ICON HealthcareICHCX

Morningstar Rating

Fund Research and Analysis

by Ryan Leggio

The case for ICON Healthcare has only gotten weaker.

This fund has struggled since Todd Burchett took it over in mid-2007. He has never beaten the Dow Jones Health Care index in any of the 10 one-year rolling periods since his arrival. His results Read more

Kudos

Relatively modest volatility. Read more

Risks

Industry-concentrated portfolio courts risk.

Industry rotation invites higher transaction costs and increases the chance of capital gains distributions.

Unimpressive long-term returns.

High fees. Read more

Strategy

This fund uses a quantitative model to screen the multiple industries that make up the health-care sector such as pharmaceuticals, biotechnology, distributors, equipment, and others. The model seeks Read more

Management

Todd Burchett has been the lead manager since May 2007. Scott Callahan joined Burchett in January 2009. He joined ICON in 2005 as a research analyst and returned after two years away earning his MBA. Read more

Inside Scoop

This health-care fund has a distinct value bent. Management rotates the fund's assets among the health-care industries that its models deem undervalued. The fund relies Read more

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