TY 2021 Form 990

- TIN:

Form990

Department of the TreasuryInternal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

A For the 2021 calendar year, or tax year beginning 01-01-2021 , and ending 12-31-2021

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
UAW RETIREE MEDICAL BENEFITS TRUST

% GARON MEIKLE

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
1155 BREWERY PARK BLVD STE 400

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI48207

D Employer identification number

90-0424876

E Telephone number

G Gross receipts $ 213,833,861,506

F Name and address of principal officer:
GARON MEIKLE
1155 BREWERY PARK BLVD STE 400
DETROIT,MI48207

Tax-exempt status: 501(c)(3) 501(c) ( 9 ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

N/A

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. See instructions.

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 2008

M State of legal domicile: MI

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: TO ADMINISTER FUNDS FOR POST-RETIREMENT MEDICAL BENEFITS. THE PRIMARY MISSION OF THE TRUST IS TO SERVE AS A SOURCE FOR RETIREE HEALTH CARE COVERAGE FOR ITS MEMBERS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	11
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	11
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	150
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	70,208,989
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	52,571,254

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	876,463,181	901,722,823
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	2,989,089,248	6,294,851,172
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	189,177,346	426,786,765
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	4,054,729,775	7,623,360,760
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	3,241,073,583	3,339,886,396
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	31,520,204	30,884,617
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	569,359,028	522,689,813
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	3,841,952,815	3,893,460,826
19	Revenue less expenses. Subtract line 18 from line 12.......	212,776,960	3,729,899,934
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	68,954,754,739	72,208,550,274
21	Total liabilities (Part X, line 26).............	6,143,464,154	6,639,931,697
22	Net assets or fund balances. Subtract line 21 from line 20.....	62,811,290,585	65,568,618,577

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name MediumBullet

Firm's EIN MediumBullet

Firm's address MediumBullet

Phone no.

May the IRS discuss this return with the preparer shown above? (see instructions) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2021)

Form 990 (2021)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III..............

Briefly describe the organization’s mission: THE UAW RETIREE MEDICAL BENEFITS TRUST (THE "TRUST") IS A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION ("VEBA") ORGANIZED TO HOLD, INVEST, AND ADMINISTER FUNDS FOR POST-RETIREMENT MEDICAL BENEFITS. THE PRIMARY MISSION OF THE TRUST IS TO SERVE AS A SOURCE FOR RETIREE HEALTH CARE COVERAGE FOR ITS MEMBERS.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 0 including grants of $ 0 ) (Revenue $ 901,722,823 )
	THE UAW RETIREE MEDICAL BENEFITS TRUST (THE "TRUST") IS GOVERNED BY AN 11-PERSON COMMITTEE COMPRISED OF SIX INDEPENDENT MEMBERS AND FIVE MEMBERS APPOINTED BY THE UAW. ADDITIONAL SUBCOMMITTEES OF THE COMMITTEE EXIST FOR PLAN ADMINISTRATION, INVESTMENT, AND AUDIT. ALL COMMITTEE MEMBERS AND TRUST STAFF ADHERE TO A STRICT CODE OF ETHICS. THE PURPOSE OF THE TRUST IS TO SERVE AS A SOURCE FOR RETIREE HEALTHCARE COVERAGE FOR ITS MEMBERS. SEPARATE TRUST ACCOUNTS ARE MAINTAINED FOR EACH AUTO PLAN (GM, FORD, AND CHRYSLER) FROM WHICH BENEFITS ARE PAID. WHEN THE TRUST LAUNCHED IN JANUARY 2010, IT BECAME THE LARGEST NON-GOVERNMENTAL PURCHASER OF RETIREE HEALTHCARE IN THE UNITED STATES, PROVIDING HEALTHCARE BENEFITS TO MORE THAN 860,000 PEOPLE. IN 2021, THE TRUST PROVIDED COVERAGE FOR OVER 580,000 MEMBERS. THE TRUST CONTINUES TO SERVE ITS MISSION OF PROVIDING HEALTHCARE BENEFITS TO RETIREES AND REVIEWS THE BENEFIT DESIGN EACH YEAR TO MAKE ANY ADJUSTMENTS NECESSARY. IN 2021, THE TRUST PAID APPROXIMATELY $3.9 BILLION PROVIDING HEALTHCARE FOR ITS RETIREES AND DEPENDENTS, INCLUDING FILLING OVER 15.2 MILLION PRESCRIPTIONS FOR MEMBERS DURING THE PLAN YEAR. SINCE ITS LAUNCH, THE TRUST HAS MADE GREAT STRIDES IN FINDING WAYS TO CONTROL COSTS WHILE IMPROVING HEALTHCARE BENEFITS. FOR 2021, THE TRUST WAS PLEASED TO MAINTAIN BENEFIT LEVELS WITH NO COST INCREASES FOR MEMBERS. IN ADDITION TO NO CHANGES IN COST SHARE, THE TRUST ENHANCED COVERAGE FOR MENTAL HEALTH AND SUBSTANCE ABUSE SERVICES, AS WELL AS ADDED TELEHEALTH COVERAGE FOR ALL HEALTH PLANS. THE TRUST MEMBERSHIP IS GEOGRAPHICALLY AND DEMOGRAPHICALLY DIVERSE. THE TRUST MAINTAINS ROBUST COMMUNICATION WITH MEMBERSHIP IN ORDER TO OPERATE IN A TRANSPARENT FASHION. THE GOAL IS TO KEEP BENEFICIARIES INFORMED ON THE TRUST ACTIVITIES, AS WELL AS THE BENEFITS PROVIDED BY THE TRUST. THE TRUST AND CARRIERS SENT A SERIES OF COMMUNICATIONS TO MEMBERS REGARDING 2021 AND 2022 ENROLLMENT AND PLAN OFFERINGS. RETIREE HEALTH CARE CONNECT, THE CALL CENTER FOR TRUST MEMBERS, HANDLED MORE THAN 270,000 CALLS, FROM MEMBERS AND UNION BENEFIT REPRESENTATIVES, IN 2021. A SERIES OF PRINTED MAILINGS WERE DISTRIBUTED BY THE TRUST TO OVER 400,000 CONTRACT HOLDER PARTICIPANTS DURING 2021. THESE MAILINGS UPDATE THE TRUST MEMBERSHIP ON BENEFITS PROVIDED BY THE TRUST AND INFORMATION REGARDING THE TRUST'S FINANCIAL POSITION. TRUST PARTNERS ALSO COMMUNICATED DIRECTLY WITH MEMBERS, ON BEHALF OF THE TRUST, REGARDING BENEFITS, PREVENTION, CHRONIC CONDITIONS AND DISEASE MANAGEMENT WHERE APPROPRIATE. ADDITIONALLY, MEMBERS WITH SPECIFIC GAPS IN CARE WERE SENT COMMUNICATIONS ENCOURAGING THEM TO TAKE PREVENTIVE MEASURES TO MANAGE THEIR CONDITION(S), IMPROVE THEIR HEALTH STATUS, AND ENGAGE WITH THEIR PRIMARY CARE PHYSICIAN. THE TRUST CONTINUES TO LEVERAGE COMMUNICATION FORMATS TO COMPLEMENT MAILINGS, INCLUDING THE TRUST-BRANDED WEBSITE (WWW.UAWTRUST.ORG) AND VIDEOS. FOR A SECOND YEAR, THE MEMBER EXPERIENCE TEAM WAS UNABLE TO TRAVEL TO IN-PERSON RETIREE MEETINGS DUE TO THE COVID-19 PANDEMIC. TO SUPPORT MEMBERS, THE TEAM HELD VIRTUAL SESSIONS-VIA ZOOM AND DIAL-IN CALLS-TO INFORM MEMBERS OF 2022 ANNUAL BENEFIT CHANGES AND OTHER INFORMATION. THE TEAM HOSTED APPROXIMATELY 60 SESSIONS ATTENDED BY MORE THAN 8,000 MEMBERS. MOST MEMBERS FOUND THE ZOOM PLATFORM EASY TO USE AND REPORTED A 90% SATISFACTION RATE FROM SURVEY RESPONSERS.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses0

Form 990 (2021)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A.....................

Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. ...

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II.........

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III..

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

.........................

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

....

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part III Click to see attachment

..............

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

..............

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V Click to see attachment

......

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

.......

11b

Yes

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

............

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

11f

Yes

12a

Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII Click to see attachment

......................

12a

Yes

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

12b

Yes

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

Yes

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment

14b

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV..... Click to see attachment

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....

Form 990 (2021)

Page 4

Part IV

Checklist of Required Schedules (continued)

Yes

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............

24a

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................

25b

Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........

Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?

If "Yes," complete

Schedule L, Part III.........................

Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................

28a

A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....

28b

A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............ Click to see attachment

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1......................... Click to see attachment

Yes

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

Yes

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ... Click to see attachment

35b

Yes

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI Click to see attachment

Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Part V

Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........

Yes

Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..

Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Form 990 (2021)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance (continued)

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

150

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. See instructions.

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

Yes

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

Yes

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..

Yes

If "Yes," enter the name of the foreign country: MediumBullet

AR , AS , BA , BG , BD , BC , BR , CJ , CI , CH
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........

Sponsoring organizations maintaining donor advised funds.

Did the sponsoring organization make any taxable distributions under section 4966?........

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.

Yes

Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.

Section 501(c)(21) organizations. Did the trust, any disqualified person, or mine operator engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.

Form 990 (2021)

Page 6

Part VI

Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Yes

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

Yes

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Yes

Section C. Disclosure

List the states with which a copy of this Form 990 is required to be filed MediumBullet

Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

GARON MEIKLE1155 BREWERY PARK BLVD SUITE 400 DETROIT,MI48207 (313) 324-5900

Form 990 (2021)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the
organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)				(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) HERSHEL HARPER...................................................................... CHIEF INVESTMENT OFFICER	60.0 ................. 0.0		X			1,674,491	0	47,404
(2) MALCOLM GOEPFERT...................................................................... DEPUTY CHIEF INVEST. OFFICER	60.0 ................. 0.0			X		1,416,373	0	44,071
(3) BRIAN WACHOB...................................................................... SR. MANAGING DIRECTOR	60.0 ................. 0.0				X	940,210	0	59,220
(4) BRIAN GIMOTTY...................................................................... MANAGING DIRECTOR	60.0 ................. 0.0				X	949,029	0	48,396
(5) DEBRA RITTENOUR...................................................................... CHIEF EXECUTIVE OFFICER	60.0 ................. 0.0		X			905,203	0	34,084
(6) CAMERON HAMILTON-WRIGHT...................................................................... DIRECTOR-PORTFOLIO STRATEGY	60.0 ................. 0.0				X	650,223	0	41,794
(7) GINA BUCCALO...................................................................... CHIEF MEDICAL OFFICER	60.0 ................. 0.0				X	562,238	0	44,071
(8) BRIAN BAUMHOVER...................................................................... DIRECTOR-REAL ASSETS	60.0 ................. 0.0				X	546,429	0	41,793
(9) RONALD BERRY...................................................................... ACTING CHIEF FINANCIAL OFFICER	60.0 ................. 0.0		X			492,125	0	0
(10) GARON MEIKLE...................................................................... CONTROLLER (CFO AS OF 2022)	60.0 ................. 1.0			X		415,360	0	38,900
(11) LINDA DENOMME...................................................................... CHIEF LEGAL OFFICER	60.0 ................. 1.0			X		386,933	0	26,936
(12) ROBERT NAFTALY...................................................................... COMMITTEE CHAIR	3.0 ................. 0.0	X				69,211	0	0
(13) WILLIAM PATTERSON...................................................................... COMMITTEE MEMBER	2.0 ................. 0.0	X				65,384	0	0
(14) DOUGLAS WOLL MD...................................................................... COMMITTEE MEMBER	2.0 ................. 0.0	X				60,367	0	0
(15) DAVID BAKER LEWIS...................................................................... COMMITTEE MEMBER	2.0 ................. 0.0	X				60,337	0	0
(16) TERESA GHILARDUCCI...................................................................... COMMITTEE MEMBER	2.0 ................. 0.0	X				57,843	0	0
(17) GERALD BANTOM...................................................................... COMMITTEE MEMBER	2.0 ................. 0.0	X				37,743	0	0

Form 990 (2021)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) MARK ANSON........................................................................ COMMITTEE MEMBER	2.0 .......................0.0	X		0	0	0
(19) RAY CURRY........................................................................ COMMITTEE MEMBER	2.0 .......................0.0	X		0	0	0
(20) CYNTHIA ESTRADA........................................................................ COMMITTEE MEMBER	2.0 .......................0.0	X		0	0	0
(21) RORY GAMBLE........................................................................ COMMITTEE MEMBER UNTIL 6/30/21	2.0 .......................0.0	X		0	0	0
(22) GERALD KARIEM........................................................................ COMMITTEE MEMBER UNTIL 6/30/21	2.0 .......................0.0	X		0	0	0
(23) CHUCK BROWNING........................................................................ COMMITTEE MEMBER AS OF 7/1/21	2.0 .......................0.0	X		0	0	0
(24) TERRY DITTES........................................................................ COMMITTEE MEMBER AS OF 7/1/21	2.0 .......................0.0	X		0	0	0
(25) STATE STREET BANK TRUST........................................................................ INSTITUTIONAL TRUSTEE	2.0 .......................0.0		X	0	0	0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	9,289,499	0	426,669

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
BLUE CROSS BLUE SHIELD OF MICHIGAN, 600 E LAFAYETTE AVE DETROIT,MI48266	CLAIMS ADMN SRVCS	72,322,760
MEDCO HEALTH SOLUTIONS INC, 3585 ATLANTA AVENUA HAPEVILLE,GA30354	CLAIMS ADMN SRVCS	36,653,663
NEW MOUNTAIN CAPITAL LLC, 1633 BROADWAY 47TH FLOOR NEW YORK,NY10019	INVESTMENT MGMT SRVS	21,672,061
KAYNE ANDERSON, 1800 AVENUE OF THE STARS LOS ANGELES,CA90067	INVESTMENT MGMT SRVS	21,008,781
TEMPO HOLDING COMPANY LLC, 245 PARK AVENUE NEW YORK,NY10154	ELIGIBILITY ADMN SRV	18,222,683
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 162

Form 990 (2021)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII.............

(A)
Total revenue

(B)
Related or
exempt
function
revenue

(D)
Revenue
excluded from
tax under sections
512 - 514

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		0

		Business Code
2a	EGWP FEDERAL SUBSIDY	525100	855,000,257	855,000,257
b	PARTICIPANT CONTRIBUTIONS	525100	46,722,566	46,722,566
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		901,722,823

3 Investment income (including dividends, interest, and othersimilar amounts) ......			929,949,002		70,208,989	859,740,013
4 Income from investment of tax-exempt bond proceeds			0
5 Royalties...........			0
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)	0	0	6c
d	Net rental income or (loss).......			0
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		211,575,402,916	7a
b	Less: cost or other basis and sales expenses		206,210,500,746	7b
c	Gain or (loss)		5,364,902,170	7c
d	Net gain or (loss).........			5,364,902,170			5,364,902,170
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a	0
b	Less: direct expenses ...		8b	0
c	Net income or (loss) from fundraising events..			0
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a	0
b	Less: direct expenses ...		9b	0
c	Net income or (loss) from gaming activities..			0
10a	Gross sales of inventory, less returns and allowances ..
			10a	0
b	Less: cost of goods sold ..		10b	0
c	Net income or (loss) from sales of inventory..			0
Business Code			Miscellaneous Revenue
11a	INCOME ON ALT. INVESTMENTS		523000	412,640,248			412,640,248
b	OTHER INVESTMENT INCOME		523000	12,188,453			12,188,453
c	SECURITIES LENDING		523000	1,958,064			1,958,064
d	All other revenue ....
e	Total. Add lines 11a–11d ......			426,786,765
12	Total revenue. See instructions.....			7,623,360,760	901,722,823	70,208,989	6,651,428,948

