KANSAS MUNICIPAL FUND
Schedule of Investments April 30, 2023 (unaudited)
	Principal		Fair
	Amount		Value
MUNICIPAL BONDS (98.9%)
Education (9.5%)
Coffeyville Community College 4.000% 06/01/2029	250,000	$	263,393
Coffeyville Community College 3.000% 06/01/2031 Callable @ 100.000 06/01/2030	790,000		782,843
Kansas Development Finance Authority 3.000% 10/01/2044 Callable @ 100.000 10/01/2027	500,000		393,545
Kansas Development Finance Authority 3.000% 06/01/2031 Callable @ 100.000 06/01/2028	500,000		500,375
Kansas Development Finance Authority 4.000% 05/01/2035 Callable @ 100.000 05/01/2030	275,000		290,097
Kansas Development Finance Authority 4.000% 05/01/2036 Callable @ 100.000 05/01/2030	290,000		302,212
Kansas Development Finance Authority 5.000% 06/01/2029	400,000		451,372
Kansas Development Finance Authority 4.000% 07/01/2033 Callable @ 100.000 07/01/2031	1,000,000		1,041,080
Kansas Development Finance Authority 4.000% 07/01/2036 Callable @ 100.000 07/01/2031	2,000,000		2,008,260
			6,033,177
General Obligation (44.3%)
City of Gardner KS 5.000% 10/01/2028	580,000		653,208
City of Bonner Springs KS 3.000% 09/01/2044 Callable @ 100.000 09/01/2028	1,060,000		894,258
City of Burlingame KS 3.000% 09/01/2045 Callable @ 100.000 09/01/2027	365,000		279,426
Douglas County Unified School District No 348 Baldwin City 4.000% 09/01/2030 Callable @ 100.000 09/01/2025	250,000		259,493
City of Emporia KS 4.000% 09/01/2025	485,000		501,262
City of Emporia KS 4.000% 09/01/2027	515,000		549,943
City of Garden City KS 5.000% 11/01/2029	500,000		574,170
Harvey County Unified School District No 460 Hesston 5.000% 09/01/2031	410,000		476,551
City of Hillsboro KS 3.000% 09/01/2024	100,000		99,363
City of Hillsboro KS 3.000% 09/01/2027 Callable @ 100.000 09/01/2026	225,000		226,469
City of Hillsboro KS 3.000% 09/01/2028 Callable @ 100.000 09/01/2026	230,000		230,478
City of Hillsboro KS 3.000% 09/01/2029 Callable @ 100.000 09/01/2026	240,000		236,988
City of Hutchinson KS 2.500% 10/01/2040 Callable @ 100.000 10/01/2029	420,000		335,412
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2037 Callable @ 100.000 09/01/2027	500,000		546,515
Johnson & Miami Counties Unified School District No 230 Spring Hills 5.000% 09/01/2039 Callable @ 100.000 09/01/2027	2,000,000		2,200,700
Johnson County Unified School District No 231 Gardner Edgerton 5.000% 10/01/2025 Callable @ 100.000 10/01/2023	250,000		252,915
Johnson County Unified School District No 233 Olathe 4.000% 09/01/2036 Callable @ 100.000 09/01/2031	1,000,000		1,057,270
Johnson County Unified School District No 233 Olathe 5.000% 09/01/2026	250,000		269,860
Johnson County Unified School District No 233 Olathe 5.000% 09/01/2031	500,000		594,250
Johnson County Unified School District No 512 Shawnee Mission 4.000% 10/01/2032 Callable @ 100.000 10/01/2026	1,000,000		1,041,570
Johnson County Unified School District No 512 Shawnee Mission 5.000% 10/01/2036 Callable @ 100.000 10/01/2033	1,000,000		1,181,450
Leavenworth County Unified School District No 453 4.000% 09/01/2037 Callable @ 100.000 09/01/2026	650,000		680,179
Leavenworth County Unified School District No 464 4.000% 09/01/2031 Callable @ 100.000 09/01/2027	500,000		529,875
City of Lenexa KS 5.000% 09/01/2028	310,000		350,291
City of Lenexa KS 5.000% 09/01/2029	345,000		397,909
City of Lenexa KS 5.000% 09/01/2030	395,000		462,383
City of Lenexa KS 5.000% 09/01/2031	420,000		502,085
City of Lenexa KS 5.000% 09/01/2032	310,000		376,213
County of Linn KS 3.000% 07/01/2036 Callable @ 100.000 07/01/2029	1,100,000		998,558
Miami County Unified School District No 368 Paola 5.000% 09/01/2027	10,000		9,901
Nemaha County Unified School District No 115 5.000% 09/01/2031	250,000		290,378
