TAVFX Performance — Third Avenue Value Fund, Institutional Class
Data updated: 2026-09-22
TAVFX returned +15.72% year to date and +39.18% over one year to Jul 2026. Annualised returns are +15.68% over 3 years and +16.88% over 5 years. Against its International Small Value category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $155, against $162 for the category, and to $139 over one year, against $127. Volatility over the past three years was 15.24% a year. In the 12 months to Jul 2026 the fund took in a net $38.5M, and assets reached $999.24M.
TAVFX Growth of $100
What $100 invested in Third Avenue Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Small Value category average over the same months.
| Period | TAVFX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $139 | $127 |
| 3 years (Aug 2023 – Jul 2026) | $155 | $162 |
| 5 years (Aug 2021 – Jul 2026) | $218 | $165 |
| Since data start (Aug 2019 – Jul 2026) | $308 | $223 |
TAVFX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.72% |
| 1 year | +39.18% |
| 3 years (annualised) | +15.68% |
| 5 years (annualised) | +16.88% |
TAVFX Annual Returns
Calendar-year total returns of Third Avenue Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +15.72% |
| 2025 | +35.45% |
| 2024 | −2.20% |
| 2023 | +20.16% |
| 2022 | +17.46% |
| 2021 | +22.38% |
| 2020 | +7.76% |
| 2019 (Aug–Dec) | +7.80% |
TAVFX 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 | +7.8% | +5.7% | −5.8% | +5.1% | +1.5% | −5.1% | +6.5% | — | — | — | — | — |
| 2025 | +2.2% | +0.4% | +0.2% | +0.5% | +4.6% | +4.2% | −0.1% | +8.6% | +3.1% | +0.7% | +3.6% | +3.0% |
| 2024 | −0.8% | +1.4% | +8.0% | −1.3% | +3.8% | −4.0% | +3.6% | −1.1% | −1.2% | −6.5% | +0.4% | −3.7% |
| 2023 | +13.1% | −1.5% | −2.4% | +0.6% | −5.2% | +8.8% | +5.6% | −6.1% | −1.6% | −5.9% | +6.7% | +8.8% |
| 2022 | +4.8% | +2.8% | +6.6% | −4.5% | +6.0% | −13.6% | +2.5% | −1.6% | −8.3% | +14.3% | +9.8% | +0.7% |
| 2021 | +1.2% | +13.6% | +4.4% | +6.4% | +4.3% | −6.0% | −3.1% | +1.2% | +0.1% | +1.1% | −5.7% | +4.5% |
| 2020 | −7.5% | −8.1% | −31.8% | +14.5% | +0.4% | +9.0% | +5.5% | +7.8% | −3.9% | +1.6% | +21.7% | +9.8% |
| 2019 | — | — | — | — | — | — | — | −7.9% | +3.0% | +6.1% | +2.0% | +5.0% |
TAVFX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.24%
- 3-year Sharpe ratio: 0.73 (vs 4.5% risk-free rate)
- Best month: +8.79% (Dec 2023)
- Worst month: −6.46% (Oct 2024)
TAVFX Fund Flows
Monthly money in and out of Third Avenue Value Fund, from SEC Form N-PORT.
- 12-month net flow: $38.5M
- 12-month gross sales (incl. reinvestments): $193.0M
- Sales ÷ redemptions: 1.25×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $7.5M | $9.5M | −$2.0M |
| Jun 2026 | $7.6M | $8.2M | −$649K |
| May 2026 | $10.9M | $17.1M | −$6.2M |
| Apr 2026 | $12.5M | $15.3M | −$2.8M |
| Mar 2026 | $12.9M | $17.7M | −$4.8M |
| Feb 2026 | $12.4M | $9.1M | $3.3M |
| Jan 2026 | $15.3M | $13.1M | $2.1M |
| Dec 2025 | $72.3M | $25.4M | $46.9M |
| Nov 2025 | $17.2M | $8.1M | $9.1M |
| Oct 2025 | $10.4M | $10.3M | $69K |
| Sep 2025 | $8.1M | $13.0M | −$4.9M |
| Aug 2025 | $6.0M | $7.5M | −$1.5M |
TAVFX Assets Under Management
Net assets of Third Avenue Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $999.24M |
| 2026-04-30 | $983.03M |
| 2026-01-30 | $943.66M |
| 2025-10-31 | $819.83M |
| 2025-07-31 | $733.15M |
| 2025-04-30 | $681.73M |
| 2025-01-31 | $692.56M |
| 2024-10-31 | $732.99M |
| 2024-07-31 | $815.58M |
| 2024-04-30 | $790.11M |
| 2024-01-31 | $740.66M |
| 2023-10-31 | $665.56M |
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.