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Third Avenue Small-Cap Value Fund Shareholder Letter Q2 2018

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Fund Letters


  • Includes detailed analysis of Third Avenue Small-Cap Value Fund's positions in ATNI, SAFM, SMHI.
  • The Small-Cap Value Fund rose by 2.7% in the quarter ending June 30, 2018, while the Russell 2000 Value Index rose 8.3%.
  • Although we are pleased with the absolute result, it was a disappointing quarter overall. Year-to-date, the Fund is up 5% vs the Index which is up 5.4%.


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