N-Q

N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-06153

Integrity Managed Portfolios

(Exact name of registrant as specified in charter)

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

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

(Name and address of agent for service)

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

Date of fiscal year end: July 31

Date of reporting period: April 29, 2011

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

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

Item 1. SCHEDULE OF INVESTMENTS

Kansas Municipal Fund
Schedule of Investments April 29, 2011
		Principal		Fair
		Amount		Value
MUNICIPAL BONDS (97.3%)
Education (5.6%)
Hutchinson, KS Community College 5.000% 10/01/25	$	350,000	$	354,994
Hutchinson, KS Community College 5.250% 10/01/30		300,000		300,564
Hutchinson, KS Community College 5.250% 10/01/33		450,000		444,168
KS Dev Fin Auth Sales Tax Rev K-St-Olathe Innovation-L1 5.000% 09/01/39		200,000		200,346
KS Devl. Finance Auth. Rev. (Univ. KS Research Cent.) 5.000% 02/01/26		500,000		515,080
Washburn Univ. (Living Learning Ctr.) Bldg. Rev. 5.000% 07/01/19		700,000		713,559
				2,528,711
General Obligation (24.2%)
Cowley Cnty., KS USD #465 (Winfield) 5.250% 10/01/14		250,000		274,070
Dickinson Cnty, KS USD #473 5.000% 09/01/27		325,000		350,610
Douglas Cty., KS Sales Tax Ref. 5.000% 08/01/19		1,000,000		1,053,590
Douglas Cnty, KS Uni Sch Dist 491 Eudora Sch Bldg 5.125% 09/01/29		250,000		258,048
Harvey Cty., KS USD #373 (Newton) 5.000% 09/01/23		200,000		212,110
Harvey Cty., KS USD #373 (Newton) 5.000% 09/01/25		1,000,000		1,041,230
*Johnson Cty., KS USD #231 Gardner-Edgerton 5.000% 10/01/24		1,135,000		1,159,516
Johnson Cty., KS USD #232 (Desoto) 5.250% 09/01/23		500,000		536,215
Junction City, KS Ref & Impt 5.000% 9/01/25		250,000		254,550
Junction City, KS Unlimited GO 4.100% 09/01/20		100,000		106,833
Junction City, KS Unlimited GO 4.250% 09/01/21		100,000		105,571
Junction City, KS Unlimited GO 4.400% 09/01/22		100,000		106,102
Leavenworth Cnty., KS USD #453 GO Improvement & Refunding 5.125% 03/01/29		1,000,000		1,054,810
Manhattan, KS General Obligation 5.000% 11/01/28		130,000		138,961
Montgomery County, KS USD #446 5.000% 09/01/33		250,000		254,505
Newton, KS Unlimited G.O. 4.750% 09/01/29		435,000		449,068
Park City, KS 6.000% 12/01/29		500,000		555,970
Park City, KS General Obligation Ref & Impr. 5.375% 12/01/25		250,000		245,922
Salina, KS (General Obligation) 4.625% 10/01/27		200,000		206,414
Sedgwick Cty., KS Uni Sch Dist #262 5.000% 09/01/28		500,000		525,205
Seward County, KS Unlimited GO Hospital Ref & Imvt 5.000% 08/01/40		500,000		484,825
Shawnee Cty., KS G.O. 5.000% 09/01/16		655,000		747,624
Topeka, KS G.O. 4.000% 08/15/30		250,000		226,190
Wyandotte Cnty, KS General Obligation 5.000% 08/01/27		500,000		527,245
				10,875,184
Health Care (21.3%)
KS St Devl Fin Auth Lease Rev Univ Kansas Tenant 5.000% 06/15/39		1,000,000		979,050
KS St Dev Fin Auth. Hosp. Rev. Adventist Health 5.150% 11/15/23		250,000		263,545
KS St Dev Fin Auth Rev Adventist Health 5.250% 11/15/24		250,000		262,420
KS St Dev Fin Auth Hosp Rev Adventist Health 5.500% 11/15/29		100,000		105,326
KS St Dev Fin Auth. Adventist Health 5.750% 11/15/34		250,000		253,357
KS Devl. Finance Auth. (Hays Medical Center) 5.000% 11/15/22		500,000		511,550
KS Devlop. Fin. Auth Stormont-Vail Healthcare 5.125% 11/15/36		500,000		480,990
*KS Devl. Finance Auth. (Stormont Vail) Hlth. Care Rev. - Unrefunded 5.375% 11/15/24		1,365,000		1,369,423
KS Health Facs Hays Medical Center 5.000% 05/15/25		250,000		240,152
KS Health Facs Hays Medical Center 5.000% 05/15/35		1,000,000		908,800
Lawrence, KS (Memorial Hospital) Rev. 5.125% 07/01/26		500,000		495,865
Lawrence, KS (Memorial Hospital) Rev. 5.125% 07/01/36		300,000		283,047
Manhattan, KS Hosp. Rev. Mercy Health Center 5.500% 08/15/20		250,000		250,710
Manhattan, KS (Mercy Health Center) Hosp. Rev. 5.200% 08/15/26		250,000		250,480
Olathe, Health Fac Rev (Med Center) 5.000% 09/01/29		500,000		490,140
Olathe, KS (Medl. Ctr) Hlth 5.000% 09/01/30		250,000		245,710
Sedgwick Cty., KS Health Care Rev. (Catholic Care Center) 5.000% 08/01/25		1,000,000		980,900
University KS Hosp Auth. (KU Health) 5.000% 09/01/26		100,000		100,239
Wichita, KS (Via Christi Health System) Rev. 5.625% 11/15/31		1,100,000		1,100,957
				9,572,661
Housing (5.3%)
Kansas City, KS Mrtge. Rev. 5.900% 11/01/27		165,000		165,003
*Olathe, KS Multifamily Hsg. (Bristol Pointe) Rev. Ref. 5.700% 11/01/27		2,210,000		2,210,044
				2,375,047
Other Revenue (17.1%)
Coffeyville, KS Pub. Bldg. (Coffeyville Medl. Center) Rev. 5.000% 08/01/22		250,000		250,075
Dodge City, KS Sales Tax Rev 5.250% 06/01/31		1,000,000		1,040,780
KS St Dev Fin Auth Lease Rev (Juvenile Justice) 5.250% 05/01/13		570,000		570,154
KS Devl Finance Auth (KS St Project) Rev Prerefunded 5.000% 10/01/17		130,000		132,096
KS Devl Finance Auth (KS St Projects) Rev Unrefunded 5.000% 10/01/17		120,000		121,762
*KS Devl. Finance Auth. Rev. (KS St. Projects) 5.000% 05/01/26		1,335,000		1,391,457
KS St Devl Fin Auth Rev State of KS Projects 5.000% 11/01/34		500,000		504,295
