2022 Per Share Distribution Information
The table below provides 2022 income and capital gains distributions for the ICON Funds. Distributions were paid on November 30, 2022, to all shareholders of record on November 29, 2022.
Dividends and capital gain distributions paid to each shareholder will be shown on IRS Form 1099-DIV, which will be sent to each shareholder in January 2023. These figures should be reported on each individual’s tax return. Please consult a financial adviser, an accountant, or a tax attorney for tax advice.
| ICON Fund | Total Ordinary Income^ | Total Short Term Capital Gain | Total Long Term Capital Gain | Total Distribution Per Share |
|---|---|---|---|---|
| Fixed Income Funds | ||||
| Flexible Bond Fund - Institutional Class (IOBZX)† | $0.0309 | -- | -- | $0.0309 |
| Flexible Bond Fund - Investor Class (IOBAX)† | $0.0297 | -- | -- | $0.0297 |
| U.S. Diversified Equity Funds | ||||
| Equity Fund - Institutional Class (IOLZX) | -- | -- | $4.7536 | $4.7536 |
| Equity Fund - Investor Class (ISTAX) | -- | -- | $4.7536 | $4.7536 |
| Equity Income Fund - Institutional Class (IOEZX) | -- | -- | $1.5779 | $1.5779 |
| Equity Income Fund - Investor Class (IEQAX) | -- | -- | $1.5779 | $1.5779 |
| Sector Funds | ||||
| Consumer Select Fund - Institutional Class (ICFSX) | -- | $0.0182 | $1.6109 | $1.6291 |
| Consumer Select Fund - Investor Class (ICFAX) | -- | $0.0182 | $1.6109 | $1.6291 |
| Health & Information Technology Fund - Institutional Class (ICTEX) | -- | $0.5380 | $2.2237 | $2.7617 |
| Health & Information Technology Fund - Investor Class (ICTTX) | -- | $0.5380 | $2.2237 | $2.7617 |
| Natural Resources & Infrastructure Fund - Institutional Class (ICBMX) | -- | $0.8304 | $0.7618 | $1.5922 |
| Natural Resources & Infrastructure Fund - Investor Class (ICBAX) | -- | $0.8304 | $0.7618 | $1.5922 |
| Utilities & Income Fund - Institutional Class (ICTUX) | -- | -- | $0.6913 | $0.6913 |
| Utilities & Income Fund - Investor Class (ICTVX) | -- | -- | $0.6913 | $0.6913 |
^Ordinary income may include net investment income, currency gains and losses, and certain tax adjustments. Details of the sources of ordinary income will be provided on shareholders’ year-end statements.
†The ICON Flexible Bond Fund is a daily dividend fund that pays its income distributions monthly. The Fund will distribute its income, if any, in its normal course of business on the last business day fo the month.
This information does not constitute tax advice. For tax-related questions, please consult your accountant or tax professional.
There are risks involved with mutual fund investing, including the risk of loss of principal. There is no assurance that the investment process will consistently lead to successful results.
Investments in international securities may entail unique risks, including political, market, regulatory and currency risks. Financial statements of foreign companies are governed by different accounting, auditing, and financial standards than U.S. companies and may be less transparent and uniform than in the United States. Many corporate governance standards, which help ensure the integrity of public information in the United States, do not exist in foreign countries. In general, there is less governmental supervision of foreign stock exchanges and securities brokers and issuers. An investment in a region fund may involve greater risk and volatility than a more diversified fund.
Investing in fixed income securities such as bonds involves interest rate risk. When interest rates rise, the value of fixed income securities generally decreases. The Bond Fund may invest up to 35% of its assets in high-yield bonds that are below investment grade. High-yield bonds involve a greater risk of default and price volatility than U.S. Government and other higher-quality bonds.
Call options involve certain risks, such as limited gains and lack of liquidity of the underlying securities, and are not suitable for all investors. There are risks associated with selling short, including the risk that the Long/Short Fund may have to cover its short position at a higher price than the short price, resulting in a loss. The Fund’s loss on a short sale is potentially unlimited as a loss occurs when the value of a security sold short increases.
An investment concentrated in sectors and industries may involve greater risk and volatility than a more diversified investment, and the Technology sector has been among the most volatile sectors in the market. There are risks associated with Small- and Mid-Cap investing such as less liquidity, limited product lines, and small market share.
ICON Advisers, Inc.
8480 E Orchard Road, Suite 1200
Greenwood Village, CO 80111