ICBAX: ICON Natural Resources and Infrastructure Fund - MutualFunds.com

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ICON Natural Resources and Infras Inv

ICBAX - Snapshot

Vitals

  • YTD Return -4.1%
  • 3 Yr Annualized Return -1.5%
  • 5 Yr Annualized Return 6.0%
  • Net Assets $104 M
  • Holdings in Top 10 44.6%

52 WEEK LOW AND HIGH

$12.35
$7.24
$13.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.19%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 111.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Compare ICBAX to Popular Natural Resources Industry Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$66.00

+0.37%

$3.91 B

1.85%

$1.21

7.46%

0.13%

$28.22

+0.04%

$3.03 B

3.86%

$1.09

-15.84%

0.47%

$29.16

+0.55%

$2.52 B

2.59%

$0.75

-15.23%

0.69%

$72.04

+0.42%

$2.28 B

1.85%

$1.33

5.32%

0.10%

$141.39

+0.41%

$2.28 B

1.84%

$2.60

5.40%

0.10%

ICBAX - Profile

Distributions

  • YTD Total Return -4.1%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.29%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    ICON Natural Resources and Infrastructure Fund
  • Fund Family Name
    ICON Funds
  • Inception Date
    Sep 30, 2010
  • Shares Outstanding
    114355
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Callahan

Fund Description

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies the Advisor considers Natural Resources and/or Infrastructure focused, which are companies in the Energy, Industrials, Materials and Utilities sectors. Equity securities in which the fund may invest include common stocks and preferred stocks of companies of any market capitalization. It is non-diversified.


ICBAX - Performance

Return Ranking - Trailing

Period ICBAX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -37.2% 54.3% 49.54%
1 Yr -4.4% -32.6% 64.6% 56.48%
3 Yr -1.5%* -29.0% 12.2% 37.50%
5 Yr 6.0%* -12.5% 18.7% 40.82%
10 Yr 4.9%* -16.1% 10.3% 33.33%

* Annualized

Return Ranking - Calendar

Period ICBAX Return Category Return Low Category Return High Rank in Category (%)
2019 19.9% -25.1% 36.9% 22.43%
2018 -31.8% -46.3% -6.8% 93.07%
2017 15.2% -39.4% 59.0% 53.54%
2016 22.6% -8.0% 446.7% 56.52%
2015 -23.1% -57.9% 80.5% 53.93%

Total Return Ranking - Trailing

Period ICBAX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -37.2% 54.3% 49.54%
1 Yr -4.4% -35.9% 64.6% 56.48%
3 Yr -1.5%* -29.9% 12.2% 37.50%
5 Yr 6.0%* -12.8% 18.7% 40.82%
10 Yr 4.9%* -16.1% 10.3% 33.33%

* Annualized

Total Return Ranking - Calendar

Period ICBAX Return Category Return Low Category Return High Rank in Category (%)
2019 19.9% -25.1% 36.9% 22.43%
2018 -31.8% -46.3% -6.7% 94.06%
2017 15.2% -3.9% 59.0% 53.54%
2016 23.2% -8.0% 103.4% 53.26%
2015 -17.0% -57.9% 0.6% 34.83%

NAV & Total Return History


ICBAX - Holdings

Concentration Analysis

ICBAX Category Low Category High ICBAX % Rank
Net Assets 104 M 788 K 3.91 B 73.87%
Number of Holdings 49 2 317 52.25%
Net Assets in Top 10 46.3 M 419 K 2.64 B 73.87%
Weighting of Top 10 44.58% 17.8% 99.2% 46.85%

Top 10 Holdings

  1. International Paper Co 5.73%
  2. Avery Dennison Corp 5.53%
  3. Packaging Corp of America 5.35%
  4. Gold Fields Ltd ADR 4.73%
  5. Wheaton Precious Metals Corp 4.11%
  6. Newmont Corp 4.03%
  7. Masco Corp 3.98%
  8. RPM International Inc 3.97%
  9. Celanese Corp Class A 3.93%
  10. Sherwin-Williams Co 3.77%

