ICIAX — ICON Industrials Fund

ICIAX Fund Overview

ICIAX — ICON Industrials Fund is a US mutual fund managed by ICON Funds, categorised as Global (incl. US) 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: Global (incl. US) Value Equity
• Assets under management: $9.64M
• Ticker: ICIAX
• SEC CIK: 0001025770
• SEC series ID: S000008834
• Share class ID: C000094052

ICIAX Investment Objective and Strategy

ICON Industrials 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 in the Industrials sector (as determined by the Global Industry Classification Standard) including, but not limited to: Aerospace & Defense, Agricultural & Farm Machinery, Air Freight & Logistics, Airlines, Airport Services, Building Products, Commercial Printing, Construction & Engineering, Construction Machinery & Heavy Trucks, Diversified Support Services, Electrical Components & Equipment, Environmental & Facilities Services, Heavy Electrical Equipment, Highways & Railtracks, Human Resources & Employment Services, Industrial Conglomerates, Industrial Machinery, Marine, Marine Ports & Services, Office Services & Supplies, Railroads, Research & Consulting Services, Security & Alarm Services, Trading Companies & Distributors, and Trucking.

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.

ICIAX Costs and Fees

ICIAX costs about $175 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.75%
• Gross expense ratio: 2.38%
• Portfolio turnover: 78%
• Brokerage commissions: 10.55 bps of average net assets (SEC N-CEN)

ICIAX Cashflows

Over the 12 months to 2020-06, ICON Industrials Fund had net outflows of $2.73M, from monthly SEC N-PORT filings.

ICIAX Debt Constituents

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

ICIAX Prospectus and SEC Filings

Official ICON Industrials 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 Global (incl. US) Value Equity funds tracked on ABC INVEST:

• FPA U.S. Value Fund, Inc. (FPPFX)
• ICON Consumer Discretionary Fund (ICCCX)
• Gabelli RBI Fund (GRBIX)
• Gabelli RBI NextShares (GRBIC)
• Intrepid Select Fund (ICMTX)

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.