Integrity Managed Portfolios N-CSR Certified annual shareholder report (management investment company)

N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-06153

Integrity Managed Portfolios

(Exact name of registrant as specified in charter)

1 Main Street North, Minot, ND	58703
(Address of principal offices)	(Zip code)

Brent Wheeler and/or Kevin Flagstad, PO Box 500, Minot, ND 58702

(Name and address of agent for service)

Registrant's telephone number, including area code: 701-852-5292

Date of fiscal year end: July 31

Date of reporting period: April 30, 2010

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. SCHEDULE OF INVESTMENTS

KANSAS MUNICIPAL FUND
Schedule of Investments April 30, 2010
		Principal Amount		Market Value
MUNICIPAL BONDS (96.3%)
Education (7.7%)
Hutchinson, KS Community College 5.000% 10/01/25	$	350,000	$	359,278
Hutchinson, KS Community College 5.250% 10/01/30		300,000		306,114
Hutchinson, KS Community College 5.250% 10/01/33		450,000		457,987
KS Dev. Fin. Auth. Sales Tax Rev. K-St-Olathe Innovation-L1 5.000% 09/01/39		200,000		207,852
KS St Dev Fin Auth Lease Rev Univ Kansas Tenant 5.000% 06/15/39		1,000,000		1,013,840
KS Devl. Finance Auth. Rev. (Univ. KS Research Cent.) 5.000% 02/01/26		500,000		517,630
Washburn Univ. (Living Learning Ctr.) Bldg. Rev. 5.000% 07/01/19		700,000		750,379
				3,613,080
General Obligation (27.0%)
Cowley Cnty., KS USD #465 (Winfield) 5.250% 10/01/14		250,000		284,260
Dickinson Cnty, KS USD #473 5.000% 09/01/27		325,000		355,745
Dodge, KS School District #443 5.000% 09/01/11		1,000,000		1,045,320
Douglas Cty., KS Sales Tax Ref. 5.000% 08/01/19		1,000,000		1,069,170
Douglas Cnty, KS Uni Sch Dist 491 Eudora Sch Bldg 5.125% 09/01/29		250,000		259,275
Harvey Cty., KS USD #373 (Newton) 5.000% 09/01/23		200,000		216,898
Harvey Cty., KS USD #373 (Newton) 5.000% 09/01/25		1,000,000		1,069,010
*Johnson Cty., KS USD #231 Gardner-Edgerton 5.000% 10/01/24		1,135,000		1,162,331
Johnson Cty., KS USD #232 (Desoto) 5.250% 09/01/23		500,000		542,055
Junction City, KS Ref & Impt 5.000% 9/1/25		250,000		260,948
Junction City, KS Unlimited GO 4.100% 09/01/20		100,000		104,009
Junction City, KS Unlimited GO 4.250% 09/01/21		100,000		104,222
Junction City, KS Unlimited GO 4.400% 09/01/22		100,000		105,316
Lawrence, KS (Unlimited Tax) Refunding G.O. 5.375% 09/01/20		500,000		506,680
Leavenworth Cnty., KS USD #453 GO Improvement & Refunding 5.125% 03/01/29		1,000,000		1,071,820
Manhattan, KS General Obligation 5.000% 11/01/28		130,000		141,538
Montgomery County, KS USD #446 5.000% 09/01/33		250,000		261,160
Newton, KS Unlimited G.O. 4.750% 09/01/29		435,000		454,318
Park City, KS 6.000% 12/01/29		500,000		553,535
Park City, KS General Obligation Ref & Impr. 5.375% 12/01/25		250,000		251,023
Reno Cty., KS USD #308 Hutchinson 4.500% 09/01/23		500,000		525,900
Salina, KS (General Obligation) 4.625% 10/1/27		200,000		208,164
Sedgwick Cty., KS Uni Sch Dist #262 5.000% 09/01/28		500,000		531,590
Shawnee Cty., KS G.O. 5.000% 09/01/16		655,000		742,698
Topeka, KS G.O. 5.000% 08/15/21		400,000		405,880
Wyandotte Cnty., KS General Obligation 5.000% 08/01/27		500,000		534,090
				12,766,955
Health Care (18.9%)
KS Devl. Fin. Auth. Sisters of Charity Leavenworth 5.125% 12/01/18		100,000		100,019
KS ST Dev Fin Auth. Hosp. Rev. Adventist Health 5.150% 11/15/23		250,000		263,613
KS St Dev Fin Auth Rev Adventist Health 5.250% 11/15/24		250,000		260,795
KS St Dev Fin Auth Hosp Rev Adventist Health 5.500% 11/15/29		100,000		102,591
KS St Dev Fin Auth. Adventist Health 5.750% 11/15/34		250,000		255,633
KS Devl. Finance Auth. (Sisters of Charity) Hlth. Rev. 6.125% 12/01/20		1,000,000		1,013,130
KS Devl. Finance Auth. (Hays Medical Center) 5.000% 11/15/22		500,000		516,980
KS Devlop. Fin. Auth Stormont-Vail Healthcare 5.125% 11/15/36		500,000		508,100
*KS Devl. Finance Auth. (Stormont Vail) Hlth. Care Rev. - Unrefunded 5.375% 11/15/24		1,365,000		1,377,845
Lawrence, KS (Memorial Hospital) Rev. 5.125% 07/01/26		500,000		505,315
Lawrence, KS (Memorial Hospital) Rev. 5.125% 07/01/36		300,000		286,800
Manhattan, KS Hosp. Rev. Mercy Health Center 5.500% 08/15/20		250,000		252,787
Olathe, KS (Medl. Ctr.) Hlth. Facs. Rev. 5.500% 09/01/25		235,000		235,891
Olathe, KS (Medl. Ctr.) Hlth. Facs. Rev. 5.500% 09/01/30		500,000		501,105
Olathe, Health Fac Rev (Med Center) 5.000% 9/1/29		500,000		493,450
Sedgwick Cty., KS Health Care Rev. (Catholic Care Center) 5.000% 08/01/25		1,000,000		1,001,740
University KS Hosp Auth. (KU Health) 5.000% 09/01/26		100,000		101,056
Wichita, KS (Via Christi Health System) Rev. 5.625% 11/15/31		1,100,000		1,113,057
				8,889,907
Housing (5.1%)
Kansas City, KS Mrtge. Rev. 5.900% 11/01/27		200,000		200,002
*Olathe, KS Multifamily Hsg. (Bristol Pointe) Rev. Ref. 5.700% 11/01/27		2,210,000		2,210,022
				2,410,024
Other Revenue (12.9%)
Butler Cnty., KS Public Bldg. 5.550% 10/01/21		300,000		305,121
Coffeyville, KS Pub. Bldg. (Coffeyville Medl. Center) Rev. 5.000% 08/01/22		250,000		255,602
Dodge City, KS Sales Tax Rev 5.250% 06/01/31		1,000,000		1,061,250
KS St Dev Fin Auth Lease Rev (Juvenile Justice) 5.250% 05/01/13		570,000		594,459
*KS Devl. Finance Auth. Rev. (KS St. Projects) 5.000% 05/01/26		1,335,000		1,409,840
KS St Dev Fin Auth Rev State of KS Projects 5.000% 11/01/34		500,000		524,875
KS Devl. Finance Auth. Rev. (Dept. Admin.) 5.000% 11/01/25		250,000		266,990
KS Devl. Finance Auth. Rev. (KS St. Projects) 5.250% 11/01/25		250,000		273,980
KS Devl. Finance Auth. Rev. (Athletic Facs. University of KS) 5.000% 06/01/33		250,000		256,510
KS Devl. Finance Auth. Rev. (KS St. Projects) 5.000% 5/1/35		250,000		261,050
Lincoln Cnty., KS Public Bldg (Lincoln County Hosp) 5.000% 03/01/28		125,000		137,595
Manhattan, KS Sales Tax Rev. Downtown Redevelopment 5.250% 12/01/26		250,000		252,407
Manhattan, KS Spl Oblig Rev North Proj Area - Downtown A 5.000% 12/01/26		500,000		502,590
				6,102,269
Prerefunded (0.8%)
KS St Dev Fin Auth Lease Rev (Dept of Admin Cap Rest) 5.375% 10/01/20		370,000		377,751
Transportation (6.2%)
Kansas Dept. Transportation Highway Rev. 5.000% 03/01/23		250,000		265,045
KS Devl. Finance Auth. (KS St. Project) Rev. 5.000% 10/01/17		130,000		138,065
KS Devl. Finance Auth. (KS St. Projects) Rev. 5.000% 10/1/17		120,000		124,884
KS Devl. Finance Auth. Rev. (Road Revolving Fund) 4.625% 10/01/26		250,000		265,225
KS Turnpike Auth. Rev. 5.250% 09/01/21		500,000		526,010
KS Turnpike Auth. Rev. 5.000% 09/01/24		330,000		340,718
KS Turnpike Auth. Rev. 5.000% 09/01/25		750,000		772,320
Overland Park, KS Trans. Devl. Dist., Sales Tax Rev. Oak Park Mall 5.200% 04/01/20		500,000		504,660
				2,936,927
Utilities (17.7%)
Burlington, KS PCR (Gas & Elec.) 5.300% 06/01/31		1,000,000		1,002,800
Burlington, KS PCR (Gas & Elec.) 4.850% 06/01/31		500,000		502,025
KS Devl. Finance Auth. (Water Pollution Control) Rev. 5.250% 05/01/11		250,000		250,000
KS Devl. Finance Auth. (Water Pollution Control) Rev. 5.250% 11/01/22		1,000,000		1,051,510
KS Devl. Finance Auth. (Water Pollution Control) 5.000% 11/01/23		1,000,000		1,037,830
*KS Devl. Finance Auth. Rev. (Water Pollution) 5.000% 11/01/28		250,000		259,500
Puerto Rico Electric Power Auth. Power Rev. 5.250% 07/01/26		750,000		781,035
Wamego, KS PCR (Kansas Gas & Electric Project) 5.300% 06/01/31		750,000		757,868
Wichita, KS Water & Sewer Util. Rev. 5.250% 10/01/18		1,465,000		1,572,824
Wichita, KS Water & Sewer Util. Rev. 5.000% 10/01/28		500,000		511,650
Wichita, KS Water & Sewer Rev. 5.000% 10/01/23		100,000		109,213
Wyandotte Cnty/Kansas City, KS Govt Utilitiy Sys Rev. 5.000% 09/01/29		500,000		541,135
				8,377,390
TOTAL MUNICIPAL BONDS (COST: $44,193,170)			$	45,474,303
SHORT-TERM SECURITIES (3.7%)		Shares
Wells Fargo Advantage National Tax-Free Money Market 0.1293% (COST: $1,730,420)		1,730,420	$	1,730,420
TOTAL INVESTMENTS IN SECURITIES (COST: $45,923,590)			$	47,204,723
OTHER ASSETS LESS LIABILITIES				35,452
NET ASSETS			$	47,240,175
* Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases.

