Fund Overview Fund Overview Share Class Common NAV | as of 08/10/2022 $5.76 +$0.06 (+1.05%) Morningstar | Style Box V B G L M S Growth of $10,000 (Hypothetical) Since Inception 09/05/2007 to 06/30/2022 = $16,733.42 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the 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. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. View Performance Read Important Investment Disclosures Objective The Fund seeks long-term growth of capital. Why Consider The Fund may be appropriate for long-term value investors looking to gain exposure to U.S. and international equity investments that Tweedy, Browne believe to have above-average dividend yields. Invests, based on Tweedy, Browne’s fundamental research, in a diversified portfolio of stocks from a variety of industries and countries across market capitalizations. Utilizes a value investing approach popularized by legendary investor Benjamin Graham. Documents Fact Sheet Commentary Prospectus 2021 Year End Distributions View All Documents Roger R. de Bree MANAGING DIRECTOR See Our Approach Read Bio Frank H. Hawrylak, CFA MANAGING DIRECTOR See Our Approach Read Bio Jay Hill, CFA MANAGING DIRECTOR See Our Approach Read Bio Thomas H. Shrager MANAGING DIRECTOR See Our Approach Read Bio John D. Spears MANAGING DIRECTOR See Our Approach Read Bio Robert Q. Wyckoff, Jr. MANAGING DIRECTOR See Our Approach Read Bio Investment Style Tweedy, Browne Worldwide High Dividend Yield Value Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective Tweedy, Browne Worldwide High Dividend Yield Value Fund is categorized as Large-Value. It invests in large-cap companies with low risk. Morningstar Ratings Risk-adjusted returns as of 07/31/2022 Overall Rating (of 154) 3 Years (of 154) 5 Years (of 145) 10 Years (of 89) Category Global Large-Stock Value Read Important Investment Disclosures Roger R. de Bree MANAGING DIRECTOR Roger R. de Bree has been with Tweedy, Browne since 2000 and is 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. Frank H. Hawrylak, CFA MANAGING DIRECTOR Frank H. Hawrylak, CFA has been with Tweedy, Browne since 1986 and is 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 MANAGING DIRECTOR Jay Hill, CFA has been with Tweedy, Browne since 2003. He is a member of the firm's Investment and Management Committees and has been an equity stakeholder in the firm since 2011. 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 MANAGING DIRECTOR Thomas H. Shrager has been with Tweedy, Browne since 1989. He is a member of the firm's Investment and Management Committees, and is the President and a Director of Tweedy, Browne Fund Inc. 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 MANAGING DIRECTOR John D. Spears has been with Tweedy, Browne since 1974 and is a member of the firm's Investment and Management Committees. He is also 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. MANAGING DIRECTOR Robert Q. Wyckoff, Jr. has been with Tweedy, Browne since 1991. He is also a member of the firm's Investment and Management Committees, and is Chairman 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. Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year Returns The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the 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. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Expense Ratios Gross Expense Ratio: 1.48% Net Expense Ratio: 1.34% Expense Cap Expiration Date: 07/31/2023 Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Jun 29, 2022 $0.103000 $0.103000 — — Dec 10, 2021 $1.451000 $0.089000 $0.058000 $1.304000 Jun 29, 2021 $0.107000 $0.107000 — — Dec 11, 2020 $0.554000 $0.076000 — $0.478000 Jun 29, 2020 $0.064000 $0.064000 — — Dec 12, 2019 $0.846000 $0.067000 — $0.779000 Jun 27, 2019 $0.125000 $0.125000 — — Dec 27, 2018 $1.669000 $0.119000 — $1.550000 Jun 28, 2018 $0.136000 $0.136000 — — Dec 27, 2017 $0.427000 $0.097000 $0.071000 $0.259000 Jun 29, 2017 $0.085000 $0.085000 — — Dec 28, 2016 $0.274000 $0.120000 — $0.154000 Jun 29, 2016 $0.113000 $0.113000 — — Dec 29, 2015 $1.049000 $0.161000 — $0.888000 Jun 29, 2015 $0.102000 $0.102000 — — Dec 29, 2014 $0.791000 $0.124000 — $0.667000 Jun 27, 2014 $0.126000 $0.126000 — — Dec 27, 2013 $0.102000 $0.080000 — $0.022000 Jun 27, 2013 $0.119000 $0.119000 — — Dec 27, 2012 $0.030000 $0.030000 — — Jun 28, 2012 $0.130000 $0.130000 — — Dec 29, 2011 $0.058000 $0.058000 — — Jun 29, 2011 $0.120000 $0.120000 — — Dec 30, 2010 $0.084000 $0.084000 — — Jun 29, 2010 $0.108000 $0.108000 — — Dec 30, 2009 $0.079000 $0.079000 — — Jun 29, 2009 $0.116000 $0.116000 — — Dec 30, 2008 $0.054000 $0.054000 — — Jun 27, 2008 $0.202000 $0.202000 — — Dec 28, 2007 $0.032000 $0.032000 — — From: To: Risk & Return Stats As of: 07/31/2022 3YR 5YR 10YR Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -6.96 -4.60 -3.77 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 17.64 15.35 12.88 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. - 0.08 0.31 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 60.83 56.22 53.12 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 98.59 94.15 98.99 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.85 0.83 0.86 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 81.17 81.15 82.98 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 8.14 7.24 5.66 View All Characteristics & Stats All Characteristics & Stats Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund MSCI World Index Fund Assets (Mil.$) $73 Number of Holdings 54 1,513 Weighted Avg. Market Cap (Mil.$) $91,622 $339,970 Median Market Cap (Mil.$) $16,571 $16,248 Weighted Avg. P/E (1-yr Forward EPS) 10.54 13.58 Weighted Avg. P/E (Trailing EPS) 12.18 15.52 PEG Ratio 1.31 Weighted Avg. P/B 1.40 2.52 EPS Growth (Trailing 3-yr %) 4.27% 10.02% EPS Growth (Trailing 5-yr %) 5.51% 10.85% Forward EPS Growth (1-yr %) 6.20% Forward EPS Growth (Long Term %) 11.49% Revenue Growth (Trailing 5-yr %) 2.83% 11.26% Return on Equity 12.50% 14.87% Weighted Avg. Dividend Yield 4.06% 2.16% Debt to Equity 54.04 68.64 Trailing 12-Months Portfolio Turnover 17.65% As of: 06/30/2022 Risk & Return 3 Years 5 Years 10 Years Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -6.96 -4.60 -3.77 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 17.64 15.35 12.88 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. - 0.08 0.31 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 60.83 56.22 53.12 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 98.59 94.15 98.99 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.85 0.83 0.86 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 81.17 81.15 82.98 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 8.14 7.24 5.66 Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. -1.11 -0.89 -0.99 Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. -0.02 1.50 4.63 Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -24.73 -24.73 -24.73 As of: 07/31/2022 Market Cap Fund MSCI World Index Market Cap ($mm) 0 - 1,000 1.90% 0.00% Market Cap ($mm) 1,000 - 1,500 2.17% 0.00% Market Cap ($mm) 1,500 - 2,500 8.06% 0.00% Market Cap ($mm) 