Integrity Viking Funds has launched the Integrity Dividend Harvest Fund (IDIVX), designed to offer investors a stable source of income and the potential for capital appreciation via a portfolio focusing on dividend-paying stocks of companies that have a history of raising their dividends.

The Fund seeks to maximize total return by emphasizing high current income with long term appreciation as a secondary objective, consistent with preservation of capital. These investment objectives are non-fundamental, which means that they may be changed without shareholder vote.

To pursue its objective, the Fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in dividend-paying equity securities, including common stock and preferred stock, of companies. In addition, under normal market conditions, the Fund invests at least 65% of its net assets in equity securities that have consistently increased dividends for a period of at least 10 years.

The Fund may invest in companies of any size. In selecting securities, the Team considers a combination of factors, including, but not limited to, dividend yield, dividend growth rate, earnings growth, price-to-earnings multiples and balance sheet strength.

While the Fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The fund charges a management fee of 75 basis points.

The Portfolio Management Team emphasizes dividend yield in selecting stocks for the Fund. The Team believes that, over time, dividend income can contribute significantly to total return and is a more consistent source of investment return than capital appreciation.

"We are always looking for new, innovative ways to generate more 'total return' for our shareholders and this Fund is an ideal way to diversify and compliment the investor's asset allocation strategy," said Shannon Radke, President and CEO of Integrity Viking Funds. "We continue to develop new products and strategies for investors."