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: October 31, 2016
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 October 31, 2016 (unaudited) |
||||
|
Principal |
Fair |
|||
|
|
Amount |
|
Value |
|
|
MUNICIPAL BONDS (98.0%) |
||||
|
Education (2.2%) |
||||
|
Colby KS Comnty College Cops 3.000% 05/01/38 |
$ |
500,000 |
$ |
437,895 |
|
KS Dev Fin Auth Sales Tax Rev K-St-Olathe Innovation-L1 5.000% 09/01/39 |
200,000 |
217,038 |
||
|
KS Dev Fin Auth Rev Wichita ST Univ Student Hsg 5.000% 06/01/27 |
250,000 |
283,337 |
||
|
Sedgwick Cnty Unified Sch 5.250% 09/01/20 |
345,000 |
372,306 |
||
|
Sedgwick Cnty Unified Sch 5.250% 09/01/20 |
15,000 |
|
16,157 |
|
|
|
1,326,733 |
|||
|
General Obligation (47.0%) |
||||
|
Bourbon Cnty KS USD #234 (Fort Scott) 5.000 % 09/01/27 |
250,000 |
300,500 |
||
|
Bourbon Cnty KS USD #234 (Fort Scott) 5.000 % 09/01/28 |
250,000 |
296,707 |
||
|
Bourbon Cnty KS USD #234 (Fort Scott) 5.000% 09/01/29 |
250,000 |
293,162 |
||
|
Bourbon Cnty KS USD #234 (Fort Scott) 5.000 % 09/01/30 |
250,000 |
291,747 |
||
|
Bourbon Cnty KS USD #234 (Fort Scott) 5.000 % 09/01/31 |
500,000 |
580,360 |
||
|
Butler Cnty KS USD #402 5.250% 09/01/21 |
560,000 |
604,396 |
||
|
Butler Cnty KS USD #402 4.000% 09/01/30 |
250,000 |
280,670 |
||
|
Butler Cnty KS USD #385 5.000% 09/01/18 |
500,000 |
537,640 |
||
|
Clay Cnty KS Ref & Impt GO 4.000% 10/01/36 |
500,000 |
527,140 |
||
|
Cowley Cnty KS USD #470 5.500% 09/01/21 |
100,000 |
107,844 |
||
|
Cowley Cnty KS USD #470 4.750% 09/01/27 |
490,000 |
527,843 |
||
|
Cowley Cnty KS USD #462 (Cental) GO 3.000% 09/01/36 |
390,000 |
390,152 |
||
|
Dickinson Cnty KS USD #473 5.000% 09/01/27 |
325,000 |
361,478 |
||
|
Dickinson Cnty KS USD #473 4.400% 09/01/29 |
100,000 |
109,551 |
||
|
Douglas Cnty KS USD #348 Baldwin GO 4.000% 09/01/30 |
250,000 |
284,287 |
||
|
Douglas Cnty KS USD #491 Eudora 5.500% 09/01/24 |
250,000 |
270,828 |
||
|
Douglas Cnty KS USD #491 Eudora 5.000% 09/01/23 |
375,000 |
416,531 |
||
|
Douglas Cnty KS USD #491 Eudora 5.125% 09/01/29 |
250,000 |
278,558 |
||
|
*Franklin Cnty KS USD #290 5.000% 09/01/40 |
3,000,000 |
3,400,590 |
||
|
Harvey Cnty KS USD #373 (Newton) 4.000% 09/01/18 |
250,000 |
265,850 |
||
|
Harvey Cnty KS USD #373 (Newton) 5.000% 09/01/23 |
200,000 |
216,222 |
||
|
Harvey Cnty KS USD #373 (Newton) 5.000% 09/01/25 |
1,000,000 |
1,081,110 |
||
|
Jackson Cnty KS USD #336 5.000% 09/01/29 |
250,000 |
286,738 |
||
|
Jackson Cnty KS USD #336 5.000% 09/01/34 |
250,000 |
281,095 |
||
|
Johnson & Miami Cnty KS USD #230 3.500% 09/01/30 |
250,000 |
265,015 |
||
|
Johnson & Miami Cnty KS USD #230 4.000% 09/01/36 |
500,000 |
535,460 |
||
|
Johnson Cnty KS USD #231 5.000% 10/01/25 |
250,000 |
300,928 |
||
|
Johnson Cnty KS USD #233 G.O. 4.000% 09/01/29 |
500,000 |
565,310 |
||
|
Johnson Cnty KS USD #233 4.000% 09/01/18 |
150,000 |
159,933 |
||
|
Junction City KS Ref & Impt 5.000% 09/01/25 |
250,000 |
259,235 |
||
|
Junction City KS Unlimited GO 4.250% 09/01/21 |
100,000 |
109,016 |
||
|
Junction City KS Unlimited GO 4.400% 09/01/22 |
100,000 |
109,434 |
||
|
Junction City KS Unlimited GO 4.500% 09/01/23 |
100,000 |
109,712 |
||
|
Leavenworth Cnty KS USD #453 GO Impt & Ref 5.250% 03/01/24 |
200,000 |
224,860 |
||
|
Leavenworth Cnty KS USD #453 4.750% 09/01/25 |
300,000 |
334,890 |
||
|
*Leavenworth Cnty KS USD #453 GO Impt & Ref 5.125% 03/01/29 |
1,000,000 |
1,123,510 |
||
|
Leavenworth Cnty KS USD #458 5.000% 09/01/29 |
500,000 |
586,500 |
||
|
Leavenworth Cnty KS USD #469 Lansing 4.000% 09/01/30 |
320,000 |
344,509 |
||
|
Wichita Cnty KS USD #467 (Leoti) 5.000% 10/01/18 |
100,000 |
108,239 |
||
|
Manhattan KS GO 5.000% 11/01/28 |
130,000 |
139,572 |
||
|
Miami Cnty KD USD #368 5.000% 09/01/27 |
250,000 |
286,968 |
||
|
Montgomery Cnty KS USD #446 5.000% 09/01/33 |
250,000 |
259,363 |
||
|
Neosho Cnty KS USD #413 4.000% 09/01/31 |
250,000 |
268,558 |
||
|
Newton KS Unlimited GO 5.000% 09/01/21 |
100,000 |
111,075 |
||
|
Newton KS Unlimited GO 4.750% 09/01/29 |
435,000 |
480,149 |
||
|
Park City KS 5.100% 12/01/20 |
200,000 |
225,234 |
||
|
Park City KS 5.500% 12/01/24 |
100,000 |
113,830 |
||
|
Park City KS 6.000% 12/01/29 |
500,000 |
576,730 |
||
|
City of Park City KS 5.375% 12/1/25 |
250,000 |
282,485 |
||
|
Salina KS GO 4.625% 10/01/27 |
200,000 |
206,896 |
||
|
Scott Cnty KS Ref GO 5.000% 04/01/32 |
500,000 |
595,075 |
||
|
Sedgwick Cnty KS USD #261 5.000% 11/01/21 |
245,000 |
255,956 |
||
|
Sedgwick Cnty KS USD #261 5.000% 11/01/21 |
5,000 |
5,232 |
||
|
Sedgwick Cnty KS USD #262 5.000% 09/01/18 |
100,000 |
108,063 |
||
|
Sedgwick Cnty KS USD #262 5.000% 09/01/28 |
485,000 |
524,290 |
||
|
Sedgwick Cnty KS USD #262 5.000% 09/01/28 |
15,000 |
15,982 |
||
|
Sedgwick Cnty Unified Sch 5.000% 09/01/24 |
245,000 |
263,282 |
||
|
Sedgwick Cnty Unified Sch 5.000% 09/01/24 |
5,000 |
5,370 |
||
|
Sedgwick Cnty KS USD #262 5.000% 09/01/35 |
1,000,000 |
1,142,150 |
||
|
Sedgwick Cnty KS USD #265 (Goddard) 4.250% 10/01/20 |
750,000 |
804,795 |
||
|
Sedgwick Cnty KS USD #265 (Goddard) 4.500% 10/01/26 |
250,000 |
268,708 |
||
|
Sedgwick Cnty Unified Sch 5.250% 09/01/19 |
215,000 |
231,976 |
||
|
Sedgwick Cnty Unified Sch 5.250% 09/01/19 |
10,000 |
10,783 |
||
|
Seward Cty KS Unlimited GO Hosp Ref & Impt 5.000% 08/01/34 |
260,000 |
297,401 |
||
|
Seward Cty KS Unlimited GO Hosp Ref & Impt 5.000% 08/01/34 |
240,000 |
267,929 |
||
|
Seward Cty KS USD #480 GO 5.000% 09/01/34 |
