# EDGAR Filing Document

**Accession Number:** 0000893730
**File Stem:** 0000893730-25-000198
**Filing Date:** 2025-12
**Character Count:** 39302
**Document Hash:** ac2c424dbdb65a70c2c8f16eb2db0e18
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000893730-25-000198.hdr.sgml**: 20251203

**ACCESSION NUMBER**: 0000893730-25-000198

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251203

**DATE AS OF CHANGE**: 20251203

**EFFECTIVENESS DATE**: 20251203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INTEGRITY FUNDS
- **CENTRAL INDEX KEY:** 0000893730

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-53698
- **FILM NUMBER:** 251545222

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 500
- **CITY:** MINOT
- **STATE:** ND
- **ZIP:** 58702-0500
- **BUSINESS PHONE:** 701-852-5292

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 500
- **CITY:** MINOT
- **STATE:** ND
- **ZIP:** 58702-0500

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Integrity Viking Funds
- **DATE OF NAME CHANGE:** 20130910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTEGRITY FUNDS
- **DATE OF NAME CHANGE:** 20030620

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CANANDAIGUA FUNDS
- **DATE OF NAME CHANGE:** 19980209

## Series and Classes Contracts Data

### Integrity Mid-North American Resources Fund (Series ID: S000000137)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000000304 | Integrity Mid-North American Resources Fund, Class A | ICPAX           |
| C000141437 | Integrity Mid-North American Resources Fund, Class C | ICPUX           |
| C000171906 | Integrity Mid-North American Resources Fund, Class I | ICWIX           |

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| | |
|:---|:---|
| **Integrity Mid-North American Resources Fund** | &nbsp;&nbsp; ![](x25120214482000.jpg) |
| &nbsp;&nbsp; Summary Prospectus ║ December 3, 2025 | &nbsp;&nbsp; ![](x25120214482000.jpg) |
| &nbsp;&nbsp; **Ticker:** ICPAX (Class A); ICPUX (Class C); ICWIX (Class I) | &nbsp;&nbsp; ![](x25120214482000.jpg) |

---

Before you invest, you may want to review the Fund's statutory prospectus and statement of additional information, which contain more information about the Fund and its risks. The current statutory prospectus and statement of additional information dated November 30, 2025 are incorporated by reference into this Summary Prospectus. You can find the Fund's statutory prospectus, statement of additional information, reports to shareholders, and other information about the Fund online at www.integrityvikingfunds/documents. You can also get this information at no cost by calling 800-276-1262 or by sending an email request to marketing@integrity.viking.com or from your financial professional.

**Investment Objective**

The Integrity Mid-North American Resources Fund (the "Fund") seeks to provide long-term capital appreciation.

