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HBB - Third Avenue Small-Cap Value Fund Q2 2025 Letter
Hamilton Beach Brands Holding Company Class A
2025-07-25 05:25:00 ET
Dear Fellow Shareholders,
The Third Avenue Small-Cap Value Fund ( TVSVX , the “Fund”) returned 6.53% during the second quarter of 2025, compared to a return of 4.74% for the MSCI ( MSCI ) USA Small Cap Value Index (the “Index”) 1 and 4.96% for the Russell 2000 Value Index 2 . For the trailing three-year and five-year periods, the Fund produced annualized returns of 11.24% and 14.43%, respectively....