Item 1. SCHEDULE OF INVESTMENTS | | | | |
KANSAS MUNICIPAL FUND | | | | |
Schedule of Investments October 29, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (97.4%) | | | | |
| | | | | |
Education (3.7%) | | | | |
Johnson County Community College Foundation Inc 4.000% 11/15/2023 | $ | 870,000 | $ | 935,294 |
Kansas Development Finance Authority 2.000% 05/01/2035 Callable @ 100.000 05/01/2029 | | 960,000 | | 974,765 |
Kansas Development Finance Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2028 | | 500,000 | | 543,430 |
Kansas Development Finance Authority 3.000% 10/01/2044 Callable @ 100.000 10/01/2027 | | 500,000 | | 510,420 |
| | | | | 2,963,908 |
General Obligation (43.4%) | | | | |
*Allen County Unified School District No 257 3.000% 09/01/2038 Callable @ 100.000 09/01/2028 | | 1,000,000 | | 1,053,440 |
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2027 Callable @ 100.000 09/01/2024 | | 250,000 | | 279,628 |
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2028 Callable @ 100.000 09/01/2024 | | 250,000 | | 280,658 |
City of Arkansas City KS 2.000% 08/01/2036 Callable @ 100.000 02/01/2028 | | 500,000 | | 508,555 |
City of Bonner Springs KS 3.000% 09/01/2044 Callable @ 100.000 09/01/2028 | | 1,060,000 | | 1,133,363 |
City of Burlingame KS 3.000% 09/01/2045 Callable @ 100.000 09/01/2027 | | 365,000 | | 375,147 |
City of Hillsboro KS 3.000% 09/01/2024 | | 100,000 | | 106,146 |
City of Hillsboro KS 3.000% 09/01/2027 Callable @ 100.000 09/01/2026 | | 225,000 | | 243,747 |
City of Hillsboro KS 3.000% 09/01/2028 Callable @ 100.000 09/01/2026 | | 230,000 | | 244,495 |
City of Hillsboro KS 3.000% 09/01/2029 Callable @ 100.000 09/01/2026 | | 240,000 | | 252,439 |
City of Hutchinson KS 2.500% 10/01/2040 Callable @ 100.000 10/01/2029 | | 420,000 | | 433,251 |
City of Leawood KS 2.000% 09/01/2032 Callable @ 100.000 09/01/2029 | | 500,000 | | 514,480 |
City of Olathe KS 3.000% 10/01/2033 Callable @ 100.000 10/01/2029 | | 855,000 | | 956,035 |
City of Ozawkie KS 3.000% 09/01/2039 Callable @ 100.000 09/01/2027 | | 335,000 | | 353,462 |
City of Prairie Village KS 3.000% 09/01/2049 Callable @ 100.000 09/01/2027 | | 1,500,000 | | 1,599,465 |
City of South Hutchinson KS 4.000% 10/01/2038 Callable @ 100.000 10/01/2025 | | 355,000 | | 385,459 |
City of Topeka KS 3.000% 08/15/2022 | | 500,000 | | 510,905 |
City of Wichita KS 2.000% 12/01/2038 Callable @ 100.000 12/01/2028 | | 250,000 | | 250,778 |
City of Wichita KS 4.500% 09/01/2022 | | 150,000 | | 150,044 |
City of Wichita KS 4.750% 09/01/2027 | | 180,000 | | 180,076 |
County of Johnson KS 2.000% 09/01/2034 Callable @ 100.000 09/01/2029 | | 500,000 | | 518,225 |
County of Linn KS 3.000% 07/01/2036 Callable @ 100.000 07/01/2029 | | 1,100,000 | | 1,176,758 |
County of Reno KS 3.000% 09/01/2036 Callable @ 100.000 09/01/2028 | | 250,000 | | 269,855 |
County of Saline KS 2.000% 09/01/2034 Callable @ 100.000 09/01/2030 | | 500,000 | | 501,805 |
County of Saline KS 3.000% 09/01/2033 Callable @ 100.000 09/01/2030 | | 1,000,000 | | 1,119,750 |
County of Scott KS 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 | | 500,000 | | 578,255 |
County of Thomas KS 3.000% 12/01/2047 Callable @ 100.000 12/01/2029 | | 1,000,000 | | 1,046,050 |
Douglas County Unified School District No 348 Baldwin City 4.000% 09/01/2030 Callable @ 100.000 09/01/2025 | | 250,000 | | 276,295 |
Franklin County Unified School District No 289 Wellsville 3.000% 09/01/2033 Callable @ 100.000 09/01/2030 | | 360,000 | | 402,163 |
Geary County Unified School District No 475 3.000% 09/01/2035 Callable @ 100.000 09/01/2031 | | 500,000 | | 549,915 |
Geary County Unified School District No 475 3.000% 09/01/2043 Callable @ 100.000 09/01/2031 | | 500,000 | | 534,510 |
Geary County Unified School District No 475 4.000% 09/01/2033 Callable @ 100.000 09/01/2025 | | 350,000 | | 390,495 |
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2037 Callable @ 100.000 09/01/2027 | | 500,000 | | 613,110 |
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2039 Callable @ 100.000 09/01/2027 | | 2,000,000 | | 2,483,220 |
Johnson County Unified School District No 231 Gardner Edgerton 5.000% 10/01/2025 Callable @ 100.000 10/01/2023 | | 250,000 | | 273,425 |
Johnson County Unified School District No 232 De Soto 4.000% 09/01/2029 | | 500,000 | | 607,175 |
Johnson County Unified School District No 232 De Soto 4.000% 09/01/2030 | | 285,000 | | 350,422 |
Johnson County Unified School District No 512 Shawnee Mission 3.000% 10/01/2038 Callable @ 100.000 10/01/2030 | | 1,000,000 | | 1,103,910 |
Leavenworth County Unified School District No 453 4.000% 09/01/2037 Callable @ 100.000 09/01/2026 | | 650,000 | | 752,375 |
Leavenworth County Unified School District No 464 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 | | 500,000 | | 572,325 |
Linn County Unified School District No 362 Prairie View 3.000% 09/01/2035 Callable @ 100.000 09/01/2028 | | 500,000 | | 541,280 |
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 | | 750,000 | | 851,505 |
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2048 Callable @ 100.000 09/01/2027 | | 1,000,000 | | 1,082,220 |
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 | | 10,000 | | 9,960 |
Miami County Unified School District No 416 Louisburg 3.000% 09/01/2040 Callable @ 100.000 09/01/2028 | | 400,000 | | 421,720 |
Miami County Unified School District No 416 Louisburg 3.000% 09/01/2041 Callable @ 100.000 09/01/2028 | | 400,000 | | 420,636 |
Montezuma Unified School District No 371 4.000% 09/01/2036 Callable @ 100.000 09/01/2029 | | 250,000 | | 287,405 |
Rice County Unified School District No 444 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 | | 710,000 | | 816,564 |
Riley County Unified School District No 378 Riley 4.000% 09/01/2028 Callable @ 100.000 09/01/2027 | | 680,000 | | 795,240 |
Riley County Unified School District No 383 Manhattan Ogden 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 | | 1,000,000 | | 1,125,230 |
Sedgwick County Unified School District No 262 Valley Center 5.000% 09/01/2035 Callable @ 100.000 09/01/2024 | | 405,000 | | 456,982 |
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | | 85,000 | | 88,470 |
Seward County Unified School District No 480 Liberal 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | | 500,000 | | 521,450 |
Wyandotte County Kansas City Unified Government 2.250% 08/01/2037 Callable @ 100.000 08/01/2028 | | 410,000 | | 419,508 |
Wyandotte County Kansas City Unified Government 2.250% 08/01/2038 Callable @ 100.000 08/01/2028 | | 1,000,000 | | 1,018,720 |
Wyandotte County Kansas City Unified Government 2.375% 08/01/2040 Callable @ 100.000 08/01/2028 | | 1,000,000 | | 1,017,360 |
Wyandotte County Unified School District No 500 Kansas City 5.000% 09/01/2026 | | 1,000,000 | | 1,200,920 |
| | | | | 35,006,777 |
Health Care (12.1%) | | | | |
Ashland Public Building Commission 5.000% 09/01/2030 Callable @ 100.000 09/01/2023 | | 1,020,000 | | 1,077,314 |
Ashland Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2024 | | 550,000 | | 597,311 |
Ashland Public Building Commission 5.000% 09/01/2035 Callable @ 100.000 09/01/2023 | | 500,000 | | 525,125 |
City of Lawrence KS 5.000% 07/01/2043 Callable @ 100.000 07/01/2028 | | 1,500,000 | | 1,767,405 |
City of Olathe KS 4.000% 09/01/2028 | | 250,000 | | 250,253 |
City of Olathe KS 4.000% 09/01/2030 | | 295,000 | | 295,316 |
Kansas Development Finance Authority 4.125% 11/15/2027 Callable @ 100.000 11/15/2022 | | 100,000 | | 103,486 |
University of Kansas Hospital Authority 3.000% 03/01/2041 Callable @ 100.000 03/01/2030 | | 500,000 | | 525,885 |
University of Kansas Hospital Authority 4.000% 09/01/2040 Callable @ 100.000 09/01/2025 | | 500,000 | | 537,305 |
University of Kansas Hospital Authority 4.000% 09/01/2048 Callable @ 100.000 03/01/2029 | | 1,000,000 | | 1,114,290 |
University of Kansas Hospital Authority 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | | 500,000 | | 572,615 |
University of Kansas Hospital Authority 5.000% 09/01/2048 Callable @ 100.000 03/01/2029 | | 2,000,000 | | 2,412,380 |
| | | | | 9,778,684 |
Other Revenue (8.5%) | | | | |
*City of Manhattan KS 5.000% 12/01/2032 | | 1,000,000 | | 1,000,110 |
City of Manhattan KS 4.500% 12/01/2025 | | 500,000 | | 500,045 |
City of Manhattan KS 5.000% 12/01/2026 | | 310,000 | | 310,028 |
City of Wichita KS 4.000% 09/01/2038 Callable @ 100.000 09/01/2027 | | 1,000,000 | | 1,119,330 |
Clay Center Public Building Commission 3.000% 09/01/2027 | | 290,000 | | 322,790 |
Dickson County Public Building Commission 4.000% 08/01/2038 Callable @ 100.000 08/01/2028 | | 750,000 | | 847,230 |
Hoisington Public Building Commission 3.000% 11/01/2040 Callable @ 100.000 11/01/2029 | | 660,000 | | 690,149 |
Hoisington Public Building Commission 3.000% 11/01/2045 Callable @ 100.000 11/01/2029 | | 500,000 | | 518,030 |
Johnson County Public Building Commission 4.000% 09/01/2022 | | 405,000 | | 417,822 |
