Third Avenue Focused Credit Fund Institutional Class (TFCIX)

Net Asset Value
1 Day
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks long-term total return- which may include investment returns from a combination of sources including capital appreciation- fees and interest income. Under normal circumstances- at least 80% of the fund's net assets (plus the amount of any borrowing for investment purposes) will be invested in bonds and other types of credit instruments. The advisor intends to invest a substantial amount of its assets in credit instruments that are rated below investment grade by some or all relevant independent rating agencies. The fund is non-diversified.


1 month0.00% 3 years-35.87%
3 months-57.52% 5 years-23.34%
1 year-67.84% Since inception-10.28%
Data through --

Peer Comparisonvs. High yield bond

Performance 5-yr return-23.34%+4.63%
Expense ratio0.88%1.05%
Risk 5 year sharpe ratio-0.710.85
Net assets$57.2M$1.3B
Average market cap--$5.8B
Average P/E----
Portfolio turnover----

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureThomas LaPointe / 7 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00


Fixed income58.22%
U.S. stock1.95%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.