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TWEEDY, BROWNE WORLDWIDE HIGH DIVIDEND YIELD VALUE FUND
mutual fund
TBHDX
Payout Change
Pending
Price as of:
$5.38
+0.0
+0.0%
primary theme
N/A
share class
TBHDX (Mutual Fund)
TWEEDY, BROWNE WORLDWIDE HIGH DIVIDEND YIELD VALUE FUND
TBHDX (Mutual Fund)
TWEEDY, BROWNE WORLDWIDE HIGH DIVIDEND YIELD VALUE FUND
Payout Change
Pending
Price as of:
$5.38
+0.0
+0.0%
primary theme
N/A
share class
Name
As of 12/24/2024Price
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
$5.38
$65.5 M
3.20%
$0.17
1.51%
Vitals
YTD Return
-4.7%
1 yr return
-3.9%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
0.5%
Net Assets
$65.5 M
Holdings in Top 10
32.9%
52 WEEK LOW AND HIGH
$5.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.51%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 16.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
$5.38
$65.5 M
3.20%
$0.17
1.51%
TBHDX - Profile
Distributions
- YTD Total Return -4.7%
- 3 Yr Annualized Total Return -1.0%
- 5 Yr Annualized Total Return 0.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.26%
- Dividend Yield 3.2%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameTWEEDY, BROWNE WORLDWIDE HIGH DIVIDEND YIELD VALUE FUND
-
Fund Family NameTweedy, Browne
-
Inception DateSep 05, 2007
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Shrager
Fund Description
The Fund invests primarily in U.S. and foreign equity securities that the Adviser believes to have above-average dividend yields and valuations that are reasonable. 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 securities that the Adviser believes to have above average dividend yields, but also invests, on a more limited basis, in securities that the Adviser believes to have attractive shareholder yields at the time of purchase. “Shareholder yield” is the sum of a company’s dividend yield, its “buyback yield” (when a company buys back shares, remaining shareholders may benefit, as their proportionate ownership of the company increases), and its “net debt paydown yield” (prudent reductions in outstanding debt can increase the value of each share of the company).
The Fund has chosen generally not to hedge its perceived foreign currency exposure back into the U.S. dollar. A substantial portion of the Fund’s holdings will be in U.S.-domiciled companies and in non‑U.S. multinational companies that have meaningful exposure to the U.S. dollar.
The Fund is diversified by issuer, industry, and country, and under normal market conditions invests at least 40% of its assets in foreign securities and in at least three countries in addition to the U.S. The Fund will generally have some exposure to emerging markets. It is designed for long-term investors who wish to focus their investment exposure for the most part on equity securities that have above-average dividend yields and that are economically linked to the stock markets of the U.S. and of foreign developed countries. It is also intended for investors who prefer generally not to have their non‑U.S. currency exposure hedged back into the U.S. dollar. The Fund is not appropriate for investors primarily seeking current income.
TBHDX - Performance
Return Ranking - Trailing
| Period | TBHDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.7% | -35.6% | 29.2% | 52.24% |
| 1 Yr | -3.9% | 17.3% | 252.4% | 91.25% |
| 3 Yr | -1.0%* | -3.5% | 34.6% | 96.47% |
| 5 Yr | 0.5%* | 0.1% | 32.7% | 89.66% |
| 10 Yr | 2.8%* | -6.9% | 18.3% | 94.06% |
* Annualized
Return Ranking - Calendar
| Period | TBHDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.1% | -24.3% | 957.1% | 98.23% |
| 2022 | -19.9% | -38.3% | 47.1% | 98.23% |
| 2021 | -10.2% | -54.2% | 0.6% | 91.12% |
| 2020 | -11.9% | -76.0% | 54.1% | 62.66% |
| 2019 | 5.8% | -26.1% | 47.8% | 67.30% |
Total Return Ranking - Trailing
| Period | TBHDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.7% | -35.6% | 29.2% | 52.91% |
| 1 Yr | -3.9% | 11.4% | 252.4% | 90.00% |
| 3 Yr | -1.0%* | -3.5% | 34.6% | 95.38% |
| 5 Yr | 0.5%* | 0.1% | 32.7% | 88.32% |
| 10 Yr | 2.8%* | -6.9% | 18.3% | 93.51% |
* Annualized
Total Return Ranking - Calendar
| Period | TBHDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -24.3% | 957.1% | 98.23% |
| 2022 | -10.5% | -33.1% | 47.1% | 98.48% |
| 2021 | 11.6% | -44.4% | 1.8% | 93.67% |
| 2020 | -4.4% | -6.5% | 54.1% | 83.89% |
| 2019 | 16.9% | -14.4% | 47.8% | 80.54% |
NAV & Total Return History
TBHDX - Holdings
Concentration Analysis
| TBHDX | Category Low | Category High | TBHDX % Rank | |
|---|---|---|---|---|
| Net Assets | 65.5 M | 199 K | 133 B | 70.94% |
| Number of Holdings | 60 | 1 | 9075 | 67.40% |
| Net Assets in Top 10 | 22.5 M | -18 M | 37.6 B | 68.39% |
| Weighting of Top 10 | 32.87% | 9.1% | 100.0% | 30.78% |
Top 10 Holdings
- Nestle SA 4.18%
- Dreyfus Government Securities Cash Management 3.70%