**Fees and Expenses of the Fund**

This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. **You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below**. You may qualify for sales charge discounts with respect to purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other funds in the Integrity/Viking family of funds. More information about these and other discounts is available from your financial professional and in "The Shares Offered; Class A Shares" and "How to Reduce Your Sales Charge" on page 43 and 46, respectively, of the Fund's prospectus, Appendix A of the Fund's prospectus, and "Purchase and Redemption of Shares" on page B-53 of the Fund's statement of additional information.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Shareholder Fees** (fees paid directly from your investment) | &nbsp;&nbsp; **Shareholder Fees** (fees paid directly from your investment) | &nbsp;&nbsp; Class A<br> Shares | &nbsp;&nbsp; Class C<br> Shares | &nbsp;&nbsp; Class I<br> Shares |
| &nbsp;&nbsp; Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | &nbsp;&nbsp; Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | &nbsp;&nbsp; 5.00% |  |  |
| &nbsp;&nbsp; Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds) | &nbsp;&nbsp; Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds) | &nbsp;&nbsp; 1.00% | &nbsp;&nbsp; 1.00% |  |
| &nbsp;&nbsp; Maximum Sales Charge (Load) Imposed on Reinvested Dividends | &nbsp;&nbsp; Maximum Sales Charge (Load) Imposed on Reinvested Dividends |  |  |  |
| &nbsp;&nbsp; Redemption Fee | &nbsp;&nbsp; Redemption Fee |  |  |  |
| &nbsp;&nbsp; Exchange Fee | &nbsp;&nbsp; Exchange Fee |  |  |  |
| &nbsp;&nbsp; **Annual Fund Operating Expenses** (expenses that you pay each year as a percentage of the value of your investment) | &nbsp;&nbsp; **Annual Fund Operating Expenses** (expenses that you pay each year as a percentage of the value of your investment) | &nbsp;&nbsp; **Annual Fund Operating Expenses** (expenses that you pay each year as a percentage of the value of your investment) | &nbsp;&nbsp; **Annual Fund Operating Expenses** (expenses that you pay each year as a percentage of the value of your investment) | &nbsp;&nbsp; **Annual Fund Operating Expenses** (expenses that you pay each year as a percentage of the value of your investment) |
| &nbsp;&nbsp; Management Fees | &nbsp;&nbsp; Management Fees | &nbsp;&nbsp; 0.50% | &nbsp;&nbsp; 0.50% | &nbsp;&nbsp; 0.50% |
| &nbsp;&nbsp; Distribution and Service (12b-1) Fees | &nbsp;&nbsp; Distribution and Service (12b-1) Fees | &nbsp;&nbsp; 0.50% | &nbsp;&nbsp; 1.00% |  |
| &nbsp;&nbsp; Other Expenses | &nbsp;&nbsp; Other Expenses | &nbsp;&nbsp; <u>0.50%</u> | &nbsp;&nbsp; <u>0.51%</u> | &nbsp;&nbsp; <u>0.50%</u> |
| &nbsp;&nbsp; Total Annual Fund Operating Expenses | &nbsp;&nbsp; Total Annual Fund Operating Expenses | &nbsp;&nbsp; 1.50% | &nbsp;&nbsp; 2.01% | &nbsp;&nbsp; 1.00% |
| &nbsp;&nbsp; Fee Waivers and Expense Reimbursements<sup>(1)</sup> | &nbsp;&nbsp; Fee Waivers and Expense Reimbursements<sup>(1)</sup> | &nbsp;&nbsp; <u>0.00%</u> | &nbsp;&nbsp; <u>(0.01%)</u> | &nbsp;&nbsp; <u>0.00%</u> |
| &nbsp;&nbsp; Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements<sup>(1)</sup> | &nbsp;&nbsp; Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements<sup>(1)</sup> | &nbsp;&nbsp; 1.50% | &nbsp;&nbsp; 2.00% | &nbsp;&nbsp; 1.00% |
|  |  |  |  |  |
| &nbsp;&nbsp; <sup>(1)</sup> | &nbsp;&nbsp; The Fund's investment adviser, Viking Fund Management, LLC (the "Adviser"), has contractually agreed to waive fees and reimburse expenses through November 29, 2026 so that Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements (excluding taxes, brokerage fees, commissions, extraordinary and non-recurring expenses, and acquired fund fees and expenses) do not exceed 1.50% of average daily net assets for Class A shares, 2.00% of average daily net assets for Class C shares, and 1.00% of average daily net assets for Class I shares. This expense limitation agreement may only be terminated or modified prior to November 29, 2026 with the approval of the Fund's Board of Trustees. The terms of the expense limitation agreement provide that the Adviser is entitled to recoup such amounts waived or reimbursed for a period of up to three years from the date on which the Adviser waived fees or reimbursed expenses for the Fund. The Fund will make repayments to the Adviser only if such repayment does not cause the annual Fund operating expenses (after the repayment is taken into account) to exceed both (1) the expense limitation in place when such amounts were waived and (2) the Fund's current expense limitation. | &nbsp;&nbsp; The Fund's investment adviser, Viking Fund Management, LLC (the "Adviser"), has contractually agreed to waive fees and reimburse expenses through November 29, 2026 so that Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements (excluding taxes, brokerage fees, commissions, extraordinary and non-recurring expenses, and acquired fund fees and expenses) do not exceed 1.50% of average daily net assets for Class A shares, 2.00% of average daily net assets for Class C shares, and 1.00% of average daily net assets for Class I shares. This expense limitation agreement may only be terminated or modified prior to November 29, 2026 with the approval of the Fund's Board of Trustees. The terms of the expense limitation agreement provide that the Adviser is entitled to recoup such amounts waived or reimbursed for a period of up to three years from the date on which the Adviser waived fees or reimbursed expenses for the Fund. The Fund will make repayments to the Adviser only if such repayment does not cause the annual Fund operating expenses (after the repayment is taken into account) to exceed both (1) the expense limitation in place when such amounts were waived and (2) the Fund's current expense limitation. | &nbsp;&nbsp; The Fund's investment adviser, Viking Fund Management, LLC (the "Adviser"), has contractually agreed to waive fees and reimburse expenses through November 29, 2026 so that Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements (excluding taxes, brokerage fees, commissions, extraordinary and non-recurring expenses, and acquired fund fees and expenses) do not exceed 1.50% of average daily net assets for Class A shares, 2.00% of average daily net assets for Class C shares, and 1.00% of average daily net assets for Class I shares. This expense limitation agreement may only be terminated or modified prior to November 29, 2026 with the approval of the Fund's Board of Trustees. The terms of the expense limitation agreement provide that the Adviser is entitled to recoup such amounts waived or reimbursed for a period of up to three years from the date on which the Adviser waived fees or reimbursed expenses for the Fund. The Fund will make repayments to the Adviser only if such repayment does not cause the annual Fund operating expenses (after the repayment is taken into account) to exceed both (1) the expense limitation in place when such amounts were waived and (2) the Fund's current expense limitation. | &nbsp;&nbsp; The Fund's investment adviser, Viking Fund Management, LLC (the "Adviser"), has contractually agreed to waive fees and reimburse expenses through November 29, 2026 so that Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements (excluding taxes, brokerage fees, commissions, extraordinary and non-recurring expenses, and acquired fund fees and expenses) do not exceed 1.50% of average daily net assets for Class A shares, 2.00% of average daily net assets for Class C shares, and 1.00% of average daily net assets for Class I shares. This expense limitation agreement may only be terminated or modified prior to November 29, 2026 with the approval of the Fund's Board of Trustees. The terms of the expense limitation agreement provide that the Adviser is entitled to recoup such amounts waived or reimbursed for a period of up to three years from the date on which the Adviser waived fees or reimbursed expenses for the Fund. The Fund will make repayments to the Adviser only if such repayment does not cause the annual Fund operating expenses (after the repayment is taken into account) to exceed both (1) the expense limitation in place when such amounts were waived and (2) the Fund's current expense limitation. |

