2024-07-23 11:35:00 ET
Summary
- For the three months ended June 30th, 2024, the Third Avenue Value Fund returned -1.63%, as compared to the MSCI World Index.
- The Fund benefited from quarterly performance contributions from a wide range of industries and geographies.
- Investments providing negative contributions this quarter included several companies which have been among the Fund’s strongest performers in recent periods, such as Horiba, easyJet, and Ultrapar.
- During the quarter ending June 30th, 2024, the Fund initiated new positions in Paltac and Close Brothers plc The Fund also exited its position in Hawaiian Holdings.
Dear Fellow Shareholders,
For the three months ended June 30th, 2024, the Third Avenue Value Fund ( TAVFX , the "Fund") returned -1.63%, as compared to the MSCI World Index 1 , which returned 2.78%. For further comparison, the MSCI World Value Index 2 returned -0.98% during the quarter....
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For further details see:
Third Avenue Value Fund Q2 2024 Commentary