ICPAX Fees and Costs — Integrity Mid-North American Resources Fund, Class A
Data updated: 2026-10-13
The net expense ratio is 1.50%: a 0.50% management fee, a 0.50% 12b-1 fee plus 0.50% other expenses. This share class carries a maximum front-end sales load of 5.00% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $85K in broker commissions, 0.0499% of average net assets, and portfolio turnover was 63%.
ICPAX Fees and Expenses
Annual operating expenses and sales charges of ICPAX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.50% |
| Fee waiver | — |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
ICPAX Costs Over Time
On $10,000 invested in ICPAX, assuming 5% a year before costs, total costs come to $1,549 over 5 years, cutting the return by 2.68% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $598 | $500 | $500 |
| Fund expenses (net expense ratio 1.50%) | $150 | $464 | $800 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $25 | $103 | $222 |
| Total costs | $778 | $1,082 | $1,549 |
| Value after costs | $9,722 | $10,494 | $11,214 |
| Impact on return, per year | 7.78% | 3.38% | 2.68% |
ICPAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0499%
- Total broker commissions: $85K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 63%
ICPAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALL STREET ACCESS | $66K | 77.48% |
| J.P. MORGAN SECURITIES LLC | $19K | 22.52% |
Integrity Mid-North American Resources Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ICWIX | Class I | 1.00% | none |
| ICPAX | Class A | 1.50% | 5.00% |
| ICPUX | Class C | 2.00% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.