KANSAS MUNICIPAL FUND | ||||
Schedule of Investments April 29, 2022 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (93.7%) | ||||
Education (5.8%) | ||||
Coffeyville Community College 4.000% 06/01/2029 | $ | 250,000 | $ | 258,490 |
Coffeyville Community College 3.000% 06/01/2031 Callable @ 100.000 06/01/2030 | 790,000 | 750,303 | ||
Johnson County Community College Foundat 4.000% 11/15/2023 | 870,000 | 893,481 | ||
Kansas Development Finance Authority 3.000% 10/01/2044 Callable @ 100.000 10/01/2027 | 500,000 | 433,920 | ||
Kansas Development Finance Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2028 | 500,000 | 498,635 | ||
Kansas Development Finance Authority 2.000% 05/01/2035 Callable @ 100.000 05/01/2029 | 960,000 | 813,283 | ||
Kansas Development Finance Authority 4.000% 05/01/2035 Callable @ 100.000 05/01/2030 | 275,000 | 283,360 | ||
Kansas Development Finance Authority 4.000% 05/01/2036 Callable @ 100.000 05/01/2030 | 290,000 | 298,204 | ||
| 4,229,676 | |||
General Obligation (39.0%) | ||||
*Allen County Unified School District No 3.000% 09/01/2038 Callable @ 100.000 09/01/2028 | 1,000,000 | 942,120 | ||
City of Arkansas City KS 2.000% 08/01/2036 Callable @ 100.000 02/01/2028 | 500,000 | 416,490 | ||
City of Bonner Springs KS 3.000% 09/01/2044 Callable @ 100.000 09/01/2028 | 1,060,000 | 997,672 | ||
Bourbon County Unified School District N 5.000% 09/01/2027 Callable @ 100.000 09/01/2024 | 250,000 | 263,885 | ||
Bourbon County Unified School District N 5.000% 09/01/2028 Callable @ 100.000 09/01/2024 | 250,000 | 264,708 | ||
City of Burlingame KS 3.000% 09/01/2045 Callable @ 100.000 09/01/2027 | 365,000 | 317,324 | ||
Douglas County Unified School District N 4.000% 09/01/2030 Callable @ 100.000 09/01/2025 | 250,000 | 259,518 | ||
Geary County Unified School District No 4.000% 09/01/2033 Callable @ 100.000 09/01/2025 | 350,000 | 366,135 | ||
Geary County Unified School District No 3.000% 09/01/2035 Callable @ 100.000 09/01/2031 | 500,000 | 480,755 | ||
Geary County Unified School District No 3.000% 09/01/2043 Callable @ 100.000 09/01/2031 | 500,000 | 446,140 | ||
City of Hillsboro KS 3.000% 09/01/2024 | 100,000 | 100,145 | ||
City of Hillsboro KS 3.000% 09/01/2027 Callable @ 100.000 09/01/2026 | 225,000 | 224,692 | ||
City of Hillsboro KS 3.000% 09/01/2028 Callable @ 100.000 09/01/2026 | 230,000 | 225,727 | ||
City of Hillsboro KS 3.000% 09/01/2029 Callable @ 100.000 09/01/2026 | 240,000 | 230,323 | ||
City of Hutchinson KS 2.500% 10/01/2040 Callable @ 100.000 10/01/2029 | 420,000 | 338,772 | ||
Johnson & Miami Counties Unified School 5.000% 09/01/2037 Callable @ 100.000 09/01/2027 | 500,000 | 553,725 | ||
Johnson & Miami Counties Unified School 5.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 2,000,000 | 2,240,160 | ||
County of Johnson KS 2.000% 09/01/2034 Callable @ 100.000 09/01/2029 | 500,000 | 425,505 | ||
Johnson County Unified School District N 5.000% 10/01/2025 Callable @ 100.000 10/01/2023 | 250,000 | 260,020 | ||
City of Lawrence KS 5.000% 09/01/2023 | 205,000 | 212,540 | ||
City of Lawrence KS 5.000% 09/01/2024 | 210,000 | 222,270 | ||
Leavenworth County Unified School Distri 4.000% 09/01/2037 Callable @ 100.000 09/01/2026 | 650,000 | 687,453 | ||
Leavenworth County Unified School Distri 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 | 500,000 | 522,545 | ||
County of Linn KS 3.000% 07/01/2036 Callable @ 100.000 07/01/2029 | 1,100,000 | 1,042,844 | ||
Linn County Unified School District No 3 3.000% 09/01/2035 Callable @ 100.000 09/01/2028 | 500,000 | 476,260 | ||
Lyon County Unified School District No 2 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 750,000 | 778,710 | ||
Lyon County Unified School District No 2 4.000% 09/01/2048 Callable @ 100.000 09/01/2027 | 1,000,000 | 1,031,830 | ||
Miami County Unified School District No 5.000% 09/01/2027 | 10,000 | 9,778 | ||
Montezuma Unified School District No 371 4.000% 09/01/2036 Callable @ 100.000 09/01/2029 | 250,000 | 256,225 | ||
City of Olathe KS 3.000% 10/01/2033 Callable @ 100.000 10/01/2029 | 855,000 | 853,128 | ||
City of Ozawkie KS 3.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 335,000 | 314,883 | ||
City of Prairie Village KS 3.000% 09/01/2049 Callable @ 100.000 09/01/2027 | 1,500,000 | 1,460,700 | ||
County of Reno KS 3.000% 09/01/2036 Callable @ 100.000 09/01/2028 | 250,000 | 239,720 | ||
Rice County Unified School District No 4 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 | 710,000 | 747,744 | ||
Riley County Unified School District No 4.000% 09/01/2028 Callable @ 100.000 09/01/2027 | 680,000 | 720,977 | ||
Riley County Unified School District No 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 | 1,000,000 | 1,033,310 | ||
County of Saline KS 3.000% 09/01/2033 Callable @ 100.000 09/01/2030 | 1,000,000 | 984,810 | ||
County of Saline KS 2.000% 09/01/2034 Callable @ 100.000 09/01/2030 | 500,000 | 417,870 | ||
County of Scott KS 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 | 500,000 | 537,765 | ||
Sedgwick County Unified School District 5.000% 09/01/2035 Callable @ 100.000 09/01/2024 | 405,000 | 431,305 | ||
Seward County Unified School District No 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | 500,000 | 505,280 | ||
SEWARD USD 480 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | 85,000 | 85,828 | ||
City of South Hutchinson KS 4.000% 10/01/2038 Callable @ 100.000 10/01/2025 | 355,000 | 361,262 | ||
County of Thomas KS 3.000% 12/01/2047 Callable @ 100.000 12/01/2029 | 1,000,000 | 863,010 | ||
City of Topeka KS 3.000% 08/15/2022 | 500,000 | 501,225 | ||
City of Wichita KS 4.500% 09/01/2022 | 150,000 | 149,787 | ||
City of Wichita KS 4.750% 09/01/2027 | 180,000 | 176,222 | ||
City of Wichita KS 2.000% 12/01/2038 Callable @ 100.000 12/01/2028 | 250,000 | 204,448 | ||
Wyandotte County Kansas City Unified Gov 2.250% 08/01/2037 Callable @ 100.000 08/01/2028 | 410,000 | 346,963 | ||
Wyandotte County Kansas City Unified Gov 2.250% 08/01/2038 Callable @ 100.000 08/01/2028 | 1,000,000 | 830,000 | ||
Wyandotte County Kansas City Unified Gov 2.375% 08/01/2040 Callable @ 100.000 08/01/2028 | 1,000,000 | 826,690 | ||
Wyandotte County Unified School District 5.000% 09/01/2026 | 1,000,000 | 1,096,960 | ||
| 28,284,154 | |||
Health Care (12.5%) | ||||
Ashland Public Building Commission 5.000% 09/01/2030 Callable @ 100.000 09/01/2023 | 1,020,000 | 1,038,268 | ||
Ashland Public Building Commission 5.000% 09/01/2035 Callable @ 100.000 09/01/2023 | 500,000 | 506,840 | ||
Ashland Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2024 | 550,000 | 566,885 | ||
Kansas Development Finance Authority 4.125% 11/15/2027 Callable @ 100.000 11/15/2022 | 100,000 | 100,826 | ||
City of Lawrence KS 5.000% 07/01/2043 Callable @ 100.000 07/01/2028 | 1,500,000 | 1,604,640 | ||
City of Olathe KS 4.000% 09/01/2028 | 250,000 | 243,200 | ||
City of Olathe KS 4.000% 09/01/2030 | 295,000 | 293,737 | ||
University of Kansas Hospital Authority 4.000% 09/01/2040 Callable @ 100.000 09/01/2025 | 500,000 | 507,475 | ||
University of Kansas Hospital Authority 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 500,000 | 535,800 | ||
University of Kansas Hospital Authority 4.000% 09/01/2048 Callable @ 100.000 03/01/2029 | 1,000,000 | 1,012,900 | ||
University of Kansas Hospital Authority 5.000% 09/01/2048 Callable @ 100.000 03/01/2029 | 2,000,000 | 2,186,900 | ||
University of Kansas Hospital Authority 3.000% 03/01/2041 Callable @ 100.000 03/01/2030 | 500,000 | 456,300 | ||
| 9,053,772 | |||
Other Revenue (8.1%) | ||||
Dickson County Public Building Commissio 4.000% 08/01/2038 Callable @ 100.000 08/01/2028 | 750,000 | 769,380 | ||
Hoisington Public Building Commission 3.000% 11/01/2040 Callable @ 100.000 11/01/2029 | 660,000 | 580,206 | ||
Hoisington Public Building Commission 3.000% 11/01/2045 Callable @ 100.000 11/01/2029 | 500,000 | 417,855 | ||
Johnson County Public Building Commissio 4.000% 09/01/2022 | 405,000 | 407,709 | ||
Kansas Development Finance Authority 3.000% 11/01/2033 Callable @ 100.000 11/01/2027 | 1,000,000 | 956,170 | ||
City of Manhattan KS 5.000% 12/01/2026 | 255,000 | 250,759 | ||
City of Manhattan KS 4.500% 12/01/2025 | 415,000 | 415,183 | ||
*City of Manhattan KS 5.000% 12/01/2032 | 1,000,000 | 959,170 | ||
