- What does BFONX invest in?
- 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.
- What is the expense ratio of BFONX?
- Biondo Focus Fund (BFONX) charges an expense ratio of 1.50%. This is the annual fee deducted from fund assets to cover management and operations.
- What is BFONX's dividend yield?
- BFONX's trailing-twelve-month yield is 12.35%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of BFONX?
- Effective duration measures BFONX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BFONX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of BFONX?
- BFONX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of BFONX?
- Yield to maturity (YTM) is the total return you'd earn from BFONX if every bond in the portfolio is held to maturity at the current price. BFONX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
