Item 1. SCHEDULE OF INVESTMENTS | | | | |
KANSAS MUNICIPAL FUND | | | | |
Schedule of Investments April 30, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (91.4%) | | | | |
| | | | | |
Education (4.1%) | | | | |
Johnson County Community College Foundation Inc 4.000% 11/15/2023 | $ | 870,000 | $ | 952,850 |
Kansas Development Finance Authority 2.000% 05/01/2035 Callable @ 100.000 05/01/2029 | | 960,000 | | 985,085 |
Kansas Development Finance Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2028 | | 500,000 | | 552,150 |
Kansas Development Finance Authority 3.000% 10/01/2044 Callable @ 100.000 10/01/2027 | | 500,000 | | 514,360 |
Kansas Development Finance Authority 5.000% 06/01/2027 Callable @ 100.000 06/01/2021 | | 250,000 | | 251,010 |
| | | | | 3,255,455 |
General Obligation (38.4%) | | | | |
*Allen County Unified School District No 257 3.000% 09/01/2038 Callable @ 100.000 09/01/2028 | | 1,000,000 | | 1,064,840 |
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2027 Callable @ 100.000 09/01/2024 | | 250,000 | | 284,908 |
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2028 Callable @ 100.000 09/01/2024 | | 250,000 | | 286,603 |
City of Arkansas City KS 2.000% 08/01/2036 Callable @ 100.000 02/01/2028 | | 500,000 | | 511,775 |
City of Bonner Springs KS 2.000% 09/01/2040 Callable @ 100.000 09/01/2027 | | 325,000 | | 326,089 |
City of Bonner Springs KS 3.000% 09/01/2044 Callable @ 100.000 09/01/2028 | | 1,060,000 | | 1,146,273 |
City of Burlingame KS 3.000% 09/01/2045 Callable @ 100.000 09/01/2027 | | 365,000 | | 377,286 |
City of Hillsboro KS 3.000% 09/01/2024 | | 100,000 | | 107,089 |
City of Hillsboro KS 3.000% 09/01/2027 Callable @ 100.000 09/01/2026 | | 225,000 | | 245,052 |
City of Hillsboro KS 3.000% 09/01/2028 Callable @ 100.000 09/01/2026 | | 230,000 | | 246,277 |
City of Hillsboro KS 3.000% 09/01/2029 Callable @ 100.000 09/01/2026 | | 240,000 | | 254,287 |
City of Hutchinson KS 2.500% 10/01/2040 Callable @ 100.000 10/01/2029 | | 420,000 | | 437,627 |
City of Ozawkie KS 3.000% 09/01/2039 Callable @ 100.000 09/01/2027 | | 335,000 | | 356,001 |
City of Prairie Village KS 3.000% 09/01/2049 Callable @ 100.000 09/01/2027 | | 1,500,000 | | 1,616,325 |
City of South Hutchinson KS 4.000% 10/01/2038 Callable @ 100.000 10/01/2025 | | 355,000 | | 389,034 |
City of Topeka KS 3.000% 08/15/2021 | | 1,000,000 | | 1,008,100 |
City of Topeka KS 3.000% 08/15/2022 | | 500,000 | | 518,145 |
City of Wichita KS 2.000% 12/01/2038 Callable @ 100.000 12/01/2028 | | 250,000 | | 251,168 |
City of Wichita KS 4.500% 09/01/2022 | | 150,000 | | 150,075 |
City of Wichita KS 4.750% 09/01/2027 | | 180,000 | | 180,167 |
County of Clay KS 4.000% 10/01/2036 Callable @ 100.000 10/01/2024 | | 500,000 | | 539,305 |
County of Johnson KS 2.000% 09/01/2034 Callable @ 100.000 09/01/2029 | | 500,000 | | 525,400 |
County of Linn KS 3.000% 07/01/2036 Callable @ 100.000 07/01/2029 | | 1,100,000 | | 1,193,016 |
County of Reno KS 3.000% 09/01/2036 Callable @ 100.000 09/01/2028 | | 250,000 | | 273,645 |
County of Scott KS 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 | | 500,000 | | 590,380 |
County of Thomas KS 3.000% 12/01/2047 Callable @ 100.000 12/01/2029 | | 1,000,000 | | 1,060,190 |
Douglas County Unified School District No 348 Baldwin City 4.000% 09/01/2030 Callable @ 100.000 09/01/2025 | | 250,000 | | 281,478 |
Geary County Unified School District No 475 4.000% 09/01/2033 Callable @ 100.000 09/01/2025 | | 350,000 | | 390,180 |
Greenwood County Unified School District No 389 Eureka 4.000% 09/01/2021 | | 150,000 | | 151,749 |
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2037 Callable @ 100.000 09/01/2027 | | 500,000 | | 623,055 |
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2039 Callable @ 100.000 09/01/2027 | | 2,000,000 | | 2,525,880 |
Johnson County Unified School District No 231 Gardner Edgerton 5.000% 10/01/2025 Callable @ 100.000 10/01/2023 | | 250,000 | | 279,890 |
Leavenworth County Unified School District No 453 4.000% 09/01/2037 Callable @ 100.000 09/01/2026 | | 650,000 | | 767,254 |
Leavenworth County Unified School District No 464 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 | | 500,000 | | 581,730 |
Linn County Unified School District No 362 Prairie View 3.000% 09/01/2035 Callable @ 100.000 09/01/2028 | | 500,000 | | 547,050 |
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 | | 750,000 | | 862,260 |
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2048 Callable @ 100.000 09/01/2027 | | 1,000,000 | | 1,093,910 |
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 Callable @ 100.000 09/01/2021 | | 10,000 | | 10,166 |
Miami County Unified School District No 416 Louisburg 3.000% 09/01/2040 Callable @ 100.000 09/01/2028 | | 400,000 | | 426,220 |
Miami County Unified School District No 416 Louisburg 3.000% 09/01/2041 Callable @ 100.000 09/01/2028 | | 400,000 | | 425,096 |
Rice County Unified School District No 444 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 | | 710,000 | | 832,660 |
Riley County Unified School District No 378 Riley 4.000% 09/01/2028 Callable @ 100.000 09/01/2027 | | 680,000 | | 807,983 |
Riley County Unified School District No 383 Manhattan Ogden 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 | | 1,000,000 | | 1,141,880 |
Sedgwick County Unified School District No 262 Valley Center 5.000% 09/01/2035 Callable @ 100.000 09/01/2024 | | 405,000 | | 467,208 |
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | | 85,000 | | 90,572 |
Seward County Unified School District No 480 Liberal 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | | 500,000 | | 534,450 |
Wyandotte County Kansas City Unified Government 2.250% 08/01/2037 Callable @ 100.000 08/01/2028 | | 410,000 | | 423,616 |
Wyandotte County Kansas City Unified Government 2.250% 08/01/2038 Callable @ 100.000 08/01/2028 | | 1,000,000 | | 1,027,700 |
Wyandotte County Kansas City Unified Government 2.375% 08/01/2040 Callable @ 100.000 08/01/2028 | | 1,000,000 | | 1,025,860 |
Wyandotte County Unified School District No 500 Kansas City 5.000% 09/01/2026 | | 1,000,000 | | 1,225,970 |
| | | | | 30,482,872 |
Health Care (13.8%) | | | | |
Ashland Public Building Commission 5.000% 09/01/2030 Callable @ 100.000 09/01/2023 | | 1,020,000 | | 1,093,501 |
Ashland Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2024 | | 550,000 | | 605,600 |
Ashland Public Building Commission 5.000% 09/01/2035 Callable @ 100.000 09/01/2023 | | 500,000 | | 532,005 |
City of Lawrence KS 5.000% 07/01/2043 Callable @ 100.000 07/01/2028 | | 1,500,000 | | 1,776,570 |
City of Manhattan KS 5.000% 11/15/2023 Callable @ 100.000 11/15/2022 | | 250,000 | | 268,718 |
City of Manhattan KS 5.000% 11/15/2024 Callable @ 100.000 11/15/2022 | | 250,000 | | 268,340 |
City of Manhattan KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2022 | | 500,000 | | 530,885 |
City of Olathe KS 4.000% 09/01/2028 Callable @ 100.000 09/01/2021 | | 250,000 | | 252,615 |
City of Olathe KS 4.000% 09/01/2030 Callable @ 100.000 09/01/2021 | | 295,000 | | 297,820 |
Kansas Development Finance Authority 4.125% 11/15/2027 Callable @ 100.000 11/15/2022 | | 100,000 | | 105,273 |
University of Kansas Hospital Authority 3.000% 03/01/2041 Callable @ 100.000 03/01/2030 | | 500,000 | | 531,810 |
University of Kansas Hospital Authority 4.000% 09/01/2040 Callable @ 100.000 09/01/2025 | | 500,000 | | 544,290 |
University of Kansas Hospital Authority 4.000% 09/01/2048 Callable @ 100.000 03/01/2029 | | 1,000,000 | | 1,122,510 |
University of Kansas Hospital Authority 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | | 500,000 | | 571,980 |
University of Kansas Hospital Authority 5.000% 09/01/2048 Callable @ 100.000 03/01/2029 | | 2,000,000 | | 2,421,280 |
| | | | | 10,923,196 |
Other Revenue (8.8%) | | | | |
City of Manhattan KS 4.500% 12/01/2025 | | 500,000 | | 500,075 |
City of Manhattan KS 5.000% 12/01/2026 | | 310,000 | | 310,295 |
*City of Manhattan KS 5.000% 12/01/2032 | | 1,000,000 | | 1,000,240 |
City of Wichita KS 4.000% 09/01/2038 Callable @ 100.000 09/01/2027 | | 1,000,000 | | 1,125,200 |
#Clay Center Public Building Commission 3.000% 09/01/2027 | | 290,000 | | 325,830 |
Dickson County Public Building Commission 4.000% 08/01/2038 Callable @ 100.000 08/01/2028 | | 750,000 | | 862,800 |
Hoisington Public Building Commission 3.000% 11/01/2040 Callable @ 100.000 11/01/2029 | | 660,000 | | 694,967 |
