Excess Account Protection

BNY Mellon Pershing Strength and Stability

Since 1939, BNY Mellon Pershing has been a leading provider of financial business solutions focused on the segregation, safekeeping, servicing, and reporting of client assets in their custody. Please refer to BNY Mellon Pershing’s Statement of Financial Condition for additional information.

BNY Mellon Pershing’s parent company, BNY Mellon, has a capitalization of approximately $34.2 billion as of June 30, 2020, and holds $37.3 trillion in assets under custody and administration as of June 30, 2020. Please refer to BNY Mellon’s website for current financial statements and reports

Excess of SIPC Coverage

The Securities Investor Protection Corporation (SIPC®) provides account protection up to $500,000 in value, including $250,000 in cash awaiting reinvestment. SIPC provides protection for brokerage firms against losses should a SIPC member firm fail financially and become unable to meet obligations of its securities clients. More information about the protection of account assets through SIPC is available at www.sipc.org. BNY Mellon Pershing and Bolton Global Capital are SIPC member firms.

In addition to SIPC protection, BNY Mellon Pershing provides additional coverage from Lloyd’s of London in conjunction with other insurers. The excess of SIPC coverage provides protection for assets held in custody by BNY Mellon Pershing (and its London-based affiliate, Pershing Securities Ltd.) up to an aggregate loss limit of $1 billion for eligible securities over all client accounts and a per-client loss limit of $1.9 million for cash awaiting reinvestment within the aggregate loss limit of $1 billion.

Neither SIPC nor excess of SIPC coverage protects against loss due to market fluctuation of investments. BNY Mellon Pershing’s excess of SIPC coverage is provided by Lloyd’s of London in conjunction with XL Specialty Insurance Co., Axis Specialty Europe Ltd., Great Lakes Reinsurance (UK) PLC and Ironshore Specialty Insurance Co.