ICON Equity Income Fund

C000033811 Fund Overview

ICON Equity Income Fund is a US mutual fund managed by ICON Funds, categorised as United States Value Equity. 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: United States Value Equity
• Assets under management: $56.38M
• SEC CIK: 0001025770
• SEC series ID: S000005060
• Share class ID: C000033811

C000033811 Investment Objective and Strategy

ICON Equity Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ICON Funds.

Investment objective

Seeks modest capital appreciation and income.

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 of any market capitalization, including convertible and preferred securities, and in securities issued by dividend-paying companies. This strategy may not be changed unless Fund shareholders are given at least 60 days prior notice. ICON believes that equity markets go through themes over time, simply stated, stocks in industries that were market leaders at one time tend to become overpriced relative to intrinsic value, and stocks in industries that were not in favor tend to drop below intrinsic value. In general, the Fund will sell industries ICON believes are overpriced and buy industries we believe are underpriced.

The Fund may invest up to 25% of its assets in a single industry. ICONs combination of industry rotation and bottom-up valuation distinguishes us from other investment managers. The Fund may also invest in U.S. government agencies or government sponsored enterprises and investment-grade securities, although the Fund may invest up to 25% of its total assets in securities with a lower rating by both S&P and Moodys.

C000033811 Costs and Fees

C000033811 costs about $128 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.28%
• Gross expense ratio: 1.54%
• Portfolio turnover: 117%
• Brokerage commissions: 24.20 bps of average net assets (SEC N-CEN)

C000033811 Cashflows

Over the 12 months to 2020-06, ICON Equity Income Fund had net outflows of $9.63M, from monthly SEC N-PORT filings.

C000033811 Debt Constituents

No individual debt constituents are reported in ICON Equity Income Fund's latest SEC N-PORT filing.

C000033811 Prospectus and SEC Filings

Official ICON Equity Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-02-03
• Prospectus (485BPOS) — filed 2019-02-07
• Prospectus (485BPOS) — filed 2018-02-02
• Portfolio holdings (N-PORT) — filed 2020-08-27
• Portfolio holdings (N-PORT) — filed 2020-05-27
• Annual census (N-CEN) — filed 2019-12-12
• Annual census (N-CEN) — filed 2018-12-06

Related Funds

Other United States Value Equity funds tracked on ABC INVEST:

• Dfa International Value Portfolio (DFIVX)
• Dfa International Value Portfolio III (DFVIX)
• HCM Dividend Sector Plus Fund (HCMNX)
• Eaton Vance Emerging Markets Local Income Fund (EEIAX)
• Eaton Vance High Income Opportunities Fund (ETHIX)

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.