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 24.66 / +1.23 %
- Total Assets 321.1 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 1.18%
- Turnover 8%
USD | NAV as of Sep 28, 2024 | 1-Day Return as of Sep 28, 2024, 12:17 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 50.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Brookfield Corp Registered Shs -A- Limited Vtg | 6.74 | 19.2 Mil | Financial Services |
Lennar Corp Class B | 6.63 | 18.9 Mil | Consumer Cyclical |
U-Haul Holding Co Ordinary Shares - Series N | 5.72 | 16.3 Mil | Industrials |
CBRE Group Inc Class A | 5.40 | 15.4 Mil | Real Estate |
D.R. Horton Inc | 4.87 | 13.9 Mil | Consumer Cyclical |
Prologis Inc | 4.78 | 13.6 Mil | Real Estate |
Sun Communities Inc | 4.28 | 12.2 Mil | Real Estate |
Federal Home Loan Mortgage Corp 8 3/8 % Fxd-to-Fltng Non-Cum Perp Pfd Shs | 3.98 | 11.3 Mil | Financial Services |
American Homes 4 Rent Class A | 3.94 | 11.2 Mil | Real Estate |
Federal National Mortgage Association Fannie Mae Fixed/Floating Rate Non Cu | 3.67 | 10.5 Mil | Financial Services |