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ICON Flexible Bond Investor IOBAX

Medalist Rating as of | See ICON Investment Hub
  • NAV / 1-Day Return 8.55  /  0.00
  • Total Assets 266.2 Mil
  • Adj. Expense Ratio
    1.100%
  • Expense Ratio 1.100%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.65%
  • Effective Duration 1.80 years

USD | NAV as of Mar 01, 2024 | 1-Day Return as of Mar 01, 2024, 11:13 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.

Weakness in ICON Flexible Bond Investor's Process and People Pillar ratings limits this strategy 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.

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Portfolio Holdings IOBAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 26.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Argo Group US, Inc. 0%

4.29 10.8 Mil
Corporate

First American Government Obligs X

4.01 10.1 Mil
Cash and Equivalents

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

3.36 8.5 Mil
Real Estate

American Airlines, Inc. 4%

2.92 7.4 Mil
Securitized

Bank of America Corp DR

2.91 7.4 Mil
Financial Services

Fifth Third Bancorp 8.78543%

2.56 6.5 Mil
Corporate

Prudential Financial, Inc. 5.2%

2.46 6.2 Mil
Corporate

Wells Fargo & Co. 5.9%

2.19 5.5 Mil
Corporate

United Air Lines, Inc. 3.45%

2.17 5.5 Mil
Securitized

BlackRock ESG Capital Allocation Term

1.93 4.9 Mil