TWEBX Fees and Costs — Tweedy, Browne Value Fund
Data updated: 2026-08-27
The net expense ratio is 1.45%: a 1.25% management fee plus 0.20% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $95K in broker commissions, 0.0215% of average net assets, and portfolio turnover was 16%.
TWEBX Fees and Expenses
Annual operating expenses and sales charges of TWEBX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.01% |
| 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 |
TWEBX Costs Over Time
On $10,000 invested in TWEBX, assuming 5% a year before costs, total costs come to $912 over 5 years, cutting the return by 1.55% 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 | $816 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $504 | $912 |
| Value after costs | $10,345 | $11,073 | $11,851 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
TWEBX 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): 0.0215%
- Total broker commissions: $95K
- Bought from dealers (principal trades, not a cost): $18.8M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
TWEBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST SECURITIES, INC. | $95K | 100.00% |
TWEBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Northern Trust Securities, Inc. | $18.8M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.