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        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>ALL MEMBERS OF THE BOARD OF TRUSTEES RECEIVE A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING. THE BOARD OF TRUSTEES HAVE AUTHORIZED THE CO-CHAIRMEN TO SIGN THE RETURN AFTER THE REVIEW.</Explanation>
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      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE FUND COMPLIES WITH THE CONFLICT OF INTEREST REGULATIONS PROMULGATED BY ERISA. ALL CONFLICTS OF INTEREST, IF ANY, ARE REVEALED ON AN ANNUAL BASIS.</Explanation>
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      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE FUND WILL MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON AN INDIVIDUAL'S FORMAL REQUEST SUBMITTED TO THE FUND OFFICE. THE FUND COMPLIES WITH ALL SUCH ERISA PROVISIONS. FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.COM.</Explanation>
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        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
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        <EIN>516168953</EIN>
        <PrimaryActivities>ANNUITY BENEFITS</PrimaryActivities>
        <LegalDomicileState>DE</LegalDomicileState>
        <ExemptCodeSection>501(A)</ExemptCodeSection>
        <ControlledOrg>0</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>LABORERS PENSION FUND</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>650 NAAMANS ROAD SUITE 303</AddressLine1>
          <City>CLAYMONT</City>
          <State>DE</State>
          <ZIPCode>19703</ZIPCode>
        </AddressUS>
        <EIN>516024937</EIN>
        <PrimaryActivities>PENSION BENEFITS</PrimaryActivities>
        <LegalDomicileState>DE</LegalDomicileState>
        <ExemptCodeSection>501(A)</ExemptCodeSection>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>0</SharingOfFacilities>
      <SharingOfPaidEmployees>0</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>