About Us — AFL-CIO HIT-DVF

HIT-DVF

The AFL-CIO Housing Investment Trust Daily Valued Fund (HIT-DVF) is a pro-labor investment option launched on April 1, 2016 and designed for 401(k) and other qualified defined contribution plans.

The HIT-DVF invests primarily in the AFL-CIO Housing Investment Trust (HIT), a mutual fund with a nearly 40-year track record of earning competitive fixed income returns while financing affordable and market-rate housing creating good-paying union construction jobs, and strengthening communities across the US. ¹

The HIT has earned the confidence of its investors with its combination of financial performance, credit quality, and social impact.

The HIT-DVF was created to provide participants in defined contribution plans with a daily-valued investment option consisting primarily of shares in the monthly-valued HIT.

The HIT-DVF's expense ratio is currently 35 basis points annually; it is expected to decrease over time as the HIT-DVF’s net assets grow.

Trustee

The HIT-DVF is a bank collective investment fund (CIF) sponsored by Hand Benefits & Trust Company (HB&T), a BPAS company, serving as bank trustee and ERISA fiduciary. ²

HB&T services $19.1 billion in total assets, including $19 billion in qualified plan assets.

For more information on HB&T, visit www.bpas.com/products/inst_trust_serv.htm

AFL-CIO HIT

The AFL-CIO Housing Investment Trust (HIT) is a fixed-income investment company registered with the Securities and Exchange Commission. Its investors include union and public employee pension plans and labor organizations. The HIT invests primarily in government and agency insured and guaranteed multifamily mortgage-backed securities. The HIT is one of the earliest practitioners of socially responsible impact investing, with a track record of nearly 40 years that demonstrates the added value derived from union-friendly investments. The investment objective of the HIT is to provide competitive returns for its investors and to promote the collateral objectives of constructing affordable housing and generating employment for union members in the construction trades and related industries.

For more information on the HIT, visit www.aflcio-hit.com.

¹ The HIT-DVF currently targets a portfolio allocation of approximately 65% shares of the HIT, 34% shares of a fixed-income index fund, and 1% cash.

² The HIT-DVF is not a mutual fund. Its shares are not deposits of Hand Benefits & Trust Company, a BPAS company and are not insured by the Federal Deposit Insurance Corporation or any other agency. The HIT-DVF is a security which has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Act of 1940.

The HIT-DVF is only available for investment by eligible qualified retirement plan investors.