# EDGAR Filing Document

**Accession Number:** 0001343668
**File Stem:** 0001133228-25-012062
**Filing Date:** 2025-11
**Character Count:** 148145
**Document Hash:** dd24c72c1a60f6ea36a8a7cb523b7e55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-25-012062.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001133228-25-012062

**CONFORMED SUBMISSION TYPE**: 40-17G

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Europe Opportunity Fund Inc.
- **CENTRAL INDEX KEY:** 0000860720

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06044
- **FILM NUMBER:** 251473875

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-869-6397

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY EUROPEAN EQUITY FUND INC.
- **DATE OF NAME CHANGE:** 20051102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY EUROPEAN GROWTH FUND INC
- **DATE OF NAME CHANGE:** 20010618

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY DEAN WITTER EUROPEAN GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19980622
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** E Trade Trust
- **CENTRAL INDEX KEY:** 0002048903

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24035
- **FILM NUMBER:** 251473876

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-761-4000

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY INSTITUTIONAL FUND TRUST
- **CENTRAL INDEX KEY:** 0000741375

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03980
- **FILM NUMBER:** 251473883

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-548-7786

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAS FUNDS /MA/
- **DATE OF NAME CHANGE:** 19960724

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAS FUNDS INC
- **DATE OF NAME CHANGE:** 19931227

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAS FUNDS
- **DATE OF NAME CHANGE:** 19930927
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY INSTITUTIONAL FUND INC
- **CENTRAL INDEX KEY:** 0000836487

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05624
- **FILM NUMBER:** 251473894

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-548-7786

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND INC
- **DATE OF NAME CHANGE:** 19990329

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY INSTITUTIONAL FUND INC
- **DATE OF NAME CHANGE:** 19920703
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY INCOME OPPORTUNITIES FUND
- **CENTRAL INDEX KEY:** 0000882381

**ORGANIZATION NAME:**
- **EIN:** 133647664
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06515
- **FILM NUMBER:** 251473889

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-548-7786

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY GLOBAL FIXED INCOME OPPORTUNITIES FUND
- **DATE OF NAME CHANGE:** 20120307

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY FIXED INCOME OPPORTUNITIES FUND
- **DATE OF NAME CHANGE:** 20111220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY FLEXIBLE INCOME TRUST
- **DATE OF NAME CHANGE:** 20030711
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY EMERGING MARKETS DEBT FUND INC
- **CENTRAL INDEX KEY:** 0000904112

**ORGANIZATION NAME:**
- **EIN:** 133713706
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07694
- **FILM NUMBER:** 251473887

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-231-2608

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY DEAN WITTER EMERGING MARKETS DEBT FUND INC
- **DATE OF NAME CHANGE:** 20000504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY EMERGING MARKETS DEBT FUND INC
- **DATE OF NAME CHANGE:** 19930714
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY INDIA INVESTMENT FUND, INC.
- **CENTRAL INDEX KEY:** 0000916618

**ORGANIZATION NAME:**
- **EIN:** 133753686
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08238
- **FILM NUMBER:** 251473891

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800 869-6397

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY DEAN WITTER INDIA INVESTMENT
- **DATE OF NAME CHANGE:** 20000504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY INDIA INVESTMENT FUND INC
- **DATE OF NAME CHANGE:** 19940127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INDIA INVESTMENT FUND INC
- **DATE OF NAME CHANGE:** 19931228
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Insight Fund
- **CENTRAL INDEX KEY:** 0001002427

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07377
- **FILM NUMBER:** 251473895

**BUSINESS ADDRESS:**
- **STREET 1:** C/O MORGAN STANLEY
- **STREET 2:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-548-7786

**MAIL ADDRESS:**
- **STREET 1:** C/O MORGAN STANLEY
- **STREET 2:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY MULTI CAP GROWTH TRUST
- **DATE OF NAME CHANGE:** 20110331

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY CAPITAL OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 20020129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY MID CAP EQUITY TRUST
- **DATE OF NAME CHANGE:** 20010618
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY VARIABLE INSURANCE FUND INC.
- **CENTRAL INDEX KEY:** 0001011378

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07607
- **FILM NUMBER:** 251473893

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-548-7786

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNIVERSAL INSTITUTIONAL FUNDS INC
- **DATE OF NAME CHANGE:** 20020322

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY UNIVERSAL FUNDS INC
- **DATE OF NAME CHANGE:** 19960328
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS
- **CENTRAL INDEX KEY:** 0001227155

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21339
- **FILM NUMBER:** 251473884

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-548-7786

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alternative Investment Partners Absolute Return Fund
- **CENTRAL INDEX KEY:** 0001327228

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21767
- **FILM NUMBER:** 251473880

**BUSINESS ADDRESS:**
- **STREET 1:** ONE TOWER BRIDGE, 100 FRONT STREET
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428-2881
- **BUSINESS PHONE:** 610-260-7600

**MAIL ADDRESS:**
- **STREET 1:** ONE TOWER BRIDGE, 100 FRONT STREET
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428-2881
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alternative Investment Partners Absolute Return Fund STS
- **CENTRAL INDEX KEY:** 0001343668

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21831
- **FILM NUMBER:** 251473879

**BUSINESS ADDRESS:**
- **STREET 1:** ONE TOWER BRIDGE, 100 FRONT STREET
- **STREET 2:** SUITE 1100
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428-2881
- **BUSINESS PHONE:** 610-260-7600

**MAIL ADDRESS:**
- **STREET 1:** ONE TOWER BRIDGE, 100 FRONT STREET
- **STREET 2:** SUITE 1100
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428-2881
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley China A Share Fund, Inc.
- **CENTRAL INDEX KEY:** 0001368493

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21926
- **FILM NUMBER:** 251473892

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-231-2608

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
- **CENTRAL INDEX KEY:** 0001388141

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22011
- **FILM NUMBER:** 251473886

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-869-6397

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIP Multi-Strategy Fund P
- **CENTRAL INDEX KEY:** 0001428688

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22193
- **FILM NUMBER:** 251473877

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 610-260-7600

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alternative Investment Partners Absolute Return Fund II P
- **DATE OF NAME CHANGE:** 20080303
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIP Multi-Strategy Fund A
- **CENTRAL INDEX KEY:** 0001428690

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22192
- **FILM NUMBER:** 251473878

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 610-260-7600

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alternative Investment Partners Absolute Return Fund II A
- **DATE OF NAME CHANGE:** 20080303
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley ETF Trust
- **CENTRAL INDEX KEY:** 0001676326

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23820
- **FILM NUMBER:** 251473890

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212.296.1404

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIP Alternative Lending Fund P
- **CENTRAL INDEX KEY:** 0001709406

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23266
- **FILM NUMBER:** 251473881

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 610.260.7600

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIP Alternative Lending Fund A
- **CENTRAL INDEX KEY:** 0001709447