500,000 |
566,520 |
||
|
Seward Cty KS USD #480 GO 5.000% 09/01/33 |
500,000 |
568,600 |
||
|
Seward Cty KS USD #480 GO 4.250% 09/01/39 |
500,000 |
532,190 |
||
|
Sherman Cnty, KS USD #352 (Goodland) GO 3.000% 09/01/33 |
500,000 |
502,950 |
||
|
Wichita KS GO 4.500% 09/01/22 |
150,000 |
155,790 |
||
|
Wichita KS GO 4.750% 09/01/27 |
180,000 |
186,674 |
||
|
Wyandotte Cnty KS GO 5.000% 08/01/25 |
250,000 |
257,948 |
||
|
Wyandotte Cnty KS GO 5.000% 08/01/27 |
500,000 |
515,895 |
||
|
Wyandotte Cnty KS USD #202 5.250% 09/01/18 |
100,000 |
108,695 |
||
|
Wyandotte Cnty KS USD #202 5.000% 09/01/25 |
250,000 |
|
300,555 |
|
|
|
28,571,219 |
|||
|
Health Care (20.4%) |
||||
|
Ashland KS Public Bldg Commission Revenue 5.000% 09/01/30 |
1,020,000 |
1,097,551 |
||
|
Ashland KS Public Bldg Commission Revenue 5.000% 09/01/35 |
500,000 |
530,735 |
||
|
Ashland KS Public Bldg Commission Revenue 5.000% 09/01/32 |
550,000 |
605,336 |
||
|
KS Dev Fin Auth Lease Rev Univ KS Tenant 5.000% 06/15/39 |
1,000,000 |
1,068,500 |
||
|
KS Dev Fin Auth Rev Sisters Leavenworth-Ser A 5.000% 01/01/40 |
435,000 |
491,180 |
||
|
KS Dev Fin Auth Rev Sisters Leavenworth-Ser A 5.000% 01/01/40 |
65,000 |
69,933 |
||
|
KS Dev Fin Auth Rev Adventist Health 5.150% 11/15/23 |
250,000 |
278,528 |
||
|
KS Dev Fin Auth Rev Adventist Health 5.250% 11/15/24 |
250,000 |
279,125 |
||
|
KS Dev Fin Auth Rev Adventist Health 5.500% 11/15/29 |
100,000 |
111,417 |
||
|
KS Dev Fin Auth Hlth Facs Rev Stormont-Vail Healthcare 5.125% 11/15/32 |
410,000 |
425,293 |
||
|
KS Dev Fin Auth Hlth Facs Rev Stormont-Vail Healthcare 5.125% 11/15/36 |
500,000 |
513,055 |
||
|
KS Dev Fin Auth Hlth Facs Rev Hays Med Ctr 5.000% 05/15/25 |
250,000 |
269,210 |
||
|
KS Dev Fin Auth Hlth Facs Rev Hays Med Ctr 5.000% 05/15/35 |
1,000,000 |
1,063,870 |
||
|
KS Dev Fin Auth Hlth Facs Rev (KU Hlth Sys) 5.000% 03/01/28 |
755,000 |
828,514 |
||
|
KS Dev Fin Auth Hlth Facs Rev Stormont-Vail Healthcare 4.125% 11/15/27 |
100,000 |
109,087 |
||
|
Lincoln Cnty KS Pub Bldg (Lincoln Cnty Hosp) 5.500% 03/01/35 |
500,000 |
531,120 |
||
|
Manhattan KS Hosp Rev Mercy Health Ctr 5.000% 11/15/23 |
250,000 |
293,250 |
||
|
Manhattan KS Hosp Rev Mercy Health Ctr 5.000% 11/15/24 |
250,000 |
291,135 |
||
|
Manhattan KS Hosp Rev Mercy Health Ctr 5.000% 11/15/29 |
500,000 |
563,880 |
||
|
Olathe KS Hlth Facs Rev Olathe Med Ctr 5.000% 09/01/29 |
500,000 |
512,390 |
||
|
Olathe KS Hlth Facs Rev Olathe Med Ctr 5.000% 09/01/30 |
250,000 |
270,720 |
||
|
Olathe KS Hlth Facs Rev Olathe Med Ctr 4.000% 09/01/28 |
250,000 |
266,123 |
||
|
Olathe KS Hlth Facs Rev Olathe Med Ctr 4.000% 09/01/30 |
445,000 |
470,067 |
||
|
Univ KS Hosp Auth Ref & Impt-KU Hlth Sys 4.000% 09/01/40 |
500,000 |
537,390 |
||
|
Univ KS Hosp Auth 5.000% 09/01/35 |
500,000 |
573,170 |
||
|
Wichita KS Hosp Rev (Via Christi Hlth Sys) 5.000% 11/15/29 |
300,000 |
|
359,742 |
|
|
|
12,410,321 |
|||
|
Housing (0.3%) |
||||
|
KS Dev Fin Auth Rev (Sec. 8) Rev Ref. 6.400% 01/01/24 |
170,000 |
|
170,200 |
|
|
Other Revenue (15.4%) |
||||
|
Butler Cnty KS Pub Bldg Impt Rev 4.500% 10/01/21 |
160,000 |
160,152 |
||
|
Dodge City KS Sales Tax Rev 5.000% 06/01/21 |
310,000 |
341,554 |
||
|
Dodge City KS Sales Tax Rev 4.400% 06/01/25 |
350,000 |
380,377 |
||
|
Dodge City KS Sales Tax Rev 4.500% 06/01/28 |
100,000 |
108,934 |
||
|
*Dodge City KS Sales Tax Rev 5.250% 06/01/31 |
1,000,000 |
1,108,150 |
||
|
KS Dev Fin Auth Rev KS Projs-Ser B 4.125% 05/01/31 |
500,000 |
533,035 |
||
|
KS Dev Fin Auth Rev Athletic Facs (K-St Athletics Inc) 5.000% 07/01/32 |
250,000 |
257,135 |
||
|
KS Dev Fin Auth Rev (KS St Proj) Unrefunded 5.000% 10/01/17 |
20,000 |
20,037 |
||
|
KS Dev Fin Auth Rev (KS St Proj) 5.000% 11/01/34 |
500,000 |
543,160 |
||
|
KS Dev Fin Auth Rev (Dept Admin) 5.000% 11/01/25 |
250,000 |
250,000 |
||
|
KS Dev Fin Auth Rev (KS St Proj) 5.250% 11/01/25 |
350,000 |
365,841 |
||
|
KS Dev Fin Auth Rev (KS St Proj) 5.000% 05/01/35 |
250,000 |
267,315 |
||
|
Lincoln Cnty KS Pub Bldg (Lincoln Cnty Hosp) 5.000% 03/01/28 |
250,000 |
264,387 |
||
|
Manhattan KS Sales Tax Rev Downtown Redev 5.250% 12/01/26 |
80,000 |
86,166 |
||
|
Manhattan KS Sales Oblig Rev North Proj Area - Downtown A 5.000% 12/01/26 |
500,000 |
526,275 |
||
|
Manhattan KS Sales Tax Rev 4.500% 12/01/25 |
500,000 |
549,610 |
||
|
*Manhattan KS Sales Tax Rev 5.000% 12/01/32 |
1,000,000 |
1,116,010 |
||
|
Neosho Cnty KS Sales Tax Rev 4.000% 10/01/23 |
500,000 |
538,480 |
||
|
Topeka KS Pub Bldg Commn Lease Rev Social & Rehab Proj 5.000% 06/01/22 |
255,000 |
276,152 |
||
|
Washinton Cnty KS Pub Bldg Com Rev Law Enforcement Ctr & Hosp Proj 4.000% 09/01/28 |
600,000 |
657,018 |
||
|
Washinton Cnty KS Pub Bldg Com Rev Law Enforcement Ctr & Hosp Proj 5.000% 09/01/32 |
500,000 |
557,990 |
||
|
Washinton Cnty KS Pub Bldg Com Rev Law Enforcement Ctr & Hosp Proj 5.000% 09/01/37 |
400,000 |
|
441,712 |
|
|
|
9,349,490 |
|||
|
Transportation (1.9%) |
||||
|
KS Dept of Transportation Highway Rev. 5.000% 09/01/34 |
500,000 |
602,385 |
||
|
KS Dept of Transportation Highway Rev. 5.000% 09/01/35 |
250,000 |
301,158 |
||
|
KS Dev Fin Auth Rev (Road Revolving Fund) 4.625% 10/01/26 |
250,000 |
|
265,383 |
|
|
|
1,168,926 |
|||
|
Utilities (10.8%) |
||||
|
*KS Municipal Energy Agency (Jameson Energy Project) Rev 5.750% 07/01/38 |
1,000,000 |
1,180,220 |
||
|
KS Pwr Pool Elec Util Rev 4.500% 12/01/28 |
500,000 |
537,200 |
||
|
