INTEGRITY DIVIDEND HARVEST FUND | ||||
Schedule of Investments April 30, 2023 (unaudited) | ||||
Fair | ||||
Shares |
| Value | ||
COMMON STOCKS (98.8%) | ||||
Communication Services (7.1%) | ||||
AT&T Inc | 380,000 | $ | 6,714,600 | |
BCE Inc | 125,000 | 6,008,750 | ||
Verizon Communications Inc | 280,000 | 10,872,400 | ||
| 23,595,750 | |||
Consumer Discretionary (5.7%) | ||||
Genuine Parts Co | 15,000 | 2,524,650 | ||
Home Depot Inc/The | 18,000 | 5,409,720 | ||
McDonald's Corp | 9,000 | 2,661,750 | ||
Target Corp | 28,000 | 4,417,000 | ||
Whirlpool Corp | 27,000 | 3,768,930 | ||
| 18,782,050 | |||
Consumer Staples (15.2%) | ||||
Altria Group Inc | 90,000 | 4,275,900 | ||
British American Tobacco PLC ADR | 160,000 | 5,928,000 | ||
Coca Cola Co/The | 113,000 | 7,248,950 | ||
Kimberly Clark Corp | 63,000 | 9,128,070 | ||
PepsiCo Inc | 55,000 | 10,498,950 | ||
Philip Morris International Inc | 84,000 | 8,397,480 | ||
Procter & Gamble Co/The | 30,000 | 4,691,400 | ||
| 50,168,750 | |||
Energy (10.5%) | ||||
Coterra EnerCoterra Energy Inc | 142,000 | 3,635,200 | ||
Diamondback Energy Inc | 44,000 | 6,256,800 | ||
Enbridge Inc | 170,000 | 6,759,200 | ||
Exxon Mobil Corp | 53,000 | 6,272,020 | ||
Pioneer Natural Resources Co | 29,000 | 6,308,950 | ||
TransCanada Corp | 130,000 | 5,400,200 | ||
| 34,632,370 | |||
Financials (15.4%) | ||||
Allstate Corp/The | 48,000 | 5,556,480 | ||
Bank of America Corp | 170,000 | 4,977,600 | ||
BlackRock Inc | 10,000 | 6,712,000 | ||
JPMorgan Chase & Co | 81,000 | 11,197,440 | ||
Morgan Stanley | 75,000 | 6,747,750 | ||
Old Republic International Corp | 110,000 | 2,779,700 | ||
PNC Financial Services Group Inc/The | 21,000 | 2,735,250 | ||
Prudential Financial Inc | 64,000 | 5,568,000 | ||
US Bancorp | 135,000 | 4,627,800 | ||
| 50,902,020 | |||
Health Care (14.0%) | ||||
AbbVie Inc | 131,000 | 19,796,720 | ||
Bristol Myers Squibb Co | 78,000 | 5,208,060 | ||
Johnson & Johnson | 38,000 | 6,220,600 | ||
Merck & Co Inc | 77,000 | 8,891,190 | ||
Pfizer Inc | 164,000 | 6,377,960 | ||
| 46,494,530 | |||
Industrials (4.0%) | ||||
Caterpillar Inc | 17,000 | 3,719,600 | ||
Illinois Tool Works Inc | 14,000 | 3,387,160 | ||
Lockheed Martin Corp | 7,000 | 3,251,150 | ||
3M Co | 17,000 | 1,805,740 | ||
United Parcel Service Inc | 6,000 | 1,078,860 | ||
| 13,242,510 | |||
Information Technology (13.8%) | ||||
Broadcom Inc | 35,500 | 22,240,750 | ||
International Business Machines Corp | 35,000 | 4,424,350 | ||
QUALCOMM Inc | 68,000 | 7,942,400 | ||
Skyworks Solutions Inc | 40,000 | 4,236,000 | ||
Texas Instruments Inc | 41,000 | 6,855,200 | ||
| 45,698,700 | |||
Materials (2.6%) |
|
| ||
Air Products & Chemicals Inc | 12,000 | 3,532,320 | ||
LyondellBasell Industries NV | 54,000 |
| 5,108,940 | |
| 8,641,260 | |||
Utilities (10.5%) | ||||
AES Corp/The | 160,000 | 3,785,600 | ||
American Electric Power Co Inc | 82,000 | 7,578,440 | ||
Dominion Resources Inc/VA | 105,000 | 5,999,700 | ||
Duke Energy Corp | 48,000 | 4,746,240 | ||
Entergy Corp | 58,000 | 6,239,640 | ||
NextEra Energy Inc | 85,000 | 6,513,550 | ||
| 34,863,170 | |||
TOTAL COMMON STOCKS (COST: $298,144,999) | $ | 327,021,110 | ||
SHORT-TERM INVESTMENTS (0.6%) | ||||
Morgan Stanley Institutional Liquidity Fund, 4.78% (a) | 1,833,322 |
| 1,833,322 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $1,833,322) | $ | 1,833,322 | ||
TOTAL INVESTMENTS (Cost $299,978,321) (99.4%) | 328,854,432 | |||
OTHER ASSETS LESS LIABILITIES (0.6%) | $ | 1,997,156 | ||
NET ASSETS (100.0%) | $ | 330,851,588 | ||
PLC - Public Limited Company | ||||
ADR - American Depositary Receipt | ||||
(a) Seven day yield as of April 30, 2023. |
NOTE: INVESTMENT IN SECURITIES (unaudited) | |||
At April 30, 2023 the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows: | |||
Integrity Dividend Harvest Fund | |||
Investments at cost | $299,978,321 | ||
Unrealized appreciation | 40,962,165 | ||
Unrealized depreciation | (12,086,054) | ||
Net unrealized appreciation (depreciation)* | 28,876,111 | ||
*Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of wash sales and market discount. |
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 April 30, 2023: | ||||
Integrity Dividend Harvest Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $327,021,110 | $0 | $0 | $327,021,110 |
Short-Term Investments | 1,833,322 | 0 | 0 | 1,833,322 |
Total | $328,854,432 | $0 | $0 | $328,854,432 |