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23265
- **FILM NUMBER:** 251473882

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 610.260.7600

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY U.S. GOVERNMENT MONEY MARKET TRUST
- **CENTRAL INDEX KEY:** 0000356409

**ORGANIZATION NAME:**
- **EIN:** 133112032
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03326
- **FILM NUMBER:** 251473885

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-869-6397

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY US GOVERNMENT MONEY MARKET TRUST
- **DATE OF NAME CHANGE:** 20010618

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY DEAN WITTER US GOVERNMENT MONEY MARKET TRUST
- **DATE OF NAME CHANGE:** 19980622

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEAN WITTER U S GOVERNMENT MONEY MARKET TRUST
- **DATE OF NAME CHANGE:** 19930616
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Long Duration Government Opportunities Fund
- **CENTRAL INDEX KEY:** 0000730044

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-17G
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03870
- **FILM NUMBER:** 251473888

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-869-6397

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY U.S. GOVERNMENT SECURITIES TRUST
- **DATE OF NAME CHANGE:** 20210429

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY US GOVERNMENT SECURITIES TRUST
- **DATE OF NAME CHANGE:** 20010618

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY DEAN WITTER US GOVERNMENT SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19980622

**Morgan Stanley Funds**

**1633 Broadway**

**30<sup>th</sup> Floor**

**New York, New York 10019**

November 10, 2025

File Room

Securities and Exchange Commission

450 Fifth Street, NW

Washington, D.C. 20549

RE: Morgan Stanley Funds

Dear Ladies and Gentleman,

Pursuant to Rule 17g-1 under the Investment Company Act of 1940, as amended, enclosed please find the following documents for each Fund (listed in Exhibit A), which are attached hereto:

1. A copy
 of the Fund's joint fidelity blanket bond (the "Bond") providing for coverage of $30 million issued by ICI Mutual
 acting as lead underwriter and with such other insurance companies participating in the program as may be determined by Management
 during the policy term for the period October 5, 2025 to October 5, 2026;

2. A copy of the resolutions of the Board of Directors/Trustees
 of the Funds, including a majority of the Directors/Trustees who are not interested persons, approving the amount, type, form, coverage
 of the Bond and the portion of the premium to be paid by each Fund, and allocation of premiums and recoveries under the Bond;

3. A copy of the joint fidelity bond agreement concerning
 the allocation of premiums and recoveries under the Bond; and

4. A chart that shows for each Fund (i) each Fund's
 Gross Assets; and (ii) the amount of the single insured bond that would have been provided and maintained had the Fund not been named
 as an insured under a joint insured bond.

Please note that the premium has been paid in its entirety.

---

| |
|:---|
| Very truly yours, |
| <br> /s/ Deidre Walsh |
| Deidre Walsh<br> Secretary of the Funds |

---

Enclosures

**EXHIBIT A**

**MORGAN STANLEY FUNDS**

**at**

**SEPTEMBER 17-18, 2025**

**EQUITY FUNDS** 

**<u>Open-End Equity Funds</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Morgan
 Stanley Europe Opportunity Fund Inc. ()"*Europe Opportunity* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Morgan
 Stanley Insight Fund ()"*Insight Fund* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Morgan
 Stanley Institutional Fund, Inc. ()"*Institutional Fund Inc.* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Advantage Portfolio

• American Resilience Portfolio

• Asia Opportunity Portfolio

• Developing Opportunity Portfolio

• Emerging Markets ex China Portfolio

• Emerging Markets Leaders Portfolio

• Emerging Markets Portfolio

• Global Insight Portfolio

• Global Concentrated Portfolio

• Global Core Portfolio

• Global Endurance Portfolio

• Global Franchise Portfolio

• Global Opportunity Portfolio

• Global Permanence Portfolio

• Global Stars Portfolio

• Growth Portfolio

• Inception Portfolio

• International Advantage Portfolio

• International Equity Portfolio

• International Opportunity Portfolio

• International Resilience Portfolio

• Passport Overseas Equity Portfolio

• Permanence Portfolio

• US Core Portfolio

• Vitality Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Morgan
 Stanley Institutional Fund Trust ()"*Institutional Fund Trust* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Discovery
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Global
 Strategist Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Morgan
 Stanley Variable Insurance Fund, Inc. ()"*Variable Insurance Fund* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Discovery
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Emerging
 Markets Equity Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Global
 Strategist Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Growth
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. E\*TRADE Trust ()"*E\*TRADE Trust* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• E\*TRADE No Fee Large Cap Index Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• E\*TRADE No Fee International Index Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• E\*TRADE No Fee Total Market Index Fund

**<u>Closed-End Equity Funds</u>**

1. Morgan Stanley China A Share Fund, Inc. ("*China A Fund*")

2. Morgan Stanley India Investment Fund, Inc. ("*India Investment Fund*")

**<u>Equity ETFs</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Morgan
 Stanley ETF Trust ()"*ETF Trust* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert
 International Responsible Index ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert
 US Large-Cap Core Responsible Index ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert
 US Large-Cap Diversity, Equity and Inclusion Index ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert
 US Mid-Cap Core Responsible Index ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert
 US Select Equity ETF

• Parametric Equity Plus ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Parametric Equity Premium Income ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Parametric Hedged Equity ETF

**FIXED INCOME FUNDS**

**<u>Open-End Fixed Income Funds</u>**

1. Morgan Stanley Income Opportunities Fund ()"*Income Opportunities* ")

2. Morgan Stanley Long Duration Government Opportunities Fund (*"Long Duration Government Opportunities"*)

3. Morgan Stanley Institutional Fund Trust ()"*Institutional Fund Trust* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Corporate Bond Portfolio

• High Yield Portfolio

4. Morgan Stanley Variable Insurance Fund, Inc. ()"*Variable Insurance Fund* ")

• Emerging Markets Debt Portfolio

5. E\*TRADE Trust ()"*E\*TRADE Trust* ")

• E\*TRADE No Fee Municipal Bond Index Fund

• E\*TRADE No Fee U.S. Bond Index Fund

**<u>Closed-End Fixed Income Funds</u>**

1. Morgan
 Stanley Emerging Markets Debt Fund, Inc. ()"*Emerging Markets Debt* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2*.* Morgan
 Stanley Emerging Markets Domestic Debt Fund, Inc *.* ()"*Emerging Markets Domestic Debt* ")

**<u>Fixed Income ETFs</u>**

1. Morgan Stanley ETF Trust ()"*ETF Trust* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert Ultra-Short Investment Grade ETF

