Mutual Fund Insights: ICON Energy Fund (ICENX)

In-depth Analysis of ICON Energy Fund (ICENX)

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See ICON Energy Fund (ICENX) performance details as of January 31, 2010

  

Last Trade: $17.21 on 3/12/2010, Change: +0.05 (0.29%)

  

Fund Manager - Derek Rollingson

Fund Manager Tenure: 2.8 years
Fundmojo Fund Grade: C (Score: 0.57)     (What does this score mean?)

Rollingson is vice president of Investments, director of Research, and a senior member of ICONs Investment Committee. He joined ICON in 2000 as a junior member of the Investment Committee. In 2003, Rollingson was named a senior member of the Investment Committee. He was previously employed as a research analyst in corporate litigation for Navigant Consulting from 1997 to 2000.  Get more insights on Derek Rollingson

  

 What we like about ICON Energy Fund (ICENX)

Data for ICON Energy Fund (ICENX) as of January 31, 2010

• ICON Energy Fund (ICENX) has good mid-term performance (3-year return 2.47% vs -0.93% Equity Energy category average)
• ICON Energy Fund (ICENX) has good Long-term performance (5-year return 10.03% vs 8.83% Equity Energy category average)
• ICON Energy Fund (ICENX) ratio of up-years vs down years is greater than 2
• ICON Energy Fund (ICENX) has a Morningstar rating of 4 and above
• ICON Energy Fund (ICENX) is less volatile than its peers as it has a 3-year Standard Deviation of 27.31, lower than category average of 34
• ICON Energy Fund (ICENX) has a lower management fee than its Equity Energy average: 1.26% vs 1.73%
• ICON Energy Fund (ICENX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about ICON Energy Fund (ICENX)

Data for ICON Energy Fund (ICENX) as of January 31, 2010

• ICON Energy Fund (ICENX) management has been with ICON Energy Fund for only 2.8 years, it is hard to judge manager's ability based on this fund's operation record
• ICON Energy Fund is a focused fund with 33.63% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• ICON Energy Fund (ICENX) has a less-than-ideal short-term performance (1-year return 20.63% vs 39.60% Equity Energy category average)
• ICON Energy Fund (ICENX) is less safe compared to its Equity Energy peers
• ICON Energy Fund (ICENX) has an annual stock turnover rate of 186.47% that is higher than the Equity Energy average of 105.19%. This could mean ICON Energy is more nimble, but also signal potential high tax impact and high trading fees
• ICON Energy Fund (ICENX) does not have a good risk adjusted return as its 3-year Alpha of 11.39 is worse than category average of 12.28, and its 3-year Sharpe ratio is 0.15

See ICON Energy Fund (ICENX) performance details as of January 31, 2010

  

  

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ICON Energy Fund (ICENX) Net Asset

Track net asset change of ICON Energy fund (ICENX)

Date	Net Asset
01/2010	$575.15M
11/2009	$594.46M
10/2009	$571.67M

More historic net asset information on ICON Energy Fund (ICENX)

  

ICON Energy Fund (ICENX) Portfolio Allocation

Track portfolio allocation change of ICON Energy fund (ICENX)

Date	Cash	Stock	Bond	Other
09/2009	3.03%	96.97%	0%	0%
06/2009	4.18%	95.82%	0%	0%
03/2009	5.94%	94.06%	0%	0%

Click here to see more historic asset allocation information on ICON Energy Fund (ICENX)

  

Most Recent Top 10 Holdings in ICON Energy Fund (ICENX)

Discover what ICON Energy Fund (ICENX) manager is buying

30-Sep-09 OCCIDENTAL PET [6.73%] ATWOOD OCEANICS INC [3.82%] CHINA PETRO & CHEM [3.18%] PETROCHINA CO ADS [3.09%] NABORS INDS INC NEW [2.94%] PRIDE INTL INC [2.94%] HELIX ENERGY SOLUTNS [2.82%] MURPHY OIL CP HLDG [2.76%] SIEMENS A G ADR [2.68%] DIAMOND OFFSHORE DRL [2.67%]

30-Jun-09 OCCIDENTAL PET [5.15%] MURPHY OIL CP HLDG [3.24%] WALTER ENERGY, INC [3.14%] ATWOOD OCEANICS INC [3.04%] EXXON MOBIL CP [3%] MARATHON OIL CORP [2.68%] NABORS INDS INC NEW [2.56%] CHEVRON CORP [2.44%] DIAMOND OFFSHORE DRL [2.44%] CONS ENERGY INC [2.43%]

31-Mar-09 Exxon Mobil Corp. [17.13%] Chevron Corporation [13.82%] Occidental Petroleum Corp [5.76%] Murphy Oil Corp [3.54%] Imperial Oil Ltd [3%] National Oilwell Varco Inc [2.56%] Alliance Resource Partners, L.P [2.17%] Peabody Energy Corp [2.12%] Marathon Oil Corp. [2.1%] Apache Corp. [1.99%]

Click here for Stock Holding Change Map in ICON Energy Fund (ICENX)

  

Related books and products to ICON Energy Fund (ICENX)

  

Latest News on ICON Energy (ICENX)

See what is happening with ICON Energy Fund (ICENX)

3 Standout Energy Mutual Funds (at SmartMoney.com) See more news on ICON Energy Fund (ICENX)

 

Books and Resources

 

 

See more information on ICON Energy Fund (ICENX)

• ICON Energy Fund Insights
• ICON Energy Fund Performance Data
• ICON Energy Fund News
• ICON Energy Fund Score Explaination
• ICON Energy Fund Manager Information
• Historic ICON Energy Fund Asset Allocation Report
• Historic ICON Energy Fund Top 10 Holding Tracking
• Historic ICON Energy Fund Asset Under Management Tracking