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/.

International Value Fund II: Overview - US Funds

We are simply offering investors a choice as to how they want currency treated in the management of their international assets.

TWEEDY, BROWNE

International Value Fund II - Currency Unhedged (TBCUX)

Investment Strategy

The International Value Fund II — Currency Unhedged invests primarily in foreign equity securities that the Adviser believes are undervalued, but also invests on a more limited basis in US equity securities when opportunities appear attractive. The Fund will generally have some exposure to emerging markets. The International Value Fund II – Currency Unhedged generally does not seek to reduce currency risk by hedging its perceived foreign currency exposure back into the US dollar, and will be exposed to currency fluctuations.

Commitment of the Adviser

As of September 30, 2025, Tweedy, Browne’s current Managing Directors, one of our retired principals, current employees, and their immediate family members had more than $319.7 million invested in our Funds, including approximately $7.7 million in the International Value Fund II — Currency Unhedged. Investment Committee members have spent between 9 and 51 years working at Tweedy, Browne. No member of our Management Committee has ever left the firm except for the reason of retirement.

 

Investments made by the International Value Fund II are focused for the most part in developed countries, with some exposure to emerging markets.

TWEEDY, BROWNE
Fund Profile as of 10/31/2025
Investment Strategy
INTERNATIONAL VALUE
NASDAQ Symbol
TBCUX
Inception Date
10/26/2009
Initial Investment Minimum
$2,500
NAV
$17.22

16+

years of history

$184.2

Net Assets (in millions)

14%

12-month turnover (as of 09/30/25)