Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
TWEEDY, BROWNE INTERNATIONAL VALUE FUND
mutual fund
TBGVX
Payout Change
Pending
Price as of:
$28.48
-0.01
-0.04%
primary theme
International Large-Cap Value Equity
share class
TBGVX (Mutual Fund)
TWEEDY, BROWNE INTERNATIONAL VALUE FUND
Payout Change
Pending
Price as of:
$28.48
-0.01
-0.04%
primary theme
International Large-Cap Value Equity
share class
TBGVX (Mutual Fund)
TWEEDY, BROWNE INTERNATIONAL VALUE FUND
Payout Change
Pending
Price as of:
$28.48
-0.01
-0.04%
primary theme
International Large-Cap Value Equity
share class
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.1%
1 yr return
7.3%
3 Yr Avg Return
4.3%
5 Yr Avg Return
5.0%
Net Assets
$5.33 B
Holdings in Top 10
35.2%
52 WEEK LOW AND HIGH
$28.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.39%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 10.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TBGVX - Profile
Distributions
- YTD Total Return 4.1%
- 3 Yr Annualized Total Return 4.3%
- 5 Yr Annualized Total Return 5.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.19%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameTWEEDY, BROWNE INTERNATIONAL VALUE FUND
-
Fund Family NameTweedy, Browne
-
Inception DateJun 15, 1993
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Spears
Fund Description
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. The Adviser seeks to construct a diversified portfolio of stocks from a variety of industries and countries. Value investing seeks to uncover stocks whose current market prices are at discounts (that is, undervalued) to the Adviser’s estimate of their true or intrinsic value.
The Fund’s value investment style derives from the work of the late Benjamin Graham, who is widely considered to be the father of the value investing approach. Most investments in the Fund’s portfolio at the time of initial purchase have one or more of the following investment characteristics:
| › | low price‑to‑sales ratio as compared to other companies in the same industry; |
| › | low ratio of enterprise value (the sum of the market value of the company’s shares plus interest-bearing debt and preferred stock, net of cash and cash equivalents) to EBITA (earnings before deduction of interest, taxes, and amortization), EBITDA (earnings before deduction of interest, taxes, depreciation and amortization), or after‑tax EBITA; |
| › | low stock price in relation to book value; |
| › | low price‑to‑earnings ratio; |
| › | low price‑to‑cash‑flow ratio; |
| › | above-average dividend yield; |
| › | low financial leverage; |
| › | high returns on invested capital; |
| › | purchases of a company’s own stock by the company’s officers and directors; |
| › | company share repurchases; |
| › | a stock price that has declined significantly from its previous high price; and/or |
| › | small market capitalization. |
The Fund invests primarily in equity securities of foreign issuers, but also invests, on a more limited basis, in U.S. equity securities when opportunities appear attractive. The Fund will generally have some exposure to emerging markets. The Fund is diversified by issuer, industry and country, and maintains investments in a minimum of five countries. Where practicable, in light of operational and regulatory considerations, the
Fund seeks to reduce currency risk by hedging its perceived foreign currency exposure back into the U.S. dollar (generally through the use of forward currency contracts) based on the Adviser’s judgment of such exposure after taking into account various factors, such as the sources of the portfolio companies’ earnings and the currencies in which their securities trade. The Fund is designed for long-term value investors who wish to focus their investment exposure for the most part on foreign stock markets of developed countries. The Fund is not appropriate for investors primarily seeking income.
TBGVX - Performance
Return Ranking - Trailing
| Period | TBGVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.1% | -5.5% | 23.5% | 77.74% |
| 1 Yr | 7.3% | -3.9% | 32.1% | 83.39% |
| 3 Yr | 4.3%* | -2.6% | 82.0% | 73.58% |
| 5 Yr | 5.0%* | 0.6% | 45.4% | 81.59% |
| 10 Yr | 4.6%* | -0.2% | 22.6% | 34.07% |
* Annualized
Return Ranking - Calendar
| Period | TBGVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.4% | 1.0% | 26.9% | 91.18% |
| 2022 | -12.4% | -27.8% | 166.1% | 40.66% |
| 2021 | 6.0% | -66.6% | 64.4% | 69.00% |
| 2020 | -1.9% | -17.0% | 17.3% | 68.29% |
| 2019 | 12.5% | 4.4% | 31.6% | 74.91% |
Total Return Ranking - Trailing
| Period | TBGVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.1% | -5.5% | 23.5% | 77.74% |
| 1 Yr | 7.3% | -3.9% | 32.1% | 83.39% |
| 3 Yr | 4.3%* | -2.6% | 82.0% | 73.58% |
| 5 Yr | 5.0%* | 0.6% | 45.4% | 81.59% |
| 10 Yr | 4.6%* | -0.2% | 22.6% | 34.07% |
* Annualized
Total Return Ranking - Calendar
| Period | TBGVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.5% | 5.4% | 31.0% | 90.52% |
| 2022 | -7.5% | -19.9% | 344.3% | 31.48% |
| 2021 | 15.6% | -0.2% | 75.3% | 15.67% |
| 2020 | -1.0% | -11.8% | 18.9% | 77.00% |
| 2019 | 14.6% | 11.2% | 32.1% | 88.53% |
NAV & Total Return History
TBGVX - Holdings
Concentration Analysis
| TBGVX | Category Low | Category High | TBGVX % Rank | |
|---|---|---|---|---|
| Net Assets | 5.33 B | 3.42 M | 46.7 B | 11.73% |
| Number of Holdings | 158 | 2 | 2513 | 32.25% |
| Net Assets in Top 10 | 1.99 B | 628 K | 14.6 B | 5.21% |
| Weighting of Top 10 | 35.20% | 6.2% | 100.0% | 17.65% |
Top 10 Holdings
- Berkshire Hathaway Inc 4.14%
- Safran SA 3.87%
- TotalEnergies SE 3.81%
- Alphabet Inc 3.76%
- BAE Systems PLC 3.70%
- Nestle SA 3.43%
- Roche Holding AG 3.29%
- United Overseas Bank Ltd 3.26%
- SOL SpA 3.06%
- Heineken Holding NV 2.89%
Asset Allocation
| Weighting | Return Low | Return High | TBGVX % Rank | |
|---|---|---|---|---|
| Stocks | 95.77% | 6.62% | 104.54% | 74.59% |
| Preferred Stocks | 2.21% | 0.00% | 3.92% | 5.21% |
| Cash | 1.79% | 0.00% | 13.78% | 50.81% |
| Bonds | 1.32% | 0.00% | 100.21% | 1.95% |
| Convertible Bonds | 0.00% | 0.00% | 0.15% | 38.76% |
| Other | -1.10% | -1.10% | 29.32% | 100.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TBGVX % Rank | |
|---|---|---|---|---|
| Consumer Defense | 21.72% | 0.00% | 31.84% | 3.62% |
| Financial Services | 17.61% | 0.00% | 42.76% | 70.72% |
| Industrials | 17.41% | 1.03% | 36.79% | 13.82% |
| Healthcare | 14.21% | 0.00% | 23.28% | 25.00% |
| Communication Services | 11.40% | 0.29% | 22.75% | 10.53% |
| Basic Materials | 5.43% | 0.00% | 30.76% | 83.22% |
| Consumer Cyclical | 4.95% | 0.00% | 27.46% | 92.11% |
| Energy | 3.29% | 0.00% | 26.59% | 82.24% |
| Technology | 1.82% | 0.00% | 24.16% | 84.21% |
| Utilities | 1.34% | 0.00% | 27.46% | 79.93% |
| Real Estate | 0.83% | 0.00% | 17.06% | 67.76% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TBGVX % Rank | |
|---|---|---|---|---|
| Non US | 77.10% | 0.00% | 99.66% | 89.58% |
| US | 18.68% | 0.00% | 100.40% | 8.47% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TBGVX % Rank | |
|---|---|---|---|---|
| Corporate | 2.62% | 0.00% | 91.99% | 4.79% |
| Cash & Equivalents | 1.09% | 0.00% | 100.00% | 46.25% |
| Securitized | 0.00% | 0.00% | 20.93% | 38.70% |
| Municipal | 0.00% | 0.00% | 0.00% | 38.70% |
| Government | 0.00% | 0.00% | 93.56% | 41.78% |
| Derivative | -1.10% | -1.10% | 29.22% | 100.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TBGVX % Rank | |
|---|---|---|---|---|
| US | 1.32% | 0.00% | 93.74% | 1.95% |
| Non US | 0.00% | 0.00% | 6.47% | 38.76% |
TBGVX - Expenses
Operational Fees
| TBGVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.39% | 0.01% | 5.99% | 21.50% |
| Management Fee | 1.25% | 0.00% | 1.25% | 99.67% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.03% | 0.47% | 6.02% |
Sales Fees
| TBGVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| TBGVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | 41.67% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TBGVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 10.00% | 2.00% | 158.16% | 2.97% |
