Third Avenue Value Instl

The investment seeks long-term capital appreciation.
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 the Adviser believes is their intrinsic value. It may invest in companies of any market capitalization. The fund may also acquire senior securities, such as convertible securities, preferred stocks and debt instruments, that the Adviser believes are undervalued. It also invests in both domestic and foreign securities. The fund is non-diversified.

Key stats

Management firm  Third Avenue
Domicile  United States
Fund Administrator  BNY Mellon Inv Servicing (U.S.) Inc.
Global Branding Name  Third Avenue
12 month yield  3.11%
Fund currency  USD
Launch Date  1990-11-01
ISIN  US8841161040
SEDOL  2888334
Manager 1 Name  Michael Lehmann
Manager 2 Name  Yang Lie
Fund Strategy  World Stock
Benchmark  MSCI World NR USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-06-30
Return - 1 Month  4.19%
Return - 2 Months  5.99 %
Return - 3 Months  7.29%
Return - 6 Months  8.21 %
Return - 9 months  12.46 %
Return - 12 Months  20.16%
Annualized return 24 months  21.17 %
Annualized return 36 months  9.07 %
Annualized return 48 months  13.11 %
Annualized return 60 months  12.78 %
Return 120 months  6.46 %
Annualized return since Inception  12.17%
Return YTD  8.21%

Ratings

Morning Star Rating Date   2014-06-30
Morning Star Rating - 36 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 60 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 120 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - Overall  fund has a 2 star rating fund has a 2 star rating

Charges

Initial  0.00 %
Minimum Investment  $100,000
Maximum Managment Charge  0.90 %
Exit charge  1.00 %
Performance Fee  0.00 %

Contact

Contact Address  Third Avenue Funds
Contact Address 2  622 Third Avenue, 32nd Floor
Contact city  New York
Contact country  United States
Fund Admin Group  Third Avenue
Web Address  www.thirdavenuefunds.com
Custodian  J. P. Morgan Chase Bank, N.A.
Phone  (800) 443-1021

Price

Last Price Date  2014-07-23
Pre-tax nav  62.00
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.12
Price change (percentage)  0.19 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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