2nd Quarter 2008 Commentary
regarding the Tweedy, Browne Funds.
Mid-year 2008 Distribution for the
Tweedy, Browne Worldwide High Dividend Yield Value Fund.
March 31, 2008 Tweedy, Browne
Funds' Investment Adviser Letter and Annual Report.
February 2008 shareholder letter regarding the markets' recent volatility.
Financial Advisor Magazine: "Value's True Believers" - November 2007.
The Tweedy, Browne Global Value Fund will
re-open to new investors on January 2, 2008.
September 30, 2007 Tweedy, Browne
Funds' Investment Adviser Report and Semi-Annual Report.
Final 2007 year-end distributions for Tweedy, Browne Fund Inc.
New Tweedy, Browne Fund:
Tweedy, Browne Worldwide High Dividend Yield Value Fund.
The Tweedy, Browne Value Fund will
re-open to new investors beginning May 15, 2007.
Important Notice Regarding Change
in Investment Policy for the Tweedy, Browne American Value Fund
BusinessWeek: "Not
So Fast, Lord Black" - September 2004
Tweedy, Browne Fund's Market Timing
Policy
Tweedy, Browne makes efforts to
stop market timers
We invite you to browse through our website and learn more about Tweedy,
Browne, our value investment philosophy, our long history and the people who
are Tweedy, Browne. For over eighty years we have been active in the value
investing business. It is our only business and it is how we invest our own
money. As of
March 31, 2008, the current Managing Directors and retired principals and their families, as
well as employees of Tweedy, Browne had more than $670.5
million in portfolios combined with or similar to client portfolios, including
approximately $91.6
million in the Global Fund, $45.1
million in the Value Fund and $6.8 million in the Worldwide High Dividend Yield Value Fund.
We have tried to make
our website informative and encourage you to read about our history and our
investment approach. We believe it is important that our investors and clients
understand who we are and what we do. In "About Tweedy, Browne" you will learn
about our firm, its origins and associations with some of the legends of value
investing such as Benjamin Graham, the "father of value investing". In the
"Investment Philosophy" and "Investment Research & Reports" sections, we
describe in detail our investment principles and provide research papers, and
the annual and semi-annual reports of our mutual funds along with numerous
articles and interviews concerning Tweedy, Browne.
We
welcome your visit and hope you will learn more about investing and our
approach to value. We also welcome your suggestions on how we may improve our
website and better serve you.
Christopher H. Browne
William
H. Browne
John D. Spears
Thomas H. Shrager
Robert Q.
Wyckoff, Jr.
Managing Directors
The information on
this website is intended for U.S. residents only. Tweedy, Browne Global Value
Fund, Tweedy, Browne Value Fund and Tweedy, Browne Worldwide High Dividend
Yield Value Fund are registered only in the United States and the information
on this website does not constitute an offer to sell, or a solicitation of an
offer to purchase the Funds, which are not available to persons outside of the
United States.
Investing in foreign
securities involves additional risks beyond the risks of investing in U.S.
securities markets. These risks include currency fluctuations; political
uncertainty; different accounting and financial standards; different regulatory
environments; and different market and economic factors in various non-U.S.
countries. In addition, the securities of small, less well known companies may
be more volatile than those of larger companies. Please refer to the Funds'
prospectus for a description of risk factors associated with investments in
securities which may be held by the Funds.
To view the
accompanying prospectus please click on the Prospectus icon which appears at
the bottom of the screen. Tweedy, Browne Global Value Fund, Tweedy,
Browne Value Fund and Tweedy, Browne Worldwide High Dividend
Yield Value Fund are distributed by Tweedy, Browne Company LLC, a member
of FINRA and
SIPC .
As reflected herein,
in late 2006 the name of the Tweedy, Browne American Value Fund was changed to
the Tweedy, Browne Value Fund. This website may contain some historic content
that was created before the name change and therefore may still reference the
Fund's name prior to the change in name. Because this material is still thought
to be relevant, it is being maintained on the website in its original
form. All references to the Tweedy, Browne American Value Fund in these
historic documents should now be deemed to refer to the Tweedy, Browne Value
Fund.
Tweedy, Browne Company Business Continuity Plan Summary