CHARTIS
National Union Fire Insurance Company of Pittsburgh, Pa.
A capital stock company
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Policy Number: 06-683-41-68 Replacement of: 02-581-91-58 |
EXCESS EDGESM
Policyholder: WELLS FARGO FUNDS TRUST
Policyholder Address: 525 MARKET STREET
SAN FRANCISCO, CA 94105-2712 Limit of Liability: $ 20,000,000
Total Underlying Limits: $ 90,000,000
Policyholder Domicile: New York Policy Period: From: 09/01/2011
Insurer Address: 175 Water Street, 18th Floor To: 09/01/2012
New York, NY 10038
Premium: $ 39,519
Claims Address: e-mail: c-claim@chartisinsurance.com
Mail: Chartis, Financial Lines Claims
P.O. Box 25947
Shawnee Mission, KS 66225
Underlying Insurer Underlying Policy Underlying Limit Underlying Policy
Period
Great American Insurance Company FS-517-76-01-08 $10,000,000 09/01/2011 to
Primary 09/01/2012
The Fidelity & Deposit Company of MD FIB 0004712 11 $20,000,000 xs 09/01/2011 to
$20,000,000 09/01/2012
Berkley Asset Protection BFI-71000386-11 $20,000,000 xs 09/01/2011 to
$40,000,000 09/01/2012
Federal Insurance Company 82183333 $20,000,000 xs 09/01/2011 to
$60,000,000 09/01/2012
Axis Insurance Company MCN753993/01/2011 $10,000,000 xs 09/01/2011 to
$80,000,000 09/01/2012
The Policy Period incepts and expires as of 12:01 A.M. at the Policyholder Address. Terms with “Bold” typeface are used in this policy with the meanings and values ascribed to them above; however, subject to the Changes clause, the “Followed Policy” means the policy in the Schedule with an “*” at the beginning of its row, but only with respect to the following Followed Coverage Section(s): Standard Great American Investment Company Bond.
103224 (02/10)
In consideration of the payment of the premium, the Insurer (the subsidiary or affiliate of Chartis Inc. set forth at the top of the prior page) and insureds agree as follows:
INSURING AGREEMENT This policy shall provide coverage in accordance with the same terms, conditions and limitations of the Followed Policy, as modified by and subject to the terms, conditions and limitations of this policy.
The Insurer’s coverage obligations under this policy attach to the Insurer only after the Total Underlying Limits have been exhausted through payments by, on behalf of or in the place of the Underlying Insurers of amounts covered under the Underlying Policies. This policy shall continue in force as primary insurance only upon the exhaustion of the Total Underlying Limits and satisfaction of any applicable retention by reason of such payments. This policy shall recognize erosion of an Underlying Limit of an Underlying Policy through payments by others of covered amounts under that Underlying Policy. The risk of uncollectability of any part of the Total Underlying Limits, for any reason, is expressly retained by the Policyholder and any insureds, and is not insured under this policy or assumed by the Insurer.
LIMIT OF LIABILITY The Limit of Liability is the aggregate limit of the Insurer’s liability for all coverage under
this policy.
NOTICES Where the Followed Policy requires or permits notice to its insurer, the Policyholder or the
insureds have the same obligations and rights to notify the Insurer under this policy, except that with respect to this policy, any notice to the Insurer must be directed as follows: (i) for claims-related matters, by mail or e-mail to the Claims Address; and (ii) for all other notices, by mail to the Insurer Address.
RIGHTS The Insurer shall have the same rights, privileges and protections afforded to the
Underlying Insurer of the Followed Policy in accordance with the terms, conditions and limitations of the Followed Policy. The Insurer shall also have the right, in its sole discretion, but not the obligation, to effectively associate with the insured in the defense and settlement of any claim that appears to be reasonably likely to involve the Insurer. The Policyholder, its subsidiariesand any insureds shall provide the Insurer with such information, assistance and cooperation as theInsurer may reasonably request and shall not do anything that prejudices the Insurer’s position or potential rights of recovery, including, but not limited to, terminating any Underlying Policy.
PRESIDENT SECRETARY AUTHORIZED REPRESENTATIVE
COUNTERSIGNATURE DATE COUNTERSIGNATURE LOCATION
WILLIS OF MINNESOTA, INC.
1600 UTICA AVE S. SUITE 600
MINNEAPOLIS, MN 55416
103224 (02/10)
ENDORSEMENT # 1
This endorsement, effective 12:01 September 1, 2011 forms a part of
policynumber 06-683-41-68
issuedto WELLS FARGO FUNDS TRUST
by National Union Fire Insurance Company of Pittsburgh, Pa.
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
COVERAGE TERRITORY ENDORSEMENT
Payment of loss under this policy shall only be made in full compliance with all United States of America economic or trade sanction laws or regulations, including, but not limited to, sanctions, laws and regulations administered and enforced by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC").
By ________________________________
AUTHORIZED REPRESENTATIVE
89644 (07/05)
ENDORSEMENT # 2
This endorsement, effective 12:01 September 1, 2011 forms a part of
policynumber 06-683-41-68
issuedto WELLS FARGO FUNDS TRUST
by National Union Fire Insurance Company of Pittsburgh, Pa.
FIDELITY ENDORSEMENT
(UNDERLYING SUBLIMITS NOT COVERED)
In consideration of the premium charged, it is hereby understood and agreed that the policy is amended as follows:
1. The NOTICES are deleted in their entirety and replaced with the following:
NOTICES: Please read the policies carefully and discuss the coverage hereunder with your insurance agent or broker.
