Andrew R. French

Vice President

T: 973-367-2396

E:  andrew.french@prudential.com 

655 Broad Street, Newark, NJ, 07102

September 27, 2022

Filed Via EDGAR

Securities & Exchange Commission

450 Fifth Street, N.W.

Washington, D.C. 20549

Dear Sir or Madam,

Pursuant to the requirements of Rule 17g-1(g)(1) of the Investment Company Act of 1940, as amended (the "Investment Company Act"), I enclose herewith the following documents:

1.A copy of the joint fidelity bond for: Advanced Series Trust,, The Prudential Series Fund, Prudential's Gibraltar Fund, Inc., Prudential Investment Portfolios 2, Prudential Investment Portfolios 3, Prudential Investment Portfolios 4, Prudential Investment Portfolios 5, Prudential Investment Portfolios 6, Prudential Investment Portfolios 7, Prudential Investment Portfolios 8, Prudential Investment Portfolios 9, Prudential Investment Portfolios 12, Prudential Investment Portfolios 16, Prudential Investment Portfolios 18, Prudential Investment Portfolios, Inc., Prudential Investment Portfolios, Inc. 10, Prudential Investment Portfolios, Inc. 14, Prudential Investment Portfolios, Inc. 15, Prudential Investment Portfolios, Inc. 17, Target Portfolio Trust, Prudential Government Money Market Fund, Inc., Prudential National Muni Fund, Inc., Prudential Jennison Blend Fund, Inc., Prudential Jennison Mid-Cap Growth Fund, Inc., Prudential Jennison Small Company Fund, Inc., Prudential Jennison Natural Resources Fund, Inc., Prudential World Fund, Inc., Prudential Global Total Return Fund, Inc., Prudential Sector Funds, Inc., Prudential Short-Term Corporate Bond Fund, Inc, The Prudential Variable Contract Account-2, The Prudential Variable Contract Account-10, PGIM High Yield Bond Fund, Inc., PGIM Global High Yield Fund, Inc., PGIM Short Duration High Yield Opportunities Fund and PGIM ETF Trust;

2.certified copies of the resolutions of a majority of the Board of Directors and/or Trustees who are not "interested persons" of the above-listed registered investment companies approving the amount, type, form, and coverage of the bond and the portion of the premium to be paid; 

i.a statement showing the amount of the single insured bond which each investment company would have provided and maintained had it not been named as an insured under the joint fidelity bond; 

 ii.a statement as to the period for which premiums have been paid; and

 iii.a copy of the Agreement dated August 1, 2022 between each of the above investment companies pursuant to Rule 17g-1(f) under the Investment Company Act. iv.If you have any questions regarding the filing, please telephone me at (973) 367-2396 or my legal assistant Marie Zimmerman at (973) 367-7099.

Very truly yours,

/s/ Andrew R. French

Andrew R. French

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

1401 H St. NW

Washington, DC 20005

INVESTMENT COMPANY BLANKET BOND

Bond (6/18)

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

1401 H St. NW

Washington, DC 20005

DECLARATIONS

NOTICE

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

Item 1. Name of Insured (the "Insured")

 

Bond Number

Prudential Jennison Blend Fund, Inc.

90143122B

Principal Office:

 

Mailing Address:

655 Broad St.

 

655 Broad St.

Newark, NJ 07102

 

Newark, NJ 07102

 

 

Item 2. Bond Period: from 12:01 a.m. on

August 1, 2022 , to 12:01 a.m. on August 1, 2023 , or

the earlier effective date of the termination of this Bond, standard time at the Principal Office as to each of said dates.

Item 3. Limit of Liability—

Subject to Sections 9, 10 and 12 hereof:

 

 

LIMIT OF

DEDUCTIBLE

 

 

LIABILITY

AMOUNT

Insuring Agreement A-

FIDELITY

$70,000,000

Not Applicable

Insuring Agreement B-

AUDIT EXPENSE

$50,000

$10,000

Insuring Agreement C-

ON PREMISES

$70,000,000

$100,000

Insuring Agreement D-

IN TRANSIT

$70,000,000

$100,000

Insuring Agreement E-

FORGERY OR ALTERATION

$70,000,000

$100,000

Insuring Agreement F-

SECURITIES

$70,000,000

$100,000

Insuring Agreement G-

COUNTERFEIT CURRENCY

$70,000,000

$100,000

Insuring Agreement H-

UNCOLLECTIBLE ITEMS OF DEPOSIT

$25,000

$5,000

Insuring Agreement I-

PHONE/ELECTRONIC TRANSACTIONS

$70,000,000

$100,000

If "Not Covered" is inserted opposite any Insuring Agreement above, such Insuring Agreement and any reference thereto shall be deemed to be deleted from this Bond.

OPTIONAL INSURING AGREEMENTS ADDED BY RIDER:

 

 

Insuring Agreement J- COMPUTER SECURITY

$70,000,000

$100,000

Insuring Agreement M- SOCIAL ENGINEERING FRAUD

$1,000,000

$100,000

Item 4. Offices or Premises Covered--All the Insured's offices or other premises in existence at the time this Bond becomes effective are covered under this Bond, except the offices or other premises excluded by Rider. Offices or other premises acquired or established after the effective date of this Bond are covered subject to the terms of General Agreement A.

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

Riders: 1-2-3-4-5-6-7-8

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

By: ____S/ Maggie Sullivan_________

By: ___/S/ Catherine Dalton______________

Authorized Representative

Authorized Representative

Bond (6/18)

 

INVESTMENT COMPANY BLANKET BOND

NOTICE

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

ICI Mutual Insurance Company, a Risk Retention Group (the "Underwriter"), in consideration of an agreed premium, and in reliance upon the Application and all other information furnished to the Underwriter by the Insured, and subject to and in accordance with the Declarations, General Agreements, Provisions, Conditions and Limitations and other terms of this bond (including all riders hereto) ("Bond"), to the extent of the Limit of Liability and subject to the Deductible Amount, agrees to indemnify the Insured for the loss, as described in the Insuring Agreements, sustained by the Insured at any time but discovered during the Bond Period.

INSURING AGREEMENTS

A.FIDELITY

Loss resulting directly from any Dishonest or Fraudulent Act committed by an Employee, committed anywhere and whether committed alone or in collusion with other persons (whether or not Employees), during the time such Employee has the status of an Employee as defined herein, and even if such loss is not discovered until after he or she ceases to be an Employee; and EXCLUDING loss covered under Insuring Agreement B.

B.AUDIT EXPENSE

Expense incurred by the Insured for that part of the costs of audits or examinations required by any governmental regulatory authority or Self-Regulatory Organization to be conducted by such authority or Organization or by an independent accountant or other person, by reason of the discovery of loss sustained by the Insured and covered by this Bond.

C.ON PREMISES

Loss of Property resulting directly from any Mysterious Disappearance, or any Dishonest or Fraudulent Act committed by a person physically present in an office or on the premises of the Insured at the time the Property is surrendered, while the Property is (or reasonably supposed or believed by the Insured to be) lodged or deposited within the Insured's offices or premises located anywhere, except those offices excluded by Rider; and EXCLUDING loss covered under Insuring Agreement A.

D.IN TRANSIT

Loss of Property resulting directly from any Mysterious Disappearance or Dishonest or Fraudulent Act while the Property is physically (not electronically) in transit anywhere in the custody of any person authorized by an Insured to act as a messenger, except while in the mail or with a carrier for hire (other than a Security Company); and EXCLUDING loss covered under Insuring Agreement A. Property is "in transit" beginning immediately upon receipt of such Property by the transporting person and ending immediately upon delivery to the designated recipient or its agent, but only while the Property is being conveyed.

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Bond (6/18)

 

E.FORGERY OR ALTERATION

Loss resulting directly from the Insured having, in good faith, paid or transferred any Property in reliance upon any Written, Original:

(1)bills of exchange, checks, drafts, or other written orders or directions to pay sums certain in money, acceptances, certificates of deposit, due bills, money orders, warrants, orders upon public treasuries, or letters of credit; or

(2)instructions, requests or applications directed to the Insured, authorizing or acknowledging the transfer, payment, redemption, delivery or receipt of money or Property, or giving notice of any bank account (provided such instructions or requests or applications purport to have been signed or endorsed by (a) any customer of the Insured, or (b) any shareholder of or subscriber to shares issued by any Investment Company, or (c) any financial or banking institution or stockbroker, and further provided such instructions, requests, or applications either bear the forged signature or endorsement or have been altered without the knowledge and consent of such customer, such shareholder or subscriber to shares issued by an Investment Company, or such financial or banking institution or stockbroker); or

(3)withdrawal orders or receipts for the withdrawal of 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;

which bear (a) a Forgery, or (b) an Alteration, but only to the extent that the Forgery or Alteration directly causes the loss.

Actual physical possession by the Insured or its authorized representative of the items listed in

(1) through (3) above is a condition precedent to the Insured having relied upon the items.

This Insuring Agreement E does not cover loss caused by Forgery or Alteration of Securities or loss covered under Insuring Agreement A.

F. SECURITIES

Loss resulting directly from the Insured, in good faith, in the ordinary course of business, and in any capacity whatsoever, whether for its own account or for the account of others, having acquired, accepted or received, or sold or delivered, or given any value, extended any credit or assumed any liability in reliance on any Written, Original Securities, where such loss results from the fact that such Securities prove to:

(1)be Counterfeit, but only to the extent that the Counterfeit directly causes the loss, or

(2)be lost or stolen, or

(3)contain a Forgery or Alteration, but only to the extent the Forgery or Alteration directly causes the loss,

and notwithstanding whether or not the act of the Insured causing such loss violated the constitution, by-laws, rules, or regulations of any Self-Regulatory Organization, whether or not the Insured was a member thereof.

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Bond (6/18)

 

This Insuring Agreement F does not cover loss covered under Insuring Agreement A.

Actual physical possession by the Insured or its authorized representative of the Securities is a condition precedent to the Insured having relied upon the Securities.

G.COUNTERFEIT CURRENCY

Loss resulting directly from the receipt by the Insured, in good faith of any Counterfeit Currency. This Insuring Agreement G does not cover loss covered under Insuring Agreement A.

H.UNCOLLECTIBLE ITEMS OF DEPOSIT

Loss resulting directly from the payment of dividends, issuance of Fund shares or redemptions or exchanges permitted from an account with the Fund as a consequence of

(1)uncollectible Items of Deposit of a Fund's customer, shareholder or subscriber credited by the Insured or its agent to such person's Fund account, or

(2)any Item of Deposit processed through an automated clearing house which is reversed by a Fund's customer, shareholder or subscriber and is deemed uncollectible by the Insured;

PROVIDED, that (a) Items of Deposit shall not be deemed uncollectible until the Insured's collection procedures have failed, (b) exchanges of shares between Funds with exchange privileges shall be covered hereunder only if all such Funds are insured by the Underwriter for uncollectible Items of Deposit, and (c) the Insured Fund shall have implemented and maintained a policy to hold Items of Deposit for the minimum number of days stated in its Application (as amended from time to time) before paying any dividend or permitting any withdrawal with respect to such Items of Deposit (other than exchanges between Funds). Regardless of the number of transactions between Funds in an exchange program, the minimum number of days an Item of Deposit must be held shall begin from the date the Item of Deposit was first credited to any Insured Fund.

This Insuring Agreement H does not cover loss covered under Insuring Agreement A.

I. PHONE/ELECTRONIC TRANSACTIONS

Loss resulting directly from a Phone/Electronic Transaction, where the request for such Phone/Electronic Transaction:

(1)is transmitted to the Insured or its agents by voice over the telephone or by Electronic Transmission; and

(2)is made by an individual purporting to be a Fund shareholder or subscriber or an authorized agent of a Fund shareholder or subscriber; and

(3)is unauthorized or fraudulent and is made with the manifest intent to deceive;

PROVIDED, that the entity receiving such request generally maintains and follows during the Bond Period all Phone/Electronic Transaction Security Procedures with respect to all Phone/Electronic Transactions; and

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Bond (6/18)

 

EXCLUDING loss resulting from:

(1)the failure to pay for shares attempted to be purchased; or

(2)any redemption of Investment Company shares which had been improperly credited to a shareholder's account where such shareholder (a) did not cause, directly or indirectly, such shares to be credited to such account, and (b) directly or indirectly received any proceeds or other benefit from such redemption; or

(3)any redemption of shares issued by an Investment Company where the proceeds of such redemption were requested (i) to be paid or made payable to other than an Authorized Recipient or an Authorized Bank Account or (ii) to be sent to other than an Authorized Address;

(4)the intentional failure to adhere to one or more Phone/Electronic Transaction Security Procedures; or

(5)a Phone/Electronic Transaction request transmitted by electronic mail or transmitted by any method not subject to the Phone/Electronic Transaction Security Procedures; or

(6)the failure or circumvention of any physical or electronic protection device, including any firewall, that imposes restrictions on the flow of electronic traffic in or out of any Computer System.

