ICON Flexible Bond Fund Investor

Frequently Asked Questions About IOBAX

What does IOBAX invest in?

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.

What is the expense ratio of IOBAX?

ICON Flexible Bond Fund Investor (IOBAX) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is IOBAX's dividend yield?

IOBAX's trailing-twelve-month yield is 6.61%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of IOBAX?

Effective duration measures IOBAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. IOBAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of IOBAX?

IOBAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of IOBAX?

Yield to maturity (YTM) is the total return you'd earn from IOBAX if every bond in the portfolio is held to maturity at the current price. IOBAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.