# EDGAR Filing Document

**Accession Number:** 0001082744
**File Stem:** 0001082744-26-000075
**Filing Date:** 2026-6
**Character Count:** 44524
**Document Hash:** 9e885228ad18ea973171c70602bf26b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001082744-26-000075.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001082744-26-000075

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Viking Mutual Funds
- **CENTRAL INDEX KEY:** 0001082744

**ORGANIZATION NAME:**
- **EIN:** 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:** 261124912

**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

### Kansas Municipal Fund (Series ID: S000058942)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000193242 | Class A      | KSMUX           |
| C000193243 | Class I      | KSITX           |

## Nport-Ex

**Schedule of Investments** – April 30, 2026 *(unaudited)*

Kansas Municipal Fund

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal** | &nbsp;&nbsp; **Fair** |
|  | &nbsp;&nbsp; **Amount** | &nbsp;&nbsp; **Value** |
| &nbsp;&nbsp; **MUNICIPAL BONDS (98.2%)^** |  |  |
| &nbsp;&nbsp; **Education (10.9%)** |  |  |
| &nbsp;&nbsp; KANSAS DEVELOPMENT FINANCE AUTHORITY 4.000% 04/01/2045 CALLABLE @ 100.000 04/01/2032 | &nbsp;&nbsp; 1000000 | $&nbsp;&nbsp; 951590  |
| &nbsp;&nbsp; KANSAS DEVELOPMENT FINANCE AUTHORITY 4.000% 04/01/2046 CALLABLE @ 100.000 04/01/2032 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 932210  |
| &nbsp;&nbsp; KANSAS DEVELOPMENT FINANCE AUTHORITY 4.000% 07/01/2036 CALLABLE @ 100.000 07/01/2031 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2018980  |
| &nbsp;&nbsp; WASHBURN UNIVERSITY/TOPEKA KS 5.000% 07/01/2038 CALLABLE @ 100.000 07/01/2035 | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 304859  |
| &nbsp;&nbsp; WASHBURN UNIVERSITY/TOPEKA KS 5.000% 07/01/2040 CALLABLE @ 100.000 07/01/2035 | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 356915  |
| &nbsp;&nbsp; WASHBURN UNIVERSITY/TOPEKA KS 5.000% 07/01/2042 CALLABLE @ 100.000 07/01/2035 | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 362661  |
|  |  | &nbsp;&nbsp; 4927215  |
| &nbsp;&nbsp; **General Obligation (45.8%)** |  |  |
| &nbsp;&nbsp; CITY OF BEL AIRE KS 4.000% 11/01/2036 CALLABLE @ 100.000 11/01/2031 | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 294741  |
| &nbsp;&nbsp; CITY OF BELLE PLAINE KS 4.000% 09/01/2027 CALLABLE @ 100.000 09/01/2026 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 498095  |
| &nbsp;&nbsp; BUTLER COUNTY UNIFIED SCHOOL DISTRICT NO 205 BLUESTEM 5.250% 09/01/2042 CALLABLE @ 100.000 09/01/2032 | &nbsp;&nbsp; 1520000 | &nbsp;&nbsp; 1653973  |
| &nbsp;&nbsp; BUTLER COUNTY UNIFIED SCHOOL DISTRICT NO 402 AUGUSTA 5.250% 09/01/2042 CALLABLE @ 100.000 09/01/2034 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 659964  |
| &nbsp;&nbsp; COWLEY COUNTY UNIFIED SCHOOL DISTRICT NO 465 WINFIELD 5.000% 09/01/2048 CALLABLE @ 100.000 09/01/2033 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 519555  |
| &nbsp;&nbsp; DOUGLAS COUNTY UNIFIED SCHOOL DISTRICT NO 348 BALDWIN CITY 5.000% 09/01/2044 CALLABLE @ 100.000 09/01/2031 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 415576  |
| &nbsp;&nbsp; DOUGLAS COUNTY UNIFIED SCHOOL DISTRICT NO 491 EUDORA 5.000% 09/01/2042 CALLABLE @ 100.000 09/01/2032 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1058470  |
| &nbsp;&nbsp; CITY OF EMPORIA KS 4.000% 09/01/2038 CALLABLE @ 100.000 09/01/2032 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516750  |
