ICON FLEXIBLE BOND FUND

Fund Profile

Fund profile

Tickers

IOBAX, IOBZX

Fund manager

SCM Trust

Total assets

$338.37 mm

Liabilities

$1.85 mm

Net assets

$336.52 mm

Number of holdings

117.00

117 Holdings

As of Sep 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
EQC Equity Commonwealth	18.05 mm	714.68 k shares	5.36	Preferred equity	Long	USA
MUI BlackRock Municipal Income Fund, Inc.	13.32 mm	1.06 mm shares	3.96	Common equity	Long	USA
Argo Group US, Inc. 6.500% SENIOR NOTES DUE 2042	10.84 mm	477.92 k shares	3.22	Preferred equity	Long	USA
AAL 4 07/15/25	8.44 mm	8.57 mm principal	2.51	ABS-other	Long	USA
AAL 3.85 02/15/28 B	7.54 mm	7.97 mm principal	2.24	ABS-other	Long	USA
FARMCB V7.75 PERP	7.40 mm	7.17 mm principal	2.20	Debt	Long	USA
UAL 3.45 07/07/28 A	7.04 mm	7.57 mm principal	2.09	ABS-other	Long	USA
FITB Fifth Third Bancorp	6.70 mm	6.72 mm principal	1.99	Debt	Long	USA
USRE 2021-1 B1	6.07 mm	6.75 mm principal	1.80	ABS-other	Long	USA
UAL 3.7 03/01/30 A	5.96 mm	6.51 mm principal	1.77	ABS-other	Long	USA
PCF High Income Securities Fund	5.89 mm	862.91 k shares	1.75	Common equity	Long	USA
UMH UMH Properties, Inc.	5.28 mm	219.30 k shares	1.57	Preferred equity	Long	USA
VREX Varex Imaging Corporation	5.04 mm	4.95 mm principal	1.50	Debt	Long	USA
SCHW The Charles Schwab Corporation	4.79 mm	5.00 mm principal	1.42	Debt	Long	USA
AER V6.5 06/15/45	4.50 mm	4.51 mm principal	1.34	Debt	Long	USA
First American Funds Inc. GOVT OBLIGS X	4.48 mm	4.48 mm other units	1.33	Short-term investment vehicle	Long	USA
SCHW The Charles Schwab Corporation	4.41 mm	4.50 mm principal	1.31	Debt	Long	USA
ETR Entergy Corporation	4.15 mm	4.00 mm principal	1.23	Debt	Long	USA
CRBG Corebridge Financial, Inc.	4.14 mm	4.00 mm principal	1.23	Debt	Long	USA
CBB 6.3 12/01/28	4.09 mm	4.32 mm principal	1.22	Debt	Long	USA
TSO Andeavor LLC	4.03 mm	4.00 mm principal	1.20	Debt	Long	USA
FTAI 5.5 05/01/28 144A	3.99 mm	4.00 mm principal	1.19	Debt	Long	Cayman Islands
WFC Wells Fargo & Company	3.98 mm	4.10 mm principal	1.18	Debt	Long	USA
NLY Annaly Capital Management, Inc.	3.79 mm	189.00 k shares	1.13	Common equity	Long	USA
CVS CVS Health Corporation	3.77 mm	3.54 mm principal	1.12	Debt	Long	USA
C Citigroup Inc.	3.64 mm	3.50 mm principal	1.08	Debt	Long	USA
SCHW The Charles Schwab Corporation	3.49 mm	3.50 mm principal	1.04	Debt	Long	USA
AAL 4.95 02/15/25 B	3.33 mm	3.35 mm principal	0.99	ABS-other	Long	USA
AAL 3.95 07/11/30 B	3.29 mm	3.49 mm principal	0.98	ABS-other	Long	USA
DELL 7.1 04/15/28	3.26 mm	3.00 mm principal	0.97	Debt	Long	USA
ET 6 02/01/29 144A	3.07 mm	3.00 mm principal	0.91	Debt	Long	USA
IEP 9 06/15/30 144A	3.03 mm	3.00 mm principal	0.90	Debt	Long	USA
TALRES 7.65 06/15/27	3.02 mm	3.00 mm principal	0.90	Debt	Long	USA
CMU MFS High Yield Municipal Trust	3.01 mm	821.46 k shares	0.89	Common equity	Long	USA
NATMUT V0 12/15/24	3.01 mm	3.00 mm principal	0.89	Debt	Long	USA
ENB Enbridge Inc.	3.00 mm	3.00 mm principal	0.89	Debt	Long	Canada