Kansas Development Finance Authority 3.000% 11/01/2033 Callable @ 100.000 11/01/2027 | | 1,000,000 | | 1,055,150 |
Washington County Public Building Commission 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 | | 100,000 | | 102,622 |
| | | | | 6,883,306 |
PreRefunded (13.4%) | | | | |
*Franklin County Unified School District No 290 Ottawa 5.000% 09/01/2040 Callable @ 100.000 09/01/2025 | | 3,000,000 | | 3,501,930 |
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2029 Callable @ 100.000 09/01/2024 | | 250,000 | | 282,148 |
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2030 Callable @ 100.000 09/01/2024 | | 250,000 | | 282,148 |
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2031 Callable @ 100.000 09/01/2024 | | 500,000 | | 564,295 |
City of Manhattan KS 5.000% 11/15/2023 Callable @ 100.000 11/15/2022 | | 250,000 | | 262,530 |
City of Manhattan KS 5.000% 11/15/2024 Callable @ 100.000 11/15/2022 | | 250,000 | | 262,285 |
City of Manhattan KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2022 | | 500,000 | | 521,235 |
City of Wichita KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2021 | | 300,000 | | 300,612 |
County of Clay KS 4.000% 10/01/2036 Callable @ 100.000 10/01/2024 | | 500,000 | | 550,800 |
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 | | 135,000 | | 140,569 |
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 | | 115,000 | | 119,733 |
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | | 140,000 | | 145,775 |
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | | 110,000 | | 114,528 |
Leavenworth County Unified School District No 458 5.000% 09/01/2029 Callable @ 100.000 09/01/2023 | | 500,000 | | 543,505 |
Leavenworth County Unified School District No 469 4.000% 09/01/2030 Callable @ 100.000 09/01/2022 | | 320,000 | | 329,718 |
Neosho County Unified School District No 413 4.000% 09/01/2031 Callable @ 100.000 09/01/2023 | | 250,000 | | 263,470 |
Seward County Unified School District No 480 Liberal 4.250% 09/01/2039 Callable @ 100.000 09/01/2022 | | 500,000 | | 515,805 |
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | | 85,000 | | 88,359 |
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | | 330,000 | | 343,068 |
Washington County Public Building Commission 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 | | 500,000 | | 516,005 |
Washington County Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 | | 500,000 | | 520,450 |
Washington County Public Building Commission 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 | | 400,000 | | 416,016 |
Wyandotte County Unified School District No 202 Turner 5.000% 09/01/2025 Callable @ 100.000 09/01/2023 | | 250,000 | | 271,463 |
| | | | | 10,856,446 |
Transportation (1.1%) | | | | |
State of Kansas Department of Transportation 5.000% 09/01/2033 Callable @ 100.000 09/01/2025 | | 500,000 | | 570,560 |
State of Kansas Department of Transportation 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | | 250,000 | | 285,700 |
| | | | | 856,260 |
Utilities (15.2%) | | | | |
*Kansas Municipal Energy Agency 5.750% 07/01/2038 Callable @ 100.000 07/01/2023 | | 1,000,000 | | 1,071,620 |
*Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 | 1,250,000 | | 1,291,750 |
City of McPherson KS Water System Revenue 2.000% 10/01/2037 Callable @ 100.000 10/01/2029 | | 425,000 | | 429,123 |
City of McPherson KS Water System Revenue 3.000% 10/01/2031 Callable @ 100.000 10/01/2029 | | 150,000 | | 165,503 |
City of McPherson KS Water System Revenue 3.000% 10/01/2032 Callable @ 100.000 10/01/2029 | | 175,000 | | 191,963 |
City of Olathe KS Water & Sewer System Revenue 4.000% 07/01/2029 | | 500,000 | | 606,495 |
City of Topeka KS Combined Utility Revenue 3.000% 08/01/2034 Callable @ 100.000 08/01/2029 | | 900,000 | | 984,483 |
City of Topeka KS Combined Utility Revenue 4.000% 08/01/2023 | | 500,000 | | 532,680 |
City of Wichita KS Water & Sewer Utility Revenue 3.000% 10/01/2031 Callable @ 100.000 10/01/2029 | | 350,000 | | 390,037 |
Kansas Municipal Energy Agency 5.000% 04/01/2030 Callable @ 100.000 04/01/2026 | | 250,000 | | 286,960 |
Kansas Municipal Energy Agency 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 | | 500,000 | | 571,775 |
Kansas Municipal Energy Agency 5.000% 04/01/2033 Callable @ 100.000 04/01/2026 | | 745,000 | | 857,100 |
Kansas Municipal Energy Agency 5.000% 04/01/2035 Callable @ 100.000 04/01/2026 | | 300,000 | | 343,557 |
Kansas Municipal Energy Agency 5.000% 04/01/2038 Callable @ 100.000 04/01/2026 | | 1,000,000 | | 1,138,960 |
Kansas Power Pool 4.000% 12/01/2031 Callable @ 100.000 12/01/2025 | | 500,000 | | 542,645 |
Kansas Power Pool 4.000% 12/01/2041 Callable @ 100.000 12/01/2029 | | 500,000 | | 565,450 |
Saline County Public Building Commission/KS 2.000% 09/01/2031 Callable @ 100.000 09/01/2028 | | 435,000 | | 445,362 |
Saline County Public Building Commission/KS 3.000% 09/01/2029 Callable @ 100.000 09/01/2028 | | 410,000 | | 455,059 |
Wyandotte County Kansas City Unified Government Utility System Revenue 3.000% 09/01/2040 Callable @ 100.000 09/01/2030 | 250,000 | | 266,978 |
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2028 Callable @ 100.000 09/01/2026 | 500,000 | | 595,170 |
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 500,000 | | 563,735 |
| | | | | 12,296,403 |
| | | | | |
TOTAL MUNICIPAL BONDS (COST: $75,535,821) | | | $ | 78,641,784 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (2.6%) | | | | 2,076,332 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 80,718,116.67 |
| |
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
| | | | | |
MAINE MUNICIPAL FUND | | | | |
Schedule of Investments October 29, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (94.1%) | | | | |
| | | | | |
Education (9.2%) | | | | |
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2026 | $ | 940,000 | $ | 1,108,495 |
Maine Health & Higher Educational Facilities Authority 4.750% 07/01/2031 | | 180,000 | | 180,011 |
| | | | | 1,288,506 |
General Obligation (29.9%) | | | | |
City of Auburn ME 3.000% 09/01/2031 | | 350,000 | | 402,329 |
City of Auburn ME 4.500% 09/01/2022 | | 100,000 | | 103,689 |
City of Biddeford ME 4.000% 10/01/2026 | | 250,000 | | 291,738 |
City of Lewiston ME 2.750% 03/15/2038 Callable @ 100.000 03/15/2027 | | 100,000 | | 102,664 |
City of Lewiston ME 2.750% 03/15/2039 Callable @ 100.000 03/15/2027 | | 250,000 | | 257,303 |
City of Lewiston ME 2.750% 03/15/2040 Callable @ 100.000 03/15/2027 | | 250,000 | | 257,975 |
City of Portland ME 5.000% 08/01/2022 | | 125,000 | | 125,010 |
City of Waterville ME 4.000% 07/01/2025 | | 135,000 | | 135,004 |
*Maine School Administrative District No 28 4.000% 05/01/2036 Callable @ 100.000 05/01/2028 | | 500,000 | | 566,085 |
Maine School Administrative District No 51 4.000% 10/15/2029 Callable @ 100.000 10/15/2024 | | 100,000 | | 108,934 |
Regional School Unit No 26 3.000% 09/01/2044 Callable @ 100.000 09/01/2029 | | 475,000 | | 501,334 |
Town of Brunswick ME 2.500% 11/01/2041 Callable @ 100.000 11/01/2030 | | 500,000 | | 510,540 |
Town of Kennebunk ME 2.000% 10/01/2035 Callable @ 100.000 10/01/2031 | | 600,000 | | 610,434 |
Town of Scarborough ME 4.000% 11/01/2028 Callable @ 100.000 11/01/2023 | | 100,000 | | 106,497 |
Wells Ogunquit Community School District 4.000% 11/01/2024 | | 100,000 | | 109,984 |
| | | | | 4,189,519 |
Health Care (17.7%) | | | | |
Maine Health & Higher Educational Facilities Authority 3.000% 07/01/2039 Callable @ 100.000 07/01/2029 | | 250,000 | | 261,878 |
Maine Health & Higher Educational Facilities Authority 4.500% 07/01/2031 | | 5,000 | | 5,001 |
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2029 Callable @ 100.000 07/01/2024 | | 1,000,000 | | 1,086,630 |
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2030 Callable @ 100.000 07/01/2024 | | 500,000 | | 541,635 |
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2031 Callable @ 100.000 07/01/2024 | | 500,000 | | 544,005 |
Maine Health & Higher Educational Facilities Authority 5.250% 07/01/2023 | | 40,000 | | 40,008 |
| | | | | 2,479,157 |
Housing (11.9%) | | | | |
Maine State Housing Authority 2.250% 11/15/2045 Callable @ 100.000 05/15/2029 | | 250,000 | | 251,543 |
Maine State Housing Authority 2.500% 11/15/2045 Callable @ 100.000 11/15/2028 | | 165,000 | | 166,267 |
Maine State Housing Authority 3.000% 11/15/2036 Callable @ 100.000 11/15/2025 | | 400,000 | | 411,084 |
Maine State Housing Authority 3.350% 11/15/2044 Callable @ 100.000 05/15/2028 | | 155,000 | | 163,339 |
*Maine State Housing Authority 4.000% 11/15/2044 Callable @ 100.000 05/15/2028 | | 500,000 | | 549,295 |
Maine State Housing Authority 5.000% 06/15/2037 Callable @ 100.000 06/15/2031 | | 100,000 | | 128,565 |
| | | | | 1,670,093 |
Other Revenue (4.6%) | | | | |
Maine Municipal Bond Bank 3.000% 11/01/2040 Callable @ 100.000 11/01/2030 | | 250,000 | | 269,008 |
Maine Municipal Bond Bank 4.000% 11/01/2038 Callable @ 100.000 11/01/2022 | | 125,000 | | 127,893 |
Maine Municipal Bond Bank 5.000% 11/01/2025 Callable @ 100.000 11/01/2022 | | 125,000 | | 131,258 |
