AFL-CIO Labor Capital Partners has been engaged by Great Gray Trust Company LLC (“Great Gray”), trustee, to provide non-fiduciary investor and labor relations services in connection with the AFL-CIO Building Investment Trust (“BIT”) effective January 1, 2025.

BIT Fund Objectives

Primary: Generate competitive risk-adjusted returns through real estate investments that have the potential to offer the Trust current cash return, long-term capital appreciation, or both.

Collateral: Benefit the BIT’s investments by promoting positive labor relations and labor productivity while also creating union jobs and assuring organizational rights to employees through a three-pronged labor policy.

Service Providers

Important Disclosure

The AFL-CIO Building Investment Trust (the “BIT”, the “Trust”, or the “Fund”) is a bank collective investment trust for which Great Gray Trust Company, LLC. (“Great Gray”) serves as the trustee. The BIT is a bank collective investment fund; it is not a mutual fund. Great Gray maintains ultimate fiduciary authority over the management of, and investments made in, the BIT, and has retained RREEF America L.L.C., a Delaware limited liability company and affiliate of DWS Group, (“DWS”) as the investment sub-advisor to the BIT. The BIT and its units are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933, respectively. Great Gray licenses the ability to use the “AFL-CIO” name in the name of the Trust and in connection with the activities of the Trust, and pays the licensing fee out of Great Gray Trust Company’s corporate assets.

Effective January 1, 2025, Great Gray engaged and compensates AFL-CIO Labor Capital Partners, LLC (“LCP”), a Delaware limited liability company and indirect, wholly-owned subsidiary of the AFL-CIO Housing Investment Trust, to provide non-fiduciary services in connection with BIT. LCP does not act in a fiduciary capacity in relation to the BIT or its investors and does not guarantee the accuracy or completeness of information regarding the BIT provided by or at the direction of Great Gray as trustee. LCP does not provide advice or recommendations to investors in connection with BIT investments.

Investments in the BIT are not bank deposits or obligations of and are not insured or guaranteed by Great Gray, any bank, the FDIC, the Federal Reserve, or any other governmental agency. The BIT is a commingled investment vehicle, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the BIT.

Participation in a collective investment trust fund is limited primarily to qualified retirement plans and certain state or local government plans and is not available to IRAs, non-governmental health and welfare plans and, in certain cases, Keogh (H.R. 10) plans. Collective investment trust funds may be suitable investments for plan fiduciaries seeking to construct a well-diversified retirement savings program. Investors should consider the investment objectives, risks, charges, and expenses of any pooled investment fund carefully before investing.

Great Gray® and Great Gray Trust Company are service marks used in connection with various fiduciary and non-fiduciary services offered by Great Gray Trust Company, LLC.

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