# Third Avenue International Real Estate Value Fund Institutional Class (REIFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/reifx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2014-03-19 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,... ## Key Facts | Metric | Value | |---|---| | Price | $13.39 | | Expense Ratio | 1.01% | | Assets Under Management | $80.2M | | NAV | $13.39 | | Holdings Count | — | | Distribution Yield (TTM) | 2.37% | | Annual Distribution (TTM) | $0.32 /share | | Distribution Frequency | Annual | | 52-Week Range | $13.18 – $15.43 | | Beta | 0.88 | ## Latest Distribution - Amount: $0.3179 /share - Ex-date: 2025-12-10 - Pay date: 2025-12-10 ## Frequently Asked Questions ### 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 $80.2M 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. ### Does REIFX pay a dividend? Third Avenue International Real Estate Value Fund Institutional Class (REIFX) currently distributes little or no income. Trailing-twelve-month yield is 2.37%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does REIFX pay dividends? Third Avenue International Real Estate Value Fund Institutional Class pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is REIFX's dividend yield? REIFX's trailing-twelve-month yield is 2.37%, calculated from the sum of dividends over the past year divided by the current price. ### When is REIFX's next ex-dividend date? The most recently announced ex-dividend date for REIFX was 2025-12-10. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will REIFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.01% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does REIFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from REIFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does REIFX cost more than a fund like VOO? REIFX is actively managed (current expense ratio 1.01%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether REIFX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to REIFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as REIFX (1.01%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/reifx - Distribution history: https://www.dividenddata.com/funds/reifx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/reifx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/reifx/expenses - Peer comparison: https://www.dividenddata.com/funds/reifx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.