Nine open-end mutual funds out of a select screen have 20% or more of their assets in a single stock, and have suffered as a result, reports. The website screened for funds with minimum initial investments of $50,000 or less and that aren’t structured as funds-of-funds.

With 20.8% of its assets invested in Amgen, the ProFunds Biotech Ultra Sector Fund has delivered a negative 15.62% return over the past year, primarily due to Amgen’s 23% decline.

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