Netherlands South / Switzerland South / New York / /
Company
General Electric / Kimberly Clark / Browne Company LLC / Pearson PLC / Adris Grupa / Syngenta / Signet Group PLC / USA Glaxosmithkline PLC / Global Value Fund / AIG / UK Mediaset SPA / USA Altria Group Inc / Bausch & Lomb / Wells Fargo & Company / Great American Financial Resources / SK Telecom / Leucadia National Corp / Fraser and Neave LTD / Italy Deutsche Post AG / SAB Miller PLC / Value Fund / Browne Global Value Fund / Axel Springer AG / ABN Amro / General Electric Co / New York Stock Exchange / Diageo PLC / Lloyds TSB Group PLC / Kimberly Clark De Mexico / Freddie Mac / S&P / Browne Funds / Market Value Securities Equities / Coca Cola Femsa / Dollar Thrifty / ALLOCATION OF INVESTMENTS / Germany TOTAL EQUITIES / SK Telecom Co LTD / Wal-Mart Stores Inc / Akzo Nobel / Nestle SA / Tweedy / Browne Worldwide High Dividend Yield Value Fund / Total SA / IGM Financial Inc / Unifirst Corp / United Overseas Bank / Transatlantic Holdings / High Dividend Value Fund / Heineken NV / Unilever PLC / UST / Unilever NV / Sanofi-Aventis SA / Telefonica / Heineken Holding NV / Mediaset SPA / Morningstar Inc. / Russell / UK Masco Corp / Yield Value Fund / Novartis AG / Genuine Parts Co / Cola Femsa / Federated Investors Inc. / Barclays PLC / American Express Co / PNC Financial Services / WW High Dividend Yield Value Fund / France US Bancorp / Trinity Mirror / BROWNE FUND INC. / Browne Value Fund / Kone Corporation / Comcast Corporation / Grolsch / Worldwide High Dividend Yield Value Fund / ING Groep / Home Depot Inc / TWENTY LARGEST HOLDINGS / Torchmark Corp. / American Value Fund / MBIA / USA Reynolds American Inc / Altadis SA / /
Continent
Europe / /
Country
Switzerland / Netherlands / Norway / France / Japan / Canada / Australia / Portugal / Korea / United Kingdom / Finland / Denmark / Germany / Italy / Sweden / New Zealand / Belgium / Austria / United States / Singapore / Spain / Greece / Ireland / /
S&P 500 / EAFE / Russell / MSCI EAFE / Russell 1000 Value / Russell 3000 / MSCI World / /
Organization
Germany BP PLC / Value and High Dividend Fund / Browne Global Value Fund US / High Dividend Fund / Global Value / Value and High Dividend Fund / /
Person
Axel Springer / Robert Q. Wyckoff / Jr. / John D. Spears Thomas / Christopher H. Browne William / William H. Browne John / Thomas H. Shrager Robert / / /
Position
generally considered representative of U.S. large capitalization stocks / representative / generally considered representative of U.S. small capitalization stocks / †The Adviser / Adviser / /
Microsoft Word - Global Value-Value Fund Commentary 4q 2007 FINAL.doc