KS Pwr Pool Elec Util Rev 5.000% 12/01/31 |
750,000 |
813,952 |
||
|
Kansas Power Pool Elec Util Rev Dogwood Fac-Ser A 4.000% 12/01/31 |
500,000 |
534,720 |
||
|
Topeka KS Utilities Rev Ref & Impt- Comb- Ser A 3.000% 08/01/41 |
500,000 |
470,095 |
||
|
Wyandotte Cnty KS Govt Util Sys Rev 5.000% 09/01/24 |
200,000 |
217,236 |
||
|
Wyandotte Cnty KS Govt Util Sys Rev 5.000% 09/01/29 |
500,000 |
538,010 |
||
|
Wyandotte Cnty KS Govt Util Sys Rev 5.000% 09/01/36 |
250,000 |
279,427 |
||
|
*Wyandotte Cnty KS Govt Util Sys Rev 5.000% 09/01/32 |
1,250,000 |
1,412,187 |
||
|
Wyandotte Cnty KS Govt Util Sys Rev Impt - Ser A 5.000% 09/01/35 |
500,000 |
|
574,835 |
|
|
|
6,557,882 |
|||
|
TOTAL MUNICIPAL BONDS (COST: $56,424,463) |
$ |
59,554,771 |
||
|
OTHER ASSETS LESS LIABILITIES (2.0%) |
|
1,194,608 |
||
|
NET ASSETS (100.0%) |
$ |
60,749,379 |
||
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
|
NEBRASKA MUNICIPAL FUND |
||||
|
Schedule of Investments October 31, 2016 (unaudited) |
||||
|
Principal |
Fair |
|||
|
|
Amount |
Value |
||
|
MUNICIPAL BONDS (96.2%) |
||||
|
Education (21.3%) |
||||
|
Douglas Cnty NE Edl Facs Rev Creighton Univ 5.500% 07/01/30 |
$ |
350,000 |
$ |
394,632 |
|
*Douglas Cnty NE Edl Facs Rev Creighton Univ 5.875% 07/01/40 |
1,500,000 |
1,703,520 |
||
|
Douglas Cnty NE Hosp Auth #2 (Boys Town Proj) 4.750% 09/01/28 |
200,000 |
210,692 |
||
|
Lincoln NE Ed & Fac Rev (Wesleyan Univ) 4.000% 04/01/32 |
750,000 |
786,480 |
||
|
NE St Colleges Student Fees (Wayne St College) 3.250% 07/01/36 |
500,000 |
499,980 |
||
|
Metropolitan Cmnty College Fort Omaha Campus Project 3.000% 03/01/36 |
500,000 |
476,595 |
||
|
NE Edl Fin Auth Rev Ref - Clarkson College Proj 5.050% 09/01/30 |
250,000 |
281,310 |
||
|
NE Elem & Secondary Sch Auth Ed Facs Rev 4.750% 09/01/28 |
250,000 |
264,297 |
||
|
Univ of NE Brd of Regt (Student Fees & Fac) 5.000% 07/01/35 |
1,500,000 |
1,769,175 |
||
|
Univ of NE Brd of Regt (Student Fees & Fac) 5.000% 05/15/35 |
500,000 |
586,685 |
||
|
Univ of NE Rev 5.000% 05/15/33 |
250,000 |
299,780 |
||
|
Univ of NE Brd of Regt Student Facs 5.000% 05/15/32 |
250,000 |
255,772 |
||
|
Univ of NE Brd of Regt (Hlth & Rec Proj) 5.000% 05/15/33 |
600,000 |
637,932 |
||
|
Univ of NE Rev Lincoln Student 4.000% 07/01/24 |
250,000 |
266,405 |
||
|
Univ of NE Omaha Student Hsg Proj 4.500% 05/15/30 |
250,000 |
270,953 |
||
|
Univ of NE Omaha Student Hsg Proj 5.000% 05/15/35 |
275,000 |
305,121 |
||
|
Univ of NE (Univ of NE - Lincoln Student Fees) Rev 5.000% 07/01/42 |
1,000,000 |
1,115,980 |
||
|
Univ of NE Lincoln Student Facs 5.000% 07/01/38 |
250,000 |
|
283,105 |
|
|
|
10,408,414 |
|||
|
General Obligation (19.9%) |
||||
|
Buffalo County NE GO 3.000% 12/15/32 |
750,000 |
750,780 |
||
|
Douglas Cnty NE SD #010 4.000% 12/15/34 |
300,000 |
323,904 |
||
|
Douglas CNTY SCH DIST #59 Bennington 3.000% 12/15/35 |
500,000 |
486,205 |
||
|
Hall Cnty NE Arpt Auth Ser-A Amt GO 5.000% 07/15/30 |
410,000 |
447,851 |
||
|
Hall Cnty NE Arpt Auth Ser-A Amt GO 5.000% 07/15/31 |
435,000 |
473,784 |
||
|
Hall Cnty NE Sch Dist #2 Grand Is GO 5.000% 12/15/33 |
500,000 |
585,095 |
||
|
Hall Cnty NE Sch Dist #2 Grand Is GO 5.000% 12/15/39 |
500,000 |
579,750 |
||
|
LaVista, NE Hwy Allocation FD 3.000% 5/01/36 |
600,000 |
573,840 |
||
|
Lincoln-Lancaster Cnty Neb Pub Bldg Lease Rev 4.000% 10/15/30 |
100,000 |
100,862 |
||
|
City of Lincoln COP 4.000% 04/01/27 |
325,000 |
380,474 |
||
|
*Omaha NE (Convention Center) GO 5.250% 04/01/27 |
1,000,000 |
1,311,240 |
||
|
Omaha NE Unlimited GO 5.000% 10/15/25 |
250,000 |
278,165 |
||
|
Sarpy Cnty Sch Dist #27 Papillion-LA Vista GO 5.000% 12/01/28 |
250,000 |
270,032 |
||
|
Papio Missouri River NE Natural Res Dist GO 4.000% 12/15/24 |
250,000 |
259,167 |
||
|
Papio Missouri River NE Natural Res Dist GO 5.000% 12/15/26 |
250,000 |
268,620 |
||
|
Papio Missouri River NE Ref-Flood Protn & Wtr Quality Enhancement 4.000% 12/15/30 |
1,000,000 |
1,054,860 |
||
|
Ralston NE Arena GO 4.500% 09/15/31 |
500,000 |
480,750 |
||
|
Sarpy Cnty NE Sch Dist #37 Ref & Sch Bldg 5.000% 12/15/35 |
250,000 |
293,478 |
||
|
Sarpy Cnty NE Sch Dist #37 Ref & Sch Bldg - Gretna Public Schools 3.000% 12/15/39 |
500,000 |
462,740 |
||
|
Scotts Bluff Cnty NE Sch Dist #32 GO 5.000% 12/01/31 |
250,000 |
|
298,573 |
|
|
|
9,680,170 |
|||
|
Health Care (7.5%) |
||||
|
Adams Cnty NE Hosp Auth #1 Hosp Rev (Mary Lanning Mem Hosp) 5.250% 12/15/33 |
250,000 |
267,988 |
||
|
Douglas Cnty NE Hosp Auth #002 (NE Med Ctr) 5.000% 11/15/16 |
250,000 |
250,343 |
||
|
Douglas Cnty NE Hosp Auth #002 Immanuel Group 5.500% 01/01/30 |
500,000 |
550,940 |
||
|
Douglas Cnty NE Hosp Methodist Health 5.500% 11/01/38 |
795,000 |
864,833 |
||
|
Douglas Cnty NE Hosp Methodist Health 5.500% 11/01/38 |
415,000 |
451,454 |
||
|
Lincoln Cnty NE Hosp Auth (Great Plains Regl Med Cntr) 5.000% 11/01/23 |
250,000 |
287,178 |
||
|
Lincoln Cnty NE Hosp Auth (Great Plains Regl Med Cntr) 5.000% 11/01/24 |
250,000 |
285,513 |
||
|
Lincoln Cnty NE Hosp Auth (Great Plains Regl Med Cntr) 5.000% 11/01/25 |
250,000 |
285,130 |
||
|
Lincoln Cnty NE Hosp Auth (Great Plains Regl Med Cntr) 5.000% 11/01/32 |
250,000 |
277,218 |
||
|
Lincoln Cnty NE Hosp Auth #1 North Platte 4.000% 11/01/37 |
150,000 |
|
154,314 |
|
|
|
3,674,911 |
|||
|
Housing (1.7%) |
||||
|
Lancaster Cnty NE Hosp Auth #1 Immanuel Oblig Group 5.500% 01/01/30 |
250,000 |
275,470 |
||
|
Sarpy Cnty NE Hosp Auth #1 Immanuel Oblig Group 5.500% 01/01/30 |