This Insuring Agreement I does not cover loss covered under Insuring Agreement A, "Fidelity" or Insuring Agreement J, "Computer Security".

GENERAL AGREEMENTS

A.ADDITIONAL OFFICES OR EMPLOYEES—CONSOLIDATION OR MERGER— NOTICE

1.Except as provided in paragraph 2 below, this Bond shall apply to any additional office(s) established by the Insured during the Bond Period and to all Employees during the Bond Period, without the need to give notice thereof or pay additional premiums to the Underwriter for the Bond Period.

2.If during the Bond Period an Insured Investment Company shall merge or consolidate with an institution in which such Insured is the surviving entity, or purchase substantially all the assets or capital stock of another institution, or acquire or create a separate investment portfolio, and shall within sixty (60) days notify the Underwriter thereof, then this Bond shall automatically apply to the Property and Employees resulting from such merger, consolidation, acquisition or creation from the date thereof; provided, that the Underwriter may make such coverage contingent upon the payment of an additional premium.

B.WARRANTY

No statement made by or on behalf of the Insured, whether contained in the Application or otherwise, shall be deemed to be an absolute warranty, but only a warranty that such statement is true to the best of the knowledge of the person responsible for such statement.

5

Bond (6/18)

 

C.COURT COSTS AND ATTORNEYS' FEES

The Underwriter will indemnify the Insured against court costs and reasonable attorneys' fees incurred and paid by the Insured in defense of any legal proceeding brought against the Insured seeking recovery for any loss which, if established against the Insured, would constitute a loss 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 having committed or is adjudicated to have committed a Dishonest or Fraudulent Act which caused the loss; or

2.in the absence of such an admission or adjudication, an arbitrator or arbitrators acceptable to the Insured and the Underwriter concludes, after a review of an agreed statement of facts, that an Employee has committed a Dishonest or Fraudulent Act which caused the loss.

The Insured shall promptly give notice to the Underwriter of any such legal proceeding and upon request shall furnish the Underwriter 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 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 legal proceeding.

If the amount of the Insured's liability or alleged liability in any such legal proceeding is greater than the amount which the Insured would be entitled to recover under this Bond (other than pursuant to this General Agreement C), or if a Deductible Amount is applicable, or both, the indemnity liability of the Underwriter under this General Agreement C is limited to the proportion of court costs and attorneys' fees incurred and paid by the Insured or by the Underwriter that the amount which the Insured would be entitled to recover under this Bond (other than pursuant to this General Agreement C) bears to the sum of such amount plus the amount which the Insured is not entitled to recover. Such indemnity shall be in addition to the Limit of Liability for the applicable Insuring Agreement.

D.INTERPRETATION

This Bond shall be interpreted with due regard to the purpose of fidelity bonding under Rule 17g-1 under the Investment Company Act of 1940 (i.e., to protect innocent third parties from harm) and to the structure of the investment management industry (in which a loss of Property resulting from a cause described in any Insuring Agreement ordinarily gives rise to a potential legal liability on the part of the Insured), such that the term "loss" as used herein shall include an Insured's legal liability for direct compensatory damages resulting directly from a misappropriation, or measurable diminution in value, of Property.

6

Bond (6/18)

 

THIS BOND, INCLUDING THE FOREGOING INSURING AGREEMENTS AND GENERAL AGREEMENTS, IS SUBJECT TO THE FOLLOWING PROVISIONS, CONDITIONS AND LIMITATIONS:

SECTION 1. DEFINITIONS

The following terms used in this Bond shall have the meanings stated in this Section:

A."Alteration" means the marking, changing or altering in a material way of the terms, meaning or legal effect of a document with the intent to deceive.

B."Application" means the Insured's application (and any attachments and materials submitted in connection therewith) furnished to the Underwriter for this Bond.

C."Authorized Address" means (1) any Officially Designated address to which redemption proceeds may be sent, (2) any address designated in writing (not to include Electronic Transmission) by the Shareholder of Record and received by the Insured at least one (1) day prior to the effective date of such designation, or (3) any address designated by voice over the telephone or by Electronic Transmission by the Shareholder of Record at least 15 days prior to the effective date of such designation.

D."Authorized Bank Account" means any Officially Designated bank account to which redemption proceeds may be sent.

E."Authorized Recipient" means (1) the Shareholder of Record, or (2) any other Officially Designated person to whom redemption proceeds may be sent.

F."Computer System" means (1) computers with related peripheral components, including storage components, (2) systems and applications software, (3) terminal devices, (4) related communications networks or customer communication systems, and (5) related electronic funds transfer systems; by which data or monies are electronically collected, transmitted, processed, stored or retrieved.

G."Counterfeit" means a Written imitation of an actual valid Original which is intended to deceive and to be taken as the Original.

H."Cryptocurrency" means a digital or electronic medium of exchange, operating independently of a central bank, in which encryption techniques are used to regulate generation of units and to verify transfer of units from one person to another.

I."Currency" means a medium of exchange in current use authorized or adopted by a domestic or foreign government as part of its official currency.

J."Deductible Amount" means, with respect to any Insuring Agreement, the amount set forth under the heading "Deductible Amount" in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

K."Depository" means any "securities depository" (other than any foreign securities depository) in which an Investment Company may deposit its Securities in accordance with Rule 17f-4 under the Investment Company Act of 1940.

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Bond (6/18)

 

L."Dishonest or Fraudulent Act" means any dishonest or fraudulent act, including "larceny and embezzlement" as defined in Section 37 of the Investment Company Act of 1940, committed with the conscious manifest intent (1) to cause the Insured to sustain a loss and (2) to obtain an improper financial benefit for the perpetrator or any other person or entity. A Dishonest or Fraudulent Act does not mean or include a reckless act, a negligent act, or a grossly negligent act. As used in this definition, "improper financial benefit" does not include any employee benefits received in the course of employment, including salaries, commissions, fees, bonuses, promotions, awards, profit sharing or pensions.

M."Electronic Transmission" means any transmission effected by electronic means, including but not limited to a transmission effected by telephone tones, Telefacsimile, wireless device, or over the Internet.

N."Employee" means:

(1)each officer, director, trustee, partner or employee of the Insured, and

(2)each officer, director, trustee, partner or employee of any predecessor of the Insured whose principal assets are acquired by the Insured by consolidation or merger with, or purchase of assets or capital stock of, such predecessor, and

(3)each attorney performing legal services for the Insured and each employee of such attorney or of the law firm of such attorney while performing services for the Insured, and

(4)each student who is an authorized intern of the Insured, while in any of the Insured's offices, and

(5)each officer, director, trustee, partner or employee of

(a)an investment adviser,

(b)an underwriter (distributor),

(c)a transfer agent or shareholder accounting recordkeeper, or

(d)an administrator authorized by written agreement to keep financial and/or other required records,

for an Investment Company named as an Insured, BUT ONLY while (i) such officer, partner or employee is performing acts coming within the scope of the usual duties of an officer or employee of an Insured, or (ii) such officer, director, trustee, partner or employee is 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, or (iii) such director or trustee (or anyone acting in a similar capacity) is acting outside the scope of the usual duties of a director or trustee; PROVIDED, that the term "Employee" shall not include any officer, director, trustee, partner or employee of a transfer agent, shareholder accounting recordkeeper or administrator (x) which is not an "affiliated person" (as defined in Section 2(a) of the Investment Company Act of 1940) of an Investment Company named as an Insured or of the adviser or underwriter of such Investment Company, or

(y)which is a "Bank" (as defined in Section 2(a) of the Investment Company Act of 1940), and

(6)each individual assigned, by contract or by any agency furnishing temporary personnel, in either case on a contingent or part-time basis, to perform the usual duties of an employee in any office of the Insured, and

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Bond (6/18)

 

(7)each individual assigned to perform the usual duties of an employee or officer of any entity 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 a processor which acts as transfer agent or in any other agency capacity for the Insured in issuing checks, drafts or securities, unless included under subsection (5) hereof, and

(8)each officer, partner or employee of

(a)any Depository or Exchange,

(b)any nominee in whose name is registered any Security included in the systems for the central handling of securities established and maintained by any Depository, and

(c)any recognized service company which provides clerks or other personnel to any Depository or Exchange on a contract basis,

while such officer, partner or employee is performing services for any Depository in the operation of systems for the central handling of securities, and

(9)in the case of an Insured which is an "employee benefit plan" (as defined in Section 3 of the Employee Retirement Income Security Act of 1974 ("ERISA")) for officers, directors or employees of another Insured ("In-House Plan"), any "fiduciary" or other "plan official" (within the meaning of Section 412 of ERISA) of such In-House Plan, provided that such fiduciary or other plan official is a director, partner, officer, trustee or employee of an Insured (other than an In-House Plan).

Each employer of temporary personnel and each entity referred to in subsections (6) and (7) and their respective partners, officers and employees shall collectively be deemed to be one person for all the purposes of this Bond.

Brokers, agents, independent contractors, or representatives of the same general character shall not be considered Employees, except as provided in subsections (3), (6), and (7).

O."Exchange" means any national securities exchange registered under the Securities Exchange Act of 1934.

P."Forgery" means the physical signing on a document of the name of another person with the intent to deceive. A Forgery may be by means of mechanically reproduced facsimile signatures as well as handwritten signatures. Forgery does not include the signing of an individual's own name, regardless of such individual's authority, capacity or purpose.

Q."Items of Deposit" means one or more checks or drafts.

R."Investment Company" or "Fund" means an investment company registered under the Investment Company Act of 1940.

S."Limit of Liability" means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading "Limit of Liability" in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

T."Mysterious Disappearance" means any disappearance of Property which, after a reasonable investigation has been conducted, cannot be explained.

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Bond (6/18)

 

U."Non-Fund" means any corporation, business trust, partnership, trust or other entity which is not an Investment Company.

V."Officially Designated" means designated by the Shareholder of Record:

(1)in the initial account application,

(2)in writing accompanied by a signature guarantee, or

(3)in writing or by Electronic Transmission, where such designation is verified via a callback to the Shareholder of Record by the Insured at a predetermined telephone number provided by the Shareholder of Record to the Insured in writing at least 30 days prior to such callback.

W."Original" means the first rendering or archetype and does not include photocopies or electronic transmissions even if received and printed.

X."Phone/Electronic Transaction" means any (1) redemption of shares issued by an Investment Company, (2) election concerning dividend options available to Fund shareholders, (3) 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, or (4) purchase of shares issued by an Investment Company, which redemption, election, exchange or purchase is requested by voice over the telephone or through an Electronic Transmission.

Y."Phone/Electronic Transaction Security Procedures" means security procedures for Phone/ Electronic Transactions as set forth in the Application and/or as otherwise provided in writing to the Underwriter.

Z."Property" means the following tangible items: money, postage and revenue stamps, precious metals, Securities, bills of exchange, acceptances, checks, drafts, or other written orders or directions to pay sums certain in money, certificates of deposit, due bills, money orders, letters of credit, financial futures contracts, conditional sales contracts, abstracts of title, insurance policies, deeds, mortgages, and assignments of any of the foregoing, 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 (but excluding all data processing records), (1) in which the Insured has a legally cognizable interest, (2) in which the Insured acquired or should have acquired such an interest by reason of a predecessor's declared financial condition at the time of the Insured's consolidation or merger with, or purchase of the principal assets of, such predecessor or (3) which are held by the Insured for any purpose or in any capacity.

AA."Securities" means original negotiable or non-negotiable agreements or instruments which represent an equitable or legal interest, ownership or debt (including stock certificates, bonds, promissory notes, and assignments thereof), which are in the ordinary course of business transferable by physical delivery with appropriate endorsement or assignment. "Securities" does not include bills of exchange, acceptances, certificates of deposit, checks, drafts, or other written orders or directions to pay sums certain in money, due bills, money orders, or letters of credit.

BB."Security Company" means an entity which provides or purports to provide the transport of Property by secure means, including, without limitation, by use of armored vehicles or guards.

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Bond (6/18)

 

CC."Self-Regulatory Organization" means any association of investment advisers or securities dealers registered under the federal securities laws, or any Exchange.

DD."Shareholder of Record" means the record owner of shares issued by an Investment Company or, in the case of joint ownership of such shares, all record owners, as designated (1) in the initial account application, or (2) in writing accompanied by a signature guarantee, or (3) pursuant to procedures as set forth in the Application and/or as otherwise provided in writing to the Underwriter.

EE."Single Loss" means:

(1)all loss caused by any one act (other than a Dishonest or Fraudulent Act) committed by one person, or

(2)all loss caused by Dishonest or Fraudulent Acts committed by one person, or

(3)all expenses incurred with respect to any one audit or examination, or

(4)all loss caused by any one occurrence or event other than those specified in subsections (1) through

(3) above.