Form 990 (2021)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	0
4	Benefits paid to or for members .......	3,339,886,396
5	Compensation of current officers, directors, trustees, and key employees ...........	5,931,491
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	0
7	Other salaries and wages........	20,547,344
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	1,440,174
9	Other employee benefits .......	1,558,647
10	Payroll taxes ...........	1,406,961
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	1,390,446
c	Accounting ...........	3,342,614
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	190,647,743
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	153,217,324
12	Advertising and promotion ....	0
13	Office expenses .......	599,718
14	Information technology ......	6,438,712
15	Royalties ..	0
16	Occupancy ...........	1,478,917
17	Travel ............	25,356
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	321,214
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	0
23	Insurance ...	2,867,139
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	INVESTMENT FUND EXPENSE	147,179,311
b	LIQUID INV. FOREIGN TAX	8,007,695
c	FED AND STATE UBIT	6,098,198
d	ACA FEES	741,245
e	All other expenses	334,181
25	Total functional expenses. Add lines 1 through 24e	3,893,460,826
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2021)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........			0	1	0
2	Savings and temporary cash investments .........			6,096,264,619	2	3,002,822,139
3	Pledges and grants receivable, net ......			0	3	0
4	Accounts receivable, net .............			654,511,134	4	918,302,073
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			0	7	0
8	Inventories for sale or use ............			0	8	0
9	Prepaid expenses and deferred charges ......			2,597,578	9	2,613,851
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	6,887,119
b	Less: accumulated depreciation	10b	6,887,119		10c
11	Investments—publicly traded securities .			36,761,399,589	11	42,448,926,097
12	Investments—other securities. See Part IV, line 11 .....			22,210,890,383	12	22,250,022,433
13	Investments—program-related. See Part IV, line 11 ..			0	13	0
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			3,229,091,436	15	3,585,863,681
16	Total assets. Add lines 1 through 15 (must equal line 33)...			68,954,754,739	16	72,208,550,274

17	Accounts payable and accrued expenses .....	363,116,400	17	211,610,798
18	Grants payable ...	0	18	0
19	Deferred revenue .........	174,859	19	210,014
20	Tax-exempt bond liabilities .........	0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21	0
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	0	23	0
24	Unsecured notes and loans payable to unrelated third parties ..	0	24	0
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	5,780,172,895	25	6,428,110,885
26	Total liabilities. Add lines 17 through 25..	6,143,464,154	26	6,639,931,697

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	62,811,290,585	27	65,568,618,577
28	Net assets with donor restrictions ...........	0	28	0
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	62,811,290,585	32	65,568,618,577
33	Total liabilities and net assets/fund balances ........	68,954,754,739	33	72,208,550,274

Form 990 (2021)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI..............

Total revenue (must equal Part VIII, column (A), line 12) ............

7,623,360,760

Total expenses (must equal Part IX, column (A), line 25) ............

3,893,460,826

Revenue less expenses. Subtract line 2 from line 1 ..............

3,729,899,934

Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..

62,811,290,585

Net unrealized gains (losses) on investments ...............

-972,571,942

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))

65,568,618,577

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII.............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Form 990 (2021)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

UAW RETIREE MEDICAL BENEFITS TRUST

Employer identification number

90-0424876

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements	325,161	325,161
d	Equipment ....	77,066	77,066
e	Other .....	6,484,892	6,484,892
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) PARTNERSHIP INVESTMENTS	1,936,209,226	F
(B) REAL ESTATE AND REAL ASSETS	6,757,027,052	F
(C) PRIVATE EQUITY INVESTMENTS	6,690,971,057	F
(D) PRIVATE CREDIT INVESTMENTS	6,865,815,098	F
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	22,250,022,433

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes	0
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	6,428,110,885
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2021

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	6,680,913,919
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	-972,571,942
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	30,125,101
e	Add lines 2a through 2d .....................			2e	-942,446,841
3	Subtract line 2e from line 1..................			3	7,623,360,760
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	7,623,360,760

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	3,893,741,961
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d	281,135
e	Add lines 2a through 2d....................			2e	281,135
3	Subtract line 2e from line 1...................			3	3,893,460,826
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	3,893,460,826

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART X, LINE 2	TEXT OF FIN 48 (ASC 740) FOOTNOTE U.S. GAAP REQUIRE TRUST MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THETRUST AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE TRUST HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE US GOVERNMENT AND STATE OF MICHIGAN (OR OTHER STATES APPLICABLE). MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE TRUST AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2021 AND 2020, THERE WERE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE TRUST IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, NO AUDITS FOR ANY TAX PERIODS ARE CURRENTLY IN PROGRESS. THE TRUST ADMINISTRATOR BELIEVES THE 2018 THROUGH 2021 TAX YEARS ARE OPEN TO TAX EXAMINIATIONS. --------------------
PART XI, LINE 2D	DETAIL OF OTHER ADJUSTMENTS INCOME ON REAL INVESTMENTS $ 3,938,874 REALIZED GAIN ON FOREIGN CURRENCY 880 UNREALIZED GAINS/(LOSSES) - UK HOLDCO 26,185,347 ----------- TOTAL TO SCHEDULE D, PART XI, LINE 2D $30,125,101 --------------------
PART XII, LINE 2D	DETAIL OF OTHER ADJUSTMENTS CIO INVESTMENT MANAGEMENT FEES $ (330,993) BANK CHARGES - UK HOLDCO 58,368 UK FOREIGN INCOME TAXES 391,760 ADMINISTRATIVE FEES - UK HOLDCO 162,000 ---------- TOTAL TO SCHEDULE D, PART XII, LINE 2D $ 281,135

Schedule D (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization
UAW RETIREE MEDICAL BENEFITS TRUST

Employer identification number

90-0424876

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(f) Total expenditures for and investments in the region
	Europe (Including Iceland and Greenland)	0	0	Investments	495,460,861
	Central America and the Caribbean	0	0	Investments	2,881,786,093
	East Asia and the Pacific	0	0	Investments	253,587,971














3a	Sub-total ....	0	0		3,630,834,925
b	Total from continuation sheets to Part I ...
c	Totals (add lines 3a and 3b)	0	0		3,630,834,925

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2021

Schedule F (Form 990) 2021

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance	(h) Description of noncash assistance	(i) Method of valuation (book, FMV, appraisal, other)

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) 2021

Schedule F (Form 990) 2021Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) 2021

