Item 1. SCHEDULE OF INVESTMENTS
|
KANSAS MUNICIPAL FUND |
||||
|
Schedule of Investments April 30, 2020 (unaudited) |
||||
|
Principal |
Fair |
|||
|
|
Amount |
|
Value |
|
|
MUNICIPAL BONDS (94.9%) |
||||
|
|
||||
|
Education (2.6%) |
||||
|
Johnson County Community College Foundation Inc 4.000% 11/15/2023 |
$ |
870,000 |
$ |
955,556 |
|
Kansas Development Finance Authority 5.000% 06/01/2027 |
250,000 |
260,752 |
||
|
Kansas Development Finance Authority 3.000% 10/01/2044 |
500,000 |
479,165 |
||
|
|
1,695,473 |
|||
|
General Obligation (36.5%) |
||||
|
*Allen County Unified School District No 257 3.000% 09/01/2038 |
1,000,000 |
1,007,820 |
||
|
City of Bonner Springs KS 3.000% 09/01/2044 |
1,060,000 |
1,094,249 |
||
|
City of Bonner Springs KS 2.000% 09/01/2040 |
325,000 |
280,592 |
||
|
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2027 |
250,000 |
286,065 |
||
|
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2028 |
250,000 |
288,602 |
||
|
City of Burlingame KS 3.000% 09/01/2045 |
365,000 |
353,203 |
||
|
County of Clay KS 4.000% 10/01/2036 |
500,000 |
533,415 |
||
|
Douglas County Unified School District No 348 Baldwin City 4.000% 09/01/2030 |
250,000 |
279,793 |
||
|
Geary County Unified School District No 475 4.000% 09/01/2033 |
350,000 |
384,941 |
||
|
Greenwood County Unified School District No 389 Eureka 4.000% 09/01/2021 |
150,000 |
155,210 |
||
|
City of Hillsboro KS 3.000% 09/01/2024 |
100,000 |
101,094 |
||
|
City of Hillsboro KS 3.000% 09/01/2027 |
225,000 |
225,594 |
||
|
City of Hillsboro KS 3.000% 09/01/2028 |
230,000 |
231,670 |
||
|
City of Hillsboro KS 3.000% 09/01/2029 |
240,000 |
240,127 |
||
|
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2039 |
2,000,000 |
2,405,900 |
||
|
Johnson County Unified School District No 231 Gardner Edgerton 5.000% 10/01/2025 |
250,000 |
284,185 |
||
|
City of Junction City KS 5.000% 09/01/2025 |
5,000 |
5,029 |
||
|
Leavenworth County Unified School District No 453 4.000% 09/01/2037 |
650,000 |
711,035 |
||
|
Leavenworth County Unified School District No 464 4.000% 09/01/2031 |
500,000 |
554,320 |
||
|
County of Linn KS 3.000% 07/01/2036 |
1,100,000 |
1,132,934 |
||
|
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2039 |
750,000 |
814,298 |
||
|
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2048 |
1,000,000 |
1,030,540 |
||
|
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 |
10,000 |
10,564 |
||
|
Neosho County Unified School District No 413 4.000% 09/01/2031 |
250,000 |
266,413 |
||
|
Rice County Unified School District No 444 4.000% 09/01/2031 |
710,000 |
815,989 |
||
|
Riley County Unified School District No 378 Riley 4.000% 09/01/2028 |
680,000 |
787,760 |
||
|
Riley County Unified School District No 383 Manhattan Ogden 4.000% 09/01/2039 |
1,000,000 |
1,099,700 |
||
|
County of Scott KS 5.000% 04/01/2032 |
500,000 |
586,960 |
||
|
Sedgwick County Unified School District No 261 Haysville 5.000% 11/01/2021 |
5,000 |
5,017 |
||
|
Sedgwick County Unified School District No 262 Valley Center 5.000% 09/01/2035 |
405,000 |
456,228 |
||
|
County of Seward KS 5.000% 08/01/2034 |
240,000 |
242,378 |
||
|
Seward County Unified School District No 480 Liberal 5.000% 09/01/2034 |
500,000 |
548,210 |
||
|
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 |
85,000 |
92,698 |
||
|
City of South Hutchinson KS 4.000% 10/01/2038 |
355,000 |
366,857 |
||
|
County of Thomas KS 3.000% 12/01/2047 |
1,000,000 |
1,001,980 |
||
|
City of Topeka KS 3.000% 08/15/2020 |
500,000 |
502,810 |
||
|
City of Topeka KS 3.000% 08/15/2021 |
1,000,000 |
1,025,440 |
||
|
City of Topeka KS 3.000% 08/15/2022 |
500,000 |
521,780 |
||
|
City of Wichita KS 4.500% 09/01/2022 |
150,000 |
150,959 |
||
|
City of Wichita KS 4.750% 09/01/2027 |
180,000 |
181,028 |
||
|
Wyandotte County Kansas City Unified Government 2.250% 08/01/2038 |
1,000,000 |
950,760 |
||
|
Wyandotte County Kansas City Unified Government 2.375% 08/01/2040 |
1,000,000 |
943,520 |
||
|
Wyandotte County Unified School District No 500 Kansas City 5.000% 09/01/2026 |
1,000,000 |
1,210,760 |
||
|
|
24,168,427 |
|||
|
Health Care (16.1%) |
||||
|
Ashland Public Building Commission 5.000% 09/01/2030 |
1,020,000 |
1,085,249 |
||
|
Ashland Public Building Commission 5.000% 09/01/2035 |
500,000 |
523,985 |
||
|
Ashland Public Building Commission 5.000% 09/01/2032 |
550,000 |
589,985 |
||
|
Kansas Development Finance Authority 4.125% 11/15/2027 |
100,000 |
106,694 |
||
|
City of Lawrence KS 5.000% 07/01/2043 |
1,500,000 |
1,741,410 |
||
|
City of Manhattan KS 5.000% 11/15/2023 |
250,000 |
274,307 |
||
|
City of Manhattan KS 5.000% 11/15/2024 |
250,000 |
274,017 |
||
|
City of Manhattan KS 5.000% 11/15/2029 |
500,000 |
542,060 |
||
|
City of Olathe KS 4.000% 09/01/2028 |
250,000 |
258,120 |
||
|
City of Olathe KS 4.000% 09/01/2030 |
295,000 |
303,708 |
||
|
University of Kansas Hospital Authority 4.000% 09/01/2040 |
500,000 |
525,895 |
||
|
University of Kansas Hospital Authority 5.000% 09/01/2035 |
500,000 |
567,320 |
||
|
University of Kansas Hospital Authority 4.000% 09/01/2048 |
1,000,000 |
1,068,800 |
||
|
University of Kansas Hospital Authority 5.000% 09/01/2048 |
2,000,000 |
2,346,800 |
||
|
University of Kansas Hospital Authority 3.000% 03/01/2041 |
500,000 |
478,720 |
||
|
|
10,687,070 |
|||
|
Other Revenue (9.2%) |
||||
|
Dickson County Public Building Commission 4.000% 08/01/2038 |
750,000 |
831,030 |
||
|
Johnson County Public Building Commission 4.000% 09/01/2022 |
405,000 |
432,981 |
||
|
Kansas Development Finance Authority 4.125% 05/01/2031 |
500,000 |
500,040 |
||
|
Kansas Development Finance Authority 3.000% 11/01/2033 |
1,000,000 |
1,031,580 |
||
|
City of Manhattan KS 5.000% 12/01/2026 |
355,000 |
355,554 |
||
|
City of Manhattan KS 4.500% 12/01/2025 |
500,000 |
509,775 |
||
|
*City of Manhattan KS 5.000% 12/01/2032 |
1,000,000 |
1,020,870 |
||
|
Topeka Public Building Commission 5.000% 06/01/2022 |
255,000 |
257,583 |
||
|
Washington County Public Building Commission 4.000% 09/01/2028 |
100,000 |
106,064 |
||
|
City of Wichita KS 4.000% 09/01/2038 |
1,000,000 |
1,076,060 |
||
|
|
6,121,537 |
|||
|
PreRefunded (16.9%) |
||||
|
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2029 |
250,000 |
289,787 |
||
|
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2030 |
250,000 |
289,787 |
||
|
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2031 |
500,000 |
579,575 |
||
|
*Franklin County Unified School District No 290 Ottawa 5.000% 09/01/2040 |