2. The “RELIANCE” Clause is deleted in its entirety and replaced with the following:
RELIANCE The Insurer has issued this policy in reliance upon the completeness and accuracy of
the applications, warranties, statements, the binders for the Underlying Policies, any attachments thereto and any other materials submitted for this policy.
If any Underlying Limits are subject to a sub-limit of liability, then this policy shall not provide coverage with respect to the coverage that is subject to such sub-limit; provided, however this policy shall recognize payments made under any such sub-limit in any Underlying Policy and such payments shall apply toward the exhaustion of the Underlying Limits.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.
By ________________________________
AUTHORIZED REPRESENTATIVE
ENDORSEMENT # 3
This endorsement, effective 12:01 September 1, 2011 forms a part of
policynumber 06-683-41-68
issuedto WELLS FARGO FUNDS TRUST
by National Union Fire Insurance Company of Pittsburgh, Pa.
FORMS INDEX ENDORSEMENT
The contents of the Policy is comprised of the following forms:
FORM NUMBER EDITION DATE FORM TITLE
103224 02/10 EXCESS DEC AND POLICY - ADMITTED
89644 07/05 COVERAGE TERRITORY ENDORSEMENT
MNSCPT FIDELITY ENDORSEMENT
78859 10/01 FORMS INDEX ENDORSEMENT
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.
By ________________________________
AUTHORIZED REPRESENTATIVE
78859 (10/01)
FINANCIAL INSTITUTION EXCESS FOLLOW FORM CERTIFICATE
The Great American Insurance Company, herein called the UNDERWRITER
Bond Number: FS 204-59-90 - 01
Name and Address of Insured: Wells Fargo Funds Trust
525 Market Street
San Francisco, CA 94105
The UNDERWRITER, in consideration of an agreed premium, and in reliance upon the statements and information furnished to the UNDERWRITER by the Insured, and subject to the terms and conditions of the underlying coverage scheduled in ITEM 3 below, as excess and not contributing insurance, agrees to pay the Insured for loss which:
(a) Would have been paid under the Underlying but for the fact that such loss exceeds the limit of liability of the Underlying Carrier (s) listed in Item 3, and
(b) for which the Underlying Carrier (s) has (have) made payment, and the Insured has collected the full amount of the expressed limit of the Underlying Carrier’s (s) liability.
ITEM 1. BOND PERIOD: from 12:01 a.m. on 09/01/2011 to 12:01 a.m. on 09/01/2012
(inception) (expiration)
ITEM 2. LIMIT OF LIABILITY AT INCEPTION: $12,500,000 Single Loss Limit over Insuring Agreements
A, B, C, D, E, F, J and L (Financial Institution Investment Company Bond)
ITEM 3. UNDERLYING COVERAGE:
CARRIER: Great American Insurance Company
LIMIT: $20,000,000 Single Loss Limit subject to primary deductibles over
Insuring Agreements A, B, C, D, E, F, J and L
(Financial Institution Investment Company Bond)
BOND NUMBER: FS 517-76-01 - 08
BOND PERIOD: 12:01 AM on 09/01/2011 to 12:01 AM on 09/01/2012
B) CARRIER: Fidelity & Deposit Company of Maryland
LIMIT: $20,000,000 Limit over Item A Above
BOND NUMBER: FIB 0004712 11
BOND PERIOD: 12:01 AM on 09/01/2011 to 12:01 AM on 09/01/2012
C) CARRIER: Berkley Regional Insurance Company
LIMIT: $20,000,000 Limit over Items A & B Above
BOND NUMBER: BFI-71000386-11
BOND PERIOD: 12:01 AM on 09/01/2011 to 12:01 AM on 09/01/2012
D) CARRIER: Federal Insurance Company
LIMIT: $20,000,000 Limit over Items A, B & C Above
BOND NUMBER: 82183333
BOND PERIOD: 12:01 AM on 09/01/2011 to 12:01 AM on 09/01/2012
E) CARRIER: Axis Insurance Company
LIMIT: $10,000,000 Limit over Items A, B, C & D Above
BOND NUMBER: MCN753993/01/2011
BOND PERIOD: 12:01 AM on 09/01/2011 to 12:01 AM on 09/01/2012
F) CARRIER: National Union Fire Insurance Company of Pittsburgh, PA
LIMIT: $20,000,000 over Items A, B, C, D & E Above
BOND NUMBER: 06-683-41-68
BOND PERIOD: 12:01 AM on 09/01/2011 to 12:01 AM on 09/01/2012
ITEM 4. Coverage provided by this Bond is subject to the following attached Rider(s): Rider No. 1
ITEM 5. By acceptance of this Bond, you give us notice canceling prior Bond No. FS 204-59-90 – 00.
the cancellation to be effective at the same time this Bond becomes effective.
In witness whereof, the UNDERWRITER has caused this certificate to be signed by an Authorized Representative of the UNDERWRITER this _______ day of _________________, 2011.
GREAT AMERICAN INSURANCE COMPANY
By: __________________________________________
(Authorized Representative)
RIDER NO. 1
To be attached to and form part of Bond No. FS 204-59-90 - 01
Issued to Wells Fargo Funds Trust
It is agreed that:
1. Coverage provided by this Bond shall not respond as excess over any sub-limited coverage(s) that are part of the Primary Bond.
2. This rider shall become effective as of 12:01 a.m. on 09/01/2011 standard time.