be attached to and  
        form a part of Bond No. 81906724
Issued to: JOHN HANCOCK FUNDS    
 
AMEND DISCOVERY AND NOTICE ENDORSEMENT
 
  In consideration of the premium charged, it is agreed that this Bond is amended as follows:
 
(1 ) Section 6., Discovery, is deleted in its entirety and replaced it with the following:
     
    Discovery    
         
    This Bond applies only to loss first discovered by the President, General Counsel or Risk Manager of
    the ASSURED during the BOND PERIOD. Discovery occurs at the earlier of the President, General
    Counsel or Risk Manager 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.    
         
(2 ) Section 7., Notice to Company-Proof-Legal Proceedings Against Company, is amended by deleting
    paragraph a. and replacing it with the following:  
       
    a. The ASSURED shall give the COMPANY notice thereof at the earliest practicable moment, not to
      exceed sixty (60) days after discovery of loss by President, General Counsel or Risk Manager of
      the ASSURED, in an amount that is in excess of fifty percent (50%) of the applicable
      DEDUCTIBLE AMOUNT, as stated in ITEM 2. of the DECLARATIONS.
 
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.

 

    /s/ Paul N. Morrissette
    Authorized Representative

14-02-14521 (08/2008)

Page 1


 

        FEDERAL INSURANCE COMPANY
 
        Endorsement No. 14  
 
        Bond Number:   81906724  
 
NAME OF ASSURED: JOHN HANCOCK 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 $ 15,000,000 $ 0
2 . On Premises $ 15,000,000 $ 150,000
3 . In Transit $ 15,000,000 $ 150,000
4 . Forgery or Alteration $ 15,000,000 $ 150,000
5 . Extended Forgery $ 15,000,000 $ 150,000
6 . Counterfeit Money $ 15,000,000 $ 150,000
7 . Threats to Person $ 15,000,000 $ 150,000
8 . Computer System $ 15,000,000 $ 150,000
9 . Voice Initiated Funds Transfer Instruction $ 15,000,000 $ 150,000
10 . Uncollectible Items of Deposit $ 15,000,000 $ 150,000
11 . Audit Expense $ 150,000 $ 0
12 . Unauthorized Signature Endt $ 15,000,000 $ 150,000
13 . Automated Telephone Transaction Endt $ 15,000,000 $ 150,000
14 . Telefacimilie Instruction Fraud Endt $ 15,000,000 $ 150,000
15 . Stop Payment Order or Refusal To Pay Check Endt $ 15,000,000 $ 150,000
16 . Extended Computer Systems Endt $ 15,000,000 $ 150,000
 
 
This Endorsement applies to loss discovered after 12:01 a.m. on December 31, 2018.  
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.    

 

Date: January 7, 2019 By  /s/ Paul N. Morrissette
    Authorized Representative

 

ICAP Bond  
Form 17-02-1582 (Ed. 5-98) Page 1

 


 

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)


 

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)

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

 

1401 H St. NW

Washington DC 20005

 

INVESTMENT COMPANY BLANKET BOND

(EXCESS)

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

1401 H St. NW

Washington, DC 20005

 

DECLARATIONS

 

NOTICE

This policy is issued by your risk retention group. Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for your risk retention group.

 

Item 1. Name of Insured (the “Insured”) Bond Number:
  John Hancock Funds 87142118B
     
  Principal Office: Mailing Address:
  601 Congress Street C/O Aon Financial Services Group
  Boston, MA 02210 One Federal Street
    Boston, MA 02210

 

 
Item 2.Bond Period: from 12:01 a.m. on December 31, 2018, to 12:01 a.m. on December 31, 2019, or the earlier effective date of the termination of this Bond, standard time at the Principal Office as to each of said dates.

 

Item 3.Limit of Liability—

 

LIMIT OF LIABILITY DEDUCTIBLE AMOUNT 1
1.   EMPLOYEE $15,000,000 $15,000,000
2.   ON PREMISES $15,000,000 $15,000,000
3.   IN TRANSIT $15,000,000 $15,000,000
4.   FORGERY OR ALTERATION $15,000,000 $15,000,000
5.   EXTENDED FORGERY $15,000,000 $15,000,000
6.   COUNTERFEIT CURRENCY $15,000,000 $15,000,000
7.   THREATS TO PERSONS $15,000,000 $15,000,000
8.   COMPUTER SYSTEM $15,000,000 $15,000,000
9.   VOICE-INITIATED FUNDS TRANSFER INSTRUCTION $15,000,000 $15,000,000
10. UNCOLLECTIBLE ITEMS OF DEPOSIT $15,000,000 $15,000,000

1       Plus the applicable deductible of the Primary Bond

 

Item 4.PRIMARY BOND –Federal Insurance Company Bond No. 81906724

 

Item 5.The liability of ICI Mutual Insurance Company, a Risk Retention Group (the “Underwriter”) is subject to the terms of the following Riders attached hereto:

 

Riders: 1

 

and of all Riders applicable to this Bond issued during the Bond Period.

