# EDGAR Filing Document

**Accession Number:** 0001082744
**File Stem:** 0000899635-23-000066
**Filing Date:** 2023-3
**Character Count:** 35222
**Document Hash:** 875a71e36b2863bed82ce764fc8fb9fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000899635-23-000066.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0000899635-23-000066

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Viking Mutual Funds
- **CENTRAL INDEX KEY:** 0001082744
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09277
- **FILM NUMBER:** 23783850

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 500
- **CITY:** MINOT
- **STATE:** ND
- **ZIP:** 58702-0500
- **BUSINESS PHONE:** 701-852-5292

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 500
- **CITY:** MINOT
- **STATE:** ND
- **ZIP:** 58702-0500

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VIKING MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19990325

## Series and Classes Contracts Data

### Viking Tax-Free Fund for North Dakota (Series ID: S000026083)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000078180 | Viking Tax-Free Fund for North Dakota, Class A | VNDFX           |
| C000171900 | Viking Tax-Free Fund for North Dakota, Class I | VNDIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Viking Mutual Funds

- **b. Investment Company Act file number:** 811-09277

- **c. CIK number of Registrant:** 0001082744

- **d. LEI of Registrant:** 549300PSJICOHN07DD76

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1 Main Street North

  - **City:** Minot

  - **State:** ND

  - **Foreign country:** US

  - **Zip / Postal Code:** 58703

  - **Telephone number:** 701-857-5292

**Item A.2. Information about the Series.**

- **a. Name of Series:** Viking Tax-Free Fund for North Dakota

- **b. EDGAR series identifier (if any):** S000026083

- **c. LEI of Series:** 5493008A1FRCUURB2493

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $27212340.09

**Total Liabilities:** $82250.07

**Net Assets:** $27130090.02

**Cash Not Reported:** $1639548.57

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000078180 | 5.90%                | -2.21%               | 0.16%                |
| Class ID C000171900 | 5.96%                | 0.19%                | 2.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-320868.07              | $1421489.41                                |
| Month 2  | $0.00                    | $4366.66                                   |
| Month 3  | $0.00                    | $687832.24                                 |

