Third Avenue Real Estate Value Fund Institutional Class (TAREX)
| Fund Assets | 365.23M |
| Expense Ratio | 1.17% |
| Min. Investment | $100,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 1.40 |
| Dividend Yield | 5.97% |
| Dividend Growth | -8.20% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 10, 2025 |
| Previous Close | 23.48 |
| YTD Return | -4.79% |
| 1-Year Return | 5.94% |
| 5-Year Return | 35.04% |
| 52-Week Low | 19.56 |
| 52-Week High | 25.74 |
| Beta (5Y) | 1.05 |
| Holdings | 42 |
| Inception Date | Sep 17, 1998 |
About TAREX
The Third Avenue Real Estate Value Fund Institutional Class is a mutual fund specializing in value-oriented real estate investments. Its central purpose is to seek long-term capital appreciation by investing primarily in the equity securities of well-capitalized companies within the global real estate sector. The fund distinguishes itself through a contrarian, value-based investment philosophy, led by an experienced management team with a consistent approach through multiple market cycles. Its portfolio spans a mix of real estate operating companies, real estate investment trusts, and related entities, with a notable proportion of assets concentrated in its top holdings. While the fund is categorized under global real estate, it strategically includes both U.S. and non-U.S. securities, and incorporates financially material ESG factors into its analysis to mitigate risk and optimize shareholder value. With a track record dating back to 1998, the Third Avenue Real Estate Value Fund Institutional Class serves as a differentiated vehicle for investors seeking broad exposure to the real estate sector through a disciplined, value-driven framework.
Performance
TAREX had a total return of 5.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.70%.
Top 10 Holdings
49.76% of assets| Name | Symbol | Weight |
|---|---|---|
| Brookfield Corporation | BN | 6.59% |
| Federal National Mortgage Association Fannie Mae Fixed/Floating Rate Non Cu | FNMA.V8.25 PERP S | 6.46% |
| Federal Home Loan Mortgage Corp 8 3/8 % Fxd-to-Fltng Non-Cum Perp Pfd Shs | FMCC.V8.375 PERP Z | 6.39% |
| CBRE Group, Inc. | CBRE | 6.18% |
| Prologis, Inc. | PLD | 4.87% |
| Five Point Holdings, LLC | FPH | 4.62% |
| Dreyfus Treasury Securities Cash Management | DIRXX | 4.17% |
| Lennar Corporation | LEN.B | 3.69% |
| Big Yellow Group Plc | BYG | 3.49% |
| The Berkeley Group Holdings plc | BKG | 3.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 10, 2025 | $1.40071 | Dec 11, 2025 |
| Dec 11, 2024 | $1.52588 | Dec 12, 2024 |
| Dec 13, 2023 | $1.14613 | Dec 14, 2023 |
| Dec 14, 2022 | $1.62768 | Dec 15, 2022 |
| Dec 15, 2021 | $2.47654 | Dec 16, 2021 |
| Dec 10, 2020 | $0.22824 | Dec 11, 2020 |