Integrity High Income Fund Passes $100 Million In Assets
07 Août 2006 - 5:00PM
PR Newswire (US)
MINOT, N.D., Aug. 7 /PRNewswire-FirstCall/ -- Integrity Mutual
Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a mutual fund and
financial services company, announced today that its Integrity High
Income Fund has surpassed $100 million in assets under management.
In 2005, the Fund beat peer group averages and landed in the top
percentile in Morningstar's High Yield Bond category. The ranking
was based on the Fund's total return for the period January 1, 2005
to December 31, 2005, and ranked the Fund against the universe of
funds within Morningstar's High Yield Bond category. The High
Income Fund is managed by a team led by Jeffrey Cummer and Dwayne
Moyers, institutional managers responsible for over $1 billion in
bond portfolios. Cummer and Moyers credit the strong interest in
the Fund to their innovative approach to bond selection for which
each investment must answer the question, "Are there real assets to
cover our costs in the bonds". They then employ a best relative
value technique where they eliminate bonds not having enough yield
over treasuries to justify the credit risk. This diligence creates
the opportunity to deliver a higher yield and stable and
appreciating NAV. Integrity is differentiating itself as a leading
investment management company by selecting strong, institutional
sub-advisers to manage unique mutual funds that play strategic
roles in advisers' portfolios. Recent hires of managers who apply
disciplined investment methodologies and deliver consistent
risk-adjusted performance are allowing Integrity to build a
selection of quality funds with the capability to perform in all
market cycles and offer consistent streams of income with the
potential for capital appreciation. 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 with 275 registered representatives that specializes
in providing investment products and services to independent
investment representatives, financial planners, and investment
advisors in parts of the Midwest and California. More information
is available at http://www.integrityfunds.com/ or by calling (800)
276-1262. DATASOURCE: Integrity Mutual Funds, Inc. CONTACT: Mark R.
Anderson of Integrity Mutual Funds, Inc., +1-701-852-5292, Web
site: http://www.integrityfunds.com/
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