KS Devl. Finance Auth. Rev. (Dept. Admin.) 5.000% 11/01/25		250,000		263,877
KS Devl Finance Auth Rev (KS St Projects) 5.250% 11/01/25		250,000		270,262
KS Devl. Finance Auth. Rev. (Athletic Facs. University of KS) 5.000% 06/01/33		250,000		251,300
KS Devl. Finance Auth. Rev. (KS St. Projects) 5.000% 05/01/35		250,000		251,635
Lincoln Cnty., KS Public Bldg (Lincoln County Hosp) 5.000% 03/01/28		125,000		134,079
Manhattan, KS Sales Tax Rev. Downtown Redevelopment 5.250% 12/01/26		250,000		251,238
Manhattan, KS Spl Oblig Rev North Proj Area - Downtown A 5.000% 12/01/26		500,000		490,060
Manhattan, KS Sales Tax Rev 4.5000% 12/01/25		500,000		501,890
Manhattan, KS Sales Tax Rev 5.000% 12/01/32		1,000,000		1,001,990
Topeka Pub. Bldg. Comm. Lease Rev. Social & Rehab Project 5.000% 06/01/22		255,000		278,340
				7,705,290
Transportation (6.5%)
Kansas Dept. Transportation Highway Rev. 5.000% 03/01/23		250,000		263,553
KS Devl. Finance Auth. Rev. (Road Revolving Fund) 4.625% 10/01/26		250,000		261,800
KS Turnpike Auth. Rev. 5.250% 09/01/21		500,000		528,630
KS Turnpike Auth. Rev. 5.000% 09/01/24		330,000		344,401
KS Turnpike Auth. Rev. 5.000% 09/01/25		750,000		782,730
Overland Park, KS Trans. Devl. Dist., Sales Tax Rev. Oak Park Mall 5.200% 04/01/20		480,000		494,030
Puerto Rico Highway Rev 4.950% 07/01/26		250,000		245,823
				2,920,967
Utilities (17.3%)
Burlington, KS PCR (Gas & Elec.) 5.300% 06/01/31		1,000,000		986,920
Burlington, KS PCR (Gas & Elec.) 4.850% 06/01/31		250,000		230,173
KS Devl. Finance Auth. (Water Pollution Control) Rev. 5.250% 11/01/22		1,000,000		1,071,290
KS Devl. Finance Auth. (Water Pollution Control) 5.000% 11/01/23		1,000,000		1,068,020
KS Devl. Finance Auth. Rev. (Water Pollution) 5.000% 11/01/28		250,000		256,200
Puerto Rico Electric Power Auth Power Rev 5.250% 07/01/26		750,000		751,365
Wamego, KS PCR (Kansas Gas & Electric Project) 5.300% 06/01/31		750,000		733,898
Wichita, KS Water & Sewer Util. Rev. 5.250% 10/01/18		1,465,000		1,553,222
Wichita, KS Water & Sewer Util. Rev. 5.000% 10/01/28		500,000		507,240
Wichita, KS Water & Sewer Rev. 5.000% 10/01/23		100,000		108,580
Wyandotte Cnty, KS Govt Utilitiy Sys Rev 5.000% 09/01/29		500,000		523,260
				7,790,168
TOTAL MUNICIPAL BONDS (COST: $43,146,396)			$	43,768,028
SHORT-TERM SECURITIES (1.6%)		Shares
^Wells Fargo Advantage National Tax-Free Money Market 0.105% (COST: $737,356)		737,356	$	737,356
TOTAL INVESTMENTS IN SECURITIES (COST: $43,883,752) (98.9%)			$	44,505,384
OTHER ASSETS LESS LIABILITIES (1.1%)				493,209
NET ASSETS (100.0%)			$	44,998,593
* Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases.
^ Variable rate security; rate shown represents rate as of April 29, 2011.
KANSAS INSURED INTERMEDIATE FUND
Schedule of Investments April 29, 2011
		Principal		Fair
		Amount		Value
MUNICIPAL BONDS (95.3%)
Education (3.3%)
Johnson Cty., KS Community College Student Commons & Parking 5.000% 11/15/19	$	235,000	$	242,776
KS Devl Finance Auth Rev (KS St Projects) 4.375% 11/01/18		100,000		110,739
Washburn Univ. (Living Learning Ctr.) Bldg. Rev. 5.000% 07/01/19		255,000		259,939
				613,454
General Obligation (62.8%)
*Butler Cnty., KS USD #402 5.250% 09/01/21		560,000		619,702
*Butler Cnty, KS USD #385 5.000% 09/01/18		500,000		565,820
Cowley Cnty., KS USD #470 4.750% 09/01/23		100,000		106,706
Cowley Cnty., KS USD #465 (Winfield) 5.250% 10/01/14		140,000		153,479
Dickinson Cnty, KS USD #473 4.500% 09/01/22		215,000		233,542
Douglas Cnty, KS USD #491 Eudora Schools 5.500% 09/01/24		250,000		273,617
Douglas Cnty, KS Uni Sch Dist 491 Eudora Sch Bldg 5.000% 09/01/23		375,000		404,171
Ford Cnty., KS Sales Tax - Ser A 4.500% 09/01/24		500,000		523,125
Franklin County, KS USD# 290 4.000% 09/01/16		100,000		104,451
Harvey Cty., KS USD #373 (Newton) 4.000% 09/01/18		250,000		261,835
Johnson Cty., KS USD #232 (Desoto) 5.000% 09/01/15		100,000		115,080
Johnson City KS USD #233 4.000% 09/01/18		150,000		164,486
*Junction City, KS Unlimited GO 4.100% 09/01/20		500,000		534,165
Junction City, KS Unlimited GO 4.500% 09/01/23		100,000		104,466
Junction City, KS Unlimited GO 3.000% 09/01/16		315,000		326,624
Leavenworth Cnty., KS USD #453 GO Improvement & Refunding 5.250% 03/01/24		200,000		219,312
Leavenworth Cnty., KS USD #453 4.750% 09/01/25		300,000		314,706
Leoti, KS USD #467 5.000% 10/01/18		100,000		114,396
Miami Cnty KS USD #416 Louisberg Schools 4.000% 09/01/13		50,000		52,571
Miami County USD#416 Louisburg 5.000% 09/01/20		275,000		294,533
Montgomery County, KS USD #446 4.000% 09/01/19		150,000		158,348
Neosho County, KS USD #413 5.000% 09/01/20		345,000		364,941
Newton, KS Unlimited G.O. 5.000% 09/01/21		100,000		111,881
Olathe, Kansas General Obligation 4.000% 10/01/19		100,000		106,322
Park City, KS 5.100% 12/01/20		200,000		223,934
Park City, KS 5.500% 12/01/24		100,000		111,206
Puerto Rico Commonwealth Pub. Impvt. 5.500% 07/01/19		100,000		108,551
Puerto Rico Commonwealth Pub. Impvt. 5.250% 07/01/20		140,000		147,155
Pueto Rico Common Wealth Public Improvement 5.500% 07/01/18		300,000		336,636
Puerto Rico Commonwealth Public Impt. 5.500% 07/01/20		350,000		357,529
