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Third Avenue Focused Credit Fund Investor Class (TFCVX)

Net Asset Value
1 Day
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks long-term total return, which may include investment returns from a combination of sources including capital appreciation, fees and interest income. Under normal circumstances, at least 80% of the fund's net assets (plus the amount of any borrowing for investment purposes) will be invested in bonds and other types of credit instruments. The advisor intends to invest a substantial amount of its assets in credit instruments that are rated below investment grade by some or all relevant independent rating agencies. The fund is non-diversified.


1 month-6.20% 3 years-0.77%
3 months-11.47% 5 years+1.85%
1 year-21.02% Since inception+5.44%
Data through --

Peer Comparisonvs. High yield bond

Performance 5-yr return+1.85%+7.61%
Expense ratio1.13%1.10%
Risk 5 year sharpe ratio0.461.08
Net assets$1.8B$1.4B
Average market cap--$8.6B
Average P/E--20.5
Portfolio turnover53%53%

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureThomas LaPointe / 4 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00


Fixed income59.05%
U.S. stock8.99%
International stock0.13%
Top 5 Sectors
Portfolio weighting
Financial service 76.21%
Media 23.79%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Top 10 Holdings
Portfolio weighting
-- 4.96%
-- 3.78%
-- 3.34%
-- 2.77%
-- 2.45%
-- 2.17%
-- 1.83%
-- 1.83%
-- 1.69%
-- 1.62%

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