0001398344-20-017458.txt : 20200827 0001398344-20-017458.hdr.sgml : 20200827 20200827161914 ACCESSION NUMBER: 0001398344-20-017458 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200630 FILED AS OF DATE: 20200827 PERIOD START: 20200930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ICON FUNDS CENTRAL INDEX KEY: 0001025770 IRS NUMBER: 752676133 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07883 FILM NUMBER: 201143092 BUSINESS ADDRESS: STREET 1: 5299 DTC BOULEVARD STREET 2: SUITE 1200 CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: 3037901600 MAIL ADDRESS: STREET 1: 5299 DTC BOULEVARD STREET 2: SUITE 1200 CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 0001025770 S000005060 ICON Equity Income Fund C000013842 Class C IOECX C000013843 Class S IOEZX C000033811 Class A IEQAX NPORT-P 1 primary_doc.xml NPORT-P false 0001025770 XXXXXXXX S000005060 C000033811 C000013842 C000013843 ICON FUNDS 811-07883 0001025770 254900YJ408UDZ1U3Z83 5299 DTC BOULEVARD SUITE 1200 GREENWOOD VILLAGE 80111 303-790-1600 ICON Equity Income Fund S000005060 25490038Q7TA41110930 2020-09-30 2020-06-30 N 56841446.52 461158.26 56380288.26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N ALTRIA GROUP INC XSGZFLO9YTNO9VCQV219 Altria Group, Inc. COM 02209S103 25700 NS USD 1008725 1.7891448078 Long EC CORP US N 1 N N N ANNALY CAPITAL MGMT 2DTL0G3FPRYUT58TI025 Annaly Capital Management, Inc. 6.95% SERIES F FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK 035710870 4000 NS USD 83520 0.1481368801 Long EP CORP US N 1 N N N ARGO 6 1/2 N/A Argo Group US, Inc. 6.5% SENIOR UNSECURED FIXED RATE NOTES DUE 2042 040130205 17717 NS USD 451960.67 0.8016288741 Long EP CORP US N 1 N N N AVANGRID INC 549300OX0Q38NLSKPB49 Avangrid Inc COM 05351W103 24400 NS USD 1024312 1.8167909949 Long EC CORP US N 1 N N N AVERY DENNISON 549300PW7VPFCYKLIV37 Avery Dennison Corporation COM 053611109 13000 NS USD 1483170 2.6306534531 Long EC CORP US N 1 N N N AVISTA CORP Q0IK63NITJD6RJ47SW96 Avista Corporation COM 05379B107 33300 NS USD 1211787 2.1493096921 Long EC CORP US N 1 N N N AVTCAP 6 1/2 05/15/21 54930056OEYSV06OMD90 AVTCAP 6.5 05/15/21 144A 05351CAA5 150000 PA USD 111000 0.1968773191 Long DBT CORP LU Y 2 2021-05-15 Fixed 6.5 N N N N N N BANK OF AMERICA 9DJT3UXIJIZJI4WXO774 Bank of America Corporation COM 060505104 65500 NS USD 1555625 2.7591646797 Long EC CORP US N 1 N N N BEST BUY CO INC HL5XPTVRV0O8TUN5LL90 BEST BUY INC COM 086516101 13500 NS USD 1178145 2.0896399014 Long EC CORP US N 1 N N N BLRK-NY MU O-A N/A BLRK-NY MU O-A 09253A821 6804.948 NS USD 73765.64 0.1308358688 Long EC CORP US N 1 N N N BRANDYWINEGLOBAL 549300P4CDQCJBGI0833 Brandywinegbl Gbl Incm Opp Fd Inc COM 10537L104 7100 NS USD 81934 0.1453238402 Long EC CORP US N 1 N N N BRISTOL-MYER SQB HLYYNH7UQUORYSJQCN42 Bristol-Myers Squibb Company COM 110122108 30100 NS USD 1769880 3.1391822472 Long EC CORP US N 1 N N N CENT 6 1/8 11/15/23 5493004DVZLD37DJ0H83 CENT 6.125 11/15/23 153527AL0 600000 PA USD 612000 1.0854857591 Long DBT CORP US N 2 2023-11-15 Fixed 6.125 N N N N N N CENTERPOINT ENER 21TPXMRRHFKOBHDC8J74 Centerpoint Energy Inc COM 15189T107 27700 NS USD 517159 0.9172691662 Long EC CORP US N 1 N N N CONAGRA BRANDS I 54930035UDEIH090K650 Conagra Brands Inc COM 205887102 38000 NS USD 1336460 2.3704383948 Long EC CORP US N 1 N N N CSCHLD 10 7/8 10/15/25 3HG2WD2W22M120IUNG49 CSCHLD 10.875 10/15/25 144A 64072TAA3 350000 PA USD 376250 0.6673431648 Long DBT CORP US Y 2 2025-10-15 Fixed 10.875 N N N N N N CUMMINS INC ZUNI8PYC725B6H8JU438 Cummins Inc. COM 231021106 