Third Avenue Real Estate Value Fund Institutional Class (TAREX)

31.99
Net Asset Value
-0.68%
1 Day
+1.65%
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-1.14% 3 years+14.88%
3 months-1.99% 5 years+14.54%
1 year+3.47% Since inception+11.86%
Data through --

Peer Comparisonvs. Global real estate

 TAREXCategory
Performance 5-yr return+14.54%+11.13%
Expense ratio1.09%1.41%
Risk 5 year sharpe ratio0.870.76
Net assets$3.6B$689.4M
Average market cap$6.1B$9.6B
Average P/E13.016.5
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 stock42.76%
U.S. stock37.09%
Cash16.43%
Fixed income2.83%
Other0.88%
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 Co4.91%
FCEA Forest City Enterprises Inc4.17%
-- 3.90%
-- 3.89%
FR First Industrial Realty Trust Inc3.30%
-- 3.13%
-- 2.99%
-- 2.68%
EQC Equity Commonwealth2.66%
-- 2.61%

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