|Performance through 02/28/2018||Performance through 12/31/2017|
|3 Months||6 Months||1 Year||Annualized Return Since Inception||Standard Deviation Annualized1||Sharpe Ratio2||1 Year||Annualized Since Inception|
|PREDEX I Share||0.99%||3.04%||4.71%||3.42%||0.53%||4.87||4.40%||3.49%|
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 877.940.7202.
The Fund’s investment adviser has contractually agreed to reduce its fees and absorb expenses of the Fund until at least August 31, 2019 so that the annual operating expenses will not exceed 1.20% per annum of the Fund’s average daily net assets. Without the waiver the total annual expenses are estimated to be 1.48% for the current fiscal year (as per the Fund’s prospectus dated February 12, 2018).