Item 1. Schedule of Investments |
||||
KANSAS MUNICIPAL FUND |
||||
Schedule of Investments October 30, 2020 (unaudited) |
||||
Principal |
Fair |
|||
|
Amount |
|
Value |
|
MUNICIPAL BONDS (92.9%) |
||||
Education (3.1%) |
||||
Johnson County Community College Foundation Inc 4.000% 11/15/2023 |
$ |
870,000 |
$ |
965,387 |
Kansas Development Finance Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2028 |
500,000 |
554,015 |
||
Kansas Development Finance Authority 3.000% 10/01/2044 Callable @ 100.000 10/01/2027 |
500,000 |
510,115 |
||
Kansas Development Finance Authority 5.000% 06/01/2027 Callable @ 100.000 06/01/2021 |
250,000 |
256,915 |
||
|
2,286,432 |
|||
General Obligation (37.3%) |
||||
*Allen County Unified School District No 257 3.000% 09/01/2038 Callable @ 100.000 09/01/2028 |
1,000,000 |
1,050,390 |
||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2027 Callable @ 100.000 09/01/2024 |
250,000 |
289,770 |
||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2028 Callable @ 100.000 09/01/2024 |
250,000 |
291,370 |
||
City of Arkansas City KS 2.000% 08/01/2036 Callable @ 100.000 02/01/2028 |
500,000 |
506,165 |
||
City of Bonner Springs KS 2.000% 09/01/2040 Callable @ 100.000 09/01/2027 |
325,000 |
311,373 |
||
City of Bonner Springs KS 3.000% 09/01/2044 Callable @ 100.000 09/01/2028 |
1,060,000 |
1,138,493 |
||
City of Burlingame KS 3.000% 09/01/2045 Callable @ 100.000 09/01/2027 |
365,000 |
373,734 |
||
City of Hillsboro KS 3.000% 09/01/2024 |
100,000 |
105,193 |
||
City of Hillsboro KS 3.000% 09/01/2027 Callable @ 100.000 09/01/2026 |
225,000 |
240,014 |
||
City of Hillsboro KS 3.000% 09/01/2028 Callable @ 100.000 09/01/2026 |
230,000 |
240,040 |
||
City of Hillsboro KS 3.000% 09/01/2029 Callable @ 100.000 09/01/2026 |
240,000 |
248,431 |
||
#City of Hutchinson KS 2.500% 10/01/2040 Callable @ 100.000 10/01/2029 |
420,000 |
433,016 |
||
City of South Hutchinson KS 4.000% 10/01/2038 Callable @ 100.000 10/01/2025 |
355,000 |
380,233 |
||
City of Topeka KS 3.000% 08/15/2021 |
1,000,000 |
1,020,770 |
||
City of Topeka KS 3.000% 08/15/2022 |
500,000 |
523,680 |
||
City of Wichita KS 2.000% 12/01/2038 Callable @ 100.000 12/01/2028 |
250,000 |
246,495 |
||
City of Wichita KS 4.500% 09/01/2022 |
150,000 |
150,131 |
||
City of Wichita KS 4.750% 09/01/2027 |
180,000 |
180,131 |
||
County of Clay KS 4.000% 10/01/2036 Callable @ 100.000 10/01/2024 |
500,000 |
541,125 |
||
County of Johnson KS 2.000% 09/01/2034 Callable @ 100.000 09/01/2029 |
500,000 |
512,180 |
||
County of Linn KS 3.000% 07/01/2036 Callable @ 100.000 07/01/2029 |
1,100,000 |
1,184,095 |
||
County of Scott KS 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 |
500,000 |
597,435 |
||
County of Seward KS 5.000% 08/01/2034 |
240,000 |
240,158 |
||
County of Thomas KS 3.000% 12/01/2047 Callable @ 100.000 12/01/2029 |
1,000,000 |
1,048,640 |
||
Douglas County Unified School District No 348 Baldwin City 4.000% 09/01/2030 Callable @ 100.000 09/01/2025 |
250,000 |
284,660 |
||
Geary County Unified School District No 475 4.000% 09/01/2033 Callable @ 100.000 09/01/2025 |
350,000 |
392,515 |
||
Greenwood County Unified School District No 389 Eureka 4.000% 09/01/2021 |
150,000 |
154,157 |
||
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2037 Callable @ 100.000 09/01/2027 |
500,000 |
632,820 |
||
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2039 Callable @ 100.000 09/01/2027 |
2,000,000 |
2,567,860 |
||
Johnson County Unified School District No 231 Gardner Edgerton 5.000% 10/01/2025 Callable @ 100.000 10/01/2023 |
250,000 |
285,905 |
||
Leavenworth County Unified School District No 453 4.000% 09/01/2037 Callable @ 100.000 09/01/2026 |
650,000 |
729,190 |
||
Leavenworth County Unified School District No 464 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 |
500,000 |
585,755 |
||
#Linn County Unified School District No 362 Prairie View 3.000% 09/01/2035 Callable @ 100.000 09/01/2028 |
500,000 |
543,335 |
||
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 |
750,000 |
854,543 |
||
Lyon County Unified School District No 253 Emporia 4.000% 09/01/2048 Callable @ 100.000 09/01/2027 |
1,000,000 |
1,082,680 |
||
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 Callable @ 100.000 09/01/2021 |
10,000 |
10,415 |
||
Rice County Unified School District No 444 4.000% 09/01/2031 Callable @ 100.000 09/01/2027 |
710,000 |
839,398 |
||
Riley County Unified School District No 378 Riley 4.000% 09/01/2028 Callable @ 100.000 09/01/2027 |
680,000 |
814,613 |
||
Riley County Unified School District No 383 Manhattan Ogden 4.000% 09/01/2039 Callable @ 100.000 09/01/2027 |
1,000,000 |
1,133,770 |
||
Sedgwick County Unified School District No 261 Haysville 5.000% 11/01/2021 |
5,000 |
5,003 |
||
Sedgwick County Unified School District No 262 Valley Center 5.000% 09/01/2035 Callable @ 100.000 09/01/2024 |
405,000 |
460,100 |
||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 |
85,000 |
92,399 |
||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 |
500,000 |
545,855 |
||
Wyandotte County Kansas City Unified Government 2.250% 08/01/2038 Callable @ 100.000 08/01/2028 |
1,000,000 |
1,017,850 |
||
Wyandotte County Kansas City Unified Government 2.375% 08/01/2040 Callable @ 100.000 08/01/2028 |
1,000,000 |
1,015,960 |
||
Wyandotte County Unified School District No 500 Kansas City 5.000% 09/01/2026 |
1,000,000 |
1,245,110 |
||
|
27,146,954 |
|||
Health Care (15.0%) |
||||
Ashland Public Building Commission 5.000% 09/01/2030 Callable @ 100.000 09/01/2023 |
1,020,000 |
1,093,552 |
||
Ashland Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2024 |
550,000 |
598,081 |
||
Ashland Public Building Commission 5.000% 09/01/2035 Callable @ 100.000 09/01/2023 |
500,000 |
528,485 |
||
City of Lawrence KS 5.000% 07/01/2043 Callable @ 100.000 07/01/2028 |
1,500,000 |
1,759,035 |
||
City of Manhattan KS 5.000% 11/15/2023 Callable @ 100.000 11/15/2022 |
250,000 |
274,043 |
||
City of Manhattan KS 5.000% 11/15/2024 Callable @ 100.000 11/15/2022 |
250,000 |
273,883 |
||
City of Manhattan KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2022 |
500,000 |
540,690 |
||
City of Olathe KS 4.000% 09/01/2028 Callable @ 100.000 09/01/2021 |
250,000 |
256,508 |
||
City of Olathe KS 4.000% 09/01/2030 Callable @ 100.000 09/01/2021 |
295,000 |
301,971 |
||
Kansas Development Finance Authority 4.125% 11/15/2027 Callable @ 100.000 11/15/2022 |
100,000 |
106,961 |
||
University of Kansas Hospital Authority 3.000% 03/01/2041 Callable @ 100.000 03/01/2030 |
500,000 |
501,875 |
||
University of Kansas Hospital Authority 4.000% 09/01/2040 Callable @ 100.000 09/01/2025 |
500,000 |
545,300 |
||
University of Kansas Hospital Authority 4.000% 09/01/2048 Callable @ 100.000 03/01/2029 |
1,000,000 |
1,109,960 |
||
University of Kansas Hospital Authority 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 |
500,000 |
576,275 |
||
University of Kansas Hospital Authority 5.000% 09/01/2048 Callable @ 100.000 03/01/2029 |
2,000,000 |
2,424,620 |
||
|
10,891,238 |
|||
Other Revenue (9.1%) |
||||
City of Manhattan KS 4.500% 12/01/2025 Callable @ 100.000 12/01/2020 |
500,000 |
501,800 |
||
City of Manhattan KS 5.000% 12/01/2026 |
355,000 |
355,344 |
||
*City of Manhattan KS 5.000% 12/01/2032 Callable @ 100.000 12/01/2020 |
1,000,000 |
1,003,610 |
||
City of Wichita KS 4.000% 09/01/2038 Callable @ 100.000 09/01/2027 |
1,000,000 |
1,084,950 |
||
Dickson County Public Building Commission 4.000% 08/01/2038 Callable @ 100.000 08/01/2028 |
750,000 |
860,685 |
||
Hoisington Public Building Commission 3.000% 11/01/2040 Callable @ 100.000 11/01/2029 |
660,000 |
686,453 |
||
Hoisington Public Building Commission 3.000% 11/01/2045 Callable @ 100.000 11/01/2029 |
500,000 |
514,740 |
||
Johnson County Public Building Commission 4.000% 09/01/2022 |
405,000 |
432,585 |
||
Kansas Development Finance Authority 3.000% 11/01/2033 Callable @ 100.000 11/01/2027 |
1,000,000 |
1,063,010 |
||
Washington County Public Building Commission 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 |
100,000 |
106,037 |
||
|
6,609,214 |
|||
PreRefunded (15.5%) |
||||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2029 Callable @ 100.000 09/01/2024 |
250,000 |
293,575 |
||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2030 Callable @ 100.000 09/01/2024 |
250,000 |
293,575 |
||
