Item 1. Schedule of Investments | ||||
KANSAS MUNICIPAL FUND | ||||
Schedule of Investments October 30, 2020 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (92.9%) | ||||
Education (3.1%) | ||||
Johnson County Community College Foundation Inc 4.000% 11/15/2023 | $ | 870,000 | $ | 965,387 |
Kansas Development Finance Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2028 | 500,000 | 554,015 | ||
Kansas Development Finance Authority 3.000% 10/01/2044 Callable @ 100.000 10/01/2027 | 500,000 | 510,115 | ||
Kansas Development Finance Authority 5.000% 06/01/2027 Callable @ 100.000 06/01/2021 | 250,000 | 256,915 | ||
| 2,286,432 | |||
General Obligation (37.3%) | ||||
*Allen County Unified School District No 257 3.000% 09/01/2038 Callable @ 100.000 09/01/2028 | 1,000,000 | 1,050,390 | ||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2027 Callable @ 100.000 09/01/2024 | 250,000 | 289,770 | ||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2028 Callable @ 100.000 09/01/2024 | 250,000 | 291,370 | ||
City of Arkansas City KS 2.000% 08/01/2036 Callable @ 100.000 02/01/2028 | 500,000 | 506,165 | ||
City of Bonner Springs KS 2.000% 09/01/2040 Callable @ 100.000 09/01/2027 | 325,000 | 311,373 | ||
City of Bonner Springs KS 3.000% 09/01/2044 Callable @ 100.000 09/01/2028 | 1,060,000 | 1,138,493 | ||
City of Burlingame KS 3.000% 09/01/2045 Callable @ 100.000 09/01/2027 | 365,000 | 373,734 | ||
City of Hillsboro KS 3.000% 09/01/2024 | 100,000 | 105,193 | ||
City of Hillsboro KS 3.000% 09/01/2027 Callable @ 100.000 09/01/2026 | 225,000 | 240,014 | ||
City of Hillsboro KS 3.000% 09/01/2028 Callable @ 100.000 09/01/2026 | 230,000 | 240,040 | ||
City of Hillsboro KS 3.000% 09/01/2029 Callable @ 100.000 09/01/2026 | 240,000 | 248,431 | ||
#City of Hutchinson KS 2.500% 10/01/2040 Callable @ 100.000 10/01/2029 | 420,000 | 433,016 | ||
City of South Hutchinson KS 4.000% 10/01/2038 Callable @ 100.000 10/01/2025 | 355,000 | 380,233 | ||
City of Topeka KS 3.000% 08/15/2021 | 1,000,000 | 1,020,770 | ||
City of Topeka KS 3.000% 08/15/2022 | 500,000 | 523,680 | ||
City of Wichita KS 2.000% 12/01/2038 Callable @ 100.000 12/01/2028 | 250,000 | 246,495 | ||
City of Wichita KS 4.500% 09/01/2022 | 150,000 | 150,131 | ||
City of Wichita KS 4.750% 09/01/2027 | 180,000 | 180,131 | ||
County of Clay KS 4.000% 10/01/2036 Callable @ 100.000 10/01/2024 | 500,000 | 541,125 | ||
County of Johnson KS 2.000% 09/01/2034 Callable @ 100.000 09/01/2029 | 500,000 | 512,180 | ||
County of Linn KS 3.000% 07/01/2036 Callable @ 100.000 07/01/2029 | 1,100,000 | 1,184,095 | ||
County of Scott KS 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 | 500,000 | 597,435 | ||
County of Seward KS 5.000% 08/01/2034 | 240,000 | 240,158 | ||
County of Thomas KS 3.000% 12/01/2047 Callable @ 100.000 12/01/2029 | 1,000,000 | 1,048,640 | ||
Douglas County Unified School District No 348 Baldwin City 4.000% 09/01/2030 Callable @ 100.000 09/01/2025 | 250,000 | 284,660 | ||
Geary County Unified School District No 475 4.000% 09/01/2033 Callable @ 100.000 09/01/2025 | 350,000 | 392,515 | ||
Greenwood County Unified School District No 389 Eureka 4.000% 09/01/2021 | 150,000 | 154,157 | ||
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2037 Callable @ 100.000 09/01/2027 | 500,000 | 632,820 | ||
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 2,000,000 | 2,567,860 | ||
Johnson County Unified School District No 231 Gardner Edgerton 5.000% 10/01/2025 Callable @ 100.000 10/01/2023 | 250,000 | 285,905 | ||
Leavenworth County Unified School District No 453 4.000% 09/01/2037 Callable @ 100.000 09/01/2026 | 650,000 | 729,190 | ||
Leavenworth County Unified School District No 464 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 | 500,000 | 585,755 | ||
#Linn County Unified School District No 362 Prairie View 3.000% 09/01/2035 Callable @ 100.000 09/01/2028 | 500,000 | 543,335 | ||
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 750,000 | 854,543 | ||
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2048 Callable @ 100.000 09/01/2027 | 1,000,000 | 1,082,680 | ||
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 Callable @ 100.000 09/01/2021 | 10,000 | 10,415 | ||
Rice County Unified School District No 444 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 | 710,000 | 839,398 | ||
Riley County Unified School District No 378 Riley 4.000% 09/01/2028 Callable @ 100.000 09/01/2027 | 680,000 | 814,613 | ||
Riley County Unified School District No 383 Manhattan Ogden 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 1,000,000 | 1,133,770 | ||
Sedgwick County Unified School District No 261 Haysville 5.000% 11/01/2021 | 5,000 | 5,003 | ||
Sedgwick County Unified School District No 262 Valley Center 5.000% 09/01/2035 Callable @ 100.000 09/01/2024 | 405,000 | 460,100 | ||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | 85,000 | 92,399 | ||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | 500,000 | 545,855 | ||
Wyandotte County Kansas City Unified Government 2.250% 08/01/2038 Callable @ 100.000 08/01/2028 | 1,000,000 | 1,017,850 | ||
Wyandotte County Kansas City Unified Government 2.375% 08/01/2040 Callable @ 100.000 08/01/2028 | 1,000,000 | 1,015,960 | ||
Wyandotte County Unified School District No 500 Kansas City 5.000% 09/01/2026 | 1,000,000 | 1,245,110 | ||
| 27,146,954 | |||
Health Care (15.0%) | ||||
Ashland Public Building Commission 5.000% 09/01/2030 Callable @ 100.000 09/01/2023 | 1,020,000 | 1,093,552 | ||
Ashland Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2024 | 550,000 | 598,081 | ||
Ashland Public Building Commission 5.000% 09/01/2035 Callable @ 100.000 09/01/2023 | 500,000 | 528,485 | ||
City of Lawrence KS 5.000% 07/01/2043 Callable @ 100.000 07/01/2028 | 1,500,000 | 1,759,035 | ||
City of Manhattan KS 5.000% 11/15/2023 Callable @ 100.000 11/15/2022 | 250,000 | 274,043 | ||
City of Manhattan KS 5.000% 11/15/2024 Callable @ 100.000 11/15/2022 | 250,000 | 273,883 | ||
City of Manhattan KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2022 | 500,000 | 540,690 | ||
City of Olathe KS 4.000% 09/01/2028 Callable @ 100.000 09/01/2021 | 250,000 | 256,508 | ||
City of Olathe KS 4.000% 09/01/2030 Callable @ 100.000 09/01/2021 | 295,000 | 301,971 | ||
Kansas Development Finance Authority 4.125% 11/15/2027 Callable @ 100.000 11/15/2022 | 100,000 | 106,961 | ||
University of Kansas Hospital Authority 3.000% 03/01/2041 Callable @ 100.000 03/01/2030 | 500,000 | 501,875 | ||
University of Kansas Hospital Authority 4.000% 09/01/2040 Callable @ 100.000 09/01/2025 | 500,000 | 545,300 | ||
University of Kansas Hospital Authority 4.000% 09/01/2048 Callable @ 100.000 03/01/2029 | 1,000,000 | 1,109,960 | ||
University of Kansas Hospital Authority 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 500,000 | 576,275 | ||
University of Kansas Hospital Authority 5.000% 09/01/2048 Callable @ 100.000 03/01/2029 | 2,000,000 | 2,424,620 | ||
| 10,891,238 | |||
Other Revenue (9.1%) | ||||
City of Manhattan KS 4.500% 12/01/2025 Callable @ 100.000 12/01/2020 | 500,000 | 501,800 | ||
City of Manhattan KS 5.000% 12/01/2026 | 355,000 | 355,344 | ||
*City of Manhattan KS 5.000% 12/01/2032 Callable @ 100.000 12/01/2020 | 1,000,000 | 1,003,610 | ||
City of Wichita KS 4.000% 09/01/2038 Callable @ 100.000 09/01/2027 | 1,000,000 | 1,084,950 | ||
Dickson County Public Building Commission 4.000% 08/01/2038 Callable @ 100.000 08/01/2028 | 750,000 | 860,685 | ||
Hoisington Public Building Commission 3.000% 11/01/2040 Callable @ 100.000 11/01/2029 | 660,000 | 686,453 | ||
Hoisington Public Building Commission 3.000% 11/01/2045 Callable @ 100.000 11/01/2029 | 500,000 | 514,740 | ||
Johnson County Public Building Commission 4.000% 09/01/2022 | 405,000 | 432,585 | ||
Kansas Development Finance Authority 3.000% 11/01/2033 Callable @ 100.000 11/01/2027 | 1,000,000 | 1,063,010 | ||
Washington County Public Building Commission 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 | 100,000 | 106,037 | ||
| 6,609,214 | |||
