Third Avenue Funds Prices and Performance

Past performance is no guarantee of future results. UCITS Fund returns include reinvestment of all distributions. Returns are annualized for periods longer than one year. The returns represent past performance and current performance may be lower or higher than performance quoted above. Investment return and principal value fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Potential eligible investors should contact their financial advisor, or the Fund’s Administrator, BNY Mellon Investment Services (International) Ltd., at +353 5391 49880 or thirdavenue@bnymellon.com for more information, including a prospectus and simplified prospectus. Potential eligible investors should read the prospectus, simplified prospectus and relevant supplement carefully, considering the investment objectives, risks, charges, and expenses of the investment company, before making any investment decision or sending money. The prospectus, simplified prospectus and supplements contain this and other important information about the Fund.

Third Avenue Value Fund UCITS
*Inception dates: Class A1 (USD) Inception: March 31, 2009
NAV AS OF 03/24/2017
Current NAV Daily Return MTD Return YTD Return
Value A1 USD$39.67-0.06%-1.41%3.34%
Risks that could negatively impact returns include: fluctuations in currencies versus the US dollar, political/social/economic instability in foreign countries where Fund invests, lack of diversification and adverse general market conditions.

Third Avenue Real Estate Value Fund UCITS
*Inception dates: Class A1 (USD) Inception: March 31, 2009 | Class A4 (USD) Inception: November 23, 2011
NAV AS OF 03/24/2017
Current NAV Daily Return MTD Return YTD Return
Real Estate Value A1 USD$55.340.14%0.54%8.23%
Real Estate Value A4 USD$37.300.14%0.57%8.35%
Please be aware that foreign securities from a particular country may be subject to currency fluctuations and controls, or adverse political, social, economic or other developments that are unique to that particular country or region. Therefore, the prices of foreign securities in particular countries or regions may, at times, move in a different direction than those of U.S. securities.