Third Avenue Funds
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Third Avenue International Value Fund
Third Avenue International Value Fund seeks long-term capital appreciation by investing in the equity securities of well-financed, well-managed foreign companies believed to be priced below their intrinsic values.
Portfolio Composition
| Top 5 Industry Categories (as of August 31, 2008) | |
| Agriculture | 9.96% |
| Insurance | 9.92% |
| Forest Products & Paper | 8.38% |
| Holding Companies | 8.20% |
| Diversified Operations | 7.24% |
| Cash & Equivalent | 15.08% |
| Regional Breakdown (as of August 31, 2008) | |
| Asia | 38.25% |
| Europe | 17.55% |
| Canada | 12.49% |
| Australasia | 8.34% |
| U.S.A. | 6.44% |
| South America | 1.85% |
Performance
| Third Avenue International Value Fund Average Annual Returns* |
|
| As of 9/30/08 | |
| Since Inception** | 12.07% |
| Ten Year | n/a |
| Five Year | 11.08% |
| Three Year | -0.46% |
| Third Avenue International Value Fund Total Returns* |
|
| As of 9/30/08 | |
| Since Inception** | 115.74% |
| Ten Year | n/a |
| Five Year | 69.09% |
| Three Year | -1.38% |
| One Year | -25.19% |
| Year-To-Date | -21.29% |
| One Month | -13.54% |
If you should have any questions, please call 1-800-443-1021. Past performance is no guarantee of future results. Current performance may be lower or higher than performance quoted.
*Includes reinvestment of dividends, interest and capital gains.
**Inception date for Third Avenue International Value Fund is 12/31/01.
The fund's performance may be influenced by a foreign country's political, social, and economic situation. Other risks include currency fluctuations, political uncertainty, less liquidity, low priced securities, lack of efficient trading markets, and different auditing and legal standards. These risks may result in a more volatility for the fund.
The Third Avenue International Value Fund is offered by prospectus only. Prospectuses contain more complete information on advisory fees, distribution charges, and other expenses and should be read carefully before investing or sending money. Please read the prospectus carefully before you send money. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. M.J. Whitman LLC Distributor.
This material is intended for United States residents, and not for use in any jurisdiction where the sales of these securities are not permitted.
| FUND INFORMATION | |
| Portfolio Manager: | Amit Wadhwaney |
| Ticker: | TAVIX |
| CUSIP: | 884116500 |
| Inception Date: | December 31, 2001 |
| Blue Sky: | All States |
| Sales Charge: | No load |
| Expense Ratio: | 1.49% (as of April 30, 2008) |
| Early Redemption Fee: | 2.00%* |
| Minimum Initial Investment: | $10,000 ($2,500 for IRAs) |
| Subsequent Investments: | $1,000 ($200 Automatic Monthly Investment Plan, $200 IRAs) |
| Total Net Assets: | $1.8 billion (as of August 31, 2008) |
| NAV/share: | $17.06 (as of August 31, 2008) |
| Number of Equity Holdings: | 46 (as of August 31, 2008) |
| Median Market Cap: | $1.2 billion (as of August 31, 2008) |
| Portfolio Turnover: | 15.0% (as of October 31, 2007) |
*This fee is charged only on redemptions or exchanges of shares held less than one year.
Click here for Third Avenue International Value Fund's Prospectus.
Click here for Third Avenue International Value Fund's most recent Shareholder Letter.
Click here for Third Avenue International Value Fund's most recent Proxy Vote Record.
Click here for Third Avenue Funds Privacy & Selective Disclosure Policy.
Distributor of Third Avenue Funds: M.J. WHITMAN LLC, member FINRA/SIPC.