     

 

By:

 

/S/ Maggie Sullivan

 

 

By:

 

/S/ Samy S. Rabb

  Authorized Representative     Authorized Representative

 

Excess Bond (10/15)

 

NOTICE

 

This policy is issued by your risk retention group. Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for your risk retention group.

ICI Mutual Insurance Company, a Risk Retention Group (“Underwriter”), in consideration of the required premium, and in reliance on the application and all other information furnished to the Underwriter by the Insured, and subject to and in accordance with the Declarations, General Agreements, Provisions, Conditions and Limitations of this bond, agrees to indemnify the Insured for loss, discovered during the Bond Period, which would otherwise have been paid under the Primary Bond but for the fact that the loss exceeds the limit of liability of such Primary Bond. Coverage under this bond shall follow the terms and conditions of the Primary Bond, except with respect to:

a.Any coverage exceptions specified by riders attached to this bond;
b.The deductible amounts and limits of liability as stated in ITEM 3. of the Declarations; and
c.The General Agreements, Provisions, Conditions and Limitations set forth herein.

 

GENERAL AGREEMENTS

 

A.CHANGE OR MODIFICATION OF PRIMARY BOND

If after the inception date of this bond the Primary Bond is changed or modified, written notice of any such change or modification shall be given to the Underwriter as soon as practicable, not to exceed thirty (30) days after such change or modification, together with such information as the Underwriter may request. There shall be no coverage under this bond for any loss arising from or in any way related to such change or modification until such time as the Underwriter is advised of and specifically agrees by written endorsement to provide coverage for such change or modification.

B.LOSS--NOTICE--PROOF--LEGAL PROCEEDINGS

This bond is for the use and benefit only of the Insured and the Underwriter shall not be liable hereunder for loss sustained by anyone other than the Insured (except that if the Insured includes such other loss in the Insured’s proof of loss, the Underwriter shall consider its liability therefor.) As soon as practicable and not more than sixty (60) days after discovery of any loss covered hereunder, the Insured shall give the Underwriter written notice thereof and, as soon as practicable and within one year after such discovery, shall also furnish to the Underwriter affirmative proof of loss with full particulars. The Underwriter may extend the sixty day notice period or the one year proof of loss period if the Insured requests an extension and shows good cause therefor.

The Underwriter shall not be liable hereunder for loss of Securities unless each of the Securities is identified in such proof of loss by a certificate or bond number or by such identification means as the Underwriter may require. The Underwriter shall have a reasonable period after receipt of a proper affirmative proof of loss within which to investigate the claim, but where the loss is of Securities and is clear and undisputed, settlement shall be made within forty-eight (48) hours even if the loss involves Securities of which duplicates may be obtained.

The Insured shall not bring legal proceedings against the Underwriter to recover any loss hereunder prior to sixty (60) days after filing such proof of loss or subsequent to twenty-four (24) months after the discovery of such loss or, in the case of a legal proceeding to recover hereunder on account of

2
 

any judgment against the Insured in or settlement of any suit or to recover court costs or attorneys’ fees paid in any such suit, twenty-four (24) months after the date of the final judgment in or settlement of such suit. If any limitation in this bond is prohibited by any applicable law, such limitation shall be deemed to be amended to be equal to the minimum period of limitation permitted by such law.

Notice hereunder shall be given to Manager, Professional Liability Claims, ICI Mutual Insurance Company, 1401 H St. NW, Washington, DC 20005.

PROVISIONS, CONDITIONS AND LIMITATIONS

 

SECTION 1. DEFINITIONS

a.Deductible Amount means the amount stated in ITEM 3. of the Declarations, applicable to each Single Loss. In no event shall this Deductible Amount be reduced for any reason, including but not limited to, the non-existence, invalidity, insufficiency or uncollectibility of any Underlying Bond(s), including the insolvency or dissolution of any Insurer providing coverage under any Underlying Bond(s).
b.Primary Bond means the bond scheduled in ITEM 4. of the Declarations or any bond that may replace or substitute for such bond.
c.Single Loss means:
(1)all loss resulting from any one actual or attempted theft committed by one person, or
(2)all loss caused by any one act (other than a theft or a dishonest or fraudulent act) committed by one person, or
(3)all loss caused by dishonest or fraudulent acts committed by one person, or
(4)all expenses incurred with respect to any one audit or examination, or
(5)all loss caused by any one occurrence or event other than those specified in subsections (1) through (4) above.
d.Underlying Bond means the Primary Bond and all other insurance coverage referred to in ITEM 4. of the Declarations.