KANSAS INSURED INTERMEDIATE FUND
Schedule of Investments April 30, 2010
		Principal Amount		Market Value
MUNICIPAL BONDS (96.6%)
Education (2.7%)
Johnson Cty., KS Community College Student Commons & Parking 5.000% 11/15/19	$	235,000	$	245,645
Washburn Univ. (Living Learning Ctr.) Bldg. Rev. 5.000% 07/01/19		255,000		273,352
				518,997
General Obligation (54.9%)
Butler Cnty., KS USD #402 5.250% 9/1/21		560,000		617,512
*Butler Cnty, KS USD #385 5.000% 09/01/18		500,000		561,335
Cowley Cnty., KS USD #470 4.750% 9/1/2023		100,000		106,678
Cowley Cnty., KS USD #465 (Winfield) 5.250% 10/01/14		140,000		159,186
Crawford Cnty., KS School Distist 5.000% 09/01/20		300,000		336,882
Dickinson Cnty, KS USD #473 4.500% 09/01/22		215,000		232,340
Douglas Cnty, KS USD #491 Eudora Schools 5.500% 9/1/24		250,000		275,660
Douglas Cnty, KS Uni Sch Dist 491 Eudora Sch Bldg 5.000% 09/01/23		375,000		403,747
Douglas County, KS USD #491 Eudora 4.000% 9/1/22		250,000		245,917
Douglas Cnty, KS USD #491 Eudora 5.500% 9/1/29		500,000		543,080
Ford Cnty., KS Sales Tax - Ser A 4.500% 09/01/24		500,000		525,940
Harvey Cty., KS USD #373 (Newton) 4.000% 09/01/18		250,000		259,993
Johnson Cty., KS USD #232 (Desoto) 5.000% 09/01/15		100,000		114,794
Junction City., KS Unlimited GO 4.500% 09/01/23		100,000		103,725
Leavenworth Cnty., KS USD #453 GO Improvement & Refunding 5.250% 03/01/24		200,000		220,012
Leavenworth Cnty., KS USD #453 4.750% 03/01/25		250,000		264,338
Leavenworth Cnty., KS USD #453 4.750% 09/01/25		300,000		316,968
Leavenworth Cnty., KS USD #458 4.500% 09/01/28		250,000		253,513
Leoti, KS USD #467 5.000% 10/01/18		100,000		112,441
Miami Cnty KS USD #416 Louisberg Schools 4.000% 9/1/13		50,000		52,960
Montgomery County, KS USM #445 5.000% 04/01/21		100,000		104,788
Montgomery County, KS USD #446 4.000% 09/01/19		150,000		155,988
Morton Cty., KS USD #217 4.000% 09/01/10		100,000		99,968
Neosho County, KS USD #413 5.000% 9/1/20		345,000		366,487
Newton, KS Unlimited G.O. 5.000% 09/01/21		100,000		111,094
Olathe, Kansas General Obligation 4.000% 10/01/19		100,000		105,302
Park City, KS 5.100% 12/01/20		200,000		221,562
Park City, KS 5.500% 12/01/24		100,000		112,123
Puerto Rico Commonwealth Public Improvement 5.500% 07/01/21		500,000		528,390
Saline Cty., KS USD #305 (Salina) G.O. Ref. 5.500% 09/01/15		190,000		202,130
Sedgwick Cnty KS, USD #262 5.000% 9/1/24		250,000		270,010
Sedgwick Cty., KS UNI School Dist. #262 5.000% 09/01/18		100,000		114,646
Sedgwick Cty., KS USD #265 (Goddard) 4.250% 10/01/20		250,000		257,483
Sedgwick Cty., KS USD #265 (Goddard) 4.500% 10/01/26		250,000		263,543
Sedgwick Cty., KS USD #266 Maize School 5.250% 09/01/20		360,000		408,524
Shawnee Cty., KS USD #437 (Auburn-Washburn) G.O. Ref. 5.000% 09/01/14		485,000		509,517
Wichita, KS GO 4.500% 09/01/22		150,000		159,282
Wichita, KS GO 4.750% 09/01/27		180,000		189,531
Wyandotte Cnty/Kansas Unified Gvt Unltd GO 5.000% 8/1/19		150,000		161,761
Wyandotte Cnty, KS. GO 5.000% 8/1/25		250,000		271,318
Wyandotte Cnty KS USD #203 4.250% 9/1/26		125,000		126,354
Wyandotte Cnty., KS USD #500 G.O. 5.250% 09/01/13		250,000		283,117
				10,729,939
Health Care (5.8%)
*KS Devl. Finance Auth. (Stormont Vail) Hlth. Care Rev. 5.750% 11/15/12		595,000		633,669
Manhattan, KS Hosp. Rev. Mercy Health Center 5.500% 08/15/20		500,000		505,575
				1,139,244
Housing (8.3%)
KS Devl. Finance Auth. (Sec. 8) Rev. Ref. 6.400% 01/01/24		255,000		255,043
*Mission, KS Multifamily Hsg. (Lamar Place) Rev. 5.000% 10/01/14		475,000		475,066
Mission, KS Multifamily Hsg. (Lamar Place) Rev. 5.180% 10/01/23		445,000		445,187
Olathe, KS Multifamily Hsg. (Bristol Pointe) Rev. Ref. 5.250% 11/01/12		310,000		310,003
*Shawnee, KS Multifamily Hsg. (Thomasbrooks Apts.) Rev. 5.250% 10/01/14		140,000		140,046
				1,625,345
Other Revenue (13.5%)
Dodge City KS Sales Tax Rev 4.500% 6/1/28		100,000		100,093
Dodge City, KS Sales Tax Rev 5.000% 06/01/21		310,000		338,653
Dodge City, KS Sales Tax Rev 4.400% 06/01/25		350,000		360,920
KS Devl Fin. Auth. Kansas Projects 5.250% 10/01/22		100,000		107,182
KS Devl. Finance Auth. (KS St. Project) Rev. 5.000% 10/01/17		135,000		143,375
KS Devl. Finance Auth. (KS St. Projects) Rev. 5.000% 10/1/17		115,000		119,680
KS Devl. Finance Auth. Rev. (KS St. Projects) 4.100% 05/01/2019		250,000		261,220
KS Devl. Finance Auth. Rev. (KS St. Projects) 5.250% 11/01/25		100,000		109,592
Lincoln Cnty., KS Public Bldg (Lincoln County Hosp) 5.000% 03/01/28		125,000		137,595
Neosho County, KS Sales Tax Rev 4.000% 10/01/23		500,000		501,015
Sumner Cnty., KS Sales Tax Rev. 5.000% 10/01/14		400,000		453,000
				2,632,325
Prerefunded (4.3%)
*Chisholm Creek Util. Auth. (Bel Aire & Park City, KS Pj.) 5.250% 09/01/16		770,000		834,464
Transportation (1.5%)
KS Turnpike Auth. Rev. 5.000% 09/01/24		200,000		206,496
KS Turnpike Auth. Rev. 5.000% 09/01/25		75,000		77,232
				283,728
Utilities (5.6%)
Burlington, KS PCR (Gas & Elec.) 5.300% 06/01/31		190,000		190,532
Kansas City, KS Util. Syst. Ref. & Impvt. 6.300% 09/01/16		45,000		44,978
Puerto Rico Electric Rev. 5.250% 07/01/25		250,000		263,290
Topeka, KS Utilities Rev 4.250% 08/01/21		150,000		151,740
Wichita, KS Water & Sewer Rev. 5.000% 10/01/23		200,000		218,426
Wyandotte Cnty/Kansas City, KS Govt Utilitiy Sys Rev. 5.000% 09/01/24		200,000		224,450
				1,093,416
TOTAL MUNICIPAL BONDS (COST: $18,337,024)			$	18,857,458
SHORT-TERM SECURITIES (3.0%)		Shares
Wells Fargo Advantage National Tax-Free Money Market 0.1293% (COST: $584,210)		584,210	$	584,210
TOTAL INVESTMENTS IN SECURITIES (COST: $18,921,234)			$	19,441,668
OTHER ASSETS LESS LIABILITIES				84,213
NET ASSETS			$	19,525,881
* Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases.

