TAVFX: Third Avenue Value Instl

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TAVFX Third Avenue Value Instl


Profile

TAVFX - Profile

Vitals

  • YTD Return -15.8%
  • 3 Yr Annualized Return -15.2%
  • 5 Yr Annualized Return -8.0%
  • Net Assets $438 M
  • Holdings in Top 10 49.9%

52 WEEK LOW AND HIGH

$33.84
$20.10
$41.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.23%

SALES FEES

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

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $100,000
  • IRA $100,000

Fund Classification


Distributions

  • YTD Total Return -15.8%
  • 3 Yr Annualized Total Return -15.2%
  • 5 Yr Annualized Total Return -8.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

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
    Matthew Fine

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Categories

Performance

TAVFX - Performance

Return Ranking - Trailing

Period TAVFX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.8% -92.6% 826.9% 95.02%
1 Yr -12.0% -92.6% 500.8% 90.63%
3 Yr -15.2%* -60.7% 26.8% 99.71%
5 Yr -8.0%* -43.5% 16.2% 99.33%
10 Yr -3.4%* -22.8% 12.4% 97.24%

* Annualized

Return Ranking - Calendar

Period TAVFX Return Category Return Low Category Return High Rank in Category (%)
2019 6.4% -33.1% 42.6% 97.04%
2018 -29.0% -44.4% 0.0% 96.11%
2017 5.7% -6.5% 37.7% 95.71%
2016 4.8% -9.5% 47.8% 34.77%
2015 -15.3% -30.6% 10.8% 97.55%

Total Return Ranking - Trailing

Period TAVFX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.8% -92.6% 826.9% 95.02%
1 Yr -12.0% -92.6% 500.8% 90.38%
3 Yr -15.2%* -60.7% 26.8% 99.71%
5 Yr -8.0%* -43.5% 21.4% 99.33%
10 Yr -3.4%* -22.8% 13.4% 97.93%

* Annualized

Total Return Ranking - Calendar

Period TAVFX Return Category Return Low Category Return High Rank in Category (%)
2019 6.4% -33.1% 42.6% 97.04%
2018 -29.0% -44.4% 1.8% 96.11%
2017 5.7% -6.5% 41.7% 96.63%
2016 4.8% -9.5% 47.8% 59.60%
2015 -15.3% -30.6% 14.3% 98.95%

NAV & Total Return History


Holdings

TAVFX - Holdings

Concentration Analysis

TAVFX Category Low Category High TAVFX % Rank
Net Assets 438 M 21.7 K 10.1 B 37.90%
Number of Holdings 38 1 1241 76.81%
Net Assets in Top 10 190 M 19.4 K 7.1 B 30.63%
Weighting of Top 10 49.91% 11.0% 100.0% 19.39%

Top 10 Holdings

  1. Lundin Mining Corp 7.06%
  2. CK Hutchison Holdings Ltd 5.83%
  3. Interfor Corp 5.45%
  4. Bank of Ireland Group PLC 4.99%
  5. Warrior Met Coal Inc 4.95%
  6. Bayerische Motoren Werke AG 4.86%
  7. Buzzi Unicem SpA 4.70%
  8. Deutsche Bank AG 4.37%
  9. CK Asset Holdings Ltd 3.98%
  10. Eagle Materials Inc 3.73%

Asset Allocation

Weighting Return Low Return High TAVFX % Rank
Stocks
94.60% 43.21% 100.98% 71.55%
Cash
4.80% -0.97% 56.79% 23.85%
Bonds
0.60% -0.07% 12.87% 5.91%
Preferred Stocks
0.00% 0.00% 9.00% 89.50%
Other
0.00% -0.23% 6.31% 88.84%
Convertible Bonds
0.00% 0.00% 0.25% 87.31%

Stock Sector Breakdown

Weighting Return Low Return High TAVFX % Rank
Basic Materials
29.23% 0.00% 39.74% 0.88%
Industrials
18.96% 0.00% 44.88% 8.10%
Consumer Cyclical
15.43% 0.00% 31.89% 12.69%
Financial Services
15.10% 0.00% 32.55% 32.17%
Real Estate
14.43% 0.00% 15.94% 0.88%
Energy
6.86% 0.00% 11.18% 7.66%
Utilities
0.00% 0.00% 27.81% 96.50%
Technology
0.00% 0.00% 41.25% 99.78%
Healthcare
0.00% 0.00% 34.85% 100.00%
Communication Services
0.00% 0.00% 27.06% 100.00%
Consumer Defense
0.00% 0.00% 76.29% 99.34%

Stock Geographic Breakdown

Weighting Return Low Return High TAVFX % Rank
Non US
55.78% 10.83% 89.25% 18.16%
US
38.82% 8.91% 72.66% 86.00%

Bond Sector Breakdown

Weighting Return Low Return High TAVFX % Rank
Cash & Equivalents
88.82% -0.25% 100.00% 79.73%
Corporate
11.18% 0.00% 78.85% 8.66%
Derivative
0.00% 0.00% 98.38% 87.93%
Securitized
0.00% 0.00% 9.94% 86.79%
Municipal
0.00% 0.00% 0.07% 86.79%
Government
0.00% 0.00% 55.65% 88.15%

Bond Geographic Breakdown

Weighting Return Low Return High TAVFX % Rank
US
0.60% -0.06% 11.74% 5.47%
Non US
0.00% -0.01% 4.69% 87.96%

Expenses

TAVFX - Expenses

Operational Fees

TAVFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.01% 53.31% 53.59%
Management Fee 0.90% 0.00% 1.82% 90.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.01% 0.01% 0.70% 1.92%

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% 5.00% N/A

Trading Fees

TAVFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 100.00%

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 25.00% 3.00% 260.00% 28.08%

Distributions

TAVFX - Distributions

Dividend Yield Analysis

TAVFX Category Low Category High TAVFX % Rank
Dividend Yield 0.00% 0.00% 3.16% 88.65%

Dividend Distribution Analysis

TAVFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

TAVFX Category Low Category High TAVFX % Rank
Net Income Ratio 1.57% -1.37% 5.60% 47.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TAVFX - Fund Manager Analysis

Managers

Matthew Fine


Start Date

Tenure

Tenure Rank

Sep 19, 2017

2.95

3.0%

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 26.75 5.25 0.67