Washington County Public Building Commis 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 | 100,000 | 100,467 | ||
City of Wichita KS 4.000% 09/01/2038 Callable @ 100.000 09/01/2027 | 1,000,000 | 1,024,280 | ||
| 5,881,179 | |||
Pre-Refunded (13.9%) | ||||
Bourbon County Unified School District N 5.000% 09/01/2029 Callable @ 100.000 09/01/2024 | 250,000 | 265,058 | ||
Bourbon County Unified School District N 5.000% 09/01/2030 Callable @ 100.000 09/01/2024 | 250,000 | 265,058 | ||
Bourbon County Unified School District N 5.000% 09/01/2031 Callable @ 100.000 09/01/2024 | 500,000 | 530,115 | ||
County of Clay KS 4.000% 10/01/2036 Callable @ 100.000 10/01/2024 | 500,000 | 518,720 | ||
*Franklin County Unified School District 5.000% 09/01/2040 Callable @ 100.000 09/01/2025 | 3,000,000 | 3,243,720 | ||
Jackson County Unified School District N 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 | 135,000 | 136,420 | ||
Jackson County Unified School District N 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | 140,000 | 141,473 | ||
Jackson County Unified School District N 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 | 115,000 | 116,206 | ||
Jackson County Unified School District N 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 | 110,000 | 111,154 | ||
Leavenworth County Unified School Distri 5.000% 09/01/2029 Callable @ 100.000 09/01/2023 | 500,000 | 519,675 | ||
Leavenworth County Unified School Distri 4.000% 09/01/2030 Callable @ 100.000 09/01/2022 | 320,000 | 321,978 | ||
City of Manhattan KS 5.000% 11/15/2023 Callable @ 100.000 11/15/2022 | 250,000 | 254,080 | ||
City of Manhattan KS 5.000% 11/15/2024 Callable @ 100.000 11/15/2022 | 250,000 | 253,958 | ||
City of Manhattan KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2022 | 500,000 | 507,040 | ||
Neosho County Unified School District No 4.000% 09/01/2031 Callable @ 100.000 09/01/2023 | 250,000 | 253,958 | ||
Seward County Unified School District No 4.250% 09/01/2039 Callable @ 100.000 09/01/2022 | 500,000 | 503,335 | ||
Seward County Unified School District No 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | 85,000 | 85,836 | ||
Seward County Unified School District No 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 | 330,000 | 333,825 | ||
Washington County Public Building Commis 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 | 500,000 | 505,195 | ||
Washington County Public Building Commis 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 | 400,000 | 404,016 | ||
Washington County Public Building Commis 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 | 500,000 | 503,415 | ||
Wyandotte County Unified School District 5.000% 09/01/2025 Callable @ 100.000 09/01/2023 | 250,000 | 259,635 | ||
| 10,033,868 | |||
Transportation (1.1%) | ||||
State of Kansas Department of Transporta 5.000% 09/01/2033 Callable @ 100.000 09/01/2025 | 500,000 | 533,985 | ||
State of Kansas Department of Transporta 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 250,000 | 267,405 | ||
| 801,390 | |||
Utilities (13.3%) | ||||
*Kansas Municipal Energy Agency 5.750% 07/01/2038 Callable @ 100.000 07/01/2023 | 1,000,000 | 1,030,650 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2030 Callable @ 100.000 04/01/2026 | 250,000 | 267,080 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 | 500,000 | 532,420 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2033 Callable @ 100.000 04/01/2026 | 745,000 | 796,688 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2038 Callable @ 100.000 04/01/2026 | 1,000,000 | 1,061,340 | ||
Kansas Municipal Energy Agency 5.000% 04/01/2035 Callable @ 100.000 04/01/2026 | 300,000 | 319,767 | ||
Kansas Power Pool 4.000% 12/01/2031 Callable @ 100.000 12/01/2025 | 500,000 | 508,530 | ||
Kansas Power Pool 4.000% 12/01/2041 Callable @ 100.000 12/01/2029 | 500,000 | 505,420 | ||
City of McPherson KS Water System Revenu 2.000% 10/01/2037 Callable @ 100.000 10/01/2029 | 425,000 | 336,400 | ||
City of Topeka KS Combined Utility Reven 4.000% 08/01/2023 | 500,000 | 511,625 | ||
City of Topeka KS Combined Utility Reven 3.000% 08/01/2034 Callable @ 100.000 08/01/2029 | 900,000 | 870,714 | ||
City of Wichita KS Water & Sewer Utility 3.000% 10/01/2031 Callable @ 100.000 10/01/2029 | 350,000 | 348,257 | ||
*Wyandotte County Kansas City Unified Gov 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 | 1,250,000 | 1,265,200 | ||
Wyandotte County Kansas City Unified Gov 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 | 500,000 | 527,345 | ||
Wyandotte County Kansas City Unified Gov 5.000% 09/01/2028 Callable @ 100.000 09/01/2026 | 500,000 | 546,620 | ||
Wyandotte County Kansas City Unified Gov 3.000% 09/01/2040 Callable @ 100.000 09/01/2030 | 250,000 | 229,978 | ||
| 9,658,034 | |||
TOTAL MUNICIPAL BONDS (COST: $70,836,123) | $ | 67,942,073 | ||
OTHER ASSETS LESS LIABILITIES (6.3%) |
| 4,575,127 | ||
NET ASSETS (100.0%) | $ | 72,517,200 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
MAINE MUNICIPAL FUND | ||||
Schedule of Investments April 29, 2022 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (96.6%) | ||||
Education (8.8%) | ||||
* Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2026 | $ | 940,000 | $ | 1,013,029 |
General Obligation (28.5%) | ||||
City of Auburn ME 4.500% 09/01/2022 | 100,000 | 100,840 | ||
City of Biddeford ME 4.000% 10/01/2026 | 250,000 | 266,815 | ||
Town of Brunswick ME 2.500% 11/01/2041 Callable @ 100.000 11/01/2030 | 500,000 | 400,845 | ||
Town of Kennebunk ME 2.000% 10/01/2035 Callable @ 100.000 10/01/2031 | 600,000 | 492,942 | ||
City of Lewiston ME 2.750% 03/15/2038 Callable @ 100.000 03/15/2027 | 100,000 | 87,592 | ||
City of Lewiston ME 2.750% 03/15/2039 Callable @ 100.000 03/15/2027 | 250,000 | 220,160 | ||
City of Lewiston ME 2.750% 03/15/2040 Callable @ 100.000 03/15/2027 | 250,000 | 219,770 | ||
City of Portland ME 5.000% 08/01/2022 | 125,000 | 124,863 | ||
Regional School Unit No 26 3.000% 09/01/2044 Callable @ 100.000 09/01/2029 | 475,000 | 424,289 | ||
Town of Scarborough ME 4.000% 11/01/2028 Callable @ 100.000 11/01/2023 | 100,000 | 102,299 | ||
Maine School Administrative District No 4.000% 10/15/2029 Callable @ 100.000 10/15/2024 | 100,000 | 103,456 | ||
*Maine School Administrative District No 4.000% 05/01/2036 Callable @ 100.000 05/01/2028 | 500,000 | 515,070 | ||
City of Waterville ME 4.000% 07/01/2025 | 135,000 | 133,037 | ||
Wells Ogunquit Community School District 4.000% 11/01/2024 | 100,000 | 103,250 | ||
| 3,295,228 | |||
Health Care (2.3%) | ||||
Maine Health & Higher Educational Facilities Authority 4.500% 07/01/2031 | 5,000 | 4,800 | ||
Maine Health & Higher Educational Facilities Authority 5.250% 07/01/2023 | 40,000 | 39,821 | ||
Maine Health & Higher Educational Facilities Authority 3.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 250,000 | 221,970 | ||
| 266,591 | |||
Housing (8.6%) | ||||
Maine State Housing Authority 3.000% 11/15/2036 Callable @ 100.000 11/15/2025 | 400,000 | 401,568 | ||
Maine State Housing Authority 3.350% 11/15/2044 Callable @ 100.000 05/15/2028 | 155,000 | 144,539 | ||
Maine State Housing Authority 2.500% 11/15/2045 Callable @ 100.000 11/15/2028 | 165,000 | 138,450 | ||
Maine State Housing Authority 2.250% 11/15/2045 Callable @ 100.000 05/15/2029 | 250,000 | 198,090 | ||
Maine State Housing Authority 5.000% 06/15/2037 Callable @ 100.000 06/15/2031 | 100,000 | 115,378 | ||
| 998,025 | |||
Other Revenue (5.1%) | ||||
Maine Municipal Bond Bank 4.000% 11/01/2038 Callable @ 100.000 11/01/2022 | 125,000 | 125,460 | ||
Maine Municipal Bond Bank 5.000% 11/01/2025 Callable @ 100.000 11/01/2022 | 125,000 | 126,779 | ||
Maine Municipal Bond Bank 5.000% 11/01/2027 Callable @ 100.000 11/01/2024 | 100,000 | 106,009 | ||
Maine Municipal Bond Bank 3.000% 11/01/2040 Callable @ 100.000 11/01/2030 | 250,000 | 229,063 | ||
| 587,310 | |||
Pre-Refunded (29.5%) | ||||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2039 Callable @ 100.000 07/01/2024 | 750,000 | 791,595 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2034 Callable @ 100.000 07/01/2024 | 250,000 | 264,630 | ||