Saline Cty., KS USD #305 (Salina) G.O. Ref. 5.500% 09/01/15		190,000		193,243
Sedgwick Cty KS USD #261 5.000% 11/01/21		250,000		267,282
Sedgwick Cty KS USD #262 5.000% 09/01/24		250,000		269,528
Sedgwick Cty., KS UNI School Dist. #262 5.000% 09/01/18		100,000		116,457
Sedgwick Cty., KS USD #265 (Goddard) 4.250% 10/01/20		750,000		787,170
Sedgwick Cty., KS USD #265 (Goddard) 4.500% 10/01/26		250,000		260,293
Sedgwick Cty USD #266 Maize 5.250% 09/01/19		290,000		337,499
Sedgwick Cty., KS USD #266 Maize School 5.250% 09/01/20		360,000		406,634
Shawnee Cty., KS USD #437 (Auburn-Washburn) G.O. Ref. 5.000% 09/01/14		485,000		492,246
Wichita, KS GO 4.500% 09/01/22		150,000		159,592
Wichita, KS GO 4.750% 09/01/27		180,000		187,745
Wyandotte Cnty, KS Gov Unltd GO 5.000% 08/01/19		150,000		162,741
Wyandotte Cnty, KS. GO 5.000% 08/01/25		250,000		268,555
Wyandotte Cnty, KS USD # 202 5.250% 09/01/18		100,000		112,691
Wyandotte Cnty, KS USD #500 G.O. 5.250% 09/01/13		250,000		276,040
				11,811,006
Health Care (5.9%)
*KS Devl. Finance Auth. (Stormont Vail) Hlth. Care Rev. 5.750% 11/15/12		595,000		610,256
Manhattan, KS Hosp. Rev. Mercy Health Center 5.500% 08/15/20		500,000		501,420
				1,111,676
Housing (3.1%)
KS Devl. Finance Auth. (Sec. 8) Rev. Ref. 6.400% 01/01/24		255,000		255,128
Olathe, KS Multifamily Hsg. (Bristol Pointe) Rev. Ref. 5.250% 11/01/12		210,000		210,002
*Shawnee, KS Multifamily Hsg. (Thomasbrooks Apts.) Rev. 5.250% 10/01/14		110,000		110,224
				575,354
Other Revenue (13.2%)
Dodge City, KS Sales Tax Rev 5.000% 06/01/21		310,000		341,487
Dodge City, KS Sales Tax Rev 4.400% 06/01/25		350,000		360,787
Dodge City KS Sales Tax Rev 4.500% 06/01/28		100,000		99,655
KS Devl Fin. Auth. Kansas Projects 5.250% 10/01/22		100,000		105,730
KS Devl Finance Auth (KS St Projects) Rev Unrefunded 5.000% 10/01/17		115,000		116,688
KS Devl. Finance Auth. Rev. (KS St. Projects) 4.100% 05/01/2019		250,000		263,987
KS Devl Finance Auth Rev (KS St Projects) 5.250% 11/01/25		100,000		108,105
Lincoln Cnty., KS Public Bldg (Lincoln County Hosp) 5.000% 03/01/28		125,000		134,079
Neosho County, KS Sales Tax Rev 4.000% 10/01/23		500,000		505,275
Sumner Cnty., KS Sales Tax Rev. 5.000% 10/01/14		400,000		449,696
				2,485,489
Transportation (1.1%)
KS Turnpike Auth. Rev. 5.000% 09/01/24		200,000		208,728
Utilities (5.9%)
Puerto Rico Electric Power Auth 5.000% 07/01/16		155,000		171,371
Puerto Rico Electric Rev 5.250% 07/01/25		250,000		251,378
Topeka, KS Utilities Rev 4.250% 08/01/21		150,000		151,491
Wichita, KS Water & Sewer Rev. 5.000% 10/01/23		200,000		217,160
Wyandotte Cnty Utility Rev. 5.000% 09/01/27		100,000		103,903
Wyandotte Cnty, KS Govt Utilitiy Sys Rev. 5.000% 09/01/24		200,000		216,116
				1,111,419
TOTAL MUNICIPAL BONDS (COST: $17,622,312)			$	17,917,126
SHORT-TERM SECURITIES (3.9%)		Shares
^Wells Fargo Advantage National Tax-Free Money Market 0.105% (COST: $726,485)		726,485	$	726,485
TOTAL INVESTMENTS IN SECURITIES (COST: $18,348,797) (99.2%)			$	18,643,611
OTHER ASSETS LESS LIABILITIES (0.8%)				150,256
NET ASSETS (100.0%)			$	18,793,867
* Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases.
^ Variable rate security; rate shown represents rate as of April 29, 2011.
NEBRASKA MUNICIPAL FUND
Schedule of Investments April 29, 2011
		Principal		Fair
		Amount		Value
MUNICIPAL BONDS (95.8%)
Education (24.1%)
Douglas Cnty Ed Fac Rev Creighton Univ 5.500% 07/01/30	$	350,000	$	351,333
Douglas Cnty Ed Fac Rev Creighton Univ 5.875% 07/01/40		1,500,000		1,584,000
Metropolitan Community College South Omaha Bldg. Proj. 4.500% 3/1/26		1,000,000		1,018,880
NE Educ. Finance Auth. (Wesleyan Univ.) Rev. 5.500% 04/01/27		1,000,000		1,000,370
NE St Colleges Student Fees (Wayne State Col) 4.000% 07/01/30		200,000		181,590
Polk Cty School Dist #15 4.000% 12/15/31		400,000		352,620
Univ of NE (U of NE - Lincoln Student Fees) Rev 5.125% 07/01/32		250,000		253,095
Univ of NE Board of Regents (Heath & Rec Proj) 5.000% 05/15/33		600,000		614,160
Univ of Puerto Rico 5.000% 06/01/17		650,000		657,898
Univ. of NE Board of Regents Student Facs 5.000% 05/15/32		250,000		255,827
University NE University Rev Lincoln Student Fee 4.000% 07/01/24		250,000		252,495
University NE, University Revs Kearney Student Fees & Facs 5.000% 07/01/35		600,000		607,716
University of NE Fac Corp Deferred Maintenance 5.000% 07/15/20		500,000		553,790
University of NE Omaha Student Housing Project 4.500% 05/15/30		250,000		250,283
University of NE Omaha Student Housing Project 5.000% 05/15/35		275,000		276,939
University of NE University Rev Lincoln Student Facs 5.000% 07/01/28		250,000		256,090
				8,467,086
General Obligation (23.6%)
Douglas Cnty School Dist #59 Bennington Public Schools 4.000% 12/15/28		250,000		237,145
Douglas County, NE School Dist. #59 4.550% 12/15/32		635,000		635,203
Douglas Cty., NE SD #010 (Elkhorn Pub. Schools) G.O. 4.500% 12/15/23		250,000		251,380
Douglas Cty., NE SD #010 (Elkhorn Public Schools) 4.500% 12/15/26		500,000		502,905
Hall Cty., NE School Dist. #2 Grand Island 5.000% 12/15/23		500,000		539,600
Knox County School Dist #0583 Verdigre Schools 4.500% 12/15/29		250,000		245,955
