Third Avenue Real Estate Value Fund Institutional Class (TAREX)
| 31.95 Net Asset Value | -0.59% 1 Day | +10.86% Year-to-Date | Overall Morningstar Rating |
| Global real estate Style or Category | No Load Sales Expenses | 1.08% Expense Ratio | Low 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 companies. The fund may invest in companies of any market capitalization. It also invests in both domestic and foreign securities. The fund is non-diversified.
Performance
| 1 month | +1.04% | 3 years | +13.93% | |
| 3 months | +4.41% | 5 years | +16.62% | |
| 1 year | +17.07% | Since inception | +12.11% |
Data through --
Peer Comparisonvs. Global real estate
| TAREX | Category | |
|---|---|---|
| Performance 5-yr return | +16.62% | +15.27% |
| Expense ratio | 1.08% | 1.43% |
| Risk 5 year sharpe ratio | 1.11 | 0.93 |
| Net assets | $2.9B | $733.3M |
| Average market cap | $6.1B | $9.3B |
| Average P/E | 12.2 | 16.7 |
| Portfolio turnover | 13% | 13% |
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Fund Management and Purchase Info
| Fund family | Third Avenue |
| Fund manager & tenure | Michael Winer / 15 Years |
| Minimal initial investment | $100,000.00 |
| Minimum IRA investment | $100,000.00 |
Holdings
| International stock | 45.86% |
| U.S. stock | 30.42% |
| Cash | 20.53% |
| Fixed income | 3.18% |
| Other | 0.00% |
Top 5 SectorsPortfolio weighting
| Financial service | 91.79% |
| Industrial materials | 8.21% |
| Business service | 0.00% |
| Consumer goods | 0.00% |
| Consumer service | 0.00% |
Top 10 HoldingsPortfolio weighting
| -- Newhall Holding Co Llc, Class A | 4.88% |
| FCEA Forest City Enterprises Inc Class A | 4.16% |
| -- Songbird Estates PLC | 3.94% |
| -- Cheung Kong Holdings Ltd | 3.67% |
| WY Weyerhaeuser Co | 3.47% |
| FR First Industrial Realty Trust Inc | 2.90% |
| LOW Lowe's Companies Inc | 2.90% |
| -- Hammerson PLC | 2.88% |
| -- Westfield Group | 2.81% |
| -- Wereldhave NV | 2.53% |
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