Tweedy, Browne Global Value (TBGVX)

The investment seeks long-term growth of capital. The fund invests primarily in undervalued equity securities of foreign issuers, but also invests on a more limited basis in U.S. equity securities when opportunities appear attractive. Investments focused for the most part in developed countries with 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, the fund seeks to reduce currency risk by hedging its effective foreign currency exposure back into the U.S. dollar.