ICON Health and Information Technology Fund (ICTEX)
The fund 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. Equity securities in which the fund may invest include common stocks and preferred stocks of companies of any market capitalization. It is non-diversified.
Fund Info
| ISIN | US78410K7413 |
|---|---|
| CUSIP | 44929K887 |
| Issuer | ICON Funds |
| Inception Date | Feb 18, 1997 |
| Category | Technology Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
ICTEX has a high expense ratio of 1.26%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ICTEX vs. FSELX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ICON Health and Information Technology Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ICON Health and Information Technology Fund had a return of 8.30% year-to-date (YTD) and 21.03% in the last 12 months. Over the past 10 years, ICON Health and Information Technology Fund had an annualized return of 18.26%, outperforming the S&P 500 benchmark which had an annualized return of 10.90%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.30% | 11.05% |
| 1 month | 5.71% | 4.86% |
| 6 months | 16.72% | 17.50% |
| 1 year | 21.03% | 27.37% |
| 5 years (annualized) | 13.27% | 13.14% |
| 10 years (annualized) | 18.26% | 10.90% |
Monthly Returns
The table below presents the monthly returns of ICTEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.88% | 4.59% | 2.58% | -5.47% | 8.30% | ||||||||
| 2023 | 3.82% | -2.83% | 1.42% | -0.20% | -0.13% | 3.41% | 1.03% | -0.00% | -3.78% | -2.40% | 7.72% | 5.38% | 13.59% |
| 2022 | -7.30% | -4.53% | 1.57% | -9.25% | 2.89% | -8.09% | 8.02% | -3.88% | -7.04% | 7.44% | 3.53% | -2.66% | -19.38% |
| 2021 | -0.00% | 2.00% | 2.74% | 5.47% | 0.08% | 1.98% | 2.93% | -0.04% | -7.75% | 5.01% | -2.16% | 6.90% | 17.62% |
| 2020 | 3.37% | -8.92% | -13.50% | 14.87% | 6.31% | 5.33% | 7.02% | 5.70% | -4.68% | -3.09% | 15.18% | 6.24% | 33.95% |
| 2019 | 9.29% | 7.66% | 1.69% | 5.75% | -7.47% | 8.71% | 2.67% | -2.09% | 0.19% | 1.94% | 5.46% | 4.32% | 43.76% |
| 2018 | 6.01% | -1.55% | -2.73% | -2.62% | 7.67% | -1.31% | 0.60% | 5.20% | -2.27% | -8.03% | -1.64% | -15.40% | -16.84% |
| 2017 | 4.71% | 4.82% | 2.51% | 1.38% | 5.25% | -1.12% | 4.20% | 1.63% | 2.46% | 5.80% | -0.69% | -19.65% | 8.74% |
| 2016 | -5.30% | 0.85% | 7.76% | -5.02% | 6.18% | -3.36% | 6.52% | 2.86% | 1.81% | -1.34% | 0.23% | -15.23% | -6.20% |
| 2015 | -1.16% | 6.23% | 0.46% | -0.58% | 4.17% | -5.07% | 3.10% | -4.48% | 0.13% | 7.76% | 2.17% | 29.09% | 45.34% |
| 2014 | -4.18% | 5.18% | -1.88% | -1.20% | 2.90% | 3.68% | -1.29% | 4.67% | -0.88% | 3.91% | 3.48% | 64.90% | 89.33% |
| 2013 | 3.05% | -1.82% | 2.52% | -1.99% | 4.35% | -4.54% | 6.50% | -0.46% | 4.76% | 3.24% | 4.07% | 96.73% | 137.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ICTEX is 45, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
ICTEX (ICON Health and Information Technology Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ICON Health and Information Technology Fund (ICTEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ICON Health and Information Technology Fund granted a 11.50% dividend yield in the last twelve months. The annual payout for that period amounted to $1.83 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.83 | $1.83 | $2.76 | $3.60 | $0.74 | $0.72 | $1.20 | $0.42 | $0.24 | $3.96 | $5.56 | $5.86 |
Dividend yield | 11.50% | 12.46% | 18.84% | 16.62% | 3.45% | 4.35% | 9.97% | 2.66% | 1.60% | 24.66% | 38.03% | 46.17% |
Monthly Dividends
The table displays the monthly dividend distributions for ICON Health and Information Technology 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.83 | $0.00 | $1.83 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.76 | $0.00 | $2.76 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.60 | $3.60 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.00 | $0.74 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $1.20 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.96 | $3.96 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.56 | $5.56 |
| 2013 | $5.86 | $5.86 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ICON Health and Information Technology 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 Health and Information Technology Fund was 77.97%, occurring on Mar 11, 2003. Recovery took 2710 trading sessions.
The current ICON Health and Information Technology Fund drawdown is 1.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -77.97% | Mar 10, 2000 | 749 | Mar 11, 2003 | 2710 | Dec 19, 2013 | 3459 |
| -43.13% | Sep 24, 1997 | 272 | Oct 8, 1998 | 52 | Dec 21, 1998 | 324 |
| -39.57% | Nov 22, 2017 | 273 | Dec 24, 2018 | 281 | Feb 6, 2020 | 554 |
| -35.08% | Feb 20, 2020 | 23 | Mar 23, 2020 | 81 | Jul 17, 2020 | 104 |
| -26.69% | Dec 7, 1999 | 9 | Dec 17, 1999 | 53 | Mar 3, 2000 | 62 |
Volatility
Volatility Chart
The current ICON Health and Information Technology Fund volatility is 3.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.