Maine Municipal Bond Bank 5.000% 11/01/2027 Callable @ 100.000 11/01/2024 | | 100,000 | | 113,372 |
| | | | | 641,530 |
PreRefunded (10.1%) | | | | |
Maine Health & Higher Educational Facilities Authority 4.000% 07/01/2024 Callable @ 100.000 07/01/2022 | | 270,000 | | 276,850 |
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2023 | | 15,000 | | 16,237 |
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2034 Callable @ 100.000 07/01/2024 | | 250,000 | | 281,008 |
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2039 Callable @ 100.000 07/01/2024 | | 750,000 | | 838,110 |
| | | | | 1,412,204 |
Transportation (4.2%) | | | | |
City of Portland ME General Airport Revenue 5.000% 07/01/2022 | | 100,000 | | 103,869 |
City of Portland ME General Airport Revenue 5.000% 07/01/2023 | | 100,000 | | 108,684 |
City of Portland ME General Airport Revenue 5.000% 07/01/2024 Callable @ 100.000 07/01/2023 | | 100,000 | | 108,785 |
Maine Turnpike Authority 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 | | 250,000 | | 265,695 |
| | | | | 587,033 |
Utilities (6.5%) | | | | |
Kennebunk Light & Power District 5.000% 08/01/2022 | | 110,000 | | 110,135 |
Portland Water District 3.000% 11/01/2039 Callable @ 100.000 11/01/2029 | | 500,000 | | 541,430 |
Portland Water District Water System Revenue 2.000% 11/01/2036 Callable @ 100.000 11/01/2031 | | 250,000 | | 251,355 |
| | | | | 902,920 |
| | | | | |
TOTAL MUNICIPAL BONDS (COST: $12,667,099) | | | $ | 13,170,961 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (5.9%) | | | | 826,181 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 13,997,142 |
| |
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
| | | | | |
NEBRASKA MUNICIPAL FUND | | | | |
Schedule of Investments October 29, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (98.8%) | | | | |
| | | | | |
Education (2.6%) | | | | |
County of Douglas NE 3.000% 09/01/2035 Callable @ 100.000 09/01/2031 | | 310,000 | | 340,361 |
County of Saline NE 3.000% 02/15/2034 Callable @ 100.000 02/15/2029 | | 365,000 | | 382,016 |
County of Saline NE 3.000% 02/15/2035 Callable @ 100.000 02/15/2029 | | 300,000 | | 312,405 |
Southeast Community College 3.000% 03/15/2045 Callable @ 100.000 07/02/2025 | | 500,000 | | 502,885 |
| | | | | 1,537,668 |
| | | | | |
General Obligation (41.0%) | | | | |
Ashland Greenwood Public Schools 3.000% 12/15/2044 Callable @ 100.000 12/15/2030 | | 950,000 | | 1,034,370 |
Ashland Greenwood Public Schools 3.000% 12/15/2046 Callable @ 100.000 12/15/2030 | | 1,000,000 | | 1,063,150 |
City of Columbus NE 3.000% 12/15/2033 Callable @ 100.000 09/01/2026 | | 325,000 | | 345,105 |
City of Columbus NE 3.000% 12/15/2036 Callable @ 100.000 09/01/2026 | | 400,000 | | 422,120 |
City of Lincoln NE 3.000% 04/01/2033 Callable @ 100.000 04/01/2029 | | 540,000 | | 594,356 |
City of Lincoln NE 3.000% 05/15/2033 Callable @ 100.000 05/15/2029 | | 1,090,000 | | 1,214,369 |
City of Lincoln NE 3.000% 12/01/2039 Callable @ 100.000 06/01/2029 | | 685,000 | | 733,868 |
City of Omaha NE 3.750% 01/15/2038 Callable @ 100.000 01/15/2027 | | 500,000 | | 541,375 |
City of Omaha NE 4.000% 04/15/2037 Callable @ 100.000 04/15/2029 | | 500,000 | | 581,255 |
City of Omaha NE 5.000% 04/15/2027 Callable @ 100.000 04/15/2026 | | 955,000 | | 1,144,252 |
City of Omaha NE 5.000% 04/15/2028 Callable @ 100.000 04/15/2026 | | 500,000 | | 595,015 |
City of Sidney NE 4.000% 12/15/2036 Callable @ 100.000 12/15/2021 | | 1,250,000 | | 1,254,200 |
County of Kearney NE 4.000% 06/01/2024 | | 350,000 | | 380,629 |
Douglas County School District No 15 3.000% 12/15/2041 Callable @ 100.000 09/29/2026 | | 1,000,000 | | 1,041,350 |
Douglas County School District No 15 3.000% 12/15/2046 Callable @ 100.000 09/29/2026 | | 500,000 | | 515,820 |
Douglas County School District No 17/NE 2.000% 12/15/2039 Callable @ 100.000 12/15/2030 | | 500,000 | | 485,375 |
Douglas County School District No 59/NE 3.500% 06/15/2043 Callable @ 100.000 03/15/2024 | | 500,000 | | 515,350 |
Elkhorn School District 4.000% 12/15/2030 Callable @ 100.000 12/15/2026 | | 500,000 | | 562,845 |
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2028 | | 500,000 | | 577,785 |
Elkhorn School District 4.000% 12/15/2037 Callable @ 100.000 12/15/2029 | | 300,000 | | 355,323 |
Elkhorn School District 5.000% 06/15/2022 | | 475,000 | | 489,112 |
Gretna Public Schools 3.000% 12/15/2046 Callable @ 100.000 12/15/2031 | | 1,000,000 | | 1,085,390 |
Kearney School District 3.000% 12/15/2024 | | 350,000 | | 376,789 |
Knox County School District N0 576 4.000% 12/15/2038 Callable @ 100.000 12/15/2023 | | 590,000 | | 633,206 |
Lancaster County School District 001 5.000% 01/15/2023 | | 750,000 | | 793,320 |
Omaha School District 3.000% 12/15/2042 Callable @ 100.000 01/30/2030 | | 1,000,000 | | 1,075,270 |
*Omaha School District 5.000% 12/15/2029 Callable @ 100.000 12/15/2026 | | 1,630,000 | | 1,960,613 |
Papio Missouri River Natural Resource District 3.000% 12/01/2036 Callable @ 100.000 10/12/2026 | | 600,000 | | 634,476 |
Papio Missouri River Natural Resource District 3.000% 12/01/2041 Callable @ 100.000 10/12/2026 | | 300,000 | | 314,256 |
Plattsmouth School District 3.000% 12/15/2039 Callable @ 100.000 08/21/2024 | | 1,000,000 | | 1,022,930 |
Polk County School District No 19 3.000% 06/15/2039 Callable @ 100.000 07/30/2024 | | 455,000 | | 467,899 |
Ponca Public Schools 3.000% 12/15/2026 Callable @ 100.000 02/26/2025 | | 355,000 | | 381,934 |
Superior Public Schools 1.450% 12/15/2022 | | 340,000 | | 344,451 |
Westside Community Schools 5.000% 12/01/2038 Callable @ 100.000 12/05/2024 | | 235,000 | | 259,788 |
Westside Community Schools 5.000% 12/01/2039 Callable @ 100.000 12/05/2024 | | 250,000 | | 276,078 |
| | | | | 24,073,422 |
| | | | | |
Health Care (3.3%) | | | | |
Douglas County Hospital Authority No 2 5.000% 05/15/2027 Callable @ 100.000 05/15/2026 | | 200,000 | | 237,130 |
Madison County Hospital Authority No 1 5.000% 07/01/2031 Callable @ 100.000 07/01/2025 | | 500,000 | | 563,490 |
Madison County Hospital Authority No 1 5.000% 07/01/2032 Callable @ 100.000 07/01/2025 | | 335,000 | | 376,775 |
Madison County Hospital Authority No 1 5.000% 07/01/2033 Callable @ 100.000 07/01/2025 | | 450,000 | | 507,263 |
Madison County Hospital Authority No 1 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 | | 215,000 | | 242,935 |
| | | | | 1,927,592 |
| | | | | |
Housing (0.7%) | | | | |
Nebraska Investment Finance Authority 3.850% 03/01/2038 Callable @ 100.000 09/01/2024 | | 395,000 | | 403,552 |
| | | | | 403,552 |
| | | | | |
Other Revenue (2.1%) | | | | |
City of Columbus NE 3.000% 06/15/2036 Callable @ 100.000 06/30/2026 | | 750,000 | | 789,690 |
Papillion Municipal Facilities Corp 3.000% 12/15/2034 Callable @ 100.000 07/30/2024 | | 435,000 | | 449,525 |
| | | | | 1,239,215 |
| | | | | |
PreRefunded (18.0%) | | | | |
City of Hastings NE Combined Utility Revenue 4.000% 10/15/2032 Callable @ 100.000 10/15/2022 | | 500,000 | | 514,020 |
*City of Lincoln NE Electric System Revenue 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 | | 1,000,000 | | 1,037,190 |
*City of Omaha NE 5.000% 02/01/2027 Callable @ 100.000 02/01/2022 | | 1,000,000 | | 1,012,520 |
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2025 | | 300,000 | | 328,329 |
Grand Island Public Schools 5.000% 12/15/2033 Callable @ 100.000 12/15/2024 | | 500,000 | | 571,600 |
Grand Island Public Schools 5.000% 12/15/2039 Callable @ 100.000 12/15/2024 | | 500,000 | | 571,600 |
Gretna Public Schools 5.000% 12/15/2035 Callable @ 100.000 12/15/2025 | | 250,000 | | 296,800 |
Lincoln County Hospital Authority No 1 5.000% 11/01/2023 Callable @ 100.000 11/01/2021 | | 250,000 | | 250,065 |
Lincoln County Hospital Authority No 1 5.000% 11/01/2024 Callable @ 100.000 11/01/2021 | | 250,000 | | 250,065 |
Lincoln County Hospital Authority No 1 5.000% 11/01/2025 Callable @ 100.000 11/01/2021 | | 250,000 | | 250,065 |
Lincoln County Hospital Authority No 1 5.000% 11/01/2032 Callable @ 100.000 11/01/2021 | | 250,000 | | 250,065 |
Sarpy County School District No 1 3.500% 12/15/2035 Callable @ 100.000 09/30/2024 | | 250,000 | | 272,810 |
Scotts Bluff County School District No 32 5.000% 12/01/2031 Callable @ 100.000 12/01/2025 | | 250,000 | | 296,210 |
University of Nebraska 5.000% 05/15/2033 Callable @ 100.000 11/15/2025 | | 250,000 | | 295,460 |
University of Nebraska 5.000% 05/15/2035 Callable @ 100.000 05/15/2025 | | 500,000 | | 578,725 |
University of Nebraska 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 | | 1,500,000 | | 1,746,435 |
University of Nebraska 5.000% 07/01/2038 Callable @ 100.000 07/01/2022 | | 250,000 | | 257,815 |
University of Nebraska 5.000% 07/01/2042 Callable @ 100.000 01/01/2022 | | 1,000,000 | | 1,008,120 |
West Haymarket Joint Public Agency 5.000% 12/15/2042 Callable @ 100.000 12/15/2021 | | 750,000 | | 754,613 |
| | | | | 10,542,507 |
| | | | | |
Transportation (3.0%) | | | | |
