Integrity Mid-North American Resources Fund Class A

Frequently Asked Questions About ICPAX

What does ICPAX invest in?

This fund typically allocates at least 80% of its total assets, including any capital acquired through borrowing for investment purposes, to the equity securities of both U.S. and foreign companies. These companies are either directly involved in or stand to gain from the development and utilization of resources found in the Mid-North American region. The investment strategy is open to businesses of any scale, potentially including smaller, emerging enterprises that have recently commenced operations and may not yet be generating substantial revenues.

What is the expense ratio of ICPAX?

Integrity Mid-North American Resources Fund Class A (ICPAX) charges an expense ratio of 1.50%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ICPAX?

Integrity Mid-North American Resources Fund Class A (ICPAX) manages $192.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is ICPAX actively managed or an index fund?

ICPAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (ICPAX's is 1.50%) in exchange for the discretion to over- or under-weight positions.

When was ICPAX launched?

Integrity Mid-North American Resources Fund Class A (ICPAX) launched in April 1999 and is managed by the fund issuer.

How has ICPAX performed?

ICPAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.