ICON Equity Fund Investor
ISTAX
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
- May 31, 2006
- CIK
- 0001025770
- Website
- iconadvisers.com
- Similar Companies
- Business
- ICON Equity Fund Investor (ISTAX) is an open-end mutual fund managed by ICON Advisers, Inc. that seeks capital appreciation through a primary focus on equity securities traded in U.S. markets, with a secondary objective of capital preservation for long-term growth. The fund employs a proprietary quantitative valuation model developed by founder Dr. Craig Callahan to systematically assess the intrinsic value of companies using factors such as average earnings per share, future earnings growth estimates, beta, and bond yields; this approach identifies undervalued opportunities across market capitalizations, particularly mid-cap blend stocks, and facilitates tactical rotations among sectors and industries exhibiting leadership potential. Its portfolio typically features high concentrations in financial services (around 30%), industrials (around 28%), and technology, with top holdings including Baker Hughes Co., Armstrong World Industries Inc., LPL Financial Holdings Inc., Horace Mann Educators Corp., and Mastercard Inc.; the fund maintains a net expense ratio of 1.44%, total net assets of approximately $48-50 million, and is available to U.S. investors with a minimum initial investment of $1,000. ICON Advisers, Inc., founded in 1986 and headquartered in Greenwood Village, Colorado, serves as the investment adviser for ISTAX and a suite of related no-load mutual funds, including sector-specific, diversified equity, fixed income, and tactical allocation portfolios that leverage the same disciplined, value-based methodology. The firm operates exclusively in the United States, targeting individual and institutional investors seeking active management solutions derived from in-house research and objective data analysis. In late 2024, the ICON Funds, including ISTAX, announced and paid significant year-end distributions, with the Equity Fund Investor Class distributing $2.8273 per share in long-term capital gains on November 29, 2024, reflecting strong portfolio performance and realization of gains amid market conditions. As of December 2025, no major acquisitions, partnerships, funding rounds, or strategic reorganizations have been publicly reported for ICON Advisers or ISTAX within the past 1-2 years, maintaining the firm's focus on its core quantitative investment process without notable structural changes. The fund continues to emphasize mid-cap blend strategies within the broader U.S. equity market, with ongoing portfolio management led by Craig Callahan (since 2011) alongside Brian and Scott Callahan (since 2020).