40-17G 1 jhfundsfidelitybonds.htm JOHN HANCOCK TAX-EXEMPT SERIES (BONDS) jhfundsfidelitybonds.htm - Generated by SEC Publisher for SEC Filing
             Chubb Group of Insurance Companies   DECLARATIONS    
          FINANCIAL INSTITUTION INVESTMENT
             15 Mountain View Road, Warren, New Jersey 07059   COMPANY ASSET PROTECTION BOND
 
 
NAME OF ASSURED (including its Subsidiaries):   FEDERAL INSURANCE COMPANY
 
JOHN HANCOCK FUNDS          
          Incorporated under the laws of Indiana
          a stock insurance company herein called the
601 CONGRESS STREET     COMPANY    
BOSTON, MA 02210     Capital Center, 251 North Illinois, Suite 1100
          Indianapolis, IN 46204-1927    
Bond Number: 81906724          
 
ITEM 1. BOND PERIOD: from 12:01 a.m. on July 15, 2009        
    to 12:01 a.m. on July 15, 2010        
ITEM 2. LIMITS OF LIABILITY-DEDUCTIBLE AMOUNTS:        
 
     If "Not Covered" is inserted below opposite any specified INSURING CLAUSE, such INSURING CLAUSE
     and any other reference shall be deemed to be deleted. There shall be no deductible applicable to any
     loss under INSURING CLAUSE 1. sustained by any Investment Company.    
 
    DEDUCTIBLE
     INSURING CLAUSE   LIMIT OF LIABILITY AMOUNT
     1.     Employee   $

   15,000,000

$           0
     2. On Premises   $    15,000,000 $ 150,000
     3. In Transit   $    15,000,000 $ 150,000
     4. Forgery or Alteration $    15,000,000 $ 150,000
     5. Extended Forgery   $    15,000,000 $ 150,000
     6. Counterfeit Money   $    15,000,000 $ 150,000
     7. Threats to Person   $    15,000,000 $ 150,000
     8. Computer System   $    15,000,000 $ 150,000
     9. Voice Initiated Funds Transfer Instruction $    15,000,000 $ 150,000
     10. Uncollectible Items of Deposit $    15,000,000 $ 150,000
     11. Audit Expense   $        150,000 $           0

ITEM 3. THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE FOLLOWING
   ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH:
 
   ENDORSEMENTS 1 - 11

IN WITNESS WHEREOF, THE COMPANY has caused this Bond to be signed by its authorized officers, but it shall not be valid unless also signed by an authorized representative of the Company.

/s/ W. Andrew Mason /s/ John J. Degnan
Secretary  President  
 
/s/ Robert Hamburger  
Countersigned by ________________________________  Authorized Representative  
 
ICAP Bond (5-98) - Federal Form 17-02-    
1421 (Ed. 5-98)   Page 1 of 1


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

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


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

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


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

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


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

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


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

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


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

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


General Agreements

Court Costs And Attorneys' Fees (continued)

 

(3) in the absence of 1 or 2 above, an arbitration panel agrees, after a review of an agreed statement of facts between the COMPANY and the ASSURED, that an Employee would be found guilty of Larceny or Embezzlement if such Employee were prosecuted.

The ASSURED shall promptly give notice to the COMPANY of any such suit or legal proceeding and at the request of the COMPANY shall furnish copies of all pleadings and pertinent papers to the COMPANY. The COMPANY may, at its sole option, elect to conduct the defense of all or part of such legal proceeding. The defense by the COMPANY shall be in the name of the ASSURED through attorneys selected by the COMPANY. The ASSURED shall provide all reasonable information and assistance as required by the COMPANY for such defense. If the COMPANY declines to defend the ASSURED, no settlement without the prior written consent of the COMPANY nor judgment against the ASSURED shall determine the existence, extent or amount of coverage under this Bond.

If the amount demanded in any such suit or legal proceeding is within the DEDUCTIBLE AMOUNT, if any, the COMPANY shall have no liability for court costs and attorney's fees incurred in defending all or part of such suit or legal proceeding.

If the amount demanded in any such suit or legal proceeding is in excess of the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS for the applicable INSURING CLAUSE, the COMPANY'S liability for court costs and attorney's fees incurred in defending all or part of such suit or legal proceedings is limited to the proportion of such court costs and attorney's fees incurred that the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS for the applicable INSURING CLAUSE bears to the total of the amount demanded in such suit or legal proceeding.

If the amount demanded is any such suit or legal proceeding is in excess of the DEDUCTIBLE AMOUNT, if any, but within the LIMIT OF LIABILITY stated in ITEM

2. of the DECLARATIONS for the applicable INSURING CLAUSE, the COMPANY'S liability for court costs and attorney's fees incurred in defending all or part of such suit or legal proceedings shall be limited to the proportion of such court costs or attorney's fees that the amount demanded that would be payable under this Bond after application of the DEDUCTIBLE AMOUNT, bears to the total amount demanded.

Amounts paid by the COMPANY for court costs and attorneys' fees shall be in addition to the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS.


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


Conditions And Limitations

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

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


Conditions And
Limitations

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

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


Conditions And
Limitations

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

ICAP Bond (5-98)    
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Conditions And Limitations

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

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


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

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


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

ICAP Bond (5-98)    
Form 17-02-1421 (Ed. 5-98)   Page 13 of 19


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

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


Conditions And
Limitations

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

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


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

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


Conditions And Limitations

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

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


Conditions And Limitations

Termination     If any partner, director, trustee, or officer or supervisory employee of an
(continued)     ASSURED not acting in collusion with an Employee learns of any dishonest act
      committed by such Employee at any time, whether in the employment of the
      ASSURED or otherwise, whether or not such act is of the type covered under this
      Bond, and whether against the ASSURED or any other person or entity, the
      ASSURED:
      a. shall immediately remove such Employee from a position that would enable
        such Employee to cause the ASSURED to suffer a loss covered by this
        Bond; and
      b. within forty-eight (48) hours of learning that an Employee has committed
        any dishonest act, shall notify the COMPANY, of such action and provide full
particulars of such dishonest act.
      The COMPANY may terminate coverage as respects any Employee sixty (60)
      days after written notice is received by each ASSURED Investment Company
      and the Securities and Exchange Commission, Washington, D.C. of its desire to
      terminate this Bond as to such Employee.
 
Other Insurance   14. Coverage under this Bond shall apply only as excess over any valid and collectible
      insurance, indemnity or suretyship obtained by or on behalf of:
 
      a. the ASSURED,
      b. a Transportation Company, or
      c. another entity on whose premises the loss occurred or which employed the
        person causing the loss or engaged the messenger conveying the Property
        involved.
 
Conformity   15. If any limitation within this Bond is prohibited by any law controlling this Bond's
      construction, such limitation shall be deemed to be amended so as to equal the
      minimum period of limitation provided by such law.
 
Change or Modification 16. This Bond or any instrument amending or affecting this Bond may not be changed
      or modified orally. No change in or modification of this Bond shall be effective
      except when made by written endorsement to this Bond signed by an authorized
      representative of the COMPANY.
      If this Bond is for a sole ASSURED, no change or modification which would
      adversely affect the rights of the ASSURED shall be effective prior to sixty (60)
      days after written notice has been furnished to the Securities and Exchange
      Commission, Washington, D.C., by the acting party.

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


Conditions And
Limitations

Change or Modification (continued)

 

If this Bond is for a joint ASSURED, no charge or modification which would adversely affect the rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished to all insured Investment Companies and to the Securities and Exchange Commission, Washington, D.C., by the COMPANY.