Omaha Airport Authority 5.000% 12/15/2027 Callable @ 100.000 12/15/2026 | | 500,000 | | 587,965 |
Omaha Airport Authority 5.000% 12/15/2036 Callable @ 100.000 12/15/2026 | | 1,000,000 | | 1,146,870 |
| | | | | 1,734,835 |
| | | | | |
Utilities (28.1%) | | | | |
*Central Plains Energy Project 5.000% 09/01/2027 Callable @ 100.000 09/01/2022 | | 2,000,000 | | 2,069,380 |
Central Plains Energy Project 5.000% 09/01/2042 Callable @ 100.000 09/01/2022 | | 500,000 | | 519,155 |
Central Plains Energy Project 5.250% 09/01/2037 Callable @ 100.000 09/01/2022 | | 500,000 | | 520,545 |
City of Columbus NE Combined Revenue 4.000% 12/15/2032 Callable @ 100.000 12/15/2026 | | 100,000 | | 112,010 |
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2033 Callable @ 100.000 06/15/2030 | | 300,000 | | 354,390 |
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2034 Callable @ 100.000 06/15/2030 | | 300,000 | | 352,812 |
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2035 Callable @ 100.000 06/15/2030 | | 300,000 | | 351,600 |
City of Grand Island NE Combined Utility System Revenue 4.000% 08/15/2037 Callable @ 100.000 08/15/2030 | | 300,000 | | 352,818 |
City of Grand Island NE Sewer System Revenue 5.000% 09/15/2026 Callable @ 100.000 09/17/2023 | | 250,000 | | 274,995 |
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2025 Callable @ 100.000 08/01/2023 | | 275,000 | | 294,294 |
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2027 Callable @ 100.000 08/01/2023 | | 400,000 | | 425,740 |
City of Omaha NE Sewer Revenue 4.000% 04/01/2035 Callable @ 100.000 04/01/2026 | | 250,000 | | 274,653 |
City of Omaha NE Sewer Revenue 4.000% 04/01/2037 Callable @ 100.000 04/01/2030 | | 750,000 | | 884,003 |
City of Omaha NE Sewer Revenue 4.000% 04/01/2038 Callable @ 100.000 04/01/2030 | | 400,000 | | 466,688 |
City of Omaha NE Sewer Revenue 4.000% 04/01/2039 Callable @ 100.000 04/01/2030 | | 250,000 | | 290,623 |
City of Omaha NE Sewer Revenue 5.000% 11/15/2029 Callable @ 100.000 11/15/2024 | | 250,000 | | 279,725 |
City of Omaha NE Sewer Revenue 5.000% 11/15/2030 Callable @ 100.000 11/15/2024 | | 250,000 | | 279,330 |
City of Omaha NE Sewer Revenue 5.000% 11/15/2031 Callable @ 100.000 11/15/2024 | | 500,000 | | 559,160 |
Metropolitan Utilities District of Omaha 4.000% 12/15/2026 Callable @ 100.000 12/15/2022 | | 250,000 | | 260,130 |
Municipal Energy Agency of Nebraska 5.000% 04/01/2030 Callable @ 100.000 04/01/2022 | | 500,000 | | 509,165 |
Municipal Energy Agency of Nebraska 5.000% 04/01/2032 Callable @ 100.000 04/01/2022 | | 100,000 | | 101,747 |
Nebraska Public Power District 4.000% 01/01/2044 Callable @ 100.000 01/01/2031 | | 500,000 | | 579,540 |
Nebraska Public Power District 5.000% 01/01/2030 Callable @ 100.000 01/01/2022 | | 500,000 | | 503,960 |
*Nebraska Public Power District 5.000% 01/01/2036 Callable @ 100.000 01/01/2026 | | 2,355,000 | | 2,689,481 |
Nebraska Public Power District 5.000% 01/01/2041 Callable @ 100.000 01/01/2026 | | 250,000 | | 284,963 |
#Omaha Public Power District 5.000% 02/01/2046 Callable @ 100.000 08/01/2030 | | 1,000,000 | | 1,253,490 |
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2032 Callable @ 100.000 02/01/2026 | | 400,000 | | 441,848 |
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2035 Callable @ 100.000 02/01/2026 | | 365,000 | | 401,562 |
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2031 Callable @ 100.000 02/01/2026 | | 445,000 | | 516,845 |
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2032 Callable @ 100.000 02/01/2025 | | 250,000 | | 281,045 |
| | | | | 16,485,695 |
| | | | | |
TOTAL MUNICIPAL BONDS (COST:$56,110,310) | | | $ | 57,944,485 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (1.2%) | | | $ | 730,983 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 58,675,468 |
| |
#When-issued purchase as of October 29, 2021 | | | | |
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | | | | |
| | | | | |
OKLAHOMA MUNICIPAL BOND | | | | |
Schedule of Investments October 29, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (92.8%) | | | | |
| | | | | |
Education (4.8%) | | | | |
Oklahoma Development Finance Authority 4.000% 08/01/2030 Callable @ 100.000 08/01/2024 | | 280,000 | | 300,370 |
Oklahoma Development Finance Authority 4.000% 08/01/2031 Callable @ 100.000 08/01/2024 | | 290,000 | | 310,019 |
Oklahoma Development Finance Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2024 | | 305,000 | | 325,819 |
Oklahoma Development Finance Authority 4.000% 08/01/2033 Callable @ 100.000 08/01/2024 | | 315,000 | | 336,149 |
Oklahoma Development Finance Authority 5.000% 06/01/2039 Callable @ 100.000 06/01/2024 | $ | 19,000 | $ | 20,350 |
Oklahoma State University 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 | | 370,000 | | 445,554 |
Oklahoma State University 5.000% 08/01/2032 Callable @ 100.000 08/01/2028 | | 250,000 | | 305,783 |
University of Oklahoma/The 4.000% 07/01/2040 Callable @ 100.000 07/01/2025 | | 650,000 | | 696,664 |
University of Oklahoma/The 5.000% 07/01/2036 Callable @ 100.000 07/01/2025 | | 500,000 | | 568,495 |
University of Oklahoma/The 5.000% 07/01/2038 Callable @ 100.000 07/01/2025 | | 500,000 | | 567,465 |
| | | | | 3,876,667 |
General Obligation (7.2%) | | | | |
City of Bartlesville OK 2.000% 12/01/2028 | | 195,000 | | 206,468 |
City of Broken Arrow OK 2.000% 12/01/2021 | | 500,000 | | 500,715 |
City of Broken Arrow OK 3.125% 12/01/2035 Callable @ 100.000 12/01/2026 | | 575,000 | | 610,604 |
City of Broken Arrow OK 4.000% 12/01/2037 Callable @ 100.000 12/01/2028 | | 605,000 | | 681,496 |
City of Broken Arrow OK 4.000% 12/01/2038 Callable @ 100.000 12/01/2028 | | 610,000 | | 686,274 |
City of Lawton OK 2.000% 12/01/2022 | | 500,000 | | 508,745 |
City of Midwest City OK 3.000% 06/01/2041 Callable @ 100.000 06/01/2029 | | 500,000 | | 524,470 |
City of Oklahoma City OK 4.000% 03/01/2031 | | 300,000 | | 372,492 |
*City of Oklahoma City OK 4.000% 03/01/2032 Callable @ 100.000 03/01/2027 | | 1,305,000 | | 1,484,699 |
City of Perkins OK 3.000% 06/01/2033 | | 125,000 | | 138,860 |
City of Perkins OK 3.000% 06/01/2034 | | 115,000 | | 127,098 |
| | | | | 5,841,921 |
Health Care (6.3%) | | | | |
Norman Regional Hospital Authority 3.250% 09/01/2039 Callable @ 100.000 09/01/2029 | | 895,000 | | 942,811 |
Norman Regional Hospital Authority 5.000% 09/01/2045 Callable @ 100.000 09/01/2029 | | 200,000 | | 240,670 |
Oklahoma County Finance Authority 4.000% 04/01/2041 Callable @ 100.000 04/01/2031 | | 250,000 | | 290,020 |
Oklahoma County Finance Authority 4.000% 04/01/2046 Callable @ 100.000 04/01/2031 | | 335,000 | | 383,699 |
Oklahoma Development Finance Authority 4.000% 08/15/2038 Callable @ 100.000 08/15/2025 | | 250,000 | | 268,615 |
Oklahoma Development Finance Authority 4.000% 08/15/2048 Callable @ 100.000 08/15/2028 | | 825,000 | | 895,521 |
Oklahoma Development Finance Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 | | 250,000 | | 274,743 |
Oklahoma Development Finance Authority 5.000% 08/15/2025 | | 350,000 | | 400,488 |
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2025 | | 250,000 | | 283,545 |
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2028 | | 345,000 | | 416,839 |
Oklahoma Development Finance Authority 5.000% 08/15/2033 Callable @ 100.000 08/15/2028 | | 175,000 | | 208,392 |
Tulsa County Industrial Authority 3.000% 02/01/2037 Callable @ 100.000 02/01/2029 | | 500,000 | | 522,655 |
| | | | | 5,127,997 |
Housing (1.1%) | | | | |
Oklahoma Housing Finance Agency 3.000% 09/01/2039 Callable @ 100.000 03/01/2028 | | 650,000 | | 672,880 |
Oklahoma Housing Finance Agency 3.200% 03/01/2042 Callable @ 100.000 03/01/2028 | | 220,000 | | 233,790 |
| | | | | 906,670 |
| | | | | |
Other Revenue (36.2%) | | | | |
Bryan County School Finance Authority 4.000% 12/01/2028 | | 385,000 | | 457,087 |
Bryan County School Finance Authority 4.000% 12/01/2029 | | 415,000 | | 496,992 |
Bryan County School Finance Authority 4.000% 12/01/2030 Callable @ 100.000 12/01/2029 | | 435,000 | | 519,908 |
Caddo County Governmental Building Authority 5.000% 09/01/2040 Callable @ 100.000 09/01/2028 | | 1,010,000 | | 1,183,589 |
Carter County Public Facilities Authority 3.000% 09/01/2033 Callable @ 100.000 09/01/2031 | | 520,000 | | 570,773 |
Carter County Public Facilities Authority 3.000% 09/01/2034 Callable @ 100.000 09/01/2031 | | 535,000 | | 585,386 |
Carter County Public Facilities Authority 3.000% 09/01/2035 Callable @ 100.000 09/01/2031 | | 550,000 | | 599,654 |
Carter County Public Facilities Authority 3.000% 09/01/2036 Callable @ 100.000 09/01/2031 | | 575,000 | | 624,318 |
Elk City Industrial Authority 3.000% 05/01/2034 Callable @ 100.000 05/01/2029 | | 1,050,000 | | 1,113,042 |
Elk City Industrial Authority 3.000% 05/01/2039 Callable @ 100.000 05/01/2029 | | 425,000 | | 436,373 |
Garvin County Educational Facilities Authority 4.000% 09/01/2031 | | 665,000 | | 797,668 |
Grady County School Finance Authority 5.000% 09/01/2032 Callable @ 100.000 09/01/2028 | | 370,000 | | 449,831 |
