0000894189-13-000762.txt : 20130208 0000894189-13-000762.hdr.sgml : 20130208 20130208132251 ACCESSION NUMBER: 0000894189-13-000762 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130208 DATE AS OF CHANGE: 20130208 EFFECTIVENESS DATE: 20130208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRANDYWINE FUND INC CENTRAL INDEX KEY: 0000780253 IRS NUMBER: 510290734 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-04447 FILM NUMBER: 13585959 BUSINESS ADDRESS: STREET 1: P.O. BOX 4166 CITY: GREENVILLE STATE: DE ZIP: 19807-0166 BUSINESS PHONE: 8006563017 MAIL ADDRESS: STREET 1: P.O. BOX 4166 CITY: GREENVILLE STATE: DE ZIP: 19807-0166 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRANDYWINE FUND INC CENTRAL INDEX KEY: 0000780253 IRS NUMBER: 510290734 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-01182 FILM NUMBER: 13585960 BUSINESS ADDRESS: STREET 1: P.O. BOX 4166 CITY: GREENVILLE STATE: DE ZIP: 19807-0166 BUSINESS PHONE: 8006563017 MAIL ADDRESS: STREET 1: P.O. BOX 4166 CITY: GREENVILLE STATE: DE ZIP: 19807-0166 0000780253 S000000825 BRANDYWINE FUND C000002440 BRANDYWINE FUND BRWIX 485BPOS 1 brandywine_485b-xbrl.htm POST EFFECTIVE AMENDMENT FOR XBRL brandywine_485b-xbrl.htm

As filed with the Securities and Exchange Commission on February 8, 2013
1933 Act Registration No. 033-01182
 1940 Act File No. 811-04447



SECURITIES AND EXCHANGE COMMISSION
Washington D.C.  20549
___________________________________
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933S
Pre-Effective Amendment No.        £
Post-Effective Amendment No.   32   S
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940S
Amendment No. 33  S
(Check appropriate box or boxes.)
 
               BRANDYWINE FUND, INC.             
(Exact Name of Registrant as Specified in Charter)
   
P.O. Box 4166
 
              Greenville, Delaware            
   19807 
(Address of Principal Executive Offices)
(Zip Code)
   
                           (302) 656-3017                          
(Registrant’s Telephone Number, including Area Code)
   
 
Copy to:
 
Richard L. Teigen
William F. D’Alonzo
Foley & Lardner LLP
3711 Kennett Pike
777 East Wisconsin Avenue
           Greenville, Delaware  19807          
Milwaukee, Wisconsin 53202
(Name and Address of Agent for Service)
 


Approximate Date of Proposed Public Offering:  As soon as practicable after the Registration Statement becomes effective.

It is proposed that this filing become effective (check appropriate box):

T           immediately upon filing pursuant to paragraph (b)
 
£           on (date) pursuant to paragraph (b)
 
£           60 days after filing pursuant to paragraph (a) (1)
 
£           on (date) pursuant to paragraph (a) (1)
 
£           75 days after filing pursuant to paragraph (a) (2)
 
£           on (date) pursuant to paragraph (a) (2) of Rule 485
 
If appropriate, check the following box:

£  
this post-effective amendment designates a new effective date for a previously filed post-effective amendment.
 
 
This Post-Effective Amendment (“PEA”) No. 32 to the Registration Statement on Form N-1A of Brandywine Fund, Inc. (the “Company”) hereby incorporates Parts A, B and C from the Company’s PEA No. 31 on Form N-1A filed January 31, 2013.  This PEA No. 32 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 31 to the Company’s Registration Statement.

 
 

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Amended Registration Statement under Rule 485(b) under the Securities Act and has duly caused this Amended Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Wilmington and State of Delaware on the 8th day of February, 2013.
 
 
BRANDYWINE FUND, INC.
 
