Italian Bank / Boewe Systec / Altadis / Browne Company LLC / Novartis / ABN Amro Holding / Natuzzi / McLLand Ltd. / MCL Land Ltd. / MBIA Inc. / Volkswagen / Wells Fargo & Co / Maffei / Nestle / Sika AG / Leucadia Natl Corp / Lebon / Berkshire Hathaway / Wal-mart Stores / Pfizer Inc. / Browne Global Value Fund / American Express / ABN Amro / Nexans / Stork / Randstad / New York Stock Exchange / Barclays / Diageo PLC / Freddie MAC / S&P / Sanofi / Browne American Value Fund 1st Quarter 2006 Global / Swire Pacific / Market Value Securities Equities / Browne American Value Fund / Popular Inc / ALLOCATION OF INVESTMENTS / Meito Sangyo / Akzo Nobel / Imtech NV / Transatlantic Holdings / TKH Group NV / Amatsuji Steel Ball / Heineken NV / Aventis / Robinson Company Ltd. / Federated Investors / Wal-mart / Morningstar Inc. / Porsche AG / Russell / Comcast / Grupo Aeroporuario / PNC Financial Services Group / Unifirst / Netherlands Switzerland TOTAL EQUITIES / PNC Financial Services / BROWNE FUND INC. / Kone Corp / TWENTY LARGEST HOLDINGS / Torchmark Corp. / /
Continent
Europe / /
Country
Netherlands / Canada / United Kingdom / Finland / Denmark / Germany / Croatia / Belgium / United States / Singapore / Ireland / Czech Republic / /
Currency
USD / /
Event
M&A / Funding / Delayed Filing / Business Partnership / Employment Change / Name Change / /
IndustryTerm
paper/mail machines / television broadcaster / media holdings / food / energy exposure / real estate / real estate investment / machine manufacturing / airport operator / pharmaceutical and industrial holdings / retail department store operator / porcelin products / /
MarketIndex
S&P 500 / EAFE / MSCI EAFE / Russell 1000 Value / Russell 3000 / Morningstar Domestic Stock Funds / /
Organization
Global Value Fund US / Bank of Canada / /
Person
Axel Springer / Robert Q. Wyckoff / Jr. / Yogi Berra / John D. Spears Thomas / Warren Buffett / Ferdinand Piech / Christopher H. Browne William / William H. Browne John / Thomas H. Shrager Robert / / /
Position
generally considered representative of U.S. large capitalization stocks / Investment Manager / representative / generally considered representative of U.S. small capitalization stocks / Chairman / member / /
Microsoft Word - Global-American Value Fund Commentary[removed]doc