- ISIN
- US78410K7660
- CUSIP
- 44929K101
- Issuer
- ICON Funds
- Inception Date
- May 4, 1997
- Category
- Energy Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ICBMX Performance Chart
ICON Natural Resources and Infrastructure Fund (ICBMX) is up 21.2% since the beginning of the year. ICBMX is currently trading at $22 per share. Investors who bought $1,000 worth of ICBMX shares 5 years ago would now be looking at an investment worth $1,920.
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Returns By Period
ICON Natural Resources and Infrastructure Fund (ICBMX) has returned 21.18% so far this year and 46.74% over the past 12 months. Over the last ten years, ICBMX has had an annualized return of 13.04%, just under the S&P 500 Index benchmark’s 13.65%.
ICON Natural Resources and Infrastructure Fund
- 1D
- -0.95%
- 1M
- -0.23%
- YTD
- 21.18%
- 6M
- 20.29%
- 1Y
- 46.74%
- 3Y*
- 22.93%
- 5Y*
- 13.93%
- 10Y*
- 13.04%
Benchmark (S&P 500 Index)
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
ICBMX Monthly Returns History
Based on dividend-adjusted daily data since May 6, 1997, ICBMX's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, an investment would double in approximately 7.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Sep 1998 with a return of +24.4%, while the worst month was Mar 2020 at -21.2%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 9 months.
On a daily basis, ICBMX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +11.1%, while the worst single day was Mar 16, 2020 at -12.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.51% | 8.08% | -2.29% | 4.30% | -0.92% | 1.39% | 21.18% | ||||||
| 2025 | 3.78% | -4.04% | -5.73% | -4.46% | 3.96% | 4.99% | 4.99% | 5.83% | 4.12% | -0.21% | 1.22% | 1.34% | 15.95% |
| 2024 | -0.84% | 4.92% | 7.52% | -3.93% | 4.99% | -3.04% | 3.58% | -1.33% | 1.02% | -3.25% | 20.72% | -8.08% | 21.25% |
| 2023 | 4.47% | -0.89% | -2.10% | -1.10% | -3.35% | 10.90% | 5.15% | -2.37% | -4.85% | -7.70% | 7.15% | 6.93% | 11.02% |
| 2022 | -2.87% | 1.80% | 4.79% | -4.35% | 5.52% | -9.11% | 7.47% | -2.26% | -9.77% | 11.39% | 4.35% | -4.02% | 0.50% |
| 2021 | 1.38% | 14.84% | 2.50% | 3.59% | 2.23% | -1.04% | -3.08% | 0.96% | -3.03% | 8.27% | -2.49% | 4.26% | 30.63% |
Benchmark Metrics
ICON Natural Resources and Infrastructure Fund has an annualized alpha of 0.73%, beta of 0.95, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since May 07, 1997.
- This fund participated in 108.85% of S&P 500 Index downside but only 105.99% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.95 and R2 of 0.58, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.73%
- Beta
- 0.95
- R²
- 0.58
- Upside Capture
- 105.99%
- Downside Capture
- 108.85%
Expense Ratio
ICBMX has a high expense ratio of 1.31%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ICBMX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ICON Natural Resources and Infrastructure Fund (ICBMX) and compare them to S&P 500 Index.
| ICBMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 2.98 | +1.65 |
| Martin ratioReturn relative to average drawdown | 16.59 | 13.78 | +2.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
ICON Natural Resources and Infrastructure Fund provided a 8.26% dividend yield over the last twelve months, with an annual payout of $1.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.81 | $1.81 | $2.96 | $1.17 | $1.78 | $0.23 | $0.04 | $0.20 | $2.35 | $0.19 | $0.07 | $0.88 |
Dividend yield | 8.26% | 10.01% | 17.24% | 7.07% | 11.07% | 1.32% | 0.32% | 1.55% | 21.58% | 1.19% | 0.53% | 7.78% |
Monthly Dividends
The table displays the monthly dividend distributions for ICON Natural Resources and Infrastructure Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.51 | $0.30 | $1.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.82 | $0.14 | $2.96 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 | $0.16 | $1.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.59 | $0.19 | $1.78 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ICON Natural Resources and Infrastructure Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ICON Natural Resources and Infrastructure Fund was 63.92%, occurring on Mar 2, 2009. Recovery took 1146 trading sessions.
The current ICON Natural Resources and Infrastructure Fund drawdown is 0.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -63.92%Mar 2009 | 8mo 17d | 4y 6mo | 5y 3moJun 2008 - Sep 2013 |
2003 bear market2003 | -52.89%Mar 2003 | 5y 5mo | 1y 11mo | 7y 4moOct 1997 - Feb 2005 |
COVID crash2020 | -48.18%Mar 2020 | 2y 1mo | 9mo 19d | 2y 11moJan 2018 - Jan 2021 |
2016 bear market2016 | -35.38%Jan 2016 | 8mo 19d | 1y 7mo | 2y 4moMay 2015 - Sep 2017 |
2025 selloff2025 | -26.49%Apr 2025 | 4mo 7d | 4mo 21d | 8mo 28dDec 2024 - Aug 2025 |
Drawdown Indicators
| ICBMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.92% | -56.78% | -7.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -9.10% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -18.90% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -25.43% | -1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -48.18% | -33.92% | -14.26% |
Current DrawdownCurrent decline from peak | -0.95% | -0.33% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -17.88% | -10.72% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.97% | +0.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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