Integrity Energized Dividend Fund Receives 5-Star Morningstar Rating
June 14, 2019 08:00 ET | Source: Integrity Viking Funds
Minot, N.D. Jun. 14th, 2019 – Integrity Viking Funds, a mutual fund management company headquartered in Minot, North Dakota, announced today that the Integrity Energized Dividend Fund (NRIGX) has received a 5-star Overall Morningstar Rating out of 91 Equity Energy Funds, based on risk-adjusted returns for the three year period ended May 31, 2019.
Michael Morey, Chief Investment Officer of Viking Fund Management, the fund’s investment advisor, commented, “Since its inception in 2016, the Integrity Energized Dividend Fund has outperformed its benchmark index while employing less risk over that period time. We believe our top-down approach enables us to identify advantageous industry allocations in the Fund, while our fundamental research and multi-manager team approach results in strong individual security selection.”
According to Shannon Radke, CEO of Integrity Viking Funds, “Our expertise in energy investing, enhanced by our close proximity to the Bakken, has been proven up not only by the 5-star Morningstar Rating of the Integrity Energized Dividend Fund, but also our Williston Basin/Mid-North America Stock Fund, which is the most decorated Fund in the history of the Lipper Natural Resources Category. The Integrity Energized Dividend Fund potentially provides a lower volatility way to gain exposure to the energy sector while paying investors a dividend to wait for their return on investment.”
About Integrity Viking: The Niche Fund Group
Integrity Viking Funds, founded in 1987, is a boutique asset manager with a focus on income producing strategies. Integrity Viking Funds manages assets for individual investors, registered investment advisors and broker/dealers. The Fund is available at more than 500 financial intermediaries in the U.S.
About Integrity Energized Dividend Fund
Integrity Energized Dividend Fund seeks to provide investors an opportunity to invest in the income side of the energy sector. The Fund will primarily invest in dividend-paying equity securities within several energy related industries, including certain utilities and materials companies. The Fund seeks long-term appreciation while providing high current income by investing at least 80% of its net assets in dividend paying equity securities. Furthermore, the Fund will invest at least 65% of its net assets in companies with business operations in or related to energy industries.
Investing involves risk, including possible loss of principal. Carefully consider a fund's objectives, risks, charges, and expenses before investing. Call toll free (800) 276-1262 or visit www.integrityvikingfunds.com for a prospectus, or summary prospectus if available, containing this and other information. Please read it carefully before investing.
Integrity Viking Funds are distributed by Integrity Funds Distributors, LLC.
Past performance is no guarantee of future results. Dividends are not guaranteed.
Overall Morningstar RatingTM is as of 5/31/2019 for Integrity Energized Dividend Fund Class A, out of 91 funds in the Equity Energy category. The Fund’s 5‐ and 10‐year ratings are not available due to an inception date of 5/1/2016. Morningstar ratings may vary between share classes, are based on historical risk‐adjusted total returns and are subject to change.
The Morningstar RatingTM for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange‐traded funds, closed‐end funds, and separate accounts) with at least a three‐year history. Exchange traded funds and open‐ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk‐Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three‐, five‐, and 10‐year (if applicable) Morningstar Rating metrics. The weights are: 100% three‐year rating for 36‐59 months of total returns, 60% five‐year rating/40% three‐year rating for 60‐119 months of total returns, and 50% 10‐year rating/30% five‐year rating/20% three‐year rating for 120 or more months of total returns. While the 10‐year overall star rating formula seems to give the most weight to the 10‐year period, the most recent three‐year period actually has the greatest impact because it is included in all three rating periods. Morningstar ratings do not reflect the inclusion of sales charges. If sales charges were reflected, ratings could be lower.
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Because the Integrity Energized Dividend Fund can only distribute what it earns, the Fund’s distributions to shareholders could decline when dividend income from stocks in the Fund’s portfolio declines. The Fund’s emphasis on dividend‐paying stocks involves the risk that such stocks may fall out of favor with investors and underperform the market. Also, a company may reduce or eliminate its dividend, which could affect the Fund’s ability to generate income.