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 March 31, 2024, Tweedy, Browne’s current Managing Directors, one of our retired principals, current employees, and their immediate family members had more than $293.3 million invested in our Funds, including approximately $8.7 million in the International Value Fund II – Currency Unhedged. Investment Committee members have spent between 8 and 50 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 04/30/2024
Investment Strategy
INTERNATIONAL VALUE
NASDAQ Symbol
TBCUX
Inception Date
10/26/2009
Initial Investment Minimum
$2,500
NAV
$17.39

14+

years of history

$282.6

Net Assets (in millions)

13%

12 month turnover (as of 03/31/24)