Average Annual Total Returns
|
|
12 Months Ended |
60 Months Ended |
92 Months Ended |
94 Months Ended |
120 Months Ended |
141 Months Ended |
327 Months Ended |
345 Months Ended |
422 Months Ended |
Feb. 27, 2026 |
Dec. 31, 2025 |
Dec. 31, 2025 |
Dec. 31, 2025 |
Dec. 31, 2025 |
Dec. 31, 2025 |
Dec. 31, 2025 |
Dec. 31, 2025 |
Dec. 31, 2025 |
Dec. 31, 2025 |
| THIRD AVENUE VALUE FUND Institutional Class |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
Institutional Class Before Taxes
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| Average Annual Return, Percent |
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|
35.46%
|
18.00%
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|
|
11.04%
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|
10.92%
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| Performance Inception Date |
|
Nov. 01, 1990
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| THIRD AVENUE VALUE FUND Institutional Class | After Taxes on Distributions |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
After Taxes on Distributions
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| Average Annual Return, Percent |
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|
33.36%
|
16.31%
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|
9.39%
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|
9.57%
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| Performance Inception Date |
|
Nov. 01, 1990
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| THIRD AVENUE VALUE FUND Institutional Class | After Taxes on Distributions and Sales |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
After Taxes on Distributions and Sale of Fund Shares
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| Average Annual Return, Percent |
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|
22.49%
|
14.24%
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|
8.56%
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|
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|
9.18%
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| Performance Inception Date |
|
Nov. 01, 1990
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| THIRD AVENUE VALUE FUND Institutional Class | MSCI World Index (reflects no deductions for fees, expenses, or taxes) |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
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MSCI
World Index (reflects no deductions for fees, expenses, or taxes)
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| Average Annual Return, Percent |
[1] |
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9.05%
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| THIRD AVENUE VALUE FUND Investor Class |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
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Investor Class Before Taxes
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| Average Annual Return, Percent |
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35.15%
|
17.70%
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|
10.76%
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|
8.35%
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| Performance Inception Date |
|
Dec. 31, 2009
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| THIRD AVENUE VALUE FUND Investor Class | MSCI World Index (reflects no deductions for fees, expenses, or taxes) |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
MSCI
World Index (reflects no deductions for fees, expenses, or taxes)
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| Average Annual Return, Percent |
[1] |
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11.27%
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| THIRD AVENUE VALUE FUND Z Class |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
Z Class Before Taxes
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| Average Annual Return, Percent |
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35.56%
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18.11%
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10.71%
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| Performance Inception Date |
|
Mar. 01, 2018
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| THIRD AVENUE VALUE FUND Z Class | MSCI World Index (reflects no deductions for fees, expenses, or taxes) |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
MSCI
World Index (reflects no deductions for fees, expenses, or taxes)
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| Average Annual Return, Percent |
[1] |
|
21.60%
|
12.66%
|
|
12.22%
|
12.74%
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| Performance Inception Date |
|
Mar. 01, 2018
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| THIRD AVENUE SMALL-CAP VALUE FUND Institutional Class |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
Institutional Class Before Taxes
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| Average Annual Return, Percent |
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14.04%
|
12.20%
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|
9.82%