Maine Health & Higher Educational Facilities Authority 4.000% 07/01/2024 Callable @ 100.000 07/01/2022 | 270,000 | 270,910 | ||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2029 Callable @ 100.000 07/01/2024 | 1,000,000 | 1,034,160 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2030 Callable @ 100.000 07/01/2024 | 500,000 | 516,230 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2031 Callable @ 100.000 07/01/2024 | 500,000 | 518,035 | ||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2023 | 15,000 | 15,556 | ||
| 3,411,116 | |||
Transportation (7.0%) | ||||
Maine Turnpike Authority 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 | 250,000 | 253,778 | ||
City of Portland ME General Airport Revenue 5.000% 07/01/2022 | 100,000 | 100,634 | ||
City of Portland ME General Airport Revenue 5.000% 07/01/2023 | 100,000 | 103,748 | ||
City of Portland ME General Airport Revenue 5.000% 07/01/2024 Callable @ 100.000 07/01/2023 | 100,000 | 103,556 | ||
City of Portland ME General Airport Revenue 4.000% 01/01/2040 Callable @ 100.000 01/01/2030 | 250,000 | 251,523 | ||
| 813,238 | |||
Utilities (6.8%) | ||||
Kennebunk Light & Power District 5.000% 08/01/2022 | 110,000 | 109,699 | ||
Portland Water District 3.000% 11/01/2039 Callable @ 100.000 11/01/2029 | 500,000 | 469,670 | ||
Portland Water District Water System Revenue 2.000% 11/01/2036 Callable @ 100.000 11/01/2031 | 250,000 |
| 203,360 | |
| 782,729 | |||
TOTAL MUNICIPAL BONDS (COST: $11,810,324) | $ | 11,167,266 | ||
OTHER ASSETS LESS LIABILITIES (3.4%) |
| 391,750 | ||
NET ASSETS (100.0%) | $ | 11,559,016 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
NEBRASKA MUNICIPAL FUND | ||||
Schedule of Investments April 29, 2022 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (97.0%) | ||||
Education (4.1%) | ||||
County of Douglas NE 3.000% 09/01/2035 Callable @ 100.000 09/01/2031 | $ | 310,000 | $ | 295,173 |
#Nebraska State Colleges Facilities Corp 5.000% 07/15/2023 | 250,000 | 258,010 | ||
#Nebraska State Colleges Facilities Corp 5.000% 07/15/2033 Callable @ 100.000 07/15/2032 | 500,000 | 569,135 | ||
County of Saline NE 3.000% 02/15/2034 Callable @ 100.000 02/15/2029 | 365,000 | 333,650 | ||
County of Saline NE 3.000% 02/15/2035 Callable @ 100.000 02/15/2029 | 300,000 | 272,037 | ||
Southeast Community College 3.000% 03/15/2045 Callable @ 100.000 07/02/2025 | 500,000 | 436,595 | ||
| 2,164,600 | |||
General Obligation (43.4%) | ||||
Plattsmouth School District 3.000% 12/15/2039 Callable @ 100.000 08/21/2024 | 1,000,000 | 936,340 | ||
City of Columbus NE 3.000% 12/15/2033 Callable @ 100.000 09/01/2026 | 325,000 | 314,148 | ||
City of Columbus NE 3.000% 12/15/2036 Callable @ 100.000 09/01/2026 | 400,000 | 378,340 | ||
#Cozad City School District 4.000% 06/15/2025 | 500,000 | 520,500 | ||
#Cozad City School District 4.000% 06/15/2037 Callable @ 100.000 05/17/2027 | 500,000 | 515,835 | ||
Ponca Public Schools 3.000% 12/15/2026 Callable @ 100.000 02/26/2025 | 355,000 | 357,634 | ||
Fremont School District 5.000% 12/15/2032 | 280,000 | 324,954 | ||
Fremont School District 4.000% 12/15/2033 | 250,000 | 264,328 | ||
*Omaha School District 5.000% 12/15/2029 Callable @ 100.000 12/15/2026 | 1,630,000 | 1,803,693 | ||
Omaha School District 3.000% 12/15/2042 Callable @ 100.000 01/30/2030 | 1,000,000 | 915,540 | ||
Elkhorn School District 4.000% 12/15/2030 Callable @ 100.000 12/15/2026 | 500,000 | 532,765 | ||
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2028 | 500,000 | 520,895 | ||
Elkhorn School District 4.000% 12/15/2037 Callable @ 100.000 12/15/2029 | 300,000 | 316,692 | ||
Douglas County School District No 15 3.000% 12/15/2041 Callable @ 100.000 09/29/2026 | 1,000,000 | 898,350 | ||
Douglas County School District No 17/NE 2.000% 12/15/2039 Callable @ 100.000 12/15/2030 | 500,000 | 367,755 | ||
Ralston Public Schools 3.000% 12/15/2041 Callable @ 100.000 12/15/2030 | 750,000 | 682,568 | ||
Douglas County School District No 59/NE 3.500% 06/15/2043 Callable @ 100.000 03/15/2024 | 500,000 | 475,355 | ||
Westside Community Schools 5.000% 12/01/2038 Callable @ 100.000 12/05/2024 | 235,000 | 245,006 | ||
Westside Community Schools 5.000% 12/01/2039 Callable @ 100.000 12/05/2024 | 250,000 | 260,540 | ||
County of Kearney NE 4.000% 06/01/2024 | 350,000 | 360,080 | ||
Knox County School District N0 576 4.000% 12/15/2038 Callable @ 100.000 12/15/2023 | 590,000 | 606,951 | ||
City of La Vista NE 3.000% 09/15/2041 Callable @ 100.000 01/05/2027 | 250,000 | 228,700 | ||
Lancaster County School District 001 5.000% 01/15/2023 | 750,000 | 765,945 | ||
Hershey Public Schools 4.000% 12/15/2027 Callable @ 100.000 12/15/2026 | 235,000 | 248,278 | ||
City of Lincoln NE 3.000% 12/01/2039 Callable @ 100.000 06/01/2029 | 685,000 | 644,948 | ||
City of Lincoln NE 3.000% 05/15/2033 Callable @ 100.000 05/15/2029 | 1,090,000 | 1,096,137 | ||
City of Lincoln NE 3.000% 04/01/2033 Callable @ 100.000 04/01/2029 | 540,000 | 536,166 | ||
Superior Public Schools 1.450% 12/15/2022 | 340,000 | 339,153 | ||
City of Omaha NE 4.000% 04/15/2037 Callable @ 100.000 04/15/2029 | 500,000 | 522,285 | ||
City of Omaha NE 3.000% 04/15/2041 Callable @ 100.000 04/15/2031 | 1,000,000 | 935,250 | ||
City of Omaha NE 5.000% 04/15/2027 Callable @ 100.000 04/15/2026 | 955,000 | 1,053,355 | ||
City of Omaha NE 5.000% 04/15/2028 Callable @ 100.000 04/15/2026 | 500,000 | 549,710 | ||
City of Omaha NE 3.750% 01/15/2038 Callable @ 100.000 01/15/2027 | 500,000 | 501,820 | ||
Papio Missouri River Natural Resource Di 3.000% 12/01/2036 Callable @ 100.000 10/12/2026 | 600,000 | 567,684 | ||
Papio Missouri River Natural Resource Di 3.000% 12/01/2041 Callable @ 100.000 10/12/2026 | 300,000 | 276,303 | ||
Polk County School District No 19 3.000% 06/15/2039 Callable @ 100.000 07/30/2024 | 455,000 | 418,045 | ||
Gretna Public Schools 3.000% 12/15/2046 Callable @ 100.000 12/15/2031 | 1,000,000 | 873,840 | ||
Ashland Greenwood Public Schools 3.000% 12/15/2044 Callable @ 100.000 12/15/2030 | 950,000 | 841,605 | ||
Ashland Greenwood Public Schools 3.000% 12/15/2046 Callable @ 100.000 12/15/2030 | 1,000,000 | 868,940 | ||
| 22,866,432 | |||
Health Care (3.4%) | ||||
Douglas County Hospital Authority No 2 5.000% 05/15/2027 Callable @ 100.000 05/15/2026 | 200,000 | 218,356 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2031 Callable @ 100.000 07/01/2025 | 500,000 | 527,690 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2032 Callable @ 100.000 07/01/2025 | 335,000 | 352,638 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2033 Callable @ 100.000 07/01/2025 | 450,000 | 474,575 | ||
Madison County Hospital Authority No 1 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 | 215,000 | 227,218 | ||
| ||||
| 1,800,477 | |||
Housing (0.7%) | ||||
Nebraska Investment Finance Authority 3.850% 03/01/2038 Callable @ 100.000 09/01/2024 | 395,000 | 396,169 | ||
|
| |||
Other Revenue (3.2%) | ||||
City of Columbus NE 3.000% 06/15/2036 Callable @ 100.000 06/30/2026 | 750,000 | 709,657.50 | ||
Omaha Public Facilities Corp 4.000% 04/15/2031 | 250,000 | 269,555.00 | ||
Omaha Public Facilities Corp 4.000% 04/15/2032 Callable @ 100.000 04/15/2031 | 250,000 | 265,712.50 | ||
Papillion Municipal Facilities Corp 3.000% 12/15/2034 Callable @ 100.000 07/30/2024 | 435,000 | 414,976.95 | ||
| 1,659,902 | |||
Pre-Refunded (12.1%) | ||||
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2025 | 300,000 | 316,479.00 | ||
Grand Island Public Schools 5.000% 12/15/2033 Callable @ 100.000 12/15/2024 | 500,000 | 534,380 | ||
Grand Island Public Schools 5.000% 12/15/2039 Callable @ 100.000 12/15/2024 | 500,000 | 532,140 | ||
City of Hastings NE Combined Utility Rev 4.000% 10/15/2032 Callable @ 100.000 10/15/2022 | 500,000 | 502,630 | ||
*City of Lincoln NE Electric System Reven 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 | 1,000,000 | 1,011,590 | ||
Gretna Public Schools 5.000% 12/15/2035 Callable @ 100.000 12/15/2025 | 250,000 | 273,825 | ||
Sarpy County School District No 1 3.500% 12/15/2035 Callable @ 100.000 09/30/2024 | 250,000 | 256,580 | ||
Scotts Bluff County School District No 3 5.000% 12/01/2031 Callable @ 100.000 12/01/2025 | 250,000 | 273,413 | ||
University of Nebraska 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 | 1,500,000 | 1,620,060 | ||
University of Nebraska 5.000% 05/15/2035 Callable @ 100.000 05/15/2025 | 500,000 | 537,920 | ||
University of Nebraska 5.000% 05/15/2033 Callable @ 100.000 11/15/2025 | 250,000 | 272,880 | ||