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2021

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation

Schedule F (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

UAW RETIREE MEDICAL BENEFITS TRUST

Employer identification number

90-0424876

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2021

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1HERSHEL HARPER CHIEF INVESTMENT OFFICER	(i) (ii)	576,828 ------------- 0	1,093,307 ------------- 0	4,356 ------------- 0	25,008 ------------- 0	22,396 ------------- 0	1,721,895 ------------- 0	0 ------------- 0
2LINDA DENOMME CHIEF LEGAL OFFICER	(i) (ii)	382,577 ------------- 0	0 ------------- 0	4,356 ------------- 0	26,000 ------------- 0	936 ------------- 0	413,869 ------------- 0	0 ------------- 0
3MALCOLM GOEPFERT DEPUTY CHIEF INVEST. OFFICER	(i) (ii)	462,923 ------------- 0	951,932 ------------- 0	1,518 ------------- 0	26,000 ------------- 0	18,071 ------------- 0	1,460,444 ------------- 0	0 ------------- 0
4GARON MEIKLE CONTROLLER (CFO AS OF 2022)	(i) (ii)	342,700 ------------- 0	72,000 ------------- 0	660 ------------- 0	19,500 ------------- 0	19,400 ------------- 0	454,260 ------------- 0	0 ------------- 0
5GINA BUCCALO CHIEF MEDICAL OFFICER	(i) (ii)	557,882 ------------- 0	0 ------------- 0	4,356 ------------- 0	26,000 ------------- 0	18,071 ------------- 0	606,309 ------------- 0	0 ------------- 0
6BRIAN GIMOTTY MANAGING DIRECTOR	(i) (ii)	363,994 ------------- 0	582,197 ------------- 0	2,838 ------------- 0	26,000 ------------- 0	22,396 ------------- 0	997,425 ------------- 0	0 ------------- 0
7BRIAN WACHOB SR. MANAGING DIRECTOR	(i) (ii)	266,842 ------------- 0	672,708 ------------- 0	660 ------------- 0	16,828 ------------- 0	42,392 ------------- 0	999,430 ------------- 0	0 ------------- 0
8DEBRA RITTENOUR CHIEF EXECUTIVE OFFICER	(i) (ii)	900,847 ------------- 0	0 ------------- 0	4,356 ------------- 0	26,000 ------------- 0	8,084 ------------- 0	939,287 ------------- 0	0 ------------- 0
9RONALD BERRY ACTING CHIEF FINANCIAL OFFICER	(i) (ii)	492,125 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	492,125 ------------- 0	0 ------------- 0
10CAMERON HAMILTON-WRIGHT DIRECTOR-PORTFOLIO STRATEGY	(i) (ii)	317,823 ------------- 0	331,790 ------------- 0	610 ------------- 0	19,500 ------------- 0	22,294 ------------- 0	692,017 ------------- 0	0 ------------- 0
11BRIAN BAUMHOVER DIRECTOR-REAL ASSETS	(i) (ii)	264,269 ------------- 0	281,290 ------------- 0	870 ------------- 0	19,500 ------------- 0	22,293 ------------- 0	588,222 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2021

