We believe that favorable or unfavorable historical investment results in comparison to an index are not necessarily predictive of future comparative investment results.
The Tweedy, Browne International Value Fund (CHF) seeks long-term growth of capital by investing throughout the world in a diversified portfolio consisting primarily of non-U.S. marketable equity securities, although investments in U.S. securities are permitted and will be made when opportunities in the U.S. appear more attractive. The Sub-Fund may also invest in bonds, liquid assets and other investments as permitted by law. The Sub-Fund is denominated in Swiss francs. Investments are focused in developed markets, and where practicable, perceived foreign currency exposure is hedged back into the Swiss franc.
As of June 30, 2023, the current Managing Directors and retired principals and their families, as well as employees of Tweedy, Browne had more than US$1.5 billion in portfolios combined with or similar to client portfolios. Total assets under management at Tweedy, Browne as of June 30, 2023 were approximately US$9 billion.
We adhere to a policy of
broad diversification within
individual portfolios.
The intelligent investor is a realist who sells to optimists and buys from pessimists.
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