Prospectus by Investment Company (Form 497)

The HIT has over 40 years of success in impact investing-generating competitive returns for eligible investors while also providing the vital collateral benefits of union jobs and affordable housing for working people. Since 1984, the HIT has maintained best in class labor polices to promote meaningful investment impacts nationwide:

$52.8 billion total economic impact*

Invested or allocated $11.7 billion nationally since inception in 1984,
financed 633 projects in 31 states and the District of Columbia

$22.7 billion in wages and benefits*

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* Includes projects receiving NMTC allocations by HIT subsidiary Building America CDE, Inc. Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and Building America project data. Data is current as of June 30, 2026. Economic impact data is in 2025 dollars and all other figures are nominal.

Work Generated for

[Trade Type]

Since Inception (1984-Present)*

* Includes projects receiving NMTC allocations by HIT subsidiary Building America CDE, Inc. Job and economic impact figures are estimates calculated using IMPLAN, an input-output model, based on HIT and Building America project data. Data is current as of June 30, 2026. Economic impact data is in 2025 dollars and all other figures are nominal. Building America is a portfolio investment of the HIT but, unless otherwise noted, its underlying projects are not held in the HIT's portfolio. Investors should consider the HIT's investment objectives, risks and expenses carefully before investing. Investors may view the HIT's current prospectus, which contains more complete information, on its website at www.aflcio-hit.com and may obtain a copy from the HIT by calling the Marketing and Investor Relations Department collect at 202-331-8055. Investors should read the current prospectus carefully before investing.