PreRefunded (15.5%) | ||||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2029 Callable @ 100.000 09/01/2024 | 250,000 | 293,575 | ||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2030 Callable @ 100.000 09/01/2024 | 250,000 | 293,575 | ||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2031 Callable @ 100.000 09/01/2024 | 500,000 | 587,150 | ||
City of Olathe KS 4.000% 09/01/2030 Callable @ 100.000 09/01/2021 | 150,000 | 154,529 | ||
City of Wichita KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2021 | 300,000 | 314,199 | ||
*Franklin County Unified School District No 290 Ottawa 5.000% 09/01/2040 Callable @ 100.000 09/01/2025 | 3,000,000 | 3,643,950 | ||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 | 135,000 | 147,031 | ||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 | 115,000 | 125,227 | ||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | 140,000 | 152,477 | ||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | 110,000 | 119,782 | ||
Kansas Power Pool 4.500% 12/01/2028 Callable @ 100.000 12/01/2020 | 500,000 | 501,660 | ||
Kansas Power Pool 5.000% 12/01/2031 Callable @ 100.000 12/01/2020 | 750,000 | 753,015 | ||
Leavenworth County Unified School District No 458 5.000% 09/01/2029 Callable @ 100.000 09/01/2023 | 500,000 | 566,645 | ||
Leavenworth County Unified School District No 469 4.000% 09/01/2030 Callable @ 100.000 09/01/2022 | 320,000 | 340,880 | ||
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 Callable @ 100.000 09/01/2021 | 135,000 | 140,411 | ||
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 Callable @ 100.000 09/01/2021 | 105,000 | 109,217 | ||
Neosho County Unified School District No 413 4.000% 09/01/2031 Callable @ 100.000 09/01/2023 | 250,000 | 268,343 | ||
Seward County Unified School District No 480 Liberal 4.250% 09/01/2039 Callable @ 100.000 09/01/2022 | 500,000 | 533,955 | ||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | 85,000 | 92,246 | ||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | 330,000 | 358,195 | ||
Washington County Public Building Commission 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 | 500,000 | 534,435 | ||
Washington County Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 | 500,000 | 544,170 | ||
Washington County Public Building Commission 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 | 400,000 | 434,564 | ||
Wyandotte County Unified School District No 202 Turner 5.000% 09/01/2025 Callable @ 100.000 09/01/2023 | 250,000 | 282,865 | ||
| 11,292,095 | |||
Transportation (1.2%) | ||||
State of Kansas Department of Transportation 5.000% 09/01/2033 Callable @ 100.000 09/01/2025 | 500,000 | 588,395 | ||
State of Kansas Department of Transportation 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 250,000 | 294,500 | ||
| 882,895 | |||
Utilities (11.7%) | ||||
City of Topeka KS Combined Utility Revenue 4.000% 08/01/2023 | 500,000 | 550,025 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2030 Callable @ 100.000 04/01/2026 | 250,000 | 297,010 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 | 500,000 | 589,395 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2033 Callable @ 100.000 04/01/2026 | 745,000 | 873,788 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2035 Callable @ 100.000 04/01/2026 | 300,000 | 349,434 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2038 Callable @ 100.000 04/01/2026 | 1,000,000 | 1,155,190 | ||
*Kansas Municipal Energy Agency 5.750% 07/01/2038 Callable @ 100.000 07/01/2023 | 1,000,000 | 1,110,310 | ||
Kansas Power Pool 4.000% 12/01/2031 Callable @ 100.000 12/01/2025 | 500,000 | 550,615 | ||
Wyandotte County Kansas City Unified Government Utility System Revenue 3.000% 09/01/2040 Callable @ 100.000 09/01/2030 | 250,000 | 265,698 | ||
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2028 Callable @ 100.000 09/01/2026 | 500,000 | 614,470 | ||
*Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 | 1,250,000 | 1,341,513 | ||
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 500,000 | 577,325 | ||
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2036 Callable @ 100.000 09/01/2021 | 250,000 | 258,063 | ||
| 8,532,835 | |||
TOTAL MUNICIPAL BONDS (COST: $63,747,814) | $ | 67,641,662 | ||
OTHER ASSETS LESS LIABILITIES (7.1%) |
| 5,183,131 | ||
NET ASSETS (100.0%) | $ | 72,824,793 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
#When-issued purchase as of October 30, 2020 | ||||
MAINE MUNICIPAL FUND | ||||
Schedule of Investments October 30, 2020 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (94.9%) | ||||
Education (9.6%) | ||||
Maine Educational Loan Authority 4.450% 12/01/2025 Callable @ 100.000 12/01/2020 | $ | 100,000 | $ | 100,329 |
Maine Health & Higher Educational Facilities Authority 4.750% 07/01/2031 Callable @ 100.000 07/01/2021 | 250,000 | 256,515 | ||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2026 | 940,000 | 1,105,637 | ||
| 1,462,481 | |||
General Obligation (29.0%) | ||||
City of Auburn ME 4.500% 09/01/2022 | 100,000 | 107,883 | ||
City of Biddeford ME 4.000% 10/01/2026 | 250,000 | 301,008 | ||
City of Lewiston ME 2.750% 03/15/2038 Callable @ 100.000 03/15/2027 | 100,000 | 102,863 | ||
City of Lewiston ME 2.750% 03/15/2039 Callable @ 100.000 03/15/2027 | 250,000 | 257,758 | ||
City of Lewiston ME 2.750% 03/15/2040 Callable @ 100.000 03/15/2027 | 250,000 | 258,510 | ||
City of Portland ME 4.125% 10/01/2029 | 100,000 | 100,099 | ||
City of Portland ME 4.250% 05/01/2029 | 150,000 | 150,114 | ||
City of Portland ME 5.000% 08/01/2021 | 125,000 | 129,939 | ||
City of Portland ME 5.000% 08/01/2022 Callable @ 100.000 08/01/2021 | 125,000 | 130,051 | ||
City of South Portland ME 2.000% 08/15/2038 Callable @ 100.000 08/15/2030 | 330,000 | 331,119 | ||
City of Waterville ME 4.000% 07/01/2025 Callable @ 100.000 07/01/2021 | 135,000 | 138,776 | ||
*Maine School Administrative District No 28 4.000% 05/01/2036 Callable @ 100.000 05/01/2028 | 500,000 | 574,790 | ||
Maine School Administrative District No 51 4.000% 10/15/2029 Callable @ 100.000 10/15/2024 | 100,000 | 112,421 | ||
Regional School Unit No 26 3.000% 09/01/2044 Callable @ 100.000 09/01/2029 | 475,000 | 502,023 | ||
Town of Brunswick ME 2.500% 11/01/2041 Callable @ 100.000 11/01/2030 | 500,000 | 509,335 | ||
Town of Scarborough ME 4.000% 11/01/2028 Callable @ 100.000 11/01/2023 | 100,000 | 109,882 | ||
Town of Yarmouth ME 2.250% 11/15/2045 Callable @ 100.000 11/15/2030 | 500,000 | 490,535 | ||
Wells Ogunquit Community School District 4.000% 11/01/2024 | 100,000 | 112,244 | ||
| 4,419,348 | |||
Health Care (16.7%) | ||||
Maine Health & Higher Educational Facilities Authority 3.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 250,000 | 255,690 | ||
Maine Health & Higher Educational Facilities Authority 4.500% 07/01/2031 | 5,000 | 5,003 | ||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2029 Callable @ 100.000 07/01/2024 | 1,000,000 | 1,119,780 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2030 Callable @ 100.000 07/01/2024 | 500,000 | 558,250 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2031 Callable @ 100.000 07/01/2024 | 500,000 | 555,295 | ||
Maine Health & Higher Educational Facilities Authority 5.250% 07/01/2023 | 55,000 | 55,046 | ||
| 2,549,065 | |||
Housing (14.7%) | ||||
Maine State Housing Authority 2.250% 11/15/2045 Callable @ 100.000 05/15/2029 | 250,000 | 243,375 | ||
Maine State Housing Authority 2.500% 11/15/2045 Callable @ 100.000 11/15/2028 | 165,000 | 166,789 | ||
Maine State Housing Authority 3.000% 11/15/2036 Callable @ 100.000 11/15/2025 | 400,000 | 415,716 | ||
Maine State Housing Authority 3.350% 11/15/2044 Callable @ 100.000 05/15/2028 | 155,000 | 162,363 | ||
Maine State Housing Authority 4.000% 11/15/2035 Callable @ 100.000 11/15/2024 | 435,000 | 464,784 | ||
*Maine State Housing Authority 4.000% 11/15/2044 Callable @ 100.000 05/15/2028 | 500,000 | 540,855 | ||
Maine State Housing Authority 5.000% 06/15/2024 | 250,000 | 250,245 | ||
| 2,244,127 | |||
Other Revenue (5.7%) | ||||
Maine Governmental Facilities Authority 4.000% 10/01/2024 Callable @ 100.000 10/01/2021 | 200,000 | 206,720 | ||
Maine Municipal Bond Bank 3.000% 11/01/2040 Callable @ 100.000 11/01/2030 | 250,000 | 269,733 | ||
Maine Municipal Bond Bank 4.000% 11/01/2038 Callable @ 100.000 11/01/2022 | 125,000 | 130,586 | ||
