Third Avenue Real Estate Value Fund Institutional Class (TAREX)

33.31
Net Asset Value
-0.36%
1 Day
-2.97%
Year-to-Date
Overall Morningstar Rating
Global real estate
Style or Category
No Load
Sales Expenses
1.11%
Expense Ratio
Average
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.

Performance

1 month+0.30% 3 years+5.13%
3 months-6.43% 5 years+8.28%
1 year+7.20% Since inception+10.93%
Data through --

Peer Comparisonvs. Global real estate

 TAREXCategory
Performance 5-yr return+8.28%+4.54%
Expense ratio1.11%1.32%
Risk 5 year sharpe ratio0.840.40
Net assets$1.9B$697.0M
Average market cap$10.0B$5.3B
Average P/E15.912.4
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

Holdings

International stock46.23%
U.S. stock41.78%
Cash11.57%
Fixed income0.43%
Other0.00%
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
-- 6.38%
LEN Lennar Corp5.55%
WY Weyerhaeuser Co5.45%
FCEA Forest City Realty Trust Inc4.84%
-- 4.74%
-- 4.68%
RYN Rayonier Inc4.60%
-- 4.34%
FPH Five Point Holdings LLC4.25%
-- 4.07%