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Third Avenue Value Fund Institutional Class (TAVFX)

Net Asset Value
1 Day
Overall Morningstar Rating
World large 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-2.14% 3 years+4.38%
3 months+4.62% 5 years+9.00%
1 year+12.63% Since inception+11.05%
Data through --

Peer Comparisonvs. World large stock

Performance 5-yr return+9.00%+10.39%
Expense ratio1.15%1.22%
Risk 5 year sharpe ratio0.741.03
Net assets$1.2B$1.5B
Average market cap$17.9B$71.5B
Average P/E15.821.6
Portfolio turnover17%17%

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureMatthew Fine / 0 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00


U.S. stock61.24%
International stock28.70%
Fixed income1.32%
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
BK Bank of New York6.00%
WY Weyerhaeuser Co5.64%
PNC PNC Financial Services Group4.95%
CMA Comerica Inc4.48%
-- 4.41%
-- 4.16%
Y Alleghany Corp3.77%
-- 3.74%
-- 3.55%
CVCO Cavco Industries Inc3.46%