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2031 Callable @ 100.000 09/01/2024 |
500,000 |
587,150 |
||
City of Olathe KS 4.000% 09/01/2030 Callable @ 100.000 09/01/2021 |
150,000 |
154,529 |
||
City of Wichita KS 5.000% 11/15/2029 Callable @ 100.000 11/15/2021 |
300,000 |
314,199 |
||
*Franklin County Unified School District No 290 Ottawa 5.000% 09/01/2040 Callable @ 100.000 09/01/2025 |
3,000,000 |
3,643,950 |
||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 |
135,000 |
147,031 |
||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2029 Callable @ 100.000 09/01/2022 |
115,000 |
125,227 |
||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 |
140,000 |
152,477 |
||
Jackson County Unified School District No 336 Holton 5.000% 09/01/2034 Callable @ 100.000 09/01/2022 |
110,000 |
119,782 |
||
Kansas Power Pool 4.500% 12/01/2028 Callable @ 100.000 12/01/2020 |
500,000 |
501,660 |
||
Kansas Power Pool 5.000% 12/01/2031 Callable @ 100.000 12/01/2020 |
750,000 |
753,015 |
||
Leavenworth County Unified School District No 458 5.000% 09/01/2029 Callable @ 100.000 09/01/2023 |
500,000 |
566,645 |
||
Leavenworth County Unified School District No 469 4.000% 09/01/2030 Callable @ 100.000 09/01/2022 |
320,000 |
340,880 |
||
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 Callable @ 100.000 09/01/2021 |
135,000 |
140,411 |
||
Miami County Unified School District No 368 Paola 5.000% 09/01/2027 Callable @ 100.000 09/01/2021 |
105,000 |
109,217 |
||
Neosho County Unified School District No 413 4.000% 09/01/2031 Callable @ 100.000 09/01/2023 |
250,000 |
268,343 |
||
Seward County Unified School District No 480 Liberal 4.250% 09/01/2039 Callable @ 100.000 09/01/2022 |
500,000 |
533,955 |
||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 |
85,000 |
92,246 |
||
Seward County Unified School District No 480 Liberal 5.000% 09/01/2033 Callable @ 100.000 09/01/2022 |
330,000 |
358,195 |
||
Washington County Public Building Commission 4.000% 09/01/2028 Callable @ 100.000 09/01/2022 |
500,000 |
534,435 |
||
Washington County Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 |
500,000 |
544,170 |
||
Washington County Public Building Commission 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 |
400,000 |
434,564 |
||
Wyandotte County Unified School District No 202 Turner 5.000% 09/01/2025 Callable @ 100.000 09/01/2023 |
250,000 |
282,865 |
||
|
11,292,095 |
|||
Transportation (1.2%) |
||||
State of Kansas Department of Transportation 5.000% 09/01/2033 Callable @ 100.000 09/01/2025 |
500,000 |
588,395 |
||
State of Kansas Department of Transportation 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 |
250,000 |
294,500 |
||
|
882,895 |
|||
Utilities (11.7%) |
||||
City of Topeka KS Combined Utility Revenue 4.000% 08/01/2023 |
500,000 |
550,025 |
||
Kansas Municipal Energy Agency 5.000% 04/01/2030 Callable @ 100.000 04/01/2026 |
250,000 |
297,010 |
||
Kansas Municipal Energy Agency 5.000% 04/01/2032 Callable @ 100.000 04/01/2026 |
500,000 |
589,395 |
||
Kansas Municipal Energy Agency 5.000% 04/01/2033 Callable @ 100.000 04/01/2026 |
745,000 |
873,788 |
||
Kansas Municipal Energy Agency 5.000% 04/01/2035 Callable @ 100.000 04/01/2026 |
300,000 |
349,434 |
||
Kansas Municipal Energy Agency 5.000% 04/01/2038 Callable @ 100.000 04/01/2026 |
1,000,000 |
1,155,190 |
||
*Kansas Municipal Energy Agency 5.750% 07/01/2038 Callable @ 100.000 07/01/2023 |
1,000,000 |
1,110,310 |
||
Kansas Power Pool 4.000% 12/01/2031 Callable @ 100.000 12/01/2025 |
500,000 |
550,615 |
||
Wyandotte County Kansas City Unified Government Utility System Revenue 3.000% 09/01/2040 Callable @ 100.000 09/01/2030 |
250,000 |
265,698 |
||
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2028 Callable @ 100.000 09/01/2026 |
500,000 |
614,470 |
||
*Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2032 Callable @ 100.000 09/01/2022 |
1,250,000 |
1,341,513 |
||
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2035 Callable @ 100.000 09/01/2025 |
500,000 |
577,325 |
||
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2036 Callable @ 100.000 09/01/2021 |
250,000 |
258,063 |
||
|
8,532,835 |
|||
TOTAL MUNICIPAL BONDS (COST: $63,747,814) |
$ |
67,641,662 |
||
OTHER ASSETS LESS LIABILITIES (7.1%) |
|
5,183,131 |
||
NET ASSETS (100.0%) |
$ |
72,824,793 |
||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
#When-issued purchase as of October 30, 2020 |
||||
MAINE MUNICIPAL FUND |
||||
Schedule of Investments October 30, 2020 (unaudited) |
||||
Principal |
Fair |
|||
|
Amount |
|
Value |
|
MUNICIPAL BONDS (94.9%) |
||||
Education (9.6%) |
||||
Maine Educational Loan Authority 4.450% 12/01/2025 Callable @ 100.000 12/01/2020 |
$ |
100,000 |
$ |
100,329 |
Maine Health & Higher Educational Facilities Authority 4.750% 07/01/2031 Callable @ 100.000 07/01/2021 |
250,000 |
256,515 |
||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2026 |
940,000 |
1,105,637 |
||
|
1,462,481 |
|||
General Obligation (29.0%) |
||||
City of Auburn ME 4.500% 09/01/2022 |
100,000 |
107,883 |
||
City of Biddeford ME 4.000% 10/01/2026 |
250,000 |
301,008 |
||
City of Lewiston ME 2.750% 03/15/2038 Callable @ 100.000 03/15/2027 |
100,000 |
102,863 |
||
City of Lewiston ME 2.750% 03/15/2039 Callable @ 100.000 03/15/2027 |
250,000 |
257,758 |
||
City of Lewiston ME 2.750% 03/15/2040 Callable @ 100.000 03/15/2027 |
250,000 |
258,510 |
||
City of Portland ME 4.125% 10/01/2029 |
100,000 |
100,099 |
||
City of Portland ME 4.250% 05/01/2029 |
150,000 |
150,114 |
||
City of Portland ME 5.000% 08/01/2021 |
125,000 |
129,939 |
||
City of Portland ME 5.000% 08/01/2022 Callable @ 100.000 08/01/2021 |
125,000 |
130,051 |
||
City of South Portland ME 2.000% 08/15/2038 Callable @ 100.000 08/15/2030 |
330,000 |
331,119 |
||
City of Waterville ME 4.000% 07/01/2025 Callable @ 100.000 07/01/2021 |
135,000 |
138,776 |
||
*Maine School Administrative District No 28 4.000% 05/01/2036 Callable @ 100.000 05/01/2028 |
500,000 |
574,790 |
||
Maine School Administrative District No 51 4.000% 10/15/2029 Callable @ 100.000 10/15/2024 |
100,000 |
112,421 |
||
Regional School Unit No 26 3.000% 09/01/2044 Callable @ 100.000 09/01/2029 |
475,000 |
502,023 |
||
Town of Brunswick ME 2.500% 11/01/2041 Callable @ 100.000 11/01/2030 |
500,000 |
509,335 |
||
Town of Scarborough ME 4.000% 11/01/2028 Callable @ 100.000 11/01/2023 |
100,000 |
109,882 |
||
Town of Yarmouth ME 2.250% 11/15/2045 Callable @ 100.000 11/15/2030 |
500,000 |
490,535 |
||
Wells Ogunquit Community School District 4.000% 11/01/2024 |
100,000 |
112,244 |
||
|
4,419,348 |
|||
Health Care (16.7%) |
||||
Maine Health & Higher Educational Facilities Authority 3.000% 07/01/2039 Callable @ 100.000 07/01/2029 |
250,000 |
255,690 |
||
Maine Health & Higher Educational Facilities Authority 4.500% 07/01/2031 |
5,000 |
5,003 |
||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2029 Callable @ 100.000 07/01/2024 |
1,000,000 |
1,119,780 |
||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2030 Callable @ 100.000 07/01/2024 |
500,000 |
558,250 |
||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2031 Callable @ 100.000 07/01/2024 |
500,000 |
555,295 |
||
Maine Health & Higher Educational Facilities Authority 5.250% 07/01/2023 |
55,000 |
55,046 |
||
|
2,549,065 |
|||
Housing (14.7%) |
||||
Maine State Housing Authority 2.250% 11/15/2045 Callable @ 100.000 05/15/2029 |
250,000 |
243,375 |
||
Maine State Housing Authority 2.500% 11/15/2045 Callable @ 100.000 11/15/2028 |
165,000 |
166,789 |
||
Maine State Housing Authority 3.000% 11/15/2036 Callable @ 100.000 11/15/2025 |
400,000 |
415,716 |
||
Maine State Housing Authority 3.350% 11/15/2044 Callable @ 100.000 05/15/2028 |
155,000 |
162,363 |
||
Maine State Housing Authority 4.000% 11/15/2035 Callable @ 100.000 11/15/2024 |
435,000 |
464,784 |
||
*Maine State Housing Authority 4.000% 11/15/2044 Callable @ 100.000 05/15/2028 |
500,000 |
540,855 |
||
Maine State Housing Authority 5.000% 06/15/2024 |
250,000 |
250,245 |
||
|
2,244,127 |
|||
Other Revenue (5.7%) |
||||
Maine Governmental Facilities Authority 4.000% 10/01/2024 Callable @ 100.000 10/01/2021 |
200,000 |
206,720 |
||
Maine Municipal Bond Bank 3.000% 11/01/2040 Callable @ 100.000 11/01/2030 |
250,000 |
269,733 |
||
Maine Municipal Bond Bank 4.000% 11/01/2038 Callable @ 100.000 11/01/2022 |
125,000 |
130,586 |
||
Maine Municipal Bond Bank 4.900% 11/01/2024 |