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


Effective date of  
this endorsement: July 15, 2009 FEDERAL INSURANCE COMPANY
  Endorsement No.: 1 Bond
  To be attached to and form a part of
  Bond Number: 81906724
 
Issued to: JOHN HANCOCK FUNDS  

COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS RIDER

It is agreed that this insurance does not apply to the extent that trade or economic sanctions or other laws or regulations prohibit the coverage provided by this insurance.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: January 25, 2010 By

/s/ Robert Hamburger

Authorized

Form 14-02-9228 (Ed. 4/2004)


                                                                                                                           FEDERAL INSURANCE COMPANY
 
 
                                                                                                                               Endorsement No: 2 Bond
                                                                                                                               Bond Number: 81906724
NAME OF ASSURED: JOHN HANCOCK FUNDS
 
TERMINATION-NONRENEWAL-NOTICE ENDORSEMENT
It is agreed that this Bond is amended as follows:
1.       By adding to Section 13., Termination, the following:
           "Termination By The Company
             Bonds In Effect For More Than Sixty (60) Days
             If this Bond has been in effect for more than sixty (60) days, or, if this Bond is a renewal, the
             COMPANY may terminate by providing written notice of cancellation at least sixty (60) days before
             the effective date of termination for at least one of the following reasons:
           1. Nonpayment of premium;
           2. Discovery of fraud or material misrepresentation in obtaining this Bond or in the presentation
  of a claim thereunder;
           3. Discovery of willful or reckless acts or omissions or violation of any provision of this Bond on
  the part of the ASSURED which substantially and materially increases any hazard insured
  against, and which occurred subsequent to the inception of the current BOND PERIOD;
           4. Conviction of the ASSURED of a crime arising out of acts increasing the hazard insured
                 against;
           5. Material change in the risk which increases the risk of loss after insurance coverage has been
  issued or renewed, except to the extent that the COMPANY should reasonably have foreseen
  the change, or contemplated the risk when the contract was written;
           6. Determination by the Commissioner that the continuation of the Bond would jeopardize a
  COMPANY'S solvency or would place the COMPANY in violation of the insurance laws of any
  state;
           7. Determination by the Commissioner that continuation of the present premium volume of the
COMPANY would jeopardize the COMPANY'S policyholders, creditors or the public;
           8. Such other reasons that are approved by the Commissioner;
           9. Determination by the Commissioner that the COMPANY no longer has adequate reinsurance
  to meet the ASSUREDS needs;
           10. Substantial breaches of contractual duties, conditions or warranties; or
           11. Unfavorable underwriting facts, specific to the ASSURED, existing that were not present at the
  inception of the Bond.

ICAP Bond  
Form 17-02-1360 (Rev. 10-99) Page 1 


Bonds In Effect Sixty (60) Days Or Less

If this Bond has been in effect for sixty (60) days or less, and it is not a renewal Bond, the COMPANY may terminate for any reason by providing written notice of termination at least sixty (60) days before the effective date of termination.

Notice Of Termination

Notice of termination under this Section shall be mailed or delivered, by certified mail, return receipt provided by the United States Postal Service, to the ASSURED and to the authorized agent or broker, if any, at least sixty (60) days prior to the effective date of cancellation at the address shown on the DECLARATIONS of this Bond.

If this Bond is cancelled for nonpayment of premium, the COMPANY will mail or deliver, by certified mail, return receipt provided by the United States Postal Service, a written notice at least thirty (30) days before the effective date of cancellation. The cancellation notice shall contain information regarding the amount of premium due and the due date, and shall state the effect of nonpayment by the due date. Cancellation shall not be effective if payment of the amount due is made prior to the effective date of cancellation.

All notice of cancellation shall state the reason(s) for cancellation.

There is no liability on the part of, and no cause of action of any nature shall arise against, the COMPANY, its authorized representatives, its employees, or any firm, person or corporation furnishing to the COMPANY, information relating to the reasons for cancellation or nonrenewal, for any statement made by them in complying or enabling the COMPANY to comply with this Section, for the provision of information pertaining thereto, or for statements made or evidence submitted at any hearings conducted in connection therewith, if such information was provided in good faith and without malice.

Notice Of Nonrenewal

If the COMPANY elects not to renew this Bond, the COMPANY shall mail or deliver written notice, by certified mail, return receipt, provided by the United States Postal Service, to the ASSURED, at his last known address, at least sixty (60) days before the expiration date or before the anniversary date, if this Bond has been written for a term of more than one (1) year. Such notice shall also be mailed to the ASSURED'S agent or broker, if any.

Such notice shall contain all of the following:

a.      Bond Number:
b.      Date of Notice;
c.      Reason for Cancellation;
d.      Expiration Date of the Bond;
e.      Effective Date and Hour of Cancellation.

Notice of nonrenewal shall not be required if the COMPANY or a COMPANY within the same insurance group has offered to issue a renewal Bond, the ASSURED has obtained replacement coverage or has agreed in writing to obtain replacement coverage, the ASSURED has requested or agreed to nonrenewal, or the Bond is expressly designated as nonrenewable.

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

Page 2


  Return Premium Calculations
  Any unearned premiums which have been paid by the ASSURED shall be refunded to the ASSURED on a pro rata basis if terminated by the COMPANY or the ASSURED. The unearned premiums shall be refunded to the ASSURED within forty-five (45) days of receipt of the request for cancellation or the effective date of cancellation, whichever is later.
  Conditional Renewal
  If the COMPANY offers or purports to renew the Bond, but on less favorable terms or at higher rates, the new terms or higher premiums may take effect on the renewal date, if the COMPANY mails or delivers by certified mail, return receipt provided by the United States Postal Service, to the ASSURED, notice of the new terms or premiums at least sixty (60) days prior to the renewal date. If the COMPANY notifies the ASSURED within sixty (60) days prior to the renewal date, the new terms or premiums do not take effect until sixty (60) days after the notice is mailed or delivered, in which case, the ASSURED may elect to cancel the renewal Bond within the sixty (60) day period. If the COMPANY does not notify the ASSURED of the new terms or premiums, the COMPANY shall continue the Bond at the expiring terms and premiums until notice is given or until the effective date of replacement coverage is obtained by the ASSURED, whichever occurs first."
2.      It is further understood and agreed that for the purposes of Section 13., Termination, any occurrence listed in this Section shall be considered to be a request by the ASSURED to immediately terminate this Bond.

This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2009.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

     By Date: January 25, 2010

/s/ Robert Hamburger

Authorized Representative

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


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

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


             cc. Withdrawal Order means a non-negotiable instrument, other than an Instruction, signed by a
                     customer of the ASSURED authorizing the ASSURED to debit the customer's account in the
                     amount of funds stated therein.
 
 
 
 
This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2009.
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
 
 
                                                                                                                                         By   s/ Robert Hamburger
Date: January 25, 2010
                                                                                                                                               Authorized Representative

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


    FEDERAL INSURANCE COMPANY
 
    Endorsement No.: 4 Bond
 
    Bond Number: 81906724
 
NAME OF ASSURED: JOHN HANCOCK FUNDS
 
AUTOMATED TELEPHONE TRANSACTION ENDORSEMENT
 
It is agreed that this Bond is amended as follows:
1. By adding the following INSURING CLAUSE:
  13.   Automated Telephone System Transaction
         Loss resulting directly from the ASSURED having transferred funds on the faith of any
         Automated Phone System (APS) Transaction, where the request for such APS
         Transaction is unauthorized or fraudulent and is made with the intent to deceive. In order for
         coverage to apply under this INSURING CLAUSE the ASSURED shall maintain and follow all
         APS Designated Procedures. A single failure of the ASSURED to maintain and follow a
         particular APS Designated Procedure in a particular APS Transaction will not preclude
         coverage under this INSURING CLAUSE.
 
