ISTAX: ICON Equity Fund Investor

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ISTAX ICON Equity Fund Investor


Profile

ISTAX - Profile

Vitals

  • YTD Return -4.7%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 6.0%
  • Net Assets $12.5 M
  • Holdings in Top 10 57.6%

52 WEEK LOW AND HIGH

$26.48
$16.89
$28.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.08%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -4.7%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    ICON Equity Fund
  • Fund Family Name
    ICON Funds
  • Inception Date
    May 31, 2006
  • Shares Outstanding
    165538
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Craig Callahan

Fund Description

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. 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.


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Categories

Performance

ISTAX - Performance

Return Ranking - Trailing

Period ISTAX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.7% -91.6% 106.0% 97.03%
1 Yr 7.8% -92.0% 96.5% 88.60%
3 Yr 4.2%* -59.0% 38.9% 71.04%
5 Yr 6.0%* -41.4% 22.1% 48.23%
10 Yr 8.7%* -18.4% 18.2% 45.01%

* Annualized

Return Ranking - Calendar

Period ISTAX Return Category Return Low Category Return High Rank in Category (%)
2019 33.0% -67.9% 49.9% 9.38%
2018 -18.3% -65.5% 10.6% 79.54%
2017 26.4% -46.3% 52.2% 11.72%
2016 10.6% -43.3% 15.3% 1.94%
2015 -8.0% -82.5% 11.4% 76.52%

Total Return Ranking - Trailing

Period ISTAX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.7% -91.6% 106.0% 97.03%
1 Yr 7.8% -92.0% 96.5% 88.60%
3 Yr 4.2%* -57.9% 38.9% 84.22%
5 Yr 6.0%* -38.8% 27.1% 76.32%
10 Yr 8.7%* -16.5% 22.3% 78.17%

* Annualized

Total Return Ranking - Calendar

Period ISTAX Return Category Return Low Category Return High Rank in Category (%)
2019 33.0% -67.9% 49.9% 9.38%
2018 -18.3% -65.5% 16.5% 86.17%
2017 26.4% -28.2% 52.2% 47.05%
2016 10.6% -43.3% 17.1% 4.52%
2015 -8.0% -38.0% 17.3% 88.91%

NAV & Total Return History


Holdings

ISTAX - Holdings

Concentration Analysis

ISTAX Category Low Category High ISTAX % Rank
Net Assets 12.5 M 858 K 206 B 96.59%
Number of Holdings 27 1 2209 95.07%
Net Assets in Top 10 8.5 M 399 K 71.6 B 94.24%
Weighting of Top 10 57.61% 13.2% 100.0% 4.17%

Top 10 Holdings

  1. Mastercard Inc A 11.63%
  2. CSX Corp 6.16%
  3. EPAM Systems Inc 5.32%
  4. Nike Inc B 5.15%
  5. Global Payments Inc 5.11%
  6. ServiceNow Inc 5.00%
  7. Voya Financial Inc 4.98%
  8. Dollar General Corp 4.94%
  9. Bank of America Corp 4.73%
  10. Microsoft Corp 4.60%

Asset Allocation

Weighting Return Low Return High ISTAX % Rank
Stocks
99.30% 82.99% 103.32% 31.24%
Cash
0.70% -3.33% 17.02% 63.38%
Preferred Stocks
0.00% 0.00% 2.55% 38.13%
Other
0.00% -3.26% 5.14% 40.86%
Convertible Bonds
0.00% 0.00% 0.52% 32.90%
Bonds
0.00% -0.24% 13.73% 35.94%

Stock Sector Breakdown

Weighting Return Low Return High ISTAX % Rank
Financial Services
29.62% 0.00% 41.40% 1.21%
Technology
26.65% 10.36% 54.73% 72.02%
Industrials
19.09% 0.00% 24.88% 0.30%
Consumer Cyclical
10.05% 0.00% 44.53% 84.23%
Consumer Defense
5.06% 0.00% 21.78% 31.61%
Healthcare
4.38% 0.00% 48.60% 98.26%
Energy
2.93% 0.00% 8.11% 4.78%
Basic Materials
2.01% 0.00% 11.07% 30.40%
Communication Services
0.13% 0.00% 29.93% 97.50%
Utilities
0.04% 0.00% 6.86% 31.92%
Real Estate
0.03% 0.00% 22.16% 78.09%

Stock Geographic Breakdown

Weighting Return Low Return High ISTAX % Rank
US
97.13% 78.13% 100.25% 25.47%
Non US
2.17% 0.00% 18.14% 67.55%

Expenses

ISTAX - Expenses

Operational Fees

ISTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.08% 0.01% 24.73% 8.57%
Management Fee 0.75% 0.00% 1.40% 78.36%
12b-1 Fee 0.25% 0.00% 1.00% 33.43%
Administrative Fee 0.10% 0.01% 1.02% 43.66%

Sales Fees

ISTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.50% 8.50% 16.84%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ISTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

ISTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 464.00% 35.35%

Distributions

ISTAX - Distributions

Dividend Yield Analysis

ISTAX Category Low Category High ISTAX % Rank
Dividend Yield 0.00% 0.00% 19.49% 34.24%

Dividend Distribution Analysis

ISTAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

ISTAX Category Low Category High ISTAX % Rank
Net Income Ratio -0.39% -2.06% 2.43% 76.57%

Capital Gain Distribution Analysis

ISTAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ISTAX - Fund Manager Analysis

Managers

Craig Callahan


Start Date

Tenure

Tenure Rank

Jan 24, 2011

9.44

9.4%

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

Apr 29, 2020

0.17

0.2%

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

Apr 29, 2020

0.17

0.2%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 52.53 8.31 1.17