REIZX Performance — Third Avenue International Real Estate Value Fund, Z Class
Data updated: 2026-09-22
REIZX returned +1.52% year to date and +5.71% over one year to Jul 2026. Annualised returns are +7.94% over 3 years and +3.19% over 5 years. The fund trailed its International Real Estate category average: $100 invested three years ago grew to $126, against $127 for the category, and to $106 over one year, against $115. Volatility over the past three years was 16.55% a year. In the 12 months to Jul 2026 the fund took in a net $44.9M, and assets reached $112.85M.
REIZX Growth of $100
What $100 invested in Third Avenue International Real Estate Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Real Estate category average over the same months.
| Period | REIZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $106 | $115 |
| 3 years (Aug 2023 – Jul 2026) | $126 | $127 |
| 5 years (Aug 2021 – Jul 2026) | $117 | $103 |
| Since data start (Feb 2021 – Jul 2026) | $137 | $120 |
REIZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.52% |
| 1 year | +5.71% |
| 3 years (annualised) | +7.94% |
| 5 years (annualised) | +3.19% |
REIZX Annual Returns
Calendar-year total returns of Third Avenue International Real Estate Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.52% |
| 2025 | +25.49% |
| 2024 | −5.62% |
| 2023 | +13.89% |
| 2022 | −18.28% |
| 2021 (Feb–Dec) | +22.82% |
REIZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.8% | +4.4% | −12.7% | +5.0% | −3.0% | +0.5% | +3.0% | — | — | — | — | — |
| 2025 | +1.5% | +4.3% | +0.2% | +8.3% | +3.6% | +2.8% | −1.3% | +4.0% | +1.4% | −2.3% | +2.1% | −0.9% |
| 2024 | −4.1% | −1.4% | +4.0% | −3.4% | +4.9% | −3.5% | +4.3% | +3.4% | +3.6% | −6.8% | −2.0% | −3.7% |
| 2023 | +7.5% | −3.8% | −0.3% | +3.5% | −3.6% | +3.0% | +2.8% | −4.2% | −4.1% | −4.8% | +10.0% | +8.8% |
| 2022 | −2.0% | −2.4% | +1.0% | −5.4% | −2.5% | −5.7% | +3.2% | −1.1% | −10.2% | −1.1% | +6.7% | +0.5% |
| 2021 | — | +2.9% | +3.0% | +3.9% | +5.1% | −2.2% | +3.8% | +3.7% | −5.0% | +2.6% | −2.2% | +5.8% |
REIZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.55%
- 3-year Sharpe ratio: 0.21 (vs 4.5% risk-free rate)
- Best month: +9.97% (Nov 2023)
- Worst month: −12.71% (Mar 2026)
REIZX Fund Flows
Monthly money in and out of Third Avenue International Real Estate Value Fund, from SEC Form N-PORT.
- 12-month net flow: $44.9M
- 12-month gross sales (incl. reinvestments): $53.8M
- Sales ÷ redemptions: 6.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $865K | $1.3M | −$399K |
| Jun 2026 | $1.2M | $648K | $576K |
| May 2026 | $1.2M | $760K | $436K |
| Apr 2026 | $26.0M | $2.3M | $23.7M |
| Mar 2026 | $2.6M | $301K | $2.3M |
| Feb 2026 | $6.6M | $355K | $6.3M |
| Jan 2026 | $3.1M | $430K | $2.6M |
| Dec 2025 | $2.3M | $1.1M | $1.2M |
| Nov 2025 | $2.1M | $336K | $1.8M |
| Oct 2025 | $6.0M | $576K | $5.4M |
| Sep 2025 | $1.2M | $379K | $776K |
| Aug 2025 | $649K | $409K | $240K |
REIZX Assets Under Management
Net assets of Third Avenue International Real Estate Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $112.85M |
| 2026-04-30 | $111.76M |
| 2026-01-30 | $83.59M |
| 2025-10-31 | $74.36M |
| 2025-07-31 | $66.00M |
| 2025-04-30 | $62.53M |
| 2025-01-31 | $58.15M |
| 2024-10-31 | $64.51M |
| 2024-07-31 | $64.98M |
| 2024-04-30 | $61.93M |
| 2024-01-31 | $61.60M |
| 2023-10-31 | $55.57M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.