NEBRASKA MUNICIPAL FUND
Schedule of Investments April 30, 2010
		Principal Amount		Market Value
MUNICIPAL BONDS (97.3%)
Education (19.0%)
Metropolitan Community College South Omaha Bldg. Proj. 4.500% 3/1/26	$	1,000,000	$	1,023,760
NE Educ. Finance Auth. (Wesleyan Univ.) Rev. 5.500% 04/01/27		1,000,000		1,007,070
University of NE Fac. Corp. Deferred Maintenance 5.000% 07/15/20		500,000		537,890
University NE, University Revs. Kearney Studend Fees & Facs. 5.000% 07/01/35		600,000		621,708
Univ. of NE Board of Regents Student Facs. 5.000% 05/15/32		250,000		261,278
Univ. of NE Board of Regents (Heath & Rec. Proj.) 5.000% 05/15/33		600,000		630,720
University NE University Rev. Lincoln Student Fee 4.000% 07/01/24		250,000		253,763
Univ. of NE (U. of NE - Lincoln Student Fees) Rev. 5.125% 07/01/32		250,000		255,788
University of NE University Rev. Lincoln Student Facs. 5.000% 07/01/28		250,000		257,892
University of Puerto Rico 5.000% 06/01/17		1,250,000		1,259,962
				6,109,831
General Obligation (35.1%)
Dawson Cnty, NE SID #1 G.O. Ref (IBP, Inc. Proj.) 5.650% 02/01/22		700,000		609,931
*Dodge Cty., NE SD #001 (Fremont Public Schools) 5.500% 12/15/20		1,000,000		1,032,060
Douglas Cty., NE G.O. 4.750% 12/01/25		250,000		250,870
Douglas Cty., NE SID #397 (Linden Estates II) 5.600% 04/01/23		500,000		500,435
Douglas Cty., NE SD #010 (Elkhorn Pub. Schools) G.O. 4.500% 12/15/23		250,000		252,645
Douglas Cty., NE SD #010 (Elkhorn Public Schools) 4.500% 12/15/26		500,000		508,525
Douglas County, NE School Dist. #59 4.550% 12/15/32		635,000		639,121
Douglas Cnty School Dist #59 Bennington Public Schools 4.000% 12/15/28		250,000		241,690
Hall Cty., NE School Dist. #2 Grand Island 5.000% 12/15/23		500,000		544,635
Knox County School Dist #0583 Verdigre Schools 4.500% 12/15/29		250,000		250,078
Lancaster Cty., NE School Dist. #1 (Lincoln Public Schools) 5.250% 01/15/21		500,000		511,035
Lancaster Cty., NE School Dist. #1 (Lincoln Public Schools) G.O. 5.250% 01/15/22		500,000		524,240
Lancaster Cnty School Dist #160 Norris Schools 4.250% 12/15/2025		400,000		401,984
Lincoln-Lancaster County Neb. Pub. Bldg. Lease Rev. 4.000% 10/15/30		100,000		98,447
Madison County School Di st #2 (Norfolk) 5.000% 12/15/25		1,545,000		1,637,916
Omaha, NE Various Purpose 5.000% 05/01/22		250,000		263,665
Omaha, NE Various Purpose 4.250% 10/15/26		500,000		516,630
Omaha, NE Unlimited GO 5.000% 10/15/25		250,000		277,490
Papillion, NE G.O. 4.350% 12/15/27		250,000		251,787
Sarpy Count School Dist.#27 Papillion-LA Vista GO 5.000% 12/01/28		250,000		265,267
Puerto Rico Commonwealth Public Improvement 5.500% 07/01/21		500,000		528,390
Saunders Cty., NE G.O. 5.000% 11/1/30		250,000		251,430
Saunders Cty., NE G.O. 4.250% 12/15/21		515,000		522,122
Scotts Bluff Cnty NE Sch Dist #32 GO Building Bonds 4.300% 12/15/29		440,000		441,426
				11,321,819
Health Care (14.7%)
Adams Cnty, NE Hosp Auth #1 Hosp Rev (Mary Lanning Memorial Hosp.) 5.300% 12/15/18		250,000		250,107
Adams Cnty, NE Hosp Auth #1 Hosp Rev (Mary Lanning Memorial Hosp.) 5.250% 12/15/33		250,000		239,780
Douglas Cty., NE Hosp. Auth. #001 (Alegent Hlth - Immanuel Med. Ctr.) Rev. 5.250% 09/01/21		250,000		242,367
Douglas Cty., NE Hosp. Auth. #002 (Nebraska Medical Center) 5.000% 11/15/16		250,000		268,620
Douglas Cty., NE (Catholic Health Corp.) Rev. 5.375% 11/15/15		160,000		160,054
Douglas County, NE Hosp. Methodist Health 5.500% 11/01/38		500,000		490,475
Douglas Cty, NE Hosp. Methodist Health 5.500% 11/01/38		250,000		254,500
*Lancaster Cty., NE Hosp. Auth. #1 (BryanLGH Medical Center Project) 4.750% 06/01/21		1,000,000		974,910
Douglas County NE, Hosp. Auth. #1 Immanuel Oblig. Group 5.500% 01/01/30		250,000		248,983
NE Invmt. Finance Auth. (Great Plains Regional Medical Center) Rev. 5.450% 11/15/22		750,000		763,530
Platte Cty., NE Hosp. Auth. No. 1 (Columbus Community Hospital Proj.) Hosp. Rev. 5.650% 05/01/12		100,000		101,012
Platte Cty., NE Hosp. Auth. No. 1 (Columbus Community Hospital Proj.) Hosp. Rev. 6.150% 05/01/30		250,000		252,515
Sarpy Cnty NE Hosp. Auth #1 Immanuel Oblig. Group 5.500% 01/01/30		500,000		497,965
				4,744,818
Housing (0.4%)
NE Invmt. Finance Auth. Multifamily Hsg. Rev. 6.200% 06/01/28		135,000		135,030
Other Revenue (4.0%)
*Omaha, NE (Riverfront Project) Special Obligation 5.500% 02/01/29		1,000,000		1,030,280
Puerto Rico Sales Tax Financing First Sub-SER A 5.000% 08/01/24		250,000		256,307
				1,286,587
Utilities (24.1%)
Cornhusker Public Power Dist. Electric Rev. 4.650% 07/01/29		250,000		252,912
Dawson Cty. Public Power Electric Sys. Rev. 4.750% 12/01/32		250,000		251,540
Fremont, NE Combined Utilities Rev. 5.000% 10/15/21		500,000		510,840
*Lincoln, NE Elec. Syst. Rev. 5.000% 09/01/21		1,000,000		1,041,300
Lincoln, NE San. Swr. Rev. 4.500% 6/15/29		250,000		253,528
Lincoln, NE Water Rev. 5.000% 08/15/22		575,000		594,113
Lincoln, NE Water Rev. 4.000% 08/15/25		250,000		256,965
Lincoln, NE Water Rev. 4.500% 08/15/34		250,000		257,673
Municipal Energy Agy of NE Power Supply Rev. 5.125% 04/01/24		195,000		211,717
Omaha, NE Metropolitan Utility Water Dist. Rev 4.375% 12/01/26		400,000		409,368
Omaha Public Power Electric Rev. 5.250% 02/01/23		250,000		274,698
Omaha, NE Public Power Electric Rev. 5.000% 02/01/34		1,000,000		1,023,260
Omaha, NE Public Power Dist. Elec. Syst. Rev. 6.200% 02/01/17		650,000		767,397
Omaha, NE Public Power Dist. (Electric Rev) 4.750% 02/01/25		250,000		264,938
Omaha, NE Public Power Dist. (Electric Rev) 4.300% 02/01/31		100,000		97,281
Public Power Generation Agy Whelan Energy Rev 5.000% 01/01/32		500,000		508,375
Public Power Generation Agy. Whelan Energy Center 5.000% 01/01/27		250,000		264,893
Puerto Rico Electric Rev. 5.250% 07/01/25		250,000		263,290
Southern Public Power Dist. 5.000% 12/15/23		250,000		267,697
				7,771,785
TOTAL MUNICIPAL BONDS (COST: $30,836,402)			$	31,369,870
SHORT-TERM SECURITIES (0.6%)		Shares
Wells Fargo Advantage National Tax-Free Money Market 0.1293% (COST: $203,358)		203,358	$	203,358
TOTAL INVESTMENTS IN SECURITIES (COST: $31,039,760)			$	31,573,228
OTHER ASSETS LESS LIABILITIES				656,249
NET ASSETS			$	32,229,477
* Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases.

