Integrity Dividend Summit I (IPAYX)
| Fund Assets | 9.09M |
| Expense Ratio | 0.74% |
| Min. Investment | $1,000 |
| Turnover | 24.07% |
| Dividend (ttm) | 0.66 |
| Dividend Yield | 5.98% |
| Dividend Growth | 3.33% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 26, 2025 |
| Previous Close | 10.94 |
| YTD Return | 2.72% |
| 1-Year Return | 8.52% |
| 5-Year Return | n/a |
| 52-Week Low | 9.65 |
| 52-Week High | 11.45 |
| Beta (5Y) | n/a |
| Holdings | 39 |
| Inception Date | n/a |
About IPAYX
The Integrity Dividend Summit Fund is an open-end equity mutual fund focused on generating qualified dividend income, while targeting long-term capital appreciation as a secondary objective. Managed by Viking Fund Management, LLC, the fund primarily invests in dividend-paying stocks of large-cap companies across diverse sectors. Its strategy mandates that at least 80% of its net assets, plus any borrowings for investment purposes, are allocated to dividend-paying equity securities, such as common and preferred stocks. Notably, the fund further requires that a minimum of 65% of its assets be invested in equities delivering a yield at least double that of the S&P 500’s current yield, emphasizing a strong income component. This non-diversified fund holds a concentrated portfolio—38 holdings as of the most recent data, with nearly half of assets allocated to its top ten positions. Launched in May 2023 and domiciled in the United States, the Integrity Dividend Summit Fund plays a distinctive role for investors seeking consistent income from equities, while maintaining exposure to sectors known for reliable dividend payments.
Performance
IPAYX had a total return of 8.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.95%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| APAYX | Class A | 0.99% |
| CPAYX | Class C | 1.74% |
Top 10 Holdings
47.18% of assets| Name | Symbol | Weight |
|---|---|---|
| Verizon Communications Inc. | VZ | 7.90% |
| AT&T Inc. | T | 6.83% |
| TC Energy Corporation | TRP | 6.78% |
| Bristol-Myers Squibb Company | BMY | 4.90% |
| Philip Morris International Inc. | PM | 3.84% |
| Pfizer Inc. | PFE | 3.83% |
| Altria Group, Inc. | MO | 3.48% |
| The AES Corporation | AES | 3.36% |
| British American Tobacco p.l.c. | BTI | 3.17% |
| Dow Inc. | DOW | 3.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2025 | $0.05052 | Jun 27, 2025 |
| May 28, 2025 | $0.05833 | May 29, 2025 |
| Apr 28, 2025 | $0.05981 | Apr 29, 2025 |
| Mar 27, 2025 | $0.07183 | Mar 28, 2025 |
| Feb 26, 2025 | $0.02909 | Feb 27, 2025 |
| Jan 29, 2025 | $0.06277 | Jan 30, 2025 |