Bread Semi-Annual 2017 print - BREAD & BUTTER FUND …

Bread & Butter Fund Shareholder Letter June 30, 2017 (Unaudited) Dear Fellow Shareholders, The Bread & Butter Fund returned 4.46% compared to the S&P 500 Index return of 8.24 % without dividends reinvested and 9.34% with dividends reinvested for the six month period ended June 30, 2017. The Fund is finding very few undervalued opportunities to ................
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