Third Avenue Value Instl
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.9%
1 yr return
2.3%
3 Yr Avg Return
30.5%
5 Yr Avg Return
3.5%
Net Assets
$712 M
Holdings in Top 10
45.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.21%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
$10,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TAVFX - Profile
Distributions
- YTD Total Return 6.9%
- 3 Yr Annualized Total Return 30.5%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.32%
- Dividend Yield 2.8%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameThird Avenue Value Fund
-
Fund Family NameThird Avenue
-
Inception DateNov 01, 1990
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMatthew Fine
TAVFX - Performance
Return Ranking - Trailing
| Period | TAVFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.9% | -44.3% | 9.5% | 1.28% |
| 1 Yr | 2.3% | -51.1% | 24.7% | 1.94% |
| 3 Yr | 30.5%* | -6.4% | 28.0% | 33.11% |
| 5 Yr | 3.5%* | -4.2% | 18.3% | 82.40% |
| 10 Yr | 0.8%* | 1.0% | 13.7% | 78.57% |
* Annualized
Return Ranking - Calendar
| Period | TAVFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | 11.1% | -50.5% | 18.8% | 2.70% |
| 2021 | 8.5% | -27.4% | 103.5% | 88.81% |
| 2020 | 2.3% | 3.5% | 66.4% | 98.57% |
| 2019 | 1.6% | -64.5% | 5.6% | 82.54% |
| 2018 | -6.6% | -9.3% | 49.7% | 96.23% |
Total Return Ranking - Trailing
| Period | TAVFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.9% | -44.3% | 9.5% | 1.28% |
| 1 Yr | 2.3% | -51.1% | 24.7% | 1.94% |
| 3 Yr | 30.5%* | -6.4% | 28.0% | 32.43% |
| 5 Yr | 3.5%* | -4.2% | 18.3% | 80.80% |
| 10 Yr | 0.8%* | 1.0% | 13.7% | 77.38% |
* Annualized
Total Return Ranking - Calendar
| Period | TAVFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | 11.1% | -50.6% | 18.8% | 2.70% |
| 2021 | 8.5% | -27.4% | 103.5% | 88.81% |
| 2020 | 2.3% | 3.5% | 66.4% | 98.57% |
| 2019 | 1.6% | -64.5% | 5.6% | 91.27% |
| 2018 | -6.6% | -9.3% | 53.2% | 98.11% |
NAV & Total Return History
TAVFX - Holdings
Concentration Analysis
| TAVFX | Category Low | Category High | TAVFX % Rank | |
|---|---|---|---|---|
| Net Assets | 712 M | 2.31 M | 71.6 B | 25.63% |
| Number of Holdings | 38 | 31 | 9561 | 99.38% |
| Net Assets in Top 10 | 322 M | 452 K | 5.44 B | 20.63% |
| Weighting of Top 10 | 45.13% | 4.2% | 63.4% | 9.38% |
Top 10 Holdings
- Bank of Ireland Group PLC 8.08%
- Bank of Ireland Group PLC 8.08%
- Bank of Ireland Group PLC 8.08%
- Bank of Ireland Group PLC 8.08%
- Bank of Ireland Group PLC 8.08%
- Bank of Ireland Group PLC 8.08%
- Bank of Ireland Group PLC 8.08%
- Bank of Ireland Group PLC 8.08%
- Bank of Ireland Group PLC 8.08%
- Bank of Ireland Group PLC 8.08%
Asset Allocation
| Weighting | Return Low | Return High | TAVFX % Rank | |
|---|---|---|---|---|
| Stocks | 89.15% | 40.59% | 104.41% | 77.50% |
| Cash | 10.85% | -4.41% | 47.07% | 7.50% |
| Preferred Stocks | 0.00% | 0.00% | 1.04% | 71.88% |
| Other | 0.00% | -7.94% | 19.71% | 77.50% |
| Convertible Bonds | 0.00% | 0.00% | 7.55% | 71.25% |
| Bonds | 0.00% | 0.00% | 8.07% | 71.25% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TAVFX % Rank | |
|---|---|---|---|---|
| Basic Materials | 23.47% | 0.00% | 26.39% | 2.50% |
| Industrials | 21.99% | 0.00% | 53.77% | 67.50% |
| Financial Services | 21.15% | 0.00% | 75.07% | 6.88% |
| Energy | 14.37% | 0.00% | 36.56% | 10.00% |
