Third Avenue Value PM, Matthew Fine is featured in this Business Insider piece where he describes the opportunities he is finding in small-cap and international companies as a ‘once-in-generation event’.
Key takeaways include:
- Through all the wild market swings of the past five years, Matthew Fine’s fund has risen.
- Focusing on small caps and international companies has led to his outperformance.
- 10 top stocks worth investing in right now, in Fine’s view.
P/E Ratio: The price-to-earnings ratio is the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS). To determine the P/E value, one must simply divide the current stock price by the earnings per share (EPS).
S&P 500: Standard & Poor’s 500 Index, is a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S. Source: S&P Dow Jones Indices.
Nasdaq 100: Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. Index composition is reviewed on an annual basis in December.
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.
Past performance is no guarantee of future results. Mutual Fund returns include reinvestment of all distributions. Returns are annualized for periods longer than one year. The returns represent 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. For the most recent month-end performance, please visit the Fund’s website at thirdave.com.
Holdings are subject to change at any time and are not a recommendation to buy or sell any security. For standardized performance, top 10 holdings and important disclosures please click here.
The fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 800-443-1021 or visiting www.thirdave.com. Read it carefully before investing.
Among funds in the Morningstar Global Small/Mid Stock Funds category, the Third Avenue Value Fund ranked in the top 3% for the 1-year period out of 159 funds, 1% for the 3-year period out of 139 funds, 4% for the 5-year period out of 121 funds and ranked 26% for the 10-year period out of 87 funds as of 9/30/23. Morningstar percentile rank is a standardized way of ranking items within a peer group, in this case, funds with the same Morningstar Category. The highest percentile rank is 1 and the lowest is 100. It is based on Morningstar total return, which includes both income and capital gains of losses and is not adjusted for sales charges or redemption fees. Ratings and rankings are one measure of performance. Some of our Funds have experienced negative performance for the time periods shown.
Morningstar Ranking: # of Funds in Category displays the fund’s actual rank within its Morningstar Category based on average annual total return and number of Funds in that Category.
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Distributor of Third Avenue Funds: Foreside Fund Services, LLC.