5,000 |
5,000 |
||
Maine Municipal Bond Bank 5.000% 11/01/2025 Callable @ 100.000 11/01/2022 |
125,000 |
137,756 |
||
Maine Municipal Bond Bank 5.000% 11/01/2027 Callable @ 100.000 11/01/2024 |
100,000 |
118,028 |
||
|
867,823 |
|||
PreRefunded (10.3%) |
||||
Maine Health & Higher Educational Facilities Authority 4.000% 07/01/2024 Callable @ 100.000 07/01/2022 |
270,000 |
286,732 |
||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2023 |
15,000 |
16,956 |
||
Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2034 Callable @ 100.000 07/01/2024 |
250,000 |
292,645 |
||
*Maine Health & Higher Educational Facilities Authority 5.000% 07/01/2039 Callable @ 100.000 07/01/2024 |
750,000 |
871,065 |
||
Regional School Unit No 1 Lower Kennebec Region School Unit 5.000% 02/01/2026 Callable @ 100.000 02/01/2021 |
100,000 |
101,160 |
||
|
1,568,558 |
|||
Transportation (3.9%) |
||||
City of Portland ME General Airport Revenue 5.000% 07/01/2022 |
100,000 |
108,212 |
||
City of Portland ME General Airport Revenue 5.000% 07/01/2023 |
100,000 |
112,002 |
||
City of Portland ME General Airport Revenue 5.000% 07/01/2024 Callable @ 100.000 07/01/2023 |
100,000 |
111,813 |
||
Maine Turnpike Authority 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 |
250,000 |
271,355 |
||
|
603,382 |
|||
Utilities (5.0%) |
||||
Kennebunk Light & Power District 5.000% 08/01/2022 |
215,000 |
215,209 |
||
Portland Water District 3.000% 11/01/2039 Callable @ 100.000 11/01/2029 |
500,000 |
|
543,580 |
|
|
758,789 |
|||
TOTAL MUNICIPAL BONDS (COST: $13,838,030) |
$ |
14,473,573 |
||
OTHER ASSETS LESS LIABILITIES (5.1%) |
|
779,634 |
||
NET ASSETS (100.0%) |
$ |
15,253,207 |
||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
NEBRASKA MUNICIPAL FUND |
||||
Schedule of Investments October 30, 2020 (unaudited) |
||||
Principal |
Fair |
|||
|
Amount |
|
Value |
|
MUNICIPAL BONDS (96.0%) |
||||
Education (1.4%) |
||||
Nebraska Educational Health & Social Services Finance Authority 5.050% 09/01/2030 Callable @ 100.000 05/18/2021 |
$ |
250,000 |
$ |
259,280 |
Southeast Community College 3.000% 03/15/2045 Callable @ 100.000 07/02/2025 |
500,000 |
500,865 |
||
|
760,145 |
|||
General Obligation (35.7%) |
||||
City of Lincoln NE 3.000% 12/01/2039 Callable @ 100.000 06/01/2029 |
685,000 |
731,895 |
||
City of Omaha NE 3.750% 01/15/2038 Callable @ 100.000 01/15/2027 |
500,000 |
547,520 |
||
City of Omaha NE 4.000% 04/15/2037 Callable @ 100.000 04/15/2029 |
500,000 |
592,280 |
||
City of Omaha NE 5.000% 04/15/2027 Callable @ 100.000 04/15/2026 |
955,000 |
1,190,589 |
||
City of Omaha NE 5.000% 04/15/2028 Callable @ 100.000 04/15/2026 |
500,000 |
618,305 |
||
City of Sidney NE 4.000% 12/15/2036 Callable @ 100.000 12/15/2021 |
1,250,000 |
1,286,613 |
||
County of Kearney NE 4.000% 06/01/2024 |
350,000 |
391,843 |
||
Douglas County School District No 17/NE 2.000% 12/15/2039 Callable @ 100.000 12/15/2030 |
1,000,000 |
985,080 |
||
Douglas County School District No 17/NE 2.000% 12/15/2040 Callable @ 100.000 12/15/2030 |
1,000,000 |
973,190 |
||
Douglas County School District No 59/NE 3.500% 06/15/2043 Callable @ 100.000 03/15/2024 |
500,000 |
519,880 |
||
Elkhorn School District 4.000% 12/15/2030 Callable @ 100.000 12/15/2026 |
500,000 |
578,510 |
||
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2025 |
300,000 |
334,857 |
||
Elkhorn School District 4.000% 12/15/2034 Callable @ 100.000 12/15/2028 |
500,000 |
587,855 |
||
Elkhorn School District 4.000% 12/15/2037 Callable @ 100.000 12/15/2029 |
300,000 |
353,784 |
||
Elkhorn School District 5.000% 06/15/2022 |
475,000 |
510,739 |
||
Fremont School District 1.100% 12/15/2020 |
100,000 |
100,090 |
||
Hall County Airport Authority 5.000% 07/15/2030 Callable @ 100.000 08/15/2021 |
410,000 |
427,794 |
||
Hall County Airport Authority 5.000% 07/15/2031 Callable @ 100.000 08/15/2021 |
435,000 |
451,069 |
||
Kearney School District 3.000% 12/15/2024 |
350,000 |
385,396 |
||
Knox County School District N0 576 4.000% 12/15/2038 Callable @ 100.000 12/15/2023 |
590,000 |
629,890 |
||
Lancaster County School District 001 5.000% 01/15/2023 |
750,000 |
828,015 |
||
Omaha School District 3.000% 12/15/2042 Callable @ 100.000 01/30/2030 |
1,000,000 |
1,077,710 |
||
*Omaha School District 5.000% 12/15/2029 Callable @ 100.000 12/15/2026 |
1,630,000 |
2,039,097 |
||
Plattsmouth School District 3.000% 12/15/2039 Callable @ 100.000 08/21/2024 |
1,000,000 |
1,024,400 |
||
Polk County School District No 19 3.000% 06/15/2039 Callable @ 100.000 07/30/2024 |
455,000 |
469,433 |
||
Ponca Public Schools 3.000% 12/15/2026 Callable @ 100.000 02/26/2025 |
355,000 |
388,675 |
||
Sarpy County School District No 1 3.500% 12/15/2035 Callable @ 100.000 09/30/2024 |
250,000 |
267,683 |
||
Superior Public Schools 1.450% 12/15/2022 |
340,000 |
347,528 |
||
Westside Community Schools 5.000% 12/01/2038 Callable @ 100.000 12/05/2024 |
235,000 |
265,816 |
||
Westside Community Schools 5.000% 12/01/2039 Callable @ 100.000 12/05/2024 |
250,000 |
282,313 |
||
|
19,187,846 |
|||
Health Care (3.6%) |
||||
Douglas County Hospital Authority No 2 5.000% 05/15/2027 Callable @ 100.000 05/15/2026 |
200,000 |
245,728 |
||
Madison County Hospital Authority No 1 5.000% 07/01/2031 Callable @ 100.000 07/01/2025 |
500,000 |
558,720 |
||
Madison County Hospital Authority No 1 5.000% 07/01/2032 Callable @ 100.000 07/01/2025 |
335,000 |
372,771 |
||
Madison County Hospital Authority No 1 5.000% 07/01/2033 Callable @ 100.000 07/01/2025 |
450,000 |
498,713 |
||
Madison County Hospital Authority No 1 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 |
215,000 |
243,268 |
||
|
1,919,200 |
|||
Housing (3.6%) |
||||
Nebraska Investment Finance Authority 3.750% 09/01/2038 Callable @ 100.000 09/01/2027 |
560,000 |
605,259 |
||
Nebraska Investment Finance Authority 3.850% 03/01/2038 Callable @ 100.000 09/01/2024 |
515,000 |
531,058 |
||
Nebraska Investment Finance Authority 3.900% 09/01/2035 Callable @ 100.000 09/01/2024 |
730,000 |
776,443 |
||
|
1,912,760 |
|||
Other Revenue (0.9%) |
||||
Papillion Municipal Facilities Corp 3.000% 12/15/2034 Callable @ 100.000 07/30/2024 |
435,000 |
|
453,936 |
|
PreRefunded (19.2%) |
||||
City of Lincoln NE 5.500% 08/15/2031 Callable @ 100.000 02/15/2021 |
500,000 |
507,375 |
||
*City of Lincoln NE Electric System Revenue 5.000% 09/01/2037 Callable @ 100.000 09/01/2022 |
1,000,000 |
1,080,060 |
||
*City of Omaha NE 5.000% 02/01/2027 Callable @ 100.000 02/01/2022 |
1,000,000 |
1,060,640 |
||
Grand Island Public Schools 5.000% 12/15/2033 Callable @ 100.000 12/15/2024 |
500,000 |
595,445 |
||
Grand Island Public Schools 5.000% 12/15/2039 Callable @ 100.000 12/15/2024 |
500,000 |
595,445 |
||
Gretna Public Schools 5.000% 12/15/2035 Callable @ 100.000 12/15/2025 |
250,000 |
309,193 |
||
Lincoln County Hospital Authority No 1 5.000% 11/01/2023 Callable @ 100.000 11/01/2021 |
250,000 |
261,368 |
||
Lincoln County Hospital Authority No 1 5.000% 11/01/2024 Callable @ 100.000 11/01/2021 |
250,000 |
261,368 |
||
Lincoln County Hospital Authority No 1 5.000% 11/01/2025 Callable @ 100.000 11/01/2021 |
250,000 |
261,368 |
||
Lincoln County Hospital Authority No 1 5.000% 11/01/2032 Callable @ 100.000 11/01/2021 |
250,000 |
261,368 |
||
Scotts Bluff County School District No 32 5.000% 12/01/2031 Callable @ 100.000 12/01/2025 |
250,000 |
308,535 |
||
University of Nebraska 5.000% 05/15/2033 Callable @ 100.000 11/15/2025 |
250,000 |
306,145 |
||
University of Nebraska 5.000% 05/15/2035 Callable @ 100.000 05/15/2025 |
500,000 |
602,485 |
||
University of Nebraska 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 |
1,500,000 |
1,818,615 |
||
University of Nebraska 5.000% 07/01/2038 Callable @ 100.000 07/01/2022 |
250,000 |
269,128 |
||
University of Nebraska 5.000% 07/01/2042 Callable @ 100.000 01/01/2022 |
1,000,000 |
1,050,810 |
||
West Haymarket Joint Public Agency 5.000% 12/15/2042 Callable @ 100.000 12/15/2021 |
750,000 |
790,163 |
||
|
10,339,508 |
|||
Transportation (3.3%) |
||||
Omaha Airport Authority 5.000% 12/15/2027 Callable @ 100.000 12/15/2026 |
500,000 |
606,315 |
||
Omaha Airport Authority 5.000% 12/15/2036 Callable @ 100.000 12/15/2026 |
1,000,000 |
1,172,350 |
||
|
1,778,665 |
|||
Utilities (28.3%) |
||||
*Central Plains Energy Project 5.000% 09/01/2027 Callable @ 100.000 09/01/2022 |
2,000,000 |
2,121,940 |
||