University of Nebraska 5.000% 07/01/2038 Callable @ 100.000 07/01/2022 | 250,000 | 251,215 | ||
| 6,383,112 | |||
Transportation (3.0%) | ||||
Omaha Airport Authority 5.000% 12/15/2027 Callable @ 100.000 12/15/2026 | 500,000 | 540,360 | ||
Omaha Airport Authority 5.000% 12/15/2036 Callable @ 100.000 12/15/2026 | 1,000,000 | 1,060,240 | ||
| 1,600,600 | |||
Utilities (27.1%) | ||||
*Central Plains Energy Project 5.000% 09/01/2027 Callable @ 100.000 09/01/2022 | 2,000,000 | 2,019,820 | ||
Central Plains Energy Project 5.250% 09/01/2037 Callable @ 100.000 09/01/2022 | 500,000 | 504,160 | ||
Central Plains Energy Project 5.000% 09/01/2042 Callable @ 100.000 09/01/2022 | 500,000 | 505,380 | ||
City of Columbus NE Combined Revenue 4.000% 12/15/2032 Callable @ 100.000 12/15/2026 | 100,000 | 103,478 | ||
City of Columbus NE Combined Utilities S 4.000% 06/15/2033 Callable @ 100.000 06/15/2030 | 300,000 | 313,464 | ||
City of Columbus NE Combined Utilities S 4.000% 06/15/2034 Callable @ 100.000 06/15/2030 | 300,000 | 315,675 | ||
City of Columbus NE Combined Utilities S 4.000% 06/15/2035 Callable @ 100.000 06/15/2030 | 300,000 | 312,597 | ||
City of Grand Island NE Combined Utility 4.000% 08/15/2037 Callable @ 100.000 08/15/2030 | 300,000 | 312,333 | ||
City of Grand Island NE Sewer System Rev 5.000% 09/15/2026 Callable @ 100.000 09/17/2023 | 250,000 | 260,855 | ||
City of Lincoln NE Solid Waste Managemen 4.000% 08/01/2025 Callable @ 100.000 08/01/2023 | 275,000 | 281,650 | ||
City of Lincoln NE Solid Waste Managemen 4.000% 08/01/2027 Callable @ 100.000 08/01/2023 | 400,000 | 409,432 | ||
Metropolitan Utilities District of Omaha 4.000% 12/15/2026 Callable @ 100.000 12/15/2022 | 250,000 | 252,665 | ||
Nebraska Public Power District 4.000% 01/01/2044 Callable @ 100.000 01/01/2031 | 500,000 | 509,405 | ||
Nebraska Public Power District 5.000% 01/01/2041 Callable @ 100.000 01/01/2026 | 250,000 | 268,875 | ||
*Nebraska Public Power District 5.000% 01/01/2036 Callable @ 100.000 01/01/2026 | 2,355,000 | 2,503,742 | ||
City of Omaha NE Sewer Revenue 5.000% 11/15/2029 Callable @ 100.000 11/15/2024 | 250,000 | 264,500 | ||
City of Omaha NE Sewer Revenue 5.000% 11/15/2030 Callable @ 100.000 11/15/2024 | 250,000 | 264,188 | ||
City of Omaha NE Sewer Revenue 5.000% 11/15/2031 Callable @ 100.000 11/15/2024 | 500,000 | 528,885 | ||
City of Omaha NE Sewer Revenue 4.000% 04/01/2035 Callable @ 100.000 04/01/2026 | 250,000 | 256,490 | ||
City of Omaha NE Sewer Revenue 4.000% 04/01/2037 Callable @ 100.000 04/01/2030 | 750,000 | 785,423 | ||
City of Omaha NE Sewer Revenue 4.000% 04/01/2038 Callable @ 100.000 04/01/2030 | 400,000 | 417,428 | ||
City of Omaha NE Sewer Revenue 4.000% 04/01/2039 Callable @ 100.000 04/01/2030 | 250,000 | 258,780 | ||
Omaha Public Power District 5.000% 02/01/2046 Callable @ 100.000 08/01/2030 | 1,000,000 | 1,122,110 | ||
Omaha Public Power District Nebraska Cit 5.000% 02/01/2032 Callable @ 100.000 02/01/2025 | 250,000 | 264,697 | ||
Omaha Public Power District Nebraska Cit 5.000% 02/01/2031 Callable @ 100.000 02/01/2026 | 445,000 | 480,057 | ||
Omaha Public Power District Nebraska Cit 4.000% 02/01/2032 Callable @ 100.000 02/01/2026 | 400,000 | 412,400 | ||
Omaha Public Power District Nebraska Cit 4.000% 02/01/2035 Callable @ 100.000 02/01/2026 | 365,000 | 374,687 | ||
| 14,303,174 | |||
TOTAL MUNICIPAL BONDS (COST: $53,856,950) | $ | 51,174,466 | ||
OTHER ASSETS LESS LIABILITIES (3.0%) | $ | 1,560,878 | ||
NET ASSETS (100.0%) | $ | 52,735,343 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
#When-issued purchase as of April 29, 2022. | ||||
OKLAHOMA MUNICIPAL FUND | ||||
Schedule of Investments April 29, 2022 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (93.2%) | ||||
Education (8.2%) | ||||
Oklahoma Development Finance Authority 5.000% 06/01/2039 Callable @ 100.000 06/01/2024 | $ | 19,000 | $ | 18,034 |
Oklahoma Development Finance Authority 4.000% 12/01/2036 Callable @ 100.000 12/01/2031 | 425,000 | 433,360 | ||
Oklahoma Development Finance Authority 4.000% 08/01/2030 Callable @ 100.000 08/01/2024 | 280,000 | 286,588 | ||
Oklahoma Development Finance Authority 4.000% 08/01/2031 Callable @ 100.000 08/01/2024 | 290,000 | 295,997 | ||
Oklahoma Development Finance Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2024 | 305,000 | 310,990 | ||
Oklahoma Development Finance Authority 4.000% 08/01/2033 Callable @ 100.000 08/01/2024 | 315,000 | 320,928 | ||
Oklahoma State University 5.000% 08/01/2032 Callable @ 100.000 08/01/2028 | 250,000 | 276,208 | ||
Oklahoma State University 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 | 370,000 | 393,632 | ||
University of Oklahoma/The 5.000% 07/01/2036 Callable @ 100.000 07/01/2025 | 500,000 | 532,285 | ||
University of Oklahoma/The 4.000% 07/01/2040 Callable @ 100.000 07/01/2025 | 650,000 | 657,989 | ||
University of Oklahoma/The 5.000% 07/01/2038 Callable @ 100.000 07/01/2025 | 500,000 | 531,685 | ||
University of Oklahoma/The 5.000% 07/01/2034 | 735,000 | 832,285 | ||
University of Oklahoma/The 4.000% 07/01/2036 | 500,000 | 515,465 | ||
| 5,405,446 | |||
General Obligation (9.2%) | ||||
City of Bartlesville OK 2.000% 12/01/2028 | 195,000 | 180,962 | ||
City of Broken Arrow OK 4.000% 12/01/2037 Callable @ 100.000 12/01/2028 | 605,000 | 621,504 | ||
City of Broken Arrow OK 4.000% 12/01/2038 Callable @ 100.000 12/01/2028 | 610,000 | 627,367 | ||
City of Broken Arrow OK 3.125% 12/01/2035 Callable @ 100.000 12/01/2026 | 575,000 | 554,386 | ||
City of Lawton OK 2.000% 12/01/2022 | 500,000 | 499,210 | ||
City of Midwest City OK 3.000% 06/01/2041 Callable @ 100.000 06/01/2029 | 500,000 | 451,510 | ||
#Oklahoma County Independent School District No 1 Putnam City 2.125% 04/01/2024 | 1,000,000 | 993,070 | ||
Oklahoma County Independent School District No 12 Edmond 1.000% 03/01/2024 | 1,000,000 | 973,460 | ||
City of Perkins OK 3.000% 06/01/2033 | 125,000 | 119,043 | ||
City of Perkins OK 3.000% 06/01/2034 | 115,000 | 108,371 | ||
Tulsa County Independent School District No 9 Union 2.000% 04/01/2024 | 1,000,000 | 992,000 | ||
| 6,120,883 | |||
Health Care (7.0%) | ||||
Norman Regional Hospital Authority 3.250% 09/01/2039 Callable @ 100.000 09/01/2029 | 895,000 | 800,873 | ||
Norman Regional Hospital Authority 5.000% 09/01/2045 Callable @ 100.000 09/01/2029 | 200,000 | 212,426 | ||
Oklahoma County Finance Authority 4.000% 04/01/2041 Callable @ 100.000 04/01/2031 | 250,000 | 256,460 | ||
Oklahoma County Finance Authority 4.000% 04/01/2046 Callable @ 100.000 04/01/2031 | 335,000 | 340,802 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2025 | 350,000 | 370,076 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2025 | 250,000 | 265,098 | ||
Oklahoma Development Finance Authority 4.000% 08/15/2038 Callable @ 100.000 08/15/2025 | 250,000 | 252,948 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2028 | 345,000 | 362,236 | ||
Oklahoma Development Finance Authority 5.000% 08/15/2033 Callable @ 100.000 08/15/2028 | 175,000 | 179,557 | ||
Oklahoma Development Finance Authority 4.000% 08/15/2048 Callable @ 100.000 08/15/2028 | 825,000 | 834,446 | ||
Oklahoma Development Finance Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 | 250,000 | 257,940 | ||
Tulsa County Industrial Authority 3.000% 02/01/2037 Callable @ 100.000 02/01/2029 | 500,000 | 472,320 | ||
| 4,605,182 | |||
Housing (1.0%) | ||||
Oklahoma Housing Finance Agency 3.000% 09/01/2039 Callable @ 100.000 03/01/2028 | 515,000 | 507,934 | ||
Oklahoma Housing Finance Agency 3.200% 03/01/2042 Callable @ 100.000 03/01/2028 | 170,000 | 165,187 | ||
| 673,121 | |||
Other Revenue (38.0%) | ||||
Blackwell Facilities Authority 4.000% 09/01/2024 | 310,000 | 317,759 | ||
*Caddo County Governmental Building Authority 5.000% 09/01/2040 Callable @ 100.000 09/01/2028 | 1,010,000 | 1,069,479 | ||
Carter County Public Facilities Authority 3.000% 09/01/2035 Callable @ 100.000 09/01/2031 | 550,000 | 511,566 | ||
Carter County Public Facilities Authority 3.000% 09/01/2036 Callable @ 100.000 09/01/2031 | 575,000 | 528,684 | ||
Comanche County Educational Facilities Authority 4.000% 09/01/2024 | 200,000 | 202,126 | ||
Comanche County Educational Facilities Authority 4.000% 09/01/2026 | 295,000 | 298,971 | ||
Elk City Industrial Authority 3.000% 05/01/2034 Callable @ 100.000 05/01/2029 | 1,050,000 | 972,489 | ||