---

**Example—**This Example is intended to help you compare the cost of investing in the Fund with the costs of investing in other mutual funds. The Example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem your shares at those periods. The Example also assumes that your investment has a 5% return each year, that the Fund's operating expenses remain the same, and that the contractual expense limitation agreement remains in place for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **1 Year** | &nbsp;&nbsp; **3 Years** | &nbsp;&nbsp; **5 Years** | &nbsp;&nbsp; **10 Years** |
| &nbsp;&nbsp; **Redemption** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp; $645 | &nbsp;&nbsp; $950 | &nbsp;&nbsp; $1278 | &nbsp;&nbsp; $2201 |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp; $303 | &nbsp;&nbsp; $630 | &nbsp;&nbsp; $1082 | &nbsp;&nbsp; $2337 |
| &nbsp;&nbsp;&nbsp; Class I | &nbsp;&nbsp; $102 | &nbsp;&nbsp; $318 | &nbsp;&nbsp; $552 | &nbsp;&nbsp; $1225 |
| &nbsp;&nbsp; **No Redemption** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp; $203 | &nbsp;&nbsp; $630 | &nbsp;&nbsp; $1082 | &nbsp;&nbsp; $2337 |

---

**Portfolio Turnover—**The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal period, the Fund's portfolio turnover rate was 63.34% of the average value of its portfolio.

