ICTEX: ICON Information Technology S

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ICTEX ICON Information Technology S


Profile

ICTEX - Profile

Vitals

  • YTD Return 5.7%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $59.4 M
  • Holdings in Top 10 59.3%

52 WEEK LOW AND HIGH

$17.55
$12.85
$17.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.49%

SALES FEES

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

BROKERAGE FEES

  • Turnover 92.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Technology

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 11.5%
  • 5 Yr Annualized Total Return 12.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    ICON Information Technology Fund Class S
  • Fund Family Name
    ICON Funds
  • Inception Date
    Feb 19, 1997
  • Shares Outstanding
    3483955
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian Callahan

Fund Description

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies in the Information Technology sector. Equity securities in which the fund may invest include common stocks and preferred stocks of companies of any market capitalization. It is non-diversified.


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Categories

Performance

ICTEX - Performance

Return Ranking - Trailing

Period ICTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% 0.0% 15.2% 65.54%
1 Yr 34.5% -3.2% 62.4% 40.11%
3 Yr 3.6%* -19.3% 30.3% 94.84%
5 Yr 3.7%* -16.0% 21.7% 87.07%
10 Yr 8.2%* -2.0% 17.9% 78.81%

* Annualized

Return Ranking - Calendar

Period ICTEX Return Category Return Low Category Return High Rank in Category (%)
2019 37.6% -3.0% 62.7% 29.89%
2018 -23.8% -49.7% 4.3% 88.41%
2017 6.5% -17.3% 55.5% 96.10%
2016 -7.4% -17.1% 32.1% 94.48%
2015 9.8% -17.6% 11.6% 4.83%

Total Return Ranking - Trailing

Period ICTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% 0.0% 15.2% 65.54%
1 Yr 34.5% -3.2% 62.4% 37.29%
3 Yr 11.5%* -19.3% 30.3% 80.00%
5 Yr 12.6%* -16.0% 29.1% 63.95%
10 Yr 12.8%* -2.0% 23.0% 57.63%

* Annualized

Total Return Ranking - Calendar

Period ICTEX Return Category Return Low Category Return High Rank in Category (%)
2019 37.6% -3.0% 62.7% 29.89%
2018 -23.8% -49.7% 5.1% 90.85%
2017 32.5% -17.3% 55.5% 61.69%
2016 12.6% -17.1% 32.8% 21.38%
2015 9.8% -13.9% 83.1% 15.86%

NAV & Total Return History


Holdings

ICTEX - Holdings

Concentration Analysis

ICTEX Category Low Category High ICTEX % Rank
Net Assets 59.4 M 993 K 28.5 B 85.31%
Number of Holdings 31 22 352 94.92%
Net Assets in Top 10 34.2 M 1.01 M 16.2 B 83.05%
Weighting of Top 10 59.25% 17.8% 81.1% 16.38%

Top 10 Holdings

  1. Microsoft Corp 11.03%
  2. Apple Inc 8.60%
  3. Global Payments Inc 7.74%
  4. Visa Inc Class A 6.06%
  5. Adobe Inc 5.41%
  6. Mastercard Inc A 4.80%
  7. Booz Allen Hamilton Holding Corp Class A 4.22%
  8. Perficient Inc 3.91%
  9. Automatic Data Processing Inc 3.75%
  10. Euronet Worldwide Inc 3.73%

Asset Allocation

Weighting Return Low Return High ICTEX % Rank
Stocks
100.20% 85.37% 100.94% 1.69%
Preferred Stocks
0.00% 0.00% 0.98% 81.92%
Other
0.00% -4.00% 6.52% 75.71%
Convertible Bonds
0.00% 0.00% 0.16% 77.40%
Bonds
0.00% 0.00% 0.13% 78.53%
Cash
-0.20% -0.20% 14.63% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High ICTEX % Rank
Technology
60.42% 29.14% 100.00% 66.10%
Industrials
23.79% 0.00% 27.35% 1.69%
Financial Services
12.37% 0.00% 47.86% 11.30%
Consumer Cyclical
3.42% 0.00% 31.80% 61.02%
Utilities
0.00% 0.00% 4.08% 77.40%
Real Estate
0.00% 0.00% 8.61% 84.75%
Healthcare
0.00% 0.00% 35.81% 87.57%
Energy
0.00% 0.00% 1.25% 77.97%
Communication Services
0.00% 0.00% 39.04% 95.48%
Consumer Defense
0.00% 0.00% 4.75% 88.14%
Basic Materials
0.00% 0.00% 6.64% 80.79%

Stock Geographic Breakdown

Weighting Return Low Return High ICTEX % Rank
US
96.91% 42.64% 98.92% 3.39%
Non US
3.29% 0.62% 53.48% 91.53%

Expenses

ICTEX - Expenses

Operational Fees

ICTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.49% 0.10% 26.92% 38.64%
Management Fee 1.00% 0.09% 1.95% 90.96%
12b-1 Fee 0.00% 0.00% 1.00% 15.32%
Administrative Fee 0.05% 0.04% 0.50% 8.16%

Sales Fees

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

Trading Fees

ICTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

ICTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 92.00% 2.00% 732.00% 70.62%

Distributions

ICTEX - Distributions

Dividend Yield Analysis

ICTEX Category Low Category High ICTEX % Rank
Dividend Yield 0.00% 0.00% 8.59% 78.53%

Dividend Distribution Analysis

ICTEX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ICTEX Category Low Category High ICTEX % Rank
Net Income Ratio -0.25% -2.08% 1.32% 45.45%

Capital Gain Distribution Analysis

ICTEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ICTEX - Fund Manager Analysis

Managers

Brian Callahan


Start Date

Tenure

Tenure Rank

May 30, 2019

0.59

0.6%

Brian Callahan is ICON’s Investment Committee member for separately managed accounts (SMAs) and institutional accounts. He first joined ICON in 2000 as a Research Analyst while attending Colorado State University. In 2007, he received a master’s in business administration from The Ohio State University and returned as a Research Analyst. In 2008, he became an Investment Committee member. He was previously employed as a treasury administrator at Citi Fund Services . He holds a FINRA Series 7 registration.

Scott Callahan


Start Date

Tenure

Tenure Rank

May 30, 2019

0.59

0.6%

Scott Callahan joined ICON in 2005 as a Research Analyst and was promoted to Assistant Portfolio Manager in January 2006. He left ICON in August 2006 to pursue his MBA, which he received from New York University in 2008. Mr. Callahan became a Portfolio Manager in 2008. Mr. Callahan received a bachelor’s degree in psychology from the University of Colorado.

Craig Callahan


Start Date

Tenure

Tenure Rank

May 30, 2019

0.59

0.6%

Craig Callahan is the company Founder, Chief Executive Officer, President and Chairman of the Investment Committee of ICON Advisers, Inc. Mr. Callahan received his doctorate of business administration in finance and statistics from Kent State University in 1979 and a Bachelor of Science degree from Ohio State University in 1973. From 1986 to 2005, he served as ICON’s Chief Investment Officer. He holds the FINRA Series 7, 24, 63, 65, and 66 registrations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.02 8.11 5.84