Plan Investment Fund,

Plan Investment Fund was formed in 1986 as an investment vehicle for Blue Cross Blue Shield’s liquidity assets. Its Board consists of senior executives of Blue Cross and Blue Shield companies. Plan Investment Fund has averaged $1.2 billion in assets under management with $77 billion traded through the Fund from 2017-2021. The Fund consists of two investment portfolios: Government Portfolio (PIFXX): An institutional government money market fund Money Market Portfolio (PIMXX): An institutional prime money market fund Government Portfolio Risk: You could lose money by investing in the Portfolio. Although the Portfolio seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Portfolio is not insured or guaranteed by the FDIC or any other gov. agency. Money Market Portfolio Risk: You could lose money by investing in the Portfolio. Because the share price of the Portfolio will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Portfolio may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Portfolio’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Portfolio is not insured or guaranteed by the FDIC any other gov. agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the Fund, and may be obtained by calling (800) 621-9215, or visiting the Fund’s website at www.pif.com. Read the prospectus carefully before investing. The Fund is distributed by Foreside Fund Services, LLC.