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Trending ETFs

ICON FLEXIBLE BOND FUND

mutual fund
IOBZX
Payout Change
Pending
Price as of:
$8.73 -0.01 -0.11%
primary theme
Bond Sector Diversified
share class
Investor (IOBAX) Instl (IOBZX)
IOBZX (Mutual Fund)

ICON FLEXIBLE BOND FUND

Payout Change
Pending
Price as of:
$8.73 -0.01 -0.11%
primary theme
Bond Sector Diversified
share class
Investor (IOBAX) Instl (IOBZX)
IOBZX (Mutual Fund)

ICON FLEXIBLE BOND FUND

Payout Change
Pending
Price as of:
$8.73 -0.01 -0.11%
primary theme
Bond Sector Diversified
share class
Investor (IOBAX) Instl (IOBZX)

Name

As of 12/12/2024

Price

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

ICON FLEXIBLE BOND FUND

IOBZX | Fund

$8.73

$336 M

5.77%

$0.50

1.08%

Vitals

YTD Return

8.9%

1 yr return

8.9%

3 Yr Avg Return

4.0%

5 Yr Avg Return

4.2%

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 1.08%

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 12/12/2024

Price

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

ICON FLEXIBLE BOND FUND

IOBZX | Fund

$8.73

$336 M

5.77%

$0.50

1.08%

IOBZX - Profile

Distributions

  • YTD Total Return 8.9%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.40%
DIVIDENDS
  • Dividend Yield 5.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    ICON FLEXIBLE BOND FUND
  • Fund Family Name
    SHELTONCAP
  • Inception Date
    Oct 21, 2002
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Donovan (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.

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IOBZX - Performance

Return Ranking - Trailing

Period IOBZX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -11.1% 18.9% 12.07%
1 Yr 8.9% -9.2% 20.8% 31.27%
3 Yr 4.0%* -16.9% 16.8% 12.86%
5 Yr 4.2%* -14.7% 13.4% 13.04%
10 Yr 4.0%* -7.0% 7.1% 11.44%

* Annualized

Return Ranking - Calendar

Period IOBZX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -12.0% 8.9% 61.36%
2022 -10.3% -31.8% 18.4% 32.49%
2021 -0.7% -16.2% 25.7% 36.07%
2020 0.3% -31.1% 18.7% 62.92%
2019 3.2% -6.1% 15.3% 71.68%

Total Return Ranking - Trailing

Period IOBZX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -11.1% 18.9% 12.07%
1 Yr 8.9% -9.2% 20.8% 31.27%
3 Yr 4.0%* -16.9% 16.8% 12.86%
5 Yr 4.2%* -14.7% 13.4% 13.04%
10 Yr 4.0%* -7.0% 7.1% 11.44%

* Annualized

Total Return Ranking - Calendar

Period IOBZX Return Category Return Low Category Return High Rank in Category (%)
2023 10.0% -6.9% 22.2% 21.17%
2022 -5.1% -31.8% 21.1% 25.83%
2021 4.5% -13.5% 49.9% 15.08%
2020 5.0% -28.6% 24.1% 54.72%
2019 8.7% -4.8% 19.1% 50.29%

NAV & Total Return History

IOBZX - Holdings

Concentration Analysis

IOBZX Category Low Category High IOBZX % Rank
Net Assets 336 M 2.63 M 143 B 61.62%
Number of Holdings 117 4 9638 81.59%
Net Assets in Top 10 91.4 M -204 M 89.4 B 65.68%
Weighting of Top 10 27.15% 5.8% 265.8% 48.58%

Top 10 Holdings

  1. Equity Commonwealth 6.25% PRF 'D' USD25.00 5.36%
  2. BLACKROCK MUNI INTER DURATION FD INC COM USD0.10 3.96%
  3. Argo Group US, Inc. 6.500% SENIOR NOTES DUE 2042 3.22%
  4. AAL 4 07/15/25 2.51%
  5. AAL 3.85 02/15/28 B 2.24%
  6. FARMCB V7.75 PERP 2.20%
  7. UAL 3.45 07/07/28 A 2.09%
  8. FITB V0 PERP J 1.99%
  9. USRE 2021-1 B1 1.80%
  10. UAL 3.7 03/01/30 A 1.77%

Asset Allocation

Weighting Return Low Return High IOBZX % Rank
Bonds 		56.41% 0.00% 199.60% 84.56%
Other 		19.69% -75.22% 147.15% 13.88%
Stocks 		11.28% -6.18% 99.68% 14.20%
Preferred Stocks 		10.80% 0.00% 21.58% 0.47%
Cash 		1.82% -94.66% 99.97% 68.02%
Convertible Bonds 		0.57% 0.00% 33.50% 63.46%

Stock Sector Breakdown

Weighting Return Low Return High IOBZX % Rank
Real Estate 		66.87% 0.00% 100.00% 4.35%
Financial Services 		32.16% 0.00% 100.00% 18.55%
Basic Materials 		0.63% 0.00% 100.00% 33.91%
Healthcare 		0.10% 0.00% 18.60% 33.04%
Communication Services 		0.08% 0.00% 100.00% 44.06%
Utilities 		0.06% 0.00% 100.00% 44.06%
Technology 		0.05% 0.00% 28.30% 35.36%
Industrials 		0.03% 0.00% 100.00% 52.17%
Consumer Defense 		0.02% 0.00% 99.97% 38.55%
Energy 		0.00% 0.00% 100.00% 91.01%
Consumer Cyclical 		0.00% 0.00% 89.95% 75.65%

Stock Geographic Breakdown

Weighting Return Low Return High IOBZX % Rank
US 		11.28% -6.18% 99.68% 13.42%
Non US 		0.00% -0.30% 17.73% 66.46%

Bond Sector Breakdown

Weighting Return Low Return High IOBZX % Rank
Corporate 		75.36% 0.00% 96.66% 6.92%
Securitized 		12.00% 0.00% 99.65% 61.67%
Government 		5.03% 0.00% 99.43% 66.83%
Cash & Equivalents 		1.33% 0.00% 94.89% 70.89%
Derivative 		0.00% -75.22% 147.15% 56.03%
Municipal 		0.00% 0.00% 54.26% 74.24%

Bond Geographic Breakdown

Weighting Return Low Return High IOBZX % Rank
US 		56.41% 0.00% 199.60% 76.13%
Non US 		0.00% 0.00% 74.14% 84.40%

IOBZX - Expenses

Operational Fees

IOBZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.03% 34.13% 55.68%
Management Fee 0.60% 0.00% 2.29% 53.56%
12b-1 Fee 0.00% 0.00% 1.00% 10.43%
Administrative Fee 0.10% 0.00% 0.70% 47.89%

Sales Fees

IOBZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

IOBZX 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.

IOBZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 262.00% 0.00% 632.00% 95.28%

IOBZX - Distributions

Dividend Yield Analysis

IOBZX Category Low Category High IOBZX % Rank
Dividend Yield 5.77% 0.00% 23.30% 10.20%

Dividend Distribution Analysis

IOBZX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Quarterly

Net Income Ratio Analysis

IOBZX Category Low Category High IOBZX % Rank
Net Income Ratio 4.40% -1.55% 11.51% 13.79%

Capital Gain Distribution Analysis

IOBZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

IOBZX - 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

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