Maine Municipal Bond Bank 4.900% 11/01/2024 | 5,000 | 5,000 | ||
Maine Municipal Bond Bank 5.000% 11/01/2025 Callable @ 100.000 11/01/2022 | 125,000 | 137,756 | ||
Maine Municipal Bond Bank 5.000% 11/01/2027 Callable @ 100.000 11/01/2024 | 100,000 | 118,028 | ||
| 867,823 | |||
PreRefunded (10.3%) | ||||
Maine Health & Higher Educational Facilities Authority 4.000% 07/01/2024 Callable @ 100.000 07/01/2022 | 270,000 | 286,732 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2023 | 15,000 | 16,956 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2034 Callable @ 100.000 07/01/2024 | 250,000 | 292,645 | ||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2039 Callable @ 100.000 07/01/2024 | 750,000 | 871,065 | ||
Regional School Unit No 1 Lower Kennebec Region School Unit 5.000% 02/01/2026 Callable @ 100.000 02/01/2021 | 100,000 | 101,160 | ||
| 1,568,558 | |||
Transportation (3.9%) | ||||
City of Portland ME General Airport Revenue 5.000% 07/01/2022 | 100,000 | 108,212 | ||
City of Portland ME General Airport Revenue 5.000% 07/01/2023 | 100,000 | 112,002 | ||
City of Portland ME General Airport Revenue 5.000% 07/01/2024 Callable @ 100.000 07/01/2023 | 100,000 | 111,813 | ||
Maine Turnpike Authority 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 | 250,000 | 271,355 | ||
| 603,382 | |||
Utilities (5.0%) | ||||
Kennebunk Light & Power District 5.000% 08/01/2022 | 215,000 | 215,209 | ||
Portland Water District 3.000% 11/01/2039 Callable @ 100.000 11/01/2029 | 500,000 |
| 543,580 | |
| 758,789 | |||
TOTAL MUNICIPAL BONDS (COST: $13,838,030) | $ | 14,473,573 | ||
OTHER ASSETS LESS LIABILITIES (5.1%) |
| 779,634 | ||
NET ASSETS (100.0%) | $ | 15,253,207 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
NEBRASKA MUNICIPAL FUND | ||||
Schedule of Investments October 30, 2020 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (96.0%) | ||||
Education (1.4%) | ||||
Nebraska Educational Health & Social Services Finance Authority 5.050% 09/01/2030 Callable @ 100.000 05/18/2021 | $ | 250,000 | $ | 259,280 |
Southeast Community College 3.000% 03/15/2045 Callable @ 100.000 07/02/2025 | 500,000 | 500,865 | ||
| 760,145 | |||
General Obligation (35.7%) | ||||
City of Lincoln NE 3.000% 12/01/2039 Callable @ 100.000 06/01/2029 | 685,000 | 731,895 | ||
City of Omaha NE 3.750% 01/15/2038 Callable @ 100.000 01/15/2027 | 500,000 | 547,520 | ||
City of Omaha NE 4.000% 04/15/2037 Callable @ 100.000 04/15/2029 | 500,000 | 592,280 | ||
City of Omaha NE 5.000% 04/15/2027 Callable @ 100.000 04/15/2026 | 955,000 | 1,190,589 | ||
City of Omaha NE 5.000% 04/15/2028 Callable @ 100.000 04/15/2026 | 500,000 | 618,305 | ||
City of Sidney NE 4.000% 12/15/2036 Callable @ 100.000 12/15/2021 | 1,250,000 | 1,286,613 | ||
County of Kearney NE 4.000% 06/01/2024 | 350,000 | 391,843 | ||
Douglas County School District No 17/NE 2.000% 12/15/2039 Callable @ 100.000 12/15/2030 | 1,000,000 | 985,080 | ||
Douglas County School District No 17/NE 2.000% 12/15/2040 Callable @ 100.000 12/15/2030 | 1,000,000 | 973,190 | ||
Douglas County School District No 59/NE 3.500% 06/15/2043 Callable @ 100.000 03/15/2024 | 500,000 | 519,880 | ||
Elkhorn School District 4.000% 12/15/2030 Callable @ 100.000 12/15/2026 | 500,000 | 578,510 | ||
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2025 | 300,000 | 334,857 | ||
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2028 | 500,000 | 587,855 | ||
Elkhorn School District 4.000% 12/15/2037 Callable @ 100.000 12/15/2029 | 300,000 | 353,784 | ||
Elkhorn School District 5.000% 06/15/2022 | 475,000 | 510,739 | ||
Fremont School District 1.100% 12/15/2020 | 100,000 | 100,090 | ||
Hall County Airport Authority 5.000% 07/15/2030 Callable @ 100.000 08/15/2021 | 410,000 | 427,794 | ||
Hall County Airport Authority 5.000% 07/15/2031 Callable @ 100.000 08/15/2021 | 435,000 | 451,069 | ||
Kearney School District 3.000% 12/15/2024 | 350,000 | 385,396 | ||
Knox County School District N0 576 4.000% 12/15/2038 Callable @ 100.000 12/15/2023 | 590,000 | 629,890 | ||
Lancaster County School District 001 5.000% 01/15/2023 | 750,000 | 828,015 | ||
Omaha School District 3.000% 12/15/2042 Callable @ 100.000 01/30/2030 | 1,000,000 | 1,077,710 | ||
*Omaha School District 5.000% 12/15/2029 Callable @ 100.000 12/15/2026 | 1,630,000 | 2,039,097 | ||
Plattsmouth School District 3.000% 12/15/2039 Callable @ 100.000 08/21/2024 | 1,000,000 | 1,024,400 | ||
Polk County School District No 19 3.000% 06/15/2039 Callable @ 100.000 07/30/2024 | 455,000 | 469,433 | ||
Ponca Public Schools 3.000% 12/15/2026 Callable @ 100.000 02/26/2025 | 355,000 | 388,675 | ||
Sarpy County School District No 1 3.500% 12/15/2035 Callable @ 100.000 09/30/2024 | 250,000 | 267,683 | ||
Superior Public Schools 1.450% 12/15/2022 | 340,000 | 347,528 | ||
Westside Community Schools 5.000% 12/01/2038 Callable @ 100.000 12/05/2024 | 235,000 | 265,816 | ||
Westside Community Schools 5.000% 12/01/2039 Callable @ 100.000 12/05/2024 | 250,000 | 282,313 | ||
| 19,187,846 | |||
Health Care (3.6%) | ||||
Douglas County Hospital Authority No 2 5.000% 05/15/2027 Callable @ 100.000 05/15/2026 | 200,000 | 245,728 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2031 Callable @ 100.000 07/01/2025 | 500,000 | 558,720 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2032 Callable @ 100.000 07/01/2025 | 335,000 | 372,771 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2033 Callable @ 100.000 07/01/2025 | 450,000 | 498,713 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 | 215,000 | 243,268 | ||
| 1,919,200 | |||
Housing (3.6%) | ||||
Nebraska Investment Finance Authority 3.750% 09/01/2038 Callable @ 100.000 09/01/2027 | 560,000 | 605,259 | ||
Nebraska Investment Finance Authority 3.850% 03/01/2038 Callable @ 100.000 09/01/2024 | 515,000 | 531,058 | ||
Nebraska Investment Finance Authority 3.900% 09/01/2035 Callable @ 100.000 09/01/2024 | 730,000 | 776,443 | ||
| 1,912,760 | |||
Other Revenue (0.9%) | ||||
Papillion Municipal Facilities Corp 3.000% 12/15/2034 Callable @ 100.000 07/30/2024 | 435,000 |
| 453,936 | |
PreRefunded (19.2%) | ||||
City of Lincoln NE 5.500% 08/15/2031 Callable @ 100.000 02/15/2021 | 500,000 | 507,375 | ||
*City of Lincoln NE Electric System Revenue 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 | 1,000,000 | 1,080,060 | ||
*City of Omaha NE 5.000% 02/01/2027 Callable @ 100.000 02/01/2022 | 1,000,000 | 1,060,640 | ||
Grand Island Public Schools 5.000% 12/15/2033 Callable @ 100.000 12/15/2024 | 500,000 | 595,445 | ||
Grand Island Public Schools 5.000% 12/15/2039 Callable @ 100.000 12/15/2024 | 500,000 | 595,445 | ||
Gretna Public Schools 5.000% 12/15/2035 Callable @ 100.000 12/15/2025 | 250,000 | 309,193 | ||
Lincoln County Hospital Authority No 1 5.000% 11/01/2023 Callable @ 100.000 11/01/2021 | 250,000 | 261,368 | ||
Lincoln County Hospital Authority No 1 5.000% 11/01/2024 Callable @ 100.000 11/01/2021 | 250,000 | 261,368 | ||
Lincoln County Hospital Authority No 1 5.000% 11/01/2025 Callable @ 100.000 11/01/2021 | 250,000 | 261,368 | ||
Lincoln County Hospital Authority No 1 5.000% 11/01/2032 Callable @ 100.000 11/01/2021 | 250,000 | 261,368 | ||
Scotts Bluff County School District No 32 5.000% 12/01/2031 Callable @ 100.000 12/01/2025 | 250,000 | 308,535 | ||
University of Nebraska 5.000% 05/15/2033 Callable @ 100.000 11/15/2025 | 250,000 | 306,145 | ||
University of Nebraska 5.000% 05/15/2035 Callable @ 100.000 05/15/2025 | 500,000 | 602,485 | ||
University of Nebraska 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 | 1,500,000 | 1,818,615 | ||
University of Nebraska 5.000% 07/01/2038 Callable @ 100.000 07/01/2022 | 250,000 | 269,128 | ||
University of Nebraska 5.000% 07/01/2042 Callable @ 100.000 01/01/2022 | 1,000,000 | 1,050,810 | ||
West Haymarket Joint Public Agency 5.000% 12/15/2042 Callable @ 100.000 12/15/2021 | 750,000 | 790,163 | ||
| 10,339,508 | |||
Transportation (3.3%) | ||||
Omaha Airport Authority 5.000% 12/15/2027 Callable @ 100.000 12/15/2026 | 500,000 | 606,315 | ||
Omaha Airport Authority 5.000% 12/15/2036 Callable @ 100.000 12/15/2026 | 1,000,000 | 1,172,350 | ||
| 1,778,665 | |||
Utilities (28.3%) | ||||
