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ICON FLEXIBLE BOND FUND
mutual fund
IOBAX
Payout Change
Pending
Price as of:
$8.68
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
IOBAX (Mutual Fund)
ICON FLEXIBLE BOND FUND
Payout Change
Pending
Price as of:
$8.68
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
IOBAX (Mutual Fund)
ICON FLEXIBLE BOND FUND
Payout Change
Pending
Price as of:
$8.68
+0.0
+0.0%
primary theme
Bond Sector Diversified
share class
Name
As of 12/11/2024Price
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
8.7%
1 yr return
9.7%
3 Yr Avg Return
3.8%
5 Yr Avg Return
3.6%
Net Assets
$336 M
Holdings in Top 10
27.1%
52 WEEK LOW AND HIGH
$8.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 262.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
IOBAX - Profile
Distributions
- YTD Total Return 8.7%
- 3 Yr Annualized Total Return 3.8%
- 5 Yr Annualized Total Return 3.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.15%
- Dividend Yield 5.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameICON FLEXIBLE BOND FUND
-
Fund Family NameSHELTONCAP
-
Inception DateOct 21, 2002
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDonovan (Jerry) Paul
Fund Description
The Fund uses a valuation methodology to identify securities ICON Advisors, 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 a broad range of U.S. dollar-denominated fixed income products. These include corporate bonds, notes and debentures, and closed-end funds that invest at least 80% of their assets in fixed income securities, as well as U.S. government and agency securities. This strategy may not be changed unless Fund shareholders are given at least 60 days prior notice. The Fund generally invests in investment-grade securities, although the Fund may invest up to 35% of its assets in securities with a lower rating by both S&P and Moody’s. There is no limit on the Fund’s average maturity or on the maturity of any individual issues in the Fund.
IOBAX - Performance
Return Ranking - Trailing
| Period | IOBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | -11.1% | 18.9% | 17.03% |
| 1 Yr | 9.7% | -9.2% | 20.8% | 35.60% |
| 3 Yr | 3.8%* | -16.9% | 16.8% | 14.92% |
| 5 Yr | 3.6%* | -14.7% | 13.4% | 21.25% |
| 10 Yr | 3.2%* | -7.0% | 7.1% | 36.51% |
* Annualized
Return Ranking - Calendar
| Period | IOBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.3% | -12.0% | 8.9% | 61.21% |
| 2022 | -10.5% | -31.8% | 18.4% | 33.91% |
| 2021 | -0.6% | -16.2% | 25.7% | 33.93% |
| 2020 | -0.6% | -31.1% | 18.7% | 68.45% |
| 2019 | 3.2% | -6.1% | 15.3% | 71.87% |
Total Return Ranking - Trailing
| Period | IOBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | -11.1% | 18.9% | 17.03% |
| 1 Yr | 9.7% | -9.2% | 20.8% | 35.60% |
| 3 Yr | 3.8%* | -16.9% | 16.8% | 14.92% |
| 5 Yr | 3.6%* | -14.7% | 13.4% | 21.25% |
| 10 Yr | 3.2%* | -7.0% | 7.1% | 36.51% |
* Annualized
Total Return Ranking - Calendar
| Period | IOBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.8% | -6.9% | 22.2% | 22.72% |
| 2022 | -5.4% | -31.8% | 21.1% | 27.42% |
| 2021 | 4.4% | -13.5% | 49.9% | 15.57% |
| 2020 | 2.6% | -28.6% | 24.1% | 75.04% |
| 2019 | 7.7% | -4.8% | 19.1% | 61.46% |
NAV & Total Return History
IOBAX - Holdings
Concentration Analysis
