ETF Evaluator:
Tweedy, Browne International Ins+Val ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Foreign Large Value Over the Last Year
| 42.4% | GMO International Value ETF (GMOI) |
| 42.0% | JPMorgan International Value ETF (JIVE) |
| 40.1% | Schwab Fundamental International Eq ETF (FNDF) |
| 39.7% | Cambria Global Value ETF (GVAL) |
| 39.3% | Invesco RAFI Developed Markets ex-US ETF (PXF) |
Risk
Index
Risk
Index
ETF Details
Tweedy, Browne International Ins+Val ETF Overview
Tweedy, Browne International Ins+Val ETF (ICPY) is an actively managed International Equity Foreign Large Value exchange-traded fund (ETF). Tweedy, Browne launched the ETF in 2025.
The investment seeks long-term capital growth.
The fund is an actively-managed ETF and pursues its investment objective by investing under normal circumstances at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of non-U.S. companies that Tweedy, Browne Company LLC (“Tweedy, Browne” or the “Adviser”) believes are undervalued, and where either the company’s “insiders” have been actively purchasing the company’s equity securities and/or the company is conducting “opportunistic share buybacks".
About Tweedy, Browne International Ins+Val ETF (ICPY)
There are 8 members of the management team with an average tenure of 0.89 years: Robert Wyckoff, Jr. (2025), Thomas Shrager (2025), Roger de Bree (2025), Frank Hawrylak (2025), Jay Hill (2025), Andrew Ewert (2025), Jason Minard (2025) and John Spears (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Tweedy, Browne International Ins+Val ETF has 378 securities in its portfolio. The top 10 holdings constitute 15.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Tweedy, Browne International Ins+Val ETF is part of the Equity global asset class and is within the International Equity ETF group. Tweedy, Browne International Ins+Val ETF has 93.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 5.0% There is 93.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Tweedy, Browne International Ins+Val ETF has 2.0% of the portfolio in cash.
Assets Under Management
The fund has $74 million in total assets, which is below the $2 billion average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ICPY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Tweedy, Browne International Ins+Val ETF expense ratio is high compared to funds in the Foreign Large Value category. Tweedy, Browne International Ins+Val ETF has an expense ratio of 0.80%, which is 73% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Tweedy, Browne International Ins+Val ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 44% for the Foreign Large Value category.
Recently, in the month of July 2026, Tweedy, Browne International Ins+Val ETF returned 6.7%, which earned it a grade of A, as the Foreign Large Value category had an average return of 4.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Tweedy, Browne International Ins+Val ETF has a trailing yield of 0.00%, which is below the 3.26% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Tweedy, Browne International Ins+Val ETF Grades
Year to date, the ETF has returned 20.4%, 5.4 percentage points better than the category, which translates into a grade of A.
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Tweedy, Browne International Ins+Val ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
ICPY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ICPY Return (NAV) | 6.7% | 8.9% | na | na | na | na |
| ICPY Return (Price) | 6.1% | 8.2% | na | na | na | na |
| NAV +/- Price Return | 0.527% | 0.732% | na | na | na | na |
| Foreign Large Value Avg | 4.5% | 5.1% | 30.8% | 19.8% | 12.1% | 9.9% |
| ICPY Grade (NAV) | A | A | na | na | na | na |
| +/- Category (NAV) | 2.2% | 3.8% | na | na | na | na |
| ICPY Tax-Cost Ratio | na | na | na | na | na | na |
ICPY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ICPY Return (NAV) | 20.4% | na | na | na | na | na | na | na | na | na | na |
| ICPY Return (Price) | 19.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.043% | na | na | na | na | na | na | na | na | na | na |
| Foreign Large Value Avg | 15.0% | 38.6% | 4.7% | 16.7% | -8.9% | 12.3% | -0.7% | 18.8% | -13.7% | 23.2% | 6.9% |
| ICPY Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 5.4% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 74 Mil |
| Share Class Assets: | $ 74 Mil |
| Turnover: | na |
| Expense Ratio: | 0.80% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 8 | |||
| Longest Tenure: 0.9 years | |||
| Average Tenure: 0.9 years | |||
| Managers (Year): Wyckoff, Jr. Robert (2025), Shrager Thomas (2025), de Bree Roger (2025), Hawrylak Frank (2025), Hill Jay (2025), Ewert Andrew (2025), Minard Jason (2025), Spears John (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 378 |
| % in Top 10 Holdings: | 15.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 93.5% |
Portfolio Allocation |
|
| Domestic Stock: | 5.0% |
| Foreign Stock: | 93.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.5% |
| Cash: | 2.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tweedy, Browne |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | September 9, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.80% (Rating: High) |
| Category Average Expense Ratio (%): | 0.46% |