| &nbsp;&nbsp; CITY OF GODDARD KS 4.000% 10/01/2045 CALLABLE @ 100.000 10/01/2032 | &nbsp;&nbsp; 365000 | &nbsp;&nbsp; 339976  |
| &nbsp;&nbsp; GREELEY COUNTY UNIFIED SCHOOL DISTRICT NO 200 5.250% 09/01/2043 CALLABLE @ 100.000 09/01/2035 | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 554936  |
| &nbsp;&nbsp; HARVEY COUNTY UNIFIED SCHOOL DISTRICT 440 HALSTEAD BENTLEY 5.000% 09/01/2049 CALLABLE @ 100.000 09/01/2031 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1030760  |
| &nbsp;&nbsp; JEFFERSON COUNTY UNIFIED SCHOOL DISTRICT NO 343 PERRY 5.500% 09/01/2038 CALLABLE @ 100.000 09/01/2030 | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 284186  |
| &nbsp;&nbsp; JEFFERSON COUNTY UNIFIED SCHOOL DISTRICT NO 343 PERRY 5.500% 09/01/2043 CALLABLE @ 100.000 09/01/2030 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1055300  |
| &nbsp;&nbsp; JEFFERSON COUNTY UNIFIED SCHOOL DISTRICT NO 343 PERRY 5.500% 09/01/2048 CALLABLE @ 100.000 09/01/2030 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1042530  |
| &nbsp;&nbsp; JOHNSON & MIAMI COUNTIES UNIFIED SCHOOL DISTRICT NO 230 SPRING HILLS 6.000% 09/01/2044 CALLABLE @ 100.000 09/01/2035 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 869220  |
| &nbsp;&nbsp; JOHNSON & MIAMI COUNTIES UNIFIED SCHOOL DISTRICT NO 230 SPRING HILLS 6.000% 09/01/2045 CALLABLE @ 100.000 09/01/2035 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 802046  |
| &nbsp;&nbsp; JOHNSON COUNTY UNIFIED SCHOOL DISTRICT NO 231 GARDNER EDGERTON 5.000% 10/01/2042 CALLABLE @ 100.000 10/01/2034 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1087540  |
| &nbsp;&nbsp; CITY OF MANHATTAN KS 4.000% 11/01/2044 CALLABLE @ 100.000 11/01/2034 | &nbsp;&nbsp; 880000 | &nbsp;&nbsp; 851963  |
| &nbsp;&nbsp; MIAMI COUNTY UNIFIED SCHOOL DISTRICT NO 367 OSAWATOMIE 5.250% 09/01/2042 CALLABLE @ 100.000 09/01/2034 | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 463361  |
| &nbsp;&nbsp; MIAMI COUNTY UNIFIED SCHOOL DISTRICT NO 367 OSAWATOMIE 5.250% 09/01/2043 CALLABLE @ 100.000 09/01/2034 | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 514482  |
| &nbsp;&nbsp; PRATT COUNTY UNIFIED SCHOOL DISTRICT NO 382 PRATT 5.000% 09/01/2038 CALLABLE @ 100.000 09/01/2033 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 551295  |
| &nbsp;&nbsp; PRATT COUNTY UNIFIED SCHOOL DISTRICT NO 382 PRATT 5.000% 09/01/2042 CALLABLE @ 100.000 09/01/2033 | &nbsp;&nbsp; 1035000 | &nbsp;&nbsp; 1118845  |
| &nbsp;&nbsp; RAWLINS COUNTY UNIFIED SCHOOL DISTRICT NO 105 4.000% 09/01/2045 CALLABLE @ 100.000 09/01/2031 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 964180  |
| &nbsp;&nbsp; SEDGWICK COUNTY UNIFIED SCHOOL DISTRICT NO 262 VALLEY CENTER 4.500% 09/01/2044 CALLABLE @ 100.000 09/01/2031 | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 665853  |
| &nbsp;&nbsp; SHAWNEE COUNTY UNIFIED SCHOOL DISTRICT NO 372 SILVER LAKE 5.500% 09/01/2043 CALLABLE @ 100.000 09/01/2030 | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 689124  |
| &nbsp;&nbsp; SHAWNEE COUNTY UNIFIED SCHOOL DISTRICT NO 372 SILVER LAKE 5.500% 09/01/2048 CALLABLE @ 100.000 09/01/2030 | &nbsp;&nbsp; 780000 | &nbsp;&nbsp; 806949  |
| &nbsp;&nbsp; CITY OF SOUTH HUTCHINSON KS 4.000% 10/01/2038 | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 355156  |
| &nbsp;&nbsp; CITY OF WAMEGO KS 5.250% 09/01/2042 CALLABLE @ 100.000 09/01/2035 | &nbsp;&nbsp; 845000 | &nbsp;&nbsp; 943527  |
