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ICARX ICON Emerging Markets S

  • Fund
  • ICARX
  • Price as of: Apr 18, 2019
  • $16.00
  • - $0.02
  • - 0.13%
  • Category
  • Asia Pacific Equities

ICARX - Profile

Vitals

  • YTD Return 12.5%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $55 M
  • Holdings in Top 10 28.3%

52 WEEK LOW AND HIGH

$16.00
$13.88
$17.35

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.89%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 63.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Asia Pacific Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return 12.5%
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name ICON Emerging Markets Fund
  • Fund Family Name ICON Funds
  • Inception Date Feb 25, 1997
  • Shares Outstanding 3385717
  • Share Class S
  • Currency USD
  • Domiciled Country United States
  • Manager Scott Snyder

Fund Description

Under normal market conditions, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of issuers whose principal activities are in an emerging market, or are economically tied to an emerging market country. It uses a quantitative methodology to identify securities, industries and sectors in emerging market that ICON's methodology suggests are underpriced or overpriced relative to the fund's calculation of intrinsic value. The fund may invest up to 25% of its assets in a single industry. It is non-diversified.

ICARX - Performance

Return Ranking - Trailing

Period ICARX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.5% -20.1% 46.3% 55.56% 3
1 Yr -8.2% -19.6% 45.8% 69.49% 4
3 Yr 6.0% * -2.5% 14.8% 68.81% 4
5 Yr 3.5% * -0.4% 10.3% 77.23% 4
10 Yr 9.5% * 0.0% 15.5% 64.81% 4

* Annualized


Return Ranking - Calendar

Period ICARX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -13.0% -36.5% 45.8% 27.83% 2
2017 24.2% -31.1% 50.2% 62.04% 4
2016 0.8% -14.7% 17.1% 52.78% 3
2015 -2.1% -31.2% 19.7% 39.25% 3
2014 -2.4% -12.9% 29.6% 76.84% 4

Total Return Ranking - Trailing

Period ICARX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.5% -20.1% 46.3% 56.03% 3
1 Yr -8.2% -19.6% 40.8% 63.25% 4
3 Yr 6.0% * -3.0% 14.8% 67.59% 4
5 Yr 3.5% * -1.2% 10.0% 75.25% 4
10 Yr 9.5% * 0.0% 15.5% 62.96% 4

* Annualized


Total Return Ranking - Calendar

Period ICARX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -13.0% -36.5% 45.8% 28.07% 2
2017 24.2% -12.6% 50.2% 62.62% 4
2016 0.8% -14.7% 17.7% 56.07% 3
2015 -2.1% -14.2% 30.2% 48.11% 3
2014 -2.4% -9.1% 32.9% 92.55% 5

NAV & Total Return History

ICARX - Holdings

Filings data as of: Feb 28, 2019

Concentration Analysis

ICARX Category Low Category High ICARX % Rank Quintile
Net Assets 55 M 1.34 M 9.24 B 28.57% 4
Number of Holdings 73 23 2341 20.17% 3
Net Assets in Top 10 15.5 M 475 K 2.38 B 28.57% 4
Weighting of Top 10 28.3% 9.8% 54.8% 28.57% 4

Top 10 Holdings

  1. Bank Of China Ltd Class H 2.95%
  2. China Construction Bank Corp Class H 2.85%
  3. CNOOC Ltd 3.23%
  4. Agricultural Bank of China Ltd Class H 2.95%
  5. PJSC Lukoil ADR 2.54%
  6. Gazprom PJSC ADR 3.00%
  7. Rosneft Oil Co GDR 2.43%
  8. Mol Hungarian Oil 2.26%
  9. Tencent Holdings Ltd 3.41%
  10. Alibaba Group Holding Ltd ADR 2.68%

Asset Allocation

Weighting Category Low Category High ICARX % Rank Quintile
Stocks
93.47% 0.00% 100.95% 31.93% 5
Cash
4.60% -0.95% 15.78% 9.24% 2
Convertible Bonds
1.93% 0.00% 22.87% 3.36% 1
Preferred Stocks
0.00% 0.00% 0.01% 1.68% 4
Other
0.00% 0.00% 10.05% 16.81% 4
Bonds
0.00% 0.00% 71.42% 5.88% 4

Stock Sector Breakdown

Weighting Category Low Category High ICARX % Rank Quintile
Energy
26.04% 0.00% 26.04% 0.84% 1
Financial Services
25.02% 0.00% 38.24% 6.72% 1
Technology
10.82% 0.00% 36.00% 37.82% 5
Basic Materials
7.60% 0.00% 12.57% 8.40% 1
Industrials
6.21% 0.07% 38.45% 30.25% 4
Utilities
5.61% 0.00% 11.80% 3.36% 1
Real Estate
3.18% 0.00% 18.07% 21.85% 3
Consumer Cyclical
3.14% 0.00% 35.23% 42.02% 5
Communication Services
1.97% 0.00% 10.35% 28.57% 4
Healthcare
0.00% 0.00% 27.72% 38.66% 5
Consumer Defense
0.00% 0.00% 32.67% 41.18% 5

Stock Geographic Breakdown

Weighting Category Low Category High ICARX % Rank Quintile
Non US
89.39% 0.00% 99.84% 36.13% 5
US
4.08% 0.00% 29.72% 5.04% 1

ICARX - Expenses

Operational Fees

ICARX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.89% 0.08% 8.52% 43.70% 3
Management Fee 1.00% 0.06% 1.50% 5.88% 4
12b-1 Fee 0.00% 0.00% 1.00% 9.20% 2
Administrative Fee 0.05% 0.01% 0.37% 12.33% 1

Sales Fees

ICARX Fees (% of AUM) Category Low Category High ICARX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

ICARX Fees (% of AUM) Category Low Category High ICARX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ICARX Fees (% of AUM) Category Low Category High ICARX Rank Quintile
Turnover 63.00% 4.00% 232.00% 12.61% 4

ICARX - Distributions

Dividend Yield Analysis

ICARX Category Low Category High ICARX % Rank Quintile
Dividend Yield 0.0% 0.00% 4.75% 76.24% 4

Dividend Distribution Analysis

ICARX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ICARX Category Low Category High ICARX % Rank Quintile
Net Income Ratio 1.89% -1.49% 4.03% 10.92% 1

Capital Gain Distribution Analysis

ICARX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

ICARX - Managers

Scott Snyder

Manager

Start Date

Sep 30, 2015

Tenure

3.5

Tenure Rank

21.3%

Scott Snyder, CFA, joined ICON in 2004 as a Research Analyst. In 2005, he was promoted to the Investment Committee and a Portfolio Manager. Previously, he was employed by FactSet as a portfolio analytics specialist from 2003-2004 and as a senior consultant from 2001-2003. Mr. Snyder received his bachelor of science degree in finance from Arizona State University and a MBA from the University of Denver. He holds the FINRA Series 7 and 63 registrations.


Rob Young

Manager

Start Date

Jan 01, 2017

Tenure

2.24

Tenure Rank

24.0%

Rob Young, CFA, joined ICON in 2015 as a Research Analyst. Mr. Young was promoted to Portfolio Manager on January 1, 2017. From 2013-2015, he was a VP of Equity Institutional Sales at DA Davidson. Previously, he was a Senior Equity Analyst at Wm Smith and Co from 2007-2013. Mr. Young received his Bachelor of Science degree in Finance, along with his MBA from the University of Denver. He holds the Series 7, 63, 68 and 87 registrations.


Tenure Analysis

Category Low

0.0

Category High

27.4

Category Average

5.8

Category Mode

4.3