TBGVX Fees and Costs — Tweedy, Browne International Value Fund
Data updated: 2026-08-21
The net expense ratio is 1.45%: a 1.25% management fee plus 0.19% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.6M in broker commissions, 0.0361% of average net assets, and portfolio turnover was 14%.
TBGVX Fees and Expenses
Annual operating expenses and sales charges of TBGVX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.45% |
| Fee waiver | — |
| Net expense ratio | 1.45% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TBGVX Costs Over Time
On $10,000 invested in TBGVX, assuming 5% a year before costs, total costs come to $921 over 5 years, cutting the return by 1.56% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.45%) | $152 | $473 | $815 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $508 | $921 |
| Value after costs | $10,344 | $11,068 | $11,842 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
TBGVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0361%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): $228.0M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
TBGVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST SECURITIES, INC. | $1.6M | 98.26% |
| MORGAN STANLEY & CO. LLC | $28K | 1.74% |
TBGVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Northern Trust Securities, Inc. | $228.0M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.