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ICPAX Williston Basin/Mid-North America Stk A

  • Fund
  • ICPAX
  • Price as of: Sep 19, 2019
  • $4.16 - $0.02 - 0.48%

ICPAX - Profile

Vitals

  • YTD Return 10.6%
  • 3 Yr Annualized Return -6.6%
  • 5 Yr Annualized Return -11.8%
  • Net Assets $171 M
  • Holdings in Top 10 49.9%

52 WEEK LOW AND HIGH

$4.16
$3.54
$5.55

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.49%

SALES FEES

  • Front Load 5.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 43.01%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 10.6%
  • 3 Yr Annualized Total Return -6.4%
  • 5 Yr Annualized Total Return -10.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.19%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Williston Basin/Mid-North America Stock Fund
  • Fund Family Name IntegrityVikingFunds
  • 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 (%)
YTD 10.6% -11.9% 11.0% 2.82%
1 Yr -22.2% -62.7% -12.6% 26.47%
3 Yr -6.6%* -30.9% 47.9% 40.30%
5 Yr -11.8%* -32.0% 14.1% 39.29%
10 Yr 2.2%* -12.8% 11.5% 5.00%

* Annualized


Return Ranking - Calendar

Period ICPAX Return Category Return Low Category Return High Rank in Category (%)
2018 -31.4% -59.6% -17.1% 76.47%
2017 -7.6% -24.5% 9.3% 56.72%
2016 37.6% 16.7% 420.6% 12.70%
2015 -25.7% -61.4% -17.3% 41.07%
2014 -15.2% -39.7% -10.3% 28.26%

Total Return Ranking - Trailing

Period ICPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -11.9% 11.0% 2.82%
1 Yr -21.8% -62.7% -9.0% 26.47%
3 Yr -6.4%* -30.5% 47.9% 47.76%
5 Yr -10.7%* -31.8% 14.1% 39.29%
10 Yr 3.3%* -12.7% 11.5% 5.00%

* Annualized


Total Return Ranking - Calendar

Period ICPAX Return Category Return Low Category Return High Rank in Category (%)
2018 -31.0% -59.6% -14.9% 76.47%
2017 -7.5% -23.4% 17.7% 58.21%
2016 37.8% 21.2% 420.6% 12.70%
2015 -25.2% -57.0% -16.6% 39.29%
2014 -11.4% -30.0% -10.3% 15.22%

NAV & Total Return History

ICPAX - Holdings

Concentration Analysis

ICPAX Category Low Category High ICPAX % Rank
Net Assets 171 M 5.37 M 6.75 B 36.11%
Number of Holdings 39 20 137 59.72%
Net Assets in Top 10 99.1 M 2.74 M 3.48 B 36.11%
Weighting of Top 10 49.94% 37.5% 70.0% 56.94%

Top 10 Holdings

  1. EOG Resources Inc 5.87%

  2. Archrock Inc 5.50%

  3. Marathon Petroleum Corp 5.35%

  4. Cheniere Energy Inc 5.17%

  5. Phillips 66 4.95%

  6. Diamondback Energy Inc 4.94%

  7. Concho Resources Inc 4.89%

  8. Kinder Morgan Inc Class P 4.52%

  9. Targa Resources Corp 4.45%

  10. Valero Energy Corp 4.31%


Asset Allocation

Weighting Return Low Return High ICPAX % Rank
Stocks
100.00% 70.65% 100.08% 9.72%
Preferred Stocks
0.00% 0.00% 0.00% 44.44%
Other
0.00% -2.95% 0.00% 37.50%
Convertible Bonds
0.00% 0.00% 0.00% 44.44%
Cash
0.00% -0.08% 29.35% 87.50%
Bonds
0.00% 0.00% 13.80% 54.17%

Stock Sector Breakdown

Weighting Return Low Return High ICPAX % Rank
Energy
93.74% 61.60% 98.90% 52.78%
Basic Materials
3.73% 0.00% 13.69% 34.72%
Utilities
1.95% 0.00% 7.75% 20.83%
Industrials
0.58% 0.00% 8.86% 51.39%
Technology
0.00% 0.00% 3.49% 51.39%
Real Estate
0.00% 0.00% 0.34% 51.39%
Healthcare
0.00% 0.00% 0.00% 44.44%
Financial Services
0.00% 0.00% 1.01% 45.83%
Communication Services
0.00% 0.00% 0.00% 44.44%
Consumer Defense
0.00% 0.00% 0.00% 44.44%
Consumer Cyclical
0.00% 0.00% 0.03% 45.83%

Stock Geographic Breakdown

Weighting Return Low Return High ICPAX % Rank
US
90.75% 34.82% 98.95% 40.28%
Non US
9.25% 0.00% 63.06% 50.00%

ICPAX - Expenses

Operational Fees

ICPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.49% 0.10% 4.38% 61.43%
Management Fee 0.50% 0.09% 1.25% 8.33%
12b-1 Fee 0.50% 0.00% 1.00% 62.50%
Administrative Fee N/A 0.01% 0.25% N/A

Sales Fees

ICPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.00% 2.00% 5.75% 70.59%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ICPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 43.01% 5.00% 1453.00% 47.22%

ICPAX - Distributions

Dividend Yield Analysis

ICPAX Category Low Category High ICPAX % Rank
Dividend Yield 0.54% 0.00% 3.53% 51.39%

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
Net Income Ratio 0.19% -1.28% 4.16% 55.71%

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

Tenure

Tenure Rank

Feb 24, 2010

9.52

9.5%

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.


Monte L. Avery

Manager

Start Date

Tenure

Tenure Rank

Feb 24, 2010

9.52

9.5%

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.


Michael Morey

Manager

Start Date

Tenure

Tenure Rank

May 01, 2013

6.34

6.3%

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 has served as a co-portfolio manager. 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.


Tenure Analysis

Category Low

0.0

Category High

21.43

Category Average

5.73

Category Mode

5.92