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Zacks Investment Research
Standard & Poor's
U.S. News evaluated 485 Large Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 28.67 percent over the past year, and 6.27 percent over the past three years.
|Trailing Returns||Updated 05.31.2013|
|Year to date||22.0%|
|3 Years (Annualized)||6.3%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
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.
Fees are High compared to funds in the same category.
Biondo Focus Fund has an expense ratio of 2.55 percent.
Risk is High compared to funds in the same category according to Morningstar.