ICPY – Tweedy, Browne International Ins+Val ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital growth. The fund is an actively-managed ETF and pursues its investment objective by investing under normal circumstances at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of non-U.S. companies that Tweedy, Browne Company LLC (“Tweedy, Browne” or the “Adviser”) believes are undervalued, and where either the company’s “insiders” have been actively purchasing the company’s equity securities and/or the company is conducting “opportunistic share buybacks".

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ICPY	Tweedy, Browne International Insider + Value ETF	ETF	Open	—	—	Sep 9, 2025	$78.27M	0.800%	—	—	$66.16M

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