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| As of 03/27/23 | NAV | $ Change |
|---|---|---|
| International Value Fund | 26.45 | +0.07 |
| International Value Fund II | 15.88 | +0.05 |
| Value Fund | 17.81 | +0.10 |
| Worldwide High Dividend Fund | 5.43 | +0.02 |
| To view a Fund's historical performance, click on the Fund name above. | ||
Tweedy, Browne employs a team-oriented approach in the management of the Funds. Investment decisions are made by a consensus of the available members of the Investment Committee, which consists of seven long-serving investment professionals, including Roger R. de Bree, Andrew Ewert, Frank H. Hawrylak, Jay Hill, Thomas H. Shrager, John D. Spears and Robert Q. Wyckoff, Jr., each of whom is a Managing Director. The members of the Investment Committee have extensive investment experience, as indicated in their bios below, and have spent between 7 and 49 years (29 years on average) at Tweedy, Browne.
Tweedy, Browne's operations are managed by its Management Committee, which consists of Jay Hill, Thomas H. Shrager, John D. Spears and Robert Q. Wyckoff, Jr., who have been with the firm for tenures ranging from 19 to 48 years. The Management Committee is responsible for all business decisions made by the firm. No committee member has ever left Tweedy, Browne to join another investment firm.
Tweedy, Browne is owned by its Managing Directors and certain other employees and by a wholly-owned subsidiary of Affiliated Managers Group, Inc. ("AMG"), which owns a majority interest in the firm. AMG provides the Firm with operational autonomy and a seamless mechanism for ownership transfer and succession. In its entire history, Tweedy, Browne has had only eleven principals, four of whom are currently active.
As of December 31, 2022, the current Managing Directors and retired principals and their families, as well as employees of Tweedy, Browne had more than $1.4 billion in portfolios combined with or similar to client portfolios, including approximately $146.6 million in the International Value Fund, $87.9 million in the Value Fund, $7.0 million in the Worldwide High Dividend Yield Value Fund, and $7.4 million in the International Value Fund II - Currency Unhedged.
Roger R. de Bree has been with Tweedy, Browne since 2000. He is a Managing Director and a member of the firm's Investment Committee, as well as Treasurer of Tweedy, Browne Fund Inc. In 2011, he became an equity stakeholder in the firm and a Managing Director in 2020. Before joining Tweedy, Browne Roger worked at ABN AMRO Bank and MeesPierson Inc. He has an undergraduate degree in business administration from Nijenrode, the Netherlands School of Business in Breukelen, the Netherlands as well as a M.B.A. from IESE, University of Navarre in Barcelona, Spain.
Andrew Ewert has been associated with the Investment Manager since 2016. He is a Managing Director of the Investment Manager and a member of its Investment Committee. Prior to joining the Investment Manager, he held positions at Equinox Partners, L.P., Ruane, Cunniff & Goldfarb Inc., MTS Health Partners, L.P., and Bear Stearns. Mr. Ewert holds a B.B.A. from Emory University and an M.B.A. from Columbia Business School.
Frank H. Hawrylak, CFA has been with Tweedy, Browne since 1986. He is a Managing Director and a member of the firm's Investment Committee. In 2011, he became an equity stakeholder in the firm and a Managing Director in 2020. Prior to joining Tweedy, Browne, Frank worked in the investment department at Royal Insurance. Mr. Hawrylak received a B.S. from the University of Arizona and an M.B.A. from the University of Edinburgh, Scotland.
Jay Hill, CFA has been with Tweedy, Browne since 2003. He is a Managing Director and a member of the firm's Investment and Management Committees and has been an equity stakeholder in the firm since 2011. He is a holder of the CFA Institute Certificate in ESG Investing. Prior to joining Tweedy, Browne, Jay held positions with Banc of America Securities LLC, Credit Lyonnais Securities(USA) Inc., and Providence Capital, Inc. Jay received a B.B.A. from Texas Tech University.
Thomas H. Shrager has been with Tweedy, Browne since 1989 and is a Managing Director. He is also a member of the firm's Investment and Management Committees, and the President and a Director of Tweedy, Browne Fund Inc., and is Chairman of the Board of Directors of the Tweedy, Browne Value Funds, domiciled in Luxembourg. Previously he had worked in mergers and acquisitions at Bear Stearns, and as a consultant for Arthur D. Little. He received a B.A. and a Masters in International Affairs from Columbia University.
John D. Spears has been with Tweedy, Browne since 1974 and is a Managing Director. He is also a member of the firm's Investment and Management Committees, and Vice President of Tweedy, Browne Fund Inc. Additionally, he is a member of the Board of Managers of Haverford College. Previously, he had been in the investment business with Berger, Kent Associates; Davic Associates; and Hornblower & Weeks-Hemphill, Noyes & Co. Mr. Spears studied at the Babson Institute of Business Administration, Drexel Institute of Technology and the University of Pennsylvania - The Wharton School.
Robert Q. Wyckoff, Jr. has been with Tweedy, Browne since 1991 and is a Managing Director. He is also a member of the firm's Investment and Management Committees, and is Chairman of the Board and Vice President of Tweedy, Browne Fund Inc., and a member of the Board of Directors of Tweedy, Browne Value Funds, domiciled in Luxembourg. Prior to joining the Investment Adviser, 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.
William H. Browne has been with Tweedy, Browne since 1978. He is a Senior Advisor to the firm's Investment Committee. Additionally, he is a member of the Executive Advisory Board of the Heilbrunn Center for Graham & Dodd Investing, and Trustee Emeritus of Colgate University. Mr. Browne holds the degrees of B.A. from Colgate University and M.B.A. from Trinity College in Dublin, Ireland.
Jason J. Minard has been with Tweedy, Browne since 1999. He is responsible for business development and client services. In 2011, he became an equity stakeholder in the firm and a Managing Director in 2020. Prior to joining Tweedy, Browne he worked in the private client departments at Warburg Pincus Asset Management and Zweig/Avatar Capital Management. Mr. Minard holds a B.A. degree from the State University of New York at Albany and an M.B.A. from Fordham University.
