Product Overview
Our strategy seeks long term capital appreciation by investing opportunistically across a global universe of sectors, geographies and security types to build a differentiated portfolio of contrarian and special-situation opportunities. The fund’s investments are generally characterized by what we believe are strong financial positions, valuation supported by tangible assets and market prices substantially below our estimate of intrinsic business value.
The Value strategy’s flexible mandate takes a global, all-cap equities approach and allows for opportunistic investments in credit securities across the capital structure. Opportunities are evaluated with sharp focus on financial strength, ability to compound NAV, and priced at a significant discount to our conservative estimate of NAV.
OBJECTIVE
Share Classes Available (Tickers)
INSTITUTIONAL (TAVFX) | INVESTOR (TVFVX) | Z CLASS (TAVZX)
Product Material
Firm Overview
Rooted in our founder Marty Whitman’s time-tested philosophy, Third Avenue adheres to a value approach when evaluating commercial enterprises and the securities they issue. The key investment pillars across the Firm’s strategies include:
Third Avenue offers multiple investment solutions focused on the team’s highest-conviction ideas, an approach that leads to high Active Share across our portfolios.
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Explore all Third Avenue products
BlueBay Destra International Event-Driven Credit Fund (CEDIX / CEDAX / CEDLX / CEDTX)
Interval Funds
Destra Flaherty & Crumrine Preferred and Income Fund (DPIIX / DPIAX / DPICX)
Mutual Funds
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The fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 800-443-1021 or visiting www.thirdave.com. Read it carefully before investing.
Distributor of Third Avenue Funds: Foreside Fund Services, LLC.
FLX Networks is a Promoter, as defined by the Marketing Rule – Rule 206(4)-1 under the U.S. Investment Advisers Act of 1940, of the investment products contained herein. For such promotion, FLX Networks is compensated between 5% and 50% (annualized) of the net management fee of the respective investment products on assets raised/serviced by FLX Networks. FLX Networks is not a client of any of the investment advisers promoted herein.