2. By adding to Section 1., Definitions, the following:
  dd. APS Designated Procedures means all of the following procedures:
               (1) No APS Transaction shall be executed unless the shareholder or unitholder to whose
    account such an APS Transaction relates has previously elected to APS Transactions.
    (Election in Application)
               (2) All APS Transactions shall be logged or otherwise recorded and the records shall be
    retained for at least six (6) months. (Logging)
    Information contained in the records shall be capable of being retrieved and produced
    within a reasonable time after retrieval of specific information is requested, at a success
    rate of no less than 85 percent.
               (3) The caller in any request for an APS Transaction, before executing that APS
    Transaction must enter a personal identification number (PIN), social security number
    and account number. (Identity Test)
    If the caller fails to enter a correct PIN within three (3) attempts, the caller must not be
    allowed additional attempts during the same telephone call to enter the PIN. The caller
    may either be instructed to redial a customer service representative or may be
    immediately connected to such a representative. (Limited attempts to Enter PIN)

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


    (4) A written confirmation of any APS Transaction or change of address shall be mailed to
      the shareholder or unitholder to whose account such transaction relates, at the record
      address, by the end of the insured's next regular processing cycle, but in no event later
      than five (5) business days following such APS Transaction. (Written Confirmation)
    (5) Access to the equipment which permits the entity receiving the APS Transaction
      request to process and effect the transaction shall be limited in the following manner:
      (Access to APS Equipment)
ee. APS Election means any election concerning various account features available to the
    shareholder or unitholder which is made through the Automated Phone System by means of
    information transmitted by an individual caller through use of a Automated Phone System.
    These features include account statements, auto exchange, auto asset builder, automatic
    withdrawal, dividend/capital gain options, dividend sweep, telephone balance consent and
    change of address.
ff. APS Exchange means any exchange of shares or units in a registered account of one fund into
    shares or units in an account with the same tax identification number and same ownership-
    type code of another fund in the same complex pursuant to exchange privileges of the two
    funds, which exchange is requested through the Automated Phone System by means of
    information transmitted by an individual caller through use of an Automated Phone System.
gg. APS Purchase means any purchase of shares or units issued by an Investment Company
    which is requested through an Automated Phone System.
hh. APS Redemption means any redemption of shares or units issued by an Investment
    Company which it requested through the telephone by means of information transmitted by
    an individual caller through use of a Automated Phone System.
ii. APS Transaction means any APS Purchase, APS Redemption, APS Election or APS
    Exchange.
jj. Automated Phone System means an automated system which receives and converts to
    executable instructions transmissions through the Automated Phone System through use of
    a touch-tone keypad or other tone system; and always excluding transmissions from a
    computer system or part thereof.
3.  By adding the following Section after Section 4., Specific Exclusions-Applicable To All Insuring
   Clauses Except 1., 4., 5.:
   Section 4.A Specific Exclusion-Applicable to Insuring Clause 13
 
   This Bond does not directly or indirectly cover under Insuring Clause 13:
 
   Loss resulting from:
   a. the redemption of shares or units, where the proceeds of such redemption are made payable
    to other than:
    (1) the shares or units of record,
    (2) a person designated to receive redemption proceeds, or
    (3) a bank account designated to receive redemption proceeds, or
   b. the redemption of shares or units, where the proceeds of such redemption are paid by check
    mailed to any address, unless such address has either been designated the shareholder or
    unitholder by voice through an Automated Phone System or in writing, at least thirty (30)
    days prior to such redemption, or

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


c. the redemption of shares or units, where shareholder or unitholder of the ASSURED designated bank account of record.

 

 

 

This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2009.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: January 25, 2010

By /s/ Robert Hamburger

Authorized Representative

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


    FEDERAL INSURANCE COMPANY
 
 
   

Endorsement No.: 5 Bond

 
   

Bond Number: 81906724

 
NAME OF ASSURED:   JOHN HANCOCK FUNDS
 
 
 
TELEFACSIMILE INSTRUCTION FRAUD ENDORSEMENT
 
It is agreed that this Bond is amended as follows:
 
1. By adding the following INSURING CLAUSE:
 
  14. Telefacsimile Instruction
 
  Loss resulting directly from the ASSURED having transferred, paid or delivered any funds
  or other Property or established any credit, debited any account or given any value on
  the faith of any fraudulent instructions sent by a Customer, financial institution or another
  office of the ASSURED by Telefacsimile directly to the ASSURED authorizing or
  acknowledging the transfer, payment or delivery of funds or Property or the
  establishment of a credit or the debiting of an account or the giving of value by the
  ASSURED where such Telefacsimile instructions:
 
                         a. bear a valid test key exchanged between the ASSURED and a Customer or
    another financial institution with authority to use such test key for Telefacsimile
    instructions in the ordinary course of business, but which test key has been
    wrongfully obtained by a person who was not authorized to initiate, make,
    validate or authenticate a test key arrangement, and
 
                         b. fraudulently purport to have been sent by such Customer or financial institution
    when such Telefacsimile instructions were transmitted without the knowledge or
    consent of such Customer or financial institution by a person other than such
    Customer or financial institution and which bear a Forgery of a signature,
    provided that the Telefacsimile instruction was verified by a direct call back to an
    employee of the financial institution, or a person thought by the ASSURED to be
       the Customer, or an employee of another financial institution.
 
2. By deleting from Section 1., Definitions, the definition of Customer in its entirety, and substituting
     the following:  
 
  d. Customer means an individual, corporate, partnership, trust customer, shareholder or
  subscriber of an Investment Company which has a written agreement with the ASSURED
  for Voice Initiated Funds Transfer Instruction or Telefacsimile Instruction.

ICAP Bond    
Form 17-02-2367(Rev. 10-03)   Page 1


31. By adding to Section 1., Definitions, the following:
 
 
 
 
  kk. Telefacsimile means a system of transmitting written documents by electronic signals over
        telephone lines to equipment maintained by the ASSURED for the purpose of
        reproducing a copy of said document. Telefacsimile does not mean electronic
        communication sent by Telex or similar means of communication, or through an

electronic communication system or through an automated clearing house.

 
4. By adding to Section 3., Specific Exclusions Applicable to All Insuring Clauses Except Insuring
  Clause 1. the following:
 
  d. loss resulting directly or indirectly from Telefacsimile instructions provided, however, this
             exclusion shall not apply to this INSURING CLAUSE.

This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2009.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: January 25, 2010

By /s/ Robert Hamburger

Authorized Representative

ICAP Bond

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

 


                                                                                                                 FEDERAL INSURANCE COMPANY
 
                                                                                                                   Endorsement No.: 6 Bond
                                                                                                                   Bond Number: 81906724
NAME OF ASSURED: JOHN HANCOCK FUNDS  
 
STOP PAYMENT ORDER OR REFUSAL TO PAY CHECK ENDORSEMENT
It is agreed that this Bond is amended as follows:  
1. By adding the following INSURING CLAUSE:  
"15. Stop Payment Order or Refusal to Pay Check
    Loss resulting directly from the ASSURED being legally liable to pay compensatory damages
    for:    
    a.    complying or failing to comply with notice from any customer of the ASSURED or any
         authorized representative of such customer, to stop payment on any check or draft
         made or drawn upon or against the ASSURED by such customer or by any authorized
         representative of such customer, or  
    b.    refusing to pay any check or draft made or drawn upon or against the ASSURED by any
         customer of the ASSURED or by any authorized representative of such customer."
2. By adding the following Specific Exclusion:  
   "Section 4.A. Specific Exclusions - Applicable to INSURING CLAUSE  
   15 This Bond does not directly or indirectly cover:  
   a. liability assumed by the ASSURED by agreement under any contract, unless such liability
    would have attached to the ASSURED even in the absence of such agreement,
   b. loss arising out of:  
    (1)    libel, slander, wrongful entry, eviction, defamation, false arrest, false imprisonment,
         malicious prosecution, assault or battery,  
    (2)    sickness, disease, physical bodily harm, mental or emotional distress or anguish, or
         death of any person, or  
    (3)    discrimination."  
This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2009.  
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN  
UNCHANGED.  

Date: January 25, 2010

By /s/ Robert Hamburger

Authorized Representative

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


                                                                                                   FEDERAL INSURANCE COMPANY
 
 
                                                                                                     Endorsement No.: 7 Bond
                                                                                                     Bond Number: 81906724
 
NAME OF ASSURED: JOHN HANCOCK FUNDS  
 
EXTENDED COMPUTER SYSTEMS ENDORSEMENT
 
It is agreed that this Bond is amended as follows: 1.  
By adding the following INSURING CLAUSE: 16.  
Extended Computer Systems  

A. Electronic Data, Electronic Media, Electronic

 
                                         Instruction Loss resulting directly from:  
                                         (1)    the fraudulent modification of Electronic Data, Electronic Media or Electronic
     Instruction being stored within or being run within any system covered under this
     INSURING CLAUSE,  
                                         (2)    robbery, burglary, larceny or theft of Electronic Data, Electronic Media or
     Electronic Instructions,  
                                         (3)    the acts of a hacker causing damage or destruction of Electronic Data, Electronic
     Media or Electronic Instruction owned by the ASSURED or for which the
     ASSURED is legally liable, while stored within a Computer System covered
     under this INSURING CLAUSE, or  
 (4)    the damage or destruction of Electronic Data, Electronic Media or Electronic
     Instruction owned by the ASSURED or for which the ASSURED is legally liable
     while stored within a Computer System covered under INSURING CLAUSE 8,
     provided such damage or destruction was caused by a computer program or
     similar instruction which was written or altered to intentionally incorporate a hidden
     instruction designed to damage or destroy Electronic Data, Electronic Media, or
     Electronic Instruction in the Computer System in which the computer program
     or instruction so written or so altered is used.  

