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.
Dear Fellow Shareholders,
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Third Avenue Small Cap Value Fund Q2 2024 Commentary