# Third Avenue Value Fund Investor Class (TVFVX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tvfvx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2009-12-31 The fund's main strategy involves purchasing common stocks of financially sound companies – defined as those with robust assets and prudent levels of debt – at prices the Adviser believes are below their true intrinsic value. The portfolio exhibits flexibility, encompassing companies of any market capitalization and across diverse industries. Beyond equities, it may also acquire undervalued senior securities, such as convertible bonds, preferred shares, and various debt instruments. The fund's investments can include both domestic and international holdings. ## Key Facts | Metric | Value | |---|---| | Price | $87.63 | | Expense Ratio | 1.39% | | Assets Under Management | $1.03B | | NAV | $87.63 | | Holdings Count | — | | Distribution Yield (TTM) | 5.62% | | Annual Distribution (TTM) | $4.93 /share | | Distribution Frequency | Annual | | 52-Week Range | $72.14 – $91.54 | | Beta | 0.78 | ## Latest Distribution - Amount: $4.9284 /share - Ex-date: 2025-12-10 - Pay date: 2025-12-10 ## Frequently Asked Questions ### What does TVFVX invest in? The fund's main strategy involves purchasing common stocks of financially sound companies – defined as those with robust assets and prudent levels of debt – at prices the Adviser believes are below their true intrinsic value. The portfolio exhibits flexibility, encompassing companies of any market capitalization and across diverse industries. Beyond equities, it may also acquire undervalued senior securities, such as convertible bonds, preferred shares, and various debt instruments. The fund's investments can include both domestic and international holdings. ### What is the expense ratio of TVFVX? Third Avenue Value Fund Investor Class (TVFVX) charges an expense ratio of 1.39%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TVFVX? Third Avenue Value Fund Investor Class (TVFVX) manages $1.03B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is TVFVX actively managed or an index fund? TVFVX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TVFVX's is 1.39%) in exchange for the discretion to over- or under-weight positions. ### When was TVFVX launched? Third Avenue Value Fund Investor Class (TVFVX) launched in December 2009 and is managed by the fund issuer. ### How has TVFVX performed? TVFVX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does TVFVX pay a dividend? Third Avenue Value Fund Investor Class (TVFVX) currently distributes little or no income. Trailing-twelve-month yield is 5.62%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TVFVX pay dividends? Third Avenue Value Fund Investor Class pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TVFVX's dividend yield? TVFVX's trailing-twelve-month yield is 5.62%, calculated from the sum of dividends over the past year divided by the current price. ### When is TVFVX's next ex-dividend date? The most recently announced ex-dividend date for TVFVX was 2025-12-10. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will TVFVX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.39% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TVFVX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TVFVX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TVFVX cost more than a fund like VOO? TVFVX is actively managed (current expense ratio 1.39%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether TVFVX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TVFVX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TVFVX (1.39%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tvfvx - Distribution history: https://www.dividenddata.com/funds/tvfvx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tvfvx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tvfvx/expenses - Peer comparison: https://www.dividenddata.com/funds/tvfvx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.