Integrity Mid-North American Resources Fund Class A (ICPAX)

Overview

The fund is positioned in the investment market focusing on high-yield, high-risk corporate debt obligations, typically known as "junk bonds". It strategically allocates its assets in debt securities that are considered to have a lower quality, targeting those rated Baa by Moody's or BBB by S&P, or even lower. This implies that the fund seeks to benefit from higher interest earnings than those offered by top-tier, low-yield debt securities, albeit at an increased risk of default. In line with its investment philosophy, at least 80% of the fund’s net assets, along with any borrowings for investment purposes, are dedicated to these types of instruments. Despite this high-risk strategy, the fund aims to manage its portfolio's risk profile by maintaining an average maturity of less than ten years for its holdings, attempting to moderate the overall volatility associated with longer-dated debt securities.

Products and Services

• High-Yield Corporate Debt Investments

This product focuses on investing in corporate bonds that are rated just below investment grade or lower, which typically offer higher yields in exchange for higher risk, including the risk of default. These investments aim to provide income through interest earnings, enhancing the portfolio's overall yield.

• Risk Management Strategies

While engaging in high-yield investments, the fund employs various risk management strategies to mitigate potential losses. This includes diversification across different issuers and industries, rigorous credit analysis, and maintaining an average portfolio maturity of less than ten years to reduce sensitivity to interest rate changes and economic downturns.