Our Philosophy

OUR INVESTMENT SELECTION PROCESS

The first part of the process is to screen potential candidates using such financial criteria as the price-to-book ratio, price-to-earnings ratio, price-to-cash flow ratio and other valuation metrics.

The next series of procedures involves in-depth analysis of the company and an assessment of the industry in which it operates. What are the barriers to entry, growth prospects and competitive climate?

The third part of the process involves an analysis of the candidate's management team, its strategic business plan and its likelihood of success.

Once the prospective investment candidate has been endorsed by The Killen Group's Investment Committee, an attractive entry point for purchasing the security is determined by a combination of technical and fundamental analyses.


	BERWYN FUND	BERWYN INCOME FUND	BERWYN CORNERSTONE FUND

			A MESSAGE
ABOUT THE FUNDS/HOME OUR PHILOSOPHY PRICE & PERFORMANCE LOGIN FOR EXISTING SHAREHOLDERS LITERATURE DIVIDENDS & SHAREHOLDER INFORMATION ADVISOR NEWS & COMMENTARY CONTACT US	OUR INVESTMENT SELECTION PROCESS ...is a multi-step process, with each step soundly based on time-tested value principles. The first part of the process is to screen potential candidates using such financial criteria as the price-to-book ratio, price-to-earnings ratio, price-to-cash flow ratio and other valuation metrics. The next series of procedures involves in-depth analysis of the company and an assessment of the industry in which it operates. What are the barriers to entry, growth prospects and competitive climate? The third part of the process involves an analysis of the candidate's management team, its strategic business plan and its likelihood of success. Once the prospective investment candidate has been endorsed by The Killen Group's Investment Committee, an attractive entry point for purchasing the security is determined by a combination of technical and fundamental analyses.		INTENSE RESEARCH PROCESS UNDERVALUED STOCKS OUT OF FAVOR INDUSTRIES DIVERSIFIED PORTFOLIO HIGH REWARD-TO-RISK POTENTIAL LONG-TERM HORIZON For additional information regarding our funds, including the objectives, risks and investment strategies, please read The Berwyn Funds Prospectus found in the Literature section of this website.