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


B. Electronic Communication
  Loss resulting directly from the ASSURED having transferred, paid or delivered any
  funds or property, established any credit, debited any account or given any value on the
  faith of any electronic communications directed to the ASSURED, which were
  transmitted or appear to have been transmitted through:
  (1) an Electronic Communication System,
  (2) an automated clearing house or custodian, or
  (3) a Telex, TWX, or similar means of communication,
  directly into the ASSURED'S Computer System or Communication Terminal, and
  fraudulently purport to have been sent by a customer, automated clearing house,
  custodian, or financial institution, but which communications were either not sent by said
  customer, automated clearing house, custodian, or financial institution, or were
  fraudulently modified during physical transit of Electronic Media to the ASSURED or
  during electronic transmission to the ASSURED'S Computer System or
  Communication Terminal.
C. Electronic Transmission
  Loss resulting directly from a customer of the ASSURED, any automated clearing house,
  custodian, or financial institution having transferred, paid or delivered any funds or
  property, established any credit, debited any account or given any value on the faith of
  any electronic communications, purporting to have been directed by the ASSURED to
  such customer, automated clearing house, custodian, or financial institution initiating,
  authorizing, or acknowledging, the transfer, payment, delivery or receipt of funds or
  property, which communications were transmitted through:
  (1) an Electronic Communication System,
  (2) an automated clearing house or custodian, or
  (3) a Telex, TWX, or similar means of communication,
  directly into a Computer System or Communication Terminal of said customer,
  automated clearing house, custodian, or financial institution, and fraudulently purport to
  have been directed by the ASSURED, but which communications were either not sent
  by the ASSURED, or were fraudulently modified during physical transit of Electronic
  Media from the ASSURED or during electronic transmission from the ASSURED'S
  Computer System or Communication Terminal, and for which loss the ASSURED is
  held to be legally liable.

ICAP2 Bond    
Form 17-02-2976 (Ed. 1-02)   Page 2


2. By adding to Section 1., Definitions, the following:
 
 
  ll. Communication Terminal means a teletype, teleprinter or video display terminal, or similar
    device capable of sending or receiving information electronically. Communication Terminal
    does not mean a telephone.
  mm. Electronic Communication System means electronic communication operations by Fedwire,
    Clearing House Interbank Payment System (CHIPS), Society of Worldwide International
    Financial Telecommunication (SWIFT), similar automated interbank communication systems,
    and Internet access facilities.
  nn. Electronic Data means facts or information converted to a form usable in Computer Systems
    and which is stored on Electronic Media for use by computer programs.
  oo. Electronic Instruction means computer programs converted to a form usable in a Computer
    System to act upon Electronic Data.
  pp. Electronic Media means the magnetic tape, magnetic disk, optical disk, or any other bulk
    media on which data is recorded.
3. By adding the following Section after Section 4., Specific Exclusions-Applicable to All INSURING
  CLAUSES except 1., 4., and 5.:
  Section 4.A. Specific Exclusions-Applicable to INSURING CLAUSE
  16 This Bond does not directly or indirectly cover:
  a. loss resulting directly or indirectly from Forged, altered or fraudulent negotiable instruments,
    securities, documents or written instruments used as source documentation in the preparation
    of Electronic Data;
  b. loss of negotiable instruments, securities, documents or written instruments except as
    converted to Electronic Data and then only in that converted form;
  c. loss resulting from mechanical failure, faulty construction, error in design, latent defect, wear
    or tear, gradual deterioration, electrical disturbance, Electronic Media failure or breakdown or
    any malfunction or error in programming or error or omission in processing;
  d. loss resulting directly or indirectly from the input of Electronic Data at an authorized
    electronic terminal of an Electronic Funds Transfer System or a Customer
    Communication System by a person who had authorized access from a customer to that
    customer's authentication mechanism; or
  e. liability assumed by the ASSURED by agreement under any contract, unless such liability

would have attached to the ASSURED even in the absence of such agreement; or

  f. loss resulting directly or indirectly from:
    (1) written instruction unless covered under this INSURING CLAUSE; or
    (2) instruction by voice over the telephone, unless covered under this INSURING CLAUSE.

ICAP2 Bond    
Form 17-02-2976 (Ed. 1-02)   Page 3


4.      By adding to Section 9., Valuation, the following:
  Electronic Data, Electronic Media, Or Electronic Instruction
  In case of loss of, or damage to, Electronic Data, Electronic Media or Electronic Instruction used by the ASSURED in its business, the COMPANY shall be liable under this Bond only if such items are actually reproduced form other Electronic Data, Electronic Media or Electronic Instruction of the same kind or quality and then for not more than the cost of the blank media and/or the cost of labor for the actual transcription or copying of data which shall have been furnished by the ASSURED in order to reproduce such Electronic Data, Electronic Media or Electronic Instruction subject to the applicable SINGLE LOSS LIMIT OF LIABILITY.
  However, if such Electronic Data can not be reproduced and said Electronic Data represents Securities or financial instruments having a value, then the loss will be valued as indicated in the SECURITIES and OTHER PROPERTY paragraphs of this Section.

This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2009.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: January 25, 2010

By /S/ Robert Hamburger

Authorized Representative

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


                                                                                                       FEDERAL INSURANCE COMPANY
 
 
                                                                                                           Endorsement No: 8 Bond
                                                                                                           Bond Number: 81906724
 
NAME OF ASSURED: JOHN HANCOCK FUNDS  
 
 
                                               NAME OF ASSURED ENDORSEMENT  
 
It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to read as
follows:    
 
 
JOHN HANCOCK  
FUNDS    
 
JOHN HANCOCK TRUST  
500 INDEX  
500 INDEX TRUST B  
ABSOLUTE RETURN TRUST  
ACTIVE BOND TRUST ALL CAP  
CORE TRUST ALL CAP  
GROWTH TRUST ALL CAP  
VALUE TRUST  
AMERICAN ASSET ALLOCATION TRUST  
AMERICAN BLUE CHIP INCOME AND GROWTH TRUST  
AMERICAN BOND TRUST AMERICAN  
GLOBAL GROWTH TRUST  
AMERICAN GLOBAL SMALL CAPITALIZATION TRUST  
AMERICAN GROWTH TRUST AMERICAN  
GROWTH-INCOME TRUST  
AMERICAN HIGH-INCOME BOND TRUST  
AMERICAN INTERNATIONAL TRUST  
AMERICAN NEW WORLD TRUST  
BLUE CHIP GROWTH TRUST  
BOND INDEX TRUST A  
BOND INDEX TRUST B  
CAPITAL APPRECIATION TRUST  
CLASSIC VALUE TRUST CORE  
BOND TRUST  
CORE EQUITY TRUST  
DYNAMIC GROWTH TRUST EMERGING  
GROWTH TRUST EMERGING MARKETS  
VALUE TRUST  
EMERGING SMALL COMPANY TRUST  
EQUITY-INCOME TRUST  
FINANCIAL SERVICES TRUST  
FRANKLIN TEMPLETON FOUNDING ALLOCATION TRUST  
FUNDAMENTAL VALUE TRUST  

