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Morningstar

ICON Natural Resources and Infras Inv ICBAX

Morningstar Medalist Rating
Medalist Rating as of | See ICON Investment Hub
  • NAV / 1-Day Return 15.69  /  0.19 %
  • Total Assets 102.6 Mil
  • Adj. Expense Ratio
    1.560%
  • Expense Ratio 1.520%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Natural Resources
  • Investment Style Mid Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 0.84%
  • Turnover 149%

USD | NAV as of May 26, 2023 | 1-Day Return as of May 26, 2023, 10:18 PM GMT+0

Morningstar’s Analysis ICBAX

Will ICBAX 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 ICBAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ICBAX 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 ICBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

ICON Natural Resources and Infras Inv's recent fee cut isn't enough to offset its decreased Parent Pillar rating, resulting in a downgrade to this strategy's Morningstar Medalist Rating to Negative from Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ICBAX

More ICBAX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 40
  • Bond Holdings 0
  • Other Holdings 1
  • % Assets in Top 10 Holdings 29.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
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