Third Avenue Value Instl
(TAVFX)
53.99
-0.56
-1.03%
-0.56
-1.03%
MORE ON TAVFX
DETAILS
| Symbol | Value ($) |
|---|---|
| Morningstar Rating | |
| Previous Close | 54.55 |
| Category | World Stock |
| Net Assets | 2.57 Bil |
| Yield | 2.41% |
| Morningstar Risk | Above Average |
| Morningstar Return | Average |
- Last NAV update 6/20/2013 12:38 AM ET
INVESTMENT OBJECTIVE
| NA |
|---|
| 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. |
CUMULATIVE PERFORMANCE OF $10,000
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Return | 44.51% | 13.87% | -20.68% | 27.48% | 8.33% |
| Value ($) | 14,451.41 | 16,456.06 | 13,053.06 | 16,639.53 | 18,025.05 |
- Year to date performance as of 6/19/2013 12:00 AM ET
MANAGEMENT & PURCHASE INFO
| Symbol | Value ($) |
|---|---|
| Fund Family | Third Avenue |
| Fund Manager | Ian Lapey |
| Tenure (Years) | 4 |
| Fund Status | Open |
| Minimum Initial Purchase | 100,000.00 |
| Minimum IRA Investment | 100,000.00 |
| Front Load | 0.00 |
| Expense Ratio | 1.15% |
PERFORMANCE
| Symbol | Value ($) |
|---|---|
| 1 Month | -3.83% |
| 3 Months | 3.71% |
| 1 Year | 25.86% |
| 3 Years* | 9.54% |
| 5 Years* | 2.19% |
- * Annualized returns
- Performance as of 6/19/2013 12:00 AM ET
PEER COMPARISON
| TAVFX | World Stock | |
|---|---|---|
| 5-Yr Return | 2.19% | 2.81% |
| Sharpe Ratio | 0.63 | 3.62 |
| Net Assets | 2.57 Bil | 356.21 Mil |
| Avg Market Cap | 10.56 Bil | 34.52 Bil |
| Avg P/E | 12.74 | 15.70 |
| Portfolio Turnover | 16 | 53 |
HOLDINGS
| Symbol | Value ($) |
|---|---|
| Stocks | 87.19% |
| Cash | 12.59% |
| Fixed Income | 0.16% |
| Other | 0.06% |
TOP 10 HOLDINGS
| NAME | % NET ASSETS |
|---|---|
| Wheelock and Co., Ltd. | 7.44% |
| POSCO ADR | 5.80% |
| Henderson Land Development Co., Ltd. | 5.51% |
| Bank of New York Mellon Corp | 5.46% |
| Covanta Holding Corporation | 5.27% |
| Toyota Industries Corporation | 4.70% |
| Devon Energy Corp | 4.68% |
| Investor AB | 4.54% |
| Daiwa Securities Co., Ltd. | 4.48% |
| KeyCorp | 4.39% |
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
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