Fontris Alts beta The source for Alternative Investment intelligence.

Fees vs. returns.

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.

Asset class

Showing 20 of 73 monitored funds — the rest lack a published same-window return or a class-matched evidenced expense ratio.

2%4%6%8%10%+0%+5%+10%+15%+20%Net expense ratioPublished total returnAMG Pantheon Credit Solutions Fund: return 4.96% as of 2026-03-31; expense 2.22% as of 2026-03-31Apollo Debt Solutions BDC: return 6.40% as of 2026-03-31; expense 6.28% as of 2025-12-31Blackstone Private Credit Fund: return 5.96% as of 2026-03-31; expense 7.00% as of 2025-12-31Blue Owl Credit Income Corp.: return 5.83% as of 2026-03-31; expense 8.40% as of 2025-12-31Calamos Aksia Alternative Credit & Income Fund: return 8.33% as of 2026-03-31; expense 1.50% as of 2026-03-31Cliffwater Enhanced Lending Fund: return 9.55% as of 2026-03-31; expense 1.26% as of 2026-03-31HPS Corporate Lending Fund: return 7.76% as of 2026-03-31; expense 9.09% as of 2025-12-31Jackson Credit Opportunities Fund: return 6.21% as of 2026-03-31; expense 1.88% as of 2026-03-31Oaktree Strategic Credit Fund: return 5.94% as of 2026-03-31; expense 7.14% as of 2025-09-30Apollo S3 Private Markets Fund: return 14.46% as of 2026-03-31; expense 2.28% as of 2026-03-31Bow River Capital Evergreen Fund: return 13.00% as of 2026-03-31; expense 1.17% as of 2026-03-31Carlyle AlpInvest Private Markets Fund: return 11.99% as of 2026-03-31; expense 2.85% as of 2026-03-31Cascade Private Capital Fund: return 20.50% as of 2026-03-31; expense 1.14% as of 2026-03-31FS MVP Private Markets Fund: return 11.75% as of 2026-03-31; expense 3.01% as of 2026-03-31Hamilton Lane Private Assets Fund: return 14.60% as of 2026-03-31; expense 3.40% as of 2026-03-31Partners Group Private Equity Fund, LLC: return 5.64% as of 2026-03-31; expense 3.04% as of 2026-03-31Pomona Investment Fund: return 3.03% as of 2026-03-31; expense 2.32% as of 2026-03-31StepStone Private Markets: return 10.47% as of 2026-03-31; expense 1.91% as of 2026-03-31Apollo Diversified Real Estate Fund: return 2.04% as of 2026-03-31; expense 1.66% as of 2025-09-30KKR Real Estate Select Trust Inc.: return 1.03% as of 2026-03-31; expense 2.40% as of 2025-12-31
Trailing 1-year total return versus net expense ratio. Each asset class uses its current published identical quarter-end cohort. When a filing reports both bases, the point excludes borrowing costs to improve comparability across differently levered funds; otherwise the reported basis is retained and labeled below. Hover for exact values and as-of dates; select a point to open both source trails. No trendline, regression, or quadrant labels are used.

Point sources.

AMG Pantheon Credit Solutions Fund · 2.22% expense · +4.96% return

Class I · Private Credit

Published return
+4.96% · 2025-04-01 to 2026-03-31 · Manager-published (verified snapshot); at NAV. manager standardized 1y annualized return = 4.960000000000%

standardized 1y return · 2025-04-01 to 2026-03-31 · Class I fact sheet

Net expense ratio
2.22% · as of 2026-03-31 · Ratio of net expenses to average net assets 5; interest treatment not separately stated. SEC source 0001193125-26-264018

Technical locator

https://www.sec.gov/Archives/edgar/data/1995940/000119312526264018/d141313dncsr.htm | accession 0001193125-26-264018 | class I | class proof Class I | period 2025-04-01 through 2026-03-31 | period proof For the fiscal year ended March 31, period ended March 31, Class I 2026 | filed label Ratio of net expenses to average net assets 5 | basis net expenses (explicit filing row) | waiver state after/including | route html_table_adapter | cache sha256 f4c122b9954d3c08356dc9fe0ad6e4b675b4cc27c8383a0eb4c97f6a8d5c2874 | ledger sha256 a5ffa512979fba7354cae7ee1166a9d750832060a0aab25d4676a13f78076780