OKLAHOMA MUNICIPAL FUND
Schedule of Investments April 30, 2010
		Principal Amount		Market Value
MUNICIPAL BONDS (97.0%)
Education (34.0%)
Claremore, OK Student Hsg. Rev. (Rogers University) 5.750% 09/01/34	$	500,000	$	423,125
Edmond Economic Dev. Auth., OK Student Housing Rev. 5.375% 12/01/19		200,000		195,210
Edmond Economic Dev. Auth., OK Student Housing Rev. 5.500% 12/01/28		865,000		777,263
McClain Cnty, OK Econ Dev Auth Ed Lease Rev (Purcell Schs) 4.250% 09/01/20		585,000		604,428
OK Agric. & Mech. Colleges (OK St. Univ.) Athletic Facs. 5.000% 08/01/24		150,000		150,075
OK Colleges Board of Regents (NE State Univ. Ctr.) Rev. 5.100% 03/01/16		140,000		140,053
OK Colleges Board of Regents (NE State Univ. Ctr.) Rev. 5.150% 03/01/21		100,000		100,042
OK Board of Regents (Univ. of Central OK) 5.600% 08/01/20		150,000		154,414
OK Board of Regents (Univ. of Central OK) 5.700% 08/01/25		390,000		399,941
Ok Devl. Finance Auth Lease Rev Master St Higher Ed 4.400% 12/1/29		250,000		249,822
OK Devl. Finance Auth. (OK State Syst. Higher Ed.) 4.900% 12/01/22		200,000		206,846
OK Devl. Finance Auth. OK State Higher Ed (Master Lease) 4.500% 06/01/26		250,000		259,877
OK Devl. Finance Auth. (Seminole State College) 5.125% 12/01/27		150,000		155,468
OK Devl. Finance Auth. (Langston Univ. Stadium) 5.000% 07/01/27		250,000		259,755
OK Capital Impvt. Auth. (Higher Ed. Project) Rev. 5.000% 07/01/22		500,000		528,490
OK Capital Impvt. Auth. (Higher Ed. Project) 5.000% 07/01/24		250,000		262,110
*OK Capital Impvt. Auth. (Higher Ed. Project) Rev. 5.000% 07/01/30		1,000,000		1,032,150
Rural Enterprises, OK Inc Okmulgee Student Hsg Proj Ser A 5.625% 12/01/20		140,000		129,381
Rural Enterprises, OK Inc Okmulgee Student Hsg Proj Ser A 5.700% 12/01/25		220,000		194,836
Rural Enterprises, OK Inc Okmulgee Student Hsg Proj 5.750% 12/01/30		250,000		209,553
Rural Enterprises, OK Inc. Student Hsg. (Connors College) 5.550% 11/01/21		250,000		228,223
Rural Enterprises, OK Inc. Student Hsg. (Connors College) 5.650% 11/01/31		375,000		318,780
Rural Enterprises, OK Inc. USAOF Student Housing 5.550% 11/01/21		250,000		224,875
Rural Enterprises, OK Inc. USAOF Student Housing 5.650% 11/01/31		250,000		213,010
Texas Cty., OK Dev. Auth. (OPSU Student Hsg.) 5.250% 11/01/23		250,000		206,548
University of OK Board of Regents (Research Fac.) Rev. 4.800% 03/01/28		670,000		686,033
University of OK Board of Regents (Multi Facs.) Rev. 4.750% 06/01/29		250,000		255,065
OK Board of Regents (Univ. of OK) 4.125% 07/01/26		250,000		253,410
Board of Regents (OK Univ. Science Center) 5.000% 7/1/36		1,000,000		1,044,110
University of OK Board of Regents Student Hsg. Rev. 5.000% 11/01/27		1,000,000		1,017,270
University of OK Student Hsg. (Cameron Univ.) Rev. 5.500% 07/01/23		250,000		269,595
University of Puerto Rico 5.000% 06/01/17		750,000		755,977
				11,905,735
General Obligation (2.5%)
Oklahoma City, OK 4.250% 03/01/22		110,000		113,347
Tulsa, OK General Obligation 4.500% 03/01/23		700,000		733,138
				846,485
Health Care (4.1%)
Norman, OK (Regl. Hospital) Auth. 5.250% 09/01/16		180,000		178,673
OK Devl. Finance Auth. (St. John Health Syst.) Rev. Ref. - Unrefunded 5.750% 02/15/25		125,000		125,057
OK Devl. Finance Auth. (St. John Health Syst.) Rev. Ref. - Unrefunded 6.000% 02/15/29		100,000		100,029
OK Devl. Finance Auth. (St. John Health Syst.) 5.750% 02/15/25		50,000		50,023
OK Devl. Finance Auth. (St. Ann's Retirement Village) Rev. 5.000% 12/01/28		500,000		500,055
Rural Enterprises, OK Inc. OK Govt. Fin. (Cleveland Cty. Hlth.) 5.000% 11/01/21		250,000		260,095
Tulsa County Ind. Auth. Health Fac. 4.600% 02/01/35		250,000		250,128
				1,464,060
Housing (5.1%)
OK Housing Finance Agency Single Family Homeownership 5.250% 09/01/21		60,000		60,156
OK Housing Finance Agency Single Family Homeownership 5.850% 09/01/20		10,000		10,040
*Oklahoma Housing Finance 5.050% 09/01/23		775,000		776,728
Oklahoma Housing Finance 5.150% 09/01/29		390,000		385,414
Oklahoma Housing Finance 5.200% 09/01/32		390,000		381,572
Oklahoma Housing Fin. Agy. Single Family Mtg. Rev 5.100% 03/01/17		85,000		85,811
Oklahoma Housing Fin. Agy. Single Family Mtg. Rev. 5.100% 09/01/17		85,000		86,187
				1,785,908
Other Revenue (17.3%)
