- Our flagship mutual fund's high conviction strategy seeks to invest in undervalued securities across industries, regions and market capitalizations. Our fundamental analysis seeks to identify stocks trading below their intrinsic value.
- The Third Avenue Small-Cap Value Fund rose 1.92% during the second quarter of 2021 versus a 4.56% rise for the Fund’s most relevant benchmark, the Russell 2000 Value Index.
- Two notable positions driving absolute performance during the second quarter were MYR Group and BrightSphere Investment Group which rose 27% and 15%, respectively.
For further details see:
Third Avenue Small-Cap Value Fund Q2 2021 Letter