40-17G

July 30, 2018

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Attention: Public Filing Room

 

  Re:

Rule 17g-1 Filing

TCW Strategic Income Fund, Inc. (File No. 811-04980)

(the “Fund”)

Dear Sir or Madam:

As required by Rule 17g-1 under the Investment Company Act of 1940 (the “1940 Act”), I enclose the following on behalf of the Fund:

 

  (1)

Copy of the joint fidelity bond;

 

  (2)

Certificate of the Assistant Secretary of the Fund that contains a copy of the resolutions from the June 4, 2018 meeting of the Fund’s Board of Directors, at which a majority of Directors who are not considered to be “interested persons” within the meaning of the 1940 Act approved the amount, allocation, type, form and coverage of the joint fidelity bond; and

 

  (3)

Copy of the amended and restated joint insured bond agreement.

The premium has been paid for the period June 9, 2018 to June 9, 2019. Had the Fund obtained a separate fidelity bond, the amount of coverage required would have been $750,000.

 

Very truly yours,
/s/ Patrick W. Dennis

Patrick W. Dennis

Vice President and Assistant Secretary

Enclosures



Chubb Group of Insurance Companies   DECLARATIONS
202B Hall’s Mill Road     FINANCIAL INSTITUTION INVESTMENT
Whitehouse Station, NJ 08889     COMPANY ASSET PROTECTION BOND
 
NAME OF ASSURED (including its Subsidiaries):   Bond Number: 82484952
 
METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,    
INC.; AND TCW ALTERNATIVE FUNDS        
865 SOUTH FIGUEROA STREET,          
            FEDERAL INSURANCE COMPANY
LOS ANGELES, CA 90017     Incorporated under the laws of Indiana
            a stock insurance company herein called the COMPANY
            Capital Center, 251 North Illinois, Suite 1100
            Indianapolis, IN 46204-1927
 
ITEM 1. BOND PERIOD: from 12:01 a.m. on June 9, 2018    
      to 12:01 a.m. on June 9, 2019    
 
ITEM 2. LIMITS OF LIABILITY--DEDUCTIBLE AMOUNTS:    
 
  If “Not Covered” is inserted below opposite any specified INSURING CLAUSE, such INSURING CLAUSE and
  any other reference shall be deemed to be deleted. There shall be no deductible applicable to any loss
  under INSURING CLAUSE 1. sustained by any Investment Company.    
 
          SINGLE LOSS DEDUCTIBLE
  INSURING CLAUSE   LIMIT OF LIABILITY AMOUNT
 
  1 . Employee   $ 6,100,000 $ 0
  2 . On Premises   $ 6,100,000 $ 10,000
  3 . In Transit   $ 6,100,000 $ 10,000
  4 . Forgery or Alteration $ 6,100,000 $ 10,000
  5 . Extended Forgery $ 6,100,000 $ 10,000
  6 . Counterfeit Money $ 6,100,000 $ 10,000
  7 . Threats to Person $ 6,100,000 $ 10,000
  8 . Computer System $ 6,100,000 $ 10,000
  9 . Voice Initiated Funds Transfer        
      Instruction   $ 6,100,000 $ 10,000
  10 . Uncollectible Items of Deposit $ 6,100,000 $ 10,000
  11 . Audit Expense   $ 6,100,000 $ 10,000
 
ITEM 3. THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE FOLLOWING
  ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH:    
 
  Endorsements 1-11          
 
 
IN WITNESS WHEREOF, THE COMPANY has caused this Bond to be signed by its authorized officers, but it shall not be
valid unless also signed by an authorized representative of the Company.    

 


ICAP Bond (5-98) - Federal  
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  The COMPANY, in consideration of payment of the required premium, and in reliance
  on the APPLICATION and all other statements made and information furnished to the
  COMPANY by the ASSURED, and subject to the DECLARATIONS made a part of this
  Bond and to all other terms and conditions of this Bond, agrees to pay the ASSURED
  for:          
 
 
Insuring Clauses            
 
 
Employee 1 . Loss resulting directly from Larceny or Embezzlement committed by any
Employee, alone or in collusion with others.

 
 
 
On Premises 2 . Loss of Property resulting directly from robbery, burglary, false pretenses,
      common law or statutory larceny, misplacement, mysterious unexplainable
      disappearance, damage, destruction or removal, from the possession, custody or
      control of the ASSURED, while such Property is lodged or deposited at premises
      located anywhere.
 
 
In Transit 3 . Loss of Property resulting directly from common law or statutory larceny,
      misplacement, mysterious unexplainable disappearance, damage or destruction,
      while the Property is in transit anywhere:
 
      a. in an armored motor vehicle, including loading and unloading thereof,
 
      b. in the custody of a natural person acting as a messenger of the ASSURED,
        or    
 
      c. in the custody of a Transportation Company and being transported in a
        conveyance other than an armored motor vehicle provided, however, that
        covered Property transported in such manner is limited to the following:
 
        (1 ) written records,
 
        (2 ) securities issued in registered form, which are not endorsed or are
restrictively endorsed, or
 
        (3 ) negotiable instruments not payable to bearer, which are not endorsed
            or are restrictively endorsed.
 
      Coverage under this INSURING CLAUSE begins immediately on the receipt of
      such Property by the natural person or Transportation Company and ends
      immediately on delivery to the premises of the addressee or to any representative
      of the addressee located anywhere.

 

ICAP Bond (5-98)  
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Insuring Clauses          
(continued)          
 
 
Forgery Or Alteration 4 . Loss resulting directly from:
      a. Forgery on, or fraudulent material alteration of, any bills of exchange,
        checks, drafts, acceptances, certificates of deposits, promissory notes, due
        bills, money orders, orders upon public treasuries, letters of credit, other
        written promises, orders or directions to pay sums certain in money, or
        receipts for the withdrawal of Property, or
 
      b. transferring, paying or delivering any funds or other Property, or establishing
        any credit or giving any value in reliance on any written instructions, advices
        or applications directed to the ASSURED authorizing or acknowledging the
        transfer, payment, delivery or receipt of funds or other Property, which
        instructions, advices or applications fraudulently purport to bear the
        handwritten signature of any customer of the ASSURED, or shareholder or
        subscriber to shares of an Investment Company, or of any financial
        institution or Employee but which instructions, advices or applications either
        bear a Forgery or have been fraudulently materially altered without the
        knowledge and consent of such customer, shareholder, subscriber, financial
        institution or Employee;
 
      excluding, however, under this INSURING CLAUSE any loss covered under
      INSURING CLAUSE 5. of this Bond, whether or not coverage for INSURING
      CLAUSE 5. is provided for in the DECLARATIONS of this Bond.
 
      For the purpose of this INSURING CLAUSE, a mechanically reproduced facsimile
      signature is treated the same as a handwritten signature.
 
 
Extended Forgery 5 . Loss resulting directly from the ASSURED having, in good faith, and in the
      ordinary course of business, for its own account or the account of others in any
      capacity:  
 
      a. acquired, accepted or received, sold or delivered, or given value, extended
        credit or assumed liability, in reliance on any original Securities,
        documents or other written instruments which prove to:
 
        (1) bear a Forgery or a fraudulently material alteration,
 
        (2) have been lost or stolen, or
 
        (3) be Counterfeit, or
 
      b. guaranteed in writing or witnessed any signatures on any transfer,
        assignment, bill of sale, power of attorney, guarantee, endorsement or other
        obligation upon or in connection with any Securities, documents or other
        written instruments.
 
      Actual physical possession, and continued actual physical possession if taken as
      collateral, of such Securities, documents or other written instruments by an
      Employee, Custodian, or a Federal or State chartered deposit institution of the
      ASSURED is a condition precedent to the ASSURED having relied on such items.
      Release or return of such collateral is an acknowledgment by the ASSURED that it
      no longer relies on such collateral.