Collinsville OK Mun Auth Sales Tax Rev 5.000% 3/1/35		275,000		275,440
Collinsville OK Mun Auth Sales Tax Rev 5.000% 3/1/40		250,000		249,983
Durant, OK Community Fac. Auth. Sales Tax Rev. 5.500% 11/01/19		500,000		538,080
Garfield Cty., Criminal Justice Auth. (Enid, OK) Rev. 4.500% 04/01/18		250,000		252,452
Oklahoma City, OK Public Auth. (OKC Fairgrounds Fac.) 5.500% 10/01/19		250,000		277,382
OK Devl. Finance Auth. (DHS Lease Rev.) Series 2000A 5.600% 03/01/15		280,000		281,305
OK Devl. Finance Auth. (Lease Rev.) Law Enforcement 5.100% 06/01/27		120,000		123,104
OK Devl. Finance Auth. OK Dept. of Corrections (McLoud Fac.) 4.600% 04/01/22		250,000		256,912
OK Devl. Finance Auth. OK Dept. of Corrections (McLoud Fac.) 4.650% 04/01/23		250,000		256,140
OK Capital Impvt. Auth. (Supreme Court Proj.) 4.500% 07/01/26		500,000		512,875
OK Capital Impvt. Auth. (OK St. Bureau of Investigation) 4.375% 07/01/22		100,000		104,332
OK Capital Impvt. Auth. (OK St. Bureau of Investigation) 4.375% 07/01/23		100,000		103,613
OK Capital Impvt. Auth. (OK St. Bureau of Investigation) 4.500% 07/01/24		200,000		209,154
OK State Student Loan Auth. 6.350% 09/01/25		280,000		298,805
*OK State Student Loan Auth. 5.625% 06/01/31		685,000		678,417
OK State Student Loan Auth. 5.300% 12/01/32		450,000		419,081
Pawnee Cnty OK Pub Programs Auth Sales Tax Rev 4.875% 2/1/30		250,000		251,475
Tulsa Cty, OK Indl. Auth. Recreation Facs. 4.700% 09/01/24		500,000		510,675
Tulsa Oklahoma Pub. Facs. Auth. 4.750% 11/15/37		500,000		473,540
				6,072,765
Prerefunded (0.1%)
OK Transportation Auth. Turnpike Sys. Rev. - Prerefunded 5.000% 01/01/21		10,000		10,719
Transportation (6.2%)
Oklahoma City Airport Trust Jr. Lien Refunding Series B. 5.000% 07/01/19		250,000		275,130
Oklahoma City Airport Trust Jr. Lien Refunding Series B 5.000% 07/01/21		250,000		272,010
OK Capital Impvt. Auth. (State Highway) Rev. 5.000% 06/01/14		250,000		279,885
OK Capital Impvt. Auth. (State Highway) Rev. 4.000% 07/01/18		250,000		263,340
OK Transportation Auth. Turnpike Sys. Rev. - Unrefunded 5.000% 01/01/21		90,000		92,950
Tulsa, OK Arpts Impt Tr Gen Rev Ref 5.000% 6/1/19		125,000		125,810
Tulsa, OK Arpts Impt Tr Gen Rev Ref 5.000% 6/1/19		125,000		125,810
Tulsa, OK Arpts Impt Tr Gen Rev Ref 5.750% 6/1/31		500,000		500,370
Tulsa, OK Arpts Impt Tr Gen Rev Ref 6.000% 6/1/23		250,000		247,600
				2,182,905
Utilities (27.7%)
*Drumright, OK Utility Sys. Rev. 4.750% 02/01/36		950,000		936,729
Edmond, OK Pub Wks Auth Util Rev 4.850% 01/01/24		155,000		162,393
Edmond, OK Pub Wks Auth Util Rev 4.750% 07/01/24		250,000		260,520
Edmond, OK Pub Wks Auth Sales Tax & Util Sys Rev 4.750% 07/01/23		200,000		207,104
Jenks Aquarium Auth. Rev. 5.250% 07/01/29		500,000		519,420
McAlester, OK Public Works Auth. 5.100% 02/01/30		100,000		103,436
Midwest City, OK Capital Impvt. 5.375% 09/01/24		500,000		514,980
Oklahoma City, OK Water Utility Trust (Water & Sewer) Rev. 5.000% 07/01/29		425,000		441,643
Oklahoma City, OK Water Utility Rev. 5.000% 07/01/34		250,000		256,168
Oklahoma City, OK Water Utility Trust (Water & Sewer) Rev. 4.000% 07/01/34		250,000		238,962
*OK Municipal Power Auth. Rev. 5.750% 01/01/24		2,230,000		2,530,849
*OK Municipal Power Auth. Power Supply Rev. 4.500% 01/01/47		600,000		558,324
*OK State Water (Loan Program) Rev. 5.100% 09/01/16		40,000		40,015
Okmulgee Public Works Auth. Capital Improvement Rev. 5.125% 08/01/30		750,000		800,678
Okmulgee Public Works Auth. Capital Improvement Rev. 4.800% 10/01/27		500,000		534,480
Puerto Rico Electric Power Auth. Power Rev. 5.250% 07/01/26		500,000		520,690
Sallisaw, OK Mun Auth Util Sys Rev Ref 4.450% 1/1/28		100,000		97,443
Sapulpa Municipal Authority Utility Rev. 5.125% 01/01/32		250,000		256,348
Tulsa Metropolitan Util. Auth. Utility Revs 4.250% 05/01/26		100,000		101,941
Tulsa Metropolitan Util. Auth. Utility Revs 4.500% 05/01/27		610,000		625,848
				9,707,971
TOTAL MUNICIPAL BONDS (COST: $33,793,570)			$	33,976,548
SHORT-TERM SECURITIES (0.3%)		Shares
Wells Fargo Advantage National Tax-Free Money Market 0.1293% (COST: $895,556)		895,556	$	895,556
TOTAL INVESTMENTS IN SECURITIES (COST: $34,689,126)			$	34,872,104
OTHER ASSETS LESS LIABILITIES				170,275
NET ASSETS			$	35,042,379
* Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases.