• Eaton Vance CLO Investment Grade ETF

• Eaton Vance Floating-Rate ETF

• Eaton Vance High Yield ETF

• Eaton Vance High Income Municipal ETF

• Eaton Vance Intermediate Municipal Income ETF

• Eaton Vance Mortgage Opportunities ETF

• Eaton Vance Short Duration Income ETF

• Eaton Vance Short Duration Municipal Income ETF

• Eaton Vance Income Opportunities ETF

• Eaton Vance Total Return Bond ETF

• Eaton Vance Ultra-Short Income ETF

**LIQUIDITY FUNDS**

**<u>Money Market Funds</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Morgan
 Stanley U.S. Government Money Market Trust ()"*Government Money* ")

2. Morgan
 Stanley Institutional Liquidity Funds ()"*Institutional Liquidity Funds* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Government
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Government
 Securities Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Money
 Market Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Prime
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax-Exempt
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Treasury
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Treasury
 Securities Portfolio

**<u>Open-End Liquidity Funds</u>**

1. Morgan Stanley Institutional Fund Trust ("*Institutional Fund Trust*")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ultra-Short
 Income Portfolio

**ALTERNATIVE FUNDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. AIP
 Alternative Lending Fund A ()"*Alternative Lending Fund A* ")

2. AIP Alternative Lending Fund P ()"*Alternative Lending Fund P* ")

**<u>Funds of Hedge Funds</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Alternative
 Investment Partners Absolute Return Fund ()"*Absolute Return Fund* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Alternative
 Investment Partners Absolute Return Fund STS ()"*Absolute Return STS* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. AIP
 Multi-Strategy Fund A ()"*Multi-Strategy A* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. AIP
 Multi-Strategy Fund P ()"*Multi-Strategy P* ")

**ICI MUTUAL INSURANCE COMPANY,<br> a Risk Retention Group**

1401 H St. NW

Washington, DC 20005

**INVESTMENT COMPANY BLANKET BOND**

Blanket Bond (05/23)

**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")<br> **Morgan Stanley Institutional Fund, Inc.** | Bond Number<br> **88190125B** |

---

Principal Office: Mailing Address: <br> 1585 Broadway 1585 Broadway <br> New York, NY 10036 New York, NY 10036

**Item 2.** Bond Period: from 12:01 a.m. on <u>October 5, 2025</u>, to 12:01 a.m. on <u>October 5, 2026</u>, or the earlier effective date of the termination of this Bond, standard time at the Principal Address as to each of said dates.

---

| | |
|:---|:---|
| **Item 3.** | Limit of Liability— |
|  | Subject to Sections 9, 10 and 12 hereof: |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp; **LIMIT OF**<br> **LIABILITY** | &nbsp;&nbsp; **DEDUCTIBLE**<br> **AMOUNT** |
| Insuring Agreement A- | &nbsp;&nbsp;FIDELITY | &nbsp;&nbsp;$30000000 | &nbsp;&nbsp;Not Applicable |
| Insuring Agreement B- | &nbsp;&nbsp;AUDIT EXPENSE | &nbsp;&nbsp;$50000 | &nbsp;&nbsp;$10000 |
| Insuring Agreement C- | &nbsp;&nbsp;ON PREMISES | &nbsp;&nbsp;$30000000 | &nbsp;&nbsp;$150000 |
| Insuring Agreement D- | &nbsp;&nbsp;IN TRANSIT | &nbsp;&nbsp;$30000000 | &nbsp;&nbsp;$150000 |
| Insuring Agreement E- | &nbsp;&nbsp;FORGERY OR ALTERATION | &nbsp;&nbsp;$30000000 | &nbsp;&nbsp;$150000 |
| Insuring Agreement F- | &nbsp;&nbsp;SECURITIES | &nbsp;&nbsp;$30000000 | &nbsp;&nbsp;$150000 |
| Insuring Agreement G- | &nbsp;&nbsp;COUNTERFEIT CURRENCY | &nbsp;&nbsp;$30000000 | &nbsp;&nbsp;$150000 |
| Insuring Agreement H- | &nbsp;&nbsp;UNCOLLECTIBLE ITEMS OF DEPOSIT | &nbsp;&nbsp;$1000000 | &nbsp;&nbsp;$150000 |
| Insuring Agreement I- | &nbsp;&nbsp;PHONE/ELECTRONIC TRANSACTIONS | &nbsp;&nbsp;$30000000 | &nbsp;&nbsp;$150000 |
| If "Not Covered" is inserted opposite any Insuring Agreement above, such Insuring Agreement and any reference thereto shall be deemed to be deleted from this Bond. | If "Not Covered" is inserted opposite any Insuring Agreement above, such Insuring Agreement and any reference thereto shall be deemed to be deleted from this Bond. | If "Not Covered" is inserted opposite any Insuring Agreement above, such Insuring Agreement and any reference thereto shall be deemed to be deleted from this Bond. | If "Not Covered" is inserted opposite any Insuring Agreement above, such Insuring Agreement and any reference thereto shall be deemed to be deleted from this Bond. |
| OPTIONAL INSURING AGREEMENTS ADDED BY RIDER: | OPTIONAL INSURING AGREEMENTS ADDED BY RIDER: | OPTIONAL INSURING AGREEMENTS ADDED BY RIDER: | OPTIONAL INSURING AGREEMENTS ADDED BY RIDER: |
| Insuring Agreement J- | &nbsp;&nbsp;COMPUTER SECURITY | &nbsp;&nbsp;$30000000 | &nbsp;&nbsp;$150000 |
| Insuring Agreement M- | &nbsp;&nbsp;SOCIAL ENGINEERING FRAUD | $1000000 | $150000 |

---

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

---

| | |
|:---|:---|
| **Item 5.** | The liability of ICI Mutual Insurance Company (the "Underwriter") is subject to the terms of the following Riders attached hereto: |
|  | Riders: 1-2-3-4-5-6-7-8-9-10-11-12-13 |
| | and of all Riders applicable to this Bond issued during the Bond Period. |

---

---

| | | | |
|:---|:---|:---|:---|
| By: | /s/ Swenitha Nalli | By: | /s/ Catherine Dalton |
|  | Authorized Representative |  | Authorized Representative |

---

Blanket Bond (05/23)

**INVESTMENT COMPANY BLANKET BOND**

NOTICE

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

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

**INSURING AGREEMENTS**

A. FIDELITY

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

B. AUDIT EXPENSE

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

C. ON PREMISES

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

D. IN TRANSIT

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

2 Blanket Bond (05/23)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. FORGERY OR ALTERATION

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) withdrawal orders or receipts for the withdrawal of Property, or receipts
or certificates of deposit for Property and bearing the name of the Insured as issuer or of another Investment Company for which the Insured
acts as agent;

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

Actual physical possession by the Insured or its authorized representative of the items listed in (1) through (3) above is a condition precedent to the Insured having relied upon the items.

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

&nbsp;&nbsp;&nbsp;&nbsp;F. SECURITIES

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) be lost or stolen, or

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

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

3 Blanket Bond (05/23)

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

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

**G. COUNTERFEIT CURRENCY**

Loss resulting directly from the receipt by the Insured, in good faith of any Counterfeit Currency.

