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ICPY

GradeCNew York Stock Exchange Arca

Tweedy, Browne International Insider + Value ETF

Active Equity · Tweedy, Browne Co. · Inception 2025-09-09

$13.09−0.18 (−1.36%)

As of Sep 23, 2026, 12:34 PM EDT

History starts Sep 10, 2025.
Intraday session: down, 9 prints from 13.27 to 13.09. Range 13.09 to 13.11. Use the arrow keys to read each point.$13.10$13.10$13.11$13.1110 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$79M
1Y return
+32.4%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$13.15
52W range
low $9.79high $14.14

The ETF.net ICPY Grade

C

42/ 100

Rank 12 of 18 in International Active Value⁠

Confidence Medium

Six-pillar profile for ICPY. Scores out of 100: Cost 15, Risk 87, Mission not scored, Tradability 35, Holdings 71, Durability 42. Strongest: Risk (87). Weakest: Cost (15). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 42 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 15
    Category rank16/18 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 87
    Category rank2/17 · top 12%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 35
    Category rank13/18 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 71
    Category rank5/17 · top 29%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 42
    Category rank12/18 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on ICPY

ETF.net Research

CMost value funds stop at "cheap." Tweedy, Browne's international ETF wants a second signal: insiders buying their own stock, or the company buying back shares. Old-school value logic, aimed outside the US.

Stated mandate

The Fund seeks long-term capital growth. It mainly invests in non-U.S. equities the Adviser considers undervalued when company insiders are buying shares or the company is pursuing opportunistic buybacks.

Why people hold it

  1. 01Two filters, not one: the adviser's own value scoring, plus evidence that company insiders are buying shares or the firm is running opportunistic buybacks.
  2. 02Purely non-US equity mandate, so it covers ground a US-heavy core portfolio does not.
  3. 03Lands in the upper half of its global active-equity peer group despite being one of the youngest funds in it, launched in 2025.

Worth knowing

  1. 01The 0.80% expense ratio runs above the typical global active fund, and broad index-based rivals like GSWO (0.15%) sit far below it.
  2. 02Thinly traded so far. Spreads can run wider than on large index funds, which matters most on big or hurried orders.
  3. 03Launched in 2025, so there is little history to judge the strategy on in ETF form. Distributions come once or twice a year, not monthly.

ICPY Holdings

As of Sep 20, 2026, 9:07 AM
Asset class
Stocks
Holdings
—
Top-10 weight
16%
Largest holding
First Resources Ltd2.4%

Geography

  • United Kingdom23.73%
  • Canada11.15%
  • South Korea8.98%
  • France7.87%
  • Sweden6.97%
  • Spain6.64%
  • Germany5.68%
  • Italy5.41%
  • Other countries (17)23.57%

Developed 86% · Emerging 14% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First Resources Ltd2.38%472,550$2M3
002—U.S. Bank Money Market Deposit Account 08/01/20312.25%1,775,352$2M21
003BKT.MCBankinter SA1.83%76,054$1M86
004REP.MCRepsol SA1.62%37,611$1M140
005PEY.TOPeyto Exploration & Development Corp1.50%67,718$1M45
006IGG.LIG Group Holdings PLC1.39%60,743$1M60
007086790.KSHana Financial Group Inc1.36%11,097$1M103
008005830.KSDB Insurance Co Ltd1.29%7,523$1M86
009NA.TONational Bank of Canada1.29%6,671$1M78
010HAFNHafnia Ltd1.27%98,736$999K5
011NORION.STNorion Bank AB1.26%149,855$994K49
012CCC.LComputacenter PLC1.25%13,502$982K57
013VOD.LVodafone Group PLC1.23%572,390$967K131
014OSB.LOSB Group PLC1.23%140,938$966K57
015BNS.TOBank of Nova Scotia/The1.20%10,017$942K90

Showing 1–15 of 135 holdings

ICPY Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ICPY$13,242
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ICPY $13,242. SPY $11,723. Use the arrow keys to read each point.$9,223$11,456$13,690Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ICPY. Periods over one year show the average yearly return.
PeriodICPY
Year to date+22.4%
1 month+0.5%
3 months+7.4%
1 year+32.4%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ICPY
YearReturn barICPY
2026 YTD+22.4%
2025+8.9%

History from Sep 10, 2025

ICPY in the news

ETF.net Research hasn’t filed on ICPY yet — coverage lands here as it’s written.

ICPY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.03. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.03

ICPY Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.9%
12 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.34
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ICPY Cost

Expense ratio0.80%
  • The middle half of International Active Value funds
  • Median 0.66%

15 of the 18 International Active Value funds charge less.

ICPY costs $80.00 a year on $10,000. The median International Active Value fund costs $65.50.