MAINE MUNICIPAL FUND
Schedule of Investments April 30, 2010
		Principal Amount		Market Value
MUNICIPAL BONDS (98.5%)
Education (12.8%)
Maine Educational Loan Auth. Student Loan Rev. 5.875% 12/01/39	$	250,000	$	276,260
Maine Health & Higher Educ. Facs. Ser A-Bowdoin College 5.125% 07/01/39		465,000		490,184
Maine Health & Higher Edl. Facs. Auth. Rev. 5.000% 07/01/32		30,000		30,448
Maine Health & Higher Edl Facsauth Rev Unrefunded Bal 5.000% 07/01/23		135,000		144,414
University of Maine System Rev. 4.625% 03/01/29		100,000		99,473
University of Maine System Rev. 4.75% 3/1/2037		550,000		557,067
University of Puerto Rico 5.000% 06/01/17		500,000		503,985
				2,101,831
General Obligation (28.5%)
Bangor, ME 4.000% 09/01/24		155,000		161,160
Brewer, ME GO 4.600% 11/01/17		210,000		218,709
Freeport, ME GO 7.250% 09/01/10		20,000		20,454
Gorham, ME Unlimited Tax G.O. 4.300% 02/01/23		155,000		164,303
Gorham, ME Unlimited Tax G.O. 4.350% 02/01/24		155,000		164,151
Gray, ME Unlimited GO 4.000% 10/15/26		280,000		290,119
Gray, ME Unlimited GO 4.000% 10/15/27		280,000		287,851
Lewiston, ME G.O. 5.000% 04/01/22		500,000		528,120
Lewiston, ME G.O. 5.000% 04/01/24		250,000		265,182
Lewiston, ME G.O. 4.50% 1/15/25		200,000		207,752
Maine State (Highway) 5.000% 06/15/11		200,000		210,040
Portland, ME 4.250% 05/01/29		250,000		256,777
City of Portland, ME 4.125% 10/01/29		100,000		100,852
Scarborough, ME G.O. 4.400% 11/01/31		250,000		252,863
Scarborough, ME G.O. 4.400% 11/01/32		480,000		484,435
Maine School Adminstrative Dist #51 Unlimited GO 4.100% 10/15/19		100,000		103,128
Maine School Adminstrative Dist # 51 General Obligation 4.250% 10/15/29		250,000		255,917
Westbrook, ME G.O. 4.250% 10/15/20		180,000		189,301
*Yarmouth, ME 5.000% 11/15/19		500,000		534,885
				4,695,999
Health Care (13.9%)
*Maine Health & Higher Educ. Facs. Auth. (Blue Hill Mem. Hosp) 5.250% 07/01/10		410,000		410,377
Maine Health & Higher Educ. Facs. Auth. 6.000% 10/01/13		195,000		218,613
Maine Health & Higher Educ. Facs. Rev. 5.000% 7/1/22		250,000		267,927
Maine Health & Higher Educ. Auth. (Maine Maritime Academy) 5.000% 07/01/25		340,000		354,865
Maine Health & Higher Ed. Facsauth Rev 5.000% 07/01/39		510,000		515,197
Maine Health & Higher Ed Fac Auth Rev 5.000 % 07/01/20		250,000		276,645
Maine Health & Higher Ed Fac Auth Rev 5.000 % 07/01/40		250,000		250,377
				2,294,001
Housing (3.7%)
Guam Hsg. Corp. Single Family Mtg. 5.750% 09/01/31		10,000		10,280
Maine State Hsg. Auth. 5.000% 11/15/29		350,000		355,750
Maine State Hsg. Auth. 4.700% 11/15/27		250,000		246,760
				612,790
Other Revenue (9.2%)
Maine Governmental Facs. Auth Lease 5.375% 10/01/16		250,000		262,100
Maine Governmental Facs. Auth Lease Rent Rev. 5.000% 10/01/23		125,000		130,852
Maine Municipal Bond Bank (Sewer & Water) Rev. 4.900% 11/01/24		100,000		105,454
*Puerto Rico Public Finance Corp. Commonwealth Appropriations 5.375% 06/01/18		710,000		817,842
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev. 5.000% 08/01/26		200,000		201,402
				1,517,650
Prerefunded (3.1%)
Maine State Turnpike Auth. Rev. 5.750% 07/01/28		500,000		508,495
Transportation (15.7%)
Maine Municipal Bond Bank Transportation Infustructure Rev 5.000% 09/01/24		1,000,000		1,102,050
Maine State Turnpike Auth. 5.000% 07/01/33		450,000		459,391
*Maine ST. Turnpike Auth. Rev. 5.125% 07/01/30		500,000		511,960
Portland, ME Airport Rev 5.000% 07/01/32		500,000		505,560
				2,578,961
Utilities (11.6%)
Kennebunk, ME Power & Light Dist. 5.000% 08/01/22		500,000		540,155
Portland, ME Water District Rev 4.250% 11/01/27		500,000		507,055
Puerto Rico Elec. Power Auth. Power Rev. 5.000% 07/01/23		100,000		100,747
Puerto Rico Electric Power Auth. Power Rev. 5.250% 07/01/26		250,000		260,345
Virgin Islands Water & Power Auth. Elec. Syst. Rev. 5.300% 07/01/21		500,000		500,920
				1,909,222
TOTAL MUNICIPAL BONDS (COST: $15,778,953)			$	16,218,949
SHORT-TERM SECURITIES (0.6%)		Shares
Wells Fargo Advantage National Tax-Free Money Market 0.1293% (COST: $94,408)		94,408	$	94,408
TOTAL INVESTMENTS IN SECURITIES (COST: $15,873,361)			$	16,313,357
OTHER ASSETS LESS LIABILITIES				156,486
NET ASSETS			$	16,469,843
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases.