(Registrant)
   
   
 
By:  /s/ William F. D’Alonzo                  
 
       William F. D’Alonzo, President

Pursuant to the requirements of the Securities Act of 1933, this Amended Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
 
Name
 
Title
 
Date
         
/s/ William F. D’Alonzo                   
 
Principal Executive
   
William F. D’Alonzo
 
Officer and Director
 
February 8, 2013
         
         
/s/ J. Gordon Kaiser*                          
 
Principal Financial and
 
February 8, 2013
J. Gordon Kaiser
 
Accounting Officer
   
         
         
/s/ Charles Quentin Sweeting Jackson*  
 
Director
 
February 8, 2013
Charles Quentin Sweeting Jackson
       
         
         
/s/ Stuart A. McFarland*                                                          
 
Director
 
February 8, 2013
Stuart A. McFarland
       
         
         
/s/ Stephen M. Wynne*                 
 
Director
 
February 8, 2013
Stephen M. Wynne
       
         
         
/s/ Thomas D Wren*                        
 
Director
 
February 8, 2013
Thomas D Wren
       
         
         
/s/ James W. Zug*                                 
 
Director
 
February 8, 2013
James W. Zug
       
         
 *By:
/s/ William F. D’Alonzo                                                                        
       
William F. D’Alonzo
Attorney-In Fact pursuant to
Power of Attorney
       
         
 
 
 

 
 
 EXHIBIT INDEX

Exhibit
Exhibit No.
Instance Document
EX-101.INS
Schema Document
EX-101.SCH
Calculation Linkbase Document
EX-101.CAL
Definition Linkbase Document
EX-101.DEF
Label Linkbase Document
EX-101.LAB
Presentation Linkbase Document
EX-101.PRE

 
 
 
 

 
 
 