Apollo Debt Solutions BDC · 6.28% expense · +6.40% return

Class I · Private Credit

Published return
+6.40% · 2025-04-01 to 2026-03-31 · Computed from filed NAVs + distributions; at NAV. existing total_return_series index[2026-03-31] / index[2025-03-31] - 1 = 6.398918633818%

nav_per_share · to 2025-03-31 · 0001193125-25-089326

nav_per_share · to 2025-04-30 · 0001193125-25-125140

nav_per_share · to 2025-05-31 · 0001193125-25-144648

nav_per_share · to 2025-06-30 · 0001193125-25-163453

nav_per_share · to 2025-07-31 · 0001193125-25-186423

nav_per_share · to 2025-08-31 · 0001193125-25-215451

nav_per_share · to 2025-09-30 · 0001193125-25-247245

nav_per_share · to 2025-10-31 · 0001193125-25-293714

nav_per_share · to 2025-11-30 · 0001193125-25-331011

nav_per_share · to 2025-12-31 · 0001193125-26-021132

nav_per_share · to 2026-01-31 · 0001193125-26-063962

nav_per_share · to 2026-02-28 · 0001193125-26-119933

nav_per_share · to 2026-03-31 · 0001193125-26-173990

dist_per_share · to 2025-04-30 · 0001193125-25-089326

dist_per_share · to 2025-05-31 · 0001193125-25-125140

dist_per_share · to 2025-06-30 · 0001193125-25-144648

dist_per_share · to 2025-07-31 · 0001193125-25-163453

dist_per_share · to 2025-08-29 · 0001193125-25-186423

dist_per_share · to 2025-09-30 · 0001193125-25-215451

dist_per_share · to 2025-10-31 · 0001193125-25-247245

dist_per_share · to 2025-11-28 · 0001193125-25-293714

dist_per_share · to 2025-12-31 · 0001193125-25-331011

dist_per_share · to 2026-01-30 · 0001193125-26-021132

dist_per_share · to 2026-02-27 · 0001193125-26-063962

dist_per_share · to 2026-03-31 · 0001193125-26-119933

Net expense ratio
6.28% · as of 2025-12-31 · Annualized ratio of net expenses to average net assets (5); interest treatment not separately stated. SEC source 0001193125-26-102386

Technical locator

https://www.sec.gov/Archives/edgar/data/1837532/000119312526102386/ck0001837532-20251231.htm | accession 0001193125-26-102386 | class I | class proof Class I | period 2025-01-01 through 2025-12-31 | period proof Year Ended December 31, 2025 | filed label Annualized ratio of net expenses to average net assets (5) | basis net expenses (explicit filing row) | waiver state after/including | route html_table_adapter | cache sha256 77a7b113a41721009b3a742b98d4343d1211b33916435fca0147e3e18e81a310 | ledger sha256 a5ffa512979fba7354cae7ee1166a9d750832060a0aab25d4676a13f78076780

Blackstone Private Credit Fund · 7.00% expense · +5.96% return

Class I · Private Credit

Published return
+5.96% · 2025-04-01 to 2026-03-31 · Computed from filed NAVs + distributions; at NAV. existing total_return_series index[2026-03-31] / index[2025-03-31] - 1 = 5.962575447457%

nav_per_share · to 2025-03-31 · 0001803498-25-000028

nav_per_share · to 2025-04-30 · 0001803498-25-000042

nav_per_share · to 2025-05-31 · 0001803498-25-000049

nav_per_share · to 2025-06-30 · 0001803498-25-000054

nav_per_share · to 2025-07-31 · 0001803498-25-000065

nav_per_share · to 2025-08-31 · 0001803498-25-000069

nav_per_share · to 2025-09-30 · 0001803498-25-000073

nav_per_share · to 2025-10-31 · 0001803498-25-000084

nav_per_share · to 2025-11-30 · 0001803498-25-000086

nav_per_share · to 2025-12-31 · 0001803498-26-000003

nav_per_share · to 2026-01-31 · 0001803498-26-000010

nav_per_share · to 2026-02-28 · 0001803498-26-000017

nav_per_share · to 2026-03-31 · 0001803498-26-000021

dist_per_share · to 2025-04-30 · 0001803498-25-000028

dist_per_share · to 2025-05-31 · 0001803498-25-000042

dist_per_share · to 2025-06-30 · 0001803498-25-000049

dist_per_share · to 2025-07-31 · 0001803498-25-000054

dist_per_share · to 2025-08-31 · 0001803498-25-000065

dist_per_share · to 2025-09-30 · 0001803498-25-000069

dist_per_share · to 2025-10-31 · 0001803498-25-000073

dist_per_share · to 2025-11-30 · 0001803498-25-000084

dist_per_share · to 2025-12-31 · 0001803498-25-000086

dist_per_share · to 2026-01-31 · 0001803498-26-000003

dist_per_share · to 2026-02-28 · 0001803498-26-000010

dist_per_share · to 2026-03-31 · 0001803498-26-000017

Net expense ratio
7.00% · as of 2025-12-31 · Ratio of net expenses to average net assets (5); interest treatment not separately stated. SEC source 0001803498-26-000014

