ICON Natural Resourses Fund
Data updated: 2020-08-27
C000024058 — ICON Natural Resourses Fund. Commodity · $39.58M AUM · 1.50% expense ratio. Holdings, fees, performance and SEC filings.
C000024058 Fund Overview
ICON Natural Resourses Fund is a US mutual fund managed by ICON Funds, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: ICON Funds
- Category: Commodity
- Assets under management: $39.58M
- SEC CIK: 0001025770
- SEC series ID: S000008837
- Share class ID: C000024058
C000024058 Investment Objective and Strategy
ICON Natural Resourses Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ICON Funds.
Investment objective
Seeks long-term capital appreciation.
Principal investment strategy
The Fund uses a quantitative methodology to identify securities ICON believes are underpriced relative to value. It normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with operations throughout the world that own, explore or develop natural resources and other basic commodities or supply goods and services to such companies. For these purposes, natural resources generally includes, but is not limited to: energy (such as electricity and gas utilities, producers and developers, equipment and services, storage and transportation, gas/oil refining and marketing, service and drilling, pipelines and master limited partnerships (MLPs)), alternative energy (such as uranium, coal, nuclear, hydrogen, wind, solar, fuel cells), industrial products (such as building materials, cement, packaging, chemicals, materials infrastructure, supporting transport and machinery), forest products (such as lumber, plywood, pulp, paper, newsprint, tissue), base metals (such as aluminum, copper, nickel, zinc, iron ore and steel), precious metals and minerals (such as gold, silver, platinum, diamonds), and agricultural products (grains and other foods, seeds, fertilizers, water).
This strategy may not be changed unless the Fund shareholders are given at least 60 days prior notice. Equity securities in which the Fund may invest include common stocks and preferred stocks of companies of any market capitalization. The Fund invests in foreign companies and U.S. companies that have principal operations in foreign jurisdictions. While ICON typically seeks to anchor the Funds assets in the United States, the Fund may invest up to 100% of its total assets in foreign securities. Exposure to companies in any one particular foreign country typically is less than 20% of the Funds total assets. The Fund also may have exposure to companies located in, and/or doing business in, emerging markets. Generally, in determining whether to buy or sell a security, ICON identifies industries, sectors and countries that our methodology suggests are underpriced relative to our calculation of intrinsic value.
In determining whether to buy or sell a security, the Fund may consider various other factors, including whether the security has sufficiently exceeded ICONs calculation of the securitys intrinsic value price, whether a value-oriented company has failed to actualize that value, the effect of commodity price trends on certain holdings, the relative strength of the security in the industry, sector or market in general, or whether a company has experienced a change in its valuation. The Fund may also sell a security to take advantage of what it believes are more attractive investment opportunities, to reduce the Funds holding in that security, or to raise cash.
C000024058 Costs and Fees
C000024058 costs about $150 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.50%
- Gross expense ratio: 1.70%
- Portfolio turnover: 111%
- Brokerage commissions: 27.77 bps of average net assets (SEC N-CEN)
C000024058 Cashflows
Over the 12 months to 2020-06, ICON Natural Resourses Fund had net outflows of $8.53M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | −$566.47K |
| 2020-05 | −$504.43K |
| 2020-04 | −$1.06M |
| 2020-03 | −$804.05K |
| 2020-02 | −$1.48M |
| 2020-01 | −$4.11M |
C000024058 Debt Constituents
No individual debt constituents are reported in ICON Natural Resourses Fund's latest SEC N-PORT filing.
C000024058 Prospectus and SEC Filings
Official ICON Natural Resourses Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Commodity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.