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ICON HEALTH AND INFORMATION TECHNOLOGY FUND
mutual fund
ICTEX
Payout Change
Pending
Price as of:
$16.41
-0.1
-0.61%
primary theme
Technology Sector Equity
share class
ICTEX (Mutual Fund)
ICON HEALTH AND INFORMATION TECHNOLOGY FUND
Payout Change
Pending
Price as of:
$16.41
-0.1
-0.61%
primary theme
Technology Sector Equity
share class
ICTEX (Mutual Fund)
ICON HEALTH AND INFORMATION TECHNOLOGY FUND
Payout Change
Pending
Price as of:
$16.41
-0.1
-0.61%
primary theme
Technology Sector Equity
share class
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
17.8%
1 yr return
21.6%
3 Yr Avg Return
2.7%
5 Yr Avg Return
10.8%
Net Assets
$81.1 M
Holdings in Top 10
50.6%
52 WEEK LOW AND HIGH
$16.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.23%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ICTEX - Profile
Distributions
- YTD Total Return 17.8%
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 10.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.60%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameICON HEALTH AND INFORMATION TECHNOLOGY FUND
-
Fund Family NameSHELTONCAP
-
Inception DateFeb 19, 1997
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Callahan
Fund Description
The Fund uses a quantitative methodology to identify securities ICON Advisers, Inc. (“ICON”) the Fund’s investment sub-advisor believes are underpriced relative to value. It normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies in the Information Technology and Health Care sectors (as determined by the Global Industry Classification Standard). There is no minimum or maximum with respect to the amount the Fund may invest in any particular sector.
The Information Technology Sector includes, but is not limited to: Application Software, Communications Equipment, Data Processing & Outsourced Services, Electronic Components, Electronic Equipment & Instruments, Electronic Manufacturing Services, Internet Services & Infrastructure, IT Consulting & Other Services, Semiconductor Equipment, Semiconductors, Systems Software, Technology Distributors and Technology Hardware, Storage & Peripherals.
The Health Care Sector includes, but is not limited to: Biotechnology, Health Care Distributors, Health Care Equipment, Health Care Facilities, Health Care Services, Health Care Supplies, Health Care Technology, Life Sciences Tools & Services, Managed Health Care, and Pharmaceuticals.
This strategy may not be changed unless the Fund shareholders are given at least 60 days prior notice. Equity securities in which the Fund may invest include common stocks and preferred stocks of companies of any market capitalization.
ICON’s quantitative methodology calculates intrinsic value using average earnings per share, future earnings growth estimates, beta, and bond yield. This calculated intrinsic value for each individual stock is aggregated by industry and sector which enables ICON to identify value opportunities within industries and sectors. ICON then employs a tactical, rotation-based process that tilts the Fund toward industries and sectors ICON believes will outperform.
ICTEX - Performance
Return Ranking - Trailing
| Period | ICTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.8% | -11.4% | 72.4% | 81.57% |
| 1 Yr | 21.6% | -9.7% | 80.2% | 86.18% |
| 3 Yr | 2.7%* | -27.7% | 19.3% | 74.18% |
| 5 Yr | 10.8%* | -8.5% | 33.2% | 88.83% |
| 10 Yr | 8.1%* | 2.1% | 26.6% | 98.00% |
* Annualized
Return Ranking - Calendar
| Period | ICTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.3% | -5.6% | 96.9% | 99.07% |