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8.73%
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| Performance Inception Date |
|
Apr. 01, 1997
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| THIRD AVENUE SMALL-CAP VALUE FUND Institutional Class | After Taxes on Distributions |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
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After Taxes on Distributions
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| Average Annual Return, Percent |
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13.07%
|
10.06%
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|
7.72%
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7.30%
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| Performance Inception Date |
|
Apr. 01, 1997
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| THIRD AVENUE SMALL-CAP VALUE FUND Institutional Class | After Taxes on Distributions and Sales |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
After Taxes on Distributions and Sale of Fund Shares
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| Average Annual Return, Percent |
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|
9.03%
|
9.44%
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|
7.52%
|
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7.16%
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| Performance Inception Date |
|
Apr. 01, 1997
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| THIRD AVENUE SMALL-CAP VALUE FUND Institutional Class | MSCI USA All Cap Index (reflects no deductions for fees, expenses, or taxes) |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
MSCI USA All Cap Index (reflects no deductions for fees, expenses, or taxes)
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| THIRD AVENUE SMALL-CAP VALUE FUND Institutional Class | MSCI USA Small Cap Value Index (reflects no deductions for fees, expenses, or taxes) |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
MSCI USA Small Cap Value Index (reflects no deductions for fees, expenses, or taxes)
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| Average Annual Return, Percent |
[2] |
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|
9.71%
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| THIRD AVENUE SMALL-CAP VALUE FUND Investor Class |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
Investor Class Before Taxes
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| Average Annual Return, Percent |
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|
13.71%
|
11.92%
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|
|
9.55%
|
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|
9.11%
|
|
| Performance Inception Date |
|
Dec. 31, 2009
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| THIRD AVENUE SMALL-CAP VALUE FUND Investor Class | MSCI USA All Cap Index (reflects no deductions for fees, expenses, or taxes) |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
MSCI USA All Cap Index (reflects no deductions for fees, expenses, or taxes)
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| THIRD AVENUE SMALL-CAP VALUE FUND Investor Class | MSCI USA Small Cap Value Index (reflects no deductions for fees, expenses, or taxes) |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
MSCI USA Small Cap Value Index (reflects no deductions for fees, expenses, or taxes)
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| Average Annual Return, Percent |
[2] |
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|
10.66%
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| THIRD AVENUE SMALL-CAP VALUE FUND Z Class |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
Z Class Before Taxes
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|
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| Average Annual Return, Percent |
|
|
14.11%
|
12.31%
|
|
|
|
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|
|
8.48%
|
|
| Performance Inception Date |
|
Mar. 01, 2018
|
|
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|
|
| THIRD AVENUE SMALL-CAP VALUE FUND Z Class | MSCI USA All Cap Index (reflects no deductions for fees, expenses, or taxes) |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
MSCI USA All Cap Index (reflects no deductions for fees, expenses, or taxes)
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|
| Average Annual Return, Percent |
[2] |
|
17.27%
|
13.29%
|
|
13.88%
|
14.39%
|
|
|
|
|
|
| Performance Inception Date |
|
Mar. 01, 2018
|
|
|
|
|
|
|
|
|
|
|
| THIRD AVENUE SMALL-CAP VALUE FUND Z Class | MSCI USA Small Cap Value Index (reflects no deductions for fees, expenses, or taxes) |
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|
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| Prospectus [Line Items] |
|
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|
|
| Average Annual Return, Label [Optional Text] |
|
MSCI USA Small Cap Value Index (reflects no deductions for fees, expenses, or taxes)
|
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|
|
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|
|
|
|
| Average Annual Return, Percent |
