Integrity Growth & Income Fund is a No-Load Ethical Fund that is a Leader in its Class in a Challenging Market
February 24 2009 - 7:30AM
PR Newswire (US)
Fund holds a Five Star rating for 3 and 5 year period from
Morningstar MINOT, N.D., Feb. 24 /PRNewswire-FirstCall/ --
Integrity Mutual Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a
mutual fund and financial services company, announced today that
its Integrity Growth & Income Fund (IGIAX) has a 5-Star
Morningstar Rating(TM) for the three-year period and the five-year
period ending January 31, 2009. There are 423 funds in the Mid-Cap
blend category for the three-year period and 337 for the five-year
period. "These star ratings help eradicate the ongoing belief that
ethical funds can't outperform the market. Our strategy and process
have helped us avoid many of the major stock holdings that have
crashed in this difficult economy," said Robert Loest, senior
portfolio manager of Integrity Growth & Income Fund. "We are
hearing from investors, disillusioned with the banking and
financial industry, who are looking for ethical and socially
responsible investment options. The Integrity Growth & Income
Fund provides competitive returns that consider the environment,
animal rights, social, governance and family ethical issues." The
Integrity Growth & Income Fund is designed to provide
disciplined risk management, ethical investment standards, and
competitive total returns. 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 Growth &
Income Fund was rated against the following numbers of
U.S.-domiciled Mid-Cap Blend funds over the following time periods:
3-year 423 funds, 5-year 337 funds, 10-year 163 funds, and Overall
423 funds. With respect to these Mid-Cap Blend funds, the Integrity
Growth & Income Fund received a Morningstar Rating of 5 stars
for the three- and five-year periods, 1 star for the ten-year
period, and 3 stars Overall. Past performance is no guarantee of
future results. (c) 2008 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.
Past performance is no guarantee of future results. About Integrity
Mutual Funds Integrity Mutual Funds, Inc. is publicly traded over
the OTC Bulletin Board under the symbol IMFD.OB. With its
subsidiaries, Integrity Money Management, Inc., Integrity Fund
Services, Inc., and Integrity Funds Distributor, Inc., the firm
sponsors, manages, and advises mutual funds. IMFD also owns Capital
Financial Services, Inc., a full-service brokerage firm that
specializes in providing investment products and services to
independent investment representatives, financial planners, and
investment advisors throughout the United States. More information
is available at http://corp.integrityfunds.com/ or by calling (800)
276-1262. Contact: Kelly Cinelli or Ronnie Welch or 508-222-4802
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 at +1-508-222-4802, for Integrity Mutual
Funds, Inc. Web Site: http://www.integrityfunds.com/
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