Hoisington Public Building Commission 3.000% 11/01/2045 Callable @ 100.000 11/01/2029 | | 500,000 | | 521,575 |
Johnson County Public Building Commission 4.000% 09/01/2022 | | 405,000 | | 425,764 |
Kansas Development Finance Authority 3.000% 11/01/2033 Callable @ 100.000 11/01/2027 | | 1,000,000 | | 1,067,300 |
Washington County Public Building Commission 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 | | 100,000 | | 104,402 |
| | | | | 6,938,447 |
Pre-Refunded (12.4%) | | | | |
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2029 Callable @ 100.000 09/01/2024 | | 250,000 | | 288,248 |
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2030 Callable @ 100.000 09/01/2024 | | 250,000 | | 288,248 |
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2031 Callable @ 100.000 09/01/2024 | | 500,000 | | 576,495 |
City of Olathe KS 4.000% 09/01/2030 Callable @ 100.000 09/01/2021 | | 150,000 | | 151,883 |
City of Wichita KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2021 | | 300,000 | | 307,593 |
*Franklin County Unified School District No 290 Ottawa 5.000% 09/01/2040 Callable @ 100.000 09/01/2025 | | 3,000,000 | | 3,574,020 |
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 | | 135,000 | | 143,987 |
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 | | 115,000 | | 122,639 |
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | | 140,000 | | 149,320 |
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | | 110,000 | | 117,307 |
Leavenworth County Unified School District No 458 5.000% 09/01/2029 Callable @ 100.000 09/01/2023 | | 500,000 | | 556,275 |
Leavenworth County Unified School District No 469 4.000% 09/01/2030 Callable @ 100.000 09/01/2022 | | 320,000 | | 335,744 |
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 Callable @ 100.000 09/01/2021 | | 135,000 | | 137,232 |
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 Callable @ 100.000 09/01/2021 | | 105,000 | | 106,739 |
Neosho County Unified School District No 413 4.000% 09/01/2031 Callable @ 100.000 09/01/2023 | | 250,000 | | 267,573 |
Seward County Unified School District No 480 Liberal 4.250% 09/01/2039 Callable @ 100.000 09/01/2022 | | 500,000 | | 525,575 |
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | | 85,000 | | 90,421 |
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | | 330,000 | | 351,094 |
Washington County Public Building Commission 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 | | 500,000 | | 525,915 |
Washington County Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 | | 500,000 | | 533,005 |
Washington County Public Building Commission 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 | | 400,000 | | 425,848 |
Wyandotte County Unified School District No 202 Turner 5.000% 09/01/2025 Callable @ 100.000 09/01/2023 | | 250,000 | | 277,765 |
| | | | | 9,852,924 |
Transportation (1.1%) | | | | |
State of Kansas Department of Transportation 5.000% 09/01/2033 Callable @ 100.000 09/01/2025 | | 500,000 | | 582,340 |
State of Kansas Department of Transportation 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | | 250,000 | | 291,708 |
| | | | | 874,048 |
Utilities (12.8%) | | | | |
City of McPherson KS Water System Revenue 2.000% 10/01/2037 Callable @ 100.000 10/01/2029 | | 425,000 | | 433,390 |
City of McPherson KS Water System Revenue 3.000% 10/01/2031 Callable @ 100.000 10/01/2029 | | 150,000 | | 168,372 |
City of McPherson KS Water System Revenue 3.000% 10/01/2032 Callable @ 100.000 10/01/2029 | | 175,000 | | 194,856 |
City of Topeka KS Combined Utility Revenue 4.000% 08/01/2023 | | 500,000 | | 542,830 |
Kansas Municipal Energy Agency 5.000% 04/01/2030 Callable @ 100.000 04/01/2026 | | 250,000 | | 293,133 |
Kansas Municipal Energy Agency 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 | | 500,000 | | 583,090 |
Kansas Municipal Energy Agency 5.000% 04/01/2033 Callable @ 100.000 04/01/2026 | | 745,000 | | 866,405 |
Kansas Municipal Energy Agency 5.000% 04/01/2035 Callable @ 100.000 04/01/2026 | | 300,000 | | 350,295 |
Kansas Municipal Energy Agency 5.000% 04/01/2038 Callable @ 100.000 04/01/2026 | | 1,000,000 | | 1,159,870 |
*Kansas Municipal Energy Agency 5.750% 07/01/2038 Callable @ 100.000 07/01/2023 | | 1,000,000 | | 1,094,040 |
Kansas Power Pool 4.000% 12/01/2031 Callable @ 100.000 12/01/2025 | | 500,000 | | 549,860 |
Saline County Public Building Commission/KS 2.000% 09/01/2031 Callable @ 100.000 09/01/2028 | | 435,000 | | 450,864 |
Saline County Public Building Commission/KS 3.000% 09/01/2029 Callable @ 100.000 09/01/2028 | | 410,000 | | 462,484 |
Wyandotte County Kansas City Unified Government Utility System Revenue 3.000% 09/01/2040 Callable @ 100.000 09/01/2030 | 250,000 | | 269,125 |
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2028 Callable @ 100.000 09/01/2026 | 500,000 | | 606,750 |
*Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 | 1,250,000 | | 1,318,300 |
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 500,000 | | 573,565 |
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2036 Callable @ 100.000 09/01/2021 | 250,000 | | 253,408 |
| | | | | 10,170,636 |
| | | | | |
TOTAL MUNICIPAL BONDS (COST: $68,537,222) | | | $ | 72,497,578 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (8.6%) | | | | 6,845,792 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 79,343,370 |
| |
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
#When-issued purchase as of April 30, 2021. |
| | | | | |
MAINE MUNICIPAL FUND | | | | |
Schedule of Investments April 30, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (92.1%) | | | | |
| | | | | |
Education (9.6%) | | | | |
Maine Educational Loan Authority 4.450% 12/01/2025 | $ | 100,000 | $ | 100,328 |
Maine Health & Higher Educational Facilities Authority 4.750% 07/01/2031 Callable @ 100.000 07/01/2021 | | 180,000 | | 180,475 |
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2026 | | 940,000 | | 1,124,306 |
| | | | | 1,405,109 |
General Obligation (24.5%) | | | | |
City of Auburn ME 4.500% 09/01/2022 | | 100,000 | | 105,961 |
City of Biddeford ME 4.000% 10/01/2026 | | 250,000 | | 297,085 |
City of Lewiston ME 2.750% 03/15/2038 Callable @ 100.000 03/15/2027 | | 100,000 | | 103,546 |
City of Lewiston ME 2.750% 03/15/2039 Callable @ 100.000 03/15/2027 | | 250,000 | | 259,425 |
City of Lewiston ME 2.750% 03/15/2040 Callable @ 100.000 03/15/2027 | | 250,000 | | 260,130 |
City of Portland ME 4.125% 10/01/2029 | | 100,000 | | 100,095 |
City of Portland ME 4.250% 05/01/2029 | | 150,000 | | 150,089 |
City of Portland ME 5.000% 08/01/2021 | | 125,000 | | 126,706 |
City of Portland ME 5.000% 08/01/2022 Callable @ 100.000 08/01/2021 | | 125,000 | | 126,746 |
City of Waterville ME 4.000% 07/01/2025 Callable @ 100.000 07/01/2021 | | 135,000 | | 135,957 |
*Maine School Administrative District No 28 4.000% 05/01/2036 Callable @ 100.000 05/01/2028 | | 500,000 | | 575,615 |
Maine School Administrative District No 51 4.000% 10/15/2029 Callable @ 100.000 10/15/2024 | | 100,000 | | 110,944 |
Regional School Unit No 26 3.000% 09/01/2044 Callable @ 100.000 09/01/2029 | | 475,000 | | 506,773 |
Town of Brunswick ME 2.500% 11/01/2041 Callable @ 100.000 11/01/2030 | | 500,000 | | 515,835 |
Town of Scarborough ME 4.000% 11/01/2028 Callable @ 100.000 11/01/2023 | | 100,000 | | 108,406 |
Wells Ogunquit Community School District 4.000% 11/01/2024 | | 100,000 | | 111,803 |
| | | | | 3,595,116 |
Health Care (17.3%) | | | | |
Maine Health & Higher Educational Facilities Authority 3.000% 07/01/2039 Callable @ 100.000 07/01/2029 | | 250,000 | | 263,595 |
Maine Health & Higher Educational Facilities Authority 4.500% 07/01/2031 | | 5,000 | | 5,002 |
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2029 Callable @ 100.000 07/01/2024 | | 1,000,000 | | 1,105,400 |
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2030 Callable @ 100.000 07/01/2024 | | 500,000 | | 551,285 |
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2031 Callable @ 100.000 07/01/2024 | | 500,000 | | 553,845 |
Maine Health & Higher Educational Facilities Authority 5.250% 07/01/2023 | | 55,000 | | 55,017 |
| | | | | 2,534,144 |
Housing (15.3%) | | | | |
Maine State Housing Authority 2.250% 11/15/2045 Callable @ 100.000 05/15/2029 | | 250,000 | | 252,660 |
Maine State Housing Authority 2.500% 11/15/2045 Callable @ 100.000 11/15/2028 | | 165,000 | | 166,982 |
Maine State Housing Authority 3.000% 11/15/2036 Callable @ 100.000 11/15/2025 | | 400,000 | | 414,216 |