NEW HAMPSHIRE MUNICIPAL FUND
Schedule of Investments April 30, 2010
		Principal Amount		Market Value
MUNICIPAL BONDS (97.9%)
Education (6.3%)
New Hampshire Hlth. & Educ. Facs. Auth. (Univ. Sys. of NH) 5.500% 07/01/13	$	95,000	$	101,398
University of Puerto Rico 5.000% 06/01/17		150,000		151,195
				252,593
General Obligation (47.6%)
Concord, NH G.O. 4.600% 10/15/14		100,000		105,130
*Derry, NH 4.800% 02/01/18		115,000		118,993
Gorham, NH G.O. 4.850% 04/01/14		65,000		65,339
*Hampton, NH G.O. 4.000% 12/15/20		200,000		205,350
Hillsborough, NH G.O. 4.000% 11/01/20		100,000		104,210
Hillsborough, NH G.O. 4.000% 11/01/21		100,000		103,747
Merrimack Cty., NH G.O. 4.250% 12/01/19		100,000		108,508
Merrimack Cty., NH G.O. 4.500% 12/01/27		100,000		105,335
New Hampshire Muni Bond Bank 2009 Series D 4.000% 07/15/25		175,000		183,141
*New Hampshire State Capital Improvement G.O. 5.000% 04/15/13		250,000		277,030
New Hampshire State Capital Improvement G.O. 4.750% 03/01/27		100,000		107,033
Portsmouth, NH G.O. 4.000% 08/01/19		100,000		105,032
*Rochester, NH G.O. 4.750% 07/15/20		300,000		319,572
				1,908,420
Health Care (18.3%)
New Hampshire Hlth. & Educ. Facs. Auth. (Exeter) 5.100% 10/01/10		100,000		101,681
New Hampshire Hlth. & Educ. Facs. Auth. (Exeter) 5.200% 10/01/11		60,000		62,927
*New Hampshire Hlth. & Educ. Facs. Auth. (Exeter) 5.500% 10/01/15		120,000		125,155
New Hampshire Hlth. & Educ. Facs. Auth. (Exeter) 5.625% 10/01/16		20,000		20,901
New Hampshire Health & Ed. Conway Hosp. 5.250% 6/1/16		100,000		101,424
New Hampshire Health & Ed. Facs. Auth Rev. Healthcare Sys-Covenant Hlth-B 5.000% 7/1/24		100,000		102,189
NH Health & Educ. Facs Auth Rev Dartmouth-Hitchcock 6.000% 08/01/33		115,000		118,702
New Hampshire Health & Educ Concord Hosp. 5.875% 10/01/16		100,000		100,085
				733,064
Housing (8.9%)
Guam Hsg. Corp. Single Family Mtg. 5.750% 09/01/31		10,000		10,277
New Hampshire State Hsg. Single Fam. Rev. 4.900% 7/1/25		100,000		97,914
New Hampshire State Hsg. Finance Auth. Single Family Mtg. Rev. 5.350% 07/01/40		100,000		99,399
New Hampshire State Hsg Finance Auth. Single Family Mtg. Rev. 4.625% 07/01/25		150,000		148,325
				355,915
Other Revenue (3.8%)
Puerto Rico Sales Tax Financing First Sub-SER A 5.000% 08/01/24		150,000		153,785
Transportation (2.6%)
New Hampshire State Turnpike System 5.125% 10/01/19		100,000		104,203
Utilities (10.4%)
Manchester, NH Water Rev. 5.000% 12/01/28		100,000		103,283
*Manchester, NH Water Works Rev. 5.000% 12/01/34		250,000		257,445
Puerto Rico Elec. Power Auth. Power Rev. 5.000% 07/01/23		55,000		55,411
				416,139
TOTAL MUNICIPAL BONDS (COST: $3,804,151)			$	3,924,119
SHORT-TERM SECURITIES (1.3%)		Shares
Wells Fargo Advantage National Tax-Free Money Market 0.1293% (Cost: $52,559)		52,559	$	52,559
TOTAL INVESTMENTS IN SECURITIES (COST: $3,856,710)			$	3,976,678
OTHER ASSETS MINUS LIABILITIES				32,288
NET ASSETS			$	4,008,966
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases.

