ICON Utilities and Income Fund Investor (ICTVX) Fund Overview

ICON Utilities and Income Fund Investor (ICTVX) Financial Services Profile

ICON Utilities and Income Fund Investor (ICTVX) is a non-diversified fund concentrating on utility sector equities, aiming for long-term capital appreciation. With a focus on both common and preferred stocks, the fund offers exposure to the utilities market, marked by a low beta of 0.52 and a dividend yield of 1.42%.

What Is the Investment Thesis for ICTVX?

ICON Utilities and Income Fund Investor (ICTVX) presents a focused investment opportunity within the utilities sector. The fund's strategy of investing at least 80% of its assets in utility equity securities offers targeted exposure to this traditionally stable market. The fund's dividend yield of 1.42% provides a potential income stream for investors. However, the fund's non-diversified nature concentrates risk, and its negative profit margin of -215.6% raises concerns about its operational efficiency. A potential catalyst is the increasing demand for utility services driven by population growth and infrastructure development. Investors should carefully weigh the fund's concentrated sector focus against its risk profile and profitability challenges. The fund's low beta of 0.52 suggests lower volatility compared to the broader market.

Based on FMP financials and quantitative analysis

ICTVX Key Highlights

Market Cap of $0.06 billion indicates a smaller fund size, potentially leading to higher volatility.

• Profit Margin of -215.6% suggests significant operational inefficiencies or losses.
• Gross Margin of 100.0% indicates strong revenue generation before expenses.
• Beta of 0.52 suggests lower volatility compared to the overall market.
• Dividend Yield of 1.42% provides a modest income stream for investors.

Who Are ICTVX's Competitors?

ICTVX is benchmarked below against 5 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are ICTVX's Key Strengths?

Focus on the stable utilities sector.

• Potential for income generation through dividends.
• Low beta suggests lower volatility.
• Exposure to essential services.

What Are ICTVX's Weaknesses?

Non-diversified nature concentrates risk.

• Negative profit margin indicates operational challenges.
• Small market cap may lead to higher volatility.
• Reliance on the performance of the utilities sector.

What Are the Key Risks for ICTVX?

Financial-distress signal — its Altman Z-Score of 0.91 sits in the distress zone (elevated bankruptcy risk).

• Negative return on equity (-12.1%) — the business is not currently generating profit on shareholder capital.
• Regulatory changes impacting utility pricing and profitability.
• Rising interest rates increasing borrowing costs for utility companies.
• Economic downturns reducing demand for utility services.
• Non-diversified nature of the fund concentrates risk.

What Are ICTVX's Competitive Advantages?

• Sector Expertise: Specialized knowledge and focus on the utilities sector.
• Established Investment Strategy: A consistent approach to investing in utility equities.
• Access to Utility Companies: Network and relationships with companies in the utilities sector.

What Does ICTVX Do?

ICON Utilities and Income Fund Investor (ICTVX) is an investment fund designed to provide investors with long-term capital appreciation. Founded with the objective of capitalizing on the stability and income potential of the utilities sector, the fund strategically allocates its assets to equity securities of companies operating within this domain. The fund's investment strategy mandates that at least 80% of its net assets, inclusive of any borrowings for investment purposes, be directed towards equity securities of utility companies. These equity securities encompass both common and preferred stocks, providing flexibility in capturing diverse opportunities within the sector. ICTVX is non-diversified, meaning it can concentrate its investments in a smaller number of holdings compared to a diversified fund. This approach can potentially lead to higher returns but also carries increased risk. The fund invests across all market capitalizations, from large-cap to small-cap companies, allowing it to access a broad spectrum of utility businesses. By focusing on the utilities sector, ICTVX aims to provide investors with exposure to companies involved in essential services such as electricity, gas, and water, which tend to be less sensitive to economic cycles and offer stable income streams.

What Products and Services Does ICTVX Offer?

• Invests primarily in equity securities of utility companies.
• Focuses on long-term capital appreciation.
• Allocates at least 80% of its assets to utility sector equities.
• Invests in both common and preferred stocks.
• Operates as a non-diversified fund.
• Invests across all market capitalizations.

How Does ICTVX Make Money?

• Generates returns through capital appreciation of its investments in utility sector equity securities.
• Collects management fees from investors based on the fund's assets under management (AUM).
• May generate income from dividends paid by the utility companies in its portfolio.

What Industry Does ICTVX Operate In?

ICON Utilities and Income Fund Investor operates within the asset management industry, specifically focusing on income-generating funds within the utilities sector. The utilities sector is known for its relative stability and consistent dividend payouts, making it attractive to income-seeking investors. However, the sector is also subject to regulatory oversight and capital-intensive infrastructure projects. Competitors like FQUAX, HSSAX, JIDVX, JNDVX, and JUCCX offer alternative investment options within the income and utilities space. The asset management industry is highly competitive, with firms vying for investor capital based on performance, fees, and investment strategies.

Who Are ICTVX's Key Customers?

• Individual investors seeking long-term capital appreciation.
• Institutional investors looking for exposure to the utilities sector.
• Retirement savers seeking income and growth potential.

Return on equity for ICON Utilities and Income Fund Investor stands at -12.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -10.2%, showing how much profit it generates from its asset base. Its free cash flow yield is 15.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.05 means current liabilities exceed short-term assets, a liquidity point worth watching.

ICON Utilities and Income Fund Investor's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.91 places it in the distress zone, a signal of elevated financial risk.

ICTVX Financials

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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