IOCAX: ICON Risk-Managed Balanced A

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IOCAX ICON Risk-Managed Balanced A


Profile

IOCAX - Profile

Vitals

  • YTD Return -23.9%
  • 3 Yr Annualized Return -5.0%
  • 5 Yr Annualized Return -2.4%
  • Net Assets $26.2 M
  • Holdings in Top 10 29.0%

52 WEEK LOW AND HIGH

$12.74
$11.01
$17.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.87%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 66.00%

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 Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -23.9%
  • 3 Yr Annualized Total Return -4.5%
  • 5 Yr Annualized Total Return -1.7%
  • Capital Gain Distribution Frequency Quarterly
  • Net Income Ratio 0.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ICON Risk-Managed Balanced Fund
  • Fund Family Name
    ICON Funds
  • Inception Date
    May 31, 2006
  • Shares Outstanding
    169597
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Donovan (Jerry) Paul

Fund Description

The fund invests no less than 25%, and up to 75%, of the market value of its assets, plus any borrowings for investment purposes, in debt securities traded in U.S. markets. It will correspondingly invest no less than 25% and no more than 75% in equity securities traded in U.S. markets, including common stocks and preferred stocks of any market capitalization. The fund may also purchase exchange traded funds and other derivatives. It may invest up to 10% of its net assets in non-investment grade U.S. dollar denominated bonds.


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Categories

Performance

IOCAX - Performance

Return Ranking - Trailing

Period IOCAX Return Category Return Low Category Return High Rank in Category (%)
YTD -23.9% -64.3% 54.6% 95.75%
1 Yr -16.3% -70.0% 47.9% 85.92%
3 Yr -5.0%* -32.9% 16.9% 70.86%
5 Yr -2.4%* -32.8% 16.1% 52.70%
10 Yr 1.4%* -34.6% 10.4% 45.27%

* Annualized

Return Ranking - Calendar

Period IOCAX Return Category Return Low Category Return High Rank in Category (%)
2019 22.6% -50.4% 46.8% 2.07%
2018 -12.3% -31.8% 19.0% 75.92%
2017 8.9% -44.7% 46.3% 23.43%
2016 2.5% -84.5% 146.1% 63.65%
2015 -0.7% -40.7% 14.6% 3.29%

Total Return Ranking - Trailing

Period IOCAX Return Category Return Low Category Return High Rank in Category (%)
YTD -23.9% -64.3% 54.6% 95.75%
1 Yr -16.3% -70.0% 47.9% 85.92%
3 Yr -4.5%* -32.9% 16.9% 84.85%
5 Yr -1.7%* -32.8% 16.1% 77.76%
10 Yr 2.3%* -34.6% 10.4% 73.65%

* Annualized

Total Return Ranking - Calendar

Period IOCAX Return Category Return Low Category Return High Rank in Category (%)
2019 22.6% -50.4% 46.8% 2.07%
2018 -11.7% -27.4% 19.0% 85.22%
2017 10.1% -44.7% 46.3% 49.35%
2016 4.0% -84.5% 146.1% 76.53%
2015 -0.1% -36.9% 14.6% 18.38%

NAV & Total Return History


Holdings

IOCAX - Holdings

Concentration Analysis

IOCAX Category Low Category High IOCAX % Rank
Net Assets 26.2 M 181 K 155 B 86.96%
Number of Holdings 76 2 13816 58.77%
Net Assets in Top 10 8.17 M -39.4 M 33.7 B 90.91%
Weighting of Top 10 28.98% 5.5% 100.0% 56.60%

Top 10 Holdings

  1. Mastercard Inc A 4.18%
  2. Fortune Brands Home & Security Inc 3.24%
  3. Visa Inc Class A 3.22%
  4. Northrop Grumman Corp 3.19%
  5. JPMorgan Chase & Co 2.98%
  6. Nike Inc B 2.59%
  7. Raytheon Co 2.51%
  8. Lincoln National Corp 2.45%
  9. Alphabet Inc Class C 2.31%
  10. D.R. Horton Inc 2.31%

