Morningstar

ICON Flexible Bond Fund Investor Class IOBAX

Morningstar Medalist Rating
Medalist Rating as of | See ICON Investment Hub
  • NAV / 1-Day Return 8.40  /  +0.12 %
  • Total Assets 557.9M
  • Adj. Expense Ratio
    1.200%
  • Expense Ratio 1.010%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.37%
  • Effective Duration 2.74 years

USD | NAV as of Aug 14, 2026 | 1-Day Return as of Aug 14, 2026, 12:11 AM GMT+0

Morningstar’s Analysis IOBAX

Will IOBAX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

ICON Flexible Bond Investor 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

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Portfolio Holdings IOBAX

More IOBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UMH Properties Inc PRF PERPETUAL USD 25 - Ser D

2.46 13M
Real Estate

STWD 2021-FL2 LTD 6.55166%

2.39 13M
Securitized

PNC Financial Services Group Inc. 3.4%

2.26 12M
Corporate

JPMorgan Chase & Co Pfd

2.18 12M
Financial Services

CRESCENT BK AUTO TR 2026-1 0%

2.07 11M
Securitized

Bxmt Ltd 6.25087%

1.80 10M
Securitized

LAFAYETE FEDERAL CREDIT UNION ASSET TRUST 2026-HI1 5.5%

1.77 9M
Securitized

Altria Group, Inc. 9.95%

1.75 9M
Corporate

Nationwide Financial Services, Inc. 6.75%

1.60 8M
Corporate

AGNC Investment Corp

1.53 8M
Real Estate

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