Summary Prospectus \| Integrity Mid-North American Resources Fund \| December 3, 2025<br> Page 1

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**Principal Investment Strategies**

Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in the stock of domestic and foreign issuers that are participating in or benefitting from the development of the resources in the Mid-North America area, encompassing the states of Arizona, Arkansas, Colorado, Illinois, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Utah, Texas, Wisconsin, and Wyoming; and the Canadian provinces of Alberta, Manitoba, and Saskatchewan (herein referred to as the "Region"). To pursue this strategy, the Fund invests primarily in companies that are (i) headquartered or maintain their principal place of business in the Region, or (ii) during the issuer's most recent fiscal year, derived at least 50% of their revenues from goods produced or sold, investments made, or services performed in the Region, or (iii) during the issuer's most recent fiscal year, have at least 50% of their assets in the Region, each as determined at the time of purchase.

The Fund may invest in companies of any size. The companies in which the Fund invests may include smaller companies that have recently commenced operations and do not have significant revenues. The Adviser will invest a significant amount of the Fund's assets (although not exclusively) in companies it believes to have investment potential in the natural resources area (primarily energy and to a lesser extent, agribusiness, precious metals, and metals and mining), as well as in the companies that serve these sectors and/or service the Region. In connection with investing in companies engaged in the energy sector, the Fund may invest in companies that engage in hydraulic fracturing (which involves the injection of water, sand and chemicals under pressure into rock formations to stimulate oil or natural gas production). The Fund will invest primarily in the securities of U.S. issuers, but it may also invest in the securities of foreign issuers. The Fund's investments in the securities of foreign issuers are typically in the form of depositary receipts, such as American Depositary Receipts ("ADRs").

The Fund's portfolio management team considers a variety of factors when choosing investments for the Fund such as: (i) identifying companies and industries that appear to have the potential for above-average long-term performance based on projections of supply and demand of a resource and the state of the market; and/or (ii) identifying companies that are expected to show above-average growth over the long term as well as those that appear to be trading below their true worth. The Fund's portfolio management team may consider selling a security if, among other considerations, its business fundamentals have deteriorated.

**Principal Risks**

***As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. Many factors affect the Fund's net asset value and performance. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.***

**Market and Economic Risk:** Market risk is the risk that one or more markets in which the Fund invests will go down in value, including the possibility that the markets will go down sharply and unpredictably. Securities may decline in value due to factors affecting the securities markets generally, such as real or perceived adverse economic conditions, changes in the general outlook for revenues or corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The value of a security may also change in value due to factors that affect an individual issuer or a particular sector or industry. During a general downtown in the securities markets, multiple asset classes may decline in value simultaneously. When markets perform well, there can be no assurance that securities held by the Fund will participate in or otherwise benefit from the advance.

**Risks of the Energy Sector:** The Fund may invest significantly in securities of companies in the energy sector. The energy sector is often cyclical and highly dependent on commodities prices. Securities prices for companies in the energy sector are affected by a variety of factors related to worldwide energy prices, exploration costs, energy conservation efforts and production spending. The performance of these companies and the prices of these securities are subject to changes in currency exchange rates, government regulation, world events and weather, depletion of natural resources and economic conditions, as well as market, economic and political risks of the countries where energy companies are located or do business. The price of oil, natural gas and other fossil fuels could decline significantly and experience significant volatility, and adversely impact companies operating in the energy sector. Further, companies in the energy sector may be at an increased risk of civil liability and environmental damage claims, and are also subject to the risk of loss from terrorism.

**Geographic or Regional Risk:** The Fund is managed to take advantage of what the Adviser views as unique opportunities within the Region. The geographic limitations of such an approach pose special risks that should be understood by investors. Geographic limitations prevent the Fund from investing in other places where the opportunities may be greater. The economy of the Region may underperform that of other areas, creating a drag on performance relative to more geographically diverse funds. Moreover, the Fund will be more susceptible to events negatively affecting the Region than more geographically diverse funds. The geographic limitation may limit the degree of business diversification of the Fund, thus making returns more volatile than in more geographically diversified investments.

