Integrity Mutual Funds
is reducing the contractual expense cap in its Integrity Small Cap Growth Fund
. The fee was reduced from 265 bps to 150 bps.
Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, announced today it is reducing the contractual expense cap in its Integrity Small Cap Growth Fund (ICPAX). The Board of Trustees of the Fund approved a new management fee waiver and expense reimbursement agreement to reduce the contractual expense cap from 2.65% to 1.50% of average daily net assets, effective through November 14, 2008.
“This is a significant reduction of our expense cap in Integrity Small Cap Growth Fund. With this reduction, we intend to minimize the operating expenses that our shareholders pay, while allowing us to remain competitive in the industry,” said Mark Anderson, President and CEO of Integrity.
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.
Please consider carefully the fund's investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.integrityfunds.com or by calling (800) 276-1262. Read it carefully before investing. Distributed by Integrity Funds Distributor, Inc.
The Fund is sold by prospectus only. An investor should consider the investment objectives, risks, and charges and expenses of the investment company carefully before investing. The prospectus contains this and other information about the investment company. You may obtain a prospectus at no cost from your financial adviser or at www.integrityfunds.com. Please read the prospectus carefully before investing.
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