 

ICAP Bond (5-98)  
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Insuring Clauses            
 
 
Extended Forgery     For the purpose of this INSURING CLAUSE, a mechanically reproduced facsimile
(continued)     signature is treated the same as a handwritten signature.
 
 
Counterfeit Money 6 . Loss resulting directly from the receipt by the ASSURED in good faith of any
      Counterfeit money.
 
 
Threats To Person 7 . Loss resulting directly from surrender of Property away from an office of the
      ASSURED as a result of a threat communicated to the ASSURED to do bodily
      harm to an Employee as defined in SECTION 1.e. (1), (2) and (5), a Relative or
      invitee of such Employee, or a resident of the household of such Employee, who
      is, or allegedly is, being held captive provided, however, that prior to the surrender
      of such Property:
      a. the Employee who receives the threat has made a reasonable effort to
        notify an officer of the ASSURED who is not involved in such threat, and
 
      b. the ASSURED has made a reasonable effort to notify the Federal Bureau of
        Investigation and local law enforcement authorities concerning such threat.
      It is agreed that for purposes of this INSURING CLAUSE, any Employee of the
      ASSURED, as set forth in the preceding paragraph, shall be deemed to be an
      ASSURED hereunder, but only with respect to the surrender of money, securities
      and other tangible personal property in which such Employee has a legal or
      equitable interest.
 
 
Computer System 8 . Loss resulting directly from fraudulent:
      a. entries of data into, or
 
      b. changes of data elements or programs within,
      a Computer System, provided the fraudulent entry or change causes:
 
        (1 ) funds or other property to be transferred, paid or delivered,
 
        (2 ) an account of the ASSURED or of its customer to be added, deleted,
debited or credited, or
 
        (3 ) an unauthorized account or a fictitious account to be debited or
            credited.

 

ICAP Bond (5-98)  
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Insuring Clauses        
(continued)        
 
 
Voice Initiated Funds 9 . Loss resulting directly from Voice Initiated Funds Transfer Instruction directed
Transfer Instruction     to the ASSURED authorizing the transfer of dividends or redemption proceeds of
      Investment Company shares from a Customer's account, provided such Voice
      Initiated Funds Transfer Instruction was:
      a. received at the ASSURED'S offices by those Employees of the ASSURED
        specifically authorized to receive the Voice Initiated Funds Transfer
        Instruction,
 
      b. made by a person purporting to be a Customer, and
 
      c. made by said person for the purpose of causing the ASSURED or Customer
        to sustain a loss or making an improper personal financial gain for such
        person or any other person.
      In order for coverage to apply under this INSURING CLAUSE, all Voice Initiated
      Funds Transfer Instructions must be received and processed in accordance with
      the Designated Procedures outlined in the APPLICATION furnished to the
      COMPANY.
 
 
Uncollectible Items of 10 . Loss resulting directly from the ASSURED having credited an account of a
Deposit     customer, shareholder or subscriber on the faith of any Items of Deposit which
      prove to be uncollectible, provided that the crediting of such account causes:
 
      a. redemptions or withdrawals to be permitted,
 
      b. shares to be issued, or
 
      c. dividends to be paid,
from an account of an Investment Company.
 
      In order for coverage to apply under this INSURING CLAUSE, the ASSURED
      must hold Items of Deposit for the minimum number of days stated in the
      APPLICATION before permitting any redemptions or withdrawals, issuing any
      shares or paying any dividends with respect to such Items of Deposit.
 
      Items of Deposit shall not be deemed uncollectible until the ASSURED'S
      standard collection procedures have failed.
 
 
Audit Expense 11 . Expense incurred by the ASSURED for that part of the cost of audits or
      examinations required by any governmental regulatory authority or self-regulatory
      organization to be conducted by such authority, organization or their appointee by
      reason of the discovery of loss sustained by the ASSURED and covered by this
      Bond.

 

ICAP Bond (5-98)  
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General Agreements        
 
 
Additional Companies A. If more than one corporation, or Investment Company, or any combination of
Included As Assured   them is included as the ASSURED herein:
    (1 ) The total liability of the COMPANY under this Bond for loss or losses
        sustained by any one or more or all of them shall not exceed the limit for
        which the COMPANY would be liable under this Bond if all such loss were
        sustained by any one of them.
 
    (2 ) Only the first named ASSURED shall be deemed to be the sole agent of the
        others for all purposes under this Bond, including but not limited to the giving
        or receiving of any notice or proof required to be given and for the purpose of
        effecting or accepting any amendments to or termination of this Bond. The
        COMPANY shall furnish each Investment Company with a copy of the
        Bond and with any amendment thereto, together with a copy of each formal
        filing of claim by any other named ASSURED and notification of the terms of
        the settlement of each such claim prior to the execution of such settlement.
 
    (3 ) The COMPANY shall not be responsible for the proper application of any
        payment made hereunder to the first named ASSURED.
 
    (4 ) Knowledge possessed or discovery made by any partner, director, trustee,
        officer or supervisory employee of any ASSURED shall constitute knowledge
        or discovery by all the ASSUREDS for the purposes of this Bond.
 
    (5 ) If the first named ASSURED ceases for any reason to be covered under this
        Bond, then the ASSURED next named on the APPLICATION shall thereafter
        be considered as the first named ASSURED for the purposes of this Bond.
 
 
Representation Made By B. The ASSURED represents that all information it has furnished in the
Assured   APPLICATION for this Bond or otherwise is complete, true and correct. Such
    APPLICATION and other information constitute part of this Bond.
 
    The ASSURED must promptly notify the COMPANY of any change in any fact or
    circumstance which materially affects the risk assumed by the COMPANY under
    this Bond.
 
    Any intentional misrepresentation, omission, concealment or incorrect statement of
    a material fact, in the APPLICATION or otherwise, shall be grounds for recision of
    this Bond.

 

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

 

ICAP Bond (5-98)  
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General Agreements    
 
 
Court Costs And (3) in the absence of 1 or 2 above, an arbitration panel agrees, after a review of
Attorneys’ Fees   an agreed statement of facts between the COMPANY and the ASSURED,
(continued)   that an Employee would be found guilty of Larceny or Embezzlement if
such Employee were prosecuted.
 
  The ASSURED shall promptly give notice to the COMPANY of any such suit or
  legal proceeding and at the request of the COMPANY shall furnish copies of all
  pleadings and pertinent papers to the COMPANY. The COMPANY may, at its
  sole option, elect to conduct the defense of all or part of such legal proceeding.
  The defense by the COMPANY shall be in the name of the ASSURED through
  attorneys selected by the COMPANY. The ASSURED shall provide all reasonable
  information and assistance as required by the COMPANY for such defense.
 
  If the COMPANY declines to defend the ASSURED, no settlement without the
  prior written consent of the COMPANY nor judgment against the ASSURED shall
  determine the existence, extent or amount of coverage under this Bond.
 
  If the amount demanded in any such suit or legal proceeding is within the
  DEDUCTIBLE AMOUNT, if any, the COMPANY shall have no liability for court
  costs and attorney's fees incurred in defending all or part of such suit or legal
  proceeding.
 
  If the amount demanded in any such suit or legal proceeding is in excess of the
  LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS for the applicable
  INSURING CLAUSE, the COMPANY'S liability for court costs and attorney's fees
  incurred in defending all or part of such suit or legal proceedings is limited to the
  proportion of such court costs and attorney's fees incurred that the LIMIT OF
  LIABILITY stated in ITEM 2. of the DECLARATIONS for the applicable INSURING
  CLAUSE bears to the total of the amount demanded in such suit or legal
  proceeding.
 