3,000,000 |
3,534,180 |
||
|
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 |
135,000 |
147,897 |
||
|
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 |
140,000 |
153,374 |
||
|
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 |
115,000 |
125,958 |
||
|
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 |
110,000 |
120,482 |
||
|
Kansas Power Pool 4.500% 12/01/2028 |
500,000 |
509,485 |
||
|
Kansas Power Pool 5.000% 12/01/2031 |
750,000 |
767,798 |
||
|
Leavenworth County Unified School District No 458 5.000% 09/01/2029 |
500,000 |
564,570 |
||
|
Leavenworth County Unified School District No 469 4.000% 09/01/2030 |
320,000 |
340,957 |
||
|
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 |
135,000 |
142,439 |
||
|
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 |
105,000 |
110,799 |
||
|
City of Olathe KS 4.000% 09/01/2030 |
150,000 |
155,909 |
||
|
County of Seward KS 5.000% 08/01/2034 |
260,000 |
262,803 |
||
|
Seward County Unified School District No 480 Liberal 4.250% 09/01/2039 |
500,000 |
534,420 |
||
|
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 |
85,000 |
92,706 |
||
|
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 |
330,000 |
359,997 |
||
|
Washington County Public Building Commission 5.000% 09/01/2032 |
500,000 |
547,275 |
||
|
Washington County Public Building Commission 5.000% 09/01/2037 |
400,000 |
436,848 |
||
|
Washington County Public Building Commission 4.000% 09/01/2028 |
500,000 |
535,025 |
||
|
City of Wichita KS 5.000% 11/15/2029 |
300,000 |
317,814 |
||
|
Wyandotte County Unified School District No 202 Turner 5.000% 09/01/2025 |
250,000 |
281,758 |
||
|
|
11,201,643 |
|||
|
Transportation (1.3%) |
||||
|
State of Kansas Department of Transportation 5.000% 09/01/2033 |
500,000 |
582,795 |
||
|
State of Kansas Department of Transportation 5.000% 09/01/2035 |
250,000 |
290,475 |
||
|
|
873,270 |
|||
|
Utilities (12.3%) |
||||
|
*Kansas Municipal Energy Agency 5.750% 07/01/2038 |
1,000,000 |
1,111,050 |
||
|
Kansas Municipal Energy Agency 5.000% 04/01/2030 |
250,000 |
291,767 |
||
|
Kansas Municipal Energy Agency 5.000% 04/01/2032 |
500,000 |
575,465 |
||
|
Kansas Municipal Energy Agency 5.000% 04/01/2033 |
745,000 |
852,593 |
||
|
Kansas Municipal Energy Agency 5.000% 04/01/2038 |
1,000,000 |
1,128,130 |
||
|
Kansas Municipal Energy Agency 5.000% 04/01/2035 |
300,000 |
341,286 |
||
|
Kansas Power Pool 4.000% 12/01/2031 |
500,000 |
538,000 |
||
|
City of Topeka KS Combined Utility Revenue 4.000% 08/01/2023 |
500,000 |
545,905 |
||
|
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2036 |
250,000 |
260,870 |
||
|
*Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2032 |
1,250,000 |
1,347,437 |
||
|
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2035 |
500,000 |
568,665 |
||
|
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2028 |
500,000 |
600,250 |
||
|
|
8,161,418 |
|||
|
|
||||
|
TOTAL MUNICIPAL BONDS (COST: $60,603,669) |
$ |
62,908,838 |
||
|
|
||||
|
OTHER ASSETS LESS LIABILITIES (5.1%) |
$ |
3,396,886 |
||
|
|
||||
|
NET ASSETS (100.0%) |
$ |
66,305,724 |
||
|
|
||||
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
|
|
||||
|
MAINE MUNICIPAL FUND |
||||
|
Schedule of Investments April 30, 2020 (unaudited) |
||||
|
Principal |
Fair |
|||
|
|
Amount |
|
Value |
|
|
MUNICIPAL BONDS (94.3%) |
||||
|
|
||||
|
Education (9.6%) |
||||
|
Maine Educational Loan Authority 4.450% 12/01/2025 |
$ |
100,000 |
$ |
101,748 |
|
Maine Health & Higher Educational Facilities Authority 4.750% 07/01/2031 |
250,000 |
259,545 |
||
|
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2026 |
940,000 |
1,096,529 |
||
|
|
1,457,822 |
|||
|
General Obligation (24.7%) |
||||
|
City of Auburn ME 4.500% 09/01/2022 |
100,000 |
108,246 |
||
|
City of Biddeford ME 4.000% 10/01/2026 |
250,000 |
291,648 |
||
|
Town of Brunswick ME 2.500% 11/01/2041 |
500,000 |
468,925 |
||
|
City of Lewiston ME 2.750% 03/15/2038 |
100,000 |
98,674 |
||
|
City of Lewiston ME 2.750% 03/15/2039 |
250,000 |
249,083 |
||
|
City of Lewiston ME 2.750% 03/15/2040 |
250,000 |
249,045 |
||
|
State of Maine 4.000% 06/01/2020 |
150,000 |
150,401 |
||
|
City of Portland ME 4.250% 05/01/2029 |
150,000 |
150,548 |
||
|
City of Portland ME 4.125% 10/01/2029 |
100,000 |
100,674 |
||
|
City of Portland ME 5.000% 08/01/2021 |
125,000 |
132,181 |
||
|
City of Portland ME 5.000% 08/01/2022 |
125,000 |
132,230 |
||
|
Regional School Unit No 26 3.000% 09/01/2044 |
475,000 |
482,092 |
||
|
City of Saco ME 4.000% 04/01/2028 |
100,000 |
100,072 |
||
|
Town of Scarborough ME 4.000% 11/01/2028 |
100,000 |
109,090 |
||
|
Maine School Administrative District No 51 4.000% 10/15/2029 |
100,000 |
111,077 |
||
|
*Maine School Administrative District No 28 4.000% 05/01/2036 |
500,000 |
556,005 |
||
|
City of Waterville ME 4.000% 07/01/2025 |
135,000 |
140,250 |
||
|
Wells Ogunquit Community School District 4.000% 11/01/2024 |
100,000 |
109,928 |
||
|
|
3,740,169 |
|||
|
Health Care (22.3%) |
||||
|
Maine Health & Higher Educational Facilities Authority 4.500% 07/01/2031 |
190,000 |
190,965 |
||
|
Maine Health & Higher Educational Facilities Authority 5.250% 07/01/2023 |
190,000 |
191,493 |
||
|
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2020 |
250,000 |
251,780 |
||
|
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2040 |
250,000 |
251,458 |
||
|
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2029 |
1,000,000 |
1,127,730 |
||
|
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2030 |
500,000 |
566,195 |
||
|
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2031 |
500,000 |
560,265 |
||
|
Maine Health & Higher Educational Facilities Authority 3.000% 07/01/2039 |
250,000 |
244,743 |
||
|
|
3,384,629 |
|||
|
Housing (12.9%) |
||||
|
Maine State Housing Authority 4.000% 11/15/2035 |
435,000 |
454,671 |
||
|
Maine State Housing Authority 3.000% 11/15/2036 |
400,000 |
406,892 |
||
|
*Maine State Housing Authority 4.000% 11/15/2044 |
500,000 |
533,075 |
||
|
Maine State Housing Authority 3.350% 11/15/2044 |
155,000 |
157,347 |
||
|
Maine State Housing Authority 2.500% 11/15/2045 |
165,000 |
158,753 |
||
|
Maine State Housing Authority 5.000% 06/15/2024 |
250,000 |
251,465 |
||
|
|
1,962,203 |
|||
|
Other Revenue (4.0%) |
||||
|
Maine Governmental Facilities Authority 4.000% 10/01/2024 |
200,000 |
207,990 |
||
|
Maine Municipal Bond Bank 4.000% 11/01/2038 |
125,000 |
130,077 |
||
|
