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. |
NOTE: INVESTMENT IN SECURITIES (unaudited) | ||||||
April 30, 2021, 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 | $68,537,222 | $12,838,065 | $49,765,922 | $68,979,594 | $81,506,631 | $26,747,121 |
Unrealized appreciation | $4,032,990 | $679,652 | $2,494,666 | $3,108,267 | $4,277,997 | $1,200,057 |
Unrealized depreciation | ($72,634) | $0 | ($51,531) | ($88,502) | ($84,422) | ($63,661) |
Net unrealized appreciation (depreciation)* | $3,960,356 | $679,652 | $2,443,135 | $3,019,765 | $4,193,575 | $1,136,396 |
*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 April 30, 2021: | ||||
Kansas Municipal Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $0 | $72,497,578 | $0 | $72,497,578 |
Total | $0 | $72,497,578 | $0 | $72,497,578 |
Maine Municipal Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $0 | $13,517,717 | $0 | $13,517,717 |
Total | $0 | $13,517,717 | $0 | $13,517,717 |
Nebraska Municipal Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $0 | $52,209,057 | $0 | $52,209,057 |
Total | $0 | $52,209,057 | $0 | $52,209,057 |
Oklahoma Municipal Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | 0 | 71,999,359 | 0 | 71,999,359 |
Total | $0 | 71,999,359 | $0 | 71,999,359 |
Viking Tax-Free Fund for Montana | ||||
Level 1 | Level 2 | Level 3 | Total | |
Municipal Bonds | $0 | $85,700,206 | $0 | $85,700,206 |
Total | $0 | $85,700,206 | $0 | $85,700,206 |
Viking Tax-Free Fund for North Dakota | ||||
Level 1 | Level 2 | Level 3 | Total | |
Municipal Bonds | $0 | $27,883,517 | $0 | $27,883,517 |
Total | $0 | $27,883,517 | $0 | $27,883,517 |