February 22, 2021
2020 Annual Report to Shareholders
This shareholder letter is part of the Bretton Fund 2020 Annual Report (pdf). February 16, 2021 Dear Fellow Shareholders: After a number of years of competitive relative returns, we had a…
December 18, 2020
2020 Distribution Information
The Bretton Fund made a long-term capital-gain distribution of $0.126701 per share to shareholders on December 18, 2020, amounting to 0.3% of the fund’s NAV. There were no other distributions for the…
October 15, 2020
2020 Q3 Shareholder Letter
October 15, 2020 Dear Fellow Shareholders: The market kept humming along in the third quarter as we began to see the light at the end of the coronavirus tunnel. A lot of us have adjusted to this…
August 10, 2020
2020 Semiannual Report
This shareholder letter is part of the Bretton Fund 2020 Semiannual Report (pdf). August 10, 2020 While all of us are still dealing with shutdowns and rising COVID-19 case counts, the market has…
April 8, 2020
2020 Q1 Shareholder Letter
April 8, 2020 Dear Fellow Shareholders: The longest economic expansion in US history, along with one of its longest bull markets, has come to an abrupt end. Its early demise wasn’t due to overheating…
February 19, 2020
2019 Annual Report to Shareholders
This shareholder letter is part of the Bretton Fund 2019 Annual Report (pdf). February 14, 2020 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of December 31, 2019,…
January 7, 2020
Bretton Reduces Expense Ratio
Effective January 1, 2020, the Bretton Fund expense ratio will be 1.35%, down from 1.50%.
December 20, 2019
2019 Distribution Information
The Bretton Fund was able to avoid incurring any taxes requiring distributions to shareholders this year and therefore will not make a distribution in 2019. If you have any questions, you can call…
October 14, 2019
2019 Q3 Shareholder Letter
October 15, 2019 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of September 30, 2019, was $36.72, and the total return for the quarter was 1.69%. Total Returns as of…
August 14, 2019
2019 Semiannual Report to Shareholders
This shareholder letter is part of the Bretton Fund 2019 Semiannual Report (pdf). August 14, 2019 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of June 30, 2019, was…