### Schedule of Portfolio Investments

| Name                                                                                | Title                                                                               | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| County of Barnes ND     4.000%  05/01/2032                                          | County of Barnes ND     4.000%  05/01/2032                                          | CUSIP: 067789AM9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $260842.50    | 0.96%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Barnes ND     4.000%  05/01/2040                                          | County of Barnes ND     4.000%  05/01/2040                                          | CUSIP: 067789AS6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $484350.00    | 1.79%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bismarck ND     5.000%  05/01/2024                                          | City of Bismarck ND     5.000%  05/01/2024                                          | CUSIP: 091582W44<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029980.00   | 3.80%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Burleigh ND     3.500%  11/01/2028                                        | County of Burleigh ND     3.500%  11/01/2028                                        | CUSIP: 120906FM9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    215000 | PA      | $208466.15    | 0.77%             | 2028-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| County of Burleigh ND     4.000%  11/01/2032                                        | County of Burleigh ND     4.000%  11/01/2032                                        | CUSIP: 120906FR8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $235435.00    | 0.87%             | 2032-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Cass ND     5.000%  02/15/2033                                            | County of Cass ND     5.000%  02/15/2033                                            | CUSIP: 148047AY9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    445000 | PA      | $491239.95    | 1.81%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cass ND     4.125%  02/15/2037                                            | County of Cass ND     4.125%  02/15/2037                                            | CUSIP: 148047BA0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    595000 | PA      | $605025.75    | 2.23%             | 2037-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| County of Cass ND     4.250%  02/15/2043                                            | County of Cass ND     4.250%  02/15/2043                                            | CUSIP: 148047BC6<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1299752.40   | 4.79%             | 2043-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Dickinson Public School District No 1     4.000%  08/01/2034                        | Dickinson Public School District No 1     4.000%  08/01/2034                        | CUSIP: 253291HW1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $412828.00    | 1.52%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fargo Park District     4.000%  05/01/2024                                          | Fargo Park District     4.000%  05/01/2024                                          | CUSIP: 307489YP3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    415000 | PA      | $423453.55    | 1.56%             | 2024-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND     4.000%  12/01/2039                                       | City of Grand Forks ND     4.000%  12/01/2039                                       | CUSIP: 3854437A8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    470000 | PA      | $475752.80    | 1.75%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND     5.000%  12/01/2024                                       | City of Grand Forks ND     5.000%  12/01/2024                                       | CUSIP: 385444CR3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    415000 | PA      | $435015.45    | 1.60%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND     5.000%  12/01/2025                                       | City of Grand Forks ND     5.000%  12/01/2025                                       | CUSIP: 385444CS1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    215000 | PA      | $231688.30    | 0.85%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND     3.000%  12/01/2039                                       | City of Grand Forks ND     3.000%  12/01/2039                                       | CUSIP: 38546WDL1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $215317.50    | 0.79%             | 2039-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND     5.000%  12/15/2028                                       | City of Grand Forks ND     5.000%  12/15/2028                                       | CUSIP: 385492HJ5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $270362.50    | 1.00%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND Sanitation Revenue     2.600%  09/01/2038                    | City of Grand Forks ND Sanitation Revenue     2.600%  09/01/2038                    | CUSIP: 385493FN6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    290000 | PA      | $248628.60    | 0.92%             | 2038-09-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND Sanitation Revenue     2.625%  09/01/2040                    | City of Grand Forks ND Sanitation Revenue     2.625%  09/01/2040                    | CUSIP: 385493FQ9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    485000 | PA      | $409175.10    | 1.51%             | 2040-09-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND     5.125%  12/01/2025                                       | City of Grand Forks ND     5.125%  12/01/2025                                       | CUSIP: 38549PAJ1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $253357.50    | 0.93%             | 2025-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND     4.500%  05/01/2032                                       | City of Grand Forks ND     4.500%  05/01/2032                                       | CUSIP: 385517AD9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    240000 | PA      | $248493.60    | 0.92%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Horace ND     4.250%  05/01/2035                                            | City of Horace ND     4.250%  05/01/2035                                            | CUSIP: 440365FG4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    340000 | PA      | $341251.20    | 1.26%             | 2035-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Horace ND     3.000%  05/01/2037                                            | City of Horace ND     3.000%  05/01/2037                                            | CUSIP: 440365GB4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    150000 | PA      | $133893.00    | 0.49%             | 2037-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Horace ND     3.000%  05/01/2034                                            | City of Horace ND     3.000%  05/01/2034                                            | CUSIP: 440365GT5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $461675.00    | 1.70%             | 2034-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Jamestown Park District/ND     4.000%  07/01/2032                                   | Jamestown Park District/ND     4.000%  07/01/2032                                   | CUSIP: 470572AQ1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $509310.00    | 1.88%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jamestown