Tweedy, Browne Insider + Value ETF

Frequently Asked Questions About COPY

What does COPY invest in?

The fund is an actively-managed ETF and pursues its investment objective by investing under normal circumstances at least 80% of its net assets in equity securities of U.S. and non-U.S. companies that Tweedy, Browne Company LLC 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.”

What is the expense ratio of COPY?

Tweedy, Browne Insider + Value ETF (COPY) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations.

What is COPY's distribution yield?

COPY's trailing-twelve-month yield is 0.80%, calculated from the sum of distributions over the past year divided by the current price.

How does COPY's covered-call strategy work?

COPY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is COPY?

Tweedy, Browne Insider + Value ETF (COPY) manages $314.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is COPY actively managed or an index fund?

COPY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.