Introduction Important Information Investment Fund Information Brochure (PDF) Investment Fund Overview (PDF) Account Information / Fund Allocation Change Form (PDF)

Introduction

VEBA participants may invest their account by choosing either one of two options: Option A:  Do-it-yourself Build your own asset allocation portfolio using funds from among six individual asset classes. Below is a list of the six asset classes and underlying investment funds available to participants who choose Option A. To view a fund fact sheet or prospectus for each investment option, click on the investment fund name below each asset class. Stable Value Dwight Separate Account (1) Total Return Bond PIMCO Total Return (Institutional) Large Cap Equity Vanguard Institutional Index (Institutional) Mid Cap Equity Touchstone Mid Cap (Class Y) Small Cap Equity Champlain Small Company (Advisor) International Equity Julius Baer International Equity II (Class I) (1) The Stable Value Dwight Separate Account is a portfolio of assets managed by Dwight Asset Management exclusively for the VEBA Trust. Unlike a mutual fund, it is not publicly traded and is available only to VEBA participants. Therefore, when investing in the Stable Value fund a share class designation is not applicable. For information on Dwight Asset Management, please visit www.dwight.com. Option B:  Choose a pre-mix Select one of four professionally designed pre-mixed asset allocation portfolios with a risk tolerance based on your projected time horizon (i.e. the length of time until you expect to begin filing claims). Participants not wanting to build their own portfolio can instead choose Option B and select any one of four professionally designed pre-mixed asset allocation portfolios. Immediate Use (begin to file claims within 0-1 years) Short-term Use (begin to file claims within 2-3 years) Medium-term Use (begin to file claims within 4-5 years) Long-term Use (begin to file claims within 6+ years) The VEBA Trust Investment Fund Overview is updated quarterly on this website.  You will need Adobe Acrobat Reader to view and print the forms and documents listed above.

Important Information

Contributions Contributions received by the 25th of the month are held in a short-term investment fund (STIF) until the first business day of the following month, and then allocated per your current investment fund allocation election on file with the TPA. If no investment fund allocation election is on file, funds will be allocated to the Stable Value fund.   Transfers You may transfer among the investment funds monthly. You can make fund transfer requests online at www.veba.org or by submitting a completed and signed Account Information/Fund Allocation Change Form to the TPA. Transfer requests received by the 25th of a given month will become effective on the first business day of the following month. If more than one transfer request is received during the month, only the most recent will be processed.   Withdrawals If your account is allocated among multiple investment funds, withdrawals will be made pro-rata based on your current account balance in each fund, unless you request otherwise.   Investment Risk The Stable Value fund is invested among interest-bearing guaranteed investment contracts (GICs) and is the most conservative fund choice. The remaining funds are invested in securities that will fluctuate in value on a monthly basis, and withdrawals from these funds may be worth more or less than your original employer contribution.     Should your investment objectives change, you should reevaluate your fund selection(s) and make appropriate changes. Remember, any investment that contains stock market investments entails the risk of loss. We must stress that investment returns, particularly over shorter time horizons, are highly dependent on trends in various investment markets. Thus, investing in stocks and bonds is suitable primarily as a longer-term strategy and should not be used by participants who will begin filing claims immediately.   Using Multiple Investment Funds You may use a single fund or multiple funds when creating your do-it-yourself portfolio. You may choose only one pre-mixed portfolio. You may not choose both a do-it-yourself portfolio and a pre-mixed portfolio.   fund management expenses Fund management expenses vary from fund to fund. Each investment fund’s expense ratio can be found on the VEBA Trust Investment Fund Overview updated quarterly at www.veba.org, or by visiting each fund’s respective website.   Investment Advice Please read the available investment information carefully and consult with your personal financial advisor before making an investment decision. The trustees, plan consultant, and third-party administrator do not give investment advice.

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