Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
ICON Flexible Bond Institutional IOBZX
- NAV / 1-Day Return 8.79 / −0.11 %
- Total Assets 333.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.000%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 6.50%
- Effective Duration 2.16 years
USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:13 PM GMT+0
Morningstar’s Analysis IOBZX
Will IOBZX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 26.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Argo Group US, Inc. 0% | 3.57 | 10.9 Mil | Corporate |
American Airlines, Inc. 4% | 2.91 | 8.9 Mil | Securitized |
Equity Commonwealth 6.5 % Cum Conv Pfd Registered Shs Series -D- | 2.89 | 8.8 Mil | Real Estate |
NGL Energy Partners LP Cum Red Perp Pfd Units -B- | 2.88 | 8.8 Mil | Energy |
American Airlines, Inc. 3.85% | 2.64 | 8.1 Mil | Securitized |
Farm Credit Bank of Texas 7.75% | 2.38 | 7.3 Mil | Government |
United Air Lines, Inc. 3.45% | 2.37 | 7.2 Mil | Securitized |
BlackRock ESG Capital Allocation Term | 2.28 | 7.0 Mil | — |
Fifth Third Bancorp 8.69252% | 2.19 | 6.7 Mil | Corporate |
JPMorgan Chase & Co. 5% | 2.01 | 6.1 Mil | Corporate |