# EDGAR Filing Document

**Accession Number:** 0000351786
**File Stem:** 0000351786-26-000002
**Filing Date:** 2026-1
**Character Count:** 11868
**Document Hash:** d67f9220a3220e6a74709fc2ef9132c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000351786-26-000002.hdr.sgml**: 20260112

**ACCESSION NUMBER**: 0000351786-26-000002

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20260112

**DATE AS OF CHANGE**: 20260112

**EFFECTIVENESS DATE**: 20260112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMC FUND INC
- **CENTRAL INDEX KEY:** 0000351786

**ORGANIZATION NAME:**
- **EIN:** 560296780
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03150
- **FILM NUMBER:** 26526164

**BUSINESS ADDRESS:**
- **STREET 1:** 800 HICKORY BLVD SW
- **CITY:** LENOIR
- **STATE:** NC
- **ZIP:** 28645-5858
- **BUSINESS PHONE:** 8287586100

**MAIL ADDRESS:**
- **STREET 1:** 800 HICKORY BLVD SW
- **CITY:** LENOIR
- **STATE:** NC
- **ZIP:** 28645-5858

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BROYHILL MANAGEMENT CORP
- **DATE OF NAME CHANGE:** 19820608

## Internal

```

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders and Board of Directors of
BMC Fund, Inc.

In planning and performing our audit of the financial statements of BMC
Fund, Inc. (the ?Fund?) as of and for the year ended October 31, 2025, in
accordance with the standards of the Public Company Accounting
Oversight Board (United States) (PCAOB), we considered the Fund?s
internal control over financial reporting, including controls over
safeguarding securities, as a basis for designing our auditing procedures
for the purpose of expressing our opinion on the financial statements and
to comply with the requirements of Form N-CEN, but not for the purpose
of expressing an opinion on the effectiveness of the Fund?s internal
control over financial reporting. Accordingly, we express no such opinion.
The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting. In fulfilling
this responsibility, estimates and judgments by management are required
to assess the expected benefits and related costs of controls. A fund?s
internal control over financial reporting is a process designed to provide
reasonable assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles (GAAP). A
fund?s internal control over financial reporting includes those policies and
procedures that
(1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets
of the fund; (2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements in
accordance with GAAP, and that receipts and expenditures of the fund are
being made only in accordance with authorizations of management and
directors of the fund; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use or
disposition of a fund?s assets that could have a material effect on the
financial statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections of
any evaluation of effectiveness to future periods are subject to the risk
that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may
deteriorate.

A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions,
to prevent or detect misstatements on a timely basis. A material
weakness is a deficiency, or combination of deficiencies, in internal
control over financial reporting, such that there is a reasonable possibility
that a material misstatement of the Fund?s annual or interim financial
statements will not be prevented or detected on a timely basis.

Our consideration of the Fund?s internal control over financial reporting
was for the limited purpose described in the first paragraph and would
not necessarily disclose all deficiencies in internal control that might be
material weaknesses under standards established by the PCAOB.
However, we noted no deficiencies in the Fund?s internal control over
financial reporting and its operation, including controls over safeguarding
securities, that we consider to be a material weakness as defined above
as of October 31, 2025.
This report is intended solely for the information and use of management
and the Board of Directors of the Fund and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone
other than these specified parties.

/s/ COHEN & COMPANY, LTD.
Cleveland, Ohio
December 30, 2025

```

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000351786

## N-CEN: Series/Class (Contract) Information

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2025-10-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** BMC FUND INC

- **Item B.1.b - Investment Company Act file number:** 811-03150

- **Item B.1.c - CIK:** 0000351786

- **Item B.1.d - LEI:** 549300TFI04B3BMUV507

- **Item B.2.a - Street 1:** 800 Hickory Blvd SW

- **Item B.2.b - City:** Lenoir

- **Item B.2.c - State:** NC

- **Item B.2.e - Zip Code:** 28645-5858

- **Item B.2.f - Telephone:** 828-758-6100

- **Item B.2.g - Public Website:** www.bmcfund.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Alan Deal

- **b. Street 1:** 800 Hickory Blvd. SW

- **c. City:** Lenoir

- **d. State, if applicable:** NC

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 28645

- **g. Telephone number:** 828-758-6100

- **h. Briefly describe the books and records kept at this location:** Accounting records

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** UMB Bank

- **b. Street 1:** 928 Grand Blvd

- **c. City:** Kansas City

- **d. State, if applicable:** MO

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 64106

- **g. Telephone number:** 816-860-4649

- **h. Briefly describe the books and records kept at this location:** Custody records

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

### Item B.6 - Organization

- [ ] a. Open-end management investment company registered under the Act on Form N-1A

- [x] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** —

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** No

### Item B.8 - Directors

| Name            | Is Interested Person?   | Other Investment Company File Numbers   |
|:---|:---|:---|
| Broyhill M Hunt | Yes                     | N/A                                     |
| Stevens David F | No                      | N/A                                     |
| Robert Mark E   | No                      | N/A                                     |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Deal Alan R

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** 800 Hickory Blvd SW

- **d. City:** Lenoir

- **e. State, if applicable:** NC

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 28645-5858

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** —

| Series Name   | Series ID   |
|:---|:---|
| N/A           | N/A         |

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a - Did the Registrant rely on any exemptive orders from the Commission?:** No

### Item B.16. Principal underwriters.

No Principal Underwriters reported.

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** Cohen & Company, LTD.

- **b. PCAOB Number:** 925

- **c. LEI, if any:** N/A

- **d. State, if applicable:** OH

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** Yes

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** BMC FUND INC

**Date:** 2026-01-12

**Signature:** M Hunt Broyhil

**Title:** President and Chairman