Third Avenue Value Fund Institutional Class (TAVFX)

Net Asset Value
1 Day
Overall Morningstar Rating
World stock
Style or Category
No Load
Sales Expenses
Expense Ratio
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.


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

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%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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


International stock47.43%
U.S. stock37.15%
Fixed income1.30%
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%
-- 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%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.