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation

Schedule J (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

UAW RETIREE MEDICAL BENEFITS TRUST

Employer identification number

90-0424876

Return Reference	Explanation
FORM 990, PART V, LINE 4B	FOREIGN COUNTRIES WHERE BANK ACCOUNTS ARE HELD COLOMBIA, COSTA RICA, CURACAO, CYPRUS, CZECH REPUBLIC, EGYPT, ESTONIA, GHANA, GREECE, HONG KONG, HUNGARY, INDIA, INDONESIA, ISRAEL, IVORY COAST, JAPAN, KENYA, KUWAIT, LATVIA, MALAYSIA, MAURITIUS, MOROCCO, NAMIBIA, NIGERIA, OMAN, PAKISTAN, PANAMA, PERU, PHILIPPINES, POLAND, QATAR, ROMANIA, RUSSIA, SLOVAKIA, SPAIN, SOUTH KOREA, TAIWAN, THAILAND, TUNISIA, TURKEY, UGANDA, UNITED ARAB EMIRATES, UNITED KINGDOM, URUGUAY, VIETNAM, ZIMBABWE - SEE ADDITIONAL ATTACHMENT FOR FORM 990, PART V, LINE 4B FOR ADDITIONAL FOREIGN COUNTRIES WHERE BANK ACCOUNTS ARE HELD --------------------
FORM 990, PART VI, SECTION A, LINE 7A	DETAIL OF MEMBERS OR STOCKHOLDERS THE TRUST MEMBERS WHO ARE APPOINTED TO THE UAW RETIREE MEDICAL BENEFITS TRUST COMMITTEE ("COMMITTEE") SERVE AT THE DISCRETION OF THE UAW INTERNATIONAL PRESIDENT, AND MAY BE REMOVED OR REPLACED, AND A SUCCESSOR DESIGNATED, AT ANY TIME BY WRITTEN NOTICE FROM THE UAW INTERNATIONAL PRESIDENT TO THE COMMITTEE. --------------------
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 REVIEW PROCESS A PROFESSIONAL TAX PREPARER IS ENGAGED TO PREPARE THE FORM 990. THE TRUST'S CHIEF FINANCIAL OFFICER, AS WELL AS EXTERNAL COUNSEL, REVIEW THE FORM 990 PRIOR TO SUBMITTING TO THE AUDIT SUBCOMMITTEE OF THE TRUST FOR THEIR REVIEW. A COPY OF FORM 990 IS PROVIDED TO THE TRUST'S GOVERNING BODY (THE "COMMITTEE") FOR REVIEW PRIOR TO FINALIZATION AND FILING WITH THE INTERNAL REVENUE SERVICE. THE INDEPENDENT CPA FIRM PREPARING THE RETURN IS MADE AVAILABLE FOR COMMITTEE MEMBERS TO ASK QUESTIONS. --------------------
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST POLICY THE TRUST'S CONFLICT OF INTEREST POLICY IS APPLIED TO ALL EMPLOYEES AND COMMITTEE MEMBERS. EACH OF THESE INDIVIDUALS MUST DISCLOSE CERTAIN OWNERSHIP INTERESTS, COMPENSATION ARRANGEMENTS AND BOARD MEMBERSHIPS TO THE TRUST'S COMPLIANCE OFFICIAL UPON COMMENCEMENT OF THEIR ROLE AND PERIODICALLY THEREAFTER REGARDING MATERIAL CHANGES IN THEIR DISCLOSURES. THE TRUST'S COMPLIANCE OFFICIAL REVIEWS ALL CONFLICT OF INTEREST DISCLOSURE FORMS. IF A CONFLICT OF INTEREST EXISTS, RECUSALS MAY BE APPROPRIATE. --------------------
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION PROCESS UPON FORMATION AND MORE RECENTLY IN 2020, THE TRUST ENGAGED INDEPENDENT CONSULTANTS AND EXECUTIVE SEARCH FIRMS TO CONSULT WITH COMMITTEE MEMBERS OF THE TRUST'S GOVERNING BODY TO ESTABLISH STAFFING NEEDS, JOB REQUIREMENTS, COMPENSATION BENCHMARKS AND SALARY RANGES. THE INDEPENDENT CONSULTANTS INITIALLY WORKED WITH THE COMMITTEE CHAIRMAN AND THEN SUBSEQUENTLY WITH THE OTHER MEMBERS OF THE COMMITTEE TO IDENTIFY NECESSARY JOB POSITIONS, DEVELOP AN ORGANIZATION CHART, PREPARE JOB DESCRIPTIONS, ASSIGN A PAY GRADE TO EACH POSITION, AND BENCHMARK SALARY SURVEYS FOR VARIOUS JOB POSITIONS. SALARY SURVEYS CONSIDERED HEALTH CARE ORGANIZATIONS, INVESTMENT MANAGEMENT FIRMS, AND OTHER TRUST ORGANIZATIONS. THIS BENCHMARK DATA WAS USED BY THE COMMITTEE TO ESTABLISH AND APPROVE COMPENSATION OFFERED TO THE TRUST'S FIRST EXECUTIVE DIRECTOR, CFO AND CIO, AS WELL AS ESTABLISHING PAY RANGES FOR EACH LOWER PAY GRADE. THE COMMITTEE HAS SINCE BEEN ADVISED ON A PERIODIC BASIS OF STAFFING STATUS AND ACTIVITIES. SINCE INCEPTION, INDEPENDENT PERIODIC COMPENSATION STUDIES ARE PERFORMED FOR KEY POSITIONS AND FOR NEW HIRES AT HIGHER PAY GRADES. ANNUAL MERIT FUNDING IS BASED ON INDEPENDENT STUDY FROM A COMPENSATION CONSULTANT. THE MOST RECENT PROJECT WAS COMPLETED IN 2021. --------------------
FORM 990, PART VI, SECTION C, LINE 19	DOCUMENTS AVAILABILITY TO THE PUBLIC THE TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST MADE DIRECTLY TO THE ORGANIZATION. --------------------
FORM 990, PART VII, SECTION A	ADDITIONAL INFORMATION REGARDING OFFICERS, DIRECTORS, AND TRUSTEES OF THE ORGANIZATION AN INDEPENDENT FIDUCIARY HAS BEEN APPOINTED FOR GENERAL MOTORS COMPANY. THE INDEPENDENT FIDUCIARY IS NOT REQUIRED TO BE REPORTED IN PART VII BUT IS BEING DISCLOSED IN SCHEDULE O DUE TO THE IMPORTANT ROLE IN ADMINISTERING THE INVESTMENT IN GENERAL MOTORS COMMON STOCK IN THE GENERAL MOTORS' PLAN. THE FOLLOWING EXPLAINS THE ROLE AND RESPONSIBILITIES OF THE INDEPENDENT FIDUCIARY IN MORE DETAIL: PURSUANT TO ARTICLE XI OF THE TRUST AGREEMENT, THE COMMITTEE, IN ITS SOLE DISCRETION, IS INSTRUCTED TO SELECT AND APPOINT AN INDEPENDENT FIDUCIARY AS NAMED FIDUCIARY AND INVESTMENT MANAGER WHO, FROM AND AFTER THE DATE OF THE SETTLEMENT AGREEMENTS WITH GENERAL MOTORS COMPANY, SHALL HAVE AND EXERCISE ALL DISCRETIONARY POWER AND AUTHORITY OF THE TRUST WITH RESPECT TO THE MANAGEMENT, DISPOSITION AND VOTING OF THE RESPECTIVE SECURITIES CONTRIBUTED BY THE AUTOMOTIVE COMPANY. PURSUANT TO ITS AUTHORITY UNDER THE TRUST AGREEMENT, THE COMMITTEE HAS THE AUTHORITY TO RETAIN THE INDEPENDENT FIDUCIARY AND MONITOR THE PERFORMANCE OF ITS SERVICES. THE COMMITTEE HAS THE POWER TO REMOVE AND REPLACE AN INDEPENDENT FIDUCIARY FOR CAUSE. THE INDEPENDENT FIDUCIARY IS AUTHORIZED AS FOLLOWS FOR THE RESPECTIVE SECURITIES: 1. EXERCISE DIRECTLY OR ON BEHALF OF THE TRUST, OR DIRECT THE TRUSTEE TO EXERCISE AS APPROPRIATE, ALL OF THE TRUST'S LEGAL AND CONTRACTUAL AUTHORITY AND RESPONSIBILITY AS OWNER OF THE NOTES, THE SHARES, AND ANY FUTURE SECURITIES AS APPLICABLE (HEREIN COLLECTIVELY REFERRED TO AS "AUTO SECURITIES") ACQUIRED BY THE TRUST, INCLUDING: A. EXERCISING ALL RIGHTS OF THE TRUST IN ITS SOLE DISCRETION INCLUDING BUT NOT LIMITED TO INITIATION OR PARTICIPATION IN THE REGISTRATION OF ANY AUTO SECURITIES, EXERCISING ALL VOTING RIGHTS WITH RESPECT TO AUTO SECURITIES, AND NEGOTIATING AND ACCEPTING ANY AMENDMENTS TO THE TRANSACTION AGREEMENTS; B. ACCEPTING ANY CONTRIBUTION OF ADDITIONAL AUTO SECURITIES; C. VALUING THE AUTO SECURITIES; D. MAKING ANY DECISION TO SELL, LOAN, HYPOTHECATE, PLEDGE AS SECURITY FOR A LOAN, EXCHANGE, CONVERT OR OTHERWISE DISPOSE OF ALL OR ANY OF THE AUTO SECURITIES; E. COMPLYING WITH ANY CONDITIONS OR LIMITATIONS IN ANY FINAL PROHIBITED TRANSACTION EXEMPTION ("PTE") ISSUED BY THE DEPARTMENT OF LABOR; F. COMPLYING OR ASSISTING AUTO IN COMPLYING AS REQUIRED IN ANY TRANSACTION AGREEMENT, WITH ANY REGULATORY OR OTHER REQUIREMENTS, INCLUDING FILING OBLIGATIONS; G. INITIATING OR PARTICIPATING IN ANY CLAIM OR SUIT AGAINST A PARTY TO ANY OF THE TRANSACTION AGREEMENTS ARISING OUT OF BREACH, OR RELATED TO THE ISSUANCE AND OWNERSHIP OF, THE AUTO SECURITIES; AND H. SELECTING AND CONTRACTING ON BEHALF OF THE TRUST WITH SUCH AUDITORS, APPRAISERS, ACTUARIES, INVESTMENT ADVISORS, BROKERS, DEALERS AND UNDERWRITERS, AND OUTSIDE LEGAL COUNSEL AS THE INDEPENDENT FIDUCIARY DEEMS APPROPRIATE TO ASSIST THE INDEPENDENT FIDUCIARY IN THE PERFORMANCE OF ITS DUTIES. 2. ADVISE THE COMMITTEE WITH RESPECT TO THE MANNER IN WHICH AUTO SECURITIES SHOULD BE REFLECTED OR INCORPORATED INTO THE FUNDING POLICY TO BE ADOPTED BY THE COMMITTEE. 3. REPORT AT LEAST ONCE A YEAR TO THE COMMITTEE AS A WHOLE, AND PERIODICALLY REPORT AS NECESSARY, TO THE INVESTMENT COMMITTEE. THE LAST REMAINING SHARES OF GENERAL MOTORS' STOCK WERE SOLD ON FEBRUARY 12, 2021 AND THE CASH WAS TRANSFERRED TO THE TRUST. SHORTLY THEREAFTER, THE TRUST'S AGREEMENT WITH THE INDEPENDENT FIDUCIARY WAS TERMINATED. --------------------
FORM 990, PART VII, SECTION A	ADDITIONAL INFORMATION REGARDING THE INSTITUTIONAL TRUSTEE REPORTED IN ADDITION TO ACTING AS TRUSTEE, STATE STREET BANK & TRUST PROVIDES VARIOUS OTHER SERVICES TO THE TRUST, INCLUDING INVESTMENT, MANAGEMENT, CUSTODIAN AND ADMINISTRATIVE SERVICES. TOTAL DIRECT COMPENSATION PAID TO STATE STREET BANK & TRUST FOR THE YEAR ENDED DECEMBER 31, 2021 WAS $1,130,996. --------------------
FORM 990, PART VIII AND PART IX	ADDITIONAL INFORMATION REGARDING THE REVENUES/EXPENSES REPORTED THIS FORM 990 IS FOR THE TRUST THAT ENCOMPASSES THREE PLANS. THE FORM 990 IS REPORTED AT THE TRUST LEVEL AND INCLUDES THE SUM OF THE THREE PLANS' FINANCIAL STATEMENTS. --------------------
FORM 990, PART X, LINE 12 & SCHEDULE D, PART VII, LINE 3(B)	ADDITIONAL DETAIL REGARDING GENERAL MOTORS COMPANY COMMON STOCK HELD THE LAST REMAINING SHARES OF GENERAL MOTORS' STOCK WERE SOLD ON FEBRUARY 12, 2021 AND THE CASH WAS TRANSFERRED TO THE TRUST. SHORTLY THEREAFTER, THE TRUST'S AGREEMENT WITH THE INDEPENDENT FIDUCIARY WAS TERMINATED. NO SHARES OF GENERAL MOTORS' STOCK WERE HELD ON DECEMBER 31, 2021. FOR THE PRIOR YEAR, AS OF DECEMBER 31, 2020, THE PLAN HELD $86.47 MILLION SHARES OF GM'S COMMON STOCK, REPRESENTING APPROXIMATELY A 6% OWNERSHIP INTEREST. THE FAIR VALUE OF THE GM COMMON STOCK WAS VALUED AT $3,601 MILLION AS OF DECEMBER 31, 2020, BASED ON GM'S PUBLICLY TRADED COMMON STOCK PRICE FROM THE ACTIVE MARKET, IN WHICH THE SECURITY TRADES WERE $41.64 PER SHARE. THE PLAN HAD THE RIGHT, UNDER THE DIRECTION OF THE INDEPENDENT FIDUCIARY, TO REQUIRE GM, IN CERTAIN CIRCUMSTANCES, TO FILE REGISTRATION STATEMENTS UNDER THE SECURITIES ACT COVERING ADDITIONAL RESALES OF GM'S COMMON STOCK AND THE RIGHT TO PARTICIPATE IN OTHER REGISTERED OFFERINGS MADE BY GM IN CERTAIN CIRCUMSTANCES. --------------------

