Biondo Focus Fund (BFONX)
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.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Biondo Focus Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $23,711 for a total return of roughly 137.11%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Biondo Focus Fund had a return of 6.15% year-to-date (YTD) and -23.44% in the last 12 months. Over the past 10 years, Biondo Focus Fund had an annualized return of 9.42%, which was very close to the S&P 500 benchmark's annualized return of 9.86%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -2.51% | -3.13% |
| Year-To-Date | 6.15% | 2.92% |
| 6 months | 6.94% | 2.02% |
| 1 year | -23.44% | -11.46% |
| 5 years (annualized) | 2.73% | 7.79% |
| 10 years (annualized) | 9.42% | 9.86% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 9.90% | -3.29% | ||||||||||
| 2022 | -11.51% | 7.54% | 8.32% | -5.58% |
Dividend History
Biondo Focus Fund granted a 1.57% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.24 | $1.85 | $1.23 | $1.76 | $1.14 | $2.18 |
Dividend yield | 1.57% | 1.67% | 8.19% | 5.79% | 10.81% | 8.64% | 17.57% |
Monthly Dividends
The table displays the monthly dividend distributions for Biondo Focus Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | ||||||||||
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.85 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.76 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 |
| 2017 | $2.18 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Biondo Focus Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Biondo Focus Fund is 48.30%, recorded on Oct 14, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.3% | Sep 7, 2021 | 280 | Oct 14, 2022 | — | — | — |
| -38.61% | Apr 29, 2011 | 163 | Dec 19, 2011 | 404 | Aug 1, 2013 | 567 |
| -37.75% | Jul 21, 2015 | 237 | Jun 27, 2016 | 267 | Jul 19, 2017 | 504 |
| -32.27% | Feb 20, 2020 | 23 | Mar 23, 2020 | 63 | Jun 22, 2020 | 86 |
| -23.29% | Oct 1, 2018 | 59 | Dec 24, 2018 | 245 | Dec 13, 2019 | 304 |
| -19.9% | Apr 16, 2010 | 56 | Jul 6, 2010 | 126 | Jan 3, 2011 | 182 |
| -13.34% | Feb 16, 2021 | 62 | May 13, 2021 | 27 | Jun 22, 2021 | 89 |
| -12.34% | Mar 6, 2014 | 27 | Apr 11, 2014 | 39 | Jun 9, 2014 | 66 |
| -11.51% | Mar 13, 2018 | 18 | Apr 6, 2018 | 26 | May 14, 2018 | 44 |
| -10.92% | Sep 3, 2014 | 29 | Oct 13, 2014 | 32 | Nov 26, 2014 | 61 |
Volatility Chart
Current Biondo Focus Fund volatility is 37.40%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.