PRINT

Broadstone Real Estate Access Fund

BDREX

Broadstone Real Estate Access Fund (“BDREX” or the “Fund”) is a continuously offered, closed-end interval fund registered under the Investment Company Act of 1940 that deploys investor capital into a diversified pool of actively managed real estate holdings. BDREX offers investors exposure to direct real estate investments in commercial real estate properties; private real estate funds; and public real estate securities. In turn, investors may benefit from the access and diversification afforded by the Fund, along with quarterly liquidity and daily pricing features.
Direct real estate investments will be held through a subsidiary wholly-owned or controlled by BDREX that qualifies as a real estate investment trust. Investments may include acquisitions of buildings within one or more of these property types: office sector; retail sector; multifamily properties; and industrial properties.

Fund Objective

BDREX seeks to generate a return comprised of both current income and long-term capital appreciation with low-to-moderate volatility and low correlation to the broader markets.
There is no guarantee the Fund will achieve its objectives, generate profits, or avoid losses.

About BDREX

Distributions

The Fund targets a 5% annualized distribution.1

Daily Pricing

The Fund’s NAV is calculated and posted on a daily basis.

Simple Tax Reporting

Investors receive a 1099.

Quarterly Liquidity

Investors may redeem a stated portion of outstanding shares on a quarterly basis.2

Dividend Reinvestment

DRIP program available (automatic enrollment, but investors may opt out).
Fund Information I Shares W Shares
Ticker BDREX BDRWX
CUSIP 11135A201 11135A102
Inception Date 10.04.18 10.04.18
Dividend Frequency Quarterly Quarterly
Min. Initial Investment $1,000,000 $2,500
Sales Load None None

1Target annualized distribution is measured at the Fund level and is not equal to actual returns for an investor. As portfolio and market conditions change, distributions will vary and target annualized distribution may not be obtained in the future. Dividends are not guaranteed and a company’s future abilities to pay dividends may be limited. Portions of the distributions that the Fund makes may be a return of the money that shareholders originally invested and represent a return of capital to shareholders for tax purposes.

2The number of shares that the Fund will offer to repurchase will be determined by the Board of Trustees on a quarterly basis and is anticipated to be 5%. Redemptions within 90 days of purchase may be subject to a fee. There is no guarantee that an investor will be able to sell all the shares that the investor desires to sell in any repurchase offer. See the prospectus for more details.

Class Symbol CUSIP
Class I BDREX 11135A201
Class W BDRWX 11135A102
Daily as of 04/02/2020
Fund Daily NAV
BDREX
Class I
 $9.08
BDRWX
Class W
 $9.08
Quarterly as of 3/31/2020
Fund Distribution
BDREX
Class I		 5.13%
BDRWX
Class W		 4.88%
Daily as of 04/02/2020
Fund Distribution
BDREX
Class I
 5.29%
BDRWX
Class W
 5.02%

Class I gross expenses are 4.23% and net expenses after fee waiver and reimbursement are 2.71%, Class W gross expenses are 4.48% and net expenses after fee waiver and reimbursement are 2.96%.* The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until September 25, 2020 to ensure that the net annual fund operating expenses will not exceed 1.74% for Class I and 1.99% for Class W, subject to possible recoupment from the Fund in future years. Please review the Fund’s Prospectus for more detail on the expense waiver. *Expense information as of the Prospectus dated February 3, 2020.