| 2022 | -32.3% | -73.9% | -16.4% | 12.21% |
| 2021 | 0.9% | -44.6% | 51.5% | 58.49% |
| 2020 | 17.7% | 5.5% | 154.1% | 97.98% |
| 2019 | 16.1% | -3.0% | 63.7% | 90.96% |
Total Return Ranking - Trailing
| Period | ICTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.8% | -11.4% | 72.4% | 81.57% |
| 1 Yr | 21.6% | -9.7% | 80.2% | 86.18% |
| 3 Yr | 2.7%* | -27.7% | 19.3% | 74.18% |
| 5 Yr | 10.8%* | -8.5% | 33.2% | 88.83% |
| 10 Yr | 8.1%* | 2.1% | 26.6% | 98.00% |
* Annualized
Total Return Ranking - Calendar
| Period | ICTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.4% | -2.3% | 96.9% | 95.83% |
| 2022 | -6.6% | -67.5% | -5.9% | 0.94% |
| 2021 | 17.7% | -17.8% | 59.2% | 43.40% |
| 2020 | 22.0% | 17.5% | 157.5% | 98.48% |
| 2019 | 20.6% | 7.5% | 66.9% | 97.34% |
NAV & Total Return History
ICTEX - Holdings
Concentration Analysis
| ICTEX | Category Low | Category High | ICTEX % Rank | |
|---|---|---|---|---|
| Net Assets | 81.1 M | 4.67 M | 81.2 B | 81.65% |
| Number of Holdings | 26 | 10 | 321 | 98.17% |
| Net Assets in Top 10 | 43.1 M | 1.67 M | 56.8 B | 77.98% |
| Weighting of Top 10 | 50.65% | 12.6% | 100.0% | 62.39% |
Top 10 Holdings
- Meta Platforms Inc COM USD0.000006 CL 'A' 6.19%
- UnitedHealth Group Inc. COM USD0.01 5.57%
- TD Synnex Corp COM USD0.001 5.22%
- Fortinet Inc COM USD0.001 5.01%
- Molina Healthcare, Inc. COM USD0.001 4.98%
- Arista Networks Inc COM USD0.0001 4.92%
- Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 4.90%
- Elevance Health Inc. COM USD0.01 4.77%
- Autodesk Inc COM USD0.01 4.70%
- Alphabet Inc. CAP USD0.001 CL C 4.38%
Asset Allocation
| Weighting | Return Low | Return High | ICTEX % Rank | |
|---|---|---|---|---|
| Stocks | 99.18% | 0.00% | 100.77% | 49.54% |
| Cash | 0.93% | 0.00% | 26.97% | 58.26% |
| Preferred Stocks | 0.00% | 0.00% | 8.64% | 67.43% |
| Other | 0.00% | -0.04% | 26.87% | 65.14% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 58.26% |
| Bonds | 0.00% | 0.00% | 88.05% | 58.26% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ICTEX % Rank | |
|---|---|---|---|---|
| Technology | 61.38% | 2.80% | 100.00% | 74.77% |
| Healthcare | 18.18% | 0.00% | 25.57% | 2.75% |
| Financial Services | 8.30% | 0.00% | 38.36% | 14.68% |
| Industrials | 6.33% | 0.00% | 38.68% | 11.47% |
| Communication Services | 2.95% | 0.00% | 97.05% | 77.06% |
| Consumer Cyclical | 2.87% | 0.00% | 32.97% | 61.47% |
| Utilities | 0.00% | 0.00% | 5.17% | 56.42% |
| Real Estate | 0.00% | 0.00% | 15.05% | 67.89% |
| Energy | 0.00% | 0.00% | 1.24% | 56.88% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 61.93% |
| Basic Materials | 0.00% | 0.00% | 2.38% | 61.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ICTEX % Rank | |
|---|---|---|---|---|
| US | 99.18% | 0.00% | 100.77% | 33.49% |
| Non US | 0.00% | 0.00% | 63.81% | 77.98% |
ICTEX - Expenses
Operational Fees
| ICTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.23% | 0.08% | 5.04% | 31.80% |
| Management Fee | 1.00% | 0.03% | 1.95% | 91.74% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 21.01% |
| Administrative Fee | 0.10% | 0.00% | 0.50% | 37.50% |
Sales Fees
| ICTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| ICTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ICTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 33.00% | 0.69% | 281.00% | 34.10% |
ICTEX - Distributions
Dividend Yield Analysis
| ICTEX | Category Low | Category High | ICTEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.82% | 66.97% |
Dividend Distribution Analysis
| ICTEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| ICTEX | Category Low | Category High | ICTEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.60% | -2.30% | 2.08% | 61.21% |
Capital Gain Distribution Analysis
| ICTEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.899 | CapitalGainLongTerm |
| Nov 30, 2023 | $1.831 | CapitalGainLongTerm |
| Nov 30, 2022 | $2.762 | OrdinaryDividend |
| Dec 31, 2021 | $0.567 | CapitalGainShortTerm |
| Dec 31, 2021 | $3.031 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.740 | CapitalGainLongTerm |
| Dec 19, 2019 | $0.716 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.391 | CapitalGainShortTerm |
| Dec 19, 2018 | $0.803 | CapitalGainLongTerm |
| Dec 20, 2017 | $0.168 | CapitalGainShortTerm |
| Dec 20, 2017 | $0.250 | CapitalGainLongTerm |
| Dec 20, 2016 | $0.235 | CapitalGainLongTerm |
| Dec 17, 2015 | $3.071 | CapitalGainShortTerm |
| Dec 17, 2015 | $0.859 | CapitalGainLongTerm |
| Dec 18, 2014 | $2.918 | CapitalGainShortTerm |
| Dec 18, 2014 | $2.602 | CapitalGainLongTerm |
| Dec 19, 2013 | $1.827 | CapitalGainShortTerm |
| Dec 19, 2013 | $3.965 | CapitalGainLongTerm |
| Dec 19, 2013 | $0.026 | OrdinaryDividend |
| Dec 13, 2012 | $0.171 | OrdinaryDividend |
| Dec 15, 2011 | $0.139 | OrdinaryDividend |
| Dec 16, 2010 | $0.071 | OrdinaryDividend |
| Dec 16, 2009 | $0.177 | OrdinaryDividend |
| Dec 17, 2007 | $1.517 | CapitalGainLongTerm |
| Dec 18, 2006 | $1.460 | CapitalGainLongTerm |
| Dec 19, 2005 | $0.266 | CapitalGainLongTerm |
| Dec 21, 2004 | $0.041 | CapitalGainLongTerm |
| Dec 17, 2001 | $0.242 | CapitalGainShortTerm |
| Dec 17, 2001 | $0.372 | CapitalGainLongTerm |
ICTEX - Fund Manager Analysis
Managers
Brian Callahan
Start Date
Tenure
Tenure Rank
May 30, 2019
3.01
3.0%
Brian Callahan is ICON’s Investment Committee member for separately managed accounts (SMAs) and institutional accounts. He first joined ICON in 2000 as a Research Analyst while attending Colorado State University. In 2007, he received a master’s in business administration from The Ohio State University and returned as a Research Analyst. In 2008, he became an Investment Committee member and Portfolio Manager.From 2008 until January 2011 he managed ICON’s separately managed accounts. From 2011 to 2014 Mr. Callahan was ICON’s Director of Marketing. From 2014 to 2018 Mr. Callahan managed ICON’s strategy based portfolios and tactical allocation portfolios .He was previously employed as a treasury administrator at Citi Fund Services . He holds a FINRA Series 7 registration.
Scott Callahan
Start Date
Tenure
Tenure Rank
May 30, 2019
3.01
3.0%
Scott Callahan joined ICON in 2005 as a Research Analyst and was promoted to Assistant Portfolio Manager in January 2006. He left ICON in August 2006 to pursue his MBA, which he received from New York University in 2008. Mr. Callahan became a Portfolio Manager in 2008. Mr. Callahan received a bachelor’s degree in psychology from the University of Colorado.
Craig Callahan
Start Date
Tenure
Tenure Rank
May 30, 2019
3.01
3.0%
Craig Callahan is the company Founder, Chief Executive Officer, President and Chairman of the Investment Committee of ICON Advisers, Inc. Mr. Callahan received his doctorate of business administration in finance and statistics from Kent State University in 1979 and a Bachelor of Science degree from Ohio State University in 1973. From 1986 to 2005, he served as ICON’s Chief Investment Officer. He holds the FINRA Series 7, 24, 63, 65, and 66 registrations.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 32.43 | 8.19 | 1.41 |
