Fund Principles
The Bretton Fund operates on two principles: a focused, value strategy and treating our shareholders fairly.
We believe the best way to achieve excellent long-term returns is to invest with a long time horizon in a concentrated number of businesses whose underlying economic values are significantly greater than their market values.
How We Invest
We practice “value investing,” which simply means buying securities for considerably less than they are worth.
We seek maximum returns regardless of asset class, which means the mix of the type of securities the fund will invest in will change from time to time. Given our expertise and the return potential, we will most often be invested in the stocks of US-based companies, particularly companies with strong economic characteristics.
Latest News
December 9, 2021
2021 Distribution Information
The Bretton Fund made a long-term capital-gain distribution to shareholders on December 17, 2021, of $0.346742 per share, amounting to 0.6%…
October 19, 2021
2021 Q3 Shareholder Letter
October 19, 2021 Dear Fellow Shareholders: Despite lingering hesitancy from the delta variant, tangled supply-chains, and bona fide…
August 25, 2021
2021 Semiannual Report
This shareholder letter is part of the Bretton Fund 2021 Semiannual Report (pdf). August 25, 2021 Dear Fellow Shareholders: The market…