Third Avenue Value Fund (TAVFX)
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 and across all industries. 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.
Fund Info
US8841161040
884116104
Oct 31, 1990
$10,000
Mid-Cap
Value
Expense Ratio
TAVFX 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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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Third Avenue 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 Value Fund had a return of 4.02% year-to-date (YTD) and -4.52% in the last 12 months. Over the past 10 years, Third Avenue Value Fund had an annualized return of 2.17%, while the S&P 500 had an annualized return of 11.31%, indicating that Third Avenue Value Fund did not perform as well as the benchmark.
TAVFX
4.02%
2.67%
-11.82%
-4.52%
12.17%
2.17%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of TAVFX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.25% | 4.02% | |||||||||||
| 2024 | -0.82% | 1.42% | 7.95% | -1.33% | 3.85% | -4.00% | 3.64% | -1.08% | -1.23% | -6.46% | 0.40% | -9.83% | -8.41% |
| 2023 | 13.10% | -1.54% | -2.41% | 0.56% | -5.21% | 8.75% | 5.62% | -6.08% | -1.59% | -5.90% | 6.73% | 6.50% | 17.63% |
| 2022 | 4.80% | 2.81% | 6.62% | -4.50% | 5.98% | -13.55% | 2.50% | -1.57% | -8.34% | 14.28% | 9.80% | -1.89% | 14.39% |
| 2021 | 1.23% | 13.63% | 4.37% | 6.41% | 4.30% | -5.99% | -3.08% | 1.17% | 0.06% | 1.08% | -5.71% | 1.73% | 19.15% |
| 2020 | -7.54% | -8.13% | -31.81% | 14.48% | 0.38% | 9.05% | 5.49% | 7.77% | -3.86% | 1.63% | 21.70% | 9.84% | 7.76% |
| 2019 | 12.07% | 1.25% | -0.77% | 3.74% | -11.89% | 7.17% | -5.09% | -7.89% | 3.02% | 6.07% | 1.96% | 1.49% | 9.03% |
| 2018 | 3.72% | -3.64% | -6.58% | 1.61% | -0.48% | -1.77% | 1.13% | -2.50% | 0.94% | -10.90% | -1.30% | -12.20% | -28.72% |
| 2017 | 1.89% | 3.33% | -0.11% | 1.00% | -1.07% | 3.06% | 0.75% | -1.35% | 3.50% | 0.39% | 1.38% | -4.05% | 8.81% |
| 2016 | -6.78% | -2.79% | 11.28% | 3.08% | 2.08% | -4.77% | 5.36% | 1.49% | 0.23% | -1.56% | 5.25% | -5.81% | 5.68% |
| 2015 | -2.66% | 4.47% | -1.23% | 2.79% | 0.46% | -1.90% | -3.01% | -6.80% | -4.41% | 8.92% | 1.55% | -11.68% | -14.12% |
| 2014 | -3.58% | 2.43% | 2.12% | 1.23% | 1.73% | 4.19% | -0.76% | 1.50% | -3.89% | -0.50% | 1.57% | -2.75% | 2.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TAVFX is 3, meaning it’s performing worse than 97% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Third Avenue Value Fund (TAVFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Third Avenue Value Fund provided a 2.64% dividend yield over the last twelve months, with an annual payout of $1.59 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.59 | $1.59 | $1.55 | $1.71 | $0.57 | $0.30 | $1.01 | $0.19 | $1.61 | $0.45 | $0.77 | $2.25 |
Dividend yield | 2.64% | 2.75% | 2.40% | 3.03% | 1.12% | 0.70% | 2.50% | 0.49% | 3.03% | 0.89% | 1.60% | 3.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Third Avenue 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.59 | $1.59 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.55 | $1.55 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.71 | $1.71 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 | $1.01 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.61 | $1.61 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.77 |
| 2014 | $2.25 | $2.25 |
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 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 Value Fund was 63.95%, occurring on Mar 23, 2020. Recovery took 277 trading sessions.
The current Third Avenue Value Fund drawdown is 16.42%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -63.95% | Aug 27, 2014 | 1402 | Mar 23, 2020 | 277 | Apr 28, 2021 | 1679 |
| -61.72% | Nov 1, 2007 | 338 | Mar 9, 2009 | 1274 | Apr 1, 2014 | 1612 |
| -35.25% | Mar 27, 2000 | 634 | Oct 9, 2002 | 272 | Nov 7, 2003 | 906 |
| -26.37% | Apr 23, 1998 | 121 | Oct 8, 1998 | 196 | Jul 9, 1999 | 317 |
| -21.6% | Jun 8, 2022 | 80 | Sep 30, 2022 | 68 | Jan 9, 2023 | 148 |
Volatility
Volatility Chart
The current Third Avenue Value Fund volatility is 4.43%, 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.