Morningstar

ICON Flexible Bond Fund Institutional Class IOBZX

Morningstar Medalist Rating
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Medalist Rating as of See ICON Investment Hub
  • NAV / 1-Day Return $8.29  /  −0.12 %
  • Fund Size $514.5M
  • Adjusted Expense Ratio 0.950%
  • Net Expense Ratio 0.760%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Multisector Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 6.68%
  • Average Effective Duration 3.13 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis IOBZX

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

  • People Pillar

    The People Pillar is our evaluation of the IOBZX 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 IOBZX’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 Institutional holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings IOBZX

More IOBZX 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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