Versus Capital Multi-Manager Real Estate Income Fund
Versus Capital Real Assets Fund
Distributor: Foreside Funds Distributors LLC
SOME OF THE RISKS OF INVESTING IN THE FUNDS:
INVESTORS SHOULD CAREFULLY CONSIDER THE FUNDS’ INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES BEFORE INVESTING. A PROSPECTUS WITH THIS AND OTHER INFORMATION ABOUT THE FUNDS MAY BE OBTAINED BY CLICKING THE PROSPECTUS LINKS ABOVE. INVESTORS SHOULD READ IT CAREFULLY BEFORE INVESTING. AN INVESTMENT IN THE FUNDS IS SUBJECT TO A HIGH DEGREE OF RISK. THESE RISKS INCLUDE, BUT ARE NOT LIMITED TO, THOSE OUTLINED BELOW.
- The Funds are not intended as a complete investment program but instead as a way to help investors diversify into real estate.
- An investment is not suitable for investors that require liquidity, other than through the Funds’ repurchase policy.
- The Funds’ shares are not listed on any securities exchange and there is no secondary market in the shares.
- An investor cannot sell shares other than through the Funds’ repurchase policy, regardless of how the Funds perform.
- There is no guarantee that shareholders will be able to sell all of their tendered shares during a quarterly repurchase offer.
- The Funds’ distribution policy could result in a return of capital, resulting in less of a shareholder’s assets being invested in the Funds and, over time, potentially causing the Funds’ expense ratios to increase.
- The distribution policy also may cause the Funds to sell a security at a time it would not otherwise do so.
- The Funds are “non-diversified” under the Investment Company Act of 1940.
- Real estate entails special risks, including tenant default, environmental problems, and adverse changes in local economies.
- The Funds and underlying Investment Managers may borrow up to one-third of the Funds’ gross asset value, which could magnify losses as well as gains.
- Yield from an underlying fund could be significantly reduced if it fails to qualify as a REIT for tax purposes.
- Targeted portfolio diversification may not be achieved if Investment Managers take similar market positions.
- The Adviser and Investment Managers manage portfolios for themselves and other clients; a conflict of interest between Funds and these other parties may arise which could disadvantage the Funds.