The HIT has distinguished itself as a fixed-income investment manager with a specialization in an important market niche — multifamily finance. This specialization along with focused management of its portfolio of mortgage backed securities provides important advantages for pension plans seeking the benefits of a fixed-income investment.
With its focus on multifamily securities and its consistent history of competitive risk-adjusted returns, the HIT maintains a highly competitive position with respect to its industry benchmark.
To keep credit risk to a minimum, approximately 94 percent of the HIT's non-cash investments are Treasury/Agency quality insured or guaranteed by the U.S. government or a government-sponsored enterprise.
The HIT is an internally managed fund that actively seeks investments in newly originated multifamily securities, providing investors with important diversification within the fixed-income sector. Because it originates multifamily investments, the HIT is able to negotiate terms beneficial to its portfolio — such as prepayment protections — rather than simply buying and selling securities.
The HIT has developed an expert staff with a notable depth of knowledge in multifamily finance and portfolio management, as well as a deep commitment to the investment goals of union pension beneficiaries.
HIT investments generate numerous collateral benefits important to working people, such as creating union jobs, expanding the supply of affordable housing and promoting community development.
The HIT builds on nearly 50 years of experience in putting investment capital to work for union pension beneficiaries.
The HIT's investment record is described in detail in the section on Portfolio Performance.
For additional information on the Trusts investment objectives and performance, please call the HIT collect at (202) 331-8055 and ask to speak to the Marketing and Investor Relations Department. You may also request a copy of the Prospectus, which should be read carefully before investing.