ICON FlexibleBondFund (IOBZX)
The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in a broad range of U.S. dollar-denominated fixed income products. These include corporate bonds, notes and debentures, and closed-end funds that invest at least 80% of their assets in fixed income securities, as well as U.S. government and agency securities.
Fund Info
| ISIN | US78410K6910 |
|---|---|
| CUSIP | 44929K671 |
| Issuer | ICON Funds |
| Inception Date | May 5, 2004 |
| Category | Multisector Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
IOBZX features an expense ratio of 0.76%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ICON FlexibleBondFund, 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 FlexibleBondFund had a return of 6.87% year-to-date (YTD) and 10.37% in the last 12 months. Over the past 10 years, ICON FlexibleBondFund had an annualized return of 3.70%, while the S&P 500 had an annualized return of 10.55%, indicating that ICON FlexibleBondFund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.87% | 13.39% |
| 1 month | 1.40% | 4.02% |
| 6 months | 4.49% | 5.56% |
| 1 year | 10.37% | 21.51% |
| 5 years (annualized) | 4.07% | 12.69% |
| 10 years (annualized) | 3.70% | 10.55% |
Monthly Returns
The table below presents the monthly returns of IOBZX, 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 | 0.85% | 1.07% | 0.71% | -0.75% | 1.27% | 1.09% | 1.06% | 1.06% | 6.87% | ||||
| 2023 | 2.97% | 0.09% | -0.28% | 1.16% | -0.30% | 1.15% | 1.22% | -0.08% | -0.61% | -0.90% | 2.88% | 1.67% | 9.26% |
| 2022 | -0.71% | -1.27% | -1.08% | -1.87% | -0.66% | -2.78% | 2.65% | -0.20% | -1.82% | 0.07% | 2.18% | -0.14% | -5.63% |
| 2021 | 0.58% | 0.21% | 0.66% | 0.64% | 0.59% | 0.66% | 0.14% | 0.53% | 0.00% | 0.17% | -0.34% | 0.26% | 4.17% |
| 2020 | 0.55% | -0.65% | -9.86% | 5.79% | 1.72% | 0.42% | 2.19% | 1.10% | -0.44% | 0.29% | 2.51% | 1.67% | 4.61% |
| 2019 | 1.96% | 0.65% | 1.04% | 0.55% | 0.14% | 1.02% | 0.27% | 0.63% | 0.38% | 0.33% | 0.19% | 0.71% | 8.16% |
| 2018 | -0.07% | -0.22% | 0.28% | -0.06% | 0.61% | 0.17% | 0.28% | 0.61% | -0.04% | -0.44% | -0.14% | -0.16% | 0.80% |
| 2017 | 0.50% | 0.94% | 0.19% | 0.72% | 0.50% | 0.19% | 0.37% | 0.23% | 0.14% | 0.20% | -0.17% | 0.33% | 4.23% |
| 2016 | 0.72% | -0.43% | -0.01% | 3.04% | 0.48% | 0.89% | 1.28% | 0.47% | 0.35% | -0.42% | -1.36% | 0.78% | 5.88% |
| 2015 | 1.26% | 0.20% | 0.01% | 0.33% | -0.28% | -0.90% | 0.55% | -1.09% | 0.35% | 0.84% | -0.26% | -0.28% | 0.70% |
| 2014 | 1.51% | 1.30% | 0.06% | 0.97% | 1.13% | 0.24% | -0.26% | 0.92% | -0.70% | 0.39% | -0.48% | -0.86% | 4.28% |
| 2013 | -0.38% | 0.51% | 0.18% | 0.95% | -1.22% | -1.82% | 0.47% | -0.51% | 0.75% | 1.27% | -0.42% | -0.12% | -0.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of IOBZX is 96, placing it in the top 4% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ICON FlexibleBondFund (IOBZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ICON FlexibleBondFund granted a 6.47% dividend yield in the last twelve months. The annual payout for that period amounted to $0.56 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.56 | $0.44 | $0.46 | $0.38 | $0.44 | $0.37 | $0.38 | $0.31 | $0.37 | $0.71 | $0.39 |
Dividend yield | 6.47% | 6.53% | 5.22% | 4.90% | 4.03% | 4.67% | 4.11% | 4.06% | 3.32% | 4.00% | 7.56% | 3.99% |
Monthly Dividends
The table displays the monthly dividend distributions for ICON FlexibleBondFund. 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 | $0.04 | $0.05 | $0.05 | $0.09 | $0.04 | $0.04 | $0.05 | $0.04 | $0.00 | $0.40 | |||
| 2023 | $0.04 | $0.04 | $0.06 | $0.04 | $0.04 | $0.10 | $0.04 | $0.04 | $0.06 | $0.05 | $0.04 | $0.02 | $0.56 |
| 2022 | $0.02 | $0.02 | $0.05 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.06 | $0.44 |
| 2021 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.46 |
| 2020 | $0.03 | $0.05 | $0.03 | $0.03 | $0.04 | $0.04 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2019 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.05 | $0.04 | $0.03 | $0.05 | $0.04 | $0.44 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.02 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.05 | $0.37 |
| 2017 | $0.03 | $0.03 | $0.05 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.02 | $0.02 | $0.03 | $0.04 | $0.31 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2014 | $0.03 | $0.04 | $0.06 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.05 | $0.05 | $0.00 | $0.31 | $0.71 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.17 | $0.39 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the ICON FlexibleBondFund. 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 FlexibleBondFund was 15.53%, occurring on Mar 24, 2020. Recovery took 118 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.53% | Feb 10, 2020 | 31 | Mar 24, 2020 | 118 | Sep 10, 2020 | 149 |
| -8.55% | Jan 24, 2008 | 193 | Oct 28, 2008 | 140 | May 20, 2009 | 333 |
| -8.48% | Nov 10, 2021 | 159 | Jun 29, 2022 | 306 | Sep 18, 2023 | 465 |
| -7.1% | Mar 10, 2004 | 46 | May 13, 2004 | 144 | Dec 8, 2004 | 190 |
| -5.02% | Aug 5, 2011 | 46 | Oct 10, 2011 | 77 | Jan 31, 2012 | 123 |
Volatility
Volatility Chart
The current ICON FlexibleBondFund volatility is 0.43%, 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.