Fact sheet: Third Avenue Intl Value

Fund information
Fund name
Third Avenue International Value A1 Acc USD
Fund manager company
Third Avenue Management
Fund type
OEIC
Fund managers
  • Amit Wadhwaneysince 31/03/2009
  • Matthew Finesince 01/01/2012
  • James Hounsellsince 01/05/2013
Fund objective
To achieve long-term capital appreciation with limited investment risk.
Benchmark
  • No Specified Index
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
8.6%
1 Year rank in sector
306/472
Sector
FO Equity - International
Yield
-
Fund size
£133m (£250m 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.
115
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq51.9%
Sanlam Prv Wlt Glbl HgQul42.3%
SKAGEN Focus38%
T. Rowe Price GblFcsGrEq37.7%
Veritas Global Equity Income36.1%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • International15.8%
    Brazil13.9%
    New Zealand12.2%
    Canada10.5%
    USA10.3%
  • Conglomerates12.5%
    Real Estate11.9%
    Forest Products11.1%
    Mineral Extraction10.8%
    Building & Construction9.5%
  • International Equities15.8%
    Brazilian Equities13.9%
    New Zealand Equities12.2%
    Canadian Equities10.5%
    US Equities10.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%9.8%9.5%8.6%-15.5%15.6%
Sector0.2%8.5%7.5%9%18.5%60.4%
Rank within sector252 / 494155 / 489126 / 484306 / 472373 / 375284 / 288
Quartile3rd2nd2nd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund7.7%-14.3%-12.4%20.5%20.4%
Sector5.3%0.7%6%21.3%12.7%
Rank within sector128 / 478430 / 433390 / 390216 / 34423 / 298
Quartile2nd4th4th3rd1st
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.
-12.26
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%.
16.67
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.
10.37
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.
-1.01
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.
0.65
Price movement
52 week high29.1
52 week low21.95
Current bid price-
Current offer price-
Current mid price28.41
Region
1International15.8%
2Brazil13.9%
3New Zealand12.2%
4Canada10.5%
5USA10.3%
6Money Market8%
7Hong Kong6.4%
8France5.9%
9Germany4.9%
Industry sector
1Conglomerates12.5%
2Real Estate11.9%
3Forest Products11.1%
4Mineral Extraction10.8%
5Building & Construction9.5%
6Money Market8%
7Retail5.9%
8Oil & Gas4.1%
9Media3.9%
Asset type
1International Equities15.8%
2Brazilian Equities13.9%
3New Zealand Equities12.2%
4Canadian Equities10.5%
5US Equities10.3%
6Money Market8%
7Hong Kong Equities6.4%
8French Equities5.9%
9German Equities4.9%
Individual holdings
1TENON6.4%
2ARCOS DORADOS HLDGS INC5.9%
3RUBICON5.7%
4CAPSTONE MINING CORP5.5%
5COSAN LTD4.5%
6VIVENDI3.9%
7ATRIUM EUROPEAN REAL ESTATE LTD3.6%
8SANTOS BRAZIL PARTICIPACOES SA3.5%
9GLOBAL LOGISTIC PROPERTIES LTD3.3%
Management
Fund manager group
Third Avenue Management
Fund manager company
Third Avenue Management
Fund type
OEIC
Fund objective
To achieve long-term capital appreciation with limited investment risk.
Benchmark
  • No Specified Index
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Amit Wadhwaney31/03/2009Amit 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.
Matthew Fine01/01/2012Mr.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.
James Hounsell01/05/2013Mr. Hounsell joined Third Avenue in 2013. He previously worked as an analyst at Centerview Partners, where he focused primarily on mergers and acquisitions in the technology sector. Mr. Hounsell worked on several notable transactions including the Cisco Systems acquisitions of NDS Group and Sourcefire, valued at $5 billion and $2.7 billion, respectively. While at Centerview, Mr. Hounsell read The Aggressive Conservative Investor by Third Avenue Founder Marty Whitman.Mr. Hounsell holds a B.A. in Economics from Wesleyan University, where he graduated Phi Beta Kappa and played four years as a pitcher for the university's baseball team
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, United Kingdom, Ireland, Luxembourg, Offshore
Third Avenue International Value A1 Acc USD
Initial charge-
Annual charge1.6%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price28.412
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFUG5
Third Avenue International Value A2 Dis GBP
Initial charge-
Annual charge1.6%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUG6
Third Avenue International Value A3 Acc EUR
Initial charge-
Annual charge1.6%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price32.166
CurrencyEUR
Price updated11/02/2014
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFUG7
Third Avenue International Value A4 USD
Initial charge-
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price24.431
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0M2Y
Data provided by

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