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Morningstar

ICON Flexible Bond Institutional IOBZX

Morningstar Medalist Rating
Medalist Rating as of | See ICON Investment Hub
  • NAV / 1-Day Return 8.56  /  +0.12 %
  • Total Assets 275.7 Mil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.63%
  • Effective Duration 1.81 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:17 PM GMT+0

Morningstar’s Analysis IOBZX

Will IOBZX 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 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.

Weakness in ICON Flexible Bond Institutional's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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 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