Icon Funds NPORT-P ICON Industrials Fund (Jun 2020 report)

ICON Industrials Fund

Portfolio of Investments (Unaudited)

6/30/2020

	Shares		Value
Common Stock (100.07%)
Consumer, Cyclical (9.71%)
Allison Transmission Holdings Inc		5,000		183,900
Cummins Inc		2,750		476,465
KAR Auction Services Inc		20,000		275,200
Total Consumer, Cyclical				935,565
Consumer, Non-Cyclical (4.95%)
Herc Holdings Inc*		3,900		119,847
United Rentals Inc*		2,400		357,696
Total Consumer, Non-Cyclical				477,543
Financial (3.92%)
Air Lease Corp		12,906		378,017
Industrials (81.49%)
A O Smith Corp		9,700		457,064
Altra Industrial Motion Corp		4,100		130,626
Armstrong World Industries Inc		4,000		311,840
Canadian Pacific Railway Ltd		1,700		434,078
CSX Corp		5,650		394,031
Curtiss-Wright Corp		2,900		258,912
EMCOR Group Inc		5,600		370,384
Fortune Brands Home & Security Inc		5,500		351,615
Hubbell Inc		1,900		238,184
Jacobs Engineering Group Inc		3,400		288,320
Kansas City Southern		3,000		447,870
Lockheed Martin Corp		1,550		565,626
Masco Corp		12,700		637,666
MasTec Inc*		7,000		314,090
Northrop Grumman Corp		1,700		522,648
PGT Innovations Inc*		31,300		490,784
Raytheon Technologies Corp		7,588		467,573
Spirit AeroSystems Holdings Inc		6,000		143,640
Textron Inc		6,400		210,624
Trane Technologies PLC		1,450		129,021
Union Pacific Corp		2,900		490,303
United Parcel Service Inc		1,800		200,124
Total Industrial				7,855,023
Total Common Stock (Cost $9,629,904)				9,646,148
Collateral for Securities on Loan (0.02%)
State Street Navigator Securities Lending Government Money Market Portfolio, 7-Day Yield 0.32% (Cost $2,187)		2,187		2,187
Total Investments (Cost $9,632,091) (100.09%)				9,648,335
Liabilities in Excess of Other Assets (-0.09%)				(8,978	)
Net Assets (100.00%)				9,639,357