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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2016 Distribution Information

The Bretton Fund made a long-term capital-gain distribution of $0.42651 per share to shareholders on December 22, 2016, amounting to 1.6% of the fund's NAV. There were no other distributions for the…


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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 Distribution Information

The Bretton Fund made a long-term capital-gain distribution of $0.04498 per share to shareholders on December 23, 2015,  amounting to 0.19% of the fund's NAV. There were no other distributions for…


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