Central Plains Energy Project 5.000% 09/01/2042 Callable @ 100.000 09/01/2022 |
500,000 |
535,295 |
||
Central Plains Energy Project 5.250% 09/01/2037 Callable @ 100.000 09/01/2022 |
500,000 |
536,515 |
||
City of Columbus NE Combined Revenue 4.000% 12/15/2032 Callable @ 100.000 12/15/2026 |
100,000 |
114,498 |
||
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2033 Callable @ 100.000 06/15/2030 |
300,000 |
360,651 |
||
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2034 Callable @ 100.000 06/15/2030 |
300,000 |
358,338 |
||
City of Columbus NE Combined Utilities System Revenue 4.000% 06/15/2035 Callable @ 100.000 06/15/2030 |
300,000 |
356,697 |
||
City of Grand Island NE Sewer System Revenue 5.000% 09/15/2026 Callable @ 100.000 09/17/2023 |
250,000 |
285,870 |
||
City of Hastings NE Combined Utility Revenue 4.000% 10/15/2032 Callable @ 100.000 10/15/2022 |
500,000 |
527,550 |
||
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2025 Callable @ 100.000 08/01/2023 |
275,000 |
305,583 |
||
City of Lincoln NE Solid Waste Management Revenue 4.000% 08/01/2027 Callable @ 100.000 08/01/2023 |
400,000 |
441,116 |
||
City of Omaha NE Sewer Revenue 4.000% 04/01/2035 Callable @ 100.000 04/01/2026 |
250,000 |
279,850 |
||
#City of Omaha NE Sewer Revenue 4.000% 04/01/2037 Callable @ 100.000 04/01/2030 |
750,000 |
896,595 |
||
#City of Omaha NE Sewer Revenue 4.000% 04/01/2038 Callable @ 100.000 04/01/2030 |
400,000 |
472,252 |
||
#City of Omaha NE Sewer Revenue 4.000% 04/01/2039 Callable @ 100.000 04/01/2030 |
250,000 |
293,743 |
||
City of Omaha NE Sewer Revenue 5.000% 11/15/2029 Callable @ 100.000 11/15/2024 |
250,000 |
290,650 |
||
City of Omaha NE Sewer Revenue 5.000% 11/15/2030 Callable @ 100.000 11/15/2024 |
250,000 |
290,115 |
||
City of Omaha NE Sewer Revenue 5.000% 11/15/2031 Callable @ 100.000 11/15/2024 |
500,000 |
580,240 |
||
Metropolitan Utilities District of Omaha 4.000% 12/15/2026 Callable @ 100.000 12/15/2022 |
250,000 |
269,800 |
||
Municipal Energy Agency of Nebraska 5.000% 04/01/2030 Callable @ 100.000 04/01/2022 |
500,000 |
531,780 |
||
Municipal Energy Agency of Nebraska 5.000% 04/01/2032 Callable @ 100.000 04/01/2022 |
100,000 |
105,932 |
||
Nebraska Public Power District 5.000% 01/01/2030 Callable @ 100.000 01/01/2022 |
500,000 |
527,530 |
||
*Nebraska Public Power District 5.000% 01/01/2036 Callable @ 100.000 01/01/2026 |
2,355,000 |
2,753,442 |
||
Nebraska Public Power District 5.000% 01/01/2041 Callable @ 100.000 01/01/2026 |
250,000 |
291,240 |
||
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2032 Callable @ 100.000 02/01/2026 |
400,000 |
451,720 |
||
Omaha Public Power District Nebraska City Station Unit 2 4.000% 02/01/2035 Callable @ 100.000 02/01/2026 |
365,000 |
408,417 |
||
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2031 Callable @ 100.000 02/01/2026 |
445,000 |
534,712 |
||
Omaha Public Power District Nebraska City Station Unit 2 5.000% 02/01/2032 Callable @ 100.000 02/01/2025 |
250,000 |
290,563 |
||
|
15,212,633 |
|||
TOTAL MUNICIPAL BONDS (COST:48,994,034) |
$ |
51,564,691 |
||
OTHER ASSETS LESS LIABILITIES (4.0%) |
$ |
2,126,103 |
||
NET ASSETS (100.0%) |
$ |
53,690,794 |
||
#When-issued purchase as of October 30, 2020 |
||||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
OKLAHOMA MUNICIPAL BOND |
||||
Schedule of Investments October 30, 2020 (unaudited) |
||||
Principal |
Fair |
|||
|
Amount |
|
Value |
|
MUNICIPAL BONDS (97.6%) |
||||
Education (8.7%) |
||||
Oklahoma Development Finance Authority 4.000% 08/01/2030 Callable @ 100.000 08/01/2024 |
$ |
280,000 |
$ |
309,084 |
Oklahoma Development Finance Authority 4.000% 08/01/2031 Callable @ 100.000 08/01/2024 |
290,000 |
318,301 |
||
Oklahoma Development Finance Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2024 |
305,000 |
333,914 |
||
Oklahoma Development Finance Authority 4.000% 08/01/2033 Callable @ 100.000 08/01/2024 |
315,000 |
343,564 |
||
Oklahoma Development Finance Authority 5.000% 06/01/2029 Callable @ 100.000 06/01/2024 |
250,000 |
288,923 |
||
Oklahoma Development Finance Authority 5.000% 06/01/2034 Callable @ 100.000 06/01/2024 |
500,000 |
567,635 |
||
Oklahoma Development Finance Authority 5.000% 06/01/2039 Callable @ 100.000 06/01/2024 |
500,000 |
556,545 |
||
Oklahoma Development Finance Authority 5.000% 06/01/2039 Callable @ 100.000 06/01/2024 |
500,000 |
563,235 |
||
Oklahoma State University 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 |
370,000 |
441,166 |
||
Oklahoma State University 5.000% 08/01/2032 Callable @ 100.000 08/01/2028 |
250,000 |
314,900 |
||
University of Oklahoma/The 4.000% 07/01/2040 Callable @ 100.000 07/01/2025 |
650,000 |
687,206 |
||
University of Oklahoma/The 5.000% 07/01/2036 Callable @ 100.000 07/01/2025 |
500,000 |
569,090 |
||
University of Oklahoma/The 5.000% 07/01/2037 Callable @ 100.000 07/01/2021 |
290,000 |
299,048 |
||
University of Oklahoma/The 5.000% 07/01/2038 Callable @ 100.000 07/01/2025 |
500,000 |
567,575 |
||
|
6,160,185 |
|||
General Obligation (8.1%) |
||||
City of Bartlesville OK 2.000% 12/01/2028 |
195,000 |
209,019 |
||
City of Broken Arrow OK 2.000% 12/01/2021 |
500,000 |
508,270 |
||
City of Broken Arrow OK 3.125% 12/01/2035 Callable @ 100.000 12/01/2026 |
575,000 |
616,521 |
||
City of Broken Arrow OK 4.000% 12/01/2037 Callable @ 100.000 12/01/2028 |
605,000 |
686,530 |
||
City of Broken Arrow OK 4.000% 12/01/2038 Callable @ 100.000 12/01/2028 |
610,000 |
690,752 |
||
City of Broken Arrow OK 4.125% 08/01/2031 Callable @ 100.000 08/01/2021 |
180,000 |
184,378 |
||
City of Lawton OK 2.000% 12/01/2022 |
500,000 |
515,735 |
||
City of Midwest City OK 3.000% 06/01/2041 Callable @ 100.000 06/01/2029 |
500,000 |
525,390 |
||
City of Oklahoma City OK 4.000% 03/01/2032 Callable @ 100.000 03/01/2027 |
1,305,000 |
1,535,398 |
||
City of Perkins OK 3.000% 06/01/2033 |
125,000 |
139,161 |
||
City of Perkins OK 3.000% 06/01/2034 |
115,000 |
127,044 |
||
|
5,738,196 |
|||
Health Care (6.2%) |
||||
Norman Regional Hospital Authority 3.250% 09/01/2039 Callable @ 100.000 09/01/2029 |
895,000 |
902,393 |
||
Norman Regional Hospital Authority 5.000% 09/01/2045 Callable @ 100.000 09/01/2029 |
200,000 |
232,776 |
||
Oklahoma Development Finance Authority 4.000% 08/15/2038 Callable @ 100.000 08/15/2025 |
250,000 |
271,878 |
||
Oklahoma Development Finance Authority 4.000% 08/15/2048 Callable @ 100.000 08/15/2028 |
825,000 |
881,447 |
||
Oklahoma Development Finance Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2025 |
250,000 |
259,638 |
||
Oklahoma Development Finance Authority 5.000% 08/15/2025 |
350,000 |
405,101 |
||
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2025 |
250,000 |
284,135 |
||
Oklahoma Development Finance Authority 5.000% 08/15/2029 Callable @ 100.000 08/15/2028 |
345,000 |
413,345 |
||
Oklahoma Development Finance Authority 5.000% 08/15/2033 Callable @ 100.000 08/15/2028 |
175,000 |
204,052 |
||
Tulsa County Industrial Authority 3.000% 02/01/2037 Callable @ 100.000 02/01/2029 |
500,000 |
521,275 |
||
|
4,376,037 |
|||
Housing (1.8%) |
||||
Oklahoma Housing Finance Agency 3.000% 09/01/2039 Callable @ 100.000 03/01/2028 |
915,000 |
948,471 |
||
Oklahoma Housing Finance Agency 3.200% 03/01/2042 Callable @ 100.000 03/01/2028 |
310,000 |
331,390 |
||
|
1,279,861 |
|||
Other Revenue (26.7%) |
||||
Bryan County School Finance Authority 4.000% 12/01/2028 |
385,000 |
467,190 |
||
Bryan County School Finance Authority 4.000% 12/01/2029 |
415,000 |
509,919 |
||
Bryan County School Finance Authority 4.000% 12/01/2030 Callable @ 100.000 12/01/2029 |
435,000 |
532,479 |
||
Caddo County Governmental Building Authority 5.000% 09/01/2040 Callable @ 100.000 09/01/2028 |
1,010,000 |
1,098,314 |
||
City of Oklahoma City OK 5.000% 03/01/2032 |
250,000 |
250,025 |
||
City of Oklahoma City OK 5.000% 03/01/2033 |
250,000 |
250,030 |
||
City of Oklahoma City OK 5.000% 03/01/2034 |
500,000 |
500,240 |
||
Elk City Industrial Authority 3.000% 05/01/2034 Callable @ 100.000 05/01/2029 |
1,050,000 |
1,125,768 |
||
Elk City Industrial Authority 3.000% 05/01/2039 Callable @ 100.000 05/01/2029 |
425,000 |
427,061 |
||
Garvin County Educational Facilities Authority 4.000% 09/01/2031 |
665,000 |
813,295 |
||
Goldsby Public Works Authority 3.000% 08/01/2021 |
165,000 |
166,993 |
||
Grady County School Finance Authority 5.000% 09/01/2032 Callable @ 100.000 09/01/2028 |
