Integrity fails to meet industry-standard stewardship qualities, culminating in a Below Average Parent Pillar rating. Despite the negative rating, an area of strength of the firm is manager investment. Over 30% of the firm's assets are covered by invested managers, in an effort to align portfolio manager and shareholder interests. Open-end and exchange-traded fund fees are a weakness at the firm, contributing negatively to the rating. On average, the firm charges fees on its funds that are in the second most-expensive quintile of category peers. With the current market environment of fee compression, this is cause for concern, as investors may flock to alternate asset managers over time to get a better deal. The longest-tenured managers’ average tenure within the firm is 14 years, bringing a wealth of knowledge through multiple market cycles to the table and contributing positively to the rating.
MarketUS Open-end ex MM ex FoF ex Feeder
Total Net Assets845.44 Mil
Investment Flows (TTM)34.07 Mil
Asset Growth Rate (TTM)4.10%
# of Share Classes24
# of Share Classes
Morningstar Rating Overall
5-Year Category Rank
|Integrity Dividend Harvest I||23|
|Integrity High Income A||25|
|Integrity Dividend Harvest A||29|
|Integrity High Income I||17|
|Integrity Dividend Harvest C||42|
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