We have qualitatively reviewed Third Avenue Real Estate Value and reaffirmed its Process and People ratings. A veteran management team that is steeped in the firm's contrarian, value-oriented investment philosophy continues to guide this unique global real estate mandate. The following text is from Nov. 30, 2022.
Third Avenue Real Estate Value Instl TAREX
- NAV / 1-Day Return 21.77 / −0.18 %
- Total Assets 304.5 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.150%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Global Real Estate
- Investment Style Mid Value
- Min. Initial Investment 10,000
- Status Open
- TTM Yield 1.29%
- Turnover 8%
USD | NAV as of Mar 19, 2024 | 1-Day Return as of Mar 19, 2024, 12:22 AM GMT+0
Morningstar’s Analysis TAREX
Will TAREX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 50.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
U-Haul Holding Co Ordinary Shares - Series N | 6.49 | 19.8 Mil | Industrials |
Lennar Corp Class B | 6.47 | 19.7 Mil | Consumer Cyclical |
Brookfield Corp Registered Shs -A- Limited Vtg | 6.13 | 18.7 Mil | Financial Services |
D.R. Horton Inc | 5.74 | 17.5 Mil | Consumer Cyclical |
CBRE Group Inc Class A | 5.27 | 16.1 Mil | Real Estate |
Prologis Inc | 4.81 | 14.7 Mil | Real Estate |
Weyerhaeuser Co | 3.98 | 12.1 Mil | Real Estate |
CK Asset Holdings Ltd | 3.92 | 11.9 Mil | Real Estate |
The Wharf (Holdings) Ltd | 3.88 | 11.8 Mil | Real Estate |
American Homes 4 Rent Class A | 3.77 | 11.5 Mil | Real Estate |