Charles Schwab & Co has added the ICON Utilities Fund (ICTUX) and the ICON Energy Fund (ICENX) to the OneSource Select List. The two funds join the ICON Natural Resources Fund (ICBMX) on the OneSource Select List for Q2 2016.
The ICON Natural Resources Fund is currently on the Mutual Fund Select List Advisor Edition.
To qualify, Charles Schwab Investment Advisory (CSIA) rigorously analyses funds across a series of quantitative and qualitative metrics that consider performance, risk and expenses. Funds considered must be actively managed, no load, no transaction fee mutual funds with a track record of three plus years.
The OneSource Select List is widely used by portfolio consultants and has become an important tool for helping investors sort through the thousands of available mutual funds for those that have distinguished themselves. The Select List Advisor Edition is a list of funds available to independent registered investment advisors.
"We are honoured to be named to the Charles Schwab Select Lists," says Brian Callahan, Chief Sales & Marketing Officer. "By being included, Schwab has underscored our belief that an active, value-based approach to investing can add value to an investors' portfolio."
"At ICON we firmly believe in our valuation methodology. Our methodology allows us to actively rotate between industries within our sector funds," says Derek Rollingson, Senior Vice President and Portfolio Manager for the ICON Energy Fund and ICON Utility Fund. "By actively rotating between industries where we see value, we believe that we can add value when compared to more passive index strategies."
