Icon Information Technology Fund Quote
| ICTEX Fund | USD 17.06 0.22 1.27% |
Performance2 of 100
| Odds Of DistressLess than 23
|
Icon Information is trading at 17.06 as of the 29th of November 2024; that is 1.27 percent down since the beginning of the trading day. The fund's open price was 17.28. Icon Information has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Icon Information Technology are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of December 2022 and ending today, the 29th of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies in the Information Technology and Health Care sectors. Equity securities in which the fund may invest include common stocks and preferred stocks of companies of any market capitalization. More on Icon Information Technology
Moving against Icon Mutual Fund
Icon Mutual Fund Highlights
| Thematic Idea | Tech Funds (View all Themes) |
| Fund Concentration | ICON Funds, Large Growth Funds, Technology Funds, Tech Funds, Technology, ICON Funds, Large Growth, Technology (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 24th of January 2020 |
| Fiscal Year End | September |
Icon Information Technology [ICTEX] is traded in USA and was established 29th of November 2024. Icon Information is listed under ICON Funds category by Fama And French industry classification. The fund is listed under Technology category and is part of ICON Funds family. The entity is thematically classified as Tech Funds. This fund currently has accumulated 54.01 M in assets under management (AUM) with minimum initial investment of 1 K. Icon Information Tec is currently producing year-to-date (YTD) return of 16.26%, while the total return for the last 3 years was 2.91%.
Check Icon Information Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Icon Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Icon Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Icon Information Technology Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Icon Information Technology Mutual Fund Constituents
| EBIX | Ebix Inc | Stock | Information Technology | |
| MEI | Methode Electronics | Stock | Information Technology | |
| EEFT | Euronet Worldwide | Stock | Industrials | |
| MA | Mastercard | Stock | Financials | |
| DXC | DXC Technology Co | Stock | Information Technology | |
| ADP | Automatic Data Processing | Stock | Information Technology | |
| GPN | Global Payments | Stock | Financials | |
| PRFT | Perficient | Stock | Information Technology |
Icon Information Tec Risk Profiles
| Mean Deviation | 0.7527 | |||
| Semi Deviation | 0.9592 | |||
| Standard Deviation | 0.9708 | |||
| Variance | 0.9424 |
Icon Information Against Markets
Other Information on Investing in Icon Mutual Fund
Icon Information financial ratios help investors to determine whether Icon Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Icon with respect to the benefits of owning Icon Information security.
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