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Morningstar

ICON Equity Income Institutional IOEZX

Morningstar Medalist Rating
Medalist Rating as of | See ICON Investment Hub
  • NAV / 1-Day Return 15.46  /  +0.98 %
  • Total Assets 46.7 Mil
  • Adj. Expense Ratio
    1.160%
  • Expense Ratio 1.160%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Aggressive Allocation
  • Investment Style Mid Value
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 4.79%
  • Turnover 43%

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:13 PM GMT+0

Morningstar’s Analysis IOEZX

Will IOEZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IOEZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the IOEZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of IOEZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in ICON Equity Income Institutional's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings IOEZX

More IOEZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 43.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

GSK PLC ADR

5.63 2.8 Mil
Healthcare

Amgen Inc

5.54 2.7 Mil
Healthcare

Vector Group Ltd

5.41 2.7 Mil
Consumer Defensive

ING Groep NV ADR

4.82 2.4 Mil
Financial Services

DTE Energy Co

4.25 2.1 Mil
Utilities

Nexstar Media Group Inc

4.12 2.0 Mil
Communication Services

Lockheed Martin Corp

4.06 2.0 Mil
Industrials

Ingredion Inc

3.48 1.7 Mil
Consumer Defensive

KeyCorp

3.45 1.7 Mil
Financial Services

Bristol-Myers Squibb Co

3.13 1.5 Mil
Healthcare