Nuplex Industries / Tweedy Browne Funds / Browne Company LLC / Novartis / Unilever / Cash Reserves* Currency Hedges Total Fund / British American Tobacco / ABB Ltd / Bangkok Bank / Emerson Electric / Baxter International Sol SpA / Provident Financial / Devon Energy / Philip Morris International / Henkel KGaA / Wells Fargo & Company / Munich Re / Nestle / Coca Cola / SK Telecom / 4th Qtr Global Value Fund / Royal Dutch / Johnson & Johnson Diageo PLC / ConocoPhillips / Berkshire Hathaway / Canon Inc / Axel Springer P Roche Holding A BAE Systems PLC / SCOR / Value Fund / Imperial Tobacco Group / Browne Global Value Fund / Takata / P NGK Spark Plug Co. / Fund Market Value Leucadia National Corp / Sysco Corp / Walmart / Diageo PLC / Wal-Mart Stores Inc / Akzo Nobel / Browne Worldwide High Dividend Yield Value Fund / Market Value Total Equities / Roche Holding / P Ottogi Corporation / United Overseas Bank / Avatar Holdings / Union Pacific / Total Equities Total Fund / Johnson & Johnson / NGK Spark Plug / Femsa / Linde / Fraser & Neave / S G4S PLC / Wal-Mart / Exelon Inc / Mail & General Tst Diageo PLC / Morningstar Inc. / Mediaset / G4S PLC / Global Value Fund II / BAE Systems PLC / Top 20 Holdings / Vodafone Group PLC / Krones / Metcash LTD / WW High Dividend Yield Value Fund / Royal Dutch Shell PLC / Zurich Financial Services / BROWNE FUND INC. / Zurich Financial Services Unilever Nestle Kimberly Clark Corp / Browne Value Fund / Worldwide High Dividend Yield Value Fund / Heineken / Bangkok Bank Public Co. / Kone Oyj / Total Fund Top 20 Holdings / /
Continent
Europe / /
Country
Switzerland / Netherlands / Japan / Canada / Australia / United Kingdom / China / Germany / Italy / United States / Singapore / South Korea / /
Currency
USD / /
Event
Business Partnership / M&A / /
IndustryTerm
insurance / machinery / food / energy / office electronics / pharmaceuticals / beverage / media stocks / consumer finance / healthcare / oil / health care equipment / gas / healthcare stocks / /
MarketIndex
S&P 500 / EAFE / Russell / MSCI EAFE / S&P 5003 Morningstar†Fund / MSCI World / /
Organization
Total Equities Total Fund / PLC ADR / Reserves* Total Fund / Morningstar Fund / Total Fund / /
Person
Axel Springer / Thomas H. Shrager John / William H. Browne Thomas / Robert Q. Wyckoff / Jr. / John D. Spears Robert / / /
Position
Manager of the Year in the United States / Manager of the Year award winners / generally considered representative of U.S. large capitalization stocks / representative / International-Stock Fund Manager / Manager of the Year award / Adviser / /
ProvinceOrState
New York / /
PublishedMedium
Daily Mail / /
Region
Australasia / southern Europe / South Korea / Far East / /
Technology
Information Technology / Industry Sectors Consumer Discretionary Consumer Staples Energy Financials Health Care Industrials Information Technology / /
Microsoft Word - FundCommentaryQ4,Final.doc