2,500 - 5,000 9.64% 0.59% Market Cap ($mm) 5,000 - 10,000 7.91% 4.43% Market Cap ($mm) 10,000 - 25,000 7.31% 14.28% Market Cap ($mm) 25,000 - 50,000 17.94% 17.24% Market Cap ($mm) 50,000 - 100,000 14.62% 15.99% Market Cap ($mm) 100,000 - 200,000 10.46% 16.45% Market Cap ($mm) 200,000 - 20.00% 31.02% Market Cap – NA 0.00% 0.00% As of: 06/30/2022 Valuation Characteristics Fund MSCI World Index P/E 0-10 32.36% 14.12% P/E 10-15 15.61% 15.78% P/E 15-20 22.29% 14.73% P/E 20-25 8.36% 16.04% P/E 25-Above 8.14% 31.75% P/E – NA 13.24% 7.58% As of: 06/30/2022 Growth Characteristics Fund MSCI World Index EPS Growth (Trailing 3-yr %) - Negative 26.65% 17.10% EPS Growth (Trailing 3-yr %) 0 - 5 24.25% 7.94% EPS Growth (Trailing 3-yr %) 5 - 10 4.28% 9.50% EPS Growth (Trailing 3-yr %) 10 - 15 9.73% 10.69% EPS Growth (Trailing 3-yr %) 15 - 20 1.84% 4.93% EPS Growth (Trailing 3-yr %) Above 20 23.76% 35.64% EPS Growth (Trailing 3-yr %) - NA 9.50% 14.20% As of: 06/30/2022 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 06/30/2022 Nestlé 4.96% Verizon Communications 4.17% GSK PLC 4.15% Diageo PLC 3.97% Roche Holding 3.28% Johnson & Johnson 3.24% BAE Systems PLC 3.03% Trelleborg AB 3.01% SCOR SE 2.95% Coca Cola FEMSA 2.84% % in Top 10 Holdings 35.62% View Holding Details Holding Details Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 06/30/2022 Nestlé 4.96% Verizon Communications 4.17% GSK PLC 4.15% Diageo PLC 3.97% Roche Holding 3.28% Johnson & Johnson 3.24% BAE Systems PLC 3.03% Trelleborg AB 3.01% SCOR SE 2.95% Coca Cola FEMSA 2.84% % in Top 10 Holdings 35.62% As of: 06/30/2022 Download All Holdings (PDF) As of: 06/30/2022 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund nesn.vx Nestlé Consumer Staples S CH CHF 31,255 116 $3,638,228 4.96% vz Verizon Communications Communication Services S US USD 60,286 51 $3,059,515 4.17% gsk.l GSK PLC Health Care S GB GBp 142,165 21 $3,048,349 4.15% dge.l Diageo PLC Consumer Staples S GB GBp 68,020 43 $2,916,436 3.97% rog.vx Roche Holding Health Care S CH CHF 7,230 333 $2,405,720 3.28% jnj Johnson & Johnson Health Care S US USD 13,405 178 $2,379,522 3.24% baes.l BAE Systems PLC Industrials S GB GBp 220,690 10 $2,225,077 3.03% trelb.st Trelleborg AB Industrials S SE SEK 109,875 20 $2,209,852 3.01% scor.pa SCOR SE Financials S FR EUR 101,170 21 $2,168,248 2.95% kof Coca Cola FEMSA Consumer Staples S MX USD 37,735 55 $2,085,991 2.84% ulvr.as Unilever NV Consumer Staples S GB EUR 44,585 45 $2,019,205 2.75% saf.pa Safran SA Industrials S FR EUR 19,670 98 $1,937,335 2.64% basfn.de BASF SE Materials S DE EUR 43,500 43 $1,888,436 2.57% oran.pa Orange SA Communication Services S FR EUR 141,765 12 $1,662,896 2.27% rubf.pa Rubis SCA Utilities S FR EUR 71,355 23 $1,662,045 2.26% pgr Progressive Corp/The Financials S US USD 12,795 116 $1,487,675 2.03% uobh.si United Overseas Bank Financials S SG SGD 78,510 19 $1,480,842 2.02% inch.l Inchcape PLC Consumer Discretionary S GB GBp 172,435 8 $1,456,472 1.98% tfc Truist Financial Corporation Financials S US USD 30,645 47 $1,453,492 1.98% intc Intel Corp Information Technology S US USD 38,740 37 $1,449,263 1.97% dbsm.si DBS Group Holdings Financials S SG SGD 67,295 21 $1,435,162 1.96% usb US Bancorp Financials S US USD 30,030 46 $1,381,981 1.88% kemira.he Kemira OYJ Materials S FI EUR 112,945 12 $1,376,794 1.88% novn.vx Novartis Health Care S CH CHF 16,072 84 $1,357,310 1.85% megacpo.mx Megacable Holdings SAB Communication Services S MX MXN 531,475 2 $1,286,029 1.75% bac Bank of America Financials S US USD 41,145 31 $1,280,844 1.75% fms Fresenius