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…


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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…


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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…


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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,…


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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…


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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…


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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…


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2014 Annual Report to Shareholders

This shareholder letter is part of the Bretton Fund 2014 Annual Report (pdf). February 24, 2015 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of December 31, 2014,…


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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…


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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)…


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