370,000 |
460,228 |
||
Kingfisher County Educational Facilities Authority 3.000% 03/01/2033 Callable @ 100.000 03/01/2029 |
250,000 |
270,900 |
||
Leflore County Public Facility Authority 3.000% 12/01/2032 Callable @ 100.000 12/01/2029 |
500,000 |
535,425 |
||
Marshall County Educational Facilities Authority 4.000% 09/01/2036 Callable @ 100.000 09/01/2030 |
500,000 |
590,260 |
||
Muskogee Industrial Trust 5.000% 09/01/2026 |
400,000 |
489,620 |
||
Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2029 |
500,000 |
566,870 |
||
Oklahoma Capitol Improvement Authority 5.000% 07/01/2035 Callable @ 100.000 07/01/2029 |
530,000 |
674,330 |
||
Oklahoma City Public Property Authority 5.000% 10/01/2027 Callable @ 100.000 10/01/2025 |
350,000 |
416,535 |
||
Oklahoma City Public Property Authority 5.000% 10/01/2028 Callable @ 100.000 10/01/2025 |
400,000 |
472,652 |
||
Oklahoma City Public Property Authority 5.000% 10/01/2029 Callable @ 100.000 10/01/2025 |
625,000 |
733,181 |
||
Oklahoma City Public Property Authority 5.000% 10/01/2036 Callable @ 100.000 10/01/2025 |
230,000 |
263,962 |
||
Oklahoma City Public Property Authority 5.000% 10/01/2039 Callable @ 100.000 10/01/2025 |
835,000 |
948,577 |
||
Oklahoma Development Finance Authority 3.000% 06/01/2029 |
195,000 |
218,739 |
||
Oklahoma Development Finance Authority 3.000% 06/01/2030 |
180,000 |
201,895 |
||
Oklahoma Development Finance Authority 4.000% 06/01/2032 Callable @ 100.000 06/01/2030 |
140,000 |
164,409 |
||
Oklahoma Development Finance Authority 4.000% 06/01/2033 Callable @ 100.000 06/01/2030 |
145,000 |
168,552 |
||
Oklahoma Development Finance Authority 4.000% 06/01/2034 Callable @ 100.000 06/01/2030 |
150,000 |
173,369 |
||
Oklahoma Development Finance Authority 4.000% 06/01/2035 Callable @ 100.000 06/01/2030 |
155,000 |
178,484 |
||
Oklahoma Development Finance Authority 4.000% 06/01/2038 Callable @ 100.000 06/01/2029 |
725,000 |
831,263 |
||
Oklahoma Development Finance Authority 4.000% 06/01/2040 Callable @ 100.000 06/01/2030 |
250,000 |
296,690 |
||
Okmulgee County Governmental Building Authority 4.250% 12/01/2035 Callable @ 100.000 12/01/2023 |
500,000 |
536,230 |
||
Ottawa County Educational Facilities Authority 4.000% 09/01/2022 |
990,000 |
1,052,212 |
||
Sand Springs Municipal Authority 4.000% 01/01/2036 Callable @ 100.000 01/01/2023 |
500,000 |
527,140 |
||
Sand Springs Municipal Authority 4.250% 01/01/2035 Callable @ 100.000 01/01/2023 |
250,000 |
265,270 |
||
Tahlequah Public Facilities Authority 4.000% 04/01/2023 |
550,000 |
596,486 |
||
Tulsa County Industrial Authority 4.000% 12/01/2030 Callable @ 100.000 12/01/2026 |
250,000 |
292,428 |
||
Tulsa Public Facilities Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2025 |
200,000 |
213,350 |
||
Wagoner County School Development Authority 4.000% 09/01/2027 |
500,000 |
594,065 |
||
|
18,874,436 |
|||
PreRefunded (3.4%) |
||||
Oklahoma Capitol Improvement Authority 4.000% 07/01/2043 Callable @ 100.000 07/01/2026 |
500,000 |
591,950 |
||
Oklahoma City Water Utilities Trust 5.000% 07/01/2031 Callable @ 100.000 07/01/2021 |
250,000 |
257,800 |
||
Oklahoma Development Finance Authority 5.000% 02/15/2042 Callable @ 100.000 02/15/2022 |
250,000 |
264,990 |
||
Oklahoma Turnpike Authority 5.000% 01/01/2030 Callable @ 100.000 01/01/2021 |
250,000 |
252,070 |
||
Oklahoma Water Resources Board 4.000% 04/01/2025 Callable @ 100.000 04/01/2022 |
150,000 |
158,265 |
||
Sapulpa Municipal Authority 5.000% 04/01/2028 Callable @ 100.000 04/01/2023 |
750,000 |
826,770 |
||
2,351,845 |
||||
Transportation (13.4%) |
||||
#Oklahoma Capitol Improvement Authority 4.000% 07/01/2045 Callable @ 100.000 07/01/2030 |
2,000,000 |
2,308,200 |
||
Oklahoma Capitol Improvement Authority 4.000% 10/01/2024 Callable @ 100.000 10/01/2021 |
800,000 |
830,128 |
||
Oklahoma Capitol Improvement Authority 4.000% 10/01/2025 Callable @ 100.000 10/01/2021 |
1,000,000 |
1,037,300 |
||
Oklahoma Turnpike Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2027 |
100,000 |
111,264 |
||
Oklahoma Turnpike Authority 4.000% 01/01/2042 Callable @ 100.000 01/01/2027 |
1,000,000 |
1,111,420 |
||
Oklahoma Turnpike Authority 5.000% 01/01/2028 Callable @ 100.000 01/01/2021 |
250,000 |
250,773 |
||
Tulsa Airports Improvement Trust 4.000% 06/01/2035 Callable @ 100.000 06/01/2028 |
1,355,000 |
1,488,224 |
||
Tulsa Airports Improvement Trust 4.000% 06/01/2036 Callable @ 100.000 06/01/2028 |
145,000 |
159,004 |
||
Tulsa Airports Improvement Trust 5.000% 06/01/2023 Callable @ 100.000 06/01/2021 |
420,000 |
430,353 |
||
Tulsa Airports Improvement Trust 5.000% 06/01/2024 Callable @ 100.000 06/01/2021 |
230,000 |
235,552 |
||
Tulsa Airports Improvement Trust 5.000% 06/01/2027 |
300,000 |
369,639 |
||
Tulsa Airports Improvement Trust 5.250% 06/01/2025 Callable @ 100.000 06/01/2021 |
245,000 |
251,248 |
||
Tulsa Airports Improvement Trust 5.250% 06/01/2026 Callable @ 100.000 06/01/2021 |
360,000 |
368,993 |
||
Tulsa Parking Authority 4.000% 07/01/2025 Callable @ 100.000 07/01/2021 |
500,000 |
512,200 |
||
|
9,464,297 |
|||
Utilities (29.3%) |
||||
Clinton Public Works Authority 4.000% 12/01/2034 Callable @ 100.000 12/01/2024 |
750,000 |
811,163 |
||
Clinton Public Works Authority 4.000% 12/01/2039 Callable @ 100.000 12/01/2024 |
500,000 |
539,175 |
||
Coweta Public Works Authority 4.000% 08/01/2032 Callable @ 100.000 08/01/2026 |
1,000,000 |
1,124,040 |
||
Edmond Public Works Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2027 |
500,000 |
619,245 |
||
Glenpool Utility Services Authority 5.100% 12/01/2035 Callable @ 100.000 12/01/2020 |
250,000 |
251,135 |
||
Jenks Public Works Authority 3.000% 08/01/2029 Callable @ 100.000 08/01/2024 |
325,000 |
345,504 |
||
Miami Special Utility Authority 4.000% 12/01/2036 Callable @ 100.000 12/01/2026 |
500,000 |
546,445 |
||
*Midwest City Municipal Authority 5.000% 03/01/2025 Callable @ 100.000 03/01/2021 |
2,000,000 |
2,033,860 |
||
Oklahoma City Water Utilities Trust 4.000% 07/01/2039 Callable @ 100.000 07/01/2025 |
175,000 |
191,699 |
||
Oklahoma City Water Utilities Trust 5.000% 07/01/2034 Callable @ 100.000 07/01/2025 |
100,000 |
117,038 |
||
*Oklahoma Municipal Power Authority 5.750% 01/01/2024 |
370,000 |
425,900 |
||
Oklahoma Water Resources Board 4.000% 04/01/2033 Callable @ 100.000 04/01/2030 |
500,000 |
613,675 |
||
Oklahoma Water Resources Board 4.000% 10/01/2038 Callable @ 100.000 10/01/2028 |
325,000 |
376,594 |
||
Oklahoma Water Resources Board 4.000% 10/01/2043 Callable @ 100.000 10/01/2028 |
830,000 |
957,737 |
||
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 |
955,000 |
1,114,132 |
||
Oklahoma Water Resources Board 4.000% 10/01/2045 Callable @ 100.000 10/01/2030 |
465,000 |
542,483 |
||
Oklahoma Water Resources Board 4.000% 10/01/2048 Callable @ 100.000 10/01/2028 |
1,460,000 |
1,669,510 |
||
Oklahoma Water Resources Board 4.000% 10/01/2050 Callable @ 100.000 10/01/2030 |
515,000 |
596,741 |
||
Oklahoma Water Resources Board 5.000% 04/01/2032 Callable @ 100.000 04/01/2022 |
140,000 |
148,686 |
||
Oklahoma Water Resources Board 5.000% 10/01/2029 Callable @ 100.000 10/01/2024 |
250,000 |
289,688 |
||
Oklahoma Water Resources Board 5.000% 10/01/2033 Callable @ 100.000 10/01/2024 |
500,000 |
575,565 |
||
Sand Springs Municipal Authority Water Sewer Utility & 1% Sales Tax Revenue 3.000% 11/01/2038 Callable @ 100.000 11/01/2028 |
980,000 |
1,047,640 |
||
*Sand Springs Municipal Authority Water Sewer Utility & 1% Sales Tax Revenue 3.000% 11/01/2042 Callable @ 100.000 11/01/2028 |
1,500,000 |
1,597,815 |
||
Tulsa Metropolitan Utility Authority 2.000% 10/01/2038 Callable @ 100.000 10/01/2030 |
500,000 |
501,935 |
||
Tulsa Metropolitan Utility Authority 2.000% 10/01/2039 Callable @ 100.000 10/01/2030 |
500,000 |
501,485 |
||
*Washington County Rural Water District No 3 3.000% 09/15/2041 Callable @ 100.000 03/01/2028 |
3,000,000 |
3,167,760 |
||
|
20,706,647 |
|||
TOTAL MUNICIPAL BONDS (COST: $66,359,253 ) |
$ |
68,951,504 |
||
OTHER ASSETS LESS LIABILITIES (2.4%) |
$ |
1,676,988 |
||
NET ASSETS (100.0%) |
$ |
70,628,492 |
||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
#When-issued purchase as of October 30, 2020. |
||||
VIKING TAX-FREE FUND FOR MONTANA |
||||
Schedule of Investments October 30, 2020 (unaudited) |
||||
Principal |
Fair |
|||
|
Amount |
|
Value |
|
