TVFVX: Third Avenue Value Fund - MutualFunds.com

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Third Avenue Value Investor

TVFVX - Snapshot

Vitals

  • YTD Return -15.5%
  • 3 Yr Annualized Return -10.3%
  • 5 Yr Annualized Return -1.1%
  • Net Assets $415 M
  • Holdings in Top 10 50.4%

52 WEEK LOW AND HIGH

$33.76
$20.15
$41.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.51%

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) $2,500
  • IRA $2,500

Fund Classification


Compare TVFVX to Popular International Large-Cap Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$55.34

+0.40%

$111.59 B

0.87%

$0.48

17.10%

0.75%

$53.17

+0.30%

$97.81 B

1.66%

$0.88

1.70%

0.77%

$219.49

+0.36%

$20.97 B

-

-

9.17%

0.50%

$170.16

+0.41%

$20.25 B

2.26%

$3.83

2.95%

0.08%

$83.45

+0.46%

$20.25 B

2.26%

$1.88

3.04%

0.08%

TVFVX - Profile

Distributions

  • YTD Total Return -15.5%
  • 3 Yr Annualized Total Return -10.3%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.35%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Third Avenue Value Fund
  • Fund Family Name
    Third Avenue
  • Inception Date
    Dec 31, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Fine

Fund Description

The fund seeks to achieve its objective mainly by acquiring common stocks of well-financed companies (meaning companies with high quality assets and conservative levels of liabilities) at a discount to what the Adviser believes is their intrinsic value. It may invest in companies of any market capitalization and across all industries. The fund may also acquire senior securities, such as convertible securities, preferred stocks and debt instruments, that the Adviser believes are undervalued. It also invests in both domestic and foreign securities.


TVFVX - Performance

Return Ranking - Trailing

Period TVFVX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.5% -30.4% 870.1% 97.66%
1 Yr -10.1% -24.8% 103.4% 96.84%
3 Yr -10.3%* -10.3% 33.4% 100.00%
5 Yr -1.1%* -1.9% 30.6% 99.86%
10 Yr 1.1%* -7.3% 18.9% 99.80%

* Annualized

Return Ranking - Calendar

Period TVFVX Return Category Return Low Category Return High Rank in Category (%)
2019 6.5% -38.3% 47.1% 97.24%
2018 -29.0% -54.2% 0.6% 95.83%
2017 5.8% -76.0% 54.1% 96.17%
2016 4.8% -14.4% 47.8% 27.46%
2015 -15.3% -36.4% 17.2% 97.01%

Total Return Ranking - Trailing

Period TVFVX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.5% -30.4% 870.1% 97.66%
1 Yr -10.1% -28.5% 103.4% 94.96%
3 Yr -10.3%* -10.3% 33.4% 100.00%
5 Yr -1.1%* -1.9% 30.6% 99.86%
10 Yr 1.1%* -7.3% 18.9% 99.80%

* Annualized

Total Return Ranking - Calendar

Period TVFVX Return Category Return Low Category Return High Rank in Category (%)
2019 6.5% -33.1% 47.1% 97.49%
2018 -29.0% -44.4% 1.8% 96.50%
2017 5.8% -6.5% 54.1% 98.08%
2016 4.8% -14.4% 47.8% 47.17%
2015 -15.3% -36.4% 18.6% 98.07%

NAV & Total Return History


TVFVX - Holdings

Concentration Analysis

TVFVX Category Low Category High TVFVX % Rank
Net Assets 415 M 100 112 B 46.48%
Number of Holdings 41 1 8821 78.22%
Net Assets in Top 10 208 M -7.03 M 32.5 B 36.00%
Weighting of Top 10 50.38% 4.0% 100.0% 13.92%

Top 10 Holdings

  1. Interfor Corp 7.37%
  2. Lundin Mining Corp 6.79%
  3. CK Hutchison Holdings Ltd 5.83%
  4. CK Hutchison Holdings Ltd 5.83%
  5. CK Hutchison Holdings Ltd 5.83%
  6. CK Hutchison Holdings Ltd 5.83%
  7. CK Hutchison Holdings Ltd 5.83%
  8. CK Hutchison Holdings Ltd 5.83%
  9. CK Hutchison Holdings Ltd 5.83%
  10. CK Hutchison Holdings Ltd 5.83%

Asset Allocation

Weighting Return Low Return High TVFVX % Rank
Stocks
93.83% 0.00% 118.93% 86.68%
Cash
5.67% -483.97% 56.79% 12.64%
Bonds
0.51% -0.05% 501.39% 6.55%
Preferred Stocks
0.00% 0.00% 4.09% 35.44%
Other
0.00% -0.36% 10.92% 36.91%
Convertible Bonds
0.00% 0.00% 4.10% 28.89%

Stock Sector Breakdown

Weighting Return Low Return High TVFVX % Rank
Basic Materials
33.62% 0.00% 39.74% 0.34%
Financial Services
16.84% 0.00% 32.83% 23.14%
Industrials
16.52% 0.00% 44.88% 8.01%
Consumer Cyclical
13.59% 0.00% 43.71% 29.80%
Real Estate
12.04% 0.00% 38.93% 0.56%
Energy
7.39% 0.00% 16.10% 1.69%
Utilities
0.00% 0.00% 27.81% 77.31%
Technology
0.00% 0.00% 50.63% 99.44%
Healthcare
0.00% 0.00% 37.90% 98.87%
Communication Services
0.00% 0.00% 32.95% 98.19%
Consumer Defense
0.00% 0.00% 76.29% 98.53%

Stock Geographic Breakdown

Weighting Return Low Return High TVFVX % Rank
Non US
56.64% 0.00% 99.35% 8.01%
US
37.19% 0.00% 100.60% 93.00%

Bond Sector Breakdown

Weighting Return Low Return High TVFVX % Rank
Cash & Equivalents
90.81% 0.00% 100.00% 82.17%
Corporate
8.12% 0.00% 100.00% 8.57%
Derivative
1.07% 0.00% 98.38% 10.29%
Securitized
0.00% 0.00% 30.19% 23.66%
Municipal
0.00% 0.00% 24.26% 24.46%
Government
0.00% 0.00% 98.30% 30.86%

Bond Geographic Breakdown

Weighting Return Low Return High TVFVX % Rank
US
0.51% -0.05% 169.84% 4.51%
Non US
0.00% 0.00% 487.46% 30.02%

TVFVX - Expenses

Operational Fees

TVFVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.51% 0.01% 44.27% 34.05%
Management Fee 0.90% 0.00% 1.82% 89.26%
12b-1 Fee 0.25% 0.00% 1.00% 26.95%
Administrative Fee 0.01% 0.01% 0.76% 1.09%

Sales Fees

TVFVX 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

TVFVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 90.91%

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.

TVFVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.94% 395.00% 35.94%

TVFVX - Distributions

Dividend Yield Analysis

TVFVX Category Low Category High TVFVX % Rank
Dividend Yield 0.00% 0.00% 7.49% 31.84%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

TVFVX Category Low Category High TVFVX % Rank
Net Income Ratio 1.35% -1.52% 12.65% 43.61%

Capital Gain Distribution Analysis

TVFVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

TVFVX - Fund Manager Analysis

Managers

Matthew Fine


Start Date

Tenure

Tenure Rank

Sep 19, 2017

3.03

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
0.01 35.32 6.03 0.75