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Third Avenue Real Estate Value Fund Institutional Class (TAREX)

30.44
Net Asset Value
-0.75%
1 Day
-3.27%
Year-to-Date
Overall Morningstar Rating
Global real estate
Style or Category
No Load
Sales Expenses
1.09%
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 and real estate-related companies. The fund may invest in companies of any market capitalization. It is non-diversified.

Performance

1 month-4.69% 3 years+12.14%
3 months-6.69% 5 years+12.25%
1 year-1.84% Since inception+11.64%
Data through --

Peer Comparisonvs. Global real estate

 TAREXCategory
Performance 5-yr return+12.25%+11.13%
Expense ratio1.09%1.40%
Risk 5 year sharpe ratio0.970.69
Net assets$3.6B$705.2M
Average market cap$7.5B$9.5B
Average P/E13.215.3
Portfolio turnover14%14%

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureMichael Winer / 16 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

International stock40.39%
U.S. stock38.38%
Cash17.74%
Fixed income2.67%
Other0.82%
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
WY Weyerhaeuser Co4.64%
-- 4.28%
FCEA Forest City Enterprises Inc3.89%
-- 2.99%
-- 2.90%
FR First Industrial Realty Trust Inc2.88%
-- 2.85%
MAC Macerich Co2.80%
-- 2.63%
-- 2.61%

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