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TAVFX Third Avenue Value Instl

  • Fund
  • TAVFX
  • Price as of: Jun 21, 2017
  • $54.03
  • - $0.16
  • - 0.30%
  • Category
  • Global Equities

TAVFX - Profile

Vitals

  • YTD Return 7.3%
  • 3 Yr Annualized Return 3.3%
  • 5 Yr Annualized Return 10.8%
  • Net Assets $1.15 B
  • Holdings in Top 10 45.1%

52 WEEK LOW AND HIGH

$54.03
$45.79
$55.68

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.15%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

$100,000

Investment Themes

CATEGORY

Global Equities
  • Fund Type Open End Mutual Fund
  • Investment Style World Large Stock

Distributions

  • YTD Total Return 7.3%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 10.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.16%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Third Avenue Value Fund
  • Fund Family Name Third Avenue
  • Inception Date Nov 01, 1990
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Yang Lie

TAVFX - Performance

Return Ranking - Trailing

Period TAVFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.3% -31.9% 30.7% 72.10% 4
1 Yr 12.3% -67.2% 44.1% 67.24% 4
3 Yr 3.3% * -33.1% 23.9% 71.37% 4
5 Yr 10.8% * -16.9% 26.2% 63.51% 4
10 Yr 1.8% * -8.7% 16.0% 83.90% 5

* Annualized


Return Ranking - Calendar

Period TAVFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.8% -73.5% 33.8% 29.94% 2
2015 -15.3% -27.7% 17.2% 87.87% 5
2014 -0.9% -40.2% 27.0% 38.31% 3
2013 14.9% -23.4% 52.0% 74.75% 4
2012 24.2% -33.0% 30.2% 2.19% 1

Total Return Ranking - Trailing

Period TAVFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.3% -31.9% 30.7% 72.17% 4
1 Yr 12.3% -67.2% 185.9% 57.12% 3
3 Yr 3.3% * -32.3% 35.8% 65.29% 4
5 Yr 10.8% * -15.8% 26.2% 58.21% 3
10 Yr 1.8% * -5.5% 16.0% 82.90% 5

* Annualized


Total Return Ranking - Calendar

Period TAVFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.8% -73.5% 33.8% 35.03% 2
2015 -8.8% -25.3% 23.7% 85.24% 5
2014 5.6% -13.6% 47.6% 25.39% 2
2013 23.1% -4.2% 170.1% 75.81% 4
2012 37.3% -23.9% 350.8% 4.53% 1

NAV & Total Return History

TAVFX - Holdings

Filings data as of: Jan 31, 2017

Concentration Analysis

TAVFX Category Low Category High TAVFX % Rank Quintile
Net Assets 1.15 B 9.87 K 90 B 5.58% 2
Number of Holdings 41 1 7741 14.46% 5
Net Assets in Top 10 535 M -1.03 M 17.1 B 4.06% 1
Weighting of Top 10 45.1% 0.0% 115.8% 6.33% 2

Top 10 Holdings

  1. Bank of New York Mellon Corp 5.74%
  2. Cavco Industries Inc 3.67%
  3. Comerica Inc 5.12%
  4. Weyerhaeuser Co 5.77%
  5. CK Hutchison Holdings Ltd 3.75%
  6. White Mountains Insurance Group Ltd 4.16%
  7. PNC Financial Services Group Inc 5.49%
  8. Total SA 3.84%
  9. Brookfield Asset Management Inc Class A 3.87%
  10. Alleghany Corp 3.71%

Asset Allocation

Weighting Category Low Category High TAVFX % Rank Quintile
Stocks
94.05% 0.00% 132.91% 18.34% 4
Cash
4.66% -35.60% 102.01% 8.13% 2
Other
1.28% -2.43% 40.46% 10.11% 2
Preferred Stocks
0.00% 0.00% 4.06% 5.10% 2
Convertible Bonds
0.00% 0.00% 29.43% 1.61% 1
Bonds
0.00% -0.03% 97.75% 6.71% 2

Stock Sector Breakdown

Weighting Category Low Category High TAVFX % Rank Quintile
Financial Services
28.71% 0.00% 40.61% 1.51% 1
Consumer Cyclical
14.64% 0.00% 48.62% 10.22% 2
Basic Materials
12.31% 0.00% 35.84% 1.42% 1
Industrials
9.25% 0.00% 77.73% 19.77% 4
Real Estate
7.69% 0.00% 93.47% 1.89% 1
Energy
7.52% 0.00% 48.59% 5.77% 1
Healthcare
6.78% 0.00% 48.64% 23.75% 4
Technology
5.07% 0.00% 77.91% 27.15% 5
Communication Services
2.09% -1.23% 78.97% 19.30% 4
Utilities
0.00% 0.00% 82.48% 17.79% 4
Consumer Defense
0.00% 0.00% 53.29% 28.00% 5

Stock Geographic Breakdown

Weighting Category Low Category High TAVFX % Rank Quintile
US
66.06% 0.00% 126.77% 1.70% 1
Non US
27.99% 0.00% 100.00% 29.77% 5

TAVFX - Expenses

Operational Fees

TAVFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.15% 0.00% 323.68% 23.44% 2
Management Fee 0.90% 0.00% 1.95% 2.36% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.01% 0.01% 0.45% 7.33% 1

Sales Fees

TAVFX Fees (% of AUM) Category Low Category High TAVFX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

TAVFX Fees (% of AUM) Category Low Category High TAVFX Rank Quintile
Max Redemption Fee 1.00% 0.08% 2.00% 1.08% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TAVFX Fees (% of AUM) Category Low Category High TAVFX Rank Quintile
Turnover 17.00% 0.00% 2311.00% 15.46% 1

TAVFX - Distributions

Dividend Yield Analysis

TAVFX Category Low Category High TAVFX % Rank Quintile
Dividend Yield 1.9% 0.00% 2.38% 0.25% 1

Dividend Distribution Analysis

TAVFX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

TAVFX Category Low Category High TAVFX % Rank Quintile
Net Income Ratio 1.16% -2.05% 6.75% 17.67% 2

Capital Gain Distribution Analysis

TAVFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

TAVFX - Managers

Yang Lie

Manager

Start Date

Jan 02, 2013

Tenure

4.41

Tenure Rank

6.9%

"Ms. Lie is a Portfolio Manager for the Third Avenue Value Fund, Third Avenue Value Fund UCITS, Third Avenue Variable Series Trust and sub-advised portfolios. She joined Third Avenue in 1996 and helped develop the firm's high net worth and institutional separate account business. Previously she was an equity analyst at Prudential Securities where she covered technology and imaging stocks. Ms. Lie began her career at Motorola where she managed a team of software engineers and developed both software and hardware components for encryption key management systems. "


Robert L. Rewey

Manager

Start Date

Jun 10, 2014

Tenure

2.98

Tenure Rank

8.6%

"Mr. Rewey is the leader of Third Avenue’s Value and Small-Cap Teams, serving as the Lead Portfolio Manager for the Third Avenue Value and Small-Cap Value Funds. Before he joined Third Avenue, Mr. Rewey spent more than ten years at Cramer Rosenthal McGlynn, LLC as a Senior Vice President and Senior Portfolio Manager where he oversaw the firm’s smid, mid, large and all cap investment strategies. "


Tenure Analysis

Category Low

0.0

Category High

34.8

Category Average

5.85

Category Mode

0.3