MUNICIPAL BONDS (96.3%) |
||||
Education (1.6%) |
||||
Montana State Board of Regents 4.000% 11/15/2025 Callable @ 100.000 11/15/2022 |
$ |
500,000 |
$ |
540,015 |
Montana State Board of Regents 5.000% 11/15/2025 Callable @ 100.000 11/15/2023 |
500,000 |
572,640 |
||
Montana State Board of Regents 5.000% 11/15/2030 Callable @ 100.000 11/15/2023 |
240,000 |
266,062 |
||
|
1,378,717 |
|||
General Obligation (49.0%) |
||||
Broadwater County K 12 School District No 1 Townsend 3.000% 07/01/2038 Callable @ 100.000 07/01/2030 |
475,000 |
511,072 |
||
Broadwater County K 12 School District No 1 Townsend 3.000% 07/01/2039 Callable @ 100.000 07/01/2030 |
410,000 |
439,401 |
||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2037 Callable @ 100.000 01/01/2031 |
580,000 |
641,561 |
||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2038 Callable @ 100.000 01/01/2031 |
600,000 |
662,118 |
||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2039 Callable @ 100.000 01/01/2031 |
620,000 |
681,374 |
||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2040 Callable @ 100.000 01/01/2031 |
535,000 |
585,718 |
||
Carbon County K 12 School District No 2 Bridger 3.000% 07/01/2041 Callable @ 100.000 01/01/2031 |
500,000 |
545,950 |
||
Cascade County Elementary School District No 1 Great Falls 4.000% 07/01/2031 Callable @ 100.000 07/01/2027 |
700,000 |
820,022 |
||
City & County of Butte Silver Bow MT 4.000% 07/01/2030 Callable @ 100.000 07/01/2026 |
225,000 |
259,112 |
||
City & County of Butte Silver Bow MT 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 |
240,000 |
273,749 |
||
City & County of Butte Silver Bow MT 4.500% 07/01/2034 Callable @ 100.000 07/01/2026 |
850,000 |
991,432 |
||
City of Bozeman MT 4.000% 07/01/2028 Callable @ 100.000 01/01/2024 |
540,000 |
601,517 |
||
City of Bozeman MT 4.000% 07/01/2034 Callable @ 100.000 07/01/2029 |
500,000 |
590,850 |
||
City of Fort Benton MT 3.000% 07/01/2035 Callable @ 100.000 07/01/2030 |
715,000 |
768,861 |
||
City of Fort Benton MT 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 |
770,000 |
809,863 |
||
City of Missoula MT 4.000% 07/01/2031 Callable @ 100.000 07/01/2025 |
250,000 |
283,190 |
||
County of Ravalli MT 4.250% 07/01/2030 Callable @ 100.000 07/01/2024 |
755,000 |
839,417 |
||
Desmet School District No 20 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 |
320,000 |
345,754 |
||
Flathead County High School District No 5 Kalispell 5.000% 07/01/2039 Callable @ 100.000 07/01/2028 |
455,000 |
569,828 |
||
Flathead County School District No 6 Columbia Falls 4.000% 07/01/2039 Callable @ 100.000 07/01/2030 |
1,000,000 |
1,171,810 |
||
Gallatin County High School District No 7 Bozeman 3.000% 06/01/2035 Callable @ 100.000 06/01/2027 |
300,000 |
319,854 |
||
Gallatin County High School District No 7 Bozeman 3.000% 12/01/2034 Callable @ 100.000 06/01/2027 |
500,000 |
536,615 |
||
Gallatin County MO Etc MO High School District No J 24 Three Forks 4.000% 07/01/2037 Callable @ 100.000 07/01/2030 |
605,000 |
712,049 |
||
Gallatin County School District No 27 Monforton 4.250% 06/15/2026 Callable @ 100.000 06/15/2023 |
415,000 |
457,397 |
||
Gallatin County School District No 3 Manhattan 4.000% 07/01/2034 Callable @ 100.000 07/01/2026 |
465,000 |
525,334 |
||
Gallatin County School District No 44 Belgrade 3.500% 06/15/2028 Callable @ 100.000 06/15/2021 |
575,000 |
587,259 |
||
Gallatin County School District No 44 Belgrade 4.000% 06/01/2031 Callable @ 100.000 06/01/2029 |
265,000 |
319,399 |
||
Gallatin County School District No 44 Belgrade 4.000% 06/01/2036 Callable @ 100.000 06/01/2029 |
345,000 |
404,851 |
||
Gallatin County School District No 7 Bozeman 4.000% 12/01/2032 Callable @ 100.000 06/01/2026 |
610,000 |
692,515 |
||
Gallatin County School District No 7 Bozeman 4.000% 12/01/2033 Callable @ 100.000 06/01/2026 |
260,000 |
293,597 |
||
Gallatin County School District No 72 Ophir 3.500% 07/01/2023 Callable @ 100.000 01/01/2021 |
555,000 |
558,752 |
||
Gallatin County School District No 72 Ophir 3.750% 07/01/2024 Callable @ 100.000 01/01/2021 |
645,000 |
649,431 |
||
Gallatin County School District No 72 Ophir 4.000% 07/01/2025 Callable @ 100.000 01/01/2021 |
420,000 |
423,037 |
||
Gallatin County School District No 72 Ophir 4.000% 07/01/2034 Callable @ 100.000 07/01/2030 |
310,000 |
370,673 |
||
Gallatin County School District No 72 Ophir 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 |
535,000 |
637,089 |
||
Gallatin County School District No 72 Ophir 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 |
565,000 |
673,000 |
||
Gallatin County School District No 72 Ophir 4.000% 07/01/2037 Callable @ 100.000 07/01/2030 |
800,000 |
946,184 |
||
Hellgate School District No 4 5.000% 06/15/2028 Callable @ 100.000 06/15/2027 |
500,000 |
636,810 |
||
Hellgate School District No 4 5.000% 06/15/2029 Callable @ 100.000 06/15/2027 |
500,000 |
630,865 |
||
Hellgate School District No 4 5.000% 06/15/2030 Callable @ 100.000 06/15/2027 |
500,000 |
626,255 |
||
*Missoula County Elementary School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 |
500,000 |
568,265 |
||
Missoula County Elementary School District No 1 4.000% 07/01/2033 Callable @ 100.000 07/01/2026 |
750,000 |
853,418 |
||
Missoula High School District No 1 4.000% 07/01/2032 Callable @ 100.000 07/01/2026 |
275,000 |
314,801 |
||
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 |
250,000 |
290,545 |
||
Ravalli & Missoula Counties Joint School District No 15 6 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 |
250,000 |
289,535 |
||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 |
250,000 |
288,963 |
||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 |
965,000 |
1,114,015 |
||
Ravalli County High School District No 2 Stevensville 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 |
355,000 |
408,396 |
||
*Silver Bow County School District No 1 4.000% 07/01/2038 Callable @ 100.000 07/01/2029 |
1,960,000 |
2,262,663 |
||
State of Montana 4.000% 08/01/2023 |
385,000 |
427,111 |
||
State of Montana 4.000% 08/01/2026 Callable @ 100.000 08/01/2024 |
855,000 |
974,238 |
||
State of Montana 4.000% 08/01/2027 Callable @ 100.000 08/01/2024 |
480,000 |
543,902 |
||
State of Montana 5.000% 08/01/2030 |
500,000 |
686,915 |
||
Stillwater County Elementary School District No 6 Columbus 5.000% 07/01/2039 Callable @ 100.000 07/01/2029 |
300,000 |
378,009 |
||
Stillwater County High School District No 6 Columbus 4.000% 07/01/2037 Callable @ 100.000 07/01/2029 |
530,000 |
629,269 |
||
Stillwater County High School District No 6 Columbus 4.000% 07/01/2039 Callable @ 100.000 07/01/2029 |
275,000 |
324,239 |
||
Valley County K 12 School District No 1 A Glasgow/MT 4.250% 07/01/2031 Callable @ 100.000 07/01/2023 |
450,000 |
491,706 |
||
Wibaux County School District No 6 Wibaux 3.000% 07/01/2029 Callable @ 100.000 07/01/2025 |
355,000 |
381,355 |
||
Yellowstone County High School District No 7 Laurel 3.000% 07/01/2025 |
225,000 |
248,438 |
||
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2037 Callable @ 100.000 07/01/2028 |
1,000,000 |
1,241,190 |
||
Yellowstone County K 12 School District No 26 Lockwood 5.000% 07/01/2038 Callable @ 100.000 07/01/2028 |
1,500,000 |
1,833,150 |
||
Yellowstone County School District No 2 Billings 3.000% 06/15/2032 Callable @ 100.000 12/15/2027 |
630,000 |
689,327 |
||
Yellowstone County School District No 2 Billings 3.000% 06/15/2034 Callable @ 100.000 12/15/2027 |
315,000 |
339,920 |
||
Yellowstone County School District No 2 Billings 3.000% 06/15/2035 Callable @ 100.000 12/15/2027 |
430,000 |
458,784 |
||
Yellowstone County School District No 2 Billings 5.000% 06/15/2024 |
500,000 |
589,125 |
||
Yellowstone County School District No 2 Billings 5.000% 06/15/2026 Callable @ 100.000 06/15/2024 |
515,000 |
601,515 |
||
Yellowstone County School District No 2 Billings 5.000% 06/15/2027 Callable @ 100.000 06/15/2024 |
1,000,000 |
1,163,800 |
||
Yellowstone County School District No 2 Billings 5.000% 06/15/2031 Callable @ 100.000 06/15/2025 |
350,000 |
413,249 |
||
Yellowstone County School District No 2 Billings 5.000% 06/15/2032 Callable @ 100.000 06/15/2025 |
435,000 |
511,804 |
||
Yellowstone County School District No 8 Elder Grove 4.000% 07/01/2037 Callable @ 100.000 07/01/2028 |
875,000 |
1,000,843 |
||
|
43,712,050 |
|||
Health Care (16.2%) |
||||
