2019 Q1 Shareholder Letter

April 15, 2019 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of March 31, 2019, was $34.16, and the total return for the quarter 13.83%. Total Returns as of March…


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2018 Annual Report to Shareholders

This shareholder letter is part of the Bretton Fund 2018 Annual Report (pdf). February 19, 2019 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of December 31, 2018,…


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2018 Q3 Shareholder Letter

October 12, 2018 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of September 30, 2018, was $35.00, and the total return for the quarter was 9.24%. Total Returns as of…


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2018 Semiannual Report to Shareholders

This shareholder letter is part of the Bretton Fund 2018 Semiannual Report (pdf). August 17, 2018 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of June 30, 2018, was…


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2018 Q1 Shareholder Letter

April 17, 2018 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of March 31, 2018, was $30.57, and the total return for the quarter –0.97%. Total Returns as of March…


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2017 Annual Report to Shareholders

This shareholder letter is part of the Bretton Fund 2017 Annual Report (pdf). February 20, 2018 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of December 31, 2017,…


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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…


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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…


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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…


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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,…


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