Maine Municipal Bond Bank 5.000% 11/01/2025 |
125,000 |
138,130 |
||
|
Maine Municipal Bond Bank 5.000% 11/01/2027 |
100,000 |
116,679 |
||
|
Maine Municipal Bond Bank 4.900% 11/01/2024 |
5,000 |
5,058 |
||
|
|
597,934 |
|||
|
PreRefunded (11.4%) |
||||
|
Town of Gorham ME 4.000% 10/01/2023 |
100,000 |
101,464 |
||
|
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2020 |
50,000 |
50,359 |
||
|
Maine Health & Higher Educational Facilities Authority 4.500% 07/01/2031 |
10,000 |
10,063 |
||
|
Maine Health & Higher Educational Facilities Authority 5.250% 07/01/2023 |
10,000 |
10,076 |
||
|
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2039 |
750,000 |
860,602 |
||
|
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2034 |
250,000 |
289,400 |
||
|
Maine Health & Higher Educational Facilities Authority 4.000% 07/01/2024 |
270,000 |
287,396 |
||
|
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2023 |
15,000 |
16,932 |
||
|
Regional School Unit No 1 Lower Kennebec Region School Unit 5.000% 02/01/2026 |
100,000 |
102,983 |
||
|
|
1,729,275 |
|||
|
Transportation (3.9%) |
||||
|
Maine Turnpike Authority 4.000% 07/01/2032 |
250,000 |
267,635 |
||
|
City of Portland ME General Airport Revenue 5.000% 07/01/2022 |
100,000 |
108,546 |
||
|
City of Portland ME General Airport Revenue 5.000% 07/01/2023 |
100,000 |
111,092 |
||
|
City of Portland ME General Airport Revenue 5.000% 07/01/2024 |
100,000 |
110,813 |
||
|
|
598,086 |
|||
|
Utilities (5.5%) |
||||
|
Kennebunk Light & Power District 5.000% 08/01/2022 |
315,000 |
316,584 |
||
|
Portland Water District 3.000% 11/01/2039 |
500,000 |
|
519,305 |
|
|
|
835,889 |
|||
|
|
||||
|
TOTAL MUNICIPAL BONDS (COST: $13,866,367) |
$ |
14,306,007 |
||
|
|
||||
|
OTHER ASSETS LESS LIABILITIES (5.7%) |
$ |
866,840 |
||
|
|
||||
|
NET ASSETS (100.0%) |
$ |
15,172,847 |
||
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
|
|
||||
|
NEBRASKA MUNICIPAL FUND |
||||
|
Schedule of Investments April 30, 2020 (unaudited) |
||||
|
Principal |
Fair |
|||
|
|
Amount |
|
Value |
|
|
MUNICIPAL BONDS (97.6%) |
||||
|
|
||||
|
Education (0.5%) |
||||
|
Nebraska Educational Health & Social Services Finance Authority 5.050% 09/01/2030 |
$ |
250,000 |
$ |
262,795 |
|
|
||||
|
General Obligation (35.0%) |
||||
|
Kearney School District 3.000% 12/15/2024 |
350,000 |
375,806 |
||
|
Plattsmouth School District 3.000% 12/15/2039 |
1,000,000 |
1,001,480 |
||
|
Ponca Public Schools 3.000% 12/15/2026 |
355,000 |
377,511 |
||
|
Fremont School District 1.100% 12/15/2020 |
100,000 |
100,049 |
||
|
*Omaha School District 5.000% 12/15/2029 |
1,630,000 |
1,998,853 |
||
|
Omaha School District 3.000% 12/15/2042 |
1,000,000 |
1,007,930 |
||
|
Elkhorn School District 4.000% 12/15/2034 |
300,000 |
327,795 |
||
|
Elkhorn School District 4.000% 12/15/2030 |
500,000 |
564,110 |
||
|
Elkhorn School District 4.000% 12/15/2034 |
500,000 |
566,670 |
||
|
Elkhorn School District 4.000% 12/15/2037 |
300,000 |
339,510 |
||
|
Elkhorn School District 5.000% 06/15/2022 |
475,000 |
514,126 |
||
|
Douglas County School District No 59/NE 3.500% 06/15/2043 |
500,000 |
510,715 |
||
|
Westside Community Schools 5.000% 12/01/2038 |
235,000 |
261,781 |
||
|
Westside Community Schools 5.000% 12/01/2039 |
250,000 |
277,985 |
||
|
Hall County Airport Authority 5.000% 07/15/2030 |
410,000 |
430,750 |
||
|
Hall County Airport Authority 5.000% 07/15/2031 |
435,000 |
453,066 |
||
|
County of Kearney NE 4.000% 06/01/2024 |
350,000 |
385,620 |
||
|
Knox County School District N0 576 4.000% 12/15/2038 |
590,000 |
623,388 |
||
|
Lancaster County School District 001 5.000% 01/15/2023 |
750,000 |
829,688 |
||
|
City of Lincoln NE 3.000% 12/01/2039 |
685,000 |
700,145 |
||
|
Superior Public Schools 1.450% 12/15/2022 |
340,000 |
341,904 |
||
|
City of Omaha NE 4.000% 04/15/2037 |
500,000 |
570,300 |
||
|
City of Omaha NE 5.000% 04/15/2027 |
955,000 |
1,164,527 |
||
|
City of Omaha NE 5.000% 04/15/2028 |
500,000 |
605,855 |
||
|
City of Omaha NE 3.750% 01/15/2038 |
500,000 |
531,740 |
||
|
Polk County School District No 19 3.000% 06/15/2039 |
455,000 |
459,209 |
||
|
Gretna Public Schools 5.000% 12/15/2035 |
250,000 |
289,060 |
||
|
Sarpy County School District No 1 3.500% 12/15/2035 |
250,000 |
262,917 |
||
|
Scotts Bluff County School District No 32 5.000% 12/01/2031 |
250,000 |
292,992 |
||
|
City of Sidney NE 4.000% 12/15/2036 |
1,250,000 |
1,290,412 |
||
|
|
17,455,894 |
|||
|
Health Care (3.8%) |
||||
|
Douglas County Hospital Authority No 2 5.000% 05/15/2027 |
200,000 |
239,854 |
||
|
Madison County Hospital Authority No 1 5.000% 07/01/2031 |
500,000 |
549,285 |
||
|
Madison County Hospital Authority No 1 5.000% 07/01/2032 |
335,000 |
366,339 |
||
|
Madison County Hospital Authority No 1 5.000% 07/01/2033 |
450,000 |
489,780 |
||
|
Madison County Hospital Authority No 1 5.000% 07/01/2034 |
215,000 |
234,275 |
||
|
|
1,879,533 |
|||
|
Housing (4.0%) |
||||
|
Nebraska Investment Finance Authority 3.850% 03/01/2038 |
515,000 |
528,478 |
||
|
Nebraska Investment Finance Authority 3.450% 09/01/2033 |
420,000 |
447,649 |
||
|
Nebraska Investment Finance Authority 3.750% 09/01/2038 |
1,000,000 |
1,047,900 |
||
|
|
2,024,027 |
|||
|
Other Revenue (0.9%) |
||||
|
Papillion Municipal Facilities Corp 3.000% 12/15/2034 |
435,000 |
|
444,292 |
|
|
|
||||
|
PreRefunded (25.1%) |
||||
|
County of Douglas NE 5.500% 07/01/2030 |
350,000 |
352,775 |
||
|
*County of Douglas NE 5.875% 07/01/2040 |
1,500,000 |
1,512,810 |
||
|
Grand Island Public Schools 5.000% 12/15/2033 |
500,000 |
586,270 |
||
|
Grand Island Public Schools 5.000% 12/15/2039 |
500,000 |
586,270 |
||
|
Lincoln County Hospital Authority No 1 5.000% 11/01/2023 |
250,000 |
264,452 |
||
|
Lincoln County Hospital Authority No 1 5.000% 11/01/2024 |
250,000 |
264,452 |
||
|
Lincoln County Hospital Authority No 1 5.000% 11/01/2025 |
250,000 |
264,452 |
||
|
Lincoln County Hospital Authority No 1 5.000% 11/01/2032 |
250,000 |
264,452 |
||
|
*City of Lincoln NE Electric System Revenue 5.000% 09/01/2037 |
1,000,000 |
1,084,120 |
||
|
City of Lincoln NE 5.500% 08/15/2031 |
500,000 |
517,530 |
||
|
West Haymarket Joint Public Agency 5.000% 12/15/2042 |
750,000 |
799,455 |
||
|
*City of Omaha NE 5.000% 02/01/2027 |
1,000,000 |
1,072,300 |
||
|
Papio Missouri River Natural Resource District 4.000% 12/15/2030 |
1,000,000 |
1,003,760 |
||
|
University of Nebraska 5.000% 07/01/2035 |
1,500,000 |
1,759,200 |
||
|
University of Nebraska 5.000% 05/15/2035 |
