Fund Evaluator:
Tweedy, Browne International Value Fund (TBGVX)
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Fund Details
Tweedy, Browne International Value Fund Overview
Tweedy, Browne International Value Fund (TBGVX) is an actively managed International Equity Foreign Large Value fund. Tweedy, Browne launched the fund in 1993.
The investment seeks long-term capital growth. The fund invests primarily in foreign equity securities that Tweedy, Browne Company LLC (the “Adviser” or “Tweedy, Browne”) believes are undervalued but may invest in U.S. securities to a limited extent. 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 International Value Fund (TBGVX)
There are 7 members of the management team with an average tenure of 16.63 years: Robert Wyckoff, Jr. (2007), Thomas Shrager (2003), John Hill (2013), Roger de Bree (2013), Frank Hawrylak (2014), Andrew Ewert (2022), John Spears (1993). 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 International Value Fund has 229 securities in its portfolio. The top 10 holdings constitute 34.4% 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 International Value Fund is part of the Equity global asset class and is within the International Equity fund group. Tweedy, Browne International Value Fund has 84.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 6.6%. There is 84.2% 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 Value Fund has 8.8% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is above 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.
TBGVX 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 Value Fund expense ratio is high compared to funds in the Foreign Large Value category. Tweedy, Browne International Value Fund 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 International Value Fund has a portfolio turnover rate of 14%, 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 International Value Fund returned 2.5%, 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 International Value Fund has a trailing yield of 1.78%, 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 International Value Fund Grades
Year to date, the fund has returned 13.4%, 1.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 22.1% over the past year (grade of F), 13.3% over the past three years (grade of F) and 9.0% per year over the past five years (grade of F) and 8.2% per year over the past 10 years (grade of F).
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TBGVX 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 |
|
| TBGVX Return (NAV) | 2.5% | 7.0% | 22.1% | 13.3% | 9.0% | 8.2% |
| TBGVX Grade | D | B | F | F | F | F |
| +/- Category | -1.4% | 1.1% | -8.8% | -6.0% | -3.2% | -1.6% |
| Foreign Large Value Avg | 3.8% | 5.9% | 30.9% | 19.3% | 12.2% | 9.8% |
| TBGVX Tax Cost Ratio | na | na | 2.9% | 2.3% | 2.1% | 1.5% |
TBGVX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TBGVX Return (NAV) | 13.4% | 23.8% | 2.5% | 12.5% | -7.5% | 15.6% | -1.0% | 14.6% | -6.7% | 15.4% | 5.6% |
| TBGVX Grade | D | F | D | F | B | A | F | F | A | F | B |
| +/- Category | -1.5% | -14.9% | -1.9% | -5.3% | 1.9% | 3.2% | -3.6% | -4.4% | 9.7% | -7.6% | 2.6% |
| Foreign Large Value Avg | 14.9% | 38.6% | 4.4% | 17.8% | -9.5% | 12.4% | 2.6% | 19.0% | -16.4% | 23.0% | 3.0% |
| Risk Measures | |
| Standard Deviation: | 9.9% |
| Total Risk Index: | 0.81 - Average |
| Category Risk Index: | 0.76 - Low |
| Category Risk Grade: | A (0% Rank) |
| Beta: | 0.62 |
| R-Squared: | 74% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4292 Mil |
| Fund Total Assets: | $4,293 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 14% |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 33.2 years | |||
| Average Tenure: 16.6 years | |||
| Managers (Year): Spears John (1993), Shrager Thomas (2003), Wyckoff, Jr. Robert (2007), Hill John (2013), de Bree Roger (2013), Hawrylak Frank (2014), Ewert Andrew (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 229 |
| % in Top 10 Holdings: | 34.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 84.2% |
Portfolio Allocation |
|
| Domestic Stock: | 6.6% |
| Foreign Stock: | 84.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.4% |
| Cash: | 8.8% |
Purchase Information
| Fund Family: | Tweedy, Browne |
| Phone Number: | 800-432-4789 |
| Website: | www.tweedy.com |
| Status: | Open |
| Inception Date: | June 15, 1993 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.45% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Tweedy, Browne International Value Fund |
| Min. Subsequent Purchase: | $ 200 |
| Min. Subsequent IRA Purchase: | $ 200 |
