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ICON

ICON Parent Rating

Below Average

In an increasingly competitive industry, ICON falls behind on a number of key metrics, resulting in a Below Average Parent Pillar rating.

None of the firm’s assets are covered by an invested manager. Team members’ investments are viewed as helping to encourage long-term thinking and align portfolio manager and investor interests. Open-end and exchange-traded fund fees are a weakness at the firm, contributing negatively to the rating. On average, the firm charges fees on its funds that are in the second most-expensive quintile of category peers. With the current market environment of fee compression, this is cause for concern, as investors may flock to alternate asset managers over time to get a better deal. Looking at the firm's risk-adjusted performance, its fund lineup compares similarly to competitors. Across its open-end and exchange-traded funds, the firm's average overall Morningstar Rating is 3.0 stars.

ICON Investments

Market

US Open-end ex MM ex FoF ex Feeder

Total Net Assets

669.54 Mil

Investment Flows (TTM)

17.26 Mil

Asset Growth Rate (TTM)

2.99%

# of Share Classes

14
Morningstar Rating # of Share Classes
0
4
6
4
0
Not Rated 0

Morningstar Mentions

We continue to have a positive long-term outlook for this biotech contract research organization.

Quick Definitions: Key Morningstar Terms

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