**Regulatory Risk:** The Fund may invest in companies that are subject to significant federal, state, and local government regulation in virtually every aspect of their operations, including how facilities are constructed, maintained, and operated, environmental and safety controls, and the prices they may charge for the products and services they provide. Various governmental authorities have the power to enforce compliance with these regulations and the permits issued under them, and violators are subject to administrative, civil and criminal penalties, including civil fines, injunctions, or both. Stricter laws, regulations, or enforcement policies could be enacted in the future which would likely increase compliance costs and may adversely affect the operations and financial performance of a significant number of the companies in which the Fund invests.

**Risks of Legislation and Regulatory Initiatives Relating to Hydraulic Fracturing:** The Fund may invest in companies that engage in hydraulic fracturing. Federal, state, and local legislation and regulatory initiatives relating to hydraulic fracturing (also referred to as "fracking") could result in increased costs and additional operating restrictions or delays affecting a significant portion of the companies in which the Fund invests. Any federal, state or local laws, implementing regulations or other legal requirements imposing disclosure, regulatory or reporting obligations on, or otherwise limiting, the hydraulic fracturing process, may make it more difficult and expensive to perform hydraulic fracturing, which, for affected companies, could result in limitations on the productive capability of certain oil and gas wells, operational delays, and increased costs of compliance and doing business and, in addition, could adversely affect the value of such companies' securities.

Summary Prospectus \| Integrity Mid-North American Resources Fund \| December 3, 2025<br> Page 2

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**Risks of the Agribusiness Sector:** The Fund may invest in companies involved in agribusiness. Companies involved in agribusiness are subject to numerous risks, including cyclicality of revenues and earnings, economic recession, currency fluctuations, changing consumer tastes, extensive competition, weather conditions, quotas, product liability litigation, and governmental policies, regulation and subsidies. Generally, agribusiness is affected by the economic health of consumers. A weak economy and its effect on consumer spending would adversely affect agribusiness companies. Other risks of the agribusiness sector include consolidation, domestic and international politics, and excess capacity. In addition, agribusiness companies may be significantly affected by volatility of commodity prices, import controls, liability for environmental damage, depletion of resources, and mandated expenditures for safety and pollution control devices.

**Style Risk:** The Fund is managed according to an investment strategy that at times reflects either growth or value style investing, and therefore is subject to the risks associated with these styles. One risk is that a growth investing style may fall out of favor with investors for a period of time during which the Fund may underperform other funds that employ a different style. In addition, growth stocks typically are more volatile than value stocks due to their relatively high valuations and sensitivity to investor perceptions of the issuer's growth potential. As a result, the price of a growth stock may experience a larger decline on a forecast of lower earnings or other negative development, than would a value stock. Furthermore, because the value of growth companies is a function of their expected earnings growth, there is a risk that such earnings growth may not occur or cannot be sustained. Value stocks may continue to be undervalued by the market for extended periods, including the entire period during which the stock is held by the Fund. Additionally, the events that the Adviser believed would cause the stock price to increase may not occur as anticipated or at all. Moreover, a stock judged to be undervalued actually may be appropriately priced at a low level.

**Sector and Sector Weightings Risk:** Market conditions, interest rates, and economic, regulatory, or financial developments could significantly affect a single sector and the securities of companies in that sector could react similarly to these or other developments. Since the Fund invests significantly in relatively few sectors, primarily the energy sector, it has more exposure to the price movements of this sector than funds that diversify their investments among many sectors.

