What do investors get for what they pay?
One diagnostic view of what each fund charges against what it delivered. This is not a ranking, and the chart does not imply that fees caused returns.
Showing 50 funds with a 1 year return and net expense ratio for the same period, ending 2026-03-31.
Net expense ratio is not one uniform GAAP measure. Filers differ on borrowing costs, incentive fees, acquired-fund expenses, taxes, and fee support. These are direct comparisons of the reported shareholder expense burden, not normalized estimates.
Class I · Infrastructure · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Manager-reported; manager-reported net return.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expenses, including recoupment / reimbursement, interest, current tax and organizational and offering expenses; waiver/reimbursement treatment not separately stated; includes borrowing costs.
SEC accession
Class I · Infrastructure · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; shareholder-transaction basis.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of expenses to average net assets after expense waiver/recapture, after tax (f)(g); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Infrastructure · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expense ratio; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Infrastructure · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expense ratio; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Infrastructure · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; shareholder-transaction basis.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Expenses after adviser expense recoupment (reimbursement)⁷ ⁸; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Multi-strategy · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of expenses to average net assets (f)(e); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Multi-strategy · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Expenses a fter fees waived and including taxes from realiz ed an d unrealized investments (h)(j); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Multi-strategy · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of expenses to average net assets: (including commitment fees, dividends and interest on securities sold short, excise tax, extraordinary litigation fees, interest expense and unused line of credit fees) Before fees waived 7,8 1.53 % 1.47 % 1.42 % 1.36 % 1.16 % After fees waived 7,8; waiver/reimbursement treatment not separately stated; includes borrowing costs.
SEC accession
Class I · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from monthly filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of actual expenses to average net assets including fee waivers, reimbursements and recoupments; after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of net expenses to average net assets 5; after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Credit · BDC
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Computed from filed NAVs + distributions; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Annualized ratio of net expenses to average net assets (5); after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from proof-bound N-PORT months; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratios to Average Net Assets (including interest expense) Ratio of expenses to average net assets excluding fee waivers and reimbursements/recoupment of previously waived fees 3.63 % 3.50 % 4.63 % 3.50 % 2.84 % Ratio of expenses to average net assets including fee waivers and reimbursements/recoupment of previously waived fees; after fee waivers/reimbursements; includes borrowing costs.
SEC accession
Class I · Private Credit · BDC
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Computed from filed NAVs + distributions; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of operating expenses (including expense support) to average net assets; after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Credit · BDC
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Computed from filed NAVs + distributions; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of net expenses to average net assets (5); after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Credit · BDC
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Computed from filed NAVs + distributions; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of net expenses to average net assets (5)(6); after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; shareholder-transaction basis.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of expenses (including interest on secured credit facility, interest on subsequent close of private investment funds, commitment fees, or other expenses related to any leverage, taxes and extraordinary expenses): Before fees waived and expenses absorbed 2.60 % 3.19 % 3.27 % 6 After fees waived and expenses absorbed; after fee waivers/reimbursements; includes borrowing costs.
SEC accession
Class I · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from proof-bound N-PORT months; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Expenses after (recoupment of) waivers and reimbursements of expenses (4); after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from proof-bound N-PORT months; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Expenses, including expense support; after fee waivers/reimbursements; includes borrowing costs.
SEC accession
Class I · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of expenses to average net assets (excluding interest expense): With fees waived, after taxes; waiver/reimbursement treatment not separately stated; excludes borrowing costs.
SEC accession
Class I · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; shareholder-transaction basis.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of expenses to average net assets (including interest expense) 5 : Before fees waived 1.89 % 2.11 % 2.20 % 1.93 % 1.68 % 4 After fees waived; after fee waivers/reimbursements; includes borrowing costs.
SEC accession
Class I · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from monthly filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expense ratio; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Institutional Shares · Private Credit · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expenses; after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Credit · BDC
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Computed from filed NAVs + distributions; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of net expenses to average net assets; after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Annualized Expense Ratios(%); after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Institutional Class · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from monthly filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Total expenses after waivers and/or reimburse- ments (%); after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Credit · BDC
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Computed from filed NAVs + distributions; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of net expenses to average net assets (5); after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Institutional Class · Private Credit · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from proof-bound N-PORT months; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expense ratio; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Equity · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Expenses including fee waivers and reimbursements (d); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Equity · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expenses inclusive of interest expense and taxes; waiver/reimbursement treatment not separately stated; includes borrowing costs.
SEC accession
Class I · Private Equity · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of expenses to average net assets attributable to common shares, including fee waiver (d); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Equity · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; shareholder-transaction basis.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of expenses to average net assets (including interest expense) 5 : Before fees waived 2.44 % 2.56 % 1.86 % 2.32 % 2.86 % 4 After fees waived; waiver/reimbursement treatment not separately stated; includes borrowing costs.
SEC accession
Class I · Private Equity · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Total expenses, net of Adviser limitation/reimbursement of other operating expenses; after fee waivers/reimbursements; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Equity · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of net expenses to average net assets (c)(d); waiver/reimbursement treatment not separately stated; includes borrowing costs.
SEC accession
Class I · Private Equity · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; shareholder-transaction basis.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expenses 6; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Equity · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of net expenses and Incentive Fee to average net assets (5); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Equity · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Ratio of net expenses to average Net Assets (f); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Equity · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Expenses after adviser expense recoupment (reimbursement) 5; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Institutional Class · Private Equity · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expense ratio; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Real Estate · REIT
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Computed from filed NAVs + distributions; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Fund-level expenses to average NAV (general and administrative, management fee, performance participation); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Real Estate · REIT
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from monthly filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Fund-level expenses to average NAV (general and administrative, management fee, performance participation); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Real Estate · REIT
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Manager-reported; manager-reported net return.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Fund-level expenses to average NAV (general and administrative, management fee, performance participation); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Real Estate · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from proof-bound N-PORT months; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expenses; waiver/reimbursement treatment not separately stated; includes borrowing costs.
SEC accession
Class I · Private Real Estate · REIT
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Computed from filed NAVs + distributions; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Fund-level expenses to average NAV (general and administrative, management fee, performance participation); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Fund shares · Private Real Estate · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from proof-bound N-PORT months; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Including interest expense: Ratio of net expenses to average net assets; waiver/reimbursement treatment not separately stated; includes borrowing costs.
SEC accession
Class I · Private Real Estate · REIT
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Computed from filed NAVs + distributions; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Fund-level expenses to average NAV (general and administrative, management fee, performance participation); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Real Estate · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Manager-reported; manager-reported net return.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Expenses, after waivers (5); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
I1 Class · Private Real Estate · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC-derived from proof-bound N-PORT months; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expense ratio; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Institutional Class · Private Real Estate · Interval Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expense ratio; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Private Real Estate · REIT
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
Computed from filed NAVs + distributions; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Fund-level expenses to average NAV (general and administrative, management fee, performance participation); waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession
Class I · Specialty asset classes · Tender-Offer Fund
Annualized return, net of fund-level fees and expenses
+0.00% · 2000-01-01 to 2000-01-01 ·
SEC filings; at NAV.
Available to signed-in readers.
Net expense ratio
0.00% · as of 2000-01-01 ·
Net expense ratio; waiver/reimbursement treatment not separately stated; borrowing-cost treatment not separately stated.
SEC accession