Park District/ND     4.000%  07/01/2033                                   | Jamestown Park District/ND     4.000%  07/01/2033                                   | CUSIP: 470572AR9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    345000 | PA      | $350326.80    | 1.29%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jamestown Park District/ND     3.000%  07/01/2035                                   | Jamestown Park District/ND     3.000%  07/01/2035                                   | CUSIP: 470572AS7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $482715.00    | 1.78%             | 2035-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Langdon ND     6.200%  01/01/2025                                           | City of Langdon ND     6.200%  01/01/2025                                           | CUSIP: 515679AL2<br>LEI: N/A | Long             | DBT              | MUN               | US        |     70000 | PA      | $70158.20     | 0.26%             | 2025-01-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Mandan Public School District No 1     3.125%  08/01/2024                           | Mandan Public School District No 1     3.125%  08/01/2024                           | CUSIP: 562578LF9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $201918.00    | 0.74%             | 2024-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Mandan Public School District No 1     3.000%  08/01/2033                           | Mandan Public School District No 1     3.000%  08/01/2033                           | CUSIP: 562578PN8<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994170.00    | 3.66%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Mandan ND     4.000%  09/01/2034                                            | City of Mandan ND     4.000%  09/01/2034                                            | CUSIP: 56257PAM8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $509280.00    | 1.88%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Mandan ND     3.250%  09/01/2041                                            | City of Mandan ND     3.250%  09/01/2041                                            | CUSIP: 56257PAP1<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1105350.00   | 4.07%             | 2041-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Mclean-Sheridan Water District     2.000%  09/01/2038                               | Mclean-Sheridan Water District     2.000%  09/01/2038                               | CUSIP: 582092BM3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    205000 | PA      | $161414.95    | 0.59%             | 2038-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Minot Park District     3.000%  12/01/2028                                          | Minot Park District     3.000%  12/01/2028                                          | CUSIP: 60437PAU5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $250905.00    | 0.92%             | 2028-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Minot Park District     3.750%  12/01/2038                                          | Minot Park District     3.750%  12/01/2038                                          | CUSIP: 60437PBK6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    435000 | PA      | $437035.80    | 1.61%             | 2038-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Minot Public School District No 1     5.000%  08/01/2026                            | Minot Public School District No 1     5.000%  08/01/2026                            | CUSIP: 604382GN5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $547800.00    | 2.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minot ND     2.000%  10/01/2042                                             | City of Minot ND     2.000%  10/01/2042                                             | CUSIP: 604386BG6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    595000 | PA      | $433778.80    | 1.60%             | 2042-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Minot ND     3.000%  10/01/2038                                             | City of Minot ND     3.000%  10/01/2038                                             | CUSIP: 604386CH3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $437035.00    | 1.61%             | 2038-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Public Finance Authority     5.000%  06/01/2031                        | North Dakota Public Finance Authority     5.000%  06/01/2031                        | CUSIP: 65887PCB9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    240000 | PA      | $240895.20    | 0.89%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Public Finance Authority     4.000%  06/01/2030                        | North Dakota Public Finance Authority     4.000%  06/01/2030                        | CUSIP: 65887PMY8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $402376.00    | 1.48%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Public Finance Authority     4.000%  06/01/2028                        | North Dakota Public Finance Authority     4.000%  06/01/2028                        | CUSIP: 65887PNR2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    265000 | PA      | $271415.65    | 1.00%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Public Finance Authority     5.000%  06/01/2028                        | North Dakota Public Finance Authority     5.000%  06/01/2028                        | CUSIP: 65887PSP1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    130000 | PA      | $138884.20    | 0.51%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Board of Higher Education of the State of North Dakota     4.000%  04/01/2025 | State Board of Higher Education of the State of North Dakota     4.000%  04/01/2025 | CUSIP: 65888UGT4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    415000 | PA      | $424806.45    | 1.57%             | 2025-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Board of Higher Education of the State of North Dakota     4.000%  04/01/2028 | State Board of Higher Education of the State of North Dakota     4.000%  04/01/2028 | CUSIP: 65888UHS5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    365000 | PA      | $370631.95    | 1.37%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Board of Higher Education of the State of North Dakota     4.000%  04/01/2033 | State Board of Higher Education of the State of North Dakota     4.000%  04/01/2033 | CUSIP: 65888UKT9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $511415.00    | 1.89%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Board of Higher Education of the State of North Dakota     3.250%  04/01/2037 | State Board of Higher Education of the State of North Dakota     3.250%  04/01/2037 | CUSIP: 65888ULP6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $239802.50    | 0.88%             | 2037-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| State Board of Higher Education of the State of North Dakota     3.125%  07/01/2037 | State Board of Higher Education of the State of North Dakota     3.125%  07/01/2037 | CUSIP: 65888UQK2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $163744.00    | 0.60%             | 2037-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| State Board of Higher Education of the State of North Dakota     3.200%  07/01/2039 | State Board of Higher Education of the State of North Dakota     3.200%  07/01/2039 | CUSIP: 65888UQM8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $159098.00    | 0.59%             | 2039-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| State Board of Higher Education of the State of North Dakota     5.000%  10/01/2030 | State Board of Higher