Elk City Industrial Authority 3.000% 05/01/2039 Callable @ 100.000 05/01/2029 | 425,000 | 377,770 | ||
Grady County School Finance Authority 5.000% 09/01/2032 Callable @ 100.000 09/01/2028 | 370,000 | 404,950 | ||
Johnston County Educational Facilities Authority 4.000% 09/01/2031 | 905,000 | 951,291 | ||
Johnston County Educational Facilities Authority 4.000% 09/01/2032 | 645,000 | 689,879 | ||
Kingfisher County Educational Facilities Authority 3.000% 03/01/2033 Callable @ 100.000 03/01/2029 | 250,000 | 239,045 | ||
Kingfisher County Educational Facilities Authority 3.000% 03/01/2035 Callable @ 100.000 03/01/2031 | 570,000 | 553,071 | ||
Kingfisher County Educational Facilities Authority 3.000% 03/01/2036 Callable @ 100.000 03/01/2031 | 400,000 | 378,756 | ||
Love County Educational Facilities Authority 3.000% 12/01/2038 Callable @ 100.000 12/01/2031 | 765,000 | 707,870 | ||
Mannford Public Works Authority 3.000% 01/01/2031 Callable @ 100.000 01/01/2029 | 500,000 | 467,595 | ||
Marshall County Educational Facilities Authority 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 | 500,000 | 515,000 | ||
McClain County Economic Development Authority 4.000% 09/01/2029 | 250,000 | 260,648 | ||
Muskogee Industrial Trust 5.000% 09/01/2026 | 400,000 | 427,752 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2027 Callable @ 100.000 10/01/2025 | 350,000 | 374,927 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2028 Callable @ 100.000 10/01/2025 | 400,000 | 426,636 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2029 Callable @ 100.000 10/01/2025 | 625,000 | 675,513 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2036 Callable @ 100.000 10/01/2025 | 230,000 | 246,268 | ||
Oklahoma City Public Property Authority 5.000% 10/01/2039 Callable @ 100.000 10/01/2025 | 835,000 | 898,660 | ||
Oklahoma City Zoological Trust OK Sales Tax Revenue 4.000% 06/01/2036 Callable @ 100.000 06/01/2031 | 1,000,000 | 1,059,110 | ||
Oklahoma County Finance Authority 4.000% 09/01/2033 Callable @ 100.000 09/01/2030 | 250,000 | 253,950 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2032 Callable @ 100.000 06/01/2030 | 140,000 | 146,665 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2033 Callable @ 100.000 06/01/2030 | 145,000 | 151,284 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2034 Callable @ 100.000 06/01/2030 | 150,000 | 155,972 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2035 Callable @ 100.000 06/01/2030 | 155,000 | 160,828 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2040 Callable @ 100.000 06/01/2030 | 250,000 | 259,938 | ||
Oklahoma Development Finance Authority 3.000% 06/01/2029 | 195,000 | 192,100 | ||
Oklahoma Development Finance Authority 3.000% 06/01/2030 | 180,000 | 177,772 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2032 Callable @ 100.000 06/01/2031 | 340,000 | 360,924 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2034 Callable @ 100.000 06/01/2031 | 365,000 | 383,396 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2035 Callable @ 100.000 06/01/2031 | 205,000 | 214,826 | ||
Oklahoma Development Finance Authority 4.000% 06/01/2038 Callable @ 100.000 06/01/2029 | 290,000 | 301,209 | ||
Oklahoma Capitol Improvement Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2029 | 530,000 | 589,779 | ||
Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2029 | 500,000 | 514,700 | ||
Oklahoma Capitol Improvement Authority 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 940,000 | 869,359 | ||
Ottawa County Educational Facilities Authority 4.000% 09/01/2022 | 990,000 | 995,277 | ||
Pontotoc County Educational Facilities Authority 4.000% 09/01/2034 Callable @ 100.000 09/01/2031 | 625,000 | 633,406 | ||
Pontotoc County Educational Facilities Authority 4.000% 09/01/2040 Callable @ 100.000 09/01/2031 | 1,000,000 | 1,005,370 | ||
Pottawatomie County Facilities Authority 3.000% 09/01/2035 Callable @ 100.000 09/01/2030 | 625,000 | 592,750 | ||
Pottawatomie County Facilities Authority 3.000% 09/01/2036 Callable @ 100.000 09/01/2030 | 700,000 | 663,810 | ||
Sand Springs Municipal Authority 4.250% 01/01/2035 Callable @ 100.000 01/01/2023 | 250,000 | 252,038 | ||
Sand Springs Municipal Authority 4.000% 01/01/2036 Callable @ 100.000 01/01/2023 | 500,000 | 503,175 | ||
Seminole County Educational Facilities Authority 3.000% 12/01/2030 | 415,000 | 394,632 | ||
Tahlequah Public Facilities Authority 4.000% 04/01/2023 | 550,000 | 558,932 | ||
Tulsa Public Facilities Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2025 | 200,000 | 196,330 | ||
Tulsa Public Facilities Authority 5.000% 06/01/2025 | 475,000 | 507,846 | ||
Wagoner County School Development Authority 4.000% 09/01/2027 | 500,000 | 524,800 | ||
| 25,116,883 | |||
Pre-Refunded (4.0%) | ||||
Oklahoma Development Finance Authority 4.000% 06/01/2038 Callable @ 100.000 06/01/2029 | 435,000 | 454,919 | ||
Oklahoma Capitol Improvement Authority 4.000% 07/01/2043 Callable @ 100.000 07/01/2026 | 500,000 | 528,095 | ||
*Oklahoma Municipal Power Authority 5.750% 01/01/2024 | 370,000 | 388,015 | ||
Okmulgee County Governmental Building Authority 4.250% 12/01/2035 Callable @ 100.000 12/01/2023 | 500,000 | 517,300 | ||
Sapulpa Municipal Authority 5.000% 04/01/2028 Callable @ 100.000 04/01/2023 | 750,000 | 767,805 | ||
| 2,656,134 | |||
Transportation (7.7%) | ||||
*Oklahoma Capital Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2030 | 2,000,000 | 2,071,660 | ||
Oklahoma Turnpike Authority 4.000% 01/01/2042 Callable @ 100.000 01/01/2027 | 1,000,000 | 1,039,410 | ||
Oklahoma Turnpike Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2027 | 100,000 | 103,956 | ||
*Tulsa Airports Improvement Trust 4.000% 06/01/2035 Callable @ 100.000 06/01/2028 | 1,355,000 | 1,394,634 | ||
Tulsa Airports Improvement Trust 4.000% 06/01/2036 Callable @ 100.000 06/01/2028 | 145,000 | 148,753 | ||
Tulsa Airports Improvement Trust 5.000% 06/01/2027 | 300,000 | 328,821 | ||
| 5,087,234 | |||
Utilities (18.1%) | ||||
Clinton Public Works Authority 4.000% 12/01/2034 Callable @ 100.000 12/01/2024 | 750,000 | 765,308 | ||
Clinton Public Works Authority 4.000% 12/01/2039 Callable @ 100.000 12/01/2024 | 500,000 | 506,050 | ||
Coweta Public Works Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2026 | 1,000,000 | 1,038,100 | ||
Edmond Public Works Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2027 | 500,000 | 548,640 | ||
Miami Special Utility Authority 4.000% 12/01/2036 Callable @ 100.000 12/01/2026 | 500,000 | 515,905 | ||
Oklahoma City Water Utilities Trust 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 | 100,000 | 106,682 | ||
Oklahoma City Water Utilities Trust 4.000% 07/01/2039 Callable @ 100.000 07/01/2025 | 175,000 | 178,645 | ||
Oklahoma Water Resources Board 5.000% 10/01/2029 Callable @ 100.000 10/01/2024 | 250,000 | 264,530 | ||
Oklahoma Water Resources Board 5.000% 10/01/2033 Callable @ 100.000 10/01/2024 | 500,000 | 527,880 | ||
Oklahoma Water Resources Board 4.000% 10/01/2038 Callable @ 100.000 10/01/2028 | 325,000 | 342,713 | ||
Oklahoma Water Resources Board 4.000% 10/01/2043 Callable @ 100.000 10/01/2028 | 830,000 | 872,272 | ||
Oklahoma Water Resources Board 4.000% 10/01/2048 Callable @ 100.000 10/01/2028 | 1,460,000 | 1,525,204 | ||
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 | 955,000 | 1,020,876 | ||
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 | 465,000 | 492,821 | ||
Oklahoma Water Resources Board 4.000% 10/01/2050 Callable @ 100.000 10/01/2030 | 515,000 | 545,030 | ||
*Washington County Rural Water District No 3 3.000% 09/15/2041 Callable @ 100.000 03/01/2028 | 3,000,000 | 2,736,563 | ||
| 11,987,219 | |||
TOTAL MUNICIPAL BONDS (COST: $65,188,954 ) | $ | 61,652,102 | ||
OTHER ASSETS LESS LIABILITIES (6.8%) | $ | 4,517,994 | ||
NET ASSETS (100.0%) | $ | 66,170,096 | ||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. | ||||
VIKING TAX-FREE FUND FOR MONTANA | ||||
Schedule of Investments April 29, 2022 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (96.1%) | ||||
Education (6.0%) | ||||
Flathead County School District No 6 Columbia Falls 3.000% 07/01/2034 Callable @ 100.000 01/01/2031 | $ | 280,000 | $ | 269,850 |
Montana State Board of Regents 4.000% 11/15/2025 Callable @ 100.000 11/15/2022 | 500,000 | 504,875 | ||
