This interview was taped on February 19th 2020
Overall Morningstar rating as of February 29 2020, vs. 395 funds of Small Value Category Funds. Ratings based on risk-adjusted return. Past performance is no guarantee of future results.
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 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 www.thirdave.com.
Institutional shares are subject to minimum investments.
These materials do not constitute an offer to sell or a solicitation of an offer to purchase any securities. Third Avenue Funds are offered by prospectus only. Please visit www.thirdave.com to access and carefully read the Fund’s prospectus before investing as it contains important information, including full disclosures of investment objectives, advisory fees and expenses, and investment risks, including principal loss risk.
Distributor of Third Avenue Funds: Foreside Fund Services, LLC.
FUND RISKS: Please be aware that small-cap investments are subject to higher volatility and lower financial resources than large-cap investments. The markets for these securities are also less liquid than those for larger companies. For a full disclosure of principal investment risks, please refer to the Fund’s Prospectus.
Top 10 holdings and additional fund information click here
Holdings and allocations are subject to change.
Active Share is the percentage of a fund’s portfolio that differs from the benchmark index.
See Morningstar Report on TASCX and 4-Star rating here.
Overall Morningstar rating, as of February 29, 2020, vs. 395 funds. TASCX was rated against the following numbers of Small Value Category Funds over the following time periods: 395 funds in the last three years, 348 funds in the last five years, and 241 funds in the last ten years. With respect to these Small Value funds, TASCX received a Morningstar Rating of 4 stars, 4 stars and 4 stars for the three-, five- and ten-year periods, respectively. Ratings based on risk-adjusted return. Past performance is no guarantee of future results.
The Morningstar Rating for funds, or “star rating”, is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The content in the video should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or investment products or to adopt any investment strategy. The market opinions and analysis presented may not reflect those of Third Avenue Funds as a whole and different views may be expressed based on different investment styles, objectives, views or philosophies of the participants. If you have any questions, please call 212-888-5222 or visit thirdave.com for more information.