Third Avenue Small Cap Value Fund Institutional Class (TASCX)

26.79
Net Asset Value
-1.03%
1 Day
-2.83%
Year-to-Date
Overall Morningstar Rating
Small value
Style or Category
No Load
Sales Expenses
1.12%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation. The fund seeks to achieve its objective by acquiring equity securities, including common stocks and convertible securities, of well-financed small companies at a discount to what the Adviser believes is their intrinsic value. It expects to invest at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in securities of companies that are considered small. The fund also invests in both domestic and foreign securities. It is non-diversified.

Performance

1 month-5.34% 3 years+17.36%
3 months-7.17% 5 years+11.16%
1 year+5.11% Since inception+9.17%
Data through --

Peer Comparisonvs. Small value

 TASCXCategory
Performance 5-yr return+11.16%+20.13%
Expense ratio1.12%1.38%
Risk 5 year sharpe ratio0.960.96
Net assets$575.9M$873.5M
Average market cap$2.2B$2.6B
Average P/E16.818.0
Portfolio turnover39%39%

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureCurtis Jensen / 17 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

U.S. stock89.63%
International stock4.76%
Cash3.22%
Fixed income2.05%
Other0.35%
Top 5 Sectors
Portfolio weighting
Industrial materials 19.13%
Financial service 16.33%
Consumer goods 15.24%
Hardware 13.27%
Energy 11.84%
Top 10 Holdings
Portfolio weighting
HCC HCC Insurance Holdings Inc2.67%
AXLL Axiall Corp2.63%
-- JZ Capital Partners Ord/Inc2.51%
UNF UniFirst Corp2.15%
EME EMCOR Group, Inc.2.05%
PRGS Progress Software Corporation2.04%
TTEK Tetra Tech Inc2.00%
INT World Fuel Services Corp1.94%
LM Legg Mason Inc1.94%
ENS EnerSys1.92%

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