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Mutual Funds

Third Avenue Management LLC is the investment adviser to the Third Avenue Funds. We offer the following mutual funds:

Mutual Funds Minimum
Fee
Fund Composition Quarterly Factsheets Most Recent Shareholder Letters Pricing and Performance Prospectus
Third Avenue Value Fund Investor Class (TVFVX) $2,500


1.42% expense ratio1,2
1% redemption fee8

 Quarterly Factsheet PDF Shareholder Letters PDF Performance Chart Prospectus PDF
Third Avenue Value Fund Institutional Class
(TAVFX) 		$100,000
1.17% expense ratio1,3
1% redemption fee8
Third Avenue Small-Cap Value Fund Investor Class
(TVSVX)

 

$2,500
1.38% expense ratio1,2
1% redemption fee8

Quarterly Factsheet PDF

Shareholder Letters PDF

Third Avenue Small-Cap Value Fund Institutional Class
(TASCX)

 

$100,000


1.13% expense ratio1,3
1% redemption fee8

Third Avenue Real Estate Value Fund Investor Class
 (TVRVX)		 $2,500
1.43% expense ratio1,2
1% redemption fee8		 Quarterly Factsheet PDF Shareholder Letters PDF
Third Avenue Real Estate Value Fund Institutional Class
(TAREX)		 $100,000
1.18% expense ratio1
1% redemption fee8
Third Avenue International Value Fund Investor Class (TVIVX) $2,500
1.76% expense ratio1,4
2% redemption fee8		 Quarterly Factsheet PDF Shareholder Letters PDF
Third Avenue International Value Fund Institutional Class
(TAVIX)
 $100,000
1.51% expense ratio1,5
2% redemption fee8
Third Avenue Focused Credit Fund Investor Class
(TFCVX) 		$2,500
1.71% expense ratio1,6
2% redemption fee9 		Quarterly Factsheet PDF Shareholder Letters PDF
Third Avenue Focused Credit Fund Institutional Class
(TFCIX) 		$100,000
1.27% expense ratio1,7
2% redemption fee9
  1. For the fiscal year ended October 31, 2009
  2. Capped at 1.40% for calendar year 2010
  3. Capped at 1.15% for calendar year 2010
  4. Capped at 1.65% for the 2 year period ending July 1, 2011
  5. Capped at 1.40% for the 2 year period ending July 1, 2011
  6. Capped at 1.40% for the 1 year period ending August 31, 2010
  7. Capped at 0.95% for the 1 year period ending August 31, 2010
  8. Charged on redemptions or exchanges of shares held for sixty days or less after issuance
  9. Charged on redemptions or exchanges of shares held for less than one year after issuance