County of Yellowstone MT 4.000% 10/01/2029 Callable @ 100.000 10/01/2024 |
710,000 |
796,286 |
||
Montana Facility Finance Authority 3.000% 07/01/2040 Callable @ 100.000 07/01/2030 |
2,000,000 |
2,103,540 |
||
Montana Facility Finance Authority 4.000% 01/01/2038 Callable @ 100.000 01/01/2030 |
1,000,000 |
1,130,370 |
||
Montana Facility Finance Authority 4.000% 07/01/2035 Callable @ 100.000 07/01/2030 |
1,075,000 |
1,160,538 |
||
Montana Facility Finance Authority 4.500% 07/01/2023 Callable @ 100.000 01/01/2021 |
1,025,000 |
1,031,437 |
||
*Montana Facility Finance Authority 4.650% 07/01/2024 Callable @ 100.000 01/01/2021 |
1,365,000 |
1,373,804 |
||
Montana Facility Finance Authority 4.750% 07/01/2025 Callable @ 100.000 01/01/2021 |
380,000 |
382,478 |
||
Montana Facility Finance Authority 5.000% 06/01/2028 Callable @ 100.000 12/01/2024 |
1,015,000 |
1,154,755 |
||
Montana Facility Finance Authority 5.000% 06/01/2029 Callable @ 100.000 06/01/2025 |
915,000 |
1,048,334 |
||
Montana Facility Finance Authority 5.000% 06/01/2035 Callable @ 100.000 06/01/2028 |
425,000 |
499,571 |
||
Montana Facility Finance Authority 5.000% 06/01/2036 Callable @ 100.000 06/01/2028 |
700,000 |
818,160 |
||
Montana Facility Finance Authority 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 |
1,000,000 |
1,185,700 |
||
Montana Facility Finance Authority 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 |
1,000,000 |
1,171,410 |
||
Montana Facility Finance Authority 5.000% 08/15/2048 Callable @ 100.000 08/15/2028 |
500,000 |
601,395 |
||
|
14,457,778 |
|||
Housing (8.4%) |
||||
Montana Board of Housing 2.250% 12/01/2040 Callable @ 100.000 12/01/2029 |
500,000 |
496,240 |
||
Montana Board of Housing 2.400% 12/01/2045 Callable @ 100.000 12/01/2029 |
500,000 |
492,320 |
||
Montana Board of Housing 2.800% 12/01/2039 Callable @ 100.000 06/01/2029 |
895,000 |
927,712 |
||
Montana Board of Housing 3.000% 12/01/2023 Callable @ 100.000 12/01/2022 |
75,000 |
76,954 |
||
Montana Board of Housing 3.000% 12/01/2045 Callable @ 100.000 06/01/2029 |
500,000 |
515,195 |
||
Montana Board of Housing 3.100% 06/01/2021 |
295,000 |
297,811 |
||
Montana Board of Housing 3.150% 06/01/2024 Callable @ 100.000 12/01/2022 |
285,000 |
294,721 |
||
Montana Board of Housing 3.150% 12/01/2024 Callable @ 100.000 12/01/2022 |
100,000 |
102,992 |
||
Montana Board of Housing 3.250% 12/01/2044 Callable @ 100.000 12/01/2028 |
1,500,000 |
1,574,955 |
||
Montana Board of Housing 3.350% 06/01/2025 Callable @ 100.000 12/01/2022 |
130,000 |
134,027 |
||
Montana Board of Housing 3.400% 12/01/2033 Callable @ 100.000 12/01/2027 |
500,000 |
548,515 |
||
Montana Board of Housing 3.800% 12/01/2038 Callable @ 100.000 06/01/2028 |
995,000 |
1,102,410 |
||
Montana Board of Housing 3.875% 12/01/2023 Callable @ 100.000 06/01/2023 |
155,000 |
163,158 |
||
Montana Board of Housing 4.050% 06/01/2024 Callable @ 100.000 06/01/2023 |
135,000 |
144,792 |
||
Montana Board of Housing 4.050% 12/01/2024 Callable @ 100.000 06/01/2023 |
390,000 |
412,234 |
||
Montana Board of Housing 4.650% 12/01/2028 Callable @ 100.000 06/01/2023 |
215,000 |
228,038 |
||
|
7,512,074 |
|||
Other Revenue (8.5%) |
||||
City & County of Butte Silver Bow MT 5.000% 07/01/2021 |
210,000 |
213,119 |
||
City of Billings MT 4.000% 07/01/2036 Callable @ 100.000 07/01/2030 |
405,000 |
438,287 |
||
City of Billings MT 4.375% 07/01/2029 Callable @ 100.000 01/01/2023 |
490,000 |
498,105 |
||
City of Billings MT 4.800% 07/01/2022 |
60,000 |
59,882 |
||
City of Billings MT 5.000% 07/01/2032 Callable @ 100.000 07/01/2028 |
710,000 |
781,547 |
||
*City of Billings MT 5.000% 07/01/2033 Callable @ 100.000 01/01/2023 |
900,000 |
925,326 |
||
City of Billings MT 5.500% 07/01/2026 Callable @ 100.000 07/01/2021 |
250,000 |
253,578 |
||
City of Kalispell MT 5.000% 07/01/2033 Callable @ 100.000 07/01/2028 |
500,000 |
612,245 |
||
City of Livingston MT 4.000% 07/01/2034 Callable @ 100.000 01/01/2029 |
525,000 |
581,070 |
||
City of Missoula MT 4.750% 07/01/2027 |
105,000 |
105,089 |
||
City of Missoula MT 5.125% 07/01/2026 |
125,000 |
125,075 |
||
City of Missoula MT 6.000% 07/01/2030 |
200,000 |
200,224 |
||
Gallatin County Rural Improvement District 5.500% 07/01/2025 |
400,000 |
400,408 |
||
*Gallatin County Rural Improvement District 6.000% 07/01/2030 |
1,000,000 |
1,000,710 |
||
Madison County Rural Improvement District 5.500% 07/01/2025 |
410,000 |
410,365 |
||
*Madison County Rural Improvement District 6.000% 07/01/2030 |
1,000,000 |
1,000,550 |
||
|
7,605,578 |
|||
PreRefunded (6.6%) |
||||
*Montana Board of Housing 4.700% 12/01/2026 Callable @ 100.000 12/01/2020 |
590,000 |
591,351 |
||
Montana Board of Housing 4.850% 06/01/2028 Callable @ 100.000 12/01/2020 |
275,000 |
275,666 |
||
Montana Facility Finance Authority 5.500% 01/01/2025 Callable @ 100.000 01/01/2021 |
575,000 |
580,169 |
||
Montana Facility Finance Authority 5.750% 01/01/2031 Callable @ 100.000 01/01/2021 |
815,000 |
822,669 |
||
*Montana State Board of Regents 4.000% 05/15/2025 Callable @ 100.000 05/15/2022 |
2,000,000 |
2,118,040 |
||
Montana State Board of Regents 4.000% 05/15/2026 Callable @ 100.000 05/15/2022 |
1,145,000 |
1,212,578 |
||
Montana State Board of Regents 5.000% 11/15/2023 Callable @ 100.000 11/15/2021 |
250,000 |
262,668 |
||
|
5,863,140 |
|||
Transportation (1.7%) |
||||
Missoula Parking Commission 4.000% 10/01/2026 Callable @ 100.000 04/01/2024 |
835,000 |
930,082 |
||
Missoula Special Improvement Districts/MT 4.600% 07/01/2024 |
100,000 |
100,090 |
||
Missoula Special Improvement Districts/MT 4.600% 07/01/2025 |
105,000 |
105,112 |
||
Missoula Special Improvement Districts/MT 5.400% 07/01/2029 |
370,000 |
370,215 |
||
|
1,505,499 |
|||
Utilities (4.3%) |
||||
City of Billings MT 5.000% 07/01/2031 Callable @ 100.000 07/01/2027 |
260,000 |
326,230 |
||
City of Billings MT Solid Waste System Revenue 3.500% 07/01/2039 Callable @ 100.000 07/01/2027 |
1,510,000 |
1,649,086 |
||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2025 Callable @ 100.000 07/01/2023 |
215,000 |
237,246 |
||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2026 Callable @ 100.000 07/01/2023 |
225,000 |
247,052 |
||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2028 Callable @ 100.000 07/01/2025 |
250,000 |
288,203 |
||
City of Billings MT Storm Sewer Revenue 4.000% 07/01/2029 Callable @ 100.000 07/01/2025 |
250,000 |
285,068 |
||
City of Dillon MT Water & Sewer System Revenue 4.000% 07/01/2033 Callable @ 100.000 07/01/2025 |
250,000 |
282,457 |
||
City of Red Lodge MT Water System Revenue 2.500% 07/01/2039 Callable @ 100.000 07/01/2027 |
500,000 |
511,855 |
||
|
3,827,196 |
|||
TOTAL MUNICPAL BONDS (COST: $82,084,635) |
$ |
85,862,032 |
||
OTHER ASSETS LESS LIABILITIES (3.7%) |
$ |
3,312,682 |
||
NET ASSETS (100.0%) |
$ |
89,174,714 |
||
*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 October 30, 2020 (unaudited) |
|
|
|
|
|
|
Principal |
|
Fair |
|
|
Amount |
|
Value |
MUNICIPAL BONDS (97.1%) |
|
|
|
|
|
|
|
|
|
Education (9.8%) |
|
|
|
|
State Board of Higher Education of the State of North Dakota 3.125% 07/01/2037 Callable @ 100.000 07/01/2029 |
$ |
200,000 |
$ |
181,582 |
State Board of Higher Education of the State of North Dakota 3.200% 07/01/2039 Callable @ 100.000 07/01/2029 |
200,000 |
178,274 |
||
State Board of Higher Education of the State of North Dakota 3.250% 04/01/2037 Callable @ 100.000 04/01/2027 |
250,000 |
263,318 |
||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2025 Callable @ 100.000 04/01/2024 |
415,000 |
469,788 |
||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2028 Callable @ 100.000 04/01/2024 |
365,000 |
389,970 |
||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2033 Callable @ 100.000 04/01/2025 |
500,000 |
549,385 |
||
State Board of Higher Education of the State of North Dakota 4.000% 04/01/2044 Callable @ 100.000 04/01/2029 |
500,000 |
571,190 |
||
University of North Dakota 5.000% 04/01/2024 Callable @ 100.000 04/01/2022 |
250,000 |
267,050 |
||
|
2,870,556 |
|||
General Obligation (15.7%) |
|
|
|
|
City of Fargo ND 4.000% 05/01/2023 Callable @ 100.000 05/01/2021 |
300,000 |
306,078 |
||
City of Grand Forks ND 4.000% 12/01/2039 Callable @ 100.000 12/01/2028 |
470,000 |
538,592 |
||
City of Grand Forks ND 4.500% 05/01/2032 Callable @ 100.000 05/01/2025 |
240,000 |
267,022 |
||