Technical locator

https://www.sec.gov/Archives/edgar/data/1803498/000180349826000014/bcred-20251231.htm | accession 0001803498-26-000014 | class I | class proof Class I | period 2025-01-01 through 2025-12-31 | period proof Year Ended December 31, 2025 | filed label Ratio of net expenses to average net assets (5) | basis net expenses (explicit filing row) | waiver state after/including | route html_table_adapter | cache sha256 01fba557d60e5306de01fa04a6b78ed81868bf18e456542459ab07bb6d5d155c | ledger sha256 a5ffa512979fba7354cae7ee1166a9d750832060a0aab25d4676a13f78076780

Blue Owl Credit Income Corp. · 8.40% expense · +5.83% return

Class I · Private Credit

Published return
+5.83% · 2025-04-01 to 2026-03-31 · Computed from filed NAVs + distributions; at NAV. existing total_return_series index[2026-03-31] / index[2025-03-31] - 1 = 5.830385527140%

nav_per_share · to 2025-03-31 · 0001812554-25-000024

nav_per_share · to 2025-04-30 · 0001812554-25-000034

nav_per_share · to 2025-05-31 · 0001812554-25-000039

nav_per_share · to 2025-06-30 · 0001812554-25-000046

nav_per_share · to 2025-07-31 · 0001812554-25-000060

nav_per_share · to 2025-08-31 · 0001812554-25-000070

nav_per_share · to 2025-09-30 · 0001812554-25-000075

nav_per_share · to 2025-10-31 · 0001812554-25-000084

nav_per_share · to 2025-11-30 · 0001812554-25-000087

nav_per_share · to 2025-12-31 · 0001812554-26-000003

nav_per_share · to 2026-01-31 · 0001812554-26-000006

nav_per_share · to 2026-02-28 · 0001812554-26-000015

nav_per_share · to 2026-03-31 · 0001812554-26-000017

dist_per_share · to 2025-04-30 · 0001812554-25-000006

dist_per_share · to 2025-05-30 · 0001812554-25-000034

dist_per_share · to 2025-06-30 · 0001812554-25-000034

dist_per_share · to 2025-07-31 · 0001812554-25-000034

dist_per_share · to 2025-08-29 · 0001812554-25-000060

dist_per_share · to 2025-09-30 · 0001812554-25-000060

dist_per_share · to 2025-10-31 · 0001812554-25-000060

dist_per_share · to 2025-11-28 · 0001812554-25-000084

dist_per_share · to 2025-12-31 · 0001812554-25-000084

dist_per_share · to 2026-01-30 · 0001812554-25-000084

dist_per_share · to 2026-02-27 · 0001812554-26-000006

dist_per_share · to 2026-03-31 · 0001812554-26-000006

Net expense ratio
8.40% · as of 2025-12-31 · Ratio of net expenses to average net assets (5)(6); interest treatment not separately stated. SEC source 0001812554-26-000011

Technical locator

https://www.sec.gov/Archives/edgar/data/1812554/000181255426000011/orcic-20251231.htm | accession 0001812554-26-000011 | class I | class proof I | period 2025-01-01 through 2025-12-31 | period proof For the Years Ended December 31, 2025 | filed label Ratio of net expenses to average net assets (5)(6) | basis net expenses (explicit filing row) | waiver state after/including | route html_table_adapter | cache sha256 c88a394c96d06bff94fcc0c475b7ed1756c2b68f40a4fb7c2fb251b19ed03dec | ledger sha256 a5ffa512979fba7354cae7ee1166a9d750832060a0aab25d4676a13f78076780

Calamos Aksia Alternative Credit & Income Fund · 1.50% expense · +8.33% return

Class I · Private Credit

Published return
+8.33% · 2025-04-01 to 2026-03-31 · SEC filings; basis not stated in the filed row. SEC-filed 2025-04-01 to 2026-03-31 = 8.330000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001104659-26-070842

Net expense ratio
1.50% · as of 2026-03-31 · Ratio of expenses (excluding 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 1.67 % 1.97 % 2.69 % 6 After fees waived and expenses absorbed; excluding borrowing costs. SEC source 0001104659-26-070842

Technical locator

https://www.sec.gov/Archives/edgar/data/1937073/000110465926070842/tm2613655d1_ncsr.htm | accession 0001104659-26-070842 | class I | class proof CLASS I | period 2025-04-01 through 2026-03-31 | period proof FOR THE YEAR ENDED MARCH 31, 2026 | filed label Ratio of expenses (excluding 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 1.67 % 1.97 % 2.69 % 6 After fees waived and expenses absorbed | basis after/including fee relief (explicit filing row) | waiver state after/including | route html_table_adapter | cache sha256 38e80fe45dff80bf6816c3cb30cac20e9434504e40519d21d392ec55a33af976 | ledger sha256 a5ffa512979fba7354cae7ee1166a9d750832060a0aab25d4676a13f78076780

