Fund Evaluator:

Tweedy, Browne . Buybacks . Divs+Val Fd Overview

Tweedy, Browne . Buybacks . Divs+Val Fd (TBHDX) is an actively managed International Equity Global Large-Stock Value fund. Tweedy, Browne launched the fund in 2007.

The investment seeks long-term capital growth. The fund invests primarily in U.S. and foreign equity securities that have a buyback yield, which is the percentage reduction in the company’s shares outstanding, or a dividend yield, or both, and also appear to be undervalued – including undervaluation based on proprietary combinations of various numerical investment characteristics, a value score, and qualitative assessments. Under normal circumstances, it 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 . Buybacks . Divs+Val Fd (TBHDX)

There are 7 members of the management team with an average tenure of 14.05 years: Robert Wyckoff, Jr. (2007), Thomas Shrager (2007), John Hill (2013), Roger de Bree (2013), Frank Hawrylak (2014), Andrew Ewert (2022), John Spears (2007). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and MSCI World High Dividend Yield NR USD index with a weighting of 100%. Tweedy, Browne . Buybacks . Divs+Val Fd has 66 securities in its portfolio. The top 10 holdings constitute 36.0% 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 . Buybacks . Divs+Val Fd is part of the Equity global asset class and is within the International Equity fund group. Tweedy, Browne . Buybacks . Divs+Val Fd has 83.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 11.8%. There is 83.1% 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 . Buybacks . Divs+Val Fd has 4.6% of the portfolio in cash.

Assets Under Management

The fund has $65 million in total assets, which is below the $503 million average for the Global Large-Stock 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.

TBHDX 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 . Buybacks . Divs+Val Fd expense ratio is high compared to funds in the Global Large-Stock Value category. Tweedy, Browne . Buybacks . Divs+Val Fd has an expense ratio of 1.46%, which is 39% 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 . Buybacks . Divs+Val Fd has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Global Large-Stock Value category.

Recently, in the month of July 2026, Tweedy, Browne . Buybacks . Divs+Val Fd returned 5.8%, which earned it a grade of A, as the Global Large-Stock Value category had an average return of 2.9%. 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 . Buybacks . Divs+Val Fd has a trailing yield of 2.04%, which is above the 1.78% category average. The fund normally distributes its income semi-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 . Buybacks . Divs+Val Fd Grades

Year to date, the fund has returned 10.5%, 2.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 17.1% over the past year (grade of F), 11.3% over the past three years (grade of F) and 6.8% per year over the past five years (grade of F) and 7.3% per year over the past 10 years (grade of F).

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