Kingfisher County Educational Facilities Authority 3.000% 03/01/2033 Callable @ 100.000 03/01/2029 | | 250,000 | | 268,453 |
Kingfisher County Educational Facilities Authority 3.000% 03/01/2035 Callable @ 100.000 03/01/2031 | | 570,000 | | 637,380 |
Kingfisher County Educational Facilities Authority 3.000% 03/01/2036 Callable @ 100.000 03/01/2031 | | 400,000 | | 439,512 |
Leflore County Public Facility Authority 3.000% 12/01/2032 Callable @ 100.000 12/01/2029 | | 500,000 | | 533,240 |
Love County Educational Facilities Authority 3.000% 12/01/2038 Callable @ 100.000 12/01/2031 | | 765,000 | | 824,938 |
Mannford Public Works Authority 3.000% 01/01/2031 Callable @ 100.000 01/01/2029 | | 500,000 | | 528,030 |
Marshall County Educational Facilities Authority 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 | | 500,000 | | 586,670 |
Muskogee Industrial Trust 5.000% 09/01/2026 | | 400,000 | | 475,228 |
Oklahoma Capitol Improvement Authority 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | | 940,000 | | 990,412 |
Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2029 | | 500,000 | | 562,075 |
Oklahoma Capitol Improvement Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2029 | | 530,000 | | 659,309 |
Oklahoma City Economic Development Trust 4.000% 03/01/2034 Callable @ 100.000 03/01/2031 | | 1,180,000 | | 1,429,275 |
Oklahoma City Public Property Authority 5.000% 10/01/2027 Callable @ 100.000 10/01/2025 | | 350,000 | | 402,192 |
Oklahoma City Public Property Authority 5.000% 10/01/2028 Callable @ 100.000 10/01/2025 | | 400,000 | | 457,264 |
Oklahoma City Public Property Authority 5.000% 10/01/2029 Callable @ 100.000 10/01/2025 | | 625,000 | | 723,331 |
Oklahoma City Public Property Authority 5.000% 10/01/2036 Callable @ 100.000 10/01/2025 | | 230,000 | | 263,233 |
Oklahoma City Public Property Authority 5.000% 10/01/2039 Callable @ 100.000 10/01/2025 | | 835,000 | | 960,442 |
Oklahoma City Zoological Trust OK Sales Tax Revenue 4.000% 06/01/2036 Callable @ 100.000 06/01/2031 | | 1,000,000 | | 1,208,660 |
Oklahoma County Finance Authority 4.000% 09/01/2033 Callable @ 100.000 09/01/2030 | | 250,000 | | 288,638 |
Oklahoma Development Finance Authority 3.000% 06/01/2029 | | 195,000 | | 214,666 |
Oklahoma Development Finance Authority 3.000% 06/01/2030 | | 180,000 | | 200,740 |
Oklahoma Development Finance Authority 4.000% 06/01/2032 Callable @ 100.000 06/01/2030 | | 140,000 | | 165,658 |
Oklahoma Development Finance Authority 4.000% 06/01/2032 Callable @ 100.000 06/01/2031 | | 340,000 | | 412,682 |
Oklahoma Development Finance Authority 4.000% 06/01/2033 Callable @ 100.000 06/01/2030 | | 145,000 | | 170,941 |
Oklahoma Development Finance Authority 4.000% 06/01/2034 Callable @ 100.000 06/01/2030 | | 150,000 | | 176,051 |
Oklahoma Development Finance Authority 4.000% 06/01/2034 Callable @ 100.000 06/01/2031 | | 365,000 | | 437,996 |
Oklahoma Development Finance Authority 4.000% 06/01/2035 Callable @ 100.000 06/01/2030 | | 155,000 | | 181,437 |
Oklahoma Development Finance Authority 4.000% 06/01/2035 Callable @ 100.000 06/01/2031 | | 205,000 | | 245,280 |
Oklahoma Development Finance Authority 4.000% 06/01/2038 Callable @ 100.000 06/01/2029 | | 725,000 | | 835,563 |
Oklahoma Development Finance Authority 4.000% 06/01/2040 Callable @ 100.000 06/01/2030 | | 250,000 | | 291,863 |
Ottawa County Educational Facilities Authority 4.000% 09/01/2022 | | 990,000 | | 1,019,472 |
Pottawatomie County Facilities Authority 3.000% 09/01/2035 Callable @ 100.000 09/01/2030 | | 625,000 | | 677,763 |
Pottawatomie County Facilities Authority 3.000% 09/01/2036 Callable @ 100.000 09/01/2030 | | 700,000 | | 769,335 |
Sand Springs Municipal Authority 4.000% 01/01/2036 Callable @ 100.000 01/01/2023 | | 500,000 | | 515,370 |
Sand Springs Municipal Authority 4.250% 01/01/2035 Callable @ 100.000 01/01/2023 | | 250,000 | | 258,503 |
Seminole County Educational Facilities Authority 3.000% 12/01/2030 | | 415,000 | | 444,822 |
Tahlequah Public Facilities Authority 4.000% 04/01/2023 | | 550,000 | | 578,496 |
Tulsa County Industrial Authority 4.000% 12/01/2030 Callable @ 100.000 12/01/2026 | | 250,000 | | 283,985 |
Tulsa Public Facilities Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2025 | | 200,000 | | 209,760 |
Wagoner County School Development Authority 4.000% 09/01/2027 | | 500,000 | | 578,670 |
Washington County Educational Facilities Authority 3.000% 09/01/2031 | | 500,000 | | 556,240 |
| | | | | 29,298,190 |
| | | | | |
PreRefunded (3.4%) | | | | |
Oklahoma Capitol Improvement Authority 4.000% 07/01/2043 Callable @ 100.000 07/01/2026 | | 500,000 | | 573,040 |
Oklahoma Development Finance Authority 5.000% 02/15/2042 Callable @ 100.000 02/15/2022 | | 250,000 | | 253,463 |
*Oklahoma Municipal Power Authority 5.750% 01/01/2024 | | 370,000 | | 408,647 |
Oklahoma Water Resources Board 4.000% 04/01/2025 Callable @ 100.000 04/01/2022 | | 150,000 | | 152,495 |
Okmulgee County Governmental Building Authority 4.250% 12/01/2035 Callable @ 100.000 12/01/2023 | | 500,000 | | 525,535 |
Sapulpa Municipal Authority 5.000% 04/01/2028 Callable @ 100.000 04/01/2023 | | 750,000 | | 795,750 |
| | | | | 2,708,929 |
| | | | | |
Transportation (7.0%) | | | | |
Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2030 | | 2,000,000 | | 2,320,400 |
Oklahoma Turnpike Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2027 | | 100,000 | | 112,474 |
Oklahoma Turnpike Authority 4.000% 01/01/2042 Callable @ 100.000 01/01/2027 | | 1,000,000 | | 1,121,560 |
*Tulsa Airports Improvement Trust 4.000% 06/01/2035 Callable @ 100.000 06/01/2028 | | 1,355,000 | | 1,535,500 |
Tulsa Airports Improvement Trust 4.000% 06/01/2036 Callable @ 100.000 06/01/2028 | | 145,000 | | 163,586 |
Tulsa Airports Improvement Trust 5.000% 06/01/2027 | | 300,000 | | 362,682 |
| | | | | 5,616,202 |
Utilities (26.8%) | | | | |
Clinton Public Works Authority 4.000% 12/01/2034 Callable @ 100.000 12/01/2024 | | 750,000 | | 796,710 |
Clinton Public Works Authority 4.000% 12/01/2039 Callable @ 100.000 12/01/2024 | | 500,000 | | 530,815 |
Coweta Public Works Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2026 | | 1,000,000 | | 1,121,390 |
Edmond Public Works Authority 4.000% 07/01/2047 Callable @ 100.000 07/01/2027 | | 1,000,000 | | 1,128,080 |
Edmond Public Works Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2027 | | 500,000 | | 599,920 |
Jenks Public Works Authority 3.000% 08/01/2029 Callable @ 100.000 08/01/2024 | | 325,000 | | 339,177 |
Miami Special Utility Authority 4.000% 12/01/2036 Callable @ 100.000 12/01/2026 | | 500,000 | | 559,125 |
Oklahoma City Water Utilities Trust 4.000% 07/01/2039 Callable @ 100.000 07/01/2025 | | 175,000 | | 188,293 |
Oklahoma City Water Utilities Trust 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 | | 100,000 | | 113,262 |
Oklahoma Water Resources Board 3.000% 10/01/2036 Callable @ 100.000 10/01/2030 | | 650,000 | | 712,465 |
Oklahoma Water Resources Board 4.000% 04/01/2033 Callable @ 100.000 04/01/2030 | | 500,000 | | 601,685 |
Oklahoma Water Resources Board 4.000% 04/01/2033 Callable @ 100.000 04/01/2030 | | 1,000,000 | | 1,207,780 |
Oklahoma Water Resources Board 4.000% 10/01/2032 Callable @ 100.000 10/01/2031 | | 235,000 | | 288,787 |
Oklahoma Water Resources Board 4.000% 10/01/2033 Callable @ 100.000 10/01/2031 | | 200,000 | | 244,522 |
Oklahoma Water Resources Board 4.000% 10/01/2034 Callable @ 100.000 10/01/2031 | | 310,000 | | 376,811 |
Oklahoma Water Resources Board 4.000% 10/01/2035 Callable @ 100.000 10/01/2031 | | 430,000 | | 521,358 |
Oklahoma Water Resources Board 4.000% 10/01/2036 Callable @ 100.000 10/01/2031 | | 200,000 | | 242,086 |
Oklahoma Water Resources Board 4.000% 10/01/2038 Callable @ 100.000 10/01/2028 | | 325,000 | | 375,970 |
Oklahoma Water Resources Board 4.000% 10/01/2043 Callable @ 100.000 10/01/2028 | | 830,000 | | 953,131 |
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 | | 955,000 | | 1,137,185 |
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 | | 465,000 | | 551,592 |
Oklahoma Water Resources Board 4.000% 10/01/2048 Callable @ 100.000 10/01/2028 | | 1,460,000 | | 1,661,100 |
Oklahoma Water Resources Board 4.000% 10/01/2050 Callable @ 100.000 10/01/2030 | | 515,000 | | 605,712 |
Oklahoma Water Resources Board 5.000% 04/01/2032 Callable @ 100.000 04/01/2022 | | 140,000 | | 142,489 |
Oklahoma Water Resources Board 5.000% 10/01/2029 Callable @ 100.000 10/01/2024 | | 250,000 | | 278,580 |
Oklahoma Water Resources Board 5.000% 10/01/2033 Callable @ 100.000 10/01/2024 | | 500,000 | | 555,790 |
Sand Springs Municipal Authority Water Sewer Utility & 1% Sales Tax Revenue 3.000% 11/01/2038 Callable @ 100.000 11/01/2028 | 980,000 | | 1,043,092 |
*Sand Springs Municipal Authority Water Sewer Utility & 1% Sales Tax Revenue 3.000% 11/01/2042 Callable @ 100.000 11/01/2028 | 1,500,000 | | 1,592,535 |
*Washington County Rural Water District No 3 3.000% 09/15/2041 Callable @ 100.000 03/01/2028 | | 3,000,000 | | 3,170,430 |
| | | | | 21,639,872 |
| | | | | |