All acts or omissions of one or more persons which directly or indirectly aid or, by failure to report or otherwise, permit the continuation of an act referred to in subsections (1) and (2) above of any other person shall be deemed to be the acts of such other person for purposes of this subsection.

All acts or occurrences or events which have as a common nexus any fact, circumstance, situation, transaction or series of facts, circumstances, situations, or transactions shall be deemed to be one act, one occurrence, or one event.

FF."Telefacsimile" means a system of transmitting and reproducing fixed graphic material (as, for example, printing) by means of signals transmitted over telephone lines or over the Internet.

GG."Written" means expressed through letters or marks placed upon paper and visible to the eye.

SECTION 2. EXCLUSIONS

THIS BOND DOES NOT COVER:

A.Loss resulting from (1) riot or civil commotion outside the United States of America and Canada, or (2) war, revolution, insurrection, action by armed forces, or usurped power, wherever occurring; except if such loss occurs while the Property is in transit, is otherwise covered under Insuring Agreement D, and when such transit was initiated, the Insured or any person initiating such transit on the Insured's behalf had no knowledge of such riot, civil commotion, war, revolution, insurrection, action by armed forces, or usurped power.

B.Loss in time of peace or war resulting from nuclear fission or fusion or radioactivity, or biological or chemical agents or hazards, or fire, smoke, or explosion, or the effects of any of the foregoing.

C.Loss resulting from any Dishonest or Fraudulent Act committed by any person while acting in the capacity of a member of the Board of Directors or any equivalent body of the Insured or of any other entity.

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Bond (6/18)

 

D.Loss resulting from any nonpayment or other default of any loan or similar transaction made by the Insured or any of its partners, directors, officers or employees, whether or not authorized and whether procured in good faith or through a Dishonest or Fraudulent Act, unless such loss is otherwise covered under Insuring Agreement A, E, or F.

E.Loss resulting from any violation by the Insured or by any Employee of any law, or any rule or regulation pursuant thereto or adopted by a Self-Regulatory Organization, regulating the issuance, purchase or sale of securities, securities transactions upon security exchanges or over the counter markets, Investment Companies, or investment advisers, unless such loss, in the absence of such law, rule or regulation, would be covered under Insuring Agreement A, E, or F.

F.Loss resulting from Property that is the object of a Dishonest or Fraudulent Act or Mysterious Disappearance while in the custody of any Security Company, unless such loss is covered under this Bond and is in excess of the amount recovered or received by the Insured under (1) the Insured's contract with such Security Company, and (2) insurance or indemnity of any kind carried by such Security Company for the benefit of, or otherwise available to, users of its service, in which case this Bond shall cover only such excess, subject to the applicable Limit of Liability and Deductible Amount.

G.Potential income, including but not limited to interest and dividends, not realized by the Insured because of a loss covered under this Bond, except when covered under Insuring Agreement H.

H.Loss in the form of (1) damages of any type for which the Insured is legally liable, except direct compensatory damages, or (2) taxes, fines, or penalties, including without limitation two-thirds of treble damage awards pursuant to judgments under any statute or regulation.

I.Loss resulting from the surrender of Property away from an office of the Insured as a result of kidnap, ransom, or extortion, or a threat

(1)to do bodily harm to any person, except where the Property is in transit in the custody of any person acting as messenger as a result of a threat to do bodily harm to such person, if the Insured had no knowledge of such threat at the time such transit was initiated, or

(2)to do damage to the premises or Property of the Insured,

unless such loss is otherwise covered under Insuring Agreement A.

J.All costs, fees, and other expenses incurred by the Insured in establishing the existence of or amount of loss covered under this Bond, except to the extent certain audit expenses are covered under Insuring Agreement B.

K.Loss resulting from payments made to or withdrawals from any account, involving funds erroneously credited to such account, unless such loss is otherwise covered under Insuring Agreement A.

L.Loss resulting from uncollectible Items of Deposit which are drawn upon a financial institution outside the United States of America, its territories and possessions, or Canada.

M.Loss resulting from the Dishonest or Fraudulent Acts or other acts or omissions of an Employee primarily engaged in the sale of shares issued by an Investment Company to persons other than (1) a person registered as a broker under the Securities Exchange Act of 1934 or (2) an "accredited investor" as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, which is not an individual.

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Bond (6/18)

 

N.Loss resulting from the use of credit, debit, charge, access, convenience, identification, cash management or other cards, whether such cards were issued or purport to have been issued by the Insured or by anyone else, unless such loss is otherwise covered under Insuring Agreement A.

O.Loss resulting from any purchase, redemption or exchange of securities issued by an Investment Company or other Insured, or any other instruction, request, acknowledgement, notice or transaction involving securities issued by an Investment Company or other Insured or the dividends in respect thereof, when any of the foregoing is requested, authorized or directed or purported to be requested, authorized or directed by voice over the telephone or by Electronic Transmission, unless such loss is otherwise covered under Insuring Agreement A or Insuring Agreement I.

P.Loss resulting from any Dishonest or Fraudulent Act or committed by an Employee as defined in Section 1.N(2), unless such loss (1) could not have been reasonably discovered by the due diligence of the Insured at or prior to the time of acquisition by the Insured of the assets acquired from a predecessor, and (2) arose out of a lawsuit or valid claim brought against the Insured by a person unaffiliated with the Insured or with any person affiliated with the Insured.

Q.Loss resulting from the unauthorized entry of data into, or the deletion or destruction of data in, or the change of data elements or programs within, any Computer System, unless such loss is otherwise covered under Insuring Agreement A.

R.Loss resulting from the theft, disappearance, destruction, disclosure, or unauthorized use of confidential or personal information (including, but not limited to, trade secrets, personal shareholder or client information, shareholder or client lists, personally identifiable financial or medical information, intellectual property, or any other type of non-public information), whether such information is owned by the Insured or held by the Insured in any capacity (including concurrently with another person); provided, however, this exclusion shall not apply to loss arising out of the use of such information to support or facilitate the commission of an act otherwise covered by this Bond.

S.All costs, fees, and other expenses arising from a data security breach or incident, including, but not limited to, forensic audit expenses, fines, penalties, expenses to comply with federal and state laws and expenses related to notifying affected individuals.

T.Loss resulting from vandalism or malicious mischief.

U.Loss resulting from the theft, disappearance, or destruction of Cryptocurrency or from the change in value of Cryptocurrency, unless such loss (1) is sustained by any investment company registered under the Investment Company Act of 1940 that is named as an Insured and (2) is otherwise covered under Insuring Agreement A.

SECTION 3. ASSIGNMENT OF RIGHTS

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

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

SECTION 4. LOSSNOTICEPROOFLEGAL PROCEEDINGS

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

The Insured shall provide the Underwriter with such information, assistance, and cooperation as the Underwriter may reasonably request.

See also General Agreement C (Court Costs and Attorneys' Fees).

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

The Insured shall not bring legal proceedings against the Underwriter to recover any loss hereunder prior to sixty (60) days after filing such proof of loss or subsequent to twenty-four (24) months after the discovery of such loss or, in the case of a legal proceeding to recover hereunder on account of any judgment against the Insured in or settlement of any suit mentioned in General Agreement C or to recover court costs or attorneys' fees paid in any such suit, twenty-four (24) months after the date of the final judgment in or settlement of such suit. If any limitation in this Bond is prohibited by any applicable law, such limitation shall be deemed to be amended to be equal to the minimum period of limitation permitted by such law.

Notice hereunder shall be given to Manager, Professional Liability Claims, ICI Mutual Insurance Company, RRG, 1401 H St. NW, Washington, DC 20005, with an electronic copy to LegalSupport@icimutual.com.

SECTION 5. DISCOVERY

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

(1)becomes aware of facts, or

(2)receives notice of an actual or potential claim by a third party which alleges that the Insured is liable under circumstances,

which would cause a reasonable person to assume that a loss of a type covered by this Bond has been or is likely to be incurred, regardless of when the act or acts causing or contributing to such loss occurred, even though the exact amount or details of the loss may not be known.

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SECTION 6. VALUATION OF PROPERTY

For the purpose of determining the amount of any loss hereunder, the value of any Property shall be the market value of such Property at the close of business on the first business day before the discovery of such loss; except that

(1)the value of any Property replaced by the Insured prior to the payment of a claim therefor shall be the actual market value of such Property at the time of replacement, but not in excess of the market value of such Property on the first business day before the discovery of the loss of such Property;

(2)the value of Securities which must be produced to exercise subscription, conversion, redemption or deposit privileges shall be the market value of such privileges immediately preceding the expiration thereof if the loss of such Securities is not discovered until after such expiration, but if there is no quoted or other ascertainable market price for such Property or privileges referred to in clauses (1) and (2), their value shall be fixed by agreement between the parties or by arbitration before an arbitrator or arbitrators acceptable to the parties; and

(3)the value of books of accounts or other records used by the Insured in the conduct of its business shall be limited to the actual cost of blank books, blank pages or other materials if the books or records are reproduced plus the cost of labor for the transcription or copying of data furnished by the Insured for reproduction.

SECTION 7. LOST SECURITIES

The maximum liability of the Underwriter hereunder for lost Securities shall be the payment for, or replacement of, such Securities having an aggregate value not to exceed the applicable Limit of Liability. If the Underwriter shall make payment to the Insured for any loss of Securities, the Insured shall assign to the Underwriter all of the Insured's right, title and interest in and to such Securities. In lieu of such payment, the Underwriter may, at its option, replace such lost Securities, and in such case the Insured shall cooperate to effect such replacement. To effect the replacement of lost Securities, the Underwriter may issue or arrange for the issuance of a lost instrument bond. If the value of such Securities does not exceed the applicable Deductible Amount (at the time of the discovery of the loss), the Insured will pay the usual premium charged for the lost instrument bond and will indemnify the issuer of such bond against all loss and expense that it may sustain because of the issuance of such bond.

If the value of such Securities exceeds the applicable Deductible Amount (at the time of discovery of the loss), the Insured will pay a proportion of the usual premium charged for the lost instrument bond, equal to the percentage that the applicable Deductible Amount bears to the value of such Securities upon discovery of the loss, and will indemnify the issuer of such bond against all loss and expense that is not recovered from the Underwriter under the terms and conditions of this Bond, subject to the applicable Limit of Liability.

SECTION 8. SALVAGE

If any recovery is made, whether by the Insured or the Underwriter, on account of any loss within the applicable Limit of Liability hereunder, the Underwriter shall be entitled to the full amount of such recovery to reimburse the Underwriter for all amounts paid hereunder with respect to such loss. If any recovery is made, whether by the Insured or the Underwriter, on account of any loss in excess of the applicable 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 amount of such recovery, net of the actual costs and expenses of recovery, shall

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Bond (6/18)

 

be applied to reimburse the Insured in full for the portion of such loss in excess of such Limit of Liability, and the remainder, if any, shall be paid first to reimburse the Underwriter for all amounts paid hereunder with respect to such loss and then to the Insured to the extent of the portion of such loss within the Deductible Amount. The Insured shall execute all documents which the Underwriter deems necessary or desirable to secure to the Underwriter the rights provided for herein.

SECTION 9. NON-REDUCTION AND NON-ACCUMULATION OF LIABILITY AND TOTAL LIABILITY

Prior to its termination, this Bond shall continue in force up to the Limit of Liability for each Insuring Agreement for each Single Loss, notwithstanding any previous loss (other than such Single 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 any Single Loss shall be limited to the applicable Limit of Liability irrespective of the total amount of such Single Loss and shall not be cumulative in amounts from year to year or from period to period.

SECTION 10. MAXIMUM LIABILITY OF UNDERWRITER; OTHER BONDS OR POLICIES

The maximum liability of the Underwriter for any Single Loss covered by any Insuring Agreement under this Bond shall be the Limit of Liability applicable to such Insuring Agreement, subject to the applicable Deductible Amount and the other provisions of this Bond. Recovery for any Single Loss may not be made under more than one Insuring Agreement. If any Single Loss covered under this Bond is recoverable or recovered in whole or in part because of an unexpired discovery period under any other bonds or policies issued by the Underwriter to the Insured or to any predecessor in interest of the Insured, the maximum liability of the Underwriter shall be the greater of either (1) the applicable Limit of Liability under this Bond, or (2) the maximum liability of the Underwriter under such other bonds or policies.

SECTION 11. OTHER INSURANCE

Notwithstanding anything to the contrary herein, if any loss covered by this Bond shall also be covered by other insurance or suretyship for the benefit of the Insured, the Underwriter shall be liable hereunder only for the portion of such loss in excess of the amount recoverable under such other insurance or suretyship, but not exceeding the applicable Limit of Liability of this Bond.

