Hondo is one of those “entry-level” guitar lines with a very convoluted history, in their case brushing up against the likes of Charvel and Samick. The Wikipedia entry is pretty interesting, revealing, among other information:
Hondo was one of the first overseas guitar builders to feature American-built DiMarzio pickups on the import instruments beginning in 1978.
The entry also notes that Hondo sold over 22,000 “Bi-centennial banjos” in 1976. I see.
There are no Fame Mastercasters (or accompanying shades) on eBay, but a copy of this ad is listing for $9.95. I see.
Taken from Guitar for the Practicing Musician, March 1985.
Take a look at the Wiki entry right here.