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Morningstar

ICON Flexible Bond Institutional IOBZX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.60  /  0.12 %
  • Total Assets 166.5 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.770%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.22%
  • Effective Duration 2.37 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:10 PM GMT+00:00

Morningstar’s Analysis IOBZX

Will IOBZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IOBZX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the IOBZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of IOBZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Weakness in ICON Flexible Bond Institutional's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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