TASZX Performance — Third Avenue Small-Cap Value Fund, Z Class
Data updated: 2026-09-22
TASZX returned +22.71% year to date and +36.34% over one year to Jul 2026. Annualised returns are +15.21% over 3 years and +12.95% over 5 years. The fund beat its US Small Value category average: $100 invested three years ago grew to $153, against $147 for the category, and to $136 over one year, against $131. Volatility over the past three years was 15.76% a year. In the 12 months to Jul 2026 the fund took in a net $5.8M, and assets reached $217.37M.
TASZX Growth of $100
What $100 invested in Third Avenue Small-Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | TASZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $136 | $131 |
| 3 years (Aug 2023 – Jul 2026) | $153 | $147 |
| 5 years (Aug 2021 – Jul 2026) | $184 | $154 |
| Since data start (Aug 2019 – Jul 2026) | $227 | $214 |
TASZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +22.71% |
| 1 year | +36.34% |
| 3 years (annualised) | +15.21% |
| 5 years (annualised) | +12.95% |
TASZX Annual Returns
Calendar-year total returns of Third Avenue Small-Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +22.71% |
| 2025 | +14.11% |
| 2024 | +3.69% |
| 2023 | +22.03% |
| 2022 | −1.76% |
| 2021 | +26.01% |
| 2020 | −2.90% |
| 2019 (Aug–Dec) | +6.41% |
TASZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.5% | +5.4% | −2.0% | +6.6% | 0.0% | +5.9% | +0.7% | — | — | — | — | — |
| 2025 | +3.5% | −6.0% | −1.8% | −2.9% | +5.4% | +4.1% | +0.9% | +8.8% | −2.4% | −0.3% | +5.0% | 0.0% |
| 2024 | −2.1% | +0.8% | +7.8% | −3.9% | +1.8% | −3.9% | +9.2% | +0.1% | −0.9% | −1.6% | +4.7% | −7.2% |
| 2023 | +7.2% | +3.2% | −5.9% | +0.9% | −5.5% | +8.1% | +7.9% | −2.5% | −1.3% | −5.6% | +4.7% | +10.6% |
| 2022 | −3.9% | +0.5% | +3.1% | −5.9% | +3.5% | −5.5% | +5.6% | −2.1% | −6.4% | +12.0% | +2.1% | −3.1% |
| 2021 | +1.0% | +11.9% | +4.9% | +2.0% | +4.0% | −3.8% | −1.3% | +2.4% | −2.3% | +3.2% | −1.3% | +3.6% |
| 2020 | −5.3% | −8.3% | −18.9% | +7.1% | +0.9% | +3.1% | +1.5% | +3.0% | −4.5% | +6.1% | +12.8% | +3.7% |
| 2019 | — | — | — | — | — | — | — | −4.1% | +4.1% | +2.9% | +0.7% | +2.8% |
TASZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.76%
- 3-year Sharpe ratio: 0.68 (vs 4.5% risk-free rate)
- Best month: +10.64% (Dec 2023)
- Worst month: −7.19% (Dec 2024)
TASZX Fund Flows
Monthly money in and out of Third Avenue Small-Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: $5.8M
- 12-month gross sales (incl. reinvestments): $40.7M
- Sales ÷ redemptions: 1.17×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $5.2M | $1.7M | $3.5M |
| Jun 2026 | $2.2M | $2.7M | −$495K |
| May 2026 | $2.2M | $1.9M | $372K |
| Apr 2026 | $2.9M | $2.3M | $545K |
| Mar 2026 | $4.2M | $4.4M | −$141K |
| Feb 2026 | $4.0M | $2.8M | $1.3M |
| Jan 2026 | $3.3M | $3.3M | −$32K |
| Dec 2025 | $8.9M | $4.9M | $4.0M |
| Nov 2025 | $1.8M | $2.6M | −$808K |
| Oct 2025 | $1.4M | $2.1M | −$779K |
| Sep 2025 | $3.4M | $4.0M | −$556K |
| Aug 2025 | $1.3M | $2.3M | −$1.0M |
TASZX Assets Under Management
Net assets of Third Avenue Small-Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $217.37M |
| 2026-04-30 | $200.70M |
| 2026-01-30 | $180.81M |
| 2025-10-31 | $167.92M |
| 2025-07-31 | $161.00M |
| 2025-04-30 | $149.53M |
| 2025-01-31 | $176.41M |
| 2024-10-31 | $183.11M |
| 2024-07-31 | $190.94M |
| 2024-04-30 | $181.19M |
| 2024-01-31 | $173.76M |
| 2023-10-31 | $162.34M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.