SECTION 12. DEDUCTIBLE AMOUNT

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

No Deductible Amount shall apply to any loss covered under Insuring Agreement A sustained by any Investment Company named as an Insured.

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SECTION 13. TERMINATION

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

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

This Bond will terminate as to any Insured that is a Non-Fund immediately and without notice upon

(1)the takeover of such Insured's business by any State or Federal official or agency, or by any receiver or liquidator, or (2) the filing of a petition under any State or Federal statute relative to bankruptcy or reorganization of the Insured, or assignment for the benefit of creditors of the Insured.

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

Upon the detection by any Insured that an Employee has committed any Dishonest or Fraudulent Act(s), the Insured shall immediately remove such Employee from a position that may enable such Employee to cause the Insured to suffer a loss by any subsequent Dishonest or Fraudulent Act(s). The Insured, within two (2) business days of such detection, shall notify the Underwriter with full and complete particulars of the detected Dishonest or Fraudulent Act(s).

For purposes of this section, detection occurs when any partner, officer, or supervisory employee of any Insured, who is not in collusion with such Employee, becomes aware that the Employee has committed any Dishonest or Fraudulent Act(s).

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

SECTION 14. RIGHTS AFTER TERMINATION

At any time prior to the effective date of termination of this Bond as to any Insured, such Insured may, by written notice to the Underwriter, elect to purchase the right under this Bond to an additional period of twelve (12) months within which to discover loss sustained by such Insured prior to the effective date of such termination and shall pay an additional premium therefor as the Underwriter may require.

Such additional discovery period shall terminate immediately and without notice upon the takeover of such Insured's business by any State or Federal official or agency, or by any receiver or liquidator. Promptly after such termination the Underwriter shall refund to the Insured any unearned premium.

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Bond (6/18)

 

The right to purchase such additional discovery period 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.

SECTION 15. CENTRAL HANDLING OF SECURITIES

The Underwriter shall not be liable for loss in connection with the central handling of securities within the systems established and maintained by any Depository ("Systems"), unless the amount of such loss exceeds the amount recoverable or recovered under any bond or policy or participants' fund insuring the Depository against such loss (the "Depository's Recovery"); in such case the Underwriter shall be liable hereunder only for the Insured's share of such excess loss, subject to the applicable Limit of Liability, the Deductible Amount and the other terms of this Bond.

For determining the Insured's share of such excess loss, (1) the Insured shall be deemed to have an interest in any certificate representing any security included within the Systems equivalent to the interest the Insured then has in all certificates representing the same security included within the Systems; (2) the Depository shall have reasonably and fairly apportioned the Depository's Recovery among all those having an interest as recorded by appropriate entries in the books and records of the Depository in Property involved in such loss, so that each such interest shall share in the Depository's Recovery in the ratio that the value of each such interest bears to the total value of all such interests; and (3) the Insured's share of such excess loss shall be the amount of the Insured's interest in such Property in excess of the amount(s) so apportioned to the Insured by the Depository.

This Bond does not afford coverage in favor of any Depository or Exchange or any nominee in whose name is registered any security included within the Systems.

SECTION 16. ADDITIONAL COMPANIES INCLUDED AS INSURED

If more than one entity is named as the Insured:

A.the total liability of the Underwriter hereunder for each Single Loss shall not exceed the Limit of Liability which would be applicable if there were only one named Insured, regardless of the number of Insured entities which sustain loss as a result of such Single Loss,

B.the Insured first named in Item 1 of the Declarations shall be deemed authorized to make, adjust, and settle, and receive and enforce payment of, all claims hereunder as the agent of each other Insured for such purposes and for the giving or receiving of any notice required or permitted to be given hereunder; provided, that the Underwriter shall promptly furnish each named Insured Investment Company with (1) a copy of this Bond and any amendments thereto, (2) a copy of each formal filing of a claim hereunder by any other Insured, and (3) notification of the terms of the settlement of each such claim prior to the execution of such settlement,

C.the Underwriter shall not be responsible or have any liability for the proper application by the Insured first named in Item 1 of the Declarations of any payment made hereunder to the first named Insured,

D.for the purposes of Sections 4 and 13, knowledge possessed or discovery made by any partner, officer or supervisory Employee of any Insured shall constitute knowledge or discovery by every named Insured,

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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, and

F.each named Insured shall constitute "the Insured" for all purposes of this Bond.

SECTION 17. NOTICE AND CHANGE OF CONTROL

Within thirty (30) days after learning that there has been a change in control of an Insured by transfer of its outstanding voting securities the Insured shall give written notice to the Underwriter of:

A.the names of the transferors and transferees (or the names of the beneficial owners if the voting securities are registered 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.

SECTION 18. CHANGE OR MODIFICATION

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

SECTION 19. COMPLIANCE WITH APPLICABLE TRADE AND ECONOMIC SANCTIONS

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

SECTION 20. ANTI-BUNDLING

If any Insuring Agreement requires that an enumerated type of document be Counterfeit, or contain a Forgery or Alteration, the Counterfeit, Forgery, or Alteration must be on or of the enumerated document itself, not on or of some other document submitted with, accompanying or incorporated by reference into the enumerated document.

IN WITNESS WHEREOF, the Underwriter has caused this Bond to be executed on the Declarations Page.

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ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

INVESTMENT COMPANY BLANKET BOND

RIDER NO. 1

INSUREDBOND NUMBER

Prudential Jennison Blend Fund, Inc.

90143122B

EFFECTIVE DATE

BOND PERIOD

AUTHORIZED REPRESENTATIVE

August 1, 2022

August 1, 2022 to August 1, 2023

/S/ Catherine Dalton

In consideration of the premium charged for this Bond, it is hereby understood and agreed that Item 1 of the Declarations, Name of Insured, shall include the following:

In consideration of the premium charged for this Bond, it is hereby understood and agreed that Item 1 of the Declarations, Name of Insured, shall include the following:

Prudential’s Gibraltar Fund, Inc.
The Prudential Series Fund, Inc., a series fund consisting of:

o    PSF: Global Portfolio
o    PSF: International Growth Portfolio
o    PSF: Mid-Cap Growth Portfolio
o    PSF: PGIM Flexible Managed Portfolio
o    PSF: PGIM Government Income Portfolio
o    PSF: PGIM Government Money Market Portfolio
o    PSF: PGIM High Yield Bond Portfolio
o    PSF: PGIM 50/50 Balanced Portfolio
o    PSF: PGIM Jennison Blend Portfolio
o    PSF: PGIM Jennison Focused Blend Portfolio
o    PSF: PGIM Jennison Growth Portfolio
o    PSF: PGIM Jennison Value Portfolio
o    PSF: PGIM Total Return Bond Portfolio
o    PSF: Natural Resources Portfolio
o    PSF: Small- Cap Stock Index Portfolio
o    PSF: Small Cap Value Portfolio
o    PSF: Stock Index Portfolio

Advanced Series Trust, a series fund consisting of:
o    AST Academic Strategies Asset Allocation Portfolio
o    AST Advanced Strategies Portfolio
o    AST American Funds Growth Allocation Portfolio
o    AST Balanced Asset Allocation Portfolio
o    AST Blackrock 60/40 Target Allocation ETF Portfolio
o    AST Blackrock 80/20 Target Allocation ETF Portfolio
o    AST Blackrock Global Strategies Portfolio
o    AST Bond Portfolio 2022
o    AST Bond Portfolio 2023
o    AST Bond Portfolio 2024
o    AST Bond Portfolio 2025
o    AST Bond Portfolio 2026
o    AST Bond Portfolio 2027
o    AST Bond Portfolio 2028
o    AST Bond Portfolio 2029
o    AST Bond Portfolio 2030
o    AST Bond Portfolio 2031
o    AST Bond Portfolio 2032
o    AST Bond Portfolio 2033
o    AST Capital Growth Asset Allocation Portfolio
o    AST Clearbridge Dividend Growth Portfolio
o    AST Cohen & Steers Global Realty Portfolio
o    AST Cohen & Steers Realty Portfolio
o    AST Core Fixed Income Portfolio
o    AST Emerging Market Equity Portfolio
o    AST Franklin 85/15 Diversified Allocation Portfolio
o    AST Global Bond Portfolio
o    AST Government Money Market Portfolio
o    AST High Yield Portfolio
o    AST International Growth Portfolio
o    AST International Value Portfolio
o    AST Investment Grade Bond Portfolio
o    AST J.P. Morgan Global Thematic Portfolio
o    AST J.P. Morgan International Equity Portfolio
o    AST J.P. Morgan Tactical Preservation Portfolio
o    AST Large Cap Core Portfolio
o    AST Large-Cap Growth Portfolio
o    AST MFS Global Equity Portfolio
o    AST MFS Growth Allocation Portfolio
o    AST Mid-Cap Growth Portfolio
o    AST Mid-Cap Value Portfolio
o    AST Moderate Multi-Asset Portfolio
o    AST Multi-Sector Fixed Income Portfolio
o    AST PGIM Fixed Income Central Portfolio
o    AST Preservation Asset Allocation Portfolio
o    AST Prudential Flexible Multi-Strategy Portfolio
o    AST Prudential Growth Allocation Portfolio
o    AST QMA International Core Equity Portfolio
o    AST Quantitative Modeling Portfolio
o    AST Small-Cap Growth Opportunities Portfolio
o    AST Small-Cap Growth Portfolio
o    AST Small-Cap Value Portfolio
o    AST T. Rowe Price Asset Allocation Portfolio
o    AST T. Rowe Price Diversified Real Growth Portfolio
o    AST T. Rowe Price Growth Opportunities Portfolio
o    AST T. Rowe Price Natural Resources Portfolio
o    AST Target Maturity Central Portfolio
o    AST Wellington Management Hedged Equity Portfolio
o    AST Western Asset Emerging Markets Debt Portfolio Prudential Investment Portfolios, a series 
fund consisting of:
o    PGIM Balanced Fund
o    PGIM Jennison Focused Value Fund
o    PGIM Jennison Growth Fund
Prudential Investment Portfolio 2, a series fund consisting of:
o    PGIM Core Conservative Bond Fund
o    PGIM Core Short-Term Bond Fund
o    PGIM Core Ultra Short Bond Fund
o    PGIM Institutional Money Market Fund
o    PGIM Jennison Small-Cap Core Equity Fund
o    PGIM Quant Solutions Commodity Strategies Fund
o    PGIM Quant Solutions Emerging Markets Equity Fund
o    PGIM Quant Solutions International Developed Markets Index Fund
o    PGIM Quant Solutions Mid-cap Core Equity Fund
o    PGIM Quant Solutions US Broad Market Index Fund
o    PGIM Tips Fund
Prudential Investment Portfolios 3, a series fund consisting of:
o    PGIM Global Dynamic Bond Fund
o    PGIM Jennison Focused Growth Fund
o    PGIM Quant Solutions Large-Cap Value Fund
o    PGIM Real Assets Fund
o    PGIM Strategic Bond Fund
o    PGIM Wadhwani Systematic Absolute Return Fund Prudential Investment Portfolios 4, a series 
fund consisting of:
o    PGIM Muni High Income Fund
Prudential Investment Portfolio 5, a series fund consisting of: o    PGIM 60/40 Allocation Fund
o    PGIM Jennison Diversified Growth Fund
o    PGIM Jennison Rising Dividend Fund
o    Prudential Day One Income Fund
o    Prudential Day One 2015 Fund
o    Prudential Day One 2020 Fund
o    Prudential Day One 2025 Fund
o    Prudential Day One 2030 Fund
o    Prudential Day One 2035 Fund
o    Prudential Day One 2040 Fund
o    Prudential Day One 2045 Fund
o    Prudential Day One 2050 Fund
o    Prudential Day One 2055 Fund
o    Prudential Day One 2060 Fund
o    Prudential Day One 2065 Fund
Prudential Investment Portfolios 6, a series fund consisting of:
o    PGIM California Muni Income Fund
Prudential Investment Portfolios 7, a series fund consisting of:
o    PGIM Jennison Value Fund
Prudential Investment Portfolios 8, a series fund consisting of: o    PGIM Securitized Credit Fund
o    PGIM Quant Solutions Stock Index Fund
Prudential Investment Portfolios 9, a series fund consisting of:
o    PGIM Absolute Return Bond Fund
o    PGIM International Bond Fund
o    PGIM Quant Solutions Large Cap Core Equity Fund
o    PGIM Real Estate Income Fund
o    PGIM Select Real Estate Fund
Prudential Investment Portfolios, Inc. 10, a series fund consisting of:
o    PGIM Jennison Global Equity Income Fund
o    PGIM Quant Solutions Mid Cap Value Fund
Prudential Investment Portfolios 12, a series fund consisting of:
o    PGIM Global Real Estate Fund
o    PGIM Jennison International Small-Mid Cap Opportunities Fund
o    PGIM Jennison NextGeneration Global Opportunities Fund
o    PGIM Jennison Technology Fund
o    PGIM Short Duration Muni Fund
o    PGIM US Real State Fund
Prudential Investment Portfolios, Inc. 14, a series fund consisting of:
o    PGIM Floating Rate Income Fund
o    PGIM Government Income Fund
Prudential Investment Portfolios, Inc. 15, a series fund consisting of:
o    PGIM ESG High Yield Fund
o    PGIM High Yield Fund
o    PGIM Short Duration High Yield Income Fund Prudential Investment Portfolios 16, a series fund 
consisting of:
o    PGIM Income Builder Fund
Prudential Investment Portfolios, Inc. 17, a series fund consisting of:
o    PGIM ESG Total Return Bond Fund
o    PGIM Short Duration Multi-Sector Bond Fund
o    PGIM Total Return Bond Fund
o    PGIM ESG Short Duration Multi Sector Bond Fund Prudential Investment Portfolios 18, a series 
fund consisting of:
o    PGIM Jennison MLP Fund
Prudential Jennison Mid-Cap Growth Fund, Inc., a series fund consisting of:
o    PGIM Jennison Mid-Cap Growth Fund
Prudential Government Money Market Fund, Inc., a series fund consisting of:
o    PGIM Government Money Market Fund
Prudential Jennison Blend Fund, Inc., a series fund consisting of:
o    PGIM Jennison Blend Fund
Prudential Jennison Natural Resources Fund, Inc., a series fund consisting of:
o    PGIM Jennison Natural Resources Fund
Prudential Jennison Small Company Fund, Inc., a series fund consisting of:
o    PGIM Jennison Small Company Fund
Prudential National Muni Fund, Inc., a series fund consisting of:
o    PGIM National Muni Fund
Prudential Short-Term Corporate Bond Fund, Inc., a series fund consisting of:
o    PGIM Short-Term Corporate Bond Fund
The Target Portfolio Trust, a series fund consisting of:
o    PGIM Core Bond Fund
o    PGIM Corporate Bond Fund
o    PGIM Quant Solutions Small-Cap Value Fund Prudential World Fund, Inc., a series fund 
consisting of:
o    PGIM Emerging Markets Debt Hard Currency Fund
o    PGIM Emerging Markets Debt Local Currency Fund
o    PGIM Jennison Emerging Markets Equity Opportunities Fund
o    PGIM Jennison Global Infrastructure Fund
o    PGIM Jennison Global Opportunities Fund
o    PGIM Jennison International Opportunities Fund
o    PGIM Quant Solutions International Equity Fund Prudential Sector Funds, Inc., a series fund 
consisting of:
o    PGIM Jennison Financial Services Fund
o    PGIM Jennison Health Sciences Fund
o    PGIM Jennison Utility Fund
PGIM ETF Trust, a series fund consisting of:
o    PGIM Active Aggregate Bond ETF
o    PGIM Active High Yield Bond ETF
o    PGIM Floating Rate Income ETF
o    PGIM Quant Solutions Strategic Alpha International ETF
o    PGIM Total Return Bond ETF
o    PGIM Ultra Short Bond ETF
Prudential Global Total Return Fund, Inc., a series fund consisting of:
o    PGIM Global Total Return Fund
o    PGIM Global Total Return (USD) Hedged Fund PGIM Global High Yield Fund, Inc.
PGIM Short Duration High Yield Opportunities Fund
PGIM High Yield Bond Fund, Inc.
The Prudential Variable Contract Account-2
The Prudential Variable Contract Account-10

