Morningstar

Third Avenue Real Estate Value Z TARZX

Morningstar Medalist Rating
Medalist Rating as of | See Third Avenue Investment Hub
  • NAV / 1-Day Return 24.59  /  +1.19 %
  • Total Assets 321.1 Mil
  • Adj. Expense Ratio
    1.050%
  • Expense Ratio 1.050%
  • 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 1.31%
  • 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 TARZX

Will TARZX 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 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 unique approach to global real estate investing.

Associate Director Adam Millson

Adam Millson

Associate Director

Summary

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.

by Adam Millson
Rated on Published on

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Portfolio Holdings TARZX

More TARZX Holdings
  • 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

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