ICON

In an increasingly competitive industry, ICON falls behind on a number of key metrics, resulting in a Below Average Parent Pillar rating. A quality holding back ICON from the top tier of stewards is its managers' limited personal investments in their respective products, which helps to align portfolio manager and shareholder interests. Currently, none of the firm’s assets are covered by invested managers. 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. The product lineup at ICON has exhibited exemplary durability when looked at over the past three years. Notably, its three-year risk-adjusted success ratio stands at 100%, meaning that 100% of its products have survived and beaten their respective category median on a risk-adjusted basis.