Third Avenue Real Estate Value Fund Institutional Class (TAREX)

32.39
Net Asset Value
+0.31%
1 Day
+2.92%
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-1.13% 3 years+15.68%
3 months+2.27% 5 years+13.13%
1 year+12.30% Since inception+12.03%
Data through --

Peer Comparisonvs. Global real estate

 TAREXCategory
Performance 5-yr return+13.13%+9.92%
Expense ratio1.09%1.42%
Risk 5 year sharpe ratio1.000.77
Net assets$3.5B$727.0M
Average market cap$5.9B$9.5B
Average P/E11.916.5
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 stock41.17%
U.S. stock39.39%
Cash15.60%
Fixed income2.79%
Other1.05%
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 Co4.93%
-- 3.85%
FCEA Forest City Enterprises Inc3.78%
-- 3.29%
FR First Industrial Realty Trust Inc3.15%
-- 3.12%
-- 3.01%
LOW Lowe's2.97%
-- 2.95%
EQC Equity Commonwealth2.86%

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