● LAUNCHED Listed Oct 21, 2026. Payment history will be charted here from the first distribution.
This fund is already trading; the payment watch is now waiting on its first distribution. A green LAUNCHED badge here means it's live and our launch tracker has logged it.
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What ICOM Does, Per the Filing
Most funds with “commodity” in the name own the commodities, through futures, and that has a tax consequence people discover in March: a Schedule K-1, which arrives late and complicates a return. Funds holding pipeline and energy partnerships often have the same problem for the same reason.
ICOM sidesteps it by owning something else entirely. It holds dividend-paying shares of commodity companies — at least 80% of net assets in common and preferred stock, ADRs and GDRs, royalty trust interests and MLP interests — and is structured to issue a Form 1099. No options are sold anywhere in the strategy. The income is the dividends and distributions those businesses declare, which is a plainer engine than most of what we chart here.
The test a company has to pass is written down rather than left to taste: at least 50% of annual revenue from finding, extracting, producing, transporting, distributing, financing, selling or recycling commodities — metals, oil and gas, chemicals, paper and timber, agricultural commodities, building materials. That sweeps in miners and oil companies alongside the businesses that service them: pipelines, shipping and terminals, mining services, commodity exchanges and trading houses. The portfolio runs more than 15 and no more than 100 names, with a floor of roughly $100 million market cap and $500,000 average daily volume.
What this is not. Owning Shell is not owning oil. These are equities, and they carry equity risk: a commodity producer's share price can fall in a year the commodity rises, and dividends can be cut. A fund built from commodity businesses tracks the fortunes of those businesses, which is related to commodity prices but is not the same instrument. If the reason you want commodity exposure is an inflation hedge, that distinction is the whole question and it is worth settling before rather than after.
The fee is 0.75%. It opened with about $492,000 in assets across 34 holdings — Alliance Resource Partners, Nutrien, Suncor, Energy Transfer, Valterra Platinum, Shell, Glencore and BHP among the largest — and the stated objective is monthly income and long-term growth. It lists on the Texas Stock Exchange, which is new enough that it is worth checking your broker routes there before assuming you can buy it. Every payment it makes will be charted on its payment history page, which recomputes nightly.
What Nobody Can Know Yet
ICOM is trading, but it has not paid yet, so there is no payment history, no real yield, and no evidence of how its strategy behaves in live markets — any number you hear before its first distribution is a target or a guess. A fund can also take months to declare one, or pay less than its target implied. When ICOM declares, we chart every payment from its very first one, free.
One email the day ICOM declares its first distribution — the amount, not a press release. Until then there is nothing to report, and we will not invent any.
Frequently Asked Questions
When did ICOM launch?
It launched Oct 21, 2026. The registration was first seen in SEC records dated Oct 21, 2026; issuers typically launch within months of filing, but filings can also stall. The status box above updates daily, and the launch tracker shows everything else on the runway.
What will ICOM pay?
Unknowable until it pays — there is no payment history yet and the filing promises no rate. The income is ordinary dividend and distribution income from the shares the fund owns, not option premium, so what it pays tracks what its holdings declare rather than how rich option premiums happen to be.
Why does the K-1 versus 1099 difference matter?
Timing and effort, mostly, and sometimes where you can hold it. A K-1 is the tax form a partnership sends its partners, and funds that own commodity futures or MLP interests directly often have to issue one. They commonly arrive in March, after many people have already filed, and they are more work than a 1099. A K-1 can also create taxable income inside an IRA in ways a 1099 does not. ICOM is structured so shareholders get a 1099 instead, which is the ordinary form you already get from a brokerage. It changes nothing about whether the fund is a good investment — it changes the paperwork, and for some holders, whether the fund is practical to own at all.