Important Notice: Fraudulent Schemes Impersonating Tweedy, Browne Company LLC

There have been recent incidents of individuals and groups falsely claiming to be associated with Tweedy, Browne Company LLC (“Tweedy, Browne”) and its employees on social media platforms and messaging apps. These imposters have engaged in a variety of unauthorized conduct, including soliciting customers to carry out trading activities with them, constructing fake websites that purport to represent or be hosted by Tweedy Browne, and impersonating Tweedy Browne using the genuine names of Tweedy Browne employees to offer investment opportunities.

There have also been fake websites and mobile applications that claim to be Tweedy Browne when in fact they are not. These are scams and not sponsored, endorsed by or in any way affiliated or authorized by Tweedy Browne.
Please be aware that Tweedy Browne does not engage in any investment activities, provide training or financial services, or conduct other regulated activities through social media platforms or messaging apps such as WhatsApp.

Tweedy Browne and its employees, officers, affiliates and agents are not responsible for any conduct by unauthorized parties and channels, nor are they responsible for the services or information provided by such unauthorized parties and channels. You may also submit a report through the Federal Bureau of Investigation’s Internet Crime Complaint Center at https://www.ic3.gov/.

Forced Selling - ETF

When Selling Has Nothing to Do With Value

Markets are not always efficient. Sometimes investors are compelled to sell not because a business has lost its value, but for reasons entirely unrelated to its fundamentals. Analyst Jay Hill explains what forced selling is, why it happens, and how Tweedy, Browne looks to turn that market inefficiency into an opportunity.

 

All investing involves the risk of loss, including the loss of principal. 

An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. Click here or call 1-800-617-0004 for a copy of the Fund’s prospectus, which contains this and other information about the fund. The prospectus should be read carefully before investing.

As of May 31, 2026, COPY and ICPY had invested the following percentages of their net assets in CVS Group: COPY (0.48%), ICPY (0.0%). Current and future portfolio holdings are subject to change.

To view current Fund Holdings: COPY, ICPY 

GLOSSARY

Market capitalization is the current value of a publicly traded company, based on the total dollar amount that all of its outstanding shares are worth.

The FTSE 250 Index comprises mid-capitalized companies not covered by the FTSE 100 and represents approximately 15% of UK market capitalization.