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

UAW RETIREE MEDICAL BENEFITS TRUST

Employer identification number

90-0424876

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership
(1) ALPINVEST A2 INVESTMENT FUND LP ONE VANDERBILT AVENUE SUITE 3400 NEW YORK,NY10017 46-2426430	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	2,856,318	-24,071,616		No	-30,592		No	99.010 %
(2) ALPINVEST A2 INVESTMENT FUND II LP 299 PARK AVENUE 35TH FLOOR NEW YORK,NY10171 47-1663811	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	2,652,980	-1,198,931		No	-3,515		No	99.010 %
(3) AMERRA AGRI MULTI STRATEGY FUND LP 55 WEST 46TH STREET STE 2801 NEW YORK,NY10036 46-5521889	REAL ASSETS	DE	UAW RMBT	EXCLUDED FROM TAX	4,457,616	196,521,475		No	-1,950,872		No	99.740 %
(4) BLACK RIVER AGRICULTURE COINVEST FUND A 33 SOUTH SIXTH STREET SUITE 4100 MINNEAPOLIS,MN55402 47-1295276	REAL ASSETS	DE	UAW RMBT	EXCLUDED FROM TAX	2,999,614	70,540,773		No	0		No	98.970 %
(5) BLACK RIVER AGRICULTURE FUND 21 LP 33 SOUTH SIXTH STREET SUITE 4100 MINNEAPOLIS,MN55402 47-2022335	REAL ASSETS	DE	UAW RMBT	EXCLUDED FROM TAX	3,204,332	111,341,778		No	0		No	99.990 %
(6) BRIGHTWOOD CAPITAL CO-INVEST FUND LP 810 SEVENTH AVENUE 26TH FLOOR NEW YORK,NY10019 82-2816560	PRIVATE CREDIT	NY	UAW RMBT	EXCLUDED FROM TAX	4,714,426	53,091,397		No	-35,200		No	97.200 %
(7) BTG PACTUAL BRAZIL TIMBERLAND FUND I D PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ	REAL ASSETS	CJ	UAW RMBT	EXCLUDED FROM TAX	2,297,860	104,883,630		No	0		No	88.350 %
(8) C-III RECOVERY FUND II CO-INVESTMENT LP 6031 CONNECTION DRIVE SUITE 200 IRVING,TX75039 47-3031134	REAL ESTATE	DE	UAW RMBT	EXCLUDED FROM TAX	7	46,759,276		No	0		No	97.990 %
(9) CORAL SEA CO INVESTMENT PARTNERS LP 410 PARK AVENUE 19TH FLOOR NEW YORK,NY10022 81-2909714	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	14,234,439	86,147,338		No	-2,572,316		No	98.000 %
(10) ELY PENNSYLVANIA DW LP 301 HOWARD STREET SUITE 2100 SAN FRANCISCO,CA94105 82-4043126	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	-78,052	132,394,122		No	-326,694		No	97.950 %
(11) ENTRUSTPERMAL ROC PARTNERS LP 375 PARK AVENUE 24TH FLOOR NEW YORK,NY10152 83-1292112	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	33,393,319	480,309,692		No	0		No	96.130 %
(12) GCM GROSVENOR WRENCH PRIMARIES LP 767 FIFTH AVENUE 14TH FLOOR NEW YORK,NY10153 83-4203908	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	2,748,930	68,086,376		No	106,624		No	99.110 %
(13) HARBOURVEST REAL ASSETS ENERGY FUND LP ONE FINANCIAL CENTER BOSTON,MA02111 46-5164921	REAL ASSETS	DE	UAW RMBT	EXCLUDED FROM TAX	19,400,856	70,220,499		No	4,885,205		No	100.000 %
(14) HARBOURVEST REAL ASSETS ENERGY FUND II ONE FINANCIAL CENTER BOSTON,MA02111 47-2184367	REAL ASSETS	DE	UAW RMBT	EXCLUDED FROM TAX	33,336,344	480,608,685		No	-41,906,316		No	98.890 %
(15) HV SPECIAL SITUATIONS FUND LP ONE FINANCIAL CENTER BOSTON,MA02111 47-4289568	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	67,909,068	311,557,693		No	2,863,352		No	99.240 %
(16) IP IV AIV (E) LP - NEWPORT SERIES 1345 AVENUE OF THE AMERICAS 42ND F NEW YORK,NY10105 81-2590336	PRIVATE CREDIT	DE	UAW RMBT	EXCLUDED FROM TAX	0	22,796,997		No	0		No	100.000 %
(17) IP IV AIV (E) LP - PLANET SERIES 1345 AVENUE OF THE AMERICAS 42ND F NEW YORK,NY10105 81-2618631	PRIVATE CREDIT	DE	UAW RMBT	EXCLUDED FROM TAX	0	15,179,791		No	0		No	100.000 %
(18) IP IV AIV (E) LP - RX SERIES 1345 AVENUE OF THE AMERICAS 42ND F NEW YORK,NY10105 84-4729076	PRIVATE CREDIT	DE	UAW RMBT	EXCLUDED FROM TAX	0	4,608,343		No	0		No	100.000 %
(19) IP IV AIV (E) LP - STEEL SERIES 1345 AVENUE OF THE AMERICAS 42ND F NEW YORK,NY10105 82-5352227	PRIVATE CREDIT	DE	UAW RMBT	EXCLUDED FROM TAX	0	4,643,024		No	0		No	100.000 %
(20) IP IV AIV (E) LP - YOST UNBLOCKED SERIES 1345 AVENUE OF THE AMERICAS 42ND F NEW YORK,NY10105 81-2630795	PRIVATE CREDIT	DE	UAW RMBT	EXCLUDED FROM TAX	2,972,783	15,052,231		No	0		No	98.970 %
(21) KAYNE ANDERSON REAL ESTATE V PARALLEL ONE TOWN CENTER ROAD SUITE 300 BOCA RATON,FL33486 82-3171847	REAL ESTATE	DE	UAW RMBT	EXCLUDED FROM TAX	28,573,939	190,610,247		No	6,943,512		No	98.960 %
(22) KAYNE MULTIPLE STRATEGY FUND LP 1800 AVENUE OF THE STARS 3RD FLOOR LOS ANGELES,CA90067 83-1129577	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	123,059,231	349,900,007		No	12,945,732		No	98.460 %
(23) KAYNE PRIVATE ENERGY INCOME FUND 811 MAIN STREET 14TH FLOOR HOUSTON,TX77002 30-0887747	REAL RETURNS	DE	UAW RMBT	EXCLUDED FROM TAX	41,721,572	637,319,534		No	44,669,580		No	99.000 %
(24) NORTHWOOD REAL ESTATE PARTNERS 2012 LP 1819 WAZEE STREET DENVER,CO80202 32-0396964	REAL ASSETS	DE	UAW RMBT	EXCLUDED FROM TAX	9,013,057	56,665,903		No	1,195,850		No	99.460 %
(25) NORTHWOOD REAL ESTATE PARTNERS 2018 LP 1819 WAZEE STREET DENVER,CO80202 83-2726237	REAL ASSETS	DE	UAW RMBT	EXCLUDED FROM TAX	218,633	34,447,371		No	0		No	98.690 %
(26) NOVAQUEST PHARMA OPPORTUNITIES FUND V 4208 SIX FORKS ROAD SUITE 920 RALEIGH,NC27609 84-2199143	REAL ASSETS	DE	UAW RMBT	EXCLUDED FROM TAX	10,195,760	39,484,856		No	0		No	98.920 %
(27) OAK STREET EMERGING MANAGER U1 LP 30 N LASALLE STREET SUITE 4140 CHICAGO,IL60602 82-1482783	REAL ESTATE	DE	UAW RMBT	EXCLUDED FROM TAX	5,326,762	106,924,784		No	726,211		No	99.000 %
(28) OAK STREET EMERGING MANAGER U1A LP 30 N LASALLE STREET SUITE 4140 CHICAGO,IL60602 82-1519293	REAL ESTATE	DE	UAW RMBT	EXCLUDED FROM TAX	8,402,550	79,289,658		No	251,790		No	99.000 %
(29) OAKTREE TBMR STRATEGIC CREDIT FUND C LLC 333 SOUTH GRANDE AVE 28TH FLOOR LOS ANGELES,CA90071 47-1169920	PRIVATE CREDIT	DE	UAW RMBT	EXCLUDED FROM TAX	16,639,760	132,742,114		No	-7,203		No	99.800 %
(30) OAKTREE TBMR STRATEGIC CREDIT FUND F LLC 333 SOUTH GRANDE AVE 28TH FLOOR LOS ANGELES,CA90071 47-1189792	PRIVATE CREDIT	DE	UAW RMBT	EXCLUDED FROM TAX	26,087,017	181,238,789		No	-42		No	99.800 %
(31) OAKTREE TBMR STRATEGIC CREDIT FUND G LLC 333 SOUTH GRANDE AVE 28TH FLOOR LOS ANGELES,CA90071 47-1179049	PRIVATE CREDIT	DE	UAW RMBT	EXCLUDED FROM TAX	42,945,454	303,110,364		No	-18,418		No	99.800 %
(32) OLD IRONSIDES ENERGY FUND III-A LP 500 TOTTEN POND ROAD 6TH FLOOR WALTHAM,MA48108 82-2325117	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	52,535,877	139,534,208		No	-61,416,782		No	51.530 %
(33) PROTERRA BRAZIL OPPORTUNITY DIRECT FUND 33 SOUTH SIXTH STREET SUITE 4100 MINNEAPOLIS,MN55402 82-1198066	REAL RETURNS	DE	UAW RMBT	EXCLUDED FROM TAX	793,874	52,364,933		No	0		No	99.000 %
(34) PROTERRA BRAZIL OPPORTUNITY FUND B LP 33 SOUTH SIXTH STREET SUITE 4100 MINNEAPOLIS,MN55402 82-1199572	REAL RETURNS	DE	UAW RMBT	EXCLUDED FROM TAX	1,209,923	85,490,497		No	0		No	98.510 %
(35) SALTUS SEPARATE ACCOUNT LP CO TRG RR SEPARATE ACCT GP 33 BROA BOSTON,MA02109 47-3397090	REAL RETURNS	DE	UAW RMBT	EXCLUDED FROM TAX	545,556	214,325,426		No	0		No	99.480 %
(36) SSP 2017 LP 1133 AVENUE OF THE AMERICAS 30TH F NEW YORK,NY10036 82-0886132	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	8,467,565	122,820,003		No	65,263		No	99.000 %
(37) STEPSTONE LMM OPPORTUNITIES FUND I LP 4225 EXECUTIVE SQUARE SUITE 1600 LA JOLLA,CA92037 83-4603550	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	5,271,110	130,658,311		No	4,588,848		No	99.000 %
(38) STEPSTONE LMM OPPORTUNITIES FUND I LP 4225 EXECUTIVE SQUARE SUITE 1600 LA JOLLA,CA92037 84-3198725	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	15,518,817	189,980,073		No	504,743		No	99.000 %
(39) TARAWA CO-INVEST FUND (ALTERNA CCA II) 10 CORPORATE DRIVE SUITE 2204 BEDFORD,NH03110 61-1844543	REAL ASSETS	DE	UAW RMBT	EXCLUDED FROM TAX	9,597,874	114,139,426		No	-1,386,878		No	99.000 %
(40) VIRTUS MYERS CO-INVESTMENT FUND LP 835 W 6TH STREET SUITE 1500 AUSTIN,TX78703 81-4906557	REAL RETURNS	DE	UAW RMBT	EXCLUDED FROM TAX	8,993,956	697,163		No	4,102,883		No	88.000 %
(41) VISTA CO-INVEST FUND 2017-1 LP 111 BROADWAY SUITE 1980 OAKLAND,CA94607 82-2972696	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	36,597,128	129,294,107		No	0		No	99.000 %
(42) WCAS - CO-INVEST HOLDCO LP 599 LEXINGTON AVE SUITE 1800 NEW YORK,NY10022 30-0886559	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	64,464,656	152,299,775		No	129,700		No	99.000 %
(43) Z CAPITAL PARTNERS II-B LP 1330 AVENUE OF THE AMERICAS FL 16 NEW YORK,NY10019 46-5179518	PRIVATE CREDIT	DE	UAW RMBT	EXCLUDED FROM TAX	5,423,636	74,447,712		No	-746,485		No	78.750 %
(44) GCM GROSVENOR STRATEGIC CREDIT LP 900 NORTH MICHIGAN AVENUE STE 1100 CHICAGO,IL60611 85-0750568	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	60,285,166	691,585,911		No	0		No	98.080 %
(45) LGT SSP 2020 PE LP 1133 AVENUE OF THE AMERICAS NEW YORK,NY10036 85-3374188	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	5,493,973	216,272,502		No	-220,787		No	98.760 %
(46) OAK STREET EMERGING MANAGER U2 LP 30 N LASALLE STREET SUITE 4140 CHICAGO,IL60602 84-3860738	REAL ESTATE	DE	UAW RMBT	EXCLUDED FROM TAX	523,696	72,809,460		No	9,658		No	99.000 %
(47) SSP 2020 OPPORTUNISTIC LP 1 FLR 802 W BAY RD PO BOX 31855 SMB GEORGE TOWN,GR CJ 98-1563166	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	25,047,034	842,912,839		No	0		No	99.000 %
(48) NEWBROOK CAPITAL PARTNERS LP 505 FIFTH AVENUE 16TH FLOOR NEW YORK,NY10017 20-3951368	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	7,765,706	276,559,474		No	0		No	55.250 %
(49) STONEPEAK INFRASTRUCTURE FUND IV-U LP 550 WEST 34TH STREET 48TH FLOOR NEW YORK,NY10001 87-0837597	PRIVATE EQUITY	DE	UAW RMBT	EXCLUDED FROM TAX	-1,808,749	34,845,722		No	-1,809,262		No	98.680 %