SECTION 2. SINGLE LOSS LIMIT OF LIABILITY

The Underwriter’s liability for each Single Loss shall not exceed the Limit of Liability as stated in ITEM 3. of the Declarations.

SECTION 3. DISCOVERY

For all purposes under this bond, a loss is discovered, and discovery of a loss occurs, when the Insured

(1)becomes aware of facts, or
(2)  receives 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 loss covered by this bond has been or is likely to be incurred even though the exact amount or details of loss may not be known.
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SECTION 4. ASSIGNMENT OF RIGHTS

Upon payment to the Insured hereunder for any loss, the Underwriter shall be subrogated to the extent of such payment to all of the Insured’s rights and claims in connection with such loss; provided, however, that the Underwriter shall not be subrogated to any such rights or claims one named Insured under this bond may have against another named Insured under this bond. At the request of the Underwriter, the Insured shall execute all assignments or other documents and take such action as the Underwriter may deem necessary or desirable to secure and perfect such rights and claims, including the execution of documents necessary to enable the Underwriter to bring suit in the name of the Insured.

Assignment of any rights or claims under this bond shall not bind the Underwriter without the Underwriter’s written consent.

SECTION 5. COOPERATION OF INSURED

At the Underwriter’s request and at reasonable times and places designated by the Underwriter the Insured shall:

a.submit to examination by the Underwriter and subscribe to the same under oath, and
b.produce for the Underwriter’s examination all pertinent records, and
c.cooperate with the Underwriter in all matters pertaining to the loss.

The Insured shall execute all papers and render assistance to secure for the Underwriter the rights and causes of action provided for under this bond. The Insured shall do nothing after loss to prejudice such rights or causes of action.

SECTION 6. TERMINATION

The Underwriter may terminate this bond as to any Insured or all Insureds only by written notice to such Insured or Insureds and, if this bond is terminated as to any investment company registered under the Investment Company Act of 1940, to each such investment company terminated thereby and to the Securities and Exchange Commission, Washington, D.C., in all cases not less than sixty (60) days prior to the effective date of termination specified in such notice.

The Insured may terminate this bond only by written notice to the Underwriter not less than sixty (60) days prior to the effective date of the termination specified in such notice. Notwithstanding the foregoing, when the Insured terminates this bond as to any investment company registered under the Investment Company Act of 1940, the effective date of termination shall be not less than sixty (60) days from the date the Underwriter provides written notice of the termination to each such investment company terminated thereby and to the Securities and Exchange Commission, Washington, D.C.

This bond will terminate as to any Insured entity that is not an investment company registered under the Investment Company Act of 1940 immediately and without notice upon (1) the takeover of such Insured’s business by any State or Federal official or agency, or by any receiver or liquidator, or (2) the filing of a petition under any State or Federal statute relative to bankruptcy or reorganization of the Insured, or assignment for the benefit of creditors of the Insured.

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Premiums are earned until the effective date of termination. The Underwriter shall refund the unearned premium computed at short rates in accordance with the Underwriter’s standard short rate cancellation tables if this bond is terminated by the Insured or pro rata if this bond is terminated by the Underwriter.

Upon the detection by any Insured that an employee (as defined in the Primary Bond) 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 two (2) business days 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 employee, becomes aware that the employee has committed any dishonest or fraudulent act(s) or theft.

This bond shall terminate as to any employee (as defined in the Primary Bond) by written notice from the Underwriter to each Insured and, if such employee is an employee of an Insured investment company registered under the Investment Company Act of 1940, to the Securities and Exchange Commission, in all cases not less than sixty (60) days prior to the effective date of termination specified in such notice.

SECTION 7. CONFORMITY

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.