Medical Care AG & Co Health Care S DE USD 50,695 25 $1,264,333 1.72% 0001.hk CK Hutchison Holdings Ltd Industrials S HK HKD 177,500 7 $1,200,004 1.64% 3799.hk Dali Foods Group Company Ltd Consumer Staples S CN HKD 2,033,530 1 $1,080,652 1.47% zurn.vx Zurich Insurance Group Financials S CH CHF 2,187 434 $948,496 1.29% bachocob.mx Industrias Bachoco SA de CV Consumer Staples S MX MXN 257,375 4 $918,862 1.25% 9934.t Inaba Denki Sangyo Co Industrials S JP JPY 45,315 20 $888,922 1.21% csco Cisco Systems Information Technology S US USD 20,336 43 $867,127 1.18% 0220.hk Uni-President China Holdings Consumer Staples S CN HKD 976,845 1 $837,799 1.14% jard.si Jardine Matheson Holdings Ltd Industrials S HK USD 15,465 53 $812,840 1.11% 003550.ks LG Corp Industrials S KR KRW 13,365 60 $801,859 1.09% alv Autoliv Inc Consumer Discretionary S SE USD 10,925 72 $781,902 1.07% 0010.hk Hang Lung Group Real Estate S HK HKD 407,000 2 $767,636 1.05% 4503.t Astellas Pharma Inc Health Care S JP JPY 49,270 16 $767,039 1.05% muvgn.f Munich Re Financials S DE EUR 3,250 234 $761,767 1.04% dpwgn.f Deutsche Post AG Industrials S DE EUR 19,870 37 $742,430 1.01% skfb.st SKF AB Industrials S SE SEK 48,290 15 $709,218 0.97% epd Enterprise Products Partners, LP Energy S US USD 28,760 24 $700,881 0.96% freg.de Fresenius SE & Co KGaA Health Care S DE EUR 22,400 30 $676,783 0.92% 0179.hk Johnson Electric Holdings Ltd Consumer Discretionary S HK HKD 497,350 1 $646,489 0.88% tktt.pa Tarkett Industrials S FR EUR 44,294 13 $574,209 0.78% 3405.t Kuraray Co Ltd Materials S JP JPY 56,600 8 $456,200 0.62% 0590.hk Luk Fook Holdings Consumer Discretionary S HK HKD 172,775 3 $443,665 0.60% 1969.t Takasago Thermal Engineering Industrials S JP JPY 35,785 12 $424,347 0.58% 6302.t Sumitomo Heavy Industries Ltd Industrials S JP JPY 17,685 22 $389,876 0.53% 6268.t Nabtesco Corp Industrials S JP JPY 16,420 23 $383,139 0.52% hwdn.l Howden Joinery Group PLC Industrials S GB GBp 47,690 7 $349,009 0.48% noej.de Norma Group SE Industrials S DE EUR 15,305 22 $340,813 0.46% para Paramount Global - B Communication Services S US USD 13,145 25 $324,419 0.44% Cash & Cash Equivalents Cash C - - $2,769,430 3.77% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return BAE Systems PLC 1 2.81% 17.34% GSK PLC 2 4.16% 7.79% Unilever NV 3 2.69% 6.75% Orange SA 4 2.27% 8.35% Inchcape PLC 5 2.01% 5.85% Astellas Pharma Inc 6 1.03% 10.10% Inaba Denki Sangyo Co 7 1.21% 6.98% Coca-Cola FEMSA 8 2.83% 3.07% Uni-President China Holdings 9 1.10% 6.15% Dali Foods Group Company Ltd 10 1.39% 3.45% As of: 06/30/2022 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund's return during the specified quarter. Returns (and return %) are expressed in LCL. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return SCOR SE 20 3.67% -24.13% Intel Corp 19 2.24% -23.90% Fresenius Medical Care ADR 18 2.03% -24.15% Bank of America 17 1.98% -24.05% Roche Holding 16 3.42% -12.84% BASF SE 15 3.06% -13.68% United Overseas Bank 14 2.22% -16.19% Diageo PLC 13 4.29% -8.31% Safran SA 12 2.75% -11.46% DBS Group Holdings 11 2.09% -15.17% As of: 06/30/2022 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund's return during the specified quarter. Returns (and return %) are expressed in LCL. Read Important Investment Disclosures Read Important Investment Disclosures Regional Allocation As of: 06/30/2022 View Allocation Details Allocation Details Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX) Sector Allocation (Equity) Investment Allocation Country Allocation Regional Allocation Top 10 Industries Sector