ICON UTILITIES AND INCOME FUND
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
17.3%
1 yr return
24.4%
3 Yr Avg Return
2.7%
5 Yr Avg Return
5.2%
Net Assets
$20.9 M
Holdings in Top 10
59.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ICTUX - Profile
Distributions
- YTD Total Return 17.3%
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 5.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.06%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameICON UTILITIES AND INCOME FUND
-
Fund Family NameSHELTONCAP
-
Inception DateJul 09, 1997
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Callahan
Fund Description
The Fund uses a quantitative methodology to identify securities ICON Advisers, Inc. (“ICON”) the Fund’s investment sub-advisor 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 Utilities sectors (as determined by the Global Industry Classification Standard) including, but not limited to: Electric Utilities, Gas Utilities, Independent Power Producers & Energy Traders, Multi-utilities, Renewable Electricity and Water Utilities. 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.
ICON’s quantitative methodology calculates intrinsic value using average earnings per share, future earnings growth estimates, beta, and bond yield. This calculated intrinsic value for each individual stock is aggregated by industry and sector which enables ICON to identify value opportunities within industries and sectors. ICON then employs a tactical, rotation-based process that tilts the Fund toward industries and sectors ICON believes will outperform.
ICTUX - Performance
Return Ranking - Trailing
| Period | ICTUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.3% | 4.7% | 50.7% | 84.75% |
| 1 Yr | 24.4% | 13.5% | 68.0% | 93.10% |
| 3 Yr | 2.7%* | -9.7% | 18.4% | 89.66% |
| 5 Yr | 5.2%* | -9.3% | 12.2% | 82.76% |
| 10 Yr | 7.9%* | -0.8% | 10.7% | 56.86% |
* Annualized
Return Ranking - Calendar
| Period | ICTUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -14.6% | -20.0% | 0.8% | 91.53% |
| 2022 | -9.4% | -21.0% | 3.5% | 76.27% |
| 2021 | 13.0% | 0.2% | 26.5% | 25.42% |
| 2020 | -4.3% | -18.4% | 8.1% | 55.93% |
| 2019 | 15.8% | 7.0% | 26.2% | 74.14% |
Total Return Ranking - Trailing
| Period | ICTUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.3% | 4.7% | 50.7% | 84.75% |
| 1 Yr | 24.4% | 13.5% | 68.0% | 93.10% |
| 3 Yr | 2.7%* | -9.7% | 18.4% | 89.66% |
| 5 Yr | 5.2%* | -9.3% | 12.2% | 82.76% |
| 10 Yr | 7.9%* | -0.8% | 10.7% | 56.86% |
* Annualized
Total Return Ranking - Calendar
| Period | ICTUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -11.7% | -19.5% | 3.4% | 96.61% |
| 2022 | 4.8% | -19.7% | 19.1% | 15.25% |
| 2021 | 22.2% | 5.6% | 30.1% | 3.39% |
| 2020 | 1.4% | -18.1% | 9.0% | 42.37% |
| 2019 | 22.2% | 9.7% | 29.4% | 63.79% |
NAV & Total Return History
ICTUX - Holdings
Concentration Analysis
| ICTUX | Category Low | Category High | ICTUX % Rank | |
|---|---|---|---|---|
| Net Assets | 20.9 M | 14.9 M | 11.9 B | 98.33% |
| Number of Holdings | 22 | 19 | 220 | 98.33% |
| Net Assets in Top 10 | 12.3 M | 5.45 M | 8.18 B | 88.33% |
| Weighting of Top 10 | 59.68% | 22.9% | 72.8% | 26.67% |
Top 10 Holdings
- Atmos Energy Corp. COM NPV 6.78%
- National Fuel Gas Company COM USD1 6.70%
