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Biondo Focus Investor (BFONX)

16.59 Up 0.04(0.24%) Nov 26

Profile as of Oct 30, 2014Get Profile for:
Biondo Focus Investor
450 Wireless Blvd.Hauppauge, NY  11788
Phone: 800-672-9152
Fund Overview 
Category:Large Growth
Fund Family:Biondo Investment Advisor
Net Assets:36.07M
Year-to-Date Return:17.17%
Morningstar Rating:1 stars
Fund Inception Date:Mar 17, 2010
Morningstar Style Box 
Large Growth
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Management Information 
Joseph R. Biondo, Sr.
Lead Manager since Mar 17, 2010
Joseph (Joe) R. Biondo founder and Chief Executive Officer of Biondo Investment Advisors, LLC, began his career in financial services with Loeb Rhoades, Inc., a predecessor firm of Smith Barney. He began managing portfolios in 1991 and became one of Smith Barney’s top managers before forming Biondo Investment Advisors, LLC in 2004. As Portfolio Manager and key member of the investment team, Joe brings in-depth experience and expertise to managing clients’ portfolios. He is a graduate of the New York Institute of Finance. Joe serves as an Honorary Trustee for Avon Old Farms School, a Director of the Newton Memorial Hospital Foundation and as the Chairman of The Ingeborg A. Biondo Memorial Foundation.
Investment Information 
Min Initial Investment:1,000
Min Initial Investment, IRA:500
Min Initial Investment, AIP:1,000
Min Subsequent Investment:100
Min Subsequent Investment, IRA:100
Min Subsequent Investment, AIP:100
BFONX can be purchased from 19 brokerages.

Fund Summary 
The investment seeks long-term capital appreciation. The fund invests primarily in a combination of long and short positions in (1) common stock of U.S. companies of any capitalization; (2) American depositary receipts ("ADRs") representing common stock of foreign companies; (3) investment-grade fixed-income securities; (4) exchange-traded funds and (5) options on common stock, ADRs and ETFs. It may also employ leverage including bank borrowing of up to 33% of the fund's assets (defined as net assets plus borrowing for investment purposes). The fund is non-diversified.

Fund Operations 
Last Dividend : N/A
Last Cap Gain : N/A
Annual Holdings Turnover (Oct 5, 2010) : 81.00%
Average for Category:49.17%
Fees & Expenses 
ExpenseBFONXCategory Avg
Annual Report Expense Ratio (net):2.82%1.20%
Prospectus Net Expense Ratio:2.83%N/A
Prospectus Gross Expense Ratio:3.59%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:N/A5.45%
Max Deferred Sales Load: N/A2.27%
3 Yr Expense Projection*:1,100540
5 Yr Expense Projection*:1,859853
10 Yr Expense Projection*:3,8541,722
* Per $10,000 invested