A flexible and opportunistic mandate differentiates Third Avenue Real Estate Value versus its peers. Concerns about its parent remain, but the strategy's time-tested approach and experienced comanagers support a Morningstar Analyst Rating of Bronze across all share classes.
Third Avenue Real Estate Value Investor TVRVX
NAV / 1-Day Return
25.88
/
0.84
%
Total Assets
480.4 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.400%
Expense Ratio
1.400%
Fee Level
Above Average
Longest Manager Tenure
11.35
years
Category
Global Real Estate
Investment Style
Mid BlendMin. Initial Investment
2,500
Status
Open
TTM Yield
0.28%
Turnover
9%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will TVRVX outperform in 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 TVRVX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TVRVX 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 TVRVX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A well-defined and unique approach.