Maine State Housing Authority 3.350% 11/15/2044 Callable @ 100.000 05/15/2028 | | 155,000 | | 163,976 |
Maine State Housing Authority 4.000% 11/15/2035 Callable @ 100.000 11/15/2024 | | 435,000 | | 462,562 |
*Maine State Housing Authority 4.000% 11/15/2044 Callable @ 100.000 05/15/2028 | | 500,000 | | 542,775 |
Maine State Housing Authority 5.000% 06/15/2024 | | 250,000 | | 250,128 |
| | | | | 2,253,298 |
Other Revenue (4.4%) | | | | |
Maine Municipal Bond Bank 3.000% 11/01/2040 Callable @ 100.000 11/01/2030 | | 250,000 | | 272,440 |
Maine Municipal Bond Bank 4.000% 11/01/2038 Callable @ 100.000 11/01/2022 | | 125,000 | | 129,513 |
Maine Municipal Bond Bank 5.000% 11/01/2025 Callable @ 100.000 11/01/2022 | | 125,000 | | 134,560 |
Maine Municipal Bond Bank 5.000% 11/01/2027 Callable @ 100.000 11/01/2024 | | 100,000 | | 115,964 |
| | | | | 652,477 |
Pre-Refunded (11.7%) | | | | |
Maine Governmental Facilities Authority 4.000% 10/01/2024 Callable @ 100.000 10/01/2021 | | 200,000 | | 203,278 |
Maine Health & Higher Educational Facilities Authority 4.000% 07/01/2024 Callable @ 100.000 07/01/2022 | | 270,000 | | 282,128 |
Maine Health & Higher Educational Facilities Authority 4.750% 07/01/2031 Callable @ 100.000 07/01/2021 | | 70,000 | | 70,531 |
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2023 | | 15,000 | | 16,632 |
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2034 Callable @ 100.000 07/01/2024 | | 250,000 | | 287,290 |
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2039 Callable @ 100.000 07/01/2024 | | 750,000 | | 855,983 |
| | | | | 1,715,842 |
Transportation (4.1%) | | | | |
City of Portland ME General Airport Revenue 5.000% 07/01/2022 | | 100,000 | | 106,722 |
City of Portland ME General Airport Revenue 5.000% 07/01/2023 | | 100,000 | | 111,172 |
City of Portland ME General Airport Revenue 5.000% 07/01/2024 Callable @ 100.000 07/01/2023 | | 100,000 | | 111,369 |
Maine Turnpike Authority 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 | | 250,000 | | 269,243 |
| | | | | 598,506 |
Utilities (5.2%) | | | | |
Kennebunk Light & Power District 5.000% 08/01/2022 | | 215,000 | | 215,297 |
Portland Water District 3.000% 11/01/2039 Callable @ 100.000 11/01/2029 | | 500,000 | | 547,930 |
| | | | | 763,227 |
| | | | | |
TOTAL MUNICIPAL BONDS (COST: $12,838,065) | | | $ | 13,517,717 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (7.9%) | | | | 1,163,771 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 14,681,488 |
| |
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
| | | | | |
NEBRASKA MUNICIPAL FUND | | | | |
Schedule of Investments April 30, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (92.1%) | | | | |
| | | | | |
Education (2.6%) | | | | |
County of Saline NE 3.000% 02/15/2034 Callable @ 100.000 02/15/2029 | $ | 365,000 | $ | 385,750 |
County of Saline NE 3.000% 02/15/2035 Callable @ 100.000 02/15/2029 | | 300,000 | | 315,171 |
Nebraska Educational Health & Social Services Finance Authority 5.050% 09/01/2030 Callable @ 100.000 05/18/2021 | | 250,000 | | 253,725 |
Southeast Community College 3.000% 03/15/2045 Callable @ 100.000 07/02/2025 | | 500,000 | | 505,395 |
| | | | | 1,460,041 |
| | | | | |
General Obligation (35.6%) | | | | |
Ashland Greenwood Public Schools 3.000% 12/15/2044 Callable @ 100.000 12/15/2030 | | 950,000 | | 1,043,376 |
Ashland Greenwood Public Schools 3.000% 12/15/2046 Callable @ 100.000 12/15/2030 | | 500,000 | | 542,375 |
City of Lincoln NE 3.000% 12/01/2039 Callable @ 100.000 06/01/2029 | | 685,000 | | 735,190 |
City of Omaha NE 3.750% 01/15/2038 Callable @ 100.000 01/15/2027 | | 500,000 | | 548,430 |
City of Omaha NE 4.000% 04/15/2037 Callable @ 100.000 04/15/2029 | | 500,000 | | 591,465 |
City of Omaha NE 5.000% 04/15/2027 Callable @ 100.000 04/15/2026 | | 955,000 | | 1,169,799 |
City of Omaha NE 5.000% 04/15/2028 Callable @ 100.000 04/15/2026 | | 500,000 | | 609,105 |
City of Sidney NE 4.000% 12/15/2036 Callable @ 100.000 12/15/2021 | | 1,250,000 | | 1,271,625 |
County of Kearney NE 4.000% 06/01/2024 | | 350,000 | | 387,121 |
Douglas County School District No 17/NE 2.000% 12/15/2039 Callable @ 100.000 12/15/2030 | | 500,000 | | 494,225 |
Douglas County School District No 59/NE 3.500% 06/15/2043 Callable @ 100.000 03/15/2024 | | 500,000 | | 519,765 |
Elkhorn School District 4.000% 12/15/2030 Callable @ 100.000 12/15/2026 | | 500,000 | | 573,470 |
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2025 | | 300,000 | | 333,510 |
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2028 | | 500,000 | | 588,115 |
Elkhorn School District 4.000% 12/15/2037 Callable @ 100.000 12/15/2029 | | 300,000 | | 361,674 |
Elkhorn School District 5.000% 06/15/2022 | | 475,000 | | 500,650 |
Gretna Public Schools 3.000% 12/15/2046 Callable @ 100.000 12/15/2031 | | 1,000,000 | | 1,103,720 |
Hall County Airport Authority 5.000% 07/15/2030 Callable @ 100.000 08/15/2021 | | 410,000 | | 420,488 |
Hall County Airport Authority 5.000% 07/15/2031 Callable @ 100.000 08/15/2021 | | 435,000 | | 444,553 |
Kearney School District 3.000% 12/15/2024 | | 350,000 | | 381,724 |
Knox County School District N0 576 4.000% 12/15/2038 Callable @ 100.000 12/15/2023 | | 590,000 | | 626,486 |
Lancaster County School District 001 5.000% 01/15/2023 | | 750,000 | | 812,115 |
Omaha School District 3.000% 12/15/2042 Callable @ 100.000 01/30/2030 | | 1,000,000 | | 1,088,350 |
*Omaha School District 5.000% 12/15/2029 Callable @ 100.000 12/15/2026 | | 1,630,000 | | 2,008,584 |
Plattsmouth School District 3.000% 12/15/2039 Callable @ 100.000 08/21/2024 | | 1,000,000 | | 1,028,240 |
Polk County School District No 19 3.000% 06/15/2039 Callable @ 100.000 07/30/2024 | | 455,000 | | 470,748 |
Ponca Public Schools 3.000% 12/15/2026 Callable @ 100.000 02/26/2025 | | 355,000 | | 385,175 |
Sarpy County School District No 1 3.500% 12/15/2035 Callable @ 100.000 09/30/2024 | | 250,000 | | 266,980 |
Superior Public Schools 1.450% 12/15/2022 | | 340,000 | | 346,627 |
Westside Community Schools 5.000% 12/01/2038 Callable @ 100.000 12/05/2024 | | 235,000 | | 264,164 |
Westside Community Schools 5.000% 12/01/2039 Callable @ 100.000 12/05/2024 | | 250,000 | | 280,605 |
| | | | | 20,198,451 |
Health Care (3.5%) | | | | |
Douglas County Hospital Authority No 2 5.000% 05/15/2027 Callable @ 100.000 05/15/2026 | | 200,000 | | 241,916 |
Madison County Hospital Authority No 1 5.000% 07/01/2031 Callable @ 100.000 07/01/2025 | | 500,000 | | 572,385 |
Madison County Hospital Authority No 1 5.000% 07/01/2032 Callable @ 100.000 07/01/2025 | | 335,000 | | 382,429 |
Madison County Hospital Authority No 1 5.000% 07/01/2033 Callable @ 100.000 07/01/2025 | | 450,000 | | 515,084 |
Madison County Hospital Authority No 1 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 | | 215,000 | | 246,833 |
| | | | | 1,958,647 |
Housing (2.3%) | | | | |
Nebraska Investment Finance Authority 3.850% 03/01/2038 Callable @ 100.000 09/01/2024 | | 515,000 | | 528,807 |
Nebraska Investment Finance Authority 3.900% 09/01/2035 Callable @ 100.000 09/01/2024 | | 730,000 | | 768,391 |
| | | | | 1,297,198 |
Other Revenue (0.8%) | | | | |
Papillion Municipal Facilities Corp 3.000% 12/15/2034 Callable @ 100.000 07/30/2024 | | 435,000 | | 453,836 |
| | | | | |
Pre-Refunded (17.0%) | | | | |
*City of Lincoln NE Electric System Revenue 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 | | 1,000,000 | | 1,060,030 |
*City of Omaha NE 5.000% 02/01/2027 Callable @ 100.000 02/01/2022 | | 1,000,000 | | 1,037,410 |
Grand Island Public Schools 5.000% 12/15/2033 Callable @ 100.000 12/15/2024 | | 500,000 | | 583,970 |
Grand Island Public Schools 5.000% 12/15/2039 Callable @ 100.000 12/15/2024 | | 500,000 | | 583,970 |
Gretna Public Schools 5.000% 12/15/2035 Callable @ 100.000 12/15/2025 | | 250,000 | | 303,223 |
Lincoln County Hospital Authority No 1 5.000% 11/01/2023 Callable @ 100.000 11/01/2021 | | 250,000 | | 255,860 |
Lincoln County Hospital Authority No 1 5.000% 11/01/2024 Callable @ 100.000 11/01/2021 | | 250,000 | | 255,975 |
Lincoln County Hospital Authority No 1 5.000% 11/01/2025 Callable @ 100.000 11/01/2021 | | 250,000 | | 255,860 |
Lincoln County Hospital Authority No 1 5.000% 11/01/2032 Callable @ 100.000 11/01/2021 | | 250,000 | | 255,860 |
Scotts Bluff County School District No 32 5.000% 12/01/2031 Callable @ 100.000 12/01/2025 | | 250,000 | | 302,583 |
