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Trending ETFs

THIRD AVENUE SMALL-CAP VALUE FUND

mutual fund
TVSVX
Payout Change
Pending
Price as of:
$21.43 -0.13 -0.6%
primary theme
U.S. Small-Cap Value Equity
TVSVX (Mutual Fund)

THIRD AVENUE SMALL-CAP VALUE FUND

Payout Change
Pending
Price as of:
$21.43 -0.13 -0.6%
primary theme
U.S. Small-Cap Value Equity
TVSVX (Mutual Fund)

THIRD AVENUE SMALL-CAP VALUE FUND

Payout Change
Pending
Price as of:
$21.43 -0.13 -0.6%
primary theme
U.S. Small-Cap Value Equity

Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.43

$177 M

0.27%

$0.06

1.50%

Vitals

YTD Return

10.3%

1 yr return

18.4%

3 Yr Avg Return

9.6%

5 Yr Avg Return

10.2%

Net Assets

$177 M

Holdings in Top 10

54.1%

52 WEEK LOW AND HIGH

$21.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.43

$177 M

0.27%

$0.06

1.50%

TVSVX - Profile

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return 9.6%
  • 5 Yr Annualized Total Return 10.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.24%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    THIRD AVENUE SMALL-CAP VALUE FUND
  • Fund Family Name
    Third Avenue Funds
  • Inception Date
    Dec 31, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Victor Cunningham

Fund Description

The Fund seeks to achieve its objective by acquiring equity securities, including common stocks and convertible securities, of well-financed (meaning companies with high quality assets and conservative levels of liabilities) small companies at a discount to what the Adviser believes is their intrinsic value. Adhering to this strict value discipline, the Fund generally seeks to construct a focused portfolio of high conviction opportunities. Under normal circumstances, the Fund 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. The Fund considers a “small company” to be one whose market capitalization is between $50 million and the top range of capitalizations of companies in the Russell 2000 Index or the S&P Small Cap 600 Index at the time a new position is established (based on prior quarter-end data of the indexes). As of December 31, 2023, the top range of capitalization was $14.99 billion for the Russell 2000 Index and $8.17 billion for the S&P Small Cap 600 Index. The Fund may also acquire senior securities of small companies, such as preferred stocks and debt instruments (including high-yield and distressed securities, often referred to as “junk,” that may be in default and may have any or no credit rating) that the Adviser believes are undervalued. The Fund also invests in both domestic and foreign securities.

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TVSVX - Performance

Return Ranking - Trailing

Period TVSVX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -14.6% 32.5% 89.23%
1 Yr 18.4% -5.0% 45.2% 89.47%
3 Yr 9.6%* -10.0% 75.0% 14.71%
5 Yr 10.2%* -2.9% 52.9% 57.88%
10 Yr 5.9%* -2.7% 28.2% 90.43%

* Annualized

Return Ranking - Calendar

Period TVSVX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -6.0% 33.6% 81.29%
2022 -7.1% -33.6% 212.9% 6.37%
2021 15.4% -62.0% 147.6% 64.05%
2020 -4.7% -24.8% 31.3% 85.79%
2019 13.5% -21.7% 34.0% 82.11%

Total Return Ranking - Trailing

Period TVSVX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -14.6% 32.5% 89.23%
1 Yr 18.4% -5.0% 45.2% 89.47%
3 Yr 9.6%* -10.0% 75.0% 14.71%
5 Yr 10.2%* -2.9% 52.9% 57.88%
10 Yr 5.9%* -2.7% 28.2% 90.43%

* Annualized

Total Return Ranking - Calendar

Period TVSVX Return Category Return Low Category Return High Rank in Category (%)
2023 21.6% 1.8% 35.4% 13.91%
2022 -2.1% -25.2% 250.0% 9.31%
2021 25.6% -3.0% 157.9% 83.04%
2020 -3.2% -13.5% 33.4% 86.30%
2019 22.5% -1.5% 34.3% 45.26%

NAV & Total Return History


TVSVX - Holdings

Concentration Analysis

TVSVX Category Low Category High TVSVX % Rank
Net Assets 177 M 2.79 M 54 B 66.03%
Number of Holdings 25 10 1599 99.52%
Net Assets in Top 10 103 M 1.04 M 3.62 B 44.50%
Weighting of Top 10 54.13% 5.2% 92.1% 3.36%

Top 10 Holdings

  1. Dreyfus Treasury Securities Cash Management 12.37%
  2. UMB Financial Corp 7.97%
  3. MYR Group Inc 4.98%
  4. Encore Capital Group Inc 4.52%
  5. Investors Title Co 4.35%
  6. Tidewater Inc 4.18%
  7. FRP Holdings Inc 3.98%
  8. Seaboard Corp 3.96%
  9. Atlanta Braves Holdings Inc 3.95%
  10. Prosperity Bancshares Inc 3.87%

Asset Allocation

Weighting Return Low Return High TVSVX % Rank
Stocks
86.30% 6.25% 105.88% 97.85%
Cash
13.70% 0.00% 37.64% 4.31%
Preferred Stocks
0.00% 0.00% 1.05% 87.80%
Other
0.00% -1.07% 38.91% 89.00%
Convertible Bonds
0.00% 0.00% 2.63% 87.38%
Bonds
0.00% 0.00% 90.12% 87.56%

Stock Sector Breakdown

Weighting Return Low Return High TVSVX % Rank
Financial Services
33.53% 0.00% 35.71% 2.70%
Industrials
27.28% 0.65% 48.61% 7.11%
Consumer Cyclical
10.68% 0.35% 51.62% 56.37%
Real Estate
9.38% 0.00% 44.41% 33.09%
Communication Services
6.93% 0.00% 17.58% 3.92%
Energy
6.09% 0.00% 29.42% 71.08%
Basic Materials
3.07% 0.00% 67.30% 85.54%
Consumer Defense
2.28% 0.00% 13.22% 84.07%
Technology
0.61% 0.00% 27.23% 99.75%
Healthcare
0.15% 0.00% 25.76% 98.28%
Utilities
0.00% 0.00% 13.86% 97.30%

Stock Geographic Breakdown

Weighting Return Low Return High TVSVX % Rank
US
86.30% 6.25% 105.88% 96.41%
Non US
0.00% 0.00% 77.52% 89.95%

TVSVX - Expenses

Operational Fees

TVSVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.50% 0.05% 37.04% 28.71%
Management Fee 0.90% 0.00% 1.50% 81.06%
12b-1 Fee 0.25% 0.00% 1.00% 63.03%
Administrative Fee N/A 0.01% 0.35% 2.08%

Sales Fees

TVSVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TVSVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 76.47%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TVSVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 7.00% 252.00% 7.95%

TVSVX - Distributions

Dividend Yield Analysis

TVSVX Category Low Category High TVSVX % Rank
Dividend Yield 0.27% 0.00% 14.14% 0.24%

Dividend Distribution Analysis

TVSVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

TVSVX Category Low Category High TVSVX % Rank
Net Income Ratio -0.24% -1.43% 4.13% 85.54%

Capital Gain Distribution Analysis

TVSVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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TVSVX - Fund Manager Analysis

Managers

Victor Cunningham


Start Date

Tenure

Tenure Rank

Sep 19, 2017

4.7

4.7%

Mr. Cunningham is a Portfolio Manager of the Third Avenue . Prior to rejoining Third Avenue in 2017, Mr. Cunningham was a portfolio manager with Third Avenue from 2013 to 2016. He initially joined Third Avenue in 2012. From 2005 to 2011, Mr. Cunningham was founder and owner of Lucid Asset Management, where he spent six years running his own long-only value fund catering to high net worth individuals and institutions. Prior to forming Lucid, Mr. Cunningham spent five years as the Research Director at Olstein Funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.23 3.58