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Third Avenue Focused Credit Instl (TFCIX)

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Third Avenue Focused Credit Instl

Third Avenue Trust622 Third Avenue, 32nd FloorNew York NY 10017
Management Information
Thomas LaPointe,Lead Manager since September 12, 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
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryHigh Yield Bond
Fund FamilyThird Avenue
Net Assets331.04M
YTD Return-7.25%
Morningstar Rating
Inception DateAug 30, 2009

Fund Operations

Last Dividend1.00
Last Cap Gain0.00
Holdings Turnover31.00%
Average for CategoryN/A

Fees & Expenses

ExpenseTFCIXCategory Average
Annual Report Expense Ratio (net)0.59%1.05%
Prospectus Net Expense Ratio0.88%N/A
Prospectus Gross Expense Ratio0.88%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A4.04%
Max Deferred Sales LoadN/A1.72%
3 Yr Expense Projection281N/A
5 Yr Expense Projection488N/A
10 Yr Expense Projection1,084N/A