| Consumer Cyclical | 12.26% | 0.00% | 71.20% | 50.63% |
| Real Estate | 3.73% | 0.00% | 43.48% | 26.25% |
| Consumer Defense | 2.43% | 0.00% | 52.28% | 77.50% |
| Technology | 0.30% | 0.00% | 93.40% | 99.38% |
| Healthcare | 0.16% | 0.00% | 28.38% | 88.75% |
| Communication Services | 0.11% | 0.00% | 23.15% | 86.88% |
| Utilities | 0.03% | 0.00% | 70.33% | 62.50% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TAVFX % Rank | |
|---|---|---|---|---|
| Non US | 62.78% | 12.39% | 83.06% | 9.38% |
| US | 26.37% | 6.76% | 79.19% | 93.13% |
TAVFX - Expenses
Operational Fees
| TAVFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.21% | 0.43% | 2.93% | 50.00% |
| Management Fee | 0.90% | 0.30% | 1.25% | 66.88% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.15% | 3.28% |
Sales Fees
| TAVFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| TAVFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 93.94% |
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 Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 7.00% | 145.00% | 14.07% |
TAVFX - Distributions
Dividend Yield Analysis
| TAVFX | Category Low | Category High | TAVFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.84% | 0.00% | 14.18% | 75.00% |
Dividend Distribution Analysis
| TAVFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
| TAVFX | Category Low | Category High | TAVFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.32% | -1.92% | 6.98% | 7.64% |
Capital Gain Distribution Analysis
| TAVFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 11, 2020 | $0.301 | OrdinaryDividend |
| Dec 13, 2019 | $2.390 | OrdinaryDividend |
| Dec 19, 2018 | $0.185 | OrdinaryDividend |
| Dec 20, 2017 | $1.613 | OrdinaryDividend |
| Dec 14, 2016 | $0.449 | OrdinaryDividend |
| Dec 08, 2015 | $0.770 | OrdinaryDividend |
| Dec 09, 2014 | $2.254 | OrdinaryDividend |
| Dec 18, 2013 | $1.927 | OrdinaryDividend |
| Dec 18, 2012 | $1.314 | OrdinaryDividend |
| Dec 20, 2011 | $0.796 | OrdinaryDividend |
| Dec 21, 2010 | $0.967 | OrdinaryDividend |
| Dec 22, 2009 | $1.140 | OrdinaryDividend |
| Dec 28, 2004 | $0.775 | OrdinaryDividend |
| Dec 18, 2003 | $0.315 | OrdinaryDividend |
| May 31, 2000 | $4.000 | OrdinaryDividend |
| Nov 29, 1999 | $0.424 | OrdinaryDividend |
| Jan 07, 1999 | $0.402 | OrdinaryDividend |
| Jan 06, 1998 | $0.411 | OrdinaryDividend |
TAVFX - Fund Manager Analysis
Managers
Matthew Fine
Start Date
Tenure
Tenure Rank
Sep 19, 2017
4.7
4.7%
Mr. Fine joined Third Avenue in 2000 and began working with Third Avenue’s international team in an effort to identify investment opportunities in the wake of the Argentine crisis of 2001. Mr. Fine has extensive global investment experience across developed and developing markets throughout North America, Latin America, Europe and Asia. Mr. Fine joined Third Avenue’s research and portfolio management team as a research associate, the first position typically held by Third Avenue’s internally developed talent. He became a senior research analyst in 2008, a principal of the firm in 2009 and lead portfolio manager of the Third Avenue International Value Fund in 2014. Mr. Fine holds a B.A. in Economics from Hamilton College. He is a CFA Charterholder, a member of the New York Society of Security Analysts and a member of the Board of Trustees of Suffield Academy.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 39.6 | 7.02 | 9.33 |