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2017 Q3 Shareholder Letter

October 6, 2017 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of September 30, 2017, was $27.70, and the total return for the quarter was 4.92%. Total Returns as of September 30, 2017 Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and […]

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2017 Semiannual Report to Shareholders

This shareholder letter is part of the Bretton Fund 2017 Semiannual Report (pdf). August 22, 2017 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of June 30, 2017, was $26.40, and the performance for the second quarter was -2.00%. Total Returns as of June 30, 2017 (A) 1 Year, 3 […]

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2017 Q1 Shareholder Letter

April 25, 2017 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of March 31, 2017, was $26.94. The fund’s total return for the quarter was 3.14%, while the S&P 500 Index returned 6.07%. Total Returns as of March 31, 2017 Performance data quoted represents past performance. Past performance does not […]

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2016 Annual Report to Shareholders

This shareholder letter is part of the Bretton Fund 2016 Annual Report (pdf). February 17, 2017 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of December 31, 2016, was $26.12. For the year, the fund returned 10.68% compared to the S&P 500’s 11.96%. Total Returns as of December 31, 2016 […]

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2016 Q3 Shareholder Letter

October 18, 2016 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of September 30, 2016, was $24.57. The fund’s total return for the quarter was 1.95%, while the S&P 500 Index returned 3.85%. Total Returns as of September 30, 2016 Performance data quoted represents past performance. Past performance does not […]

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2016 Semiannual Report to Shareholders

This shareholder letter is part of the Bretton Fund 2016 Semiannual Report (pdf). August 8, 2016 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of June 30, 2016, was $24.10. The fund’s total return for the second quarter was 0.58%, while the S&P 500 Index returned 2.46%. Total Returns as […]

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2016 Q1 Shareholder Letter

April 26, 2016 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of March 31, 2016, was $23.97. The fund’s total return for the quarter was -0.08%, while the S&P 500 Index returned 1.35%. Total Returns as of March 31, 2016 Performance data quoted represents past performance. Past performance does not […]

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2015 Annual Report to Shareholders

This shareholder letter is part of the Bretton Fund 2015 Annual Report (pdf). February 22, 2016 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of December 31, 2015, was $23.98. For the year, the fund returned -6.59% compared to the S&P 500’s 1.38%. Total Returns as of December 31, 2015 (A) […]

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2015 Q3 Shareholder Letter

October 20, 2015 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of September 30, 2015, was $23.59. The fund’s total return for the quarter was -8.67%, while the S&P 500 Index returned -6.44%. Total Returns as of September 30, 2015 Performance data quoted represents past performance. Past performance does not […]

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2015 Semiannual Report to Shareholders

This shareholder letter is part of the Bretton Fund 2015 Semiannual Report (pdf). August 20, 2015 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of June 30, 2015, was $25.83. The fund’s total return for the quarter was 1.41%, while the S&P 500 Index returned 0.28%. The total return for […]

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