500,000 |
590,720 |
||
|
University of Nebraska 5.000% 05/15/2033 |
250,000 |
296,390 |
||
|
University of Nebraska 5.000% 07/01/2042 |
1,000,000 |
1,060,770 |
||
|
University of Nebraska 5.000% 07/01/2038 |
250,000 |
270,785 |
||
|
|
12,550,963 |
|||
|
Transportation (3.5%) |
||||
|
Omaha Airport Authority 5.000% 12/15/2027 |
500,000 |
589,360 |
||
|
Omaha Airport Authority 5.000% 12/15/2036 |
1,000,000 |
1,145,330 |
||
|
|
1,734,690 |
|||
|
Utilities (24.8%) |
||||
|
*Central Plains Energy Project 5.000% 09/01/2027 |
2,000,000 |
2,115,820 |
||
|
Central Plains Energy Project 5.250% 09/01/2037 |
500,000 |
536,495 |
||
|
Central Plains Energy Project 5.000% 09/01/2042 |
500,000 |
529,775 |
||
|
City of Columbus NE Combined Revenue 4.000% 12/15/2032 |
100,000 |
111,397 |
||
|
City of Grand Island NE Sewer System Revenue 5.000% 09/15/2026 |
250,000 |
282,980 |
||
|
City of Hastings NE Combined Utility Revenue 4.000% 10/15/2032 |
500,000 |
526,640 |
||
|
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2025 |
275,000 |
303,077 |
||
|
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2027 |
400,000 |
438,268 |
||
|
Metropolitan Utilities District of Omaha 4.000% 12/15/2026 |
250,000 |
269,135 |
||
|
Municipal Energy Agency of Nebraska 5.000% 04/01/2030 |
500,000 |
536,705 |
||
|
Municipal Energy Agency of Nebraska 5.000% 04/01/2032 |
100,000 |
106,776 |
||
|
Nebraska Public Power District 5.000% 01/01/2041 |
250,000 |
286,440 |
||
|
*Nebraska Public Power District 5.000% 01/01/2036 |
2,355,000 |
2,709,098 |
||
|
Nebraska Public Power District 5.000% 01/01/2030 |
500,000 |
533,885 |
||
|
City of Omaha NE Sewer Revenue 5.000% 11/15/2029 |
250,000 |
288,117 |
||
|
City of Omaha NE Sewer Revenue 5.000% 11/15/2030 |
250,000 |
289,592 |
||
|
City of Omaha NE Sewer Revenue 5.000% 11/15/2031 |
500,000 |
575,375 |
||
|
City of Omaha NE Sewer Revenue 4.000% 04/01/2035 |
250,000 |
273,460 |
||
|
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2032 |
250,000 |
287,320 |
||
|
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2031 |
445,000 |
526,342 |
||
|
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2032 |
400,000 |
441,760 |
||
|
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2035 |
365,000 |
399,635 |
||
|
|
12,368,092 |
|||
|
|
||||
|
TOTAL MUNICIPAL BONDS (COST:46,975,325) |
$ |
48,720,286 |
||
|
|
||||
|
OTHER ASSETS LESS LIABILITIES (2.4%) |
$ |
1,219,451 |
||
|
|
||||
|
NET ASSETS (100.0%) |
$ |
49,939,737 |
||
|
|
||||
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
|
|
||||
|
OKLAHOMA MUNICIPAL BOND |
||||
|
Schedule of Investments April 30, 2020 (unaudited) |
||||
|
Principal |
Fair |
|||
|
|
Amount |
|
Value |
|
|
MUNICIPAL BONDS (94.7%) |
||||
|
|
||||
|
Education (12.2%) |
||||
|
Oklahoma Agricultural & Mechanical Colleges 4.400% 08/01/2039 |
$ |
630,000 |
$ |
633,251 |
|
*Oklahoma City Community College/OK 4.375% 07/01/2030 |
750,000 |
753,645 |
||
|
Oklahoma Development Finance Authority 5.000% 06/01/2039 |
500,000 |
556,830 |
||
|
Oklahoma Development Finance Authority 5.000% 06/01/2029 |
250,000 |
287,370 |
||
|
Oklahoma Development Finance Authority 5.000% 06/01/2034 |
500,000 |
563,905 |
||
|
Oklahoma Development Finance Authority 5.000% 06/01/2039 |
500,000 |
559,120 |
||
|
Oklahoma Development Finance Authority 4.000% 08/01/2030 |
280,000 |
305,491 |
||
|
Oklahoma Development Finance Authority 4.000% 08/01/2031 |
290,000 |
314,418 |
||
|
Oklahoma Development Finance Authority 4.000% 08/01/2032 |
305,000 |
329,479 |
||
|
Oklahoma Development Finance Authority 4.000% 08/01/2033 |
315,000 |
338,786 |
||
|
Oklahoma State University 5.000% 08/01/2032 |
250,000 |
310,218 |
||
|
Oklahoma State University 4.000% 09/01/2036 |
370,000 |
416,668 |
||
|
University of Oklahoma/The 5.000% 07/01/2037 |
290,000 |
303,740 |
||
|
University of Oklahoma/The 5.000% 07/01/2036 |
500,000 |
571,805 |
||
|
University of Oklahoma/The 4.000% 07/01/2040 |
650,000 |
697,093 |
||
|
University of Oklahoma/The 5.000% 07/01/2038 |
500,000 |
571,495 |
||
|
|
7,513,314 |
|||
|
General Obligation (6.6%) |
||||
|
City of Bartlesville OK 2.000% 12/01/2028 |
195,000 |
199,167 |
||
|
City of Broken Arrow OK 4.000% 12/01/2037 |
605,000 |
661,338 |
||
|
City of Broken Arrow OK 4.000% 12/01/2038 |
610,000 |
665,345 |
||
|
City of Broken Arrow OK 2.000% 12/01/2021 |
500,000 |
506,705 |
||
|
City of Broken Arrow OK 4.125% 08/01/2031 |
180,000 |
185,913 |
||
|
City of Broken Arrow OK 3.125% 12/01/2035 |
575,000 |
597,989 |
||
|
City of Lawton OK 2.000% 12/01/2022 |
500,000 |
509,885 |
||
|
City of Midwest City OK 3.000% 06/01/2041 |
500,000 |
502,230 |
||
|
City of Perkins OK 3.000% 06/01/2033 |
125,000 |
130,313 |
||
|
City of Perkins OK 3.000% 06/01/2034 |
115,000 |
116,919 |
||
|
|
4,075,804 |
|||
|
Health Care (6.8%) |
||||
|
Norman Regional Hospital Authority 3.250% 09/01/2039 |
895,000 |
821,816 |
||
|
Norman Regional Hospital Authority 5.000% 09/01/2045 |
200,000 |
234,366 |
||
|
Oklahoma Development Finance Authority 5.000% 08/15/2025 |
350,000 |
394,023 |
||
|
Oklahoma Development Finance Authority 5.000% 08/15/2029 |
250,000 |
276,655 |
||
|
Oklahoma Development Finance Authority 4.000% 08/15/2038 |
250,000 |
266,240 |
||
|
Oklahoma Development Finance Authority 5.000% 08/15/2029 |
345,000 |
367,994 |
||
|
Oklahoma Development Finance Authority 5.000% 08/15/2033 |
175,000 |
184,916 |
||
|
Oklahoma Development Finance Authority 4.000% 08/15/2048 |
825,000 |
875,614 |
||
|
Oklahoma Development Finance Authority 5.000% 07/01/2035 |
250,000 |
225,383 |
||
|
Tulsa County Industrial Authority 3.000% 02/01/2037 |
500,000 |
499,325 |
||
|
|
4,146,332 |
|||
|
Housing (1.7%) |
||||
|
Oklahoma Housing Finance Agency 3.000% 09/01/2039 |
1,000,000 |
|
1,016,770 |
|
|
|
||||
|
Other Revenue (27.4%) |
||||
|
Bryan County School Finance Authority 4.000% 12/01/2028 |
385,000 |
448,733 |
||
|
Bryan County School Finance Authority 4.000% 12/01/2029 |
415,000 |
488,546 |
||
|
Bryan County School Finance Authority 4.000% 12/01/2030 |
435,000 |
507,297 |
||
|
Caddo County Governmental Building Authority 5.000% 09/01/2040 |
1,010,000 |
1,101,617 |
||
|
Elk City Industrial Authority 3.000% 05/01/2034 |
1,050,000 |
1,078,403 |
||
|
Elk City Industrial Authority 3.000% 05/01/2039 |
425,000 |
421,341 |
||
|
Garvin County Educational Facilities Authority 4.000% 09/01/2031 |
665,000 |
773,116 |
||
|
Goldsby Public Works Authority 3.000% 08/01/2021 |
165,000 |