TOTAL MUNICIPAL BONDS (COST: $72,741,425) | | | $ | 75,016,447 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (7.2%) | | | $ | 5,814,677 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 80,831,124 |
| | | | | |
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | | | | |
| | | | | |
VIKING TAX-FREE FUND FOR MONTANA | | | | |
Schedule of Investments October 29, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (98.0%) | | | | |
| | | | | |
Education (5.8%) | | | | |
Flathead County School District No 6 Columbia Falls 3.000% 07/01/2034 Callable @ 100.000 01/01/2031 | $ | 280,000 | $ | 311,119 |
Montana State Board of Regents 4.000% 11/15/2025 Callable @ 100.000 11/15/2022 | | 500,000 | | 519,880 |
Montana State Board of Regents 5.000% 11/15/2045 Callable @ 100.000 11/15/2027 | | 1,000,000 | | 1,205,900 |
Montana State Board of Regents 5.000% 11/15/2034 Callable @ 100.000 11/15/2031 | | 500,000 | | 656,520 |
Montana State Board of Regents 5.000% 11/15/2035 Callable @ 100.000 11/15/2031 | | 410,000 | | 536,998 |
Montana State Board of Regents 4.000% 11/15/2040 Callable @ 100.000 11/15/2031 | | 315,000 | | 373,905 |
Montana State Board of Regents 4.000% 11/15/2041 Callable @ 100.000 11/15/2031 | | 400,000 | | 473,216 |
Montana State Board of Regents 4.000% 11/15/2046 Callable @ 100.000 11/15/2031 | | 1,225,000 | | 1,429,894 |
| | | | | 5,507,431 |
General Obligation (48.7%) | | | | |
City of Bozeman MT 4.000% 07/01/2028 Callable @ 100.000 01/01/2024 | | 540,000 | | 581,380 |
City of Bozeman MT 4.000% 07/01/2034 Callable @ 100.000 07/01/2029 | | 500,000 | | 585,905 |
Broadwater County K 12 School District No 1 Townsend 3.000% 07/01/2038 Callable @ 100.000 07/01/2030 | | 475,000 | | 512,240 |
Broadwater County K 12 School District No 1 Townsend 3.000% 07/01/2039 Callable @ 100.000 07/01/2030 | | 410,000 | | 441,127 |
City & County of Butte Silver Bow MT 4.000% 07/01/2030 Callable @ 100.000 07/01/2026 | | 225,000 | | 251,613 |
City & County of Butte Silver Bow MT 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | | 240,000 | | 267,199 |
City & County of Butte Silver Bow MT 4.500% 07/01/2034 Callable @ 100.000 07/01/2026 | | 850,000 | | 967,513 |
Carbon County High School District No 1 Red Lodge 3.000% 07/01/2039 Callable @ 100.000 01/01/2031 | | 475,000 | | 520,453 |
Carbon County High School District No 1 Red Lodge 3.000% 07/01/2041 Callable @ 100.000 01/01/2031 | | 255,000 | | 277,677 |
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2037 Callable @ 100.000 01/01/2031 | | 580,000 | | 641,689 |
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2038 Callable @ 100.000 01/01/2031 | | 600,000 | | 662,748 |
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2039 Callable @ 100.000 01/01/2031 | | 620,000 | | 683,178 |
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2040 Callable @ 100.000 01/01/2031 | | 535,000 | | 587,451 |
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2041 Callable @ 100.000 01/01/2031 | | 500,000 | | 547,550 |
Cascade County Elementary School District No 1 Great Falls 4.000% 07/01/2031 Callable @ 100.000 07/01/2027 | | 700,000 | | 800,527 |
Cascade County High School District No C Centerville 3.000% 07/01/2041 Callable @ 100.000 07/01/2031 | | 175,000 | | 188,608 |
Cascade County School District 5/5C Centerville 3.000% 07/01/2033 Callable @ 100.000 07/01/2031 | | 305,000 | | 338,971 |
Cascade County School District 5/5C Centerville 3.000% 07/01/2035 Callable @ 100.000 07/01/2031 | | 250,000 | | 276,048 |
Cascade County School District 5/5C Centerville 3.000% 07/01/2037 Callable @ 100.000 07/01/2031 | | 245,000 | | 268,020 |
Cascade County School District 5/5C Centerville 3.000% 07/01/2039 Callable @ 100.000 07/01/2031 | | 365,000 | | 395,605 |
Cascade County School District 5/5C Centerville 3.000% 07/01/2041 Callable @ 100.000 07/01/2031 | | 200,000 | | 215,552 |
Flathead County High School District No 5 Kalispell 5.000% 07/01/2039 Callable @ 100.000 07/01/2028 | | 455,000 | | 559,959 |
Flathead County School District No 6 Columbia Falls 4.000% 07/01/2039 Callable @ 100.000 07/01/2030 | | 1,000,000 | | 1,167,140 |
Flathead County School District No 6 Columbia Falls 3.000% 07/01/2038 Callable @ 100.000 01/01/2031 | | 250,000 | | 274,145 |
Flathead County School District No 6 Columbia Falls 3.000% 07/01/2040 Callable @ 100.000 01/01/2031 | | 250,000 | | 271,865 |
City of Fort Benton MT 3.000% 07/01/2035 Callable @ 100.000 07/01/2030 | | 715,000 | | 775,804 |
City of Fort Benton MT 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | | 770,000 | | 820,658 |
Gallatin County MO Etc MO High School District No J 24 Three Forks 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | | 465,000 | | 559,186 |
Gallatin County MO Etc MO High School District No J 24 Three Forks 4.000% 07/01/2037 Callable @ 100.000 07/01/2030 | | 605,000 | | 707,699 |
Gallatin County High School District No 7 Bozeman 3.000% 12/01/2034 Callable @ 100.000 06/01/2027 | | 500,000 | | 531,390 |
Gallatin County High School District No 7 Bozeman 3.000% 06/01/2035 Callable @ 100.000 06/01/2027 | | 300,000 | | 317,196 |
Gallatin County School District No 72 Ophir 4.000% 07/01/2031 Callable @ 100.000 07/01/2030 | | 775,000 | | 932,666 |
Gallatin County School District No 72 Ophir 4.000% 07/01/2032 Callable @ 100.000 07/01/2030 | | 695,000 | | 833,263 |
Gallatin County School District No 72 Ophir 4.000% 07/01/2034 Callable @ 100.000 07/01/2030 | | 310,000 | | 366,795 |
Gallatin County School District No 72 Ophir 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | | 535,000 | | 631,450 |
Gallatin County School District No 72 Ophir 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 | | 565,000 | | 668,016 |
Gallatin County School District No 72 Ophir 4.000% 07/01/2037 Callable @ 100.000 07/01/2030 | | 800,000 | | 940,000 |
Gallatin County School District No 7 Bozeman 4.000% 12/01/2032 Callable @ 100.000 06/01/2026 | | 610,000 | | 677,015 |
Gallatin County School District No 7 Bozeman 4.000% 12/01/2033 Callable @ 100.000 06/01/2026 | | 260,000 | | 287,953 |
Gallatin County School District No 27 Monforton 4.250% 06/15/2026 Callable @ 100.000 06/15/2023 | | 415,000 | | 441,523 |
Gallatin County School District No 44 Belgrade 3.500% 06/15/2028 | | 575,000 | | 575,811 |
Gallatin County School District No 44 Belgrade 4.000% 06/01/2031 Callable @ 100.000 06/01/2029 | | 265,000 | | 312,239 |
Gallatin County School District No 44 Belgrade 4.000% 06/01/2036 Callable @ 100.000 06/01/2029 | | 345,000 | | 401,173 |
Gallatin County School District No 3 Manhattan 4.000% 07/01/2034 Callable @ 100.000 07/01/2026 | | 465,000 | | 516,662 |
Missoula High School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | | 275,000 | | 307,090 |
Hellgate School District No 4 5.000% 06/15/2028 Callable @ 100.000 06/15/2027 | | 500,000 | | 616,250 |
Hellgate School District No 4 5.000% 06/15/2029 Callable @ 100.000 06/15/2027 | | 500,000 | | 605,695 |
Hellgate School District No 4 5.000% 06/15/2030 Callable @ 100.000 06/15/2027 | | 500,000 | | 604,900 |
Missoula County School District No 7 Lolo 3.000% 07/01/2045 Callable @ 100.000 07/01/2031 | | 470,000 | | 499,629 |
Missoula County School District No 7 Lolo 3.000% 07/01/2046 Callable @ 100.000 07/01/2031 | | 480,000 | | 508,118 |
Missoula County School District No 7 Lolo 3.000% 07/01/2047 Callable @ 100.000 07/01/2031 | | 510,000 | | 538,672 |
Missoula County School District No 7 Lolo 3.000% 07/01/2048 Callable @ 100.000 07/01/2031 | | 540,000 | | 568,442 |
Desmet School District No 20 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | | 320,000 | | 346,854 |
DeSmet School District No 20 3.000% 07/01/2041 Callable @ 100.000 07/01/2031 | | 200,000 | | 221,648 |
City of Missoula MT 4.000% 07/01/2031 Callable @ 100.000 07/01/2025 | | 250,000 | | 275,258 |
*Missoula County Elementary School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | | 500,000 | | 554,995 |
Missoula County Elementary School District No 1 4.000% 07/01/2033 Callable @ 100.000 07/01/2026 | | 750,000 | | 835,718 |
State of Montana 4.000% 08/01/2023 | | 385,000 | | 412,420 |
State of Montana 4.000% 08/01/2026 Callable @ 100.000 08/01/2024 | | 855,000 | | 941,287 |
State of Montana 4.000% 08/01/2027 Callable @ 100.000 08/01/2024 | | 480,000 | | 526,176 |
State of Montana 5.000% 08/01/2030 | | 500,000 | | 661,215 |
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 | | 250,000 | | 286,923 |
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | | 965,000 | | 1,106,778 |
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | | 355,000 | | 406,340 |
County of Ravalli MT 4.250% 07/01/2030 Callable @ 100.000 07/01/2024 | | 755,000 | | 815,083 |
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | | 250,000 | | 288,465 |
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | | 250,000 | | 287,885 |
*Silver Bow County School District No 1 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | | 1,960,000 | | 2,247,963 |