  If the amount demanded is any such suit or legal proceeding is in excess of the
  DEDUCTIBLE AMOUNT, if any, but within the LIMIT OF LIABILITY stated in ITEM
  2. of the DECLARATIONS for the applicable INSURING CLAUSE, the
  COMPANY'S liability for court costs and attorney's fees incurred in defending all or
  part of such suit or legal proceedings shall be limited to the proportion of such
  court costs or attorney's fees that the amount demanded that would be payable
  under this Bond after application of the DEDUCTIBLE AMOUNT, bears to the total
  amount demanded.
 
  Amounts paid by the COMPANY for court costs and attorneys' fees shall be in
  addition to the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS.

 

ICAP Bond (5-98)  
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Conditions and            
Limitations            
 
 
Definitions 1 . As used in this Bond:
      a. Computer System means a computer and all input, output, processing,
        storage, off-line media libraries, and communication facilities which are
        connected to the computer and which are under the control and supervision
        of the operating system(s) or application(s) software used by the ASSURED.
 
      b. Counterfeit means an imitation of an actual valid original which is intended
        to deceive and be taken as the original.
 
      c. Custodian means the institution designated by an Investment Company to
        maintain possession and control of its assets.
 
      d. Customer means an individual, corporate, partnership, trust customer,
        shareholder or subscriber of an Investment Company which has a written
        agreement with the ASSURED for Voice Initiated Funds Transfer
        Instruction.
 
      e. Employee means:
 
        (1 ) an officer of the ASSURED,
 
        (2 ) a natural person while in the regular service of the ASSURED at any of
            the ASSURED'S premises and compensated directly by the ASSURED
            through its payroll system and subject to the United States Internal
            Revenue Service Form W-2 or equivalent income reporting plans of
            other countries, and whom the ASSURED has the right to control and
            direct both as to the result to be accomplished and details and means
            by which such result is accomplished in the performance of such
            service,
 
        (3 ) a guest student pursuing studies or performing duties in any of the
ASSURED'S premises,
 
        (4 ) an attorney retained by the ASSURED and an employee of such
            attorney while either is performing legal services for the ASSURED,
 
        (5 ) a natural person provided by an employment contractor to perform
            employee duties for the ASSURED under the ASSURED'S supervision
            at any of the ASSURED'S premises,
 
        (6 ) an employee of an institution merged or consolidated with the
            ASSURED prior to the effective date of this Bond,
 
        (7 ) a director or trustee of the ASSURED, but only while performing acts
            within the scope of the customary and usual duties of any officer or
            other employee of the ASSURED or while acting as a member of any
            committee duly elected or appointed to examine or audit or have
            custody of or access to Property of the ASSURED, or

 

ICAP Bond (5-98)  
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Conditions and        
Limitations        
 
 
Definitions (8 ) each natural person, partnership or corporation authorized by written
(continued)     agreement with the ASSURED to perform services as electronic data
      processor of checks or other accounting records related to such checks but
      only while such person, partnership or corporation is actually performing
      such services and not:
 
      a. creating, preparing, modifying or maintaining the ASSURED'S
        computer software or programs, or
 
      b. acting as transfer agent or in any other agency capacity in issuing
        checks, drafts or securities for the ASSURED,
 
  (9 ) any partner, officer or employee of an investment advisor, an underwriter
      (distributor), a transfer agent or shareholder accounting recordkeeper, or an
      administrator, for an Investment Company while performing acts coming
      within the scope of the customary and usual duties of an officer or employee
      of an Investment Company or acting as a member of any committee duly
      elected or appointed to examine, audit or have custody of or access to
      Property of an Investment Company.
 
      The term Employee shall not include any partner, officer or employee of a
      transfer agent, shareholder accounting recordkeeper or administrator:
 
      a. which is not an "affiliated person" (as defined in Section 2(a) of the
        Investment Company Act of 1940) of an Investment Company or of
        the investment advisor or underwriter (distributor) of such Investment
        Company, or
 
      b. which is a "bank" (as defined in Section 2(a) of the Investment
Company Act of 1940).
 
        This Bond does not afford coverage in favor of the employers of
        persons as set forth in e. (4), (5) and (8) above, and upon payment to
        the ASSURED by the COMPANY resulting directly from Larceny or
        Embezzlement committed by any of the partners, officers or
        employees of such employers, whether acting alone or in collusion with
        others, an assignment of such of the ASSURED'S rights and causes of
        action as it may have against such employers by reason of such acts
        so committed shall, to the extent of such payment, be given by the
        ASSURED to the COMPANY, and the ASSURED shall execute all
        papers necessary to secure to the COMPANY the rights provided for
        herein.
 
      Each employer of persons as set forth in e.(4), (5) and (8) above and the
      partners, officers and other employees of such employers shall collectively
      be deemed to be one person for all the purposes of this Bond; excepting,
      however, the fifth paragraph of Section 13.
 
      Independent contractors not specified in e.(4), (5) or (8) above,
      intermediaries, agents, brokers or other representatives of the same general
      character shall not be considered Employees.

 

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

 

ICAP Bond (5-98)  
Form 17-02-1421 (Ed. 5-98) Page 10 of 19

 


 

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

 

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

 


 

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

 

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

 


 

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

 

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

 


 

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

 

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

 


 

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

 

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

 


 

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

 

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

 


 

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

 

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

 


 

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

 

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

 


 

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

 

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

 


 

  ENDORSEMENT/RIDER
Effective date of  
this endorsement/rider: June 9, 2018 FEDERAL INSURANCE COMPANY
  Endorsement/Rider No. 1
  To be attached to and
  form a part of Policy No. 82484952
Issued to: METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,
INC.; AND TCW ALTERNATIVE FUNDS  
COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS
It is agreed that this insurance does not apply to the extent that trade or economic sanctions or other similar laws or
regulations prohibit the coverage provided by this insurance.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and
conditions of coverage.  
All other terms, conditions and limitations of this Policy shall remain unchanged.

 

14-02-9228 (2/2010)

Page 1


 

      ENDORSEMENT/RIDER
Effective date of    
this endorsement/rider: June 9, 2018 FEDERAL INSURANCE COMPANY
    Endorsement/Rider No. 2
    To be attached to and  
    form a part of Bond No. 82484952
Issued to: METWEST FUNDS; TCW STRATEGIC INCOME FUND INC.; TCW FUNDS, INC.; AND TCW
ALTERNATIVE FUNDS    
 
 
AUTOMATIC INCREASE IN LIMITS ENDORSEMENT
In consideration of the premium charged, it is agreed that GENERAL AGREEMENTS, Section C. Additional
Offices Or Employees-Consolidation, Merger Or Purchase Or Acquisition Of Assets Or Liabilities-Notice To
Company, is amended by adding the following subsection:  
Automatic Increase in Limits for Investment Companies  
If an increase in bonding limits is required pursuant to rule 17g-1 of the Investment Company Act of 1940 (“the
Act”), due to:    
(i) the creation of a new Investment Company, other than by consolidation or merger with, or purchase or
  acquisition of assets or liabilities of, another institution; or  
(ii) an increase in asset size of current Investment Companies covered under this Bond,
then the minimum required increase in limits shall take place automatically without payment of additional
premium for the remainder of the BOND PERIOD.  
 
 
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage.    
 
All other terms, conditions and limitations of this Bond shall remain unchanged.

 

14-02-14098 (04/2008)

Page 1


 

        FEDERAL INSURANCE COMPANY
 
        Endorsement No. 3  
 
        Bond Number: 82484952  
 
NAME OF ASSURED: METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,
    INC.; AND TCW ALTERNATIVE FUNDS    
 
 
REVISE ITEM 2. ENDORSEMENT
 
It is agreed that this Bond is amended by deleting ITEM 2. in its entirety on the DECLARATIONS and
substituting the following:        
 
ITEM 2. LIMITS OF LIABILITY-DEDUCTIBLE AMOUNTS:        
 
If "Not Covered" is inserted below opposite any specified INSURING CLAUSE, such INSURING CLAUSE
and any other reference to such INSURING CLAUSE in this Bond shall be deemed to be deleted. There
shall be no deductible applicable to any loss under INSURING CLAUSE 1 sustained by any
Investment Company.        
 
