Investment objective & strategy
As of May 5, 2025 · prospectusObjective. Seeks long-term capital appreciation.
Strategy. The Fund uses a quantitative methodology to identify securities ICON Advisers, Inc. (ICON) the Funds investment sub-advisor believes are underpriced relative to value. It normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies in the Information Technology and Health Care sectors (as determined by the Global Industry Classification Standard). There is no minimum or maximum with respect to the amount the Fund may invest in any particular sector. The Information Technology Sector includes, but is not limited to: Application Software, Communications Equipment, Data Processing & Outsourced Services, Electronic Components, Electronic Equipment & Instruments, Electronic Manufacturing Services, Internet Services & Infrastructure, IT Consulting & Other Services, Semiconductor Equipment, Semiconductors, Systems … The Fund uses a quantitative methodology to identify securities ICON Advisers, Inc. (ICON) the Funds investment sub-advisor believes are underpriced relative to value. It normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies in the Information Technology and Health Care sectors (as determined by the Global Industry Classification Standard). There is no minimum or maximum with respect to the amount the Fund may invest in any particular sector. The Information Technology Sector includes, but is not limited to: Application Software, Communications Equipment, Data Processing & Outsourced Services, Electronic Components, Electronic Equipment & Instruments, Electronic Manufacturing Services, Internet Services & Infrastructure, IT Consulting & Other Services, Semiconductor Equipment, Semiconductors, Systems Software, Technology Distributors and Technology Hardware, Storage & Peripherals. The Health Care Sector includes, but is not limited to: Biotechnology, Health Care Distributors, Health Care Equipment, Health Care Facilities, Health Care Services, Health Care Supplies, Health Care Technology, Life Sciences Tools & Services, Managed Health Care, and Pharmaceuticals. This strategy may not be changed unless the Fund shareholders are given at least 60 days prior notice. Equity securities in which the Fund may invest include common stocks and preferred stocks of companies of any market capitalization. ICONs quantitative methodology calculates intrinsic value using average earnings per share, future earnings growth estimates, beta, and bond yield. This calculated intrinsic value for each individual stock is aggregated by industry and sector which enables ICON to identify value opportunities within industries and sectors. ICON then employs a tactical, rotation-based process that tilts the Fund toward industries and sectors ICON believes will outperform.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $5.64M | 7.56% |
| CISCO SYSTEMS INC | — | $5.07M | 6.80% |
| MKS INSTRUMENTS INC | — | $4.14M | 5.54% |
| ARISTA NETWORKS INC | — | $3.99M | 5.34% |
| HCA HEALTHCARE INC | — | $3.95M | 5.29% |
| KULICKE and SOFFA INDUSTRIES INC | — | $3.81M | 5.11% |
| ARROW ELECTRONICS INC | — | $3.67M | 4.92% |
| ALPHABET INC CL C | — | $3.59M | 4.80% |
| AVNET INC | — | $3.51M | 4.70% |
| ENCOMPASS HEALTH CORP | — | $3.47M | 4.64% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| FT Vest Dow Jones Internet & Target Income ETF · FDND | 24% | — |
| First Trust Dow Jones Internet Index Fund · FDN | 23% | 0.49% |
| Saratoga Technology & Communication Portfolio · STPIX, STPCX, STPAX | 23% | 2.42% |
Advisers
| Firm | Role |
|---|---|
| CCM Partners, LP. dba Shelton Capital Management | Adviser |
| ICON ADVISERS | Sub-adviser |
Footnotes
- Expense ratio as of May 5, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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