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) A & Q ABSOLUTE STRATEGIES II LTD PO BOX 897 REGATTA OFFICE PARK WE GEORGETOWN,GRANT CAYMAN CJ	HEDGE FUND	CJ	UAW RMBT	C CORP	-20,103	907,340	100.000 %	Yes
(2) BRIGHTWOOD CAP OFFSHORE FEEDR FUND IV(E) 810 7TH AVE 26TH FLOOR NEW YORK,NY10019 98-1357479	HEDGE FUND	CJ	UAW RMBT	C CORP	16,865,486	124,605,061	97.911 %	Yes
(3) COLLER INT'L PARTNERS VI FEEDER FUND E TRAFALGAR COURT LES BANQUES ST PETER PORT,CHANNEL ISLANDSGY1 3QL CJ	PRIVATE EQUITY	CJ	UAW RMBT	C CORP	18,227,155	68,241,250	99.990 %	Yes
(4) OCEANWOOD ROW SEGREGATED PORTFOLIO PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1105 CJ	HEDGE FUND	CJ	UAW RMBT	C CORP	20,501,129	92,838,193	97.060 %	Yes
(5) RMBT UK-C CORP LIMITED 20 CHURCHILL PLACE CANARY WHARF LONDON E14 5HJ UK	REAL ASSESTS	UK	UAW RMBT	C CORP	6,770,729	52,904,748	100.000 %	Yes
(6) RMBT UK-F CORP LIMITED 20 CHURCHILL PLACE CANARY WHARF LONDON E14 5HJ UK	REAL ASSETS	UK	UAW RMBT	C CORP	11,132,218	86,548,180	100.000 %	Yes
(7) RMBT UK-G CORP LIMITED 20 CHURCHILL PLACE CANARY WHARF LONDON E14 5HJ UK	REAL ASSETS	UK	UAW RMBT	C CORP	15,078,245	116,996,744	100.000 %	Yes
(8) NMF SLF I INC 1633 BROADWAY 48TH FL NEW YORK,NY10019 83-3291673	BUS. DEVELOPMENT	MD	UAW RMBT	C CORP	38,734,219	1,033,736,654	94.225 %	Yes
(9) COMMONWEALTH CREDIT PARTNERS BDC I INC 525 OKEECHOBEE BLVD STE 1050 WEST PALM BEACH,FL33401 86-3335466	INVESTMENTS	DE	UAW RMBT	C CORP	662,310	251,003,610	99.000 %	Yes
(10) KAYNE DL 2021 INC 811 MAIN ST 14TH FL HOUSTON,TX77002 86-2440860	INVESTMENTS	DE	UAW RMBT	C CORP	-119,790	43,091,730	99.000 %	Yes

