Our task as Investment Adviser of the Tweedy, Browne Funds is to seek to take advantage of fluctuations in stock prices by purchasing securities at prices below our estimates of intrinsic value.
Every stock has two prices: the price quoted on an exchange and its intrinsic value, or what the business would trade for in an arm’s-length negotiated transaction. Since launching our first mutual fund, the International Value Fund in 1993, Tweedy, Browne has applied the concepts of “intrinsic value” and “margin of safety” as conceived and practiced by Benjamin Graham, seeking businesses that trade at a meaningful discount to their estimated intrinsic value.
That value investing discipline spans four mutual funds: the International Value Fund (1993), Value Fund (1993), Buybacks . Dividends + Value Fund (2007), and International Value Fund II – Currency Unhedged (2009), each diversified across global markets. We do not chase trends or time markets. We look for undervalued businesses, purchased with a margin of safety, in pursuit of long-term capital growth and the preservation of our shareholders’ capital.
Modern day application of the late Benjamin Graham’s “intrinsic value” methodology to the analysis of common stocks around the world.
in Fund investments by our Managing Directors, retired principals, employees, and their immediate families
Our Investment Committee has managed the Tweedy, Browne mutual funds through more than three decades of market cycles, reflecting our disciplined approach. Not a single member of our Management Committee has left Tweedy, Browne for another firm. We invest our own capital alongside yours because we believe in the businesses we own.
As of June 30, 2026, our Managing Directors, retired principals, employees, and their immediate families had more than $348.8 million invested in our Mutual Funds, including approximately $206.6 million in the International Value Fund and $126 million in the Value Fund, $7.1 million in the Buybacks . Dividends + Value Fund (Formerly known as Tweedy, Browne Worldwide High Dividend Yield Value Fund prior to May 27, 2026), and $9.1 million in the International Value Fund II — Currency Unhedged.
of experience managing
mutual funds
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