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Launched · SEC filings

Tweedy, Browne International Insider + Value ETF

ICPYNYSE ArcaC

$13.01+0.13 (+1.01%)

As of Oct 13, 2026, 3:59 PM

C41/ 100

Rank 14 of 18 in International Active Value

C41/100Rank 14 of 18inInternational Active Value
Intraday session: up, 18 prints from 12.88 to 13.01. Range 12.88 to 13.03. Use the arrow keys to read each point.12.9012.9312.9512.9710 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$77M
1Y total return
+29.2%
Yield · Last 12 months
Data unavailable
Holdings
148
Avg volume · 30D
0M sh
NAV per share
$12.85
52W range
low $9.79high $14.14
Launched
Filings
SEC EDGAR

The ETF.net ICPY Grade

Based on 5 of 6 pillars

C

Score 41 out of 100

Category
International Active Value⁠
Rank
14 of 18
Six-pillar profile for ICPY. Scores out of 100: Cost 15, Risk 88, Mission not scored, Tradability 31, Holdings 71, Durability 42. Strongest: Risk (88). Weakest: Cost (15). Based on 5 of 6 pillars.

Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F15 out of 100
    Rank 15 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A88 out of 100
    Rank 2 of 17

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D31 out of 100
    Rank 17 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A71 out of 100
    Rank 5 of 17

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 12 of 18

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 Oct 12, 2026
Asset class
Stocks
Holdings
148
Top-10 weight
15%
Largest holding
First Resources Ltd2.1%

Geography

  • United Kingdom25.29%
  • Canada12.03%
  • Korea (the Republic of)10.19%
  • France8.47%
  • Spain7.15%
  • Germany6.23%
  • Italy5.14%
  • Japan3.37%
  • Other countries (19)22.14%

Developed 84% · Emerging 16% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 10.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First Resources Ltd2.10%472,550$2M4
002BKT.MCBankinter SA1.65%76,054$1M87
003REP.MCRepsol SA1.61%37,611$1M138
004PEY.TOPeyto Exploration & Development Corp1.49%67,718$1M44
005HAFNHafnia Ltd1.37%98,736$1M7
006005830.KSDB Insurance Co Ltd1.35%7,523$1M85
007086790.KSHana Financial Group Inc1.33%11,097$1M105
008BME.LB&M European Value Retail plc1.32%291,357$1M53
009CCC.LComputacenter PLC1.28%13,502$992K55
010—U.S. Bank Money Market Deposit Account 08/01/20311.25%962,960$963K22
011NORION.STNorion Bank AB1.22%149,855$945K48
012BFSA.DEBefesa SA1.20%23,498$930K47
013PNDORA.COPandora A/S1.20%7,532$927K103
014NA.TONational Bank of Canada1.20%6,671$926K78
0156460.TSega Sammy Holdings Inc1.18%44,500$911K64

Showing 1–15 of 148 holdings

ICPY Performance

Launched Sep 9, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.
ICPY$12,925
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. ICPY $12,925. SPY $12,044. Use the arrow keys to read each point.$9,435$11,597$13,760Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+18.8%
1 month−1.8%
3 months+2.3%
1 year+29.2%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+18.8%
2025+8.9%

History from Sep 10, 2025

ICPY in the news

Filtered to ICPY · International Active Value

ICPY Dividends

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.
12.0%
Annualised · 12 months to Sep 2026
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.
1.88
vs 3-month T-bills · 12 months to Sep 2026
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%
13 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.

Other funds in International Active Value

See others