Investment Returns

The S&P 500 is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and Standard & Poor’s Financial Services LLC, an affiliate of S&P, and has been licensed for use by Chevy Chase Trust Company and ASB Investment Management, a division of ASB Capital Management, LLC. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Chevy Chase Trust Company and ASB Investment Management, a division of ASB Capital Management, LLC. S&P® or S&P 500® are trademarks of the Standard & Poor’s Financial Services LLC, an affiliate of S&P, and have been licensed for use by SPDJI and Chevy Chase Trust Company and ASB Investment Management, a division of ASB Capital Management, LLC. The AFL-CIO Equity Index Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or Standard & Poor’s Financial Services LLC, an affiliate of S&P, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.

The decision to participate in the AFL-CIO Equity Index Fund must be made by the trustees of each individual plan after reviewing all available information. The AFL-CIO is not an investment advisor or investment manager, and does not have any intention of, and shall not be deemed to be, advising any plan, its trustees, its participants or its beneficiaries regarding the making of an investment in the Index Fund. Moreover, the AFL-CIO makes no representation or warranty, express or implied, as to the results to be obtained by the Fund or any investor in the Fund.

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