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Morningstar

ICON Flexible Bond Investor IOBAX

Morningstar Medalist Rating
Medalist Rating as of | See ICON Investment Hub
  • NAV / 1-Day Return 8.61  /  +0.12 %
  • Total Assets 315.9 Mil
  • Adj. Expense Ratio
    1.250%
  • Expense Ratio 1.250%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.21%
  • Effective Duration 2.16 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis IOBAX

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

  • People Pillar

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

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit ICON Flexible Bond Investor 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 IOBAX

More IOBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Argo Group US, Inc. 0%

3.57 10.9 Mil
Corporate

American Airlines, Inc. 4%

2.91 8.9 Mil
Securitized

Equity Commonwealth 6.5 % Cum Conv Pfd Registered Shs Series -D-

2.89 8.8 Mil
Real Estate

NGL Energy Partners LP Cum Red Perp Pfd Units -B-

2.88 8.8 Mil
Energy

American Airlines, Inc. 3.85%

2.64 8.1 Mil
Securitized

Farm Credit Bank of Texas 7.75%

2.38 7.3 Mil
Government

United Air Lines, Inc. 3.45%

2.37 7.2 Mil
Securitized

BlackRock ESG Capital Allocation Term

2.28 7.0 Mil
—

Fifth Third Bancorp 8.69252%

2.19 6.7 Mil
Corporate

JPMorgan Chase & Co. 5%

2.01 6.1 Mil
Corporate