Integrity Mid-North American Resources Fund | ||||
Schedule of Investments October 31, 2022 (unaudited) | ||||
Fair | ||||
Shares |
| Value | ||
COMMON STOCKS (97.9%) | ||||
Energy (81.4%) | ||||
Shell PLC | 80,000 | $ | 3,261,440 | |
*Darling Ingredients Inc | 23,000 | 4,450,400 | ||
*Antero Resources Corp | 90,000 | 3,299,400 | ||
Archaea Energy Inc | 150,000 | 3,871,500 | ||
Baker Hughes a GE Co | 60,000 | 1,659,600 | ||
Coterra EnerCoterra Energy Inc | 100,000 | 3,113,000 | ||
Cactus Inc | 102,000 | 5,275,440 | ||
ChampionX Corp | 161,000 | 4,607,820 | ||
Cheniere Energy Inc | 77,000 | 13,583,570 | ||
Devon Energy Corp | 42,000 | 3,248,700 | ||
Diamondback Energy Inc | 70,000 | 10,997,700 | ||
EOG Resources Inc | 7,000 | 955,640 | ||
Enbridge Inc | 139,000 | 5,414,050 | ||
Excelerate Energy Inc | 80,000 | 2,209,600 | ||
Exxon Mobil Corp | 52,000 | 5,762,120 | ||
HollyFrontier Corp | 26,000 | 1,590,420 | ||
Halliburton Co | 200,000 | 7,284,000 | ||
Marathon Oil Corp | 200,000 | 6,090,000 | ||
New Fortress Energy Inc | 90,000 | 4,956,300 | ||
*NexTier Oilfield Solutions Inc | 670,000 | 6,753,600 | ||
Ovintiv Inc | 120,000 | 6,078,000 | ||
Patterson UTI Energy Inc | 190,000 | 3,353,500 | ||
Pembina Pipeline Corp | 60,000 | 1,980,600 | ||
Phillips 66 | 37,000 | 3,858,730 | ||
Pioneer Natural Resources Co | 15,000 | 3,846,150 | ||
*ProFrac Holding Corp | 75,000 | 1,643,250 | ||
Solaris Oilfield Infrastructure Inc | 160,000 | 2,179,200 | ||
TransCanada Corp | 50,000 | 2,196,000 | ||
Valero Energy Corp | 34,000 | 4,268,700 | ||
| 127,788,430 | |||
Industrials (5.6%) | ||||
*Array Technologies Inc | 120,000 | 2,172,000 | ||
Generac Holdings Inc | 15,000 | 1,738,650 | ||
*Plug Power Inc | 28,000 | 447,440 | ||
Quanta Services Inc | 14,000 | 1,988,560 | ||
*Shoals Technologies Group Inc | 36,000 | 831,960 | ||
*Sunrun Inc | 70,000 | 1,575,700 | ||
| 8,754,310 | |||
Consumer Staples (1.1%) | ||||
BP PLC ADR | 98,000 |
| 1,805,040 | |
Information Technologies (2.0%) | ||||
*Enphase Energy Inc | 4,000 | 1,228,000 | ||
*SolarEdge Technologies Inc | 8,000 | 1,840,240 | ||
| 3,068,240 | |||
Materials (3.5%) | ||||
Celanese Corp | 11,000 | 1,057,320 | ||
Olin Corp | 84,000 | 4,447,800 | ||
| 5,505,120 | |||
Utilities (4.3%) | ||||
Ameren Corp | 32,000 | 2,608,640 | ||
NextEra Energy Inc | 30,000 | 2,325,000 | ||
*Sunnova Energy International Inc | 102,000 | 1,891,080 | ||
| 6,824,720 | |||
TOTAL COMMON STOCKS (COST: $116,562,829) | $ | 153,745,860 | ||
OTHER ASSETS LESS LIABILITIES (2.1%) | $ | 3,289,252 | ||
NET ASSETS (100.0%) | $ | 157,035,112 | ||
*Non-income producing | ||||
PLC - Public Limited Company | ||||
ADR - American Depositary Receipt |
NOTE: INVESTMENT IN SECURITIES (unaudited) | |||
At October 31, 2022 the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows: | |||
Integrity Mid-North American Resources Fund | |||
Investments at cost | $116,562,829 | ||
Unrealized appreciation | $43,106,984 | ||
Unrealized depreciation | ($5,923,953) | ||
Net unrealized appreciation (depreciation)* | $37,183,031 |
NOTE: FAIR VALUE MEASUREMENTS (unaudited) | ||||
Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments.) The following is a summary of the inputs used to value the Funds’ investments as of October 31, 2022: | ||||
Integrity Mid-North American Resources Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $153,745,860 | $0 | $0 | $153,745,860 |
Total | $153,745,860 | $0 | $0 | $153,745,860 |