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

H. UNCOLLECTIBLE ITEMS OF DEPOSIT

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;I. PHONE/ELECTRONIC TRANSACTIONS

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

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

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

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

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

4 Blanket Bond (05/23)

EXCLUDING loss resulting from:

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

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

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

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

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

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

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

**GENERAL AGREEMENTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. ADDITIONAL OFFICES OR EMPLOYEES—CONSOLIDATION OR MERGER—NOTICE

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

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

B. WARRANTY

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

5 Blanket Bond (05/23)

C. COURT COSTS AND ATTORNEYS' FEES

The Underwriter will indemnify the Insured against court costs and reasonable attorneys' fees incurred and paid by the Insured in defense of any legal proceeding brought against the Insured seeking recovery for any loss which, if established against the Insured, would constitute a loss covered under the terms of this Bond; provided, however, that with respect to Insuring Agreement A this indemnity shall apply only in the event that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. an Employee admits to having committed or is adjudicated to have committed
a Dishonest or Fraudulent Act which caused the loss; or

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

The Insured shall promptly give notice to the Underwriter of any such legal proceeding and upon request shall furnish the Underwriter with copies of all pleadings and other papers therein. At the Underwriter's election the Insured shall permit the Underwriter to conduct the defense of such legal proceeding in the Insured's name, through attorneys of the Underwriter's selection. In such event, the Insured shall give all reasonable information and assistance which the Underwriter shall deem necessary to the proper defense of such legal proceeding.

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

D. INTERPRETATION

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

6 Blanket Bond (05/23)

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

**SECTION 1. DEFINITIONS**

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. "**Convertible Virtual Currency"** means Digital Assets that have an equivalent value in
real currency, or that act as a substitute for real currency, including, without limitation, stablecoins and other cryptocurrency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. **"Counterfeit"** means a Written imitation of an actual valid Original which is intended
to deceive and to be taken as the Original.

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

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

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

7 Blanket Bond (05/23)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L. **"Digital Assets"** mean any digital representations of value which are recorded on cryptographically
secured distributed ledgers or any similar technology, including, without limitation, Convertible Virtual Currency and Non-Fungible Tokens.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;O. **"Employee"** means:

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an investment adviser,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) an underwriter (distributor),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a transfer agent or shareholder accounting recordkeeper, or

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) each individual assigned to perform the usual duties of an employee or officer of any entity authorized
by written agreement with the Insured to perform services as electronic data processor of checks or other accounting records of the Insured,
but excluding a processor which acts as transfer agent or in any other agency capacity for the Insured in issuing checks, drafts or securities,
unless included under subsection (5) hereof, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) each officer, partner or employee of

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any Depository or Exchange,

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;P. **"Exchange"** means any national securities exchange registered under the Securities Exchange
Act of 1934.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;R. **"Items of Deposit"** means one or more checks or drafts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S. **"Investment Company"** or **"Fund"** means an investment company registered
under the Investment Company Act of 1940.

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

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U. **"Mysterious Disappearance"** means any disappearance of Property which, after a reasonable
investigation has been conducted, cannot be explained.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;V. **"Non-Fund"** means any corporation, business trust, partnership, trust or other entity
which is not an Investment Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;W. **"Non-Fungible Tokens"** mean Digital Assets that are unique digital identifiers that
are recorded on cryptographically secured distributed ledgers or any similar technology, and that are used to certify authenticity and/or
ownership of unique assets that cannot be traded, divided, or exchanged at equivalency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X. **"Officially Designated"** means designated by the Shareholder of Record:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in the initial account application,

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Y. **"Original"** means the first rendering or archetype and does not include photocopies
or electronic transmissions even if received and printed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Z. **"Phone/Electronic Transaction"** means any (1) redemption of shares issued by an Investment
Company, (2) election concerning dividend options available to Fund shareholders, (3) exchange of shares in a registered account of one
Fund into shares in an identically registered account of another Fund in the same complex pursuant to exchange privileges of the two Funds,
or (4) purchase of shares issued by an Investment Company, which redemption, election, exchange or purchase is requested by voice over
the telephone or through an Electronic Transmission.

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

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

---

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

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

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

---

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

---

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| | |
|:---|:---|
| GG. | **"Single Loss"** means: |

---

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) all loss caused by any one occurrence or event other than those specified
in subsections (1) through (3) above.

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

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

---

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

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;II. **"Written"** means expressed through letters or marks placed upon paper and visible to
the eye.

**SECTION 2. EXCLUSIONS**

THIS BOND DOES NOT COVER:

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

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

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

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

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

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

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

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

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

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

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

unless such loss is otherwise covered under Insuring Agreement A.

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

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

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

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Loss resulting from vandalism or malicious mischief.

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

13 Blanket Bond (05/23)

**SECTION 3. ASSIGNMENT OF RIGHTS**

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

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

**SECTION 4. 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 to anyone other than the Insured. As soon as practicable and not more than sixty (60) days after discovery of any loss covered hereunder, the Insured shall give the Underwriter written notice thereof and, as soon as practicable and within one year after such discovery, shall also furnish to the Underwriter affirmative proof of loss with full particulars. The Underwriter may extend the sixty-day notice period or the one-year proof of loss period if the Insured requests an extension and shows good cause therefor.

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

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

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

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

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

14 Blanket Bond (05/23)

**SECTION 5. DISCOVERY**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) becomes aware of facts, or

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

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

**SECTION 6. VALUATION OF PROPERTY**

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

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

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

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

**SECTION 7. LOST SECURITIES**

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

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

**SECTION 8. SALVAGE**

If any recovery is made, whether by the Insured or the Underwriter, on account of any loss within the applicable Limit of Liability hereunder, the Underwriter shall be entitled to the full amount of such recovery to reimburse the Underwriter for all amounts paid hereunder with respect to such loss. If any recovery is made, whether by the Insured or the Underwriter, on account of any loss in excess of the applicable Limit of Liability hereunder plus the Deductible Amount applicable to such loss from any source other than suretyship, insurance, reinsurance, security or indemnity taken by or for the benefit of the Underwriter, the amount of such recovery, net of the actual costs and expenses of recovery, shall be applied to reimburse the Insured in full for the portion of such loss in excess of such Limit of Liability, and the remainder, if any, shall be paid first to reimburse the Underwriter for all amounts paid hereunder with respect to such loss and then to the Insured to the extent of the portion of such loss within the Deductible Amount. The Insured shall execute all documents which the Underwriter deems necessary or desirable to secure to the Underwriter the rights provided for herein.

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

Prior to its termination, this Bond shall continue in force up to the Limit of Liability for each Insuring Agreement for each Single Loss, notwithstanding any previous loss (other than such Single Loss) for which the Underwriter may have paid or be liable to pay hereunder; PROVIDED, however, that regardless of the number of years this Bond shall continue in force and the number of premiums which shall be payable or paid, the liability of the Underwriter under this Bond with respect to any Single Loss shall be limited to the applicable Limit of Liability irrespective of the total amount of such Single Loss and shall not be cumulative in amounts from year to year or from period to period.

