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Third Avenue Small-Cap Value Fund Q1 2022 Portfolio Manager Commentary

Vladimir Zakharov/iStock via Getty Images Dear Fellow Shareholders, The Third Avenue Small-Cap Value Fund (the “Fund”) declined 0.44% during the first quarter of 2022 versus a decline of 2.40% for the Fund’s most relevant benchmark, the Russell 2000 Value Index1 (the “Index”). It was a volatile quarter due to higher […]