Third Avenue Real Estate Value Fund (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.
Fund Info
US8841164010
884116401
Sep 16, 1998
$10,000
Mid-Cap
Blend
Expense Ratio
TAREX has a high expense ratio of 1.15%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Third Avenue Real Estate Value Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Third Avenue Real Estate Value Fund (TAREX) returned 1.33% year-to-date (YTD) and 12.38% over the past 12 months. Over the past 10 years, TAREX returned -2.16% annually, underperforming the S&P 500 benchmark at 10.61%.
TAREX
1.33%
0.64%
0.32%
12.38%
5.04%
-2.16%
^GSPC (Benchmark)
-3.31%
5.38%
-0.74%
10.90%
14.93%
10.61%
Monthly Returns
The table below presents the monthly returns of TAREX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.16% | -1.44% | -3.05% | -0.69% | 2.51% | 1.33% | |||||||
| 2024 | -2.03% | 2.16% | 2.72% | -7.08% | 5.79% | -2.69% | 9.61% | 1.28% | 4.26% | -3.44% | 9.77% | -10.15% | 8.41% |
| 2023 | 9.63% | -5.06% | -2.02% | 2.69% | -4.27% | 7.84% | 4.53% | -3.81% | -6.04% | -5.64% | 11.84% | 9.81% | 18.37% |
| 2022 | -6.96% | -2.19% | 1.76% | -3.50% | -3.22% | -9.40% | 8.42% | -7.08% | -12.10% | 3.94% | 5.31% | -10.08% | -31.71% |
| 2021 | -0.52% | 4.94% | 6.04% | 4.25% | 4.49% | -2.38% | 3.03% | 1.04% | -4.51% | 6.77% | -1.99% | -1.94% | 20.08% |
| 2020 | 0.43% | -6.46% | -24.24% | 10.50% | -2.36% | 2.83% | 3.05% | 4.23% | -4.01% | -4.23% | 15.47% | 1.93% | -8.23% |
| 2019 | 12.41% | 1.33% | 1.70% | 0.73% | -6.91% | 3.60% | -2.11% | -2.56% | 5.03% | 3.61% | 0.52% | -12.18% | 3.11% |
| 2018 | 2.33% | -5.69% | 1.48% | 0.15% | -1.01% | -0.60% | 0.18% | -1.48% | -2.87% | -9.00% | 2.91% | -15.17% | -26.52% |
| 2017 | 3.15% | 4.12% | 0.72% | 1.95% | -1.27% | 1.35% | 2.70% | -0.38% | 1.69% | 0.87% | 2.86% | -2.53% | 16.10% |
| 2016 | -8.63% | -1.56% | 10.72% | 1.36% | 1.69% | -1.22% | 5.77% | -0.19% | 0.06% | -3.38% | 1.24% | 0.05% | 4.82% |
| 2015 | 2.70% | 1.36% | -1.01% | 0.46% | 0.37% | -2.29% | 1.47% | -6.11% | -1.64% | 4.74% | -1.28% | -6.57% | -8.08% |
| 2014 | -1.77% | 5.79% | 1.70% | 1.05% | 2.37% | 1.05% | -0.16% | 1.82% | -3.89% | 3.02% | 2.28% | -2.48% | 10.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TAREX is 62, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Third Avenue Real Estate Value Fund (TAREX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Third Avenue Real Estate Value Fund provided a 6.45% dividend yield over the last twelve months, with an annual payout of $1.53 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.53 | $1.53 | $1.15 | $1.63 | $2.48 | $0.23 | $4.61 | $2.75 | $2.14 | $0.54 | $1.61 | $1.13 |
Dividend yield | 6.45% | 6.54% | 5.28% | 8.76% | 9.03% | 0.99% | 18.22% | 11.07% | 6.23% | 1.80% | 5.60% | 3.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Third Avenue Real Estate Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.53 | $1.53 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $1.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.63 | $1.63 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.48 | $2.48 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.61 | $4.61 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.75 | $2.75 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.14 | $2.14 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.61 | $1.61 |
| 2014 | $1.13 | $1.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Third Avenue Real Estate Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Third Avenue Real Estate Value Fund was 71.15%, occurring on Mar 9, 2009. Recovery took 1479 trading sessions.
The current Third Avenue Real Estate Value Fund drawdown is 29.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -71.15% | May 8, 2007 | 461 | Mar 9, 2009 | 1479 | Jan 23, 2015 | 1940 |
| -56.78% | Dec 19, 2017 | 567 | Mar 23, 2020 | — | — | — |
| -26.21% | May 20, 2015 | 185 | Feb 11, 2016 | 290 | Apr 6, 2017 | 475 |
| -14.77% | May 6, 2002 | 54 | Jul 23, 2002 | 200 | May 8, 2003 | 254 |
| -11.72% | Apr 2, 2004 | 26 | May 10, 2004 | 47 | Jul 19, 2004 | 73 |
Volatility
Volatility Chart
The current Third Avenue Real Estate Value Fund volatility is 10.58%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.