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Name

As of 10/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ICON EQUITY FUND

ISTAX | Fund

$26.11

$51.1 M

0.43%

$0.11

1.36%

Vitals

YTD Return

1.2%

1 yr return

9.9%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

9.2%

Net Assets

$51.1 M

Holdings in Top 10

56.5%

52 WEEK LOW AND HIGH

$26.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ICON EQUITY FUND

ISTAX | Fund

$26.11

$51.1 M

0.43%

$0.11

1.36%

ISTAX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return 9.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.43%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    ICON EQUITY FUND
  • Fund Family Name
    SHELTONCAP
  • Inception Date
    Oct 17, 2002
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Craig Callahan

Fund Description

The Fund uses a quantitative methodology to identify securities ICON Advisors, Inc. (“ICON”) the Fund’s investment sub-advisor, believes are underpriced relative to value. 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. This strategy may not be changed unless Fund shareholders are given at least 60 days prior notice. To manage the risk of holding equity securities, the Fund may write call options or purchase put options on securities or securities indexes.

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.

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 securities in industries ICON believes are overpriced and buy securities in industries we believe are underpriced. The Fund may invest up to 25% of its assets in a single industry. We believe ICON’s combination of industry rotation and bottom-up valuation distinguishes us from other investment managers. Equity securities in which the Fund may invest include common stocks and preferred stocks of companies of any market capitalization.

The Fund may short securities and may also purchase exchange traded funds, including leveraged and inversed exchange-traded funds (“ETFs”). Leveraged ETFs seek to deliver multiples of the performance of the index or benchmark they track. Inverse ETFs (also called “short” funds) seek to deliver the opposite of the performance of the index or benchmark they track. Like traditional ETFs, some leveraged and inverse ETFs track broad indices, some are sector-specific, and others are linked to commodities, currencies, or some other benchmark.

Read More

ISTAX - Performance

Return Ranking - Trailing

Period ISTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.6% 39.4% 99.46%
1 Yr 9.9% 7.5% 58.1% 99.55%
3 Yr -1.5%* -27.6% 25.5% 94.02%
5 Yr 9.2%* -13.0% 30.0% 96.32%
10 Yr 8.3%* -4.5% 20.0% 96.58%

* Annualized

Return Ranking - Calendar

Period ISTAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -74.1% 72.4% 97.29%
2022 -31.2% -85.9% 4.7% 33.18%
2021 10.0% -52.4% 60.5% 43.88%
2020 15.7% -34.3% 145.0% 83.85%
2019 33.0% -6.9% 49.4% 12.02%

Total Return Ranking - Trailing

Period ISTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.6% 39.4% 99.46%
1 Yr 9.9% 7.5% 58.1% 99.55%
3 Yr -1.5%* -27.6% 25.5% 94.02%
5 Yr 9.2%* -13.0% 30.0% 96.32%
10 Yr 8.3%* -4.5% 20.0% 96.58%

* Annualized

Total Return Ranking - Calendar

Period ISTAX Return Category Return Low Category Return High Rank in Category (%)
2023 11.8% -4.6% 72.4% 98.46%
2022 -6.2% -61.7% 5.6% 1.10%
2021 26.4% -39.8% 118.1% 21.43%
2020 15.7% 2.8% 149.2% 97.21%
2019 37.8% -5.2% 49.4% 10.20%

NAV & Total Return History

ISTAX - Holdings

Concentration Analysis

ISTAX Category Low Category High ISTAX % Rank
Net Assets 51.1 M 292 K 287 B 92.74%
Number of Holdings 28 2 3143 93.63%
Net Assets in Top 10 27.5 M 109 K 151 B 92.73%
Weighting of Top 10 56.51% 0.7% 205.0% 37.71%

Top 10 Holdings

  1. LPL Financial Holdings Inc. COM USD0.001 8.02%
  2. MasterCard Incorporated COM USD0.0001 CLASS A 7.63%
  3. Alamo Group Inc COM USD0.10 6.92%
  4. Performance Food Group Co. COM USD0.01 5.36%
  5. Chart Industries Inc COM USD0.01 5.33%
  6. Trinity Industries, Inc. COM USD0.01 5.33%
  7. Baker Hughes Company COM USD0.0001 CL A 5.28%
  8. Armstrong World Industries, Inc. COM STK USD0.01 5.02%
  9. Extreme Networks Inc. COM USD0.001 3.86%
  10. Global Payments Inc COM NPV 3.74%

Asset Allocation

Weighting Return Low Return High ISTAX % Rank
Stocks 		99.93% 0.00% 115.30% 7.09%
Cash 		0.19% 0.00% 173.52% 81.60%
Preferred Stocks 		0.00% 0.00% 10.69% 32.94%
Other 		0.00% -31.50% 50.35% 39.59%
Convertible Bonds 		0.00% 0.00% 1.94% 22.30%
Bonds 		0.00% 0.00% 103.97% 25.22%

Stock Sector Breakdown

Weighting Return Low Return High ISTAX % Rank
Industrials 		30.65% 0.00% 30.65% 0.09%
Technology 		22.71% 0.00% 65.70% 90.83%
Financial Services 		19.62% 0.00% 43.06% 5.76%
Consumer Cyclical 		14.84% 0.00% 62.57% 56.29%
Energy 		10.22% 0.00% 41.09% 2.79%
Basic Materials 		0.90% 0.00% 18.91% 60.79%
Healthcare 		0.43% 0.00% 39.76% 98.92%
Communication Services 		0.24% 0.00% 66.40% 97.57%
Consumer Defense 		0.18% 0.00% 25.50% 86.78%
Real Estate 		0.13% 0.00% 16.05% 66.28%
Utilities 		0.09% 0.00% 16.07% 26.35%

Stock Geographic Breakdown

Weighting Return Low Return High ISTAX % Rank
US 		99.93% 0.00% 115.30% 6.37%
Non US 		0.00% 0.00% 75.51% 46.59%

ISTAX - Expenses

Operational Fees

ISTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.36% 0.01% 28.71% 23.33%
Management Fee 0.75% 0.00% 1.50% 80.20%
12b-1 Fee 0.25% 0.00% 1.00% 31.77%
Administrative Fee 0.10% 0.01% 1.02% 47.99%

Sales Fees

ISTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% 3.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ISTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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 24.00% 0.00% 316.74% 31.33%

ISTAX - Distributions

Dividend Yield Analysis

ISTAX Category Low Category High ISTAX % Rank
Dividend Yield 0.43% 0.00% 27.58% 31.81%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ISTAX Category Low Category High ISTAX % Rank
Net Income Ratio -0.43% -6.13% 3.48% 59.82%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ISTAX - Fund Manager Analysis

Managers

Craig Callahan

Start Date

Tenure

Tenure Rank

Jan 24, 2011

11.36

11.4%

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

2.09

2.1%

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

2.09

2.1%

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
0.04 54.45 8.24 3.08

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