- NextEra Energy Inc COM USD0.01 6.66%
- NiSource Inc. COM USD0.01 6.58%
- Allete Inc COM NPV 6.25%
- American Electric Power Co, Inc. COM USD6.50 6.21%
- Avangrid Inc COM NPV 5.53%
- Ameren Corp. COM USD0.01 5.20%
- Eversource Energy COM USD5 4.95%
- Dominion Energy Inc COM STK NPV 4.82%
Asset Allocation
| Weighting | Return Low | Return High | ICTUX % Rank | |
|---|---|---|---|---|
| Stocks | 100.35% | 0.00% | 115.46% | 6.67% |
| Cash | 0.29% | -15.47% | 31.10% | 83.33% |
| Preferred Stocks | 0.00% | 0.00% | 0.03% | 65.00% |
| Other | 0.00% | -33.23% | 0.81% | 78.33% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 65.00% |
| Bonds | 0.00% | 0.00% | 99.77% | 71.67% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ICTUX % Rank | |
|---|---|---|---|---|
| Utilities | 76.92% | 50.08% | 100.00% | 78.33% |
| Energy | 9.93% | 0.00% | 31.61% | 26.67% |
| Industrials | 6.28% | 0.00% | 27.59% | 11.67% |
| Financial Services | 4.19% | 0.00% | 4.98% | 13.33% |
| Communication Services | 2.67% | 0.00% | 47.17% | 38.33% |
| Technology | 0.00% | 0.00% | 6.09% | 83.33% |
| Real Estate | 0.00% | 0.00% | 13.29% | 68.33% |
| Healthcare | 0.00% | 0.00% | 3.34% | 68.33% |
| Consumer Defense | 0.00% | 0.00% | 0.56% | 68.33% |
| Consumer Cyclical | 0.00% | 0.00% | 2.09% | 65.00% |
| Basic Materials | 0.00% | 0.00% | 4.68% | 70.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ICTUX % Rank | |
|---|---|---|---|---|
| US | 100.35% | 0.00% | 100.35% | 3.33% |
| Non US | 0.00% | 0.00% | 47.25% | 81.67% |
ICTUX - Expenses
Operational Fees
| ICTUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.45% | 0.08% | 2.50% | 25.00% |
| Management Fee | 1.00% | 0.03% | 1.00% | 96.67% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.90% |
| Administrative Fee | 0.10% | 0.04% | 0.26% | 26.67% |
Sales Fees
| ICTUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| ICTUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| ICTUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 33.00% | 3.00% | 209.00% | 66.67% |
ICTUX - Distributions
Dividend Yield Analysis
| ICTUX | Category Low | Category High | ICTUX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.71% | 0.00% | 9.34% | 55.00% |
Dividend Distribution Analysis
| ICTUX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| ICTUX | Category Low | Category High | ICTUX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.06% | 0.31% | 7.85% | 41.67% |
Capital Gain Distribution Analysis
| ICTUX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.042 | OrdinaryDividend |
| Jun 28, 2024 | $0.059 | OrdinaryDividend |
| Mar 28, 2024 | $0.051 | OrdinaryDividend |
| Dec 29, 2023 | $0.060 | OrdinaryDividend |
| Sep 29, 2023 | $0.059 | OrdinaryDividend |
| Jun 30, 2023 | $0.057 | OrdinaryDividend |
| Mar 31, 2023 | $0.063 | OrdinaryDividend |
| Dec 30, 2022 | $0.058 | OrdinaryDividend |
| Nov 30, 2022 | $0.691 | CapitalGainLongTerm |
| Sep 30, 2022 | $0.054 | OrdinaryDividend |
| Jun 30, 2022 | $0.047 | OrdinaryDividend |
| Mar 31, 2022 | $0.045 | OrdinaryDividend |
| Dec 31, 2021 | $0.058 | OrdinaryDividend |
| Dec 31, 2021 | $0.591 | CapitalGainShortTerm |
| Sep 30, 2021 | $0.058 | OrdinaryDividend |
| Jun 30, 2021 | $0.053 | OrdinaryDividend |
| Mar 31, 2021 | $0.045 | OrdinaryDividend |