SECTION 8. CHANGE OR MODIFICATION

This bond may only be modified by written Rider forming a part hereof over the signature of the Underwriter’s authorized representative. Any Rider which modifies the coverage provided by Insuring Agreement A, Fidelity (or the equivalent insuring agreement) of the Primary Bond in a manner which adversely affects the rights of an Insured investment company registered under the Investment Company Act of 1940 shall not become effective until at least sixty (60) days after the Underwriter has given written notice thereof to the Securities and Exchange Commission, Washington, D.C., and to each Insured investment company registered under the Investment Company Act of 1940 affected thereby.

SECTION 9. DEDUCTIBLE AMOUNT; LIMIT OF LIABILITY

The Underwriter shall not be liable under any Insuring Agreement unless the amount of the loss covered thereunder, after deducting the net amount of all reimbursement and/or recovery received by the Insured with respect to such loss (other than from the Primary Bond or from any other bond, suretyship or insurance policy), shall exceed the applicable Deductible Amount; in such case the Underwriter shall be liable only for such excess, subject to the applicable Limit of Liability and other agreements, provisions, conditions and limitations of this bond.

The maximum liability of the Underwriter for any Single Loss covered by any Insuring Agreement under this bond shall be the Limit of Liability applicable to such Insuring Agreement, subject to the

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applicable Deductible Amount and the other agreements, provisions, conditions and limitations of this bond.

SECTION 10. COMPLIANCE WITH APPLICABLE TRADE AND ECONOMIC SANCTIONS

This bond shall not be deemed to provide any coverage, and the Underwriter shall not be required to pay any loss or provide any benefit hereunder, to the extent that the provision of such coverage, payment of such loss or provision of such benefit would cause the Underwriter to be in violation of any applicable trade or economic sanctions, laws or regulations, including, but not limited to, any sanctions, laws or regulations administered and enforced by the U.S. Department of Treasury Office of Foreign Assets Control (OFAC).

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ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

 

INVESTMENT COMPANY BLANKET BOND

(EXCESS BOND)

 

RIDER NO. 1

 

INSURED BOND NUMBER

 

John Hancock Funds 87142118B
EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE

 

December 31, 2018 December 31, 2018 to December 31, 2019 /S/ Maggie Sullivan

 

Most property and casualty insurers, including ICI Mutual Insurance Company, a Risk Retention Group (“ICI Mutual”), are subject to the requirements of the Terrorism Risk Insurance Act of 2002, as amended (the “Act”). The Act establishes a federal insurance backstop under which ICI Mutual and these other insurers may be partially reimbursed by the United States Government for future “insured losses” resulting from certified “acts of terrorism.” (Each of these bolded terms is defined by the Act.) The Act also places certain disclosure and other obligations on ICI Mutual and these other insurers.

 

Pursuant to the Act, any future losses to ICI Mutual caused by certified “acts of terrorism” may be partially reimbursed by the United Sates government under a formula established by the Act. Under this formula, the United States government would generally reimburse ICI Mutual for the Federal Share of Compensation of ICI Mutual’s “insured losses” in excess of ICI Mutual’s “insurer deductible” until total “insured losses” of all participating insurers reach $100 billion (the “Cap on Annual Liability”). If total “insured losses” of all property and casualty insurers reach the Cap on Annual Liability in any one calendar year, the Act limits U.S. Government reimbursement and provides that the insurers will not be liable under their policies for their portions of such losses that exceed such amount. Amounts otherwise payable under this Bond may be reduced as a result.

 

This Bond has no express exclusion for “acts of terrorism.” However, coverage under this Bond remains subject to all applicable terms, conditions, and limitations of the Bond (including exclusions) that are permissible under the Act.

 

The portion of the premium that is attributable to any coverage potentially available under the Bond for “acts of terrorism” is one percent (1%) and does not include any charges for the portion of loss that may be covered by the U.S. Government under the Act

 

As used herein, “Federal Share of Compensation” shall mean 85% in calendar year 2015 and shall be reduced by 1% per calendar year until equal to 80%.

 

Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond.

 

RN0053.1-00 (07/18) sp

 
John Hancock Bond Trust John Hancock Investors Trust
John Hancock California Tax-Free Income Fund John Hancock Municipal Securities Trust
John Hancock Capital Series John Hancock Preferred Income Fund
John Hancock Collateral Trust John Hancock Preferred Income Fund II
John Hancock Current Interest John Hancock Preferred Income Fund III
John Hancock Emerging Markets Income Fund John Hancock Premium Dividend Fund
John Hancock Exchange-Traded-Fund Trust John Hancock Sovereign Bond Fund
John Hancock Financial Opportunities Fund John Hancock Strategic Diversified Income Fund
John Hancock Floating Rate High Income Fund John Hancock Strategic Series
John Hancock Funds II John Hancock Tax-Advantaged Dividend Income Fund
John Hancock Funds III John Hancock Tax-Advantaged Global Shareholder Yield Fund
John Hancock Hedged Equity & Income Fund John Hancock Variable Insurance Trust
John Hancock Income Securities Trust  
John Hancock Investment Trust  
John Hancock Investment Trust II  
John Hancock Investment Trust III  

