The fund was launched in partnership with
In November, Integrity signed an agreement with IPS to acquire management rights to the IPS Millennium and New Frontier Funds. The two funds, with combined assets of $56 million, were merged into the new Growth & Income Fund on April 25.
The new fund will continue to invest in growing, well-run companies that are undervalued, as measured by free cash flow. "This strategy allows shareholders to benefit wherever value occurs in the market, from small- to large-cap stocks, and from growth to value stocks," said IPS Advisory's Senior Portfolio Manager Robert Loest, who will continue to manage the new Growth & Income Fund.