SKRADD Indices

The SKRADD Indices aim to measure the performance of the semi-liquid alternative asset fund space by tracking the total return of the largest programs in each defined segment. We currently publish three non-traded investment fund indices: the SKRADD-IFC Index, the SKRADD-BDC Index, and the SKRADD-NTRE Index, which track the performance of credit-focused interval funds, non-traded BDCs, and non-traded equity REITs, respectively. The indices are updated quarterly, re-balanced annually, and value-weighted.

Interval Funds

Non-Traded BDCs

Non-Traded REITs

Credit Interval Fund Index - Q3 2025

Index Overview The SK Research and Due Diligence, LLC Interval Fund Credit ( SKRADD-IFC ) Index tracks the performance of the twenty largest interval funds primarily investing in credit investments. The index constituents are weighed by fund net assets as measured during the fourth calendar quarter of the prior year. Index returns are calculated on a quarterly basis and rebalanced annually. For more information, the methodology documentation can be found here . Index Perform

Credit Interval Fund Index - Q2 2025

Index Overview The SK Research and Due Diligence, LLC Interval Fund Credit ( SKRADD-IFC ) Index aims to track the performance of the...

Credit Interval Fund Index - Q1 2025

Index Overview The SK Research and Due Diligence, LLC Interval Fund Credit (“SKRADD-IFC”) Index tracks the performance of the twenty...

Credit Interval Fund Index - Q4 2024

Q4 Performance Summary Credit Interval Funds: +1.8% The SKRADD-IFC Index gained 1.8% in Q4, marking the second consecutive quarter of...

Credit Interval Fund Index - Q3 2024

Q3 Performance Summary Credit Interval Funds: +2.9% The SKRADD-IFC rose by 2.9% in Q3, with all constituents generating positive returns....

Credit Interval Fund Index - Q2 2024

Q2 Performance Summary Credit Interval Funds: +2.1% The SKRADD-IFC index rose 2.1% during the second quarter, marking its eighth...

Credit Interval Fund Index - Q1 2024

Q1 Performance Summary Credit Interval Funds: +2.9% The SKRADD-IFC Index rose 2.9% during Q1 2024, with all constituent funds posting a...

Non-Traded BDC Index - Q3 2025

Index Overview The SK Research and Due Diligence, LLC Non-Traded BDC ( SKRADD-BDC ) Index tracks the performance of the twenty largest non-traded BDCs, based on net assets and subject to eligibility requirements. The index constituents are weighed by fund net assets as measured during the fourth calendar quarter of the prior year. For more information, view the methodology documentation here . Index Performance The Morningstar LSTA US Leveraged Loan 100 Index (LSTA 100) is a

Non-Traded BDC Index - Q2 2025

Index Overview The SK Research and Due Diligence, LLC Non-Traded BDC ( SKRADD-BDC ) Index tracks the performance of the twenty largest...

Non-Traded BDC Index - Q1 2025

Non-Traded BDC Index Overview The SK Research and Due Diligence, LLC Non-Traded BDC (“SKRADD-BDC”) Index aims to track the performance of...

Non-Traded BDC Index - Q4 2024

Q4 Performance Summary Non-Traded BDCs: +2.6% The SKRADD-BDC Index gained 2.6% in Q4, with all constituents reporting positive returns,...

Non-Traded BDC Index - Q3 2024

Q3 Performance Summary Non-Traded BDCs: +2.7% The SKRADD-BDC Index gained 2.7% in Q3, with all constituents reporting positive returns....

Non-Traded BDC Index - Q2 2024

Q2 Performance Summary Non-Traded BDCs: +2.5% The SKRADD-BDC Index posted a gain of 2.5% in Q2, with all but one constituent reporting...

Non-Traded BDC Index - Q1 2024

Q1 Performance Summary Non-Traded BDCs: +3.2% The SKRADD-BDC Index gained 3.2% in Q1, with all constituents posting a return of 2% or...

Non-Traded REIT Indices - Q3 2025

Index Overview The SK Research and Due Diligence, LLC (SKRADD) Non-Traded REIT Equity indices track the performance of the ten largest non-traded, perpetual-life equity REITs, based on net assets and subject to eligibility requirements. Constituent candidates for the Non-Traded Equity REIT Index ( SKRADD-NTRE ) include non-traded, perpetual-life equity REITs. The Non-Traded Equity Diversified REIT Index ( SKRADD-NTRED ) does not allow for the inclusion of sector-specific prog

Non-Traded REIT Indices - Q2 2025

Index Overview The SK Research and Due Diligence, LLC (SKRADD) Non-Traded REIT Equity indices track the performance of the ten largest...

Non-Traded REIT Indices - Q1 2025

Non-Traded REIT Index Overview The SK Research and Due Diligence, LLC ("SKRADD") Non-Traded REIT Equity indices track the performance of...

Non-Traded REIT Indices - Q4 2024

Performance Summary SKRADD-NTRE : +0.6% | SKRADD-NTRED: +0.5% Positive Q4 returns for both indices, with NTRE edging out NTRED by less...

Non-Traded REIT Indices - Q3 2024

Q3 Performance Summary SKRADD-NTRE: +0.3% | SKRADD-NTRED: +0.4% Both the NT REIT Equity Index (NTRE) and the NT Diversified REIT...

Non-Traded REIT Indices - Q2 2024

Q2 Performance Summary SKRADD-NTRE: +0.2% | SKRADD-NTRED: +0.1% Both non-traded REIT indices saw slight gains in Q2 2024, with the...

Non-Traded REIT Indices - Q1 2024

Q1 Performance Summary SKRADD-NTRE: +0.1% The SKRADD-NTRE, which tracks the largest non-traded equity REITs, returned 0.1% in Q1 2024....