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


FEDERAL INSURANCE COMPANY

GLOBAL ALLOCATION TRUST
GLOBAL BOND TRUST
GLOBAL REAL ESTATE TRUST
GLOBAL TRUST
GROWTH & INCOME TRUST

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


GROWTH OPPORTUNITIES TRUST
GROWTH TRUST HEALTH SCIENCES
TRUST HIGH INCOME TRUST HIGH YIELD
TRUST INCOME & VALUE TRUST INCOME
TRUST
INDEX ALLOCATION TRUST
INTERNATIONAL CORE TRUST
INTERNATIONAL EQUITY INDEX TRUST A
INTERNATIONAL EQUITY INDEX TRUST B
INTERNATIONAL GROWTH TRUST
INTERNATIONAL OPPORTUNITIES TRUST
INTERNATIONAL SMALL CAP TRUST
INTERNATIONAL SMALL COMPANY
TRUST INTERNATIONAL VALUE TRUST
INTRINSIC VALUE TRUST
INVESTMENT QUALITY BOND TRUST
LARGE CAP TRUST LARGE
CAP VALUE TRUST
LIFESTYLE AGGRESSIVE TRUST
LIFESTYLE BALANCED TRUST LIFESTYLE
CONSERVATIVE TRUST
LIFESTYLE GROWTH TRUST
LIFESTYLE MODERATE TRUST
MANAGED TRUST
MID CAP INDEX TRUST
MID CAP INTERSECTION TRUST MID CAP
STOCK TRUST
MID CAP VALUE EQUITY TRUST
MID CAP VALUE TRUST
MID VALUE TRUST
MONEY MARKET TRUST
MONEY MARKET TRUST B
MUTUAL SHARES TRUST NATURAL
RESOURCES TRUST
OVERSEAS EQUITY TRUST
PACIFIC RIM TRUST
QUANTITATIVE ALL CAP TRUST
QUANTITATIVE MID CAP TRUST
QUANTITATIVE VALUE TRUST REAL
ESTATE EQUITY TRUST
REAL ESTATE SECURITIES TRUST REAL
RETURN BOND TRUST
SCIENCE & TECHNOLOGY TRUST
SHORT-TERM BOND TRUST
SMALL CAP GROWTH TRUST
SMALL CAP INDEX TRUST
SMALL CAP INTRINSIC VALUE TRUST
SMALL CAP OPPORTUNITIES TRUST
SMALL CAP TRUST SMALL CAP VALUE
TRUST
SMALL COMPANY GROWTH TRUST
SMALL COMPANY TRUST
SMALL COMPANY VALUE TRUST SPECIAL
VALUE TRUST

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


SPECTRUM INCOME TRUST
STRATEGIC BOND TRUST
STRATEGIC INCOME TRUST
TOTAL RETURN TRUST
TOTAL STOCK MARKET INDEX TRUST
U.S. CORE TRUST
U.S. GLOBAL LEADERS GROWTH TRUST
U.S. GOVERNMENT SECURITIES TRUST
U.S. HIGH YIELD BOND TRUST U.S.
LARGE CAP TRUST
U.S. MULTI SECTOR TRUST
UTILITIES TRUST
VALUE & RESTRUCTURING TRUST
VALUE OPPORTUNITIES TRUST VALUE
TRUST
VISTA TRUST
JOHN HANCOCK FUNDS II
ABSOLUTE RETURN PORTFOLIO
ACTIVE BOND FUND ALL CAP
CORE FUND ALL CAP GROWTH
FUND ALL CAP VALUE FUND BLUE
CHIP GROWTH FUND
CAPITAL APPRECIATION FUND
CLASSIC VALUE FUND CORE BOND
FUND CORE EQUITY FUND DYNAMIC
GROWTH FUND EMERGING GROWTH
FUND EMERGING MARKETS VALUE
FUND
EMERGING SMALL COMPANY FUND
EQUITY-INCOME FUND
FINANCIAL SERVICES FUND
FUNDAMENTAL VALUE FUND
GLOBAL ALLOCATION FUND
GLOBAL BOND FUND
GLOBAL FUND
GLOBAL REAL ESTATE FUND
GROWTH & INCOME FUND
GROWTH FUND
GROWTH OPPORTUNITIES FUND
HEALTH SCIENCES FUND HIGH INCOME
FUND HIGH YIELD FUND INCOME FUND
INDEX 500 FUND
INTERNATIONAL EQUITY INDEX FUND
INTERNATIONAL GROWTH FUND
INTERNATIONAL OPPORTUNITIES FUND
INTERNATIONAL SMALL CAP FUND
INTERNATIONAL SMALL COMPANY
FUND
INTERNATIONAL VALUE FUND INTRINSIC
VALUE FUND
INVESTMENT QUALITY BOND FUND
LARGE CAP FUND LARGE
CAP VALUE FUND

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


LIFECYCLE 2010 PORTFOLIO
LIFECYCLE 2015 PORTFOLIO
LIFECYCLE 2020 PORTFOLIO
LIFECYCLE 2025 PORTFOLIO
LIFECYCLE 2030 PORTFOLIO
LIFECYCLE 2035 PORTFOLIO
LIFECYCLE 2040 PORTFOLIO
LIFECYCLE 2045 PORTFOLIO
LIFECYCLE 2050 PORTFOLIO
LIFECYCLE RETIREMENT PORTFOLIO
LIFESTYLE AGGRESSIVE PORTFOLIO
LIFESTYLE BALANCED PORTFOLIO
LIFESTYLE CONSERVATIVE PORTFOLIO
LIFESTYLE GROWTH PORTFOLIO
LIFESTYLE MODERATE PORTFOLIO MANAGED FUND
MID CAP INDEX FUND
MID CAP STOCK FUND
MID CAP INTERSECTION FUND
MID CAP VALUE EQUITY FUND
MID CAP VALUE FUND
MONEY MARKET FUND
MUTUAL SHARES FUND
NATURAL RESOURCES FUND PACIFIC RIM FUND
QUANTITATIVE ALL CAP FUND
QUANTITATIVE MID CAP FUND
QUANTITATIVE VALUE FUND
REAL ESTATE EQUITY FUND
REAL ESTATE SECURITIES FUND
REAL RETURN BOND FUND
SCIENCE & TECHNOLOGY FUND
SHORT-TERM BOND FUND
SMALL CAP FUND
SMALL CAP GROWTH FUND
SMALL CAP INDEX FUND
SMALL CAP OPPORTUNITIES FUND
SMALL CAP VALUE FUND
SMALL COMPANY FUND
SMALL COMPANY GROWTH FUND
SMALL COMPANY VALUE FUND
SPECIAL VALUE FUND
SPECTRUM INCOME FUND
STRATEGIC BOND FUND
STRATEGIC INCOME FUND
TOTAL BOND MARKET FUND
TOTAL RETURN FUND
TOTAL STOCK MARKET INDEX FUND
U.S. GLOBAL LEADERS GROWTH FUND
U.S. GOVERNMENT SECURITIES FUND
U.S. HIGH YIELD BOND FUND
U.S. MULTI SECTOR FUND UTILITIES FUND
VALUE & RESTRUCTURING FUND
VALUE FUND
VALUE OPPORTUNITIES FUND
VISTA FUND
JOHN HANCOCK CASH INVESTMENT TRUST

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


JH GOVERNMENT INCOME FUND
JH HIGH YIELD BOND FUND
JH INVESTMENT GRADE BOND FUND
JH MONEY MARKET FUND
JH U.S. GOVERNMENT CASH RESERVE FUND
JH BALANCED FUND
JH LARGE CAP EQUITY FUND
JH SOVEREIGN INVESTORS FUND
JH SMALL CAP INTRINSIC VALUE FUND
JH LARGE CAP INTRINSIC VALUE FUND
INVESTORS TRUST JH REAL ESTATE FUND
JH SMALL CAP GROWTH FUND
JH TECHNOLOGY FUND
JH FOCUSED EQUITY FUND
JH MULTI CAP GROWTH
JH MID CAP EQUITY
TAX-ADVANTAGED DIVIDEND INCOME FUND
CALIFORNIA TAX-FREE INCOME FUND
JH GROWTH TRENDS FUND JH SMALL CAP FUND
JH TECHNOLOGY LEADERS FUND
JH REAL FINANCIAL INDUSTRIES FUND
JH REGIONAL BANK FUND
JH SMALL CAP EQUITY FUND
JH HIGH INDEPENDENCE DIVERSIFIED CORE EQUITY FUND II
JH HEALTH BOND FUND
JH MASSACHUSETTS TAX-FREE INCOME FUND
JH NEW YORK TAX-FREE INCOME FUND
JH CORE EQUITY
JH INT'L CLASSIC VALUE
JH LARGE CAP SELECT JH U.S. GLOBAL LEADERS
JH CLASSIC VALUE
JH ALLOCATION CORE
JH CLASSIC VALUE II
JH ALLOCATION GROWTH INCOME SECURITIES TRUST
JH GREATER CHINA OPPORTUNITIES FUND
JH INTERNATIONAL FUND
JH MID CAP GROWTH FUND
JH HIGH YIELD MUNICIPAL BOND FUND
JH TAX-FREE BOND FUND
JH STRATEGIC INCOME FUND
JH HEALTH SCIENCES FUND
JH BANK & THRIFT OPPORTUNITY
JH PATRIOT SELECT DIVIDEND FUND
JH PATRIOT GLOBAL DIVIDEND
JH PREFERRED INCOME FUND
JH PATRIOT PREFERRED DIVIDEND
JH PREFERRED INCOME FUND II
JH PATRIOT PREMIUM DIVIDEND FUND I
JH PREFERRED INCOME FUND II
JH PATRIOT PREMIUM DIVIDEND FUND II
JOHN HANCOCK FUNDS III
JH ACTIVE VALUE FUND
JH CLASSIC VALUE MEGA CAP FUND
JH GLOBAL FUND
JH GLOBAL SHAREHOLDER YIELD FUND