**Risks of Foreign Securities (including Depositary Receipts):** The Fund may invest in securities of non- U.S. issuers, which have special risks. These risks include international economic and political developments, foreign government actions including restrictions on payments to non-domestic persons such as the Fund, less regulation, less information, currency fluctuations, and interruptions in currency flow. The Fund's investments in foreign securities are typically in the form of sponsored or unsponsored depositary receipts, such as ADRs, which are subject to risks similar to those associated with other foreign securities. In addition, ownership of unsponsored depositary receipts may not entitle the Fund to financial and other reports from the issuer of the underlying security and certain costs related to the receipts that would otherwise be borne by the issuer of a sponsored depositary receipt may be passed through, in whole or in part, to holders of unsponsored receipts. Moreover, investments in depositary receipts may be less liquid and more volatile than the underlying shares in their primary trading market. If a depositary receipt is denominated in a different currency than its underlying securities, the Fund will be subject to the currency risk of both the investment in the depositary receipt and the underlying security. Any distributions paid to the holders of depositary receipts are usually subject to a fee charged by the depositary. Holders of depositary receipts may have limited voting rights, and investment restrictions in certain countries may adversely impact the value of depositary receipts because such restrictions may limit the ability to convert the equity shares into depositary receipts and vice versa. Such restrictions may cause the equity shares of the underlying issuer to trade at a discount or premium to the market price of the depositary receipts.

**Liquidity Risk:** Certain securities in which the Fund invests may be less readily marketable and may be subject to greater fluctuation in price than other securities. These features may make it more difficult to sell or buy a security at a favorable price or time.

**Risks of Investments in Smaller Companies:** The securities of mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price. Both mid-capitalization and small-capitalization companies often have narrower markets and more limited managerial and financial resources than more established companies. As a result, their performance can be more volatile and they face greater risk of business failure, which could increase the volatility of the Fund's portfolio. Generally, the smaller the company size, the greater these risks become.

**Valuation Risk:** The sales price the Fund could receive for any particular portfolio investment may differ from the Fund's valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair value methodology.

**Cybersecurity Risk:** Cybersecurity breaches may allow an unauthorized party to gain access to Fund assets, customer data, or proprietary information, or cause the Fund and/or its service providers to suffer data corruption or lose operational functionality. The Fund's share price may decline as a result of unauthorized actions taken during a security breach or subsequent market activity in response to the security breach.

**Renewables Risk:** The Fund may invest in companies involved in renewable and alternative energy sources such as solar, wind, and biofuels. The renewable energy industry is subject to risks including changes in government policies and subsidies, technological developments, supply chain constraints, competition from traditional energy, and weather variability. These factors can cause significant volatility in the value of renewable energy securities and may adversely affect the Fund's performance.

Summary Prospectus \| Integrity Mid-North American Resources Fund \| December 3, 2025<br> Page 3

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**Artificial Intelligence/Data Center Risk:** The Fund may have exposure to companies affected by the growth of artificial intelligence ("AI") and data centers, which are major energy consumers. Rapid expansion in these areas may drive unpredictable changes in energy demand, regulation, and infrastructure needs. Companies serving or depending on data centers may face risks from rising energy costs, grid pressures, and environmental policies, while slower AI adoption or efficiency gains could reduce demand growth, creating volatility for the Fund's investments.

**Fund Performance**

The following bar chart and table provide some indication of the risks of investing in the Fund. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at <u>www.integrityvikingfunds.com</u> or by calling 800-276-1262.

Effective as of November 29, 2019, the Fund changed its name from the Williston Basin/Mid-North America Stock Fund to the Integrity Mid-North American Resources Fund.

The bar chart below shows the variability of the Fund's performance from year to year for Class A shares. The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown.

![](x25120214482000.gif)

During the ten-year period shown in the bar chart, the highest return for a quarter was 35.51% (quarter ended December 31, 2020) and the lowest return for a quarter was -50.28% (quarter ended March 31, 2020). The Fund's calendar year-to-date total return as of September 30, 2025 was 17.59%.

The table below shows the Fund's average annual total returns for 1, 5, and 10 years for Class A and C shares, and for 1 year, 5 years, and since inception for Class I shares, and how they compare with those of a broad measure of market performance as well as a more specialized index comprised of companies included in the S&P Composite 1500 that are members of the energy sector. The return information below reflects applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of any state and local taxes. After-tax returns are shown for Class A shares only; after-tax returns for Class C and Class I shares will vary. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-advantaged arrangements, such as 401(k) plans or individual retirement accounts ("IRAs").

