Third Avenue Focused Credit Fund Prices and Performance

*Inception date: 8/31/2009

Current NAV MTD Return YTD Return 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year 15 Year Inception*
0.24 0.00% -58.93% (4.00)% (6.12)% (58.93)% (67.46)% (37.07)% (24.61)% 0% 0% (10.64)%

Please note the Third Avenue Focused Credit Fund is currently in liquidation. There is no purchase or investment option. Performance figures for periods greater than 1 year are annualized. Past performance is no guarantee of future results; returns include reinvestment of all distributions. The above represents 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.

Please note these returns have been calculated utilizing the industry standard methodology which assumes all distributions are reinvested by the shareholder. Given that the Focused Credit has not permitted reinvestments since December 9, 2015 shareholders would only realize these rates of return if they invested the proceeds paid since that date at the rate earned by the fund.

As of August 26, 2016, the Third Avenue Focused Credit Fund combined share classes. All shares of the Investor share class were converted into shares of the Institutional share class at its NAV as of 8/26/16. Please see this post for more information.