Third Avenue Real Estate Value Fund UCITS
Class A1 (USD) Inception: March 31, 2009 | Class A4 (USD) Inception: November 29, 2011
Michael Winer | Lead Portfolio Manager
Jason Wolf, CFA | Lead Portfolio Manager
Ryan Dobratz, CFA | Lead Portfolio Manager
Founded in 1998, Third Avenue’s value-oriented real estate strategy seeks long term capital appreciation by investing globally across an expansive universe that includes both real estate and real estate-related securities worldwide and across the capital structure.
An Uncommon Approach to Global Real Estate Investing.
Focus on Real Estate & Real Estate-Related Securities
Our Real Estate Strategy seeks total return with a focus on capital appreciation over current income. The Strategy invests globally across the capital structure and has an expansive opportunity set that Includes Real Estate Operating Companies (REOCs), Real Estate Investment Trusts (REITs), and real estate-related companies. The Strategy is actively managed concentrating on highest conviction ideas and holding cash when there are fewer buying opportunities.
Named “Best Global Real Estate Fund” at 2015 Lipper Awards in Germany, Switzerland, Europe, and France
The Third Real Estate Value Fund UCITS was recognized for the 4 times the 2015 Lipper Fund Awards. In France, this award recognizes the Fund as the top performer among 23 funds in funds in the Equity Sector Real Estate Holdings Global category. The Team was also named Best Global Real Estate Fund in the 2015 Germany Awards (out of 38 Funds), 2015 Switzerland Awards (out of 31 Funds), and 2015 Europe Awards (out of 31 Funds).
1 Active Share is the percentage of a fund’s portfolio that differs from the benchmark index. The FTSE EPRA/NAREIT Developed Real Estate Index was developed by the European Public Real Estate Association (EPRA), a common interest group aiming to promote, develop and represent the European public real estate sector, and the North American Association of Real Estate Investment Trusts (NAREIT), the representative voice of the US REIT industry. The index series is designed to reflect the stock performance of companies engaged in specific aspects of the North American, European and Asian Real Estate markets. The Index is capitalization-weighted.
Indices are not securities that can be purchased or sold, and their total returns are reflective of unmanaged portfolios. The returns include reinvestment of interest, capital gains and dividends.
For information purposes only. It does not constitute an offer, solicitation or invitation to buy the Fund’s shares in any jurisdiction. Potential eligible investors should contact their financial advisor, or the Fund’s Administrator, BNY Mellon Investment Services (International) Ltd., at +353 5391 49880 or firstname.lastname@example.org for more information, including a prospectus and simplified prospectus. Potential eligible investors should read the prospectus, simplified prospectus and relevant supplement carefully, considering the investment objectives, risks, charges, and expenses of the investment company, before making any investment decision or sending money. The prospectus, simplified prospectus and supplements contain this and other important information about the Fund.
Active Management, High Active Share
Active Share vs. NAREIT Developed Index1
Total Equity Holdings
Quarterly Fund Fact Sheet
Quarterly Commentary/Shareholder Letter
Real Estate Value Prospectus Supplement
Key Investor Information Documents – English
Key Investor Information Documents – French
Key Investor Information Documents – Swiss
Presentation as of June 30, 2016
Memorandum and Articles of Association
UCITS Funds Prospectus – English (Sep 2016)
UCITS Funds Prospectus Addendum– English
UCITS Funds Prospectus – French
UCITS Funds Prospectus Supplement – French
UCITS Funds Prospectus Supplement – Luxembourg
UCITS Funds Prospectus Supplement – UK
UCITS Funds Prospectus Supplement – German
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