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ICARX ICON Emerging Markets S

  • Fund
  • ICARX
  • Price as of: Nov 15, 2018
  • $15.23
  • + $0.20
  • + 1.33%
  • Category
  • Asia Pacific Equities

ICARX - Profile

Vitals

  • YTD Return -6.9%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 1.4%
  • Net Assets $53.2 M
  • Holdings in Top 10 27.3%

52 WEEK LOW AND HIGH

$15.23
$14.70
$18.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.72%

SALES FEES

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

BROKERAGE FEES

  • Turnover 169.00%

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 -6.9%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.46%
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 3139793
  • 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 industries and sectors in emerging market securities 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 -6.9% -23.7% 46.3% 23.08% 2
1 Yr -6.0% -23.4% 45.8% 23.73% 2
3 Yr 3.4% * -2.5% 14.5% 71.56% 4
5 Yr 1.4% * -0.9% 10.3% 74.49% 4
10 Yr 7.9% * 0.0% 13.6% 70.37% 4

* Annualized


Return Ranking - Calendar

Period ICARX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 24.2% -33.7% 50.2% 60.00% 3
2016 0.8% -31.1% 17.1% 44.44% 3
2015 -2.1% -31.2% 15.9% 33.33% 3
2014 -2.4% -12.9% 19.7% 76.24% 5
2013 6.6% -11.9% 29.6% 43.18% 3

Total Return Ranking - Trailing

Period ICARX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -6.9% -23.7% 46.3% 23.28% 2
1 Yr -6.0% -23.4% 40.8% 23.93% 2
3 Yr 3.4% * -3.0% 13.8% 65.74% 4
5 Yr 1.4% * -1.8% 10.0% 71.43% 4
10 Yr 7.9% * 0.0% 13.6% 70.37% 4

* Annualized


Total Return Ranking - Calendar

Period ICARX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 24.2% -33.7% 50.2% 60.53% 3
2016 0.8% -14.7% 17.1% 45.79% 3
2015 -2.1% -14.2% 17.7% 42.06% 3
2014 -2.4% -9.1% 30.2% 93.00% 5
2013 6.9% -10.6% 38.4% 50.57% 3

NAV & Total Return History

ICARX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

ICARX Category Low Category High ICARX % Rank Quintile
Net Assets 53.2 M 1.34 M 8.24 B 27.73% 4
Number of Holdings 73 23 2344 18.49% 3
Net Assets in Top 10 15.6 M 475 K 2.69 B 27.73% 4
Weighting of Top 10 27.3% 10.3% 54.8% 28.57% 4

Top 10 Holdings

  1. Bank Of China Ltd H 2.67%
  2. China Construction Bank Corp H 2.67%
  3. CNOOC Ltd 3.51%
  4. Agricultural Bank of China Ltd H 2.88%
  5. PJSC Lukoil ADR 2.67%
  6. Tencent Holdings Ltd 2.25%
  7. Gazprom PJSC ADR 3.01%
  8. Rosneft Oil Co GDR 2.89%
  9. Regional SA de Cv 2.46%
  10. West China Cement Ltd 2.29%

Asset Allocation

Weighting Category Low Category High ICARX % Rank Quintile
Stocks
87.54% 0.00% 100.05% 34.45% 5
Cash
6.06% -0.07% 15.78% 5.88% 1
Other
3.37% -0.97% 10.05% 5.04% 1
Preferred Stocks
1.83% 0.00% 1.83% 0.84% 1
Convertible Bonds
1.20% 0.00% 25.17% 3.36% 1
Bonds
0.00% 0.00% 69.70% 5.04% 4

Stock Sector Breakdown

Weighting Category Low Category High ICARX % Rank Quintile
Energy
29.01% 0.00% 29.01% 0.84% 1
Financial Services
25.93% 0.00% 38.24% 7.56% 2
Basic Materials
13.12% 0.00% 13.12% 0.84% 1
Technology
8.59% 0.00% 36.00% 36.13% 5
Industrials
3.47% 0.00% 32.34% 36.97% 5
Utilities
3.03% 0.00% 8.97% 11.76% 2
Consumer Cyclical
1.73% 0.00% 35.23% 40.34% 5
Communication Services
0.67% 0.00% 11.78% 30.25% 4
Real Estate
0.00% 0.00% 16.42% 33.61% 5
Healthcare
0.00% 0.00% 24.60% 37.82% 5
Consumer Defense
0.00% 0.00% 29.19% 40.34% 5

Stock Geographic Breakdown

Weighting Category Low Category High ICARX % Rank Quintile
Non US
81.16% 0.00% 99.81% 37.82% 5
US
6.38% 0.00% 29.72% 2.52% 1

ICARX - Expenses

Operational Fees

ICARX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.72% 0.08% 8.52% 48.74% 2
Management Fee 1.00% 0.05% 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 169.00% 3.00% 232.00% 3.36% 5

ICARX - Distributions

Dividend Yield Analysis

ICARX Category Low Category High ICARX % Rank Quintile
Dividend Yield 0.0% 0.00% 1.21% 77.55% 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 0.46% -1.49% 4.93% 43.70% 3

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

3.09

Tenure Rank

22.6%

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

1.83

Tenure Rank

24.6%

Rob Young, CFA, joined ICON in 2015 as a Research Analyst. 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

0.1

Category High

27.0

Category Average

5.81

Category Mode

0.5