Important Notice: Fraudulent Schemes Impersonating Tweedy, Browne Company LLC

There have been recent incidents of individuals and groups falsely claiming to be associated with Tweedy, Browne Company LLC (“Tweedy, Browne”) and its employees on social media platforms and messaging apps. These imposters have engaged in a variety of unauthorized conduct, including soliciting customers to carry out trading activities with them, constructing fake websites that purport to represent or be hosted by Tweedy Browne, and impersonating Tweedy Browne using the genuine names of Tweedy Browne employees to offer investment opportunities.

There have also been fake websites and mobile applications that claim to be Tweedy Browne when in fact they are not. These are scams and not sponsored, endorsed by or in any way affiliated or authorized by Tweedy Browne.
Please be aware that Tweedy Browne does not engage in any investment activities, provide training or financial services, or conduct other regulated activities through social media platforms or messaging apps such as WhatsApp.

Tweedy Browne and its employees, officers, affiliates and agents are not responsible for any conduct by unauthorized parties and channels, nor are they responsible for the services or information provided by such unauthorized parties and channels. You may also submit a report through the Federal Bureau of Investigation’s Internet Crime Complaint Center at https://www.ic3.gov/.

TBGVX Investment in ICPY - US Funds
US Funds
BACK

By investing in ICPY, TBGVX shareholders gain exposure to a broad mix of attractively priced securities that complement our current holdings while still aligning with our overall investment philosophy.

Tweedy, Browne
January 2026

TBGVX investment in ICPY

The Tweedy, Browne International Value Fund (TBGVX) recently invested in the Tweedy, Browne International Insider + Value ETF (ICPY).

ICPY seeks to invest in non-US companies that we consider undervalued and where knowledgeable “insiders,” i.e., executives, corporate officers, and/or directors or controlling shareholders, have been actively purchasing the company’s equity securities and/or the company is engaging in opportunistic share buybacks. We believe this investment provides several advantages for our shareholders. By investing in ICPY, TBGVX shareholders gain exposure to a broad mix of attractively priced securities that complement our current holdings while still aligning with our overall investment philosophy. This enhances diversification and supports our overall objectives.

To ensure shareholders are not subject to any additional fees, Tweedy, Browne will waive a portion of TBGVX‘s management fee rate by an amount equal to the management fee rate payable on the ICPY investment. Additionally, Tweedy, Browne will reimburse all costs or expenses related to ICPY. While the increased scale benefis the Adviser, we believe this approach is in the best interests of the TBGVX and its shareholders by providing greater diversification and potential cost and tax efficiencies.

As of January 31, 2026, 0.04% of TBGVX was invested in ICPY.

icons

… we believe this approach prioritizes the interests of the Fund and our shareholders by providing greater diversification and potential cost and tax efficiencies.

TWEEDY, BROWNE INTERNATIONAL INSIDER + VALUE ETF

This material must be preceded or accompanied by a prospectus.  An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. Click here or call 1-800-617-0004 for a copy of the Fund’s prospectus, which contains this and other information about the fund. The prospectus should be read carefully before investing.

Affiliated Funds Risk. The Fund’s Adviser serves as investment adviser to certain Tweedy, Browne affiliated funds, including exchange-traded funds (the “Affiliated Funds”). The Adviser’s selection of an Affiliated Fund may present a conflict of interest. The Adviser may prefer to invest in an Affiliated Fund because the investment may be beneficial to the Adviser in managing the Affiliated Fund by helping the Affiliated Fund achieve economies of scale or by enhancing cash flows to the Affiliated Fund.