Third Avenue Real Estate Value Z (TARZX)

26.10 -0.04  -0.15% Feb 21 USD
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Key Stats

Net Asset Value 26.10
Turnover Ratio 22.00%
1 Year Fund Level Flows -494.50M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M -0.23% 1.88% 92
3M 7.61% 6.23% 22
6M 16.31% 10.14% 1
YTD 3.37% 3.51% 59
1Y 9.74% 15.37% 92
3Y 4.42% 9.64% --
5Y 3.73% 5.68% --
10Y 9.16% 8.94% --
15Y 5.96% 5.69% --
20Y 10.10% 9.24% --
As of Feb. 21, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 2.32% 2.44% 0.12%
Stock 96.58% 96.64% 0.07%
Bond 0.00% 0.00% 0.00%
Convertible 1.10% 1.10% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of Oct. 31, 2019

Region Exposure

Americas 57.50%
North America 57.50%
Latin America 0.00%
Greater Europe 24.92%
United Kingdom 24.32%
Europe Developed 0.60%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 17.58%
Japan 0.00%
Australasia 0.00%
Asia Developed 17.58%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of Oct. 31, 2019. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.00%
Communication Services 0.00%
Consumer Cyclical 13.02%
Consumer Defensive 0.00%
Energy 0.00%
Financial Services 11.01%
Healthcare 0.00%
Industrials 3.24%
Real Estate 72.72%
Technology 0.00%
Utilities 0.00%
As of Oct. 31, 2019

Stock Market Capitalization

Giant 14.76%
Large 22.04%
Medium 39.11%
Small 21.45%
Micro 2.65%
As of Oct. 31, 2019

Stock Style Exposure

Large Cap Value 21.17%
Large Cap Blend 12.13%
Large Cap Growth 6.72%
Mid Cap Value 14.55%
Mid Cap Blend 23.67%
Mid Cap Growth 4.31%
Small Cap Value 0.94%
Small Cap Blend 11.86%
Small Cap Growth 4.67%
As of Oct. 31, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
BAM.A.TO Brookfield Asset Management Inc Class A 5.97% 90.00 -0.57%
WY Weyerhaeuser Co 5.13% 30.73 -0.45%
01113 CK Asset Holdings Ltd 4.95% -- --
LEN Lennar Corp 4.67% 70.65 -0.54%
FPH Five Point Holdings LLC A 4.60% 8.97 +0.56%
JBGS JBG SMITH Properties 4.37% 41.77 -1.04%
RYN Rayonier Inc 4.13% 29.72 +0.34%
00020 Wheelock and Co Ltd 4.02% -- --
BKG Berkeley Group Holdings (The) PLC 3.92% -- --
SGRO Segro PLC 3.83% -- --
As of Oct. 31, 2019
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Basic Info

Investment Strategy
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.
General
Security Type Mutual Fund
Oldest Share Symbol TAREX
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Global Real Estate
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name Third Avenue
Benchmark Index
FTSE EPRA Nareit Developed TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
Jason Wolf 9.22 yrs
Ryan Dobratz 6.91 yrs

Share Classes

Symbol Share Class
TAREX Inst
TVRVX Inv

Net Fund Flows

1M -38.70M
3M -169.11M
6M -296.91M
YTD -38.70M
1Y -494.50M
3Y -1.022B
5Y -2.574B
10Y -1.835B
As of Jan. 31, 2020

Risk Info

Beta (5Y) 0.9864
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 0.9741
Daily Value at Risk (VaR) 1% (All) 1.91%
Monthly Value at Risk (VaR) 1% (All) 10.25%

Fundamentals

Dividend Yield TTM (2-21-20) 1.43%
30-Day SEC Yield --
7-Day SEC Yield (2-20-20) 0.00%
Weighted Average PE Ratio 12.51
Weighted Average Price to Sales Ratio 2.649
Weighted Average Price to Book Ratio 1.078
Weighted Median ROE 9.04%
Weighted Median ROA 3.61%
Forecasted Dividend Yield 2.85%
Forecasted PE Ratio 17.78
Forecasted Price to Sales Ratio 2.252
Forecasted Price to Book Ratio 1.030
Number of Holdings 49
As of Oct. 31, 2019

Growth Estimates

Forecasted 5 Yr Earnings Growth 5.86%
Forecasted Book Value Growth 3.62%
Forecasted Cash Flow Growth 2.45%
Forecasted Earnings Growth -1.25%
Forecasted Revenue Growth 8.71%
As of Oct. 31, 2019

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 1.00M USD
Minimum Subsequent Investment 1000.00 USD
Fees
Actual 12B-1 Fee --
Actual Management Fee 0.90%
Administration Fee 0.01%
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee 1.00%
Key Dates
Inception Date 3/1/2018
Termination Date
Last Annual Report Date 10/31/2019
Last Prospectus Date 4/10/2019
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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