 

(Collectively referred to as the “Trusts” and the series are collectively referred to as the “Funds”)

 

2018-2019 Joint Financial Institutions (Fidelity) Bond (the “Joint Bond”)

 

WHEREAS, Rule 17g-1 under the 1940 Act governs the required bonding of the Trusts’ officers and employees under a joint fidelity bond;

 

WHEREAS, the Trustees desire to approve the Joint Bond for a one- year term ending December 31, 2019; and

 

WHEREAS, the Trustees of the Trusts have considered the allocation of premiums for the Joint Bond among the John Hancock Trusts and have determined that the allocation should be based on the premium (including tax) of $113,706 it is:

 

RESOLVED, that the Joint Bond issued by Federal Insurance Company (Chubb), ICI Mutual Insurance Company and Continental Casualty Company, covering each officer and employee of the Trusts against larceny and embezzlement, in the amount of $35 million for a one-year term ending December 31, 2019, and in the proposed form presented at this meeting, after consideration of all factors deemed relevant by the Board, including, but not limited to: (i) the expected value of the aggregate assets of the Trusts to which any officer or employee of such Trusts may have access; (ii) the type and terms of the arrangements made for the custody and safekeeping of such assets; and (iii) the nature of the securities in the John Hancock Trusts’ portfolios, be, and it hereby is, determined to be reasonable in form and amount, and hereby approved;

 

FURTHER RESOLVED, that the portion of the premium for the Joint Bond to be paid by each Trust, in substantially the form presented at this Meeting, after consideration of all factors deemed relevant by the Board, including, but not limited to: (i) the number of the other parties named as insureds; (ii) the nature of the business activities of such other parties; (iii) the amount of the Joint Bond; (iv) the amount of the premium for such Joint Bond; (v) the ratable allocation of the premium among all parties named as insureds; and (vi) the extent to which the share of the premium allocated to each Trust is less than the premium such Trust would have had to pay if it had provided and maintained a single insured bond, be, and it hereby is, approved; and

 

FURTHER RESOLVED, that the appropriate officers of the Trusts be, and each hereby is, authorized to increase the amount of the Joint Bond coverage from time to time to ensure adequate coverage based upon the value of the Trusts’ assets and to enable the Trusts to remain in compliance with the 1940 Act and the rules promulgated thereunder;

 

FURTHER RESOLVED, that the Joint Insured Bond Agreement among the Trusts (the “Joint Bond Agreement”), in substantially the form presented at this Meeting, providing in substance that, in the event any recovery is received under the Joint Bond as a result of a loss sustained by the Trusts and any one or more other named insureds, the Trusts shall receive an equitable and proportionate share of the recovery, but in no event less than the amount it would have received had it provided and maintained a single bond with the minimum coverage required by paragraph (d)(1) of Rule 17g-1 under the 1940 Act, be, and it hereby is, approved;

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FURTHER RESOLVED, that the Secretary of the Trusts or his delegate be, and each hereby is, authorized to make all necessary filings and give all notices and information with respect to such Joint Bond and the Joint Bond Agreement required by paragraph (g) of Rule 17g-1 under the 1940 Act; and

 

FURTHER RESOLVED, that the appropriate officers of the Trusts be, and each hereby is, authorized to make any and all payments and to do any and all such further acts, in the name of the Trusts and on its behalf, as they, or any of them, may determine to be necessary or desirable and proper, with the advice of counsel, in connection with or in furtherance of the foregoing resolutions.

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Agreement Relating to Joint Insured Bond

 

WHEREAS, each of the parties hereto is a named insured under a “joint insured bond,” as that term is defined in Rule 17g-1 under the Investment Company Act of 1940 (the “1940 Act”); and

 

WHEREAS, Rule 17g-1(f) under the 1940 Act requires an agreement between all the named insureds under a joint insured bond;

 

NOW, THEREFORE, the parties hereto hereby agree as follows:

 

In the event recovery is received under the joint insured bond as a result of a loss sustained by any two or more of the named insureds, each insured shall receive an equitable and proportionate share of the recovery, but at least equal to the amount which it would have received had it provided and maintained a single insured bond with the minimum coverage required by paragraph (d)(1) of Rule 17g-1 under the 1940 Act.

