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    Third Avenue Focused Credit Instl (TFCIX)

    5.38 Up 0.01(0.19%) Apr 29

    Profile as of Mar 30, 2016Get Profile for:
    Third Avenue Focused Credit Instl
    Third Avenue Trust622 Third Avenue, 32nd FloorNew York NY 10017
    Map
    Phone: 800-443-1021
    Fund Overview 
    Category:High Yield Bond
    Fund Family:Third Avenue
    Net Assets:612.60M
    Year-to-Date Return:-7.31%
    Yield:22.27%
    Morningstar Rating:1 stars
    Fund Inception Date:Aug 31, 2009
    Morningstar Style Box 
    High Yield Bond
    [View Category Definition]
    View Top High Yield Bond Funds
    About the Morningstar Style Box
    Management Information 
    Thomas LaPointe
    Lead Manager since Sep 13, 2010
    Thomas LaPointe, helped launch the Fund with his arrival at Third Avenue Management in 2009. Previously, Mr. Lapointe was senior vice president, co-manages the Boston high yield group for Columbia Management, where he serves as a senior high-yield portfolio manager. Before becoming a portfolio manager in February 2003, Mr. LaPointe served as a high-yield analyst for four years at Columbia Management. He currently co-manages the High Income Portfolio and manages the high-yield sector of Nations Bond Fund and Nations Strategic Income Fund and may also manage other investment products for both BA
    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
    TFCIX can be purchased from 45 brokerages.

    Fund Summary 
    The investment seeks long-term total return, which may include investment returns from a combination of sources including capital appreciation, fees and interest income. Under normal circumstances, at least 80% of the fund's net assets (plus the amount of any borrowing for investment purposes) will be invested in bonds and other types of credit instruments. The advisor intends to invest a substantial amount of its assets in credit instruments that are rated below investment grade by some or all relevant independent rating agencies. The fund is non-diversified.

    Fund Operations 
    Last Dividend (Dec 15, 2015) : 0.59
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Apr 27, 2016) : 48.00%
    Average for Category:67.74%
    Fees & Expenses 
    ExpenseTFCIXCategory Avg
    Annual Report Expense Ratio (net):0.93%1.07%
    Prospectus Net Expense Ratio:0.88%N/A
    Prospectus Gross Expense Ratio:0.88%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A4.15%
    Max Deferred Sales Load: N/A1.97%
    3 Yr Expense Projection*:281482
    5 Yr Expense Projection*:488765
    10 Yr Expense Projection*:1,0841,569
    * Per $10,000 invested