| IOBAX | Category Low | Category High | IOBAX % Rank | |
|---|---|---|---|---|
| Net Assets | 336 M | 2.63 M | 143 B | 61.46% |
| Number of Holdings | 117 | 4 | 9638 | 81.44% |
| Net Assets in Top 10 | 91.4 M | -204 M | 89.4 B | 65.52% |
| Weighting of Top 10 | 27.15% | 5.8% | 265.8% | 48.43% |
Top 10 Holdings
- Equity Commonwealth 6.25% PRF 'D' USD25.00 5.36%
- BLACKROCK MUNI INTER DURATION FD INC COM USD0.10 3.96%
- Argo Group US, Inc. 6.500% SENIOR NOTES DUE 2042 3.22%
- AAL 4 07/15/25 2.51%
- AAL 3.85 02/15/28 B 2.24%
- FARMCB V7.75 PERP 2.20%
- UAL 3.45 07/07/28 A 2.09%
- FITB V0 PERP J 1.99%
- USRE 2021-1 B1 1.80%
- UAL 3.7 03/01/30 A 1.77%
Asset Allocation
| Weighting | Return Low | Return High | IOBAX % Rank | |
|---|---|---|---|---|
| Bonds | 56.41% | 0.00% | 199.60% | 84.40% |
| Other | 19.69% | -75.22% | 147.15% | 13.73% |
| Stocks | 11.28% | -6.18% | 99.68% | 14.04% |
| Preferred Stocks | 10.80% | 0.00% | 21.58% | 0.31% |
| Cash | 1.82% | -94.66% | 99.97% | 67.86% |
| Convertible Bonds | 0.57% | 0.00% | 33.50% | 63.30% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IOBAX % Rank | |
|---|---|---|---|---|
| Real Estate | 66.87% | 0.00% | 100.00% | 4.06% |
| Financial Services | 32.16% | 0.00% | 100.00% | 18.26% |
| Basic Materials | 0.63% | 0.00% | 100.00% | 33.62% |
| Healthcare | 0.10% | 0.00% | 18.60% | 32.75% |
| Communication Services | 0.08% | 0.00% | 100.00% | 43.77% |
| Utilities | 0.06% | 0.00% | 100.00% | 43.77% |
| Technology | 0.05% | 0.00% | 28.30% | 35.07% |
| Industrials | 0.03% | 0.00% | 100.00% | 50.72% |
| Consumer Defense | 0.02% | 0.00% | 99.97% | 38.26% |
| Energy | 0.00% | 0.00% | 100.00% | 75.94% |
| Consumer Cyclical | 0.00% | 0.00% | 89.95% | 55.94% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IOBAX % Rank | |
|---|---|---|---|---|
| US | 11.28% | -6.18% | 99.68% | 13.26% |
| Non US | 0.00% | -0.30% | 17.73% | 35.57% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | IOBAX % Rank | |
|---|---|---|---|---|
| Corporate | 75.36% | 0.00% | 96.66% | 6.76% |
| Securitized | 12.00% | 0.00% | 99.65% | 61.51% |
| Government | 5.03% | 0.00% | 99.43% | 66.67% |
| Cash & Equivalents | 1.33% | 0.00% | 94.89% | 70.74% |
| Derivative | 0.00% | -75.22% | 147.15% | 50.55% |
| Municipal | 0.00% | 0.00% | 54.26% | 51.05% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | IOBAX % Rank | |
|---|---|---|---|---|
| US | 56.41% | 0.00% | 199.60% | 75.98% |
| Non US | 0.00% | 0.00% | 74.14% | 74.73% |
IOBAX - Expenses
Operational Fees
| IOBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.34% | 0.03% | 34.13% | 42.92% |
| Management Fee | 0.60% | 0.00% | 2.29% | 49.54% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 26.09% |
| Administrative Fee | 0.10% | 0.00% | 0.70% | 44.60% |
Sales Fees
| IOBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | 11.80% |
| Deferred Load | N/A | 1.00% | 1.50% | N/A |
Trading Fees
| IOBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| IOBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 262.00% | 0.00% | 632.00% | 95.09% |
IOBAX - Distributions
Dividend Yield Analysis
| IOBAX | Category Low | Category High | IOBAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.71% | 0.00% | 23.30% | 11.13% |
Dividend Distribution Analysis
| IOBAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Quarterly |
Net Income Ratio Analysis
| IOBAX | Category Low | Category High | IOBAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.15% | -1.55% | 11.51% | 16.01% |
Capital Gain Distribution Analysis
| IOBAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.041 | OrdinaryDividend |
| Oct 31, 2024 | $0.045 | OrdinaryDividend |
| Sep 30, 2024 | $0.035 | OrdinaryDividend |
| Aug 30, 2024 | $0.040 | OrdinaryDividend |
| Jul 31, 2024 | $0.050 | OrdinaryDividend |
| Apr 30, 2024 | $0.083 | OrdinaryDividend |
| Mar 28, 2024 | $0.047 | OrdinaryDividend |
| Feb 29, 2024 | $0.049 | OrdinaryDividend |
| Jan 31, 2024 | $0.047 | OrdinaryDividend |
| Dec 29, 2023 | $0.014 | OrdinaryDividend |
| Nov 30, 2023 | $0.036 | OrdinaryDividend |
| Oct 31, 2023 | $0.042 | OrdinaryDividend |
| Sep 29, 2023 | $0.057 | OrdinaryDividend |
| Aug 31, 2023 | $0.042 | OrdinaryDividend |
| Jul 31, 2023 | $0.042 | OrdinaryDividend |
| Jun 30, 2023 | $0.095 | OrdinaryDividend |
| May 31, 2023 | $0.042 | OrdinaryDividend |
| Apr 28, 2023 | $0.036 | OrdinaryDividend |
| Mar 31, 2023 | $0.067 | OrdinaryDividend |
| Feb 28, 2023 | $0.031 | OrdinaryDividend |
| Jan 31, 2023 | $0.036 | OrdinaryDividend |
| Dec 30, 2022 | $0.057 | OrdinaryDividend |
| Nov 30, 2022 | $0.030 | OrdinaryDividend |
| Oct 31, 2022 | $0.034 | OrdinaryDividend |
| Sep 30, 2022 | $0.044 | OrdinaryDividend |
| Aug 31, 2022 | $0.032 | OrdinaryDividend |
| Jul 29, 2022 | $0.031 | OrdinaryDividend |
| Jun 30, 2022 | $0.038 | OrdinaryDividend |
| May 31, 2022 | $0.030 | OrdinaryDividend |
| Apr 29, 2022 | $0.030 | OrdinaryDividend |
| Mar 31, 2022 | $0.051 | OrdinaryDividend |
| Feb 28, 2022 | $0.020 | OrdinaryDividend |
| Jan 31, 2022 | $0.022 | OrdinaryDividend |
| Dec 31, 2021 | $0.055 | OrdinaryDividend |
| Nov 30, 2021 | $0.046 | OrdinaryDividend |
| Oct 29, 2021 | $0.034 | OrdinaryDividend |
| Sep 30, 2021 | $0.038 | OrdinaryDividend |
| Aug 31, 2021 | $0.048 | OrdinaryDividend |
| Jul 30, 2021 | $0.032 | OrdinaryDividend |
| Jun 30, 2021 | $0.040 | OrdinaryDividend |
| May 28, 2021 | $0.034 | OrdinaryDividend |
| Apr 30, 2021 | $0.029 | OrdinaryDividend |
| Mar 31, 2021 | $0.030 | OrdinaryDividend |
| Feb 26, 2021 | $0.028 | OrdinaryDividend |
| Jan 29, 2021 | $0.023 | OrdinaryDividend |
| Dec 31, 2020 | $0.032 | OrdinaryDividend |
| Nov 30, 2020 | $0.026 | OrdinaryDividend |
| Oct 30, 2020 | $0.024 | OrdinaryDividend |
| Jun 30, 2020 | $0.032 | OrdinaryDividend |
| May 29, 2020 | $0.036 | OrdinaryDividend |
| Apr 30, 2020 | $0.026 | OrdinaryDividend |
| Mar 31, 2020 | $0.020 | OrdinaryDividend |
| Feb 28, 2020 | $0.043 | OrdinaryDividend |
| Jan 31, 2020 | $0.025 | OrdinaryDividend |
| Dec 31, 2019 | $0.030 | OrdinaryDividend |
| Nov 29, 2019 | $0.042 | OrdinaryDividend |
| Oct 31, 2019 | $0.025 | OrdinaryDividend |
| Sep 30, 2019 | $0.029 | OrdinaryDividend |
| Aug 30, 2019 | $0.042 | OrdinaryDividend |
| Jul 31, 2019 | $0.028 | OrdinaryDividend |
| Dec 18, 2014 | $0.149 | CapitalGainShortTerm |
| Dec 18, 2014 | $0.115 | CapitalGainLongTerm |
| Dec 19, 2013 | $0.132 | CapitalGainLongTerm |
| Dec 13, 2012 | $0.011 | CapitalGainShortTerm |
| Dec 13, 2012 | $0.290 | CapitalGainLongTerm |
| Dec 15, 2011 | $0.174 | CapitalGainLongTerm |