Cliffwater Enhanced Lending Fund · 1.26% expense · +9.55% return

Class I · Private Credit

Published return
+9.55% · 2025-04-01 to 2026-03-31 · SEC filings; basis not stated in the filed row. SEC-filed 2025-04-01 to 2026-03-31 = 9.550000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001213900-26-066323

Net expense ratio
1.26% · as of 2026-03-31 · Ratio of expenses to average net assets: Before fees waived and deferred tax expense 1.26 % 1.27 % 1.30 % 1.28 % 1.54 % 4 After fees waived; interest treatment not separately stated. SEC source 0001213900-26-066323

Technical locator

https://www.sec.gov/Archives/edgar/data/1842754/000121390026066323/ea0290403-01_ncsr.htm | accession 0001213900-26-066323 | class I | class proof Class I | period 2025-04-01 through 2026-03-31 | period proof For the Year Ended March 31, 2026 | filed label Ratio of expenses to average net assets: Before fees waived and deferred tax expense 1.26 % 1.27 % 1.30 % 1.28 % 1.54 % 4 After fees waived | basis after/including fee relief (explicit filing row) | waiver state after/including | route html_table_adapter | cache sha256 53b90eee0940cfbec5e320e41081f8a32b13eb1140cbaaa220fcb397d6483529 | ledger sha256 a5ffa512979fba7354cae7ee1166a9d750832060a0aab25d4676a13f78076780

HPS Corporate Lending Fund · 9.09% expense · +7.76% return

Class I · Private Credit

Published return
+7.76% · 2025-04-01 to 2026-03-31 · Computed from filed NAVs + distributions; at NAV. existing total_return_series index[2026-03-31] / index[2025-03-31] - 1 = 7.762911080614%

nav_per_share · to 2025-03-31 · 0001838126-25-000021

nav_per_share · to 2025-04-30 · 0001838126-25-000034

nav_per_share · to 2025-05-31 · 0001838126-25-000037

nav_per_share · to 2025-06-30 · 0001838126-25-000040

nav_per_share · to 2025-07-31 · 0001838126-25-000058

nav_per_share · to 2025-08-31 · 0001838126-25-000060

nav_per_share · to 2025-09-30 · 0001838126-25-000061

nav_per_share · to 2025-10-31 · 0001628280-25-054529

nav_per_share · to 2025-11-30 · 0001838126-25-000077

nav_per_share · to 2025-12-31 · 0001838126-26-000001

nav_per_share · to 2026-01-31 · 0001628280-26-013698

nav_per_share · to 2026-02-28 · 0001628280-26-021603

nav_per_share · to 2026-03-31 · 0001628280-26-027600

dist_per_share · to 2025-04-30 · 0001838126-25-000021

dist_per_share · to 2025-05-31 · 0001838126-25-000034

dist_per_share · to 2025-06-30 · 0001838126-25-000037

dist_per_share · to 2025-07-31 · 0001838126-25-000040

dist_per_share · to 2025-08-31 · 0001838126-25-000058

dist_per_share · to 2025-09-30 · 0001838126-25-000060

dist_per_share · to 2025-10-31 · 0001838126-25-000061

dist_per_share · to 2025-11-30 · 0001628280-25-054529

dist_per_share · to 2025-12-31 · 0001838126-25-000077

dist_per_share · to 2026-01-31 · 0001838126-26-000001

dist_per_share · to 2026-02-28 · 0001628280-26-013698

dist_per_share · to 2026-03-31 · 0001628280-26-021603

Net expense ratio
9.09% · as of 2025-12-31 · Ratio of net expenses to average net assets; interest treatment not separately stated. SEC source 0001628280-26-020206

Technical locator

https://www.sec.gov/Archives/edgar/data/1838126/000162828026020206/hps-20251231.htm | accession 0001628280-26-020206 | class I | class proof Class I | period 2025-01-01 through 2025-12-31 | period proof Year Ended December 31, 2025 | filed label Ratio of net expenses to average net assets | basis net expenses (explicit filing row) | waiver state after/including | route html_table_adapter | cache sha256 2e40a16dfd71318af03e97f90560525f560faf4b8fd232a8a15b7c206b7fff0a | ledger sha256 a5ffa512979fba7354cae7ee1166a9d750832060a0aab25d4676a13f78076780

Jackson Credit Opportunities Fund · 1.88% expense · +6.21% return

Class I · Private Credit

Published return
+6.21% · 2025-04-01 to 2026-03-31 · SEC filings; basis not stated in the filed row. SEC-filed 2025-04-01 to 2026-03-31 = 6.210000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001982467-26-000015

Net expense ratio
1.88% · as of 2026-03-31 · Annualized Expense Ratios(%); interest treatment not separately stated. SEC source 0001982467-26-000015

