Unilever Diageo PLC / Youngone Corp / S Genuine Parts Co A Signet Jewelers Ltd. T / Browne Company LLC / Novartis / 1st Qtr Global Value Fund / Pearson PLC / British American Tobacco / Munich Re A ConocoPhillips A Norfolk Southern Corp / Attribution Summary Equities Top Contributors Federated Investors Inc / Beverage & Tobacco Insurance Henkel KGaA / National Western Life Ins Total Equities / Emerson Electric / Devon Energy / Global Value Fund / Henkel KGaA / Nestle / Coca Cola / SK Telecom / Johnson & Johnson Diageo PLC / ConocoPhillips / Takata Corp T / Samchully T Switzerland Netherlands Germany G4S PLC T / Energy HSBC Holdings S UST Inc. / Value Fund / American Express / Browne Global Value Fund / National Bank Of Canada / Heineken 3M Co. / New York Stock Exchange / Diageo PLC / CNP Assurance Pearson PLC / S&P / S Linde Gestevision Telecinco (Spain) Diageo PLC / Wal-Mart Stores Inc / Akzo Nobel / Tweedy / Browne Worldwide High Dividend Yield Value Fund / Unifirst Corp / Union Pacific / Femsa / Philip Morris / Linde / Smithkline PLC / Purchases & Sales Bottom Contributors 3M Co. / Morningstar Inc. / Nrthrn Santa Fe A Mediaset SpA / Henry Schein Inc / Products Media Top Contributors Equities Federated Investors Inc / Contributors Canon Inc / United States Great Britain Netherlands General Electric Co / Genuine Parts Co / Telegraaf Media Groep T Bottom Contributors Kone Oyj T / Norfolk Southern Corp / AT&T Inc / WW High Dividend Yield Value Fund / BROWNE FUND INC. / Contributors Honda Motor Co. / BROWNE VALUE FUND / Comcast Corp / Worldwide High Dividend Yield Value Fund / Total Fund Henkel KGaA / BBA Aviation / Torchmark Corp / S US Bancorp / Honda Motor Co. / HSBC Holdings / Kone Oyj / Ins Co / ConocoPhillips Kimberly Clark De Mexico Home Depot Telefonica Akzo Nobel ENI SpA / Total Fund Top 20 Holdings / /
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 / /
Currency
USD / /
Event
Reorganization / /
Holiday
New Year's Day / /
IndustryTerm
media holdings / oil and gas holdings / /
MarketIndex
S&P 500 / EAFE / Russell / MSCI EAFE / MSCI World Index Morningstar Fund / S&P 5002 MSCI World / MSCI World / /
Organization
Bank of Canada / PLC ADR / /
Person
Robert Q. Wyckoff / Jr. / Christopher H. Browne William / Thomas H. Shrager John / / /
Position
generally considered representative of U.S. large capitalization stocks / General / Investment Adviser / representative / Adviser / /
ProvinceOrState
New York / /
Region
Australasia / United States Great Britain / South Korea / Far East / /
Microsoft Word - Fund Commentary Q1 2009 FINAL