Montana State Board of Regents 5.000% 11/15/2045 Callable @ 100.000 11/15/2027 | 1,000,000 | 1,104,920 | ||
Montana State Board of Regents 5.000% 11/15/2034 Callable @ 100.000 11/15/2031 | 500,000 | 572,145 | ||
Montana State Board of Regents 5.000% 11/15/2035 Callable @ 100.000 11/15/2031 | 410,000 | 468,236 | ||
Montana State Board of Regents 4.000% 11/15/2040 Callable @ 100.000 11/15/2031 | 315,000 | 328,038 | ||
Montana State Board of Regents 4.000% 11/15/2041 Callable @ 100.000 11/15/2031 | 400,000 | 415,388 | ||
Montana State Board of Regents 4.000% 11/15/2046 Callable @ 100.000 11/15/2031 | 1,225,000 | 1,267,177 | ||
| 4,930,629 | |||
General Obligation (46.4%) | ||||
City of Bozeman MT 4.000% 07/01/2028 Callable @ 100.000 01/01/2024 | 540,000 | 556,114 | ||
City of Bozeman MT 4.000% 07/01/2034 Callable @ 100.000 07/01/2029 | 500,000 | 524,340 | ||
City & County of Butte Silver Bow MT 4.000% 07/01/2030 Callable @ 100.000 07/01/2026 | 225,000 | 233,856 | ||
City & County of Butte Silver Bow MT 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | 240,000 | 248,318 | ||
City & County of Butte Silver Bow MT 4.500% 07/01/2034 Callable @ 100.000 07/01/2026 | 850,000 | 897,796 | ||
Carbon County High School District No 1 Red Lodge 3.000% 07/01/2039 Callable @ 100.000 01/01/2031 | 475,000 | 445,598 | ||
Carbon County High School District No 1 Red Lodge 3.000% 07/01/2041 Callable @ 100.000 01/01/2031 | 255,000 | 238,078 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2037 Callable @ 100.000 01/01/2031 | 580,000 | 557,102 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2038 Callable @ 100.000 01/01/2031 | 600,000 | 572,952 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2039 Callable @ 100.000 01/01/2031 | 620,000 | 590,903 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2040 Callable @ 100.000 01/01/2031 | 535,000 | 506,490 | ||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2041 Callable @ 100.000 01/01/2031 | 500,000 | 470,840 | ||
Cascade County Elementary School District No 1 Great Falls 4.000% 07/01/2031 Callable @ 100.000 07/01/2027 | 700,000 | 732,305 | ||
Cascade County School District 5/5C Centerville 3.000% 07/01/2033 Callable @ 100.000 07/01/2031 | 305,000 | 298,080 | ||
Cascade County School District 5/5C Centerville 3.000% 07/01/2035 Callable @ 100.000 07/01/2031 | 250,000 | 237,313 | ||
Cascade County School District 5/5C Centerville 3.000% 07/01/2037 Callable @ 100.000 07/01/2031 | 245,000 | 231,126 | ||
Cascade County School District 5/5C Centerville 3.000% 07/01/2039 Callable @ 100.000 07/01/2031 | 365,000 | 342,407 | ||
Flathead County High School District No 5 Kalispell 5.000% 07/01/2039 Callable @ 100.000 07/01/2028 | 455,000 | 505,318 | ||
Flathead County School District No 6 Columbia Falls 4.000% 07/01/2039 Callable @ 100.000 07/01/2030 | 1,000,000 | 1,031,520 | ||
Flathead County School District No 6 Columbia Falls 3.000% 07/01/2038 Callable @ 100.000 01/01/2031 | 250,000 | 234,850 | ||
Flathead County School District No 6 Columbia Falls 3.000% 07/01/2040 Callable @ 100.000 01/01/2031 | 250,000 | 233,765 | ||
City of Fort Benton MT 3.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 715,000 | 680,902 | ||
City of Fort Benton MT 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 770,000 | 688,241 | ||
Gallatin County MO Etc MO High School District No J 24 Three Forks 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 465,000 | 491,775 | ||
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 | 624,427 | ||
Gallatin County High School District No 7 Bozeman 3.000% 12/01/2034 Callable @ 100.000 06/01/2027 | 500,000 | 477,085 | ||
Gallatin County High School District No 7 Bozeman 3.000% 06/01/2035 Callable @ 100.000 06/01/2027 | 300,000 | 284,877 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2031 Callable @ 100.000 07/01/2030 | 775,000 | 821,043 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2032 Callable @ 100.000 07/01/2030 | 695,000 | 733,552 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 535,000 | 556,031 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 | 565,000 | 588,781 | ||
Gallatin County School District No 72 Ophir 4.000% 07/01/2037 Callable @ 100.000 07/01/2030 | 800,000 | 829,136 | ||
Gallatin County School District No 7 Bozeman 4.000% 12/01/2032 Callable @ 100.000 06/01/2026 | 610,000 | 629,886 | ||
Gallatin County School District No 7 Bozeman 4.000% 12/01/2033 Callable @ 100.000 06/01/2026 | 260,000 | 268,031 | ||
Gallatin County School District No 27 Monforton 4.250% 06/15/2026 Callable @ 100.000 06/15/2023 | 415,000 | 423,902 | ||
Gallatin County School District No 44 Belgrade 3.500% 06/15/2028 | 575,000 | 573,718 | ||
Gallatin County School District No 44 Belgrade 4.000% 06/01/2031 Callable @ 100.000 06/01/2029 | 265,000 | 278,783 | ||
Gallatin County School District No 44 Belgrade 4.000% 06/01/2036 Callable @ 100.000 06/01/2029 | 345,000 | 358,317 | ||
Gallatin County School District No 3 Manhattan 4.000% 07/01/2034 Callable @ 100.000 07/01/2026 | 465,000 | 479,127 | ||
Missoula High School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | 275,000 | 285,296 | ||
Hellgate School District No 4 5.000% 06/15/2028 Callable @ 100.000 06/15/2027 | 500,000 | 559,025 | ||
Hellgate School District No 4 5.000% 06/15/2029 Callable @ 100.000 06/15/2027 | 500,000 | 551,240 | ||
Hellgate School District No 4 5.000% 06/15/2030 Callable @ 100.000 06/15/2027 | 500,000 | 547,490 | ||
Desmet School District No 20 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 320,000 | 299,219 | ||
DeSmet School District No 20 3.000% 07/01/2041 Callable @ 100.000 07/01/2031 | 200,000 | 189,418 | ||
City of Missoula MT 4.000% 07/01/2031 Callable @ 100.000 07/01/2025 | 250,000 | 259,203 | ||
* Missoula County Elementary School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 | 500,000 | 515,945 | ||
Missoula County Elementary School District No 1 4.000% 07/01/2033 Callable @ 100.000 07/01/2026 | 750,000 | 776,640 | ||
State of Montana 4.000% 08/01/2023 | 385,000 | 395,503 | ||
State of Montana 4.000% 08/01/2026 Callable @ 100.000 08/01/2024 | 855,000 | 888,986 | ||
State of Montana 4.000% 08/01/2027 Callable @ 100.000 08/01/2024 | 480,000 | 498,624 | ||
State of Montana 5.000% 08/01/2030 | 500,000 | 583,255 | ||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 | 250,000 | 256,365 | ||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | 965,000 | 989,569 | ||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 355,000 | 363,627 | ||
County of Ravalli MT 4.250% 07/01/2030 Callable @ 100.000 07/01/2024 | 755,000 | 776,434 | ||
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | 250,000 | 257,803 | ||
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 250,000 | 257,510 | ||
*Silver Bow County School District No 1 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 | 1,960,000 | 2,009,902 | ||
Stillwater County Elementary School District No 6 Columbus 5.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 300,000 | 332,895 | ||
Stillwater County High School District No 6 Columbus 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 | 530,000 | 555,800 | ||
Stillwater County High School District No 6 Columbus 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 | 275,000 | 287,524 | ||
Valley County K 12 School District No 1 A Glasgow/MT 4.250% 07/01/2031 Callable @ 100.000 07/01/2023 | 450,000 | 459,090 | ||
Yellowstone County High School District No 7 Laurel 3.000% 07/01/2025 | 225,000 | 227,054 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2024 | 500,000 | 530,755 | ||
Yellowstone County School District No 2 Billings 3.000% 06/15/2032 Callable @ 100.000 12/15/2027 | 630,000 | 628,072 | ||
Yellowstone County School District No 2 Billings 3.000% 06/15/2034 Callable @ 100.000 12/15/2027 | 315,000 | 300,362 | ||
Yellowstone County School District No 2 Billings 3.000% 06/15/2035 Callable @ 100.000 12/15/2027 | 430,000 | 408,655 | ||
Yellowstone County School District No 8 Elder Grove 4.000% 07/01/2037 Callable @ 100.000 07/01/2028 | 875,000 | 897,426 | ||
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2037 Callable @ 100.000 07/01/2028 | 1,000,000 | 1,099,850 | ||
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2038 Callable @ 100.000 07/01/2028 | 1,500,000 | 1,630,500 | ||