9700 NS USD 1680622 2.9808680513 Long EC CORP US N 1 N N N DUFF &PH UTIL&CP 549300QV29DQ04EL0A12 Duff & Phelps Utility and Corporate Bond Trust Inc. COM 26432K108 13619 NS USD 127337.65 0.2258549112 Long EC CORP US N 1 N N N EASTMAN CHEMICAL FDPVHDGJ1IQZFK9KH630 Eastman Chemical Company COM 277432100 14100 NS USD 981924 1.7416086904 Long EC CORP US N 1 N N N EATON VANCE FLOA 549300FS3DS8EW3OQA12 Eaton Vance Floating Rate Income Plus Fund COM SHS BEN INT 278284104 10000 NS USD 138300 0.2452984975 Long EC CORP US N 1 N N N EVERGY INC 549300PGTHDQY6PSUI61 Evergy Inc COM 30034W106 14500 NS USD 859705 1.5248325728 Long EC CORP US N 1 N N N FARMCB 10 PERP V1EBJIOLRNYDHDF63Z33 Farm Credit Bank of Texas PRP NCM S1 B 10% 30767E307 100 NS USD 100000 0.1773669541 Long EP CORP US N 1 N N N FIFTH THIRD BANC THRNG6BD57P9QWTQLG42 Fifth Third Bancorp COM 316773100 57300 NS USD 1104744 1.9594507834 Long EC CORP US N 1 N N N FIRST TR ABRD GL 2HCZRZBY990FDYBUS727 First Trust/Aberde COM SHS 337319107 24657 NS USD 244597.44 0.4338350291 Long EC CORP US N 1 N N N FL 8 1/2 01/15/22 549300X383CBNP6MTV94 FL 8.5 01/15/22 980883AC6 500000 PA USD 520000 0.9223081613 Long DBT CORP US N 2 2022-01-15 Fixed 8.5 N N N N N N HUBBELL INC 54930088VDQ6840Y6597 Hubbell Incorporated COM 443510607 13600 NS USD 1704896 3.0239221058 Long EC CORP US N 1 N N N IBM VGRQXHF3J8VDLUA7XE92 International Business Machines Corporation COM 459200101 5900 NS USD 712543 1.2638158158 Long EC CORP US N 1 N N N INFOSYS LTD-SP ADR 335800TYLGG93MM7PR89 Infosys Ltd SPON ADR EACH REP 1 ORD SHS 456788108 81200 NS USD 784392 1.3912521986 Long EC CORP IN N 1 N N N INTL PAPER CO 824LMFJDH41EY779Q875 International Paper Company COM 460146103 37200 NS USD 1309812 2.3231736488 Long EC CORP US N 1 N N N JOHNSON&JOHNSON 549300G0CFPGEF6X2043 Johnson & Johnson COM 478160104 9800 NS USD 1378174 2.444425246 Long EC CORP US N 1 N N N JPM 6.1 PERP N/A JPM 6.1 PERP 48127X542 5000 NS USD 127050 0.2253447152 Long EP CORP US N 1 N N N JPMORGAN CHASE 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. COM 46625H100 18000 NS USD 1693080 3.0029644265 Long EC CORP US N 1 N N N KEYCORP RKPI3RZGV1V1FJTH5T61 KEYCORP COM 493267108 61900 NS USD 753942 1.3372439611 Long EC CORP US N 1 N N N LEGGETT & PLATT DKOVQUCDW4ZLYCUD4T55 Leggett & Platt Inc. COM 524660107 45400 NS USD 1595810 2.8304395902 Long EC CORP US N 1 N N N LOCKHEED MARTIN DPRBOZP0K5RM2YE8UU08 Lockheed Martin Corporation COM 539830109 4800 NS USD 1751616 3.1067879467 Long EC CORP US N 1 N N N MERCK & CO 4YV9Y5M8S0BRK1RP0397 Merck & Co., Inc COM 58933Y105 19100 NS USD 1477003 2.6197152331 Long EC CORP US N 1 N N N METLIFE INC C4BXATY60WC6XEOZDX54 MetLife Inc. COM 59156R108 37400 NS USD 1365848 2.4225629952 Long EC CORP US N 1 N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 Morgan Stanley COM NEW 617446448 36400 NS USD 1758120 3.1183238934 Long EC CORP US N 1 N N N MPLX 6 3/8 05/01/24 5493000CZJ19CK4P3G36 MPLX 6.375 05/01/24 55336VBL3 250000 PA USD 258130.68 0.4578385247 Long DBT CORP US N 2 2024-05-01 Fixed 6.375 N N N N N N NAVIENT CORP 54930067J0ZNOEBRW338 Navient Corporation COM 63938C108 188400 NS USD 1324452 2.3491401709 Long EC CORP US N 1 N N N NLY 6 3/4 PERP PFD 2DTL0G3FPRYUT58TI025 Annaly Capital Management, Inc. 6.750% SERIES I FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK 035710847 2395 NS USD 50630.3 0.089801421 Long EP CORP US N 1 N N N NUV NY VAL FD 2 549300TFLBQ7LJSP8B20 Nuveen New York Municipal Value Fund 2 COM 670706100 863 NS USD 11762.69 0.020863125 Long EC CORP US N 1 N N N OTTER TAIL