IOLCX — ICON Long/Short Fund

IOLCX Fund Overview

IOLCX — ICON Long/Short 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: $14.87M
• Ticker: IOLCX
• SEC CIK: 0001025770
• SEC series ID: S000005061
• Share class ID: C000013845

IOLCX Investment Objective and Strategy

ICON Long/Short 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. It normally invests in equity securities of companies of any market capitalization and traded in U.S. markets. The Fund will generally take long positions in equity securities identified as undervalued and take short positions in equity securities identified as overvalued. This strategy may not be changed unless Fund shareholders are given at least 60 days prior notice. Each long or short position will be determined by considering the tradeoff between the attractiveness of each position and its impact on the risk of the overall portfolio. 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.

IOLCX Costs and Fees

IOLCX costs about $231 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.31%
• Gross expense ratio: 2.85%
• Portfolio turnover: 31%
• Brokerage commissions: 7.53 bps of average net assets (SEC N-CEN)

IOLCX Cashflows

Over the 12 months to 2020-06, ICON Long/Short Fund had net outflows of $3.81M, from monthly SEC N-PORT filings.

IOLCX Debt Constituents

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

IOLCX Prospectus and SEC Filings

Official ICON Long/Short 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.