      SINGLE LOSS DEDUCTIBLE
INSURING CLAUSE LIMIT OF LIABILITY AMOUNT
1 . Employee $ 6,100,000 $ 0
2 . On Premises $ 6,100,000 $ 10,000
3 . In Transit $ 6,100,000 $ 10,000
4 . Forgery or Alteration $ 6,100,000 $ 10,000
5 . Extended Forgery $ 6,100,000 $ 10,000
6 . Counterfeit Money $ 6,100,000 $ 10,000
7 . Threats to Person $ 6,100,000 $ 10,000
8 . Computer System $ 6,100,000 $ 10,000
9 . Voice Initiated Funds Transfer Instruction $ 6,100,000 $ 10,000
10 . Uncollectible Items of Deposit $ 6,100,000 $ 10,000
11 . Audit Expense $ 6,100,000 $ 10,000
12. Extended Computer Systems $ 6,100,000 $ 10,000
13. Unauthorized Signature $ 6,100,000 $ 10,000
14. Claims Expense $ 50,000 $ 5,000
15. Stop Payment Order or Refusal $ 50,000 $ 5,000
 
 
This Endorsement applies to loss discovered after 12:01 a.m. on June 9, 2018.    
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.    

 

Date: July 23, 2018

 

ICAP Bond  
Form 17-02-1582 (Ed. 5-98) Page 1

 


 

            ENDORSEMENT/RIDER
 
Effective date of      
this endorsement/rider: June 9, 2018 FEDERAL INSURANCE COMPANY
 
          Endorsement/Rider No. 4
 
          To be attached to and  
          form a part of Bond No. 82484952
 
Issued to: METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,
 
      INC.; AND TCW ALTERNATIVE FUNDS    
 
        FRAUDULENT TRANSFER INSTRUCTIONS ENDORSEMENT
        (For use with the ICAP bond)  
 
In consideration of the premium charged, it is agreed that this bond is amended as follows:
 
(1 ) The following Insuring Clause is added:    
 
    FRAUDULENT TRANSFER INSTRUCTIONS    
 
    Loss resulting directly from the ASSURED having, in good faith, transferred money on deposit in
    a Customer’s account, or a Customer’s Certificated Security or Uncertificated Security, in
    reliance upon a fraudulent instruction transmitted to the ASSURED via telefacsimile, telephone or
    electronic mail; provided, however, that:    
 
    A. the fraudulent instruction purports, and reasonably appears, to have originated from:
      i. such Customer, or    
      ii. an Employee acting on instructions of such Customer, or  
      iii. another financial institution acting on behalf of such Customer with authority to make such
        instructions; and    
 
    B. the sender of the fraudulent instruction verified the instruction with the password, PIN, or
      other security code of such Customer; and  
 
    C. the sender was not, in fact, such Customer, was not authorized to act on behalf of such
      Customer, and was not an Employee; and  
 
    D. the instruction was received by an Employee specifically authorized by the ASSURED to
      receive and act upon such instructions; and  
 
    E. for any transfer exceeding the amount set forth in paragraph (8) of this endorsement, the
ASSURED verified the instructions via a call back to a predetermined telephone number set
      forth in the ASSURED’s written agreement with such Customer or other verification
      procedure approved in writing by the COMPANY; and  

 

14-02-21330 (10/2014)

Page 1


 

    F.   the ASSURED preserved a contemporaneous record of the call back, if any, and the instruction which
        verifies use of the authorized password, PIN or other security code of the Customer.
 
(2 ) For the purposes of the coverage afforded by this endorsement, the following terms shall have
    the following meanings:
 
    Certificated Security means a share, participation or other interest in property of, or an
    enterprise of, the issuer or an obligation of the issuer, which is:
 
    (1 )   represented by an instrument issued in bearer or registered form, and
 
    (2 )   of a type commonly dealt in on securities exchanges or markets or commonly recognized
          in any area in which it is issued or dealt in as a medium for investment, and
 
    (3 )   either one of a class or series or by its terms divisible into a class or series of shares,
          participations, interests or obligations.
 
    Customer means any individual, corporate partnership, proprietor, trust customer, shareholder or
    subscriber of an Investment Company which has a written agreement with the ASSURED
    authorizing the ASSURED to transfer Money on deposit in an account or Certificated Security
    or Uncertificated Security in reliance upon instructions transmitted to the ASSURED via
    telefacsimile, telephone or electronic mail to transmit the fraudulent instruction.
 
    Uncertificated Security means a share, participation or other interest in property of or an
    enterprise of the issuer or an obligation of the issuer, which is:
 
    (1 )   not represented by an instrument and the transfer of which is registered on books
          maintained for that purpose by or on behalf of the issuer, and
 
    (2 )   of a type commonly dealt in on securities exchanges or markets, and
 
    (3 )   either one of a class or series or by its terms divisible into a class or series of shares,
          participations, interests or obligations.
 
(3 ) It shall be a condition precedent to coverage under this Insuring Clause that the ASSURED
    assert any available claims, offsets or defenses against such Customer, any financial institution
    or any other party to the transaction.
 
(4 ) Solely with respect to the Fraudulent Transfer Instruction Insuring Clause, the following
    Exclusions are added:
 
    A.   Loss resulting directly or indirectly from a fraudulent instruction if the sender, or anyone
        acting in collusion with the sender, ever had authorized access to such Customer’s
        password, PIN or other security code; and
 
    B.   Loss resulting directly or indirectly from the fraudulent alteration of an instruction to initiate an
        automated clearing house (ACH) entry, or group of ACH entries, transmitted as an electronic
        message, or as an attachment to an electronic message, sent via the internet, unless:
 
        i. each ACH entry was individually verified via the call back procedure without regard to the
          amount of the entry; or
        ii. the instruction was formatted, encoded or encrypted so that any altercation in the ACH
          entry or group of ACH entries would be apparent to the ASSURED.

 

14-02-21330 (10/2014)

Page 2


 

(5 ) Solely with respect to the Fraudulent Transfer Instruction Insuring Clause, Exclusion 2.k. is
    deleted and replaced with the following:
 
 
    k. loss resulting from voice requests or instructions received over the telephone, provided
however, this Section 2.k. shall not apply to INSURING CLAUSE 7. or 9. or the
      Fraudulent Transfer Instruction Insuring Clause.
 
 
(6 ) For the purposes of the Fraudulent Transfer Instruction Insuring Clause, all loss or losses
    involving one natural person or entity, or one group of natural persons or entities acting together,
    shall be a Single Loss without regard to the number of transfers or the number of instructions
    involved.
 
 
(7 ) For the purposes of the Fraudulent Transfer Instruction Insuring Clause, the Single Loss Limit of
    Liability shall be $ 6,100,000. The Deductible Amount shall be $ 10,000.
 
 
(8 ) The amount of any single transfer for which verification via call back will be required is: $ 10,000.
 
 
 
 
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and
conditions of coverage.
 
All other terms, conditions and limitations of this Bond shall remain unchanged.