CORP 549300HHVBQRQUVKKD91 Otter Tail Corporation COM 689648103 43100 NS USD 1671849 2.9653076485 Long EC CORP US N 1 N N N PACKAGING CORP 549300XZP8MFZFY8TJ84 Packaging Corporation of America COM 695156109 10200 NS USD 1017960 1.805524646 Long EC CORP US N 1 N N N PHILIP MORRIS IN HL3H1H2BGXWVG3BSWR90 Philip Morris International Inc. COM 718172109 15000 NS USD 1050900 1.8639493206 Long EC CORP US N 1 N N N PIONEER DIVERSIFIED HIGH GRH7C46DLKO4V5KVBT29 Pioneer Diversifie COM 723653101 16741 NS USD 201159.86 0.3567911166 Long EC CORP US N 1 N N N PRUDENTL FINL 5PRBRS5FEH7NREC8OR45 Prudential Financial, Inc. COM 744320102 17300 NS USD 1053570 1.8686850183 Long EC CORP US N 1 N N N QUALCOMM INC H1J8DDZKZP6H7RWC0H53 QUALCOMM Incorporated COM 747525103 22700 NS USD 2070467 3.6723242536 Long EC CORP US N 1 N N N RENT-A-CENTER 529900QUHE15UQNCCJ63 Rent-A-Center, Inc. COM 76009N100 50200 NS USD 1396564 2.4770430289 Long EC CORP US N 1 N N N RLNCE 6 1/2 04/01/23 549300F3NZL11SQLVG51 RLNCE 6.5 04/01/23 144A 75947TAB0 165000 PA USD 165825 0.2941187516 Long DBT CORP CA Y 2 2023-04-01 Fixed 6.5 N N N N N N RRD 8 1/4 07/01/27 SU4X0P4WWRGOQDTSV032 RRD 8.25 07/01/27 257867BE0 162000 PA USD 160380 0.284461121 Long DBT CORP US N 2 2027-07-01 Fixed 8.25 N N N N N N SSB SWEEP N/A SSB SWEEP N/A 103738.68 NS USD 103738.68 0.1839981369 Long STIV CORP US N 1 N N N TDG 6 1/2 07/15/24 88Q84GB3X55CF5OC7582 TDG 6.5 07/15/24 893647AX5 100000 PA USD 95479 0.1693481941 Long DBT CORP US N 2 2024-07-15 Fixed 6.5 N N N N N N TYSON FOODS-A WD6L6041MNRW1JE49D58 Tyson Foods, Inc. CL A 902494103 24900 NS USD 1486779 2.6370546265 Long EC CORP US N 1 N N N UAN 9 1/4 06/15/23 529900LE0OS06MYQRP11 UAN 9.25 06/15/23 144A 12663QAA3 200000 PA USD 196000 0.34763923 Long DBT CORP US Y 2 2023-06-15 Fixed 9.25 N N N N N N UNION PAC CORP 549300LMMRSZZCZ8CL11 Union Pacific Corporation COM 907818108 8100 NS USD 1369467 2.4289819053 Long EC CORP US N 1 N N N UNITEDHEALTH GRP 549300GHBMY8T5GXDE41 United Health Group Incorporated COM 91324P102 5600 NS USD 1651720 2.9296054543 Long EC CORP US N 1 N N N US BANCORP N1GZ7BBF3NP8GI976H15 U.S. Bancorp COM NEW 902973304 26300 NS USD 968366 1.7175612787 Long EC CORP US N 1 N N N USG 5 1/2 03/01/25 FP4Y9QGZ4D2KY6M7GL79 USG 5.5 03/01/25 144A 903293BD9 100000 PA USD 100500 0.1782537889 Long DBT CORP US Y 2 2025-03-01 Fixed 5.5 N N N N N N VF CORP CWAJJ9DJ5Z7P057HV541 V.F. Corporation COM 918204108 30000 NS USD 1828200 3.2426226549 Long EC CORP US N 1 N N N VST 8 1/8 01/30/26 N/A VST 8 1/8 01/30/26 26817RBA5 100000 PA USD 104250 0.1849050497 Long DBT CORP US N 2 2026-01-30 Fixed 8.125 N N N N N N WEBSTER FINL KMRURHT0VWKYS6Z5KU67 Webster Financial Corporation COM 947890109 24900 NS USD 712389 1.2635426706 Long EC CORP US N 1 N N N WESTERN ASSET GLOBAL HIGH 549300JWVV1XIQ66WD13 Western Asset Glb COM 95766B109 16000 NS USD 148000 0.2625030921 Long EC CORP US N 1 N N N WFC 6 PERP PBLD0EJDB5FWOLXP3B76 Wells Fargo & Company DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF NON-CUMULATIVE PERPETUAL CLASS A PREFERRED STOCK, SERIES 94988U730 9100 NS USD 231777 0.4110958052 Long EP CORP US N 1 N N N WFC 7 1/2 PERP PBLD0EJDB5FWOLXP3B76 Wells Fargo & Company 7.5% NON-CUMULATIVE PERPETUAL CONVERTIBLE CLASS A PREFERRED STOCK, SERIES L 949746804 100 NS USD 129700 0.2300449395 Long EP CORP US N 1 N N N WHIRLPOOL CORP WHENKOULSSK7WUM60H03 Whirlpool Corporation COM 963320106 12900 NS USD 1670937 2.9636900618 Long EC CORP US N 1 N N N 2020-08-27 ICON FUNDS /s/ Jack Quillin Jack Quillin CCO XXXX NPORT-EX 2 fp0055836_nportex.htm

