Morningstar

Third Avenue Real Estate Value Fund Z Class TARZX

Morningstar Medalist Rating
Medalist Rating as of | See Third Avenue Investment Hub
  • NAV / 1-Day Return 23.03  /  −0.09 %
  • Total Assets 296.2M
  • Adj. Expense Ratio
    1.070%
  • Expense Ratio 1.060%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Global Real Estate
  • Investment Style Mid Value
  • Min. Initial Investment 25,000
  • Status Open
  • TTM Yield 1.32%
  • Turnover 16%

USD | NAV as of Jul 15, 2026 | 1-Day Return as of Jul 15, 2026, 12:35 AM GMT+0

Morningstar’s Analysis TARZX

Will TARZX 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 TARZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TARZX 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 TARZX’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 TARZX

More TARZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 48.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Brookfield Corp Registered Shs -A- Limited Vtg

6.25 18M
Financial Services

CBRE Group Inc Class A

5.96 17M
Real Estate

Federal Home Loan Mortgage Corp 8 3/8 % Fxd-to-Fltng Non-Cum Perp Pfd Shs

5.43 16M
Financial Services

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

5.39 16M
Financial Services

Prologis Inc

5.34 15M
Real Estate

Five Point Holdings LLC Class A

4.52 13M
Real Estate

U-Haul Holding Co Ordinary Shares - Series N

4.10 12M
Industrials

Lennar Corp Class B

3.87 11M
Consumer Cyclical

Sun Communities Inc

3.72 11M
Real Estate

PulteGroup Inc

3.61 10M
Consumer Cyclical

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