ICPAX: Williston Basin/Mid-North America Stk A

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

ICPAX Williston Basin/Mid-North America Stk A

  • Fund
  • ICPAX
  • Price as of: Dec 12, 2019
  • $4.12
    + $0.06 + 1.48%

Profile

ICPAX - Profile

Vitals

  • YTD Return 9.6%
  • 3 Yr Annualized Return -12.1%
  • 5 Yr Annualized Return -6.2%
  • Net Assets $158 M
  • Holdings in Top 10 47.2%

52 WEEK LOW AND HIGH

$4.12
$3.54
$4.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.53%

SALES FEES

  • Front Load 5.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 70.73%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

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

Distributions

  • YTD Total Return 9.6%
  • 3 Yr Annualized Total Return -11.9%
  • 5 Yr Annualized Total Return -5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.79%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Integrity Mid-North American Resources 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.


Get Updates About ICPAX

Sign up for Advisor Access to receive email updates about ICPAX competitors, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Categories

Performance

ICPAX - Performance

Return Ranking - Trailing

Period ICPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -36.5% 617.5% 5.19%
1 Yr -1.2% -46.8% 482.4% 7.79%
3 Yr -12.1%* -36.0% 28.4% 52.70%
5 Yr -6.2%* -29.9% 22.1% 42.86%
10 Yr 1.8%* -10.6% 11.6% 8.70%

* Annualized

Return Ranking - Calendar

Period ICPAX Return Category Return Low Category Return High Rank in Category (%)
2018 -31.4% -59.6% -17.1% 77.03%
2017 -7.6% -24.5% 9.3% 58.90%
2016 37.6% 16.2% 420.6% 15.94%
2015 -25.7% -73.7% -17.3% 37.10%
2014 -15.2% -59.7% -10.3% 25.00%

Total Return Ranking - Trailing

Period ICPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -36.5% 617.5% 5.19%
1 Yr -0.6% -46.8% 482.4% 11.69%
3 Yr -11.9%* -36.0% 29.1% 52.70%
5 Yr -5.1%* -29.9% 22.1% 42.86%
10 Yr 2.8%* -10.6% 11.6% 8.70%

* Annualized

Total Return Ranking - Calendar

Period ICPAX Return Category Return Low Category Return High Rank in Category (%)
2018 -31.0% -59.6% -14.9% 77.03%
2017 -7.5% -23.4% 17.7% 60.27%
2016 37.8% 16.2% 420.6% 15.94%
2015 -25.2% -73.7% -16.6% 35.48%
2014 -11.4% -59.7% -10.3% 13.46%

NAV & Total Return History


Holdings

ICPAX - Holdings

Concentration Analysis

ICPAX Category Low Category High ICPAX % Rank
Net Assets 158 M 5.8 M 6.62 B 34.62%
Number of Holdings 42 20 138 48.72%
Net Assets in Top 10 77.2 M 2.82 M 3.2 B 35.90%
Weighting of Top 10 47.18% 39.0% 70.1% 66.67%

Top 10 Holdings

  1. EOG Resources Inc 6.35%
  2. ConocoPhillips 5.05%
  3. Kinder Morgan Inc Class P 4.91%
  4. Archrock Inc 4.63%
  5. Cheniere Energy Inc 4.62%
  6. Concho Resources Inc 4.56%
  7. Williams Companies Inc 4.41%
  8. Diamondback Energy Inc 4.39%
  9. Valero Energy Corp 4.17%
  10. Marathon Petroleum Corp 4.08%

Asset Allocation

Weighting Return Low Return High ICPAX % Rank
Stocks
100.00% 73.07% 101.18% 14.10%
Preferred Stocks
0.00% 0.00% 1.85% 74.36%
Other
0.00% -3.01% 0.00% 64.10%
Convertible Bonds
0.00% 0.00% 0.00% 74.36%
Cash
0.00% -1.17% 26.93% 93.59%
Bonds
0.00% 0.00% 13.32% 75.64%

Stock Sector Breakdown

Weighting Return Low Return High ICPAX % Rank
Energy
87.90% 60.44% 100.64% 66.67%
Basic Materials
5.81% 0.00% 8.73% 24.36%
Utilities
5.20% 0.00% 10.96% 23.08%
Industrials
1.09% 0.00% 9.48% 35.90%
Technology
0.00% 0.00% 7.25% 80.77%
Real Estate
0.00% 0.00% 1.56% 75.64%
Healthcare
0.00% 0.00% 0.00% 74.36%
Financial Services
0.00% 0.00% 0.70% 74.36%
Communication Services
0.00% 0.00% 0.00% 74.36%
Consumer Defense
0.00% 0.00% 0.00% 74.36%
Consumer Cyclical
0.00% 0.00% 2.05% 75.64%

Stock Geographic Breakdown

Weighting Return Low Return High ICPAX % Rank
US
88.61% 34.90% 99.18% 53.85%
Non US
11.39% 0.00% 66.28% 47.44%

Expenses

ICPAX - Expenses

Operational Fees

ICPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.53% 0.10% 4.38% 63.64%
Management Fee 0.50% 0.09% 1.50% 7.69%
12b-1 Fee 0.50% 0.00% 1.00% 64.71%
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% 77.78%
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

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 70.73% 7.00% 1453.00% 65.38%

Distributions

ICPAX - Distributions

Dividend Yield Analysis

ICPAX Category Low Category High ICPAX % Rank
Dividend Yield 0.55% 0.00% 9.64% 32.05%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ICPAX Category Low Category High ICPAX % Rank
Net Income Ratio 0.79% -2.40% 4.70% 46.75%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ICPAX - Fund Manager Analysis

Managers

Shannon D. Radke


Start Date

Tenure

Tenure Rank

Feb 24, 2010

9.77

9.8%

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


Start Date

Tenure

Tenure Rank

Feb 24, 2010

9.77

9.8%

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


Start Date

Tenure

Tenure Rank

May 01, 2013

6.59

6.6%

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 Category High Category Average Category Mode
0.24 21.68 5.91 6.17