Lancaster Cnty School Dist #160 Norris Schools 4.250% 12/15/2025		400,000		391,440
Lancaster Cty., NE School Dist. #1 (Lincoln Public Schools) G.O. 5.250% 01/15/22		500,000		514,805
Lincoln-Lancaster County Neb. Pub. Bldg. Lease Rev. 4.000% 10/15/30		100,000		97,148
Madison County School Dist #2 (Norfolk) 5.000% 12/15/25		1,545,000		1,613,026
Omaha, NE Unlimited GO 5.000% 10/15/25		250,000		274,655
Omaha, NE Various Purpose 4.250% 10/15/26		500,000		510,730
Omaha, NE Various Purpose 5.000% 05/01/22		250,000		260,445
Papillion, NE G.O. 4.350% 12/15/27		250,000		250,665
Puerto Rico Commonwealth Public Improvement 5.500% 07/01/21		500,000		509,810
Sarpy Count School Dist#27 Papillion-LA Vista G.O. 5.000% 12/01/28		250,000		261,732
Saunders Cty, NE G.O. 4.250% 12/15/21		515,000		516,900
Saunders Cty, NE G.O. 5.000% 11/01/30		250,000		250,013
Scotts Bluff Cnty NE Sch Dist #32 GO Building Bonds 4.300% 12/15/29		440,000		428,406
				8,291,963
Health Care (11.4%)
Adams Cnty, NE Hosp Auth #1 Hosp Rev (Mary Lanning Memorial Hosp.) 5.250% 12/15/33		250,000		239,952
Adams Cnty, NE Hosp Auth #1 Hosp Rev (Mary Lanning Memorial Hosp.) 5.300% 12/15/18		250,000		250,132
Douglas County, NE Hosp. Methodist Health 5.500% 11/01/38		500,000		461,170
Douglas Cty, NE Hosp. Methodist Health 5.500% 11/01/38		415,000		415,378
Douglas Cty., NE (Catholic Health Corp.) Rev. 5.375% 11/15/15		130,000		130,029
Douglas Cty., NE Hosp. Auth. #001 (Alegent Hlth - Immanuel Med. Ctr.) Rev. 5.250% 09/01/21		250,000		244,700
Douglas Cty., NE Hosp. Auth. #002 (Nebraska Medical Center) 5.000% 11/15/16		250,000		275,012
*Lancaster Cty., NE Hosp. Auth. #1 (BryanLGH Medical Center Project) 4.750% 06/01/21		1,000,000		988,580
NE Elem & Secondary Sch Auth Edl Facs Rev 4.750% 09/01/28		250,000		253,637
NE Invmt. Finance Auth. (Great Plains Regional Medical Center) Rev. 5.450% 11/15/22		750,000		755,783
				4,014,373
Housing (2.5%)
Lancaster Cty NE, Hosp Auth #1 Immanuel Oblig Group 5.500% 01/01/30		250,000		244,452
NE Invmt. Finance Auth. Multifamily Hsg. Rev. 6.200% 06/01/28		135,000		135,049
Sarpy Cnty NE Hosp Auth #1 Immanuel Oblig Group 5.500% 01/01/30		500,000		489,465
				868,966
Other Revenue (5.0%)
Omaha Convention Hotel Corp 5.000% 02/01/35		500,000		481,600
*Omaha, NE (Riverfront Project) Special Obligation 5.500% 02/01/29		1,000,000		1,017,720
Puerto Rico Sales Tax Fin First Sub-SER A 5.000% 08/01/04		250,000		251,103
				1,750,423
Transportation (2.2%)
Lincoln, NE Parking Rev. 5.500% 08/15/31		500,000		529,320
Puerto Rico Highway Rev 4.950% 07/01/26		250,000		245,822
				775,142
Utilities (27.0%)
Cornhusker Public Power 4.100% 07/01/30		250,000		239,802
Cornhusker Public Power Dist. Electric Rev. 4.650% 07/01/29		250,000		252,280
Dawson Cty. Public Power Electric Sys. Rev. 4.750% 12/01/32		250,000		252,187
Fremont, NE Combined Utilities Rev. 5.000% 10/15/21		500,000		504,000
Lincoln, NE Elec Syst Rev 5.000% 09/01/31		250,000		258,005
*Lincoln, NE Elec. Syst. Rev. 5.000% 09/01/21		1,000,000		1,032,490
Lincoln, NE San. Swr. Rev. 4.500% 6/15/29		250,000		249,595
Lincoln, NE Water Rev. 4.000% 08/15/25		250,000		255,748
Lincoln, NE Water Rev. 4.500% 08/15/34		250,000		246,060
Lincoln, NE Water Rev. 5.000% 08/15/22		575,000		587,109
Municipal Energy Agy of NE Power Supply Rev. 5.125% 04/01/24		195,000		210,495
NE Public Pwr Generation Rev Whelan Energy 5.000% 01/01/24		250,000		255,875
Nebraska Pub Power Dist Rev 4.00% 01/01/31		250,000		219,755
Omaha Public Power Electric Rev. 5.250% 02/01/23		250,000		273,610
Omaha Public Power Rev 5.500% 02/01/33		100,000		104,589
Omaha, NE Metropolitan Utility Water Dist. Rev 4.375% 12/01/26		400,000		405,536
Omaha, NE Public Power Dist (Electric Rev) 4.300% 02/01/31		100,000		91,884
Omaha, NE Public Power Dist. (Electric Rev) 4.750% 02/01/25		250,000		258,710
Omaha, NE Public Power Dist. Elec. Syst. Rev. 6.200% 02/01/17		650,000		744,478
Omaha, NE Public Power Electric Rev. 5.000% 02/01/34		1,000,000		1,006,560
Public Power Generation Agy Whelan Energy Center 5.000% 01/01/27		250,000		258,788
Public Power Generation Agy Whelan Energy Rev 5.000% 01/01/32		500,000		484,690
Puerto Rico Electric Rev 5.250% 07/01/25		250,000		251,378
Southern Public Power Dist. 5.000% 12/15/23		250,000		266,848
Washington Cnty NE Wastewater Facs Rev (Cargill Project) 4.850% 04/01/35		800,000		734,768
				9,445,240
TOTAL MUNICIPAL BONDS (COST: $33,411,874)			$	33,613,193
SHORT-TERM SECURITIES (2.8%)		Shares
^Wells Fargo Advantage National Tax-Free Money Market 0.105% (COST: $968,466)		968,466	$	968,466
TOTAL INVESTMENTS IN SECURITIES (COST: $34,380,340) (98.6%)			$	34,581,659
OTHER ASSETS LESS LIABILITIES (1.4%)				506,826
NET ASSETS (100%)			$	35,088,485
* Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases.
^ Variable rate security; rate shown represents rate as of April 29, 2011.
Oklahoma Municipal Fund
Schedule of Investments April 29, 2011
		Principal		Fair
		Amount		Value
MUNICIPAL BONDS (97.0%)
Education (35.1%)
Claremore, OK Student Hsg Rev (Rogers University) 5.750% 09/01/34	$	500,000	$	507,710
Edmond Economic Dev Auth OK Student Housing Rev 5.375% 12/01/19		100,000		98,681
