ICONX — ICON Opportunities Fund

ICONX Fund Overview

ICONX — ICON Opportunities Fund is a US mutual fund managed by ICON Funds, categorised as Real Estate. 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: Real Estate
• Assets under management: $12.95M
• Ticker: ICONX
• SEC CIK: 0001025770
• SEC series ID: S000038382
• Share class ID: C000118413

ICONX Investment Objective and Strategy

ICON Opportunities 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 industries and sectors in small company securities that ICONs methodology suggests are underpriced or overpriced relative to our calculation of intrinsic value. ICON believes that the 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. We sell industries we believe 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 of small company equities distinguishes us from other small company investment managers.

Normally, the Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in companies with a market capitalization that are within or below the range of companies in the S&P SmallCap 600 Index. The market capitalization of the companies in the Funds portfolio and the S&P SmallCap 600 Index changes over time, and the Fund will not sell a stock just because the company has grown to a market capitalization outside the range. This strategy may not be changed unless Fund shareholders are given at least 60 days prior notice. The Fund invests primarily in equity securities, including common stocks, preferred stocks, and equity interests in trusts (including real estate investment trusts), partnerships, joint ventures, and limited liability companies.

The Fund considers equity securities to include rights offerings and investments that convert into the equity securities.

ICONX Costs and Fees

ICONX costs about $131 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.31%
• Gross expense ratio: 1.46%
• Portfolio turnover: 41%
• Brokerage commissions: 16.18 bps of average net assets (SEC N-CEN)

ICONX Cashflows

Over the 12 months to 2020-06, ICON Opportunities Fund had net outflows of $1.17M, from monthly SEC N-PORT filings.

ICONX Debt Constituents

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

ICONX Prospectus and SEC Filings

Official ICON Opportunities 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 Real Estate funds tracked on ABC INVEST:

• Trend Aggregation Dividend And Income Fund (TRADX)
• Leatherback Long/Short Absolute Return ETF (LBAR)
• VanEck Real Estate TruSector ETF (TRUR)

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.