Fund Performance

Quarter-End Returns

Average Annualized Total Returns as of March 31, 2017

1 Year3 Years5 YearsSince 9/30/10
Inception
Bretton Fund14.25%5.01%8.94%10.93%
S&P 500 Index17.17%10.37%13.30%14.25%

Calendar Year Total Returns

YearBretton FundS&P 500 Index
201610.68%11.96%
2015-6.59%1.38%
20149.79%13.69%
201326.53%32.39%
201215.66%16.00%
20117.90%2.11%
9/30/10 – 12/31/106.13%10.76%

Performance data quoted represents past performance. Past performance does not guarantee 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. All returns include change in share prices, and reinvestment of any dividends and capital gains distributions. Current performance may be lower or higher than the performance data quoted. Indices shown are broad-based, unmanaged indices commonly used to measure performance of US stocks. These indices do not incur expenses and are not available for investment. You may obtain performance data current to the most recent month-end by calling 800.231.2901. The fund’s expense ratio is 1.50%.