*Central Plains Energy Project 5.000% 09/01/2027 Callable @ 100.000 09/01/2022 | 2,000,000 | 2,121,940 | ||
Central Plains Energy Project 5.000% 09/01/2042 Callable @ 100.000 09/01/2022 | 500,000 | 535,295 | ||
Central Plains Energy Project 5.250% 09/01/2037 Callable @ 100.000 09/01/2022 | 500,000 | 536,515 | ||
City of Columbus NE Combined Revenue 4.000% 12/15/2032 Callable @ 100.000 12/15/2026 | 100,000 | 114,498 | ||
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2033 Callable @ 100.000 06/15/2030 | 300,000 | 360,651 | ||
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2034 Callable @ 100.000 06/15/2030 | 300,000 | 358,338 | ||
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2035 Callable @ 100.000 06/15/2030 | 300,000 | 356,697 | ||
City of Grand Island NE Sewer System Revenue 5.000% 09/15/2026 Callable @ 100.000 09/17/2023 | 250,000 | 285,870 | ||
City of Hastings NE Combined Utility Revenue 4.000% 10/15/2032 Callable @ 100.000 10/15/2022 | 500,000 | 527,550 | ||
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2025 Callable @ 100.000 08/01/2023 | 275,000 | 305,583 | ||
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2027 Callable @ 100.000 08/01/2023 | 400,000 | 441,116 | ||
City of Omaha NE Sewer Revenue 4.000% 04/01/2035 Callable @ 100.000 04/01/2026 | 250,000 | 279,850 | ||
#City of Omaha NE Sewer Revenue 4.000% 04/01/2037 Callable @ 100.000 04/01/2030 | 750,000 | 896,595 | ||
#City of Omaha NE Sewer Revenue 4.000% 04/01/2038 Callable @ 100.000 04/01/2030 | 400,000 | 472,252 | ||
#City of Omaha NE Sewer Revenue 4.000% 04/01/2039 Callable @ 100.000 04/01/2030 | 250,000 | 293,743 | ||
City of Omaha NE Sewer Revenue 5.000% 11/15/2029 Callable @ 100.000 11/15/2024 | 250,000 | 290,650 | ||
City of Omaha NE Sewer Revenue 5.000% 11/15/2030 Callable @ 100.000 11/15/2024 | 250,000 | 290,115 | ||
City of Omaha NE Sewer Revenue 5.000% 11/15/2031 Callable @ 100.000 11/15/2024 | 500,000 | 580,240 | ||
Metropolitan Utilities District of Omaha 4.000% 12/15/2026 Callable @ 100.000 12/15/2022 | 250,000 | 269,800 | ||
Municipal Energy Agency of Nebraska 5.000% 04/01/2030 Callable @ 100.000 04/01/2022 | 500,000 | 531,780 | ||
Municipal Energy Agency of Nebraska 5.000% 04/01/2032 Callable @ 100.000 04/01/2022 | 100,000 | 105,932 | ||
Nebraska Public Power District 5.000% 01/01/2030 Callable @ 100.000 01/01/2022 | 500,000 | 527,530 | ||
*Nebraska Public Power District 5.000% 01/01/2036 Callable @ 100.000 01/01/2026 | 2,355,000 | 2,753,442 | ||
Nebraska Public Power District 5.000% 01/01/2041 Callable @ 100.000 01/01/2026 | 250,000 | 291,240 | ||
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2032 Callable @ 100.000 02/01/2026 | 400,000 | 451,720 | ||
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2035 Callable @ 100.000 02/01/2026 | 365,000 | 408,417 | ||
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2031 Callable @ 100.000 02/01/2026 | 445,000 | 534,712 | ||
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2032 Callable @ 100.000 02/01/2025 | 250,000 | 290,563 | ||
| 15,212,633 | |||
TOTAL MUNICIPAL BONDS (COST:48,994,034) | $ | 51,564,691 | ||
OTHER ASSETS LESS LIABILITIES (4.0%) | $ | 2,126,103 | ||
NET ASSETS (100.0%) | $ | 53,690,794 | ||
#When-issued purchase as of October 30, 2020 | ||||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
OKLAHOMA MUNICIPAL BOND | ||||
Schedule of Investments October 30, 2020 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (97.6%) | ||||
Education (8.7%) | ||||
Oklahoma Development Finance Authority 4.000% 08/01/2030 Callable @ 100.000 08/01/2024 | $ | 280,000 | $ | 309,084 |
Oklahoma Development Finance Authority 4.000% 08/01/2031 Callable @ 100.000 08/01/2024 | 290,000 | 318,301 | ||
Oklahoma Development Finance Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2024 | 305,000 | 333,914 | ||
Oklahoma Development Finance Authority 4.000% 08/01/2033 Callable @ 100.000 08/01/2024 | 315,000 | 343,564 | ||
Oklahoma Development Finance Authority 5.000% 06/01/2029 Callable @ 100.000 06/01/2024 | 250,000 | 288,923 | ||
Oklahoma Development Finance Authority 5.000% 06/01/2034 Callable @ 100.000 06/01/2024 | 500,000 | 567,635 | ||
Oklahoma Development Finance Authority 5.000% 06/01/2039 Callable @ 100.000 06/01/2024 | 500,000 | 556,545 | ||
Oklahoma Development Finance Authority 5.000% 06/01/2039 Callable @ 100.000 06/01/2024 | 500,000 | 563,235 | ||
Oklahoma State University 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 | 370,000 | 441,166 | ||
Oklahoma State University 5.000% 08/01/2032 Callable @ 100.000 08/01/2028 | 250,000 | 314,900 | ||
University of Oklahoma/The 4.000% 07/01/2040 Callable @ 100.000 07/01/2025 | 650,000 | 687,206 | ||
University of Oklahoma/The 5.000% 07/01/2036 Callable @ 100.000 07/01/2025 | 500,000 | 569,090 | ||
University of Oklahoma/The 5.000% 07/01/2037 Callable @ 100.000 07/01/2021 | 290,000 | 299,048 | ||
University of Oklahoma/The 5.000% 07/01/2038 Callable @ 100.000 07/01/2025 | 500,000 | 567,575 | ||
| 6,160,185 | |||
General Obligation (8.1%) | ||||
City of Bartlesville OK 2.000% 12/01/2028 | 195,000 | 209,019 | ||
City of Broken Arrow OK 2.000% 12/01/2021 | 500,000 | 508,270 | ||
City of Broken Arrow OK 3.125% 12/01/2035 Callable @ 100.000 12/01/2026 | 575,000 | 616,521 | ||
City of Broken Arrow OK 4.000% 12/01/2037 Callable @ 100.000 12/01/2028 | 605,000 | 686,530 | ||
City of Broken Arrow OK 4.000% 12/01/2038 Callable @ 100.000 12/01/2028 | 610,000 | 690,752 | ||
City of Broken Arrow OK 4.125% 08/01/2031 Callable @ 100.000 08/01/2021 | 180,000 | 184,378 | ||
City of Lawton OK 2.000% 12/01/2022 | 500,000 | 515,735 | ||
City of Midwest City OK 3.000% 06/01/2041 Callable @ 100.000 06/01/2029 | 500,000 | 525,390 | ||
City of Oklahoma City OK 4.000% 03/01/2032 Callable @ 100.000 03/01/2027 | 1,305,000 | 1,535,398 | ||
City of Perkins OK 3.000% 06/01/2033 | 125,000 | 139,161 | ||
City of Perkins OK 3.000% 06/01/2034 | 115,000 | 127,044 | ||
| 5,738,196 | |||
Health Care (6.2%) | ||||
Norman Regional Hospital Authority 3.250% 09/01/2039 Callable @ 100.000 09/01/2029 | 895,000 | 902,393 | ||
Norman Regional Hospital Authority 5.000% 09/01/2045 Callable @ 100.000 09/01/2029 | 200,000 | 232,776 | ||
Oklahoma Development Finance Authority 4.000% 08/15/2038 Callable @ 100.000 08/15/2025 | 250,000 | 271,878 | ||
Oklahoma Development Finance Authority 4.000% 08/15/2048 Callable @ 100.000 08/15/2028 | 825,000 | 881,447 | ||
Oklahoma Development Finance Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 | 250,000 | 259,638 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2025 | 350,000 | 405,101 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2025 | 250,000 | 284,135 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2028 | 345,000 | 413,345 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2033 Callable @ 100.000 08/15/2028 | 175,000 | 204,052 | ||
Tulsa County Industrial Authority 3.000% 02/01/2037 Callable @ 100.000 02/01/2029 | 500,000 | 521,275 | ||
| 4,376,037 | |||
Housing (1.8%) | ||||
Oklahoma Housing Finance Agency 3.000% 09/01/2039 Callable @ 100.000 03/01/2028 | 915,000 | 948,471 | ||
Oklahoma Housing Finance Agency 3.200% 03/01/2042 Callable @ 100.000 03/01/2028 | 310,000 | 331,390 | ||
| 1,279,861 | |||
Other Revenue (26.7%) | ||||
Bryan County School Finance Authority 4.000% 12/01/2028 | 385,000 | 467,190 | ||
Bryan County School Finance Authority 4.000% 12/01/2029 | 415,000 | 509,919 | ||
Bryan County School Finance Authority 4.000% 12/01/2030 Callable @ 100.000 12/01/2029 | 435,000 | 532,479 | ||
Caddo County Governmental Building Authority 5.000% 09/01/2040 Callable @ 100.000 09/01/2028 | 1,010,000 | 1,098,314 | ||
City of Oklahoma City OK 5.000% 03/01/2032 | 250,000 | 250,025 | ||
City of Oklahoma City OK 5.000% 03/01/2033 | 250,000 | 250,030 | ||
City of Oklahoma City OK 5.000% 03/01/2034 | 500,000 | 500,240 | ||
Elk City Industrial Authority 3.000% 05/01/2034 Callable @ 100.000 05/01/2029 | 1,050,000 | 1,125,768 | ||
Elk City Industrial Authority 3.000% 05/01/2039 Callable @ 100.000 05/01/2029 | 425,000 | 427,061 | ||
Garvin County Educational Facilities Authority 4.000% 09/01/2031 | 665,000 | 813,295 | ||
