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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$68.75

$715 M

2.35%

$1.61

1.13%

Vitals

YTD Return

6.6%

1 yr return

20.2%

3 Yr Avg Return

15.6%

5 Yr Avg Return

15.0%

Net Assets

$715 M

Holdings in Top 10

53.4%

52 WEEK LOW AND HIGH

$68.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.13%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$25,000

IRA

$5,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$68.75

$715 M

2.35%

$1.61

1.13%

TAVZX - Profile

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return 15.6%
  • 5 Yr Annualized Total Return 15.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.42%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    THIRD AVENUE VALUE FUND
  • Fund Family Name
    Third Avenue Funds
  • Inception Date
    Mar 01, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Z
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Fine

Fund Description

The Fund seeks to achieve its objective mainly by acquiring common stocks of well-financed companies (meaning companies with high quality assets and conservative levels of liabilities) at a discount to what Third Avenue Management LLC (the “Adviser”) believes is their intrinsic value. Adhering to this strict value discipline, the Fund generally seeks to construct a focused portfolio of high conviction opportunities. The Fund may invest in companies of any market capitalization and across all industries. The Fund may also acquire senior securities, such as convertible securities, preferred stocks and debt instruments (including high-yield and distressed securities, often referred to as “junk,” that may be in default and may have any or no credit rating) that the Adviser believes are undervalued. The Fund also invests in both domestic and foreign securities.

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TAVZX - Performance

Return Ranking - Trailing

Period TAVZX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -44.3% 9.5% 0.64%
1 Yr 20.2% -51.1% 24.7% 1.29%
3 Yr 15.6%* -6.4% 28.0% 32.43%
5 Yr 15.0%* -4.2% 18.3% 81.60%
10 Yr N/A* 1.0% 13.7% 76.19%

* Annualized

Return Ranking - Calendar

Period TAVZX Return Category Return Low Category Return High Rank in Category (%)
2023 14.7% -50.5% 18.8% 3.38%
2022 11.1% -27.4% 103.5% 88.11%
2021 17.8% 3.5% 66.4% 99.29%
2020 7.0% -64.5% 5.6% N/A
2019 6.3% -9.3% 49.7% N/A

Total Return Ranking - Trailing

Period TAVZX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -44.3% 9.5% 0.64%
1 Yr 20.2% -51.1% 24.7% 1.29%
3 Yr 15.6%* -6.4% 28.0% 31.76%
5 Yr 15.0%* -4.2% 18.3% 80.00%
10 Yr N/A* 1.0% 13.7% 75.00%

* Annualized

Total Return Ranking - Calendar

Period TAVZX Return Category Return Low Category Return High Rank in Category (%)
2023 20.3% -50.6% 18.8% 3.38%
2022 17.6% -27.4% 103.5% 88.11%
2021 22.5% 3.5% 66.4% 99.29%
2020 7.8% -64.5% 5.6% N/A
2019 13.0% -9.3% 53.2% N/A

NAV & Total Return History


TAVZX - Holdings

Concentration Analysis

TAVZX Category Low Category High TAVZX % Rank
Net Assets 715 M 2.31 M 71.6 B 25.00%
Number of Holdings 30 31 9561 98.75%
Net Assets in Top 10 395 M 452 K 5.44 B 20.00%
Weighting of Top 10 53.37% 4.2% 63.4% 8.75%

Top 10 Holdings

  1. Dreyfus Treasury Securities Cash Management 15.16%
  2. Warrior Met Coal Inc 5.76%
  3. Capstone Copper Corp 5.03%
  4. easyJet PLC 4.33%
  5. Bayerische Motoren Werke AG 4.15%
  6. Tidewater Inc 4.05%
  7. Ultrapar Participacoes SA 3.94%
  8. Deutsche Bank AG 3.83%
  9. Bank of Ireland Group PLC 3.72%
  10. Buzzi SpA 3.39%

Asset Allocation

Weighting Return Low Return High TAVZX % Rank
Stocks
83.66% 40.59% 104.41% 76.88%
Cash
16.34% -4.41% 47.07% 6.88%
Preferred Stocks
0.00% 0.00% 1.04% 38.13%
Other
0.00% -7.94% 19.71% 53.75%
Convertible Bonds
0.00% 0.00% 7.55% 31.25%
Bonds
0.00% 0.00% 8.07% 34.38%

Stock Sector Breakdown

Weighting Return Low Return High TAVZX % Rank
Basic Materials
23.47% 0.00% 26.39% 1.88%
Industrials
21.99% 0.00% 53.77% 66.88%
Financial Services
21.15% 0.00% 75.07% 6.25%
Energy
14.37% 0.00% 36.56% 9.38%
Consumer Cyclical
12.26% 0.00% 71.20% 50.00%
Real Estate
3.73% 0.00% 43.48% 25.63%
Consumer Defense
2.43% 0.00% 52.28% 76.88%
Technology
0.30% 0.00% 93.40% 98.75%
Healthcare
0.16% 0.00% 28.38% 88.13%
Communication Services
0.11% 0.00% 23.15% 86.25%
Utilities
0.03% 0.00% 70.33% 61.88%

Stock Geographic Breakdown

Weighting Return Low Return High TAVZX % Rank
Non US
61.38% 12.39% 83.06% 8.75%
US
22.28% 6.76% 79.19% 92.50%

TAVZX - Expenses

Operational Fees

TAVZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.13% 0.43% 2.93% 58.13%
Management Fee 0.90% 0.30% 1.25% 63.75%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.15% 1.61%

Sales Fees

TAVZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TAVZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 76.47%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TAVZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 7.00% 145.00% 13.33%

TAVZX - Distributions

Dividend Yield Analysis

TAVZX Category Low Category High TAVZX % Rank
Dividend Yield 2.35% 0.00% 14.18% 43.13%

Dividend Distribution Analysis

TAVZX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

TAVZX Category Low Category High TAVZX % Rank
Net Income Ratio 1.42% -1.92% 6.98% 5.73%

Capital Gain Distribution Analysis

TAVZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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TAVZX - Fund Manager Analysis

Managers

Matthew Fine


Start Date

Tenure

Tenure Rank

Sep 19, 2017

4.7

4.7%

Mr. Fine joined Third Avenue in 2000 and began working with Third Avenue’s international team in an effort to identify investment opportunities in the wake of the Argentine crisis of 2001. Mr. Fine has extensive global investment experience across developed and developing markets throughout North America, Latin America, Europe and Asia. Mr. Fine joined Third Avenue’s research and portfolio management team as a research associate, the first position typically held by Third Avenue’s internally developed talent. He became a senior research analyst in 2008, a principal of the firm in 2009 and lead portfolio manager of the Third Avenue International Value Fund in 2014. Mr. Fine holds a B.A. in Economics from Hamilton College. He is a CFA Charterholder, a member of the New York Society of Security Analysts and a member of the Board of Trustees of Suffield Academy.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 39.6 7.02 9.33