Biondo Focus Fund (BFONX) NASDAQ
Currency In USD
- General
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- Historical Data
- Profile
- Financials
Currency In USD
Address
Hauppauge, NY 11788
United States of America (the)
Phone
800-672-9152
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
March 19, 2010
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.