Principal

Fair

Amount

Value

MORTGAGE BACKED SECURITIES (95.1%)

Fannie Mae Pool (15.4%)

(a) FN 47935 4.896% 5/1/2027 (ECOFC 1 Month + 1.254%)

 102

$

 101

FN 252284 6.5% 1/1/2029

 9,685

 9,794

FN 555326 5.5% 4/1/2033

 31,528

 31,951

(a) FN 748375 5.745% 8/1/2033 (RFUCCT 1 Year + 0.995%)

 160

 161

FN DA0007 5.5% 9/1/2053

 125,526

 126,675

FN DF1907 5% 10/1/2050

 862,509

 852,218

FN BY3768 6.5% 7/1/2053

 97,036

 100,995

FN CA6065 3% 6/1/2050

 114,591

 99,065

FN CB3606 3.5% 5/1/2052

 316,382

 288,592

FN CB5316 6% 12/1/2052

 305,711

 313,952

FN FA4147 5% 1/1/2056

 596,128

 589,883

FN FS3411 6% 1/1/2053

 172,640

 177,168

FN FS4041 5.5% 3/1/2053

 424,047

 428,720

FN FS4979 5.5% 5/1/2053

 324,559

 328,065

FN FS6931 5.5% 1/1/2053

 248,092

 250,833

FN FS9303 6% 10/1/2054

 305,296

 312,690

FN FS9447 6% 12/1/2053

 358,255

 368,090

FN 888073 5.5% 2/1/2035

 5,992

 6,085

FN MA3067 3.5% 7/1/2047

 89,342

 80,875

FN MA4891 5.5% 12/1/2042

 148,943

 152,430

FN MA4935 6% 2/1/2043

 107,054

 109,257

FN MA5031 7% 4/1/2053

 62,809

 65,491

FN MA5107 5.5% 8/1/2053

 180,064

 181,735

FN MA5552 5% 12/1/2054

 267,138

 263,654

FN MA5530 5% 11/1/2054

 749,165

 739,413

FN MA5585 5% 1/1/2055

 382,900

 377,777

 6,255,670

Fannie Mae Real Estate Mortgage Investment Conduit (5.5%)

FNR 2020-95 DA 2% 7/25/2041

 209,084

 198,880

FNR 2023-14 E 6% 6/25/2048

 371,289

 375,807

FNR 2024-24 AB 5.5% 8/25/2050

 142,354

 143,317

FNR 2025-4 D 5.5% 7/25/2052

 136,264

 137,555

(a) FNR 2025-2 FD 5.64516% 2/25/2055 (SOFR 30 Day Average + 2.000%)

 176,776

 180,430

FNR 2025-70 GD 5% 7/25/2055

 660,000

 646,580

(a) FNR 2006-33 CF 4.05964% 5/25/2036 ((SOFR 30 Day Average + 0.11448%) + 0.300%)

 231,719

 230,065

(a) FNR 2009-46 FB 4.45964% 6/25/2039 ((SOFR 30 Day Average + 0.11448%) + 0.700%)

 278,524

 279,584

(a) FNR 2010-35 KF 4.25964% 4/25/2040 ((SOFR 30 Day Average + 0.11448%) + 0.500%)

 28,272

 28,265

 2,220,483

Fannie Mae Alternative Credit Enhancement Securities (2.5%)

(b)(c) FNA 2019-M23 X2 0.35732% 2/25/2031

 25,897,622

 151,755

(b)(c) FNA 2019-M32 X2 1.24708% 10/25/2029

 3,953,694

 107,249

(b)(c) FNA 2020-M10 X6 1.49659% 8/25/2028

 3,243,959

 80,038

(b)(c) FNA 2020-M17 X1 1.52267% 1/25/2028

 13,909,287

 180,310

(b)(c) FNA 2020-M27 X 0.89849% 5/25/2050

 4,101,324

 150,061

(b)(c) FNA 2020-M43 X1 1.967496% 8/25/2034

 2,659,157

 131,743

(b)(c) FNA 2025-M4 X 0.69231% 8/25/2035

 4,990,866

 207,086

 1,008,242

Freddie Mac Pool (20.6%)