Stillwater County Elementary School District No 6 Columbus 5.000% 07/01/2039 Callable @ 100.000 07/01/2029 | | 300,000 | | 372,867 |
Stillwater County High School District No 6 Columbus 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 | | 530,000 | | 623,153 |
Stillwater County High School District No 6 Columbus 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | | 275,000 | | 321,816 |
Valley County K 12 School District No 1 A Glasgow/MT 4.250% 07/01/2031 Callable @ 100.000 07/01/2023 | | 450,000 | | 475,731 |
Wibaux County School District No 6 Wibaux 3.000% 07/01/2029 Callable @ 100.000 07/01/2025 | | 355,000 | | 375,246 |
Yellowstone County High School District No 7 Laurel 3.000% 07/01/2025 | | 225,000 | | 244,262 |
Yellowstone County School District No 2 Billings 5.000% 06/15/2024 | | 500,000 | | 565,090 |
Yellowstone County School District No 2 Billings 3.000% 06/15/2032 Callable @ 100.000 12/15/2027 | | 630,000 | | 678,649 |
Yellowstone County School District No 2 Billings 3.000% 06/15/2034 Callable @ 100.000 12/15/2027 | | 315,000 | | 336,669 |
Yellowstone County School District No 2 Billings 3.000% 06/15/2035 Callable @ 100.000 12/15/2027 | | 430,000 | | 455,310 |
Yellowstone County School District No 8 Elder Grove 4.000% 07/01/2037 Callable @ 100.000 07/01/2028 | | 875,000 | | 991,961 |
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2037 Callable @ 100.000 07/01/2028 | | 1,000,000 | | 1,219,270 |
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2038 Callable @ 100.000 07/01/2028 | | 1,500,000 | | 1,804,635 |
| | | | | 46,509,121 |
Health Care (13.5%) | | | | |
Montana Facility Finance Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 | | 1,000,000 | | 1,202,620 |
Montana Facility Finance Authority 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | | 1,000,000 | | 1,194,060 |
*Montana Facility Finance Authority 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | | 1,075,000 | | 1,213,385 |
Montana Facility Finance Authority 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | | 2,000,000 | | 2,144,680 |
Montana Facility Finance Authority 5.000% 08/15/2048 Callable @ 100.000 08/15/2028 | | 500,000 | | 594,560 |
Montana Facility Finance Authority 4.000% 01/01/2037 Callable @ 100.000 01/01/2030 | | 200,000 | | 233,706 |
Montana Facility Finance Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2030 | | 1,500,000 | | 1,745,355 |
Montana Facility Finance Authority 5.000% 06/01/2028 Callable @ 100.000 12/01/2024 | | 1,015,000 | | 1,121,037 |
Montana Facility Finance Authority 5.000% 06/01/2029 Callable @ 100.000 06/01/2025 | | 915,000 | | 1,018,724 |
Montana Facility Finance Authority 5.000% 06/01/2035 Callable @ 100.000 06/01/2028 | | 425,000 | | 507,748 |
Montana Facility Finance Authority 5.000% 06/01/2036 Callable @ 100.000 06/01/2028 | | 700,000 | | 833,616 |
Montana Facility Finance Authority 3.000% 06/01/2050 Callable @ 100.000 06/01/2031 | | 350,000 | | 367,402 |
County of Yellowstone MT 4.000% 10/01/2029 Callable @ 100.000 10/01/2024 | | 710,000 | | 771,884 |
| | | | | 12,948,776 |
Housing (5.9%) | | | | |
Montana Board of Housing 3.000% 12/01/2023 Callable @ 100.000 12/01/2022 | | 60,000 | | 60,805 |
Montana Board of Housing 3.150% 06/01/2024 Callable @ 100.000 12/01/2022 | | 240,000 | | 244,903 |
Montana Board of Housing 3.150% 12/01/2024 Callable @ 100.000 12/01/2022 | | 85,000 | | 86,695 |
Montana Board of Housing 3.350% 06/01/2025 Callable @ 100.000 12/01/2022 | | 110,000 | �� | 111,884 |
Montana Board of Housing 3.875% 12/01/2023 Callable @ 100.000 06/01/2023 | | 110,000 | | 113,542 |
Montana Board of Housing 4.050% 06/01/2024 Callable @ 100.000 06/01/2023 | | 105,000 | | 110,096 |
Montana Board of Housing 4.050% 12/01/2024 Callable @ 100.000 06/01/2023 | | 290,000 | | 302,879 |
Montana Board of Housing 4.650% 12/01/2028 Callable @ 100.000 06/01/2023 | | 165,000 | | 171,417 |
Montana Board of Housing 3.400% 12/01/2033 Callable @ 100.000 12/01/2027 | | 345,000 | | 375,774 |
Montana Board of Housing 3.250% 12/01/2044 Callable @ 100.000 12/01/2028 | | 1,310,000 | | 1,387,133 |
Montana Board of Housing 2.800% 12/01/2039 Callable @ 100.000 06/01/2029 | | 815,000 | | 848,741 |
Montana Board of Housing 3.000% 12/01/2045 Callable @ 100.000 06/01/2029 | | 455,000 | | 470,893 |
Montana Board of Housing 1.800% 06/01/2033 Callable @ 100.000 12/01/2030 | | 250,000 | | 247,240 |
Montana Board of Housing 1.850% 12/01/2036 Callable @ 100.000 12/01/2030 | | 250,000 | | 239,835 |
Montana Board of Housing 3.800% 12/01/2038 Callable @ 100.000 06/01/2028 | | 830,000 | | 900,401 |
| | | | | 5,672,238 |
Other Revenue (8.4%) | | | | |
City of Billings MT 5.500% 07/01/2026 | | 205,000 | | 205,076 |
City of Billings MT 4.800% 07/01/2022 | | 15,000 | | 15,002 |
City of Billings MT 4.375% 07/01/2029 Callable @ 100.000 01/01/2023 | | 490,000 | | 496,738 |
*City of Billings MT 5.000% 07/01/2033 Callable @ 100.000 01/01/2023 | | 900,000 | | 920,331 |
City of Billings MT 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 | | 710,000 | | 805,502 |
City of Billings MT 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 | | 405,000 | | 458,837 |
Gallatin County Rural Improvement District 5.500% 07/01/2025 | | 325,000 | | 325,276 |
*Gallatin County Rural Improvement District 6.000% 07/01/2030 | | 1,000,000 | | 1,000,280 |
City of Great Falls MT 3.000% 07/01/2035 Callable @ 100.000 07/01/2030 | | 1,005,000 | | 1,015,703 |
City of Kalispell MT 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | | 500,000 | | 605,050 |
City of Livingston MT 4.000% 07/01/2034 Callable @ 100.000 01/01/2029 | | 525,000 | | 582,582 |
Madison County Rural Improvement District 5.500% 07/01/2025 | | 185,000 | | 185,155 |
*Madison County Rural Improvement District 6.000% 07/01/2030 | | 1,000,000 | | 1,000,270 |
City of Missoula MT 4.750% 07/01/2027 | | 90,000 | | 90,048 |
City of Missoula MT 6.000% 07/01/2030 | | 180,000 | | 180,029 |
City of Missoula MT 5.125% 07/01/2026 | | 125,000 | | 125,013 |
| | | | | 8,010,891 |
PreRefunded (7.2%) | | | | |
Montana State Board of Regents 5.000% 11/15/2023 Callable @ 100.000 11/15/2021 | | 250,000 | | 250,548 |
*Montana State Board of Regents 4.000% 05/15/2025 Callable @ 100.000 05/15/2022 | | 2,000,000 | | 2,042,340 |
Montana State Board of Regents 4.000% 05/15/2026 Callable @ 100.000 05/15/2022 | | 1,145,000 | | 1,169,240 |
Montana State Board of Regents 5.000% 11/15/2025 Callable @ 100.000 11/15/2023 | | 500,000 | | 548,905 |
Montana State Board of Regents 5.000% 11/15/2030 Callable @ 100.000 11/15/2023 | | 240,000 | | 261,766 |
Yellowstone County School District No 2 Billings 5.000% 06/15/2026 Callable @ 100.000 06/15/2024 | | 515,000 | | 577,727 |
Yellowstone County School District No 2 Billings 5.000% 06/15/2027 Callable @ 100.000 06/15/2024 | | 1,000,000 | | 1,118,720 |
Yellowstone County School District No 2 Billings 5.000% 06/15/2031 Callable @ 100.000 06/15/2025 | | 350,000 | | 403,214 |
Yellowstone County School District No 2 Billings 5.000% 06/15/2032 Callable @ 100.000 06/15/2025 | | 435,000 | | 503,852 |
| | | | | 6,876,311 |
Transportation (1.5%) | | | | |
Missoula Parking Commission 4.000% 10/01/2026 Callable @ 100.000 04/01/2024 | | 835,000 | | 903,428 |
Missoula Special Improvement Districts/MT 4.600% 07/01/2024 | | 100,000 | | 100,101 |
Missoula Special Improvement Districts/MT 4.600% 07/01/2025 | | 105,000 | | 105,095 |
Missoula Special Improvement Districts/MT 5.400% 07/01/2029 | | 370,000 | | 370,078 |
| | | | | 1,478,701 |
Utilities (7.0%) | | | | |
City of Billings MT 5.000% 07/01/2031 Callable @ 100.000 07/01/2027 | | 260,000 | | 314,805 |
City of Billings MT Solid Waste System Revenue 3.500% 07/01/2039 Callable @ 100.000 07/01/2027 | | 1,510,000 | | 1,634,213 |
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2025 Callable @ 100.000 07/01/2023 | | 215,000 | | 228,704 |
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2026 Callable @ 100.000 07/01/2023 | | 225,000 | | 238,547 |
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2028 Callable @ 100.000 07/01/2025 | | 250,000 | | 279,463 |
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2029 Callable @ 100.000 07/01/2025 | | 250,000 | | 276,710 |
City of Dillon MT Water & Sewer System Revenue 4.000% 07/01/2033 Callable @ 100.000 07/01/2025 | | 250,000 | | 275,638 |
Four Corners County Water & Sewer District 4.000% 07/01/2035 Callable @ 100.000 07/01/2031 | | 585,000 | | 693,810 |
Four Corners County Water & Sewer District 4.000% 07/01/2036 Callable @ 100.000 07/01/2031 | | 610,000 | | 721,288 |
Four Corners County Water & Sewer District 4.000% 07/01/2036 Callable @ 100.000 07/01/2031 | | 525,000 | | 621,800 |
City of Missoula MT Water System Revenue 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | | 565,000 | | 699,261 |
City of Missoula MT Water System Revenue 4.000% 07/01/2037 Callable @ 100.000 07/01/2028 | | 600,000 | | 696,126 |
| | | | | 6,680,364 |
| | | | | |
