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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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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Growing Team Bretton

February 27, 2015 Dear Fellow Shareholders, I’m proud and elated to announce an anticipated wonderful addition to the Bretton Fund team. Later this year, we expect that Raphael de Balmann will be…


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2014 Distribution Information

The Bretton Fund made an income distribution of $0.01427 per share to shareholders on December 23, 2014. There were no other distributions for the year. If you have any questions, you can call our…


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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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2014 Q1 Shareholder Letter

April 24, 2014 Dear Fellow Shareholders: The Bretton Fund’s net asset value per share (NAV) as of March 31, 2014, was $23.70. The fund’s total return for the quarter was 1.11%, while over the…


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