*As of November 30, 2020 securities issued by the Federal National Mortgage Association (“Fannie Mae”) accounted for approximately 4.05% of the Fund’s Net Assets. Allocations are subject to change without notice.
For more information please contact Client Services at 212-906-1160 or firstname.lastname@example.org.
IMPORTANT INFORMATION Past performance is no guarantee of future results; returns include reinvestment of all distributions. The information in this booklet represents past performance and current performance may be lower or higher than performance quoted above. Investment return and principal value fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.
This publication does not constitute an offer or solicitation of any transaction in any securities. Any recommendation contained herein may not be suitable for all investors. Information contained in this publication has been obtained from sources we believe to be reliable, but cannot be guaranteed.
Fund Risks: In addition to general market conditions, the value of the Fund will be affected by the strength of the real estate markets. Factors that could affect the value of the Fund’s holdings include the following: overbuilding and increased competition, increases in property taxes and operating expenses, declines in the value of real estate, lack of availability of equity and debt financing to refinance maturing debt, vacancies due to economic conditions and tenant bankruptcies, losses due to costs resulting from environmental contamination and its related clean-up, changes in interest rates, changes in zoning laws, casualty or condemnation losses, variations in rental income, changes in neighborhood values, and functional obsolescence and appeal of properties to tenants. For a full disclosure of principal investment risks, please refer to the Fund’s Prospectus.
Third Avenue Funds are offered by prospectus only. The prospectus contains important information, including investment objectives, risks, advisory fees and expenses. Please read the prospectus carefully before investing in the Funds. Investment return and principal value fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For updated information or a copy of our prospectus, please call 1-800-443-1021 or go to our web site at www.thirdave.com. Distributor of Third Avenue Funds: Foreside Fund Services, LLC. For updated information or a copy of the Third Avenue International Real Estate Value Fund Prospectus, please call 1-800-673-0550 or visit https://theworldfundstrust.com/funds/third-avenue/third-ave-intl-real-estate-value.php. Distributor of Third Avenue International Real Estate Value Fund: First Dominion Capital Corp, Richmond, Va Member FINRA/SIPC