Third Avenue Value Fund Institutional Class (TAVFX)

58.36
Net Asset Value
+0.38%
1 Day
+1.90%
Year-to-Date
Overall Morningstar Rating
World stock
Style or Category
No Load
Sales Expenses
1.10%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation. The fund seeks to achieve its objective mainly by acquiring common stocks of well-financed companies (meaning companies with high quality assets and conservative levels of liabilities) at a discount to what the Adviser believes is their intrinsic value. It may invest in companies of any market capitalization. The fund may also acquire senior securities, such as convertible securities, preferred stocks and debt instruments, that the Adviser believes are undervalued. It also invests in both domestic and foreign securities. The fund is non-diversified.

Performance

1 month+4.21% 3 years+5.30%
3 months+2.44% 5 years+13.79%
1 year+15.12% Since inception+11.97%
Data through --

Peer Comparisonvs. World stock

 TAVFXCategory
Performance 5-yr return+13.79%+18.38%
Expense ratio1.10%1.43%
Risk 5 year sharpe ratio0.881.11
Net assets$2.5B$1.3B
Average market cap$11.4B$41.4B
Average P/E8.416.2
Portfolio turnover21%21%

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureIan Lapey / 4 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

International stock47.43%
U.S. stock37.15%
Cash14.12%
Fixed income1.30%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 69.78%
Industrial materials 11.10%
Consumer goods 8.95%
Energy 7.72%
Telecommunication 2.00%
Top 10 Holdings
Portfolio weighting
CVCO Cavco Industries, Inc.5.60%
PKX POSCO ADR4.97%
-- Wheelock and Co., Ltd.4.83%
-- Henderson Land Development Co., Ltd.4.80%
CVA Covanta Holding Corporation4.37%
-- Daiwa Securities Co., Ltd.4.33%
BK Bank of New York Mellon Corp4.27%
DVN Devon Energy Corp3.98%
-- Vodafone Group PLC3.37%
-- Toyota Industries Corporation3.34%

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