Technical locator

https://www.sec.gov/Archives/edgar/data/1982467/000198246726000015/ncsr.htm | accession 0001982467-26-000015 | class I | class proof not separately stated | period 2025-10-01 through 2026-03-31 | period proof Expenses Using Actual Fund Return Expenses Using Hypothetical 5% Return Annualized Expense Ratios(%) Beginning Account Value 10/01/25($) Ending Account Value 03/31/26($) | filed label Annualized Expense Ratios(%) | basis annualized net expense ratio (explicit shareholder-expense example footnote) | waiver state after/including | route flattened_lexical_adapter | cache sha256 fc5894cfee10f2eb31dda9d20675c4f6eb6bb9e1b505ed6551b49ae2597da3cd | ledger sha256 a5ffa512979fba7354cae7ee1166a9d750832060a0aab25d4676a13f78076780

Oaktree Strategic Credit Fund · 7.14% expense · +5.94% return

Class I · Private Credit

Published return
+5.94% · 2025-04-01 to 2026-03-31 · Computed from filed NAVs + distributions; at NAV. existing total_return_series index[2026-03-31] / index[2025-03-31] - 1 = 5.940075256878%

nav_per_share · to 2025-03-31 · 0001193125-25-093517

nav_per_share · to 2025-04-30 · 0001193125-25-129490

nav_per_share · to 2025-05-31 · 0001193125-25-149404

nav_per_share · to 2025-06-30 · 0001193125-25-164394

nav_per_share · to 2025-07-31 · 0001193125-25-188700

nav_per_share · to 2025-08-31 · 0001193125-25-220741

nav_per_share · to 2025-09-30 · 0001193125-25-248745

nav_per_share · to 2025-10-31 · 0001193125-25-297167

nav_per_share · to 2025-11-30 · 0001193125-25-335308

nav_per_share · to 2025-12-31 · 0001193125-26-024886

nav_per_share · to 2026-01-31 · 0001193125-26-071526

nav_per_share · to 2026-02-28 · 0001193125-26-126991

nav_per_share · to 2026-03-31 · 0001193125-26-177254

dist_per_share · to 2025-04-28 · 0001193125-25-093517

dist_per_share · to 2025-05-28 · 0001193125-25-129490

dist_per_share · to 2025-06-26 · 0001193125-25-149404

dist_per_share · to 2025-07-29 · 0001193125-25-164394

dist_per_share · to 2025-08-28 · 0001193125-25-188700

dist_per_share · to 2025-09-29 · 0001193125-25-220741

dist_per_share · to 2025-10-30 · 0001193125-25-248745

dist_per_share · to 2025-11-27 · 0001193125-25-297167

dist_per_share · to 2025-12-29 · 0001193125-25-335308

dist_per_share · to 2026-01-28 · 0001193125-26-024886

dist_per_share · to 2026-02-25 · 0001193125-26-071526

dist_per_share · to 2026-03-27 · 0001193125-26-126991

Net expense ratio
7.14% · as of 2025-09-30 · Ratio of net expenses to average net assets (5); interest treatment not separately stated. SEC source 0001872371-25-000018

Technical locator

https://www.sec.gov/Archives/edgar/data/1872371/000187237125000018/oscf-20250930.htm | accession 0001872371-25-000018 | class I | class proof Class I | period 2024-10-01 through 2025-09-30 | period proof Fiscal year ended September 30, 2025 | filed label Ratio of net expenses to average net assets (5) | basis net expenses (explicit filing row) | waiver state after/including | route html_table_adapter | cache sha256 5863d6b86fe87ba3ca5191808b82d0dfe6d3b5c9d773fe7c1956560381a56351 | ledger sha256 a5ffa512979fba7354cae7ee1166a9d750832060a0aab25d4676a13f78076780

Apollo S3 Private Markets Fund · 2.28% expense · +14.46% return

Class I · Private Equity

Published return
+14.46% · 2025-04-01 to 2026-03-31 · SEC filings; at NAV. SEC-filed 2025-04-01 to 2026-03-31 = 14.460000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001193125-26-253870

Net expense ratio
2.28% · as of 2026-03-31 · Expenses including fee waivers and reimbursements (d); interest treatment not separately stated. SEC source 0001193125-26-253870

Technical locator

https://www.sec.gov/Archives/edgar/data/1978024/000119312526253870/d115376dncsr.htm | accession 0001193125-26-253870 | class I | class proof Class I | period 2025-04-01 through 2026-03-31 | period proof For the Year Ended March 31, 2026 | filed label Expenses including fee waivers and reimbursements (d) | basis after/including fee relief (explicit filing row) | waiver state after/including disclosed support | route html_table_adapter | cache sha256 1be1f3d044bd627917737cc7e5f5de33624ee8280ec39ffbd422edb812272f05 | ledger sha256 648f785ba2b3f25c9c0f895d2ff3241b1ba9bab2ef08bd57e67808ee5625d0d2

Bow River Capital Evergreen Fund · 1.17% expense · +13.00% return

Class I · Private Equity

Published return
+13.00% · 2025-04-01 to 2026-03-31 · SEC filings; basis not stated in the filed row. SEC-filed 2025-04-01 to 2026-03-31 = 13.000000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001213900-26-065701

