Fund Evaluator:
Integrity Growth & Income Fund I (IGIVX)
Follow This Fund
Best Performing in Large Blend Over the Last Year
| 45.2% | PRIMECAP Odyssey Growth (POGRX) |
| 43.8% | Vanguard PRIMECAP Adm (VPMAX) |
| 43.7% | Vanguard PRIMECAP Inv (VPMCX) |
| 43.5% | Vanguard PRIMECAP Core Inv (VPCCX) |
| 32.6% | Midas Special Opportunities (MISEX) |
Fund Details
Integrity Growth & Income Fund I Overview
Integrity Growth & Income Fund I (IGIVX) is an actively managed U.S. Equity Large Blend fund. Integrity Viking Funds launched the fund in 2016.
The investment seeks to provide long-term growth of capital with dividend income as a secondary objective. Under normal market conditions, the fund is managed using a blended growth and income investment strategy. It seeks to invest primarily in domestic common stocks, balancing its investments between growth and dividend-paying stocks, depending on where value is in the stock market. The fund may also invest in stocks that are currently not paying dividends, but offer prospects for future income or capital appreciation.
About Integrity Growth & Income Fund I (IGIVX)
There are 2 members of the management team with an average tenure of 12.34 years: Joshua Larson (2013), Trey Welstad (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Integrity Growth & Income Fund I has 39 securities in its portfolio. The top 10 holdings constitute 49.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Integrity Growth & Income Fund I is part of the Equity global asset class and is within the U.S. Equity fund group. Integrity Growth & Income Fund I has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 100.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Integrity Growth & Income Fund I has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $63 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IGIVX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Integrity Growth & Income Fund I expense ratio is high compared to funds in the Large Blend category. Integrity Growth & Income Fund I has an expense ratio of 0.99%, which is 22% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Integrity Growth & Income Fund I has a portfolio turnover rate of 8%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of August 2026, Integrity Growth & Income Fund I returned 1.9%, which earned it a grade of D, as the Large Blend category had an average return of 2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Integrity Growth & Income Fund I has a trailing yield of 0.31%, which is below the 0.55% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Integrity Growth & Income Fund I Grades
Year to date, the fund has returned 24.2%, 12.6 percentage points better than the category, which translates into a grade of A. The fund has returned 32.4% over the past year (grade of A), 23.7% over the past three years (grade of A) and 13.8% per year over the past five years (grade of A) and 15.6% per year over the past 10 years (grade of A).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Integrity Growth & Income Fund I, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
IGIVX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IGIVX Return (NAV) | 1.9% | 0.2% | 32.4% | 23.7% | 13.8% | 15.6% |
| IGIVX Grade | D | F | A | A | A | A |
| +/- Category | -0.2% | -2.1% | 14.7% | 4.9% | 2.8% | 1.7% |
| Large Blend Avg | 2.1% | 2.3% | 17.6% | 18.8% | 11.0% | 13.9% |
| IGIVX Tax Cost Ratio | na | na | 1.0% | 0.8% | 0.6% | 1.1% |
IGIVX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IGIVX Return (NAV) | 24.2% | 18.9% | 20.2% | 25.6% | -21.1% | 27.9% | 17.4% | 33.4% | -1.6% | 19.0% | 10.0% |
| IGIVX Grade | A | A | D | C | F | B | C | A | A | F | C |
| +/- Category | 12.6% | 3.1% | -1.8% | 1.9% | -3.8% | 1.4% | -0.1% | 3.6% | 4.2% | -2.3% | -0.2% |
| Large Blend Avg | 11.6% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 15.0% |
| Total Risk Index: | 1.23 - Above Average |
| Category Risk Index: | 1.14 - High |
| Category Risk Grade: | F (95% Rank) |
| Beta: | 1.04 |
| R-Squared: | 80% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $156 Mil |
| Fund Total Assets: | $ 63 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 9% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.3 years | |||
| Average Tenure: 12.3 years | |||
| Managers (Year): Larson Joshua (2013), Welstad Trey (2015) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 49.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 100.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Integrity Viking Funds |
| Phone Number: | 800-276-1262 |
| Website: | www.integrityvikingfunds.com |
| Status: | Open |
| Inception Date: | August 1, 2016 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.99% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Integrity Growth & Income Fund A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
