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.