EX-101.INS 2 ck0000780253-20130131.xml INSTANCE DOCUMENT 0000780253 2012-09-30 2012-09-30 0000780253 ck0000780253:S000000825Member ck0000780253:S000000825Member 2012-09-30 2012-09-30 0000780253 ck0000780253:S000000825Member ck0000780253:S000000825Member ck0000780253:C000002440Member 2012-09-30 2012-09-30 0000780253 ck0000780253:S000000825Member ck0000780253:S000000825Member rr:AfterTaxesOnDistributionsMember ck0000780253:C000002440Member 2012-09-30 2012-09-30 0000780253 ck0000780253:S000000825Member ck0000780253:S000000825Member rr:AfterTaxesOnDistributionsAndSalesMember ck0000780253:C000002440Member 2012-09-30 2012-09-30 0000780253 ck0000780253:S000000825Member ck0000780253:S000000825Member ck0000780253:index_SP_500_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2012-09-30 2012-09-30 0000780253 ck0000780253:S000000825Member ck0000780253:S000000825Member ck0000780253:index_Russell_3000_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2012-09-30 2012-09-30 0000780253 ck0000780253:S000000825Member ck0000780253:S000000825Member ck0000780253:index_Russell_3000_Growth_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2012-09-30 2012-09-30 xbrli:pure iso4217:USD BRANDYWINE FUND INC 485BPOS false 0000780253 2012-09-30 2013-01-31 2013-01-31 2013-01-31 BRANDYWINE FUND BRWIX Fees and Expenses of the Fund <div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This table describes the fees and expenses that you may pay if you buy and hold shares of the Brandywine Fund.</font> </div> 0.0000 0.0000 0.0000 0.0000 0.00 0.0100 0.0000 0.0008 0.0108 ~ http://bradywinefunds.com/20130131/role/ScheduleShareholderFees20001 column dei_LegalEntityAxis compact ck0000780253_S000000825Member row primary compact * ~ ~ http://bradywinefunds.com/20130131/role/ScheduleAnnualFundOperatingExpenses20002 column dei_LegalEntityAxis compact ck0000780253_S000000825Member row primary compact * ~ Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) (transfer agent charge of $15 for each wire redemption) Shareholder Fees (fees paid directly from your investment) Principal Investment Strategies <div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Brandywine Fund invests principally in common stocks of U.S. companies and, to a lesser extent, in equity securities of foreign issuers, usually those that are publicly traded in the United States either directly or through American Depositary Receipts (&#8220;ADRs&#8221;).&#160;&#160;The Fund is not subject to a percentage limit with regard to its investment in foreign issuers.&#160;&#160;In addition to common stocks and ADRs , equity securities in which the Fund may invest include preferred stocks, convertible securities, and rights.&#160;&#160; The Fund utilizes a fundamentals-driven, company-by-company investment approach that is based on the belief that you should invest in individual businesses, not in the stock market.&#160;&#160; It will invest in companies in a broad range of industries and generally focuses on companies whose earnings under normal economic conditions are growing by at least 20% per year and whose stocks sell at reasonable price-to-earnings ratios.&#160;&#160;The Fund targets fundamentally sound companies of all sizes that are experiencing positive change.</font> </div> <br/><div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Fund employs a firm sell discipline.&#160;&#160;The Fund will sell a stock:</font> </div> <br/><div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="display: inline; font-size: 10pt; font-family: Wingdings;">n</font>&#160;&#160;&#160;&#160;With deteriorating fundamentals such as contracting margins or reduced revenue growth</font> </div> <br/><div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="display: inline; font-size: 10pt; font-family: Wingdings;">n</font>&#160;&#160;&#160;&#160;When investor expectations have become unrealistically high</font> </div> <br/><div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="display: inline; font-size: 10pt; font-family: Wingdings;">n</font>&#160;&#160;&#160;&#160;When it finds a better investment</font> </div> <br/><div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">While this sell discipline is likely to cause the Fund to have an annual portfolio turnover rate that may exceed 200%, it also causes the Fund to keep seeking better investment alternatives.</font> </div> Performance <div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The bar chart and table that follow provide some indication of the risks of investing in Brandywine Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how its average annual returns over 1, 5 and 10 years compare with those of the S&amp;P 500<font style="DISPLAY: inline; 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(Total return per calendar year) 0.3146 0.1311 0.1439 0.1109 0.2180 -0.4450 0.0862 0.2111 -0.1604 0.0525 ~ http://bradywinefunds.com/20130131/role/ScheduleAnnualTotalReturnsBarChart20004 column dei_LegalEntityAxis compact ck0000780253_S000000825Member row primary compact * ~ highest total return 0.2062 2010-12-31 lowest total return -0.2498 2011-09-30 <div style="TEXT-INDENT: 0pt; DISPLAY: block"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt">Note:&#160;&#160;During the 10-year period shown on the bar chart, the Fund&#8217;s highest total return for a quarter was 20.62% (quarter ended December 31, 2010) and the lowest total return for a quarter was -24.98% (quarter ended</font> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">September 30, 2011).</font></font> </div> 0.0525 -0.0839 0.0403 0.0525 -0.0842 0.0372 0.0341 -0.0694 0.0351 0.1600 0.0166 0.0710 0.1642 0.0204 0.0768 0.1521 0.0315 0.0769 ~ http://bradywinefunds.com/20130131/role/ScheduleAverageAnnualReturnsTransposed20005 column dei_LegalEntityAxis compact ck0000780253_S000000825Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The after-tax returns above were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.&#160;&#160;Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown.&#160; &#160;After -tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.&#160;&#160;The Fund&#8217;s &#8220;Return after taxes on distributions and sale of Fund shares&#8221; may be higher than its returns before taxes and after taxes on distributions because it may include a tax benefit resulting from the capital losses that would have been incurred.</font> </div> The after-tax returns above were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. The bar chart and table that follow provide some indication of the risks of investing in Brandywine Fund by showing changes in the Fund's performance from year to year and by showing how its average annual returns over 1, 5 and 10 years compare with those of the S&P 500, Russell 3000 and Russell 3000 Growth Indexes. Please be aware that past performance (before and after taxes) is not necessarily an indication of future performance. (reflects no deduction for fees, expenses, or taxes) The Fund's "Return after taxes on distributions and sale of Fund shares" may be higher than its returns before taxes and after taxes on distributions because it may include a tax benefit resulting from the capital losses that would have been incurred. www.brandywinefunds.com Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After -tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Average Annual Total Returns (for the periods ended December 31, 2012 ) Principal Investment Risks <div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There is a risk that you could lose all or a portion of your money on your investment in Brandywine Fund.&#160;&#160;This risk may increase during times of significant market volatility.