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

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

**SECTION 11. OTHER INSURANCE**

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

16 Blanket Bond (05/23)

**SECTION 12. DEDUCTIBLE AMOUNT**

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

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

**SECTION 13. TERMINATION**

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

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

This Bond will terminate as to any Insured that is a Non-Fund immediately and without notice upon (1) the takeover of such Insured's business by any State or Federal official or agency, or by any receiver or liquidator, or (2) the filing of a petition under any State or Federal statute relative to bankruptcy or reorganization of the Insured, or assignment for the benefit of creditors of the Insured.

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

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

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

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

17 Blanket Bond (05/23)

**SECTION 14. RIGHTS AFTER TERMINATION**

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

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

The right to purchase such additional discovery period may not be exercised by any State or Federal official or agency, or by any receiver or liquidator, acting or appointed to take over the Insured's business.

**SECTION 15. CENTRAL HANDLING OF SECURITIES**

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

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

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

**SECTION 16. ADDITIONAL COMPANIES INCLUDED AS INSURED**

If more than one entity is named as the Insured:

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

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

18 Blanket Bond (05/23)

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. if the first named Insured ceases for any reason to be covered under this Bond, then the Insured next
named shall thereafter be considered as the first named Insured for the purposes of this Bond, and

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

**SECTION 17. NOTICE AND CHANGE OF CONTROL**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. the names of the transferors and transferees (or the names of the beneficial owners if the voting securities
are registered in another name), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. the total number of voting securities owned by the transferors and the transferees (or the beneficial
owners), both immediately before and after the transfer, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. the total number of outstanding voting securities.

As used in this Section, "control" means the power to exercise a controlling influence over the management or policies of the Insured.

**SECTION 18. CHANGE OR MODIFICATION**

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

**SECTION 19. COMPLIANCE WITH APPLICABLE TRADE AND ECONOMIC SANCTIONS**

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

19 Blanket Bond (05/23)

**SECTION 20. ANTI-BUNDLING**

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

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

20 Blanket Bond (05/23)

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 1**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/S/ Catherine Dalton** |

---

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

Morgan Stanley ETF Trust

Calvert US Large-Cap Core Responsible Index ETF

Calvert US Large-Cap DE&I Index ETF

Calvert US Mid-Cap Core Responsible Index ETF

Calvert US Select Equity ETF

Calvert International Responsible Index ETF

Calvert Ultra-Short Investment Grade ETF

Eaton Vance Floating-Rate ETF

Eaton Vance High Income Municipal ETF

Eaton Vance High Yield ETF

Eaton Vance Intermediate Municipal Income ETF

Eaton Vance Income Opportunities ETF

Eaton Vance Mortgage Opportunities ETF

Eaton Vance Short Duration Income ETF

Eaton Vance Short Duration Municipal Income ETF

Eaton Vance Total Return Bond ETF

Eaton Vance Ultra-Short Income ETF

Eaton Vance CLO Investment Grade ETF

Parametric Equity Plus ETF

Parametric Equity Premium Income ETF

Parametric Hedged Equity ETF

E\*Trade No Fee Municipal Bond Index Fund

E\*Trade No Fee U.S. Bond Index Fund

E\*Trade No Fee Large Cap Index Fund

E\*Trade No Fee International Index Fund

E\*Trade No Fee Total Market Index Fund

Morgan Stanley China A Share Fund, Inc.

Morgan Stanley Emerging Markets Debt Fund, Inc.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Morgan Stanley Europe Opportunity Fund Inc.

Morgan Stanley Income Opportunities Fund

---

| | |
|:---|:---|
| Morgan Stanley India Investment Fund, Inc. | Morgan Stanley India Investment Fund, Inc. |
| Morgan Stanley Insight Fund | Morgan Stanley Insight Fund |
| Morgan Stanley Long Duration Government Opportunities Fund | Morgan Stanley Long Duration Government Opportunities Fund |
| Morgan Stanley U.S. Government Money Market Trust | Morgan Stanley U.S. Government Money Market Trust |
| Morgan Stanley Institutional Fund, Inc., a series fund consisting of: | Morgan Stanley Institutional Fund, Inc., a series fund consisting of: |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Advantage Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | American Resilience Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Asia Opportunity Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Developing Opportunity Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Emerging Markets ex China Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Emerging Markets Leaders Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Emerging Markets Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Global Concentrated Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Global Core Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Global Endurance Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Global Franchise Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Global Insight Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Global Opportunity Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Global Permanence Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Global Stars Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Growth Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Inception Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | International Advantage Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | International Equity Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | International Opportunity Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | International Resilience Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Passport Overseas Equity Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Permanence Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | U.S. Core Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Vitality Portfolio |
| Morgan Stanley Institutional Fund Trust, a series fund consisting of: | Morgan Stanley Institutional Fund Trust, a series fund consisting of: |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Corporate Bond Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Discovery Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Global Strategist Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | High Yield Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Ultra-Short Income Portfolio |
| Morgan Stanley Institutional Liquidity Funds, a series fund consisting of: | Morgan Stanley Institutional Liquidity Funds, a series fund consisting of: |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Money Market Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Government Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Government Securities Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Prime Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Tax-Exempt Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Treasury Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Treasury Securities Portfolio |
| Morgan Stanley Variable Insurance Fund, Inc., a series fund consisting of: | Morgan Stanley Variable Insurance Fund, Inc., a series fund consisting of: |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Discovery Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Emerging Markets Debt Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;o | Emerging Markets Equity Portfolio |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Global Strategist Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Growth Portfolio

Alternative Investment Partners Absolute Return Fund

Alternative Investment Partners Absolute Return Fund STS

AIP Alternative Lending Fund A

AIP Alternative Lending Fund P

AIP Multi Strategy Fund A

AIP Multi Strategy Fund P

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

RN0001.0-00 (01/02)

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 2**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

In consideration of the premium charged for this Bond, it is hereby understood and agreed that this Bond shall not cover any loss resulting from or in connection with (1) the acts or omissions of any custodian, clearing agency or depository located outside of the United States of America, or of any employee or agent of any such custodian or depository; or (2) the nationalization or expropriation by any country and/or territory of any property (including "Property" as defined in Section 1.BB of the Bond) or property rights of any Insured or any other person or entity.

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

RN0013.0-01 (05/23)

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 3**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. COMPUTER SECURITY

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Definitions</u>. The following terms used in this Insuring Agreement shall have the following meanings:

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) is committed by any Unauthorized Third Party anywhere, alone or in collusion with other Unauthorized Third
Parties; <u>and</u> 

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Exclusions</u>. It is further understood and agreed that this Insuring Agreement J shall not cover:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Any loss covered under Insuring Agreement A, "Fidelity," of this Bond; <u>and</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any loss resulting from the intentional failure to adhere to one or more Computer Security Procedures; <u>and</u> 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) any Authorized User (whether a natural person or an entity); <u>or</u> 

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

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

<u>and</u>

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Any loss not directly and proximately caused by Computer Fraud (including, without limitation, disruption
of business and extra expense); <u>and</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Payments made to any person(s) who has threatened to deny or has denied authorized access to a Covered
Computer System or otherwise has threatened to disrupt the business of the Insured.

