Fund Evaluator:

Tweedy, Browne Intl Val II - Ccy UnH Overview

Tweedy, Browne Intl Val II - Ccy UnH (TBCUX) is an actively managed International Equity Foreign Large Value fund. Tweedy, Browne launched the fund in 2009.

The investment seeks long-term capital growth. The fund invests primarily in foreign equity securities that the Adviser believes are undervalued but may invest in U.S. securities to a limited extent. The Adviser seeks to construct a diversified portfolio of stocks from a variety of industries and countries. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies with value characteristics.

About Tweedy, Browne Intl Val II - Ccy UnH (TBCUX)

There are 7 members of the management team with an average tenure of 13.11 years: Robert Wyckoff, Jr. (2009), Thomas Shrager (2009), John Hill (2013), Roger de Bree (2013), Frank Hawrylak (2014), Andrew Ewert (2022), John Spears (2009). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Tweedy, Browne Intl Val II - Ccy UnH has 78 securities in its portfolio. The top 10 holdings constitute 30.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Tweedy, Browne Intl Val II - Ccy UnH is part of the Equity global asset class and is within the International Equity fund group. Tweedy, Browne Intl Val II - Ccy UnH has 85.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 6.3%. There is 85.5% 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 Intl Val II - Ccy UnH has 7.8% of the portfolio in cash.

Assets Under Management

The fund has $166 million in total assets, which is below the $976 million 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.

TBCUX 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 Intl Val II - Ccy UnH expense ratio is high compared to funds in the Foreign Large Value category. Tweedy, Browne Intl Val II - Ccy UnH has an expense ratio of 1.45%, which is 38% 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 Intl Val II - Ccy UnH has a portfolio turnover rate of 15%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.

Recently, in the month of July 2026, Tweedy, Browne Intl Val II - Ccy UnH returned 2.9%, which earned it a grade of D, as the Foreign Large Value category had an average return of 3.8%. 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 funds in that category.

Tweedy, Browne Intl Val II - Ccy UnH has a trailing yield of 2.10%, which is below the 2.78% 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 Intl Val II - Ccy UnH Grades

Year to date, the fund has returned 12.0%, 2.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 20.6% over the past year (grade of F), 11.9% over the past three years (grade of F) and 7.7% per year over the past five years (grade of F) and 7.2% per year over the past 10 years (grade of F).

For more mutual fund 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 Intl Val II - Ccy UnH, including its riskiness, submit your email to unlock the rest of the article.