Edmond Economic Dev Auth OK Student Housing Rev 5.500% 12/01/28		865,000		753,830
McClain Cnty, OK Econ Dev Auth Ed Lease Rev (Purcell Schs) 4.250% 09/01/20		335,000		341,623
OK Board of Regents for OK ST Univ Rev 4.375% 08/01/35		200,000		178,840
OK Community College Student Fac Rev 4.375% 07/01/30		750,000		686,040
OK Colleges Board of Regents (NE State Univ Ctr) Rev 5.100% 03/01/16		140,000		140,284
OK Colleges Board of Regents (NE State Univ Ctr) Rev 5.150% 03/01/21		100,000		100,106
OK Board of Regents (Univ of Central OK) 5.600% 08/01/20		150,000		151,628
OK Board of Regents (Univ of Central OK) 5.700% 08/01/25		390,000		393,693
Ok Devl Finance Auth Lease Rev Master St Higher Ed 4.400% 12/01/29		250,000		243,822
OK Devl Finance Auth (OK State Syst Higher Ed) 4.900% 12/01/22		200,000		204,690
OK Devl Finance Auth OK State Higher Ed (Master Lease) 4.500% 06/01/26		250,000		258,257
OK Devl. Finance Auth. (Seminole State College) 5.125% 12/01/27		150,000		153,675
OK Devl Finance Auth (Langston Univ Stadium) 5.000% 07/01/27		250,000		257,515
OK Capital Impvt Auth (Higher Ed Project) Rev 5.000% 07/01/22		500,000		526,485
OK Capital Impvt. Auth. (Higher Ed. Project) 5.000% 07/01/24		250,000		260,033
*OK Capital Impvt Auth (Higher Ed Project) Rev 5.000% 07/01/30		1,000,000		1,023,840
Rural Enterprises, OK Inc Okmulgee Student Hsg Proj Ser A 5.625% 12/01/20		140,000		136,801
Rural Enterprises, OK Inc Okmulgee Student Hsg Proj Ser A 5.700% 12/01/25		220,000		206,734
Rural Enterprises, OK Inc Okmulgee Student Hsg Proj 5.750% 12/01/30		250,000		224,608
Rural Enterprises, OK Inc. Student Hsg. (Connors College) 5.550% 11/01/21		250,000		245,985
Rural Enterprises, OK Inc Student Hsg (Connors College) 5.650% 11/01/31		375,000		341,123
Rural Enterprises, OK Inc USAOF Student Housing 5.550% 11/01/21		250,000		250,138
Rural Enterprises, OK Inc USAOF Student Housing 5.650% 11/01/31		250,000		233,328
Texas Cty., OK Dev Auth (OPSU Student Hsg) 5.250% 11/01/23		250,000		214,855
University of OK Board of Regents (Research Fac) Rev 4.800% 03/01/28		670,000		676,211
University of OK Board of Regents (Multi Facs) Rev 4.750% 06/01/29		250,000		252,358
OK Board of Regents (Univ of OK) 4.125% 07/01/26		250,000		251,448
Board of Regents (OK Univ Science Center) 5.000% 07/01/36		1,000,000		1,002,110
University of OK Board of Regents Student Hsg Rev 5.000% 11/01/27		1,000,000		1,009,510
University of OK Student Hsg (Cameron Univ) Rev 5.500% 07/01/23		250,000		262,733
				11,588,694
General Obligation (2.6%)
Oklahoma City, OK 4.250% 03/01/22		110,000		113,915
Tulsa, OK General Obligation 4.500% 03/01/23		700,000		730,590
				844,505
Health Care (4.3%)
Norman, OK (Regl. Hospital) Auth. 5.250% 09/01/16		180,000		181,897
OK Devl. Finance Auth. (St. John Health Syst.) Rev. Ref. - Unrefunded 5.750% 02/15/25		125,000		125,415
OK Devl. Finance Auth. (St. John Health Syst.) Rev. Ref. - Unrefunded 6.000% 02/15/29		100,000		100,283
OK Devl Finance Auth (St John Health Syst) 5.750% 02/15/25		50,000		50,162
OK Devl Finance Auth (St Ann's Retirement Village) Rev 5.000% 12/01/28		500,000		477,475
Rural Enterprises, OK Inc OK Govt Fin (Cleveland Cty Hlth) 5.000% 11/01/21		250,000		255,033
Tulsa County Ind Auth Health Fac 4.600% 02/01/35		250,000		234,095
				1,424,360
Housing (4.4%)
OK Housing Finance Agency Single Family Homeownership 5.250% 09/01/21		40,000		40,027
OK Housing Finance Agency Single Family Homeownership 5.850% 09/01/20		10,000		10,007
*Oklahoma Housing Finance 5.050% 09/01/23		635,000		636,638
Oklahoma Housing Finance 5.150% 09/01/29		320,000		315,360
Oklahoma Housing Finance 5.200% 09/01/32		325,000		315,185
Oklahoma Housing Fin Agy Single Family Mtg Rev 5.100% 03/01/17		75,000		77,331
Oklahoma Housing Fin Agy Single Family Mtg Rev 5.100% 09/01/17		75,000		77,515
				1,472,063
Other Revenue (16.4%)
Collinsville OK Mun Auth Sales Tax Rev 5.000% 03/01/35		275,000		259,319
Collinsville OK Mun Auth Sales Tax Rev 5.000% 03/01/40		250,000		231,382
Durant, OK Community Fac Auth Sales Tax Rev 5.500% 11/01/19		250,000		264,740
Oklahoma City, OK Public Auth (OKC Fairgrounds Fac) 5.500% 10/01/19		250,000		272,867
OK Devl Finance Auth (DHS Lease Rev) Series 2000A 5.600% 03/01/15		280,000		280,406
OK Devl Finance Auth (Lease Rev) Law Enforcement 5.100% 06/01/27		120,000		121,466
OK Devl Finance Auth OK Dept of Corrections (McLoud Fac) 4.600% 04/01/22		250,000		255,447
OK Devl Finance Auth OK Dept of Corrections (McLoud Fac) 4.650% 04/01/23		250,000		254,607
OK Capital Impvt Auth (Supreme Court Proj) 4.500% 07/01/26		500,000		508,535
OK Capital Impvt Auth (OK St Bureau of Investigation) 4.375% 07/01/22		100,000		104,588
OK Capital Impvt Auth (OK St Bureau of Investigation) 4.375% 07/01/23		100,000		103,675
OK Capital Impvt Auth (OK St Bureau of Investigation) 4.500% 07/01/24		200,000		208,360
*OK State Student Loan Auth 5.625% 06/01/31		165,000		165,815
Pawnee Cnty OK Pub Programs Auth Sales Tax Rev 4.875% 02/01/30		250,000		247,093
Rogers Cnty Okla Indl Dev Auth Cap Impt Rev 4.900% 04/01/35		500,000		491,365
Tulsa Airport Improvement Rev 5.000% 06/01/23		420,000		397,526
Tulsa Airport Improvement Rev 5.000% 06/01/24		230,000		213,642
