Third Avenue Real Estate Value Fund

Frequently Asked Questions About TVRVX

What does TVRVX invest in?

The fund primarily aims to achieve its objective by investing in equity securities, including common stocks and convertible instruments. These target well-capitalized companies in the real estate sector, firms linked to real estate, businesses holding substantial real estate assets, or those that, at the time of purchase, derive a significant portion of their revenue or profit from real estate-related activities. Ordinarily, a minimum of 80% of the fund's net assets (plus any borrowed capital for investment) will be allocated to securities of real estate and real estate-related companies.

What is the expense ratio of TVRVX?

Third Avenue Real Estate Value Fund (TVRVX) charges an expense ratio of 1.42%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TVRVX?

Third Avenue Real Estate Value Fund (TVRVX) manages $378.8M 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 TVRVX actively managed or an index fund?

TVRVX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was TVRVX launched?

Third Avenue Real Estate Value Fund (TVRVX) launched in December 2009 and is managed by the fund issuer.

How has TVRVX performed?

TVRVX'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.