Find the Right ICON Fund While ICON views the market as one asset class, the ICON Funds represent specific investment categories that allow you to tailor portfolios according to their objectives and risk profile. Not sure which of our diversified equity, domestic sector, foreign, and domestic fixed-income funds best suit a particular client? Read our Fund Highlights below.
Overview of ICON Funds ICON’s 17 mutual funds are powered by a quantitative methodology that attempts to identify securities that are underpriced relative to value. All ICON Funds require a minimum investment of $1,000 unless your client begins an Automatic Investment Plan or Payroll Deduction of $100 or more per month or pay period. If your client has more to invest, consider ICON’s Allocation Portfolios.
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ICON Fund*
The ICON Fund seeks capital appreciation, with a secondary objective of capital preservation to provide long-term growth.
The Fund uses a quantitative methodology to identify securities ICON 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 traded in the U.S. This strategy may not be changed unless 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.
CUSIP Number:
Class S, 44929K663
Class C, 44929K788
Class A, 44929K531
Ticker Symbol:
Class S, ICNZX
Class C, ICNCX
Class A, ICNAX
Equity Income Fund
ICON Equity Income Fund seeks modest capital appreciation and income. The Fund uses a quantitative methodology to identify securities ICON 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 of any market capitalization, including convertible and preferred securities, and in securities issued by dividend-paying companies. This strategy may not be changed unless Fund shareholders are given at least 60 days’ prior notice. The Fund generally invests in U.S. government agencies or government sponsored enterprises and investmentgrade securities, although the Fund may invest up to 25% of its total assets in lower-rated securities. CUSIP Number: Class S, 44929K648 Class C, 44929K713 Class A, 44929K549 Ticker Symbol: Class S, IOEZX Class C, IOECX Class A, IEQAX
Long/Short Fund
The ICON Long/Short Fund seeks capital appreciation. The Fund uses a quantitative methodology to identify securities ICON believes are underpriced relative to value. It normally invests in equity securities of companies of any market capitalization and traded in U.S. markets. The Fund will generally take long positions in equity securities identified as undervalued and take short positions in equity securities identified as overvalued. This strategy may not be changed unless Fund shareholders are given at least 60 days’ prior notice. Each long or short position will be determined by considering the tradeoff between the attractiveness of each position and its impact on the risk of the overall portfolio. CUSIP Number: Class S, 44929K630 Class C, 44929K689 Class A, 44929K556 Ticker Symbol: Class S, IOLZX Class C, IOLCX Class A, ISTAX
Risk-Managed Equity Fund
ICON Risk-Managed Equity Fund seeks modest capital appreciation and to maximize realized gains. The Fund uses a quantitative methodology to identify securities ICON believes are underpriced relative to value. It seeks modest capital appreciation by normally investing at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities traded in U.S. markets, including common stocks and preferred stocks of any market capitalization. To manage the risk of holding equity securities, the Fund may write call options or purchase puts on the securities in the portfolio or indexes. The Fund may also purchase exchange traded funds and other derivatives. CUSIP Number: Class S, 44929K655 Class C, 44929K739 Class A, 44929K564 Ticker Symbol:
Class S, IOCZX Class C, IOCCX Class A, IOCAX
Asia-Pacific Region Fund
ICON Asia-Pacific Region Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON believes are underpriced relative to value. It normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in foreign equity securities in the Asia-Pacific Region. Foreign equity securities in the Asia-Pacific Region include securities of issuers, wherever organized, whose securities are traded principally on a recognized stock exchange or over-the-counter market in the countries listed in the Morgan Stanley Capital International (“MSCI”) All Country (“AC”) Asia and AC Pacific Indexes. The Asia- Pacific Region includes the following countries: Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Thailand. This strategy may not be changed unless Fund shareholders are given at least 60 days’ prior notice. Equity securities in which the Fund may invest include common and preferred stocks of companies of any market capitalization.
CUSIP Number:
Class S, 44929K853
Class A, 44929K598
Class C, 44929K523
Ticker Symbol:
Class S, ICARX
Class A, IPCAX
Class C, ICPCX
Europe Fund
ICON Europe Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON believes are underpriced relative to value. It normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in foreign equity securities in the European region. Foreign equity securities in the European region include securities of issuers wherever organized, whose securities are traded principally on a recognized stock exchange or over-the-counter market in the countries listed in the Morgan Stanley Capital International (“MSCI”) Europe Index. The European Region includes the following countries: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Poland, Portugal, Spain, the Netherlands, Norway, Sweden, Switzerland, and the United Kingdom. This strategy may not be changed unless Fund shareholders are given at least 60 days’ prior notice. Equity securities in which the Fund may invest include common and preferred stocks of companies of any market capitalization.
