The Global Value Fund, since its inception 25½ years ago, has outperformed in every calendar year in which the benchmark index had a negative return.

TWEEDY, BROWNE

International Value Fund (Euro)

Investment Strategy

The Tweedy, Browne International Value Fund (Euro) 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 Euros. Investments are focused in developed markets, and where practicable, perceived foreign currency exposure is hedged back into the Euro.

Commitment of the Advisor

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.

TWEEDY, BROWNE
Fund Profile as of 30/11/2020
Bloomberg Symbol
TWDBRWI LX
Inception Date
31 October 1996
NAV
€104.84
Net Assets
€87.3 million
Initial Investment Minimum
€10,000
Subsequent Investment
€1,000

60

issues

5.3%

12 month turnover

EUR €

Fund Currency

The intelligent investor is a realist who sells to optimists and buys from pessimists.

BENJAMIN GRAHAM, The Intelligent Investor

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