Net expense ratio
1.17% · as of 2026-03-31 · Net expenses inclusive of interest expense and taxes; including borrowing costs. SEC source 0001213900-26-065701

Technical locator

https://www.sec.gov/Archives/edgar/data/1810256/000121390026065701/ea0288636-01_ncsr.htm | accession 0001213900-26-065701 | class I | class proof Consolidated Financial Highlights * CLASS I SHARES | period 2025-04-01 through 2026-03-31 | period proof For the year ended March 31, 2026 | filed label Net expenses inclusive of interest expense and taxes | basis net expenses inclusive of interest expense and taxes | waiver state after/including disclosed support | route section_variant_adapter | cache sha256 fe80aac5e6a6c91acc45e3a19aa6d31ddf5fe7c3fb4c0c4fdcbd0c5d21acf687 | ledger sha256 648f785ba2b3f25c9c0f895d2ff3241b1ba9bab2ef08bd57e67808ee5625d0d2

Carlyle AlpInvest Private Markets Fund · 2.85% expense · +11.99% return

Class I · Private Equity

Published return
+11.99% · 2025-04-01 to 2026-03-31 · SEC filings; basis not stated in the filed row. SEC-filed 2025-04-01 to 2026-03-31 = 11.990000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001899610-26-000006

Net expense ratio
2.85% · as of 2026-03-31 · Ratio of expenses to average net assets attributable to common shares, including fee waiver (d); interest treatment not separately stated. SEC source 0001899610-26-000006

Technical locator

https://www.sec.gov/Archives/edgar/data/1899610/000189961026000006/capm_202603xn-csr.htm | accession 0001899610-26-000006 | class I | class proof CLASS I | period 2025-04-01 through 2026-03-31 | period proof Year Ended March 31, 2026 | filed label Ratio of expenses to average net assets attributable to common shares, including fee waiver (d) | basis after/including fee relief (explicit filing row) | waiver state after/including disclosed support | route html_table_adapter | cache sha256 3600c60ab5953974d2a4b3fbe56ceca4a890c9bbecea0f996db7f22c147d3da6 | ledger sha256 648f785ba2b3f25c9c0f895d2ff3241b1ba9bab2ef08bd57e67808ee5625d0d2

Cascade Private Capital Fund · 1.14% expense · +20.50% return

Class I · Private Equity

Published return
+20.50% · 2025-04-01 to 2026-03-31 · SEC filings; basis not stated in the filed row. SEC-filed 2025-04-01 to 2026-03-31 = 20.500000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001213900-26-066320

Net expense ratio
1.14% · as of 2026-03-31 · Ratio of expenses to average net assets: Before fees waived and deferred tax expense 1.74 % 1.84 % 1.86 % 2.32 % 2.86 % 4 After fees waived; interest treatment not separately stated. SEC source 0001213900-26-066320

Technical locator

https://www.sec.gov/Archives/edgar/data/1864609/000121390026066320/ea0289743-01_ncsr.htm | accession 0001213900-26-066320 | class I | class proof Class I | period 2025-04-01 through 2026-03-31 | period proof For the Year Ended March 31, 2026 | filed label Ratio of expenses to average net assets: Before fees waived and deferred tax expense 1.74 % 1.84 % 1.86 % 2.32 % 2.86 % 4 After fees waived | basis after/including fee relief (explicit filing row) | waiver state after/including disclosed support | route html_table_adapter | cache sha256 00ceaa0f84abd6f3054c6630a23094bc2b925bfdcc8d0d7b0a0d0a09deb14b25 | ledger sha256 648f785ba2b3f25c9c0f895d2ff3241b1ba9bab2ef08bd57e67808ee5625d0d2

FS MVP Private Markets Fund · 3.01% expense · +11.75% return

Class I · Private Equity

Published return
+11.75% · 2025-04-01 to 2026-03-31 · SEC filings; basis not stated in the filed row. SEC-filed 2025-04-01 to 2026-03-31 = 11.750000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001398344-26-010373

Net expense ratio
3.01% · as of 2026-03-31 · Ratio of net expenses to average net assets, excluding interest expense and tax (c); excluding borrowing costs. SEC source 0001398344-26-010373

Technical locator

https://www.sec.gov/Archives/edgar/data/1856156/000139834426010373/fp0098464-1_ncsr.htm | accession 0001398344-26-010373 | class I | class proof FS MVP Private Markets Fund – Class I Consolidated Financial Highlights | period 2025-04-01 through 2026-03-31 | period proof For the Year Ended March 31, 2026 | filed label Ratio of net expenses to average net assets, excluding interest expense and tax (c) | basis net expenses (explicit filing row) | waiver state after/including disclosed support | route html_table_adapter | cache sha256 9ae1eb3daffd02d879d077c7e1d41f10e0ec7494df8d7794db77633b0fb0d0f9 | ledger sha256 648f785ba2b3f25c9c0f895d2ff3241b1ba9bab2ef08bd57e67808ee5625d0d2