166,899 |
||
|
Grady County School Finance Authority 5.000% 09/01/2032 |
370,000 |
445,783 |
||
|
Kingfisher County Educational Facilities Authority 3.000% 03/01/2033 |
250,000 |
259,208 |
||
|
Leflore County Public Facility Authority 3.000% 12/01/2032 |
500,000 |
510,275 |
||
|
Muskogee Industrial Trust 5.000% 09/01/2026 |
400,000 |
459,588 |
||
|
City of Oklahoma City OK 5.000% 03/01/2032 |
250,000 |
251,288 |
||
|
City of Oklahoma City OK 5.000% 03/01/2034 |
500,000 |
502,405 |
||
|
City of Oklahoma City OK 5.000% 03/01/2033 |
250,000 |
251,230 |
||
|
Oklahoma City Public Property Authority 5.000% 10/01/2027 |
350,000 |
416,588 |
||
|
Oklahoma City Public Property Authority 5.000% 10/01/2028 |
400,000 |
473,764 |
||
|
Oklahoma City Public Property Authority 5.000% 10/01/2029 |
625,000 |
736,888 |
||
|
Oklahoma City Public Property Authority 5.000% 10/01/2036 |
230,000 |
264,820 |
||
|
Oklahoma City Public Property Authority 5.000% 10/01/2039 |
835,000 |
952,585 |
||
|
Oklahoma Development Finance Authority 4.000% 06/01/2038 |
725,000 |
803,967 |
||
|
Oklahoma Capitol Improvement Authority 5.000% 07/01/2035 |
530,000 |
651,280 |
||
|
Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 |
500,000 |
541,820 |
||
|
Oklahoma Capitol Improvement Authority 4.000% 07/01/2043 |
500,000 |
532,450 |
||
|
Okmulgee County Governmental Building Authority 4.250% 12/01/2035 |
500,000 |
531,355 |
||
|
Ottawa County Educational Facilities Authority 4.000% 09/01/2022 |
990,000 |
1,049,558 |
||
|
Sand Springs Municipal Authority 4.250% 01/01/2035 |
250,000 |
264,633 |
||
|
Sand Springs Municipal Authority 4.000% 01/01/2036 |
500,000 |
525,365 |
||
|
Tahlequah Public Facilities Authority 4.000% 04/01/2023 |
550,000 |
592,207 |
||
|
Tulsa Public Facilities Authority 3.000% 06/01/2031 |
200,000 |
208,742 |
||
|
Wagoner County School Development Authority 4.000% 09/01/2027 |
500,000 |
571,690 |
||
|
|
16,783,441 |
|||
|
PreRefunded (4.4%) |
||||
|
*Grand River Dam Authority 5.250% 06/01/2040 |
2,000,000 |
2,007,040 |
||
|
Oklahoma Development Finance Authority 5.000% 02/15/2042 |
250,000 |
267,575 |
||
|
Oklahoma Turnpike Authority 5.000% 01/01/2030 |
250,000 |
257,130 |
||
|
Oklahoma Water Resources Board 4.000% 04/01/2025 |
150,000 |
159,089 |
||
|
|
2,690,834 |
|||
|
Transportation (11.5%) |
||||
|
Oklahoma Capitol Improvement Authority 4.000% 10/01/2024 |
800,000 |
836,944 |
||
|
Oklahoma Capitol Improvement Authority 4.000% 10/01/2025 |
1,000,000 |
1,045,390 |
||
|
Oklahoma Turnpike Authority 5.000% 01/01/2028 |
250,000 |
251,935 |
||
|
Oklahoma Turnpike Authority 4.000% 01/01/2042 |
1,000,000 |
1,080,940 |
||
|
Oklahoma Turnpike Authority 4.000% 01/01/2038 |
100,000 |
108,221 |
||
|
Tulsa Airports Improvement Trust 5.000% 06/01/2023 |
420,000 |
435,456 |
||
|
Tulsa Airports Improvement Trust 5.000% 06/01/2024 |
230,000 |
238,160 |
||
|
Tulsa Airports Improvement Trust 5.250% 06/01/2025 |
245,000 |
254,268 |
||
|
Tulsa Airports Improvement Trust 5.250% 06/01/2026 |
360,000 |
373,414 |
||
|
Tulsa Airports Improvement Trust 4.000% 06/01/2035 |
1,355,000 |
1,434,295 |
||
|
Tulsa Airports Improvement Trust 4.000% 06/01/2036 |
145,000 |
153,361 |
||
|
Tulsa Airports Improvement Trust 5.000% 06/01/2027 |
300,000 |
357,285 |
||
|
Tulsa Parking Authority 4.000% 07/01/2025 |
500,000 |
516,350 |
||
|
|
7,086,019 |
|||
|
Utilities (24.1%) |
||||
|
Clinton Public Works Authority 4.000% 12/01/2034 |
750,000 |
797,603 |
||
|
Clinton Public Works Authority 4.000% 12/01/2039 |
500,000 |
530,215 |
||
|
Coweta Public Works Authority 4.000% 08/01/2032 |
1,000,000 |
1,087,040 |
||
|
Edmond Public Works Authority 5.000% 07/01/2032 |
500,000 |
604,150 |
||
|
Glenpool Utility Services Authority 5.100% 12/01/2035 |
250,000 |
254,988 |
||
|
Miami Special Utility Authority 4.000% 12/01/2036 |
500,000 |
546,755 |
||
|
*Midwest City Municipal Authority 5.000% 03/01/2025 |
2,000,000 |
2,070,060 |
||
|
Oklahoma City Water Utilities Trust 5.000% 07/01/2031 |
250,000 |
261,843 |
||
|
Oklahoma City Water Utilities Trust 5.000% 07/01/2034 |
100,000 |
115,520 |
||
|
Oklahoma City Water Utilities Trust 4.000% 07/01/2039 |
175,000 |
188,031 |
||
|
*Oklahoma Municipal Power Authority 5.750% 01/01/2024 |
370,000 |
422,459 |
||
|
Oklahoma Water Resources Board 5.000% 04/01/2032 |
140,000 |
150,058 |
||
|
Oklahoma Water Resources Board 5.000% 10/01/2029 |
250,000 |
287,400 |
||
|
Oklahoma Water Resources Board 5.000% 10/01/2033 |
500,000 |
570,620 |
||
|
Oklahoma Water Resources Board 4.000% 10/01/2038 |
325,000 |
363,457 |
||
|
Oklahoma Water Resources Board 4.000% 10/01/2043 |
830,000 |
911,249 |
||
|
Oklahoma Water Resources Board 4.000% 10/01/2048 |
1,460,000 |
1,613,154 |
||
|
Sallisaw Municipal Authority 4.450% 01/01/2028 |
100,000 |
100,239 |
||
|
Sapulpa Municipal Authority 5.000% 04/01/2028 |
750,000 |
826,440 |
||
|
*Washington County Rural Water District No 3 3.000% 09/15/2041 |
3,000,000 |
3,049,529 |
||
|
|
14,750,810 |
|||
|
|
||||
|
TOTAL MUNICIPAL BONDS (COST: $56,686,311 ) |
$ |
58,063,324 |
||
|
|
||||
|
OTHER ASSETS LESS LIABILITIES (5.3%) |
$ |
3,254,945 |
||
|
|
||||
|
NET ASSETS (100.0%) |
$ |
61,318,269 |
||
|
|
||||
|
*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 30, 2020 (unaudited) |
||||
|
Principal |
Fair |
|||
|
|
Amount |
|
Value |
|
|
MUNICIPAL BONDS (93.6%) |
||||
|
|
||||
|
Education (1.7%) |
||||
|
Montana State Board of Regents 4.000% 11/15/2025 |
$ |
500,000 |
$ |
538,615 |
|
Montana State Board of Regents 5.000% 11/15/2025 |
500,000 |
572,075 |
||
|
Montana State Board of Regents 5.000% 11/15/2030 |
240,000 |
264,934 |
||
|
|
1,375,624 |
|||
|
General Obligation (43.5%) |
||||
|
City of Bozeman MT 4.000% 07/01/2028 |
540,000 |
596,738 |
||
|
City of Bozeman MT 4.000% 07/01/2034 |
500,000 |
577,940 |
||
|
City & County of Butte Silver Bow MT 4.000% 07/01/2030 |
225,000 |
253,377 |
||
|
City & County of Butte Silver Bow MT 4.000% 07/01/2032 |
240,000 |
267,276 |
||
|
City & County of Butte Silver Bow MT 4.500% 07/01/2034 |
850,000 |
970,607 |
||
|
Cascade County Elementary School District No 1 Great Falls 4.000% 07/01/2031 |
700,000 |
796,887 |
||
|
Flathead County High School District No 5 Kalispell 5.000% 07/01/2039 |
455,000 |
553,694 |
||
|
Flathead County School District No 6 Columbia Falls 4.000% 07/01/2039 |
1,000,000 |
1,121,830 |
||
|
City of Fort Benton MT 3.000% 07/01/2035 |
715,000 |
716,430 |
||
|
City of Fort Benton MT 3.000% 07/01/2040 |
770,000 |
