0001099910-14-000162.txt : 20140821 0001099910-14-000162.hdr.sgml : 20140821 20140821155413 ACCESSION NUMBER: 0001099910-14-000162 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140821 DATE AS OF CHANGE: 20140821 EFFECTIVENESS DATE: 20140821 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AFL CIO HOUSING INVESTMENT TRUST CENTRAL INDEX KEY: 0000225030 IRS NUMBER: 526220193 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-59762 FILM NUMBER: 141057602 BUSINESS ADDRESS: STREET 1: 2401 PENNSYLVANIA AVENUE, NW STREET 2: SUITE 200 CITY: WASHINGTON STATE: DC ZIP: 20037 BUSINESS PHONE: 2023318055 MAIL ADDRESS: STREET 1: 2401 PENNSYLVANIA AVENUE, NW STREET 2: SUITE 200 CITY: WASHINGTON STATE: DC ZIP: 20037 0000225030 S000009768 AFL CIO HOUSING INVESTMENT TRUST C000026832 AFL CIO HOUSING INVESTMENT TRUST 497 1 aflcio_497.htm AFLCIO - 497 - MORNINGSTAR - HIT RANKS AS A 'TOP PERFORMER' FOR 2ND QUARTER aflcio_497.htm
Morningstar: HIT Ranks as a ‘Top Performer’ for 2nd Quarter

The AFL-CIO Housing Investment Trust received a Morningstar ranking as one of the “Top Performing Managers” in its category for the 1- and 5-year periods ending June 30, 2014.

The HIT ranked first in the 5-year period and fourth in the 1-year period in its category of commingled intermediate government fund managers. The HIT’s gross and net returns were, respectively, 4.98% and 4.52% for the 5-year period and 4.91% and 4.45% for the 1-year period ending June 30. Pensions & Investments reported the Morningstar ranking in its on-line report titled “Top Performing Managers by Category: Commingled Accounts, 2nd Quarter 2014,” dated August 18, 2014.
 
“The HIT’s strategy of investing in government/agency multifamily securities serves its investors well,” said Chang Suh, HIT’s Senior Executive Vice President and Chief Portfolio Manager. “These investments have helped the HIT achieve an income advantage over its benchmark, the Barclays Capital Aggregate Bond Index, as well as higher credit quality and similar interest rate risk versus the benchmark.”  For the first six months of 2014, the HIT’s gross and net returns of 4.42% and 4.19%, respectively, exceeded the benchmark by 49 and 26 basis points.

The Morningstar rankings are based on net returns for the 1- and 5-year periods ended June 30, 2014. In the HIT’s category of commingled intermediate government accounts, the rankings compared seven funds based on performance results self-reported to Morningstar. Pensions & Investments reported the “Commingled Accounts Intermediate Government” rankings based on information gathered by Morningstar in its global separate account/collective investment trust database, which compares fixed-income investment vehicles with a similar risk profile. Subscribers to Pensions & Investments may view the Morningstar “Top Performing Managers” rankings at: http://www.pionline.com/article/20140818/INTERACTIVE/306309999/top-performing-managers-by-category-commingled-accounts-2nd-quarter-2014

The HIT’s net returns for the 1-, 3-, 5-, and 10-year periods ending July 31, 2014, were 4.10%, 3.04%, 4.25%, and 4.80%, respectively. The performance data quoted represents past performance and is no guarantee of future results. Economic and market conditions change, and both will cause investment return, principal value, and yield to fluctuate so that a participant’s units, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available from the HIT’s website at www.aflcio-hit.com. Gross performance figures do not reflect the deduction of HIT expenses. Net performance figures reflect the deduction of HIT expenses and are the performance figures investors experience in the HIT. Information about HIT expenses can be found on page 1 of the HIT’s current prospectus. The Barclays Aggregate is an unmanaged index and is not available for direct investment, although certain funds attempt to replicate this index. Returns for the Barclays Aggregate would be lower if they reflected the actual trading costs or expenses associated with management of an actual portfolio.
 
 
 
 
 
 
 
Investors should consider the HIT’s investment objectives, risks, and charges and expenses carefully before investing. This and other information is contained in the HIT’s prospectus. To obtain a prospectus, call the HIT at 202-331-8055 or visit www.aflcio-hit.com. The prospectus should be read carefully before investing.