Investment Performance — Calendar Year Returns (%) | ||||
| Tweedy, Browne Worldwide High Dividend Yield Value Fund | MSCI World Index (US$)2 | MSCI World High Dividend Yield Index (US$)2 | Global Stock Fund Average3 | |
| 2007 (09/05 - 12/31) | 0.32 | 2.57 | 1.15 | 2.16 |
| 2008 | -29.35 | -40.71 | -42.98 | -41.93 |
| 2009 | 28.18 | 29.99 | 32.48 | 35.35 |
| 2010 | 7.73 | 11.76 | 6.29 | 13.79 |
| 2011 | 4.04 | -5.54 | 3.89 | -7.96 |
| 2012 | 12.34 | 15.83 | 12.24 | 15.84 |
| 2013 | 18.77 | 26.68 | 21.91 | 25.20 |
| 2014 | -0.92 | 4.94 | 2.48 | 2.76 |
| 2015 | -7.51 | -0.87 | -3.20 | -1.69 |
| 2016 | 4.56 | 7.51 | 9.29 | 5.50 |
| 2017 | 22.06 | 22.40 | 18.14 | 24.63 |
| 2018 | -5.61 | -8.71 | -7.56 | -11.94 |
| 2019 | 18.55 | 27.67 | 23.15 | 26.09 |
| 2020 | -4.35 | 15.90 | -0.03 | 21.41 |
| 2021 | 11.58 | 21.82 | 15.83 | 15.18 |
| 2022 | -10.55 | -18.14 | -4.74 | -19.77 |
| 2023 (through 09/30) | 2.70 | 11.10 | 1.99 | n/a |
| Cumulative Return (09/05/071 - 09/30/23) |
74.32 | 150.83 | 89.41 | n/a |
Total Returns For Periods Ending 09/30/23 (%) | ||||||
| Worldwide High Dividend Yield Value Fund | ||||||
| Average Annual Total Returns | Return before Taxes | Return after Taxes on Distributions | Return after Taxes on Distributions & Sale of Fund Shares | MSCI World Index (US$)2 | MSCI World High Dividend Yield Index (US$)2 | Global Stock Fund Average3 |
| 1 Year | 19.01 | 15.83 | 13.05 | 21.95 | 16.69 | n/a |
| 3 Years | 5.27 | 2.07 | 4.17 | 8.08 | 7.91 | n/a |
| 5 Years | 1.25 | -1.96 | 0.96 | 7.26 | 4.81 | n/a |
| 10 Years | 3.08 | 0.76 | 2.35 | 8.26 | 5.72 | n/a |
| 15 Years | 5.11 | 3.42 | 4.12 | 8.12 | 6.43 | n/a |
| Since Inception (09/05/07)1 | 3.52 | 1.91 | 2.75 | 5.89 | 4.06 | n/a |
Yield | |||
| 30-Day Standardized Yield (Subsidized) as of 07/31/23: | 2.09% | ||
| 30-Day Standardized Yield (Unsubsidized) as of 07/31/23: | 2.01% | ||
Expense Ratio | |||
| Total Annual Fund Operating Expense Ratio as disclosed in the Fund's most recent prospectus: | 1.49% | ||
| Total Annual Fund Operating Expenses (After Fee Waiver and/or Expense Reimbursement) as disclosed in the Fund's most recent prospectus: | 1.39% | ||
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Returns after taxes on distributions are adjusted for federal income taxes associated with fund distributions, but do not reflect the federal income tax impact of gains or losses recognized when fund shares are sold. Returns after taxes on distributions and sale of fund shares are adjusted for federal income taxes associated with fund distributions and reflect the federal income tax impact of gains or losses recognized when fund shares are sold. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Investors cannot invest directly in an index, unlike an index fund. Index returns are not adjusted to reflect the deduction of taxes that an investor would pay on distributions or the sale of securities comprising the index.
The performance shown, before and after taxes, represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted.
Tweedy, Browne has voluntarily agreed, effective December 1, 2017 through at least July 31, 2024, to waive a portion of the Fund's investment advisory fees and/or reimburse a portion of the Fund's expenses to the extent necessary to keep the Fund's expense ratio equal to or below the expense ratio of the International Value Fund. (For purposes of this calculation, each Fund's acquired fund fees and expenses, brokerage costs, interest, taxes and extraordinary expenses are disregarded, and each Fund's expense ratio is rounded to two decimal points). The net expense ratio set forth above reflects this limitation, while the gross expense ratio does not. The performance data shown above would have been lower had certain fees and expenses not been waived and/or reimbursed during certain periods.
The Fund does not impose any front-end or deferred sales charges. The expense ratios shown above reflect the inclusion of acquired fund fees and expenses (i.e., the fees and expenses attributable to investing cash balances in money market funds) and may differ from those shown in the Funds' financial statements.
Index Descriptions
1 Inception date for the Fund was September 5, 2007.
2 The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index (US$) reflects the return of this index for a U.S. dollar investor. The MSCI World High Dividend Yield Index (US$) reflects the performance of equities in the index (excluding REITs) with higher dividend income and quality characteristics than average dividend yields that are both sustainable and persistent. The index also applies quality screens and reviews 12-month past performance to omit stocks with potentially deteriorating fundamentals that could force them to cut or reduce dividends. The MSCI World High Dividend Yield Index (US$) reflects the return of the MSCI World High Dividend Yield Index for a U.S. dollar investor. Results for each index are inclusive of dividends and net of foreign withholding taxes.
3 Since April 28, 2017, the Global Stock Fund Average is calculated by Tweedy, Browne based on data provided by Morningstar, and reflects average returns or portfolio turnover rates of all mutual funds in the Morningstar Global Large Stock (including Global Large Value, Global Large Growth, and Global Large Blend categories) and Global Small/Mid Stock categories. Prior to April 28, 2017, the Global Stock Fund Average was calculated by Morningstar. Funds in these categories typically invest in stocks throughout the world while maintaining a percentage of their assets (normally 20% - 60%) invested in US stocks. These funds may or may not be hedged to the US dollar, which will affect reported returns. References to "Global Stock Funds" or the "Global Stock Fund Average" that predate April 28, 2017 are references to Morningstar's Global Stock Funds and Global Stock Fund Average, respectively, while references to Global Stock Funds and the Global Stock Fund Average for the period beginning April 28, 2018 refer to the Global Stock Funds and Global Stock Fund Average as calculated by Tweedy, Browne.
Notes to Morningstar Category Returns:
Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is no guarantee of future results.