500,000 |
|
550,940 |
|
|
|
826,410 |
|||
|
Other Revenue (7.3%) |
||||
|
Lincoln NE West Haymarket Joint Pub Agy GO Fac 5.000% 12/15/42 |
750,000 |
848,805 |
||
|
NE Coop Republican Platte Enhancement Project River 5.125% 12/15/33 |
250,000 |
267,628 |
||
|
NE Coop Republican Platte Enhancement Project River 5.000% 12/15/38 |
160,000 |
168,102 |
||
|
NE Coop Republican Platte Enhancement Project River 3.850% 12/15/30 |
300,000 |
309,120 |
||
|
Omaha Convention Hotel Corp 5.000% 02/01/35 |
500,000 |
502,535 |
||
|
Omaha Pub Fac Corp Lease Rev Omaha Tech & Forestry Equip 4.000% 11/15/31 |
115,000 |
119,541 |
||
|
*Omaha NE Special Tax Rev 5.000% 02/01/27 |
1,000,000 |
1,160,260 |
||
|
Upper Republican Natural Resource District 4.000% 12/15/24 |
200,000 |
|
210,074 |
|
|
|
3,586,065 |
|||
|
Transportation (1.2%) |
||||
|
Lincoln NE Pkg Rev 5.500% 08/15/31 |
500,000 |
|
575,225 |
|
|
Utilities (37.3%) |
||||
|
*Central Plains Energy Proj Rev 5.000% 09/01/27 |
1,000,000 |
1,141,860 |
||
|
Central Plains Energy Proj Rev 5.250% 09/01/37 |
500,000 |
558,495 |
||
|
Central Plains Energy Proj Rev 5.000% 09/01/42 |
500,000 |
558,565 |
||
|
Columbus, NE Combined Rev & Ref 4.000% 12/15/32 |
100,000 |
109,242 |
||
|
Dawson NE Pub Pwr Dist Elec Sys Rev 3.050% 06/15/36 |
575,000 |
543,277 |
||
|
Grand Island NE Sewer Sys Rev 5.000% 09/15/26 |
250,000 |
296,715 |
||
|
Hastings NE Comb Utility Rev Ref 4.000% 10/15/32 |
500,000 |
539,615 |
||
|
*Lincoln NE Elec Syst Rev 5.000% 09/01/37 |
1,000,000 |
1,147,450 |
||
|
Lincoln NE San Swr Rev 4.500% 06/15/29 |
250,000 |
253,695 |
||
|
Lincoln NE Solid Waste Mgmt Rev 4.000% 08/01/25 |
275,000 |
315,067 |
||
|
Lincoln NE Solid Waste Mgmt Rev 4.000% 08/01/27 |
400,000 |
452,080 |
||
|
Lincoln NE Wtr Rev 4.000% 08/15/25 |
250,000 |
268,347 |
||
|
Lincoln NE Wtr Rev 4.500% 08/15/34 |
250,000 |
265,817 |
||
|
NE Metro Util Dist Omaha Wtr Rev 4.000% 12/15/24 |
750,000 |
841,807 |
||
|
NE Metro Util Dist Omaha Wtr Rev 4.000% 12/15/26 |
250,000 |
279,380 |
||
|
Muni Energy Agy of NE Pwr Supply Sys Rev 5.125% 04/01/24 |
195,000 |
214,344 |
||
|
Muni Energy Agy of NE Pwr Supply Sys Rev 5.000% 04/01/30 |
500,000 |
562,580 |
||
|
Muni Energy Agy of NE Pwr Supply Sys Rev 5.000% 04/01/32 |
100,000 |
111,894 |
||
|
NE Pub Pwr Dist Rev 5.000% 01/01/41 |
250,000 |
289,547 |
||
|
#NE Public Power Dist Gen- Ser C 5.000% 01/01/36 |
2,355,000 |
2,737,098 |
||
|
NE Pub Pwr Dist Rev 5.000% 01/01/28 |
250,000 |
290,787 |
||
|
NE Pub Pwr Dist Rev 5.000% 01/01/30 |
500,000 |
577,960 |
||
|
Omaha NE Metro Util Wtr Dist Rev 4.375% 12/01/26 |
400,000 |
401,220 |
||
|
Omaha NE Pub Pwr Dist Elec Sys Rev 5.250% 02/01/23 |
250,000 |
264,468 |
||
|
Omaha NE Pub Pwr Dist Elec Sys Rev 5.500% 02/01/33 |
100,000 |
106,098 |
||
|
Omaha NE Pub Pwr Dist Elec Sys Rev 6.200% 02/01/17 |
140,000 |
141,263 |
||
|
Omaha Sanitation & Sewer 5.000% 11/15/29 |
250,000 |
300,638 |
||
|
Omaha Sanitation & Sewer 5.000% 11/15/30 |
250,000 |
299,223 |
||
|
Omaha Sanitation & Sewer 5.000% 11/15/31 |
500,000 |
595,210 |
||
|
#Omaha Sanitation & Sewer 4.000% 04/01/35 |
250,000 |
269,588 |
||
|
Omaha NE Pub Pwr Dist Sep Elec Sys Rev 5.000% 02/01/32 |
250,000 |
293,925 |
||
|
Omaha NE Pub Pwr Dist Sep Elec Sys Rev 5.000% 02/01/31 |
445,000 |
530,769 |
||
|
Omaha NE Pub Pwr Dist Sep Elec Sys Rev 4.000% 02/01/32 |
400,000 |
433,172 |
||
|
Omaha NE Pub Pwr Dist Sep Elec Sys Rev 4.000% 02/01/35 |
365,000 |
392,138 |
||
|
NE Pub Pwr Generation Agy Whelan Energy 5.000% 01/01/24 |
250,000 |
251,785 |
||
|
NE Pub Pwr Generation Agy Whelan Energy 5.000% 01/01/27 |
250,000 |
251,785 |
||
|
NE Pub Pwr Generation Agy Whelan Energy 5.000% 01/01/32 |
780,000 |
785,569 |
||
|
NE Pub Pwr Generation Agy Whelan Energy 5.000% 01/01/32 |
220,000 |
221,571 |
||
|
Southern Pub Pwr Dist 5.000% 12/15/23 |
250,000 |
|
272,645 |
|
|
|
18,166,689 |
|||
|
TOTAL MUNICIPAL BONDS (COST: $44,984,586) |
$ |
46,917,884 |
||
|
OTHER ASSETS LESS LIABILITIES (3.8%) |
|
1,831,288 |
||
|
NET ASSETS (100.0%) |
$ |
48,749,172 |
||
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
|
#When-issued purchase as of October 31, 2016. |
||||
|
OKLAHOMA MUNICIPAL BOND |
||||
|
Schedule of Investments October 31, 2016 (unaudited) |
||||
|
Principal |
Fair |
|||
|
|
Amount |
|
Value |
|
|
MUNICIPAL BONDS (96.3%) |
||||
|
Education (19.5%) |
||||
|
OK Agric & Mech Colleges Rev (OK St Univ) 5.000% 07/01/39 |
$ |
140,000 |
$ |
152,093 |
|
OK Agric & Mech Colleges Rev (OK St Univ) 4.400% 08/01/39 |
740,000 |
788,773 |
||
|
*OK Community College Student Fac Rev 4.375% 07/01/30 |
750,000 |
801,577 |
||
|
OK Dev Fin Auth Lease Rev Master St Higher Ed 4.400% 12/01/29 |
250,000 |
267,487 |
||
|
OK Dev Fin Auth Lease Rev Higher Ed Master Ppty 5.000% 06/01/39 |
500,000 |
573,875 |
||
|
OK Dev Fin Auth Lease Rev Higher Ed Master Ppty 5.000% 06/01/29 |
250,000 |
298,860 |
||
|
OK Dev Fin Auth Lease Rev Higher Ed Master Ppty 5.000% 06/01/34 |
500,000 |
585,500 |
||
|
OK Dev Fin Auth Lease Rev Higher Ed Master Ppty 5.000% 06/01/39 |
500,000 |
574,980 |
||
|
OK Dev Fin Auth Rev East Central Univ 4.000% 08/01/30 |
280,000 |
305,287 |
||
|
OK Dev Fin Auth Rev East Central Univ 4.000% 08/01/31 |
290,000 |
314,870 |
||
|
OK Dev Fin Auth Rev East Central Univ 4.000% 08/01/32 |
305,000 |
329,607 |
||
|
OK Dev Fin Auth Rev East Central Univ 4.000% 08/01/33 |
315,000 |
338,994 |
||
|
Brd of Regt (OK Univ Science Ctr) 5.000% 07/01/36 |