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

RN0001.0-00 (01/02)

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

INVESTMENT COMPANY BLANKET BOND

RIDER NO. 2

INSUREDBOND NUMBER

Prudential Jennison Blend Fund, Inc.

90143122B

EFFECTIVE DATE

BOND PERIOD

AUTHORIZED REPRESENTATIVE

August 1, 2022

August 1, 2022 to August 1, 2023

/S/ Catherine Dalton

In consideration of the premium charged for this Bond, it is hereby understood and agreed that notwithstanding Section 2.Q of this Bond, this Bond is amended by adding an additional Insuring Agreement J as follows:

J. COMPUTER SECURITY

Loss (including loss of Property) resulting directly from Computer Fraud; provided, that the Insured has adopted in writing and generally maintains and follows during the Bond Period all Computer Security Procedures. The isolated failure of the Insured to maintain and follow a particular Computer Security Procedure in a particular instance will not preclude coverage under this Insuring Agreement, subject to the specific exclusions herein and in the Bond.

1.Definitions. The following terms used in this Insuring Agreement shall have the following meanings:

a."Authorized User" means any person or entity designated by the Insured (through contract, assignment of User Identification, or otherwise) as authorized to use a Covered Computer System, or any part thereof. An individual who invests in an Insured Fund shall not be considered to be an Authorized User solely by virtue of being an investor.

b."Computer Fraud" means the unauthorized entry of data into, or the deletion or destruction of data in, or change of data elements or programs within, a Covered Computer System which:

(1)is committed by any Unauthorized Third Party anywhere, alone or in collusion with other Unauthorized Third Parties; and

(2)is committed with the conscious manifest intent (a) to cause the Insured to sustain a loss, and (b) to obtain financial benefit for the perpetrator or any other person; and

 (3)causes (x) Property to be transferred, paid or delivered; or (y) an account of the Insured, or of its customer, to be added, deleted, debited or credited; or (z) an unauthorized or fictitious account to be debited or credited. 

c."Computer Security Procedures" means procedures for prevention of unauthorized computer access and use and administration of computer access and use as provided in writing to the Underwriter. 

 d."Covered Computer System" means any Computer System as to which the Insured has possession, custody and control. 

 e."Unauthorized Third Party" means any person or entity that, at the time of the Computer Fraud, is not an Authorized User. 

 f."User Identification" means any unique user name (i.e., a series of characters) that is assigned to a person or entity by the Insured.

 2.Exclusions. It is further understood and agreed that this Insuring Agreement J shall not cover: 

 a.Any loss covered under Insuring Agreement A, "Fidelity," of this Bond; and 

 b.Any loss resulting from the intentional failure to adhere to one or more Computer Security Procedures; and 

 c.Any loss resulting from a Computer Fraud committed by or in collusion with: 

 (1)any Authorized User (whether a natural person or an entity); or

 (2)in the case of any Authorized User which is an entity, (a) any director, officer, partner, employee or agent of such Authorized User, or (b) any entity which controls, is controlled by, or is under common control with such Authorized User ("Related Entity"), or (c) any director, officer, partner, employee or agent of such Related Entity; or 

 (3)in the case of any Authorized User who is a natural person, (a) any entity for which such Authorized User is a director, officer, partner, employee or agent ("Employer Entity"), or (b) any director, officer, partner, employee or agent of such Employer Entity, or (c) any entity which controls, is controlled by, or is under common control with such Employer Entity ("Employer-Related Entity"), or (d) any director, officer, partner, employee or agent of such Employer-Related Entity; 

and 

 d.Any loss resulting from physical damage to or destruction of any Covered Computer System, or any part thereof, or any data, data elements or media associated therewith; and 

 e.Any loss not directly and proximately caused by Computer Fraud (including, without limitation, disruption of business and extra expense); and f.Payments made to any person(s) who has threatened to deny or has denied authorized access to a Covered Computer System or otherwise has threatened to disrupt the business of the Insured.

For purposes of this Insuring Agreement, "Single Loss," as defined in Section 1.EE of this Bond, shall also include all loss caused by Computer Fraud(s) committed by one person, or in which one person is implicated, whether or not that person is specifically identified. 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 a Single Loss.

It is further understood and agreed that nothing in this Rider shall affect the exclusion set forth in Section 2.O of this Bond.

Coverage under this Insuring Agreement shall terminate upon termination of this Bond. Coverage under this Insuring Agreement may also be terminated without terminating this Bond as an entirety:

(a)by written notice from the Underwriter not less than sixty (60) days prior to the effective date of termination specified in such notice; or

(b)immediately by written notice from the Insured to the Underwriter.

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

RN0019.1-00 (07/18)

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

INVESTMENT COMPANY BLANKET BOND

RIDER NO. 3

INSUREDBOND NUMBER

Prudential Jennison Blend Fund, Inc.

90143122B

EFFECTIVE DATE

BOND PERIOD

AUTHORIZED REPRESENTATIVE

August 1, 2022

August 1, 2022 to August 1, 2023

/S/ Catherine Dalton

In consideration of the premium charged for this Bond, it is hereby understood and agreed that the Deductible Amount for Insuring Agreement E, Forgery or Alteration, and Insuring Agreement F, Securities, shall not apply with respect to loss through Forgery of a signature on the following documents:

(1)letter requesting redemption of $100,000 or less payable by check to the Shareholder of Record and sent to an Authorized Address; or

(2)letter requesting redemption of $100,000 or less by wire transfer to the Shareholder of Record of an Authorized Bank Account; or

(3)written request to a trustee or custodian for a Designated Retirement Account ("DRA") which holds shares of an Insured Fund, where such request (a) purports to be from or at the instruction of the Owner of such DRA, and (b) directs such trustee or custodian to transfer $100,000 or less from such DRA to a trustee or custodian for another DRA established for the benefit of such Owner;

provided, that the Limit of Liability for a Single Loss as described above shall be $100,000 and that the Insured shall bear 20% of each such loss. This Rider shall not apply in the case of any such Single Loss which exceeds $100,000; in such case the Deductible Amounts and Limits of Liability set forth in Item 3 of the Declarations shall control.

For purposes of this Rider:

(A)"Designated Retirement Account" means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

(B)"Owner" means the individual for whose benefit the DRA, or a subaccount thereof, is established.

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

RN0027.0-02 (07/18)

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

INVESTMENT COMPANY BLANKET BOND

RIDER NO. 4

INSUREDBOND NUMBER

Prudential Jennison Blend Fund, Inc.

90143122B

EFFECTIVE DATE

BOND PERIOD

AUTHORIZED REPRESENTATIVE

August 1, 2022

August 1, 2022 to August 1, 2023

/S/ Catherine Dalton

In consideration of the premium charged for this Bond, it is hereby understood and agreed that this Bond does not cover any loss resulting from or in connection with the acceptance of any Third Party Check, unless

(1)such Third Party Check is used to open or increase an account which is registered in the name of one or more of the payees on such Third Party Check, and

(2)reasonable efforts are made by the Insured, or by the entity receiving Third Party Checks on behalf of the Insured, to verify all endorsements on all Third Party Checks made payable in amounts greater than $100,000 (provided, however, that the isolated failure to make such efforts in a particular instance will not preclude coverage, subject to the exclusions herein and in the Bond),

and then only to the extent such loss is otherwise covered under this Bond.

For purposes of this Rider, "Third Party Check" means a check made payable to one or more parties and offered as payment to one or more other parties.

It is further understood and agreed that notwithstanding anything to the contrary above or elsewhere in the Bond, this Bond does not cover any loss resulting from or in connection with the acceptance of a Third Party Check where:

(1)any payee on such Third Party Check reasonably appears to be a corporation or other entity; or

(2)such Third Party Check is made payable in an amount greater than $100,000 and does not include the purported endorsements of all payees on such Third Party Check.

It is further understood and agreed that this Rider shall not apply with respect to any coverage that may be available under Insuring Agreement A, "Fidelity."

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

RN0030.0-01 (01/02)

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

INVESTMENT COMPANY BLANKET BOND

RIDER NO. 5

INSUREDBOND NUMBER

Prudential Jennison Blend Fund, Inc.

90143122B

EFFECTIVE DATE

BOND PERIOD

AUTHORIZED REPRESENTATIVE

August 1, 2022

August 1, 2022 to August 1, 2023

/S/ Catherine Dalton

NEWLY CREATED INVESTMENT COMPANIES

In consideration of the premium charged for this Bond, it is hereby understood and agreed that, notwithstanding anything to the contrary in General Agreement A of this Bond, Item 1 of the Declarations shall include any Newly Created Investment Company, provided that the Underwriter receives, at least annually, a report that lists (1) all Newly Created Investment Companies created over the preceding twelve months, and (2) the estimated net assets of each Newly Created Investment Company as of the date of the report.

For purposes of this Rider, "Newly Created Investment Company" shall mean any Investment Company or series thereof (notwithstanding that such Investment Company's or series' registration under the Investment Company Act of 1940 may not yet be effective), which Investment Company or series (1) was not yet created as of the inception of the Bond Period, and

(2)has (or upon registration will have) directors who are identical to the directors of another Insured Fund (other than another Newly Created Investment Company). .

It is further understood and agreed that the title in this Rider is included solely for convenience and shall not itself be deemed to be a term or condition of coverage, or a description or interpretation thereof.

