ICON Natural Resources & Infrastructure Fund Investor
ICBAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 5299 Dtc Boulevard Greenwood Village CO United States of America 80111
- IPO Date
- Sep 30, 2010
- CIK
- 0001025770
- Website
- iconadvisers.com
- Similar Companies
- Business
- ICON Natural Resources and Infrastructure Fund Investor (ICBAX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies the Advisor considers natural resources and/or infrastructure focused, primarily in the Energy, Industrials, Materials, and Utilities sectors; equity securities include common stocks and preferred stocks of companies of any market capitalization; the Fund is non-diversified and may invest in U.S. and non-U.S. companies, with current allocations emphasizing U.S. stocks (approximately 83%), non-U.S. stocks (17%), and minor cash holdings. The Fund targets investors seeking exposure to commodity-based industries such as energy, chemicals, minerals, and infrastructure-related operations, with sector weightings including Materials (46%), Industrials (36%), Energy (9%), and Utilities (9%); top holdings feature industrials and materials firms like ZTO Express, Kornit Digital, Alaska Air Group, and Compass Minerals. It operates globally with primary emphasis on the United States, Latin America, Canada, and emerging Asia, and maintains a portfolio turnover rate of around 119-137%. Launched on September 30, 2010, the Fund is managed by ICON Funds, with Shelton Capital Management as investment adviser and ICON Advisers, Inc. as sub-adviser; portfolio management includes lead manager Craig T. Callahan since 2019, alongside co-managers Donovan J. Paul, Brian Callahan, and Scott Callahan. The Investor Class (ICBAX) carries a net expense ratio of 1.56%, with total assets under management of approximately $124-132 million as of late 2025; an Institutional Class (ICBMX) is available with potentially lower fees. The Fund underwent a series of reorganizations in 2020, integrating predecessor strategies into SCM Trust structure under current management. Recent developments include sustained portfolio adjustments amid sector volatility, with year-to-date returns of around 13% as of September 2025 and NAV fluctuations between $13.49 and $19.98 over the prior 52 weeks; the Fund issued a most recent distribution of $0.0991 per share. No major acquisitions, funding rounds, partnerships, or strategic shifts specific to the Fund were reported in the last 1-2 years, reflecting stable operations focused on quantitative model-driven security selection within its core sectors. Ongoing emphasis on mid- and small-cap value stocks in natural resources and infrastructure aligns with Morningstar's Natural Resources category rating.