TASZX – Third Avenue Small Cap Value Z Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. The fund seeks to achieve its objective by acquiring equity securities, including common stocks and convertible securities, of well-financed small companies at a discount to what the Adviser believes is their intrinsic value. The advisor expects to invest at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in securities of companies that are considered small. It also invests in both domestic and foreign securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TVSVX	Third Avenue Small-Cap Value Fund Investor Class	No Load	Open			Dec 31, 2009	$5.85M	1.440%	High	$2,500	−$403,712.60
TASCX	Third Avenue Small Cap Value Fund Institutional Class	Institutional	Open			Apr 1, 1997	$199.68M	1.190%	High	$10,000	−$1.27M
TASZX	Third Avenue Small Cap Value Fund Z Class	Institutional	Open			Mar 1, 2018	$4.07M	1.090%	High	$25,000	$1.83M

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