JPM V4.6 PERP HH	2.97 mm	3.00 mm principal	0.88	Debt	Long	USA
D Dominion Energy, Inc.	2.92 mm	3.00 mm principal	0.87	Debt	Long	USA
C Citigroup Inc.	2.89 mm	3.00 mm principal	0.86	Debt	Long	USA
MET MetLife, Inc.	2.86 mm	2.00 mm principal	0.85	Debt	Long	USA
JBLU 8 11/15/27 2019	2.84 mm	2.77 mm principal	0.84	ABS-other	Long	USA
CIMXP Cimarex Energy Co	2.82 mm	3.00 mm principal	0.84	Debt	Long	USA
GSBD Goldman Sachs BDC, Inc.	2.75 mm	199.79 k shares	0.82	Common equity	Long	USA
DELL 6.1 07/15/27	2.74 mm	2.61 mm principal	0.81	Debt	Long	USA
SMB 2014-A C	2.70 mm	3.00 mm principal	0.80	ABS-other	Long	USA
AAL 3.5 02/15/32 A	2.64 mm	2.95 mm principal	0.78	ABS-other	Long	USA
CACC Credit Acceptance Corporation	2.60 mm	2.60 mm principal	0.77	Debt	Long	USA
SUMMPL 8.625 10/31/29 144A	2.59 mm	2.48 mm principal	0.77	Debt	Long	USA
FTAI 9.75 08/01/27 144A	2.56 mm	2.50 mm principal	0.76	Debt	Long	Cayman Islands
UAL 4.55 08/25/31 A	2.53 mm	2.73 mm principal	0.75	ABS-other	Long	USA
BNS V4.9 PERP	2.47 mm	2.50 mm principal	0.73	Debt	Long	Canada
TFC Truist Financial Corporation	2.40 mm	2.40 mm principal	0.71	Debt	Long	USA
PNC The PNC Financial Services Group, Inc.	2.37 mm	2.35 mm principal	0.70	Debt	Long	USA
SAMMON 4.75 04/08/32 144A	2.35 mm	2.50 mm principal	0.70	Debt	Long	USA
ESGR V5.5 01/15/42	2.33 mm	2.50 mm principal	0.69	Debt	Long	USA
GDO Western Asset Global Corporate Defined Opportunity Fund Inc.	2.26 mm	175.86 k shares	0.67	Common equity	Long	USA
UAL 3.65 01/07/26	2.17 mm	2.22 mm principal	0.64	ABS-other	Long	USA
JPM V4 PERP II	2.17 mm	2.19 mm principal	0.64	Debt	Long	USA
MCK 7.65 03/01/27	2.15 mm	2.00 mm principal	0.64	Debt	Long	USA
HASI 8 06/15/27 144A	2.12 mm	2.00 mm principal	0.63	Debt	Long	USA
AEP American Electric Power Company, Inc.	2.10 mm	2.00 mm principal	0.62	Debt	Long	USA
CIT Cit Group Inc	2.09 mm	2.00 mm principal	0.62	Debt	Long	USA
WFC V6.85 PERP	2.09 mm	2.00 mm principal	0.62	Debt	Long	USA
NSUS 6.375 10/01/30	2.08 mm	2.00 mm principal	0.62	Debt	Long	USA
DAC 8.5 03/01/28 144A	2.07 mm	2.01 mm principal	0.61	Debt	Long	Marshall Islands
FG F&G Annuities & Life, Inc.	2.06 mm	2.00 mm principal	0.61	Debt	Long	USA
D Dominion Energy, Inc.	2.00 mm	2.00 mm principal	0.59	Debt	Long	USA
C Citigroup Inc.	1.99 mm	2.00 mm principal	0.59	Debt	Long	USA
UIRCHD 4.25 06/30/25	1.98 mm	2.00 mm principal	0.59	Debt	Long	USA
TFC Truist Financial Corporation	1.96 mm	2.00 mm principal	0.58	Debt	Long	USA
CASCN 5.375 01/15/28 144A	1.96 mm	2.00 mm principal	0.58	Debt	Long	Canada
IAGLN 2.9 03/15/35 144A	1.95 mm	2.20 mm principal	0.58	ABS-other	Long	UK
CXH MFS Investment Grade Municipal Trust	1.94 mm	236.52 k shares	0.58	Common equity	Long	USA
NGL NGL Energy Partners LP	1.94 mm	82.29 k shares	0.58	Preferred equity	Long	USA
JBLU 7.75 11/15/28 1B	1.92 mm	1.88 mm principal	0.57	ABS-other	Long	USA
HBAN Huntington Bancshares Incorporated	1.91 mm	2.00 mm principal	0.57	Debt	Long	USA
EMBC Embecta Corp.	1.84 mm	2.00 mm principal	0.55	Debt	Long	USA
