A low-cost, passive (‘beta’) 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 stable 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. The gross total expense ratio is 3.63% as stated in the fee table of the September 1, 2017 prospectus. This represents the annualized ratio of expenses to average net assets before reimbursement for the initial fiscal year ended April 30, 2017. 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 31, 2018 to the extent that they exceed 1.20% per annum of the Fund’s average daily net assets.