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(LOGO) Administrative Offices SR F9808 (Ed. 08 95)
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
INVESTMENT COMPANY BOND
GREAT AMERICAN INSURANCE COMPANY
(A Stock Insurance Company, Herein Called the Underwriter)
DECLARATIONS Bond No. FS 3147982 05 00
ITEM 1. Name of Insured (herein called Insured): Voya Family of Funds f/k/a ING
Family of Funds
Principal Address: 7337 E. Doubletree Ranch Rd,
Suite 100
Scottsdale, AZ 85258
ITEM 2. Bond Period from 12:01 a.m. 10/01/2015 to 12:01 a.m. 10/01/2016 the
effective date of the termination or cancellation of this Bond,
standard time at the Principal Address as to each of said dates.
ITEM 3. Limit of Liability - Subject to Sections 9, 10 and 12 hereof,
Amount applicable to
Limit of Liability Deductible
------------------ ----------
Insuring Agreement (A)-FIDELITY $ 40,000,000 $ 25,000
Insuring Agreement (B)-ON PREMISES $ 40,000,000 $ 25,000
Insuring Agreement (C)-IN TRANSIT $ 40,000,000 $ 25,000
Insuring Agreement (D)-FORGERY OR ALTERATION $ 40,000,000 $ 25,000
Insuring Agreement (E)-SECURITIES $ 40,000,000 $ 25,000
Insuring Agreement (F)-COUNTERFEIT CURRENCY $ 40,000,000 $ 25,000
Insuring Agreement (G)-STOP PAYMENT $ 250,000 $ 5,000
Insuring Agreement (H)-UNCOLLECTIBLE ITEMS OF DEPOSIT $ 250,000 $ 5,000
Insuring Agreement (I)-AUDIT EXPENSE $ 250,000 $ 5,000
Insuring Agreement (J)-TELEFACSIMILE TRANSMISSIONS $ 40,000,000 $ 25,000
Insuring Agreement (K)-UNAUTHORIZED SIGNATURES $ 250,000 $ 5,000
Optional Insuring Agreements and Coverages
Insuring Agreement (L)-COMPUTER SYSTEMS $ 40,000,000 $ 25,000
Insuring Agreement (M)-AUTOMATED PHONE SYSTEMS $ 40,000,000 $ 25,000
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If "Not Covered" is inserted above opposite any specified Insuring
Agreement or Coverage, such Insuring Agreement or Coverage and any
other reference thereto in this Bond shall be deemed to be deleted
therefrom.
ITEM 4. Offices or Premises Covered-Offices acquired or established subsequent
to the effective date of this Bond are covered according to the terms
of General Agreement A. All the Insured's offices or premises in
existence at the time this Bond becomes effective are covered under
this Bond except the offices or premises located as follows:
N/A
ITEM 5. The liability of the Underwriter is subject to the terms of the
following Riders attached hereto:
See Form FI8801
ITEM 6. The Insured by the acceptance of this Bond gives to the Underwriter
terminating or cancelling prior Bond(s) or Policy(ies) No.(s)
FS 3147982 04
such termination or cancellation to be effective as of the time this
Bond becomes effective.
MEFS1131 (Ed. 03/11)
SR F9808 (Ed. 08/95)
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(LOGO) Administrative Offices SR F9808 (Ed. 08 95)
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
INVESTMENT COMPANY BOND
The Underwriter, in consideration of an agreed premium, and subject to the
Declarations made a part hereof, the General Agreements, Conditions and
Limitations and other terms of this Bond, agrees with the Insured, in accordance
with Insuring Agreements hereof to which an amount of insurance is applicable as
set forth in Item 3 of the Declarations and with respect to loss sustained by
the Insured at any time but discovered during the Bond period, to indemnify and
hold harmless the Insured for:
INSURING AGREEMENTS
(A) FIDELITY
Loss resulting from any dishonest or fraudulent act(s), including Larceny
or Embezzlement committed by an Employee, committed anywhere and whether
committed alone or in collusion with others, including loss of Property
resulting from such acts of an Employee, which Property is held by the
Insured for any purpose or in any capacity and whether so held
gratuitously or not and whether or not the Insured is liable therefor.
Dishonest or fraudulent act(s) as used in this Insuring Agreement shall
mean only dishonest or fraudulent act(s) committed by such Employee with
the manifest intent:
(A) to cause the Insured to sustain such loss; and
(B) to obtain financial benefit for the Employee, or for any other
person or organization intended by the Employee to receive such
benefit, other than salaries, commissions, fees, bonuses,
promotions, awards, profit sharing, pensions or other employee
benefits earned in the normal course of employment.
(B) ON PREMISES
Loss of Property (occurring with or without negligence or violence)
through robbery, burglary, Larceny, theft, holdup, or other fraudulent
means, misplacement, mysterious unexplainable disappearance, damage
thereto or destruction thereof, abstraction or removal from the
possession, custody or control of the Insured, and loss of subscription,
conversion, redemption or deposit privileges through the misplacement or
loss of Property, while the Property is (or is supposed or believed by the
Insured to be) lodged or deposited within any offices or premises located
anywhere, except in an office listed in Item 4 of the Declarations or
amendment thereof or in the mail or with a carrier for hire other than an
armored motor vehicle company, for the purpose of transportation.
OFFICES AND EQUIPMENT
(1) Loss of or damage to furnishings, fixtures, stationary, supplies or
equipment, within any of the Insured's offices covered under this
Bond caused by Larceny or theft in, or by burglary, robbery or
hold-up of such office, or attempt thereat, or by vandalism or
malicious mischief; or
(2) loss through damage to any such office by Larceny or theft in, or by
burglary, robbery or hold-up of such office or attempt thereat.
(C) IN TRANSIT
Loss of Property (occurring with or without negligence or violence)
through robbery, Larceny, theft, hold-up, misplacement, mysterious
unexplainable disappearance, being lost or otherwise made away with,
damage thereto or destruction thereof, and loss of subscription,
conversion, redemption or deposit privileges through the misplacement or
loss of Property, while the Property is in transit anywhere in the custody
of any person or persons acting as messenger, except while in the mail or
with a carrier for hire, other than an armored motor vehicle company, for
the purpose of transportation, such transit to begin immediately upon
receipt of such Property by the transporting person or persons, and to end
immediately upon delivery thereof at destination.
(D) FORGERY OR ALTERATION
Loss through FORGERY or ALTERATION of, on or in any bills of exchange,
checks, drafts, acceptances, certificates of deposit, promissory notes, or
other written promises, orders or directions to pay sums certain in money
due bills, money orders, warrants, orders upon public treasuries, letters
of credit, written instructions, advices or applications directed to the
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Insured, authorizing or acknowledging the transfer, payment, delivery or
receipt of funds or Property, which instructions or advices or
applications purport to have been signed or endorsed by any customer of
the Insured, shareholder or subscriber to shares, whether certificated or
uncertificated, of any Investment Company or by any financial or banking
institution or stock-broker but which instructions, advices or
applications either bear the forged signature or Endorsement or have been
altered without the knowledge and consent of such customer, shareholder or
subscriber to shares, whether certificated or uncertificated, of an
Investment Company, financial or banking institution or stockbroker,
withdrawal orders or receipts for the withdrawal of funds or Property, or
receipts or certificates of deposit for Property and bearing the name of
the Insured as issuer, or of another Investment Company for which the
Insured acts as agent, excluding, however, any loss covered under Insuring
Agreement (F) hereof whether or not coverage for Insuring Agreement (F) is
provided for in the Declarations of this Bond.
Any check or draft (A) made payable to a fictitious payee and endorsed in
the name of such fictitious payee or (B) procured in a transaction with
the maker or drawer thereof or with one acting as an agent of such maker
or drawer or anyone impersonating another and made or drawn payable to the
one so impersonated and endorsed by anyone other than the one
impersonated, shall be deemed to be forged as to such Endorsement.
Mechanically reproduced facsimile signatures are treated the same as
handwritten signatures.
(E) SECURITIES
Loss sustained by the Insured, including loss sustained by reason of a
violation of the constitution, by-laws, rules or regulations of any Self
Regulatory Organization of which the Insured is a member or which would
have been imposed upon the Insured by the constitution, by-laws, rules or
regulations of any Self Regulatory Organization if the Insured had been a
member thereof,
(1) through the Insured's having, in good faith and in the course of
business, whether for its own account or for the account of others,
in any representative, fiduciary, agency or any other capacity,
either gratuitously or otherwise, purchased or otherwise acquired,
accepted or received, or sold or delivered, or given any value,
extended any credit or assumed any liability, on the faith of, or
otherwise acted upon, any securities, documents or other written
instruments which prove to have been
(A) counterfeited, or
(B) forged as to the signature of any maker, drawer, issuer,
endorser, assignor, lessee, transfer agent or registrar,
acceptor, surety or guarantor or as to the signature of any
person signing in any other capacity, or
(C) raised or otherwise altered, or lost, or stolen, or
(2) through the Insured's having, in good faith and in the course of
business, guaranteed in writing or witnessed any signatures whether
for valuable consideration or not and whether or not such
guaranteeing or witnessing is ultra vires the Insured, upon any
transfers, assignments, bills of sale, powers of attorney,
guarantees, Endorsements or other obligations upon or in connection
with any securities, documents or other written instruments and
which pass or purport to pass title to such securities, documents or
other written instruments; EXCLUDING, losses caused by FORGERY or
ALTERATION of, on or in those instruments covered under Insuring
Agreement (D) hereof.
Securities, documents or other written instruments shall be deemed to mean
original (including original counterparts) negotiable or non-negotiable
agreements which in and of themselves represent an equitable interest,
ownership, or debt, including an assignment thereof which instruments are
in the ordinary course of business, transferable by delivery of such
agreements with any necessary Endorsement or assignment.
The word "counterfeited" as used in this Insuring Agreement shall be
deemed to mean any security, document or other written instrument which is
intended to deceive and to be taken for an original.
Mechanically reproduced facsimile signatures are treated the same as
handwritten signatures.
(F) COUNTERFEIT CURRENCY
Loss through the receipt by the Insured, in good faith, of any
counterfeited money orders or altered paper currencies or coin of the
United States of America or Canada issued or purporting to have been
issued by the United States of America or Canada or issued pursuant to a
United States of America or Canadian statute for use as currency.
