Morningstar

ICON Flexible Bond Fund Investor Class IOBAX

Morningstar Medalist Rating
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Medalist Rating as of See ICON Investment Hub
  • NAV / 1-Day Return $8.17  /  −0.12 %
  • Fund Size $514.5M
  • Adjusted Expense Ratio 1.200%
  • Net Expense Ratio 1.010%
  • Fee Level: Distribution High
  • Share Class Type No Load
  • Morningstar Category Multisector Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 6.60%
  • Average Effective Duration 3.13 yrs
NAV and 1-Day Return as of

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 17.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UMH Properties Inc PRF PERPETUAL USD 25 - Ser D

2.35 12M
Real Estate

JPMorgan Chase & Co Pfd

2.08 11M
Financial Services

CRESCENT BK AUTO TR 2026-1 0%

1.83 9M
Securitized

Bxmt Ltd 6.5002%

1.83 9M
Securitized

LAFAYETE FEDERAL CREDIT UNION ASSET TRUST 2026-HI1 5.5%

1.76 9M
Securitized

Altria Group, Inc. 9.95%

1.68 9M
Corporate

Summit Midstream Holdings, LLC / Summit Midstream Finance Corp. 8.625%

1.68 9M
Corporate

Nationwide Financial Services, Inc. 6.75%

1.60 8M
Corporate

MORGAN STNLY BAML TR 2025-5C1 4%

1.51 8M
Securitized

Sumisho Air Lease Corp. 4.125%

1.44 7M
Corporate

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