Tweedy, Browne Fund Commentary Q3 2018

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Includes: AXELF, AXSPY, AZO, BLLRF, BOLRF, BRK.A, BRK.B, COP, CSCO, DVN, EMR, IHCPF, IHCPY, INCPY, JNJ, NVS, RHHBF, RHHBY, SAFRF, SAFRY, SBBTF, SHPG, SHPGF, SINA, TKFTF, TKFTY, TOT, WPP, ZFSVF, ZURVY
by: Fund Letters
Summary

Tweedy, Browne is a $13.5 billion investment partnership based on the Graham-Dodd approach to value investing.

The Tweedy, Browne Funds continued to make financial progress in this dichotomous environment, but have been held back somewhat by their significant underweight in U.S. equities.

In comparison to benchmark indices, the Funds’ results were mixed.