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(G) STOP PAYMENT
Loss against any and all sums which the Insured shall become obligated to
pay by reason of the Liability imposed upon the Insured by law for
damages:
For having either complied with or failed to comply with any written
notice of any customer, shareholder or subscriber of the Insured or
any Authorized Representative of such customer, shareholder or
subscriber to stop payment of any check or draft made or drawn by
such customer, shareholder or subscriber or any Authorized
Representative of such customer, shareholder or subscriber, or
For having refused to pay any check or draft made or drawn by any
customer, shareholder or subscriber of the Insured, or any
Authorized Representative of such customer, shareholder or
subscriber.
(H) UNCOLLECTIBLE ITEMS OF DEPOSIT
Loss resulting from payments of dividends or fund shares, or withdrawals
permitted from any customer's, shareholder's or subscriber's account based
upon Uncollectible items of Deposit of a customer, shareholder or
subscriber credited by the Insured or the Insured's agent to such
customer's, shareholder's or subscriber's Mutual Fund Account: or
loss resulting from any item of Deposit processed through an Automated
Clearing House which is reversed by the customer, shareholder or
subscriber and deemed uncollectible by the Insured.
Loss includes dividends and interest accrued not to exceed 15% of the
Uncollectible items which are deposited.
This Insuring Agreement applies to all Mutual Funds with "exchange
privileges" if all Fund(s) in the exchange program are insured by a Great
American Insurance Company of Cincinnati, OH for Uncollectible Items of
Deposit. Regardless of the number of transactions between Fund(s) the
minimum number of days of deposit within the Fund(s) before withdrawal as
declared in the Fund(s) prospectus shall begin from the date a deposit was
first credited to any Insured Fund(s).
(I) AUDIT EXPENSE
Expense incurred by the Insured for that part of the costs of audits or
examinations required by any governmental regulatory authority to be
conducted either by such authority or by an independent accountant by
reason of the discovery of loss sustained by the Insured through any
dishonest or fraudulent act(s), including Larceny or Embezzlement of any
of the Employees. The total liability of the Underwriter for such expense
by reason of such acts of any Employee or in which such Employee is
concerned or implicated or with respect to any one audit or examination is
limited to the amount stated opposite Audit Expense in Item 3 of the
Declarations; it being understood, however, that such expense shall be
deemed to be a loss sustained by the Insured through any dishonest or
fraudulent act(s), including Larceny or Embezzlement of one or more of the
Employees and the liability under this paragraph shall be in addition to
the Limit of Liability stated in Insuring Agreement (A) in Item 3 of the
Declarations.
(J) TELEFACSIMILE TRANSMISSIONS
Loss resulting by reason of the Insured having transferred, paid or
delivered any funds or Property, established any credit, debited any
account, or given any value relying on any fraudulent instructions sent by
a customer or financial institution by Telefacsimile Transmission directed
to the Insured, authorizing or acknowledging the transfer, payment, or
delivery of funds or property, the establishment of a credit, debiting of
any account, or the giving of value by the Insured, but only if such
telefacsimile instructions:
(i) bear a valid test key exchanged between the Insured 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
(ii) fraudulently purport to have been sent by such customer or financial
institution, but which telefacsimile instructions are 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 forged signature.
MEFS1132 (Ed. 03/11)
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"Telefacsimile" means a system of transmitting written documents by
electronic signals over telephone lines to equipment maintained by
the Insured within its communication room for the purposes of
reproducing a copy of said document. It does not mean electronic
communication sent by Telex, TWC, or electronic mail, or Automated
Clearing House.
(K) UNAUTHORIZED SIGNATURES
Loss resulting directly from the Insured having accepted, paid or cashed
any check or withdrawal order, draft, made or drawn on a customer's
account which bears the signature or Endorsement of one other than a
person whose name and signature is on the application on file with the
Insured as a signatory on such account.
IT SHALL BE A CONDITION PRECEDENT TO THE INSURED'S RIGHT TO RECOVERY UNDER
THIS INSURING AGREEMENT THAT THE INSURED SHALL HAVE ON FILE SIGNATURES OF
ALL PERSONS WHO ARE AUTHORIZED SIGNATORIES ON SUCH ACCOUNT.
GENERAL AGREEMENTS
(A) ADDITIONAL OFFICES OR EMPLOYEES-CONSOLIDATION OR MERGER-NOTICE
(1) If the Insured shall, while this Bond is in force, establish any
additional office or offices, such office or offices shall be
automatically covered hereunder from the dates of their
establishment, respectively. No notice to the Underwriter of an
increase during any premium period in the number of offices or in
the number of Employees at any of the offices covered hereunder need
be given and no additional premium need be paid for the remainder of
such premium period.
(2) If an Investment Company, named as Insured herein, shall, while this
Bond is in force, merge or consolidate with, or purchase the assets
of another institution, coverage for such acquisition shall apply
automatically from the date of acquisition. The Insured shall notify
the Underwriter of such acquisition within 60 days of said date, and
an additional premium shall be computed only if such acquisition
involves additional offices or employees.
(B) WARRANTY
No statement made by or on behalf of the Insured, whether contained in the
application or otherwise, shall be deemed to be a warranty of anything
except that it is true to the best of the knowledge and belief of the
person making the statement.
(C) COURT COSTS AND ATTORNEYS FEES (APPLICABLE TO ALL INSURING AGREEMENTS OR
COVERAGES NOW OR HEREAFTER FORMING PART OF THIS BOND)
The Underwriter will Indemnify the Insured against court costs and
reasonable attorneys' fees incurred and paid by the Insured in defense,
whether or not successful, whether or not fully litigated on the merits
and whether or not settled of any suit or legal proceeding brought against
the Insured to enforce the Insured's liability or alleged liability on
account of any loss, claim or damage which, if established against the
Insured, would constitute a loss sustained by the Insured covered under
the terms of this Bond provided, however, that with respect to Insuring
Agreement (A) this indemnity shall apply only in the event that
(1) an Employee admits to being guilty of any dishonest or fraudulent
act(s), including Larceny or Embezzlement; or
(2) an Employee is adjudicated to be guilty of any dishonest or
fraudulent act(s), including Larceny or Embezzlement;
(3) in the absence of (1) or (2) above an arbitration panel agrees,
after a review of an agreed statement of facts, that an Employee
would be found guilty of dishonesty if such Employee were
prosecuted.
The Insured shall promptly give notice to the Underwriter of any such suit
or legal proceeding and at the request of the Underwriter shall furnish it
with copies of all pleadings and other papers therein. At the
Underwriter's election the Insured shall permit the Underwriter to conduct
the defense of such suit or legal proceeding, in the Insured's name,
through attorneys of the Underwriter's selection. In such event, the
Insured shall give all reasonable information and assistance which the
Underwriter shall deem necessary to the proper defense of such suit or
legal proceeding.
If the Insured's liability or alleged liability is greater than the amount
recoverable under this Bond, or if a Deductible Amount is applicable, the
liability of the
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Underwriter under this General Agreement is limited to that percentage of
litigation expense determined by pro ration of the Bond limit of liability
to the amount claimed, after the application of any deductible. This
litigation expense will be in addition to the Limit of Liability for the
applicable Insuring Agreement.
(D) FORMER EMPLOYEE
Acts of Employee, as defined in this Bond, are covered under Insuring
Agreement (A) only while the Employee is in the Insured's employ. Should
loss involving a former Employee of the Insured be discovered subsequent
to the termination of employment, coverage would still apply under
Insuring Agreement (A) if the direct proximate cause of the loss occurred
while the former Employee performed duties within the scope of his/her
employment.
THE FOREGOING INSURING AGREEMENTS AND
GENERAL AGREEMENTS ARE SUBJECT TO
THE FOLLOWING CONDITIONS AND
LIMITATIONS:
SECTION 1. DEFINITIONS
The following terms, as used in this Bond, shall have he respective meanings
stated in this Section:
(A) Employee" means:
(1) any of the Insured's officers, partners, or employees, and
(2) any of the officers or employees of any predecessor of the
Insured whose principal assets are acquired by the Insured by
consolidation or merger with, or purchase of assets of capital
stock of such predecessor, and
(3) attorneys retained by the Insured to perform legal services
for the Insured and the employees of such attorneys while such
attorneys or the employees of such attorneys are performing
such services for the Insured, and
(4) guest students pursuing their studies or duties in any of the
Insured's offices, and
(5) directors or trustees of the Insured, the investment advisor,
underwriter (distributor), transfer agent, or shareholder
accounting record keeper, or administrator authorized by
written agreement to keep financial and/or other required
records, but only while performing acts coming within the
scope of the usual duties of an officer or employee or while
acting as a member of any committee duly elected or appointed
to examine or audit or have custody of or access to the
Property of the Insured, and
(6) any individual or individuals assigned to perform the usual
duties of an employee within the premises of the Insured by
contract, or by any agency furnishing temporary personnel on a
contingent or part-time basis, and
(7) each natural person, partnership or corporation authorized by
written agreement with the Insured to perform services as
electronic data processor of checks or other accounting
records of the Insured, but excluding any such processor who
acts as transfer agent or in any other agency capacity in
issuing checks, drafts or securities for the Insured, unless
included under Sub-section (9) hereof, and
(8) those persons so designated in section 15, Central Handling of
Securities, and
(9) any officer, partner or Employee of
(A) an investment advisor,
(B) an underwriter (distributor),
(C) a transfer agent or shareholder accounting
record-keeper, or
(D) an administrator authorized by written agreement to keep
financial and/or other required records, for an
Investment Company named as Insured, while
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performing acts coming within the scope of the usual
duties of an officer or Employee of any Investment
Company named as Insured herein, or while acting as a
member of any committee duly elected or appointed to
examine or audit or have custody of or access to the
Property of any such Investment Company, provided that
only Employees or partners of a transfer agent,
shareholder accounting record-keeper or administrator
which is an affiliated person as defined in the
Investment Company Act of 1940, of an Investment Company
named as Insured or is an affiliated person of the
adviser, underwriter or administrator of such Investment
Company, and which is not a bank, shall be included
within the definition of Employee.