| Dec 31, 2020 | $0.052 | OrdinaryDividend |
| Nov 30, 2020 | $0.122 | CapitalGainShortTerm |
| Nov 30, 2020 | $0.275 | CapitalGainLongTerm |
| Jun 30, 2020 | $0.043 | OrdinaryDividend |
| Mar 31, 2020 | $0.048 | OrdinaryDividend |
| Dec 27, 2019 | $0.049 | OrdinaryDividend |
| Dec 19, 2019 | $0.215 | CapitalGainShortTerm |
| Dec 19, 2019 | $0.111 | CapitalGainLongTerm |
| Sep 30, 2019 | $0.032 | OrdinaryDividend |
| Jun 28, 2019 | $0.067 | OrdinaryDividend |
| Mar 29, 2019 | $0.069 | OrdinaryDividend |
| Dec 28, 2018 | $0.090 | OrdinaryDividend |
| Dec 19, 2018 | $0.018 | CapitalGainShortTerm |
| Dec 19, 2018 | $0.035 | CapitalGainLongTerm |
| Sep 28, 2018 | $0.070 | OrdinaryDividend |
| Jun 29, 2018 | $0.086 | OrdinaryDividend |
| Mar 29, 2018 | $0.076 | OrdinaryDividend |
| Dec 29, 2017 | $0.080 | OrdinaryDividend |
| Dec 20, 2017 | $0.206 | CapitalGainShortTerm |
| Dec 20, 2017 | $0.277 | CapitalGainLongTerm |
| Sep 29, 2017 | $0.066 | OrdinaryDividend |
| Jun 30, 2017 | $0.066 | OrdinaryDividend |
| Mar 31, 2017 | $0.068 | OrdinaryDividend |
| Dec 30, 2016 | $0.071 | OrdinaryDividend |
| Dec 20, 2016 | $0.584 | CapitalGainShortTerm |
| Dec 20, 2016 | $0.208 | CapitalGainLongTerm |
| Sep 30, 2016 | $0.064 | OrdinaryDividend |
| Jun 30, 2016 | $0.076 | OrdinaryDividend |
| Mar 31, 2016 | $0.063 | OrdinaryDividend |
| Dec 31, 2015 | $0.069 | OrdinaryDividend |
| Sep 24, 2015 | $0.060 | OrdinaryDividend |
| Jun 30, 2015 | $0.067 | OrdinaryDividend |
| Mar 31, 2015 | $0.067 | OrdinaryDividend |
| Dec 31, 2014 | $0.068 | OrdinaryDividend |
| Sep 30, 2014 | $0.072 | OrdinaryDividend |
| Jun 30, 2014 | $0.070 | OrdinaryDividend |
| Mar 31, 2014 | $0.044 | OrdinaryDividend |
| Dec 31, 2013 | $0.049 | OrdinaryDividend |
| Sep 30, 2013 | $0.053 | OrdinaryDividend |
| Jun 28, 2013 | $0.056 | OrdinaryDividend |
| Mar 28, 2013 | $0.048 | OrdinaryDividend |
| Dec 31, 2012 | $0.060 | OrdinaryDividend |
| Sep 28, 2012 | $0.047 | OrdinaryDividend |
| Jun 29, 2012 | $0.055 | OrdinaryDividend |
| Mar 30, 2012 | $0.012 | OrdinaryDividend |
| Dec 30, 2011 | $0.116 | OrdinaryDividend |
| Sep 30, 2011 | $0.113 | OrdinaryDividend |
| Jun 30, 2011 | $0.088 | OrdinaryDividend |
| Dec 16, 2010 | $0.208 | OrdinaryDividend |
| Dec 16, 2009 | $0.136 | OrdinaryDividend |
| Dec 15, 2008 | $0.379 | OrdinaryDividend |
| Dec 17, 2007 | $0.906 | CapitalGainShortTerm |
| Dec 17, 2007 | $0.004 | CapitalGainLongTerm |
| Dec 17, 2007 | $0.064 | OrdinaryDividend |
| Dec 18, 2006 | $0.179 | CapitalGainShortTerm |
| Dec 18, 2006 | $0.452 | CapitalGainLongTerm |
| Dec 18, 2006 | $0.110 | OrdinaryDividend |
| Dec 19, 2005 | $0.067 | CapitalGainShortTerm |
| Dec 19, 2005 | $0.872 | CapitalGainLongTerm |
| Dec 19, 2005 | $0.183 | OrdinaryDividend |
| Dec 21, 2004 | $0.082 | OrdinaryDividend |
| Dec 17, 2003 | $0.071 | OrdinaryDividend |
| Dec 16, 2002 | $0.056 | OrdinaryDividend |
| Dec 17, 2001 | $0.058 | OrdinaryDividend |
ICTUX - Fund Manager Analysis
Managers
Brian Callahan
Start Date
Tenure
Tenure Rank
May 30, 2019
3.01
3.0%
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.
Scott Callahan
Start Date
Tenure
Tenure Rank
May 30, 2019
3.01
3.0%
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
3.01
3.0%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 23.43 | 10.19 | 0.92 |