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HBB - Third Avenue Small Cap Value Fund Q2 2024 Commentary
Hamilton Beach Brands Holding Company Class A
2024-07-25 09:50:00 ET
Summary
The Third Avenue Small-Cap Value Fund returned -5.98% during the second quarter of 2024, compared to a return of -3.64% for the Fund’s most relevant benchmark, the Russell 2000 Value Index.
The largest positive contributions to Fund performance this quarter were generated by Investors Title Company, Central Securities, Tidewater, Washington Trust Bancorp, and UniFirst.
The incentives for investing in small-cap companies do seem very compelling but still, there are no free lunches.