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ICPAX Williston Basin/Mid-North America Stk A

  • Fund
  • ICPAX
  • Price as of: Dec 05, 2016
  • $6.03
  • + $0.08
  • + 1.35%
  • Category
  • Energy Equities

ICPAX - Profile

Vitals

  • YTD Return 39.9%
  • 3 Yr Annualized Return -5.9%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $601 M
  • Holdings in Top 10 40.3%

52 WEEK LOW AND HIGH

$6.03
$3.61
$6.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.44%

SALES FEES

  • Front Load 5.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 63.76%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Energy Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Equity Energy

Distributions

  • YTD Total Return 39.9%
  • 3 Yr Annualized Total Return -7.5%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.52%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Williston Basin/Mid-North America Stock Fund
  • Fund Family Name Integrity
  • Inception Date Apr 05, 1999
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Shannon D. Radke

Fund Description

The Integrity Williston Basin/Mid-North America Stock Fund Class A (ICPAX) is an actively managed fund that seeks to provide a high level of capital appreciation. To do this, ICPAX specifically bets on those stocks that have operations or activities in the Williston Basin or Mid-North American region. These are 100% energy or energy-related firms. Managers use fundamental analysis to hone in on the best opportunities of the region. The fund can bet on any market-cap size.

Given its average cost structure and very narrow focus, ICPAX is best used as a small position in a portfolio. The fund is managed by Viking Fund Management.

ICPAX - Performance

Return Ranking - Trailing

Period ICPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 39.9% -15.2% 60.5% 8.14% 1
1 Yr 4.7% -16.9% 12.3% 18.60% 1
3 Yr -5.9% * -32.6% 4.6% 11.25% 1
5 Yr 1.8% * -12.9% 9.9% 2.99% 1
10 Yr 5.4% * -12.0% 5.4% 1.79% 1

* Annualized


Return Ranking - Calendar

Period ICPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -25.7% -61.4% 0.0% 45.35% 3
2014 -15.2% -45.9% 0.0% 40.51% 3
2013 26.0% -3.0% 93.7% 26.76% 2
2012 0.2% -23.6% 13.1% 55.38% 3
2011 5.0% -43.5% 5.0% 1.56% 1

Total Return Ranking - Trailing

Period ICPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 39.9% -15.2% 60.5% 8.24% 1
1 Yr -0.6% -20.8% 12.3% 41.18% 3
3 Yr -7.5% * -33.4% 4.6% 26.58% 2
5 Yr 0.7% * -13.2% 9.9% 11.94% 1
10 Yr 4.8% * -12.0% 4.9% 3.57% 1

* Annualized


Total Return Ranking - Calendar

Period ICPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -25.3% -60.1% -2.7% 45.88% 3
2014 -11.9% -43.7% 2.4% 28.21% 2
2013 36.1% 7.0% 93.7% 5.71% 1
2012 0.2% -23.6% 18.9% 62.50% 4
2011 5.7% -43.0% 5.7% 1.59% 1

NAV & Total Return History

ICPAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

ICPAX Category Low Category High ICPAX % Rank Quintile
Net Assets 601 M 5.3 M 10 B 8.14% 1
Number of Holdings 49 25 157 11.63% 2
Net Assets in Top 10 245 M 2.9 M 4.06 B 10.47% 2
Weighting of Top 10 40.3% 10.3% 66.8% 27.91% 5

Top 10 Holdings

  1. Kinder Morgan Inc P 4.63%
  2. Superior Energy Services Inc 4.35%
  3. Spectra Energy Corp 3.51%
  4. Oil States International Inc 3.42%
  5. Parsley Energy Inc A 3.68%
  6. US Silica Holdings Inc 4.96%
  7. Halliburton Co 4.12%
  8. Baker Hughes Inc 4.55%
  9. Pioneer Natural Resources Co 3.50%
  10. RPC Inc 3.53%

Asset Allocation

Weighting Category Low Category High ICPAX % Rank Quintile
Stocks
99.19% 84.89% 100.10% 8.14% 1
Other
0.81% -0.85% 10.15% 9.30% 1
Preferred Stocks
0.00% 0.00% 3.09% 3.49% 4
Convertible Bonds
0.00% 0.00% 0.68% 2.33% 3
Cash
0.00% -10.11% 4.76% 29.07% 5
Bonds
0.00% 0.00% 12.11% 8.14% 4

