ICON Utilities and Income Fund Investor
ICTVX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- 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 Utilities and Income Fund Investor (ICTVX) is an open-end mutual fund that seeks long-term capital appreciation and income by investing primarily in equity securities of companies in the utilities sector; it normally allocates at least 80% of its net assets, plus any borrowings for investment purposes, to such securities, employing a quantitative methodology to identify undervalued stocks with mid-cap value characteristics. The fund's portfolio is heavily weighted toward U.S. utilities (approximately 81%), with additional exposure to communication services and energy; top holdings as of recent data include Vodafone Group PLC ADR, Atmos Energy Corp, National Fuel Gas Co, T-Mobile US Inc, and American Electric Power Company Inc, representing over 30% of assets, while diversification shows 93.5% in U.S. stocks and minor non-U.S. exposure. Managed by ICON Advisers, Inc. since the team's appointment in May 2019 (Craig Callahan, Brian Callahan, and Scott Callahan), the Investor Class (ICTVX) launched on September 30, 2010, with total net assets of approximately $24 million, a net expense ratio of 1.90%, and a minimum initial investment of $1,000; it operates from Greenwood Village, Colorado, under SCM Trust, available to U.S. investors. The Institutional Class (ICTUX), launched July 9, 1997, complements the Investor Class with lower fees at 1.66%. No major recent partnerships, acquisitions, funding rounds, product launches, or strategic shifts have been reported for the fund in the last 1-2 years, with portfolio composition and management remaining consistent amid stable assets under management.