Tulsa Airport Improvement Rev 5.250% 06/01/25		245,000		229,068
Tulsa Airport Improvement Rev 5.250% 06/01/26		360,000		332,176
Tulsa Oklahoma Pub Facs Auth 4.750% 11/15/37		500,000		472,230
				5,414,307
Prerefunded (0.0%)
OK Transportation Auth Turnpike Sys Rev Prerefunded 5.000% 01/01/21		10,000		10,314
Transportation (5.7%)
Oklahoma City Airport Trust Jr. Lien Refunding Series B. 5.000% 07/01/19		250,000		269,043
Oklahoma City Airport Trust Jr. Lien Refunding Series B 5.000% 07/01/21		250,000		266,957
OK Capital Impvt Auth (State Highway ) Rev 5.000% 06/01/14		250,000		275,890
OK Transportation Auth Turnpike Sys Rev Unrefunded 5.000% 01/01/21		90,000		91,347
Tulsa, OK Arpts Impt Tr Gen Rev Ref 5.000% 06/01/19		125,000		128,521
Tulsa, OK Arpts Impt Tr Gen Rev Ref 5.000% 06/01/19		125,000		128,521
Tulsa, OK Arpts Impt Tr Gen Rev Ref 5.750% 06/01/31		500,000		493,695
Tulsa, OK Arpts Impt Tr Gen Rev Ref 6.000% 06/01/23		250,000		247,550
				1,901,524
Utilities (28.5%)
*Drumright, OK Utility Sys. Rev. 4.750% 02/01/36		950,000		878,617
Edmond, OK Pub Wks Auth Util Rev 4.850% 01/01/24		155,000		158,915
Edmond, OK Pub Wks Auth Util Rev 4.750% 07/01/24		250,000		258,722
Edmond, OK Pub Wks Auth Sales Tax & Util Sys Rev 4.750% 07/01/23		200,000		205,306
Glenpool Utility Rev 5.100% 12/01/35		250,000		251,507
Grand River Dam Authority Rev 5.250% 06/01/40		1,500,000		1,508,445
Jenks Aquarium Auth. Rev. 5.250% 07/01/29		500,000		511,455
McAlester, OK Public Works Auth 5.100% 02/01/30		100,000		102,446
Miami, OK Special Utility Rev 4.250% 12/01/25		250,000		249,263
Midwest City, OK Capital Impvt 5.375% 09/01/24		500,000		507,565
Oklahoma City, OK Water Utility Trust (Water & Sewer) Rev 5.000% 07/01/29		425,000		436,152
Oklahoma City, OK Water Utility Rev. 5.000% 07/01/34		250,000		251,935
Oklahoma City, OK Water Utility Trust (Water & Sewer) Rev 4.000% 07/01/34		250,000		221,177
Oklahoma City Water Utility 5.000% 07/01/31		250,000		264,975
*OK Municipal Power Auth Rev 5.750% 01/01/24		2,230,000		2,498,158
*OK State Water (Loan Program) Rev. 5.100% 09/01/16		40,000		40,117
Sallisaw, OK Mun Auth Util Sys Rev Ref 4.450% 01/01/28		100,000		98,407
Sapulpa Municipal Authority Utility Rev 5.125% 01/01/32		250,000		255,030
Tulsa Metropolitan Utility Auth Utility Rev 4.250% 05/01/26		100,000		101,000
Tulsa Metropolitan Util Auth Utility Rev 4.500% 05/01/27		610,000		620,254
				9,419,446
TOTAL MUNICIPAL BONDS (COST: $32,156,783)			$	32,075,213
SHORT-TERM SECURITIES (1.4%)		Shares
^Wells Fargo Advantage National Tax-Free Money Market 0.105% (COST: $446,384)		446,384	$	446,384
TOTAL INVESTMENTS IN SECURITIES (COST: 32,603,167) (98.4%)			$	32,521,597
OTHER ASSETS LESS LIABILITIES (1.6%)				530,073
NET ASSETS (100%)			$	33,051,670
* Indicates bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases.
^ Variable rate security; rate shown represents rate as of April 29, 2011.
Maine Municipal Fund
Schedule of Investments April 29, 2010
		Principal		Fair
		Amount		Value
MUNICIPAL BONDS (97.5%)
Education (15.3%)
Maine Educational Loan Auth 4.450% 12/01/25	$	100,000	$	98,095
Maine Educational Loan Auth Student Loan Rev 5.875% 12/01/39		185,000		189,519
Maine Health & Higher Edl. Facs. Auth. Rev. 5.000% 07/01/32		30,000		30,076
Maine Health & Higher Educ Facs Ser A-Bowdoin College 5.125% 07/01/39		715,000		722,236
Maine Health & Higher Educ Facsauth Rev Unrefunded Bal 5.000% 07/01/23		135,000		142,475
Regional Sch Unit No 1 ME Lower Kennebec Region Sch Unit 5.000% 02/01/26		100,000		102,788
Univ of Puerto Rico 5.000% 06/01/17		500,000		506,075
University of Maine System Rev. 4.625% 03/01/29		100,000		98,692
University of Maine System Rev 4.750% 03/01/37		550,000		521,224
				2,411,180
General Obligation (29.2%)
Bangor, ME 4.000% 09/01/24		155,000		160,471
Brewer, ME GO 4.600% 11/01/17		210,000		214,960
City of Portland, ME 4.125% 10/01/29		100,000		100,158
Gorham, ME Unlimited Tax G.O. 4.350% 02/01/24		155,000		161,211
Gray, ME Unlimited GO 4.000% 10/15/26		280,000		287,470
Gray, ME Unlimited GO 4.000% 10/15/27		280,000		283,690
Lewiston, ME G.O. 4.500% 01/15/25		200,000		206,004
Lewiston, ME G.O. 5.000% 04/01/22		500,000		523,800
Lewiston, ME G.O. 5.000% 04/01/24		250,000		261,693
Maine School Adminstrative Dist # 51 General Obligation 4.250% 10/15/29		250,000		252,190
Maine State (Highway) 5.000% 06/15/2011		200,000		201,174
Maine State Hsg Auth Energy Recovery Fund 5.000% 06/15/24		250,000		258,568
Portland, ME 4.250% 05/01/29		150,000		147,578
Saco, ME G.O. 4.000% 04/01/28		100,000		98,519
Scarborough, ME G.O. 4.400% 11/01/31		250,000		245,998
Scarborough, ME G.O. 4.400% 11/01/32		480,000		465,989
Westbrook, ME G.O. 4.250% 10/15/20		180,000		187,000
*Yarmouth, ME 5.000% 11/15/19		500,000		525,930
				4,582,403
Health Care (14.2%)
Maine Health & Higher Educ Auth (Maine Maritime Academy) 5.000% 07/01/25		340,000		349,469
Maine Health & Higher Educ Fac Auth Rev 5.000% 07/01/20		250,000		277,307
Maine Health & Higher Educ Fac Auth Rev 5.000% 07/01/40		250,000		241,000
Maine Health & Higher Educ Facs Auth 6.000% 10/01/13		195,000		214,738
*Maine Health & Higher Educ Facs Auth Rev 5.000% 07/01/39		510,000		476,294
