Fund Evaluator:
Berkshire Focus (BFOCX)
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Best Performing in Technology Over the Last Year
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Fund Details
Berkshire Focus Overview
Berkshire Focus (BFOCX) is an actively managed Sector Equity Technology fund. Berkshire launched the fund in 1997.
The investment seeks long-term growth of capital. The fund invests primarily in common stocks that are selected for their long-term growth potential. It may invest in companies of any size. The fund concentrates its investments in the electronic technology industry, which means more than 25%, and as much as 100%, of the fund's total assets can be invested in that particular industry. It may invest without limitation in foreign securities and certain types of exchange traded funds. The fund is non-diversified.
About Berkshire Focus (BFOCX)
There are 1 members of the management team with an average tenure of 29.02 years: Malcolm Fobes (1997). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and DJ Industrial Average TR USD index with a weighting of 100%. Berkshire Focus has 117 securities in its portfolio. The top 10 holdings constitute 62.2% 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.
Berkshire Focus is part of the Equity global asset class and is within the Sector Equity fund group. Berkshire Focus has 18.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 82.0%. There is 18.0% 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). Berkshire Focus has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $462 million in total assets, which is below the $1 billion average for the Technology 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.
BFOCX 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 Berkshire Focus expense ratio is high compared to funds in the Technology category. Berkshire Focus has an expense ratio of 1.95%, which is 59% 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. Berkshire Focus has a portfolio turnover rate of 2603%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Technology category.
Recently, in the month of June 2026, Berkshire Focus returned 7.5%, which earned it a grade of A, as the Technology category had an average return of 1.9%. 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.
Berkshire Focus has a trailing yield of 0.00%, which is below the 0.05% 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.
Berkshire Focus Grades
Year to date, the fund has returned 64.8%, 31.2 percentage points better than the category, which translates into a grade of A. The fund has returned 83.4% over the past year (grade of A), 52.2% over the past three years (grade of A) and 11.8% per year over the past five years (grade of D) and 23.6% per year over the past 10 years (grade of C).
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BFOCX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BFOCX Return (NAV) | 7.5% | 66.7% | 83.4% | 52.2% | 11.8% | 23.6% |
| BFOCX Grade | A | A | A | A | D | C |
| +/- Category | 5.5% | 25.9% | 29.7% | 19.3% | -3.1% | 0.8% |
| Technology Avg | 1.9% | 40.7% | 53.8% | 32.9% | 14.8% | 22.8% |
| BFOCX Tax Cost Ratio | na | na | 0.0% | 0.0% | 1.3% | 2.7% |
BFOCX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BFOCX Return (NAV) | 64.8% | 28.7% | 59.2% | 50.2% | -65.1% | -1.4% | 92.3% | 40.6% | 10.0% | 44.1% | -0.3% |
| BFOCX Grade | A | B | A | C | F | F | A | C | A | B | F |
| +/- Category | 31.2% | 4.0% | 30.8% | 0.6% | -26.9% | -18.6% | 35.4% | -0.6% | 13.9% | 6.7% | -11.1% |
| Technology Avg | 33.6% | 24.7% | 28.3% | 49.6% | -38.2% | 17.2% | 56.9% | 41.2% | -3.9% | 37.4% | 10.8% |
| Risk Measures | |
| Standard Deviation: | 35.5% |
| Total Risk Index: | 2.92 - High |
| Category Risk Index: | 1.47 - High |
| Category Risk Grade: | F (99% Rank) |
| Beta: | 2.26 |
| R-Squared: | 65% |
| 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: | $462 Mil |
| Fund Total Assets: | $ 463 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 2604% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 29.0 years | |||
| Average Tenure: 29.0 years | |||
| Managers (Year): Fobes Malcolm (1997) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 117 |
| % in Top 10 Holdings: | 62.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 18.0% |
Portfolio Allocation |
|
| Domestic Stock: | 82.0% |
| Foreign Stock: | 18.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 0.1% |
Purchase Information
| Fund Family: | Berkshire |
| Phone Number: | 877-526-0707 |
| Website: | www.berkshirefunds.com |
| Status: | Open |
| Inception Date: | July 1, 1997 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.95% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | Berkshire Focus |
| Min. Subsequent Purchase: | $ 500 |
| Min. Subsequent IRA Purchase: | $ 500 |
