Third Avenue International Value Fund Institutional Class (TAVIX)

15.84
Net Asset Value
-0.69%
1 Day
-3.71%
Year-to-Date
Overall Morningstar Rating
Foreign small/mid value
Style or Category
No Load
Sales Expenses
1.44%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation. The fund primarily invests in equity securities, including common stocks and convertible securities, of well-financed companies (meaning companies with high quality assets and conservative levels of liabilities) located outside of the United States. While the fund may invest in companies located anywhere in the world, it currently expects that most of its assets will be invested in the more developed countries and, under normal circumstances, at least 80% of its assets will be invested in securities of issuers located outside of the United States at the time of investment. It is non-diversified.

Performance

1 month-4.12% 3 years+4.42%
3 months-3.12% 5 years+3.79%
1 year-12.78% Since inception+8.26%
Data through --

Peer Comparisonvs. Foreign small/mid value

 TAVIXCategory
Performance 5-yr return+3.79%+6.84%
Expense ratio1.44%1.44%
Risk 5 year sharpe ratio0.320.47
Net assets$304.1M$891.4M
Average market cap$4.1B$2.0B
Average P/E13.813.9
Portfolio turnover22%22%

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureMatthew Fine / 3 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

International stock77.96%
U.S. stock11.95%
Cash7.99%
Fixed income2.10%
Other0.00%
Top 5 Sectors
Portfolio weighting
Industrial materials 26.70%
Financial service 26.00%
Consumer goods 18.42%
Telecommunication 11.58%
Healthcare 4.38%
Top 10 Holdings
Portfolio weighting
-- Telefonica Deutschland Holding AG6.35%
-- Hutchison Whampoa Ltd4.47%
WY Weyerhaeuser Co4.38%
-- Rubicon Ltd4.33%
WTM White Mountains Insurance Group Ltd4.26%
-- Pargesa Holding SA4.01%
-- Tenon Ltd3.95%
-- Capstone Mining Corp3.91%
-- Daimler AG3.71%
-- GP Investments Ltd DR3.48%

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