# Integrity Mid-North American Resources Fund Class A (ICPAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/icpax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 1999-04-06 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. ## Key Facts | Metric | Value | |---|---| | Price | $9.15 | | Expense Ratio | 1.50% | | Assets Under Management | $191.7M | | NAV | $9.15 | | Holdings Count | — | | Distribution Yield (TTM) | 0.16% | | Annual Distribution (TTM) | $0.01 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $6.81 – $9.33 | | Beta | 0.48 | ## Latest Distribution - Amount: $0.0116 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-29 ## Frequently Asked Questions ### 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 $191.7M 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. ### Does ICPAX pay a dividend? Integrity Mid-North American Resources Fund Class A (ICPAX) currently distributes little or no income. Trailing-twelve-month yield is 0.16%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ICPAX pay dividends? Integrity Mid-North American Resources Fund Class A pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ICPAX's dividend yield? ICPAX's trailing-twelve-month yield is 0.16%, calculated from the sum of dividends over the past year divided by the current price. ### When is ICPAX's next ex-dividend date? The most recently announced ex-dividend date for ICPAX was 2026-09-28. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will ICPAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.50% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ICPAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from ICPAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ICPAX cost more than a fund like VOO? ICPAX is actively managed (current expense ratio 1.50%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether ICPAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to ICPAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as ICPAX (1.50%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/icpax - Distribution history: https://www.dividenddata.com/funds/icpax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/icpax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/icpax/expenses - Peer comparison: https://www.dividenddata.com/funds/icpax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.