City of Olathe KS 3.000% 10/01/2033 Callable @ 100.000 10/01/2029	855,000		877,452
City of Overland Park KS 5.000% 09/01/2032	1,000,000		1,218,260
City of Prairie Village KS 3.000% 09/01/2049 Callable @ 100.000 09/01/2027	1,500,000		1,282,620
Riley County Unified School District No 383 Manhattan Ogden 4.000% 09/01/2039 Callable @ 100.000 09/01/2027	1,000,000		1,028,720
County of Saline KS 3.000% 09/01/2033 Callable @ 100.000 09/01/2030	1,000,000		997,560
County of Scott KS 5.000% 04/01/2032 Callable @ 100.000 04/01/2026	500,000		536,250
City of Shawnee KS 5.000% 12/01/2025	1,000,000		1,053,850
City of Shawnee KS 5.000% 12/01/2029	560,000		643,031
City of South Hutchinson KS 4.000% 10/01/2038 Callable @ 100.000 10/01/2025	355,000		359,026
City of Wichita KS 4.750% 09/01/2027	180,000		178,205
Wyandotte County Kansas City Unified Government 2.250% 08/01/2037 Callable @ 100.000 08/01/2028	410,000		344,535
Wyandotte County Kansas City Unified Government 2.250% 08/01/2038 Callable @ 100.000 08/01/2028	1,000,000		809,520
Wyandotte County Kansas City Unified Government 2.375% 08/01/2040 Callable @ 100.000 08/01/2028	1,000,000		797,970
Wyandotte County Unified School District No 500 Kansas City 5.000% 09/01/2026	1,000,000		1,077,440
			28,263,762
Health Care (12.7%)
Ashland Public Building Commission 5.000% 09/01/2030 Callable @ 100.000 09/01/2023	1,020,000		1,025,967
Ashland Public Building Commission 5.000% 09/01/2035 Callable @ 100.000 09/01/2023	500,000		502,170
Ashland Public Building Commission 5.000% 09/01/2032 Callable @ 100.000 09/01/2024	550,000		562,606
City of Lawrence KS 5.000% 07/01/2043 Callable @ 100.000 07/01/2028	1,500,000		1,532,070
University of Kansas Hospital Authority 4.000% 09/01/2040 Callable @ 100.000 09/01/2025	500,000		500,640
University of Kansas Hospital Authority 5.000% 09/01/2035 Callable @ 100.000 09/01/2025	500,000		523,260
University of Kansas Hospital Authority 4.000% 09/01/2048 Callable @ 100.000 03/01/2029	1,000,000		950,450
University of Kansas Hospital Authority 5.000% 09/01/2048 Callable @ 100.000 03/01/2029	2,000,000		2,099,620
University of Kansas Hospital Authority 3.000% 03/01/2041 Callable @ 100.000 03/01/2030	500,000		409,450
			8,106,233
Other Revenue (8.2%)
Bourbon County Unified School District No 234 Fort Scott 4.000% 09/01/2035 Callable @ 100.000 09/01/2033	355,000		366,591
Dickson County Public Building Commission 4.000% 08/01/2038 Callable @ 100.000 08/01/2028	750,000		753,840
Hoisington Public Building Commission 3.000% 11/01/2040 Callable @ 100.000 11/01/2029	660,000		572,537
Hoisington Public Building Commission 3.000% 11/01/2045 Callable @ 100.000 11/01/2029	500,000		377,225
City of Manhattan KS 5.000% 12/01/2026	205,000		205,180
City of Manhattan KS 4.500% 12/01/2025	325,000		325,117
*City of Manhattan KS 5.000% 12/01/2032	1,000,000		1,001,120
County of Shawnee KS 5.000% 09/01/2033 Callable @ 100.000 09/01/2032	230,000		267,890
County of Shawnee KS 5.500% 09/01/2034 Callable @ 100.000 09/01/2032	210,000		253,728
Washington County Public Building Commission 4.000% 09/01/2028	100,000		100,110
City of Wichita KS 4.000% 09/01/2038 Callable @ 100.000 09/01/2027	1,000,000		1,017,770
			5,241,108
Pre-Refunded (14.8%)
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2027 Callable @ 100.000 09/01/2024	250,000		256,603
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2028 Callable @ 100.000 09/01/2024	250,000		257,070
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2029 Callable @ 100.000 09/01/2024	250,000		256,438
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2030 Callable @ 100.000 09/01/2024	250,000		256,437
Bourbon County Unified School District No 234 Fort Scott 5.000% 09/01/2031 Callable @ 100.000 09/01/2024	500,000		512,875
