THE INTEGRITY FUNDS MANAGEMENT FEE WAIVER and EXPENSE REIMBURSEMENT AGREEMENT
THE INTEGRITY FUNDS
MANAGEMENT FEE WAIVER and EXPENSE REIMBURSEMENT AGREEMENT
AGREEMENT, effective commencing on April 30, 2017 between Viking Fund Management, LLC, (the “Adviser”) and The Integrity Funds (the “Trust”) on behalf of each series of the Trust (each a “Fund” or collectively the “Funds”).
WHEREAS, the Trust currently retains the Adviser to render investment advisory services to the Funds, and the Adviser is willing to furnish such services to the Funds;
NOW THEREFORE, in consideration of the promises and mutual covenants contained in the Investment Advisory Agreement between the parties and herein, it is agreed between the Funds and the Adviser that the Adviser agrees to waive its management fee and reimburse expenses, other than taxes, brokerage fees, commissions, extraordinary or non-recurring expenses and acquired fund fees and expenses with respect to:
|
|
|
|
|
|
1. |
The Williston Basin Mid-North America Stock Fund through April 29, 2018, so that Net Annual Operating Expenses of the Fund do not exceed 1.50% for Class A shares and 2.00% for Class C shares. |
|
|
|
|
|
|
2. |
The Integrity Growth & Income Fund through April 29, 2018, so that Net Annual Operating Expenses of the Fund do not exceed 1.25% for Class A shares and 2.00% for Class C shares. |
|
|
|
|
|
|
3. |
The Integrity High Income Fund through April 29, 2018, so that Net Annual Operating Expenses of the Fund do not exceed 1.15% for Class A shares and 1.90% for Class C shares. |
|
|
|
|
|
|
4. |
The Integrity Dividend Harvest Fund through April 29, 2018, so that Net Annual Operating Expenses of the Fund do not exceed 0.95% for Class A shares and 1.70% for Class C shares. |
|
|
|
|
|
|
5. |
The Integrity Energized Dividend Fund through April 29, 2018, so that Net Annual Operating Expenses of the Fund do not exceed 1.05% for Class A shares and 1.80% for Class C shares. |
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of April 28, 2017.
|
THE INTEGRITY FUNDS |
|
VIKING FUND MANAGEMENT, LLC | ||
|
By: |
/s/ Xxxxxxx X. Xxxxx |
|
By: |
/s/ Xxxxxxx X. Xxxxx |
|
|
President |
|
|
President |