758,866 |
||
|
Gallatin County High School District No 7 Bozeman 3.000% 12/01/2034 |
500,000 |
518,605 |
||
|
Gallatin County High School District No 7 Bozeman 3.000% 06/01/2035 |
300,000 |
309,024 |
||
|
Gallatin County School District No 72 Ophir 3.500% 07/01/2023 |
555,000 |
566,683 |
||
|
Gallatin County School District No 72 Ophir 3.750% 07/01/2024 |
645,000 |
658,751 |
||
|
Gallatin County School District No 72 Ophir 4.000% 07/01/2025 |
420,000 |
429,547 |
||
|
Gallatin County School District No 7 Bozeman 4.000% 12/01/2032 |
610,000 |
675,874 |
||
|
Gallatin County School District No 7 Bozeman 4.000% 12/01/2033 |
260,000 |
286,840 |
||
|
Gallatin County School District No 27 Monforton 4.250% 06/15/2026 |
415,000 |
454,205 |
||
|
Gallatin County School District No 44 Belgrade 3.500% 06/15/2028 |
575,000 |
592,555 |
||
|
Gallatin County School District No 44 Belgrade 4.000% 06/01/2031 |
265,000 |
307,350 |
||
|
Gallatin County School District No 3 Manhattan 4.000% 07/01/2034 |
465,000 |
513,258 |
||
|
Missoula High School District No 1 4.000% 07/01/2032 |
275,000 |
308,800 |
||
|
Hellgate School District No 4 5.000% 06/15/2028 |
500,000 |
619,020 |
||
|
Hellgate School District No 4 5.000% 06/15/2029 |
500,000 |
615,125 |
||
|
Hellgate School District No 4 5.000% 06/15/2030 |
500,000 |
611,305 |
||
|
Desmet School District No 20 3.000% 07/01/2040 |
320,000 |
329,437 |
||
|
City of Missoula MT 4.000% 07/01/2031 |
250,000 |
278,615 |
||
|
*Missoula County Elementary School District No 1 4.000% 07/01/2032 |
500,000 |
554,680 |
||
|
Missoula County Elementary School District No 1 4.000% 07/01/2033 |
750,000 |
832,568 |
||
|
State of Montana 4.000% 08/01/2023 |
385,000 |
424,505 |
||
|
State of Montana 4.000% 08/01/2026 |
855,000 |
959,139 |
||
|
State of Montana 4.000% 08/01/2027 |
480,000 |
536,131 |
||
|
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2037 |
250,000 |
278,023 |
||
|
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2038 |
965,000 |
1,071,362 |
||
|
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2039 |
355,000 |
392,655 |
||
|
County of Ravalli MT 4.250% 07/01/2027 |
150,000 |
150,390 |
||
|
County of Ravalli MT 4.350% 07/01/2028 |
155,000 |
155,403 |
||
|
County of Ravalli MT 4.400% 07/01/2029 |
165,000 |
165,429 |
||
|
County of Ravalli MT 4.250% 07/01/2030 |
755,000 |
830,341 |
||
|
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2038 |
250,000 |
279,500 |
||
|
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2039 |
250,000 |
278,453 |
||
|
Silver Bow County School District No 1 4.000% 07/01/2038 |
1,960,000 |
2,176,031 |
||
|
Stillwater County Elementary School District No 6 Columbus 5.000% 07/01/2039 |
300,000 |
365,316 |
||
|
Stillwater County High School District No 6 Columbus 4.000% 07/01/2037 |
530,000 |
606,129 |
||
|
Stillwater County High School District No 6 Columbus 4.000% 07/01/2039 |
275,000 |
312,062 |
||
|
Valley County K 12 School District No 1 A Glasgow/MT 4.250% 07/01/2031 |
450,000 |
490,293 |
||
|
Yellowstone County High School District No 7 Laurel 3.000% 07/01/2025 |
225,000 |
240,545 |
||
|
Yellowstone County School District No 2 Billings 5.000% 06/15/2024 |
500,000 |
583,265 |
||
|
Yellowstone County School District No 2 Billings 5.000% 06/15/2026 |
515,000 |
594,846 |
||
|
Yellowstone County School District No 2 Billings 5.000% 06/15/2027 |
1,000,000 |
1,152,420 |
||
|
Yellowstone County School District No 2 Billings 5.000% 06/15/2031 |
350,000 |
408,440 |
||
|
Yellowstone County School District No 2 Billings 5.000% 06/15/2032 |
435,000 |
505,279 |
||
|
Yellowstone County School District No 2 Billings 3.000% 06/15/2032 |
630,000 |
671,353 |
||
|
Yellowstone County School District No 2 Billings 3.000% 06/15/2034 |
315,000 |
331,522 |
||
|
Yellowstone County School District No 2 Billings 3.000% 06/15/2035 |
430,000 |
450,167 |
||
|
Yellowstone County School District No 8 Elder Grove 4.000% 07/01/2037 |
875,000 |
967,549 |
||
|
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2037 |
1,000,000 |
1,206,070 |
||
|
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2038 |
1,500,000 |
1,779,330 |
||
|
|
34,437,835 |
|||
|
Health Care (14.0%) |
||||
|
Montana Facility Finance Authority 4.500% 07/01/2023 |
1,025,000 |
1,044,854 |
||
|
*Montana Facility Finance Authority 4.650% 07/01/2024 |
1,365,000 |
1,392,068 |
||
|
Montana Facility Finance Authority 4.750% 07/01/2025 |
380,000 |
387,608 |
||
|
Montana Facility Finance Authority 5.000% 07/01/2032 |
1,000,000 |
1,120,040 |
||
|
Montana Facility Finance Authority 5.000% 07/01/2033 |
1,000,000 |
1,113,730 |
||
|
Montana Facility Finance Authority 5.000% 08/15/2048 |
500,000 |
583,575 |
||
|
Montana Facility Finance Authority 4.000% 01/01/2038 |
1,000,000 |
1,078,410 |
||
|
Montana Facility Finance Authority 5.000% 06/01/2028 |
1,015,000 |
1,176,943 |
||
|
Montana Facility Finance Authority 5.000% 06/01/2029 |
915,000 |
1,069,406 |
||
|
Montana Facility Finance Authority 5.000% 06/01/2035 |
425,000 |
509,448 |
||
|
Montana Facility Finance Authority 5.000% 06/01/2036 |
700,000 |
834,540 |
||
|
County of Yellowstone MT 4.000% 10/01/2029 |
710,000 |
786,794 |
||
|
|
11,097,416 |
|||
|
Housing (7.4%) |
||||
|
Montana Board of Housing 3.000% 12/01/2023 |
75,000 |
76,263 |
||
|
Montana Board of Housing 3.150% 06/01/2024 |
285,000 |
289,363 |
||
|
Montana Board of Housing 3.150% 12/01/2024 |
100,000 |
101,494 |
||
|
Montana Board of Housing 3.350% 06/01/2025 |
130,000 |
132,123 |
||
|
Montana Board of Housing 3.875% 12/01/2023 |
155,000 |
161,831 |
||
|
Montana Board of Housing 4.050% 06/01/2024 |
135,000 |
142,228 |
||
|
Montana Board of Housing 4.050% 12/01/2024 |
390,000 |
412,499 |
||
|
Montana Board of Housing 4.650% 12/01/2028 |
215,000 |
227,930 |
||
|
Montana Board of Housing 3.100% 06/01/2021 |
295,000 |
299,307 |
||
|
Montana Board of Housing 3.400% 12/01/2033 |
500,000 |
518,000 |
||
|
Montana Board of Housing 3.250% 12/01/2044 |
1,500,000 |
1,547,025 |
||
|
Montana Board of Housing 2.800% 12/01/2039 |
895,000 |
910,645 |
||
|
Montana Board of Housing 3.800% 12/01/2038 |
995,000 |
1,051,805 |
||
|
|
5,870,513 |
|||
|
Other Revenue (9.3%) |
||||
|
City of Billings MT 5.500% 07/01/2026 |
275,000 |
279,252 |
||
|
City of Billings MT 4.700% 07/01/2021 |
25,000 |
25,006 |
||
|
City of Billings MT 4.800% 07/01/2022 |
70,000 |
69,531 |
||
|
City of Billings MT 4.375% 07/01/2029 |
490,000 |
491,994 |
||
|
*City of Billings MT 5.000% 07/01/2033 |