| Dec 16, 2010 | $0.145 | CapitalGainShortTerm |
| Dec 16, 2010 | $0.076 | CapitalGainLongTerm |
| Dec 16, 2009 | $0.025 | CapitalGainShortTerm |
| Dec 16, 2009 | $0.010 | CapitalGainLongTerm |
| Feb 28, 2006 | $0.028 | OrdinaryDividend |
| Jan 31, 2006 | $0.024 | OrdinaryDividend |
| Dec 30, 2005 | $0.031 | OrdinaryDividend |
| Dec 19, 2005 | $0.001 | CapitalGainShortTerm |
| Dec 19, 2005 | $0.007 | CapitalGainLongTerm |
| Nov 30, 2005 | $0.029 | OrdinaryDividend |
| Oct 31, 2005 | $0.030 | OrdinaryDividend |
| Sep 30, 2005 | $0.028 | OrdinaryDividend |
| Aug 31, 2005 | $0.029 | OrdinaryDividend |
| Jul 29, 2005 | $0.027 | OrdinaryDividend |
| Jun 30, 2005 | $0.022 | OrdinaryDividend |
| May 31, 2005 | $0.027 | OrdinaryDividend |
| Apr 29, 2005 | $0.027 | OrdinaryDividend |
| Mar 31, 2005 | $0.030 | OrdinaryDividend |
| Feb 28, 2005 | $0.028 | OrdinaryDividend |
| Jan 31, 2005 | $0.026 | OrdinaryDividend |
| Dec 31, 2004 | $0.057 | CapitalGainLongTerm |
| Dec 31, 2004 | $0.054 | OrdinaryDividend |
| Nov 30, 2004 | $0.030 | OrdinaryDividend |
| Oct 29, 2004 | $0.027 | OrdinaryDividend |
| Sep 30, 2004 | $0.026 | OrdinaryDividend |
| Aug 31, 2004 | $0.030 | OrdinaryDividend |
| Jul 30, 2004 | $0.028 | OrdinaryDividend |
| Jun 30, 2004 | $0.031 | OrdinaryDividend |
| May 28, 2004 | $0.029 | OrdinaryDividend |
| Apr 30, 2004 | $0.029 | OrdinaryDividend |
| Mar 31, 2004 | $0.036 | OrdinaryDividend |
| Feb 27, 2004 | $0.030 | OrdinaryDividend |
| Jan 30, 2004 | $0.033 | OrdinaryDividend |
| Dec 31, 2003 | $0.039 | OrdinaryDividend |
| Nov 28, 2003 | $0.032 | OrdinaryDividend |
| Oct 31, 2003 | $0.032 | OrdinaryDividend |
| Sep 30, 2003 | $0.032 | OrdinaryDividend |
| Aug 29, 2003 | $0.035 | OrdinaryDividend |
| Jul 31, 2003 | $0.032 | OrdinaryDividend |
| Jun 30, 2003 | $0.031 | OrdinaryDividend |
| May 30, 2003 | $0.033 | OrdinaryDividend |
| Apr 30, 2003 | $0.038 | OrdinaryDividend |
| Mar 31, 2003 | $0.030 | OrdinaryDividend |
| Feb 28, 2003 | $0.033 | OrdinaryDividend |
| Jan 31, 2003 | $0.027 | OrdinaryDividend |
| Dec 31, 2002 | $0.033 | OrdinaryDividend |
| Nov 30, 2002 | $0.010 | OrdinaryDividend |
IOBAX - Fund Manager Analysis
Managers
Donovan (Jerry) Paul
Start Date
Tenure
Tenure Rank
Jul 15, 2013
8.88
8.9%
Donovan “Jerry” Paul, CFA, joined ICON Advisers, Inc in July 2013 as a Portfolio Manager.He is Senior Vice President of Fixed Income and serves as Co-Portfolio Manager of the ICON Bond and ICON Risk-Managed Balanced Funds. Mr. Paul was named Morningstar’s Fixed Income Manager of the Year for 1999 while he managed high yield bonds for INVESCO. Mr. Paul’s professional investment experience includes over thirty eight years in fixed income portfolio management and research. Before joining ICON he was a senior vice president, director of fixed-income research and portfolio manager of INVESCO Funds Group (1994-2001), founder and managing partner of Quixote Capital Management, LLC, (2002-2009), partner of Essential Investment Partners, LLC, (2009-2011) and Senior Vice President Western Alliance Bancorporation (2012). He holds an MBA from the University of Northern Iowa and BBA from the University of Iowa. He holds the FINRA Series 7 and 63 registrations.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.71 | 3.19 |