Goldsby Public Works Authority 3.000% 08/01/2021 | 165,000 | 166,993 | ||
Grady County School Finance Authority 5.000% 09/01/2032 Callable @ 100.000 09/01/2028 | 370,000 | 460,228 | ||
Kingfisher County Educational Facilities Authority 3.000% 03/01/2033 Callable @ 100.000 03/01/2029 | 250,000 | 270,900 | ||
Leflore County Public Facility Authority 3.000% 12/01/2032 Callable @ 100.000 12/01/2029 | 500,000 | 535,425 | ||
Marshall County Educational Facilities Authority 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 | 500,000 | 590,260 | ||
Muskogee Industrial Trust 5.000% 09/01/2026 | 400,000 | 489,620 | ||
Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2029 | 500,000 | 566,870 | ||
Oklahoma Capitol Improvement Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2029 | 530,000 | 674,330 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2027 Callable @ 100.000 10/01/2025 | 350,000 | 416,535 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2028 Callable @ 100.000 10/01/2025 | 400,000 | 472,652 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2029 Callable @ 100.000 10/01/2025 | 625,000 | 733,181 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2036 Callable @ 100.000 10/01/2025 | 230,000 | 263,962 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2039 Callable @ 100.000 10/01/2025 | 835,000 | 948,577 | ||
Oklahoma Development Finance Authority 3.000% 06/01/2029 | 195,000 | 218,739 | ||
Oklahoma Development Finance Authority 3.000% 06/01/2030 | 180,000 | 201,895 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2032 Callable @ 100.000 06/01/2030 | 140,000 | 164,409 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2033 Callable @ 100.000 06/01/2030 | 145,000 | 168,552 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2034 Callable @ 100.000 06/01/2030 | 150,000 | 173,369 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2035 Callable @ 100.000 06/01/2030 | 155,000 | 178,484 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2038 Callable @ 100.000 06/01/2029 | 725,000 | 831,263 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2040 Callable @ 100.000 06/01/2030 | 250,000 | 296,690 | ||
Okmulgee County Governmental Building Authority 4.250% 12/01/2035 Callable @ 100.000 12/01/2023 | 500,000 | 536,230 | ||
Ottawa County Educational Facilities Authority 4.000% 09/01/2022 | 990,000 | 1,052,212 | ||
Sand Springs Municipal Authority 4.000% 01/01/2036 Callable @ 100.000 01/01/2023 | 500,000 | 527,140 | ||
Sand Springs Municipal Authority 4.250% 01/01/2035 Callable @ 100.000 01/01/2023 | 250,000 | 265,270 | ||
Tahlequah Public Facilities Authority 4.000% 04/01/2023 | 550,000 | 596,486 | ||
Tulsa County Industrial Authority 4.000% 12/01/2030 Callable @ 100.000 12/01/2026 | 250,000 | 292,428 | ||
Tulsa Public Facilities Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2025 | 200,000 | 213,350 | ||
Wagoner County School Development Authority 4.000% 09/01/2027 | 500,000 | 594,065 | ||
| 18,874,436 | |||
PreRefunded (3.4%) | ||||
Oklahoma Capitol Improvement Authority 4.000% 07/01/2043 Callable @ 100.000 07/01/2026 | 500,000 | 591,950 | ||
Oklahoma City Water Utilities Trust 5.000% 07/01/2031 Callable @ 100.000 07/01/2021 | 250,000 | 257,800 | ||
Oklahoma Development Finance Authority 5.000% 02/15/2042 Callable @ 100.000 02/15/2022 | 250,000 | 264,990 | ||
Oklahoma Turnpike Authority 5.000% 01/01/2030 Callable @ 100.000 01/01/2021 | 250,000 | 252,070 | ||
Oklahoma Water Resources Board 4.000% 04/01/2025 Callable @ 100.000 04/01/2022 | 150,000 | 158,265 | ||
Sapulpa Municipal Authority 5.000% 04/01/2028 Callable @ 100.000 04/01/2023 | 750,000 | 826,770 | ||
2,351,845 | ||||
Transportation (13.4%) | ||||
#Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2030 | 2,000,000 | 2,308,200 | ||
Oklahoma Capitol Improvement Authority 4.000% 10/01/2024 Callable @ 100.000 10/01/2021 | 800,000 | 830,128 | ||
Oklahoma Capitol Improvement Authority 4.000% 10/01/2025 Callable @ 100.000 10/01/2021 | 1,000,000 | 1,037,300 | ||
Oklahoma Turnpike Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2027 | 100,000 | 111,264 | ||
Oklahoma Turnpike Authority 4.000% 01/01/2042 Callable @ 100.000 01/01/2027 | 1,000,000 | 1,111,420 | ||
Oklahoma Turnpike Authority 5.000% 01/01/2028 Callable @ 100.000 01/01/2021 | 250,000 | 250,773 | ||
Tulsa Airports Improvement Trust 4.000% 06/01/2035 Callable @ 100.000 06/01/2028 | 1,355,000 | 1,488,224 | ||
Tulsa Airports Improvement Trust 4.000% 06/01/2036 Callable @ 100.000 06/01/2028 | 145,000 | 159,004 | ||
Tulsa Airports Improvement Trust 5.000% 06/01/2023 Callable @ 100.000 06/01/2021 | 420,000 | 430,353 | ||
Tulsa Airports Improvement Trust 5.000% 06/01/2024 Callable @ 100.000 06/01/2021 | 230,000 | 235,552 | ||
Tulsa Airports Improvement Trust 5.000% 06/01/2027 | 300,000 | 369,639 | ||
Tulsa Airports Improvement Trust 5.250% 06/01/2025 Callable @ 100.000 06/01/2021 | 245,000 | 251,248 | ||
Tulsa Airports Improvement Trust 5.250% 06/01/2026 Callable @ 100.000 06/01/2021 | 360,000 | 368,993 | ||
Tulsa Parking Authority 4.000% 07/01/2025 Callable @ 100.000 07/01/2021 | 500,000 | 512,200 | ||
| 9,464,297 | |||
Utilities (29.3%) | ||||
Clinton Public Works Authority 4.000% 12/01/2034 Callable @ 100.000 12/01/2024 | 750,000 | 811,163 | ||
Clinton Public Works Authority 4.000% 12/01/2039 Callable @ 100.000 12/01/2024 | 500,000 | 539,175 | ||
Coweta Public Works Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2026 | 1,000,000 | 1,124,040 | ||
Edmond Public Works Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2027 | 500,000 | 619,245 | ||
Glenpool Utility Services Authority 5.100% 12/01/2035 Callable @ 100.000 12/01/2020 | 250,000 | 251,135 | ||
Jenks Public Works Authority 3.000% 08/01/2029 Callable @ 100.000 08/01/2024 | 325,000 | 345,504 | ||
Miami Special Utility Authority 4.000% 12/01/2036 Callable @ 100.000 12/01/2026 | 500,000 | 546,445 | ||
*Midwest City Municipal Authority 5.000% 03/01/2025 Callable @ 100.000 03/01/2021 | 2,000,000 | 2,033,860 | ||
Oklahoma City Water Utilities Trust 4.000% 07/01/2039 Callable @ 100.000 07/01/2025 | 175,000 | 191,699 | ||
Oklahoma City Water Utilities Trust 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 | 100,000 | 117,038 | ||
*Oklahoma Municipal Power Authority 5.750% 01/01/2024 | 370,000 | 425,900 | ||
Oklahoma Water Resources Board 4.000% 04/01/2033 Callable @ 100.000 04/01/2030 | 500,000 | 613,675 | ||
Oklahoma Water Resources Board 4.000% 10/01/2038 Callable @ 100.000 10/01/2028 | 325,000 | 376,594 | ||
Oklahoma Water Resources Board 4.000% 10/01/2043 Callable @ 100.000 10/01/2028 | 830,000 | 957,737 | ||
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 | 955,000 | 1,114,132 | ||
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 | 465,000 | 542,483 | ||
Oklahoma Water Resources Board 4.000% 10/01/2048 Callable @ 100.000 10/01/2028 | 1,460,000 | 1,669,510 | ||
Oklahoma Water Resources Board 4.000% 10/01/2050 Callable @ 100.000 10/01/2030 | 515,000 | 596,741 | ||
Oklahoma Water Resources Board 5.000% 04/01/2032 Callable @ 100.000 04/01/2022 | 140,000 | 148,686 | ||
Oklahoma Water Resources Board 5.000% 10/01/2029 Callable @ 100.000 10/01/2024 | 250,000 | 289,688 | ||
Oklahoma Water Resources Board 5.000% 10/01/2033 Callable @ 100.000 10/01/2024 | 500,000 | 575,565 | ||
Sand Springs Municipal Authority Water Sewer Utility & 1% Sales Tax Revenue 3.000% 11/01/2038 Callable @ 100.000 11/01/2028 | 980,000 | 1,047,640 | ||
*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 | 1,597,815 | ||
Tulsa Metropolitan Utility Authority 2.000% 10/01/2038 Callable @ 100.000 10/01/2030 | 500,000 | 501,935 | ||
Tulsa Metropolitan Utility Authority 2.000% 10/01/2039 Callable @ 100.000 10/01/2030 | 500,000 | 501,485 | ||
*Washington County Rural Water District No 3 3.000% 09/15/2041 Callable @ 100.000 03/01/2028 | 3,000,000 | 3,167,760 | ||
| 20,706,647 | |||
TOTAL MUNICIPAL BONDS (COST: $66,359,253 ) | $ | 68,951,504 | ||
OTHER ASSETS LESS LIABILITIES (2.4%) | $ | 1,676,988 | ||
NET ASSETS (100.0%) | $ | 70,628,492 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
#When-issued purchase as of October 30, 2020. | ||||