Butler County Unified School District No 385 Andover 5.000% 09/01/2033 Callable @ 100.000 09/01/2027	350,000		384,874
County of Clay KS 4.000% 10/01/2036 Callable @ 100.000 10/01/2024	500,000		506,645
*Franklin County Unified School District No 290 Ottawa 5.000% 09/01/2040 Callable @ 100.000 09/01/2025	3,000,000		3,156,720
Geary County Unified School District No 475 4.000% 09/01/2033 Callable @ 100.000 09/01/2025	350,000		361,361
*Kansas Municipal Energy Agency 5.750% 07/01/2038 Callable @ 100.000 07/01/2023	1,000,000		1,003,750
Leavenworth County Unified School District No 458 5.000% 09/01/2029 Callable @ 100.000 09/01/2023	500,000		503,255
Neosho County Unified School District No 413 4.000% 09/01/2031 Callable @ 100.000 09/01/2023	250,000		250,115
Sedgwick County Unified School District No 262 Valley Center 5.000% 09/01/2035 Callable @ 100.000 09/01/2024	405,000		417,429
Seward County Unified School District No 480 Liberal 5.000% 09/01/2029 Callable @ 100.000 09/01/2025	250,000		262,767
University of Kansas Hospital Authority 4.000% 03/01/2042 Callable @ 100.000 03/01/2027	795,000		842,374
Wyandotte County Unified School District No 202 Turner 5.000% 09/01/2025 Callable @ 100.000 09/01/2023	250,000		251,568
			9,480,281
Transportation (1.2%)
State of Kansas Department of Transportation 5.000% 09/01/2033 Callable @ 100.000 09/01/2025	500,000		521,310
State of Kansas Department of Transportation 5.000% 09/01/2035 Callable @ 100.000 09/01/2025	250,000		263,080
			784,390
Utilities (8.2%)
Kansas Municipal Energy Agency 5.000% 04/01/2030 Callable @ 100.000 04/01/2026	250,000		266,275
Kansas Municipal Energy Agency 5.000% 04/01/2032 Callable @ 100.000 04/01/2026	500,000		532,170
Kansas Municipal Energy Agency 5.000% 04/01/2033 Callable @ 100.000 04/01/2026	745,000		795,913
Kansas Municipal Energy Agency 5.000% 04/01/2038 Callable @ 100.000 04/01/2026	1,000,000		1,045,840
Kansas Municipal Energy Agency 5.000% 04/01/2035 Callable @ 100.000 04/01/2026	300,000		319,032
Kansas Power Pool 4.000% 12/01/2031 Callable @ 100.000 12/01/2025	500,000		512,780
Kansas Power Pool 4.000% 12/01/2041 Callable @ 100.000 12/01/2029	500,000		502,015
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2035 Callable @ 100.000 09/01/2025	500,000		524,145
Wyandotte County Kansas City Unified Government Utility System Revenue 5.000% 09/01/2028 Callable @ 100.000 09/01/2026	500,000		542,945
Wyandotte County Kansas City Unified Government Utility System Revenue 3.000% 09/01/2040 Callable @ 100.000 09/01/2030	250,000		205,433
			5,246,548
TOTAL MUNICIPAL BONDS (COST: $64,562,294)		$	63,155,499
SHORT-TERM INVESTMENTS (0.5%)
(a) Morgan Stanley Inst'l Liquidity Fund, 4.99%	281,792		281,792
TOTAL SHORT-TERM INVESTMENTS (Cost $281,792)		$	281,792
TOTAL INVESTMENTS (Cost $64,844,086) (99.4%)			63,437,291
OTHER ASSETS LESS LIABILITIES (0.6%)		$	409,229
NET ASSETS (100.0%)		$	63,846,520
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases.
(a) Seven day yield as of April 30, 2023.

NOTE:  INVESTMENT IN SECURITIES (unaudited)
At April 30, 2023, the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows:
	Kansas Municipal Fund
Investments at cost	$64,844,086
Unrealized appreciation	762,577
Unrealized depreciation	(2,169,372)
Net unrealized appreciation (depreciation)*	(1,406,795)
*Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of market discount.

NOTE: FAIR VALUE MEASUREMENTS (unaudited)
Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments.) The following is a summary of the inputs used to value the Funds’ investments as of April 30, 2023:
Kansas Municipal Fund
	Level 1	Level 2	Level 3	Total
Municipal Bonds	$0	$63,155,499	$0	$63,155,499
Short-Term Investments	281,792	0	0	281,792
Total	$281,792	$63,155,499	$0	$63,437,291