Performance data quoted represents past performance; the past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Performance shown for the Fund before September 11, 2023, reflects a management fee of 40bps and the performance shown after September 11, 2023, reflects a management fee of 60bps.
The total annual fund operating expense ratio, gross of any fee waivers or expense reimbursements is 6.39% for all share classes. The Total Annual Fund Operating Expenses after fee waiver and/or expense reimbursement is 1.22% for Class I and Y, and 1.47% for Class A. The Funds’ investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the funds at least until September 11, 2025, to ensure that the net annual fund operating expenses will not exceed 0.50% of the Funds’ net assets as determined as of the end of each calendar month. Without such waivers by the Adviser, expenses of the Funds would have been higher and the Funds’ returns would have been lower.
The annualized distribution rate is calculated by dividing the sum of the Fund’s last four quarterly distributions per share by the net asset value per share as of the reported date. Historically, the Accordant ODCE Index Fund distributions have included return of capital of varying amounts. For the current return of capital information, you may view our most recent Section 19A notice here.