Stock Sector Breakdown

Weighting Category Low Category High ICPAX % Rank Quintile
Energy
83.71% 0.00% 99.28% 24.42% 4
Basic Materials
10.79% 0.00% 11.57% 2.33% 1
Utilities
2.94% 0.00% 33.79% 10.47% 2
Industrials
1.75% 0.00% 50.70% 12.79% 2
Technology
0.00% 0.00% 49.30% 13.95% 4
Real Estate
0.00% 0.00% 0.75% 3.49% 4
Healthcare
0.00% 0.00% 1.39% 3.49% 4
Communication Services
0.00% 0.00% 0.00% 1.16% 3
Consumer Defense
0.00% 0.00% 4.85% 4.65% 4
Consumer Cyclical
0.00% 0.00% 13.27% 8.14% 4
Financial Services
0.00% 0.00% 0.00% 1.16% 3

Stock Geographic Breakdown

Weighting Category Low Category High ICPAX % Rank Quintile
US
93.63% 23.61% 99.10% 10.47% 2
Non US
5.56% 0.00% 76.21% 22.09% 4

ICPAX - Expenses

Operational Fees

ICPAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.44% 0.10% 4.14% 51.16% 2
Management Fee 0.50% 0.08% 1.53% 15.12% 1
12b-1 Fee 0.50% 0.00% 1.00% 4.84% 3
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

ICPAX Fees (% of AUM) Category Low Category High ICPAX Rank Quintile
Front Load 5.00% 3.50% 5.75% 19.05% 2
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

ICPAX Fees (% of AUM) Category Low Category High ICPAX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ICPAX Fees (% of AUM) Category Low Category High ICPAX Rank Quintile
Turnover 63.76% 5.00% 1241.00% 12.79% 3

ICPAX - Distributions

Dividend Yield Analysis

ICPAX Category Low Category High ICPAX % Rank Quintile
Dividend Yield N/A 0.00% 2.21% N/A N/A

Dividend Distribution Analysis

ICPAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

ICPAX Category Low Category High ICPAX % Rank Quintile
Net Income Ratio 0.52% -1.88% 2.86% 45.35% 3

Capital Gain Distribution Analysis

ICPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

ICPAX - Managers

Shannon D. Radke

Manager

Start Date

Feb 24, 2010

Tenure

6.69

Tenure Rank

6.7%

Mr. Radke is a governor and president of Viking Management and a governor of Corridor. He holds a Bachelor of Business Administration degree in Banking and Finance from the University of North Dakota and has been engaged in the securities business since 1988 as a broker and as operations manager and later as chief operating officer of an unrelated investment advisory firm. Mr. Radke founded Viking Management in September 1998 and has been a portfolio manager for years.


Michael Morey

Manager

Start Date

May 01, 2013

Tenure

3.5

Tenure Rank

11.0%

Mr. Morey received a Bachelor of Science degree in finance from Minot State University in 2010. He joined the fund accounting division of Integrity Viking Funds in 2009 and has been a research analyst for certain funds advised by Viking Management since February 2010. Mr. Morey is also a Regional Director for the Integrity Viking Funds (with respect to the State of Texas). In addition, he is enrolled in the Chartered Financial Analyst Program.


Monte L. Avery

Manager

Start Date

Feb 24, 2010

Tenure

6.69

Tenure Rank

6.7%

Mr. Avery was previously an employee of Integrity Money Management and, since August 1, 2009, has been an employee of Viking Management. Mr. Avery started in the securities business with PaineWebber in 1981 as a retail broker, transferring to Dean Witter in 1982. In 1988, Mr. Avery joined Bremer Bank, N.A. (Minot, ND) to help start its Invest Center. He transferred back to Dean Witter in 1993 where he remained until he joined Integrity in 1995. Since that time, Mr. Avery has served as a portfolio manager to various funds currently advised by Viking Management, including funds, such as the Funds, that were previously advised by Integrity Money Management.


Tenure Analysis

Category Low

0.0

Category High

18.9

Category Average

4.5

Category Mode

4.8