Third Avenue Small Cap Value Fund (TASCX)
The investment seeks long-term capital appreciation. The fund seeks to achieve its objective by acquiring equity securities, including common stocks and convertible securities, of well-financed small companies at a discount to what the Adviser believes is their intrinsic value. The advisor expects to invest at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in securities of companies that are considered small. It also invests in both domestic and foreign securities.
Fund Info
| ISIN | US8841162030 |
|---|---|
| CUSIP | 884116203 |
| Issuer | Third Avenue |
| Inception Date | Apr 1, 1997 |
| Category | Small Cap Value Equities |
| Min. Investment | $10,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Value |
Expense Ratio
TASCX has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TASCX vs. VSMAX, TASCX vs. AVALX, TASCX vs. WMICX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Third Avenue Small Cap Value Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Third Avenue Small Cap Value Fund had a return of 11.63% year-to-date (YTD) and 12.67% in the last 12 months. Over the past 10 years, Third Avenue Small Cap Value Fund had an annualized return of -2.21%, while the S&P 500 had an annualized return of 11.41%, indicating that Third Avenue Small Cap Value Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.63% | 25.70% |
| 1 month | 3.74% | 3.51% |
| 6 months | 6.70% | 14.80% |
| 1 year | 12.67% | 37.91% |
| 5 years (annualized) | 3.04% | 14.18% |
| 10 years (annualized) | -2.21% | 11.41% |
Monthly Returns
The table below presents the monthly returns of TASCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.14% | 0.81% | 7.76% | -3.93% | 1.90% | -3.96% | 9.30% | 0.14% | -1.00% | -1.61% | 11.63% | ||
| 2023 | 7.22% | 3.19% | -5.86% | 0.86% | -5.52% | 8.07% | 7.91% | -2.46% | -1.31% | -5.58% | 4.66% | -3.27% | 6.52% |
| 2022 | -3.93% | 0.51% | 3.10% | -5.91% | 3.46% | -5.52% | 5.63% | -2.18% | -6.38% | 12.02% | 2.08% | -7.89% | -6.72% |
| 2021 | 0.97% | 11.87% | 4.93% | 1.96% | 3.99% | -3.89% | -1.27% | 2.38% | -2.33% | 3.14% | -1.29% | -4.57% | 15.86% |
| 2020 | -5.27% | -8.31% | -18.94% | 7.17% | 0.79% | 3.14% | 1.38% | 3.00% | -4.51% | 6.11% | 12.75% | 2.15% | -4.40% |
| 2019 | 10.08% | 2.92% | -1.91% | 5.73% | -8.74% | 6.29% | 1.36% | -4.12% | 4.08% | 3.00% | 0.63% | -4.66% | 13.91% |
| 2018 | 1.73% | -2.84% | 3.45% | 2.21% | 1.93% | -1.44% | 3.21% | 1.64% | -3.84% | -7.67% | -0.30% | -20.27% | -22.26% |
| 2017 | -0.46% | 1.44% | -0.23% | 2.01% | -2.60% | 2.39% | 0.49% | -3.40% | 7.79% | 1.25% | 1.44% | -12.93% | -4.10% |
| 2016 | -5.39% | 0.28% | 8.83% | 2.48% | 2.67% | -1.23% | 4.17% | 2.86% | 0.88% | -3.59% | 9.82% | -5.32% | 16.29% |
| 2015 | -4.31% | 6.78% | 1.62% | -0.54% | 0.51% | 1.22% | -1.99% | -5.75% | -4.13% | 4.91% | 1.20% | -17.36% | -18.37% |
| 2014 | -4.50% | 3.57% | 2.13% | -2.08% | 0.92% | 4.87% | -4.92% | 3.13% | -5.34% | 5.52% | 0.07% | -18.81% | -16.69% |
| 2013 | 6.03% | 0.80% | 4.10% | -0.52% | 3.47% | -2.22% | 5.99% | -2.98% | 5.55% | 3.57% | 2.77% | -4.61% | 23.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TASCX is 4, indicating that it is in the bottom 4% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Third Avenue Small Cap Value Fund (TASCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Third Avenue Small Cap Value Fund provided a 0.46% dividend yield over the last twelve months, with an annual payout of $0.10 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.03 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.04 |
Dividend yield | 0.46% | 0.51% | 0.17% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.58% | 0.00% | 0.00% | 0.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Third Avenue Small Cap Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Third Avenue Small Cap Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Third Avenue Small Cap Value Fund was 64.01%, occurring on Mar 9, 2009. Recovery took 1157 trading sessions.
The current Third Avenue Small Cap Value Fund drawdown is 22.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -64.01% | Jun 5, 2007 | 442 | Mar 9, 2009 | 1157 | Oct 11, 2013 | 1599 |
| -61.29% | Jul 7, 2014 | 1436 | Mar 18, 2020 | — | — | — |
| -33.21% | May 11, 1998 | 109 | Oct 8, 1998 | 361 | Feb 29, 2000 | 470 |
| -30.37% | Apr 18, 2002 | 121 | Oct 9, 2002 | 217 | Aug 21, 2003 | 338 |
| -16.18% | May 23, 2001 | 80 | Sep 21, 2001 | 113 | Mar 6, 2002 | 193 |
Volatility
Volatility Chart
The current Third Avenue Small Cap Value Fund volatility is 7.05%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.