VIKING TAX-FREE FUND FOR MONTANA | ||||
Schedule of Investments October 30, 2020 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (96.3%) | ||||
Education (1.6%) | ||||
Montana State Board of Regents 4.000% 11/15/2025 Callable @ 100.000 11/15/2022 | $ | 500,000 | $ | 540,015 |
Montana State Board of Regents 5.000% 11/15/2025 Callable @ 100.000 11/15/2023 | 500,000 | 572,640 | ||
Montana State Board of Regents 5.000% 11/15/2030 Callable @ 100.000 11/15/2023 | 240,000 | 266,062 | ||
| 1,378,717 | |||
General Obligation (49.0%) | ||||
Broadwater County K 12 School District No 1 Townsend 3.000% 07/01/2038 Callable @ 100.000 07/01/2030 | 475,000 | 511,072 | ||
Broadwater County K 12 School District No 1 Townsend 3.000% 07/01/2039 Callable @ 100.000 07/01/2030 | 410,000 | 439,401 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2037 Callable @ 100.000 01/01/2031 | 580,000 | 641,561 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2038 Callable @ 100.000 01/01/2031 | 600,000 | 662,118 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2039 Callable @ 100.000 01/01/2031 | 620,000 | 681,374 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2040 Callable @ 100.000 01/01/2031 | 535,000 | 585,718 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2041 Callable @ 100.000 01/01/2031 | 500,000 | 545,950 | ||
Cascade County Elementary School District No 1 Great Falls 4.000% 07/01/2031 Callable @ 100.000 07/01/2027 | 700,000 | 820,022 | ||
City & County of Butte Silver Bow MT 4.000% 07/01/2030 Callable @ 100.000 07/01/2026 | 225,000 | 259,112 | ||
City & County of Butte Silver Bow MT 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | 240,000 | 273,749 | ||
City & County of Butte Silver Bow MT 4.500% 07/01/2034 Callable @ 100.000 07/01/2026 | 850,000 | 991,432 | ||
City of Bozeman MT 4.000% 07/01/2028 Callable @ 100.000 01/01/2024 | 540,000 | 601,517 | ||
City of Bozeman MT 4.000% 07/01/2034 Callable @ 100.000 07/01/2029 | 500,000 | 590,850 | ||
City of Fort Benton MT 3.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 715,000 | 768,861 | ||
City of Fort Benton MT 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 770,000 | 809,863 | ||
City of Missoula MT 4.000% 07/01/2031 Callable @ 100.000 07/01/2025 | 250,000 | 283,190 | ||
County of Ravalli MT 4.250% 07/01/2030 Callable @ 100.000 07/01/2024 | 755,000 | 839,417 | ||
Desmet School District No 20 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 320,000 | 345,754 | ||
Flathead County High School District No 5 Kalispell 5.000% 07/01/2039 Callable @ 100.000 07/01/2028 | 455,000 | 569,828 | ||
Flathead County School District No 6 Columbia Falls 4.000% 07/01/2039 Callable @ 100.000 07/01/2030 | 1,000,000 | 1,171,810 | ||
Gallatin County High School District No 7 Bozeman 3.000% 06/01/2035 Callable @ 100.000 06/01/2027 | 300,000 | 319,854 | ||
Gallatin County High School District No 7 Bozeman 3.000% 12/01/2034 Callable @ 100.000 06/01/2027 | 500,000 | 536,615 | ||
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 | 712,049 | ||
Gallatin County School District No 27 Monforton 4.250% 06/15/2026 Callable @ 100.000 06/15/2023 | 415,000 | 457,397 | ||
Gallatin County School District No 3 Manhattan 4.000% 07/01/2034 Callable @ 100.000 07/01/2026 | 465,000 | 525,334 | ||
Gallatin County School District No 44 Belgrade 3.500% 06/15/2028 Callable @ 100.000 06/15/2021 | 575,000 | 587,259 | ||
Gallatin County School District No 44 Belgrade 4.000% 06/01/2031 Callable @ 100.000 06/01/2029 | 265,000 | 319,399 | ||
Gallatin County School District No 44 Belgrade 4.000% 06/01/2036 Callable @ 100.000 06/01/2029 | 345,000 | 404,851 | ||
Gallatin County School District No 7 Bozeman 4.000% 12/01/2032 Callable @ 100.000 06/01/2026 | 610,000 | 692,515 | ||
Gallatin County School District No 7 Bozeman 4.000% 12/01/2033 Callable @ 100.000 06/01/2026 | 260,000 | 293,597 | ||
Gallatin County School District No 72 Ophir 3.500% 07/01/2023 Callable @ 100.000 01/01/2021 | 555,000 | 558,752 | ||
Gallatin County School District No 72 Ophir 3.750% 07/01/2024 Callable @ 100.000 01/01/2021 | 645,000 | 649,431 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2025 Callable @ 100.000 01/01/2021 | 420,000 | 423,037 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2034 Callable @ 100.000 07/01/2030 | 310,000 | 370,673 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 535,000 | 637,089 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 | 565,000 | 673,000 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2037 Callable @ 100.000 07/01/2030 | 800,000 | 946,184 | ||
Hellgate School District No 4 5.000% 06/15/2028 Callable @ 100.000 06/15/2027 | 500,000 | 636,810 | ||
Hellgate School District No 4 5.000% 06/15/2029 Callable @ 100.000 06/15/2027 | 500,000 | 630,865 | ||
Hellgate School District No 4 5.000% 06/15/2030 Callable @ 100.000 06/15/2027 | 500,000 | 626,255 | ||
*Missoula County Elementary School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | 500,000 | 568,265 | ||
Missoula County Elementary School District No 1 4.000% 07/01/2033 Callable @ 100.000 07/01/2026 | 750,000 | 853,418 | ||
Missoula High School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | 275,000 | 314,801 | ||
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | 250,000 | 290,545 | ||
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 250,000 | 289,535 | ||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 | 250,000 | 288,963 | ||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | 965,000 | 1,114,015 | ||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 355,000 | 408,396 | ||
*Silver Bow County School District No 1 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | 1,960,000 | 2,262,663 | ||
State of Montana 4.000% 08/01/2023 | 385,000 | 427,111 | ||
State of Montana 4.000% 08/01/2026 Callable @ 100.000 08/01/2024 | 855,000 | 974,238 | ||
State of Montana 4.000% 08/01/2027 Callable @ 100.000 08/01/2024 | 480,000 | 543,902 | ||
State of Montana 5.000% 08/01/2030 | 500,000 | 686,915 | ||
Stillwater County Elementary School District No 6 Columbus 5.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 300,000 | 378,009 | ||
Stillwater County High School District No 6 Columbus 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 | 530,000 | 629,269 | ||
Stillwater County High School District No 6 Columbus 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 275,000 | 324,239 | ||
Valley County K 12 School District No 1 A Glasgow/MT 4.250% 07/01/2031 Callable @ 100.000 07/01/2023 | 450,000 | 491,706 | ||
Wibaux County School District No 6 Wibaux 3.000% 07/01/2029 Callable @ 100.000 07/01/2025 | 355,000 | 381,355 | ||
Yellowstone County High School District No 7 Laurel 3.000% 07/01/2025 | 225,000 | 248,438 | ||
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2037 Callable @ 100.000 07/01/2028 | 1,000,000 | 1,241,190 | ||
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2038 Callable @ 100.000 07/01/2028 | 1,500,000 | 1,833,150 | ||
Yellowstone County School District No 2 Billings 3.000% 06/15/2032 Callable @ 100.000 12/15/2027 | 630,000 | 689,327 | ||
Yellowstone County School District No 2 Billings 3.000% 06/15/2034 Callable @ 100.000 12/15/2027 | 315,000 | 339,920 | ||
Yellowstone County School District No 2 Billings 3.000% 06/15/2035 Callable @ 100.000 12/15/2027 | 430,000 | 458,784 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2024 | 500,000 | 589,125 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2026 Callable @ 100.000 06/15/2024 | 515,000 | 601,515 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2027 Callable @ 100.000 06/15/2024 | 1,000,000 | 1,163,800 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2031 Callable @ 100.000 06/15/2025 | 350,000 | 413,249 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2032 Callable @ 100.000 06/15/2025 | 435,000 | 511,804 | ||
Yellowstone County School District No 8 Elder Grove 4.000% 07/01/2037 Callable @ 100.000 07/01/2028 | 875,000 | 1,000,843 | ||
| 43,712,050 | |||
Health Care (16.2%) | ||||
County of Yellowstone MT 4.000% 10/01/2029 Callable @ 100.000 10/01/2024 | 710,000 | 796,286 | ||
Montana Facility Finance Authority 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 2,000,000 | 2,103,540 | ||
Montana Facility Finance Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2030 | 1,000,000 | 1,130,370 | ||
Montana Facility Finance Authority 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 1,075,000 | 1,160,538 | ||
Montana Facility Finance Authority 4.500% 07/01/2023 Callable @ 100.000 01/01/2021 | 1,025,000 | 1,031,437 | ||
*Montana Facility Finance Authority 4.650% 07/01/2024 Callable @ 100.000 01/01/2021 | 1,365,000 | 1,373,804 | ||
Montana Facility Finance Authority 4.750% 07/01/2025 Callable @ 100.000 01/01/2021 | 380,000 | 382,478 | ||
Montana Facility Finance Authority 5.000% 06/01/2028 Callable @ 100.000 12/01/2024 | 1,015,000 | 1,154,755 | ||
Montana Facility Finance Authority 5.000% 06/01/2029 Callable @ 100.000 06/01/2025 | 915,000 | 1,048,334 | ||
Montana Facility Finance Authority 5.000% 06/01/2035 Callable @ 100.000 06/01/2028 | 425,000 | 499,571 | ||
Montana Facility Finance Authority 5.000% 06/01/2036 Callable @ 100.000 06/01/2028 | 700,000 | 818,160 | ||
Montana Facility Finance Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 | 1,000,000 | 1,185,700 | ||
Montana Facility Finance Authority 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | 1,000,000 | 1,171,410 | ||
Montana Facility Finance Authority 5.000% 08/15/2048 Callable @ 100.000 08/15/2028 | 500,000 | 601,395 | ||
| 14,457,778 | |||
Housing (8.4%) | ||||
Montana Board of Housing 2.250% 12/01/2040 Callable @ 100.000 12/01/2029 | 500,000 | 496,240 | ||
Montana Board of Housing 2.400% 12/01/2045 Callable @ 100.000 12/01/2029 | 500,000 | 492,320 | ||
Montana Board of Housing 2.800% 12/01/2039 Callable @ 100.000 06/01/2029 | 895,000 | 927,712 | ||
Montana Board of Housing 3.000% 12/01/2023 Callable @ 100.000 12/01/2022 | 75,000 | 76,954 | ||
Montana Board of Housing 3.000% 12/01/2045 Callable @ 100.000 06/01/2029 | 500,000 | 515,195 | ||
Montana Board of Housing 3.100% 06/01/2021 | 295,000 | 297,811 | ||
Montana Board of Housing 3.150% 06/01/2024 Callable @ 100.000 12/01/2022 | 285,000 | 294,721 | ||
Montana Board of Housing 3.150% 12/01/2024 Callable @ 100.000 12/01/2022 | 100,000 | 102,992 | ||
Montana Board of Housing 3.250% 12/01/2044 Callable @ 100.000 12/01/2028 | 1,500,000 | 1,574,955 | ||
Montana Board of Housing 3.350% 06/01/2025 Callable @ 100.000 12/01/2022 | 130,000 | 134,027 | ||
Montana Board of Housing 3.400% 12/01/2033 Callable @ 100.000 12/01/2027 | 500,000 | 548,515 | ||
Montana Board of Housing 3.800% 12/01/2038 Callable @ 100.000 06/01/2028 | 995,000 | 1,102,410 | ||
Montana Board of Housing 3.875% 12/01/2023 Callable @ 100.000 06/01/2023 | 155,000 | 163,158 | ||
Montana Board of Housing 4.050% 06/01/2024 Callable @ 100.000 06/01/2023 | 135,000 | 144,792 | ||
Montana Board of Housing 4.050% 12/01/2024 Callable @ 100.000 06/01/2023 | 390,000 | 412,234 | ||
Montana Board of Housing 4.650% 12/01/2028 Callable @ 100.000 06/01/2023 | 215,000 | 228,038 | ||
| 7,512,074 | |||
Other Revenue (8.5%) | ||||
City & County of Butte Silver Bow MT 5.000% 07/01/2021 | 210,000 | 213,119 | ||
City of Billings MT 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 | 405,000 | 438,287 | ||
City of Billings MT 4.375% 07/01/2029 Callable @ 100.000 01/01/2023 | 490,000 | 498,105 | ||
City of Billings MT 4.800% 07/01/2022 | 60,000 | 59,882 | ||
City of Billings MT 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 | 710,000 | 781,547 | ||
*City of Billings MT 5.000% 07/01/2033 Callable @ 100.000 01/01/2023 | 900,000 | 925,326 | ||
City of Billings MT 5.500% 07/01/2026 Callable @ 100.000 07/01/2021 | 250,000 | 253,578 | ||
City of Kalispell MT 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | 500,000 | 612,245 | ||
City of Livingston MT 4.000% 07/01/2034 Callable @ 100.000 01/01/2029 | 525,000 | 581,070 | ||
City of Missoula MT 4.750% 07/01/2027 | 105,000 | 105,089 | ||
City of Missoula MT 5.125% 07/01/2026 | 125,000 | 125,075 | ||
City of Missoula MT 6.000% 07/01/2030 | 200,000 | 200,224 | ||
Gallatin County Rural Improvement District 5.500% 07/01/2025 | 400,000 | 400,408 | ||
*Gallatin County Rural Improvement District 6.000% 07/01/2030 | 1,000,000 | 1,000,710 | ||
Madison County Rural Improvement District 5.500% 07/01/2025 | 410,000 | 410,365 | ||
*Madison County Rural Improvement District 6.000% 07/01/2030 | 1,000,000 | 1,000,550 | ||
| 7,605,578 | |||
PreRefunded (6.6%) | ||||
*Montana Board of Housing 4.700% 12/01/2026 Callable @ 100.000 12/01/2020 | 590,000 | 591,351 | ||
Montana Board of Housing 4.850% 06/01/2028 Callable @ 100.000 12/01/2020 | 275,000 | 275,666 | ||
Montana Facility Finance Authority 5.500% 01/01/2025 Callable @ 100.000 01/01/2021 | 575,000 | 580,169 | ||
Montana Facility Finance Authority 5.750% 01/01/2031 Callable @ 100.000 01/01/2021 | 815,000 | 822,669 | ||
*Montana State Board of Regents 4.000% 05/15/2025 Callable @ 100.000 05/15/2022 | 2,000,000 | 2,118,040 | ||
Montana State Board of Regents 4.000% 05/15/2026 Callable @ 100.000 05/15/2022 | 1,145,000 | 1,212,578 | ||
Montana State Board of Regents 5.000% 11/15/2023 Callable @ 100.000 11/15/2021 | 250,000 | 262,668 | ||
| 5,863,140 | |||
Transportation (1.7%) | ||||
Missoula Parking Commission 4.000% 10/01/2026 Callable @ 100.000 04/01/2024 | 835,000 | 930,082 | ||
Missoula Special Improvement Districts/MT 4.600% 07/01/2024 | 100,000 | 100,090 | ||
Missoula Special Improvement Districts/MT 4.600% 07/01/2025 | 105,000 | 105,112 | ||
Missoula Special Improvement Districts/MT 5.400% 07/01/2029 | 370,000 | 370,215 | ||
| 1,505,499 | |||
Utilities (4.3%) | ||||
City of Billings MT 5.000% 07/01/2031 Callable @ 100.000 07/01/2027 | 260,000 | 326,230 | ||
City of Billings MT Solid Waste System Revenue 3.500% 07/01/2039 Callable @ 100.000 07/01/2027 | 1,510,000 | 1,649,086 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2025 Callable @ 100.000 07/01/2023 | 215,000 | 237,246 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2026 Callable @ 100.000 07/01/2023 | 225,000 | 247,052 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2028 Callable @ 100.000 07/01/2025 | 250,000 | 288,203 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2029 Callable @ 100.000 07/01/2025 | 250,000 | 285,068 | ||
City of Dillon MT Water & Sewer System Revenue 4.000% 07/01/2033 Callable @ 100.000 07/01/2025 | 250,000 | 282,457 | ||
City of Red Lodge MT Water System Revenue 2.500% 07/01/2039 Callable @ 100.000 07/01/2027 | 500,000 | 511,855 | ||
| 3,827,196 | |||
TOTAL MUNICPAL BONDS (COST: $82,084,635) | $ | 85,862,032 | ||
OTHER ASSETS LESS LIABILITIES (3.7%) | $ | 3,312,682 | ||
NET ASSETS (100.0%) | $ | 89,174,714 | ||
*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 30, 2020 (unaudited) |
|
|
|
|
|
| Principal |
| Fair |
|
| Amount |
| Value |
MUNICIPAL BONDS (97.1%) |
|
|
|
|
|
|
|
|
|
Education (9.8%) |
|
|
|
|
State Board of Higher Education of the State of North Dakota 3.125% 07/01/2037 Callable @ 100.000 07/01/2029 | $ | 200,000 | $ | 181,582 |
State Board of Higher Education of the State of North Dakota 3.200% 07/01/2039 Callable @ 100.000 07/01/2029 | 200,000 | 178,274 | ||
State Board of Higher Education of the State of North Dakota 3.250% 04/01/2037 Callable @ 100.000 04/01/2027 | 250,000 | 263,318 | ||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2025 Callable @ 100.000 04/01/2024 | 415,000 | 469,788 | ||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2028 Callable @ 100.000 04/01/2024 | 365,000 | 389,970 | ||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2033 Callable @ 100.000 04/01/2025 | 500,000 | 549,385 | ||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2044 Callable @ 100.000 04/01/2029 | 500,000 | 571,190 | ||
University of North Dakota 5.000% 04/01/2024 Callable @ 100.000 04/01/2022 | 250,000 | 267,050 | ||
| 2,870,556 | |||
General Obligation (15.7%) |
|
|
|
|
City of Fargo ND 4.000% 05/01/2023 Callable @ 100.000 05/01/2021 | 300,000 | 306,078 | ||
City of Grand Forks ND 4.000% 12/01/2039 Callable @ 100.000 12/01/2028 | 470,000 | 538,592 | ||
City of Grand Forks ND 4.500% 05/01/2032 Callable @ 100.000 05/01/2025 | 240,000 | 267,022 | ||
City of Horace ND 3.000% 05/01/2037 Callable @ 100.000 05/01/2026 | 500,000 | 509,290 | ||
City of Horace ND 4.250% 05/01/2035 Callable @ 100.000 05/01/2023 | 340,000 | 352,628 | ||
City of Minot ND Airport Revenue 3.500% 10/01/2025 Callable @ 100.000 10/01/2022 | 570,000 | 602,576 | ||
City of Minot ND Airport Revenue 4.000% 10/01/2028 Callable @ 100.000 10/01/2022 | 355,000 | 375,210 | ||
City of Williston ND 4.000% 05/01/2035 Callable @ 100.000 05/01/2023 | 200,000 | 210,092 | ||
City of Williston ND 4.000% 05/01/2038 Callable @ 100.000 05/01/2023 | 230,000 | 240,771 | ||
Dickinson Public School District No 1 4.000% 08/01/2034 Callable @ 100.000 08/01/2025 | 400,000 | 443,416 | ||
Mandan Public School District No 1 3.125% 08/01/2024 Callable @ 100.000 08/01/2022 | 200,000 | 210,810 | ||
Nesson Public School District No 2 4.000% 08/01/2039 Callable @ 100.000 08/01/2027 | 500,000 | 558,170 | ||
| 4,614,654 | |||
Health Care (18.5%) |
|
|
|
|
City of Fargo ND 5.500% 11/01/2020 | 500,000 | 500,075 | ||
City of Fargo ND 6.000% 11/01/2028 Callable @ 100.000 11/01/2021 | 500,000 | 527,055 | ||
City of Grand Forks ND 3.000% 12/01/2020 | 135,000 | 135,100 | ||
City of Grand Forks ND 4.000% 12/01/2027 Callable @ 100.000 12/01/2021 | 400,000 | 407,500 | ||
City of Grand Forks ND 5.000% 12/01/2022 Callable @ 100.000 12/01/2021 | 500,000 | 521,965 | ||
City of Grand Forks ND 5.000% 12/01/2032 Callable @ 100.000 12/01/2021 | 250,000 | 257,335 | ||
City of Grand Forks ND 5.125% 12/01/2025 | 250,000 | 263,480 | ||
City of Langdon ND 6.200% 01/01/2025 | 155,000 | 155,129 | ||
County of Cass ND 4.125% 02/15/2037 Callable @ 100.000 02/15/2028 | 595,000 | 639,381 | ||
*County of Cass ND 4.250% 02/15/2043 Callable @ 100.000 02/15/2028 | 1,290,000 | 1,393,213 | ||
County of Cass ND 5.000% 02/15/2033 Callable @ 100.000 02/15/2028 | 445,000 | 520,779 | ||
County of Ward ND 5.000% 06/01/2053 Callable @ 100.000 06/01/2028 | 100,000 | 106,889 | ||
| 5,427,901 | |||
Housing (12.2%) |
|
|
|
|
North Dakota Housing Finance Agency 2.950% 07/01/2039 Callable @ 100.000 01/01/2029 | 250,000 | 260,643 | ||
North Dakota Housing Finance Agency 3.000% 07/01/2040 Callable @ 100.000 07/01/2029 | 315,000 | 324,797 | ||
North Dakota Housing Finance Agency 3.050% 07/01/2021 | 150,000 | 150,890 | ||
North Dakota Housing Finance Agency 3.050% 07/01/2043 Callable @ 100.000 01/01/2029 | 250,000 | 260,665 | ||
North Dakota Housing Finance Agency 3.500% 07/01/2035 Callable @ 100.000 07/01/2028 | 585,000 | 638,223 | ||
North Dakota Housing Finance Agency 3.550% 07/01/2033 Callable @ 100.000 07/01/2027 | 230,000 | 250,093 | ||
*North Dakota Housing Finance Agency 3.550% 07/01/2040 Callable @ 100.000 07/01/2026 | 1,000,000 | 1,055,330 | ||
North Dakota Housing Finance Agency 3.750% 07/01/2038 | 600,000 | 648,786 | ||
| 3,589,426 | |||
Other Revenue (25.2%) |
|
|
|
|
City of Grand Forks ND 5.000% 12/15/2028 Callable @ 100.000 12/15/2025 | 250,000 | 302,148 | ||
*City of Mandan ND 3.250% 09/01/2041 Callable @ 100.000 09/01/2024 | 1,250,000 | 1,286,675 | ||
*City of Mandan ND 4.000% 09/01/2034 Callable @ 100.000 09/01/2024 | 500,000 | 539,170 | ||
City of Minot ND 2.000% 10/01/2042 Callable @ 100.000 10/01/2028 | 595,000 | 563,727 | ||
County of Barnes ND 4.000% 05/01/2032 Callable @ 100.000 05/01/2025 | 250,000 | 270,415 | ||
County of Barnes ND 4.000% 05/01/2040 Callable @ 100.000 05/01/2025 | 500,000 | 529,345 | ||
Jamestown Park District/ND 3.000% 07/01/2035 Callable @ 100.000 07/01/2024 | 500,000 | 516,575 | ||
Jamestown Park District/ND 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 | 500,000 | 541,780 | ||
Jamestown Park District/ND 4.000% 07/01/2033 Callable @ 100.000 07/01/2024 | 345,000 | 371,951 | ||
Minot Park District 3.000% 12/01/2028 Callable @ 100.000 12/01/2023 | 250,000 | 262,663 | ||
Minot Park District 3.750% 12/01/2038 Callable @ 100.000 12/01/2025 | 435,000 | 468,917 | ||
North Dakota Public Finance Authority 4.000% 06/01/2028 Callable @ 100.000 06/01/2024 | 265,000 | 293,350 | ||
North Dakota Public Finance Authority 4.000% 06/01/2030 Callable @ 100.000 06/01/2023 | 400,000 | 430,192 | ||
North Dakota Public Finance Authority 4.500% 06/01/2026 Callable @ 100.000 06/01/2021 | 400,000 | 410,364 | ||
North Dakota Public Finance Authority 5.000% 06/01/2028 Callable @ 100.000 06/01/2025 | 130,000 | 154,744 | ||
North Dakota Public Finance Authority 5.000% 06/01/2031 | 240,000 | 240,170 | ||
North Dakota Public Finance Authority 6.000% 06/01/2034 | 200,000 | 200,360 | ||
| 7,382,545 | |||
PreRefunded (6.0%) | ||||
County of Burleigh ND 4.500% 07/01/2032 Callable @ 100.000 07/01/2022 | 250,000 | 267,703 | ||
County of Burleigh ND 5.000% 07/01/2022 | 300,000 | 325,164 | ||
County of Burleigh ND 5.000% 07/01/2035 Callable @ 100.000 07/01/2021 | 500,000 | 515,565 | ||
County of Burleigh ND Multi County Sales Tax Revenue 4.000% 11/01/2032 Callable @ 100.000 11/01/2022 | 400,000 | 418,684 | ||
Grand Forks Regional Airport Authority 4.500% 06/01/2028 Callable @ 100.000 06/01/2021 | 230,000 | 235,596 | ||
| 1,762,711 | |||
Transportation (1.3%) |
|
|
|
|
Grand Forks Regional Airport Authority 4.500% 06/01/2028 Callable @ 100.000 06/01/2021 | 370,000 |
| 378,125 | |
Utilities (8.4%) |
|
|
|
|
City of Bismarck ND Water Revenue 3.000% 04/01/2021 | 495,000 | 495,663 | ||
*City of Bismarck ND Water Revenue 3.625% 04/01/2025 | 675,000 | 675,911 | ||
City of Bismarck ND Water Revenue 3.750% 04/01/2026 | 265,000 | 265,284 | ||
City of Grand Forks ND Sanitation Revenue 2.600% 09/01/2038 Callable @ 100.000 09/01/2027 | 290,000 | 296,331 | ||
City of Grand Forks ND Sanitation Revenue 2.625% 09/01/2040 Callable @ 100.000 09/01/2027 | 485,000 | 492,648 | ||
City of West Fargo ND Water & Sewer Revenue 2.625% 11/01/2034 Callable @ 100.000 11/01/2025 | 250,000 | 253,460 | ||
| 2,479,297 | |||
|
|
|
|
|
TOTAL MUNICIPAL BONDS (COST: $27,501,358) |
|
| $ | 28,505,215 |
|
|
|
|
|
OTHER ASSETS LESS LIABILITIES (2.9%) |
|
|
| 843,689 |
|
|
|
|
|
NET ASSETS (100.0%) |
|
| $ | 29,348,904 |
| ||||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
NOTE: INVESTMENT IN SECURITIES (unaudited) | ||||||
As of October 30, 2020, the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows: | ||||||
Kansas Municipal Fund | Maine Municipal Fund | Nebraska Municipal Fund | Oklahoma Municipal Fund | Viking Tax-Free Fund for Montana | Viking Tax-Free Fund for North Dakota | |
Investments at cost | $63,747,814 | $13,838,030 | $48,994,035 | $66,359,253 | $82,084,635 | $27,501,358 |
Unrealized appreciation | $3,952,921 | $663,270 | $2,647,974 | $2,733,135 | $3,912,821 | $1,098,645 |
Unrealized depreciation | ($59,073) | ($27,727) | ($69,090) | ($140,884) | ($135,425) | ($94,788) |
Net unrealized appreciation (depreciation)* | $3,893,848 | $635,543 | $2,578,884 | $2,592,251 | $3,777,396 | $1,003,857 |
*Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of 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 October 30, 2020: | ||||||
Kansas Municipal Fund | ||||||
| Level 1 | Level 2 | Level 3 | Total | ||
Municipal Bonds | $0 | $67,641,662 | $0 | $67,641,662 | ||
Total | $0 | $67,641,662 | $0 | $67,641,662 | ||
Maine Municipal Fund | ||||||
| Level 1 | Level 2 | Level 3 | Total | ||
Municipal Bonds | $0 | $14,473,573 | $0 | $14,473,573 | ||
Total | $0 | $14,473,573 | $0 | $14,473,573 | ||
Nebraska Municipal Fund | ||||||
| Level 1 | Level 2 | Level 3 | Total | ||
Municipal Bonds | $0 | $51,564,691 | $0 | $51,564,691 | ||
Total | $0 | $51,564,691 | $0 | $51,564,691 | ||
Oklahoma Municipal Fund | ||||||
| Level 1 | Level 2 | Level 3 | Total | ||
Municipal Bonds | 0 | 68,951,504 | 0 | 68,951,504 | ||
Total | $0 | 68,951,504 | $0 | 68,951,504 | ||
Viking Tax-Free Fund for Montana | ||||||
Level 1 | Level 2 | Level 3 | Total | |||
Municipal Bonds | $0 | $85,862,031 | $0 | $85,862,031 | ||
Total | $0 | $85,862,031 | $0 | $85,862,031 | ||
Viking Tax-Free Fund for North Dakota | ||||||
Level 1 | Level 2 | Level 3 | Total | |||
Municipal Bonds | $0 | $28,505,215 | $0 | $28,505,215 | ||
Total | $0 | $28,505,215 | $0 | $28,505,215 | ||
The funds did not have any Level 3 assets during the quarter ended October 30, 2020 |