Biondo Focus Fund (BFONX)
Biondo Focus Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Cincinnati, OH, US. The stock last traded at $21.19, up 0.09% on the session, giving a market capitalisation of $46.6M. On trailing twelve-month figures it carries a trailing P/E of -10.92, a net margin of -236.6%. Its beta of 1.31 implies it has historically moved more than the broad market.
The Biondo Focus Fund principally directs its capital towards a range of long-term holdings. These include equity shares of American corporations, regardless of their market valuation, alongside American Depositary Receipts (ADRs) representing ownership in foreign businesses. The fund also invests in high-grade fixed income instruments, exchange-traded funds (ETFs), and derivative options linked to stocks, ADRs, and ETFs. Furthermore, it possesses the ability to employ financial leverage, potentially through bank loans, up to a maximum of 33% of its total assets, which are defined as the sum of its net assets and any borrowed funds used for investment. It is important to note that this fund operates with a non-diversified investment strategy.
Biondo Focus Fund is most often compared with the following Financial Services names: