Third Avenue Value Fund

INSTITUTIONAL:  TAVFX  |  INVESTOR:  TVFVX
Inception: November 1990

Chip Rewey, CFA | Lead Portfolio Manager
Yang Lie | Portfolio Manager

Our flagship mutual fund strategy was launched in 1990 under the leadership of Martin J. Whitman. The high conviction strategy seeks to invest in undervalued securities across industries, regions and market capitalizations. Our fundamental analysis seeks to identify stocks trading below their intrinsic value that compound asset values at double digit rates.

Opportunistic. Eclectic. Go Anywhere.

The Value strategy’s flexible mandate takes a global, all-cap equities approach and allows for opportunistic investments in credit securities across the capital structure. Opportunities are evaluated with sharp focus on financial strength, ability to compound NAV, and priced at a significant discount to our conservative estimate of NAV.

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 MSCI World Index is an unmanaged, free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of 23 of the world’s most developed markets.

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

97.94%

Active Share vs. MSCI World Index1

36

Total Equity Holdings
Figures above are as of December 31, 2016

Fund Information

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

Subscribe to receive the latest updates, timely commentary and other materials on this fund (for Investment Professionals only)