Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
1.40% 373.56M 1.93% 5.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
7.409M 8.67% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks long-term capital appreciation. The Fund invests in equity 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 revenues or profits from real estate-related companies at the time of investment.
General
Security Type Mutual Fund
Broad Asset Class Sector Equity
Broad Category Equity
Global Peer Group Equity Sector Real Estate Global
Peer Group Global Real Estate Funds
Global Macro --
US Macro World Sector Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Global Real Estate Funds
Fund Owner Firm Name Third Avenue Management
Broad Asset Class Benchmark Index
^MSWNTR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 63
-59.31M Peer Group Low
58.00M Peer Group High
1 Year
% Rank: 10
7.409M
-909.50M Peer Group Low
710.49M Peer Group High
3 Months
% Rank: 20
-102.47M Peer Group Low
215.68M Peer Group High
3 Years
% Rank: 45
-2.396B Peer Group Low
2.566B Peer Group High
6 Months
% Rank: 30
-331.71M Peer Group Low
383.13M Peer Group High
5 Years
% Rank: 68
-2.662B Peer Group Low
2.566B Peer Group High
YTD
% Rank: 7
-573.47M Peer Group Low
646.39M Peer Group High
10 Years
% Rank: 100
-3.312B Peer Group Low
3.106B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
-20.14%
20.84%
-8.47%
30.20%
-26.70%
22.92%
14.12%
13.37%
-8.71%
27.67%
15.90%
21.82%
-18.14%
23.79%
18.67%
20.69%
-7.43%
23.30%
-3.92%
28.80%
-26.29%
11.57%
1.15%
5.86%
-8.23%
22.61%
-11.10%
18.59%
-21.05%
4.13%
3.03%
11.49%
-6.54%
29.92%
-0.66%
32.81%
-26.13%
12.36%
7.06%
7.04%
-11.22%
29.49%
14.65%
27.92%
-25.92%
11.28%
1.93%
6.91%
As of December 05, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 0.24%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 43
Stock
Weighted Average PE Ratio 25.00
Weighted Average Price to Sales Ratio 4.642
Weighted Average Price to Book Ratio 1.789
Weighted Median ROE 10.08%
Weighted Median ROA 4.10%
ROI (TTM) 8.90%
Return on Investment (TTM) 8.90%
Earning Yield 0.0641
LT Debt / Shareholders Equity 7.913
Number of Equity Holdings 34
Bond
Yield to Maturity (6-30-25) --
Effective Duration --
Average Coupon --
Calculated Average Quality --
Effective Maturity --
Nominal Maturity --
Number of Bond Holdings 1
As of June 30, 2025

Growth Metrics

EPS Growth (1Y) 16.73%
EPS Growth (3Y) -8.40%
EPS Growth (5Y) 4.43%
Sales Growth (1Y) 4.71%
Sales Growth (3Y) 8.80%
Sales Growth (5Y) 8.84%
Sales per Share Growth (1Y) -2.61%
Sales per Share Growth (3Y) 4.78%
Operating Cash Flow - Growth Rate (3Y) 1.26%
As of June 30, 2025

Fund Details

Key Dates
Inception Date 9/17/1998
Last Annual Report Date 10/31/2024
Last Prospectus Date 3/1/2025
Share Classes
TAREX Inst
TARZX Z
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Asset Allocation

As of June 30, 2025.
Type % Net
Cash 0.00%
Stock 79.47%
Bond 6.91%
Convertible 0.00%
Preferred 13.99%
Other -0.37%
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Top 10 Holdings

Name % Weight Price % Change
Federal Home Loan Mortgage Corp PFD
7.19% -- --
Federal National Mortgage Association PFD
6.80% -- --
Brookfield Corp. 6.33% 46.72 0.43%
CBRE Group, Inc. 6.23% 161.47 -0.50%
Dreyfus Treasury Securities Cash Management Inst 6.16% 1.00 0.00%
Five Point Holdings LLC 4.68% 5.92 -2.47%
Lennar Corp. 4.21% 119.10 -5.08%
Prologis, Inc. 4.13% 128.18 -0.78%
U-Haul Holding Co. 3.81% 48.74 -1.71%
Jones Lang LaSalle, Inc. 3.57% 327.52 -0.63%

Fees & Availability

Fees
Actual 12B-1 Fee 0.25%
Actual Management Fee 0.80%
Administration Fee 7.07K%
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee 0.00%
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 2500.00 None
Minimum Subsequent Investment 1000.00 None

Basic Info

Investment Strategy
The Fund seeks long-term capital appreciation. The Fund invests in equity 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 revenues or profits from real estate-related companies at the time of investment.
General
Security Type Mutual Fund
Broad Asset Class Sector Equity
Broad Category Equity
Global Peer Group Equity Sector Real Estate Global
Peer Group Global Real Estate Funds
Global Macro --
US Macro World Sector Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Global Real Estate Funds
Fund Owner Firm Name Third Avenue Management
Broad Asset Class Benchmark Index
^MSWNTR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 0.24%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 43
Stock
Weighted Average PE Ratio 25.00
Weighted Average Price to Sales Ratio 4.642
Weighted Average Price to Book Ratio 1.789
Weighted Median ROE 10.08%
Weighted Median ROA 4.10%
ROI (TTM) 8.90%
Return on Investment (TTM) 8.90%
Earning Yield 0.0641
LT Debt / Shareholders Equity 7.913
Number of Equity Holdings 34
Bond
Yield to Maturity (6-30-25) --
Effective Duration --
Average Coupon --
Calculated Average Quality --
Effective Maturity --
Nominal Maturity --
Number of Bond Holdings 1
As of June 30, 2025

Growth Metrics

EPS Growth (1Y) 16.73%
EPS Growth (3Y) -8.40%
EPS Growth (5Y) 4.43%
Sales Growth (1Y) 4.71%
Sales Growth (3Y) 8.80%
Sales Growth (5Y) 8.84%
Sales per Share Growth (1Y) -2.61%
Sales per Share Growth (3Y) 4.78%
Operating Cash Flow - Growth Rate (3Y) 1.26%
As of June 30, 2025

Fund Details

Key Dates
Inception Date 9/17/1998
Last Annual Report Date 10/31/2024
Last Prospectus Date 3/1/2025
Share Classes
TAREX Inst
TARZX Z
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:TVRVX", "name")
Broad Asset Class: =YCI("M:TVRVX", "broad_asset_class")
Broad Category: =YCI("M:TVRVX", "broad_category_group")
Prospectus Objective: =YCI("M:TVRVX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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