Each employer of temporary personnel or processors as
set forth in Sub-Sections (6) and (7) of Section 1 (a)
and their partners, officers and employees shall
collectively be deemed to be one person for all the
purposes of this Bond, excepting, however, the last
paragraph of Section 13. Brokers, or other agents under
contract or representatives of the same general
character shall not be considered Employees.
(B) "Property" means money (i.e. currency, coin, bank notes, Federal
Reserve notes), postage and revenue stamps, U.S. Savings Stamps,
bullion, precious metals of all kinds and in any form and articles
made therefrom, jewelry, watches, necklaces, bracelets, gems,
precious and semi-precious stones, Bonds, securities, evidences of
debts, debentures, scrip, certificates, interim receipts, warrants,
rights, puts, calls, straddles, spreads, transfers, coupons, drafts,
bills of exchange, acceptances, notes, checks, withdrawal orders,
money orders, warehouse receipts, bills of lading, conditional sales
contracts, abstracts of title, insurance Policies, deeds, mortgages
under real estate and/or chattels and upon interests therein, and
assignments of such Policies, mortgages and instruments, and other
valuable papers, including books of account and other records used
by the Insured in the conduct of its business, and all other
instruments similar to or in the nature of the foregoing including
Electronic Representations of such Instruments enumerated above (but
excluding all data processing records) in which the Insured has an
interest or in which the Insured acquired or should have acquired an
interest by reason of a predecessor's declared financial condition
at the time of the Insured's consolidation or merge with, or
purchase of the principal assets of, such predecessor or which are
held by the Insured for any purpose or in any capacity and whether
so held by the Insured for any purpose or in any capacity and
whether so held gratuitously or not and whether or not the Insured
is liable therefor.
(C) "Forgery" means the signing of the name of another with the intent
to deceive; it does not include the signing of ones own name with or
without authority, in any capacity, or for any purpose.
(D) "Larceny and Embezzlement" as it applies to any named Insured means
those acts as set forth in Section 37 of the Investment Company Act
of 1940.
(E) "Items of Deposit" means any one or more checks and drafts.
SECTION 2. EXCLUSIONS
THIS BOND DOES NOT COVER:
(A) loss effected directly or indirectly by means of forgery or
alteration of, on or in any instrument, except when covered by
Insuring Agreement (A), (D), (E) or (F).
(B) loss due to riot or civil commotion outside the United States of
America and Canada; or loss due to military, naval or usurped power,
war or insurrection unless such loss occurs in transit in the
circumstances recited in Insuring Agreement (D), and unless, when
such transit was initiated, there was no knowledge of such riot,
civil commotion, military, naval or usurped power, war or
insurrection on the part of any person acting for the Insured in
initiating such transit.
(C) loss, in time of peace or war, directly or indirectly caused by or
resulting from the effects of nuclear fission or fusion or
radioactivity; provided, however, that this paragraph shall not
apply to loss resulting from industrial uses of nuclear energy.
(D) loss resulting from any wrongful act or acts of any person who is a
member of the Board of Directors of the Insured or a member of any
equivalent body by whatsoever name known unless such person is
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also an Employee or an elected official, partial owner or partner of
the Insured in some other capacity, nor, in any event, loss
resulting from the act or acts of any person while acting in the
capacity of a member of such Board or equivalent body.
(E) loss resulting from the complete or partial nonpayment of, or
default upon, any loan or transaction in the nature of, or amounting
to, a loan made by or obtained from the Insured or any of its
partners, directors or Employees, whether authorized or unauthorized
and whether procured in good faith or through trick, artifice, fraud
or false pretenses, unless such loss is covered under Insuring
Agreement (A), (E) or (F).
(F) loss resulting from any violation by the Insured or by any Employee
(1) of law regulating (A) the issuance, purchase or sale of
securities, (B) securities transactions upon Security
Exchanges or over the counter market, (C) Investment
Companies, or (D) Investment Advisors, or
(2) of any rule or regulation made pursuant to any such law.
unless such loss, in the absence of such laws, rules or regulations,
would be covered under Insuring Agreements (A) or (E).
(G) loss of Property or loss of privileges through the misplacement or
loss of Property as set forth in Insuring Agreement (C) or (D) while
the Property is in the custody of any armored motor vehicle company,
unless such loss shall be in excess of the amount recovered or
received by the Insured under (A) the Insured's contract with said
armored motor vehicle company, (B) insurance carried by said armored
motor vehicle company for the benefit of users of its service, and
(C) all other insurance and indemnity in force in whatsoever form
carried by or for the benefit of users of said armored motor vehicle
company's service, and then this Bond shall cover only such excess.
(H) potential income, including but not limited to interest and
dividends, not realized by the Insured because of a loss covered
under this Bond, except as included under Insuring Agreement (I).
(I) all damages of any type for which the Insured is legally liable,
except direct compensatory damages arising from a loss covered under
this Bond.
(J) loss through the surrender of Property away from an office of the
Insured as a result of a threat
(1) to do bodily harm to any person, except loss of Property in
transit in the custody of any person acting as messenger
provided that when such transit was initiated there was no
knowledge by the Insured of any such threat, or
(2) to do damage to the premises or Property of the Insured,
except when covered under Insuring Agreement (A).
(K) all costs, fees and other expenses incurred by the Insured in
establishing the existence of or amount of loss covered under this
Bond unless such indemnity is provided for under Insuring Agreement
(I).
(L) loss resulting from payments made or withdrawals from the account of
a customer of the Insured, shareholder or subscriber to shares
involving funds erroneously credited to such account, unless such
payments are made to or withdrawn by such depositor or
representative of such person, who is within the premises of the
drawee bank of the Insured or within the office of the Insured at
the time of such payment or withdrawal or unless such payment is
covered under Insuring Agreement (A).
(M) any loss resulting from Uncollectible Items of Deposit which are
drawn from a financial institution outside the fifty states of the
United States of America, District of Columbia, and territories and
possessions of the United States of America, and Canada.
SECTION 3. ASSIGNMENT OF RIGHTS
This Bond does not afford coverage in favor of any Employers of temporary
personnel or of processors as set forth in sub-sections (6) and (7) of Section
1(A) of this Bond, as aforesaid, and upon payment to the insured by the
Underwriter on account of any loss through dishonest or fraudulent act(s)
including Larceny or Embezzlement committed by any of the partners, officers or
employees of such Employers, whether acting alone or in collusion with others,
an assignment of such of the Insured's rights and causes of action as it may
have against such Employers by reason of such acts so committed shall, to the
extent of
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such payment, be given by the Insured to the Underwriter, and the Insured shall
execute all papers necessary to secure to the Underwriter the rights herein
provided for.
SECTION 4. LOSS-NOTICE-PROOF-LEGAL PROCEEDINGS
This Bond is for the use and benefit only of the Insured named in the
Declarations and the Underwriter shall not be liable hereunder for loss
sustained by anyone other than the Insured unless the Insured, in its sole
discretion and at its option, shall include such loss in the Insured's proof of
loss. At the earliest practicable moment after discovery of any loss hereunder
the Insured shall give the Underwriter written notice thereof and shall also
within six months after such discovery furnish to the Underwriter affirmative
proof of loss with full particulars. If claim is made under this Bond for loss
of securities or shares, the Underwriter shall not be liable unless each of such
securities or shares is identified in such proof of loss by a certificate or
Bond number or, where such securities or shares are uncertificated, by such
identification means as agreed to by the Underwriter. The Underwriter shall have
thirty days after notice and proof of loss within which to investigate the
claim, and this shall apply notwithstanding the loss is made up wholly or in
part of securities of which duplicates may be obtained. Legal proceedings for
recovery of any loss hereunder shall not be brought prior to the expiration of
sixty days after such proof of loss is filed with the Underwriter nor after the
expiration of twenty-four months from the discovery of such loss, except that
any action or proceeding to recover hereunder on account of any judgment against
the Insured in any suit mentioned in General Agreement C or to recover
attorneys' fees paid in any such suit, shall be begun within twenty-four months
from the date upon which the judgment in such suit shall become final. If any
limitation embodied in this Bond is prohibited by any law controlling the
construction hereof, such limitation shall be deemed to be amended so as to be
equal to the minimum period of limitation permitted by such law.
Discovery occurs when the Insured
(A) becomes aware of facts, or
(B) receives written notice of an actual or potential claim by a third
party which alleges that the Insured is liable under circumstance
which would cause a reasonable person to assume that a loss covered by the
Bond has been or will be incurred even though the exact amount or details
of loss may not be then known.
SECTION 5. VALUATION OF PROPERTY
The value of any Property, except books of accounts or other records used by the
Insured in the conduct of its business, for the loss of which a claim shall be
made hereunder, shall be determined by the average market value of such Property
on the business day next preceding the discovery of such loss; provided,
however, that the value of any Property replaced by the Insured prior to the
payment of claim therefor shall be the actual market value at the time of
replacement; and further provided that in case of a loss or misplacement of
interim certificates, warrants, rights, or other securities, the production
which is necessary to the exercise of subscription, conversion, redemption or
deposit privileges, the value thereof shall be the market value of such
privileges immediately preceding the expiration thereof if said loss or
misplacement is not discovered until after their expiration. If no market price
is quoted for such Property or for such privileges, the value shall be fixed by
agreement between the parties or by arbitration.
In case of any loss or damage to Property consisting of books of accounts or
other records used by the Insured in the conduct of its business, the
Underwriter shall be liable under this Bond only if such books or records are
actually reproduced and then for not more than the cost of blank books, blank
pages or other materials plus the cost of labor for the actual transcription or
copying of data which shall have been furnished by the Insured in order to
reproduce such books and other records.
SECTION 6. VALUATION OF PREMISES AND FURNISHINGS
In case of damage to any office of the Insured, or loss of or damage to the
furnishings, fixtures, stationary, supplies, equipment, safes or vaults therein,
the Underwriter shall not be liable for more than the actual cash value thereof,
or for more than the actual cost of their replacement or repair. The Underwriter
may, at its election, pay such actual cash value or make such replacement or
repair. If the Underwriter and the Insured cannot agree upon such cash value or
such cost or replacement or repair, such shall be determined by arbitration.
SECTION 7. LOST SECURITIES
If the Insured shall sustain a loss of securities the total value of which is in
excess of the limit stated in Item 3 of the Declarations of this Bond, the
liability of the Underwriter shall be limited to payment for, or duplication of,
securities having value equal to the limit stated in Item 3 of the Declarations
of this Bond.