 

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed on its behalf by the undersigned thereunto duly authorized on September 24, 2015.

 

JOHN HANCOCK VARIABLE INSURANCE TRUST

on behalf of each of its Series

 

JOHN HANCOCK FUNDS II

on behalf of each of its Series

 

John HANCOCK FUNDS III

on behalf of each of its series

 

JOHN HANCOCK BOND TRUST

on behalf of each of its series

 

JOHN HANCOCK CAPITAL SERIES

on behalf of each of its series

 

JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND

on behalf of each of its series

 

JOHN HANCOCK COLLATERAL TRUST

On behalf of each of its series

 

JOHN HANCOCK CURRENT INTEREST

on behalf of each of its series

 

JOHN HANCOCK INVESTMENT TRUST

on behalf of each of its series

 

JOHN HANCOCK INVESTMENT TRUST II

on behalf of each of its series

 

JOHN HANCOCK INVESTMENT TRUST III

on behalf of each of its series

 

JOHN HANCOCK MUNICIPAL SERIES TRUST

on behalf of each of its series

 

JOHN HANCOCK SOVEREIGN BOND FUND

on behalf of its of its series

 

JOHN HANCOCK STRATEGIC SERIES

on behalf of each of its series

 

JOHN HANCOCK EMERGING MARKETS INCOME FUND

on behalf of its of its series

 

JOHN HANCOCK EXCHANGE-TRADED FUND TRUST

on behalf of each of its series

 

JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND

on behalf of each of its series

 

JOHN HANCOCK FLOATING RATE HIGH INCOME FUND

On behalf of each of its series

 

JOHN HANCOCK HEDGED EQUITY & INCOME FUND

on behalf of each of its series

 

JOHN HANCOCK INCOME SECURITIES TRUST

on behalf of each of its series

 

JOHN HANCOCK INVESTORS TRUST

on behalf of each of its series

 

JOHN HANCOCK PREFERRED INCOME FUND

on behalf of each of its series

 

JOHN HANCOCK PREFERRED INCOME FUND II

on behalf of each of its series

 

JOHN HANCOCK PREFERRED INCOME FUND III

on behalf of each of its series

 

JOHN HANCOCK PREMIUM DIVIDEND FUND

on behalf of each of its series

 

JOHN HANCOCK STRATEGIC DIVERSIFIED INCOME FUND

on behalf of each if its series

 

JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND

on behalf of each of its series

 

JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND

on behalf of each of its series

 

Executed on behalf of each Trust and its relevant Series referenced above:
By: /s/ Betsy Anne Seel      
Name: Betsy Anne Seel      
Title: Assistant Secretary      
 

STATEMENT REGARDING SINGLE BOND AMOUNT

 

If the investment companies shown below had not been named as an insured under this joint insured bond, they would have provided and maintained a single bond in the amount of at least:

 

John Hancock Bond Trust $1,700,000
John Hancock California Tax-Free Income Fund $600,000
John Hancock Capital Series $2,100,000
John Hancock Collateral Trust $1,700,000
John Hancock Current Interest $900,000
John Hancock Emerging Markets Income Fund $50,000
John Hancock Exchange-Traded Fund Trust $1,900,000
John Hancock Financial Opportunities Fund $900,000  
John Hancock Floating Rate High Income Fund $50,000
John Hancock Funds II $2,500,000
John Hancock Funds III $2,500,000
John Hancock Hedged Equity & Income Fund $600,000
John Hancock Income Securities Trust $750,000
John Hancock Investment Trust $2,500,000
John Hancock Investment Trust II $1,900,000
John Hancock Investment Trust III $350,000
John Hancock Investors Trust $600,000
John Hancock Municipal Securities Trust $900,000
John Hancock Preferred Income Fund $1,000,000
John Hancock Preferred Income Fund II $900,000
John Hancock Preferred Income Fund III $1,000,000
John Hancock Premium Dividend Fund $1,250,000
John Hancock Sovereign Bond Fund $2,500,000
John Hancock Strategic Diversified Income Fund $50,000
John Hancock Strategic Series $1,700,000
John Hancock Tax-Advantaged Dividend Income Fund $1,250,000
John Hancock Tax-Advantaged Global Shareholder Yield Fund $450,000
John Hancock Variable Insurance Trust $2,500,000

 

 

PREMIUM PERIOD

 

Premiums have been paid for the period December 31, 2018 to December 31, 2019.