For purposes of this Insuring Agreement, "Single Loss," as defined in Section 1.GG of this Bond, shall also include all loss caused by Computer Fraud(s) committed by one person, or in which one person is implicated, whether or not that person is specifically identified. A series of losses involving unidentified individuals, but arising from the same method of operation, may be deemed by the Underwriter to involve the same individual and in that event shall be treated as a Single Loss.

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

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

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

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

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

RN0019.1-00 (05/23)

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 4**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

In consideration of the premium charged for this Bond, it is hereby understood and agreed that notwithstanding Section 9, Non-Reduction and Non Accumulation of Liability and Total Liability, or any other provision of this Bond, the liability of the Underwriter under this Bond with respect to any and all loss or losses, under Insuring Agreement H, Uncollectible Items of Deposit, shall be limited to an aggregate of One Million Dollars ($1,000,000) for the Bond Period, irrespective of the total amount of any such loss or losses.

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

RNV0024.0-01-190 (12/98)<br>

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 5**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

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

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

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

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

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

For purposes of this Rider:

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

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

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

RN0027.0-02 (07/18)<br>

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 6**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

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

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

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

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

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

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

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

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

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

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

RN0030.0-01 (01/02)

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 7**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

**NEWLY CREATED INVESTMENT COMPANIES**

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

For purposes of this Rider, "Newly Created Investment Company" shall mean any Investment Company or series thereof (notwithstanding that such Investment Company's or series' registration under the Investment Company Act of 1940 may not yet be effective), which Investment Company or series (1) was not yet created as of the inception of the Bond Period, and (2) has (or upon registration will have) directors who are identical to the directors of another Insured Fund (other than another Newly Created Investment Company). .

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

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

RN0033.1-01 (07/21)

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 8**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

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

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

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

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

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

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

RN0039.0-02 (06/18)

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 9**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

In consideration of the premium charged for this Bond, it is hereby understood and agreed that notwithstanding anything to the contrary in this Bond (including Insuring Agreement I), this Bond does not cover loss caused by a Phone/Electronic Transaction requested:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by use of an automated telephone tone or voice response system; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by transmissions over the Internet;

except insofar as such loss is covered under Insuring Agreement A "Fidelity" of this Bond.

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

RN0048.0-03 (01/13)

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 10**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

In consideration of the premium charged for this Bond, it is hereby understood and agreed that Section 5 of this Bond is amended to read as follows:

"For all purposes under this Bond, a loss is discovered, and discovery of a loss occurs, when the Legal Department or Chief Compliance Officer of Morgan Stanley Investment Management Inc. and/or Morgan Stanley AIP GP LP, or the Risk and Insurance Department of Morgan Stanley:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) becomes aware of facts, or

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

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

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

RNM0027.0-03-190 (09/18)

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 11**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

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

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

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

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

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

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

RN0053.1-01 (05/21)<br>

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 12**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

In consideration of the premium charged for this Bond, it is hereby understood and agreed that Section 1.L shall be amended to read as follows:

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

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

RNM0005.0-00-190 (09/18)

**ICI MUTUAL INSURANCE COMPANY, a Risk Retention Group**

**INVESTMENT COMPANY BLANKET BOND**

**RIDER NO. 13**

---

| | | |
|:---|:---|:---|
| **INSURED** |  | **BOND NUMBER** |
| **Morgan Stanley Institutional Fund, Inc.** |  | **88190125B** |
| **EFFECTIVE DATE** | **BOND PERIOD** | **AUTHORIZED REPRESENTATIVE** |
| **October 5, 2025** | **October 5, 2025 to October 5, 2026** | **/s/ Catherine Dalton** |

---

**SOCIAL ENGINEERING FRAUD**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M. Social Engineering Fraud

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

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

The Limit of Liability for a Single Loss under this Insuring Agreement M shall be the lesser of (a) 50% of the amount by which such Single Loss exceeds the Deductible Amount or (b) $1,000,000 (One Million Dollars), and the Insured shall bear the remainder of any such Single Loss. The Deductible Amount for this Insuring Agreement M is $150,000 (One Hundred Fifty Thousand Dollars).

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

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

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

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

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

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

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

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

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

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

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

RN0054.0-00 (07/18)

Fidelity Bond Resolutions from the September 18, 2025 Board Meeting on behalf of the Morgan Stanley Funds

RESOLVED, that, having due consideration to all relevant factors, including those set forth in Rule 17g-1 under the Investment Company Act, and having due consideration for the value of the aggregate assets of the Fund to which each officer or employee of the Fund may, singly or jointly with others, have access, including, but not limited to, subscription payments for shares, either directly or through authority to draw upon such funds or to direct generally the disposition of such assets, the Committee hereby recommends that the Board hereby approve the type and form of the joint fidelity bond, as discussed and presented at this meeting, to be maintained by this Fund jointly with the Funds in accordance with the Investment Company Act and Rule 17g-1 thereunder, and further approve that said bond shall be in an amount at least equal to the sum of the total amount of coverage which each Fund would have been required to provide and maintain individually pursuant to the schedule contained in Rule 17g-1(d)(1), such amount to be monitored and determined on a continuous basis for each Fund by MSIM Inc. or MSAIP, as applicable, and the Board hereby approve the amount of said Bond so determined; and further

RESOLVED, that the Committee hereby recommends that the Board approve the binding of the Bond, as discussed and presented at this meeting; and further

RESOLVED, that the Committee hereby recommends that the Board, having taken all relevant factors into consideration, including those set forth in Rule 17g-1 under the Investment Company Act, approve a premium allocation for the Bond, as discussed and presented at this meeting; and further

RESOLVED, that the Committee hereby recommends that the Board approve the payment by the Fund of a portion of the total premium for the coverage of said Bond, the amount of such portion to be in the proportion that the net assets of the Fund bear to the total net assets of all Funds, as of a date to be selected by Management; and further

RESOLVED, that the Committee hereby recommends that the Board authorize the officers of the Fund to prepare and enter into agreements meeting the requirements of Rule 17g-1(f) under the Investment Company Act relating to joint insured bonds covering investment companies, in substantially the same form as the present agreement among the Funds; and further

RESOLVED, that the Committee hereby recommends that the Board designate the Secretary of the Fund or any Vice President or Assistant Secretary as the officer who shall make all filings with the Securities and Exchange Commission ("*SEC*") and give all notices to the members of the Board of the Fund which shall at any time be required by Rule 17g-1(g) under the Investment Company Act; and further

RESOLVED, that the Committee hereby recommends that the Board authorize the Fund to participate in said Bond only so long as the Board, upon consideration of the matter as often as its fiduciary duties require but no less frequently than annually, shall approve the form and amount of the Bond, and the portion of the premium for said Bond to be paid by the Fund; and further

RESOLVED, that the Committee hereby recommends that the Board approve and determine that it is in the best interests of the Fund to participate in the Corporate Cyber Policy, as presented and discussed at this meeting.