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

RN0033.1-01 (07/21)

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

INVESTMENT COMPANY BLANKET BOND

RIDER NO. 6

INSUREDBOND NUMBER

Prudential Jennison Blend Fund, Inc.

90143122B

EFFECTIVE DATE

BOND PERIOD

AUTHORIZED REPRESENTATIVE

August 1, 2022

August 1, 2022 to August 1, 2023

/S/ Catherine Dalton

In consideration for the premium charged for this Bond, it is hereby understood and agreed that, with respect to Insuring Agreement I only, the Deductible Amount set forth in Item 3 of the Declarations ("Phone/Electronic Deductible") shall not apply with respect to a Single Loss, otherwise covered by Insuring Agreement I, caused by:

(a)a Phone/Electronic Redemption requested to be paid or made payable by check to the Shareholder of Record and sent to an Authorized Address; or

(b)a Phone/Electronic Redemption requested to be paid or made payable by wire transfer to the Shareholder of Record at an Authorized Bank Account,

provided, that the Limit of Liability for a Single Loss as described in (a) or (b) above shall be the lesser of 80% of such loss or $80,000 and that the Insured shall bear the remainder of each such Loss. This Rider shall not apply if the application of the Phone/Electronic Deductible to the Single Loss would result in coverage of greater than $80,000; in such case the Phone/Electronic Deductible and Limit of Liability set forth in Item 3 of the Declarations shall control.

For purposes of this Rider, "Phone/Electronic Redemption" means any redemption of shares issued by an Investment Company, which redemption is requested (a) by voice over the telephone,

(b)through an automated telephone tone or voice response system, (c) by Telefacsimile, or (d) by transmissions over the Internet.

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

RN0039.0-02 (06/18)

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

INVESTMENT COMPANY BLANKET BOND

RIDER NO. 7

INSUREDBOND NUMBER

Prudential Jennison Blend Fund, Inc.

90143122B

EFFECTIVE DATE

BOND PERIOD

AUTHORIZED REPRESENTATIVE

August 1, 2022

August 1, 2022 to August 1, 2023

/S/ Catherine Dalton

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

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

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

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

As used herein, "Federal Share of Compensation" shall mean 80% beginning on January 1, 2020.

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

RN0053.1-01 (05/21)

 

ICI MUTUAL INSURANCE COMPANY,

a Risk Retention Group

INVESTMENT COMPANY BLANKET BOND

RIDER NO. 8

INSUREDBOND NUMBER

Prudential Jennison Blend Fund, Inc.

90143122B

EFFECTIVE DATE

BOND PERIOD

AUTHORIZED REPRESENTATIVE

August 1, 2022

August 1, 2022 to August 1, 2023

/S/ Catherine Dalton

SOCIAL ENGINEERING FRAUD

In consideration of the premium charged for this Bond, it is hereby understood and agreed that this Bond is amended by adding an additional Insuring Agreement M, as follows:

M.Social Engineering Fraud

Loss resulting directly from the Insured, in good faith, transferring, paying, or delivering money from its own account as a direct result of a Social Engineering Fraud;

PROVIDED, that the entity receiving such request generally maintains and follows during the Bond Period all Social Engineering Security Procedures.

The Limit of Liability for a Single Loss under this Insuring Agreement M shall be the lesser of

(a)50% of the amount by which such Single Loss exceeds the Deductible Amount or (b) $1,000,000 (One Million Dollars), and the Insured shall bear the remainder of any such Single Loss. The Deductible Amount for this Insuring Agreement M is $100,000 (One Hundred Thousand Dollars).

Notwithstanding any other provision of this Bond, the aggregate Limit of Liability under this Bond with respect to any and all loss or losses under this Insuring Agreement M shall be $1,000,000 (One Million Dollars) for the Bond Period, irrespective of the total amount of such loss or losses.

This Insuring Agreement M does not cover loss covered under any other Insuring Agreement of this Bond.

It is further understood and agreed that for purposes of this rider:

1."Communication" means an instruction that (a) directs an Employee to transfer, pay, or deliver money from the Insured's own account, (b) contains a material misrepresentation of fact, and (c) is relied upon by the Employee, believing it to be true.

2."Social Engineering Fraud" means the intentional misleading of an Employee through the use of a Communication, where such Communication:

(a)is transmitted to the Employee in writing, by voice over the telephone, or by Electronic Transmission;

(b)is made by an individual who purports to be (i) an Employee who is duly authorized by the Insured to instruct another Employee to transfer, pay, or deliver money, or (ii) an officer or employee of a Vendor who is duly authorized by the Insured to instruct an Employee to transfer, pay, or deliver money; and

(c)is unauthorized, dishonest or fraudulent and is made with the manifest intent to deceive.

3."Social Engineering Security Procedures" means security procedures intended to prevent Social Engineering Fraud as set forth in the Application and/or as otherwise provided in writing to the Underwriter.

4."Vendor" means any entity or individual that provides goods or services to the Insured under a pre-existing, written agreement.

It is further understood and agreed that the title in this rider is included solely for convenience and shall not itself be deemed to be a term or condition of coverage, or a description or interpretation thereof.

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

RN0054.0-00 (07/18)

 

PRUDENTIAL GLOBAL TOTAL RETURN FUND, INC. PRUDENTIAL GOVERNMENT MONEY MARKET FUND, INC. PRUDENTIAL INVESTMENT PORTFOLIOS, INC. PRUDENTIAL INVESTMENT PORTFOLIOS 2 PRUDENTIAL INVESTMENT PORTFOLIOS 3 PRUDENTIAL INVESTMENT PORTFOLIOS 4 PRUDENTIAL INVESTMENT PORTFOLIOS 5 PRUDENTIAL INVESTMENT PORTFOLIOS 6 PRUDENTIAL INVESTMENT PORTFOLIOS 7 PRUDENTIAL INVESTMENT PORTFOLIOS 8 PRUDENTIAL INVESTMENT PORTFOLIOS 9 PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 10 PRUDENTIAL INVESTMENT PORTFOLIOS 12 PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 14 PRUDENTIAL INVESTMENT PORTFOLIOS, INC. 15 PRUDENTIAL INVESTMENT PORTFOLIOS 16 PRUDENTIAL INVESTMENT PORTOLIOS, FUND, INC. 17 PRUDENTIAL INVESTMENT PORTFOLIOS 18 PRUDENTIAL JENNISON BLEND FUND, INC. PRUDENTIAL JENNISON MID-CAP GROWTH FUND, INC.

PRUDENTIAL JENNISON NATURAL RESOURCES FUND, INC.

PRUDENTIAL JENNISON SMALL COMPANY FUND, INC.

PRUDENTIAL NATIONAL MUNI FUND, INC.

PRUDENTIAL SECTOR FUNDS, INC.

PRUDENTIAL SHORT-TERM CORPORATE BOND FUND, INC.

PRUDENTIAL WORLD FUND, INC.

THE TARGET PORTFOLIO TRUST

THE PRUDENTIAL VARIABLE CONTRACT ACCOUNT-2 THE PRUDENTIAL VARIABLE CONTRACT ACCOUNT-10

(Retail Funds)

PGIM GLOBAL HIGH YIELD FUND, INC. (GHY)

PGIM HIGH YIELD BOND FUND, INC. (ISD)

PGIM SHORT DURATION HIGH YIELD OPPORTUNITIES FUND

(Closed End Funds)

PGIM ETF Trust

(ETFs)

I, Andrew R. French, the Secretary of the above referenced Funds, hereby certify that the following resolutions were duly adopted by the Board of Directors/Trustees of the Funds including a majority of the Directors/Trustees who are not interested persons of the Funds as defined below, and that such resolutions are in full force and effect as of the date hereof:

RESOLUTION APPROVED JUNE 9, 2022

(All Funds)

 

RESOLVED, that the officers of the Funds be, and each of them hereby is, authorized and empowered to continue for the forthcoming year the currently existing Joint Fidelity Bond, issued by the ICI Mutual Insurance Company, covering the Funds and other investment companies managed or administered by PGIM Investments LLC, and to continue coverage for each officer and employee of the Funds who may have access to a Fund's securities or funds or the power to direct the disposition thereof, in the amount of $70,000,000; that such bond is not to be canceled, terminated or modified except upon 60 days' written notice to both the affected party and the Securities and Exchange Commission; and that the Secretary or Assistant Secretary of the Funds is hereby directed to make the filings and give the notices required by Rule 17g-1 under the Investment Company Act of 1940, as amended.

RESOLUTION APPROVED SEPTEMBER 15, 2022

(All Funds)

RESOLVED, that the Directors/Trustees of the Funds have determined that the premium to be allocated to each Fund and portfolio under the Joint Fidelity Bond issued by ICI Mutual covering the Funds and other investment companies managed or administered by PGIM Investments LLC is fair and reasonable to each Fund and portfolio and is therefore approved, taking into consideration, among other things, the number of parties named as insureds, the nature of the business activities of such parties, the amount of the Joint Fidelity Bond, the amount of the premium for such Bond, the ratable allocation of the premium among all parties named as insureds, and the extent to which the share of the premium allocated to the Fund and portfolio is less than the premium that such Fund or portfolio would have had to pay if it had provided and maintained a single insured bond.

[Remainder of Page Left Intentionally Blank]

 

IN WITNESS WHEREOF, the undersigned has executed this Certificate as of this 27th day of September, 2022.

/S/ Andrew R. French

Andrew R. French

Secretary

Certified this 27th day of September 2022

SEAL

ADVANCED SERIES TRUST

PRUDENTIAL'S GIBRALTAR FUND, INC. THE PRUDENTIAL SERIES FUND

(Funds)

I, Andrew R. French, the Secretary of the above referenced Funds, hereby certify that the following resolutions were duly adopted by the Board of Directors/Trustees of the Funds, including a majority of the Directors/Trustees who are not interested persons of the Funds as defined in the Investment Company Act of 1940, and that such resolutions are in full force and effect as of the date hereof:

RESOLUTION APPROVED JUNE 14, 2022

(All Funds)

RESOLVED, that the officers of the Funds be, and each of them hereby is, authorized to continue for the forthcoming year the currently existing Joint Fidelity Bond, issued by the ICI Mutual Insurance Company, covering the Funds and other investment companies managed or administered by PGIM Investments LLC, and to continue coverage for each officer and employee of the Funds who may have access to a Fund's securities or funds or the power to direct the disposition thereof, in the amount of $70,000,000; that such bond is not to be canceled, terminated or modified except upon 60 days' written notice to both the affected party and the Securities and Exchange Commission; and that the Secretary or Assistant Secretary of the Funds is hereby directed to make the filings and give the notices required by Rule 17g-1 under the Investment Company Act of 1940, as amended.

RESOLUTION APPROVED SEPTEMBER 20, 2022

(All Funds)

RESOLVED, that the Directors/Trustees of the Funds have determined that the premium under the Joint Fidelity Bond issued by ICI Mutual covering the Portfolios and the Retail Funds is fair and reasonable to each Portfolio and therefore approved, taking into consideration, among other things, the number of parties named as insureds, the nature of the business activities of such parties, the amount of the Joint Fidelity Bond, the amount of the premium for such Bond, the ratable allocation of the premium among all parties named as insureds, and the extent to which the share of the premium allocated to the Portfolio is less than the premium that the Portfolio would have had to pay if it had provided and maintained a single insured bond.

[Remainder of Page Left Intentionally Blank]

 

IN WITNESS WHEREOF, the undersigned has executed this Certificate as of this 27th day of September, 2022.

