Third Avenue International Real Estate Value Fund Institutional Class

Frequently Asked Questions About REIFX

What does REIFX invest in?

The Third Avenue International Real Estate Value Fund Institutional Class aims to deliver both long-term capital appreciation and consistent income to its shareholders. It achieves this by investing in a diversified portfolio of publicly listed real estate companies operating outside the United States. This includes a variety of entities such as Real Estate Investment Trusts (REITs), real estate operating companies, and other public firms whose core assets are primarily real estate holdings. Under normal market conditions, the fund is committed to allocating at least 80% of its net assets, along with any capital acquired through borrowing for investment, to equity securities issued by companies principally engaged in the international real estate sector.

What is the expense ratio of REIFX?

Third Avenue International Real Estate Value Fund Institutional Class (REIFX) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations.

How big is REIFX?

Third Avenue International Real Estate Value Fund Institutional Class (REIFX) manages $80.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is REIFX actively managed or an index fund?

REIFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (REIFX's is 1.01%) in exchange for the discretion to over- or under-weight positions.

When was REIFX launched?

Third Avenue International Real Estate Value Fund Institutional Class (REIFX) launched in March 2014 and is managed by the fund issuer.

How has REIFX performed?

REIFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.