- Kemira Oyj 3.48%
- BAE Systems PLC 3.47%
- Diageo PLC 3.47%
- Roche Holding AG 3.08%
- Johnson Johnson 3.02%
- Safran SA 2.97%
- Fresenius SE Co KGaA 2.80%
- Novartis AG 2.70%
Asset Allocation
| Weighting | Return Low | Return High | TBHDX % Rank | |
|---|---|---|---|---|
| Stocks | 95.43% | 61.84% | 125.47% | 80.40% |
| Cash | 4.57% | -174.70% | 23.12% | 15.53% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 98.46% |
| Other | 0.00% | -13.98% | 19.14% | 98.13% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 98.79% |
| Bonds | 0.00% | -1.50% | 161.67% | 98.35% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TBHDX % Rank | |
|---|---|---|---|---|
| Financial Services | 19.36% | 0.00% | 38.42% | 5.62% |
| Consumer Defense | 18.38% | 0.00% | 73.28% | 11.78% |
| Industrials | 18.27% | 0.00% | 44.06% | 2.09% |
| Healthcare | 16.49% | 0.00% | 35.42% | 30.73% |
| Communication Services | 8.03% | 0.00% | 57.66% | 84.14% |
| Basic Materials | 5.65% | 0.00% | 38.60% | 23.46% |
| Technology | 4.92% | 0.00% | 49.87% | 95.81% |
| Consumer Cyclical | 4.21% | 0.00% | 40.94% | 90.31% |
| Utilities | 2.66% | 0.00% | 29.12% | 40.97% |
| Real Estate | 1.09% | 0.00% | 39.48% | 63.22% |
| Energy | 0.94% | 0.00% | 21.15% | 58.48% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TBHDX % Rank | |
|---|---|---|---|---|
| Non US | 76.03% | 0.58% | 99.46% | 1.87% |
| US | 19.40% | 0.13% | 103.82% | 98.35% |
TBHDX - Expenses
Operational Fees
| TBHDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.51% | 0.01% | 44.27% | 40.14% |
| Management Fee | 1.25% | 0.00% | 1.82% | 99.56% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.01% | 0.76% | 14.33% |
Sales Fees
| TBHDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| TBHDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 66.67% |
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.
| TBHDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 16.00% | 0.00% | 395.00% | 2.75% |
TBHDX - Distributions
Dividend Yield Analysis
| TBHDX | Category Low | Category High | TBHDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.20% | 0.00% | 3.26% | 98.58% |
Dividend Distribution Analysis
| TBHDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Annually | Annually |
Net Income Ratio Analysis
| TBHDX | Category Low | Category High | TBHDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.26% | -4.27% | 12.65% | 11.59% |
Capital Gain Distribution Analysis
| TBHDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 11, 2023 | $0.048 | OrdinaryDividend |
| Dec 11, 2023 | $0.081 | CapitalGainLongTerm |
| Jun 29, 2023 | $0.085 | OrdinaryDividend |
| Dec 12, 2022 | $0.520 | OrdinaryDividend |
| Jun 29, 2022 | $0.103 | OrdinaryDividend |
| Dec 10, 2021 | $1.451 | OrdinaryDividend |
| Jun 29, 2021 | $0.107 | OrdinaryDividend |
| Dec 11, 2020 | $0.554 | OrdinaryDividend |
| Jun 29, 2020 | $0.064 | OrdinaryDividend |
| Dec 12, 2019 | $0.067 | OrdinaryDividend |
| Dec 12, 2019 | $0.013 | CapitalGainShortTerm |
| Dec 12, 2019 | $0.779 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.119 | OrdinaryDividend |
| Dec 27, 2018 | $1.550 | CapitalGainLongTerm |
| Jun 28, 2018 | $0.136 | OrdinaryDividend |
| Dec 27, 2017 | $0.097 | OrdinaryDividend |
| Dec 27, 2017 | $0.071 | CapitalGainShortTerm |
| Dec 27, 2017 | $0.259 | CapitalGainLongTerm |
| Jun 29, 2017 | $0.085 | OrdinaryDividend |
| Dec 28, 2016 | $0.120 | OrdinaryDividend |
| Dec 28, 2016 | $0.154 | CapitalGainLongTerm |
| Jun 29, 2016 | $0.113 | OrdinaryDividend |
| Dec 29, 2015 | $0.161 | OrdinaryDividend |
| Dec 29, 2015 | $0.888 | CapitalGainLongTerm |
| Jun 29, 2015 | $0.102 | OrdinaryDividend |
| Dec 29, 2014 | $0.124 | OrdinaryDividend |
| Dec 29, 2014 | $0.667 | CapitalGainLongTerm |
| Jun 27, 2014 | $0.126 | OrdinaryDividend |
| Dec 27, 2013 | $0.080 | OrdinaryDividend |
| Dec 27, 2013 | $0.022 | CapitalGainLongTerm |
| Jun 27, 2013 | $0.119 | OrdinaryDividend |
| Dec 27, 2012 | $0.030 | OrdinaryDividend |
| Jun 28, 2012 | $0.130 | OrdinaryDividend |
| Dec 29, 2011 | $0.058 | OrdinaryDividend |
| Jun 29, 2011 | $0.120 | OrdinaryDividend |
| Dec 30, 2010 | $0.084 | OrdinaryDividend |
| Jun 29, 2010 | $0.116 | OrdinaryDividend |
| Dec 30, 2009 | $0.079 | OrdinaryDividend |
| Dec 30, 2008 | $0.054 | OrdinaryDividend |
TBHDX - Fund Manager Analysis
Managers
Thomas Shrager
Start Date
Tenure
Tenure Rank
Sep 05, 2007
14.75
14.8%
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
Sep 05, 2007
14.75
14.8%
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.
John Spears
Start Date
Tenure
Tenure Rank
Sep 05, 2007
14.75
14.8%
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.
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.
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.
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 |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