Asset Allocation

Weighting Return Low Return High IOCAX % Rank
Stocks
72.29% -41.01% 78.13% 1.37%
Bonds
26.21% -4.03% 79.95% 87.10%
Cash
1.14% -102.09% 78.43% 78.44%
Preferred Stocks
0.74% 0.00% 44.10% 21.04%
Convertible Bonds
0.02% -0.84% 52.57% 75.05%
Other
-0.41% -41.44% 154.72% 99.05%

Stock Sector Breakdown

Weighting Return Low Return High IOCAX % Rank
Consumer Cyclical
31.78% 0.00% 37.12% 0.33%
Financial Services
27.99% 0.00% 62.98% 1.85%
Industrials
21.06% 0.00% 99.44% 4.02%
Healthcare
10.36% 0.00% 63.75% 82.61%
Communication Services
5.50% 0.00% 32.16% 72.17%
Basic Materials
1.93% 0.00% 19.70% 77.83%
Energy
1.38% 0.00% 100.00% 92.61%
Utilities
0.00% 0.00% 100.00% 91.85%
Technology
0.00% 0.00% 72.78% 96.85%
Real Estate
0.00% -2.05% 100.00% 94.46%
Consumer Defense
0.00% 0.00% 17.78% 95.65%

Stock Geographic Breakdown

Weighting Return Low Return High IOCAX % Rank
US
70.41% -41.02% 76.29% 1.37%
Non US
1.88% -1.50% 32.14% 72.94%

Bond Sector Breakdown

Weighting Return Low Return High IOCAX % Rank
Corporate
87.09% 0.00% 100.00% 4.86%
Cash & Equivalents
4.18% -3.87% 100.00% 82.24%
Municipal
4.12% 0.00% 99.77% 8.77%
Government
3.70% -0.45% 98.49% 82.66%
Derivative
0.57% -3.25% 55.67% 25.05%
Securitized
0.33% 0.00% 67.23% 74.63%

Bond Geographic Breakdown

Weighting Return Low Return High IOCAX % Rank
US
21.34% -5.28% 84.24% 89.53%
Non US
4.87% -12.68% 26.09% 29.70%

Expenses

IOCAX - Expenses

Operational Fees

IOCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.87% 0.02% 18.45% 16.81%
Management Fee 0.75% 0.00% 2.00% 75.98%
12b-1 Fee 0.25% 0.00% 1.00% 30.32%
Administrative Fee 0.05% 0.01% 0.83% 11.81%

Sales Fees

IOCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 11.31%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IOCAX 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.

IOCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 0.00% 574.00% 63.51%

Distributions

IOCAX - Distributions

Dividend Yield Analysis

IOCAX Category Low Category High IOCAX % Rank
Dividend Yield 0.00% 0.00% 11.79% 36.47%

Dividend Distribution Analysis

IOCAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

IOCAX Category Low Category High IOCAX % Rank
Net Income Ratio 0.89% -5.24% 6.65% 83.32%

Capital Gain Distribution Analysis

IOCAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Quarterly Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

IOCAX - Fund Manager Analysis

Managers

Donovan (Jerry) Paul


Start Date

Tenure

Tenure Rank

Mar 17, 2014

5.96

6.0%

JERRY PAUL, CFA, is Senior Vice President of Fixed Income and serves as Co-Portfolio Manager of the ICON Bond and ICON Risk-Managed Balanced Funds. Mr. Paul was named Morningstar’s Fixed Income Manager of the Year for 1999 while he managed high yield bonds for INVESCO. Mr. Paul’s professional investment experience includes over thirty eight years in fixed income portfolio management and research.

Scott Callahan


Start Date

Tenure

Tenure Rank

Nov 15, 2017

2.29

2.3%

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.

Brian Callahan


Start Date

Tenure

Tenure Rank

May 30, 2019

0.75

0.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 39.19 6.77 0.16