Morningstar

ICON Natural Resources and Infrastructure Fund Investor Class ICBAX

Morningstar Medalist Rating
Medalist Rating as of | See ICON Investment Hub
  • NAV / 1-Day Return 21.01  /  +0.43 %
  • Total Assets 133.3M
  • Adj. Expense Ratio
    1.560%
  • Expense Ratio 1.560%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Natural Resources
  • Investment Style Small Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 0.73%
  • Turnover 154%

USD | NAV as of Jul 15, 2026 | 1-Day Return as of Jul 15, 2026, 12:11 AM GMT+0

Morningstar’s Analysis ICBAX

Will ICBAX outperform in the 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 Automated Analysis

Morningstar Automated Analysis

Summary

ICON Natural Resources and Infras Inv holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings ICBAX

More ICBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 40.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Carpenter Technology Corp

5.94 8M
Industrials

Douglas Dynamics Inc

5.00 7M
Consumer Cyclical

ZTO Express (Cayman) Inc ADR

4.31 6M
Industrials

Knight-Swift Transportation Holdings Inc Class A

4.04 5M
Industrials

BHP Group Ltd ADR

3.86 5M
Basic Materials

Antero Resources Corp

3.65 5M
Energy

ArcelorMittal SA Depository Receipt

3.61 5M
Basic Materials

Century Aluminum Co

3.41 5M
Basic Materials

Steel Dynamics Inc

3.40 5M
Basic Materials

HF Sinclair Corp

3.35 5M
Energy

Sponsor Center