1,000,000 |
1,047,730 |
||
|
Univ of OK Rev 5.000% 07/01/37 |
290,000 |
326,227 |
||
|
Univ of OK Rev Gen-Ser A 5.000% 07/01/41 |
250,000 |
282,458 |
||
|
Univ of OK Rev Gen-Ser A 3.375% 07/01/42 |
435,000 |
440,655 |
||
|
Univ of OK Rev Gen-Ser C 5.000% 07/01/36 |
500,000 |
578,275 |
||
|
Univ of OK Rev Gen-Ser C 4.000% 07/01/40 |
650,000 |
691,763 |
||
|
Univ of OK Rev Gen-Ser C 5.000% 07/01/38 |
500,000 |
|
576,205 |
|
|
|
9,275,216 |
|||
|
General Obligation (3.9%) |
||||
|
Broken Arrow GO Series A 4.125% 08/01/31 |
180,000 |
194,843 |
||
|
Oklahoma City OK 5.000% 03/01/27 |
400,000 |
420,456 |
||
|
*Oklahoma City OK 4.000% 03/01/24 |
1,000,000 |
1,155,260 |
||
|
Oklahoma City OK GO 3.000% 03/01/30 |
100,000 |
|
100,899 |
|
|
|
1,871,458 |
|||
|
Health Care (4.3%) |
||||
|
OK St Dev Fin Auth Hlth Sys Rev Ref Sef A 5.000% 08/15/25 |
350,000 |
435,162 |
||
|
OK St Dev Fin Auth Hlth Sys Rev Ref Sef A 5.000% 08/15/29 |
250,000 |
297,962 |
||
|
OK St Dev Fin Auth Hlth Sys Rev Ref Sef A 4.000% 08/15/38 |
250,000 |
261,812 |
||
|
OK Dev Fin Auth Rev (St John Hlth Sys) 5.000% 02/15/42 |
250,000 |
273,340 |
||
|
OK Dev Fin Auth Rev (St John Hlth Sys) 5.000% 02/15/37 |
15,000 |
15,186 |
||
|
OK Dev Fin Auth Rev (St John Hlth Sys) 5.000% 02/15/37 |
485,000 |
488,259 |
||
|
Tulsa Cnty Ind Auth Health Fac 4.600% 02/01/35 |
250,000 |
|
265,155 |
|
|
|
2,036,876 |
|||
|
Housing (0.8%) |
||||
|
OK Hsg Fin Agy Single Family Mtg Rev AMT 5.050% 09/01/23 |
190,000 |
190,619 |
||
|
OK Hsg Fin Agy Single Family Mtg Rev AMT 5.150% 09/01/29 |
95,000 |
95,190 |
||
|
OK Hsg Fin Agy Single Family Mtg Rev AMT 5.200% 09/01/32 |
90,000 |
90,203 |
||
|
OK Hsg Fin Agy Single Family Mtg Rev AMT 5.100% 03/01/17 |
15,000 |
15,066 |
||
|
OK Hsg Fin Agy Single Family Mtg Rev AMT 5.100% 09/01/17 |
10,000 |
|
10,099 |
|
|
|
401,177 |
|||
|
Other Revenue (23.1%) |
||||
|
Collinsville OK Mun Auth Sales Tax Rev 5.000% 03/01/35 |
275,000 |
313,170 |
||
|
Collinsville OK Mun Auth Sales Tax Rev 5.000% 03/01/40 |
250,000 |
284,700 |
||
|
Oklahoma City OK Economic Dev Trust 5.000% 03/01/32 |
250,000 |
275,307 |
||
|
Oklahoma City OK Economic Dev Trust 5.000% 03/01/34 |
500,000 |
548,345 |
||
|
Oklahoma City OK Economic Dev Trust 5.000% 03/01/33 |
250,000 |
274,740 |
||
|
Oklahoma City OK Pub Ppty Auth Hotel Tax Rev 4.500% 10/01/31 |
155,000 |
158,294 |
||
|
Oklahoma City OK Pub Ppty Auth Hotel Tax Rev 5.000% 10/01/27 |
350,000 |
421,705 |
||
|
Oklahoma City OK Pub Ppty Auth Hotel Tax Rev 5.000% 10/01/28 |
400,000 |
478,376 |
||
|
Oklahoma City OK Pub Ppty Auth Hotel Tax Rev 5.000% 10/01/29 |
625,000 |
740,294 |
||
|
Oklahoma City OK Pub Ppty Auth Hotel Tax Rev 5.000% 10/01/36 |
230,000 |
263,858 |
||
|
Oklahoma City OK Pub Ppty Auth Hotel Tax Rev 5.000% 10/01/39 |
835,000 |
952,276 |
||
|
OK State Water Resources Board Rev 5.000% 10/01/29 |
250,000 |
299,740 |
||
|
OK State Water Resources Loan Program Rev 5.000% 10/01/33 |
500,000 |
594,595 |
||
|
Okmulgee Cnty OK Govtl Bldg Auth Sales Tax Rev 4.250% 12/01/35 |
500,000 |
532,615 |
||
|
Pawnee Cnty OK Pub Programs Auth Sales Tax Rev 4.875% 02/01/30 |
145,000 |
162,548 |
||
|
*Rogers Cnty OK Indl Dev Auth Cap Impt Rev 4.900% 04/01/35 |
500,000 |
546,840 |
||
|
Sand Springs OK Muni Auth Capital IMPT Rev 4.250% 01/01/35 |
250,000 |
268,388 |
||
|
Sand Springs OK Muni Auth Capital IMPT Rev 4.000% 01/01/36 |
500,000 |
521,495 |
||
|
Tahlequah OK Pub Facs Auth Sales Tax Rev 4.000% 04/01/23 |
550,000 |
615,175 |
||
|
Tulsa Cnty OK Indl Auth Cap Impts Rev 3.000% 09/01/27 |
245,000 |
251,176 |
||
|
Tulsa Cnty OK Pub Facs Auth Capital Impt Rev Ref 3.000% 11/01/22 |
500,000 |
536,325 |
||
|
Tulsa Airport Impt Rev 5.000% 06/01/23 |
420,000 |
476,662 |
||
|
Tulsa Airport Impt Rev 5.000% 06/01/24 |
230,000 |
259,196 |
||
|
Tulsa Airport Impt Rev 5.250% 06/01/25 |
245,000 |
277,267 |
||
|
Tulsa Airport Impt Rev 5.250% 06/01/26 |
360,000 |
406,033 |
||
|
Tulsa OK Pkg Auth Pkg Rev 4.000% 07/01/25 |
500,000 |
|
543,780 |
|
|
|
11,002,900 |
|||
|
Transportation (7.6%) |
||||
|
Oklahoma City OK Airport Tr Jr Lien Ref Series B 5.000% 07/01/19 |
250,000 |
257,475 |
||
|
Oklahoma City OK Airport Tr Jr Lien Ref Series B 5.000% 07/01/21 |
250,000 |
257,105 |
||
|
OK St Cap Impt Auth 4.000% 10/01/24 |
800,000 |
893,416 |
||
|
OK St Cap Impt Auth 4.000% 10/01/25 |
1,000,000 |
1,110,090 |
||
|
OK St Turnpike Auth Rev 5.000% 01/01/28 |
250,000 |
283,060 |
||
|
OK St Turnpike Auth Rev 4.000% 01/01/31 |
500,000 |
535,185 |
||
|
OK St Turnpike Auth Rev 5.000% 01/01/30 |
250,000 |
|
280,540 |
|
|
|
3,616,871 |
|||
|
Utilities (37.1%) |
||||
|
Clinton OK Public Works Auth Utility 4.000% 12/01/34 |
750,000 |
802,162 |
||
|
Clinton OK Public Works Auth Utility 4.000% 12/01/39 |
500,000 |
525,340 |
||
|
Coweta Pub Works Util Rev 5.000% 08/01/34 |
100,000 |
109,434 |
||
|
#Coweta OK Public Wks Auth Util Sys Rev 4.000% 08/01/32 |
1,000,000 |
1,059,400 |
||
|
Edmond OK Pub Wks Auth Sales Tax & Util Sys Rev 4.000% 07/01/41 |
355,000 |
375,512 |
||
|
Glenpool Util Rev 5.100% 12/01/35 |
250,000 |
281,258 |
||
|
Grand River Dam Auth Rev 5.000% 06/01/27 |
1,000,000 |
1,064,560 |
||
|
Grand River Dam Auth Rev 4.800% 06/01/33 |
200,000 |
209,562 |
||
|
*Grand River Dam Auth Rev 5.250% 06/01/40 |
2,000,000 |
2,233,520 |
||
|
Miami OK Special Util Rev 4.000% 12/01/36 |
500,000 |
527,490 |
||
|
*Midwest City Municipal Auth Cap Impt Rev 5.000 % 03/01/25 |
2,000,000 |