**JOINT FIDELITY BOND AGREEMENT**

**WHEREAS**, each Morgan Stanley Fund listed on the attached Appendix A (each a "*Fund*" and collectively, the "*Funds*") is a management investment company registered under the Investment Company Act of 1940, as amended (the "*Investment Company Act*");

**WHEREAS**, each Fund is named in a joint fidelity blanket bond (the "*Bond*") issued by the ICI Mutual Insurance Company; and whereas, the Funds which are so named in such Bond are required to enter into a Joint Fidelity Bond Agreement pursuant to Rule 17g-1(f) under the Investment Company Act;

**NOW, THEREFORE**, it is agreed that in the event a recovery is awarded under the Bond as a result of a loss sustained by one or more of the Funds named in such Bond, each Fund shall receive an equitable and proportionate share of the recovery, such amount being at least equal to the minimum amount as set forth in a single insured bond pursuant to Rule 17g-1(d)(1) of the Investment Company Act.

Dated: November 10, 2025

---

| | |
|:---|:---|
| By: | /s/ Deidre Walsh |
|  | Deidre Walsh |
|  | Secretary of each Fund |

---

Appendix A

**MORGAN STANLEY FUNDS**

**at**

**SEPTEMBER 17-18, 2025**

**EQUITY FUNDS** 

**<u>Open-End Equity Funds</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Morgan
 Stanley Europe Opportunity Fund Inc. ()"*Europe Opportunity* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Morgan
 Stanley Insight Fund ()"*Insight Fund* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Morgan
 Stanley Institutional Fund, Inc. ()"*Institutional Fund Inc.* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Advantage Portfolio

• American Resilience Portfolio

• Asia Opportunity Portfolio

• Developing Opportunity Portfolio

• Emerging Markets ex China Portfolio

• Emerging Markets Leaders Portfolio

• Emerging Markets Portfolio

• Global Insight Portfolio

• Global Concentrated Portfolio

• Global Core Portfolio

• Global Endurance Portfolio

• Global Franchise Portfolio

• Global Opportunity Portfolio

• Global Permanence Portfolio

• Global Stars Portfolio

• Growth Portfolio

• Inception Portfolio

• International Advantage Portfolio

• International Equity Portfolio

• International Opportunity Portfolio

• International Resilience Portfolio

• Passport Overseas Equity Portfolio

• Permanence Portfolio

• US Core Portfolio

• Vitality Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Morgan
 Stanley Institutional Fund Trust ()"*Institutional Fund Trust* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Discovery
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Global
 Strategist Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Morgan
 Stanley Variable Insurance Fund, Inc. ()"*Variable Insurance Fund* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Discovery
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Emerging
 Markets Equity Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Global
 Strategist Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Growth
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. E\*TRADE Trust ()"*E\*TRADE Trust* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• E\*TRADE No Fee Large Cap Index Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• E\*TRADE No Fee International Index Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• E\*TRADE No Fee Total Market Index Fund

**<u>Closed-End Equity Funds</u>**

1. Morgan Stanley China A Share Fund, Inc. ("*China A Fund*")

2. Morgan Stanley India Investment Fund, Inc. ("*India Investment Fund*")

**<u>Equity ETFs</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Morgan
 Stanley ETF Trust ()"*ETF Trust* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert
 International Responsible Index ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert
 US Large-Cap Core Responsible Index ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert
 US Large-Cap Diversity, Equity and Inclusion Index ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert
 US Mid-Cap Core Responsible Index ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert
 US Select Equity ETF

• Parametric Equity Plus ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Parametric Equity Premium Income ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Parametric Hedged Equity ETF

**FIXED INCOME FUNDS**

**<u>Open-End Fixed Income Funds</u>**

1. Morgan Stanley Income Opportunities Fund ()"*Income Opportunities* ")

2. Morgan Stanley Long Duration Government Opportunities Fund (*"Long Duration Government Opportunities"*)

3. Morgan Stanley Institutional Fund Trust ()"*Institutional Fund Trust* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Corporate Bond Portfolio

• High Yield Portfolio

4. Morgan Stanley Variable Insurance Fund, Inc. ()"*Variable Insurance Fund* ")

• Emerging Markets Debt Portfolio

5. E\*TRADE Trust ()"*E\*TRADE Trust* ")

• E\*TRADE No Fee Municipal Bond Index Fund

• E\*TRADE No Fee U.S. Bond Index Fund

**<u>Closed-End Fixed Income Funds</u>**

1. Morgan
 Stanley Emerging Markets Debt Fund, Inc. ()"*Emerging Markets Debt* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2*.* Morgan
 Stanley Emerging Markets Domestic Debt Fund, Inc *.* ()"*Emerging Markets Domestic Debt* ")

**<u>Fixed Income ETFs</u>**

1. Morgan Stanley ETF Trust ()"*ETF Trust* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calvert Ultra-Short Investment Grade ETF

• Eaton Vance CLO Investment Grade ETF

• Eaton Vance Floating-Rate ETF

• Eaton Vance High Yield ETF

• Eaton Vance High Income Municipal ETF

• Eaton Vance Intermediate Municipal Income ETF

• Eaton Vance Mortgage Opportunities ETF

• Eaton Vance Short Duration Income ETF

• Eaton Vance Short Duration Municipal Income ETF

• Eaton Vance Income Opportunities ETF

• Eaton Vance Total Return Bond ETF

• Eaton Vance Ultra-Short Income ETF

**LIQUIDITY FUNDS**

**<u>Money Market Funds</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Morgan
 Stanley U.S. Government Money Market Trust ()"*Government Money* ")

2. Morgan
 Stanley Institutional Liquidity Funds ()"*Institutional Liquidity Funds* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Government
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Government
 Securities Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Money
 Market Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Prime
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax-Exempt
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Treasury
 Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Treasury
 Securities Portfolio

**<u>Open-End Liquidity Funds</u>**

1. Morgan Stanley Institutional Fund Trust ("*Institutional Fund Trust*")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ultra-Short
 Income Portfolio

**ALTERNATIVE FUNDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. AIP
 Alternative Lending Fund A ()"*Alternative Lending Fund A* ")

2. AIP Alternative Lending Fund P ()"*Alternative Lending Fund P* ")

**<u>Funds of Hedge Funds</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Alternative
 Investment Partners Absolute Return Fund ()"*Absolute Return Fund* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Alternative
 Investment Partners Absolute Return Fund STS ()"*Absolute Return STS* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. AIP
 Multi-Strategy Fund A ()"*Multi-Strategy A* ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. AIP
 Multi-Strategy Fund P ()"*Multi-Strategy P* ")