900,000 |
916,956 |
||
|
City of Billings MT 5.000% 07/01/2032 |
710,000 |
730,072 |
||
|
City & County of Butte Silver Bow MT 5.000% 07/01/2021 |
410,000 |
417,540 |
||
|
Gallatin County Rural Improvement District 5.500% 07/01/2025 |
470,000 |
471,288 |
||
|
*Gallatin County Rural Improvement District 6.000% 07/01/2030 |
1,000,000 |
1,002,530 |
||
|
City of Kalispell MT 5.000% 07/01/2033 |
500,000 |
570,650 |
||
|
City of Livingston MT 4.000% 07/01/2034 |
525,000 |
540,167 |
||
|
Madison County Rural Improvement District 5.500% 07/01/2025 |
410,000 |
410,812 |
||
|
*Madison County Rural Improvement District 6.000% 07/01/2030 |
1,000,000 |
1,001,750 |
||
|
City of Missoula MT 4.750% 07/01/2027 |
120,000 |
120,216 |
||
|
City of Missoula MT 6.000% 07/01/2030 |
200,000 |
200,964 |
||
|
City of Missoula MT 5.125% 07/01/2026 |
125,000 |
125,288 |
||
|
|
7,374,016 |
|||
|
PreRefunded (9.9%) |
||||
|
City of Great Falls MT 5.550% 07/01/2029 |
275,000 |
275,778 |
||
|
Montana Facility Finance Authority 5.250% 06/01/2030 |
660,000 |
662,356 |
||
|
Montana Facility Finance Authority 5.125% 06/01/2026 |
1,000,000 |
1,003,990 |
||
|
Montana Facility Finance Authority 5.500% 01/01/2025 |
575,000 |
593,003 |
||
|
Montana Facility Finance Authority 5.750% 01/01/2031 |
815,000 |
841,871 |
||
|
Montana State Board of Regents 5.000% 11/15/2023 |
250,000 |
266,078 |
||
|
*Montana State Board of Regents 4.000% 05/15/2025 |
2,000,000 |
2,126,300 |
||
|
Montana State Board of Regents 4.000% 05/15/2026 |
1,145,000 |
1,217,307 |
||
|
*Montana Board of Housing 4.700% 12/01/2026 |
590,000 |
597,115 |
||
|
Montana Board of Housing 4.850% 06/01/2028 |
275,000 |
278,553 |
||
|
|
7,862,351 |
|||
|
Transportation (3.1%) |
||||
|
City of Billings MT Airport Revenue 5.000% 07/01/2020 |
235,000 |
236,105 |
||
|
Missoula Parking Commission 4.000% 10/01/2026 |
835,000 |
916,104 |
||
|
Missoula Special Improvement Districts/MT 4.600% 07/01/2024 |
100,000 |
100,205 |
||
|
Missoula Special Improvement Districts/MT 4.600% 07/01/2025 |
105,000 |
105,299 |
||
|
Missoula Special Improvement Districts/MT 5.400% 07/01/2029 |
370,000 |
370,681 |
||
|
Missoula Special Improvement Districts/MT 4.625% 07/01/2023 |
240,000 |
240,792 |
||
|
Missoula Special Improvement Districts/MT 5.250% 07/01/2027 |
240,000 |
240,972 |
||
|
Missoula Special Improvement Districts/MT 5.500% 07/01/2031 |
235,000 |
235,877 |
||
|
|
2,446,035 |
|||
|
Utilities (4.7%) |
||||
|
City of Billings MT 5.000% 07/01/2031 |
260,000 |
318,885 |
||
|
City of Billings MT Solid Waste System Revenue 3.500% 07/01/2039 |
1,510,000 |
1,596,629 |
||
|
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2025 |
215,000 |
235,315 |
||
|
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2026 |
225,000 |
245,157 |
||
|
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2028 |
250,000 |
282,810 |
||
|
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2029 |
250,000 |
280,252 |
||
|
City of Dillon MT Water & Sewer System Revenue 4.000% 07/01/2033 |
250,000 |
277,440 |
||
|
City of Red Lodge MT Water System Revenue 2.500% 07/01/2039 |
500,000 |
484,610 |
||
|
|
3,721,098 |
|||
|
|
||||
|
TOTAL MUNICPAL BONDS (COST: $71,857,007) |
$ |
74,184,888 |
||
|
|
||||
|
OTHER ASSETS LESS LIABILITIES (6.4%) |
$ |
5,073,465 |
||
|
|
||||
|
NET ASSETS (100.0%) |
$ |
79,258,353 |
||
|
|
||||
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases. |
||||
|
|
||||
|
VIKING TAX-FREE FUND FOR NORTH DAKOTA |
|
|
|
|
|
Schedule of Investments April 30, 2020 (unaudited) |
|
|
|
|
|
|
|
Principal |
|
Fair |
|
|
|
Amount |
|
Value |
|
MUNICIPAL BONDS (91.4%) |
|
|
|
|
|
|
|
|
|
|
|
Education (9.5%) |
|
|
|
|
|
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2025 |
$ |
415,000 |
$ |
463,182 |
|
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2028 |
365,000 |
376,038 |
||
|
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2033 |
500,000 |
539,065 |
||
|
State Board of Higher Education of the State of North Dakota 3.250% 04/01/2037 |
250,000 |
254,578 |
||
|
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2044 |
500,000 |
549,645 |
||
|
State Board of Higher Education of the State of North Dakota 3.125% 07/01/2037 |
200,000 |
168,482 |
||
|
State Board of Higher Education of the State of North Dakota 3.200% 07/01/2039 |
200,000 |
164,426 |
||
|
University of North Dakota 5.000% 04/01/2024 |
250,000 |
269,040 |
||
|
|
2,784,456 |
|||
|
General Obligation (13.9%) |
|
|
|
|
|
Dickinson Public School District No 1 4.000% 08/01/2034 |
400,000 |
435,000 |
||
|
City of Fargo ND 4.000% 05/01/2023 |
300,000 |
309,783 |
||
|
City of Grand Forks ND 4.000% 12/01/2039 |
470,000 |
519,059 |
||
|
City of Grand Forks ND 4.500% 05/01/2032 |
240,000 |
262,320 |
||
|
City of Horace ND 4.250% 05/01/2035 |
340,000 |
349,357 |
||
|
Mandan Public School District No 1 3.125% 08/01/2024 |
200,000 |
210,128 |
||
|
City of Minot ND Airport Revenue 3.500% 10/01/2025 |
570,000 |
599,104 |
||
|
City of Minot ND Airport Revenue 4.000% 10/01/2028 |
355,000 |
374,536 |
||
|
Nesson Public School District No 2 4.000% 08/01/2039 |
500,000 |
541,165 |
||
|
City of Williston ND 4.000% 05/01/2035 |
200,000 |
208,450 |
||
|
City of Williston ND 4.000% 05/01/2038 |
230,000 |
238,837 |
||
|
|
4,047,739 |
|||
|
Health Care (18.5%) |
|
|
|
|
|
County of Cass ND 5.000% 02/15/2033 |
445,000 |
521,682 |
||
|
County of Cass ND 4.125% 02/15/2037 |
595,000 |
635,139 |
||
|
*County of Cass ND 4.250% 02/15/2043 |
1,290,000 |
1,365,014 |
||
|
City of Fargo ND 5.500% 11/01/2020 |
500,000 |
512,925 |
||
|
City of Fargo ND 6.000% 11/01/2028 |
500,000 |
540,290 |
||
|
City of Grand Forks ND 5.000% 12/01/2022 |
500,000 |
525,750 |
||
|
City of Grand Forks ND 4.000% 12/01/2027 |
400,000 |
406,572 |
||
|
City of Grand Forks ND 5.000% 12/01/2032 |
250,000 |
258,310 |
||
|
City of Grand Forks ND 5.125% 12/01/2025 |
250,000 |
251,220 |
||
|
City of Grand Forks ND 3.000% 12/01/2020 |
135,000 |
135,216 |
||
|
City of Langdon ND 6.200% 01/01/2025 |
155,000 |
155,307 |
||
|
County of Ward ND 5.000% 06/01/2053 |
100,000 |
97,936 |
||
|
|
5,405,361 |
|||
|
Housing (10.4%) |
|
|
|
|
|
North Dakota Housing Finance Agency 3.050% 07/01/2021 |
150,000 |
151,059 |
||
|
*North Dakota Housing Finance Agency 3.550% 07/01/2040 |
1,000,000 |
1,025,240 |
||
|
North Dakota Housing Finance Agency 3.550% 07/01/2033 |
250,000 |
262,818 |
||
|
North Dakota Housing Finance Agency 3.500% 07/01/2035 |
750,000 |