 

14-02-21330 (10/2014)

Page 3


 

            FEDERAL INSURANCE COMPANY
 
            Endorsement No.: 5
 
            Bond Number: 82484952
 
NAME OF ASSURED: METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,
 
            INC.; AND TCW ALTERNATIVE FUNDS  
 
AUTOMATED TELEPHONE TRANSACTION ENDORSEMENT
 
It is agreed that this Bond is amended as follows:  
1 . By adding the following INSURING CLAUSE:  
    0 . Automated Telephone System Transaction  
        Loss resulting directly from the ASSURED having transferred funds on the faith of any
        Automated Phone System (APS) Transaction, where the request for such APS
        Transaction is unauthorized or fraudulent and is made with the intent to deceive. In order for
        coverage to apply under this INSURING CLAUSE the ASSURED shall maintain and follow all
        APS Designated Procedures. A single failure of the ASSURED to maintain and follow a
        particular APS Designated Procedure in a particular APS Transaction will not preclude
        coverage under this INSURING CLAUSE.  
2 . By adding to Section 1., Definitions, the following:  
    r. APS Designated Procedures means all of the following procedures:
 
        (1 ) No APS Transaction shall be executed unless the shareholder or unitholder to whose
            account such an APS Transaction relates has previously elected to APS Transactions.
            (Election in Application)  
        (2 ) All APS Transactions shall be logged or otherwise recorded and the records shall be
            retained for at least six (6) months. (Logging)  
            Information contained in the records shall be capable of being retrieved and produced
            within a reasonable time after retrieval of specific information is requested, at a success
            rate of no less than 85 percent.  
        (3 ) The caller in any request for an APS Transaction, before executing that APS
            Transaction must enter a personal identification number (PIN), social security number
            and account number. (Identity Test)  
            If the caller fails to enter a correct PIN within three (3) attempts, the caller must not be
            allowed additional attempts during the same telephone call to enter the PIN. The caller
            may either be instructed to redial a customer service representative or may be
            immediately connected to such a representative. (Limited attempts to Enter PIN)

 

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

 


 

      (4 ) A written confirmation of any APS Transaction or change of address shall be mailed to
          the shareholder or unitholder to whose account such transaction relates, at the record
          address, by the end of the insured's next regular processing cycle, but in no event later
          than five (5) business days following such APS Transaction. (Written Confirmation)
 
      (5 ) Access to the equipment which permits the entity receiving the APS Transaction
          request to process and effect the transaction shall be limited in the following manner:
          (Access to APS Equipment)
    s. APS Election means any election concerning various account features available to the
      shareholder or unitholder which is made through the Automated Phone System by means of
      information transmitted by an individual caller through use of a Automated Phone System.
      These features include account statements, auto exchange, auto asset builder, automatic
      withdrawal, dividend/capital gain options, dividend sweep, telephone balance consent and
      change of address.
    t. APS Exchange means any exchange of shares or units in a registered account of one fund
      into shares or units in an account with the same tax identification number and same
      ownership-type code of another fund in the same complex pursuant to exchange privileges of
      the two funds, which exchange is requested through the Automated Phone System by
      means of information transmitted by an individual caller through use of an Automated Phone
      System.
 
    u. APS Purchase means any purchase of shares or units issued by an Investment Company
      which is requested through an Automated Phone System.
 
    v. APS Redemption means any redemption of shares or units issued by an Investment
      Company which it requested through the telephone by means of information transmitted by an
      individual caller through use of a Automated Phone System.
 
    w. APS Transaction means any APS Purchase, APS Redemption, APS Election or APS
      Exchange.
 
    x. Automated Phone System means an automated system which receives and converts to
      executable instructions transmissions through the Automated Phone System through use of
      a touch-tone keypad or other tone system; and always excluding transmissions from a
      computer system or part thereof.
3 . By adding the following Section after Section 4., Specific Exclusions-Applicable To All Insuring
    Clauses Except 1., 4., 5.:
    Section 4.A Specific Exclusion-Applicable to Insuring Clause 0
    This Bond does not directly or indirectly cover under Insuring Clause 0:
    Loss resulting from:
    a. the redemption of shares or units, where the proceeds of such redemption are made payable
      to other than:
      (1 ) the shares or units of record,
      (2 ) a person designated to receive redemption proceeds, or
      (3 ) a bank account designated to receive redemption proceeds, or
    b. the redemption of shares or units, where the proceeds of such redemption are paid by check
      mailed to any address, unless such address has either been designated the shareholder or
      unitholder by voice through an Automated Phone System or in writing, at least thirty (30) days
      prior to such redemption, or

 

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

 


 

c. the redemption of shares or units, where shareholder or unitholder of the ASSURED
  designated bank account of record.      
 
 
This Endorsement applies to loss discovered after 12:01 a.m. on June 9, 2018.      
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.      

 

Date: July 23, 2018


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

 


 

            FEDERAL INSURANCE COMPANY
            Endorsement No.: 6
            Bond Number: 82484952
 
NAME OF ASSURED: METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,
            INC.; AND TCW ALTERNATIVE FUNDS  
UNAUTHORIZED SIGNATURE ENDORSEMENT
It is agreed that this Bond is amended as follows:  
1 . By adding the following INSURING CLAUSE:  
    13 . Unauthorized Signature  
        Loss resulting directly from the ASSURED having accepted, paid or cashed any check or
        Withdrawal Order made or drawn on or against the account of the ASSURED’S customer
        which bears the signature or endorsement of one other than a person whose name and signature
        is on file with the ASSURED as a signatory on such account.  
        It shall be a condition precedent to the ASSURED'S right of recovery under this INSURING
        CLAUSE that the ASSURED shall have on file signatures of all the persons who are signatories
        on such account.  
2 . By adding to Section 1., Definitions, the following:  
    y.   Instruction means a written order to the issuer of an Uncertificated Security requesting that the
        transfer, pledge or release from pledge of the specified Uncertificated Security be registered.
    z.   Uncertificated Security means a share, participation or other interest in property of or an
        enterprise of the issuer or an obligation of the issuer, which is:  
        (1 ) not represented by an instrument and the transfer of which is registered on books
            maintained for that purpose by or on behalf of the issuer, and  
        (2 ) of a type commonly dealt in on securities exchanges or markets, and
        (3 ) either one of a class or series or by its terms divisible into a class or series of shares,
            participations, interests or obligations.  

 

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

 


 

aa. Withdrawal Order means a non-negotiable instrument, other than an Instruction, signed by a
  customer of the ASSURED authorizing the ASSURED to debit the customer’s account in the
  amount of funds stated therein.
 
 
 
 
This Endorsement applies to loss discovered after 12:01 a.m. on June 9, 2018.
 
 
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

 

Date: July 23, 2018


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

 


 

        FEDERAL INSURANCE COMPANY
        Endorsement No.: 7
        Bond Number: 82484952
NAME OF ASSURED: METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,
        INC.; AND TCW ALTERNATIVE FUNDS  
CLAIMS EXPENSE ENDORSEMENT
It is agreed that this Bond is amended as follows:  
1 . By adding the following INSURING CLAUSE:  
    14. Claims Expense  
    Reasonable expense incurred by the ASSURED, solely for independent firms or individuals to
    determine the amount of loss where:  
    (1 ) the loss is covered under the Bond, and  
    (2 ) the loss is in excess of the applicable DEDUCTIBLE AMOUNT.  
2 . Under General Exclusions-Applicable To All Insuring Clauses, Section 2.f. does not apply to loss
    covered under this INSURING CLAUSE.  
 
