Let $U=\mathbb{P}^1-\{p_1, \ldots, p_n\}$ be a Zariski open subset of the projective line. Consider a rank $r$ local system of complex vector spaces $V$ on $U$ and assume that the monodromy representation
$$ \rho: \pi_1(U, t) \to GL(r, \mathbb{C}) $$
attached to $V$ is trivial (that is, $\rho(\gamma)$=identity matrix for each $\gamma$ in $\pi_1(U, t)$). I'm interested in two questions:
1) Is it true that $V$ is isomorphic to its dual $V^\vee$?
2) What are the cohomology groups $H^i(U, V)=0$ for $i=0, 1, 2$?