NCREIF Fund Index - ODCE 7.9.3

The NCREIF Fund Index - Open-end Diversified Core Equity (NFI-ODCE) is a comprehensive metric that tracks the quarterly and annual total returns of 28 institutional open-end commingled real estate funds. Each fund within this index adheres to a defined "core" investment strategy, with some portfolios boasting performance histories extending back to 1978.

Notably, the NFI-ODCE employs a market-weighted approach and provides reporting on both gross and net of fees returns. The calculations utilized in this index are time-weighted, ensuring that performance measurement accounts for varying investment horizons, as detailed on the NCREIF website at www.ncreif.org.

Founded as an association for institutional real estate professionals in the United States, the National Council of Real Estate Investment Fiduciaries (NCREIF) plays a pivotal role in enhancing transparency and promoting best practices within the industry.