ICON Equity Income Fund

Portfolio of Investments (Unaudited)

6/30/2020

 

Security Description  Shares   Value 
Common Stock (90.94%)          
           
Basic Materials (4.06%)          
Eastman Chemical Co   14,100    981,924 
International Paper Co   37,200    1,309,812 
Total Basic Materials        2,291,736 
           
Consumer, Cyclical (14.11%)          
Best Buy Co Inc   13,500    1,178,145 
Cummins Inc   9,700    1,680,622 
Leggett & Platt Inc   45,400    1,595,810 
VF Corp   30,000    1,828,200 
Whirlpool Corp   12,900    1,670,937 
Total Consumer, Cyclical        7,953,714 
           
Consumer, Non-Cyclical (24.90%)          
Altria Group Inc   25,700    1,008,725 
Avery Dennison Corp   13,000    1,483,170 
Bristol-Myers Squibb Co   30,100    1,769,880 
Conagra Brands Inc   38,000    1,336,460 
Johnson & Johnson   9,800    1,378,174 
Merck & Co Inc   19,100    1,477,003 
Philip Morris International Inc   15,000    1,050,900 
Rent-A-Center Inc   50,200    1,396,564 
Tyson Foods Inc   24,900    1,486,779 
UnitedHealth Group Inc   5,600    1,651,720 
Total Consumer, Non-Cyclical        14,039,375 
           
Financial (21.80%)          
Bank of America Corp   65,500    1,555,625 
Fifth Third Bancorp   57,300    1,104,744 
JPMorgan Chase & Co   18,000    1,693,080 
KeyCorp   61,900    753,942 
MetLife Inc   37,400    1,365,848 
Morgan Stanley   36,400    1,758,120 
Navient Corp   188,400    1,324,452 
Prudential Financial Inc   17,300    1,053,570 
US Bancorp   26,300    968,366 
Webster Financial Corp   24,900    712,389 
Total Financial        12,290,136 
           
Industrial (10.37%)          
Hubbell Inc   13,600    1,704,896 
Lockheed Martin Corp   4,800    1,751,616 
Packaging Corp of America   10,200    1,017,960 
Union Pacific Corp   8,100    1,369,467 
Total Industrial        5,843,939 
           
