ICNAX — ICON Fund

ICNAX Fund Overview

ICNAX — ICON Fund is a US mutual fund managed by ICON Funds, categorised as 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: Value Equity
• Assets under management: $36.46M
• Ticker: ICNAX
• SEC CIK: 0001025770
• SEC series ID: S000005057
• Share class ID: C000033809

ICNAX Investment Objective and Strategy

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

Investment objective

Seeks capital appreciation,

Principal investment strategy

The Fund uses a quantitative methodology to identify securities ICON believes are underpriced relative to value. Normally the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities traded in the U.S. 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. 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. Equity securities in which the Fund may invest include common stocks and preferred stocks of companies of any market capitalization.

ICNAX Costs and Fees

ICNAX costs about $151 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.51%
• Gross expense ratio: 1.73%
• Portfolio turnover: 31%
• Brokerage commissions: 4.14 bps of average net assets (SEC N-CEN)

ICNAX Cashflows

Over the 12 months to 2020-06, ICON Fund had net outflows of $3.30M, from monthly SEC N-PORT filings.

ICNAX Debt Constituents

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

ICNAX Prospectus and SEC Filings

Official ICON 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 Value Equity funds tracked on ABC INVEST:

• Leland Real Asset Opportunities Fund (GHTAX)
• American Beacon The London Company Income Equity ETF (TLIE)
• FT Vest Laddered Autocallable Buffer & Resilient Income ETF (ACYB)
• Janus Henderson International Equity Enhanced Income ETF (JIDO)
• Principal Finisterre Emerging Markets Diversified Income ETF (EMDI)

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.