Integrity to Offer Absolute Return Fund
17 Mai 2005 - 5:00PM
PR Newswire (US)
Integrity to Offer Absolute Return Fund MINOT, N.D., May 17
/PRNewswire-FirstCall/ -- Integrity Mutual Funds, Inc. (OTC:IMFD)
(BULLETIN BOARD: IMFD) , the Minot based mutual fund and financial
services company, announced plans to launch a new absolute return
mutual fund: the Integrity All Season Fund. The All Season Fund is
being launched in partnership with All Season Financial Advisors,
Inc., of Denver, who will manage the Fund on a sub- advisory basis.
The new Fund's objective will be to seek long-term growth of
capital while substantially reducing the normal risks associated
with equity investing. The Fund will invest in equity securities
and use various hedging strategies to manage risk and reduce
volatility. The Fund will also include an allocation to high yield
bonds, which will be managed by SMH Capital Advisors of Fort Worth,
Texas, sub-advisor to the Integrity High Income Fund. "This
strategy allows shareholders to benefit from a rising equity market
while protecting capital during market downturns," explained Sam
Jones, President of All Season Advisors and portfolio manager for
the Fund. "The launching of the All Season Fund continues
Integrity's effort to bring more unique and specialty products to
our shareholders," said Integrity's Chairman and CEO Robert
Walstad. "All Season Advisors has a strong track record, especially
in volatile and uncertain markets. We are excited to be able to
offer this new product to our shareholders," Walstad continued.
Integrity Mutual Funds, Inc., has assets under management of $400
million and is publicly traded over the OTC Bulletin Board under
the symbol IMFD. With its subsidiaries, Integrity Money Management,
Inc., Integrity Fund Services, Inc., and Integrity Funds
Distributor, Inc., the firm sponsors, manages and advises 18 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 in
parts of the Midwest and California. We may not sell these
securities until the registration statement filed with the
Securities and Exchange Commission becomes effective. The
information in the prospectus and Statement of Additional
Information is not complete and may be amended. The prospectus and
Statement of Additional Information is not an offer to sell these
securities and is not soliciting an offer to buy these securities
in any state where the offer or sales are not permitted. The
Integrity Funds are sold only to persons residing in the United
States and are offered by prospectus only. For more complete
information about any of the Integrity Mutual Funds, investors
should consider the investment objectives, risks, charges and
expenses of each fund carefully before investing. The prospectus
includes this and other information about each fund. Investors may
obtain the applicable prospectus from their financial adviser or
from our website at http://www.integrityfunds.com/ . Please read
the prospectus carefully before you invest or send money.
DATASOURCE: Integrity Mutual Funds, Inc. CONTACT: Jerry Szilagyi,
of Integrity Mutual Funds, Inc., +1-631-424-8111 Web site:
http://www.integrityfunds.com/
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