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.
Integrity
Integrity Investments
Market
US Open-end ex MM ex FoF ex FeederTotal Net Assets
845.44 MilInvestment Flows (TTM)
34.07 MilAsset Growth Rate (TTM)
4.10%# of Share Classes
24
Morningstar Rating
|
# of Share Classes
|
|---|---|
| 1 | |
| 4 | |
| 12 | |
| 7 | |
| 0 | |
| Not Rated | 0 |
0%
25
50
Name
|
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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Quick Definitions: Key Morningstar Terms
Morningstar Rating™ for Funds
The Morningstar Rating for Funds, often referred to as the Star Rating, measures a fund’s past performance compared to similar funds on a risk-adjusted basis.
Morningstar Analyst Rating for Funds™
The Morningstar Analyst Rating` for funds is a forward-looking, qualitative rating. It helps investors find funds most likely to outperform their peers over a full market cycle.
Percentile Rank
Percentile rank is how an investment’s return, risk, or other metric compares with other investments in its Morningstar Category.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.