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/.

TBHDX Name Change - US Funds
US Funds
BACK

Share buybacks, when executed at attractive prices, can enhance per-share valuations for continuing owners. They may also signal that management believes its own shares are undervalued, a conviction further reinforced when corporate insiders are purchasing shares alongside the company. Empirical research, including our own proprietary studies, has informed this evolution in strategy.

Tweedy, Browne
March 27, 2026

Worldwide High Dividend Yield Value Fund (TBHDX)

An Upcoming Name and Strategy Change

We are pleased to announce an upcoming change to one of our mutual funds — one we believe will position it more effectively to serve our long-term investors.

Effective May 27, the Tweedy, Browne Worldwide High Dividend Yield Value Fund will be renamed the Tweedy, Browne . Buybacks . Dividends + Value Fund. Alongside this change, the Fund’s investment strategy will be modestly broadened to reflect a wider view of what generates value for shareholders over time.

What is changing — and why

The new name reflects a meaningful expansion of the Fund’s universe. In addition to dividend-paying companies, the Fund will now invest in equity securities that exhibit any of the following characteristics, and that also appear to be undervalued:

  • Dividend yield — Companies returning cash to shareholders through regular dividends
  • Buyback yield — Companies reducing their shares outstanding, which may increase each remaining shareholder’s proportionate ownership and per-share value
  • Shareholder yield — A broader measure combining dividend yield, buyback yield, and prudent debt reduction

Share buybacks, when executed at attractive prices, can enhance per-share valuations for continuing owners. They may also signal that management believes its own shares are undervalued, a conviction further reinforced when corporate insiders are purchasing shares alongside the company. Empirical research, including our own proprietary studies, has informed this evolution in strategy.

What is not changing

The Fund’s core objective remains the same: to achieve attractive absolute returns and to outperform the broader market over the long term, through disciplined valuation analysis and patient, fundamental investing.

We are grateful for your continued trust and welcome any questions you may have. For a full description of the changes, including revised investment strategy language, please refer to the Prospectus Supplement, available here.