University of Nebraska 5.000% 05/15/2033 Callable @ 100.000 11/15/2025 | | 250,000 | | 300,393 |
University of Nebraska 5.000% 05/15/2035 Callable @ 100.000 05/15/2025 | | 500,000 | | 590,685 |
University of Nebraska 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 | | 1,500,000 | | 1,782,930 |
University of Nebraska 5.000% 07/01/2038 Callable @ 100.000 07/01/2022 | | 250,000 | | 263,788 |
University of Nebraska 5.000% 07/01/2042 Callable @ 100.000 01/01/2022 | | 1,000,000 | | 1,032,020 |
West Haymarket Joint Public Agency 5.000% 12/15/2042 Callable @ 100.000 12/15/2021 | | 750,000 | | 772,905 |
| | | | | 9,637,460 |
Transportation (3.1%) | | | | |
Omaha Airport Authority 5.000% 12/15/2027 Callable @ 100.000 12/15/2026 | | 500,000 | | 599,390 |
Omaha Airport Authority 5.000% 12/15/2036 Callable @ 100.000 12/15/2026 | | 1,000,000 | | 1,168,030 |
| | | | | 1,767,420 |
Utilities (27.2%) | | | | |
*Central Plains Energy Project 5.000% 09/01/2027 Callable @ 100.000 09/01/2022 | | 2,000,000 | | 2,093,300 |
Central Plains Energy Project 5.000% 09/01/2042 Callable @ 100.000 09/01/2022 | | 500,000 | | 528,745 |
Central Plains Energy Project 5.250% 09/01/2037 Callable @ 100.000 09/01/2022 | | 500,000 | | 532,975 |
City of Columbus NE Combined Revenue 4.000% 12/15/2032 Callable @ 100.000 12/15/2026 | | 100,000 | | 113,870 |
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2033 Callable @ 100.000 06/15/2030 | | 300,000 | | 360,792 |
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2034 Callable @ 100.000 06/15/2030 | | 300,000 | | 359,316 |
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2035 Callable @ 100.000 06/15/2030 | | 300,000 | | 357,951 |
City of Grand Island NE Combined Utility System Revenue 4.000% 08/15/2037 Callable @ 100.000 08/15/2030 | | 300,000 | | 359,019 |
City of Grand Island NE Sewer System Revenue 5.000% 09/15/2026 Callable @ 100.000 09/17/2023 | | 250,000 | | 280,790 |
City of Hastings NE Combined Utility Revenue 4.000% 10/15/2032 Callable @ 100.000 10/15/2022 | | 500,000 | | 521,005 |
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2025 Callable @ 100.000 08/01/2023 | | 275,000 | | 300,154 |
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2027 Callable @ 100.000 08/01/2023 | | 400,000 | | 433,932 |
City of Omaha NE Sewer Revenue 4.000% 04/01/2035 Callable @ 100.000 04/01/2026 | | 250,000 | | 278,953 |
City of Omaha NE Sewer Revenue 4.000% 04/01/2037 Callable @ 100.000 04/01/2030 | | 750,000 | | 900,023 |
City of Omaha NE Sewer Revenue 4.000% 04/01/2038 Callable @ 100.000 04/01/2030 | | 400,000 | | 474,500 |
City of Omaha NE Sewer Revenue 4.000% 04/01/2039 Callable @ 100.000 04/01/2030 | | 250,000 | | 295,205 |
City of Omaha NE Sewer Revenue 5.000% 11/15/2029 Callable @ 100.000 11/15/2024 | | 250,000 | | 285,893 |
City of Omaha NE Sewer Revenue 5.000% 11/15/2030 Callable @ 100.000 11/15/2024 | | 250,000 | | 285,575 |
City of Omaha NE Sewer Revenue 5.000% 11/15/2031 Callable @ 100.000 11/15/2024 | | 500,000 | | 571,525 |
Metropolitan Utilities District of Omaha 4.000% 12/15/2026 Callable @ 100.000 12/15/2022 | | 250,000 | | 265,098 |
Municipal Energy Agency of Nebraska 5.000% 04/01/2030 Callable @ 100.000 04/01/2022 | | 500,000 | | 520,650 |
Municipal Energy Agency of Nebraska 5.000% 04/01/2032 Callable @ 100.000 04/01/2022 | | 100,000 | | 103,894 |
Nebraska Public Power District 5.000% 01/01/2030 Callable @ 100.000 01/01/2022 | | 500,000 | | 515,780 |
*Nebraska Public Power District 5.000% 01/01/2036 Callable @ 100.000 01/01/2026 | | 2,355,000 | | 2,737,240 |
Nebraska Public Power District 5.000% 01/01/2041 Callable @ 100.000 01/01/2026 | | 250,000 | | 289,720 |
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2032 Callable @ 100.000 02/01/2026 | | 400,000 | | 448,332 |
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2035 Callable @ 100.000 02/01/2026 | | 365,000 | | 407,322 |
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2031 Callable @ 100.000 02/01/2026 | | 445,000 | | 527,863 |
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2032 Callable @ 100.000 02/01/2025 | | 250,000 | | 286,585 |
| | | | | 15,436,006 |
| | | | | |
TOTAL MUNICIPAL BONDS (COST: 49,765,922) | | | $ | 52,209,057 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (7.9%) | | | $ | 4,451,234 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 56,660,291 |
| |
| |
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
| | | | | |
OKLAHOMA MUNICIPAL BOND | | | | |
Schedule of Investments April 30, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (92.2%) | | | | |
| | | | | |
Education (7.6%) | | | | |
Oklahoma Development Finance Authority 4.000% 08/01/2030 Callable @ 100.000 08/01/2024 | $ | 280,000 | $ | 305,516 |
Oklahoma Development Finance Authority 4.000% 08/01/2031 Callable @ 100.000 08/01/2024 | | 290,000 | | 315,071 |
Oklahoma Development Finance Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2024 | | 305,000 | | 330,834 |
Oklahoma Development Finance Authority 4.000% 08/01/2033 Callable @ 100.000 08/01/2024 | | 315,000 | | 341,183 |
Oklahoma Development Finance Authority 5.000% 06/01/2029 Callable @ 100.000 06/01/2024 | | 250,000 | | 302,875 |
Oklahoma Development Finance Authority 5.000% 06/01/2034 Callable @ 100.000 06/01/2024 | | 500,000 | | 594,085 |
Oklahoma Development Finance Authority 5.000% 06/01/2039 Callable @ 100.000 06/01/2024 | | 500,000 | | 551,405 |
Oklahoma Development Finance Authority 5.000% 06/01/2039 Callable @ 100.000 06/01/2024 | | 500,000 | | 585,440 |
Oklahoma State University 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 | | 370,000 | | 443,286 |
Oklahoma State University 5.000% 08/01/2032 Callable @ 100.000 08/01/2028 | | 250,000 | | 312,248 |
University of Oklahoma/The 4.000% 07/01/2040 Callable @ 100.000 07/01/2025 | | 650,000 | | 704,269 |
University of Oklahoma/The 5.000% 07/01/2036 Callable @ 100.000 07/01/2025 | | 500,000 | | 565,985 |
University of Oklahoma/The 5.000% 07/01/2038 Callable @ 100.000 07/01/2025 | | 500,000 | | 564,480 |
| | | | | 5,916,675 |
General Obligation (7.6%) | | | | |
City of Bartlesville OK 2.000% 12/01/2028 | | 195,000 | | 209,007 |
City of Broken Arrow OK 2.000% 12/01/2021 | | 500,000 | | 504,915 |
City of Broken Arrow OK 3.125% 12/01/2035 Callable @ 100.000 12/01/2026 | | 575,000 | | 618,056 |
City of Broken Arrow OK 4.000% 12/01/2037 Callable @ 100.000 12/01/2028 | | 605,000 | | 691,896 |
City of Broken Arrow OK 4.000% 12/01/2038 Callable @ 100.000 12/01/2028 | | 610,000 | | 696,230 |
City of Lawton OK 2.000% 12/01/2022 | | 500,000 | | 513,265 |
City of Midwest City OK 3.000% 06/01/2041 Callable @ 100.000 06/01/2029 | | 500,000 | | 530,110 |
#City of Oklahoma City OK 4.000% 03/01/2031 | | 300,000 | | 381,582 |
*City of Oklahoma City OK 4.000% 03/01/2032 Callable @ 100.000 03/01/2027 | | 1,305,000 | | 1,512,860 |
City of Perkins OK 3.000% 06/01/2033 | | 125,000 | | 140,179 |
City of Perkins OK 3.000% 06/01/2034 | | 115,000 | | 129,391 |
| | | | | 5,927,491 |
Health Care (6.6%) | | | | |
Norman Regional Hospital Authority 3.250% 09/01/2039 Callable @ 100.000 09/01/2029 | | 895,000 | | 949,130 |
Norman Regional Hospital Authority 5.000% 09/01/2045 Callable @ 100.000 09/01/2029 | | 200,000 | | 244,080 |
Oklahoma County Finance Authority 4.000% 04/01/2041 Callable @ 100.000 04/01/2031 | | 250,000 | | 294,615 |
Oklahoma County Finance Authority 4.000% 04/01/2046 Callable @ 100.000 04/01/2031 | | 335,000 | | 390,118 |
Oklahoma Development Finance Authority 4.000% 08/15/2038 Callable @ 100.000 08/15/2025 | | 250,000 | | 271,623 |
Oklahoma Development Finance Authority 4.000% 08/15/2048 Callable @ 100.000 08/15/2028 | | 825,000 | | 891,957 |
Oklahoma Development Finance Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 | | 250,000 | | 270,503 |
Oklahoma Development Finance Authority 5.000% 08/15/2025 | | 350,000 | | 406,431 |
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2025 | | 250,000 | | 281,248 |
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2028 | | 345,000 | | 423,111 |
Oklahoma Development Finance Authority 5.000% 08/15/2033 Callable @ 100.000 08/15/2028 | | 175,000 | | 210,863 |
Tulsa County Industrial Authority 3.000% 02/01/2037 Callable @ 100.000 02/01/2029 | | 500,000 | | 526,890 |
| | | | | 5,160,566 |
Housing (1.4%) | | | | |
Oklahoma Housing Finance Agency 3.000% 09/01/2039 Callable @ 100.000 03/01/2028 | | 785,000 | | 818,206 |
