Tweedy, Browne International Value Fund
Actively managed developed international stock fund
As of its 2026 Q2 report, Tweedy, Browne International Value Fund held 110 positions with $4.26B in net assets. Its ten largest holdings made up 34.4% of the fund. The TBGVX share class costs 1.41% a year. Over the 12 months to May 2026, TBGVX returned 19.4%, with dividends reinvested. In 2026 Q2 it added 5 new positions and exited 7.
The Fund seeks long-term capital growth.
The fund seeks undervalued foreign equity securities using value screens including low price-to-sales, price-to-earnings, price-to-book, and enterprise value ratios, along with high dividend yield and small market capitalization, while maintaining diversification across a minimum of five countries and hedging foreign currency exposure back to U.S. dollars where practicable. Because security selection depends on the Adviser's valuation judgments, fund performance may diverge materially from foreign equity benchmarks.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
DREYFUS TREASURY SECURITIES CASH MANAGEMENT | 4.86% | $206.92M | — | — |
DHL GROUP | 3.77% | $160.55M | 2.6M | $60.71 |
HEINEKEN HOLDING NV | 3.44% | $146.37M | 1.9M | $76.32 |
UNITED OVERSEAS BANK LTD | 3.39% | $144.43M | 4.7M | $30.74 |
CNH INDUSTRIAL NV | 3.33% | $141.89M | 12.6M | $11.23 |
3.25% | $138.21M | 1.7M | $79.29 | |
ROCHE HOLDING AG | 3.20% | $136.26M | 330.3K | $412.57 |
NOVARTIS AG | 3.17% | $134.91M | 859.7K | $156.92 |
NESTLE' SA/AG | 3.10% | $131.78M | 1.3M | $102.99 |
SAFRAN SA | 2.93% | $124.63M | 316.0K | $394.44 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 110 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 90.97% |
| Cash & short-term | 4.86% |
| Derivatives | 1.20% |
| Bonds | 1.17% |
Derivatives are shown at market value, not notional exposure.
How it has done
TBGVX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.18%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Tweedy, Browne International Value Fund is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 1.41%· TBGVX 1.41%
- Portfolio turnover
- 17.00% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
5 new
7 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Zero-coupon or unclassified | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — TBGVX, QQQ and the fund in my 401(k)?”
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