Skip to Content
Morningstar

ICON Flexible Bond Investor IOBAX

Morningstar Medalist Rating
Medalist Rating as of | See ICON Investment Hub
  • NAV / 1-Day Return 8.51  /  +0.24 %
  • Total Assets 276.3 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 6.40%
  • Effective Duration 1.81 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 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.

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.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings IOBAX

More IOBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Argo Group US, Inc. 0%

4.27 11.5 Mil
Corporate

First American Government Obligs X

3.78 10.2 Mil
Cash and Equivalents

BlackRock ESG Capital Allocation Term

3.61 9.7 Mil
—

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

3.29 8.9 Mil
Real Estate

American Airlines, Inc. 4%

3.28 8.8 Mil
Securitized

American Airlines, Inc. 3.85%

2.97 8.0 Mil
Securitized

Bank of America Corp DR

2.75 7.4 Mil
Financial Services

Fifth Third Bancorp 8.72077%

2.47 6.6 Mil
Corporate

Wells Fargo & Co. 5.9%

2.44 6.6 Mil
Corporate

JPMorgan Chase & Co. 5%

2.28 6.1 Mil
Corporate