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If the Underwriter shall make payment to the Insured for any loss of securities,
the Insured shall thereupon assign to the Underwriter all of the Insured's
rights, title and interests in and to said securities.
With respect to securities the value of which do not exceed the Deductible
Amount (at the time of the discovery of the loss) and for which the Underwriter
may at its sole discretion and option and at the request of the Insured issue a
Lost Instrument Bond or Bonds to effect replacement thereof, the Insured will
pay the usual premium charged therefor and will indemnify the Underwriter
against all loss or expense that the Underwriter may sustain because of the
issuance of such Lost Instrument Bond or Bonds.
With respect to securities the value of which exceeds the Deductible Amount (at
the time of discovery of the loss) and for which the Underwriter may issue or
arrange for the issuance of a Lost Instrument Bond or Bonds to effect
replacement thereof, the Insured agrees that it will pay as premium therefor a
proportion of the usual premium charged therefor, said proportion being equal to
the percentage that the Deductible Amount bears to the value of the securities
upon discovery of the loss, and that it will indemnify the issuer of said Lost
Instrument Bond or Bonds against all loss and expense that is not recoverable
from the Underwriter under the terms and conditions of this INVESTMENT COMPANY
BOND subject to the Limit of Liability hereunder.
SECTION 8. SALVAGE
In case of recovery, whether made by the Insured or by the Underwriter, on
account of any loss in excess of the Limit of Liability hereunder plus the
Deductible Amount applicable to such loss from any source other than suretyship,
insurance, reinsurance, security or indemnity taken by or for the benefit of the
Underwriter, the net amount of such recovery, less the actual costs and expenses
of making same, shall be applied to reimburse the Insured in full for the excess
portion of such loss, and the remainder, if any, shall be paid first in
reimbursement of the Underwriter and thereafter in reimbursement of the Insured
for that part of such loss within the Deductible Amount. The Insured shall
execute all necessary papers to secure to the Underwriter the rights provided
for herein.
SECTION 9. NON-REDUCTION AND NON-ACCUMULATION OF LIABILITY AND TOTAL LIABILITY
At all times prior to termination hereof this Bond shall continue in force for
the limit stated in the applicable sections of Item 3 of the Declarations of
this Bond notwithstanding any previous loss for which the Underwriter may have
paid or be liable to pay hereunder; PROVIDED, however, that regardless of the
number of years this Bond shall continue in force and the number of premiums
which shall be payable or paid, the liability of the Underwriter under this Bond
with respect to all loss resulting form
(A) any one act of burglary, robbery or hold-up, or attempt thereat, in
which no Partner or Employee is concerned or implicated shall be
deemed to be one loss, or
(B) any one unintentional or negligent act on the part of any one person
resulting in damage to or destruction or misplacement of Property,
shall be deemed to be one loss, or
(C) all wrongful acts, other than those specified in (A) above, of any
one person shall be deemed to be one loss, or
(D) all wrongful acts, other than those specified in (A) above, of one
or more persons (which dishonest act(s) or act(s) of Larceny or
Embezzlement include, but are not limited to, the failure of an
Employee to report such acts of others) whose dishonest act or acts
intentionally or unintentionally, knowingly or unknowingly, directly
or indirectly, aid or aids in any way, or permits the continuation
of, the dishonest act or acts of any other person or persons shall
be deemed to be one loss with the act or acts of the persons aided,
or
(E) any one casualty or event other than those specified in (A), (B),
(C) or (D) preceding, shall be deemed to be one loss, and shall be
limited to the applicable Limit of Liability stated in Item 3 of the
Declarations of this Bond irrespective of the total amount of such
loss or losses and shall not be cumulative in amounts from year to
year or from period to period.
Sub-section (C) is not applicable to any situation to which the language of
sub-section (D) applies.
SECTION 10. LIMIT OF LIABILITY
With respect to any loss set forth in the PROVIDED clause of Section 9 of this
Bond which is recoverable or recovered in whole or in part under any other Bonds
or Policies issued by the Underwriter to the Insured or to any predecessor in
interest of the Insured and terminated or cancelled or allowed to expire and in
which the period for discovery has not expired at the time any such loss
thereunder is discovered, the total liability of the
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Underwriter under this Bond and under other Bonds or Policies shall not exceed,
in the aggregate, the amount carried hereunder on such loss or the amount
available to the Insured under such other Bonds, or Policies, as limited by the
terms and conditions thereof, for any such loss if the latter amount be the
larger.
SECTION 11. OTHER INSURANCE
If the Insured shall hold, as indemnity against any loss covered hereunder, any
valid and enforceable insurance or suretyship, the Underwriter shall be liable
hereunder only for such amount of such loss which is in excess of the amount of
such other insurance or suretyship, not exceeding, however, the Limit of
Liability of this Bond applicable to such loss.
SECTION 12. DEDUCTIBLE
The Underwriter shall not be liable under any of the Insuring Agreements of this
Bond on account of loss as specified, respectively, in sub-sections (A), (B),
(C), (D) and (E) of Section 9, NON-REDUCTION AND NONACCUMULATION OF LIABILITY
AND TOTAL LIABILITY, unless the amount of such loss, after deducting the net
amount of all reimbursement and/or recovery obtained or made by the insured,
other than from any Bond or Policy of insurance issued by an insurance company
and covering such loss, or by the Underwriter on account thereof prior to
payment by the Underwriter of such loss, shall exceed the Deductible Amount set
forth in Item 3 of the Declarations hereof (herein called Deductible Amount) and
then for such excess only, but in no event for more than the applicable Limit of
Liability stated in Item 3 of the Declarations.
The Insured will bear, in addition to the Deductible Amount, premiums on Lost
Instrument Bonds as set forth in Section 7.
There shall be no deductible applicable to any loss under Insuring Agreement A
sustained by any Investment Company named as Insured herein.
SECTION 13. TERMINATION
The Underwriter may terminate this Bond as an entirety by furnishing written
notice specifying the termination date which cannot be prior to 90 days after
the receipt of such written notice by each Investment Company named as Insured
and the Securities and Exchange Commission, Washington, D.C. The Insured may
terminate this Bond as an entirety by furnishing written notice to the
Underwriter. When the Insured cancels, the Insured shall furnish written notice
to the Securities and Exchange Commission, Washington, D.C. prior to 90 days
before the effective date of the termination. The Underwriter shall notify all
other Investment Companies named as Insured of the receipt of such termination
notice and the termination cannot be effective prior to 90 days after receipt of
written notice by all other Investment Companies. Premiums are earned until the
termination date as set forth herein.
This Bond will terminate as to any one Insured, (other than a registered
management investment company), immediately upon taking over of such Insured by
a receiver or other liquidator or by State or Federal officials, or immediately
upon the filing of a petition under any State or Federal statute relative to
bankruptcy or reorganization of the Insured, or assignment for the benefit of
creditors of the Insured, or immediately upon such Insured ceasing to exist,
whether through merger into another entity, or by disposition of all of its
assets.
This Bond will terminate as to any registered management investment company upon
the expiration of 90 days after written notice has been given to the Securities
and Exchange Commission, Washington, D.C.
The Underwriter shall refund the unearned premium computed as short rates in
accordance with the standard short rate cancellation tables if terminated by the
Insured or pro rata if terminated for any other reason.
This Bond shall terminate
(A) as to any Employee as soon as any partner, officer or supervisory
Employee of the Insured, who is not in collusion with such Employee,
shall learn of any dishonest or fraudulent act(s), including Larceny
or Embezzlement on the part of such Employee without prejudice to
the loss of any Property then in transit in the custody of such
Employee and upon the expiration of ninety (90) days after written
notice has been given to the Securities and Exchange Commission,
Washington, D.C. (See Section 16[D]) and to the Insured Investment
Company, or
(B) as to any Employee 90 days after receipt by each Insured and by the
Securities and Exchange Commission of a written notice from the
Underwriter of its desire to terminate this Bond as to such
Employee, or
(C) as to any person, who is a partner, officer or employee of any
Electronic Data Processor covered under this Bond, from and after
the time that the Insured or any partner or officer thereof not in
collusion with such person shall have knowledge of information that
such person has
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committed any dishonest or fraudulent act(s), including Larceny or
Embezzlement in the service of the Insured or otherwise, whether
such act be committed before or after the time this Bond is
effective.
SECTION 14. RIGHTS AFTER TERMINATION OR CANCELLATION
At any time prior to the termination or cancellation of this Bond as an
entirety, whether by the Insured or the Underwriter, the Insured may give to the
Underwriter notice that if desires under this Bond an additional period of 12
months within which to discover loss sustained by the Insured prior to the
effective date of such termination or cancellation and shall pay an additional
premium therefor.
Upon receipt of such notice from the Insured, the Underwriter shall give its
written consent thereto: provided, however, that such additional period of time
shall terminate immediately;
(A) on the effective date of any other insurance obtained by the
Insured, its successor in business or any other party, replacing in
whole or in part the insurance afforded by this Bond, whether or not
such other insurance provides coverage for loss sustained prior to
its effective date, or
(B) upon takeover of the Insured's business by any State or Federal
official or agency, or by any receiver or liquidator, acting or
appointed for this purpose without the necessity of the Underwriter
giving notice of such termination. In the event that such additional
period of time is terminated, as provided above, the Underwriter
shall refund any unearned premium.
The right to purchase such additional period for the discovery of loss may
not be exercised by any State or Federal official or agency, or by any
receiver or liquidator, acting or appointed to take over the Insured's
business for the operation or for the liquidation thereof or for any other
purpose.
SECTION 15. CENTRAL HANDLING OF SECURITIES
Securities included in the systems for the central handling of securities
established and maintained by Depository Trust Company, Midwest Depository Trust
Company, Pacific Securities Depository Trust Company, and Philadelphia
Depository Trust Company, hereinafter called Corporations, to the extent of the
Insured's interest therein as effective by the making of appropriate entries on
the books and records of such Corporations shall be deemed to be Property.