City of Horace ND 3.000% 05/01/2037 Callable @ 100.000 05/01/2026 |
500,000 |
509,290 |
||
City of Horace ND 4.250% 05/01/2035 Callable @ 100.000 05/01/2023 |
340,000 |
352,628 |
||
City of Minot ND Airport Revenue 3.500% 10/01/2025 Callable @ 100.000 10/01/2022 |
570,000 |
602,576 |
||
City of Minot ND Airport Revenue 4.000% 10/01/2028 Callable @ 100.000 10/01/2022 |
355,000 |
375,210 |
||
City of Williston ND 4.000% 05/01/2035 Callable @ 100.000 05/01/2023 |
200,000 |
210,092 |
||
City of Williston ND 4.000% 05/01/2038 Callable @ 100.000 05/01/2023 |
230,000 |
240,771 |
||
Dickinson Public School District No 1 4.000% 08/01/2034 Callable @ 100.000 08/01/2025 |
400,000 |
443,416 |
||
Mandan Public School District No 1 3.125% 08/01/2024 Callable @ 100.000 08/01/2022 |
200,000 |
210,810 |
||
Nesson Public School District No 2 4.000% 08/01/2039 Callable @ 100.000 08/01/2027 |
500,000 |
558,170 |
||
|
4,614,654 |
|||
Health Care (18.5%) |
|
|
|
|
City of Fargo ND 5.500% 11/01/2020 |
500,000 |
500,075 |
||
City of Fargo ND 6.000% 11/01/2028 Callable @ 100.000 11/01/2021 |
500,000 |
527,055 |
||
City of Grand Forks ND 3.000% 12/01/2020 |
135,000 |
135,100 |
||
City of Grand Forks ND 4.000% 12/01/2027 Callable @ 100.000 12/01/2021 |
400,000 |
407,500 |
||
City of Grand Forks ND 5.000% 12/01/2022 Callable @ 100.000 12/01/2021 |
500,000 |
521,965 |
||
City of Grand Forks ND 5.000% 12/01/2032 Callable @ 100.000 12/01/2021 |
250,000 |
257,335 |
||
City of Grand Forks ND 5.125% 12/01/2025 |
250,000 |
263,480 |
||
City of Langdon ND 6.200% 01/01/2025 |
155,000 |
155,129 |
||
County of Cass ND 4.125% 02/15/2037 Callable @ 100.000 02/15/2028 |
595,000 |
639,381 |
||
*County of Cass ND 4.250% 02/15/2043 Callable @ 100.000 02/15/2028 |
1,290,000 |
1,393,213 |
||
County of Cass ND 5.000% 02/15/2033 Callable @ 100.000 02/15/2028 |
445,000 |
520,779 |
||
County of Ward ND 5.000% 06/01/2053 Callable @ 100.000 06/01/2028 |
100,000 |
106,889 |
||
|
5,427,901 |
|||
Housing (12.2%) |
|
|
|
|
North Dakota Housing Finance Agency 2.950% 07/01/2039 Callable @ 100.000 01/01/2029 |
250,000 |
260,643 |
||
North Dakota Housing Finance Agency 3.000% 07/01/2040 Callable @ 100.000 07/01/2029 |
315,000 |
324,797 |
||
North Dakota Housing Finance Agency 3.050% 07/01/2021 |
150,000 |
150,890 |
||
North Dakota Housing Finance Agency 3.050% 07/01/2043 Callable @ 100.000 01/01/2029 |
250,000 |
260,665 |
||
North Dakota Housing Finance Agency 3.500% 07/01/2035 Callable @ 100.000 07/01/2028 |
585,000 |
638,223 |
||
North Dakota Housing Finance Agency 3.550% 07/01/2033 Callable @ 100.000 07/01/2027 |
230,000 |
250,093 |
||
*North Dakota Housing Finance Agency 3.550% 07/01/2040 Callable @ 100.000 07/01/2026 |
1,000,000 |
1,055,330 |
||
North Dakota Housing Finance Agency 3.750% 07/01/2038 |
600,000 |
648,786 |
||
|
3,589,426 |
|||
Other Revenue (25.2%) |
|
|
|
|
City of Grand Forks ND 5.000% 12/15/2028 Callable @ 100.000 12/15/2025 |
250,000 |
302,148 |
||
*City of Mandan ND 3.250% 09/01/2041 Callable @ 100.000 09/01/2024 |
1,250,000 |
1,286,675 |
||
*City of Mandan ND 4.000% 09/01/2034 Callable @ 100.000 09/01/2024 |
500,000 |
539,170 |
||
City of Minot ND 2.000% 10/01/2042 Callable @ 100.000 10/01/2028 |
595,000 |
563,727 |
||
County of Barnes ND 4.000% 05/01/2032 Callable @ 100.000 05/01/2025 |
250,000 |
270,415 |
||
County of Barnes ND 4.000% 05/01/2040 Callable @ 100.000 05/01/2025 |
500,000 |
529,345 |
||
Jamestown Park District/ND 3.000% 07/01/2035 Callable @ 100.000 07/01/2024 |
500,000 |
516,575 |
||
Jamestown Park District/ND 4.000% 07/01/2032 Callable @ 100.000 07/01/2024 |
500,000 |
541,780 |
||
Jamestown Park District/ND 4.000% 07/01/2033 Callable @ 100.000 07/01/2024 |
345,000 |
371,951 |
||
Minot Park District 3.000% 12/01/2028 Callable @ 100.000 12/01/2023 |
250,000 |
262,663 |
||
Minot Park District 3.750% 12/01/2038 Callable @ 100.000 12/01/2025 |
435,000 |
468,917 |
||
North Dakota Public Finance Authority 4.000% 06/01/2028 Callable @ 100.000 06/01/2024 |
265,000 |
293,350 |
||
North Dakota Public Finance Authority 4.000% 06/01/2030 Callable @ 100.000 06/01/2023 |
400,000 |
430,192 |
||
North Dakota Public Finance Authority 4.500% 06/01/2026 Callable @ 100.000 06/01/2021 |
400,000 |
410,364 |
||
North Dakota Public Finance Authority 5.000% 06/01/2028 Callable @ 100.000 06/01/2025 |
130,000 |
154,744 |
||
North Dakota Public Finance Authority 5.000% 06/01/2031 |
240,000 |
240,170 |
||
North Dakota Public Finance Authority 6.000% 06/01/2034 |
200,000 |
200,360 |
||
|
7,382,545 |
|||
PreRefunded (6.0%) |
||||
County of Burleigh ND 4.500% 07/01/2032 Callable @ 100.000 07/01/2022 |
250,000 |
267,703 |
||
County of Burleigh ND 5.000% 07/01/2022 |
300,000 |
325,164 |
||
County of Burleigh ND 5.000% 07/01/2035 Callable @ 100.000 07/01/2021 |
500,000 |
515,565 |
||
County of Burleigh ND Multi County Sales Tax Revenue 4.000% 11/01/2032 Callable @ 100.000 11/01/2022 |
400,000 |
418,684 |
||
Grand Forks Regional Airport Authority 4.500% 06/01/2028 Callable @ 100.000 06/01/2021 |
230,000 |
235,596 |
||
|
1,762,711 |
|||
Transportation (1.3%) |
|
|
|
|
Grand Forks Regional Airport Authority 4.500% 06/01/2028 Callable @ 100.000 06/01/2021 |
370,000 |
|
378,125 |
|
Utilities (8.4%) |
|
|
|
|
City of Bismarck ND Water Revenue 3.000% 04/01/2021 |
495,000 |
495,663 |
||
*City of Bismarck ND Water Revenue 3.625% 04/01/2025 |
675,000 |
675,911 |
||
City of Bismarck ND Water Revenue 3.750% 04/01/2026 |
265,000 |
265,284 |
||
City of Grand Forks ND Sanitation Revenue 2.600% 09/01/2038 Callable @ 100.000 09/01/2027 |
290,000 |
296,331 |
||
City of Grand Forks ND Sanitation Revenue 2.625% 09/01/2040 Callable @ 100.000 09/01/2027 |
485,000 |
492,648 |
||
City of West Fargo ND Water & Sewer Revenue 2.625% 11/01/2034 Callable @ 100.000 11/01/2025 |
250,000 |
253,460 |
||
|
2,479,297 |
|||
|
|
|
|
|
TOTAL MUNICIPAL BONDS (COST: $27,501,358) |
|
|
$ |
28,505,215 |
|
|
|
|
|
OTHER ASSETS LESS LIABILITIES (2.9%) |
|
|
|
843,689 |
|
|
|
|
|
NET ASSETS (100.0%) |
|
|
$ |
29,348,904 |
|
||||
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
NOTE: INVESTMENT IN SECURITIES (unaudited) |
||||||
As of October 30, 2020, the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows: |
||||||
Kansas Municipal Fund |
Maine Municipal Fund |
Nebraska Municipal Fund |
Oklahoma Municipal Fund |
Viking Tax-Free Fund for Montana |
Viking Tax-Free Fund for North Dakota |
|
Investments at cost |
$63,747,814 |
$13,838,030 |
$48,994,035 |
$66,359,253 |
$82,084,635 |
$27,501,358 |
Unrealized appreciation |
$3,952,921 |
$663,270 |
$2,647,974 |
$2,733,135 |
$3,912,821 |
$1,098,645 |
Unrealized depreciation |
($59,073) |
($27,727) |
($69,090) |
($140,884) |
($135,425) |
($94,788) |
Net unrealized appreciation (depreciation)* |
$3,893,848 |
$635,543 |
$2,578,884 |
$2,592,251 |
$3,777,396 |
$1,003,857 |
*Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of market discount. |
NOTE: FAIR VALUE MEASUREMENTS (unaudited) |
||||||
Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments.) The following is a summary of the inputs used to value the Funds’ investments as of October 30, 2020: |
||||||
Kansas Municipal Fund |
||||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
||
Municipal Bonds |
$0 |
$67,641,662 |
$0 |
$67,641,662 |
||
Total |
$0 |
$67,641,662 |
$0 |
$67,641,662 |
||
Maine Municipal Fund |
||||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
||
Municipal Bonds |
$0 |
$14,473,573 |
$0 |
$14,473,573 |
||
Total |
$0 |
$14,473,573 |
$0 |
$14,473,573 |
||
Nebraska Municipal Fund |
||||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
||
Municipal Bonds |
$0 |
$51,564,691 |
$0 |
$51,564,691 |
||
Total |
$0 |
$51,564,691 |
$0 |
$51,564,691 |
||
Oklahoma Municipal Fund |
||||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
||
Municipal Bonds |
0 |
68,951,504 |
0 |
68,951,504 |
||
Total |
$0 |
68,951,504 |
$0 |
68,951,504 |
||
Viking Tax-Free Fund for Montana |
||||||
Level 1 |
Level 2 |
Level 3 |
Total |
|||
Municipal Bonds |
$0 |
$85,862,031 |
$0 |
$85,862,031 |
||
Total |
$0 |
$85,862,031 |
$0 |
$85,862,031 |
||
Viking Tax-Free Fund for North Dakota |
||||||
Level 1 |
Level 2 |
Level 3 |
Total |
|||
Municipal Bonds |
$0 |
$28,505,215 |
$0 |
$28,505,215 |
||
Total |
$0 |
$28,505,215 |
$0 |
$28,505,215 |
||
The funds did not have any Level 3 assets during the quarter ended October 30, 2020 |