YAMHY - Tweedy Browne Fund Q4 2020 Commentary

• Tweedy, Browne Company LLC provides investment advisory services. The Company offers portfolio management, financial planning, and consulting services for individuals, institutions, partnerships, pension and profit-sharing plans, charitable foundations, trusts, and offshore funds. Tweedy, Browne serves investors in the U.S.
• The Tweedy, Browne Funds did not disappoint during the quarter with each of the four Funds producing strong double digit returns.
• Value stocks, in particular, were beneficiaries of the good news, as the prospects for a receding virus helped to fuel expectations for a strong economic recovery sometime in 2021.
• We also added to a number of positions in the Funds’ portfolios, including Alliance Global, Astellas Pharma, CK Huchison, DaliFoods, and Intel.

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