| &nbsp;&nbsp; CITY OF WICHITA KS 4.750% 09/01/2027 | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 179269  |
|  |  | &nbsp;&nbsp; 20787622  |
| &nbsp;&nbsp; **Health Care (3.3%)** |  |  |
| &nbsp;&nbsp; ASHLAND PUBLIC BUILDING COMMISSION 5.000% 09/01/2030 | &nbsp;&nbsp; 1020000 | &nbsp;&nbsp; 1011820  |
| &nbsp;&nbsp; ASHLAND PUBLIC BUILDING COMMISSION 5.000% 09/01/2035 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 497130  |
|  |  | &nbsp;&nbsp; 1508950  |
| &nbsp;&nbsp; **Housing (10.4%)** |  |  |
| &nbsp;&nbsp; KANSAS DEVELOPMENT FINANCE AUTHORITY 4.700% 03/01/2043 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2078340  |
| &nbsp;&nbsp; KANSAS DEVELOPMENT FINANCE AUTHORITY 4.170% 11/01/2041 | &nbsp;&nbsp; 1422559 | &nbsp;&nbsp; 1461907  |
| &nbsp;&nbsp; COUNTY OF SHAWNEE KS 4.700% 07/01/2044 CALLABLE @ 100.000 07/01/2033 | &nbsp;&nbsp; 670000 | &nbsp;&nbsp; 676995  |
| &nbsp;&nbsp; COUNTY OF SHAWNEE KS 5.000% 07/01/2049 CALLABLE @ 100.000 07/01/2033 | &nbsp;&nbsp; 485000 | &nbsp;&nbsp; 491029  |
|  |  | &nbsp;&nbsp; 4708271  |
| &nbsp;&nbsp; **Other Revenue (14.6%)** |  |  |
| &nbsp;&nbsp; BLUE VALLEY RECREATION COMMISSION 5.000% 04/01/2045 CALLABLE @ 100.000 04/01/2035 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1086190  |
| &nbsp;&nbsp; BLUE VALLEY RECREATION COMMISSION 5.000% 04/01/2045 CALLABLE @ 100.000 04/01/2035 | &nbsp;&nbsp; 975000 | &nbsp;&nbsp; 1059035  |
| &nbsp;&nbsp; CITY OF GARDEN CITY KS 5.375% 06/01/2039 CALLABLE @ 100.000 06/01/2030 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1518960  |
| &nbsp;&nbsp; CITY OF MANHATTAN KS 5.000% 12/01/2032 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 994040  |
| &nbsp;&nbsp; CITY OF WICHITA KS 4.000% 09/01/2038 CALLABLE @ 100.000 09/01/2027 | &nbsp;&nbsp; 760000 | &nbsp;&nbsp; 764066  |
| &nbsp;&nbsp; WYANDOTTE COUNTY KANSAS CITY UNIFIED GOVERNMENT 5.500% 03/01/2041 CALLABLE @ 100.000 03/01/2035 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 495615  |
| &nbsp;&nbsp; WYANDOTTE COUNTY KANSAS CITY UNIFIED GOVERNMENT 5.250% 03/01/2046 CALLABLE @ 100.000 03/01/2034 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 727733  |
|  |  | &nbsp;&nbsp; 6645639  |
| &nbsp;&nbsp; **Transportation (2.4%)** |  |  |
| &nbsp;&nbsp; STATE OF KANSAS DEPARTMENT OF TRANSPORTATION 5.000% 09/01/2042 CALLABLE @ 100.000 09/01/2034 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1103260  |
|  |  | &nbsp;&nbsp; 1103260  |
| &nbsp;&nbsp; **Utilities (10.8%)** |  |  |
| &nbsp;&nbsp; CHISHOLM CREEK UTILITY AUTHORITY 4.000% 09/01/2043 CALLABLE @ 100.000 09/01/2035 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 972650  |
| &nbsp;&nbsp; KANSAS MUNICIPAL ENERGY AGENCY 5.000% 04/01/2038 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1000810  |
| &nbsp;&nbsp; KANSAS POWER POOL 4.000% 12/01/2031 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 495720  |
| &nbsp;&nbsp; KANSAS POWER POOL 4.000% 12/01/2041 CALLABLE @ 100.000 12/01/2029 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 504865  |
| &nbsp;&nbsp; CITY OF OLATHE KS STORMWATER REVENUE 4.000% 10/01/2044 CALLABLE @ 100.000 10/01/2032 | &nbsp;&nbsp; 445000 | &nbsp;&nbsp; 438779  |
| &nbsp;&nbsp; CITY OF WAMEGO KS ELECTRIC UTILITY SYSTEM REVENUE 5.250% 09/01/2041 CALLABLE @ 100.000 09/01/2035 | &nbsp;&nbsp; 1355000 | &nbsp;&nbsp; 1489470  |
|  |  | &nbsp;&nbsp; 4902294  |
| &nbsp;&nbsp; **TOTAL MUNICIPAL BONDS (COST: $43,911,481)** |  | $&nbsp;&nbsp; **44583251**  |
