Fund Evaluator:
Integrity High Income I (IHFIX)
Follow This Fund
Best Performing in High Yield Bond Over the Last Year
| 11.4% | Fidelity Capital & Income (FAGIX) |
| 10.5% | Fidelity Advisor Capital & Income Z (FIQTX) |
| 7.4% | American Beacon SiM High Yld Opps Inv (SHYPX) |
| 7.4% | Fidelity Advisor High Income Z (FGUMX) |
| 7.2% | Fidelity High Income (SPHIX) |
Fund Details
Integrity High Income I Overview
Integrity High Income I (IHFIX) is an actively managed Taxable Bond High Yield Bond fund. Integrity Viking Funds launched the fund in 2016.
The investment seeks a high level of current income with capital appreciation as a secondary objective. The fund invests in a group of low-quality, high-risk, high yield corporate debt obligations. Under normal circumstances, at least 80% of the fund's net assets (plus any borrowings made for investment purposes) will be invested in corporate bonds rated Baa by Moody's Investors Service ("Moody's") or BBB by S&P Global Ratings ("S&P") or lower. While there are no restrictions on maturity, the fund's portfolio generally has an average maturity of less than ten years.
About Integrity High Income I (IHFIX)
There are 2 members of the management team with an average tenure of 18.25 years: Robert Cook (2008), Thomas Hauser (2008). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Corporate High Yield TR USD index with a weighting of 100%. Integrity High Income I has 625 securities in its portfolio. The top 10 holdings constitute 9.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Integrity High Income I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Integrity High Income I has 4.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.1%. There is 0.2% allocated to foreign stock, and 0.6% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.2% (92.8% domestic bond, 4.4% foreign bond and 0.0% convertible bond). Integrity High Income I has 1.9% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $545 million average for the High Yield Bond 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.
IHFIX 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 High Income I expense ratio is high compared to funds in the High Yield Bond category. Integrity High Income I has an expense ratio of 0.84%, which is 9% lower than its category average, making the fund expense ratio grade a C. 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 High Income I has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 72% for the High Yield Bond category.
Recently, in the month of July 2026, Integrity High Income I returned -0.3%, which earned it a grade of C, as the High Yield Bond category had an average return of -0.3%. 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 High Income I has a trailing yield of 5.56%, which is below the 6.28% category average. The fund normally distributes its income monthly.
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 High Income I Grades
Year to date, the fund has returned 1.5%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 4.8% over the past year (grade of C), 7.9% over the past three years (grade of B) and 3.9% per year over the past five years (grade of C) and 5.3% per year over the past 10 years (grade of B).
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 High Income I, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
IHFIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IHFIX Return (NAV) | -0.3% | 0.2% | 4.8% | 7.9% | 3.9% | 5.3% |
| IHFIX Grade | C | D | C | B | C | B |
| +/- Category | -0.0% | -0.2% | -0.1% | 0.4% | 0.2% | 0.5% |
| High Yield Bond Avg | -0.3% | 0.4% | 4.9% | 7.5% | 3.7% | 4.8% |
| IHFIX Tax Cost Ratio | na | na | 2.2% | 2.2% | 2.1% | na |
IHFIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IHFIX Return (NAV) | 1.5% | 8.5% | 8.0% | 11.2% | -9.1% | 5.5% | 6.4% | 14.0% | -1.8% | 7.2% | 15.0% |
| IHFIX Grade | C | B | B | D | B | B | B | C | B | B | B |
| +/- Category | -0.2% | 0.7% | 0.3% | -0.7% | 1.0% | 0.4% | 1.1% | 1.0% | 0.8% | 0.5% | 1.6% |
| High Yield Bond Avg | 1.6% | 7.9% | 7.6% | 11.9% | -10.0% | 5.1% | 5.2% | 13.0% | -2.7% | 6.7% | 13.4% |
| Risk Measures | |
| Standard Deviation: | 4.0% |
| Total Risk Index: | 0.33 - Low |
| Category Risk Index: | 1.00 - Below Average |
| Category Risk Grade: | B (37% Rank) |
| Beta: | 0.61 |
| R-Squared: | 73% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na |
| Yield: | 5.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $41 Mil |
| Fund Total Assets: | $ 18 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 28% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 18.3 years | |||
| Average Tenure: 18.3 years | |||
| Managers (Year): Cook Robert (2008), Hauser Thomas (2008) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 625 |
| % in Top 10 Holdings: | 9.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.1% |
| Foreign Stock: | 0.2% |
| Preferred Stock: | 0.6% |
| Domestic Bond: | 92.8% |
| Foreign Bond: | 4.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.9% |
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 (%): | 0.84% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.92% |
| Share Class: | Integrity High Income A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