Education of the State of North Dakota     5.000%  10/01/2030 | CUSIP: 65888URQ8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    150000 | PA      | $174192.00    | 0.64%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Board of Higher Education of the State of North Dakota     5.000%  10/01/2036 | State Board of Higher Education of the State of North Dakota     5.000%  10/01/2036 | CUSIP: 65888URR6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    310000 | PA      | $342835.20    | 1.26%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Board of Higher Education of the State of North Dakota     2.000%  08/01/2033 | State Board of Higher Education of the State of North Dakota     2.000%  08/01/2033 | CUSIP: 658907EE6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $175116.00    | 0.65%             | 2033-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| State Board of Higher Education of the State of North Dakota     2.000%  08/01/2034 | State Board of Higher Education of the State of North Dakota     2.000%  08/01/2034 | CUSIP: 658907EF3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    415000 | PA      | $349044.05    | 1.29%             | 2034-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency     1.750%  01/01/2031                          | North Dakota Housing Finance Agency     1.750%  01/01/2031                          | CUSIP: 658909B47<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $449070.00    | 1.66%             | 2031-01-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency     2.150%  07/01/2024                          | North Dakota Housing Finance Agency     2.150%  07/01/2024                          | CUSIP: 658909J31<br>LEI: N/A | Long             | DBT              | MUN               | US        |    530000 | PA      | $528081.40    | 1.95%             | 2024-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency     2.500%  01/01/2026                          | North Dakota Housing Finance Agency     2.500%  01/01/2026                          | CUSIP: 658909J64<br>LEI: N/A | Long             | DBT              | MUN               | US        |    340000 | PA      | $333614.80    | 1.23%             | 2026-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency     3.550%  07/01/2040                          | North Dakota Housing Finance Agency     3.550%  07/01/2040                          | CUSIP: 658909NH5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    280000 | PA      | $274556.80    | 1.01%             | 2040-07-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency     3.550%  07/01/2033                          | North Dakota Housing Finance Agency     3.550%  07/01/2033                          | CUSIP: 658909QT6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    110000 | PA      | $111201.20    | 0.41%             | 2033-07-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency     3.750%  07/01/2038                          | North Dakota Housing Finance Agency     3.750%  07/01/2038                          | CUSIP: 658909QU3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $249702.50    | 0.92%             | 2038-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency     2.950%  07/01/2039                          | North Dakota Housing Finance Agency     2.950%  07/01/2039                          | CUSIP: 658909XC5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    185000 | PA      | $151727.75    | 0.56%             | 2039-07-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency     3.050%  07/01/2043                          | North Dakota Housing Finance Agency     3.050%  07/01/2043                          | CUSIP: 658909XD3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    165000 | PA      | $134620.20    | 0.50%             | 2043-07-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency     3.000%  07/01/2040                          | North Dakota Housing Finance Agency     3.000%  07/01/2040                          | CUSIP: 658909YJ9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    300000 | PA      | $263232.00    | 0.97%             | 2040-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Thompson Public School District No 61     1.550%  08/01/2038                        | Thompson Public School District No 61     1.550%  08/01/2038                        | CUSIP: 884858DS7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    275000 | PA      | $211546.50    | 0.78%             | 2038-08-01      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| University of North Dakota     4.000%  06/01/2040                                   | University of North Dakota     4.000%  06/01/2040                                   | CUSIP: 914724CN7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    625000 | PA      | $629318.75    | 2.32%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of West Fargo ND     2.250%  05/01/2040                                        | City of West Fargo ND     2.250%  05/01/2040                                        | CUSIP: 952718M84<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $407725.00    | 1.50%             | 2040-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| West Fargo Park District     3.000%  05/01/2029                                     | West Fargo Park District     3.000%  05/01/2029                                     | CUSIP: 952724GZ9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    275000 | PA      | $286671.00    | 1.06%             | 2029-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of West Fargo ND     4.000%  12/01/2023                                        | City of West Fargo ND     4.000%  12/01/2023                                        | CUSIP: 952729AB7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    230000 | PA      | $232934.80    | 0.86%             | 2023-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of West Fargo ND     4.000%  12/01/2033                                        | City of West Fargo ND     4.000%  12/01/2033                                        | CUSIP: 952729AK7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    240000 | PA      | $256756.80    | 0.95%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Fargo Public School District No 6     3.000%  08/01/2036                       | West Fargo Public School District No 6     3.000%  08/01/2036                       | CUSIP: 952734RZ6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $470170.00    | 1.73%             | 2036-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of West Fargo ND Water & Sewer Revenue     2.625%  11/01/2034                  | City of West Fargo ND Water & Sewer Revenue     2.625%  11/01/2034                  | CUSIP: 952753EP2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $236410.00    | 0.87%             | 2034-11-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| City of Williston ND     4.000%  05/01/2035                                         | City of Williston ND     4.000%  05/01/2035                                         | CUSIP: 9707013N6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $200458.00    | 0.74%             | 2035-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Williston ND     4.000%  05/01/2038                                         | City of Williston ND     4.000%  05/01/2038                                         | CUSIP: 9707013P1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    230000 | PA      | $230917.70    | 0.85%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-31

**Name of Applicant:** Viking Mutual Funds

**Signature:** Shelly Nahrstedt

**Name of Signer:** Shelly Nahrstedt

**Title:** Treasurer