Oklahoma Housing Finance Agency 3.200% 03/01/2042 Callable @ 100.000 03/01/2028 | | 270,000 | | 288,517 |
| | | | | 1,106,722 |
| | | | | |
Other Revenue (30.0%) | | | | |
Bryan County School Finance Authority 4.000% 12/01/2028 | | 385,000 | | 464,298 |
Bryan County School Finance Authority 4.000% 12/01/2029 | | 415,000 | | 506,557 |
Bryan County School Finance Authority 4.000% 12/01/2030 Callable @ 100.000 12/01/2029 | | 435,000 | | 529,852 |
Caddo County Governmental Building Authority 5.000% 09/01/2040 Callable @ 100.000 09/01/2028 | | 1,010,000 | | 1,143,977 |
City of Oklahoma City OK 5.000% 03/01/2032 | | 250,000 | | 250,285 |
City of Oklahoma City OK 5.000% 03/01/2033 | | 250,000 | | 250,305 |
City of Oklahoma City OK 5.000% 03/01/2034 | | 500,000 | | 500,640 |
Elk City Industrial Authority 3.000% 05/01/2034 Callable @ 100.000 05/01/2029 | | 1,050,000 | | 1,124,865 |
Elk City Industrial Authority 3.000% 05/01/2039 Callable @ 100.000 05/01/2029 | | 425,000 | | 432,582 |
Garvin County Educational Facilities Authority 4.000% 09/01/2031 | | 665,000 | | 811,267 |
Goldsby Public Works Authority 3.000% 08/01/2021 | | 165,000 | | 165,733 |
Grady County School Finance Authority 5.000% 09/01/2032 Callable @ 100.000 09/01/2028 | | 370,000 | | 457,993 |
Kingfisher County Educational Facilities Authority 3.000% 03/01/2033 Callable @ 100.000 03/01/2029 | | 250,000 | | 271,513 |
Kingfisher County Educational Facilities Authority 3.000% 03/01/2035 Callable @ 100.000 03/01/2031 | | 570,000 | | 645,673 |
Kingfisher County Educational Facilities Authority 3.000% 03/01/2036 Callable @ 100.000 03/01/2031 | | 400,000 | | 444,480 |
Leflore County Public Facility Authority 3.000% 12/01/2032 Callable @ 100.000 12/01/2029 | | 500,000 | | 539,190 |
Mannford Public Works Authority 3.000% 01/01/2031 Callable @ 100.000 01/01/2029 | | 500,000 | | 531,095 |
Marshall County Educational Facilities Authority 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 | | 500,000 | | 594,915 |
Muskogee Industrial Trust 5.000% 09/01/2026 | | 400,000 | | 481,380 |
Oklahoma Capitol Improvement Authority 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | | 940,000 | | 1,001,570 |
Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2029 | | 500,000 | | 570,090 |
Oklahoma Capitol Improvement Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2029 | | 530,000 | | 673,195 |
Oklahoma City Public Property Authority 5.000% 10/01/2027 Callable @ 100.000 10/01/2025 | | 350,000 | | 410,298 |
Oklahoma City Public Property Authority 5.000% 10/01/2028 Callable @ 100.000 10/01/2025 | | 400,000 | | 466,600 |
Oklahoma City Public Property Authority 5.000% 10/01/2029 Callable @ 100.000 10/01/2025 | | 625,000 | | 723,069 |
Oklahoma City Public Property Authority 5.000% 10/01/2036 Callable @ 100.000 10/01/2025 | | 230,000 | | 262,276 |
Oklahoma City Public Property Authority 5.000% 10/01/2039 Callable @ 100.000 10/01/2025 | | 835,000 | | 943,583 |
Oklahoma County Finance Authority 4.000% 09/01/2033 Callable @ 100.000 09/01/2030 | | 250,000 | | 292,768 |
Oklahoma Development Finance Authority 3.000% 06/01/2029 | | 195,000 | | 217,846 |
Oklahoma Development Finance Authority 3.000% 06/01/2030 | | 180,000 | | 200,972 |
Oklahoma Development Finance Authority 4.000% 06/01/2032 Callable @ 100.000 06/01/2030 | | 140,000 | | 168,787 |
#Oklahoma Development Finance Authority 4.000% 06/01/2032 Callable @ 100.000 06/01/2031 | | 340,000 | | 420,954 |
Oklahoma Development Finance Authority 4.000% 06/01/2033 Callable @ 100.000 06/01/2030 | | 145,000 | | 174,012 |
Oklahoma Development Finance Authority 4.000% 06/01/2034 Callable @ 100.000 06/01/2030 | | 150,000 | | 179,289 |
#Oklahoma Development Finance Authority 4.000% 06/01/2034 Callable @ 100.000 06/01/2031 | | 365,000 | | 446,508 |
Oklahoma Development Finance Authority 4.000% 06/01/2035 Callable @ 100.000 06/01/2030 | | 155,000 | | 184,701 |
#Oklahoma Development Finance Authority 4.000% 06/01/2035 Callable @ 100.000 06/01/2031 | | 205,000 | | 249,942 |
Oklahoma Development Finance Authority 4.000% 06/01/2038 Callable @ 100.000 06/01/2029 | | 725,000 | | 834,888 |
Oklahoma Development Finance Authority 4.000% 06/01/2040 Callable @ 100.000 06/01/2030 | | 250,000 | | 296,520 |
Okmulgee County Governmental Building Authority 4.250% 12/01/2035 Callable @ 100.000 12/01/2023 | | 500,000 | | 532,860 |
Ottawa County Educational Facilities Authority 4.000% 09/01/2022 | | 990,000 | | 1,037,441 |
Pottawatomie County Facilities Authority 3.000% 09/01/2036 Callable @ 100.000 09/01/2030 | | 500,000 | | 555,730 |
Sand Springs Municipal Authority 4.000% 01/01/2036 Callable @ 100.000 01/01/2023 | | 500,000 | | 522,500 |
Sand Springs Municipal Authority 4.250% 01/01/2035 Callable @ 100.000 01/01/2023 | | 250,000 | | 262,475 |
Tahlequah Public Facilities Authority 4.000% 04/01/2023 | | 550,000 | | 588,973 |
Tulsa County Industrial Authority 4.000% 12/01/2030 Callable @ 100.000 12/01/2026 | | 250,000 | | 289,600 |
Tulsa Public Facilities Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2025 | | 200,000 | | 212,368 |
Wagoner County School Development Authority 4.000% 09/01/2027 | | 500,000 | | 585,710 |
| | | | | 23,452,124 |
| | | | | |
Pre-Refunded (6.1%) | | | | |
City of Broken Arrow OK 4.125% 08/01/2031 Callable @ 100.000 08/01/2021 | | 180,000 | | 181,969 |
Oklahoma Capitol Improvement Authority 4.000% 07/01/2043 Callable @ 100.000 07/01/2026 | | 500,000 | | 583,290 |
Oklahoma Capitol Improvement Authority 4.000% 10/01/2024 Callable @ 100.000 10/01/2021 | | 800,000 | | 813,968 |
Oklahoma Capitol Improvement Authority 4.000% 10/01/2025 Callable @ 100.000 10/01/2021 | | 1,000,000 | | 1,017,460 |
Oklahoma City Water Utilities Trust 5.000% 07/01/2031 Callable @ 100.000 07/01/2021 | | 250,000 | | 252,063 |
Oklahoma Development Finance Authority 5.000% 02/15/2042 Callable @ 100.000 02/15/2022 | | 250,000 | | 259,445 |
*Oklahoma Municipal Power Authority 5.750% 01/01/2024 | | 370,000 | | 418,481 |
Oklahoma Water Resources Board 4.000% 04/01/2025 Callable @ 100.000 04/01/2022 | | 150,000 | | 155,531 |
Sapulpa Municipal Authority 5.000% 04/01/2028 Callable @ 100.000 04/01/2023 | | 750,000 | | 813,053 |
University of Oklahoma/The 5.000% 07/01/2037 Callable @ 100.000 07/01/2021 | | 290,000 | | 292,346 |
| | | | | 4,787,605 |
| | | | | |
Transportation (9.5%) | | | | |
Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2030 | | 2,000,000 | | 2,324,140 |
Oklahoma Turnpike Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2027 | | 100,000 | | 114,317 |
Oklahoma Turnpike Authority 4.000% 01/01/2042 Callable @ 100.000 01/01/2027 | | 1,000,000 | | 1,139,060 |
*Tulsa Airports Improvement Trust 4.000% 06/01/2035 Callable @ 100.000 06/01/2028 | | 1,355,000 | | 1,506,354 |
Tulsa Airports Improvement Trust 4.000% 06/01/2036 Callable @ 100.000 06/01/2028 | | 145,000 | | 161,188 |
Tulsa Airports Improvement Trust 5.000% 06/01/2023 Callable @ 100.000 06/01/2021 | | 420,000 | | 421,802 |
Tulsa Airports Improvement Trust 5.000% 06/01/2024 Callable @ 100.000 06/01/2021 | | 230,000 | | 230,968 |
Tulsa Airports Improvement Trust 5.000% 06/01/2027 | | 300,000 | | 364,920 |
Tulsa Airports Improvement Trust 5.250% 06/01/2025 Callable @ 100.000 06/01/2021 | | 245,000 | | 246,066 |
Tulsa Airports Improvement Trust 5.250% 06/01/2026 Callable @ 100.000 06/01/2021 | | 360,000 | | 361,512 |
Tulsa Parking Authority 4.000% 07/01/2025 Callable @ 100.000 07/01/2021 | | 500,000 | | 503,095 |
| | | | | 7,373,421 |
Utilities (23.4%) | | | | |
Clinton Public Works Authority 4.000% 12/01/2034 Callable @ 100.000 12/01/2024 | | 750,000 | | 807,608 |
Clinton Public Works Authority 4.000% 12/01/2039 Callable @ 100.000 12/01/2024 | | 500,000 | | 537,425 |
Coweta Public Works Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2026 | | 1,000,000 | | 1,138,550 |
Edmond Public Works Authority 4.000% 07/01/2047 Callable @ 100.000 07/01/2027 | | 1,000,000 | | 1,144,130 |
Edmond Public Works Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2027 | | 500,000 | | 612,760 |
Jenks Public Works Authority 3.000% 08/01/2029 Callable @ 100.000 08/01/2024 | | 325,000 | | 343,122 |
Miami Special Utility Authority 4.000% 12/01/2036 Callable @ 100.000 12/01/2026 | | 500,000 | | 566,925 |
Oklahoma City Water Utilities Trust 4.000% 07/01/2039 Callable @ 100.000 07/01/2025 | | 175,000 | | 190,787 |
