Integrity Fund's Williston Basin/Mid-North America Stock Fund Gives Investors a Unique Opportunity
June 24 2009 - 9:00AM
PR Newswire (US)
MINOT, N.D., June 24 /PRNewswire-FirstCall/ -- Integrity Mutual
Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a mutual fund and
financial services company, announced today that its Williston
Basin/Mid-North America Stock Fund (ICPAX) has an Overall 4-Star
Morningstar Rating(TM) for the period ended May 31, 2009. The Fund
invests at least 80% of its net assets in equity securities of US
and Canadian companies in the mid-continent region of North
America. Half the Fund's stocks will typically be those directly
participating in or benefiting from the development of the
resource-rich Williston Basin area and Mid-North America region.
The other half are chosen to reduce the high volatility of natural
resource stocks through more conservative companies of the
mid-continent. "I am excited that this unique fund and its special
focus is doing well - the fund is an unusual opportunity for
investors who may have overlooked this tremendously resource-rich
area at home," said Robert Loest, Senior Portfolio Manager of
Integrity's Williston Basin/Mid-North America Stock Fund. "Newer
technologies have allowed companies to 'unlock' more of the
resources from the Basin and we are delighted to take advantage of
this opportunity." The Williston Basin/Mid-North America
continental region, rich in natural resources, especially in
agriculture, oil and natural gas, wind and solar energy, will
invest in equity securities that are participating or benefiting
from the economic development of the Williston Basin area and/or
Mid-North America area. This encompasses the states of Arkansas,
Colorado, Illinois, Iowa, Kansas, Louisiana, Minnesota,
Mississippi, Missouri, Montana, Nebraska, New Mexico, North Dakota,
Oklahoma, South Dakota, Texas, Wisconsin, and Wyoming; and the
Canadian provinces of Alberta, Manitoba, and Saskatchewan. About
the Morningstar Rating(TM): For each fund with at least a
three-year history, Morningstar calculates a Morningstar Rating(TM)
based on a Morningstar Risk-Adjusted Return measure that accounts
for variation in a fund's monthly performance (including the
effects of sales charges, loads, and redemption fees), placing more
emphasis on downward variations and rewarding consistent
performance. The top 10% of funds in each 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 fund is derived from a weighted
average of the performance figures associated with its three-,
five- and ten-year (if applicable) Morningstar Rating metrics. The
Integrity Williston Basin/Mid-North America Stock Fund was rated
4-stars against the following numbers of U.S.-domiciled Mid-Cap
Growth funds over the following time periods: 3-year 805 funds,
5-year 673 funds, and Overall 805 funds. (c) 2009 Morningstar, Inc.
All Rights Reserved. The information contained herein: (1) is
proprietary to Morningstar and/or its content providers; (2) may
not be copied or distributed; and (3) is not warranted to be
accurate, complete or timely. Neither Morningstar nor its content
providers are responsible for any damages or losses arising from
any use of this information. More information is available at
http://corp.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 1-800-276-1262. Read it carefully before investing.
Distributed by Integrity Funds Distributor, Inc. Past performance
is no guarantee of future results. The investment return and
principal value of an investment will fluctuate so that an
investor's shares, when redeemed, may be worth more or less than
their original cost. DATASOURCE: Integrity Mutual Funds, Inc.
CONTACT: Kelly Cinelli, , or Ronnie Welch, , both for Integrity
Mutual Funds, Inc., +1-508-222-4802 Web Site:
http://www.integrityfunds.com/
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