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


  JH GROWTH FUND
JH GROWTH OPPORTUNITIES FUND
JH INTERNATIONAL ALLOCATION PORTFOLIO
JH INTERNATIONAL CORE FUND JH
INTERNATIONAL GROWTH FUND JH
INTRINSIC VALUE FUND
JH U.S. CORE FUND
JH U.S. QUALITY EQUITY FUND
JH VALUE OPPORTUNITIES FUND

This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2009.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: January 25, 2010   By  /s/ Robert Hamburger
    Authorized Representative

 

 


 

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


                                                                               ENDORSEMENT/RIDER
Effective date of  
this endorsement/rider: July 15, 2009 FEDERAL INSURANCE COMPANY
 
  Endorsement/Rider No. 9
  To be attached to and
  form a part of Bond No. 81906724
Issued to: JOHN HANCOCK FUNDS  
 
AUTOMATIC INCREASE IN LIMITS ENDORSEMENT

In consideration of the premium charged, it is agreed that General Agreements, Section C., Additional Offices
or Employees-Consolidation, Merger or Purchase or Acquisition of Assets or Liabilities-Notice to Company, is
amended by adding the following:
             If the ASSURED, while this Bond is in force, establish new funds other than by consolidation or merger
             with, purchase or acquisition of assets or liabilities of, another institution, such funds shall automatically
             be covered hereunder from the date of establishment.
 
             If the ASSURED, while this Bond is in force, require an increase in limits to comply with SEC Reg. 17g-
             1, due to an increase in assets, such increase shall automatically be covered hereunder from the date
             of such increase, but only as excess coverage. Such excess coverage shall not exceed five million
             dollars ($5,000,000) in additional limits and shall be excess of this Bond and of the following excess
             Bond:

Carrier: ICI Mutual Insurance Company
Bond Number 87142108B
Limits of Liability: $20,000,000
Bond Period: July 15, 2009 to July 15, 2010

The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage.

All other terms, conditions and limitations of this Bond shall remain unchanged.


                                                                                 ENDORSEMENT/RIDER
 
Effective date of    
this endorsement/rider: July 15, 2009   FEDERAL INSURANCE COMPANY

 


/s/ Robert Hamburger

Authorized Representative

 

 

 

Q07-1972(08/2007)


                                                                                 ENDORSEMENT/RIDER
 
Effective date of    
this endorsement/rider: July 15, 2009   FEDERAL INSURANCE COMPANY

                                                                                                                                   Endorsement/Rider No. 10
                                                                                                                                   To be attached to and form a part of
                                                                                                                                   Bond No. 81906724
Issued to: JOHN HANCOCK FUNDS
 
AMEND DEFINITION OF EMPLOYEE ENDORSEMENT
 
In consideration of the premium charged, it is agreed that Section 1., Definitions, the term Employee is
amended to include the following:
                           Any natural person while in the service of the ASSURED solely while performing sub-advisory
                           services for the ASSURED pursuant to a written contract.
 
 
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.


Effective date of this endorsement/rider: July 15, 2009 

 

ENDORSEMENT/RIDER

 

 

/s/ Robert Hamburger     

Authorized Representative

 

 

 

 

Q07-1957 (08/2007)


    ENDORSEMENT/RIDER
Effective date of    
this endorsement/rider: July 15, 2009    
 
 
 
 
  FEDERAL INSURANCE COMPANY
           Endorsement/Rider 11
           No. Bond
 
           To be attached to and  
           form a part of Bond No. 81906724
 
Issued to: JOHN HANCOCK FUNDS    

DELETING VALUATION-OTHER PROPERTY AND AMENDING CHANGE OR MODIFICATION
ENDORSEMENT
 
In consideration of the premium charged, it is agreed that this Bond is amended as follows:
1. The paragraph titled Other Property in Section 9, Valuation, is deleted in its entirety.
2. The third paragraph in Section 16, Change or Modification, is deleted in its entirety and replaced
  with the following:
  If this Bond is for a joint ASSURED, no change or modification which would adversely affect the
  rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been
  furnished to all insured Investment Companies and the Securities and Exchange Commission,
  Washington, D.C., by the COMPANY.

The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage.

All other terms, conditions and limitations of this Bond shall remain unchanged.


 
Effective date of ENDORSEMENT/RIDER 
this endorsement/rider: July 15, 2009  

/s/ Robert Hamburger 
Authorized
Representative

 

 


 

17-02-2437   (12/2006) Page 1
rev.      


7/15/2009

JOHN HANCOCK FUNDS
601 CONGRESS STREET
BOSTON, MA 02210

Re: Financial Strength
           Insuring Company: FEDERAL INSURANCE COMPANY
 
Dear JOHN HANCOCK FUNDS
 
Chubb continues to deliver strong financial performance. Our financial strength, as reflected in our
published reports and our ratings, should give you peace of mind that Chubb will be there for you when
you need us most.
          o Chubb's financial results during 2009 stand out in the industry.
          o Chubb's balance sheet is backed with investments that we believe emphasize quality, safety, and
  liquidity, with total invested assets of $42.0 billion as of September 30, 2009.
          o With 127 years in the business, Chubb is here for the long term, which is why we vigorously
  guard our financial strength and take what we believe is a prudent approach to assuming risk -on
  both the asset and liability sides of our balance sheet.
          o Chubb is one of the most highly rated property and casualty companies in the industry, which is a
  reflection of our overall quality, strong financial condition, and strong capital position.

o Chubb's financial strength rating is "A++" from A.M. Best Company, "AA" from

Fitch, "Aa2" from Moody's, and "AA" from Standard & Poor's - the leading

                      independent evaluators of the insurance industry. o Chubb's senior unsecured corporate
                      debt rating from Standard & Poor's was

upgraded from "A" to "A+" on December 15, 2008. Standard & Poor's also

                     reaffirmed all of Chubb's ratings with a "stable" outlook o A.M. Best, Fitch, and Moody's
 

         recently affirmed all of Chubb's ratings with a

                     "stable" outlook. (For reference, A.M. Best reaffirmed us on 12/23/08, Moody's on
                     2/4/09, and Fitch on 2/13/09.) o For more than 50 years, Chubb has remained part of an
                     elite group of insurers
                     that have maintained A.M. Best's highest ratings.
          o Chubb was named to Standard & Poor's list of S&P 500 Dividend Aristocrats, one of 52
  companies in the S&P 500 index that have increased dividends every year for at least 25
  consecutive years.
          o Chubb's investment portfolio has held up extremely well. Chubb takes what we believe is a
  conservative approach to selecting and managing our assets. Furthermore, Chubb does not have
  any direct exposure to the subprime mortgage-backed securities market, and we stopped doing
  new credit derivative business in 2003 and put existing business in runoff.
 
Rarely has Chubb's business philosophy - to underwrite conservatively and invest judiciously -been more
important than it is today. By adhering to this philosophy, we now have the capacity and flexibility to
respond to opportunities, especially when you engage us in fully understanding your business risks.
 
We want you to know that Chubb is well-positioned to continue serving your needs with our underwriting
expertise; broad underwriting appetite across all property, casualty, and specialty lines; and claim
services. If you have any questions, feel free to call your agent or broker or your local Chubb underwriter.
As always, we appreciate the trust you place is us as your insurance partner.