Maine Health & Higher Educ Facs Rev 4.500% 07/01/31		200,000		186,080
Maine Health & Higher Educ Facs Rev 5.000% 07/01/22		250,000		265,518
Maine Health & Higher Educ Facs Rev 5.250% 07/01/23		200,000		215,376
				2,225,782
Housing (5.3%)
Maine State Hsg Auth 4.700% 11/15/27		250,000		247,625
Maine State Hsg Auth 5.000% 11/15/29		350,000		352,219
Maine State Hsg Auth 5.150% 11/15/32		250,000		238,945
				838,789
Other Revenue (6.7%)
Maine Governmental Facs Auth Lease Rent Rev 5.000% 10/01/23		125,000		129,545
Maine Municipal Bond Bank (Sewer & Water) Rev 4.900% 11/01/24		100,000		104,023
*Puerto Rico Public Finance Corp. Commonwealth Appropriations 5.375% 06/01/18		515,000		615,554
Puerto Rico Sales Tax Fin Corp Sales Tax Rev 5.000% 08/01/26		200,000		198,082
				1,047,204
Transportation (17.9%)
*Maine Municipal Bond Bank Transportation Infrastructure Rev 5.000% 09/01/24		1,000,000		1,099,970
Maine ST Turnpike Auth Rev 5.125% 07/01/30		500,000		506,475
Maine State Turnpike Auth 5.000% 07/01/33		450,000		452,785
Portland, ME Airport Rev 5.000% 07/01/32		500,000		501,850
Portland, ME Airport Rev 5.250% 01/01/35		250,000		252,635
				2,813,715
Utilities (8.9%)
Kennebunk, ME Power & Light Dist. 5.000% 08/01/22		500,000		536,165
Portland, ME Water District Rev 4.250% 11/01/27		500,000		503,090
Puerto Rico Electric Power Auth Power Rev 5.000% 07/01/23		100,000		100,895
Puerto Rico Electric Power Auth Power Rev 5.250% 07/01/26		250,000		250,455
				1,390,605
TOTAL MUNICIPAL BONDS (COST:$15,204,276)			$	15,309,678
SHORT-TERM SECURITIES (0.9%)		Shares
^Wells Fargo Advantage National Tax-Free Money Market 0.105% (COST: $134,650)		134,650	$	134,650
TOTAL INVESTMENTS IN SECURITIES (COST:$15,338,926) (98.4%)			$	15,444,328
OTHER ASSETS LESS LIABILITIES (1.6%)				258,709
NET ASSETS (100.0%)			$	15,703,037
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases.
^ Variable rate security; rate shown represents rate as of April 29, 2011.
NEW HAMPSHIRE MUNICIPAL FUND
Schedule of Investments April 29, 2011
		Principal		Fair
		Amount		Value
MUNICIPAL BONDS (98.0%)
Education (7.6%)
New Hampshire Hlth & Educ Facs Auth (Univ Sys of NH) 5.500% 07/01/13	$	95,000	$	96,841
NH Health & Ed Facs Dartmouth College 5.000% 06/01/28		50,000		52,756
Univ of Puerto Rico 5.000% 06/01/17		150,000		151,823
				301,420
General Obligation (41.0%)
Concord, NH G.O. 4.600% 10/15/14		100,000		101,909
*Derry, NH 4.800% 02/01/18		115,000		117,414
Gorham, NH G.O. 4.850% 04/01/14		65,000		65,143
*Hampton, NH G.O. 4.000% 12/15/20		200,000		207,516
Hillsborough, NH G.O. 4.000% 11/01/20		100,000		103,087
Hillsborough, NH G.O. 4.000% 11/01/21		100,000		102,989
Merrimack Cty., NH G.O. 4.250% 12/01/19		100,000		109,578
Merrimack Cty., NH G.O. 4.500% 12/01/27		100,000		104,109
New Hampshire Muni Bond Bank 2009 Series D 4.000% 07/15/2025		175,000		180,997
New Hampshire State Capital Improvement G.O. 4.750% 03/01/27		100,000		105,041
Portsmouth, NH G.O. 4.000% 08/01/19		100,000		105,607
*Rochester, NH G.O. 4.750% 07/15/20		300,000		315,480
				1,618,870
Health Care (15.8%)
New Hampshire Hlth & Educ Facs Auth (Exeter) 5.200% 10/01/11		60,000		60,912
*New Hampshire Hlth. & Educ. Facs. Auth. (Exeter) 5.500% 10/01/15		120,000		122,616
New Hampshire Hlth & Educ Facs Auth (Exeter) 5.625% 10/01/16		20,000		20,451
New Hampshire Health & Educ Conway Hosp 5.250% 06/01/16		100,000		102,174
New Hampshire Health & Ed Facs Auth Rev Southern NH Med Center 5.250% 10/01/23		100,000		100,799
New Hampshire Health & Educ Facs Auth Rev Healthcare Sys-Covenant Hlth-B 5.000% 07/01/24		100,000		98,831
NH Health & Educ Facs Auth Rev Dartmouth-Hitchcock 6.000% 08/01/33		115,000		116,416
				622,199
Housing (13.3%)
New Hampshire State Hsg Single Fam Rev 4.900% 07/01/25		95,000		93,727
New Hampshire State Hsg Single Fam Rev 5.000% 07/01/30		90,000		88,823
New Hampshire State Hsg Finance Auth Single Family Mtg Rev 5.350% 07/01/40		100,000		94,883
New Hampshire State Hsg Finance Auth Single Family Mtg Rev 4.625% 07/01/25		150,000		149,409
New Hampshire State Hsg Finance Auth Multi Family Housing 5.200% 07/01/31		100,000		99,286
				526,128
Other Revenue (7.5%)
New Hampshire St Business Fin Auth Solid Waste Disp Rev - Waste Mgmt Inc 5.200% 05/01/27		150,000		147,122
Puerto Rico Sales Tax Fin First Sub-SER A 5.000% 08/01/24		150,000		150,662
				297,784
Transportation (2.5%)
Puerto Rico Highway Rev 4.950% 07/01/26		100,000		98,329
Utilities (10.3%)
Manchester, NH Water Rev 5.000% 12/01/28		100,000		102,188
*Manchester, NH Water Works Rev 5.000% 12/01/34		250,000		250,582
Puerto Rico Elec Power Auth Power Rev 5.000% 07/01/23		55,000		55,492
				408,262
TOTAL MUNICIPAL BONDS (COST: $3,808,832)			$	3,872,992
SHORT-TERM SECURITIES (3.4%)		Shares
^Wells Fargo Advantage National Tax-Free Money Market 0.105% (Cost: $133,301)		133,301	$	133,301
TOTAL INVESTMENTS IN SECURITIES (COST: $3,942,133) (101.4%)			$	4,006,293
LIABILITIES IN EXCESS OF OTHER ASSETS (-1.4%)				(53,346)
NET ASSETS (100.0%)			$	3,952,947
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases.
^ Variable rate security; rate shown represents rate as of April 29, 2011.

