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Bretton Fund Q4 2025 Shareholder Update

Dear Valued Shareholders: Although the stock market fluctuates daily between exuberant optimism and cautious concern regarding a potential bubble in

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ValuationTerm of the Day

P/E Ratio

Price-to-Earnings ratio measures a company's current share price relative to its earnings per share. A high P/E may indicate growth expectations; a low P/E may suggest undervaluation.