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Third Avenue Real Estate Value Fund Investor Class (TVRVX)

Net Asset Value
1 Day
Overall Morningstar Rating
Global real estate
Style or Category
No Load
Sales Expenses
Expense Ratio
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.


1 month-2.09% 3 years+10.26%
3 months+0.32% 5 years+10.33%
1 year-0.74% Since inception+10.83%
Data through --

Peer Comparisonvs. Global real estate

Performance 5-yr return+10.33%+6.75%
Expense ratio1.34%1.39%
Risk 5 year sharpe ratio0.770.54
Net assets$3.5B$638.9M
Average market cap$7.0B$9.7B
Average P/E12.915.1
Portfolio turnover14%14%

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureMichael Winer / 17 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00


U.S. stock43.59%
International stock39.95%
Fixed income0.78%
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 Co4.82%
FCEA Forest City Enterprises Inc4.30%
FR First Industrial Realty Trust Inc3.65%
MAC Macerich Co3.60%
RYN Rayonier Inc3.40%
-- 3.38%
-- 3.08%
VNO Vornado Realty Trust2.96%
-- 2.85%
-- 2.83%