REVIEW OF FIDELITY BOND COVERAGE

September 30, 2025

---

| | | | |
|:---|:---|:---|:---|
| | GROSS ASSETS<br> PORTFOLIO<br> (in mils) | GROSS ASSETS<br> Registrant<br> (in mils) | MINIMUM<br> COVERAGE<br> REQUIRED |
| **<u>MORGAN STANLEY RETAIL FUNDS</u>** |  |  |  |
| INSIGHT FUND |  | 1658 | 1500000 |
| EUROPE OPPORTUNITY FUND |  | 115 | 525000 |
| MS INCOME OPPORTUNITIES FUND |  | 840 | 1000000 |
| LONG DURATION GOVERNMENT OPPORTUNITIES FUND |  | 264 | 750000 |
| U.S. GOVERNMENT MONEY MARKET |  | 1211 | 1250000 |
| **<u>MORGAN STANLEY INSTITUTIONAL CLOSED END FUNDS</u>** |  |  |  |
| MSCE CHINA A SHARE |  | 330 | 750000 |
| MSCE EMERGING MARKETS DEBT |  | 184 | 600000 |
| MSCE EMERGING MARKETS DOMESTIC DEBT |  | 1148 | 1250000 |
| MSCE INDIA INVESTMENT FUND |  | 298 | 750000 |

---

Information Classification: Limited Access

---

| | | | |
|:---|:---|:---|:---|
|  | GROSS ASSETS<br> PORTFOLIO<br> (in mils) | GROSS ASSETS<br> Registrant<br> (in mils) | MINIMUM<br> COVERAGE<br> REQUIRED |
| **<u>MORGAN STANLEY INSTITUTIONAL FUND, INC.</u>** |  | **17340** | 2500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBAL STARS | 48 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PASSPORT OVERSEAS EQUITY | 175 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ADVANTAGE | 221 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GROWTH | 4925 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMERGING MARKETS | 192 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBAL INSIGHT | 76 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBAL FRANCHISE | 2455 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBAL OPPORTUNITY | 3513 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INTERNATIONAL ADVANTAGE | 2797 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INTERNATIONAL EQUITY | 478 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INTERNATIONAL OPPORTUNITY | 813 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INCEPTION | 438 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMERGING MARKETS LEADERS | 132 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASIA OPPORTUNITY | 132 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBAL CONCENTRATED | 356 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBAL CORE | 52 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US CORE | 433 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBAL ENDURANCE | 32 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBAL PERMANENCE | 5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DEVELOPING OPPORTUNITY | 47 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PERMANENCE | 6 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VITALITY PORTFOLIO | 2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMERICAN RESILIENCE | 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INTERNATIONAL RESILIENCE | 2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMERGING MARKETS EX-CHINA | 9 |  |  |
| **<u>MORGAN STANLEY INSTITUTIONAL FUND TRUST</u>** |  | **17499** | 2500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBAL STRATEGIST | 770 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CORPORATE BOND | 132 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DISCOVERY | 1254 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HIGH YIELD | 60 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ULTRA SHORT INCOME | 15283 |  |  |

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Information Classification: Limited Access

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| | | | |
|:---|:---|:---|:---|
|  | GROSS ASSETS<br> PORTFOLIO<br> (in mils) | GROSS ASSETS<br> Registrant<br> (in mils) | MINIMUM<br> COVERAGE<br> REQUIRED |
| **<u>MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS</u>** |  | **287530** | 2500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GOVERNMENT PORTFOLIO | 171989 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GOVERNMENT SECURITIES | 5906 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MONEY MARKET | 3441 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRIME PORTFOLIO | 12950 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TAX-EXEMPT | 532 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TREASURY | 33098 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TREASURY SECURITIES | 59615 |  |  |
| **<u>MORGAN STANLEY VARIABLE INSURANCE FUND, INC.</u>** |  | **1494** | 1250000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GROWTH | 844 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMERGING MARKETS EQUITY | 179 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMERGING MARKETS DEBT | 127 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBAL STRATEGIST | 115 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DISCOVERY | 230 |  |  |
| **<u>E\* TRADE TRUST</u>** |  | **167** | 600000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E TRADE NO FEE LGE CAP INDX FD | 54 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E TRADE NO FEE TOT MKT INDX FD | 43 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E TRADE NO FEE INTL INDX FD | 32 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E TRADE NO FEE MUNI BD INDX FD | 19 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E TRADE NO FEE U.S. BD INDX FD | 19 |  |  |
| **<u>FUNDS OF HEDGE FUNDS</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIP Alternative Lending Fund A |  | **996** | 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIP Alternative Lending Fund P |  | **464** | 750000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alternative Investment Partners Absolute Return Fund |  | **200** | 600000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alternative Investment Partners Absolute Return Fund STS |  | **173** | 600000 |
| **<u>MORGAN STANLEY ETF TRUST</u>** |  | **9555** | 2500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calvert US Large-Cap Core Responsible Index ETF | **606** |  |  |

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Information Classification: Limited Access

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| | | | |
|:---|:---|:---|:---|
| | GROSS ASSETS<br> PORTFOLIO<br> (in mils) | GROSS ASSETS<br> Registrant<br> (in mils) | MINIMUM<br> COVERAGE<br> REQUIRED |
| Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF | **20** |  |  |
| Calvert US Mid-Cap Core Responsible Index ETF | **79** |  |  |
| Calvert US Select Equity ETF | **14** |  |  |
| Calvert International Responsible Index ETF | **231** |  |  |
| Calvert Ultra-Short Investment Grade ETF | **190** |  |  |
| Parametric Equity Premium Income ETF | **253** |  |  |
| Parametric Hedged Equity ETF | **117** |  |  |
| Eaton Vance Ultra-Short Income ETF | **243** |  |  |
| Eaton Vance High Yield ETF | **22** |  |  |
| Eaton Vance Intermediate Municipal Income ETF | **113** |  |  |
| Eaton Vance Floating-Rate ETF | **1564** |  |  |
| Eaton Vance Total Return Bond ETF | **4043** |  |  |
| Eaton Vance Short Duration Municipal Income ETF | **494** |  |  |
| Eaton Vance Short Duration Income ETF | **704** |  |  |
| Parametric Equity Plus ETF | **24** |  |  |
| Eaton Vance High Income Municipal ETF | **41** |  |  |
| Eaton Vance Mortgage Opportunities ETF | **798** |  |  |
| **COMBINED TOTAL** |  | 341469 | 23175000 |
| (CURRENT AMOUNT OF FIDELITY BOND IN EFFECT IS $30 MILLION) |  |  |  |
|  | Bond Coverage | 30000000 |  |
|  | Excess Reserve | 6825000 |  |

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Information Classification: Limited Access