ICON Flexible Bond Fund

C000094043 Fund Overview

ICON Flexible Bond Fund is a US mutual fund managed by ICON Funds, categorised as Bond. 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: Bond
• Assets under management: $157.37M
• SEC CIK: 0001025770
• SEC series ID: S000005058
• Share class ID: C000094043

C000094043 Investment Objective and Strategy

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

Investment objective

Seeks maximum total return.

Principal investment strategy

The Fund uses a valuation 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 a broad range of U.S. dollar-denominated fixed income products. These include corporate bonds, notes and debentures, and effective March 31, 2018, closed-end funds that invest at least 80% of their assets in bonds, as well as U.S. government and agency securities. This strategy may not be changed unless Fund shareholders are given at least 60 days’ prior notice. The Fund generally invests in investment-grade securities, although the Fund may invest up to 35% of its assets in securities with a lower rating by both S&P and Moodys. There is no limit on the Fund’s average maturity or on the maturity of any individual issues in the Fund.

C000094043 Costs and Fees

C000094043 costs about $117 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.17%
• Gross expense ratio: 1.56%
• Portfolio turnover: 144%
• Brokerage commissions: 3.34 bps of average net assets (SEC N-CEN)

C000094043 Cashflows

Over the 12 months to 2020-06, ICON Flexible Bond Fund had net inflows of $2.82M, from monthly SEC N-PORT filings.

C000094043 Debt Constituents

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

C000094043 Prospectus and SEC Filings

Official ICON Flexible Bond 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 Bond funds tracked on ABC INVEST:

• Great-West T. Rowe Price Equity Income Fund (MXTQX)
• Absolute Return Currency Fund (JCUAX)
• Tributary Growth Opportunities Fund (FOGRX)
• Oakhurst Fixed Income Fund (FWFIX)
• Adaptive Hedged High Income Fund (CHIIX)

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.