A low-cost, passive strategy offers competitive fees for our investors:
Annual asset management fee: 0.55%
PREDEX is a low-cost, core real estate strategy which provides the potential for consistent income, low correlation to other assets and relatively low volatility. By investing in a more passively managed strategy, PREDEX investors avoid the higher fees often associated with active management. For the fiscal year ended April 30, 2020, the Fund’s total expense ratio before fee waiver or recoupment was 1.02%, 1.16% and 1.18% per annum of the average daily net assets of Class I, Class T and Class W, respectively. The Adviser and the Fund have entered into an Expense Limitation Agreement under which the Adviser has agreed contractually to waive its fees and to pay or absorb the ordinary expenses of the Fund until at least August 30, 2021 to the extent that they exceed 1.10%, 1.35% and 1.35% per annum for Class I, Class T and Class W, respectively.