| 38,095,716 | |||
Health Care (13.8%) | ||||
Montana Facility Finance Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 | 1,000,000 | 1,082,070 | ||
Montana Facility Finance Authority 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | 1,000,000 | 1,074,230 | ||
*Montana Facility Finance Authority 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 1,075,000 | 1,071,302 | ||
Montana Facility Finance Authority 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 | 2,000,000 | 1,872,700 | ||
Montana Facility Finance Authority 5.000% 08/15/2048 Callable @ 100.000 08/15/2028 | 500,000 | 542,225 | ||
Montana Facility Finance Authority 4.000% 01/01/2037 Callable @ 100.000 01/01/2030 | 200,000 | 202,940 | ||
Montana Facility Finance Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2030 | 1,500,000 | 1,538,490 | ||
Montana Facility Finance Authority 5.000% 06/01/2028 Callable @ 100.000 12/01/2024 | 1,015,000 | 1,058,036 | ||
Montana Facility Finance Authority 5.000% 06/01/2029 Callable @ 100.000 06/01/2025 | 915,000 | 956,321 | ||
Montana Facility Finance Authority 5.000% 06/01/2035 Callable @ 100.000 06/01/2028 | 425,000 | 458,664 | ||
Montana Facility Finance Authority 5.000% 06/01/2036 Callable @ 100.000 06/01/2028 | 700,000 | 764,624 | ||
County of Yellowstone MT 4.000% 10/01/2029 Callable @ 100.000 10/01/2024 | 710,000 | 733,522 | ||
| 11,355,125 | |||
Housing (4.9%) | ||||
Montana Board of Housing 3.000% 12/01/2023 Callable @ 100.000 12/01/2022 | 55,000 | 55,124 | ||
Montana Board of Housing 3.150% 06/01/2024 Callable @ 100.000 12/01/2022 | 225,000 | 226,280 | ||
Montana Board of Housing 3.150% 12/01/2024 Callable @ 100.000 12/01/2022 | 80,000 | 80,453 | ||
Montana Board of Housing 3.350% 06/01/2025 Callable @ 100.000 12/01/2022 | 100,000 | 100,549 | ||
Montana Board of Housing 3.875% 12/01/2023 Callable @ 100.000 06/01/2023 | 95,000 | 96,218 | ||
Montana Board of Housing 4.050% 06/01/2024 Callable @ 100.000 06/01/2023 | 90,000 | 92,093 | ||
Montana Board of Housing 4.050% 12/01/2024 Callable @ 100.000 06/01/2023 | 250,000 | 255,228 | ||
Montana Board of Housing 4.650% 12/01/2028 Callable @ 100.000 06/01/2023 | 145,000 | 147,797 | ||
Montana Board of Housing 3.400% 12/01/2033 Callable @ 100.000 12/01/2027 | 260,000 | 261,381 | ||
Montana Board of Housing 3.250% 12/01/2044 Callable @ 100.000 12/01/2028 | 1,020,000 | 1,025,396 | ||
Montana Board of Housing 2.800% 12/01/2039 Callable @ 100.000 06/01/2029 | 715,000 | 651,851 | ||
Montana Board of Housing 3.000% 12/01/2045 Callable @ 100.000 06/01/2029 | 400,000 | 382,028 | ||
Montana Board of Housing 3.800% 12/01/2038 Callable @ 100.000 06/01/2028 | 600,000 | 624,564 | ||
| 3,998,961 | |||
Other Revenue (9.0%) | ||||
City of Billings MT 5.500% 07/01/2026 | 185,000 | 183,872 | ||
City of Billings MT 4.375% 07/01/2029 Callable @ 100.000 01/01/2023 | 490,000 | 475,374 | ||
*City of Billings MT 5.000% 07/01/2033 Callable @ 100.000 01/01/2023 | 900,000 | 901,260 | ||
City of Billings MT 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 | 710,000 | 728,190 | ||
City of Billings MT 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 | 405,000 | 403,530 | ||
Gallatin County Rural Improvement District 5.500% 07/01/2025 | 325,000 | 323,479 | ||
*Gallatin County Rural Improvement District 6.000% 07/01/2030 | 1,000,000 | 987,090 | ||
City of Great Falls MT 3.000% 07/01/2035 Callable @ 100.000 07/01/2030 | 1,005,000 | 867,858 | ||
City of Kalispell MT 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 | 500,000 | 543,740 | ||
City of Livingston MT 4.000% 07/01/2034 Callable @ 100.000 01/01/2029 | 525,000 | 522,800 | ||
Madison County Rural Improvement District 5.500% 07/01/2025 | 10,000 | 9,982 | ||
*Madison County Rural Improvement District 6.000% 07/01/2030 | 1,000,000 | 987,090 | ||
City of Missoula MT 4.750% 07/01/2027 | 90,000 | 89,773 | ||
City of Missoula MT 6.000% 07/01/2030 | 180,000 | 172,017 | ||
City of Missoula MT 5.125% 07/01/2026 | 125,000 | 122,874 | ||
| 7,318,928 | |||
Pre-Refunded (7.7%) | ||||
*Montana State Board of Regents 4.000% 05/15/2025 Callable @ 100.000 05/15/2022 | 2,000,000 | 2,001,840 | ||
Montana State Board of Regents 4.000% 05/15/2026 Callable @ 100.000 05/15/2022 | 1,145,000 | 1,146,053 | ||
Montana State Board of Regents 5.000% 11/15/2025 Callable @ 100.000 11/15/2023 | 500,000 | 522,835 | ||
Montana State Board of Regents 5.000% 11/15/2030 Callable @ 100.000 11/15/2023 | 240,000 | 249,691 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2026 Callable @ 100.000 06/15/2024 | 515,000 | 544,494 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2027 Callable @ 100.000 06/15/2024 | 1,000,000 | 1,054,920 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2031 Callable @ 100.000 06/15/2025 | 350,000 | 374,808 | ||
Yellowstone County School District No 2 Billings 5.000% 06/15/2032 Callable @ 100.000 06/15/2025 | 435,000 | 468,138 | ||
| 6,362,780 | |||
Transportation (1.7%) | ||||
Missoula Parking Commission 4.000% 10/01/2026 Callable @ 100.000 04/01/2024 | 835,000 | 858,130 | ||
Missoula Special Improvement Districts/MT 4.600% 07/01/2024 | 100,000 | 99,128 | ||
Missoula Special Improvement Districts/MT 4.600% 07/01/2025 | 105,000 | 104,809 | ||
Missoula Special Improvement Districts/MT 5.400% 07/01/2029 | 370,000 | 370,007 | ||
| 1,432,074 | |||
Utilities (6.6%) | ||||
City of Billings MT 5.000% 07/01/2031 Callable @ 100.000 07/01/2027 | 260,000 | 288,033 | ||
City of Billings MT Solid Waste System Revenue 3.500% 07/01/2039 Callable @ 100.000 07/01/2027 | 1,510,000 | 1,507,675 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2025 Callable @ 100.000 07/01/2023 | 215,000 | 219,386 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2026 Callable @ 100.000 07/01/2023 | 225,000 | 229,406 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2028 Callable @ 100.000 07/01/2025 | 250,000 | 261,970 | ||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2029 Callable @ 100.000 07/01/2025 | 250,000 | 260,103 | ||
City of Dillon MT Water & Sewer System Revenue 4.000% 07/01/2033 Callable @ 100.000 07/01/2025 | 250,000 | 259,308 | ||
Four Corners County Water & Sewer District 4.000% 07/01/2035 Callable @ 100.000 07/01/2031 | 585,000 | 607,517 | ||
Four Corners County Water & Sewer District 4.000% 07/01/2036 Callable @ 100.000 07/01/2031 | 610,000 | 632,424 | ||
Four Corners County Water & Sewer District 4.000% 07/01/2036 Callable @ 100.000 07/01/2031 | 525,000 | 545,134 | ||
City of Missoula MT Water System Revenue 4.000% 07/01/2037 Callable @ 100.000 07/01/2028 | 600,000 | 628,608 | ||
| 5,439,561 | |||
TOTAL MUNICPAL BONDS (COST: $82,849,103) | $ | 78,933,774 | ||
OTHER ASSETS LESS LIABILITIES (3.9%) | $ | 3,241,547 | ||
NET ASSETS (100.0%) | $ | 82,175,321 | ||
*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 29, 2022 (unaudited) | ||||
Principal | Fair | |||
| Amount |
| Value | |
MUNICIPAL BONDS (94.3%) |
|
|
|
|
|
|
|
|
|
Education (14.6%) |
|
|
|
|
State Board of Higher Education of the S 4.000% 04/01/2025 Callable @ 100.000 04/01/2024 | $ | 415,000 | $ | 428,998 |
State Board of Higher Education of the S 4.000% 04/01/2028 Callable @ 100.000 04/01/2024 | 365,000 | 370,059 | ||
State Board of Higher Education of the S 4.000% 04/01/2033 Callable @ 100.000 04/01/2025 | 500,000 | 506,120 | ||
State Board of Higher Education of the S 3.250% 04/01/2037 Callable @ 100.000 04/01/2027 | 250,000 | 240,328 | ||
State Board of Higher Education of the S 4.000% 04/01/2044 Callable @ 100.000 04/01/2029 | 500,000 | 511,885 | ||
State Board of Higher Education of the S 3.125% 07/01/2037 Callable @ 100.000 07/01/2029 | 200,000 | 161,676 | ||
State Board of Higher Education of the S 3.200% 07/01/2039 Callable @ 100.000 07/01/2029 | 200,000 | 159,386 | ||
State Board of Higher Education of the S 5.000% 10/01/2030 | 150,000 | 168,366 | ||
State Board of Higher Education of the S 5.000% 10/01/2036 Callable @ 100.000 10/01/2030 | 310,000 | 339,469 | ||
State Board of Higher Education of the S 2.000% 08/01/2033 Callable @ 100.000 08/01/2028 | 200,000 | 162,508 | ||
State Board of Higher Education of the S 2.000% 08/01/2034 Callable @ 100.000 08/01/2028 | 415,000 | 325,559 | ||
University of North Dakota 4.000% 06/01/2040 Callable @ 100.000 06/01/2030 | 1,000,000 | 1,026,930 | ||
| 4,401,283 | |||
