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Third Avenue Real Estate Value A1 USD Acc

Ranked 46 out of 46 in - Global Equity over 12 months
All calculations are in CHF unless stated

Managed by

Ryan Dobratz

Ryan Dobratz works at Third Avenue Management based in New York where he manages real estate funds using a value investment style. He previously worked at Morningstar and before that, Ernst & Young. A CFA charterholder with over 20 years' experience in fund management, Ryan graduated from the University of Missouri where he studied Finance and Business Management, and outside of work he enjoys skiing and golf.

Jason Wolf

Born in the United States and now based in New York, Jason Wolf is a portfolio manager at Third Avenue Management. Wolf has worked at the company since joining in 2004, having previously held analyst positions at European Investors, Moody’s Investor Service and Viceroy Investments. He co-manages the Third Avenue Real Estate Value fund and has helped oversee the fund’s shift from US small to mid-cap companies to a greater global exposure. Wolf was educated at Southern Methodist University, where he studied finance and real estate and is a member of the New York Society of Security Analysts.

Objective

The Fund seeks to achieve its objective by investing its assets primarily in securities of real estate and real estate-related companies, or in companies which own signifi cant real estate assets at the time of investment or in real estate investment trusts (real estate companies). These securities will primarily be equity securities (which may include both common and preferred stocks, and convertible securities) of well financed real estate companies (meaning companies believed to be without signifi cant liabilities in comparison to their liquid resources).

Showing fund performance in Switzerland View performance globally

Performance

Global Equity over : 30/11/2017 - 30/11/2018
  • Rank 46/46 Total Return
  • Rank 26/46 Standard Deviation
  • Rank 46/46 Max Drawdown

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -4.2% 2.4% -5.9%
2017 17.3% 7.0% -1.7% 4.5% 6.8%
2016 4.9% -3.7% 2.6% 4.4% 1.7%
2015 -3.9% 0.8% -5.7% -2.8% 3.9%
2014 25.4% 4.3% 5.1% 5.0% 9.0%
2013 9.8% 8.4% -2.0% 1.3% 2.1%
2012 28.3% 12.2% 4.7% 6.9% 2.1%
2011 -13.3% 0.1% -6.4% -15.7% 9.7%
2010 5.9% 5.1% -6.3% 3.6% 3.8%
2009 22.8% 11.2% 2.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/10/2018

Top 10 Holdings

Stock Size
USD Cash 6.25%
CK Asset Holdings Ltd ORD 6.25%
Brookfield Asset Management Inc ORD 5.61%
Weyerhaeuser Co ORD 5.13%
Lennar Corp ORD 5.05%
Macerich Co ORD 4.99%
Henderson Land Development Co Ltd ORD 4.81%
Rayonier Inc ORD 4.37%
PNC Financial Services Group Inc ORD 4.03%
Wheelock and Co Ltd ORD 3.91%
31/10/2018

Registered For Sale In

  1. Ireland
  2. Luxembourg
  3. Switzerland
  4. United Kingdom

Fund Info

  • Launch date31/03/2009
  • Share Class size136Mn
  • Base currencyUSD
  • ISIN IE00B57HGY48

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment0

Charges

  • Annual management1.60%
  • Initial investment1.60%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).