(e) FR SC0699 5% 6/1/2045

 420,773

 419,608

FR SD2578 6% 3/1/2053

 193,960

 200,180

FR SD3475 5.5% 8/1/2053

 392,610

 398,833

FR SD3518 5.5% 7/1/2053

 231,834

 234,176

FR SD3553 6% 7/1/2053

 284,198

 292,327

FR SD6265 5.5% 6/1/2054

 336,182

 338,213

FR SD6337 6% 9/1/2054

 252,991

 260,228

FR SD8300 5.5% 2/1/2053

 296,878

 299,733

FR SD8316 5.5% 4/1/2053

 119,687

 120,797

FR SD8446 5.5% 7/1/2054

 120,755

 121,544

FR SD8452 5% 8/1/2054

 871,819

 860,559

FR SD8474 5% 11/1/2054

 721,325

 711,871

FR SD8491 5% 12/1/2054

 310,291

 306,244

FR QF7098 5.5% 2/1/2053

 410,052

 413,657

FR QF6560 5.5% 1/1/2053

 325,366

 330,463

FR QF8450 6% 3/1/2053

 73,986

 75,717

FR QU8138 6% 9/1/2053

 279,138

 283,021

FR RB5375 5.5% 11/1/2045

 191,693

 193,712

FR RB5221 6% 2/1/2043

 234,249

 239,303

FR SL2038 5% 11/1/2054

 332,955

 328,698

FR SL3546 5.5% 12/1/2050

 970,789

 976,648

FR TA7109 5% 3/1/2051

 597,977

 591,015

FR TA6761 5% 2/1/2051

 398,134

 393,498

 8,390,045

Freddie Mac Gold Pool (0.4%)

FG G01584 5% 8/1/2033

 15,980

 16,126

FG NB0014 3.5% 4/1/2049

 140,047

 127,825

FG H09207 6.5% 8/1/2038

 7,477

 7,608

 151,559

Freddie Mac Multifamily Structured Pass Through Certificates (2.9%)

(b) FHMS Q004 A2H 5.775473% 1/25/2046

 51,642

 51,448

(b)(c) FHMS K078 XAM 0.149693% 6/25/2028

 33,580,000

 54,742

(b) FHMS Q007 APT1 6.104271% 10/25/2047

 10,734

 10,754

(b)(c) FHMS K736 X1 1.369224% 7/25/2026

 3,901,369

 3,588

(b)(c) FHMS K738 X1 1.58881% 1/25/2027

 1,719,506

 11,114

(b)(c) FHMS K115 X1 1.410876% 6/25/2030

 1,366,484

 62,659

(b)(c) FHMS Q016 XPT1 0.981% 5/25/2026

 2,768,091

 63

(b)(c) FHMS K507 X1 0.260659% 9/25/2028

 31,757,180

 101,941

(b)(c) FHMS K514 X1 1.159386% 12/25/2028

 3,782,680

 85,869

(b)(c) FHMS KS16 X 1.393528% 1/25/2032

 6,800,000

 330,548

(b)(c) FHMS Q037 X 0.777129% 12/25/2030

 19,909,934

 484,520

 1,197,246

Freddie Mac Non Gold Pool (1.0%)

(a) FH 841824 5.705% 10/1/2054 (SOFR 30 Day Average + 2.231%)

 408,000

 414,124

 414,124

Freddie Mac Real Estate Mortgage Investment Conduit (7.4%)

FHR 2344 ZD 6.5% 8/15/2031

 3,521

 3,644

(a) FHR 3843 F 4.08428% 4/15/2041 ((SOFR 30 Day Average + 0.11448%) + 0.330%)

 142,037

 141,297

(a) FHR 4238 FD 4.05428% 2/15/2042 ((SOFR 30 Day Average + 0.11448%) + 0.300%)

 143,125

 142,869

(e) FHR 5016 DA 2% 7/25/2044

 300,197

 280,659

(a) FHR 5080 BF 3% 12/25/2049 (SOFR 30 Day Average + 0.250%)

 493,373

 422,330

FHR 5420 KB 6% 4/25/2050

 500,000

 508,052

FHR 5423 A 5% 11/25/2050

 42,363

 42,303

FHR 5474 CB 5% 8/25/2051

 809,208

 808,112

FHR 5500 GN 5.5% 5/25/2051

 204,488

 205,493

(a) FHR 2801 FG 4.20428% 7/15/2032 ((SOFR 30 Day Average + 0.11448%) + 0.450%)

