The New York Times
January 7, 2012
New York Times business reporter Tim Gray mentions Berwyn Fund as one of three of the "better-performing mutual funds" in 2011's fourth quarter.

Money.USNews.Com
June 1, 2011
In an online piece entitled "50 Best Funds for the Everyday Investor," Berwyn Fund is ranked at the top of its category, and is also featured in a slideshow at the page's link to "11 Funds That Top Their Category."

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."

Reuters Money
August 17, 2011
In a blog entitled "'Sleep Well' Funds: Where to Invest for a Good Night's Rest," guest poster Lawrence Carrel, contributing editor at Kiplinger Personal Finance, asks, "what if you could find a mutual fund that managed risk by significantly reducing losses in a down market, that could also capture profits when the market rallied?" His answer includes Berwyn Income Fund, one of only three funds listed.

Morningstar QuickTake Report
August 27, 2010
In his report headed: "This fund is becoming popular," analyst Greg Carlson notes that "the fund's experienced management team, proven approach, and modest costs make it a fine long-term holding."

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."