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...
ICON EQUITY FUND
mutual fund
IOLZX
Payout Change
Pending
Price as of:
$28.05
+0.1
+0.36%
primary theme
U.S. Large-Cap Growth Equity
share class
IOLZX (Mutual Fund)
ICON EQUITY FUND
Payout Change
Pending
Price as of:
$28.05
+0.1
+0.36%
primary theme
U.S. Large-Cap Growth Equity
share class
IOLZX (Mutual Fund)
ICON EQUITY FUND
Payout Change
Pending
Price as of:
$28.05
+0.1
+0.36%
primary theme
U.S. Large-Cap Growth Equity
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
12.1%
1 yr return
14.9%
3 Yr Avg Return
0.8%
5 Yr Avg Return
9.0%
Net Assets
$50.2 M
Holdings in Top 10
40.6%
52 WEEK LOW AND HIGH
$28.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.11%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 24.00%
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
IOLZX - Profile
Distributions
- YTD Total Return 12.1%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 9.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.17%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameICON EQUITY FUND
-
Fund Family NameSHELTONCAP
-
Inception DateOct 17, 2002
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCraig Callahan
Fund Description
The Fund uses a quantitative methodology to identify securities ICON Advisors, Inc. (“ICON”) the Fund’s investment sub-advisor, believes are underpriced relative to value. Normally the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities traded in the U.S. This strategy may not be changed unless Fund shareholders are given at least 60 days prior notice. To manage the risk of holding equity securities, the Fund may write call options or purchase put options on securities or securities indexes.
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.
ICON believes that equity markets go through themes over time, simply stated, stocks in industries that were market leaders at one time tend to become overpriced relative to intrinsic value, and stocks in industries that were not in favor tend to drop below intrinsic value. The Fund will sell securities in industries ICON believes are overpriced and buy securities in industries we believe are underpriced. The Fund may invest up to 25% of its assets in a single industry. We believe ICON’s combination of industry rotation and bottom-up valuation distinguishes us from other investment managers. Equity securities in which the Fund may invest include common stocks and preferred stocks of companies of any market capitalization.
The Fund may short securities and may also purchase exchange traded funds, including leveraged and inversed exchange-traded funds (“ETFs”). Leveraged ETFs seek to deliver multiples of the performance of the index or benchmark they track. Inverse ETFs (also called “short” funds) seek to deliver the opposite of the performance of the index or benchmark they track. Like traditional ETFs, some leveraged and inverse ETFs track broad indices, some are sector-specific, and others are linked to commodities, currencies, or some other benchmark.
IOLZX - Performance
Return Ranking - Trailing
| Period | IOLZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.1% | -37.8% | 56.1% | 97.18% |
| 1 Yr | 14.9% | -36.3% | 134.4% | 98.45% |
| 3 Yr | 0.8%* | -21.2% | 35.4% | 93.78% |
| 5 Yr | 9.0%* | -12.8% | 32.8% | 96.10% |
| 10 Yr | 8.9%* | -3.9% | 21.1% | 95.17% |
* Annualized
Return Ranking - Calendar
| Period | IOLZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.7% | -74.1% | 72.4% | 96.99% |
| 2022 | -30.4% | -85.9% | 4.7% | 30.21% |
| 2021 | 11.1% | -52.4% | 60.5% | 39.94% |
| 2020 | 16.0% | -34.3% | 145.0% | 83.22% |
| 2019 | 33.5% | -6.9% | 49.4% | 10.30% |
Total Return Ranking - Trailing
| Period | IOLZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.1% | -37.8% | 56.1% | 97.18% |
| 1 Yr | 14.9% | -36.3% | 134.4% | 98.45% |
| 3 Yr | 0.8%* | -21.2% | 35.4% | 93.78% |
| 5 Yr | 9.0%* | -12.8% | 32.8% | 96.10% |
| 10 Yr | 8.9%* | -3.9% | 21.1% | 95.17% |
* Annualized
Total Return Ranking - Calendar
| Period | IOLZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -4.6% | 72.4% | 98.36% |
| 2022 | -6.6% | -61.7% | 5.6% | 1.20% |
| 2021 | 26.7% | -39.8% | 118.1% | 20.49% |
| 2020 | 16.0% | 2.8% | 149.2% | 96.80% |