99-10-0100 (12/2009)


Important Notice:

The SEC Requires Proof of Your Fidelity Insurance Policy

Your company is now required to file an electronic copy of your fidelity insurance coverage (Chubb's ICAP Bond policy) to the Securities and Exchange Commission (SEC), according to rules adopted by the SEC on June 12, 2006.

Chubb is in the process of providing your agent/broker with an electronic copy of your insurance policy as well as instructions on how to submit this proof of fidelity insurance coverage to the SEC. You can expect to receive this information from your agent/broker shortly.

The electronic copy of your policy is provided by Chubb solely as a convenience and does not affect the terms and conditions of coverage as set forth in the paper policy you receive by mail. The terms and conditions of the policy mailed to you, which are the same as those set forth in the electronic copy, constitute the entire agreement between your company and Chubb.

If you have any questions, please contact your agent or broker.

Form 14-02-12160 (ed. 7/2006)


IMPORTANT NOTICE TO POLICYHOLDERS

     All of the members of the Chubb Group of Insurance companies doing business in the United States (hereinafter "Chubb") distribute their products through licensed insurance brokers and agents ("producers"). Detailed information regarding the types of compensation paid by Chubb to producers on US insurance transactions is available under the Producer Compensation link located at the bottom of the page at www.chubb.com, or by calling 1-866-588-9478. Additional information may be available from your producer.

  Thank you for choosing Chubb.

10-02-1295 (ed. 6/2007)


     POLICYHOLDER DISCLOSURE NOTICE OF

TERRORISM INSURANCE COVERAGE

(for policies with no terrorism exclusion or sublimit)

You are hereby notified that, under the Terrorism Risk Insurance Act (the "Act"), effective December 26, 2007, this policy makes available to you insurance for losses arising out of certain acts of terrorism. Terrorism is defined as any act certified by the Secretary of the Treasury, in concurrence with the Secretary of State and the Attorney General of the United States, to be an act of terrorism; to be a violent act or an act that is dangerous to human life, property or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of an air carrier or vessel or the premises of a United States Mission; and to have been committed by an individual or individuals as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion.

You should know that the insurance provided by your policy for losses caused by acts of terrorism is partially reimbursed by the United States under the formula set forth in the Act. Under this formula, the United States pays 85% of covered terrorism losses that exceed the statutorily established deductible to be paid by the insurance company providing the coverage.

However, if aggregate insured losses attributable to terrorist acts certified under the Act exceed $100 billion in a Program Year (January 1 through December 31), the Treasury shall not make any payment for any portion of the amount of such losses that exceeds $100 billion.

10-02-1281 (Ed. 1/2003)


If aggregate insured losses attributable to terrorist acts certified under the Act exceed $100 billion in a Program Year (January 1 through December 31) and we have met our insurer deductible under the Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury.

The portion of your policy's annual premium that is attributable to insurance for such acts of terrorism is: $

-0-.

If you have any questions about this notice, please contact your agent or broker.

10-02-1281 (Ed. 1/2003)


 

 

 

 

 

ICI MUTUAL INSURANCE COMPANY,
a Risk Retention Group

1401 H St. NW
Washington DC 20005

INVESTMENT COMPANY BLANKET BOND
(EXCESS)


ICI MUTUAL INSURANCE COMPANY,
a Risk Retention Group
1401 H St. NW
Washington, DC 20005

DECLARATIONS

NOTICE

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

Item 1.  Name of Insured (the “Insured”)   Bond Number
     John Hancock Funds   87142109B
 
   Principal Office: 601 Congress Street    
    Boston, MA 02210    
 
   Mailing Address: 601 Congress Street    
    Boston, MA 02210    
 
Item 2. Bond Period: from 12:01 a.m. on            July 15, 2009           to 12:01 a.m. on            July 15, 2010          ,
  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—      
        DEDUCTIBLE
      LIMIT OF LIABILITY AMOUNT 1
EMPLOYEE   $15,000,000 $15,000,000
PREMISES   $15,000,000 $15,000,000
TRANSIT   $15,000,000 $15,000,000
FORGERY OR ALTERATION   $15,000,000 $15,000,000
EXTENDED FORGERY   $15,000,000 $15,000,000
COUNTERFEIT CURRENCY   $15,000,000 $15,000,000
COMPUTER SYSTEM   $15,000,000 $15,000,000
VOICE-INITIATED TRANSFER INSTRUCTIONS $15,000,000 $15,000,000
AUTOMATIC TELEPHONE TRANSACTIONS $15,000,000 $15,000,000
TELEFACSIMILE INSTRUCTIONS $15,000,000 $15,000,000
THREATS TO PERSONS   $15,000,000 $15,000,000
UNCOLLECTIBLE ITEMS OF DEPOSIT $15,000,000 $15,000,000
 
1 Plus the applicable deductible of the Primary Bond    
Item 4. PRIMARY BOND—      
  Chubb Group of Insurance Companies Financial Institution Investment Company Asset Protection Bond
  No. 81906724      
 
Item 5. The liability of ICI Mutual Insurance Company, a Risk Retention Group (the “Underwriter”) is subject to
  the terms of the following Riders attached hereto:    
 
  Riders 1      
 
  and of all Riders applicable to this Bond issued during the Bond Period.  
 
      By:      /S/ Maggie Sullivan           
      Authorized Representative


NOTICE

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

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

  a. Any coverage exceptions specified by riders attached to this bond;

b. The deductible amounts and limits of liability as stated in ITEM 3. of the Declarations and;

c. The General Agreements, Provisions, Conditions and Limitations set forth herein.

GENERAL AGREEMENTS

A. CHANGE OR MODIFICATION OF PRIMARY BOND

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

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

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

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

The Insured shall not bring legal proceedings against the Underwriter to recover any loss hereunder prior to sixty (60) days after filing such proof of loss or subsequent to twenty-four (24) months after the discovery of such loss or, in the case of a legal proceeding to recover hereunder on account of any judgment against the Insured in or settlement of any suit or to recover court costs or attorneys' fees paid in any such suit, twenty-four (24) months after the date of the final judgment in or settlement of


such suit. If any limitation in this bond is prohibited by any applicable law, such limitation shall be deemed to be amended to be equal to the minimum period of limitation permitted by such law.

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

PROVISIONS, CONDITIONS AND LIMITATIONS

SECTION 1. DEFINITIONS

a. Deductible Amount means the amount stated in ITEM 3. of the Declarations, applicable to each Single Loss. In no event shall this Deductible Amount be reduced for any reason, including but not limited to, the non-existence, invalidity, insufficiency or uncollectibility of any Underlying Bond(s), including the insolvency or dissolution of any Insurer providing coverage under any Underlying Bond(s).

b. Primary Bond means the bond scheduled in ITEM 5. of the Declarations or any bond that may replace or substitute for such bond.

c. Single Loss means:

  (1) all loss resulting from any one actual or attempted theft committed by one person, or

(2) all loss caused by any one act (other than a theft or a dishonest or fraudulent act) committed by
one person, or

(3) all loss caused by dishonest or fraudulent acts committed by one person, or

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

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

d. Underlying Bond means the Primary Bond and all other insurance coverage referred to in ITEM 4. Of the Declarations.

SECTION 2. SINGLE LOSS LIMIT OF LIABILITY

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

SECTION 3. DISCOVERY

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

  (1) becomes aware of facts, or

(2) receives notice of an actual or potential claim by a third party which alleges that the Insured is
liable under circumstances, which would cause a reasonable person to assume that loss covered
by this bond has been or is likely to be incurred even though the exact amount or details of loss
may not be known.

SECTION 4. ASSIGNMENT OF RIGHTS

Upon payment to the Insured hereunder for any loss, the Underwriter shall be subrogated to the extent of such payment to all of the Insured's rights and claims in connection with such loss; provided,


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

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

SECTION 5. COOPERATION OF INSURED

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

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

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

SECTION 6. TERMINATION

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

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

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

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

Upon the detection by any Insured that an employee (as defined in the Primary Bond) has committed any dishonest or fraudulent act(s) or theft, the Insured shall immediately remove such employee from a position that may enable such employee to cause the Insured to suffer a loss by any


subsequent dishonest or fraudulent act(s) or theft. The Insured, within two (2) business days of such detection, shall notify the Underwriter with full and complete particulars of the detected dishonest or fraudulent act(s) or theft.