 235,694

 235,124

(a) FHR 3117 TA 4.75428% 2/15/2036 ((SOFR 30 Day Average + 0.11448%) + 1.000%)

 232,835

 224,734

 3,014,617

Freddie Mac Small Balance Loan Mortgage Trust (0.2%)

(a) FRESB 2016-SB13 A5H 4.46669% 1/25/2036 ((SOFR 30 Day Average + 0.11448%) + 0.700%)

 59,640

 59,379

(a) FRESB 2016-SB16 A5H 4.46669% 5/25/2036 ((SOFR 30 Day Average + 0.11448%) + 0.700%)

 31,937

 31,733

 91,112

Ginnie Mae II Pool (10.6%)

G2 MA8681 6.5% 1/20/2053

 218,835

 226,354

G2 MA9174 7% 9/20/2053

 33,327

 34,615

G2 MA9478 7% 2/20/2054

 58,309

 59,492

G2 DL7650 7% 9/20/2055

 248,593

 256,464

G2 DL9744 7% 9/20/2055

 297,585

 302,017

(a) G2 MB0885 5.5% 1/20/2056 (H15T 1 Year + 1.500%)

 754,254

 763,876

G2 MB0194 6.5% 2/20/2055

 368,078

 380,728

G2 MB0195 7% 2/20/2055

 204,478

 207,819

G2 MB0249 7% 2/20/2055

 386,988

 393,370

G2 MB0298 7% 4/20/2055

 297,212

 302,826

(a) G2 MB0435 5.5% 6/20/2055 (H15T 1 Year + 1.500%)

 278,301

 280,689

G2 MB0474 6.5% 7/20/2055

 219,381

 226,126

(e) G2 MB0475 7% 7/20/2055

 397,249

 405,545

(e) G2 MB0986 6% 3/20/2056

 451,340

 454,946

 4,294,867

Government National Mortgage Association (28.5%)

(a) GNR 2015-H27 FA 4.52863% 9/20/2065 ((TSFR 1 Month Average + 0.11448%) + 0.750%)