/S/ Andrew R. French

Andrew R. French

Secretary

Certified this 27th day

Of September 2022

SEAL

 

 

Prudential Mutual Funds - Retail Funds

Fidelity Bond Premiums

Period: August 1, 2022 to August 1, 2023

 

Fund Assets (000)

 

Separate Bond

Retail Funds

June 30, 2022

17g-1 Limit

Premium

PIP 2 - PGIM CORE CONSERVATIVE BOND FUND

$52,577

$400,000

$4,050

PIP 2 - PGIM CORE SHORT-TERM BOND FUND

$2,645,376

$1,900,000

$19,238

PIP 2 - PGIM CORE ULTRA SHORT BOND FUND

$24,938,378

$2,500,000

$25,313

PIP 2 - PGIM INSTITUTIONAL MONEY MARKET FUND

$16,769,137

$2,500,000

$25,313

PIP 2 - PGIM JENNISON SMALL-CAP CORE EQUITY FUND

$28,722

$300,000

$3,038

PIP 2 - PGIM QUANT SOLUTIONS COMMODITY STRATEGIES FUND

$74,377

$400,000

$4,050

PIP 2 - PGIM QUANT SOLUTIONS EMERGING MARKETS EQUITY FUND

$36,405

$350,000

$3,544

PIP 2 - PGIM QUANT SOLUTIONS INTERNATIONAL DEVELOPED MARKETS INDEX FUND

$66,602

$400,000

$4,050

PIP 2 - PGIM QUANT SOLUTIONS MID-CAP CORE EQUITY FUND

$15,077

$225,000

$2,278

PIP 2 - PGIM QUANT SOLUTIONS U.S. BROAD MARKET INDEX FUND

$46,935

$350,000

$3,544

PIP 2 - PGIM TIPS FUND

$87,234

$450,000

$4,556

PIP 3 - PGIM GLOBAL DYNAMIC BOND FUND

$46,145

$350,000

$3,544

PIP 3 - PGIM JENNISON FOCUSED GROWTH FUND

$1,257,919

$1,250,000

$12,656

PIP 3 - PGIM WADHWANI SYSTEMATIC ABSOLUTE RETURN FUND

$36,531

$350,000

$3,544

PIP 3 - PGIM QUANT SOLUTIONS LARGE-CAP VALUE FUND

$394,618

$750,000

$7,594

PIP 3 - PGIM REAL ASSETS FUND

$167,896

$600,000

$6,075

PIP 3 - PGIM STRATEGIC BOND FUND

$1,372,822

$1,250,000

$12,656

PIP 4 - PGIM MUNI HIGH INCOME FUND

$855,364

$1,000,000

$10,125

PIP 5 - PGIM 60/40 ALLOCATION FUND

$77,818

$450,000

$4,556

PIP 5 - PGIM JENNISON DIVERSIFIED GROWTH FUND

$275,976

$750,000

$7,594

PIP 5 - PGIM JENNISON RISING DIVIDEND FUND

$160,636

$600,000

$6,075

PIP 5 - PRUDENTIAL DAY ONE 2015 FUND

$12,038

$200,000

$2,025

PIP 5 - PRUDENTIAL DAY ONE 2020 FUND

$50,770

$400,000

$4,050

PIP 5 - PRUDENTIAL DAY ONE 2025 FUND

$74,420

$400,000

$4,050

PIP 5 - PRUDENTIAL DAY ONE 2030 FUND

$70,526

$400,000

$4,050

PIP 5 - PRUDENTIAL DAY ONE 2035 FUND

$49,747

$350,000

$3,544

PIP 5 - PRUDENTIAL DAY ONE 2040 FUND

$47,911

$350,000

$3,544

PIP 5 - PRUDENTIAL DAY ONE 2045 FUND

$31,704

$300,000

$3,038

PIP 5 - PRUDENTIAL DAY ONE 2050 FUND

$20,137

$250,000

$2,531

PIP 5 - PRUDENTIAL DAY ONE 2055 FUND

$7,791

$175,000

$1,772

PIP 5 - PRUDENTIAL DAY ONE 2060 FUND

$6,811

$150,000

$1,519

PIP 5 - PRUDENTIAL DAY ONE 2065 FUND

$456

$50,000

$506

PIP 5 - PRUDENTIAL DAY ONE INCOME FUND

$23,918

$250,000

$2,531

PIP 6 - PGIM CALIFORNIA MUNI INCOME FUND

$211,622

$600,000

$6,075

PIP 7 - PGIM JENNISON VALUE FUND

$423,272

$750,000

$7,594

PIP 8 - PGIM QUANT SOLUTIONS STOCK INDEX FUND

$737,205

$900,000

$9,113

PIP 8 - PGIM SECURITIZED CREDIT FUND

$75,498

$450,000

$4,556

PIP 9 - PGIM ABSOLUTE RETURN BOND FUND

$1,195,764

$1,250,000

$12,656

PIP 9 - PGIM INTERNATIONAL BOND FUND

$28,102

$300,000

$3,038

 

 

Prudential Mutual Funds - Retail Funds

Fidelity Bond Premiums

Period: August 1, 2022 to August 1, 2023

 

Fund Assets (000)

 

Separate Bond

Retail Funds

June 30, 2022

17g-1 Limit

Premium

PIP 9 - PGIM QUANT SOLUTIONS LARGE CAP CORE EQUITY FUND

$685,677

$900,000

$9,113

PIP 9 - PGIM REAL ESTATE INCOME FUND

$31,984

$300,000

$3,038

PIP 9 - PGIM SELECT REAL ESTATE FUND

$314,258

$750,000

$7,594

PIP 10 - PGIM JENNISON GLOBAL EQUITY INCOME FUND

$831,376

$1,000,000

$10,125

PIP 10 - PGIM QUANT SOLUTIONS MID CAP VALUE FUND

$257,365

$750,000

$7,594

PIP 12 - PGIM GLOBAL REAL ESTATE FUND

$1,057,355

$1,250,000

$12,656

PIP 12 - PGIM JENNISON TECHNOLOGY FUND

$18,428

$225,000

$2,278

PIP 12 - PGIM JENNISON INTERNATIONAL SMALL-MID CAP OPPORTUNITIES FUND

$4,122

$125,000

$1,266

PIP 12 - PGIM JENNISON NEXTGENERATION GLOBAL OPPORTUNITIES FUND

$6,125

$150,000

$1,519

PIP 12 - PGIM SHORT DURATION MUNI HIGH FUND

$300,208

$750,000

$7,594

PIP 12 - PGIM U.S. REAL STATE FUND

$76,087

$450,000

$4,556

PIP 14 - PGIM FLOATING RATE INCOME FUND

$4,594,436

$2,500,000

$25,313

PIP 14 - PGIM GOVERNMENT INCOME FUND

$399,769

$750,000

$7,594

PIP 15 - PGIM ESG HIGH YIELD FUND

$21,773

$250,000

$2,531

PIP 15 - PGIM HIGH YIELD FUND

$22,724,873

$2,500,000

$25,313

PIP 15 - PGIM SHORT DURATION HIGH YIELD INCOME FUND

$5,058,893

$2,500,000

$25,313

PIP 16 - PGIM INCOME BUILDER FUND

$274,800

$750,000

$7,594

PIP 17 - PGIM ESG TOTAL RETURN BOND FUND

$24,666

$250,000

$2,531

PIP 17 - PGIM ESG SHORT DURATION MULTI-SECTOR BOND FUND

$25,120

$300,000

$3,038

PIP 17 - PGIM SHORT DURATION MULTI-SECTOR BOND FUND

$3,211,320

$2,100,000

$21,263

PIP 17 - PGIM TOTAL RETURN BOND FUND

$47,802,701

$2,500,000

$25,313

PIP 18 - PGIM JENNISON MLP FUND

$491,909

$750,000

$7,594

PIP, INC. - PGIM BALANCED FUND

$977,708

$1,000,000

$10,125

PIP, INC. - PGIM JENNISON FOCUSED VALUE FUND

$189,175

$600,000

$6,075

PIP, INC. - PGIM JENNISON GROWTH FUND

$5,973,727

$2,500,000

$25,313

PGIM GLOBAL TOTAL RETURN FUND

$4,137,144

$2,500,000

$25,313

PGIM GLOBAL TOTAL RETURN (USD HEDGED) FUND

$84,235

$450,000

$4,556

PGIM GOVERNMENT MONEY MARKET FUND, INC.

$560,017

$900,000

$9,113

PGIM JENNISON BLEND FUND, INC.

$961,123

$1,000,000

$10,125

 

 

Prudential Mutual Funds - Retail Funds

Fidelity Bond Premiums

Period: August 1, 2022 to August 1, 2023

 

Fund Assets (000)

 

Separate Bond

Retail Funds

June 30, 2022

17g-1 Limit

Premium

PGIM JENNISON MID-CAP GROWTH FUND, INC.

$2,300,534

$1,700,000

$17,213

PGIM JENNISON NATURAL RESOURCES FUND, INC.

$899,541

$1,000,000

$10,125

PGIM JENNISON SMALL COMPANY FUND, INC.

$2,336,928

$1,700,000

$17,213

PGIM NATIONAL MUNI FUND, INC.

$928,923

$1,000,000

$10,125

PGIM SHORT-TERM CORPORATE BOND FUND, INC.

$11,349,897

$2,500,000

$25,313

TARGET PORTFOLIO TRUST:

 

 

 

PGIM CORE BOND FUND

$1,623,925

$1,500,000

$15,188

PGIM CORPORATE BOND FUND

$33,266

$300,000

$3,038

PGIM QUNAT SOLUTIONS SMALL-CAP VALUE FUND

$564,972

$900,000

$9,113

PRUDENTIAL WORLD FUND, INC.:

 

 

 

PGIM EMERGING MARKETS DEBT LOCAL CURRENCY FUND

$43,433

$350,000

$3,544

PGIM EMERGING MARKETS DEBT HARD CURRENCY FUND

$158,128

$600,000

$6,075

PGIM JENNISON EMERGING MARKETS EQUITY OPPORTUNITIES FUND

$936,098

$1,000,000

$10,125

PGIM JENNISON GLOBAL INFRASTRUCTURE FUND

$67,060

$400,000

$4,050

PGIM JENNISON GLOBAL OPPORTUNITIES FUND

$5,108,227

$2,500,000

$25,313

PGIM JENNISON INTERNATIONAL OPPORTUNITIES FUND

$4,051,608

$2,500,000

$25,313

PGIM QUANT SOLUTIONS INTERNATIONAL EQUITY FUND

$192,433

$600,000

$6,075

PRUDENTIAL SECTOR FUNDS, INC.:

 

 

 

PGIM JENNISON FINANCIAL SERVICES FUND

$136,133

$525,000

$5,316

PGIM JENNISON HEALTH SCIENCES FUND

$1,963,858

$1,500,000

$15,188

PGIM JENNISON UTILITY FUND

$3,514,278

$2,300,000

$23,288

PGIM ETF TRUST:

 

 

 

PGIM ACTIVE AGGREGATE BOND ETF

$45,466

$350,000

$3,544

PGIM ACTIVE HIGH YIELD BOND ETF

$88,600

$450,000

$4,556

PGIM FLOATING RATE INCOME ETF

$37,010

$350,000

$3,544

PGIM QUANT SOLUTIONS STRATEGIC ALPHA INTERNATIONAL EQUITY ETF

$32,747

$300,000

$3,038

PGIM TOTAL RETURN BOND ETF

$92,916

$450,000

$4,556

PGIM ULTRA SHORT BOND ETF

$2,869,744

$1,900,000

$19,238

CLOSED-END FUND:

 

 

 

PGIM GLOBAL HIGH YIELD FUND, INC.

$650,542

$900,000

$9,113

PGIM HIGH YIELD BOND FUND, INC.

$578,360

$900,000

$9,113

PGIM SHORT DURATION HIGH YIELD OPPORTUNITIES FUND, INC.

$543,255

$900,000

$9,113

VCA:

 

 

 

 

 

 

 

THE PRUDENTIAL VARIABLE CONTRACT ACCOUNT-2

$205,084

$600,000

$6,075

THE PRUDENTIAL VARIABLE CONTRACT ACCOUNT-10

$146,628

$525,000

$5,316

GRAND TOTALS:

$195,070,205

$85,900,000

$869,738

 

 

Prudential Mutual Funds - Annuity Funds

Fidelity Bond Premiums

Period: August 1, 2022 to August 1, 2023

 

Fund Assets (000)

 

Separate Bond

Annuity Funds

June 30, 2022

17g-1 Limit

Premium

THE PRUDENTIAL SERIES FUND, INC.:

 

 

 

PSF GLOBAL PORTFOLIO

$1,215,972

$1,250,000

$12,656

PSF INTERNATIONAL GROWTH PORTFOLIO

$71,641

$400,000

$4,050

PSF MID-CAP GROWTH PORTFOLIO

$348,488

$750,000

$7,594

PSF NATURAL RESOURCES PORTFOLIO

$488,796

$750,000

$7,594

PSF PGIM 50/50 BALANCED PORTFOLIO

$2,546,256

$1,900,000

$19,238

PSF PGIM FLEXIBLE MANAGED PORTFOLIO

$4,294,735

$2,500,000

$25,313

PSF PGIM GOVERNMENT INCOME PORTFOLIO

$197,728

$600,000

$6,075

PSF PGIM GOVERNMENT MONEY MARKET PORTFOLIO

$932,002

$1,000,000

$10,125

PSF PGIM HIGH YIELD BOND PORTFOLIO

$592,447

$900,000

$9,113

PSF PGIM JENNISON BLEND PORTFOLIO

$4,708,824

$2,500,000

$25,313

PSF PGIM JENNISON FOCUS BLEND PORTFOLIO

$166,005

$600,000

$6,075

PSF PGIM JENNISON GROWTH PORTFOLIO

$2,389,195

$1,700,000

$17,213

PSF PGIM JENNISON VALUE PORTFOLIO

$1,451,604

$1,250,000

$12,656

PSF PGIM TOTAL RETURN BOND PORTFOLIO

$1,281,952

$1,250,000

$12,656

PSF SMALL-CAP STOCK INDEX PORTFOLIO

$1,084,167

$1,250,000

$12,656

PSF SMALL-CAP VALUE PORTFOLIO

$296,036

$750,000

$7,594

PSF STOCK INDEX PORTFOLIO

$6,271,421

$2,500,000

$25,313

 

 

 

 

PRUDENTIAL'S GIBRALTER FUND, INC.

