Third Avenue Value Fund Institutional Class (TAVFX)
| 62.17 Net Asset Value | -0.10% 1 Day | +8.56% 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 | +0.68% | 3 years | +9.26% | |
| 3 months | +6.35% | 5 years | +11.55% | |
| 1 year | +15.25% | Since inception | +12.17% |
Data through --
Peer Comparisonvs. World stock
| TAVFX | Category | |
|---|---|---|
| Performance 5-yr return | +11.55% | +14.83% |
| Expense ratio | 1.10% | 1.43% |
| Risk 5 year sharpe ratio | 0.76 | 0.98 |
| Net assets | $2.5B | $1.4B |
| Average market cap | $12.4B | $40.8B |
| Average P/E | 9.9 | 17.6 |
| Portfolio turnover | 21% | 21% |
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Fund Management and Purchase Info
| Fund family | Third Avenue |
| Fund manager & tenure | Yang Lie / 1 Years |
| Minimal initial investment | $100,000.00 |
| Minimum IRA investment | $100,000.00 |
Holdings
| International stock | 44.98% |
| U.S. stock | 39.57% |
| Cash | 14.11% |
| Fixed income | 1.34% |
| Other | 0.00% |
Top 5 SectorsPortfolio weighting
| Financial service | 69.78% |
| Industrial materials | 11.10% |
| Consumer goods | 8.95% |
| Energy | 7.72% |
| Telecommunication | 2.00% |
Top 10 HoldingsPortfolio weighting
| CVCO Cavco Industries Inc | 5.55% |
| PKX POSCO ADR | 5.39% |
| -- Henderson Land Development Co Ltd | 5.28% |
| -- Wheelock and Co Ltd | 4.85% |
| CVA Covanta Holding Corp | 4.44% |
| BK Bank of New York Mellon Corp | 4.35% |
| -- Hang Lung Group Ltd | 3.89% |
| DVN Devon Energy Corp | 3.88% |
| APA Apache Corporation | 3.83% |
| -- Total SA | 3.75% |
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