Past performance is no guarantee of future results; returns include reinvestment of all distributions. The above represents past performance and current performance may be lower or higher than the performance quoted above. Investment return and principal value fluctuate so that an investor's shares, when redeemed, may be worth more or less that the original cost. For the most recent month-end performance, please visit the Fund's website www.thirdave.com.

Click here for standard performance.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. Third Avenue Funds are offered by prospectus only.  The prospectuses and summary prospectuses are available on this website or by calling (800) 443-1021.  Read the prospectus or summary prospectus carefully before investing.

Third Avenue Funds are distributed by Foreside FundServices, LLC.  

FUND RISKS: Please be aware that small-cap investments are subject to higher volatility and lower financial resources than large-cap investments. The markets for these securities are also less liquid than those for larger companies. For a full disclosure of principal investment risks, please refer to the Fund’s Prospectus. 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 is available here. Read it carefully before investing.

Please click here to see the Funds top ten holdings.

TASCX Gross/Net Expense Ratio: 1.26%/1.19%. Contractual Fee Waiver in place until at least 3/1/2027.

The MSCI USA All Cap Index captures broad US equity coverage. The index includes 3,356 constituents across large, mid, small and micro capitalizations, representing about 99% of the US equity universe. The Fund will also use the MSCI USA Small Cap Value Index as a secondary benchmark.

The MSCI USA Small Cap Value Index captures small cap securities exhibiting overall value style characteristics across the US equity markets. The value investment style characteristics for index construction are defined using three variables: book value to price, 12-month forward earnings to price and dividend yield. The MSCI USA All Cap Index and the MSCI USA Small Cap Value Index are not securities that can be purchased or sold, and their total returns are reflective of unmanaged portfolios. The returns include reinvestment of all distributions. It is not possible to invest directly in an unmanaged index.