$151,188

$600,000

$6,075

 

 

 

 

AST PORTFOLIO:

 

 

 

AST ACADEMIC STRATEGIES ASSET ALLOCATION PORTFOLIO

$3,267,625

$2,100,000

$21,263

AST ADVANCED STRATEGIES PORTFOLIO

$7,937,248

$2,500,000

$25,313

AST AMERICAN FUNDS GROWTH ALLOCATION PORTFOLIO

$744,324

$900,000

$9,113

AST BALANCED ASSET ALLOCATION PORTFOLIO

$8,780,318

$2,500,000

$25,313

AST BLACKROCK GLOBAL STRATEGIES PORTFOLIO

$1,978,623

$1,500,000

$15,188

AST BLACKROCK 60/40 TARGET ALLOCATION ETF PORTFOLIO

$177,472

$600,000

$6,075

 

 

Prudential Mutual Funds - Annuity Funds

Fidelity Bond Premiums

Period: August 1, 2022 to August 1, 2023

 

 

Fund Assets (000)

 

Separate Bond

 

Annuity Funds

June 30, 2022

17g-1 Limit

Premium

 

AST BLACKROCK 80/20 TARGET ALLOCATION ETF PORTFOLIO

$255,340

$750,000

$7,594

 

 

AST BOND PORTFOLIO 2022

$73,463

$400,000

$4,050

 

 

AST BOND PORTFOLIO 2023

$77,976

$450,000

$4,556

 

 

AST BOND PORTFOLIO 2024

$6,427

$150,000

$1,519

 

 

AST BOND PORTFOLIO 2025

$7,535

$175,000

$1,772

 

 

AST BOND PORTFOLIO 2026

$29,351

$300,000

$3,038

 

 

AST BOND PORTFOLIO 2027

$56,743

$400,000

$4,050

 

 

AST BOND PORTFOLIO 2028

$116,160

$525,000

$5,316

 

 

AST BOND PORTFOLIO 2029

$9,153

$175,000

$1,772

 

 

AST BOND PORTFOLIO 2030

$62,036

$400,000

$4,050

 

 

AST BOND PORTFOLIO 2031

$111,891

$525,000

$5,316

 

 

AST BOND PORTFOLIO 2032

$145,620

$525,000

$5,316

 

 

AST BOND PORTFOLIO 2033

$4,531

$125,000

$1,266

 

 

AST CAPITAL GROWTH ASSET ALLOCATION PORTFOLIO

$11,563,958

$2,500,000

$25,313

 

 

AST CLEARBRIDGE DIVIDEND GROWTH PORTFOLIO

$1,031,372

$1,250,000

$12,656

 

 

AST COHEN & STEERS GLOBAL REALTY PORTFOLIO

$84,056

$450,000

$4,556

 

 

AST COHEN & STEERS REALTY PORTFOLIO

$589,707

$900,000

$9,113

 

 

AST CORE FIXED INCOME PORTFOLIO

$5,476,795

$2,500,000

$25,313

 

 

AST EMERGING MARKETS EQUITY PORTFOLIO

$283,398

$750,000

$7,594

 

 

AST FRANKLIN 85/15 DIVERSIFIED ALLOCATION PORTFOLIO

$431,419

$750,000

$7,594

 

 

AST GLOBAL BOND PORTFOLIO

$349,775

$750,000

$7,594

 

 

AST GOVERNMENT MONEY MARKET PORTFOLIO

$974,697

$1,000,000

$10,125

 

 

AST HIGH YIELD PORTFOLIO

$438,535

$750,000

$7,594

 

 

AST LARGE-CAP VALUE PORTFOLIO

$2,977,896

$1,900,000

$19,238

 

 

AST INTERNATIONAL GROWTH PORTFOLIO

$510,224

$900,000

$9,113

 

 

AST INTERNATIONAL VALUE PORTFOLIO

$339,792

$750,000

$7,594

 

 

AST INVESTMENT GRADE BOND PORTFOLIO

$10,974,762

$2,500,000

$25,313

 

 

AST JP MORGAN GLOBAL THEMATIC PORTFOLIO

$2,659,603

$1,900,000

$19,238

 

 

 

Prudential Mutual Funds - Annuity Funds

Fidelity Bond Premiums

Period: August 1, 2022 to August 1, 2023

 

 

Fund Assets (000)

 

Separate Bond

 

Annuity Funds

June 30, 2022

17g-1 Limit

Premium

 

AST JP MORGAN INTL EQUITY PORTFOLIO

$368,539

$750,000

$7,594

 

 

AST JP MORGAN TACTICAL PRESERVATION PORTFOLIO

$3,712,655

$2,300,000

$23,288

 

 

AST LARGE-CAP CORE PORTFOLIO

$382,338

$750,000

$7,594

 

 

AST LARGE-CAP GROWTH PORTFOLIO

$4,440,083

$2,500,000

$25,313

 

 

AST MFS GLOBAL EQUITY PORTFOLIO

$602,665

$900,000

$9,113

 

 

AST MFS GROWTH ALLOCATION PORTFOLIO

$899,705

$1,000,000

$10,125

 

 

AST MID CAP GROWTH PORTFOLIO

$984,123

$1,000,000

$10,125

 

 

AST MID-CAP VALUE PORTFOLIO

$710,810

$900,000

$9,113

 

 

AST MODERATE MULTI-ASSET PORTFOLIO

$3,583,091

$2,300,000

$23,288

 

 

AST MULTI-SECTOR FIXED INCOME PORTFOLIO

$13,408,226

$2,500,000

$25,313

 

 

AST PGIM FIXED INCOME CENTRAL PORTFOLIO

$6,236,853

$2,500,000

$25,313

 

 

AST PRESERVATION ASSET ALLOCATION PORTFOLIO

$4,384,430

$2,500,000

$25,313

 

 

AST PRUDENTIAL FLEXIBLE MULTI-STRATEGY PORTFOLIO

$109,270

$525,000

$5,316

 

 

AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO

$12,883,502

$2,500,000

$25,313

 

 

AST QMA INTERNATIONAL CORE EQUITY PORTFOLIO

$10,868

$200,000

$2,025

 

 

AST QUANTITATIVE MODELING PORTFOLIO

$1,213,887

$1,250,000

$12,656

 

 

AST SMALL-CAP GROWTH OPPORTUNITIES PORTFOLIO

$620,064

$900,000

$9,113

 

 

AST SMALL-CAP GROWTH PORTFOLIO

$769,173

$1,000,000

$10,125

 

 

AST SMALL-CAP VALUE PORTFOLIO

$1,263,400

$1,250,000

$12,656

 

 

AST T. ROWE PRICE ASSET ALLOCATION PORTFOLIO

$16,130,642

$2,500,000

$25,313

 

 

AST T. ROWE PRICE DIVERSIFIED REAL GROWTH PORTFOLIO

$134,797

$525,000

$5,316

 

 

AST T. ROWE PRICE NAT RESOURCES PORTFOLIO

$590,730

$900,000

$9,113

 

 

AST T. ROWE PRICE GROWTH OPPORTUNITIES PORTFOLIO

$2,514,738

$1,900,000

$19,238

 

 

AST TARGET MATURITY CENTRAL PORTFOLIO

$713,417

$900,000

$9,113

 

 

AST WELLINGTON MANAGEMENT HEDGED EQUITY PORTFOLIO

$1,724,760

$1,500,000

$15,188

 

 

AST WESTERN ASSET EMERGING MARKET DEBT PORTFOLIO

$58,793

$400,000

$4,050

 

 

GRAND TOTALS

$169,467,841

$93,150,000

$943,144

 

 

 

1401 H Street NW

TEL

800.643.4246

Suite 1000

FAX

202.682.2425

Washington, DC 20005

WEB icimutual.com

September 27, 2022

Mr. Andrew French

PGIM Investments LLC

Prudential Tower

655 Broad St., 17th Floor

Newark, NJ 07102

Re: ICI Mutual Insurance Company Bond 90143122B ("Bond") D&O/E&O Policies 90143122D ("D&O/E&O")

Independent Directors Liability Insurance Policy No. 90143122I and No. 90143222I ("IDL")

Dear Andy:

I hereby confirm that the premiums and taxes due for the above referenced Bond, D&O/E&O and IDL policies have been paid for the period August 1, 2022 through August 1, 2023.

Feel free to call me at (202) 378-0387 if you have any questions.

Sincerely,

Catherine Dalton

Underwriting Manager

ICI MUTUAL INSURANCE GROUP

ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP | ICIM SERVICES, INC. | ICI MUTUAL INSURANCE BROKERS, INC.

 

WITNESSETH

WHEREAS, each of the Funds has registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end or closed-end management investment company; and

WHEREAS; each of the Funds wishes to enter into an Agreement with each other in compliance with Rule 17g-1(f) under the 1940 Act in respect of the joint insured bond in full force and effect on the date hereof bonding the officers and employees of each of the Funds.

NOW, THEREFORE, the parties agree that: in the event recovery is received under the above mentioned bond as a result of a loss sustained by any of the Funds, the Fund or Funds sustaining such loss shall receive an equitable and proportionate share of the recovery under the above-mentioned bond, but such recovery shall be at least equal to the amount which such Fund or Funds would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1(d)(1) under the 1940 Act.

IN WITNESS WHEREOF, each of the parties has caused this instrument to be executed in its name and behalf by its duly authorized representative and its seal to be hereunder affixed as of the 1st day of August 2022.

Advanced Series Trust

(SEAL) ATTEST

/s/ Marie Zimmerman

By: /s/ Andrew R. French

The Prudential Series Fund

(SEAL) ATTEST

/s/ Marie Zimmerman

By: /s/ Andrew R. French

Prudential's Gibraltar Fund, Inc.

(SEAL) ATTEST

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

 

SEAL)

Prudential Investment Portfolios 2

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

Prudential Investment Portfolios 3

SEAL)

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

Prudential Investment Portfolios 4

SEAL)

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

Prudential Investment Portfolios 5

SEAL)

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

Prudential Investment Portfolios 6

SEAL)

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

Prudential Investment Portfolios 7

SEAL)

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

 

 

Prudential Investment Portfolios 8

(SEAL)

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

Prudential Investment Portfolios 9

(SEAL)

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Investment Portfolios 12

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Investment Portfolios 16

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Investment Portfolios 18

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Investment Portfolios, Inc.

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

Prudential Investment Portfolios, Inc. 10

(SEAL)

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

 

(SEAL)

Prudential Investment Portfolios, Inc. 14

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Investment Portfolios, Inc. 15

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Investment Portfolios, Inc. 17

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

SEAL)

Target Portfolio Trust

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

Prudential Government Money Market Fund, Inc.

(SEAL)

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

SEAL)

Prudential National Muni Fund, Inc.

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Jennison Blend Fund, Inc.

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

 

(SEAL)

Prudential Jennison Mid-Cap Growth Fund, Inc.

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Jennison Small Company Fund, Inc.

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Jennison Natural Resources Fund, Inc.

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

Prudential World Fund, Inc.

SEAL)

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Global Total Return Fund, Inc.

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

SEAL)

Prudential Sector Funds, Inc.

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

Prudential Short-Term Corporate Bond Fund, Inc

 

ATTEST

 

/s/ Marie Zimmerman

By: /s/ Andrew R. French

 

 


The Prudential Variable Contract Account-2

(SEAL)


ATTEST


/s/ Marie Zimmerman

By: /s/ Andrew R. French


The Prudential Variable Contract Account-10

(SEAL)


ATTEST


/s/ Marie Zimmerman

By: /s/ Andrew R. French

(SEAL)

PGIM High Yield Bond Fund, Inc.


ATTEST


/s/ Marie Zimmerman

By: /s/ Andrew R. French


PGIM Global High Yield Fund, Inc.

(SEAL)


ATTEST


/s/ Marie Zimmerman

By: /s/ Andrew R. French


PGIM Short Duration High Yield Opportunities


Fund

(SEAL)


ATTEST


/s/ Marie Zimmerman

By: /s/ Andrew R. French


PGIM ETF Trust

(SEAL)


ATTEST


/s/ Marie Zimmerman

By: /s/ Andrew R. French


PGIM Global High Yield (NYSE:GHY)
Historical Stock Chart
Von Dez 2022 bis Jan 2023 Click Here for more PGIM Global High Yield Charts.
PGIM Global High Yield (NYSE:GHY)
Historical Stock Chart
Von Jan 2022 bis Jan 2023 Click Here for more PGIM Global High Yield Charts.