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Both the financial and general media often cover and discuss activities pertaining to The Berwyn Funds. We like to share these with our visitors, as well as other commentary of a general interest to investors.
Berwyn
Cornerstone Fund Lowers Its Expense Cap
Effective July 1, 2010, the Fund's Advisor has contractually agreed until
at least May 1, 2012 to cap Fund expenses at 1.25% of the Fund's average
daily net assets. The cap had previously been 2.0%. Refer to the Prospectus
link on our Literature
page for full details.
The
excerpts from the various publications are for informational purposes
only and should not be used or construed as an offer to sell, a solicitation
of an offer to buy, or a recommendation for any security. There is no
guarantee that the information supplied is accurate, complete, or timely,
nor are there any warranties with regard to the results obtained from
its use.
Past performance is not a guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For performance information current to
the most recent month end please visit the “Price and Performance” section of the website.
Total returns include the reinvestment of all dividends, interest and other
distributions, compounded daily. Returns for The Berwyn Funds are before taxes and net of all advisory and commission charges. Three year, five year and ten year returns are annualized.
An investor should consider each fund's investment objectives, risks, charges and expenses before investing. The fund's prospectus contains this and other relevant information, and should be read carefully before investing. A prospectus may be downloaded from the Fund Literature page of this Web site, or by calling the following toll-free number: 1-800-992-6757.
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The following
is a summary of recent media coverage and
comments which may be of interest to our visitors:
Morningstar
QuickTake Report
June 16, 2010
Analyst Greg Carlson's commentary entitled "This Small Fund Strikes
a Distinctive Profile" notes that: "In tough times, [Berwyn Fund]
management's modestly cautious approach has generally balanced out
the added downside risk of very small firms, [and] the team's healthy
contrarian streak has led it to scoop up beaten-down firms near
market bottoms, leading to winning performance in upturns. All told,
its record is quite good."
Morningstar's
Take
December 16, 2009
Morningstar states that Berwyn Fund "generates fine risk-adjusted
returns" and calls the fund "a sensible choice." Analyst Greg
Carlson adds: "This fund holds substantial appeal. Three of its
four managers have been with the firm for at least a decade, and
since Lee Grout became a co-manager in 2001 and led a revamp of
its approach, the fund has bested 80% of its small-value peers.
It's a keeper."
SmartMoney.com
May 22, 2009
In a piece entitled "A Lone Fund Shines at Investing in Tiny Firms,"
author Rob Wherry looked at 127 funds with a median market cap
below $500 million and had "top-tier performance track records
over the trailing three- and five-year time periods and also charged
low annual fees." That left him with just one fund, Berwyn (BERWX).
Morningstar.com
April 15, 2009
Berwyn Fund is one of four mutual funds listed in a piece entitled
"Small-Value Funds Thriving in the Rebound." Fund analyst Greg
Carlson attempts to "identify small-value funds with experienced
skippers that are both benefiting from the rebound and have navigated
the turbulent markets of the past five years with aplomb."
The
Wall Street Transcript
March 9, 2009
Features a long interview with co-fund manager Robert E. Killen,
during which he discusses investment philosophy and his view of
certain stocks.
Bloomberg.com
December 11, 2008
Robert E. Killen appeared on Bloomberg TV. Bob spoke about the
Berwyn Fund's investment strategy and the appeal of so-called
microcap stocks.
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US
News & World Report (Online)
June 9, 2010
In a piece
entitled "Ease Back Into Stocks With These Funds," author Ben Baden
notes: "Over the past 10 years, the [Berwyn Income] fund has returned
about 9 percent, on average, which places it in the top 1 percent
of its category."
Louis
Rukeyser's Wall Street
April, 2010
In
the course of a full-page article, columnist Peter Staas states:
"Berwyn Income's (BERIX) experienced management team leveraged
its flexible investment mandate to take advantage of the market's
extreme irrationality over the past two years and generate impressive
profits for its investors."
Morningstar
Quicktake Report
February 16, 2010
Analyst
Greg Carlson writes: "The [Berwyn Income] fund has walloped its
conservative-allocation rivals in recent years, including the
October 2007-March 2009 bear market and the ensuing rally," and
concludes "Role in Portfolio: Core."
Smart
Money
March 2010 Issue
In
its "Award Winning Funds" piece, the magazine names Berwyn Income
Fund as its winner in the Balanced Fund category. "This year we
used a fund's five-year track record as the primary hurdle. Using
data from Morningstar, we identified 15 of the best mutual funds."
Kiplinger's
Personal Finance
September 2009 Issue
In the
article "And the Leaders Are...," Berwyn Income Fund appears among
the top ten Hybrid Fund performers in the 1-year, 3-year, 5-year
and 10-year lists.
Morningstar
Reports
August 27, 2009
Greg
Carlson's analysis headed "Despite a Change at the Top, We're
as Confident As Ever in Berwyn Income" states that "It [BIF] held
up far better than its typical rival in equities' downturn from
Oct. 9, 2007, through March 9, 2009, and has since outpaced most
of its rivals in the rally. We'd chalk that success up to security
selection and the team's conviction."
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