| &nbsp;&nbsp; **OTHER ASSETS LESS LIABILITIES (1.8%)** |  | $&nbsp;&nbsp; **803620**  |
| &nbsp;&nbsp; **NET ASSETS (100.0%)** |  | $&nbsp;&nbsp; **45386871**  |
| &nbsp;&nbsp; ^All portfolio securities are issued securities from the state of Kansas. |  |  |
| &nbsp;&nbsp; The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp; The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp; The accompanying notes are an integral part of these financial statements. |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; **NOTE: INVESTMENT IN SECURITIES *(unaudited)*** | &nbsp;&nbsp; **NOTE: INVESTMENT IN SECURITIES *(unaudited)*** |
| &nbsp;&nbsp; At April 30, 2026, the net unrealized appreciation/(depreciation) based on the cost of investments for federal income tax purposes was as follows: | &nbsp;&nbsp; At April 30, 2026, the net unrealized appreciation/(depreciation) based on the cost of investments for federal income tax purposes was as follows: |
|  | &nbsp;&nbsp; Kansas Municipal Fund |
| &nbsp;&nbsp; Investments at cost | $&nbsp;&nbsp; 43911481 |
| &nbsp;&nbsp; Unrealized appreciation | $&nbsp;&nbsp; 914886 |
| &nbsp;&nbsp; Unrealized depreciation | &nbsp;&nbsp; (243116) |
| &nbsp;&nbsp; Net unrealized appreciation/(depreciation)\* | $&nbsp;&nbsp; 671770 |
| &nbsp;&nbsp; \*Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of wash sales and market discount. | &nbsp;&nbsp; \*Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of wash sales and market discount. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **NOTE: FAIR VALUE MEASUREMENTS *(unaudited)*** | &nbsp;&nbsp; **NOTE: FAIR VALUE MEASUREMENTS *(unaudited)*** | &nbsp;&nbsp; **NOTE: FAIR VALUE MEASUREMENTS *(unaudited)*** | &nbsp;&nbsp; **NOTE: FAIR VALUE MEASUREMENTS *(unaudited)*** | &nbsp;&nbsp; **NOTE: FAIR VALUE MEASUREMENTS *(unaudited)*** |
| &nbsp;&nbsp; Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc). Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The following is a summary of the inputs used to value the Funds' investments as of April 30, 2026: | &nbsp;&nbsp; Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc). Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The following is a summary of the inputs used to value the Funds' investments as of April 30, 2026: | &nbsp;&nbsp; Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc). Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The following is a summary of the inputs used to value the Funds' investments as of April 30, 2026: | &nbsp;&nbsp; Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc). Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The following is a summary of the inputs used to value the Funds' investments as of April 30, 2026: | &nbsp;&nbsp; Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc). Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The following is a summary of the inputs used to value the Funds' investments as of April 30, 2026: |
| &nbsp;&nbsp; **Kansas Municipal Fund** | &nbsp;&nbsp; **Kansas Municipal Fund** | &nbsp;&nbsp; **Kansas Municipal Fund** | &nbsp;&nbsp; **Kansas Municipal Fund** | &nbsp;&nbsp; **Kansas Municipal Fund** |
|  | &nbsp;&nbsp; Level 1 | &nbsp;&nbsp; Level 2 | &nbsp;&nbsp; Level 3 | &nbsp;&nbsp; Total |
| &nbsp;&nbsp; Municipal Bonds | $&nbsp;&nbsp; - | $&nbsp;&nbsp; 44583251 | $&nbsp;&nbsp; - | $&nbsp;&nbsp; 44583251 |
| &nbsp;&nbsp; **Total** | $&nbsp;&nbsp; - | $&nbsp;&nbsp; 44583251 | $&nbsp;&nbsp; - | $&nbsp;&nbsp; 44583251 |