Oklahoma City Water Utilities Trust 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 | | 100,000 | | 115,642 |
Oklahoma Water Resources Board 4.000% 04/01/2033 Callable @ 100.000 04/01/2030 | | 500,000 | | 613,930 |
Oklahoma Water Resources Board 4.000% 10/01/2038 Callable @ 100.000 10/01/2028 | | 325,000 | | 382,174 |
Oklahoma Water Resources Board 4.000% 10/01/2043 Callable @ 100.000 10/01/2028 | | 830,000 | | 965,514 |
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 | | 955,000 | | 1,153,344 |
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 | | 465,000 | | 559,325 |
Oklahoma Water Resources Board 4.000% 10/01/2048 Callable @ 100.000 10/01/2028 | | 1,460,000 | | 1,670,766 |
Oklahoma Water Resources Board 4.000% 10/01/2050 Callable @ 100.000 10/01/2030 | | 515,000 | | 615,013 |
Oklahoma Water Resources Board 5.000% 04/01/2032 Callable @ 100.000 04/01/2022 | | 140,000 | | 145,634 |
Oklahoma Water Resources Board 5.000% 10/01/2029 Callable @ 100.000 10/01/2024 | | 250,000 | | 284,783 |
Oklahoma Water Resources Board 5.000% 10/01/2033 Callable @ 100.000 10/01/2024 | | 500,000 | | 567,560 |
Sand Springs Municipal Authority Water Sewer Utility & 1% Sales Tax Revenue 3.000% 11/01/2038 Callable @ 100.000 11/01/2028 | | 980,000 | | 1,055,039 |
*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 | | 1,609,965 |
*Washington County Rural Water District No 3 3.000% 09/15/2041 Callable @ 100.000 03/01/2028 | | 3,000,000 | | 3,194,760 |
| | | | | 18,274,754 |
| | | | | |
TOTAL MUNICIPAL BONDS (COST: $68,979,594) | | | $ | 71,999,359 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (7.8%) | | | $ | 6,091,096 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 78,090,455 |
| | | | | |
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | | | | |
#When-issued purchase as of April 30, 2021. | | | | |
| | | | | |
VIKING TAX-FREE FUND FOR MONTANA | | | | |
Schedule of Investments April 30, 2021 (unaudited) | | | | |
| | | Principal | | Fair |
| | | Amount | | Value |
MUNICIPAL BONDS (89.8%) | | | | |
| | | | | |
Education (1.4%) | | | | |
Montana State Board of Regents 4.000% 11/15/2025 Callable @ 100.000 11/15/2022 | $ | 500,000 | $ | 530,190 |
Montana State Board of Regents 5.000% 11/15/2025 Callable @ 100.000 11/15/2023 | | 500,000 | | 561,080 |
Montana State Board of Regents 5.000% 11/15/2030 Callable @ 100.000 11/15/2023 | | 240,000 | | 262,080 |
| | | | | 1,353,350 |
General Obligation (44.6%) | | | | |
Broadwater County K 12 School District No 1 Townsend 3.000% 07/01/2038 Callable @ 100.000 07/01/2030 | | 475,000 | | 516,819 |
Broadwater County K 12 School District No 1 Townsend 3.000% 07/01/2039 Callable @ 100.000 07/01/2030 | | 410,000 | | 444,661 |
Carbon County High School District No 1 Red Lodge 3.000% 07/01/2039 Callable @ 100.000 01/01/2031 | | 475,000 | | 525,070 |
Carbon County High School District No 1 Red Lodge 3.000% 07/01/2041 Callable @ 100.000 01/01/2031 | | 255,000 | | 280,217 |
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2037 Callable @ 100.000 01/01/2031 | | 580,000 | | 648,782 |
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2038 Callable @ 100.000 01/01/2031 | | 600,000 | | 669,450 |
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2039 Callable @ 100.000 01/01/2031 | | 620,000 | | 689,428 |
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2040 Callable @ 100.000 01/01/2031 | | 535,000 | | 592,898 |
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2041 Callable @ 100.000 01/01/2031 | | 500,000 | | 552,705 |
Cascade County Elementary School District No 1 Great Falls 4.000% 07/01/2031 Callable @ 100.000 07/01/2027 | | 700,000 | | 814,086 |
City & County of Butte Silver Bow MT 4.000% 07/01/2030 Callable @ 100.000 07/01/2026 | | 225,000 | | 256,340 |
City & County of Butte Silver Bow MT 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | | 240,000 | | 271,692 |
City & County of Butte Silver Bow MT 4.500% 07/01/2034 Callable @ 100.000 07/01/2026 | | 850,000 | | 985,618 |
City of Bozeman MT 4.000% 07/01/2028 Callable @ 100.000 01/01/2024 | | 540,000 | | 592,672 |
City of Bozeman MT 4.000% 07/01/2034 Callable @ 100.000 07/01/2029 | | 500,000 | | 591,610 |
City of Fort Benton MT 3.000% 07/01/2035 Callable @ 100.000 07/01/2030 | | 715,000 | | 794,451 |
City of Fort Benton MT 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | | 770,000 | | 838,468 |
City of Missoula MT 4.000% 07/01/2031 Callable @ 100.000 07/01/2025 | | 250,000 | | 280,313 |
County of Ravalli MT 4.250% 07/01/2030 Callable @ 100.000 07/01/2024 | | 755,000 | | 829,277 |
Desmet School District No 20 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | | 320,000 | | 349,862 |
DeSmet School District No 20 3.000% 07/01/2041 Callable @ 100.000 07/01/2031 | | 200,000 | | 223,852 |
Flathead County High School District No 5 Kalispell 5.000% 07/01/2039 Callable @ 100.000 07/01/2028 | | 455,000 | | 569,287 |
Flathead County School District No 6 Columbia Falls 4.000% 07/01/2039 Callable @ 100.000 07/01/2030 | | 1,000,000 | | 1,180,840 |
Gallatin County High School District No 7 Bozeman 3.000% 06/01/2035 Callable @ 100.000 06/01/2027 | | 300,000 | | 320,958 |
Gallatin County High School District No 7 Bozeman 3.000% 12/01/2034 Callable @ 100.000 06/01/2027 | | 500,000 | | 538,050 |
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 | | 717,209 |
Gallatin County School District No 27 Monforton 4.250% 06/15/2026 Callable @ 100.000 06/15/2023 | | 415,000 | | 449,499 |
Gallatin County School District No 3 Manhattan 4.000% 07/01/2034 Callable @ 100.000 07/01/2026 | | 465,000 | | 524,334 |
Gallatin County School District No 44 Belgrade 3.500% 06/15/2028 Callable @ 100.000 06/15/2021 | | 575,000 | | 577,444 |
Gallatin County School District No 44 Belgrade 4.000% 06/01/2031 Callable @ 100.000 06/01/2029 | | 265,000 | | 317,754 |
Gallatin County School District No 44 Belgrade 4.000% 06/01/2036 Callable @ 100.000 06/01/2029 | | 345,000 | | 406,893 |
Gallatin County School District No 7 Bozeman 4.000% 12/01/2032 Callable @ 100.000 06/01/2026 | | 610,000 | | 688,123 |
Gallatin County School District No 7 Bozeman 4.000% 12/01/2033 Callable @ 100.000 06/01/2026 | | 260,000 | | 292,560 |
Gallatin County School District No 72 Ophir 4.000% 07/01/2034 Callable @ 100.000 07/01/2030 | | 310,000 | | 372,623 |
Gallatin County School District No 72 Ophir 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | | 535,000 | | 640,727 |
Gallatin County School District No 72 Ophir 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 | | 565,000 | | 677,718 |
Gallatin County School District No 72 Ophir 4.000% 07/01/2037 Callable @ 100.000 07/01/2030 | | 800,000 | | 952,848 |
Hellgate School District No 4 5.000% 06/15/2028 Callable @ 100.000 06/15/2027 | | 500,000 | | 628,465 |
Hellgate School District No 4 5.000% 06/15/2029 Callable @ 100.000 06/15/2027 | | 500,000 | | 622,820 |
Hellgate School District No 4 5.000% 06/15/2030 Callable @ 100.000 06/15/2027 | | 500,000 | | 618,195 |
*Missoula County Elementary School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | | 500,000 | | 564,155 |
Missoula County Elementary School District No 1 4.000% 07/01/2033 Callable @ 100.000 07/01/2026 | | 750,000 | | 849,503 |
Missoula County School District No 7 Lolo 3.000% 07/01/2045 Callable @ 100.000 07/01/2031 | | 470,000 | | 503,567 |
Missoula County School District No 7 Lolo 3.000% 07/01/2046 Callable @ 100.000 07/01/2031 | | 480,000 | | 512,928 |
Missoula County School District No 7 Lolo 3.000% 07/01/2047 Callable @ 100.000 07/01/2031 | | 510,000 | | 544,027 |
Missoula County School District No 7 Lolo 3.000% 07/01/2048 Callable @ 100.000 07/01/2031 | | 540,000 | | 574,004 |
Missoula High School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | | 275,000 | | 312,345 |
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | | 250,000 | | 292,085 |
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | | 250,000 | | 291,260 |
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 | | 250,000 | | 290,640 |
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | | 965,000 | | 1,120,288 |
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | | 355,000 | | 410,962 |
*Silver Bow County School District No 1 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | | 1,960,000 | | 2,275,403 |
State of Montana 4.000% 08/01/2023 | | 385,000 | | 420,905 |
State of Montana 4.000% 08/01/2026 Callable @ 100.000 08/01/2024 | | 855,000 | | 959,233 |