NOTE: INVESTMENT IN SECURITIES
At April 30, 2010, the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows:
	Kansas Municipal Fund	Kansas Insured Intermediate Fund	Nebraska Municipal Fund	Oklahoma Municipal Fund	Maine Municipal Fund	New Hampshire Municipal Fund
Investments at cost	$45,923,590	$18,921,234	$31,049,760	$34,689,126	$15,873,361	$3,856,710
Unrealized appreciation	$1,314,051	$562,018	$714,634	$727,318	$471,641	$123,619
Unrealized depreciation	$32,918	$41,584	$181,166	$544,340	$31,645	$3,651
Net unrealized appreciation (depreciation)*	$1,281,133	$520,434	$533,468	$182,978	$439,996	$119,968
*Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of wash sales and market discount.

NOTE: FAIR VALUE MEASUREMENTS
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, 2010:
Kansas Municipal Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$1,730,420	$0	$0	$1,730,420
Municipal Bonds	0	45,474,303	0	45,474,303
Total	$1,730,420	$45,474,303	$0	$47,204,723
Kansas Insured Intermediate Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$584,210	$0	$0	$584,210
Municipal Bonds	0	18,857,458	0	18,857,458
Total	$584,210	$18,857,458	$0	$19,441,668
Nebraska Municipal Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$208,358	$0	$0	$208,358
Municipal Bonds	0	31,369,870	0	31,369,870
Total	$208,358	$31,369,870	$0	$31,578,228
Oklahoma Municipal Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$895,556	$0	$0	$895,556
Municipal Bonds	0	33,976,548	0	33,976,548
Total	$895,556	$33,976,548	$0	$34,872,104
Maine Municipal Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$94,408	$0	$0	$94,408
Municipal Bonds	0	16,218,949	0	16,218,949
Total	$94,408	$16,218,949	$0	$16,313,357
New Hampshire Municipal Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$52,559	$0	$0	$52,559
Municipal Bonds	0	3,924,119	0	3,924,119
Total	$52,559	$3,924,119	$0	$3,976,678

Item 2. CONTROLS AND PROCEDURES.

(a)

The certifying officers, whose certifications are included herewith, have evaluated the registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this Form N-Q (the "Report"). The registrant's principal executive officer and principal financial officer believe that the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are adequately designed to ensure that material information relating to the registrant is made known to them by others, particularly during the period in which this report is being prepared, so that there is time to allow for decisions regarding required disclosure. Further, in their opinion, the registrant's disclosure controls and procedures are adequately designed, and are operating effectively, to ensure that information required to be disclosed by the registrant in the Report is recorded, processed, summarized and reported by the filing date.

(b)

There were no significant changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant's most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. EXHIBITS.

(a) (1) Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 is filed and attached hereto.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Integrity Managed Portfolios

By: /s/ Shannon D. Radke
Shannon D. Radke
President

June 28, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ Shannon D. Radke
Shannon D. Radke
President

June 28, 2010

By: /s/ Adam Forthun
Adam Forthun
Treasurer

June 28, 2010