Three ICON Funds Named to Schwab Mutual Fund OneSource Select List®
GREENWOOD VILLAGE, Colo., June 3, 2016 /PRNewswire/ -- Charles Schwab & Co., Inc. has named the ICON Utilities Fund (ICTUX) and the ICON Energy Fund (ICENX) to the OneSource Select List. The two funds join the ICON Natural Resources Fund (ICBMX) on the OneSource Select List for Q2 2016. The ICON Natural Resources Fund is currently on the Mutual Fund Select List Advisor Edition™.
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To qualify, Charles Schwab Investment Advisory, Inc. (CSIA) rigorously analyzes funds across a series of quantitative and qualitative metrics that consider performance, risk and expenses. Funds considered must be actively managed, no load, no transaction fee mutual funds with a track record of three plus years.
The OneSource Select List is widely used by portfolio consultants and has become an important tool for helping investors sort through the thousands of available mutual funds for those that have distinguished themselves. The Select List Advisor Edition is a list of funds available to independent registered investment advisors.
"We are honored to be named to the Charles Schwab Select Lists," said Brian Callahan, Chief Sales & Marketing Officer. "By being included, Schwab has underscored our belief that an active, value-based approach to investing can add value to an investors' portfolio."
"At ICON we firmly believe in our valuation methodology. Our methodology allows us to actively rotate between industries within our sector funds," according to Derek Rollingson, Senior Vice President and Portfolio Manager for the ICON Energy Fund and ICON Utility Fund. "By actively rotating between industries where we see value, we believe that we can add value when compared to more passive index strategies."
About ICON Funds.
For 30 years, ICON has taken a disciplined, objective, and non-emotional approach to the way we manage money. In 1986, Dr. Craig Callahan founded ICON with the belief that emotions do not belong in investing. Dr. Callahan believes that ICON can properly determine the intrinsic value of each company in our investment universe using a modernized approach to the valuation techniques created by Benjamin Graham.
Past performance is not a guarantee of future results.
There are risks involved with mutual fund investing, including the risk of loss of principal. There is no assurance that the investment process will consistently lead to successful results. An investment concentrated in sectors and industries may involve greater risk and volatility than a more diversified investment.
Opinions and forecasts regarding mutual funds, sectors, industries, companies, countries and/or themes, and portfolio composition and holdings, are all subject to change at any time, based on market and other conditions, and should not be construed as a recommendation of any specific security, industry, or sector.
ICON's value-based investing model is an analytical, quantitative approach to investing that employs various factors, including projected earnings growth estimates and bond yields, in an effort to determine whether securities are over- or underpriced relative to ICON's estimates of their intrinsic value. ICON's value approach involves forward-looking statements and assumptions based on judgments and projections that are neither predictive nor guarantees of future results. Value readings are contingent on several variables including, without limitation, earnings, growth estimates, interest rates and overall market conditions. Although valuation readings serve as guidelines for our investment decisions, we retain the discretion to buy and sell securities that fall beyond these guidelines as needed. Value investing involves risks and uncertainties and does not guarantee better performance or lower costs than other investment methodologies.
Consider the investment objectives, risks, charges, expenses, and share classes of each ICON fund carefully before investing. The prospectus, summary prospectus, and the statement of additional information contain this and other information about the Funds and are available by visiting www.InvestwithICON.com or calling 1-800-828-4881. Please read the prospectus, summary prospectus, and the statement of additional information carefully before investing. ICON DistributorsSM, distributor
Charles Schwab & Co., Inc., member of SIPC, receives remuneration from fund companies for record keeping, shareholder services, and other administrative services for shares purchased through its Mutual Fund OneSource service.
5299 DTC Boulevard, 12th Floor
Greenwood Village, CO 80111
800.828.4881 phone | 303.790.1600 local
www.iconadvisers.com
ICON FundsSM
© 2013 ICON DistributorsSM
Contact:
Brian Callahan
(303) 328-9252
Email
SOURCE ICON Advisers, Inc.
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