&#160;&#160;The following additional risks could affect the value of your investment:</font> </div> <br/><table border="0" cellpadding="0" cellspacing="0" id="hangingindent-0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: right; WIDTH: 27pt"> <div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="display: inline; font-size: 10pt; font-family: Wingdings;">n</font></font> </div> </td> <td style="TEXT-ALIGN: justify; TEXT-INDENT: 9pt"> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Market Risk</font> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8211;</font> The prices of the stocks and ADRs in which the Fund invests may decline for a number of reasons.&#160;&#160;These reasons include factors that may be specific to one or more stocks in which the Fund invests as well as factors that affect the equity securities markets generally.&#160;&#160;The price declines may be steep, sudden and/or prolonged.</font> </div> </td> </tr> </table> <br/><table border="0" cellpadding="0" cellspacing="0" id="hangingindent-1" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: right; WIDTH: 27pt"> <div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="display: inline; font-size: 10pt; font-family: Wingdings;">n</font></font> </div> </td> <td style="TEXT-ALIGN: justify; TEXT-INDENT: 9pt"> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Foreign Security Risk</font> &#8211; Investments in foreign securities, even though publicly traded in the United States, may involve risks in addition to those inherent in domestic investments.&#160;&#160;Foreign companies may not be subject to regulatory requirements comparable to those of U.S. companies and, as a consequence, there may be less publicly available information about such companies.&#160;&#160;Also, foreign companies may not be subject to uniform accounting, auditing and financial reporting standards and requirements comparable to those applicable to U.S. companies.</font> </div> </td> </tr> </table> <br/><table border="0" cellpadding="0" cellspacing="0" id="hangingindent-2" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: right; WIDTH: 27pt"> <div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="display: inline; font-size: 10pt; font-family: Wingdings;">n</font></font> </div> </td> <td style="TEXT-ALIGN: justify; TEXT-INDENT: 9pt"> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Portfolio Turnover Risk</font> &#8211; High portfolio turnover necessarily results in greater transaction costs, such as brokerage commissions, which the Fund must pay, and short-term capital gains (or losses) to investors.&#160;&#160;Greater transaction costs may reduce Fund performance.&#160;&#160;Distributions to shareholders of short-term capital gains are taxed as ordinary income under current federal income tax laws.</font> </div> </td> </tr> </table> <br/><table border="0" cellpadding="0" cellspacing="0" id="hangingindent-3" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: right; WIDTH: 27pt"> <div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="display: inline; font-size: 10pt; font-family: Wingdings;">n</font></font> </div> </td> <td style="TEXT-ALIGN: justify; TEXT-INDENT: 9pt"> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Mid-Cap Company Risk</font> &#8211; There is a risk that the securities of mid-capitalization companies may have limited liquidity and greater price volatility than securities of large- capitalization companies, which can negatively affect the Fund&#8217;s ability to sell these securities at quoted market prices.</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Fund is a suitable investment only for those investors who have long-term investment goals such as investing for retirement.&#160;&#160;If you are uncomfortable with an investment that will fluctuate in value, the Fund may not be the right choice for you.</font> </div> There is a risk that you could lose all or a portion of your money on your investment in Brandywine Fund. Example <div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</font> </div> <br/><div align="justify" style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.&#160;&#160;The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same.</font></div> 110 343 595 1317 ~ http://bradywinefunds.com/20130131/role/ScheduleExpenseExampleTransposed20003 column dei_LegalEntityAxis compact ck0000780253_S000000825Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your costs would be: Investment Objective <div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Brandywine Fund seeks capital appreciation.</font> </div> Portfolio Turnover <div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio).&#160;&#160;A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.&#160;&#160;These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance.&#160;&#160;During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 256 % of the average value of its portfolio.</font> </div> 2.56 EX-101.SCH 3 ck0000780253-20130131.xsd SCHEMA DOCUMENT 000001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 020000 - Document - Risk/Return Summary {Unlabeled} - BRANDYWINE FUND link:presentationLink link:definitionLink link:calculationLink 020001 - Schedule - Shareholder Fees link:presentationLink link:definitionLink link:calculationLink 020002 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020003 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020004 - Schedule - Annual Total Returns [Bar Chart] link:presentationLink link:definitionLink link:calculationLink 020005 - Schedule - Average Annual Returns {Transposed} link:presentationLink link:definitionLink link:calculationLink 020006 - Disclosure - Risk/Return Detail Data {Elements} - BRANDYWINE FUND link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 4 ck0000780253-20130131_cal.xml CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 ck0000780253-20130131_def.xml DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 ck0000780253-20130131_lab.xml LABEL LINKBASE DOCUMENT EX-101.PRE 7 ck0000780253-20130131_pre.xml PRESENTATION LINKBASE DOCUMENT XML 8 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Jan. 31, 2013
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading BRANDYWINE FUND
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
Brandywine Fund seeks capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
This table describes the fees and expenses that you may pay if you buy and hold shares of the Brandywine Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance.  During the most recent fiscal year, the Fund’s portfolio turnover rate was 256 % of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 256.00%
Expenses Explanation of Nonrecurring Account Fee [Text] rr_ExpensesExplanationOfNonrecurringAccountFee (transfer agent charge of $15 for each wire redemption)
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.  The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
Brandywine Fund invests principally in common stocks of U.S. companies and, to a lesser extent, in equity securities of foreign issuers, usually those that are publicly traded in the United States either directly or through American Depositary Receipts (“ADRs”).  The Fund is not subject to a percentage limit with regard to its investment in foreign issuers.  In addition to common stocks and ADRs , equity securities in which the Fund may invest include preferred stocks, convertible securities, and rights.   The Fund utilizes a fundamentals-driven, company-by-company investment approach that is based on the belief that you should invest in individual businesses, not in the stock market.   It will invest in companies in a broad range of industries and generally focuses on companies whose earnings under normal economic conditions are growing by at least 20% per year and whose stocks sell at reasonable price-to-earnings ratios.  The Fund targets fundamentally sound companies of all sizes that are experiencing positive change.