TBGVX - Distributions
Dividend Yield Analysis
| TBGVX | Category Low | Category High | TBGVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.63% | 0.00% | 13.19% | 31.05% |
Dividend Distribution Analysis
| TBGVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| TBGVX | Category Low | Category High | TBGVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.19% | 0.18% | 7.85% | 91.69% |
Capital Gain Distribution Analysis
| TBGVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 11, 2023 | $0.463 | OrdinaryDividend |
| Dec 11, 2023 | $0.172 | CapitalGainShortTerm |
| Dec 11, 2023 | $0.610 | CapitalGainLongTerm |
| Dec 12, 2022 | $1.446 | OrdinaryDividend |
| Dec 10, 2021 | $2.586 | OrdinaryDividend |
| Dec 11, 2020 | $0.257 | OrdinaryDividend |
| Dec 12, 2019 | $0.446 | OrdinaryDividend |
| Dec 12, 2019 | $0.025 | CapitalGainShortTerm |
| Dec 12, 2019 | $0.054 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.103 | CapitalGainShortTerm |
| Dec 27, 2018 | $1.183 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.391 | OrdinaryDividend |
| Dec 27, 2017 | $0.042 | CapitalGainShortTerm |
| Dec 27, 2017 | $0.058 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.314 | OrdinaryDividend |
| Dec 28, 2016 | $0.160 | CapitalGainShortTerm |
| Dec 28, 2016 | $0.340 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.292 | OrdinaryDividend |
| Dec 29, 2015 | $0.209 | CapitalGainShortTerm |
| Dec 29, 2015 | $0.788 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.211 | OrdinaryDividend |
| Dec 29, 2014 | $0.141 | CapitalGainShortTerm |
| Dec 29, 2014 | $0.515 | CapitalGainLongTerm |
| Dec 29, 2014 | $0.330 | OrdinaryDividend |
| Dec 27, 2013 | $0.858 | CapitalGainShortTerm |
| Dec 27, 2013 | $0.123 | CapitalGainLongTerm |
| Dec 27, 2013 | $0.320 | OrdinaryDividend |
| Dec 27, 2012 | $0.072 | CapitalGainShortTerm |
| Dec 27, 2012 | $2.214 | CapitalGainLongTerm |
| Dec 27, 2012 | $0.350 | OrdinaryDividend |
| Dec 29, 2011 | $0.564 | CapitalGainLongTerm |
| Dec 29, 2011 | $0.420 | OrdinaryDividend |
| Dec 30, 2010 | $0.055 | CapitalGainLongTerm |
| Dec 30, 2010 | $0.254 | OrdinaryDividend |
| Dec 30, 2009 | $0.332 | OrdinaryDividend |
| Dec 30, 2009 | $0.332 | CapitalGainShortTerm |
| Dec 30, 2008 | $0.581 | CapitalGainShortTerm |
| Dec 30, 2008 | $1.491 | CapitalGainLongTerm |
| Dec 30, 2008 | $0.753 | OrdinaryDividend |
| Dec 28, 2007 | $2.876 | CapitalGainLongTerm |
| Dec 28, 2007 | $0.476 | OrdinaryDividend |
| Dec 28, 2006 | $0.353 | CapitalGainLongTerm |
| Dec 28, 2006 | $0.433 | OrdinaryDividend |
| Dec 28, 2005 | $0.365 | OrdinaryDividend |
| Dec 28, 2004 | $0.270 | OrdinaryDividend |
| Dec 29, 2003 | $0.200 | OrdinaryDividend |
| Dec 27, 2002 | $0.031 | CapitalGainShortTerm |
| Dec 27, 2002 | $0.236 | CapitalGainLongTerm |
| Dec 27, 2002 | $0.200 | OrdinaryDividend |
| Dec 27, 2001 | $0.104 | CapitalGainShortTerm |
| Dec 27, 2001 | $0.225 | CapitalGainLongTerm |
| Dec 27, 2001 | $0.184 | OrdinaryDividend |
| Dec 29, 2000 | $0.734 | CapitalGainShortTerm |
| Dec 29, 2000 | $1.782 | CapitalGainLongTerm |
| Dec 29, 2000 | $0.206 | OrdinaryDividend |
| Dec 23, 1999 | $0.029 | CapitalGainShortTerm |
| Dec 23, 1999 | $0.559 | CapitalGainLongTerm |
| Dec 23, 1999 | $0.259 | OrdinaryDividend |
| Dec 29, 1998 | $0.215 | CapitalGainShortTerm |
| Dec 29, 1998 | $0.776 | CapitalGainLongTerm |
| Dec 29, 1998 | $0.379 | OrdinaryDividend |
| Dec 29, 1997 | $0.127 | CapitalGainShortTerm |
| Dec 29, 1997 | $0.363 | CapitalGainLongTerm |
| Dec 29, 1997 | $0.871 | OrdinaryDividend |
| Dec 31, 1996 | $0.553 | OrdinaryDividend |
| Dec 31, 1996 | $0.154 | CapitalGainShortTerm |
| Dec 31, 1996 | $0.415 | CapitalGainLongTerm |
TBGVX - Fund Manager Analysis
Managers
John Spears
Start Date
Tenure
Tenure Rank
Jun 15, 1993
28.98
29.0%
John D. Spears joined Tweedy, Browne Company LLC in 1974 and is a member of the firm’s Management Committee and Investment Committee. He is a Managing Director of Tweedy, Browne Company LLC and Vice President of Tweedy, Browne Fund Inc. Mr. Spears studied at the Babson Institute of Business Administration, Drexel Institute of Technology and the University of Pennsylvania – The Wharton School.
