- Includes detailed analysis of Tweedy, Browne Fund's positions in HYMLF, HYMPF, HYMTF, HAOOF, TKFTF, TKFTY.
- Our flagship Global Value Fund was aided by its currency hedging policy during the quarter, which helped to protect the good local currency returns earned by the Fund’s international holdings.
- While it trailed its hedged benchmark, it produced a positive return of 2.40%, which was 364 basis points better than the MSCI EAFE Index in USD (-1.24%).
Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
This article was written by
Select quarterly fund letters.