The words "Employee" and "Employees" shall be deemed to include the officers,
partners, clerks and other employees of the New York Stock Exchange, Boston
Stock Exchange, Midwest Stock Exchange, Pacific Stock Exchange and Philadelphia
Stock Exchange, hereinafter called Exchanges, and of the above named
Corporations, and of any nominee in whose name is registered any security
included within the systems for the central handling of securities established
and maintained by such Corporations, and any employee of any recognized service
company, while such officers, partners, clerks and other employees and employees
of service companies perform services for such Corporations in the operation of
such systems. For the purpose of the above definition a recognized service
company shall be any company providing clerks or other personnel to said
Exchanges or Corporation on a contract basis.
The Underwriter shall not be liable on account of any loss(es) in connection
with the central handling of securities within the systems established and
maintained by such Corporations, unless such loss(es) shall be in excess of the
amount(s) recoverable or recovered under any Bond or Policy if insurance
indemnifying such Corporations, against such loss(es), and then the Underwriter
shall be liable hereunder only for the Insured's share of such excess loss(es),
but in no event for more than the Limit of Liability applicable hereunder.
For the purpose of determining the Insured's share of excess loss(es) it shall
be deemed that the Insured has an interest in any certificate representing any
security included within such systems equivalent to the interest the Insured
then has in all certificates representing the same security included within such
systems and that such Corporation shall use their best judgment in apportioning
the amount(s) recoverable or recovered under any Bond or Policy of insurance
indemnifying such Corporations against such loss(es) in connection with the
central handling of securities within such systems among all those having an
interest as recorded by appropriate entries in the books and records of such
Corporations in Property involved in such loss(es) on the basis that each such
interest shall share in the amount(s) so recoverable or recovered in the ratio
that the value of each such interest bears to the total value of all such
interests and that the Insured's share of such excess loss(es) shall be the
amount of the Insured's interest in such Property in excess of the amount(s) so
apportioned to the Insured by such Corporations.
This Bond does not afford coverage in favor of such Corporations or Exchanges or
any nominee in whose
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name is registered any security included within the systems for the central
handling of securities established and maintained by such Corporations, and upon
payment to the Insured by the Underwriter on account of any loss(es) within the
systems, an assignment of such of the Insured's rights and causes of action as
it may have against such Corporations or Exchanges shall to the extent of such
payment, be given by the Insured to the Underwriter, and the Insured shall
execute all papers necessary to secure to the Underwriter the rights provided
for herein.
SECTION 16. ADDITIONAL COMPANIES INCLUDED AS INSURED
If more than one corporation, co-partnership or person or any combination of
them be included as the Insured herein:
(A) the total liability of the Underwriter hereunder for loss or losses
sustained by any one or more or all of them shall not exceed the
limit for which the Underwriter would be liable hereunder if all
such loss were sustained by any one of them.
(B) the one first named herein shall be deemed authorized to make,
adjust and receive and enforce payment of all claims hereunder and
shall be deemed to be the agent of the others for such purposes and
for the giving or receiving of any notice required or permitted to
be given by the terms hereof, provided that the Underwriter shall
furnish each named Investment Company with a copy of the Bond and
with any amendment thereto, together with a copy of each formal
filing of the settlement of each such claim prior to the execution
of such settlement,
(C) the Underwriter shall not be responsible for the proper application
of any payment made hereunder to said first named Insured,
(D) knowledge possessed or discovery made by any partner, officer or
supervisory Employee of any Insured shall for the purpose of Section
4 and Section 13 of this Bond constitute knowledge or discovery by
all the Insured, and
(E) if the first named Insured ceases for any reason to be covered under
this Bond, then the Insured next named shall thereafter be
considered as the first named Insured for the purposes of this Bond.
SECTION 17. NOTICE AND CHANGE OF CONTROL
Upon the Insured's obtaining knowledge of a transfer of its outstanding voting
securities which results in a change in control (as set forth in Section 2(a)
(9) of the Investment Company Act of 1940) of the Insured, the Insured shall
within thirty (30) days of such knowledge give written notice to the Underwriter
setting forth:
(A) the names of the transferors and transferees (or the names of the
beneficial owners if the voting securities are requested in another
name), and
(B) the total number of voting securities owned by the transferors and
the transferees (or the beneficial owners), both immediately before
and after the transfer, and
(C) the total number of outstanding voting securities.
As used in this section, control means the power to exercise a controlling
influence over the management or Policies of the Insured.
Failure to give the required notice shall result in termination of coverage of
this Bond, effective upon the date of stock transfer for any loss in which any
transferee is concerned or implicated.
Such notice is not required to be given in the case of an Insured which is an
Investment Company.
SECTION 18. CHANGE OR MODIFICATION
This Bond or any instrument amending or effecting same may not be changed or
modified orally. No changes in or modification thereof shall be effective unless
made by written Endorsement issued to form a part hereof over the signature of
the Underwriter's Authorized Representative. When a Bond covers only one
Investment Company no change or modification which would adversely affect the
rights of the Investment Company shall be effective prior to 60 days after
written notification has been furnished to the Securities and Exchange
Commission, Washington, D.C. by the Insured or by the Underwriter. If more than
one Investment Company is named as the Insured herein, the Underwriter shall
give written notice to each Investment Company and to the Securities and
Exchange Commission, Washington, D.C. not less than 60 days prior to the
effective date of any change or modification which would adversely affect the
rights of such Investment Company.
IN WITNESS WHEREOF, the Underwriter has caused this Bond to be executed on the
Declarations Page.
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(LOGO) Administrative Offices FI 88 01 (Ed. 10 11)
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
FORMS AND RIDERS SCHEDULE
It is hereby understood and agreed the following forms and riders are attached
to and are a part of this bond:
DATE ADDED *
OR RIDER NO.
FORM NO. / EDITION DATE DELETED FORM DESCRIPTION (IF APPLICABLE)
------------------ ------------ -------------------------------------------------------------- ---------------
MEFS1131 03-11 Investment Company Bond Dec Page
MEFS1132 03-11 Investment Company Bond
SRF9808 08-95 Rider - Joint Insured List 1
SRF9808 08-95 Rider - Insuring Agreement L 2
SRF9808 08-95 Rider - Extended Computer Systems Rider 3
SRF9808 08-95 Rider - Newly Created Investment Companies 4
SRF9808 08-95 Rider - Loss Reporting Threshold 5
SRF9808 08-95 Rider - Counterfeit Currency Revision 6
SRF9808 08-95 Rider - Amended Definition of Employee 7
SRF9808 08-95 Rider - Amended Section 13 -Termination 8
SRF9808 08-95 Rider - Amended Fidelity 9
SRF9808 08-95 Rider - Amended Section 4, Loss-Notice-Proof-Legal Proceedings 10
SRF9808 08-95 Rider - Confidential Information and Data Breach 11
SRF9808 08-95 Rider - Automated Phone System -full limits 12
SRF9808 08-95 Rider - Automatic increase in limits due to asset growth 13
FI7340 08-15 Economic And Trade Sanctions Clause
FI7341 08-15 In-Witness Clause
* If not at inception
FI 88 01 (Ed. 10/11)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 1
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
JOINT INSURED LIST
1. At the request of the Insured, the Underwriter adds to the list of Insured
under the attached bond the following:
Voya Balanced Portfolio, Inc., a series fund consisting of:
Voya Balanced Portfolio
Voya Variable Funds, a series fund consisting of:
Voya Growth and Income Portfolio
Voya Intermediate Bond Portfolio, a series fund consisting of:
Voya Intermediate Bond Portfolio
Voya Money Market Portfolio, a series fund consisting of:
Voya Money Market Portfolio
Voya Variable Portfolios, Inc., a series fund consisting of:
Voya Index Plus LargeCap Portfolio
Voya Index Plus MidCap Portfolio
Voya Index Plus SmallCap Portfolio
Voya Small Company Portfolio
Voya Australia Index Portfolio
Voya Euro STOXX 50(R) Index Portfolio
Voya FTSE 100 Index(R) Portfolio
Voya Hang Seng Index Portfolio
Voya International Index Portfolio
Voya Japan TOPIX Index Portfolio
Voya Russell Large Cap Growth Index Portfolio
Voya Russell Large Cap Index Portfolio
Voya Russell Large Cap Value Index Portfolio
Voya Russell Mid Cap Growth Index Portfolio
Voya Russell Mid Cap Index Portfolio
Voya Russell Small Cap Index Portfolio
Voya U.S. Bond Index Portfolio
Voya Emerging Markets Index Portfolio
Voya Global Value Advantage Portfolio
Voya Strategic Allocation Portfolios. Inc., a series fund consisting of:
Voya Strategic Allocation Moderate Portfolio
Voya Strategic Allocation Growth Portfolio
Voya Strategic Allocation Conservative Portfolio
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Voya Series Fund, Inc., a series fund consisting of:
Voya Corporate Leaders 100 Fund
Voya Core Equity Research Fund
Voya Money Market Fund
Voya Small Company Fund
Voya Large Cap Growth Fund
Voya Mid Cap Value Advantage Fund
Voya Capital Allocation Fund
Voya Global Target Payment Fund
Voya Equity Trust, a series Fund consisting of:
Voya LargeCap Value Fund
Voya Growth Opportunities Fund
Voya MidCap Opportunities Fund
Voya Real Estate Fund
Voya SmallCap Opportunities Fund
Voya Multi-Manager Mid Cap Value Fund
Voya Funds Trust, a series Fund consisting of:
Voya Floating Rate Fund
Voya GNMA Income Fund
Voya High Yield Bond Fund
Voya Intermediate Bond Fund
Voya Short Term Bond Fund
Voya Strategic Income Fund
Voya Mutual Funds, a series fund consisting of:
Voya Diversified International Fund
Voya Multi-Manager Emerging Markets Equity Fund
Voya Global Bond Fund
Voya Global Equity Dividend Fund
Voya Global Natural Resources Fund
Voya Global Opportunities Fund
Voya Global Real Estate Fund
Voya International Value Equity Fund