The Fund employs a firm sell discipline.  The Fund will sell a stock:

n    With deteriorating fundamentals such as contracting margins or reduced revenue growth

n    When investor expectations have become unrealistically high

n    When it finds a better investment

While this sell discipline is likely to cause the Fund to have an annual portfolio turnover rate that may exceed 200%, it also causes the Fund to keep seeking better investment alternatives.
Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
There is a risk that you could lose all or a portion of your money on your investment in Brandywine Fund.  This risk may increase during times of significant market volatility.  The following additional risks could affect the value of your investment:

n
Market Risk The prices of the stocks and ADRs in which the Fund invests may decline for a number of reasons.  These reasons include factors that may be specific to one or more stocks in which the Fund invests as well as factors that affect the equity securities markets generally.  The price declines may be steep, sudden and/or prolonged.

n
Foreign Security Risk – Investments in foreign securities, even though publicly traded in the United States, may involve risks in addition to those inherent in domestic investments.  Foreign companies may not be subject to regulatory requirements comparable to those of U.S. companies and, as a consequence, there may be less publicly available information about such companies.  Also, foreign companies may not be subject to uniform accounting, auditing and financial reporting standards and requirements comparable to those applicable to U.S. companies.

n
Portfolio Turnover Risk – High portfolio turnover necessarily results in greater transaction costs, such as brokerage commissions, which the Fund must pay, and short-term capital gains (or losses) to investors.  Greater transaction costs may reduce Fund performance.  Distributions to shareholders of short-term capital gains are taxed as ordinary income under current federal income tax laws.

n
Mid-Cap Company Risk – There is a risk that the securities of mid-capitalization companies may have limited liquidity and greater price volatility than securities of large- capitalization companies, which can negatively affect the Fund’s ability to sell these securities at quoted market prices.