2,307,400 |
||
|
Oklahoma City OK Wtr Util Tr Wtr & Swr Sys Rev 4.000% 07/01/34 |
250,000 |
259,653 |
||
|
Oklahoma City OK Wtr Util Tr Wtr & Swr Sys Rev 5.000% 07/01/31 |
250,000 |
287,015 |
||
|
Oklahoma City OK Wtr Util Tr Wtr & Swr Sys Rev 5.000% 07/01/29 |
1,000,000 |
1,202,230 |
||
|
Oklahoma City OK Wtr Util Tr Wtr & Swr Sys Rev 5.000% 07/01/34 |
100,000 |
119,081 |
||
|
Oklahoma City OK Wtr Util Tr Wtr & Swr Sys Rev 4.000% 07/01/39 |
175,000 |
188,354 |
||
|
*OK Mun Pwr Auth Rev 5.750% 01/01/24 |
1,900,000 |
2,154,581 |
||
|
OK Municipal Power Auth Ref-Ser A 5.000% 01/01/38 |
575,000 |
662,446 |
||
|
OK Wtr Resources Brd 5.000% 04/01/28 |
500,000 |
549,250 |
||
|
OK Wtr Resources Brd 5.000% 04/01/32 |
140,000 |
162,163 |
||
|
Oklahoma St Wtr Resource Brd Rev 4.000% 04/01/25 |
150,000 |
168,486 |
||
|
Sallisaw OK Mun Auth Rev 4.450% 01/01/28 |
100,000 |
106,879 |
||
|
Sapulpa OK Mun Auth Util Sys Rev 5.000% 04/01/28 |
750,000 |
867,428 |
||
|
Seminole OK Utilities Auth Sales Tax Rev 3.000% 09/01/24 |
100,000 |
105,446 |
||
|
Seminole OK Utilities Auth Sales Tax Rev 3.150% 09/01/25 |
380,000 |
401,367 |
||
|
Seminole OK Utilities Auth Sales Tax Rev 3.300% 09/01/26 |
315,000 |
332,111 |
||
|
Tulsa OK Metropolitan Util Auth Ref- Ser C 5.000% 10/01/25 |
500,000 |
|
633,670 |
|
|
|
17,695,798 |
|||
|
TOTAL MUNICIPAL BONDS (COST: $43,741,757) |
$ |
45,900,296 |
||
|
OTHER ASSETS LESS LIABILITIES (3.7%) |
|
1,786,354 |
||
|
NET ASSETS (100.0%) |
$ |
47,686,650 |
||
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
|
#When-issued purchase as of October 31, 2016. |
||||
|
MAINE MUNICIPAL FUND |
||||
|
Schedule of Investments October 31, 2016 (unaudited) |
||||
|
Principal |
Fair |
|||
|
|
Amount |
|
Value |
|
|
MUNICIPAL BONDS (97.5%) |
||||
|
Education (16.7%) |
||||
|
ME Edl Ln Auth Student Ln Rev 5.875% 12/01/39 |
$ |
130,000 |
$ |
140,835 |
|
ME Edl Ln Auth Student Ln Rev 4.450% 12/01/25 |
100,000 |
108,497 |
||
|
*ME Health & Higher Ed Facs Auth Rev Ser A-Bowdoin College 5.125% 07/01/39 |
715,000 |
774,788 |
||
|
ME Health & Higher Ed Facs Auth Rev Ref Ser A Colby Clg 5.000% 07/01/39 |
500,000 |
583,155 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/34 |
250,000 |
292,145 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/37 |
185,000 |
191,473 |
||
|
ME Health & Higher Ed Facs Auth Rev 4.750% 07/01/31 |
250,000 |
274,083 |
||
|
ME Health & Higher Ed Facs Auth Rev Colby Clg 4.000% 07/01/24 |
270,000 |
304,490 |
||
|
Regl Sch Unit No 1 ME Lower Kennebec Region Sch Unit 5.000% 02/01/26 |
100,000 |
114,233 |
||
|
Univ of ME Sys Rev 4.625% 03/01/29 |
100,000 |
101,303 |
||
|
Univ of ME Sys Rev 4.750% 03/01/37 |
545,000 |
552,330 |
||
|
Univ of ME Sys Rev 4.750% 03/01/37 |
5,000 |
5,044 |
||
|
|
3,442,376 |
|||
|
General Obligation (28.7%) |
||||
|
Auburn, ME GO 4.500% 09/01/22 |
100,000 |
116,379 |
||
|
Bangor ME 4.000% 09/01/24 |
155,000 |
163,162 |
||
|
Falmouth ME GO 4.250% 11/15/31 |
200,000 |
218,326 |
||
|
Gorham, ME Unlimited GO 4.000% 10/01/23 |
100,000 |
111,936 |
||
|
Gray ME Unlimited GO 4.000% 10/15/26 |
280,000 |
300,622 |
||
|
Gray ME Unlimited GO 4.000% 10/15/27 |
280,000 |
299,947 |
||
|
Lewiston ME GO Ref Public Impt Ser A 3.000% 02/15/32 |
150,000 |
151,866 |
||
|
Lewiston ME GO 3.000% 02/15/31 |
185,000 |
191,764 |
||
|
State of Maine General Obligation 4.000% 06/01/20 |
150,000 |
167,970 |
||
|
Maine ST GO BDS 2016 B 5.000% 06/01/26 |
250,000 |
319,760 |
||
|
ME St Hsg Auth Energy Recovery Fd 5.000% 06/15/24 |
250,000 |
278,135 |
||
|
Portland ME 4.250% 05/01/29 |
150,000 |
159,931 |
||
|
Portland ME 4.125% 10/01/29 |
100,000 |
106,424 |
||
|
Portland ME UNLTD GO 5.000% 08/01/21 |
125,000 |
149,515 |
||
|
Portland ME 5.000% 08/01/22 |
125,000 |
148,055 |
||
|
Presque Isle ME 3.000% 12/01/37 |
140,000 |
138,215 |
||
|
Presque Isle ME 3.125% 12/01/39 |
165,000 |
162,966 |
||
|
Regional School Unit #21 ME 2.500% 11/01/36 |
250,000 |
231,658 |
||
|
Saco ME GO 4.000% 04/01/28 |
100,000 |
107,271 |
||
|
Scarborough, ME GO 4.000% 11/01/28 |
100,000 |
111,000 |
||
|
ME Sch Adminstrative Dist # 51 4.250% 10/15/29 |
250,000 |
266,985 |
||
|
ME Sch Adminstrative Dist # 51 4.000% 10/15/29 |
100,000 |
114,358 |
||
|
South Berwick ME 2.000% 10/01/25 |
400,000 |
409,928 |
||
|
South Portland, ME GO 2.500% 09/01/36 |
250,000 |
231,588 |
||
|
Waterville ME GO 4.000% 07/01/25 |
135,000 |
150,131 |
||
|
Waterville ME GO 3.000% 04/01/25 |
250,000 |
270,487 |
||
|
Wells-Ogunquit Community School Dist. 4.000% 11/01/24 |
100,000 |
118,694 |
||
|
York ME GO 2.250% 10/01/32 |
755,000 |
705,261 |
||
|
|
5,902,334 |
|||
|
Health Care (19.1%) |
||||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/20 |
50,000 |
57,013 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/20 |
130,000 |
147,181 |
||
|
ME Health & Higher Ed Facs Auth Rev 4.500% 07/01/31 |
10,000 |
11,220 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.250% 07/01/23 |
10,000 |
11,492 |
||
|
ME Health & Higher Ed Facs Auth Rev 4.500% 07/01/31 |
190,000 |
200,991 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.250% 07/01/23 |
190,000 |
215,369 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/22 |
15,000 |
15,448 |
||
|
*ME Health & Higher Ed Facs Auth Rev Central Maine Medical Center 5.000% 07/01/39 |
610,000 |
655,408 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/26 |
115,000 |
125,807 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/20 |