 52,163

 52,299

(b)(c) GNR 2013-15 IO 0.63376% 8/16/2051

 977,723

 21,314

(b)(c) GNR 2013-33 IO 0.14513% 4/16/2054

 4,713,982

 7,955

(b)(c) GNR 2014-73 IO 0.34058% 4/16/2056

 2,004,353

 19,010

(b)(c) GNR 2014-16 IO 0.38446% 6/16/2055

 11,182,957

 165,077

(b)(c) GNR 2015-130 IO 0.66673% 7/16/2057

 1,228,282

 39,775

(b)(c) GNR 2017-127 IO 0.54411% 2/16/2059

 4,246,349

 142,008

(b)(c) GNR 2017-143 IO 0.47784% 1/16/2059

 2,344,913

 58,909

(b)(c) GNR 2017-76 IO 0.74328% 12/16/2056

 1,341,620

 59,362

(b)(c) GNR 2017-28 IO 0.64587% 2/16/2057

 1,383,348

 47,120

(b)(c) GNR 2016-52 IO 0.73373% 3/16/2058

 3,405,599

 120,365

(b)(c) GNR 2016-158 IO 0.74053% 6/16/2058

 1,973,685

 66,750

(b)(c) GNR 2016-94 IO 0.73839% 12/16/2057

 4,709,071

 138,706

(b)(c) GNR 2018-2 IO 0.70198% 12/16/2059

 3,259,969

 134,387

(b)(c) GNR 2018-74 IO 0.29557% 3/16/2060

 4,703,381

 77,090

(b)(c) GNR 2019-53 IA 0.74917% 6/16/2061

 2,903,667

 140,317

(b)(c) GNR 2019-7 IO 0.9057% 1/16/2061

 5,221,081

 335,240

(b)(c) GNR 2018-108 IA 0.68153% 8/16/2060

 854,031

 48,382

(b)(c) GNR 2018-119 IO 0.68453% 5/16/2060

 630,047

 34,168

(b)(c) GNR 2018-140 IO 0.67487% 7/16/2060

 3,039,729

 164,042

(b)(c) GNR 2020-40 IO 0.87512% 1/16/2062

 5,579,635

 323,752

(b)(c) GNR 2019-75 IO 0.85188% 12/16/2060

 2,745,355

 157,360

(b)(c) GNR 2019-156 IO 0.56153% 11/16/2061

 2,374,588

 94,231

(b)(c) GNR 2020-132 IO 0.85086% 9/16/2062

 3,613,274

 220,867

(b)(c) GNR 2020-52 IO 0.80476% 10/16/2062

 3,215,531

 198,486

(b)(c) GNR 2020-87 AI 1.87096% 5/16/2060

 737,692

 86,395

(b)(c) GNR 2020-121 IO 0.87769% 8/16/2060

 3,857,011

 237,752

(b)(c) GNR 2021-H11 IY 0.28289% 7/20/2071

 2,508,461

 75,184

(b)(c) GNR 2020-H19 SI 1.47815% 10/20/2070

 425,429

 11,226

(b)(c) GNR 2021-H06 YI 1.03073% 4/20/2071

 1,633,671

 95,204

(a) GNR 2021-H08 VF 4.84014% 4/20/2071 (SOFR 30 Day Average + 1.200%)

