Founded in February 2006, the CtW Investment Group works with pension funds sponsored by unions affiliated with Change to Win, a federation of unions representing 5.5 million members, to enhance long-term shareholder returns through active ownership. Members of CtW affiliates participate in Taft-Hartley plans with an estimated $217 billion in assets. Shareholder activism around corporate governance can enhance the assets of long-term investors - particularly those of worker funds that are broadly diversified across the whole market. In addition, activities intended to monitor or influence the management of portfolio companies are consistent with a fiduciary's obligations under ERISA. The CtW Investment Group, therefore, develops strategies and initiatives to support efforts by trustees and their pension funds to be responsible active owners. The CtW Investment Group is not named fiduciary for any pension or other fund or plan, nor does it render investment advice. The CtW Investment Group does not exercise or seek to exercise any discretionary authority or discretionary control regarding management of any plan, disposition of any plan assets, proxy voting decisions, appointment of plan trustees, or any other aspect of plan management or administration. Although CtW Investment Group strategies and initiatives are thoroughly reviewed for compliance with applicable laws and regulations, the law requires trustees and other fiduciaries to conduct their own review and make independent decisions before implementing or adopting any of these strategies or initiatives.