Asset Allocation

Weighting Return Low Return High ICBAX % Rank
Stocks
99.00% 81.88% 100.09% 47.75%
Cash
1.00% -0.09% 12.58% 52.25%
Preferred Stocks
0.00% 0.00% 1.39% 33.33%
Other
0.00% -4.49% 3.58% 30.63%
Convertible Bonds
0.00% 0.00% 0.62% 32.43%
Bonds
0.00% 0.00% 5.01% 37.84%

Stock Sector Breakdown

Weighting Return Low Return High ICBAX % Rank
Industrials
40.45% 0.00% 66.29% 13.51%
Basic Materials
38.47% 0.00% 100.00% 75.68%
Consumer Cyclical
13.16% 0.00% 41.17% 11.71%
Utilities
6.49% 0.00% 39.26% 20.72%
Energy
1.43% 0.00% 87.52% 58.56%
Technology
0.00% 0.00% 18.81% 58.56%
Real Estate
0.00% 0.00% 39.44% 41.44%
Healthcare
0.00% 0.00% 25.97% 42.34%
Financial Services
0.00% 0.00% 4.76% 43.24%
Communication Services
0.00% 0.00% 0.35% 30.63%
Consumer Defense
0.00% 0.00% 41.32% 60.36%

Stock Geographic Breakdown

Weighting Return Low Return High ICBAX % Rank
US
87.74% 5.36% 99.94% 9.01%
Non US
11.26% 0.00% 94.62% 90.99%

ICBAX - Expenses

Operational Fees

ICBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.19% 0.07% 7.25% 12.73%
Management Fee 1.00% 0.00% 1.25% 90.99%
12b-1 Fee 0.25% 0.00% 1.00% 37.74%
Administrative Fee 0.10% 0.00% 0.25% 23.81%

Sales Fees

ICBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.30% 5.75% 15.79%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ICBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.30% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ICBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 111.00% 3.00% 129.00% 98.18%

ICBAX - Distributions

Dividend Yield Analysis

ICBAX Category Low Category High ICBAX % Rank
Dividend Yield 0.00% 0.00% 5.80% 51.35%

Dividend Distribution Analysis

ICBAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ICBAX Category Low Category High ICBAX % Rank
Net Income Ratio 1.29% -1.04% 5.95% 61.82%

Capital Gain Distribution Analysis

ICBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

ICBAX - Fund Manager Analysis

Managers

Scott Callahan


Start Date

Tenure

Tenure Rank

May 30, 2019

1.34

1.3%

Scott Callahan joined ICON in 2005 as a Research Analyst and was promoted to Assistant Portfolio Manager in January 2006. He left ICON in August 2006 to pursue his MBA, which he received from New York University in 2008. Mr. Callahan became a Portfolio Manager in 2008. Mr. Callahan received a bachelor’s degree in psychology from the University of Colorado.

Craig Callahan


Start Date

Tenure

Tenure Rank

May 30, 2019

1.34

1.3%

Craig Callahan is the company Founder, Chief Executive Officer, President and Chairman of the Investment Committee of ICON Advisers, Inc. Mr. Callahan received his doctorate of business administration in finance and statistics from Kent State University in 1979 and a Bachelor of Science degree from Ohio State University in 1973. From 1986 to 2005, he served as ICON’s Chief Investment Officer. He holds the FINRA Series 7, 24, 63, 65, and 66 registrations.

Brian Callahan


Start Date

Tenure

Tenure Rank

May 30, 2019

1.34

1.3%

Brian Callahan is ICON’s Investment Committee member for separately managed accounts (SMAs) and institutional accounts. He first joined ICON in 2000 as a Research Analyst while attending Colorado State University. In 2007, he received a master’s in business administration from The Ohio State University and returned as a Research Analyst. In 2008, he became an Investment Committee member and Portfolio Manager.From 2008 until January 2011 he managed ICON’s separately managed accounts. From 2011 to 2014 Mr. Callahan was ICON’s Director of Marketing. From 2014 to 2018 Mr. Callahan managed ICON’s strategy based portfolios and tactical allocation portfolios .He was previously employed as a treasury administrator at Citi Fund Services . He holds a FINRA Series 7 registration.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 22.52 6.65 14.18