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Average Annual Total Returns**<br> (for the periods ended December 31, 2024) | &nbsp;&nbsp; **Average Annual Total Returns**<br> (for the periods ended December 31, 2024) | &nbsp;&nbsp; **Average Annual Total Returns**<br> (for the periods ended December 31, 2024) | &nbsp;&nbsp; **Average Annual Total Returns**<br> (for the periods ended December 31, 2024) | &nbsp;&nbsp; **Average Annual Total Returns**<br> (for the periods ended December 31, 2024) | &nbsp;&nbsp; **Average Annual Total Returns**<br> (for the periods ended December 31, 2024) |
|  |  | &nbsp;&nbsp; **<u>1 Year</u>** | &nbsp;&nbsp; **<u>5 Years</u>** | &nbsp;&nbsp; **<u>10 Years</u>** | &nbsp;&nbsp; **<u>Since Inception</u>** |
| &nbsp;&nbsp; **Class A** | &nbsp;&nbsp; **Class A** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Return Before Taxes | &nbsp;&nbsp;&nbsp;&nbsp; Return Before Taxes | &nbsp;&nbsp; 11.58% | &nbsp;&nbsp; 7.41% | &nbsp;&nbsp; 0.72% | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Return After Taxes on Distributions | &nbsp;&nbsp;&nbsp;&nbsp; Return After Taxes on Distributions | &nbsp;&nbsp; 11.46% | &nbsp;&nbsp; 7.41% | &nbsp;&nbsp; 0.65% | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Return After Taxes on Distributions and Sale of Fund Shares | &nbsp;&nbsp;&nbsp;&nbsp; Return After Taxes on Distributions and Sale of Fund Shares | &nbsp;&nbsp; 9.00% | &nbsp;&nbsp; 6.10% | &nbsp;&nbsp; 0.67% | &nbsp;&nbsp; — |
| &nbsp;&nbsp; **Class C** *(inception date: May 1, 2014)* | &nbsp;&nbsp; **Class C** *(inception date: May 1, 2014)* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Return Before Taxes | &nbsp;&nbsp;&nbsp;&nbsp; Return Before Taxes | &nbsp;&nbsp; 15.83% | &nbsp;&nbsp; 7.93% | &nbsp;&nbsp; 0.74% | &nbsp;&nbsp; — |
| &nbsp;&nbsp; **Class I** *(inception date: August 1, 2016)* | &nbsp;&nbsp; **Class I** *(inception date: August 1, 2016)* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Return Before Taxes | &nbsp;&nbsp;&nbsp;&nbsp; Return Before Taxes | &nbsp;&nbsp; 18.11% | &nbsp;&nbsp; 9.03% | &nbsp;&nbsp; — | &nbsp;&nbsp; 4.39% |
| &nbsp;&nbsp; **S&P Composite 1500® Index**<sup>(1)</sup> (reflects no deduction for fees, expenses, or taxes) | &nbsp;&nbsp; **S&P Composite 1500® Index**<sup>(1)</sup> (reflects no deduction for fees, expenses, or taxes) | &nbsp;&nbsp; 23.95% | &nbsp;&nbsp; 14.13% | &nbsp;&nbsp; 12.79% | &nbsp;&nbsp; 14.18% (Class I) |
| &nbsp;&nbsp; **S&P Composite 1500® Energy Index**<sup>(2)</sup> (reflects no deduction for fees, expenses, or taxes) | &nbsp;&nbsp; **S&P Composite 1500® Energy Index**<sup>(2)</sup> (reflects no deduction for fees, expenses, or taxes) | &nbsp;&nbsp; 5.98% | &nbsp;&nbsp; 12.11% | &nbsp;&nbsp; 4.34% | &nbsp;&nbsp; 7.17% (Class I) |
| &nbsp;&nbsp; <sup>(1)</sup> | &nbsp;&nbsp; The S&P Composite 1500® Index combines three leading indices, the S&P 500®, the S&P MidCap 400®, and the S&P SmallCap 600®, to cover approximately 90% of U.S. market capitalization. It is designed for investors seeking to replicate the performance of the U.S. equity market or benchmark against a representative universe of tradable stocks.  | &nbsp;&nbsp; The S&P Composite 1500® Index combines three leading indices, the S&P 500®, the S&P MidCap 400®, and the S&P SmallCap 600®, to cover approximately 90% of U.S. market capitalization. It is designed for investors seeking to replicate the performance of the U.S. equity market or benchmark against a representative universe of tradable stocks.  | &nbsp;&nbsp; The S&P Composite 1500® Index combines three leading indices, the S&P 500®, the S&P MidCap 400®, and the S&P SmallCap 600®, to cover approximately 90% of U.S. market capitalization. It is designed for investors seeking to replicate the performance of the U.S. equity market or benchmark against a representative universe of tradable stocks.  | &nbsp;&nbsp; The S&P Composite 1500® Index combines three leading indices, the S&P 500®, the S&P MidCap 400®, and the S&P SmallCap 600®, to cover approximately 90% of U.S. market capitalization. It is designed for investors seeking to replicate the performance of the U.S. equity market or benchmark against a representative universe of tradable stocks.  | &nbsp;&nbsp; The S&P Composite 1500® Index combines three leading indices, the S&P 500®, the S&P MidCap 400®, and the S&P SmallCap 600®, to cover approximately 90% of U.S. market capitalization. It is designed for investors seeking to replicate the performance of the U.S. equity market or benchmark against a representative universe of tradable stocks.  |
|  |  |  |  |  |  |
| &nbsp;&nbsp; <sup>(2)</sup> | &nbsp;&nbsp; The S&P Composite 1500® Energy Index comprises those companies included in in the S&P 1500® TR Index that are classified as members of the GICS® energy sector. | &nbsp;&nbsp; The S&P Composite 1500® Energy Index comprises those companies included in in the S&P 1500® TR Index that are classified as members of the GICS® energy sector. | &nbsp;&nbsp; The S&P Composite 1500® Energy Index comprises those companies included in in the S&P 1500® TR Index that are classified as members of the GICS® energy sector. | &nbsp;&nbsp; The S&P Composite 1500® Energy Index comprises those companies included in in the S&P 1500® TR Index that are classified as members of the GICS® energy sector. | &nbsp;&nbsp; The S&P Composite 1500® Energy Index comprises those companies included in in the S&P 1500® TR Index that are classified as members of the GICS® energy sector. |

