Viking Mutual Funds NPORT-P Maine Municipal Fund (Oct 2022 report)

MAINE MUNICIPAL FUND
Schedule of Investments October 31, 2022 (unaudited)
	Principal		Fair
	Amount		Value
MUNICIPAL BONDS (91.6%)
Education (9.3%)
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2026	940,000		979,414
General Obligation (25.2%)
City of Biddeford ME 4.000% 10/01/2026	250,000		257,798
Town of Brunswick ME 2.500% 11/01/2041 Callable @ 100.000 11/01/2030	500,000		348,300
Town of Kennebunk ME 2.000% 10/01/2035 Callable @ 100.000 10/01/2031	600,000		445,626
City of Lewiston ME 2.750% 03/15/2038 Callable @ 100.000 03/15/2027	100,000		76,990
City of Lewiston ME 2.750% 03/15/2039 Callable @ 100.000 03/15/2027	250,000		192,692
City of Lewiston ME 2.750% 03/15/2040 Callable @ 100.000 03/15/2027	250,000		188,827
Regional School Unit No 26 3.000% 09/01/2044 Callable @ 100.000 09/01/2029	475,000		333,422
Maine School Administrative District No 51 4.000% 10/15/2029 Callable @ 100.000 10/15/2024	100,000		101,505
*Maine School Administrative District No 28 4.000% 05/01/2036 Callable @ 100.000 05/01/2028	500,000		483,010
City of Waterville ME 4.000% 07/01/2025	135,000		135,027
Wells Ogunquit Community School District 4.000% 11/01/2024	100,000		100,996
			2,664,193
Health Care (2.2%)
Maine Health & Higher Educational Facilities Authority 4.500% 07/01/2031	5,000		5,000
Maine Health & Higher Educational Facilities Authority 5.250% 07/01/2023	40,000		39,627
Maine Health & Higher Educational Facilities Authority 3.000% 07/01/2039 Callable @ 100.000 07/01/2029	250,000		189,017
			233,644
Housing (7.7%)
Maine State Housing Authority 3.000% 11/15/2036 Callable @ 100.000 11/15/2025	400,000		334,080
Maine State Housing Authority 3.350% 11/15/2044 Callable @ 100.000 05/15/2028	155,000		116,002
Maine State Housing Authority 2.500% 11/15/2045 Callable @ 100.000 11/15/2028	165,000		108,677
Maine State Housing Authority 2.250% 11/15/2045 Callable @ 100.000 05/15/2029	250,000		155,933
Maine State Housing Authority 5.000% 06/15/2037 Callable @ 100.000 06/15/2031	100,000		106,206
			820,898
Other Revenue (5.1%)
Maine Municipal Bond Bank 4.000% 11/01/2038 Callable @ 100.000 11/01/2022	125,000		125,000
Maine Municipal Bond Bank 5.000% 11/01/2025 Callable @ 100.000 11/01/2022	125,000		125,000
Maine Municipal Bond Bank 5.000% 11/01/2027 Callable @ 100.000 11/01/2024	100,000		103,480
Maine Municipal Bond Bank 3.000% 11/01/2040 Callable @ 100.000 11/01/2030	250,000		185,967
			539,447
Pre-Refunded (30.2%)
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2034 Callable @ 100.000 07/01/2024	250,000		256,743
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2039 Callable @ 100.000 07/01/2024	750,000		769,987
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2029 Callable @ 100.000 07/01/2024	1,000,000		1,027,300
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2030 Callable @ 100.000 07/01/2024	500,000		512,995
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2031 Callable @ 100.000 07/01/2024	500,000		506,665
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2023	15,000		15,209
Town of Scarborough ME 4.000% 11/01/2028 Callable @ 100.000 11/01/2023	100,000		100,830
			3,189,729
Transportation (6.3%)
Maine Turnpike Authority 4.000% 07/01/2032 Callable @ 100.000 07/01/2024	250,000		250,402
City of Portland ME General Airport Revenue 5.000% 07/01/2023	100,000		101,379
City of Portland ME General Airport Revenue 5.000% 07/01/2024 Callable @ 100.000 07/01/2023	100,000		101,386
City of Portland ME General Airport Revenue 4.000% 01/01/2040 Callable @ 100.000 01/01/2030	250,000		212,548
			665,715
Utilities (5.6%)
Portland Water District 3.000% 11/01/2039 Callable @ 100.000 11/01/2029	500,000		417,340
Portland Water District Water System Revenue 2.000% 11/01/2036 Callable @ 100.000 11/01/2031	250,000		176,553
			593,893
TOTAL MUNICIPAL BONDS (COST: $11,003,757)		$	9,686,933
OTHER ASSETS LESS LIABILITIES (8.4%)		$	885,795
NET ASSETS (100.0%)		$	10,572,728
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases.

NOTE:  INVESTMENT IN SECURITIES (unaudited)
At October 31, 2022, the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows:
	Maine Municipal Fund
Investments at cost	$11,003,757
Unrealized appreciation	$985
Unrealized depreciation	($1,317,809)
Net unrealized appreciation (depreciation)*	($1,316,824)
*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 31, 2022:
Maine Municipal Fund
	Level 1	Level 2	Level 3	Total
Municipal Bonds	$0	$9,686,933	$0	$9,686,933
Total	$0	$9,686,933	$0	$9,686,933