789,390 |
||
|
North Dakota Housing Finance Agency 2.950% 07/01/2039 |
250,000 |
250,465 |
||
|
North Dakota Housing Finance Agency 3.050% 07/01/2043 |
250,000 |
250,208 |
||
|
#North Dakota Housing Finance Agency 3.000% 07/01/2040 |
315,000 |
305,830 |
||
|
|
3,035,010 |
|||
|
Other Revenue (21.9%) |
|
|
|
|
|
County of Burleigh ND Multi County Sales Tax Revenue 4.000% 11/01/2032 |
400,000 |
416,940 |
||
|
City of Grand Forks ND 5.000% 12/15/2028 |
250,000 |
297,120 |
||
|
Jamestown Park District/ND 4.000% 07/01/2032 |
500,000 |
534,240 |
||
|
Jamestown Park District/ND 4.000% 07/01/2033 |
345,000 |
366,673 |
||
|
Jamestown Park District/ND 3.000% 07/01/2035 |
500,000 |
506,720 |
||
|
*City of Mandan ND 4.000% 09/01/2034 |
500,000 |
531,185 |
||
|
*City of Mandan ND 3.250% 09/01/2041 |
1,250,000 |
1,260,888 |
||
|
Minot Park District 3.000% 12/01/2028 |
250,000 |
258,598 |
||
|
Minot Park District 3.750% 12/01/2038 |
435,000 |
458,081 |
||
|
North Dakota Public Finance Authority 5.000% 06/01/2020 |
40,000 |
40,066 |
||
|
North Dakota Public Finance Authority 5.000% 06/01/2031 |
240,000 |
240,322 |
||
|
North Dakota Public Finance Authority 6.000% 06/01/2034 |
200,000 |
200,300 |
||
|
North Dakota Public Finance Authority 4.500% 06/01/2026 |
400,000 |
415,624 |
||
|
North Dakota Public Finance Authority 4.000% 06/01/2030 |
400,000 |
428,296 |
||
|
North Dakota Public Finance Authority 4.000% 06/01/2028 |
265,000 |
289,441 |
||
|
North Dakota Public Finance Authority 5.000% 06/01/2028 |
130,000 |
152,435 |
||
|
|
6,396,929 |
|||
|
PreRefunded (4.7%) |
||||
|
County of Burleigh ND 5.000% 07/01/2022 |
300,000 |
327,789 |
||
|
County of Burleigh ND 4.500% 07/01/2032 |
250,000 |
268,953 |
||
|
County of Burleigh ND 5.000% 07/01/2035 |
500,000 |
523,385 |
||
|
Grand Forks Regional Airport Authority 4.500% 06/01/2028 |
230,000 |
238,779 |
||
|
|
1,358,906 |
|||
|
Transportation (4.2%) |
|
|
|
|
|
Grand Forks Regional Airport Authority 4.600% 06/01/2024 |
350,000 |
350,522 |
||
|
Grand Forks Regional Airport Authority 5.000% 06/01/2029 |
500,000 |
500,700 |
||
|
Grand Forks Regional Airport Authority 4.500% 06/01/2028 |
370,000 |
382,291 |
||
|
|
1,233,513 |
|||
|
Utilities (8.3%) |
|
|
|
|
|
City of Bismarck ND Water Revenue 3.000% 04/01/2021 |
495,000 |
498,673 |
||
|
*City of Bismarck ND Water Revenue 3.625% 04/01/2025 |
675,000 |
679,482 |
||
|
City of Bismarck ND Water Revenue 3.750% 04/01/2026 |
265,000 |
266,730 |
||
|
City of Grand Forks ND Sanitation Revenue 2.600% 09/01/2038 |
290,000 |
279,154 |
||
|
City of Grand Forks ND Sanitation Revenue 2.625% 09/01/2040 |
485,000 |
463,636 |
||
|
City of West Fargo ND Water & Sewer Revenue 2.625% 11/01/2034 |
250,000 |
240,603 |
||
|
|
2,428,278 |
|||
|
|
|
|
|
|
|
TOTAL MUNICIPAL BONDS (COST: $26,077,361) |
|
|
$ |
26,690,192 |
|
|
|
|
|
|
|
OTHER ASSETS LESS LIABILITIES (8.6%) |
|
|
$ |
2,497,298 |
|
|
|
|
|
|
|
NET ASSETS (100.0%) |
|
|
$ |
29,187,490 |
|
|
||||
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
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#When-issued purchase as of April 30, 2020. |
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NOTE: INVESTMENT IN SECURITIES (unaudited) |
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As of April 30, 2020, the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows: |
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|
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 |
$60,603,669 |
$13,866,367 |
$46,975,325 |
$56,686,311 |
$71,857,007 |
$26,077,361 |
|
Unrealized appreciation |
$2,637,767 |
$491,656 |
$1,845,403 |
$1,788,559 |
$2,703,304 |
$827,223 |
|
Unrealized depreciation |
($332,598) |
($52,016) |
($100,442) |
($411,546) |
($375,424) |
($214,392) |
|
Net unrealized appreciation (depreciation)* |
$2,305,169 |
$439,640 |
$1,744,961 |
$1,377,013 |
$2,327,880 |
$612,831 |
|
*Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of wash sales and market discount. |
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NOTE: FAIR VALUE MEASUREMENTS (unaudited) |
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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, 2020: |
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Kansas Municipal Fund |
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|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Municipal Bonds |
$0 |
$62,908,838 |
$0 |
$62,908,838 |
|
Total |
$0 |
$62,908,838 |
$0 |
$62,908,838 |
|
|
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Maine Municipal Fund |
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|
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Municipal Bonds |
$0 |
$14,306,007 |
$0 |
$14,306,007 |
|
Total |
$0 |
$14,306,007 |
$0 |
$14,306,007 |
|
|
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Nebraska Municipal Fund |
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|
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Municipal Bonds |
$0 |
$48,720,286 |
$0 |
$48,720,286 |
|
Total |
$0 |
$48,720,286 |
$0 |
$48,720,286 |
|
|
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Oklahoma Municipal Fund |
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|
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Municipal Bonds |
$0 |
$58,603,324 |
$0 |
$58,603,324 |
|
Total |
$0 |
$58,603,324 |
$0 |
$58,603,324 |
|
. |
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Viking Tax-Free Fund for Montana |
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|
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Municipal Bonds |
$0 |
$74,184,888 |
$0 |
$74,184,888 |
|
Total |
$0 |
$74,184,888 |
$0 |
$74,184,888 |
|
|
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Viking Tax-Free Fund for North Dakota |
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|
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Municipal Bonds |
$0 |
$26,690,192 |
$0 |
$26,690,192 |
|
Total |
$0 |
$26,690,192 |
$0 |
$26,690,192 |
Please refer to the Schedules of Investments for sector classification. There were no transfers into or out of Level 1 or Level 2 during the three months ended April 30, 2020. The Funds consider transfers into or out of Level 1 and Level 2 as of the end of the reporting period. The Funds did not hold any derivative instruments at the three months ended April 30, 2020.
A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments, is presented when a Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets.