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    Third Avenue International Value Instl (TAVIX)

    16.58 Up 0.01(0.06%) Feb 27

    Profile as of Jan 30, 2015Get Profile for:
    Third Avenue International Value Instl
    Third Avenue Trust622 Third Avenue, 32nd FloorNew York NY 10017
    Phone: 800-443-1021
    Fund Overview 
    Category:Foreign Small/Mid Value
    Fund Family:Third Avenue
    Net Assets:278.85M
    Year-to-Date Return:-3.71%
    Morningstar Rating:2 stars
    Fund Inception Date:Dec 31, 2001
    Morningstar Style Box 
    Foreign Small/Mid Value
    [View Category Definition]
    View Top Foreign Small/Mid Value Funds
    About the Morningstar Style Box
    Management Information 
    Amit Wadhwaney
    Lead Manager since Dec 31, 2001
    Amit Wadhwaney is a senior member of the investment team. He manages the Third Avenue International Value Fund. Mr. Wadhwaney is also a portfolio manager for Third Avenue Management's private and institutional advisory business. Additionally, Mr. Wadhwaney is portfolio manager of the Third Avenue Global Value Fund, L.P., a private partnership investing in undervalued companies worldwide. Previously, Mr. Wadhwaney was portfolio manager of the Carl Marks Global Value Fund, L.P. Prior to that he was a principal of Glenrock Asset Management Associates, L.P.; both firms are investment partnerships investing worldwide. Earlier in his career, Mr. Wadhwaney was a securities analyst, and subsequently Director of Research, for M.J. Whitman, Inc. Prior to that, Mr. Wadhwaney was a paper and forest products analyst at Bunting Warburg, a Canadian brokerage firm. Mr. Wadhwaney received a B.S. in Chemical Engineering and Mathematics from the University of Minnesota, as well as a B.A. (Hons.) with distinction in Economics from Concordia University in Montreal, Canada. Additionally, he received an M.B.A. in Finance from the University of Chicago.
    Investment Information 
    Min Initial Investment:100,000
    Min Initial Investment, IRA:100,000
    Min Initial Investment, AIP:100,000
    Min Subsequent Investment:1,000
    Min Subsequent Investment, IRA:200
    Min Subsequent Investment, AIP:200
    TAVIX can be purchased from 111 brokerages.

    Fund Summary 
    The investment seeks long-term capital appreciation. The fund primarily invests in equity securities, including common stocks and convertible securities, of well-financed companies (meaning companies with high quality assets and conservative levels of liabilities) located outside of the United States. While the fund may invest in companies located anywhere in the world, it currently expects that most of its assets will be invested in the more developed countries and, under normal circumstances, at least 80% of its assets will be invested in securities of issuers located outside of the United States at the time of investment. It is non-diversified.

    Fund Operations 
    Last Dividend (Dec 8, 2014) : 1.20
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Feb 25, 2015) : 22.00%
    Average for Category:39.55%
    Fees & Expenses 
    ExpenseTAVIXCategory Avg
    Annual Report Expense Ratio (net):1.40%1.41%
    Prospectus Net Expense Ratio:1.40%N/A
    Prospectus Gross Expense Ratio:1.44%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A4.63%
    Max Deferred Sales Load: N/A1.89%
    3 Yr Expense Projection*:452709
    5 Yr Expense Projection*:7841,152
    10 Yr Expense Projection*:1,7222,363
    * Per $10,000 invested