Thomas Shrager
Start Date
Tenure
Tenure Rank
Dec 31, 2003
18.43
18.4%
Thomas H. Shrager has been associated with Tweedy, Browne Company LLC since 1989 and is a Managing Director of Tweedy, Browne Company LLC and a member of the firm’s Management Committee and Investment Committee. He is also the President and a member of the Board of Directors of Tweedy, Browne Fund Inc. Previously, he worked in mergers and acquisitions at Bear Stearns, and as a consultant for Arthur D. Little. He received a B.A. and an M.A. in International Affairs from Columbia University.
Robert Wyckoff, Jr.
Start Date
Tenure
Tenure Rank
Jul 24, 2007
14.86
14.9%
Robert Q. Wyckoff, Jr. has been associated with the Tweedy, Browne Company LLC since 1991 and is a Managing Director of the firm. Mr. Wyckoff is a member of the firm’s Investment Committee and Management Committee and a member of the Board of Directors of Tweedy, Browne Fund Inc. Prior to joining the Tweedy, Browne Company LLC, he held positions with Bessemer Trust, C.J. Lawrence, J&W Seligman, and Stillrock Management. He received a B.A. from Washington & Lee University and a J.D. from the University of Florida School of Law.
Roger de Bree
Start Date
Tenure
Tenure Rank
Aug 01, 2013
8.84
8.8%
Roger R. de Bree has been associated with Tweedy since 2000. He is a research analyst and a member of the firm’s Investment Committee. Prior to joining Tweedy, he worked at ABN AMRO Bank and MeesPierson Inc., in addition to serving as an officer in the Royal Dutch Navy from 1986 to 1988. He received a B.B.A. from Nijenrode, the Netherlands School of Business in Breukelen, the Netherlands as well as an M.B.A. from the Instituto de Estudios Superiores de la Empresa (IESE) at the University of Navarre in Barcelona, Spain.
John Hill
Start Date
Tenure
Tenure Rank
Aug 01, 2013
8.84
8.8%
John Jay Hill, a Chartered Financial Analyst (CFA), has been associated with Tweedy since 2003. He is a research analyst and a member of the firm’s Investment Committee. Prior to joining Tweedy, he held positions with Banc of America Securities LLC, Credit Lyonnais Securities (USA) Inc., and Providence Capital, Inc. He received a B.B.A. from Texas Tech University.
Frank Hawrylak
Start Date
Tenure
Tenure Rank
Dec 31, 2014
7.42
7.4%
Frank H. Hawrylak, a Chartered Financial Analyst (CFA), has been associated with Tweedy since 1986. He is a research analyst and a member of the firm’s Investment Committee. Prior to joining Tweedy, he worked in the investment department at Royal Insurance. He received a B.S. from the University of Arizona and an M.B.A. from the University of Edinburgh, Scotland.
Sean McDonald
Start Date
Tenure
Tenure Rank
Jan 15, 2021
1.37
1.4%
Sean McDonald, a Chartered Financial Analyst (CFA), has been associated with the Adviser since 2009 and is a Managing Director of Tweedy, Browne Company LLC and a member of the firm’s Investment Committee. Prior to joining Tweedy, Browne, he worked for The Capital Group Companies and held positions at Stonefield Josephson and Sanli Pastore & Hill. Mr. McDonald has an undergraduate degree in political science from the University of California, Los Angeles and an M.B.A. from Columbia Business School. Prior to his undergraduate studies, Mr. McDonald served as an infantryman in the 101st Airborne Division of the US Army.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 29.68 | 7.74 | 0.54 |
