BERWYN FUNDS IN THE NEWS

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.

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).

Barron's, April 20, 2009
An article spanning three pages entitled "A Plan for All Seasons" begins with "The Berwyn Income Fund has an enviable history of being in the right place at the right time. . . . "

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."