Betting on a Value Turnaroundhttp://www.fool.com/investing/mutual-funds/2008/05/30/betting-on-a-value-turnaround.aspx Zoe Van Schyndel, CFA
May 30, 2008
Value funds have gotten beaten up lately, with investments in badly beaten-up sectors like real estate and financials dominating their portfolios. But over time, it's likely that those who lose their faith in value investing will watch from the sidelines as value funds recover.
One value fund worth a second look is the Champion Funds-recommended Third Avenue Value Fund (FUND: TAVFX ) . While it's gotten hammered over the past year, its long-term track record suggests that any losses are likely to be temporary.
Inception date: Nov. 1, 1990
Expense ratio: 1.08%
Net assets: $10.2 billion
Minimum Investment: $10,000
About the fund
Top holdings include Henderson Land (Nasdaq: HLDCY ) , a Hong Kong holding company; Toyota (NYSE: