Fact sheet: Third Avenue Intl Value

Fund information
Fund name
Third Avenue International Value Investor
Fund manager company
Third Avenue Management
Fund type
No data available.
Fund managers
  • Matthew Finesince 31/01/2012
  • Amit Wadhwaneysince 31/12/2001
Fund objective
To achieve Long-term capital appreciation with limited investment risk.
Benchmark
  • MSCI AC World ex US
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
11.6%
1 Year rank in sector
85/471
Sector
FO Equity - International
Yield
-
Fund size
£130m (£239m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
117
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq42.9%
Schroder ISF Gbl Rec36.2%
Dodge & Cox Gbl Stk32.4%
Vanguard Gbl Small-Cap Idx29.8%
Dimensional Gbl Small Cos29.7%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • Others14.6%
    Brazil11.8%
    New Zealand11.7%
    Canada11%
    USA8.5%
  • Real Estate12.8%
    Building & Construction11.9%
    Mineral Extraction11.2%
    Forest Products10.9%
    Conglomerates8.8%
  • International Equities14.6%
    Brazilian Equities11.8%
    New Zealand Equities11.7%
    Canadian Equities11%
    US Equities8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%1.8%8.3%11.6%-11.6%22.4%
Sector2.6%-0.5%4.3%4.4%15%52.2%
Rank within sector315 / 500137 / 496132 / 48685 / 471382 / 384279 / 287
Quartile3rd2nd2nd1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund14%-13.4%-12.2%20.3%20.4%
Sector5.2%0.7%6%21.3%12.7%
Rank within sector80 / 475424 / 427387 / 387218 / 33823 / 289
Quartile1st4th4th3rd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-9.35
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.37
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0.01
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
16.87
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
11.26
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.76
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.59
Price movement
52 week high15.89
52 week low11.6
Current bid price-
Current offer price-
Current mid price15.84
Region
1Others14.6%
2Brazil11.8%
3New Zealand11.7%
4Canada11%
5USA8.5%
6Money Market8.2%
7Norway7.3%
8Hong Kong7%
9UK6.7%
Industry sector
1Real Estate12.8%
2Building & Construction11.9%
3Mineral Extraction11.2%
4Forest Products10.9%
5Conglomerates8.8%
6Money Market8.2%
7Transport5.4%
8Retail4.8%
9Media3.7%
Asset type
1International Equities14.6%
2Brazilian Equities11.8%
3New Zealand Equities11.7%
4Canadian Equities11%
5US Equities8.5%
6Money Market8.2%
7Norwegian Equities7.3%
8Hong Kong Equities7%
9UK Equities6.7%
Individual holdings
1TENON6.1%
2RUBICON5.6%
3CAPSTONE MINING CORP5%
4ARCOS DORADOS HLDGS INC4.8%
5ATRIUM EUROPEAN REAL ESTATE LTD3.8%
6VIVENDI3.7%
7COSAN LTD3.6%
8AMEC FOSTER WHEELER PLC3.5%
9ANTOFAGASTA3.5%
Management
Fund manager group
Third Avenue Management
Fund manager company
Third Avenue Management
Fund type
No data available.
Fund objective
To achieve Long-term capital appreciation with limited investment risk.
Benchmark
  • MSCI AC World ex US
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Matthew Fine31/01/2012Mr.Matthew Fine is a portfolio manager of the Third Avenue International Value Fund. He joined Third Avenue in 2000 and began working with inception manager Mr. Wadhwaney in an effort to identify investment opportunities in the wake of the Argentine crisis of 2001. Mr. Fine has a broad range of experience having been responsible for myriad investments in developed and developing markets across North America, Latin America, Europe and Asia. He joined Third Avenue's research and portfolio management team as a Research Assistant, the first position typically held by Third Avenue’s internally developed talent. He became a Senior Research Analyst in 2008 and a principal of the firm in 2009. Mr. Fine holds a B.A. in Economics from Hamilton College and is a member of the New York Society of Security Analysts.
Amit Wadhwaney31/12/2001Amit Wadhwaney has 26 Years of total Experience and 14 years with firm. He is an MBA from University of Chicago; MA and BA, Concordia University; BS Mathematics and BS Chemical Engineering from University of Minnesota.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom, Offshore, Singapore, United States
Third Avenue International Value Inst
Initial charge-
Annual charge1.25%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.85
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFIY2
Third Avenue International Value Investor
Initial charge-
Annual charge1.25%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.84
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI8O4
Data provided by

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