Third Avenue Small-Cap Value Fund

INSTITUTIONAL:  TASCX   |  INVESTOR:  TVSVX
Inception: April 1997

Chip Rewey, CFA | Lead Portfolio Manager
Tim Bui, CFA | Portfolio Manager

Our Small-Cap Strategy seeks long term capital appreciation by investing in equity securities of small capitalization companies in the US that we believe to be mispriced by the market.

Small in market cap, high in quality.

The Small-Cap Strategy follows Third Avenue’s value-oriented approach and is driven by our focus on financial strength, ability to compound NAV, and priced at a discount to our conservative estimate of NAV.  Our concentration on companies with financial strength and potential to compound NAV leads to a portfolio of what we believe are high quality businesses at a deep discount.

Third Avenue Funds are distributed by Foreside Fund Services, LLC.  Investors should consider the investment objectives, risks, charges and expenses carefully before investing. Third Avenue Funds are offered by prospectus only.  The prospectuses and summary prospectuses are available on this website or by calling (212) 906-1160.  Read the prospectus or summary prospectus carefully before investing. 


1 Active Share is the percentage of a fund’s portfolio that differs from the benchmark index. The Russell 2000 Value Index measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values.

Indices are not securities that can be purchased or sold, and their total returns are reflective of unmanaged portfolios. The returns include reinvestment of interest, capital gains and dividends.

Active Management, High Active Share

95.06%

Active Share vs. Russell 2000 Value Index1

61

Total Equity Holdings
Figures above are as of March 31, 2017

Fund Information

Quarterly Fund Fact Sheet
Quarterly Fund Commentary/Shareholder Letter
Summary Prospectus

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