 
 
This Endorsement applies to loss discovered after 12:01 a.m. on June 9, 2018.  
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

 

Date: July 23, 2018


ICAP Bond

Form 17-02-6282 (Ed. 11-04)


 

              FEDERAL INSURANCE COMPANY
              Endorsement No.: 8
              Bond Number: 82484952
NAME OF ASSURED: METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,
              INC.; AND TCW ALTERNATIVE FUNDS  
STOP PAYMENT ORDER OR REFUSAL TO PAY CHECK ENDORSEMENT
It is agreed that this Bond is amended as follows:  
1 .   By adding the following INSURING CLAUSE:  
    15 . Stop Payment Order or Refusal to Pay Check  
          Loss resulting directly from the ASSURED being legally liable to pay compensatory damages
          for:      
          a.   complying or failing to comply with notice from any customer of the ASSURED or any
              authorized representative of such customer, to stop payment on any check or draft made or
              drawn upon or against the ASSURED by such customer or by any authorized
              representative of such customer, or  
          b.   refusing to pay any check or draft made or drawn upon or against the ASSURED by any
              customer of the ASSURED or by any authorized representative of such customer.”
2 .   By adding the following Specific Exclusion:  
      “Section 4.A. Specific Exclusions – Applicable to INSURING CLAUSE 15  
      This Bond does not directly or indirectly cover:  
      a.   liability assumed by the ASSURED by agreement under any contract, unless such liability would
          have attached to the ASSURED even in the absence of such agreement,
      b.   loss arising out of:  
          (1 ) libel, slander, wrongful entry, eviction, defamation, false arrest, false imprisonment,
              malicious prosecution, assault or battery,  
          (2 ) sickness, disease, physical bodily harm, mental or emotional distress or anguish, or death
              of any person, or  
          (3 ) discrimination.”  
This Endorsement applies to loss discovered after 12:01 a.m. on June 9, 2018.  
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

 

Date: July 23, 2018


ICAP Bond

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


 

        ENDORSEMENT/RIDER
Effective date of    
this endorsement/rider: June 9, 2018 FEDERAL INSURANCE COMPANY
      Endorsement/Rider No. 9
      To be attached to and  
      form a part of Bond No. 82484952
 
Issued to: METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,
    INC.; AND TCW ALTERNATIVE FUNDS    
    AMEND DEFINITION OF FORGERY ENDORSEMENT  
In consideration of the premium charged, it is agreed that the definition of Forgery set forth in Section 1,
Definitions, of the Conditions and Limitations of this bond is deleted and replaced with the following:
Forgery means:    
(1 ) affixing the handwritten signature, or a reproduction of the handwritten signature, of another
    natural person without authorization and with the intent to deceive; or  
(2 ) affixing the name of an organization as an endorsement to a check without authority and with the
    intent to deceive.    
Provided, however, that a signature which consists in whole or in part of one’s own name signed with or
without authority, in any capacity, for any purpose is not a Forgery. An electronic or digital signature is
not a reproduction of a handwritten signature or the name of an organization.  
 
 
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and
conditions of coverage.    
All other terms, conditions and limitations of this Bond shall remain unchanged.  

 

14-02-21353 (11/2014) Page 1
<NYFTZFOOTER><NYFTZNOTICE>  

 


 

        ENDORSEMENT/RIDER
Effective date of    
this endorsement/rider: June 9, 2018 FEDERAL INSURANCE COMPANY
      Endorsement/Rider No. 10
      To be attached to and  
      form a part of Bond No. 82484952
Issued to: METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,
    INC.; AND TCW ALTERNATIVE FUNDS  
    DELETING VALUATION-OTHER PROPERTY AND AMENDING CHANGE OR MODIFICATION
ENDORSEMENT
In consideration of the premium charged, it is agreed that this Bond is amended as follows:
1 . The paragraph titled Other Property in Section 9, Valuation, is deleted in its entirety.
2 . The third paragraph in Section 16, Change or Modification, is deleted in its entirety and replaced with
    the following:    
    If this Bond is for a joint ASSURED, no change or modification which would adversely affect the
    rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been
    furnished to all insured Investment Companies and the Securities and Exchange Commission,
    Washington, D.C., by the COMPANY.    
 
 
The title and any headings in this endorsement/rider are solely for convenience and form no part of the
terms and conditions of coverage.    
All other terms, conditions and limitations of this Bond shall remain unchanged.  

 

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

Page 1


 

          FEDERAL INSURANCE COMPANY
          Endorsement No.: 11
          Bond Number: 82484952
NAME OF ASSURED: METWEST FUNDS; TCW STRATEGIC INCOME FUND, INC.; TCW FUNDS,
          INC.; AND TCW ALTERNATIVE FUNDS  
EXTENDED COMPUTER SYSTEMS ENDORSEMENT
It is agreed that this Bond is amended as follows:  
1 . By adding the following INSURING CLAUSE:  
    12. Extended Computer Systems  
    A. Electronic Data, Electronic Media, Electronic Instruction  
      Loss resulting directly from:  
      (1 ) the fraudulent modification of Electronic Data, Electronic Media or Electronic
          Instruction being stored within or being run within any system covered under this
          INSURING CLAUSE,  
      (2 ) robbery, burglary, larceny or theft of Electronic Data, Electronic Media or
          Electronic Instructions,  
      (3 ) the acts of a hacker causing damage or destruction of Electronic Data, Electronic
          Media or Electronic Instruction owned by the ASSURED or for which the
          ASSURED is legally liable, while stored within a Computer System covered under
          this INSURING CLAUSE, or  
      (4 ) the damage or destruction of Electronic Data, Electronic Media or Electronic
          Instruction owned by the ASSURED or for which the ASSURED is legally liable
          while stored within a Computer System covered under INSURING CLAUSE 12,
          provided such damage or destruction was caused by a computer program or
          similar instruction which was written or altered to intentionally incorporate a hidden
          instruction designed to damage or destroy Electronic Data, Electronic Media, or
          Electronic Instruction in the Computer System in which the computer program
          or instruction so written or so altered is used.  

 

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

 


 

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

 

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

 


 

2 . By adding to Section 1., Definitions, the following:
 
    bb. Communication Terminal means a teletype, teleprinter or video display terminal, or similar
      device capable of sending or receiving information electronically. Communication Terminal
      does not mean a telephone.
    cc. Electronic Communication System means electronic communication operations by Fedwire,
      Clearing House Interbank Payment System (CHIPS), Society of Worldwide International
      Financial Telecommunication (SWIFT), similar automated interbank communication systems,
      and Internet access facilities.
    dd. Electronic Data means facts or information converted to a form usable in Computer
Systems and which is stored on Electronic Media for use by computer programs.
    ee. Electronic Instruction means computer programs converted to a form usable in a Computer
      System to act upon Electronic Data.
 
    ff. Electronic Media means the magnetic tape, magnetic disk, optical disk, or any other bulk
      media on which data is recorded.
3 . By adding the following Section after Section 4., Specific Exclusions-Applicable to All INSURING
    CLAUSES except 1., 4., and 5.:
 
    Section 4.A. Specific Exclusions-Applicable to INSURING CLAUSE 12
 
    This Bond does not directly or indirectly cover:
 
    a. loss resulting directly or indirectly from Forged, altered or fraudulent negotiable instruments,
      securities, documents or written instruments used as source documentation in the preparation
      of Electronic Data;
    b. loss of negotiable instruments, securities, documents or written instruments except as
      converted to Electronic Data and then only in that converted form;
    c. loss resulting from mechanical failure, faulty construction, error in design, latent defect, wear or
      tear, gradual deterioration, electrical disturbance, Electronic Media failure or breakdown or
      any malfunction or error in programming or error or omission in processing;
    d. loss resulting directly or indirectly from the input of Electronic Data at an authorized electronic
      terminal of an Electronic Funds Transfer System or a Customer Communication System
      by a person who had authorized access from a customer to that customer's authentication
      mechanism; or
    e. liability assumed by the ASSURED by agreement under any contract, unless such liability would
      have attached to the ASSURED even in the absence of such agreement; or
 
    f. loss resulting directly or indirectly from:
 
      (1) written instruction unless covered under this INSURING CLAUSE; or
 
      (2) instruction by voice over the telephone, unless covered under this INSURING CLAUSE.