Schedule R (Form 990) 2021

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) ALPINVEST A2 INVESTMENT FUND II LP	B	4,398,611	FMV
(2) ALPINVEST A2 INVESTMENT FUND II LP	S	27,035,827	FMV
(3) ALPINVEST A2 INVESTMENT FUND LP	B	5,742,050	FMV
(4) ALPINVEST A2 INVESTMENT FUND LP	S	62,936,930	FMV
(5) AMERRA AGRI MULTI STRATEGY FUND LP	S	26,328,165	FMV
(6) A&Q ABSOLUTE STRATEGIES II LTD	S	600,000	FMV
(7) BLACK RIVER AGRICULTURE CO-INVEST FUND A LP	B	7,175,670	FMV
(8) BLACK RIVER AGRICULTURE CO-INVEST FUND A LP	S	7,416,231	FMV
(9) BLACK RIVER AGRICULTURE FUND 21 LP	B	4,214,455	FMV
(10) BLACK RIVER AGRICULTURE FUND 21 LP	S	7,086,848	FMV
(11) BRIGHTWOOD CAPITAL CO-INVEST FUND LP	S	32,118,812	FMV
(12) BRIGHTWOOD CAP OFFSHORE FEEDR FUND IV(E)	S	25,903,408	FMV
(13) BTG PACTUAL BRAZIL TIMBERLAND	S	7,959,470	FMV
(14) COLLER INT'L PARTNERS VI FEEDER FUND E	S	40,299,744	FMV
(15) COMMONWEALTH CREDIT PARTNERS BDC I INC	B	138,598,934	FMV
(16) COMMONWEALTH CREDIT PARTNERS BDC I INC	S	569,246	FMV
(17) ENTRUST GLOBAL ROC PARTNERS LP	B	115,794,814	FMV
(18) ENTRUST GLOBAL ROC PARTNERS LP	S	99,592,020	FMV
(19) GCM GROSVENOR STRATEGIC CREDIT LP	B	297,017,903	FMV
(20) GCM GROSVENOR WRENCH PRIMARIES LP	B	33,206,850	FMV
(21) GCM GROSVENOR WRENCH PRIMARIES LP	S	491,039	FMV
(22) HARBOURVEST REAL ASSETS - ENERGY FUND II LP	B	9,250,000	FMV
(23) HARBOURVEST REAL ASSETS - ENERGY FUND II LP	S	33,690,000	FMV
(24) HARBOURVEST REAL ASSETS - ENERGY FUND LP	S	7,972,270	FMV
(25) HV SPECIAL SITUATIONS FUND LP	B	22,312,500	FMV
(26) HV SPECIAL SITUATIONS FUND LP	S	112,860,090	FMV
(27) IP IV AIV (E) LP - YOST UNBLOCKED SERIES	S	3,009,296	FMV
(28) KAYNE ANDERSON RE PARTNERS V PARALLEL	B	29,952,544	FMV
(29) KAYNE ANDERSON RE PARTNERS V PARALLEL	S	53,775,586	FMV
(30) KAYNE DL 2021 INC	B	42,570,000	FMV
(31) KAYNE MULTIPLE STRATEGY FUND LP	B	103,661,138	FMV
(32) KAYNE MULTIPLE STRATEGY FUND LP	S	344,649,217	FMV
(33) KAYNE PRIVATE ENERGY INCOME PARALLEL	S	95,827,035	FMV
(34) LGT SSP 2020 PE LP	B	177,920,000	FMV
(35) NMF SLF I INC	S	24,194,081	FMV
(36) NMF SLF I INC	B	303,500,000	FMV
(37) NORTHWOOD REAL ESTATE PARTNERS 2012 LP	B	15,769,054	FMV
(38) NORTHWOOD REAL ESTATE PARTNERS 2012 LP	S	5,577,972	FMV
(39) NORTHWOOD REAL ESTATE PARTNERS 2018 LP	B	32,655,826	FMV
(40) NOVAQUEST PHARMA OPP FUND V (DELAWARE)	B	11,407,608	FMV
(41) NOVAQUEST PHARMA OPP FUND V (DELWARE)	S	11,595,351	FMV
(42) OAK STREET EMERGING MANAGER U1 LP	B	15,335,529	FMV
(43) OAK STREET EMERGING MANAGER U1 LP	S	14,745,092	FMV
(44) OAK STREET EMERGING MANAGER U1A LP	B	1,832,947	FMV
(45) OAK STREET EMERGING MANAGER U1A LP	S	7,925,619	FMV
(46) OAK STREET EMERGING MANAGER U2 LP	B	13,072,444	FMV
(47) OCEANWOOD ROW SEGREGATED PORTFOLIO	S	202,966,055	FMV
(48) OLD IRONSIDES ENERGY FUND III-A LP	B	86,657,781	FMV
(49) PROTERRA BRAZIL OPPORTUNITY DIRECT FUND LP	B	2,830,413	FMV
(50) PROTERRA BRAZIL OPPORTUNITY FUND B LP	B	2,843,256	FMV
(51) SALTUS SEPARATE ACCOUNT LP	B	6,550,000	FMV
(52) SSP 2017 LP	S	38,412,500	FMV
(53) SSP 2020 OPPORTUNISTIC LP	B	354,445,774	FMV
(54) STEPSTONE LMM OPP FUND I LP - SERIES A	B	89,741,477	FMV
(55) STEPSTONE LMM OPP FUND I LP - SERIES A	S	7,273,498	FMV
(56) STEPSTONE LMM OPP FUND I LP - SERIES B	B	120,231,705	FMV
(57) STEPSTONE LMM OPP FUND I LP - SERIES B	S	17,534,864	FMV
(58) TARAWA CO-INVESTMENT FUND LP	S	19,455,480	FMV
(59) VIRTUS MYERS CO-INVESTMENT FUND LP	S	43,537,095	FMV
(60) VISTA CO-INVEST FUND 2017-1 LP	B	50,098,756	FMV
(61) VISTA CO-INVEST FUND 2017-1 LP	S	46,479,102	FMV
(62) WCAS - CO-INVEST HOLDCO LP	B	99,000,000	FMV
(63) WCAS - CO-INVEST HOLDCO LP	S	124,011,753	FMV
(64) Z CAPITAL PARTNERS II-B LP	B	2,767,764	FMV
(65) Z CAPITAL PARTNERS II-B LP	S	24,191,988	FMV
(66) KAYNE PRIVATE ENERGY INCOME PARALLEL	B	30,000,000	FMV
(67) NORTHWOOD REAL ESTATE PARTNERS 2018 LP	S	73,634	FMV
(68) OAKTREE-TBMR STRATEGIC CREDIT FUND C LLC	B	5,030,248	FMV
(69) OAKTREE-TBMR STRATEGIC CREDIT FUND F LLC	B	641,554	FMV
(70) OAKTREE-TBMR STRATEGIC CREDIT FUND G LLC	B	12,305,154	FMV
(71) OLD IRONSIDES ENERGY FUND III-A LP	S	48,047,909	FMV
(72) CORAL SEA CO-INVESTMENT PARTNERS LP	B	7,656,418	FMV
(73) STONEPEAK INFRASTRUCTURE FUND IV-U LP	B	19,045,515	FMV

Schedule R (Form 990) 2021

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2021

Additional Data

Software ID:
Software Version:

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No