WORLDWIDE HIGH DIVIDEND YIELD VALUE FUND

The intelligent investor is a realist who sells to optimists and buys from pessimists.

BENJAMIN GRAHAM, The Intelligent Investor
Top 20 Equity Holdings AS OF 08/31/2025
Nestlé
4.18
Switzerland

Nestle SA is a multinational packaged food company that manufactures and markets a wide range of food products. The Company’s product line includes milk, chocolate, confectionery, bottled water, coffee, creamer, food seasoning and pet foods.

Kemira OYJ
3.43
Finland

Kemira Oyj is a global water chemistry company serving customers in water-intensive industries. The Company offers chemical products and integrated systems that help customers in the water-intensive pulp and paper industry, water treatment chemicals for municipalities and industrial customers, and chemical extraction and process solutions for oil and mining industries.

Safran SA
3.37
France

Safran SA manufactures propulsion, communications, defense, security, and aerospace equipment. The Company produces engines for airplanes, helicopters, missiles and launch vehicles, mobile telephones, printing terminals, broadband networks, landing gear, wheels and brakes, aircraft wiring, inertial navigation systems, optronics, avionics, and fingerprint biometric equipment.

Roche Holding
3.33
Switzerland

Roche Holding AG develops and manufactures pharmaceutical and diagnostic products. The Company produces prescription drugs in the areas of cardiovascular, infectious, autoimmune, and respiratory diseases, dermatology, metabolic disorders, oncology, transplantation, and the central nervous system.

Novartis
3.17
Switzerland

Novartis AG manufactures pharmaceutical and consumer healthcare products. The Company produces pharmaceuticals for cardiovascular, respiratory and infectious diseases, oncology, neuroscience, transplantation, dermatology, gastrointestinal and urinary conditions, and arthritis, vaccines and diagnostics, vision, and animal health products.

Rubis SCA
3.01
France

Rubis SCA distributes liquefied petroleum gas and stores bulk liquides. The Company stores hydrocarbons, chemicals, fertilizers and edible oils. Rubis also distributes liquefied petroleum gas (LPG) in Europe.

Diageo PLC
2.93
Great Britain

Diageo plc produces, distills and markets alcoholic beverages. The Company offers a wide range of branded beverages, including vodkas, whiskeys, tequilas, gins, and beer.

DHL Group
2.56
Germany

DHL Group operates as a logistics company. The Company offers letter and parcel dispatch, express delivery, freight transport, supply chain management, and e-commerce solutions. DHL Group serves customers worldwide.

Megacable Holdings SAB
2.40
Mexico

Megacable Holdings SAB de CV provides cable television, Internet access, and telephone services.

United Overseas Bank
2.36
Singapore

United Overseas Bank Limited provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance.

US Bancorp
2.28
United States

U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.

Truist Financial Corporation
2.24
United States

Truist Financial Corporation provides financial services. The Company offers a wide range of services including retail, small business and commercial banking, asset management, capital markets, commercial real estate, corporate and institutional banking, insurance, mortgage, payments, and specialized lending and wealth management solutions.

Zurich Insurance Group
2.22
Switzerland

Zurich Insurance Group AG provides insurance-based financial services. The Company offers general and life insurance products and services for individuals, small businesses, commercial enterprises, mid-sized and large corporations, and multinational companies.

Jardine Matheson Holdings Ltd
2.09
Singapore

Jardine Matheson Holdings Limited is a multinational enterprise with a portfolio of businesses focused on the Asia-Pacific region. The Group’s activities include financial services, supermarkets, consumer marketing, engineering and construction, automobile trading, insurance broking, property investment, and hotels.

Subaru Corp
2.01
Japan

Subaru Corporation manufactures and distributes automobile products. The Company produces passenger cars, motor vehicle parts, other related products and vehicle maintenance services, as well as offers development and production of a wide variety of aircraft and parts such as such as wings, combat helicopters, and system integration technology. Subaru serves customers worldwide.

 

 

Inaba Denki Sangyo Co.
2.00
Japan

Inaba Denki Sangyo CO., LTD. sells electric cables, plumbing products, and electronic equipment. The Company’s products include cables, electric switchboards, lighting equipment, sensors, and ducts. Inaba Denki Sangyo also provides real estate management and data processing services.

Aalberts NV
1.98
Netherlands

Aalberts N.V. designs, develops, and manufactures hydronic flow control and treatment systems. The Company provides integrated piping systems to distribute and regulate water and gas flows in heating, cooling, and sprinkler systems in residential, commercial, and industrial buildings. Aalberts serves industrial, automotive, aerospace, transportation, and semiconductor sectors worldwide.

Trelleborg AB
1.91
Sweden

Trelleborg AB manufactures and distribues industrial products. The Company produces noise supression and anti-vibration systems for the automobile industry and completes wheel systems for forest and farm machines and other equipment. Trelleborg also develops and makes industrial fluid systems and polymer and bitumen based building products. The Company markets worldwide.

Inchcape PLC
1.87
Great Britain

Inchcape PLC is a global automotive distributor and retailer. The Company acts as a vehicle and parts distributor in multiple markets. In these markets, Inchcape has exclusive responsibility for managing the value chain on behalf of a focused portfolio of premium and luxury brand partners. Over two thirds of the Group profit is derived from Asia Pacific and emerging markets.

Uni-President China Holdings
1.82
China

Uni-President China Holdings Ltd. processes food.

Total
51.16%
September 5th 2007

Worldwide High Dividend Yield Value Fund
is established

Country Allocations
AS OF 08/31/2025
Market Value
Number of Issues
Percent
Country
Equities
56,812,129
54
88.52
Developed Europe
33,815,132
29
52.69
Belgium
846,133
1
1.32
Finland
2,202,351
1
3.43
France
7,088,563
6
11.04
Germany
2,380,547
2
3.71
Netherlands
1,951,280
2
3.04
Sweden
2,387,053
3
3.72
Switzerland
8,280,364
4
12.9
United Kingdom
8,678,841
10
13.52
Developed Asia & Pacific
12,194,847
13
19
Hong Kong
2,052,577
2
3.2
Japan
7,529,284
9
11.73
Singapore
2,612,986
2
4.07
Emerging Markets
6,230,673
7
9.71
China
2,037,296
2
3.17
Mexico
2,121,066
2
3.3
South Korea
2,072,311
3
3.23
U.S. and Canada
4,571,477
5
7.12
United States
4,571,477
5
7.12
Hedging
0
0
Other Assets (Liabilities)
-49,752
-0.08
Net Cash
7,419,866
11.56
Total
64,182,243
100.00%

Size is often the Achilles heel of an investment management business. Our size allows us the flexibility to meaningfully invest fund assets in smaller and medium-sized companies.

TWEEDY, BROWNE
Market Capitalization AS OF 08/31/2025
% Equity
>50 Billion
36.17
25 - 50 Billion
4.21
10 - 25 Billion
8.04
2 - 10 Billion
41.76
<2 Billion
9.82
Sector Allocations AS OF 08/31/2025
% Equity
Communication Services
2.75
Consumer Discretionary
10.24
Consumer Staples
12.47
Energy
0.05
Financials
18.1
Health Care
7.45
Industrials
27.45
Information Technology
4.19
Materials
12.57
Real Estate
1.27
Utilities
3.45

The allocations of investments shown above reflect the Fund’s investments on the date indicated and may not be representative of the Fund’s current or future holdings.