ICON Consumer Discretionary Fund
Portfolio of Investments (Unaudited)
6/30/2020
| Security Description | Shares | Value | ||||||
| Common Stock (100.13%) | ||||||||
| Communications (28.41%) | ||||||||
| Alphabet Inc* | 600 | 848,166 | ||||||
| Amazon.com Inc* | 1,194 | 3,294,031 | ||||||
| Comcast Corp | 11,900 | 463,862 | ||||||
| eBay Inc | 11,600 | 608,420 | ||||||
| Total Communications | 5,214,479 | |||||||
| Consumer, Cyclical (64.60%) | ||||||||
| Cavco Industries Inc* | 2,300 | 443,555 | ||||||
| Dollar General Corp | 5,700 | 1,085,907 | ||||||
| Dorman Products Inc* | 6,500 | 435,955 | ||||||
| Gentherm Inc* | 8,600 | 334,540 | ||||||
| LGI Homes Inc* | 11,500 | 1,012,345 | ||||||
| LKQ Corp* | 15,200 | 398,240 | ||||||
| Lowe's Cos Inc | 9,100 | 1,229,592 | ||||||
| Lululemon Athletica Inc* | 4,900 | 1,528,849 | ||||||
| M/I Homes Inc* | 13,200 | 454,608 | ||||||
| Marriott Vacations Worldwide Corp | 6,800 | 559,028 | ||||||
| Mohawk Industries Inc* | 6,200 | 630,912 | ||||||
| NIKE Inc | 12,600 | 1,235,430 | ||||||
| O'Reilly Automotive Inc* | 1,700 | 716,839 | ||||||
| The TJX Cos Inc | 11,902 | 601,765 | ||||||
| Ulta Beauty Inc* | 3,600 | 732,312 | ||||||
| VF Corp | 7,500 | 457,050 | ||||||
| Total Consumer, Cyclical | 11,856,927 | |||||||
| Consumer, Non-Cyclical (2.77%) | ||||||||
| Global Payments Inc | 3,000 | 508,860 | ||||||
| Financial (4.35%) | ||||||||
| Mastercard Inc | 2,700 | 798,390 | ||||||
| Total Common Stock (Cost $15,281,972) | 18,378,656 | |||||||
| Total Investments (Cost $15,281,972) (100.13%) | 18,378,656 | |||||||
| Liabilities in Excess of Other Assets (-0.13%) | (23,245 | ) | ||||||
| Net Assets (100.00%) | 18,355,411 | |||||||
| * | Non-income producing security. |