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

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

SECTION 7. CONFORMITY

If any limitation within this bond is prohibited by any law controlling this bond’s construction, such limitation shall be deemed to be amended so as to equal the minimum period of limitation provided by such law.

SECTION 8. CHANGE OR MODIFICATION

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

SECTION 9. DEDUCTIBLE AMOUNT; LIMIT OF LIABILITY

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

The maximum liability of the Underwriter for any Single Loss covered by any Insuring Agreement under this bond shall be the Limit of Liability applicable to such Insuring Agreement, subject to the applicable Deductible Amount and the other agreements, provisions, conditions and limitations of this bond.

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ICI MUTUAL INSURANCE COMPANY,
a Risk Retention Group

INVESTMENT COMPANY BLANKET BOND
(EXCESS BOND)

RIDER NO. 1

INSURED   BOND NUMBER
John Hancock Funds    87142109B
EFFECTIVE DATE                            BOND PERIOD AUTHORIZED REPRESENTATIVE
July 15, 2009 July 15, 2009 to July 15, 2010 /S/ Maggie Sullivan

Most property and casualty insurers, including ICI Mutual Insurance Company, a Risk Retention Group (“ICI Mutual”), are subject to the requirements of the Terrorism Risk Insurance Act of 2002, as amended (the “Act”). The Act establishes a Federal insurance backstop under which ICI Mutual and these other insurers will be partially reimbursed 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” will be partially reimbursed by the United States government under a formula established by the Act. Under this formula, the United States government will reimburse ICI Mutual for 90% of ICI Mutual’s “insured losses” in excess of a statutorily established deductible until total insured losses of all participating insurers reach $100 billion. If total “insured losses” of all property and casualty insurers reach $100 billion during any applicable period, the Act 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.

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%).

RX53.0-01 (7/06)


John Hancock Bank & Thrift Opportunity Fund John Hancock Patriot Premium Dividend Fund II
John Hancock Bond Trust John Hancock Preferred Income Fund
John Hancock California Tax-Free Income Fund John Hancock Preferred Income Fund II
John Hancock Capital Series John Hancock Preferred Income Fund III
John Hancock Current Interest John Hancock Series Trust
John Hancock Equity Trust John Hancock Sovereign Bond Fund
John Hancock Funds III John Hancock Strategic Series
John Hancock Income Securities Trust John Hancock Tax-Exempt Series Fund
John Hancock Investment Trust John Hancock World Fund
John Hancock Investment Trust II John Hancock Tax-Advantaged Dividend Income
John Hancock Investment Trust III      Fund
John Hancock Investors Trust John Hancock Tax-Advantaged Global
John Hancock Municipal Securities Trust      Shareholder Yield Fund

(Collectively referred to as the “Trusts”)

Ratification of Fidelity Bond

On motion duly made and seconded, the following resolutions ratifying actions taken by the Trusts’ officers were approved first by the Trustees of each Trust who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended (the “1940 Act”)) of the Trust (the “Independent Trustees”), and then by all the Trustees:

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

WHEREAS, the Trustees desire to ratify actions taken by the Trusts’ officers on behalf of the Trusts with respect to the continuation of the Bond for a one-year term ending July 15, 2010; and

WHEREAS, the Trustees of the Trusts have considered the allocation of premiums for the Bond among the Trusts and other registered investment companies managed by John Hancock Investment Management Services, LLC, consisting of John Hancock Funds II and John Hancock Trust (collectively with the Trusts, the “John Hancock Trusts”), and have determined that the allocation should be based on the premium of $98,356; it is

RESOLVED, that the continuation of the current Bond issued by Chubb Group of Insurance Companies and ICI Mutual Insurance Company, covering each officer and employee of John Hancock Trusts against larceny and embezzlement, in the amount of $30 million for a one-year term ending July 15, 2010, and in the proposed form presented at this meeting, after consideration of all factors deemed relevant by the Board, including, but not limited to: (i) the expected value of the aggregate assets of the John Hancock Trusts to which any officer or employee of such Trusts may have access; (ii) the type and terms of the arrangements made for the custody and safekeeping of such assets; and (iii) the nature of the securities in the John Hancock Trusts’ portfolios, be, and it hereby is, ratified and approved;

FURTHER RESOLVED, that the portion of the premium for the Bond to be paid by each Trust, in substantially the form presented at this Meeting, after consideration of all factors deemed relevant by the Board, including, but not limited to: (i) the number of the


other parties named as insureds; (ii) the nature of the business activities of such other parties; (iii) the amount of the Bond; (iv) the amount of the premium for such Bond; (v) the ratable allocation of the premium among all parties named as insureds; and (vi) the extent to which the share of the premium allocated to the Trust is less than the premium such Trust would have had to pay if it had provided and maintained a single insured bond, be, and it hereby is, ratified and approved; and

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

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

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

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


     It is hereby agreed among the undersigned parties, named insured under Fidelity Bond Insurance provided by Chubb Group of Insurance Companies renewed on July 15, 2009, and ICI Mutual Insurance Company renewed on July 15, 2009 that in the event recovery is received as a result of a loss sustained by any one of the undersigned registered management investment companies and one or more of the other named insured under the said bonds, the said registered management investment company shall receive an equitable and proportionate share of the recovery, but at least equal to the amount which it would have received had it provided and maintained a single insured bond with the minimum coverage required under the provisions of paragraph (f)(1) of Rule 17g-1 under Section 17(g) of the Investment Company Act of 1940.

     IN WITNESS WHEREOF, the parties hereto have caused this agreement to be executed by their duly authorized officer on July 15, 2009.

John Hancock Bank and Thrift Opportunity John Hancock Bond Trust
Fund      
By: /s/ David D. Barr By:  /s/ David D. Barr
  Assistant Secretary   Assistant Secretary
John Hancock California Tax-Free Income John Hancock Capital Series
Fund      
By: /s/ David D. Barr By:  /s/ David D. Barr
  Assistant Secretary   Assistant Secretary
John Hancock Current Interest John Hancock Equity Trust
By: /s/ David D. Barr By:  /s/ David D. Barr
  Assistant Secretary   Assistant Secretary
John Hancock Funds II John Hancock Funds III
By: /s/ David D. Barr By: /s/ David D. Barr
  Assistant Secretary   Assistant Secretary

1


John Hancock Income Securities Trust John Hancock Investment Trust
By: /s/ David D. Barr By: /s/ David D. Barr
  Assistant Secretary   Assistant Secretary
John Hancock Investment Trust II John Hancock Investment Trust III
By: /s/ David D. Barr By: /s/ David D. Barr
  Assistant Secretary   Assistant Secretary
John Hancock Investors Trust John Hancock Municipal Securities Trust
By: /s/ David D. Barr By: /s/ David D. Barr
  Assistant Secretary   Assistant Secretary
John Hancock Patriot Premium Dividend Fund John Hancock Preferred Income Fund
II      
By: /s/ David D. Barr By: /s/ David D. Barr
  Assistant Secretary   Assistant Secretary
John Hancock Preferred Income Fund II John Hancock Preferred Income Fund III
By: /s/ David D. Barr By: /s/ David D. Barr
  Assistant Secretary   Assistant Secretary
John Hancock Series Trust John Hancock Sovereign Bond Fund
By: /s/ David D. Barr By: /s/ David D. Barr
  Assistant Secretary   Assistant Secretary

2


John Hancock Strategic Series John Hancock Tax-Advantaged Dividend
    Income Fund
 
By: /s/ David D. Barr By: /s/ David D. Barr
  Assistant Secretary   Assistant Secretary
 
Tax-Advantaged Global Shareholder Yield John Hancock Tax-Exempt Series Fund
Fund      
 
By: /s/ David D. Barr By: /s/ David D. Barr
  Assistant Secretary   Assistant Secretary
 
John Hancock Trust John Hancock World Fund
 
By: /s/ David D. Barr By: /s/ David D. Barr
  Assistant Secretary   Assistant Secretary

 

 

 


 

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