250,000 |
282,178 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/40 |
250,000 |
271,150 |
||
|
ME Health & Higher Ed Facs Auth Rev MaineHealth 5.000% 07/01/30 |
500,000 |
571,935 |
||
|
ME Health & Higher Ed Facs Auth Rev MaineHealth 5.000% 07/01/31 |
500,000 |
568,130 |
||
|
*ME Health & Higher Ed Facs Auth Rev MaineHealth 5.000% 07/01/29 |
|
1,000,000 |
|
1,146,580 |
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/23 |
15,000 |
18,389 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/23 |
235,000 |
284,935 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/22 |
5,000 |
5,139 |
||
|
ME Health & Higher Ed Facs Auth Rev 5.000% 07/01/22 |
230,000 |
235,290 |
||
|
ME Health & Higher Ed Facs Auth Rev E Main Healthcare - Ser A 4.000% 07/01/46 |
250,000 |
249,700 |
||
|
|
5,073,355 |
|||
|
Housing (12.1%) |
||||
|
ME St Hsg Auth Mtg Pur 4.000% 11/15/24 |
45,000 |
47,717 |
||
|
ME St Hsg Auth Mtg Pur 4.000% 11/15/35 |
435,000 |
455,336 |
||
|
ME St Hsg Auth Mtg Pur 4.000% 11/15/30 |
250,000 |
262,845 |
||
|
ME St Hsg Auth Mtg Pur 3.300% 11/15/35 |
330,000 |
328,974 |
||
|
ME St Hsg Auth 3.000% 11/15/36 |
250,000 |
243,910 |
||
|
|
1,338,782 |
|||
|
Other Revenue (6.2%) |
||||
|
ME Governmental Facs Auth Ser A 4.000% 10/01/24 |
200,000 |
219,076 |
||
|
Maine Municipal Bond Bank 4.000% 11/01/38 |
125,000 |
132,310 |
||
|
Maine Municipal Bond Bank 5.000% 11/01/25 |
125,000 |
148,511 |
||
|
Maine Municipal Bond Bank 5.000% 11/01/27 |
100,000 |
122,821 |
||
|
Maine Municipal Bond Bank 3.000% 11/01/33 |
100,000 |
97,263 |
||
|
ME Mun Bd Bk (Swr & Wtr) Rev Unrefunded 4.900% 11/01/24 |
5,000 |
5,004 |
||
|
*PR Pub Fin Corp Comwlth Appropriations 5.375% 06/01/18 |
515,000 |
548,264 |
||
|
|
1,273,249 |
|||
|
Transportation (9.7%) |
||||
|
*ME Mun Bd Bk Transn Infrastructure Rev 5.000% 09/01/24 |
1,000,000 |
1,110,750 |
||
|
Maine St Tpk Auth Spl Oblig 4.000% 07/01/32 |
250,000 |
265,120 |
||
|
Portland ME Airport Rev 5.250% 01/01/35 |
250,000 |
268,452 |
||
|
Portland ME Airport Rev 5.000% 07/01/22 |
100,000 |
115,451 |
||
|
Portland ME Airport Rev 5.000% 07/01/23 |
100,000 |
117,494 |
||
|
Portland ME Airport Rev 5.000% 07/01/24 |
100,000 |
115,479 |
||
|
|
1,992,746 |
|||
|
Utilities (5.0%) |
||||
|
*Kennebunk ME Pwr & Light Dist 5.000% 08/01/22 |
500,000 |
513,665 |
||
|
Portland ME Wtr Dist Rev 4.250% 11/01/27 |
500,000 |
517,350 |
||
|
|
1,031,015 |
|||
|
|
|
|||
|
TOTAL MUNICIPAL BONDS (COST: $19,326,676) |
$ |
20,053,857 |
||
|
OTHER ASSETS LESS LIABILITIES (2.5%) |
|
505,556 |
||
|
NET ASSETS (100.0%) |
$ |
20,559,413 |
||
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
|
NEW HAMPSHIRE MUNICIPAL FUND |
||||
|
Schedule of Investments October 31, 2016 (unaudited) |
||||
|
Principal |
Fair |
|||
|
|
Amount |
|
Value |
|
|
MUNICIPAL BONDS (97.9%) |
||||
|
Education (17.4%) |
||||
|
NH Health & Ed Facs Auth Rev Ref-Univ New Hampshire 5.000% 07/01/28 |
$ |
175,000 |
$ |
214,804 |
|
NH Health & Ed Facs Auth Rev Ref Univ Sys of NH 3.000% 07/01/37 |
170,000 |
163,137 |
||
|
NH Health & Ed Facs Auth Rev Ref-Univ Sys of NH 3.000% 07/01/38 |
115,000 |
109,513 |
||
|
NH Health & Ed Facs Auth Rev (Pinkerton Academy) 4.625% 06/01/30 |
175,000 |
184,035 |
||
|
NH Health & Ed Facs Auth Rev (Pinkerton Academy) 4.875% 06/01/35 |
70,000 |
74,344 |
||
|
*NH Health & Ed Facs Auth Rev Southern NH Univ 5.000% 01/01/17 |
200,000 |
201,000 |
||
|
NH Health & Ed Facs Auth Rev Southern NH Univ 5.000% 01/01/20 |
100,000 |
111,715 |
||
|
NH Health & Ed Facs Auth Rev Dartmouth College 5.250% 06/01/39 |
100,000 |
110,923 |
||
|
|
1,169,471 |
|||
|
General Obligation (55.3%) |
||||
|
Concord NH Ref GO 4.000% 08/15/26 |
100,000 |
119,790 |
||
|
Dover NH GO Ref 5.000% 06/15/25 |
75,000 |
94,787 |
||
|
Dover NH GO 5.000% 06/15/39 |
100,000 |
98,851 |
||
|
Dover NH GO 4.000% 06/15/28 |
100,000 |
109,753 |
||
|
Hillsborough NH GO 4.000% 11/01/20 |
100,000 |
100,142 |
||
|
Hillsborough NH GO 4.000% 11/01/21 |
100,000 |
100,147 |
||
|
Hooksett NH Sch Dist GO 5.000% 07/15/22 |
100,000 |
120,600 |
||
|
Keene, NH GO 3.250% 09/15/36 |
100,000 |
103,801 |
||
|
#Keene, NH GO 4.000% 07/01/27 |
100,000 |
116,783 |
||
|
Merrimack Cnty NH GO 4.250% 12/01/19 |
100,000 |
103,988 |
||
|
Merrimack Cnty NH GO 4.500% 12/01/27 |
100,000 |
104,236 |
||
|
Merrimack Cnty , NH GO 2.625% 9/01/35 |
100,000 |
92,942 |
||
|
Nashua NH GO 3.000% 10/1/35 |
175,000 |
177,371 |
||
|
*NH Mun Bd Bk 2009 Series D 4.000% 07/15/25 |
175,000 |
188,486 |
||
|
NH St GO Cap Impt - Ser B 5.000% 12/01/28 |
75,000 |
92,797 |
||
|
NH St Cap Impt GO 4.750% 03/01/27 |
100,000 |
105,534 |
||
|
Portsmouth NH GO Ref- Capital Loan - Ser B 3.000% 06/15/33 |
255,000 |
258,249 |
||
|
Portsmouth NH GO Ref- Capital Loan - Ser B 3.000% 06/15/34 |
335,000 |
338,598 |
||
|
Portsmouth NH GO 3.000% 06/15/36 |
525,000 |
522,769 |
||
|
Portsmouth NH GO Cap Impt 4.000% 12/01/30 |
100,000 |
108,180 |
||
|
*Rochester NH GO Ser A 3.000% 03/01/32 |
130,000 |
135,922 |
||
|
Rochester NH GO Ser C 3.000% 10/15/35 |
100,000 |
101,985 |
||
|
Salem NH School District GO 5.000% 11/15/24 |
100,000 |
125,073 |
||
|
*Salem NH School District GO 4.000% 12/01/27 |
250,000 |
285,767 |
||
|
|
3,706,551 |
|||
|
Health Care (12.9%) |
||||
|
NH Health & Ed Facs Auth Rev Wentworth Douglas Hosp 5.500% 01/01/26 |
100,000 |
113,635 |
||
|
NH Health & Ed Facs Auth Rev Southern NH Med Ctr 5.250% 10/01/23 |
100,000 |
103,543 |
||
|