Voya Emerging Markets Equity Dividend Fund
Voya International Core Fund
Voya Multi-Manager International Equity Fund
Voya International Real Estate Fund
Voya Multi-Manager International SmallCap Fund
Voya Russia Fund
Voya Diversified Emerging Markets Debt Fund
Voya Global Perspectives Fund
Voya Separate Portfolios Trust, a series Fund consisting of:
Voya Investment Grade Credit Fund
Voya Emerging Markets Corporate Debt Fund
Voya Emerging Markets Hard Currency Debt Fund
Voya Emerging Markets Local Currency Debt Fund
Voya Retirement Solution 2020 Fund
Voya Retirement Solution 2025 Fund
Voya Retirement Solution 2030 Fund
Voya Retirement Solution 2035 Fund
Voya Retirement Solution 2040 Fund
Voya Retirement Solution 2045 Fund
Voya Retirement Solution 2050 Fund
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Voya Retirement Solution 2055 Fund
Voya Retirement Solution Income Fund
Voya Securitized Credit Fund P
Voya Variable Products Trust, a series Fund consisting of:
Voya International Value Portfolio
Voya MidCap Opportunities Portfolio
Voya SmallCap Opportunities Portfolio
Voya Investors Trust, a series Fund Consisting of:
VY BlackRock Inflation Protected Bond Portfolio
VY BlackRock Large Cap Growth Portfolio
VY BlackRock Health Science Opportunities Portfolio
VY Clarion Global Real Estate Portfolio
VY Clarion Real Estate Portfolio
VY DFA World Equity Portfolio
VY FMRSM Diversified Mid Cap Portfolio
VY Franklin Income Portfolio
VY Franklin Mutual Shares Portfolio
VY Franklin Templeton Founding Strategy Portfolio
Voya Global Resources Portfolio
VY Invesco Growth and Income Portfolio
VY JPMorgan Emerging Markets Equity Portfolio
VY JPMorgan Small Cap Core Equity Portfolio
Voya Large Cap Growth Portfolio
Voya Large Cap Value Portfolio
Voya Limited Maturity Bond Portfolio
Voya Liquid Assets Portfolio
VY Marsico Growth Portfolio
VY MFS Total Return Portfolio
VY MFS Utilities Portfolio
VY Morgan Stanley Global Franchise Portfolio
Voya High Yield Portfolio
Voya Multi-Manager Large Cap Core Portfolio
Voya Retirement Conservative Portfolio
Voya Retirement Growth Portfolio
Voya Retirement Moderate Growth Portfolio
Voya Retirement Moderate Portfolio
VY T. Rowe Price Capital Appreciation Portfolio
VY T. Rowe Price Equity Income Portfolio
VY T. Rowe Price International Stock Portfolio
VY Templeton Global Growth Portfolio
Voya U.S. Stock Index Portfolio
Voya Global Perspectives Portfolio
Voya Partners, Inc., a series Fund consisting of:
VY American Century Small-Mid Cap Value Portfolio
VY Baron Growth Portfolio
VY Columbia Small Cap Value II Portfolio
VY Columbia Contrarian Core Portfolio
VY Fidelity(R) VIP Contrafund(R) Portfolio
VY Fidelity(R) VIP Equity-Income Portfolio
VY Fidelity(R) VIP Mid Cap Portfolio
Voya Global Bond Portfolio
Voya Index Solution 2015 Portfolio
Voya Index Solution 2020 Portfolio
F.9808 (Ed. 08/95)
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Voya Index Solution 2025 Portfolio
Voya Index Solution 2030 Portfolio
Voya Index Solution 2035 Portfolio
Voya Index Solution 2040 Portfolio
Voya Index Solution 2045 Portfolio
Voya Index Solution 2050 Portfolio
Voya Index Solution 2055 Portfolio
VY Invesco Comstock Portfolio
VY Invesco Equity and Income Portfolio
Voya Index Solution Income Portfolio
VY JPMorgan Mid Cap Value Portfolio
VY Oppenheimer Global Portfolio
VY PIMCO Bond Portfolio
VY Pioneer High Yield Portfolio
Voya Solution 2015 Portfolio
Voya Solution 2020 Portfolio
Voya Solution 2025 Portfolio
Voya Solution 2030 Portfolio
Voya Solution 2035 Portfolio
Voya Solution 2040 Portfolio
Voya Solution 2045 Portfolio
Voya Solution 2050 Portfolio
Voya Solution 2055 Portfolio
Voya Solution Moderately Aggressive Portfolio
Voya Solution Conservative Portfolio
Voya Solution Balanced Portfolio
Voya Solution Income Portfolio
Voya Solution Moderately Conservative Portfolio
VY T. Rowe Price Diversified Mid Cap Growth Portfolio
VY T. Rowe Price Growth Equity Portfolio
VY Templeton Foreign Equity Portfolio
VY Barron Growth Portfolio
Voya Solution Aggressive Portfolio
Unit Investment Trust
Voya Corporate Leaders Trust, a series Fund consisting of:
Voya Corporate Leaders Trust Fund - Series A
Voya Corporate Leaders Trust Fund - Series B
Interval Fund
Voya Senior Income Fund
Closed-End Funds
Voya Prime Rate Trust
Voya Asia Pacific High Dividend Equity Income Fund
Voya Emerging Markets High Dividend Equity Fund
Voya Global Advantage and Premium Opportunity Fund
Voya Global Equity Dividend and Premium Opportunity Fund
Voya Infrastructure, Industrials and Material Fund
Voya International High Dividend Equity Income Fund
Voya Natural Resources Equity Income Fund
Principal Protected Funds
Voya Variable Insurance Trust
F.9808 (Ed. 08/95)
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Voya Investments Distributor LLC
VY Goldman Sachs Bond Portfolio
Voya Index Solution 2060 Portfolio
Voya Solution 2060 Portfolio
2. This rider shall become effective as of 12:01 a.m. on 10/01/2015
standard time.
F.9808 (Ed. 08/95)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 2
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
INSURING AGREEMENT L
The attached bond is amended by adding an additional Insuring Agreement as
follows:
COMPUTER SYSTEMS
Loss resulting directly from a fraudulent
(1) entry of data into, or
(2) change of data elements or programs within
a Computer System; provided that fraudulent entry or change causes
(a) Property to be transferred paid or delivered,
(b) an account of the Insured, or of its customer, to be added, deleted,
debited or credited, or
(c) an unauthorized account or a fictitious account to be debited or
credited;
(3) voice instruction or advices having been transmitted to the Insured or its
agent(s) by telephone; and provided further, the fraudulent entry or
change is made or caused by an individual acting with the manifest intent
to:
(i) cause the Insured or its agent(s) to sustain a loss, and
(ii) obtain financial benefit for that individual or for other persons
intended by that individual to receive a financial benefit,
(iii) and further provided such voice instructions or advices:
(a) were made by a person who purported to represent an individual
authorized to make such voice instructions or advices; and
(b) were electronically recorded by the Insured or its agent(s).
(4) It shall be a condition to recovery under the Computer Systems Rider that
the Insured or its agent(s) shall to the best of their ability
electronically record all voice instructions or advices received over the
telephone. The Insured or its agent(s) warrant that they shall make their
best efforts to maintain the electronic recording system on a continuous
basis. Nothing, however, in this Rider shall bar the Insured from recovery
where no recording is available because of mechanical failure of the
device used in making such recording, or because of failure of the media
used to record a conversation from any cause, or error or omission of any
Employee(s) or agent(s) of the Insured.
SCHEDULE OF SYSTEMS
Any System Utilized by the Insured
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2. As used in this Rider, Computer System means:
(a) computers with related peripheral components, including storage
components, wherever located,
(b) systems and applications software,
(c) terminal devices,
(d) related communication networks or customer communication systems,
and
(e) related Electronic Funds Transfer Systems,
by which data are electronically collected, transmitted, processed,
stored, and retrieved.
3. In addition to the exclusion in the attached bond, the following
exclusions are applicable to this Insuring Agreement:
(a) loss resulting directly or indirectly from the theft of confidential
information, material or data: and
(b) loss resulting directly or indirectly from entries or changes made
by an individual authorized to have access to a Computer System who
acts in good faith on instructions, unless such instructions are
given to that individual by a software contractor (or by a partner,
officer or employee thereof) authorized by the Insured to design,
develop, prepare, supply service, write or implement programs for
the Insured's Computer System.
4. The following portions of the attached bond are not applicable to this
Rider:
(a) the initial paragraph of the bond preceding the Insuring Agreements
which reads "...at any time but discovered during the Bond Period."
(b) Section 9-NON-REDUCTION AND NON-ACCUMULATION OF LIABILITY AND TOTAL
LIABILITY
(c) Section 10-LIMIT OF LIABILITY
5. The coverage afforded by this rider applies only to loss discovered by the
Insured during the period this Rider is in force.
6. All loss or series of losses involving the fraudulent activity of one
individual, or involving fraudulent activity in which one individual is
implicated, whether or not that individual is specifically identified,
shall be treated as one loss. A series of losses involving unidentified
individuals but arising from the same method of operation may be deemed by
the Underwriter to involve the same individual and in that event shall be
treated as one loss.
7. The Limit of Liability for the coverage provided by this Rider shall be
$40,000,000.
8. The Underwriter shall be liable hereunder for the amount by which one loss
shall be in excess of $25,000 (herein called the Deductible Amount) but
not in excess of the Limit of Liability stated above.
9. If any loss is covered under this Insuring Agreement and any other
Insuring Agreement or Coverage, the maximum amount payable for such loss
shall not exceed the largest amount available under any one Insuring
Agreement or Coverage.
10. Coverage under this Rider shall terminate upon termination or cancellation
of the bond to which this Rider is attached. Coverage under this rider may
also be terminated or cancelled without canceling the bond as an entirety:
(a) 90 days after receipt by the Insured of written notice from the
Underwriter of its desire to terminate or cancel coverage under this
Rider, or
(b) immediately upon receipt by the Underwriter of a written request
from the Insured to terminate or cancel coverage under this Rider.
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The Underwriter shall refund to the Insured the unearned premium for this
coverage under this Rider. The refund shall be computed at short rates if
this Rider is terminated or cancelled or reduces by notice from, or at the
insistence of the Insured.
11. Section 4-LOSS-NOTICE-PROOF-LEGAL PROCEEDING of the Conditions and
Limitations of this bond is amended by adding the following sentence:
"Proof of Loss resulting from Voice Instructions or advices covered under
this bond shall include Electronic Recording of such Voice Instructions of
advices."
12. Notwithstanding the foregoing, however, coverage afforded by this Rider is
not designed to provide protection against loss covered under a separate
Electronic and Computer Crime Policy by whatever title assigned or by
whatever Underwriter written. Any loss which is covered under such
separate Policy is excluded from coverage under this bond; and the Insured
agrees to make claim for such loss under its separate Policy.