Sort Order Fund MSCI World Index Industrials 19.06% 9.90% Consumer Staples 18.39% 7.80% Financials 16.90% 13.56% Health Care 16.22% 14.15% Communication Services 8.63% 7.58% Materials 5.07% 4.28% Consumer Discretionary 4.54% 10.56% Cash & Other 3.77% 0.00% Information Technology 3.16% 21.08% Utilities 2.26% 3.21% Real Estate 1.05% 2.90% Energy 0.96% 4.99% Bonds 0.00% 0.00% Futures 0.00% 0.00% Other Equities 0.00% 0.00% As of: 06/30/2022 Investment Allocation 06/30/2022 Stocks 96.23% Bonds 0.00% Cash and Other 3.77% As of: 06/30/2022 Country Fund MSCI World Index United States 19.60% 68.67% United Kingdom 16.37% 4.42% Switzerland 11.38% 2.90% France 10.91% 3.11% Germany 7.73% 2.16% Mexico 5.85% 0.00% Hong Kong 5.27% 0.93% Sweden 5.04% 0.93% Japan 4.51% 6.17% Singapore 3.97% 0.40% China 2.61% 0.00% Finland 1.88% 0.28% South Korea 1.09% 0.00% % in Top 15 Countries 96.21% 89.97% As of: 06/30/2022 Region Fund MSCI World Index Developed 86.67% 100.00% Europe & Middle East 53.31% 18.01% North America 19.60% 72.27% Pacific 13.76% 9.72% Emerging 9.55% 0.00% Asia 3.71% 0.00% Latin America 5.85% 0.00% Europe & Middle East 0.00% 0.00% Africa 0.00% 0.00% Frontier 0.00% 0.00% Africa 0.00% 0.00% Asia 0.00% 0.00% Europe 0.00% 0.00% Latin America 0.00% 0.00% Middle East 0.00% 0.00% Cash & Other 3.77% 0.00% As of: 06/30/2022 Industry Fund MSCI World Index Pharmaceuticals 13.57% 5.95% Banks 9.58% 5.82% Food Products 8.82% 1.75% Insurance 7.31% 3.29% Beverages 6.82% 1.88% Diversified Telecommunication Services 6.44% 1.40% Aerospace & Defense 5.67% 1.55% Machinery 5.50% 1.79% Chemicals 5.07% 2.17% Industrial Conglomerates 3.84% 0.95% % in Top 10 Industries 72.62% 26.55% As of: 06/30/2022 Read Important Investment Disclosures Investment Approach Investment Approach Tweedy, Browne Worldwide High Dividend Yield Value Fund The Fund’s focus is on companies with above-average dividend yields selling at reasonable valuations; i.e., some level of discount from Tweedy Browne’s estimate of intrinsic value, whether defined as book value, earnings value or private market value. Learned Lessons from Over a Century of Value Investing Bob Wyckoff from Tweedy, Browne Company draws on the wisdom of great investors over the last century as his company recently celebrated its 100th birthday. Read Blog Barron’s Reprint: Why Value Investing is Facing a ‘Tectonic Shift’ Tweedy, Browne co-managers Thomas Schrager and Robert Wyckoff discuss the future of value investing after recently celebrating the firm’s 100th anniversary. READ MORE About About Tweedy, Browne Company Background Tweedy, Browne Company, LLC, is a leading practitioner of the value-oriented investment approach of legendary investor, author (The Intelligent Investor, Security Analysis), and Columbia Business School professor Benjamin Graham. Serving originally as a broker to Graham and other respected value investors, the firm’s 100-year history is grounded in undervalued securities, first as a market maker, then as an investor and investment adviser. Learn More More Funds From Tweedy, Browne Company TBGVX Tweedy, Browne International Value Fund The Fund seeks long-term capital growth. View Fund Details TBCUX Tweedy, Browne International Value Fund II - Currency Unhedged The Fund seeks long-term capital growth. View Fund Details TWEBX Tweedy, Browne Value Fund The Fund seeks long-term capital growth. View Fund Details Read Important Investment Disclosures Founded 1920 Headquarters Stamford, CT Affiliate Since 1997 Discover how the boutique advantage helps generate alpha. Learn More About AMG