NOTE: INVESTMENT IN SECURITIES
At April 29, 2011 the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows:
	Kansas Municipal Fund	Kansas Insured Intermediate Fund	Nebraska Municipal Fund	Oklahoma Municipal Fund	Maine Municipal Fund	New Hampshire Municipal Fund
Investments at cost	$43,883,752	$18,348,797	$34,380,340	$32,603,167	$15,338,926	$3,942,133
Unrealized appreciation	$991,488	$449,920	$616,428	$494,327	$308,390	$79,674
Unrealized depreciation	$369,856	$155,106	$415,109	$575,897	$202,988	$15,514
Net unrealized appreciation (depreciation)*	$621,632	$294,814	$201,319	($81,570)	$105,402	$64,160
*Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of wash sales and market discount.

NOTE: FAIR VALUE MEASUREMENTS
Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments.) The following is a summary of the inputs used to value the Funds' investments as of April 29, 2011:
Kansas Municipal Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$737,356	$0	$0	$737,356
Municipal Bonds	0	43,768,028	0	43,768,028
Total	$737,356	$43,768,028	$0	$44,505,384
Kansas Insured Intermediate Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$726,485	$0	$0	$726,485
Municipal Bonds	0	17,917,126	0	17,917,126
Total	$726,485	$17,917,126	$0	$18,643,611
Nebraska Municipal Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$968,466	$0	$0	$968,466
Municipal Bonds	0	33,613,193	0	33,613,193
Total	$968,466	$33,613,193	$0	$34,581,659
Oklahoma Municipal Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$446,384	$0	$0	$446,384
Municipal Bonds	0	32,075,213	0	32,075,213
Total	$446,384	$32,075,213	$0	$32,521,597
Maine Municipal Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$134,650	$0	$0	$134,650
Municipal Bonds	0	15,309,678	0	15,309,678
Total	$134,650	$15,309,678	$0	$15,444,328
New Hampshire Municipal Fund
	Level 1	Level 2	Level 3	Total
Short Term Securities	$133,301	$0	$0	$133,301
Municipal Bonds	0	3,872,992	0	3,872,992
Total	$133,301	$3,872,992	$0	$4,006,293

Item 2. CONTROLS AND PROCEDURES

(a)

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

(b)

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

Item 3. EXHIBITS

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

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

Integrity Managed Portfolios

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

June 27, 2011

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

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

June 27, 2011

By: /s/ Adam Forthun
Adam Forthun
Treasurer

June 27, 2011

EX-99.CERT

CERTIFICATIONS
I, Shannon D. Radke, certify that:
	1.	I have reviewed this report on Form N-Q of Integrity Managed Portfolios;
	2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
	3.	Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
	4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
		(a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
		(b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
		(c)	evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
		(d)	disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
	5.	The registrant's certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
		(a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
		(b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
			Date: June 27, 2011	/s/ Shannon D. Radke
				President

CERTIFICATIONS
I, Adam Forthun, certify that:
	1.	I have reviewed this report on Form N-Q of Integrity Managed Portfolios;
	2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
	3.	Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
	4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
		(a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
		(b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
		(c)	evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
		(d)	disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
	5.	The registrant's certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
		(a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
		(b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
			Date: June 27, 2011	/s/ Adam Forthun
				Treasurer