NH Health & Ed Facs Auth Rev Healthcare Sys-Covenant Hlth-B 5.000% 07/01/24 |
100,000 |
105,742 |
||
|
NH Health & Ed Facs Auth Rev Cheshire Med Ctr 4.000% 07/01/39 |
100,000 |
102,944 |
||
|
*NH Health & Ed Facs Auth Rev Covenant Health 5.000% 07/01/31 |
150,000 |
156,613 |
||
|
NH Health & Ed Facs Auth Rev Catholic Med Center 5.000% 07/01/24 |
100,000 |
113,597 |
||
|
*NH Health & Ed Facs Auth Rev Concord Hosp-Ser A 5.000% 10/01/26 |
100,000 |
115,141 |
||
|
NH St Health & Ed Fac Covenant Hlth Sys 5.000% 07/01/42 |
50,000 |
54,152 |
||
|
|
865,367 |
|||
|
Housing (5.8%) |
||||
|
NH St Hsg Fin Auth Single Family Mtg Rev 5.350% 07/01/40 |
65,000 |
66,322 |
||
|
NH St Hsg Fin Auth Single Family Mtg Rev 4.625% 07/01/25 |
135,000 |
140,504 |
||
|
NH St Hsg Fin Auth Single Family Mtg Rev 4.875% 07/01/28 |
70,000 |
75,557 |
||
|
NH St Hsg Fin Auth Multi Family Hsg 5.200% 07/01/31 |
100,000 |
109,113 |
||
|
|
391,496 |
|||
|
Transportation (3.1%) |
||||
|
Manchester NH Gen Airport Rev 5.000% 01/01/23 |
75,000 |
87,271 |
||
|
NH St Turnpike Sys Rev 5.000% 08/01/25 |
100,000 |
118,874 |
||
|
|
206,145 |
|||
|
Utilities (3.4%) |
||||
|
NH St Bus Fin Auth Wtr Fac Rev AMT Pennuchuck Wtr Wks 5.000% 01/01/29 |
100,000 |
115,429 |
||
|
NH St Bus Fin Auth Wtr Fac Rev AMT Pennuchuck Wtr Wks 5.000% 01/01/30 |
100,000 |
115,063 |
||
|
|
230,492 |
|||
|
TOTAL MUNICIPAL BONDS (COST: $6,471,105) |
$ |
6,569,522 |
||
|
OTHER ASSETS LESS LIABILITIES (2.1%) |
|
140,791 |
||
|
NET ASSETS (100.0%) |
$ |
6,710,313 |
||
|
*Indicates bonds are segregated by the custodian to cover when-issued or delayed delivery purchases. |
||||
|
#When-issued purchase as of October 31, 2016. |
||||
|
NOTE: INVESTMENT IN SECURITIES (unaudited) |
|||||
|
As of October 31, 2016, the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows: |
|||||
|
Kansas Municipal Fund |
Nebraska Municipal Fund |
Oklahoma Municipal Fund |
Maine Municipal Fund |
New Hampshire Municipal Fund |
|
|
Investments at cost |
$56,424,463 |
$44,984,586 |
$43,741,757 |
$19,326,676 |
$6,471,105 |
|
Unrealized appreciation |
$3,318,256 |
$2,088,586 |
$2,288,874 |
$841,576 |
$174,237 |
|
Unrealized depreciation |
($187,948) |
($155,288) |
($130,335) |
($114,395) |
($75,820) |
|
Net unrealized appreciation (depreciation)* |
$3,130,308 |
$1,933,298 |
$2,158,539 |
$727,181 |
$98,417 |
|
*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 31, 2016: |
||||
|
Kansas Municipal Fund |
||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
|
Municipal Bonds |
$0 |
$59,554,771 |
$0 |
$59,554,771 |
|
Total |
$0 |
$59,554,771 |
$0 |
$59,554,771 |
|
Nebraska Municipal Fund |
||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
|
Municipal Bonds |
$0 |
$46,917,884 |
$0 |
$46,917,884 |
|
Total |
$0 |
$46,917,884 |
$0 |
$46,917,884 |
|
Oklahoma Municipal Fund |
||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
|
Municipal Bonds |
$0 |
$45,900,296 |
$0 |
$45,900,296 |
|
Total |
$0 |
$45,900,296 |
$0 |
$45,900,296 |
|
Maine Municipal Fund |
||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
|
Municipal Bonds |
$0 |
$20,053,857 |
$0 |
$20,053,857 |
|
Total |
$0 |
$20,053,857 |
$0 |
$20,053,857 |
|
. |
||||
|
New Hampshire Municipal Fund |
||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
|
Municipal Bonds |
$0 |
$6,569,522 |
$0 |
$6,569,522 |
|
Total |
$0 |
$6,569,522 |
$0 |
$6,569,522 |
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
January 6, 2017
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
January 6, 2017
By: /s/ Adam Forthun
Adam Forthun
Treasurer
January 6, 2017
|
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: January 6, 2017 |
|
/s/ Shannon D. Radke |
|
President |
|
|
|
|
|
|
[Signature] |
|
[Title] |
|
CERTIFICATIONS | |||||||
|
| |||||||
|
I, Adam Forthun, certify that: | |||||||
|
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1. |
I have reviewed this report on Form N-Q of Integrity Managed Portfolios; | |||||
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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; | |||||
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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; | |||||
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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: | |||||
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(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; | ||||
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(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; | ||||
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(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 | ||||
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(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 | ||||
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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): | |||||
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(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 | ||||
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(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. | ||||
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Date: January 6, 2017 |
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/s/ Adam Forthun |
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Treasurer |
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[Signature] |
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[Title] |