Past performance is no guarantee of future results; returns include reinvestment of all distributions. The above represents past performance and current performance may be lower or higher than the performance quoted above. Investment return and principal value fluctuate so that an investor's shares, when redeemed, may be worth more or less that the original cost. For the most recent month-end performance, please visit the Fund's website www.thirdave.com.

Click here for standard performance.

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 (800) 443-1021.  Read the prospectus or summary prospectus carefully before investing.

Third Avenue Funds are distributed by Foreside FundServices, LLC.  

FUND RISKS: Risks that could negatively impact returns include: fluctuations in currencies versus the US dollar, political/social/economic instability in foreign countries where the Fund invests, lack of diversification, and adverse general market conditions. For a full disclosure of principal investment risks, please refer to the Fund’s Prospectus.

TAVFX gross/net expenses: 1.20%/1.20%. Contractual fee waiver in place through at least 3/1/2024

Active Share is the percentage of a fund’s portfolio that differs from the benchmark index.

Alpha is the active return on an investment, it gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.

The MSCI World Index captures large and mid-cap representation across 23 Developed Markets (DM) countries. With 1,546 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.

The MSCI World Value Index captures large and mid cap securities exhibiting overall value style characteristics across 23 Developed Markets (DM) countries. The value investment style characteristics for index construction are defined using three variables: book value to price, 12-month forward earnings to price and dividend yield.

Based on equity holdings only. P/E Trailing 12 Month – Weighted harmonic average of the ratio of current share price to trailing 12-months earnings per share of each security holding invested in the portfolio. P/E Adjusted Trailing 12 Month - Weighted harmonic average of the ratio of current share price to trailing 12 months earnings per share of each security holding invested in the portfolio with a positive trailing 12-months earnings per share. Price to Sales -Weighted harmonic average of the ratio of current share price to its trailing 12-months sales per share of each security holding invested in the portfolio. Price to Book - Weighted harmonic average of the ratio of current share price to its book value per share of each security holding invested in the portfolio. Price to Cash Flow - Weighted harmonic average of the ratio of current share price to its trailing 12-months cash flow per share of each security holding invested in the portfolio.