TOTAL MUNICPAL BONDS (COST: $90,493,650) | | | $ | 93,683,833 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (2.0%) | | | $ | 1,873,813 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 95,557,645 |
| |
*Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases. |
| | | | | |
VIKING TAX-FREE FUND FOR NORTH DAKOTA | | | | |
Schedule of Investments October 29, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (97.9%) | | | | |
| | | | | |
Education (13.9%) | | | | |
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2025 Callable @ 100.000 04/01/2024 | $ | 415,000 | $ | 453,475 |
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2028 Callable @ 100.000 04/01/2024 | | 365,000 | | 386,823 |
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2033 Callable @ 100.000 04/01/2025 | | 500,000 | | 535,510 |
State Board of Higher Education of the State of North Dakota 3.250% 04/01/2037 Callable @ 100.000 04/01/2027 | | 250,000 | | 266,343 |
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2044 Callable @ 100.000 04/01/2029 | | 500,000 | | 565,605 |
State Board of Higher Education of the State of North Dakota 3.125% 07/01/2037 Callable @ 100.000 07/01/2029 | | 200,000 | | 197,910 |
State Board of Higher Education of the State of North Dakota 3.200% 07/01/2039 Callable @ 100.000 07/01/2029 | | 200,000 | | 198,122 |
State Board of Higher Education of the State of North Dakota 2.000% 08/01/2033 Callable @ 100.000 08/01/2028 | | 200,000 | | 199,682 |
State Board of Higher Education of the State of North Dakota 2.000% 08/01/2034 Callable @ 100.000 08/01/2028 | | 415,000 | | 409,443 |
University of North Dakota 4.000% 06/01/2040 Callable @ 100.000 06/01/2030 | | 1,000,000 | | 1,152,030 |
University of North Dakota 5.000% 04/01/2024 Callable @ 100.000 04/01/2022 | | 250,000 | | 254,983 |
| | | | | 4,619,925 |
General Obligation (29.6%) | | | | |
Dickinson Public School District No 1 4.000% 08/01/2034 Callable @ 100.000 08/01/2025 | | 400,000 | | 434,656 |
City of Grand Forks ND 4.000% 12/01/2039 Callable @ 100.000 12/01/2028 | | 470,000 | | 532,684 |
City of Grand Forks ND 4.500% 05/01/2032 Callable @ 100.000 05/01/2025 | | 240,000 | | 261,233 |
City of Horace ND 4.250% 05/01/2035 Callable @ 100.000 05/01/2023 | | 340,000 | | 351,213 |
City of Horace ND 3.000% 05/01/2037 Callable @ 100.000 05/01/2026 | | 500,000 | | 523,305 |
City of Horace ND 3.000% 05/01/2034 Callable @ 100.000 05/01/2027 | | 500,000 | | 519,445 |
Mandan Public School District No 1 3.125% 08/01/2024 Callable @ 100.000 08/01/2022 | | 200,000 | | 204,622 |
Mandan Public School District No 1 3.000% 08/01/2033 Callable @ 100.000 08/01/2029 | | 1,000,000 | | 1,103,050 |
City of Minot ND Airport Revenue 3.500% 10/01/2025 Callable @ 100.000 10/01/2022 | | 570,000 | | 585,082 |
City of Minot ND Airport Revenue 4.000% 10/01/2028 Callable @ 100.000 10/01/2022 | | 355,000 | | 364,191 |
Nesson Public School District No 2 4.000% 08/01/2039 Callable @ 100.000 08/01/2027 | | 500,000 | | 551,730 |
Thompson Public School District No 61 1.550% 08/01/2038 Callable @ 100.000 08/01/2028 | | 275,000 | | 262,672 |
City of West Fargo ND 2.000% 05/01/2037 Callable @ 100.000 05/01/2026 | | 350,000 | | 345,153 |
City of West Fargo ND 2.250% 05/01/2040 Callable @ 100.000 05/01/2026 | | 500,000 | | 502,450 |
West Fargo Park District 3.000% 05/01/2029 | | 275,000 | | 310,409 |
West Fargo Park District 2.000% 05/01/2030 Callable @ 100.000 05/01/2029 | | 285,000 | | 298,483 |
West Fargo Park District 2.000% 05/01/2031 Callable @ 100.000 05/01/2029 | | 290,000 | | 301,507 |
West Fargo Park District 2.000% 05/01/2032 Callable @ 100.000 05/01/2029 | | 295,000 | | 304,685 |
West Fargo Public School District No 6 3.000% 08/01/2035 Callable @ 100.000 08/01/2028 | | 1,000,000 | | 1,093,980 |
West Fargo Public School District No 6 3.000% 08/01/2036 Callable @ 100.000 08/01/2028 | | 500,000 | | 547,405 |
City of Williston ND 4.000% 05/01/2035 Callable @ 100.000 05/01/2023 | | 200,000 | | 206,370 |
City of Williston ND 4.000% 05/01/2038 Callable @ 100.000 05/01/2023 | | 230,000 | | 236,944 |
| | | | | 9,841,268 |
Health Care (15.2%) | | | | |
County of Burleigh ND 3.500% 11/01/2028 Callable @ 101.000 11/01/2025 | | 215,000 | | 220,255 |
County of Burleigh ND 4.000% 11/01/2032 Callable @ 101.000 11/01/2025 | | 250,000 | | 255,808 |
County of Cass ND 5.000% 02/15/2033 Callable @ 100.000 02/15/2028 | | 445,000 | | 530,369 |
County of Cass ND 4.125% 02/15/2037 Callable @ 100.000 02/15/2028 | | 595,000 | | 665,353 |
*County of Cass ND 4.250% 02/15/2043 Callable @ 100.000 02/15/2028 | | 1,290,000 | | 1,432,687 |
City of Grand Forks ND 5.000% 12/01/2022 Callable @ 100.000 12/01/2021 | | 500,000 | | 502,175 |
City of Grand Forks ND 4.000% 12/01/2027 Callable @ 100.000 12/01/2021 | | 400,000 | | 400,804 |
City of Grand Forks ND 5.000% 12/01/2032 Callable @ 100.000 12/01/2021 | | 250,000 | | 250,728 |
City of Grand Forks ND 3.000% 12/01/2039 Callable @ 100.000 12/01/2031 | | 250,000 | | 261,893 |
City of Grand Forks ND 5.125% 12/01/2025 | | 250,000 | | 271,620 |
City of Langdon ND 6.200% 01/01/2025 | | 130,000 | | 130,144 |
County of Ward ND 5.000% 06/01/2053 Callable @ 100.000 06/01/2028 | | 100,000 | | 112,319 |
| | | | | 5,034,153 |
Housing (9.2%) | | | | |
North Dakota Housing Finance Agency 1.150% 01/01/2028 | | 500,000 | | 501,250 |
North Dakota Housing Finance Agency 1.750% 01/01/2031 Callable @ 100.000 07/01/2030 | | 500,000 | | 499,140 |
*North Dakota Housing Finance Agency 3.550% 07/01/2040 Callable @ 100.000 07/01/2026 | | 580,000 | | 612,364 |
North Dakota Housing Finance Agency 3.550% 07/01/2033 Callable @ 100.000 07/01/2027 | | 155,000 | | 167,324 |
North Dakota Housing Finance Agency 3.750% 07/01/2038 | | 390,000 | | 410,116 |
North Dakota Housing Finance Agency 3.500% 07/01/2035 Callable @ 100.000 07/01/2028 | | 30,000 | | 30,029 |
North Dakota Housing Finance Agency 2.950% 07/01/2039 Callable @ 100.000 01/01/2029 | | 245,000 | | 256,197 |
North Dakota Housing Finance Agency 3.050% 07/01/2043 Callable @ 100.000 01/01/2029 | | 245,000 | | 253,727 |
North Dakota Housing Finance Agency 3.000% 07/01/2040 Callable @ 100.000 07/01/2029 | | 315,000 | | 328,536 |
| | | | | 3,058,682 |
Other Revenue (21.8%) | | | | |
County of Barnes ND 4.000% 05/01/2032 Callable @ 100.000 05/01/2025 | | 250,000 | | 271,085 |
County of Barnes ND 4.000% 05/01/2040 Callable @ 100.000 05/01/2025 | | 500,000 | | 536,055 |
City of Grand Forks ND 5.000% 12/15/2028 Callable @ 100.000 12/15/2025 | | 250,000 | | 291,435 |
Jamestown Park District/ND 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 | | 500,000 | | 530,715 |
Jamestown Park District/ND 4.000% 07/01/2033 Callable @ 100.000 07/01/2024 | | 345,000 | | 365,514 |
Jamestown Park District/ND 3.000% 07/01/2035 Callable @ 100.000 07/01/2024 | | 500,000 | | 513,330 |
*City of Mandan ND 4.000% 09/01/2034 Callable @ 100.000 09/01/2024 | | 500,000 | | 532,395 |
*City of Mandan ND 3.250% 09/01/2041 Callable @ 100.000 09/01/2024 | | 1,250,000 | | 1,281,963 |
Minot Park District 3.000% 12/01/2028 Callable @ 100.000 12/01/2023 | | 250,000 | | 258,553 |
Minot Park District 3.750% 12/01/2038 Callable @ 100.000 12/01/2025 | | 435,000 | | 464,693 |
City of Minot ND 2.000% 10/01/2042 Callable @ 100.000 10/01/2028 | | 595,000 | | 566,660 |
City of Minot ND 3.000% 10/01/2038 Callable @ 100.000 10/01/2029 | | 500,000 | | 534,655 |
North Dakota Public Finance Authority 5.000% 06/01/2031 | | 240,000 | | 240,010 |
North Dakota Public Finance Authority 4.000% 06/01/2030 Callable @ 100.000 06/01/2023 | | 400,000 | | 417,628 |
North Dakota Public Finance Authority 4.000% 06/01/2028 Callable @ 100.000 06/01/2024 | | 265,000 | | 285,066 |
North Dakota Public Finance Authority 5.000% 06/01/2028 Callable @ 100.000 06/01/2025 | | 130,000 | | 149,087 |
| | | | | 7,238,842 |
PreRefunded (4.5%) | | | | |
County of Burleigh ND 5.000% 07/01/2022 | | 300,000 | | 310,251 |
County of Burleigh ND 4.500% 07/01/2032 Callable @ 100.000 07/01/2022 | | 250,000 | | 257,235 |
County of Burleigh ND Multi County Sales Tax Revenue 4.000% 11/01/2032 Callable @ 100.000 11/01/2022 | | 400,000 | | 410,468 |
City of Fargo ND 6.000% 11/01/2028 Callable @ 100.000 11/01/2021 | | 500,000 | | 500,150 |
| | | | | 1,478,104 |
Utilities (3.7%) | | | | |
City of Grand Forks ND Sanitation Revenue 2.600% 09/01/2038 Callable @ 100.000 09/01/2027 | | 290,000 | | 296,235 |
City of Grand Forks ND Sanitation Revenue 2.625% 09/01/2040 Callable @ 100.000 09/01/2027 | | 485,000 | | 492,973 |
Mclean Sheridan Water District 2.000% 09/01/2038 Callable @ 100.000 09/01/2028 | | 205,000 | | 196,587 |
City of West Fargo ND Water & Sewer Revenue 2.625% 11/01/2034 Callable @ 100.000 11/01/2025 | | 250,000 | | 253,378 |
| | | | | 1,239,173 |
| | | | | |
TOTAL MUNICIPAL BONDS (COST: $31,772,783) | | | $ | 32,510,147 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (2.1%) | | | | 710,966 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 33,221,113 |
| |
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