Technology (6.33%)          
Infosys Ltd   81,200    784,392 
International Business Machines Corp   5,900    712,543 
QUALCOMM Inc   22,700    2,070,467 
Total Technology        3,567,402 
           
Utilities (9.37%)          
Avangrid Inc   24,400    1,024,312 
Avista Corp   33,300    1,211,787 
CenterPoint Energy Inc   27,700    517,159 
Evergy Inc   14,500    859,705 
Otter Tail Corp   43,100    1,671,849 
Total Utilities        5,284,812 
           
Total Common Stock (Cost $56,003,074)        51,271,114 
           
Preferred Stock (2.08%)          
           
Financial (1.90%)          
Annaly Capital Management Inc, 6.750%   2,395    50,630 
Annaly Capital Management Inc, 6.950%   4,000    83,520 
Argo Group US Inc, 6.500%   17,717    451,961 
JPMorgan Chase & Co, 6.100%   5,000    127,050 
Wells Fargo & Co, 7.500%   100    129,700 
Wells Fargo & Co, 6.000%   9,100    231,777 
Total Financial        1,074,638 
           
Government (0.18%)          
Farm Credit Bank of Texas, 10.000%(a)   100    100,000 
           
Total Preferred Stock (Cost $1,192,153)        1,174,638 
           
Corporate Debt (4.79%)    Par Value      Value  
           
Basic Materials (0.35%)          
CVR Partners LP / CVR Nitrogen Finance Corp, 9.250%, 6/15/2023 (144A)   200,000    196,000 
           
Communications (0.67%)          
CSC Holdings LLC, 10.875%, 10/15/2025 (144A)   350,000    376,250 
           
Consumer, Cyclical (1.22%)          
Foot Locker Inc, 8.500%, 1/15/2022   500,000    520,000 
Reliance Intermediate Holdings LP, 6.500%, 4/1/2023 (144A)   165,000    165,825 
Total Consumer, Cyclical        685,825 
           
Consumer, Non-Cyclical (1.37%)          
Central Garden & Pet Co, 6.125%, 11/15/2023   600,000    612,000 
RR Donnelley & Sons Co, 8.250%, 7/1/2027   162,000    160,380 
Total Consumer, Non-Cyclical        772,380 
           
Energy (0.46%)          
MPLX LP, 6.375%, 5/1/2024   250,000    258,131 
           
Financial (0.19%)          
Avation Capital SA, 6.500%, 5/15/2021 (144A)   150,000    111,000 
           
Industrial (0.35%)          
TransDigm Inc, 6.500%, 7/15/2024   100,000    95,479 
USG Corp, 5.500%, 3/1/2025 (144A)   100,000    100,500 
Total Industrial        195,979 
           
Utilities (0.18%)          
Vistra Corp, 8.125%, 1/30/2026 (144A)   100,000    104,250 
           
Total Corporate Debt (Cost $2,772,183)        2,699,815 
           
Mutual Funds (1.82%)    Par Value      Value  
           
Financial (1.82%)          
BlackRock New York Municipal Opportunities Fund   6,805    73,766 
BrandywineGLOBAL Global Income Opportunities Fund Inc   7,100    81,934 
Duff & Phelps Utility and Corporate Bond Trust Inc   13,619    127,338 
Eaton Vance Floating-Rate Income Plus Fund   10,000    138,300 
First Trust Aberdeen Global Opportunity Income Fund   24,657    244,597 
Nuveen New York Municipal Value Fund 2   863    11,763 
Pioneer Diversified High Income Trust   16,741    201,160 
Western Asset Global High Income Fund Inc   16,000    148,000 
Total Financial        1,026,858 
           
Total Mutual Funds (Cost $1,080,338)        1,026,858 
           
Collateral for Securities on Loan (0.18%)          
State Street Navigator Securities Lending Government Money Market Portfolio, 7-Day Yield 0.32% (Cost $103,738)   103,738    103,738 
           
Total Investments (Cost $61,151,486) (99.82%)        56,276,163 
Other Net Assets (0.18%)        104,125 
Net Assets (100.00%)        56,380,288 

 

* Non-income producing security.
   
(a) These securities are considered, by management, to be illiquid. The aggregate value of these securities at June 30, 2020 was $100,000, which represent 0.18% of the Fund's net assets.
   
(144A) Security was purchased pursuant to Rule 144A or Section 4(a)(2) under the Securities Act of 1933 and may be resold in transactions exempt from registration only to qualified institutional buyers. As of June 30, 2020, these securities had a total aggregate market value of $1,053,825, which represented approximately 1.87% of net assets.