 197,485

 200,451

(b)(c) GNR 2021-63 IO 0.81557% 4/16/2061

 3,982,957

 232,775

(b)(c) GNR 2021-68 IO 0.87754% 10/16/2062

 1,508,315

 92,475

(b)(c) GNR 2021-47 IO 0.99237% 3/16/2061

 1,031,792

 66,862

(b)(c) GNR 2020-157 IO 0.93418% 6/16/2062

 3,520,842

 233,994

(b)(c) GNR 2020-168 IA 0.97454% 12/16/2062

 9,050,563

 631,098

(b)(c) GNR 2020-177 IO 0.82196% 6/16/2062

 1,535,961

 86,697

(b)(c) GNR 2021-52 IO 0.72247% 4/16/2063

 2,288,494

 119,907

(b)(c) GNR 2020-190 IO 1.05119% 11/16/2062

 1,696,154

 127,238

(b)(c) GNR 2021-51 IO 1.02049% 10/16/2062

 1,968,811

 137,995

(b)(c) GNR 2021-10 IO 0.98666% 5/16/2063

 1,258,259

 95,153

(b)(c) GNR 2021-14 IO 1.33275% 6/16/2063

 2,528,013

 226,883

(b)(c) GNR 2021-71 IO 0.86431% 10/16/2062

 4,705,794

 301,809

(b)(c) GNR 2021-31 IO 0.94027% 1/16/2061

 5,617,792

 382,838

(b)(c) GNR 2021-37 IO 0.79726% 1/16/2061

 4,418,881

 254,840

(b)(c) GNR 2021-36 IO 1.27938% 3/16/2063

 1,797,180

 144,057

(b)(c) GNR 2021-171 IO 0.99241% 8/16/2061

 2,941,489

 191,478

(b)(c) GNR 2021-150 IO 1.04345% 11/16/2063

 951,601

 73,725

(b)(c) GNR 2021-110 IO 0.87598% 11/16/2063

 4,360,544

 284,814

(b)(c) GNR 2021-124 IO 0.98836% 10/16/2062

 2,144,886

 139,876

(b)(c) GNR 2021-195 IX 1.2051% 8/16/2063

 7,005,691

 619,108

(b)(c) GNR 2021-198 IO 0.80927% 11/16/2061

 4,212,233

 235,201

(b)(c) GNR 2021-208 IO 0.75717% 6/16/2064

 3,636,466

 189,273

(b)(c) GNR 2023-161 IO 1.12628% 7/16/2065

 1,715,015

 147,565

(b)(c) GNR 2024-67 EI 0.6579% 10/16/2065

 1,895,597

 103,938

(b)(c) GNR 2025-31 IO 0.5751% 8/16/2067

 8,418,039

 521,847

(b)(c) GNR 2024-161 IO 0.73968% 6/16/2064

 1,729,735

 97,431

(b)(c) GNR 2024-179 XI 0.83127% 12/16/2066

 3,258,128

 222,520

(b)(c) GNR 2025-53 IO 0.50964% 10/16/2066

 5,151,224

 260,253

(b)(c) GNR 2025-109 IO 0.60228% 5/16/2067

 4,943,755

 286,490

(b)(c) GNR 2026-57 IO 0.5146% 3/16/2066

 4,495,773

 260,081

(b)(c) GNR 2023-H02 IK 0.98% 1/20/2073

 991,168

 71,292

(b)(c) GNR 2022-H07 IG 1.84525% 2/20/2072

 540,865

 19,584

(b)(c) GNR 2025-H02 DI 0.85398% 12/20/2074

 6,515,999

 314,082

(b)(c) GNR 2023-H16 GI 0.64392% 6/20/2073

 1,947,120

 93,573

(b)(c) GNR 2024-H07 IG 0.83831% 4/20/2074

 1,595,301

 99,103

GNR 2023-141 LC 6% 1/20/2043

 74,701

 74,536

(b)(c) GNR 2025-H05 DI 1.17627% 2/20/2075

 4,677,736

 116,641

(b)(c) GNR 2025-201 IO 0.74233% 3/16/2066

 4,232,298

 300,556

GNR 2024-126 PG 6% 3/20/2054

 185,915

 185,769

 11,616,541

Seasoned Credit Risk Transfer Trust Series (0.1%)

SCRT 2020-3 M5TW 3% 5/25/2060

 64,708

 57,359

 57,359

TOTAL MORTGAGE BACKED SECURITIES (Cost: $38,087,926)

$

 38,711,865

U.S. GOVERNMENT TREASURY BILLS/NOTES (3.6%)

(d) United States Treasury Bill 3.610% 6/23/2026

 200,000

198,934

United States Treasury 2-Year Note 3.375% 11/30/2027

 1,300,000

1,289,945

TOTAL U.S. GOVERNMENT BILLS/NOTES (Cost $1,496,181)

$

1,488,879

TOTAL INVESTMENTS (Cost $39,584,107) (98.7%)

$

40,200,744

OTHER ASSETS LESS LIABILITIES (1.3%)

$

516,486

NET ASSETS (100.0%)

$

40,717,230

(a) Variable rate security; the rate shown represents the rate at April 30, 2026. Coupon may be fixed for a period of time.

(b) Variable rate security; the rate shown represents the rate at April 30, 2026. The coupon is based on an underlying pool of loans.

(c) Represents an interest-only security that entitles holders to receive only interest payments on underlying mortgages.

(d) Effective yield as of April 30, 2026. Security does not have a stated interest rate.

(e) Delayed delivery purchase as of April 30, 2026.

SOFR - Secured Overnight Financing Rate

SOFR 30 Day Average rate disclosed as of April 30, 2026, based on the last reset date of the security.

TSFR - Term Secured Overnight Financing Rate

TSFR 1 Month Average rate disclosed as of April 30, 2026, based on the last reset date of the security.

ECOFC - Enterprise 11th District COFI Replacement Index

ECOFC 1 Month rate disclosed as of April 30, 2026, based on the last reset date of the security.

RFUCCT - Refinitiv USD IBOR Consumer Cash Fallbacks

RFUCCT 1 Year rate disclosed as of April 30, 2026, based on the last reset date of the security.

H15T - US Treasury Yield Curve Rate T Note Constant Maturity 1 year

H15T 1 Year rate disclosed as of April 30, 2026, based on the last reset date of the security.

The accompanying notes are an integral part of these financial statements.

NOTE: INVESTMENT IN SECURITIES (unaudited)

At April 30, 2026, the net unrealized appreciation/(depreciation) based on the cost of investments for federal income tax purposes was as follows:

Integrity Short Term Government Fund

Investments at cost

$

39,584,107

Unrealized appreciation

$

1,227,766

Unrealized depreciation

(611,129)

Net unrealized appreciation/(depreciation)*

$

616,637

*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, 2026:

Integrity Short Term Government Fund

Level 1

Level 2

Level 3

Total

Mortgage Backed Securities

$

-

$

38,711,865

$

-

$

38,711,865

U.S. Government Treasury Bills/Notes

-

1,488,879

-

1,488,879

Total

$

-

$

40,200,744

$

-

$

40,200,744