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      <NetUnrealizedGLOnInvestments>-22437</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>-22437</TotalAdjustments>
      <ExcessOrDeficitPerFS>-1329515</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>6753560</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>-22437</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>-22437</RevenueNotRptdF990>
      <RevenueSubtotal>6775997</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>22751</InvestmentExpensesNotIncluded>
      <RevenueNotRptdOnFinStmt>22751</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>6798748</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>8083075</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>8083075</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>22751</InvestmentExpensesNotIncluded2>
      <ExpensesNotRptdOnFinStmt>22751</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>8105826</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>ALL TRUSTEES ARE PROVIDED A COPY OF THE COMPLETED FORM BEFORE IT IS FILED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>PARTICIPANTS CAN REVIEW THE FUND'S DOCUMENTS AT THE FUND OFFICE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED LOSSES ON INVESTMENTS: -22,437.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>PART XI, LINE 2C</ReturnReference>
        <Explanation>THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>IRON WORKERS LOCAL 5</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>9100 OLD MARLBORO PIKE</AddressLine1>
          <City>UPPER MARLBORO</City>
          <State>MD</State>
          <ZIPCode>20772</ZIPCode>
        </AddressUS>
        <PrimaryActivities>UNION</PrimaryActivities>
        <LegalDomicileState>MD</LegalDomicileState>
        <ExemptCodeSection>501</ExemptCodeSection>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>IRON WORKERS LOCAL 5 AND IRON WORKERS EMPLOYERS ASSOC EMPLOYEES PENS TRUST</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>6009 OXON HILL ROAD</AddressLine1>
          <City>OXON HILL</City>
          <State>MD</State>
          <ZIPCode>20745</ZIPCode>
        </AddressUS>
        <PrimaryActivities>PENSION FUND</PrimaryActivities>
        <LegalDomicileState>MD</LegalDomicileState>
        <ExemptCodeSection>401</ExemptCodeSection>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>IRON WORKERS LOCAL 5 JOINT APPRENTICE AND TRAINING PROGRAM TRUST FUND</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>6009 OXON HILL ROAD</AddressLine1>
          <City>OXON HILL</City>
          <State>MD</State>
          <ZIPCode>20745</ZIPCode>
        </AddressUS>
        <PrimaryActivities>JOINT APPRENTICE AND TRAINING PROGRAM TRUST FUND</PrimaryActivities>
        <LegalDomicileState>MD</LegalDomicileState>
        <ExemptCodeSection>501</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>