General Obligation (27.5%) |
|
|
|
|
Dickinson Public School District No 1 4.000% 08/01/2034 Callable @ 100.000 08/01/2025 | 400,000 | 409,368 | ||
Fargo Park District 4.000% 05/01/2024 | 415,000 | 428,824 | ||
City of Grand Forks ND 4.000% 12/01/2039 Callable @ 100.000 12/01/2028 | 470,000 | 482,432 | ||
City of Grand Forks ND 4.500% 05/01/2032 Callable @ 100.000 05/01/2025 | 240,000 | 246,442 | ||
City of Horace ND 4.250% 05/01/2035 Callable @ 100.000 05/01/2023 | 340,000 | 341,629 | ||
City of Horace ND 3.000% 05/01/2037 Callable @ 100.000 05/01/2026 | 500,000 | 462,695 | ||
City of Horace ND 3.000% 05/01/2034 Callable @ 100.000 05/01/2027 | 500,000 | 457,630 | ||
Mandan Public School District No 1 3.125% 08/01/2024 Callable @ 100.000 08/01/2022 | 200,000 | 200,508 | ||
Mandan Public School District No 1 3.000% 08/01/2033 Callable @ 100.000 08/01/2029 | 1,000,000 | 979,550 | ||
City of Minot ND Airport Revenue 3.500% 10/01/2025 Callable @ 100.000 10/01/2022 | 570,000 | 572,046 | ||
City of Minot ND Airport Revenue 4.000% 10/01/2028 Callable @ 100.000 10/01/2022 | 355,000 | 356,615 | ||
Nesson Public School District No 2 4.000% 08/01/2039 Callable @ 100.000 08/01/2027 | 500,000 | 513,030 | ||
Thompson Public School District No 61 1.550% 08/01/2038 Callable @ 100.000 08/01/2028 | 275,000 | 212,300 | ||
City of West Fargo ND 2.250% 05/01/2040 Callable @ 100.000 05/01/2026 | 500,000 | 404,730 | ||
West Fargo Park District 3.000% 05/01/2029 | 275,000 | 277,596 | ||
West Fargo Public School District No 6 3.000% 08/01/2035 Callable @ 100.000 08/01/2028 | 1,000,000 | 992,650 | ||
West Fargo Public School District No 6 3.000% 08/01/2036 Callable @ 100.000 08/01/2028 | 500,000 | 494,245 | ||
City of Williston ND 4.000% 05/01/2035 Callable @ 100.000 05/01/2023 | 200,000 | 200,900 | ||
City of Williston ND 4.000% 05/01/2038 Callable @ 100.000 05/01/2023 | 230,000 | 230,856 | ||
| 8,264,045 | |||
Health Care (11.6%) |
|
|
|
|
County of Burleigh ND 3.500% 11/01/2028 Callable @ 101.000 11/01/2025 | 215,000 | 200,728 | ||
County of Burleigh ND 4.000% 11/01/2032 Callable @ 101.000 11/01/2025 | 250,000 | 224,350 | ||
County of Cass ND 5.000% 02/15/2033 Callable @ 100.000 02/15/2028 | 445,000 | 480,547 | ||
County of Cass ND 4.125% 02/15/2037 Callable @ 100.000 02/15/2028 | 595,000 | 611,999 | ||
*County of Cass ND 4.250% 02/15/2043 Callable @ 100.000 02/15/2028 | 1,290,000 | 1,317,451 | ||
City of Grand Forks ND 3.000% 12/01/2039 Callable @ 100.000 12/01/2031 | 250,000 | 215,035 | ||
City of Grand Forks ND 5.125% 12/01/2025 | 250,000 | 251,695 | ||
City of Langdon ND 6.200% 01/01/2025 | 100,000 | 99,850 | ||
County of Ward ND 5.000% 06/01/2053 Callable @ 100.000 06/01/2028 | 100,000 | 102,419 | ||
| 3,504,074 | |||
Housing (10.2%) |
|
|
|
|
North Dakota Housing Finance Agency 1.150% 01/01/2028 | 500,000 | 457,215 | ||
North Dakota Housing Finance Agency 1.750% 01/01/2031 Callable @ 100.000 07/01/2030 | 500,000 | 438,700 | ||
North Dakota Housing Finance Agency 2.150% 07/01/2024 | 530,000 | 527,520 | ||
North Dakota Housing Finance Agency 2.500% 01/01/2026 | 340,000 | 337,875 | ||
*North Dakota Housing Finance Agency 3.550% 07/01/2040 Callable @ 100.000 07/01/2026 | 280,000 | 278,250 | ||
North Dakota Housing Finance Agency 3.550% 07/01/2033 Callable @ 100.000 07/01/2027 | 110,000 | 109,605 | ||
North Dakota Housing Finance Agency 3.750% 07/01/2038 | 275,000 | 267,333 | ||
North Dakota Housing Finance Agency 2.950% 07/01/2039 Callable @ 100.000 01/01/2029 | 195,000 | 181,933 | ||
North Dakota Housing Finance Agency 3.050% 07/01/2043 Callable @ 100.000 01/01/2029 | 190,000 | 178,946 | ||
North Dakota Housing Finance Agency 3.000% 07/01/2040 Callable @ 100.000 07/01/2029 | 300,000 | 281,610 | ||
| 3,058,987 | |||
Other Revenue (23.8%) |
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County of Barnes ND 4.000% 05/01/2032 Callable @ 100.000 05/01/2025 | 250,000 | 255,325 | ||
County of Barnes ND 4.000% 05/01/2040 Callable @ 100.000 05/01/2025 | 500,000 | 506,500 | ||
City of Grand Forks ND 5.000% 12/15/2028 Callable @ 100.000 12/15/2025 | 250,000 | 270,873 | ||
Jamestown Park District/ND 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 | 500,000 | 507,030 | ||
Jamestown Park District/ND 4.000% 07/01/2033 Callable @ 100.000 07/01/2024 | 345,000 | 349,116 | ||
Jamestown Park District/ND 3.000% 07/01/2035 Callable @ 100.000 07/01/2024 | 500,000 | 472,595 | ||
*City of Mandan ND 4.000% 09/01/2034 Callable @ 100.000 09/01/2024 | 500,000 | 507,345 | ||
*City of Mandan ND 3.250% 09/01/2041 Callable @ 100.000 09/01/2024 | 1,250,000 | 1,165,600 | ||
Minot Park District 3.000% 12/01/2028 Callable @ 100.000 12/01/2023 | 250,000 | 249,150 | ||
Minot Park District 3.750% 12/01/2038 Callable @ 100.000 12/01/2025 | 435,000 | 436,270 | ||
City of Minot ND 2.000% 10/01/2042 Callable @ 100.000 10/01/2028 | 595,000 | 441,811 | ||
City of Minot ND 3.000% 10/01/2038 Callable @ 100.000 10/01/2029 | 500,000 | 460,785 | ||
North Dakota Public Finance Authority 5.000% 06/01/2031 | 240,000 | 231,089 | ||
North Dakota Public Finance Authority 4.000% 06/01/2030 Callable @ 100.000 06/01/2023 | 400,000 | 405,000 | ||
North Dakota Public Finance Authority 4.000% 06/01/2028 Callable @ 100.000 06/01/2024 | 265,000 | 271,803 | ||
North Dakota Public Finance Authority 5.000% 06/01/2028 Callable @ 100.000 06/01/2025 | 130,000 | 139,495 | ||
#City of West Fargo ND 4.000% 12/01/2023 | 230,000 | 236,162 | ||
#City of West Fargo ND 4.000% 12/01/2033 Callable @ 100.000 12/01/2029 | 240,000 | 247,903 | ||
| 7,153,851 | |||
Pre-Refunded (3.2%) | ||||
County of Burleigh ND 5.000% 07/01/2022 | 300,000 | 301,680 | ||
County of Burleigh ND 4.500% 07/01/2032 Callable @ 100.000 07/01/2022 | 250,000 | 251,070 | ||
County of Burleigh ND Multi County Sales 4.000% 11/01/2032 Callable @ 100.000 11/01/2022 | 400,000 | 401,692 | ||
| 954,442 | |||
Utilities (3.4%) |
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City of Grand Forks ND Sanitation Revenu 2.600% 09/01/2038 Callable @ 100.000 09/01/2027 | 290,000 | 249,629 | ||
City of Grand Forks ND Sanitation Revenu 2.625% 09/01/2040 Callable @ 100.000 09/01/2027 | 485,000 | 406,202 | ||
Mclean Sheridan Water District 2.000% 09/01/2038 Callable @ 100.000 09/01/2028 | 205,000 | 158,537 | ||
City of West Fargo ND Water & Sewer Reve 2.625% 11/01/2034 Callable @ 100.000 11/01/2025 | 250,000 | 222,473 | ||
| 1,036,840 | |||
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TOTAL MUNICIPAL BONDS (COST: $30,201,041) |
|
| $ | 28,373,522 |
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OTHER ASSETS LESS LIABILITIES (5.7%) |
|
|
| 1,730,070 |
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NET ASSETS (100.0%) |
|
| $ | 30,103,592 |
| ||||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
NOTE: INVESTMENT IN SECURITIES (unaudited) | ||||||
At April 29, 2022, 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 | $70,836,123 | $11,810,324 | $53,856,950 | $65,188,954 | $82,849,103 | $30,201,041 |
Unrealized appreciation | $621,033 | $35,505 | $290,023 | $337,915 | $311,281 | $130,780 |
Unrealized depreciation | ($3,515,084) | ($678,563) | ($2,972,506) | ($3,874,766) | ($4,226,610) | ($1,958,300) |
Net unrealized appreciation (depreciation)* | $2,894,050 | ($643,058) | ($2,682,483) | ($3,536,851) | ($3,915,329) | ($1,827,519) |
*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 29, 2022: | ||||
Kansas Municipal Fund | ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $0 | $67,942,073 | $0 | $67,942,073 |
Total | $0 | $67,942,073 | $0 | $67,942,073 |
| ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $0 | $11,167,266 | $0 | $11,167,266 |
Total | $0 | $11,167,266 | $0 | $11,167,266 |
| ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $0 | $51,174,466 | $0 | $51,174,466 |
Total | $0 | $51,174,466 | $0 | $51,174,466 |
| ||||
| Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $0 | 61,652,102 | $0 | 61,652,102 |
Total | $0 | 61,652,102 | $0 | 61,652,102 |
| ||||
Level 1 | Level 2 | Level 3 | Total | |
Municipal Bonds | $0 | $78,933,774 | $0 | $78,933,774 |
Total | $0 | $78,933,774 | $0 | $78,933,774 |
| ||||
Level 1 | Level 2 | Level 3 | Total | |
Municipal Bonds | $0 | $28,373,522 | $0 | $28,373,522 |
Total | $0 | $28,373,522 | $0 | $28,373,522 |