1 NCREIF Fund Index – Open End Diversified Core Equity is an index of investment returns reporting on both a historical and current basis the results of 40 open-end commingled funds pursuing a diversified core investment strategy. See ncreif.org for more information on the NFI-ODCE Index 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.