Global Real Estate
Third Avenue Real Estate Value Fund
Last updated: 2026-09-03
The Verdict
Third Avenue Real Estate Value Fund charges an expense ratio of 1.16%. On a $100,000 portfolio, that's $1,160 per year in fees, and it scales with the amount invested. Supreme.PM's decoded model tracked it at 99% correlation, for a flat monthly subscription that does not change with portfolio size.
Expense Ratio
1.16%
Star Rating
4/ 5
Market Beta
0.96
Model Correlation
99%
Sharpe Ratio
0.34
Max Drawdown
28.65%
Supreme.PM Cost
Flat monthly subscription
Not a percentage of your assets
Performance
Performance comparison — 1Y: Fund -7.5% vs Model -5.3%; 3Y: Fund 35.3% vs Model 46.0%; 5Y: Fund 19.2% vs Model 33.7%.
Alpha After Fees
Supreme.PM's model achieves 99% correlation with Third Avenue Real Estate Value Fund, providing similar exposure at a flat subscription cost.
Fee Analysis
Third Avenue Real Estate Value Fund charges 1.16% of assets annually. Supreme.PM charges a flat monthly subscription instead, so its cost does not rise as a portfolio grows.
Data sources: Refinitiv Lipper, SEC EDGAR Filings, Supreme.PM Analytics
Past performance does not guarantee future results. Model returns are backtested and may not reflect actual trading conditions.
Related
Global Real Estate Category
Browse all Global Real Estate funds
Global Real Estate Rankings
Top-rated Global Real Estate funds
Our Methodology
How we decode fund strategies
Invesco Global Real Estate Income Fund
3-star rated
Cohen & Steers Global Realty Shares
4-star rated
AB Global Real Estate Investment Fund II
4-star rated
Russell Investments Global Real Estate Securities
PACE Global Real Estate Securities Investment
1-star rated
Frequently Asked Questions
What is the expense ratio of Third Avenue Real Estate Value Fund?
Third Avenue Real Estate Value Fund has an expense ratio of 1.16%, charged as a percentage of the amount invested. Supreme.PM's decoded model is offered for a flat monthly subscription instead.
How does Supreme.PM replicate Third Avenue Real Estate Value Fund?
Supreme.PM builds a transparent, rules-based model of listed securities designed to track this fund's return profile. Over the measured period it tracked the fund closely, at 99% correlation. The model is published in full, so its positions are visible rather than disclosed with a delay.
What are the risks of fund replication?
While our models aim for high correlation, they may not perfectly match the fund's returns due to timing differences in rebalancing, transaction costs, and disclosure delays. Backtested results may not reflect future performance.
Get This Strategy
Start investing with Supreme.PM's decoded model and save on fees while capturing similar returns.