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/.

Company Share Buybacks - ETF
ETF
ETFs
BACK

When Buybacks Create Value — and When They Destroy It

Not all share repurchases are created equal. In this video, analyst Jay Hill explains why the price a company pays relative to intrinsic value is the difference between a buyback that builds wealth for shareholders and one that squanders it. And why, in the right circumstances, a buyback can be one of the most powerful capital allocation tools a company has.

 

An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. A prospectus, which contains this and other information about the fund may be obtained by calling 1-800-617-0004/visiting www.tweedyetfs.com. The prospectus should be read carefully before investing.

Past Performance does not guarantee future results.

Note: Fund holdings, sector allocations and country allocations are subject to change and are not recommendations to buy or sell any security. Current and future portfolio holdings are subject to risk.

To view current Fund Holdings: COPY, ICPY

GLOSSARY

Mergers and Acquisitions (M&A) is a term used to describe businesses combining through different types of transactions.

EBITDA (Earnings Before Interest, Taxes and Amortization) is used to gauge a company’s operating profitability, adding back the non‐cash expenses of depreciation and amortization to a firm’s operating income (EBIT + depreciation + amortization expense).