CUSIP Number:
Class S, 44929K820
Class A, 44929K580
Class C, 44929K481
Ticker Symbol:
Class S, ICSEX
Class A, IERAX
Class C, ICUCX
International Equity Fund
ICON International Equity Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON believes are underpriced relative to value. It normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in foreign equity securities. Foreign equity securities refer to securities of issuers, wherever organized, whose securities are listed or traded principally on a recognized stock exchange or over-the-counter market outside the United States. This strategy may not be changed unless Fund shareholders are given at least 60 days’ prior notice. Equity securities in which the Fund may invest include common and preferred stocks of companies of any market capitalization.
CUSIP Number:
Class Z, 44929K838
Class I, 44929K622
Class C, 44929K614
Class A, 44929K572
Class S, 44929K440
Class Q*, 44929K457
Ticker Symbol:
Class Z, ICNEX
Class I, IIQIX
Class C, IIQCX
Class A, IIQAX
Class S, ICESX
Class Q*, ICEQX
Consumer Discretionary Fund
ICON Consumer Discretionary Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON 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 Consumer Discretionary sector (as determined by the Global Industry Classification Standard) including, but not limited to: Advertising, Apparel & Accessories & Luxury Goods, Apparel Retail, Auto Parts & Equipment, Automobile Manufacturers, Catalog Retail, Computer And Electronics Retail, Consumer Electronics, Department Stores, Distributors, Footwear, General Merchandise Stores, Home Furnishings, Home Improvement Retail, Homebuilding, Household Appliances, Housewares & Specialties, Internet Retail, Motorcycle Manufacturers, Specialty Stores, Textiles and Tire & Rubber. Industries and companies within the ICON Consumer Discretionary Sector are determined by the Global Industrial Classified Standard, except where the Adviser believes the industry(s) is best characterized as leisure. 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.
CUSIP Number:
Class A, 44929K432
Class C, 44929K424
Class S, 44929K309
Ticker Symbol:
Class A, ICCAX
Class C, ICCEX
Class S, ICCCX
Energy Fund
ICON Energy Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON 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 Energy sector (as determined by the Global Industry Classification Standard) including, but not limited to: Integrated Oil & Gas, Oil & Gas Drilling, Oil & Gas Equipment & Services, Oil & Gas Exploration & Production, and Oil & Gas Refining, Marketing & Transportation. 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.
CUSIP Number:
Class A, 44929K416
Class C, 44929K390
Class S, 44929K507
Ticker Symbol:
Class A, ICEAX
Class C, ICEEX
Class S, ICENX
Financial Fund
ICON Financial Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON 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 Financial sector (as determined by the Global Industry Classification Standard) including, but not limited to: Asset Management & Custody Banks, Consumer Finance, Diversified Banks, Diversified Capital Markets, Insurance Brokers, Investment Banking & Brokers, Life & Health Insurance, Multi-line Insurance, Multi-sector Holdings, Other Diversified Financial Services, Property & Casualty Insurance, Real Estate Investment Trusts, Real Estate Management & Development, Regional Banks, Reinsurance, Specialized Finance, and Thrifts & Mortgage Finance. 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.
CUSIP Number:
Class A, 44929K382
Class C, 44929K374
Class S, 44929K606
Ticker Symbol:
Class A, ICFAX
Class C, ICOCX
Class S, ICFSX
Healthcare Fund
ICON Healthcare Fund seeks long-term capital appreciation.
The Fund using a quantitative methodology to identify securities ICON 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 Health Care sector (as determined by the Global Industry Classification Standard) including, but not limited to: Biotechnology, Health Care Distributors, Health Care Equipment, Health Care Facilities, Health Care Services, Health Care Supplies, 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.
CUSIP Number:
Class A, 44929K366
Class C, 44929K358
Class S, 44929K705
Ticker Symbol:
Class A, ICHAX
Class C, ICHEX
Class S, ICHCX
Industrials Fund
ICON Industrials Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON 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 Industrials sector (as determined by the Global Industry Classification Standard) including, but not limited to: Aerospace & Defense, Air Freight & Logistics, Airlines, Airport Services, Building Products, Commercial Printing, Construction & Engineering, Construction & Farm Machinery & Heavy Equipment, Diversified Commercial Services, Electrical Components & Equipment, Employment Services, Environmental Services, Heavy Electrical Equipment, Highways & Railtracks, Industrial Conglomerates, Industrial Machinery, Marine, Marine Ports & Services, Office Services & Supplies, Railroads, Trading Companies & Distributors, and Trucking. 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.
CUSIP Number:
Class A, 44929K341
Class C, 44929K333
Class S,44929K861
Ticker Symbol:
Class A, ICIAX
Class C, ICICX
Class S, ICTRX
Information Technology Fund
ICON Information Technology Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON 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 sector (as determined by the Global Industry Classification Standard) including, but not limited to: Application Software, Communications Equipment, Computer Hardware, Computer Storage & Peripherals, Data Processing & Outsourced Services, Electronic Equipment Manufacturers, Electronic Manufacturing Services, Home Entertainment Software, Internet Software & Services, IT Consulting & Services, Office Electronics, Semiconductor Equipment, Semiconductors, Systems Software and Technology Distributors. 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.