The Fund is a suitable investment only for those investors who have long-term investment goals such as investing for retirement.  If you are uncomfortable with an investment that will fluctuate in value, the Fund may not be the right choice for you.
Risk Lose Money [Text] rr_RiskLoseMoney There is a risk that you could lose all or a portion of your money on your investment in Brandywine Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
The bar chart and table that follow provide some indication of the risks of investing in Brandywine Fund by showing changes in the Fund’s performance from year to year and by showing how its average annual returns over 1, 5 and 10 years compare with those of the S&P 500®, Russell 3000® and Russell 3000® Growth Indexes.   For a description of the indexes, please see “Index Descriptions” on page 17.   Updated performance is available on the Fund’s website , www.brandywinefunds.com.  Please be aware that past performance (before and after taxes) is not necessarily an indication of future performance.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow provide some indication of the risks of investing in Brandywine Fund by showing changes in the Fund's performance from year to year and by showing how its average annual returns over 1, 5 and 10 years compare with those of the S&P 500, Russell 3000 and Russell 3000 Growth Indexes.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.brandywinefunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Please be aware that past performance (before and after taxes) is not necessarily an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Brandywine Fund, Inc. (Total return per calendar year)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Note:  During the 10-year period shown on the bar chart, the Fund’s highest total return for a quarter was 20.62% (quarter ended December 31, 2010) and the lowest total return for a quarter was -24.98% (quarter ended September 30, 2011).
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest total return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 20.62%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest total return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.98%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate The after-tax returns above were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After -tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher The Fund's "Return after taxes on distributions and sale of Fund shares" may be higher than its returns before taxes and after taxes on distributions because it may include a tax benefit resulting from the capital losses that would have been incurred.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
The after-tax returns above were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on an investor’s tax situation and may differ from those shown.   After -tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.  The Fund’s “Return after taxes on distributions and sale of Fund shares” may be higher than its returns before taxes and after taxes on distributions because it may include a tax benefit resulting from the capital losses that would have been incurred.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (for the periods ended December 31, 2012 )
S&P 500 Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 16.00%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.66%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.10%
Russell 3000 Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 16.42%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.04%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.68%
Russell 3000 Growth Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 15.21%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 3.15%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.69%
BRANDYWINE FUND
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (transfer agent charge of $15 for each wire redemption) rr_RedemptionFeeOverRedemption none
Exchange Fee rr_ExchangeFee none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.08%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.08%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 110
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 343
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 595
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,317
Annual Return 2003 rr_AnnualReturn2003 31.46%
Annual Return 2004 rr_AnnualReturn2004 13.11%
Annual Return 2005 rr_AnnualReturn2005 14.39%
Annual Return 2006 rr_AnnualReturn2006 11.09%
Annual Return 2007 rr_AnnualReturn2007 21.80%
Annual Return 2008 rr_AnnualReturn2008 (44.50%)
Annual Return 2009 rr_AnnualReturn2009 8.62%
Annual Return 2010 rr_AnnualReturn2010 21.11%
Annual Return 2011 rr_AnnualReturn2011 (16.04%)
Annual Return 2012 rr_AnnualReturn2012 5.25%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.25%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 (8.39%)
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 4.03%
BRANDYWINE FUND | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.25%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 (8.42%)
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.72%
BRANDYWINE FUND | After Taxes on Distributions and Sale of Fund shares
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.41%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 (6.94%)
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.51%

XML 12 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
BRANDYWINE FUND | BRANDYWINE FUND
BRANDYWINE FUND
Investment Objective
Brandywine Fund seeks capital appreciation.
Fees and Expenses of the Fund
This table describes the fees and expenses that you may pay if you buy and hold shares of the Brandywine Fund.
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees (USD $)
BRANDYWINE FUND
Maximum Sales Charge (Load) Imposed on Purchases none
Maximum Deferred Sales Charge (Load) none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Distributions none
Redemption Fee (transfer agent charge of $15 for each wire redemption) none
Exchange Fee none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
BRANDYWINE FUND
Management Fees 1.00%
Distribution and/or Service (12b-1) Fees none
Other Expenses 0.08%
Total Annual Fund Operating Expenses 1.08%
Example
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.  The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example (USD $)
1 Year
3 Years
5 Years
10 Years
BRANDYWINE FUND
110 343 595 1,317
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance.  During the most recent fiscal year, the Fund’s portfolio turnover rate was 256 % of the average value of its portfolio.
Principal Investment Strategies
Brandywine Fund invests principally in common stocks of U.S. companies and, to a lesser extent, in equity securities of foreign issuers, usually those that are publicly traded in the United States either directly or through American Depositary Receipts (“ADRs”).  The Fund is not subject to a percentage limit with regard to its investment in foreign issuers.  In addition to common stocks and ADRs , equity securities in which the Fund may invest include preferred stocks, convertible securities, and rights.   The Fund utilizes a fundamentals-driven, company-by-company investment approach that is based on the belief that you should invest in individual businesses, not in the stock market.   It will invest in companies in a broad range of industries and generally focuses on companies whose earnings under normal economic conditions are growing by at least 20% per year and whose stocks sell at reasonable price-to-earnings ratios.  The Fund targets fundamentally sound companies of all sizes that are experiencing positive change.