Hamilton Lane Private Assets Fund · 3.40% expense · +14.60% return

Class I · Private Equity

Published return
+14.60% · 2025-04-01 to 2026-03-31 · SEC filings; basis not stated in the filed row. SEC-filed 2025-04-01 to 2026-03-31 = 14.600000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001213900-26-066804

Net expense ratio
3.40% · as of 2026-03-31 · Net expenses 6; interest treatment not separately stated. SEC source 0001213900-26-066804

Technical locator

https://www.sec.gov/Archives/edgar/data/1803491/000121390026066804/ea0291054-01_ncsr.htm | accession 0001213900-26-066804 | class I | class proof Class I Shares | period 2025-04-01 through 2026-03-31 | period proof For the Year Ended March 31, 2026 | filed label Net expenses 6 | basis net expenses (explicit filing row) | waiver state after/including disclosed support | route html_table_adapter | cache sha256 f601ea04a192df1e8e74def1effbbe4ae4b33de0162ecda39172dbf7bd535eda | ledger sha256 648f785ba2b3f25c9c0f895d2ff3241b1ba9bab2ef08bd57e67808ee5625d0d2

Partners Group Private Equity Fund, LLC · 3.04% expense · +5.64% return

Class I · Private Equity

Published return
+5.64% · 2025-04-01 to 2026-03-31 · SEC filings; at NAV. SEC-filed 2025-04-01 to 2026-03-31 = 5.640000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001398344-26-010605

Net expense ratio
3.04% · as of 2026-03-31 · Ratio of net expenses and Incentive Fee to average net assets (5); interest treatment not separately stated. SEC source 0001398344-26-010605

Technical locator

https://www.sec.gov/Archives/edgar/data/1447247/000139834426010605/fp0098460-3_ncsr.htm | accession 0001398344-26-010605 | class I | class proof Class I | period 2025-04-01 through 2026-03-31 | period proof Year Ended March 31, 2026 | filed label Ratio of net expenses and Incentive Fee to average net assets (5) | basis net expenses (explicit filing row) | waiver state after/including disclosed support | route html_table_adapter | cache sha256 b5fef5f9aff139192a08a25a8ac4e22d82f05f47a0ebbbf7a3f604ac71d25651 | ledger sha256 648f785ba2b3f25c9c0f895d2ff3241b1ba9bab2ef08bd57e67808ee5625d0d2

Pomona Investment Fund · 2.32% expense · +3.03% return

Class I · Private Equity

Published return
+3.03% · 2025-04-01 to 2026-03-31 · SEC filings; at NAV. SEC-filed 2025-04-01 to 2026-03-31 = 3.030000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001398344-26-010628

Net expense ratio
2.32% · as of 2026-03-31 · Ratio of net expenses to average Net Assets (f); interest treatment not separately stated. SEC source 0001398344-26-010628

Technical locator

https://www.sec.gov/Archives/edgar/data/1616203/000139834426010628/fp0098286-1_ncsr.htm | accession 0001398344-26-010628 | class I | class proof Class I | period 2025-04-01 through 2026-03-31 | period proof For the Year Ended March 31, 2026 | filed label Ratio of net expenses to average Net Assets (f) | basis net expenses (explicit filing row) | waiver state after/including disclosed support | route html_table_adapter | cache sha256 fbdbf233966b73f2b525c700fd4cafdcd5b1d3f84d2938a1445f4c8eea3a5ab9 | ledger sha256 648f785ba2b3f25c9c0f895d2ff3241b1ba9bab2ef08bd57e67808ee5625d0d2

StepStone Private Markets · 1.91% expense · +10.47% return

Class I · Private Equity

Published return
+10.47% · 2025-04-01 to 2026-03-31 · SEC filings; at NAV. SEC-filed 2025-04-01 to 2026-03-31 = 10.470000000000% cumulative

return constituent · 2025-04-01 to 2026-03-31 · 0001213900-26-066828

Net expense ratio
1.91% · as of 2026-03-31 · Expenses after adviser expense recoupment (reimbursement) 5; interest treatment not separately stated. SEC source 0001213900-26-066828

Technical locator

https://www.sec.gov/Archives/edgar/data/1789470/000121390026066828/ea0293635-01_ncsr.htm | accession 0001213900-26-066828 | class I | class proof Class I | period 2025-04-01 through 2026-03-31 | period proof For the Year Ended March 31, 2026 | filed label Expenses after adviser expense recoupment (reimbursement) 5 | basis after adviser recoupment/reimbursement (explicit filing row) | waiver state after/including disclosed support | route html_table_adapter | cache sha256 b6dbb12ac754389bbb6b2f750b19c7d398a027b297cc85f90e01615b5c45fb71 | ledger sha256 648f785ba2b3f25c9c0f895d2ff3241b1ba9bab2ef08bd57e67808ee5625d0d2

Apollo Diversified Real Estate Fund · 1.66% expense · +2.04% return

Class I · Private Real Estate

Published return
+2.04% · 2025-04-01 to 2026-03-31 · SEC-derived from filed sub-periods; basis not stated in the filed row. compound (1 + 1.125418229748/100) × (1 + 0.900000000000/100) - 1 = 2.035546993815%; decomposition: (1 + -0.260000000000/100) / (1 + -1.370000000000/100) - 1

return constituent · 2024-10-01 to 2025-09-30 · 0001398344-25-022019

return constituent · 2024-10-01 to 2025-03-31 · 0001193125-25-135843

return constituent · 2025-10-01 to 2026-03-31 · 0001398344-26-010317

Net expense ratio
1.66% · as of 2025-09-30 · Ratios to Average Net Assets (excluding interest expense) Ratio of expenses to average net assets excluding fee waivers and reimbursements/recoupment of previously waived fees (d) 1.71 % 1.68 % 1.62 % 1.60 % 1.65 % Ratio of expenses to average net assets including fee waivers and reimbursements/recoupment of previously waived fees (d); excluding borrowing costs. SEC source 0001398344-25-022019

Technical locator

https://www.sec.gov/Archives/edgar/data/1597634/000139834425022019/fp0096462-1_ncsr.htm | accession 0001398344-25-022019 | class I | class proof Apollo Diversified Real Estate Fund - Class I Financial Highlights | period 2024-10-01 through 2025-09-30 | period proof For the Year Ended September 30, 2025 | filed label Ratios to Average Net Assets (excluding interest expense) Ratio of expenses to average net assets excluding fee waivers and reimbursements/recoupment of previously waived fees (d) 1.71 % 1.68 % 1.62 % 1.60 % 1.65 % Ratio of expenses to average net assets including fee waivers and reimbursements/recoupment of previously waived fees (d) | basis after/including fee relief (explicit filing row) | waiver state after/including disclosed support | route html_table_adapter | cache sha256 ec03e297ef0999eba22a99d93c8df2f54dbf1b047e89e239dc65f0352564372e | ledger sha256 ac6aa50d9cdb759548ee1d58ebfb3deb1551cb94939b4cb08cccfe47b3470d97

KKR Real Estate Select Trust Inc. · 2.40% expense · +1.03% return

Class I · Private Real Estate

Published return
+1.03% · 2025-04-01 to 2026-03-31 · Manager-reported; manager-reported net return. compound (1 + -0.340000000000/100) × (1 + -0.860000000000/100) × (1 + 0.700000000000/100) × (1 + 0.050000000000/100) × (1 + 0.010000000000/100) × (1 + 0.200000000000/100) × (1 + 0.650000000000/100) × (1 + -0.010000000000/100) × (1 + 0.270000000000/100) × (1 + 0.610000000000/100) × (1 + -0.680000000000/100) × (1 + 0.440000000000/100) - 1 = 1.030717252219%

return constituent · 2025-04-01 to 2025-04-30 · KKR

return constituent · 2025-05-01 to 2025-05-31 · KKR

return constituent · 2025-06-01 to 2025-06-30 · KKR

return constituent · 2025-07-01 to 2025-07-31 · KKR

return constituent · 2025-08-01 to 2025-08-31 · KKR

return constituent · 2025-09-01 to 2025-09-30 · KKR

return constituent · 2025-10-01 to 2025-10-31 · KKR

return constituent · 2025-11-01 to 2025-11-30 · KKR

return constituent · 2025-12-01 to 2025-12-31 · KKR

return constituent · 2026-01-01 to 2026-01-31 · KKR

return constituent · 2026-02-01 to 2026-02-28 · KKR

return constituent · 2026-03-01 to 2026-03-31 · KKR

Net expense ratio
2.40% · as of 2025-12-31 · Expenses, after waivers (5); interest treatment not separately stated. SEC source 0001193125-26-086188

Technical locator

https://www.sec.gov/Archives/edgar/data/1803958/000119312526086188/d108508dncsr.htm | accession 0001193125-26-086188 | class I | class proof Class I | period 2025-01-01 through 2025-12-31 | period proof For the Year Ended December 31, 2025 | filed label Expenses, after waivers (5) | basis after/including fee relief (explicit filing row) | waiver state after/including disclosed support | route html_table_adapter | cache sha256 d2fbbcdc117744c98e5ad4cba2970d8fc11ab81cc57b8310a4b6eacf0965d2dc | ledger sha256 ac6aa50d9cdb759548ee1d58ebfb3deb1551cb94939b4cb08cccfe47b3470d97