CUSIP Number:
Class A, 44929K325
Class C, 44929K317
Class S, 44929K887
Ticker Symbol:
Class A, ICTTX
Class C, ICTFX
Class S, ICTEX
Leisure and Consumer Staples Fund
ICON Leisure and Consumer Staples Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON 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 Leisure and Consumer Staples sectors, including, but not limited to: Agricultural Products, Brewers, Broadcasting & Cable TV, Casinos & Gaming, Distillers & Vintners, Drug Retail, Food Distributors, Food Retail, Hotels Resorts & Cruise Lines, Household Products, Hypermarkets & Super Centers, Leisure Facilities, Leisure Products, Movies & Entertainment, Packaged Foods & Meats, Personal Products, Photographic Products, Publishing, Restaurants, Soft Drinks and Tobacco. 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. The Consumer Staples sector is categorized by the Global Industry Classification Standard (“GICS”). The Leisure sector, as defined by ICON, consists of sub-industries in the Consumer Discretionary sector as categorized by GICS, which the Adviser believes are best characterized as leisure related.
CUSIP Number:
Class A, 44929K291
Class C, 44929K283
Class S, 44929K804
Ticker Symbol:
Class A, ICRAX
Class C, ICLCX
Class S, ICLEX
Materials Fund
ICON Materials Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON 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 Materials sector (as determined by the Global Industry Classification Standard) including, but not limited to Aluminum, Commodity Chemicals, Construction Materials, Diversified Chemicals, Diversified Metals & Mining, Fertilizers & Agricultural Chemicals, Forest Products, Gold, Industrial Gases, Metal & Glass Containers, Paper Packaging, Paper Products, Precious Metals & Minerals, Specialty Chemicals, and Steel. 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.
CUSIP Number:
Class A, 44929K275
Class C, 44929K267
Class S, 44929K101
Ticker Symbol:
Class A, ICBAX
Class C, ICBCX
Class S, ICBMX
Utilities Fund
ICON Utilities Fund seeks long-term capital appreciation.
The Fund uses a quantitative methodology to identify securities ICON 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 sector (as determined by the Global Industry Classification Standard) including, but not limited to: Electric Utilities, Gas Utilities, Independent Power Producers & Energy Traders, Multi-utilities 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.
CUSIP Number:
Class A, 44929K259
Class C, 44929K242
Class S, 44929K879
Ticker Symbol:
Class A, ICTVX
Class C, ICTZX
Class S, ICTUX
Bond Fund
ICON Bond Fund seeks maximum total return.
The Fund uses a quantitative methodology to identify securities ICON 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 bonds. These include corporate bonds, notes, debentures, asset-backed securities, and mortgage-related 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 25% of its assets in lower-rated securities. There is no limit on the Fund’s average maturity or on the maturity of any individual issues in the Fund.
CUSIP Number:
Class I, 44929K762
Class C, 44929K754
Class A, 44929K234
Ticker Symbol:
Class I, IOBIX
Class C, IOBCX
Class A, IOBAX
* Effective January 23, 2012, ICON Core Equity Fund was renamed ICON Fund.
Effective January 23, 2012, Class I merged with and into Class A. The performance data presented is that of Class A before the merger.
There are risks involved with mutual fund investing, including the risk of loss of principal. There is no assurance that the investment process will consistently lead to successful results. Investing in fixed income securities such as bonds involves interest rate risk. When interest rates rise, the value of fixed income securities generally decreases. The Bond Fund may invest up to 25% of its assets in high-yield bonds that are below investment grade. High-yield bonds involve a greater risk of default and price volatility than U.S. Government and other higher-quality bonds. Call options involve certain risks, such as limited gains and lack of liquidity of the underlying securities, and are not suitable for all investors.
Investments in international securities may entail unique risks, including political, market, regulatory and currency risks. Financial statements of foreign companies are governed by different accounting, auditing, and financial standards than U.S. companies and may be less transparent and uniform than in the United States. Many corporate governance standards, which help ensure the integrity of public information in the United States, do not exist in foreign countries. In general, there is less governmental supervision of foreign stock exchanges and securities brokers and issuers. An investment in a region fund may involve greater risk and volatility than a more diversified fund.
An investment concentrated in sectors and industries may involve greater risk and volatility than a more diversified investment, and the Technology sector has been among the most volatile sectors in the market. There are risks associated with selling short, including the risk that the Long/Short Fund may have to cover its short position at a higher price than the short price, resulting in a loss. The Fund's loss on a short sale is potentially unlimited as a loss occurs when the value of a security sold short increases. There are risks associated with Small and Mid Cap investing such as less liquidity, limited product lines, and small market share.
Consider the investment objectives, risks, charges, expenses, and share classes of each ICON Fund carefully before investing. The prospectus, summary prospectus and the statement of additional information contain this and other information about the Funds; please read the prospectus, summary prospectus and the statement of additional information carefully before investing. ICON DistributorsSM, distributor
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