[2] |
|
10.80%
|
10.09%
|
|
8.22%
|
9.63%
|
|
|
|
|
|
| Performance Inception Date |
|
Mar. 01, 2018
|
|
|
|
|
|
|
|
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|
|
| THIRD AVENUE REAL ESTATE VALUE FUND Institutional Class |
|
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
Institutional Class Before Taxes
|
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|
|
| Average Annual Return, Percent |
|
|
11.62%
|
8.58%
|
|
|
5.68%
|
|
|
8.96%
|
|
|
| Performance Inception Date |
|
Sep. 17, 1998
|
|
|
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| THIRD AVENUE REAL ESTATE VALUE FUND Institutional Class | After Taxes on Distributions |
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| Prospectus [Line Items] |
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| Average Annual Return, Label [Optional Text] |
|
After Taxes on Distributions
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
|
|
10.16%
|
6.80%
|
|
|
3.93%
|
|
|
7.59%
|
|
|
| Performance Inception Date |
|
Sep. 17, 1998
|
|
|
|
|
|
|
|
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|
|
| THIRD AVENUE REAL ESTATE VALUE FUND Institutional Class | After Taxes on Distributions and Sales |
|
|
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|
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| Prospectus [Line Items] |
|
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|
|
| Average Annual Return, Label [Optional Text] |
|
After Taxes on Distributions and Sale of Fund Shares
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
|
|
7.68%
|
6.46%
|
|
|
4.17%
|
[3] |
|
7.41%
|
|
|
| Performance Inception Date |
|
Sep. 17, 1998
|
|
|
|
|
|
|
|
|
|
|
| THIRD AVENUE REAL ESTATE VALUE FUND Institutional Class | MSCI World Index (reflects no deductions for fees, expenses, or taxes) |
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| Prospectus [Line Items] |
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|
| Average Annual Return, Label [Optional Text] |
|
MSCI World Index (reflects no deductions for fees, expenses, or taxes)
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
[4] |
|
|
|
|
8.27%
|
|
|
|
|
|
|
| THIRD AVENUE REAL ESTATE VALUE FUND Institutional Class | MSCI ACWI IMI Core Real Estate Index (reflects no deductions for fees, expenses, or taxes) |
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| Prospectus [Line Items] |
|
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|
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|
|
| Average Annual Return, Label [Optional Text] |
|
MSCI ACWI IMI Core Real Estate Index (reflects no deductions for fees, expenses, or taxes)
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
[4] |
|
|
|
|
7.64%
|
|
|
|
|
|
|
| THIRD AVENUE REAL ESTATE VALUE FUND Investor Class |
|
|
|
|
|
|
|
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|
|
| Prospectus [Line Items] |
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|
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|
|
| Average Annual Return, Label [Optional Text] |
|
Investor Class Before Taxes
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
|
|
11.33%
|
8.31%
|
|
|
5.41%
|
|
|
7.06%
|
|
|
| Performance Inception Date |
|
Dec. 31, 2009
|
|
|
|
|
|
|
|
|
|
|
| THIRD AVENUE REAL ESTATE VALUE FUND Investor Class | MSCI World Index (reflects no deductions for fees, expenses, or taxes) |
|
|
|
|
|
|
|
|
|
|
|
|
| Prospectus [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Label [Optional Text] |
|
MSCI World Index (reflects no deductions for fees, expenses, or taxes)
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
[4] |
|
|
|
|
11.27%
|
|
|
|
|
|
|
| THIRD AVENUE REAL ESTATE VALUE FUND Investor Class | MSCI ACWI IMI Core Real Estate Index (reflects no deductions for fees, expenses, or taxes) |
|
|
|
|
|
|
|
|
|
|
|
|
| Prospectus [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Label [Optional Text] |
|
MSCI ACWI IMI Core Real Estate Index (reflects no deductions for fees, expenses, or taxes)
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
[4] |
|
|
|
|
6.40%
|
|
|
|
|
|
|
| THIRD AVENUE REAL ESTATE VALUE FUND Z Class |
|
|
|
|
|
|
|
|
|
|
|
|
| Prospectus [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Label [Optional Text] |
|
Z Class Before Taxes
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
|
|
11.71%
|
8.68%
|
|
|
|
|
|
4.41%
|
|
|
| Performance Inception Date |
|
Mar. 01, 2018
|
|
|
|
|
|
|
|
|
|
|
| THIRD AVENUE REAL ESTATE VALUE FUND Z Class | MSCI World Index (reflects no deductions for fees, expenses, or taxes) |
|
|
|
|
|
|
|
|
|
|
|
|
| Prospectus [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Label [Optional Text] |
|
MSCI World Index (reflects no deductions for fees, expenses, or taxes)
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
[4] |
|
21.60%
|
12.66%
|
|
12.22%
|
12.74%
|
|
|
|
|
|
| Performance Inception Date |
|
Mar. 01, 2018
|
|
|
|
|
|
|
|
|
|
|
| THIRD AVENUE REAL ESTATE VALUE FUND Z Class | MSCI ACWI IMI Core Real Estate Index (reflects no deductions for fees, expenses, or taxes) |
|
|
|
|
|
|
|
|
|
|
|
|
| Prospectus [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Label [Optional Text] |
|
MSCI ACWI IMI Core Real Estate Index (reflects no deductions for fees, expenses, or taxes)
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
[4] |
|
10.90%
|
3.49%
|
|
3.86%
|
4.37%
|
|
|
|
|
|
| Performance Inception Date |
|
Mar. 01, 2018
|
|
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|
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|
| Third Avenue International Real Estate Value Fund Institutional Class |
|
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| Prospectus [Line Items] |
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|
|
| Average Annual Return, Label [Optional Text] |
|
Institutional Class Before Taxes
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| Average Annual Return, Percent |
|
|
25.56%
|
5.54%
|
|
|
7.08%
|
|
5.95%
|
|
|
|
| Performance Inception Date |
|
Mar. 19, 2014
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|
| Third Avenue International Real Estate Value Fund Institutional Class | After Taxes on Distributions |
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| Prospectus [Line Items] |
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|
| Average Annual Return, Label [Optional Text] |
|
After Taxes on Distributions
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| Average Annual Return, Percent |
|
|
24.84%
|
5.06%
|
|
|
6.08%
|
|
4.99%
|
|
|
|
| Performance Inception Date |
|
Mar. 19, 2014
|
|
|
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|
|
| Third Avenue International Real Estate Value Fund Institutional Class | After Taxes on Distributions and Sales |
|
|
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|
|
| Prospectus [Line Items] |
|
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| Average Annual Return, Label [Optional Text] |
|
After Taxes on Distributions and Sale of Fund Shares
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| Average Annual Return, Percent |
|
|
15.56%
|
4.34%
|
|
|
5.34%
|
|
4.41%
|
|
|
|
| Performance Inception Date |
|
Mar. 19, 2014
|
|
|
|
|
|
|
|
|
|
|
| Third Avenue International Real Estate Value Fund Institutional Class | MSCI World ex USA Index (reflects no deduction for fees, expenses, or taxes) |
|
|
|
|
|
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|
|
| Prospectus [Line Items] |
|
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|
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|
|
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|
|
| Average Annual Return, Label [Optional Text] |
|
MSCI World ex USA Index (reflects no deduction for fees, expenses, or taxes)
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|
| Average Annual Return, Percent |
[5] |
|
|
|
7.15%
|
|
|
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|
| Third Avenue International Real Estate Value Fund Institutional Class | MSCI ACWI ex USA IMI Core Real Estate Index (reflects no deduction for fees, expenses, or taxes) |
|
|
|
|
|
|
|
|
|
|
|
|
| Prospectus [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Label [Optional Text] |
|
MSCI ACWI ex USA IMI Core Real Estate Index (reflects no deduction for fees, expenses, or taxes)
|
|
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|
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|
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|
| Average Annual Return, Percent |
[5] |
|
|
|
2.99%
|
|
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|
| Third Avenue International Real Estate Value Fund Z Class |
|
|
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|
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|
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|
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| Prospectus [Line Items] |
|
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|
| Average Annual Return, Label [Optional Text] |
|
Z Class Shares Before Taxes
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|
|
| Average Annual Return, Percent |
|
|
25.49%
|
5.55%
|
|
|
|
|
5.71%
|
|
|
|
| Performance Inception Date |
|
Apr. 20, 2018
|
|
|
|
|
|
|
|
|
|
|
| Third Avenue International Real Estate Value Fund Z Class | MSCI World ex USA Index (reflects no deduction for fees, expenses, or taxes) |
|
|
|
|
|
|
|
|
|
|
|
|
| Prospectus [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Label [Optional Text] |
|
MSCI World ex USA Index (reflects no deduction for fees, expenses, or taxes)
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
[5] |
|
32.55%
|
10.04%
|
8.28%
|
|
9.11%
|
|
|
|
|
|
| Performance Inception Date |
|
Apr. 20, 2018
|
|
|
|
|
|
|
|
|
|
|
| Third Avenue International Real Estate Value Fund Z Class | MSCI ACWI ex USA IMI Core Real Estate Index (reflects no deduction for fees, expenses, or taxes) |
|
|
|
|
|
|
|
|
|
|
|
|
| Prospectus [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Label [Optional Text] |
|
MSCI ACWI ex USA IMI Core Real Estate Index (reflects no deduction for fees, expenses, or taxes)
|
|
|
|
|
|
|
|
|
|
|
| Average Annual Return, Percent |
[5] |
|
22.14%
|
0.36%
|
0.50%
|
|
3.03%
|
|
|
|
|
|
| Performance Inception Date |
|
Apr. 20, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|