![]() ![]() ICON s quantitative methodology calculates intrinsic value using average earnings per share, future earnings growth estimates, beta, and bond yield. There is no minimum or maximum with respect to the amount the Fund may invest in any particular industry. Equity securities in which the Fund may invest include common stocks and preferred stocks of companies of any market capitalization. This strategy may not be changed unless the Fund shareholders are given at least 60 days prior notice. It normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies in the Utilities sectors (as determined by the Global Industry Classification Standard) including, but not limited to: Electric Utilities, Gas Utilities, Independent Power Producers & Energy Traders, Multi-utilities, Renewable Electricity and Water Utilities. ( ICON ) the Fund s investment sub-advisor believes are underpriced relative to value. The Fund uses a quantitative methodology to identify securities ICON Advisers, Inc.
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