Archive › News

2015 Q1 Shareholder Letter

April 21, 2015 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of March 31, 2015, was $25.47. The fund’s total return for the quarter was -0.97%, while the S&P 500 Index returned 0.95%. Total Returns as of March 31, 2015 Performance data quoted represents past performance. Past performance does not […]

Comments Off on 2015 Q1 Shareholder Letter

2014 Annual Report to Shareholders

February 24, 2015

Dear Fellow Shareholders:

The Bretton Fund’s net asset value per share (NAV) as of December 31, 2014, was $25.72, and the total return for the fund for the fourth quarter was 6.91% compared to 4.93% for the S&P 500 Index. For the year, the fund returned 9.79% compared to the

Continue reading…

Comments Off on 2014 Annual Report to Shareholders

Growing Team Bretton

February 27, 2015 Dear Fellow Shareholders, I’m proud and elated to announce an anticipated wonderful addition to the Bretton Fund team. Later this year, we expect that Raphael de Balmann will be joining the Bretton Fund as a portfolio manager. Raphael and I have been close friends for almost ten years, emailing or talking on […]

Comments Off on Growing Team Bretton

2014 Distribution Information

The Bretton Fund made an income distribution of $0.01427 per share to shareholders on December 23, 2014. There were no other distributions for the year. If you have any questions, you can call our shareholder service center at 800.231.2901 or email us at info@brettonfund.com. What’s a Distribution? Certain portfolio transactions by mutual funds over the course of the year […]

Comments Off on 2014 Distribution Information

2014 Q3 Shareholder Letter

October 21, 2014 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of September 30, 2014, was $24.07. The total return for the fund for the third quarter was 3.08%. Over the same period of time, the total return for the S&P 500 Index was 1.13%, and the total return for […]

Comments Off on 2014 Q3 Shareholder Letter

2014 Semiannual Report to Shareholders

This shareholder letter is part of the Bretton Fund 2014 Semiannual Report. Here’s the full report (pdf). August 29, 2014 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of June 30, 2014, was $23.35. The total return for the fund for the second quarter was -1.48%. Over the same period […]

Comments Off on 2014 Semiannual Report to Shareholders

2014 Q1 Shareholder Letter

April 24, 2014 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of March 31, 2014, was $23.70. The fund’s total return for the quarter was 1.11%, while over the same time period, the total return was 1.81% for the S&P 500 Index and 2.04% for the Wilshire 5000 Total Market […]

Comments Off on 2014 Q1 Shareholder Letter

Reuters: Carter’s

Portfolio manager Stephen Dodson is quoted in an article for Reuters regarding Carter’s. See the article here.    

Comments Off on Reuters: Carter’s

2013 Annual Report to Shareholders

March 4, 2014

Dear Fellow Shareholders:

The Bretton Fund’s net asset value per share (NAV) as of December 31, 2013, was $23.44. For the quarter ended December 31, 2013, the fund’s total return was …

Continue reading…

Comments Off on 2013 Annual Report to Shareholders

Mutual Fund Observer Transcript

On May 28, 2013, Bretton Fund portfolio manager Stephen Dodson appeared on a podcast for the Mutual Fund Observer. David Snowball, editor of the Observer, hosted the call. Here’s an edited transcript (pdf) of the call, and you can see a summary of the call and a link to the audio version here.

Comments Off on Mutual Fund Observer Transcript