The Fund employs a firm sell discipline.  The Fund will sell a stock:

n    With deteriorating fundamentals such as contracting margins or reduced revenue growth

n    When investor expectations have become unrealistically high

n    When it finds a better investment

While this sell discipline is likely to cause the Fund to have an annual portfolio turnover rate that may exceed 200%, it also causes the Fund to keep seeking better investment alternatives.
Principal Investment Risks
There is a risk that you could lose all or a portion of your money on your investment in Brandywine Fund.  This risk may increase during times of significant market volatility.  The following additional risks could affect the value of your investment:

n
Market Risk The prices of the stocks and ADRs in which the Fund invests may decline for a number of reasons.  These reasons include factors that may be specific to one or more stocks in which the Fund invests as well as factors that affect the equity securities markets generally.  The price declines may be steep, sudden and/or prolonged.

n
Foreign Security Risk – Investments in foreign securities, even though publicly traded in the United States, may involve risks in addition to those inherent in domestic investments.  Foreign companies may not be subject to regulatory requirements comparable to those of U.S. companies and, as a consequence, there may be less publicly available information about such companies.  Also, foreign companies may not be subject to uniform accounting, auditing and financial reporting standards and requirements comparable to those applicable to U.S. companies.

n
Portfolio Turnover Risk – High portfolio turnover necessarily results in greater transaction costs, such as brokerage commissions, which the Fund must pay, and short-term capital gains (or losses) to investors.  Greater transaction costs may reduce Fund performance.  Distributions to shareholders of short-term capital gains are taxed as ordinary income under current federal income tax laws.

n
Mid-Cap Company Risk – There is a risk that the securities of mid-capitalization companies may have limited liquidity and greater price volatility than securities of large- capitalization companies, which can negatively affect the Fund’s ability to sell these securities at quoted market prices.

The Fund is a suitable investment only for those investors who have long-term investment goals such as investing for retirement.  If you are uncomfortable with an investment that will fluctuate in value, the Fund may not be the right choice for you.
Performance
The bar chart and table that follow provide some indication of the risks of investing in Brandywine Fund by showing changes in the Fund’s performance from year to year and by showing how its average annual returns over 1, 5 and 10 years compare with those of the S&P 500®, Russell 3000® and Russell 3000® Growth Indexes.   For a description of the indexes, please see “Index Descriptions” on page 17.   Updated performance is available on the Fund’s website , www.brandywinefunds.com.  Please be aware that past performance (before and after taxes) is not necessarily an indication of future performance.
Brandywine Fund, Inc. (Total return per calendar year)
Bar Chart
Note:  During the 10-year period shown on the bar chart, the Fund’s highest total return for a quarter was 20.62% (quarter ended December 31, 2010) and the lowest total return for a quarter was -24.98% (quarter ended September 30, 2011).
Average Annual Total Returns (for the periods ended December 31, 2012 )
Average Annual Returns
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
BRANDYWINE FUND
5.25% (8.39%) 4.03%
BRANDYWINE FUND After Taxes on Distributions
5.25% (8.42%) 3.72%
BRANDYWINE FUND After Taxes on Distributions and Sale of Fund shares
3.41% (6.94%) 3.51%
BRANDYWINE FUND S&P 500 Index (reflects no deduction for fees, expenses or taxes)
16.00% 1.66% 7.10%
BRANDYWINE FUND Russell 3000 Index (reflects no deduction for fees, expenses or taxes)
16.42% 2.04% 7.68%
BRANDYWINE FUND Russell 3000 Growth Index (reflects no deduction for fees, expenses or taxes)
15.21% 3.15% 7.69%
The after-tax returns above were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on an investor’s tax situation and may differ from those shown.   After -tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.  The Fund’s “Return after taxes on distributions and sale of Fund shares” may be higher than its returns before taxes and after taxes on distributions because it may include a tax benefit resulting from the capital losses that would have been incurred.