Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
22.5%
1 yr return
23.0%
3 Yr Avg Return
3.6%
5 Yr Avg Return
6.1%
Net Assets
$20.9 M
Holdings in Top 10
57.6%
Expense Ratio 1.45%
Front Load N/A
Deferred Load N/A
Turnover 33.00%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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 Utilities sectors (as determined by the Global Industry Classification Standard) including, but not limited to: Electric Utilities, Gas Utilities, Independent Power Producers & Energy Traders, Multi-utilities, Renewable Electricity and Water Utilities. 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.
Period | ICTUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 22.5% | 4.9% | 58.5% | 67.80% |
1 Yr | 23.0% | 7.7% | 60.5% | 69.49% |
3 Yr | 3.6%* | -7.0% | 19.3% | 89.66% |
5 Yr | 6.1%* | -7.1% | 14.2% | 81.03% |
10 Yr | 7.7%* | -0.7% | 10.7% | 54.90% |
* Annualized
Period | ICTUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.6% | -20.0% | 0.8% | 91.38% |
2022 | -9.4% | -21.0% | 3.5% | 77.59% |
2021 | 13.0% | 0.2% | 26.5% | 25.86% |
2020 | -4.3% | -18.4% | 8.1% | 56.90% |
2019 | 15.8% | 7.0% | 26.2% | 75.44% |
Period | ICTUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 22.5% | 4.9% | 58.5% | 67.80% |
1 Yr | 23.0% | 7.7% | 60.5% | 69.49% |
3 Yr | 3.6%* | -7.0% | 19.3% | 89.66% |
5 Yr | 6.1%* | -7.1% | 14.2% | 81.03% |
10 Yr | 7.7%* | -0.7% | 10.7% | 54.90% |
* Annualized
Period | ICTUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -11.7% | -19.5% | 3.4% | 96.55% |
2022 | 4.8% | -19.7% | 19.1% | 15.52% |
2021 | 22.2% | 5.6% | 30.1% | 3.45% |
2020 | 1.4% | -18.1% | 9.0% | 43.10% |
2019 | 22.2% | 9.7% | 29.4% | 64.91% |
ICTUX | Category Low | Category High | ICTUX % Rank | |
---|---|---|---|---|
Net Assets | 20.9 M | 14.9 M | 11.9 B | 98.31% |
Number of Holdings | 21 | 19 | 220 | 98.31% |
Net Assets in Top 10 | 13.8 M | 5.45 M | 10.8 B | 88.14% |
Weighting of Top 10 | 57.58% | 22.9% | 72.8% | 20.34% |
Weighting | Return Low | Return High | ICTUX % Rank | |
---|---|---|---|---|
Stocks | 99.71% | 0.00% | 115.46% | 15.25% |
Cash | 0.79% | -15.47% | 27.31% | 62.71% |
Preferred Stocks | 0.00% | 0.00% | 0.03% | 77.97% |
Other | 0.00% | -33.23% | 0.56% | 93.22% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 77.97% |
Bonds | 0.00% | 0.00% | 99.77% | 79.66% |
Weighting | Return Low | Return High | ICTUX % Rank | |
---|---|---|---|---|
Utilities | 76.92% | 50.08% | 100.00% | 79.66% |
Energy | 9.93% | 0.00% | 26.40% | 25.42% |
Industrials | 6.28% | 0.00% | 27.59% | 10.17% |
Financial Services | 4.19% | 0.00% | 4.98% | 13.56% |
Communication Services | 2.67% | 0.00% | 47.17% | 38.98% |
Technology | 0.00% | 0.00% | 6.09% | 91.53% |
Real Estate | 0.00% | 0.00% | 13.29% | 81.36% |
Healthcare | 0.00% | 0.00% | 3.34% | 77.97% |
Consumer Defense | 0.00% | 0.00% | 0.56% | 77.97% |
Consumer Cyclical | 0.00% | 0.00% | 2.09% | 77.97% |
Basic Materials | 0.00% | 0.00% | 4.68% | 79.66% |
Weighting | Return Low | Return High | ICTUX % Rank | |
---|---|---|---|---|
US | 99.71% | 0.00% | 100.35% | 11.86% |
Non US | 0.00% | 0.00% | 46.32% | 84.75% |
ICTUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.45% | 0.08% | 2.43% | 23.73% |
Management Fee | 1.00% | 0.03% | 1.00% | 100.00% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.90% |
Administrative Fee | 0.10% | 0.04% | 0.26% | 26.67% |
ICTUX 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 |
ICTUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
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.
ICTUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 33.00% | 3.00% | 175.00% | 67.86% |
ICTUX | Category Low | Category High | ICTUX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.64% | 0.00% | 9.34% | 55.93% |
ICTUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Quarterly |
ICTUX | Category Low | Category High | ICTUX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.06% | 0.31% | 3.10% | 42.37% |
ICTUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.042 | OrdinaryDividend |
Jun 28, 2024 | $0.059 | OrdinaryDividend |
Mar 28, 2024 | $0.051 | OrdinaryDividend |
Dec 29, 2023 | $0.060 | OrdinaryDividend |
Sep 29, 2023 | $0.059 | OrdinaryDividend |
Jun 30, 2023 | $0.057 | OrdinaryDividend |
Mar 31, 2023 | $0.063 | OrdinaryDividend |
Dec 30, 2022 | $0.058 | OrdinaryDividend |
Nov 30, 2022 | $0.691 | CapitalGainLongTerm |
Sep 30, 2022 | $0.054 | OrdinaryDividend |
Jun 30, 2022 | $0.047 | OrdinaryDividend |
Mar 31, 2022 | $0.045 | OrdinaryDividend |
Dec 31, 2021 | $0.058 | OrdinaryDividend |
Dec 31, 2021 | $0.591 | CapitalGainShortTerm |
Sep 30, 2021 | $0.058 | OrdinaryDividend |
Jun 30, 2021 | $0.053 | OrdinaryDividend |
Mar 31, 2021 | $0.045 | OrdinaryDividend |
Dec 31, 2020 | $0.052 | OrdinaryDividend |
Nov 30, 2020 | $0.122 | CapitalGainShortTerm |
Nov 30, 2020 | $0.275 | CapitalGainLongTerm |
Jun 30, 2020 | $0.043 | OrdinaryDividend |
Mar 31, 2020 | $0.048 | OrdinaryDividend |
Dec 27, 2019 | $0.049 | OrdinaryDividend |
Dec 19, 2019 | $0.215 | CapitalGainShortTerm |
Dec 19, 2019 | $0.111 | CapitalGainLongTerm |
Sep 30, 2019 | $0.032 | OrdinaryDividend |
Jun 28, 2019 | $0.067 | OrdinaryDividend |
Mar 29, 2019 | $0.069 | OrdinaryDividend |
Dec 28, 2018 | $0.090 | OrdinaryDividend |
Dec 19, 2018 | $0.018 | CapitalGainShortTerm |
Dec 19, 2018 | $0.035 | CapitalGainLongTerm |
Sep 28, 2018 | $0.070 | OrdinaryDividend |
Jun 29, 2018 | $0.086 | OrdinaryDividend |
Mar 29, 2018 | $0.076 | OrdinaryDividend |
Dec 29, 2017 | $0.080 | OrdinaryDividend |
Dec 20, 2017 | $0.206 | CapitalGainShortTerm |
Dec 20, 2017 | $0.277 | CapitalGainLongTerm |
Sep 29, 2017 | $0.066 | OrdinaryDividend |
Jun 30, 2017 | $0.066 | OrdinaryDividend |
Mar 31, 2017 | $0.068 | OrdinaryDividend |
Dec 30, 2016 | $0.071 | OrdinaryDividend |
Dec 20, 2016 | $0.584 | CapitalGainShortTerm |
Dec 20, 2016 | $0.208 | CapitalGainLongTerm |
Sep 30, 2016 | $0.064 | OrdinaryDividend |
Jun 30, 2016 | $0.076 | OrdinaryDividend |
Mar 31, 2016 | $0.063 | OrdinaryDividend |
Dec 31, 2015 | $0.069 | OrdinaryDividend |
Sep 24, 2015 | $0.060 | OrdinaryDividend |
Jun 30, 2015 | $0.067 | OrdinaryDividend |
Mar 31, 2015 | $0.067 | OrdinaryDividend |
Dec 31, 2014 | $0.068 | OrdinaryDividend |
Sep 30, 2014 | $0.072 | OrdinaryDividend |
Jun 30, 2014 | $0.070 | OrdinaryDividend |
Mar 31, 2014 | $0.044 | OrdinaryDividend |
Dec 31, 2013 | $0.049 | OrdinaryDividend |
Sep 30, 2013 | $0.053 | OrdinaryDividend |
Jun 28, 2013 | $0.056 | OrdinaryDividend |
Mar 28, 2013 | $0.048 | OrdinaryDividend |
Dec 31, 2012 | $0.060 | OrdinaryDividend |
Sep 28, 2012 | $0.047 | OrdinaryDividend |
Jun 29, 2012 | $0.055 | OrdinaryDividend |
Mar 30, 2012 | $0.012 | OrdinaryDividend |
Dec 30, 2011 | $0.116 | OrdinaryDividend |
Sep 30, 2011 | $0.113 | OrdinaryDividend |
Jun 30, 2011 | $0.088 | OrdinaryDividend |
Dec 16, 2010 | $0.208 | OrdinaryDividend |
Dec 16, 2009 | $0.136 | OrdinaryDividend |
Dec 15, 2008 | $0.379 | OrdinaryDividend |
Dec 17, 2007 | $0.906 | CapitalGainShortTerm |
Dec 17, 2007 | $0.004 | CapitalGainLongTerm |
Dec 17, 2007 | $0.064 | OrdinaryDividend |
Dec 18, 2006 | $0.179 | CapitalGainShortTerm |
Dec 18, 2006 | $0.452 | CapitalGainLongTerm |
Dec 18, 2006 | $0.110 | OrdinaryDividend |
Dec 19, 2005 | $0.067 | CapitalGainShortTerm |
Dec 19, 2005 | $0.872 | CapitalGainLongTerm |
Dec 19, 2005 | $0.183 | OrdinaryDividend |
Dec 21, 2004 | $0.082 | OrdinaryDividend |
Dec 17, 2003 | $0.071 | OrdinaryDividend |
Dec 16, 2002 | $0.056 | OrdinaryDividend |
Dec 17, 2001 | $0.058 | OrdinaryDividend |
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.
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.
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.43 | 10.23 | 8.09 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...