 

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

 


 

4 . By adding to Section 9., Valuation, the following:
 
    Electronic Data, Electronic Media, Or Electronic Instruction
 
    In case of loss of, or damage to, Electronic Data, Electronic Media or Electronic Instruction used
    by the ASSURED in its business, the COMPANY shall be liable under this Bond only if such items are
    actually reproduced form other Electronic Data, Electronic Media or Electronic Instruction of the
    same kind or quality and then for not more than the cost of the blank media and/or the cost of labor for
    the actual transcription or copying of data which shall have been furnished by the ASSURED in order to
    reproduce such Electronic Data, Electronic Media or Electronic Instruction subject to the
    applicable SINGLE LOSS LIMIT OF LIABILITY.
 
    However, if such Electronic Data can not be reproduced and said Electronic Data represents
    Securities or financial instruments having a value, then the loss will be valued as indicated in the
    SECURITIES and OTHER PROPERTY paragraphs of this Section.
 
 
 
 
This Endorsement applies to loss discovered after 12:01 a.m. on June 9, 2018.
 
 
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

 

Date: July 23, 2018


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

 


 

Important Notice:
 
 
 
The SEC Requires Proof of Your Fidelity Insurance Policy
 
Your company is now required to file an electronic copy of your fidelity insurance coverage
(Chubb’s ICAP Bond policy) to the Securities and Exchange Commission (SEC), according to
rules adopted by the SEC on June 12, 2006.
 
Chubb is in the process of providing your agent/broker with an electronic copy of your insurance
policy as well as instructions on how to submit this proof of fidelity insurance coverage to the
SEC. You can expect to receive this information from your agent/broker shortly.
 
The electronic copy of your policy is provided by Chubb solely as a convenience and does not
affect the terms and conditions of coverage as set forth in the paper policy you receive by mail.
The terms and conditions of the policy mailed to you, which are the same as those set forth in
the electronic copy, constitute the entire agreement between your company and Chubb.
 
If you have any questions, please contact your agent or broker.

 

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


 

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

 

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


AMENDED AND RESTATED JOINT INSURED BOND AGREEMENT

AGREEMENT dated as of March 29, 2015, between Metropolitan West Funds, TCW Alternative Funds, TCW Strategic Income Fund, Inc. and TCW Funds, Inc.

BACKGROUND

A.    Each of the parties to this Agreement is a management investment company (“Fund”) registered under the Investment company Act of 1940 (the “Act”).

B.    Rule 17g-1 under the Act requires each registered management investment company to provide and maintain in effect a bond against larceny and embezzlement by its officers and employees.

C.    Rule 17g-1 authorizes the parties hereto to secure a joint insured bond naming each of them as insureds.

D.    Each of the parties hereto is, or will be, named as an insured on a joint fidelity bond which has a term of one year commencing on or about February 29, 2015.

E.    A majority of the Boards of Directors of the respective parties hereto, who are not “interested persons’ of such party as defined by Section 2(a)(19) of the Act, have given due consideration to all factors relevant to the form, amount and ratable allocation of premiums of such joint insured bonds and each such governing body of the representative parties has approved the terms and amount of the bonds and the portion of the premiums payable by that party hereunder.

F.    Each party has determined that the allocation of the proceeds payable under the joint insured bonds as set forth herein (which takes into account the minimum amount of bond required for each party by Rule 17g-1 if it maintained a single insured bond) is equitable.

NOW, THEREFORE, the parties hereto, in consideration of the mutual covenants contained herein, hereby agree as follows:

1.    Joint Insured Bond.    Each party shall maintain in effect a joint fidelity insurance bond(s) (the “Bond”) from a reputable fidelity insurance company, authorized to do business in the place where the Bond is issued, insuring such party against larceny and embezzlement and covering such of its officers and employees who may, singly or jointly with others, have access, directly or indirectly, to its securities or funds. The Bond shall name each party as an insured and shall comply with the requirements for such bonds established by Rule 17g-1.

2.    Ratable Allocation of Premium.

a)    The premium will be allocated ratably among the Funds, provided, however, that should an increase in the Bond be required by reason of an increase in the gross assets of one or more Funds, each party hereto shall pay a share of the increased premium for the increased bond equal to such party’s increase in assets divided by the total increase in assets. With respect to named insureds that may be added to the bonds and this Agreement pursuant to Section 6 hereof subsequent to the inception date of the bonds, any such increases in gross assets for the purpose of this Section 2(a) shall be measured from $0 dollars and prorated from the inception date of coverage under the bonds.

b)    Notwithstanding the provision of Section 2(a), any additional premiums that may become due under any Bond as a result of the addition of a named insured thereunder pursuant to Section 6 hereof, which addition did not require an increase in the amount of any such Bond, shall be payable, with respect to the Funds’ portion of such premium, by the additional named insured.

3.    Ratable Allocation of Proceeds.

a)    If more than one of the parties sustains a single loss (including a loss sustained before the date hereof) for which recovery is received under the Bond, each such party shall receive that portion of the recovery which is sufficient in amount to indemnify that party in full for the loss sustained by it, unless the recovery is inadequate to fully indemnify all such parties sustaining a single loss.

b)    If the recovery is inadequate to fully indemnify all parties sustaining a single loss, the recovery shall b e allocated among such parties as follows:


  i.

Each such Fund sustaining a loss shall be allocated an amount equal to the lesser of its actual loss or the minimum amount of the fidelity bond which would be required to be maintained by such party under a single insured bond (determined as of the time of the loss in accordance with the provisions of Rule 17g-1).

 

  ii.

The remaining portion of the recovery (if any) shall be allocated to each party sustaining a loss not fully indemnified by the allocation under subparagraph (i) in the same proportion as the portion of each party’s loss which is not fully indemnified bears to the sum of the unindemnified losses of all such parties. If such allocation would result in any party receiving a portion of the recovery in excess of the loss actually sustained by it, the aggregate of such excess portions shall be allocated among the other parties whose losses would not be fully indemnified in the same proportion as the portion of each such party’s loss which is not fully indemnified bears to the sum of all of the unindemnified losses of all such parties. Any allocation in excess of a loss actually sustained by any party shall be reallocated in the same manner.

4.    Claims and Settlements. Each party shall, within five days after the making of any claim under the Bond, provide the other parties with written notice of the amount and nature of such claim. Each party shall, within five days after the receipt thereof, provide the other parties with written notice of the terms of settlement of any claim made under the Bond by such party. In the event that two or more parties shall agree to settlement with the fidelity company of a claim made under the Bond with respect to a single loss, such parties shall, within five days after settlement, provide any other party not a party to such claim with written notice of the amounts to be received by each claiming responsible for filing notices required by paragraph (g) of Rule 17g-1 under the Act shall give and receive any notice required hereby.

5.    Modifications and Amendments. Any party may increase the amount of the Bond. Such party must give written notice thereof to the other parties to this Agreement. If pursuant to Rule 17g-1 any party shall determine that the coverage provided pursuant to this Agreement should otherwise be modified, it shall so notify the other parties hereto, and indicate the nature of the modification which it believes to be appropriate. If, within 45 days of such notice, any necessary amendments to this Agreement shall not have been made and the request for modification shall not have been withdrawn, this Agreement shall terminate with respect to such party (except with respect to losses occurring prior to such termination). Any party may withdraw from this Agreement at any time and cease to be a party hereto (except with respect to losses occurring prior to such withdrawal) by giving written notice to the other parties of such withdrawal. Upon withdrawal, a withdrawing party shall be entitled to receive any portion of any premium rebated by the fidelity company with respect to such withdrawal.

