About IOBZX
ICON Flexible Bond Fund Institutional Class is a mutual fund designed to provide investors with exposure to a diversified portfolio of U.S. dollar-denominated fixed income securities. The fund primarily seeks to achieve maximum total return by investing at least 80% of its net assets in a broad array of fixed income instruments, such as corporate bonds, government obligations, notes, debentures, and occasionally, closed-end funds that focus on fixed income markets. It strategically allocates up to 35% of assets to high-yield, below investment-grade bonds, aiming to balance income generation with prudent risk management.
Classified within the multisector bond category, the fund actively diversifies across sectors and credit qualities, integrating both investment-grade and speculative-grade debt. Its approach is driven by a disciplined valuation methodology, identifying securities considered undervalued relative to their intrinsic worth. The fund distributes income monthly, reflecting its focus on consistent yield, and is managed with an expense ratio around 0.90%. Since its inception in 2004, the ICON Flexible Bond Fund Institutional Class has carved out a role in the market as a flexible fixed income solution suitable for institutional and sophisticated investors seeking diversification and adaptive bond strategies.
Fund Family ICON Funds
Category Multisector Bond
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol IOBZX
Share Class Institutional Class
Index Index is not available on Lipper Database
IOBZX had a total return of 2.24% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.95%.
