Third Avenue Real Estate Value Fund Z Class (TARZX)
| Fund Assets | 363.08M |
| Expense Ratio | 1.05% |
| Min. Investment | $250,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 1.42 |
| Dividend Yield | 5.67% |
| Dividend Growth | -8.03% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 10, 2025 |
| Previous Close | 24.92 |
| YTD Return | 2.28% |
| 1-Year Return | 10.78% |
| 5-Year Return | 49.14% |
| 52-Week Low | 19.47 |
| 52-Week High | 25.64 |
| Beta (5Y) | n/a |
| Holdings | 42 |
| Inception Date | Mar 1, 2018 |
About TARZX
The Third Avenue Real Estate Value Fund Z is a mutual fund focused on achieving long-term capital appreciation by investing primarily in equity securities of real estate and real estate-related businesses. This fund takes a value-oriented approach, seeking opportunities among real estate investment trusts (REITs), real estate operating companies (REOCs), and enterprises providing real estate services across global developed markets. Distinct for its dedication to identifying well-capitalized and well-managed companies trading at discounts to their net asset values, the fund maintains a disciplined investment process that has been refined over more than two decades. The Third Avenue Real Estate Value Fund Z provides investors exposure to the commercial, residential, and diversified real estate sectors while aiming to deliver strong risk-adjusted performance through various market cycles. Its strategy and consistent results have earned it multiple industry accolades, including recognition as a top global real estate fund over several years.
Performance
TARZX had a total return of 10.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.31%.
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 | $1.42472 | Dec 11, 2025 |
| Dec 11, 2024 | $1.54919 | Dec 12, 2024 |
| Dec 13, 2023 | $1.17667 | Dec 14, 2023 |
| Dec 14, 2022 | $1.65644 | Dec 15, 2022 |
| Dec 15, 2021 | $2.50528 | Dec 16, 2021 |
| Dec 10, 2020 | $0.25348 | Dec 11, 2020 |