Active Equity

Since 1999, the ASB Large Cap Core Equity strategy has implemented a disciplined, repeatable process in an effort to exceed the returns of the S&P 500 with less risk. Through our institutional platform, we invest in a concentrated portfolio of diversified companies that we believe offer an opportunity to outperform over a full market cycle.

All investments contain risk of underperformance and loss. Past performance is not necessarily indicative of future results.

The ASB Labor Equity Index Fund is a collective investment fund available to qualified pension plans.

The objective of the Fund is to provide investment returns similar to those of the S&P 500 Composite index, which contains the shares of 500 of the largest companies traded. Stocks in the Fund's portfolio are not actively traded, resulting in low fees and expenses.

Features of the Fund include:

• Low annual investment management fee
• Low expenses
• Diversification
• Proxy voting and shareholder activism that promote good corporate governance, in line with the AFL-CIO Proxy Voting Guidelines
• Minimum initial investment of only $1 million

The IBEW-NECA collective investment fund is available to certain tax qualified pension benefit trust funds that, along with other participants, cover: (i) IBEW-represented employees; (ii) employees of the IBEW or of NECA; (iii) employees of entities related to the IBEW or NECA ("Pension Trusts").The objective of the Fund is to provide investment returns similar to those of the S&P 500 Composite index, which contains the shares of 500 of the largest companies traded. Stocks in the Fund's portfolio are not actively traded, resulting in low fees and expenses.Features of the Fund include:

• Diversification
• Low annual fee
• Pro-active proxy tracking and voting
• Minimum initial investment of only $250,000