6.    Additional Named Insureds. Any newly created investment company managed by a direct or indirect subsidiary of The TCW Group, Inc., and required to maintain a bond pursuant to Rule 17g-1 may be added as an additional named insured to the Bond and as an additional party to this Agreement upon execution of a Schedule I in the form attached to this Agreement as Exhibit A. Inclusion of such Company as a party to this Agreement shall be effective as of the date such company is added to the Bond as a named insured. No payment of any portion of the initial premiums shall be required of any additional named insured company, it being hereby agreed that any such reimbursement amount due to each of the other parties to this Agreement would be de minimis. Any additional premium due and payable as a result of, or subsequent to, addition of such investment company under the Bond shall be payable pursuant to the provisions of Section 3 hereof.

7.    Governing Law. This Agreement shall be construed in accordance with the laws of the State of California.

8.    No Assignment. This Agreement is not assignable.

9.    Notices. All notices and other communications hereunder shall be in writing and shall be addressed to the appropriate party at 865 South Figueroa Street, Los Angeles, CA 90017.

Certain of the Funds are comprised of Portfolios. All obligations of any of such respective Funds under this Agreement shall apply only on a Portfolio by Portfolio basis, and the assets of one Portfolio shall not be liable for the obligations of any other Portfolio.


IN WITNESS WHEREOF, each of the parties hereto has duly executed this Agreement as of the day and year first above written.

 

Metropolitan West Funds

/s/ Patrick Dennis                                             

 

Patrick Dennis

Assistant Secretary

TCW Funds, Inc.

/s/ Patrick Dennis                                             

 

Patrick Dennis

Assistant Secretary

TCW Strategic Income Fund, Inc.

/s/ Patrick Dennis                                             

 

Patrick Dennis

Assistant Secretary

TCW Alternative Funds

/s/ Patrick Dennis                                             

 

Patrick Dennis

Assistant Secretary


SCHEDULE I

to

AMENDED AND RESTATED JOINT INSURED BOND AGREEMENT

dated March 29, 2015

For the purpose of obtaining fidelity bond coverage under the joint insured bonds (“Bonds”) maintained by the parties to that certain Amended and Restated Joint Insured Bond Agreement dated March 29, 2015 (“Agreement”), the undersigned hereby certifies to all other parties to such Agreement (“Parties”) as follows:

 

  a)

That it is managed by a direct or indirect subsidiary of The TCW Group, Inc.;

 

  b)

That it is a regulated management investment company required to provide and maintain in effect a fidelity bond against larceny and embezzlement by its officers and employees by Rule 17g-1 under the Investment Company Act of 1940 (the “Act”);

 

  c)

That the company qualifies under the terms of Rule 17g-1 for inclusion as a named insured on the joint insured bonds maintained by the Parties;

 

  d)

That a majority of the Boards of Directors/Trustees/Managing General Partners of the company who are not “interested persons” of such party was defined by Section 2(a)(19) of the Act, have given due consideration to all factors relevant to the form, amount and ratable allocation of premiums of such joint insured bonds, and such governing body has approved the terms and amount of the bonds and the portion of the premiums payable by the company under the Agreement;

 

  e)

That the company has determined that the allocation of the proceeds payable under the joint insured bonds as set forth in the Agreement (which takes into account the minimum amount of bond required for each party by Rule 17g-1 if it maintained a single insured bond) is equitable;

The undersigned hereby requests to be added as a named insured under the Bonds maintained by the Parties and as a Party to the Agreement. The undersigned hereby agrees to be bound by all terms and provisions of the Agreement effective as of the date it is included as a named insured under the bonds.

Executed as of this 29th day of March, 2015.

 

[FUND NAME]

BY:

 

 

BY:

 

 


TCW FUNDS, INC.

TCW STRATEGIC INCOME FUND, INC.

CERTIFICATE OF THE ASSISTANT SECRETARY

The undersigned, Patrick W. Dennis, hereby certifies that he is the duly elected Assistant Secretary of TCW Funds, Inc. (“TFI”) and TCW Strategic Income Fund, Inc. (“TSI”), and further certifies the following recitals and resolutions were approved and adopted by all the members of the Boards of Directors of TFI and TSI at a meeting held on June 4, 2018, at which a quorum was at all times present, and that such resolutions have not been modified or rescinded and is in full force and effect as of the date hereof.

WHEREAS, the Independent Directors/Trustees have given due consideration to all information deemed reasonably relevant, necessary or appropriate by them regarding fidelity insurance coverage in the form of a joint insured bond (the “New Bond”) for TFI, TSI, TAF and MWF (the “TCW Funds”) issued by Chubb, including, among other things: (i) the value of the aggregate assets of the TCW Funds to which any covered person (as defined in Rule 17g-1(a) under the 1940 Act) may have access, (ii) the type and terms of the arrangements made for the custody and safekeeping of such assets, (iii) the nature of the securities in the TCW Funds’ investment portfolios, (iv) the number of other parties named as insureds under the New Bond, (v) the nature of the business activities of the other parties to the New Bond, (vi) the amount of the New Bond and the premium for such New Bond, (vii) the ratable allocation of the premium among the parties named as insureds, and (viii) the extent to which the share of the premium allocated to each participating TCW Fund is less than the premium that TCW Fund would have had to pay if it had procured and maintained a single insured bond; and

WHEREAS, the TCW Funds desire to establish criteria by which the premium for, and recoveries under, the New Bond shall be allocated among the parties; and

WHEREAS, the Boards satisfy the fund governance standards defined in Rule 0-1(a)(7) under the 1940 Act;

NOW, THEREFORE, BE IT

RESOLVED, that the Boards find that the coverage provided by the New Bond is reasonable and adequate to protect the TCW Funds against larceny or embezzlement by any covered persons and approves the amount, type, form and coverage of the New Bond issued by Chubb and naming as insured parties the TCW Funds in the aggregate amount of $6,100,000 for the period from June 9, 2018 through June 9, 2019; and

RESOLVED FURTHER, that the Boards hereby determine that the premium of not more than $11,590 for the New Bond (up to $9,703 allocated to MWF, up to $6 allocated to TAF, up to $1,850 allocated to TFI and up to $31 allocated to TSI) is fair and reasonable and that the premium be, and it hereby is, ratified and confirmed; and

RESOLVED FURTHER, that pursuant to Rule 17g-1 under the 1940 Act, the Boards find that the participation of the TCW Funds in the New Bond and payment by each participating TCW Fund of its allocated share of the premium for such New Bond is in the best interests of that TCW Fund, and is hereby ratified and confirmed by the Boards; and

RESOLVED FURTHER, that the officers of the TCW Funds are authorized and directed to execute and deliver the Amended and Restated Joint Bond Agreement setting forth the manner of disposition of any recovery received under the New Bond as required by Rule 17g-1(f) under the 1940 Act, in the form submitted to this meeting with such changes as such officers shall, with the advice of counsel, deem appropriate, any such determination to be conclusively evidenced by such execution and delivery; and


RESOLVED FURTHER, that the appropriate officers of the TCW Funds shall file or cause to be filed a copy of the New Bond, any necessary exhibits, and appropriate notices with the SEC in accordance with Rule 17g-1(g) under the 1940 Act; and

RESOLVED FURTHER, that the officers of the TCW Funds be, and each hereby is, authorized and directed to execute such documents, including an insurance agreement among insureds pursuant to Rule 17g-1(f) under the 1940 Act, with such modifications as the officers, on advice of counsel, shall deem appropriate consistent with the purposes and intent of the Boards, to make any and all payments, and to take such actions as may be necessary or appropriate to carry out the purposes and intent of the preceding resolutions, the execution and delivery of such documents or taking of such actions to be conclusive evidence of the Boards’ approval, and that all actions previously taken by the officers of the TCW Funds in connection with the New Bond be, and they hereby are, ratified and confirmed in all respects.

Dated: July 30, 2018

 

/s/ Patrick W. Dennis                                 

Patrick W. Dennis

Vice President and Assistant Secretary