Third Avenue Management, founded in 1986 in New York City, uses a systematic investment approach based on financial statement evaluation. They manage mutual funds across five core strategies, including Global Value and Real Estate Value. Three recommended funds have strong returns, low fees, and Zacks Mutual Fund Rank of 1 or 2.

Third Avenue Value Investor fund invests in undervalued stocks with a 3-year and 5-year annualized return of 16.5% and 17.7% respectively. Lead manager Matthew Fine oversees investments in companies like Bayerische Motoren Werke Aktiengesellschaft and Bank of Ireland Group plc. The fund has a Zacks Mutual Fund Rank #1.

Third Avenue International Real Estate Value Fund focuses on non-U.S. real estate companies, with lead manager Quentin Vellely overseeing investments in companies like CTP N.V. and StorageVault Canada Inc. The fund has a 3-year and 5-year annualized return of 10.5% and 5.6% respectively, with a Zacks Mutual Fund Rank #1.

Third Avenue Small Cap Value Fund invests in undervalued small-cap companies, with lead manager Matthew Fine overseeing investments in companies like ProAssurance Corp and United Rentals, Inc. The fund has a 3-year and 5-year annualized return of 12.6% and 11.9% respectively, with a Zacks Mutual Fund Rank #2.

Read more at Nasdaq: 3 Third Avenue Mutual Funds to Buy for Long-Term Returns