State of Montana 4.000% 08/01/2027 Callable @ 100.000 08/01/2024 | | 480,000 | | 535,906 |
State of Montana 5.000% 08/01/2030 | | 500,000 | | 678,550 |
Stillwater County Elementary School District No 6 Columbus 5.000% 07/01/2039 Callable @ 100.000 07/01/2029 | | 300,000 | | 378,684 |
Stillwater County High School District No 6 Columbus 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 | | 530,000 | | 632,105 |
Stillwater County High School District No 6 Columbus 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | | 275,000 | | 325,886 |
Valley County K 12 School District No 1 A Glasgow/MT 4.250% 07/01/2031 Callable @ 100.000 07/01/2023 | | 450,000 | | 484,565 |
Wibaux County School District No 6 Wibaux 3.000% 07/01/2029 Callable @ 100.000 07/01/2025 | | 355,000 | | 379,307 |
Yellowstone County High School District No 7 Laurel 3.000% 07/01/2025 | | 225,000 | | 246,530 |
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2037 Callable @ 100.000 07/01/2028 | | 1,000,000 | | 1,240,360 |
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2038 Callable @ 100.000 07/01/2028 | | 1,500,000 | | 1,833,120 |
Yellowstone County School District No 2 Billings 3.000% 06/15/2032 Callable @ 100.000 12/15/2027 | | 630,000 | | 687,922 |
Yellowstone County School District No 2 Billings 3.000% 06/15/2034 Callable @ 100.000 12/15/2027 | | 315,000 | | 341,041 |
Yellowstone County School District No 2 Billings 3.000% 06/15/2035 Callable @ 100.000 12/15/2027 | | 430,000 | | 460,831 |
Yellowstone County School District No 2 Billings 5.000% 06/15/2024 | | 500,000 | | 578,380 |
Yellowstone County School District No 8 Elder Grove 4.000% 07/01/2037 Callable @ 100.000 07/01/2028 | | 875,000 | | 1,004,754 |
| | | | | 42,573,860 |
Health Care (15.6%) | | | | |
County of Yellowstone MT 4.000% 10/01/2029 Callable @ 100.000 10/01/2024 | | 710,000 | | 785,927 |
Montana Facility Finance Authority 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | | 2,000,000 | | 2,170,820 |
Montana Facility Finance Authority 4.000% 01/01/2037 Callable @ 100.000 01/01/2030 | | 200,000 | | 237,934 |
Montana Facility Finance Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2030 | | 1,000,000 | | 1,177,000 |
*Montana Facility Finance Authority 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | | 1,075,000 | | 1,222,727 |
Montana Facility Finance Authority 4.500% 07/01/2023 | | 1,025,000 | | 1,025,830 |
*Montana Facility Finance Authority 4.650% 07/01/2024 | | 1,365,000 | | 1,366,037 |
Montana Facility Finance Authority 4.750% 07/01/2025 | | 380,000 | | 380,236 |
Montana Facility Finance Authority 5.000% 06/01/2028 Callable @ 100.000 12/01/2024 | | 1,015,000 | | 1,140,038 |
Montana Facility Finance Authority 5.000% 06/01/2029 Callable @ 100.000 06/01/2025 | | 915,000 | | 1,036,064 |
Montana Facility Finance Authority 5.000% 06/01/2035 Callable @ 100.000 06/01/2028 | | 425,000 | | 516,243 |
Montana Facility Finance Authority 5.000% 06/01/2036 Callable @ 100.000 06/01/2028 | | 700,000 | | 847,175 |
Montana Facility Finance Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 | | 1,000,000 | | 1,217,680 |
Montana Facility Finance Authority 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | | 1,000,000 | | 1,208,690 |
Montana Facility Finance Authority 5.000% 08/15/2048 Callable @ 100.000 08/15/2028 | | 500,000 | | 606,470 |
| | | | | 14,938,871 |
Housing (7.1%) | | | | |
Montana Board of Housing 2.250% 12/01/2040 Callable @ 100.000 12/01/2029 | | 500,000 | | 503,395 |
Montana Board of Housing 2.800% 12/01/2039 Callable @ 100.000 06/01/2029 | | 895,000 | | 928,554 |
Montana Board of Housing 3.000% 12/01/2023 Callable @ 100.000 12/01/2022 | | 70,000 | | 71,455 |
Montana Board of Housing 3.000% 12/01/2045 Callable @ 100.000 06/01/2029 | | 500,000 | | 515,385 |
Montana Board of Housing 3.100% 06/01/2021 | | 260,000 | | 260,369 |
Montana Board of Housing 3.150% 06/01/2024 Callable @ 100.000 12/01/2022 | | 270,000 | | 278,132 |
Montana Board of Housing 3.150% 12/01/2024 Callable @ 100.000 12/01/2022 | | 95,000 | | 97,452 |
Montana Board of Housing 3.250% 12/01/2044 Callable @ 100.000 12/01/2028 | | 1,500,000 | | 1,576,800 |
Montana Board of Housing 3.350% 06/01/2025 Callable @ 100.000 12/01/2022 | | 125,000 | | 127,826 |
Montana Board of Housing 3.400% 12/01/2033 Callable @ 100.000 12/01/2027 | | 460,000 | | 504,077 |
Montana Board of Housing 3.800% 12/01/2038 Callable @ 100.000 06/01/2028 | | 990,000 | | 1,088,238 |
Montana Board of Housing 3.875% 12/01/2023 Callable @ 100.000 06/01/2023 | | 130,000 | | 135,699 |
Montana Board of Housing 4.050% 06/01/2024 Callable @ 100.000 06/01/2023 | | 115,000 | | 122,380 |
Montana Board of Housing 4.050% 12/01/2024 Callable @ 100.000 06/01/2023 | | 330,000 | | 347,800 |
Montana Board of Housing 4.650% 12/01/2028 Callable @ 100.000 06/01/2023 | | 185,000 | | 194,785 |
| | | | | 6,752,347 |
Other Revenue (8.8%) | | | | |
City & County of Butte Silver Bow MT 5.000% 07/01/2021 | | 210,000 | | 211,058 |
City of Billings MT 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 | | 405,000 | | 462,093 |
City of Billings MT 4.375% 07/01/2029 Callable @ 100.000 01/01/2023 | | 490,000 | | 500,334 |
City of Billings MT 4.800% 07/01/2022 | | 25,000 | | 25,005 |
City of Billings MT 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 | | 710,000 | | 805,616 |
*City of Billings MT 5.000% 07/01/2033 Callable @ 100.000 01/01/2023 | | 900,000 | | 929,286 |
City of Billings MT 5.500% 07/01/2026 Callable @ 100.000 07/01/2021 | | 205,000 | | 205,726 |
City of Great Falls MT 3.000% 07/01/2035 Callable @ 100.000 07/01/2030 | | 1,005,000 | | 1,023,030 |
City of Kalispell MT 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | | 500,000 | | 625,265 |
City of Livingston MT 4.000% 07/01/2034 Callable @ 100.000 01/01/2029 | | 525,000 | | 597,828 |
City of Missoula MT 4.750% 07/01/2027 | | 105,000 | | 105,056 |
City of Missoula MT 5.125% 07/01/2026 | | 125,000 | | 125,031 |
City of Missoula MT 6.000% 07/01/2030 | | 200,000 | | 200,054 |
Gallatin County Rural Improvement District 5.500% 07/01/2025 | | 400,000 | | 400,332 |
*Gallatin County Rural Improvement District 6.000% 07/01/2030 | | 1,000,000 | | 1,000,390 |
Madison County Rural Improvement District 5.500% 07/01/2025 | | 185,000 | | 185,150 |
*Madison County Rural Improvement District 6.000% 07/01/2030 | | 1,000,000 | | 1,000,370 |
| | | | | 8,401,623 |
Pre-Refunded (6.5%) | | | | |
*Montana State Board of Regents 4.000% 05/15/2025 Callable @ 100.000 05/15/2022 | | 2,000,000 | | 2,082,460 |
Montana State Board of Regents 4.000% 05/15/2026 Callable @ 100.000 05/15/2022 | | 1,145,000 | | 1,192,208 |
Montana State Board of Regents 5.000% 11/15/2023 Callable @ 100.000 11/15/2021 | | 250,000 | | 256,758 |
Yellowstone County School District No 2 Billings 5.000% 06/15/2026 Callable @ 100.000 06/15/2024 | | 515,000 | | 590,664 |
Yellowstone County School District No 2 Billings 5.000% 06/15/2027 Callable @ 100.000 06/15/2024 | | 1,000,000 | | 1,143,210 |
Yellowstone County School District No 2 Billings 5.000% 06/15/2031 Callable @ 100.000 06/15/2025 | | 350,000 | | 407,589 |
Yellowstone County School District No 2 Billings 5.000% 06/15/2032 Callable @ 100.000 06/15/2025 | | 435,000 | | 505,044 |
| | | | | 6,177,932 |
Transportation (1.6%) | | | | |
Missoula Parking Commission 4.000% 10/01/2026 Callable @ 100.000 04/01/2024 | | 835,000 | | 916,496 |
Missoula Special Improvement Districts/MT 4.600% 07/01/2024 | | 100,000 | | 100,100 |
Missoula Special Improvement Districts/MT 4.600% 07/01/2025 | | 105,000 | | 105,092 |
Missoula Special Improvement Districts/MT 5.400% 07/01/2029 | | 370,000 | | 370,137 |
| | | | | 1,491,825 |
Utilities (4.2%) | | | | |
City of Billings MT 5.000% 07/01/2031 Callable @ 100.000 07/01/2027 | | 260,000 | | 322,213 |
City of Billings MT Solid Waste System Revenue 3.500% 07/01/2039 Callable @ 100.000 07/01/2027 | | 1,510,000 | | 1,653,979 |
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2025 Callable @ 100.000 07/01/2023 | | 215,000 | | 233,157 |
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2026 Callable @ 100.000 07/01/2023 | | 225,000 | | 243,088 |
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2028 Callable @ 100.000 07/01/2025 | | 250,000 | | 284,758 |
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2029 Callable @ 100.000 07/01/2025 | | 250,000 | | 281,675 |