CHTR 4.75 03/01/30 144A	1.84 mm	2.00 mm principal	0.55	Debt	Long	USA
ACACN 3.7 01/15/26 144A	1.81 mm	1.87 mm principal	0.54	ABS-other	Long	Canada
RSF RiverNorth Capital and Income Fund, Inc.	1.80 mm	116.82 k shares	0.53	Common equity	Long	USA
CCS Century Communities, Inc.	1.77 mm	1.75 mm principal	0.53	Debt	Long	USA
EPD V0 08/16/77 D	1.71 mm	1.71 mm principal	0.51	Debt	Long	USA
UAL 6.5 06/20/27 144A	1.67 mm	1.65 mm principal	0.50	Debt	Long	USA
RCAP 10 08/15/30 144A	1.60 mm	1.50 mm principal	0.47	Debt	Long	USA
MERC Mercer International Inc.	1.57 mm	1.50 mm principal	0.47	Debt	Long	USA
ABEGET 9.75 03/01/27 144A	1.55 mm	1.55 mm principal	0.46	Debt	Long	USA
UBER Uber Technologies, Inc.	1.50 mm	1.50 mm principal	0.45	Debt	Long	USA
VST 5 07/31/27 144A	1.45 mm	1.46 mm principal	0.43	Debt	Long	USA
IAGLN 3.9 09/15/31 144A	1.43 mm	1.53 mm principal	0.43	ABS-other	Long	UK
IGI Western Asset Investment Grade Defined Opportunity Trust Inc.	1.39 mm	77.23 k shares	0.41	Common equity	Long	USA
VST 5.5 09/01/26 144A	1.35 mm	1.35 mm principal	0.40	Debt	Long	USA
VNT Vontier Corporation	1.31 mm	1.50 mm principal	0.39	Debt	Long	USA
NOG Northern Oil and Gas, Inc.	1.26 mm	1.25 mm principal	0.37	Debt	Long	USA
MTZ MasTec, Inc.	1.26 mm	1.25 mm principal	0.37	Debt	Long	USA
ACI 4.625 01/15/27 144A	1.22 mm	1.25 mm principal	0.36	Debt	Long	USA
CAG Conagra Brands, Inc.	1.21 mm	1.15 mm principal	0.36	Debt	Long	USA
AAL 3.65 06/15/28 A	1.20 mm	1.28 mm principal	0.36	ABS-other	Long	USA
HSBC HSBC Holdings plc	1.15 mm	1.00 mm principal	0.34	Debt	Long	UK
AAL 4 09/22/27 A	1.14 mm	1.19 mm principal	0.34	ABS-other	Long	USA
EQC Equity Commonwealth	1.09 mm	55.00 k shares	0.33	Common equity	Long	USA
ENB Enbridge Inc.	1.06 mm	1.00 mm principal	0.31	Debt	Long	Canada
DISH DISH Network CORP	1.05 mm	1.00 mm principal	0.31	Debt	Long	USA
EQM Midstream Partners, LP	1.03 mm	1.00 mm principal	0.31	Debt	Long	USA
AAL 7.25 02/15/28 144A	1.02 mm	1.00 mm principal	0.30	Debt	Long	USA
SIZPLT 8.5 11/28/25 144A	1.00 mm	1.00 mm principal	0.30	Debt	Long	USA
IHOVER 4.75 09/15/26 144A	979.06 k	1.00 mm principal	0.29	Debt	Long	Germany
HUNTCO 5.25 04/15/29 144A	967.41 k	1.00 mm principal	0.29	Debt	Long	USA
GT The Goodyear Tire & Rubber Company	938.48 k	936.00 k principal	0.28	Debt	Long	USA
ALL The Allstate Corporation	904.50 k	900.00 k principal	0.27	Debt	Long	USA
AAL 3.7 10/15/25 B	775.27 k	786.73 k principal	0.23	ABS-other	Long	USA
UAL 4.6 03/01/26 B	755.52 k	766.08 k principal	0.22	ABS-other	Long	USA
ACACN 4.125 12/15/27 144A	735.29 k	771.48 k principal	0.22	ABS-other	Long	Canada
CPNLQ Calpine Corp	700.38 k	703.00 k principal	0.21	Debt	Long	USA
HYB The New America High Income Fund Inc.	688.39 k	82.64 k shares	0.20	Common equity	Long	USA
FITB Fifth Third Bancorp	497.25 k	500.00 k principal	0.15	Debt	Long	USA
FG 5.5 05/01/25 144A	316.00 k	316.00 k principal	0.09	Debt	Long	USA
BAC Bank of America Corporation	254.60 k	200.00 shares	0.08	Preferred equity	Long	USA