Morningstar

Third Avenue Real Estate Value Fund Institutional Class TAREX

Morningstar Medalist Rating
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Medalist Rating as of See Third Avenue Investment Hub
  • NAV / 1-Day Return $21.75  /  −0.64 %
  • Fund Size $255.0M
  • Adjusted Expense Ratio 1.170%
  • Net Expense Ratio 1.160%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Global Real Estate
  • Equity Style Box (Funds) Mid Value
  • Minimum Initial Investment $10,000
  • Investment Status Open
  • TTM Yield 1.32%
  • Turnover Ratio 16%
NAV and 1-Day Return as of

Morningstar’s Analysis TAREX

Will TAREX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TAREX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TAREX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TAREX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A differentiated approach to global real estate investing.

Associate Analyst Mary Marshall

Mary Marshall

Associate Analyst

Summary

Third Avenue Real Estate Value’s practiced comanagers lead this strategy through a contrarian approach to build a concentrated portfolio that is differentiated from its peers.

by Mary Marshall
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Portfolio Holdings TAREX

More TAREX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 45.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CBRE Group Inc Class A

5.68 17M
Real Estate

Brookfield Corp Registered Shs -A- Limited Vtg

5.21 16M
Financial Services

U-Haul Holding Co Ordinary Shares - Series N

5.08 15M
Industrials

Federal National Mortgage Association Fannie Mae Fixed/Floating Rate Non Cu

4.57 14M
Financial Services

Federal Home Loan Mortgage Corp FXDFR PRF PERPETUAL USD 25

4.48 14M
Financial Services

Five Point Holdings LLC Class A

4.46 13M
Real Estate

Prologis Inc

4.40 13M
Real Estate

BNY Dreyfus Treasury Secs Csh Mgmt Inst

4.15 13M
Corporate

Lennar Corp Class B

4.11 12M
Consumer Cyclical

PulteGroup Inc

4.04 12M
Consumer Cyclical

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