Integrity High Income Fund Earns Four-Star Rating by Morningstar(R)
15 Mai 2007 - 10:08PM
PR Newswire (US)
MINOT, N.D., May 15 /PRNewswire-FirstCall/ -- Integrity Mutual
Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a mutual fund and
financial services company, announced today that its Integrity High
Income Fund has earned a four-star rating overall by Morningstar.
The rating is based on the Fund's performance from its inception to
April 30, 2007. Since its inception on April 30, 2004, the Fund has
delivered an average annualized return of 10.73% through April 30,
2007. The total return does not reflect deduction of the Fund's
4.25% maximum sales load. If the maximum sales load were deducted,
the since inception return would be 9.16%. The investment adviser
has contractually agreed to waive its management fee and to
reimburse expenses, so that the net annual operating expenses of
the Fund do not exceed 1.75% for the Class A shares and 2.50% for
the Class C shares. The High Income Fund is managed by a team led
by Jeffrey Cummer and Dwayne Moyers, institutional managers
responsible for over $2 billion in bond portfolios. "Our approach
to bond selection has not changed. We strive to add a significant
amount of alpha by keeping our default rate low," said Mr. Cummer.
"As we look to the rest of 2007, we believe it will continue to be
a 'bond picker's market'. High Yield, as a sector, will not be
robust, but there will be good trading opportunities and a current
yield higher than last year." About Integrity Mutual Funds
Integrity Mutual Funds, Inc. is publicly traded over the OTC
Bulletin Board under the symbol IMFD.OB. With its subsidiaries,
Integrity Money Management, Inc., Integrity Fund Services, Inc.,
and Integrity Funds Distributor, Inc., the firm sponsors, manages,
and advises mutual funds. IMFD also owns Capital Financial
Services, Inc., a full-service brokerage firm that specializes in
providing investment products and services to independent
investment representatives, financial planners, and investment
advisors in parts of the Midwest and Pacific Northwest. More
information is available at http://www.integrityfunds.com/ or by
calling 800/276-1262. Please consider carefully the fund's
investment objectives, risks, charges and expenses. For this and
other important information, obtain a fund prospectus by visiting
http://www.integrityfunds.com/ or by calling (800) 276-1262. Read
it carefully before investing. Distributed by Integrity Funds
Distributor, Inc. Performance data does not reflect the deduction
of the maximum 4.25% sales load. If reflected, the load would
reduce the performance quoted. Performance data quoted above is
historical. Past performance is no guarantee of future results.
Current performance may be higher or lower than the performance
data quoted. The principal value and investment return of an
investment will fluctuate so that your shares, when redeemed, may
be worth more or less than their original cost. You may obtain
performance data current to the most recent month end by calling
1-800-276-1262. All returns assume reinvestment of dividends and
capital gains prior to the close of the fiscal year. Bond Funds
generally decline in value as interest rates rise. High yield
securities are lower quality debt securities and are subject to
greater risk of default or price changes due to changes in the
credit quality of the issuer. DATASOURCE: Integrity Mutual Funds,
Inc. CONTACT: Mark R. Anderson of Integrity Mutual Funds, Inc.,
+1-701-852-5292, Web site: http://www.integrityfunds.com/
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