Third Avenue Real Estate Value Fund Institutional Class (TAREX)
| Fund Assets | 365.47M |
| Expense Ratio | 1.15% |
| Min. Investment | $100,000 |
| Turnover | 5.00% |
| Dividend (ttm) | 1.53 |
| Dividend Yield | 5.78% |
| Dividend Growth | 33.13% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 11, 2024 |
| Previous Close | 26.53 |
| YTD Return | 13.11% |
| 1-Year Return | 8.67% |
| 5-Year Return | 54.10% |
| 52-Week Low | 20.68 |
| 52-Week High | 27.08 |
| Beta (5Y) | 1.05 |
| Holdings | 43 |
| Inception Date | Sep 17, 1998 |
About TAREX
The investment seeks long-term capital appreciation. The fund seeks to achieve its objective primarily by investing in equity securities, including common stocks and convertible securities, of well-financed real estate and real estate-related companies, or in companies which own significant real estate assets or derive a significant portion of gross revenues or net profits from real estate-related companies at the time of investment. Under normal circumstances, at least 80% of the fund's net assets (plus the amount of any borrowing for investment purposes) will be invested in securities of real estate and real estate-related companies.
Performance
TAREX had a total return of 8.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.88%.
Top 10 Holdings
52.83% of assets| Name | Symbol | Weight |
|---|---|---|
| Federal National Mortgage Association Fannie Mae Fixed/Floating Rate Non Cu | FNMA.V8.25 PERP S | 7.03% |
| Federal Home Loan Mortgage Corp 8 3/8 % Fxd-to-Fltng Non-Cum Perp Pfd Shs | FMCC.V8.375 PERP Z | 6.92% |
| Brookfield Corporation | BN | 6.79% |
| CBRE Group, Inc. | CBRE | 6.36% |
| Five Point Holdings, LLC | FPH | 5.05% |
| Lennar Corporation | LEN.B | 4.65% |
| Prologis, Inc. | PLD | 4.36% |
| Dreyfus Treasury Securities Cash Management | DIRXX | 4.18% |
| Jones Lang LaSalle Incorporated | JLL | 4.03% |
| D.R. Horton, Inc. | DHI | 3.46% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Dec 12, 2019 | $4.6087 | Dec 13, 2019 |