| 2019 | 38.2% | -5.2% | 49.4% | 8.46% |
NAV & Total Return History
IOLZX - Holdings
Concentration Analysis
| IOLZX | Category Low | Category High | IOLZX % Rank | |
|---|---|---|---|---|
| Net Assets | 50.2 M | 296 K | 287 B | 93.38% |
| Number of Holdings | 34 | 2 | 3061 | 86.57% |
| Net Assets in Top 10 | 20.6 M | 126 K | 150 B | 94.65% |
| Weighting of Top 10 | 40.65% | 0.7% | 205.0% | 83.35% |
Top 10 Holdings
- Trinity Industries, Inc. COM USD0.01 5.64%
- Armstrong World Industries, Inc. COM STK USD0.01 5.43%
- Baker Hughes Company COM USD0.0001 CL A 5.23%
- MasterCard Incorporated COM USD0.0001 CLASS A 4.02%
- Global Payments Inc COM NPV 3.82%
- Horace Mann Educators Corporation COM USD0.001 3.37%
- JPMorgan Chase Co. COM USD1.00 3.34%
- Performance Food Group Co. COM USD0.01 3.31%
- Truist Financial Corp. COM 3.31%
- Extreme Networks Inc. COM USD0.001 3.18%
Asset Allocation
| Weighting | Return Low | Return High | IOLZX % Rank | |
|---|---|---|---|---|
| Stocks | 100.96% | 0.00% | 123.52% | 1.09% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 82.12% |
| Other | 0.00% | -36.56% | 50.35% | 82.58% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 80.64% |
| Cash | 0.00% | 0.00% | 173.52% | 98.64% |
| Bonds | 0.00% | 0.00% | 102.71% | 80.67% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IOLZX % Rank | |
|---|---|---|---|---|
| Industrials | 30.65% | 0.00% | 30.65% | 0.18% |
| Technology | 22.71% | 0.00% | 65.70% | 91.09% |
| Financial Services | 19.62% | 0.00% | 43.06% | 5.73% |
| Consumer Cyclical | 14.84% | 0.00% | 62.57% | 56.55% |
| Energy | 10.22% | 0.00% | 41.09% | 2.91% |
| Basic Materials | 0.90% | 0.00% | 18.91% | 61.09% |
| Healthcare | 0.43% | 0.00% | 39.76% | 99.00% |
| Communication Services | 0.24% | 0.00% | 66.40% | 97.73% |
| Consumer Defense | 0.18% | 0.00% | 25.50% | 86.91% |
| Real Estate | 0.13% | 0.00% | 16.05% | 66.55% |
| Utilities | 0.09% | 0.00% | 16.07% | 26.73% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IOLZX % Rank | |
|---|---|---|---|---|
| US | 100.96% | 0.00% | 123.52% | 1.09% |
| Non US | 0.00% | 0.00% | 75.46% | 86.75% |
IOLZX - Expenses
Operational Fees
| IOLZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.11% | 0.01% | 28.71% | 36.25% |
| Management Fee | 0.75% | 0.00% | 1.50% | 84.28% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 16.40% |
| Administrative Fee | 0.10% | 0.01% | 1.02% | 55.52% |
Sales Fees
| IOLZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| IOLZX 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.
| IOLZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 24.00% | 0.00% | 316.74% | 33.40% |
IOLZX - Distributions
Dividend Yield Analysis
| IOLZX | Category Low | Category High | IOLZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.69% | 0.00% | 27.58% | 9.63% |
Dividend Distribution Analysis
| IOLZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| IOLZX | Category Low | Category High | IOLZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.17% | -6.13% | 3.48% | 38.22% |
Capital Gain Distribution Analysis
| IOLZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $2.827 | CapitalGainLongTerm |
| Dec 29, 2023 | $0.193 | OrdinaryDividend |
| Nov 30, 2023 | $1.122 | CapitalGainLongTerm |
| Dec 30, 2022 | $0.061 | OrdinaryDividend |
| Nov 30, 2022 | $4.754 | CapitalGainLongTerm |
| Dec 31, 2021 | $1.767 | CapitalGainShortTerm |
| Dec 31, 2021 | $3.495 | CapitalGainLongTerm |
| Dec 19, 2019 | $1.002 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.346 | CapitalGainLongTerm |
| Dec 16, 2009 | $0.216 | OrdinaryDividend |
| Dec 15, 2008 | $0.293 | OrdinaryDividend |
| Dec 17, 2007 | $0.333 | CapitalGainShortTerm |
| Dec 17, 2007 | $0.409 | CapitalGainLongTerm |
| Dec 18, 2006 | $0.433 | CapitalGainLongTerm |
| Dec 18, 2006 | $0.069 | OrdinaryDividend |
| Dec 21, 2004 | $0.291 | OrdinaryDividend |
| Dec 21, 2004 | $0.208 | CapitalGainShortTerm |
IOLZX - Fund Manager Analysis
Managers
Craig Callahan
Start Date
Tenure
Tenure Rank
Jan 24, 2011
11.36
11.4%
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.
Brian Callahan
Start Date
Tenure
Tenure Rank
Apr 29, 2020
2.09
2.1%
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
Apr 29, 2020
2.09
2.1%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |
