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Investment System Overview

Powered by a Disciplined System

 
Focusing on valuation, relative strength, and industry rotation to capture changing market themes, ICON relies on in-house research to provide portfolio solutions for financial advisers and their clients. As a disciplined, quantitative system designed to remove the emotion from investing, the ICON methodology:

  • Computes value-to-price ratios (V/P) utilizing the fundamentals of finance - earnings, projected growth, risk, and interest rates.
  • Determines industries within market sectors that our system shows to be demonstrating leadership against the broader market.
  • Rotates among undervalued and overvalued industries, buying those believed to be on sale, selling those seen as overpriced.
  • Selects individual securities that are underpriced relative to our estimate of intrinsic value.
  • Filters out corporate noise and goes against the crowd when valuation dictates.
  • Places no restrictions on market capitalization or simplistic value/growth characteristics; instead seeks the best value identified by the system for the investment dollar.

Based on the fair value methodology of Benjamin Graham, the "Father of Securities Analysis," the ICON quantitative valuation model has adapted and advanced Graham's approach to today's ever-changing market conditions. By combining valuation and relative strength to uncover leading market themes, ICON stresses industry exposure, thereby lessening the random risk associated with selecting individual securities.

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. 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.

ICON’s value-to-price ratio is a ratio of the intrinsic value, as calculated using ICON’s proprietary valuation methodology, of a broad range of domestic and international securities within ICON’s system as compared to the current market price of those securities. To analyze intrinsic value, the ICON valuation methodology relies on the integrity of publicly released financial statements.

ICON’s “relative strength” estimate reflects ICON’s calculation of how an individual stock has performed compared to the broad stock market over a six-month period.

ICON’s value-based investing model is an analytical, quantitative approach to investing that employs various factors, including projected earnings growth estimates and bond yields, in an effort to determine whether securities are over- or underpriced relative to ICON’s estimates of their intrinsic value. ICON’s value approach involves forward-looking statements and assumptions based on judgments and projections that are neither predictive nor guarantees of future results. Value readings are contingent on several variables including, without limitation, earnings, growth estimates, interest rates and overall market conditions. Although valuation readings serve as guidelines for our investment decisions, we retain the discretion to buy and sell securities that fall beyond these guidelines as needed. Value investing involves risks and uncertainties and does not guarantee better performance or lower costs than other investment methodologies.

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


ICON Funds are offered only to U.S. citizens or residents of the U.S., and the information on this Website is intended only for such persons. Nothing on this Website should be considered a solicitation to buy or an offer to sell shares of any ICON Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.