13. This rider shall become effective as of 12:01 a.m. on 10/01/2015 standard
time.
F.9808 (Ed. 08/95)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 3
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
EXTENDED COMPUTER SYSTEMS RIDER
1. Electronic Data, Electronic Media, Electronic Instruction
(1) Loss resulting directly from:
(a) the fraudulent modification of Electronic Data, Electronic Media or
Electronic Instruction being stored within or being run within any
system covered under this rider,
(b) robbery, burglary, larceny or theft of Electronic Data, Electronic
Media or Electronic instructions,
(c) the acts of a hacker causing damage or destruction of Electronic
Data, Electronic Media or Electronic Instruction owned by the
Insured or for which the Insured is legally liable, while stored
within a Computer System covered under this rider, or
(d) The damage or destruction of Electronic Data, electronic Media or
Electronic Instruction owned by the Insured or for which the Insured
is legally liable while stored within a Computer System covered
under Computer Systems Fraud Insuring Agreement (G), 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.
2. Electronic Communication
Loss resulting directly from the Insured 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 Insured, which were transmitted or appear to have been
transmitted through:
(a) an Electronic Communication System,
(b) an Automated clearing house or custodian, or
(c) a Telex, TWX, or similar means of communication,
directly into the Insured'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 Insured or during electronic
transmission to the Insured's Computer System or Communication Terminal.
3. Electronic Transmission
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Loss resulting directly from a customer of the Insured, 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 Insured 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:
(a) an Electronic Communication System,
(b) an automated clearing house or custodian, or
(c) 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 Insured, but which
communications were either not sent by the Insured, or were fraudulently
modified during physical transit of Electronic Media from the Insured or
during electronic transmission from the Insured Computer System or
Communication Terminal, and for which loss the Insured is held to be
legally liable.
2. In addition to the Conditions and Limitations in the bond, the following,
applicable to the Extended Computer Systems Rider, are added:
DEFINITIONS
A. 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.
B. 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.
C. 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.
D. Electronic Instruction means computer programs converted to a form
usable in a Computer System to act upon Electronic Data.
E. Electronic Media means the magnetic tape, magnetic disk, optical
disk, or any other bulk media on which data is recorded.
EXCLUSIONS
This bond does not 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; *
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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;
E. liability assumed by the Insured by agreement under any contract,
unless such liability would have attached to the Insured even in the
absence of such agreement; or
F. loss resulting directly or indirectly from:
1. written instruction unless covered under this rider; or
2. instruction by voice over the telephone, unless covered under
this rider.
SERIES OF LOSSES
All losses or series of losses involving the fraudulent acts of one individual,
or involving fraudulent acts in which one individual is implicated, whether or
not that individual is specifically identified, shall be treated as a Single
Loss and subject to the Single Loss Limit of Liability. A series of losses
involving unidentified individuals but arising from the same method of operation
shall be deemed to involve the same individual and in that event shall be
treated as a Single Loss and subject to the Single Loss Limit of Liability.
VALUATION
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 Insured in its business, the Underwriter
shall be liable under this bond only if such items are actually reproduced from
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 insured 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 cannot be reproduced and said Electronic Data
represents Securities or financial instruments having a value, then the loss
will be valued as indicated in the Property other than Money, Securities or
Records paragraphs of Section 6.
The title and any headings in this 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.
3. This rider shall become effective as of 12:01 a.m. on 10/01/2015 standard
time.
F.9808 (Ed. 08/95)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 4
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
NEWLY CREATED INVESTMENT COMPANIES
1. Item 1. of the Declarations shall include any existing Investment Company
or portfolios which are not listed under Rider No. 1 of the attached Bond.
It shall also include any Newly Created Investment Company or portfolio
provided that the Insured shall submit to the Underwriter following the
end of the Bond Period, a list of all Newly Created portfolios and Copies
of any prospectuses and statements of additional information relating to
such Newly Created Investment Companies or portfolios unless said
prospectus and statements of additional information have been previously
submitted.
Following the end of the Bond Period, any Newly Created Investment Company
or portfolio created during the Period, will continue to be an Insured
only if the Underwriter notified as set forth in the paragraph and the
information required herein is provided to the Underwriter, and the
Underwriter acknowledges the addition of such Newly Created Investment
Company or portfolio to the Bond by a Rider of this Bond.
2. It is further agreed that the following definition is added to Section 1.
DEFINITIONS.
(g) Newly Created Investment Company or portfolio shall mean any
Investment Company or portfolio for which registration with the SEC
has been declared.
3. It is agreed that General Agreements A of the Investment Company Blanket
Bond Form - Additional Offices or Employees-Consolidation or Merger -
Notice - is amended by adding the following subsection:
(3) Automatic Increase in Limits for Investment Companies
If an increase in bonding limits is required pursuant to Rule 17g-1 of the
Investment Company Act of 1940 ("the Act"), due to:
(i) The creation of a new Investment Company, other than by
consolidation or merger with, or purchase or acquisition of
assets or liabilities of, another institution; or
(ii) An increase in asset size of current Investment Companies
covered under this Bond then the minimum required increase in
limits shall take place automatically without payment of
additional premium for the remainder of the Bond Period.
4. This rider shall become effective as of 12:01 a.m. on 10/01/2015 standard
time.
SRF 9808 (Ed. 08/95)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 5
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
LOSS REPORTING THRESHOLD
The second paragraph of Section 12 -'DEDUCTIBLE AMOUNT' - is deleted in its
entirety and replaced by the following:
1. "The Insured shall, in the time and in the manner prescribed in this Bond,
give the Underwriter notice of any loss which is in excess of $12,500.
Such loss shall be of the kind covered by the terms of this bond, whether
or not the Underwriter is liable therefore. Upon the request of the
Underwriter, the Insured shall file a brief statement with the Underwriter
giving the particulars concerning such loss."
2. Nothing herein contained shall be held to vary, alter, waive or extend any
of the terms, conditions, provisions, agreements or limitations of the
above mentioned bond, other than as stated herein.
3. This rider shall become effective as of 12:01 a.m. on 10/01/2015 standard
time.
SRF 9808 (Ed. 08/95)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 6
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
Insuring Agreement (F), Counterfeit Currency is deleted in its entirety and
replaced by the following:
COUNTERFEIT CURRENCY
(F) Loss resulting directly from the receipt by the Insured, in good faith of
any counterfeit money.
2. Nothing herein contained shall be held to vary, alter, waive or extend any
of the terms, conditions, provisions, agreements or limitations of the
above mentioned bond, other than as stated herein.
3. This rider shall become effective as of 12:01 a.m. on 10/01/2015 standard
time.
SRF 9808 (Ed. 08/95)
(Page 1 of 1)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 7
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
AMENDED DEFINITION OF EMPLOYEE
1. Section 1, Definitions, (a) Employee, is Amended by adding the following:
after Item 9:
(10) Ex-Employees up to 60 days after termination, except if TERMINATED
for reasons of fraud or dishonesty
2. This Rider shall become effective as of 12:01 a.m. on 10/01/2015 standard
time.
SRF 9808 (Ed. 08/95)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 8
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
AMENDED SECTION 13 - TERMINATION
1. Paragraph 1 of Section 13. Termination, is amended by adding the following
after the words "D.C." on Line 5 and on Line 9" " State of Arkansas, and
Midwest Stock Exchange"
2. This rider shall become effective as of 12:01 a.m. on 10/01/2015 standard
time.
SRF 9808 (Ed. 08/95)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 9
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
AMENDED FIDELITY
A) Delete Paragraph 2 of Insuring Agreement A, and replace with the
following:
"Such dishonest or fraudulent acts must be committed by the Employee with
the manifest intent:
(a) to cause the Insured to sustain such loss, or
(b) to obtain financial benefit for the Employee or another person or
entity.
Notwithstanding the foregoing, it is agreed that with regard to Loans and/or
Trading this bond covers only loss resulting directly from dishonest or
fraudulent acts committed by an Employee with the manifest intent to cause the
Insured to sustain such loss and which results in a financial benefit for the
Employee. However, where the proceeds of a dishonest or fraudulent act committed
by an Employee arising from Loans and/or Trading are actually received by
persons with whom the Employee was acting in collusion, but said Employee fails
to derive a financial benefit therefrom, such a loss will nevertheless be
covered hereunder as if the Employee had obtained such benefit provided the
Insured establishes that the Employee intended to participate therein.
The term "Trading" as used in this Insuring Agreement shall be deemed to mean
buying or selling or other dealings in securities, commodities, futures,
options, foreign or federal funds, currencies, foreign exchange and the like.
The term "Loan" as used in this Insuring Agreement shall be deemed to mean all
extensions of credit by the Insured and all transactions creating a creditor
relationship in favor of the Insured and all transactions by which the Insured
assumes an existing creditor relationship."
B) It is agreed that the following paragraph is added after the second paragraph
of Insuring Agreement (A) Fidelity:
"Loss resulting directly from the malicious destruction of or the malicious
damage of Property, Electronic Data or Electronic Data Processing Media
committed by an Employee, whether committed alone or in collusion with others,
which acts are committed with the manifest intent to cause the Insured to
sustain a loss.".
This rider shall become effective as of 12:01 a.m. on 10/01/2015 standard time.
SRF 9808 (Ed. 08/95)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 10
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
AMENDED SECTION 4, LOSS-NOTICE-PROOF-LEGAL PROCEEDINGS
1. Section 4. Loss-Notice-Proof -Legal Proceedings, is amended by the
following:
(a) Paragraph 1, Sentence 2, Line 3, the word "Insured" is replaced by
the words"by the Risk Management Department , Office of the General
Counsel, or Senior Vice President or above of the Insured".
(b) Paragraph 2, Line 1, the word "Insured" is replaced by the words "by
the Risk Management Department , Office of the General Counsel, or
Senior Vice President or above of the Insured".
2. This rider shall become effective as of 12:01 a.m. on 10/01/2015 standard
time.
SRF 9808 (Ed. 08/95)
(Page 1 of 1)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 11
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
CONFIDENTIAL INFORMATION AND DATA BREACH
1. CONDITIONS AND LIMITATIONS, Section 2. EXCLUSIONS is amended to include:
CONFIDENTIAL INFORMATION:
Loss resulting from:
A) Theft, disappearance, destruction or disclosure of the confidential or
personal information of the Insured or another person or entity for which
the Insured is legally liable including, but not limited to patents, trade
secrets, personal information, processing methods, customer lists,
financial information, credit card information, intellectual property,
health information, or any other type of non-public information.
For purposes of coverage that may be attached to the Bond by Rider which
pertains to Computer Systems, confidential information cannot be Properly
transferred. A loss otherwise covered under the Computer Systems Rider (if
attached) shall not be excluded by the fact that confidential information was
used to gain access to your computer system or to the computer system of your
financial institution in order to cause the fraudulent transfer.
B) The use of another person's or entity's confidential or personal
information, including but not limited to, financial information, credit
card information, health information or any other type of non-public
information.
DATA BREACH COSTS:
Loss resulting from fees, costs, fines, penalties and other expenses which are
related to the access or disclosure of another person's or entity's confidential
information, and the obligations of the Insured to comply with federal and state
privacy laws and Payment Card Industry Data Security Standards (if applicable)
arising from a data security breach, including, but not limited to, expenses
related to notifying affected individuals when affected individuals' financial
information, credit card information, health information or other type of
non-public information was stolen, accessed, downloaded or misappropriated while
in the care, custody or control of the Insured.
2. Nothing herein contained shall be held to vary, alter, waive, or extend
any of the terms, conditions and limitations, or provisions of the
attached Bond other than as above stated.
3. This Rider shall become effective as of 12:01 a.m. on 10/01/2015 standard
time.
SRF 9808 (Ed. 08/95)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 12
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
The attached bond is amended by adding an additional Insuring Agreement as
follows:
AUTOMATED PHONE SYSTEMS
1. Loss caused by an Automated Phone System ("APS") Transaction, where the
request for such APS Transaction is unauthorized or fraudulent and is made
with the manifest intent to deceive; provided, that the entity which
receives such request generally maintains and follows during the bond
Period all APS Designated Procedures with respect to APS Transaction. The
unintentional isolated failure of such entity to maintain and follow a
particular APS Designated Procedure in a particular APS Designated
Procedure in a particular instance shall not preclude coverage under this
Insuring Agreement, subject to the exclusions herein and in the Bond.
1. Definitions. The following terms used in this Insuring Agreement
shall have the following meanings:
a. "APS Transaction" means any APS Redemption, APS Exchange or APS
Election.
b. "APS Redemption" means any redemption of shares issued by an
Investment Company which is requested over the telephone by means of
information transmitted by an individual caller through use of a
telephone keypad.
c. "APS Election" means any election concerning dividend options
available to Fund shareholders which is made over the telephone by
means of information transmitted by an individual caller through use
of a telephone keypad.
d. "APS Exchange" means any exchange of shares in a registered account
of one Fund into shares in an identically registered account of
another Fund in the same complex pursuant to exchange privileges of
the two Funds, which exchange is requested over the telephone by
means of information transmitted by an individual caller through use
of a telephone keypad.
e. "APS Designated Procedures" means all of the following procedures:
(1) Election in Application: No APS Redemption shall be executed
unless the shareholder to whose account such an APS Redemption
relates has previously elected by Official Designation to
permit such APS Redemption.
(2) Logging: All APS Transaction requests shall be logged or
otherwise recorded, so as to preserve all of the information
transmitted by an individual caller through use of telephone
keypad in the course of such a request, and the records shall
be retained for at least six months.
(a) Information contained in the records shall be capable of
being retrieved through the following methods:
audio tape and or transactions stored on computer disks
(b) Information contained in the records shall be capable of
being retrieved and produced
SRF 9808 (Ed. 08/95)
(Page 1 of 3)
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within a reasonable time after retrieval of specific
information is requested, at a success rate of no less
than 85 percent.
(3) Identity Test: The identity of the caller in any request for
an APS Transaction shall be tested before executing that APS
Transaction by requiring the entry by the caller of a
confidential personal identification number ("PIN")
(a) Limited Attempts to Enter PIN: IF the caller fails to
enter a correct PIN within three attempts, the caller
must not be allowed additional attempts during the same
(telephone call/twenty-four hour day) 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.
(4) Written Confirmation: A written confirmation of any APS
Transaction shall be mailed to the shareholder(s) to whose
account such APS Transaction relates, at the original record
address, by the end of the Insured's next regular processing
cycle, but in no event later than five business days following
such APS Transaction.
(5) Access to APS Equipment: 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:
All Associates designated by Voya within the BNY Mellon call
center.
2. Exclusions: It is further understood and agreed that this extension shall
not cover:
a. Any loss covered under Insuring Agreement A. "Fidelity", of this
Bond;
(1) The redemption of shares, where the proceeds of such
redemption are made payable to other-than
(i) the shareholder of record, or
(ii) a person officially Designated to receive redemption
proceeds, or
(iii) a bank account officially Designated to receive
redemption proceeds or
(2) The redemption of shares, where the proceeds of such
redemption are paid by check mailed to any address, unless
such address has either been
(I) designated by voice over the telephone or in writing
without a signature guarantee, in either case at least
thirty(30) days prior to such redemption, or
(ii) officially Designated, or
(iii) verified by any other procedures which may be stated
below in this Rider, or
(3) The redemption of shares, where the proceeds of such
redemption are paid by wire transfer to other than the
shareholder's officially Designated bank account, or
(4) the Intentional failure to adhere to one or more APS
Designated Procedures.
2. Nothing herein contained shall be held to vary, alter, waive, or extend
any of the terms, limitations, conditions, or provisions of the attached
bond other than above stated.
F. 9808 (Ed. 08/95)
(Page 2 of 3)
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3. This rider shall become effective as of 12:01 a.m. on 10/01/2014 standard
time.
F. 9808 (Ed. 08/95)
(Page 3 of 3)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
RIDER NO. 13
To be attached to and form part of Financial Institution Bond, Standard Form No.
Standard Great American Investment Company Bond,
No. FS 3147982 05 00
In favor of Voya Family of Funds f/k/a ING Family of Funds
1. It is agreed that the following Insuring Agreement is added to the above
Bond:
FRAUDULENT TRANSFER INSTRUCTIONS
Loss resulting directly from the Insured having, in good faith, transferred
Money on deposit in a Customer's account, or a Customer's Certificated
Securities, in reliance upon a fraudulent Instruction transmitted to the Insured
via electronic mail; provided, however that
(1) The fraudulent instruction purports, and reaonably appears, to have
originated from:
(a) such Customer,
(b) an Employee acting on instruction of such Customer; or
(c) another financial institution actiong on behalf of such
Customer with authority to make such instructions; and
(2) The sender of the fraudulent instructions verified the instruction
with the password PIN, or other security code of such Customer; and
(3) the sender was not, in fact, such Customer, was not authorized to
act on behalf of such Customer, and was not an Employee of the
Insured; and
(4) The instruction was received by an Employee of the Insured
specifically authorized by the Insured to receive and act upon such
instructions; and
(5) For any transfer exceeding the amount set forth in item 7 of this
Rider, the Insured verified the instruction via a call back to a
predetermined telephone number set forth in the Insured's writtin
agreement with such Customer or other verification procedure
approved in writing by the Underwriter; and
(6) The Insured preserved a contemporaneous record of the call back, if
any, and of the instruction which verifies use of the authorized
apassword, PIN or other security code of the Customer.
2. As used in this Rider, Customer means a natural person or entity which has
a written agreement with the Insured augorizing the Insured to transfer
Money on deposit in an account or Certificated Securities in reliance upon
instructions transmitted to the Insured via the means utilized to transmit
the fraudulent instructions
3. It shall be a condition precedent to coverage under this Insuring
Agreement that the Insured assert any available claims, offsets or
defenses against such Customer, any financial institution or any other
party to the transaction.
4. The following additional Exclusions are added to the Bond applicable only
to this Insuring Agreement:
SRF 9808 (Ed. 08/95)
(Page 1 of 2)
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(LOGO) Administrative Offices
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
(a) loss resulting directly or indirectly from the fraudulent
instruction if the sender, or anyone acting in collusion with the
sender, ever had authorized access to such Customer's password, PIN
or other security code; and
(b) loss resulting directly or indirectly from the fradulent alteration
of the instruction to initiate an automated clearing house (ACH)
entry, or group of ACH entries, transmitted as and electronic
message, or as an attachment to an electronic message, sent via the
Internet, unless:
(1) each ACH entry was individully verified via the call back
procedure without regard to the amount of the entry; or
(2) the instruction was formatted, encoded or encrypted so that
any alteration in the ACH entry or group of ACH entries would
be apparent to the Insred.
5. For purposes of this Insuring Agreement, all loss or losses involving one
natural person or entity, or one group of natural persons or entities
acting together shall be a Single Loss without regard to the number of
transfers or the number of instructions involved. A series of losses
involving unidentified naturral persons or entities but arising from the
same method of operation shall be deemed to involve the same natural
person or entity and shall be treated as a Single Loss.
6. The limit of Liability and Deductible amount applicable to loss under this
Insuring Agreement is as stated in the Declarations of the attached Bond.
7. The amount of any single transfer for which verification via call back
will be required is: $5,000
8. This rider shall become effective as of 12:01 a.m. on 10/01/2015 standard
time.
F. 9808 (Ed. 08/95)
(Page 2 of 2)
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(LOGO) Administrative Offices FI 73 40 (Ed. 08/15)
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
ECONOMIC AND TRADE SANCTIONS CLAUSE
This insurance does not apply to the extent that trade or economic sanctions or
other laws or regulations prohibit us from providing insurance.
FI 73 40 (Ed. 08/15)
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019630
(LOGO) Administrative Offices FI 73 41 (Ed. 08/15)
301 E 4th Street
Cincinnati OH 45202-4201
513 369 5000 ph
IN WITNESS CLAUSE
In Witness Whereof, we have caused this Financial Institution Bond to be
executed and attested, and, if required by state law, this Financial Institution
Bond shall not be valid unless countersigned by our authorized representative.
[ILLEGIBLE] /s/ Eve Cutter Rosen
PRESIDENT SECRETARY
Copyright Great American Insurance Co., 2009
FI 73 41 (Ed. 08/15)