About IHFAX
Integrity High Income Fund Class A is a mutual fund designed to deliver a high level of current income, with capital appreciation as its secondary objective. It primarily invests at least 80% of its net assets in low-quality, high-risk, high-yield corporate debt obligations, known as junk bonds, which offer elevated yields to compensate for increased default and price volatility risks. Managed by a team including Robert Cook, CFA, and Thomas Hauser, CFA, with JPMorgan serving as sub-advisor since 2008, the fund features a subsidized expense ratio of 1.09%, including management fees of 0.85% and 12b-1 fees of 0.25%, after waivers. Class A shares carry a front-end sales charge up to 4.25%, scaling down for larger investments, and recent monthly dividends have ranged from $0.023 to $0.053 per share. With net assets around $46.5 million, it provides monthly income distributions primarily from dividends, appealing to income-focused investors tolerant of credit and interest rate risks in the high-yield bond market. Performance metrics reflect total returns with reinvestment, subject to market fluctuations.
Fund Family Integrity Viking Funds
Category High Yield Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol IHFAX
Share Class Class A
Index Bloomberg U.S. Corporate High Yield TR
IHFAX had a total return of 4.27% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.96%.