City of Dillon MT Water & Sewer System Revenue 4.000% 07/01/2033 Callable @ 100.000 07/01/2025 | | 250,000 | | 280,385 |
City of Missoula MT Water System Revenue 4.000% 07/01/2037 Callable @ 100.000 07/01/2028 | | 600,000 | | 711,144 |
| | | | | 4,010,397 |
| | | | | |
TOTAL MUNICPAL BONDS (COST: $81,506,631) | | | $ | 85,700,206 |
| | | | | |
OTHER ASSETS LESS LIABILITIES (10.2%) | | | $ | 9,749,480 |
| | | | | |
NET ASSETS (100.0%) | | | $ | 95,449,686 |
| |
*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 April 30, 2021 (unaudited) | | | | |
| | Principal | | Fair |
| | Amount | | Value |
MUNICIPAL BONDS (87.6%) | | | | |
| | | | |
Education (9.1%) | | | | |
State Board of Higher Education of the State of North Dakota 3.125% 07/01/2037 Callable @ 100.000 07/01/2029 | $ | 200,000 | $ | 197,944 |
State Board of Higher Education of the State of North Dakota 3.200% 07/01/2039 Callable @ 100.000 07/01/2029 | | 200,000 | | 197,634 |
State Board of Higher Education of the State of North Dakota 3.250% 04/01/2037 Callable @ 100.000 04/01/2027 | | 250,000 | | 264,550 |
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2025 Callable @ 100.000 04/01/2024 | | 415,000 | | 462,165 |
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2028 Callable @ 100.000 04/01/2024 | | 365,000 | | 393,908 |
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2033 Callable @ 100.000 04/01/2025 | | 500,000 | | 546,070 |
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2044 Callable @ 100.000 04/01/2029 | | 500,000 | | 573,785 |
University of North Dakota 5.000% 04/01/2024 Callable @ 100.000 04/01/2022 | | 250,000 | | 261,253 |
| | | | | 2,897,308 |
General Obligation (20.2%) | | | | |
City of Fargo ND 4.000% 05/01/2023 Callable @ 100.000 05/01/2021 | | 300,000 | | 300,036 |
City of Grand Forks ND 4.000% 12/01/2039 Callable @ 100.000 12/01/2028 | | 470,000 | | 540,368 |
City of Grand Forks ND 4.500% 05/01/2032 Callable @ 100.000 05/01/2025 | | 240,000 | | 264,917 |
City of Horace ND 3.000% 05/01/2037 Callable @ 100.000 05/01/2026 | | 500,000 | | 525,885 |
City of Horace ND 4.250% 05/01/2035 Callable @ 100.000 05/01/2023 | | 340,000 | | 355,011 |
City of Minot ND Airport Revenue 3.500% 10/01/2025 Callable @ 100.000 10/01/2022 | | 570,000 | | 594,037 |
City of Minot ND Airport Revenue 4.000% 10/01/2028 Callable @ 100.000 10/01/2022 | | 355,000 | | 369,985 |
City of West Fargo ND 2.000% 05/01/2037 Callable @ 100.000 05/01/2026 | | 500,000 | | 502,375 |
City of West Fargo ND 2.250% 05/01/2040 Callable @ 100.000 05/01/2026 | | 500,000 | | 504,015 |
City of Williston ND 4.000% 05/01/2035 Callable @ 100.000 05/01/2023 | | 200,000 | | 208,778 |
City of Williston ND 4.000% 05/01/2038 Callable @ 100.000 05/01/2023 | | 230,000 | | 239,492 |
Dickinson Public School District No 1 4.000% 08/01/2034 Callable @ 100.000 08/01/2025 | | 400,000 | | 441,344 |
Mandan Public School District No 1 3.125% 08/01/2024 Callable @ 100.000 08/01/2022 | | 200,000 | | 207,880 |
Nesson Public School District No 2 4.000% 08/01/2039 Callable @ 100.000 08/01/2027 | | 500,000 | | 559,110 |
Thompson Public School District No 61 1.550% 08/01/2038 Callable @ 100.000 08/01/2028 | | 275,000 | | 266,032 |
West Fargo Public School District No 6 3.000% 08/01/2036 Callable @ 100.000 08/01/2028 | | 500,000 | | 555,620 |
| | | | | 6,434,885 |
Health Care (15.2%) | | | | |
City of Grand Forks ND 4.000% 12/01/2027 Callable @ 100.000 12/01/2021 | | 400,000 | | 405,368 |
City of Grand Forks ND 5.000% 12/01/2022 Callable @ 100.000 12/01/2021 | | 500,000 | | 514,205 |
City of Grand Forks ND 5.000% 12/01/2032 Callable @ 100.000 12/01/2021 | | 250,000 | | 254,865 |
City of Grand Forks ND 5.125% 12/01/2025 | | 250,000 | | 273,348 |
City of Langdon ND 6.200% 01/01/2025 | | 130,000 | | 130,108 |
County of Burleigh ND 3.500% 11/01/2028 Callable @ 101.000 11/01/2025 | | 215,000 | | 221,237 |
County of Burleigh ND 4.000% 11/01/2032 Callable @ 101.000 11/01/2025 | | 250,000 | | 256,523 |
County of Cass ND 4.125% 02/15/2037 Callable @ 100.000 02/15/2028 | | 595,000 | | 673,629 |
*County of Cass ND 4.250% 02/15/2043 Callable @ 100.000 02/15/2028 | | 1,290,000 | | 1,447,832 |
County of Cass ND 5.000% 02/15/2033 Callable @ 100.000 02/15/2028 | | 445,000 | | 539,892 |
County of Ward ND 5.000% 06/01/2053 Callable @ 100.000 06/01/2028 | | 100,000 | | 113,293 |
| | | | | 4,830,299 |
Housing (8.4%) | | | | |
North Dakota Housing Finance Agency 2.950% 07/01/2039 Callable @ 100.000 01/01/2029 | | 250,000 | | 263,913 |
North Dakota Housing Finance Agency 3.000% 07/01/2040 Callable @ 100.000 07/01/2029 | | 315,000 | | 330,246 |
North Dakota Housing Finance Agency 3.050% 07/01/2021 | | 135,000 | | 135,207 |
North Dakota Housing Finance Agency 3.050% 07/01/2043 Callable @ 100.000 01/01/2029 | | 250,000 | | 259,983 |
North Dakota Housing Finance Agency 3.500% 07/01/2035 Callable @ 100.000 07/01/2028 | | 235,000 | | 256,752 |
North Dakota Housing Finance Agency 3.550% 07/01/2033 Callable @ 100.000 07/01/2027 | | 185,000 | | 200,941 |
*North Dakota Housing Finance Agency 3.550% 07/01/2040 Callable @ 100.000 07/01/2026 | | 680,000 | | 723,058 |
North Dakota Housing Finance Agency 3.750% 07/01/2038 | | 470,000 | | 499,356 |
| | | | | 2,669,454 |
Other Revenue (22.6%) | | | | |
City of Grand Forks ND 5.000% 12/15/2028 Callable @ 100.000 12/15/2025 | | 250,000 | | 297,830 |
*City of Mandan ND 3.250% 09/01/2041 Callable @ 100.000 09/01/2024 | | 1,250,000 | | 1,289,788 |
*City of Mandan ND 4.000% 09/01/2034 Callable @ 100.000 09/01/2024 | | 500,000 | | 539,500 |
City of Minot ND 2.000% 10/01/2042 Callable @ 100.000 10/01/2028 | | 595,000 | | 577,483 |
County of Barnes ND 4.000% 05/01/2032 Callable @ 100.000 05/01/2025 | | 250,000 | | 274,090 |
County of Barnes ND 4.000% 05/01/2040 Callable @ 100.000 05/01/2025 | | 500,000 | | 540,685 |
Jamestown Park District/ND 3.000% 07/01/2035 Callable @ 100.000 07/01/2024 | | 500,000 | | 517,040 |
Jamestown Park District/ND 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 | | 500,000 | | 537,680 |
Jamestown Park District/ND 4.000% 07/01/2033 Callable @ 100.000 07/01/2024 | | 345,000 | | 370,299 |
Minot Park District 3.000% 12/01/2028 Callable @ 100.000 12/01/2023 | | 250,000 | | 261,058 |
Minot Park District 3.750% 12/01/2038 Callable @ 100.000 12/01/2025 | | 435,000 | | 469,317 |
North Dakota Public Finance Authority 4.000% 06/01/2028 Callable @ 100.000 06/01/2024 | | 265,000 | | 289,915 |
North Dakota Public Finance Authority 4.000% 06/01/2030 Callable @ 100.000 06/01/2023 | | 400,000 | | 424,572 |
North Dakota Public Finance Authority 4.500% 06/01/2026 Callable @ 100.000 06/01/2021 | | 400,000 | | 401,520 |
North Dakota Public Finance Authority 5.000% 06/01/2028 Callable @ 100.000 06/01/2025 | | 130,000 | | 152,399 |
North Dakota Public Finance Authority 5.000% 06/01/2031 | | 240,000 | | 240,060 |
| | | | | 7,183,236 |
Pre-Refunded (7.0%) | | | | |
City of Fargo ND 6.000% 11/01/2028 Callable @ 100.000 11/01/2021 | | 500,000 | | 513,895 |
County of Burleigh ND 4.500% 07/01/2032 Callable @ 100.000 07/01/2022 | | 250,000 | | 262,783 |
County of Burleigh ND 5.000% 07/01/2022 | | 300,000 | | 318,078 |
County of Burleigh ND 5.000% 07/01/2035 Callable @ 100.000 07/01/2021 | | 500,000 | | 504,045 |
County of Burleigh ND Multi County Sales Tax Revenue 4.000% 11/01/2032 Callable @ 100.000 11/01/2022 | | 400,000 | | 415,960 |
Grand Forks Regional Airport Authority 4.500% 06/01/2028 Callable @ 100.000 06/01/2021 | | 230,000 | | 230,846 |
| | | | | 2,245,607 |
Transportation (1.2%) | | | | |
Grand Forks Regional Airport Authority 4.500% 06/01/2028 Callable @ 100.000 06/01/2021 | | 370,000 | | 371,421 |
| | | | | |
Utilities (3.9%) | | | | |
City of Grand Forks ND Sanitation Revenue 2.600% 09/01/2038 Callable @ 100.000 09/01/2027 | | 290,000 | | 298,671 |
City of Grand Forks ND Sanitation Revenue 2.625% 09/01/2040 Callable @ 100.000 09/01/2027 | | 485,000 | | 496,732 |
City of West Fargo ND Water & Sewer Revenue 2.625% 11/01/2034 Callable @ 100.000 11/01/2025 | | 250,000 | | 254,853 |
Mclean Sheridan Water District 2.000% 09/01/2038 Callable @ 100.000 09/01/2028 | | 205,000 | | 201,052 |
| | | | | 1,251,307 |
| | | | |
TOTAL MUNICIPAL BONDS (COST: $26,747,121) | | | $ | 27,883,517 |
| | | | |
OTHER ASSETS LESS LIABILITIES (12.4%) | | | | 3,949,877 |
| | | | |
NET ASSETS (100.0%) | | | $ | 31,833,394 |
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
