VALUE STRATEGY UPDATE & OUTLOOK HIGHLIGHT VIDEO

FUND RISKS: Risks that could negatively impact returns include: fluctuations in currencies versus the US dollar, political/social/economic instability in foreign countries where the Fund invests, lack of diversification, and adverse general market conditions. For a full disclosure of principal investment risks, please refer to the Fund’s Prospectus.

These materials do not constitute an offer to sell or a solicitation of an offer to purchase any securities. Third Avenue Funds are offered by prospectus only. Please click here to access and carefully read the Fund’s prospectus before investing as it contains important information, including full disclosures of investment objectives, advisory fees and expenses, and investment risks, including principal loss risk.

Distributor of Third Avenue Funds: Foreside Fund Services, LLC.

Top 10 holdings and standardized performance click here.

Definition: Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time.
Definition: Basis points (BPS) refers to a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument.
Definition: Return of capital occurs when an investor receives a portion of their original investment that is not considered income or capital gains from the investment.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. For the most recent month-end performance, please call 800-443-1021.