BFONX Fees and Costs — The Biondo Focus Fund, Investor Class
Data updated: 2026-08-24
The net expense ratio is 1.50%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.52% other expenses, less a 0.27% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $4K in broker commissions, 0.0074% of average net assets, and portfolio turnover was 8%.
BFONX Fees and Expenses
Annual operating expenses and sales charges of BFONX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.77% |
| Fee waiver | −0.27% |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BFONX Costs Over Time
On $10,000 invested in BFONX, assuming 5% a year before costs, total costs come to $933 over 5 years, cutting the return by 1.58% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.50%) | $158 | $489 | $843 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $516 | $933 |
| Value after costs | $10,342 | $11,061 | $11,829 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
BFONX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0074%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
BFONX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies Group | $2K | 63.28% |
| Cowen Group | $1K | 36.72% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.