Fund Evaluator:
Biondo Focus Investor (BFONX)
Follow This Fund
Best Performing in Large Growth Over the Last Year
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Fund Details
Biondo Focus Investor Overview
Biondo Focus Investor (BFONX) is an actively managed U.S. Equity Large Growth fund. Biondo Investment Advisor launched the fund in 2010.
The investment seeks long-term capital appreciation. The fund invests primarily in a combination of long 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.
About Biondo Focus Investor (BFONX)
There are 3 members of the management team with an average tenure of 13.45 years: Joseph Biondo (2010), Joseph Biondo (2010), Scott Goginsky (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Biondo Focus Investor has 18 securities in its portfolio. The top 10 holdings constitute 83.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Biondo Focus Investor is part of the Equity global asset class and is within the U.S. Equity fund group. Biondo Focus Investor has 9.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 81.9%. There is 9.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Biondo Focus Investor has 8.7% of the portfolio in cash.
Assets Under Management
The fund has $45 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BFONX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Biondo Focus Investor expense ratio is high compared to funds in the Large Growth category. Biondo Focus Investor has an expense ratio of 1.50%, which is 56% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Biondo Focus Investor has a portfolio turnover rate of 8%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of July 2026, Biondo Focus Investor returned 1.1%, which earned it a grade of A, as the Large Growth category had an average return of -3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Biondo Focus Investor has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Biondo Focus Investor Grades
Year to date, the fund has returned -6.5%, 10.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.8% over the past year (grade of D), 13.6% over the past three years (grade of F) and 3.5% per year over the past five years (grade of F) and 13.2% per year over the past 10 years (grade of F).
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BFONX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BFONX Return (NAV) | 1.1% | 2.5% | 4.8% | 13.6% | 3.5% | 13.2% |
| BFONX Grade | A | B | D | F | F | F |
| +/- Category | 4.1% | 0.7% | -4.3% | -4.5% | -5.2% | -2.2% |
| Large Growth Avg | -3.1% | 1.7% | 9.1% | 18.1% | 8.7% | 15.4% |
| BFONX Tax Cost Ratio | na | na | 2.6% | 2.8% | 2.1% | 1.8% |
BFONX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BFONX Return (NAV) | -6.5% | 11.4% | 37.8% | 37.4% | -35.3% | 6.3% | 30.6% | 23.7% | 6.3% | 31.4% | 1.4% |
| BFONX Grade | F | F | A | C | D | F | D | F | A | B | D |
| +/- Category | -10.2% | -4.3% | 8.1% | -1.4% | -3.2% | -14.0% | -11.7% | -9.4% | 7.0% | 1.5% | -1.3% |
| Large Growth Avg | 3.7% | 15.7% | 29.7% | 38.9% | -32.1% | 20.4% | 42.3% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 18.5% |
| Total Risk Index: | 1.51 - High |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (78% Rank) |
| Beta: | 1.24 |
| R-Squared: | 77% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $45 Mil |
| Fund Total Assets: | $ 45 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 8% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 16.4 years | |||
| Average Tenure: 13.5 years | |||
| Managers (Year): Biondo Joseph (2010), Biondo Joseph (2010), Goginsky Scott (2018) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 18 |
| % in Top 10 Holdings: | 83.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 9.4% |
Portfolio Allocation |
|
| Domestic Stock: | 81.9% |
| Foreign Stock: | 9.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 8.7% |
Purchase Information
| Fund Family: | Biondo Investment Advisor |
| Phone Number: | 800-672-9152 |
| Website: | www.thebiondogroup.com |
| Status: | Open |
| Inception Date: | March 17, 2010 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.50% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Biondo Focus Investor |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
