1 NCREIF Fund Index – Open End Diversified Core Equity (NFI-ODCE) is an index of investment returns reporting on both a historical and current basis the results of 41 open-end commingled funds pursuing a diversified core investment strategy. See ncreif.org for more information on the NFI-ODCE and its guidelines. Investors cannot directly invest in an index; unmanaged index returns do not reflect any fees, expenses or sales charges. Past performance does not guarantee future results.