TAREX – Third Avenue Real Estate Value Instl Investment Strategy | Morningstar

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Strategy

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. Under normal circumstances, at least 80% of the fund's net assets (plus the amount of any borrowing for investment purposes) will be invested in securities of real estate and real estate-related companies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TVRVX	Third Avenue Real Estate Value Fund Investor Class	No Load	Open			Dec 31, 2009	$15.42M	1.420%	Above Average	$2,500	−$1.89M
TAREX	Third Avenue Real Estate Value Fund Institutional Class	Institutional	Open			Sep 17, 1998	$225.42M	1.170%	High	$10,000	−$54.00M
TARZX	Third Avenue Real Estate Value Fund Z Class	Institutional	Open			Mar 1, 2018	$15.27M	1.070%	Above Average	$25,000	$469,123.83

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