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
25.4%
1 Year rank in sector
77/478
Sector
FO Equity - International
Yield
-
Fund size
£133m (£146m 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.
129
Top in this sector
Fund name1 Year
Dodge & Cox Gbl Stk48%
SKAGEN Focus42.7%
T. Rowe Price GblFcsGrEq42.1%
RWC Global Horizon40.8%
Heptagon Kprnk GblAlCpEq39.9%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • Money Market16%
    Canada12.9%
    Others12.2%
    Norway10.2%
    Brazil9.4%
  • Industrials18.4%
    Materials17.8%
    Cash & Cash Equivalents16%
    Energy12%
    Consumer Discretionary10.7%
  • Money Market16%
    Canadian Equities12.9%
    International Equities12.2%
    Norwegian Equities10.2%
    Brazilian Equities9.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%7.8%14.2%25.4%-4.9%19.2%
Sector0.2%4.7%7.2%15.9%20.5%50.9%
Rank within sector268 / 51079 / 50933 / 49777 / 478387 / 391284 / 291
Quartile3rd1st1st1st4th4th
Calendar performance
 YTD - 20172016201520142013
Fund7.3%17%-14.5%-12.2%20.3%
Sector4.9%7.9%0.7%6%21.3%
Rank within sector110 / 50881 / 469415 / 418374 / 375216 / 330
Quartile1st1st4th4th3rd
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.
-9.45
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.
1.42
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%.
17.09
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.
11.56
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.
-0.68
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 high17.12
52 week low13.44
Current bid price-
Current offer price-
Current mid price16.7
Region
1Money Market16%
2Canada12.9%
3Others12.2%
4Norway10.2%
5Brazil9.4%
6New Zealand7.8%
7USA7.4%
8UK6.8%
9Hong Kong5.7%
Industry sector
1Industrials18.4%
2Materials17.8%
3Cash & Cash Equivalents16%
4Energy12%
5Consumer Discretionary10.7%
6Real Estate8.7%
7Financials7.2%
8Health Care5.2%
9Others2.2%
Asset type
1Money Market16%
2Canadian Equities12.9%
3International Equities12.2%
4Norwegian Equities10.2%
5Brazilian Equities9.4%
6New Zealand Equities7.8%
7US Equities7.4%
8UK Equities6.8%
9Hong Kong Equities5.7%
Individual holdings
1CAPSTONE MINING CORP7.4%
2RUBICON5.3%
3ARCOS DORADOS HLDGS INC4.7%
4PETROLEUM GEO SERVICES ASA4.4%
5GLOBAL LOGISTIC PROPERTIES LTD3.6%
6ATRIUM EUROPEAN REAL ESTATE LTD3.4%
7CNH INDUSTRIAL NV3.2%
8VIVENDI3.1%
9EASYJET3%
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 price16.69
CurrencyUSD
Price updated28/03/2017
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 price16.7
CurrencyUSD
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI8O4
Data provided by

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