Third Avenue Real Estate Value Fund Institutional Class (TAREX)

Net Asset Value
1 Day
Overall Morningstar Rating
Global real estate
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation. The fund seeks to achieve its objective primarily by investing in equity securities- including common stocks and convertible securities- of well-financed real estate and real estate-related companies- or in companies which own significant real estate assets or derive a significant portion of gross revenues or net profits from real estate-related companies at the time of investment. It invests at least 80% of its net assets in securities of real estate and real estate-related companies. The fund may invest in companies of any market capitalization.


1 month+1.12% 3 years+6.25%
3 months+0.85% 5 years+9.68%
1 year+12.42% Since inception+10.90%
Data through --

Peer Comparisonvs. Global real estate

Performance 5-yr return+9.68%+6.13%
Expense ratio1.11%1.32%
Risk 5 year sharpe ratio0.850.40
Net assets$1.9B$692.3M
Average market cap$9.3B$5.3B
Average P/E14.512.5
Portfolio turnover7%7%

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureJason Wolf / 7 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00


International stock43.51%
U.S. stock42.84%
Fixed income0.41%
Top 5 Sectors
Portfolio weighting
Financial service 91.79%
Industrial materials 8.21%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Top 10 Holdings
Portfolio weighting
LEN Lennar Corp5.73%
-- 5.68%
WY Weyerhaeuser Co5.54%
FCEA Forest City Realty Trust Inc5.23%
RYN Rayonier Inc4.82%
-- 4.56%
-- 4.48%
-- 4.34%
-- 4.32%
FPH Five Point Holdings LLC4.08%