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Summary Prospectus \| Integrity Mid-North American Resources Fund \| December 3, 2025<br> Page 4

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**Management**

**Investment Adviser—**Viking Fund Management, LLC is the Fund's investment adviser.

**Portfolio Managers—**Shannon D. Radke, Senior Portfolio Manager and President of Viking Fund Management, LLC, has served as the Fund's portfolio manager since February 2010. Michael Morey, Portfolio Manager, has served as the Fund's portfolio manager since May 2013.

**Purchase and Sale of Fund Shares**

You may purchase, redeem, or exchange shares of the Fund on any day the New York Stock Exchange is open for business. You may purchase, redeem, or exchange shares of the Fund either through a financial advisor or directly from the Fund.

The minimum initial purchase or exchange into the Fund is $1,000 ($50 for accounts opened through an automatic investment plan account and $250 for an IRA account). The minimum subsequent investment is $50. The Fund may, however, accept investments of smaller initial or subsequent amounts at its discretion. Class I shares are not available for IRAs or employer sponsored IRAs, unless purchased through a fee-based advisory account with a financial intermediary. You may contact the Fund's transfer agent, Integrity Fund Services, LLC, by mail at PO Box 759, Minot, ND 58702, or by calling 800-601-5593.

**Tax Information**

The Fund's distributions will generally be taxed as ordinary income or capital gains, unless you are investing through a tax-advantaged arrangement, such as a 401(k) plan or an IRA. Such tax-advantaged arrangements may be taxed later upon a withdrawal from those arrangements.

**Payments to Broker-Dealers and Other Financial Intermediaries**

If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary's website for more information.

Summary Prospectus \| Integrity Mid-North American Resources Fund \| December 3, 2025<br> Page 5