---

## 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:** Kansas Municipal Fund

- **b. EDGAR series identifier (if any):** S000058942

- **c. LEI of Series:** 5493002C0EZK4TDD5944

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $45583582.28

**Total Liabilities:** $196711.07

**Net Assets:** $45386871.21

**Cash Not Reported:** $583514.18

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** -75.33 | **5-Year:** -374.36 | **10-Year:** -28600.41 | **30-Year:** -39905.74

**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 C000193242 | -1.37%               | -4.45%               | -0.96%               |
| Class ID C000193243 | 1.31%                | -1.97%               | 1.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $31303.08                | $453514.02                                 |
| Month 2  | $-135.15                 | $-1106506.45                               |
| Month 3  | $3669.93                 | $592679.25                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ashland Public Building Commission     5.000%  09/01/2030                                   | Ashland Public Building Commission     5.000%  09/01/2030                                   | CUSIP: 044241AK3<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1011819.60   | 2.23%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ashland Public Building Commission     5.000%  09/01/2035                                   | Ashland Public Building Commission     5.000%  09/01/2035                                   | CUSIP: 044241AM9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $497130.00    | 1.10%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bel Aire KS     4.000%  11/01/2036                                                  | City of Bel Aire KS     4.000%  11/01/2036                                                  | CUSIP: 0773244G3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    285000 | PA      | $294741.30    | 0.65%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Belle Plaine KS     4.000%  09/01/2027                                              | City of Belle Plaine KS     4.000%  09/01/2027                                              | CUSIP: 078509EC6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $498095.00    | 1.10%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Blue Valley Recreation Commission     5.000%  04/01/2045                                    | Blue Valley Recreation Commission     5.000%  04/01/2045                                    | CUSIP: 096079GQ5<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086190.00   | 2.39%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blue Valley Recreation Commission     5.000%  04/01/2045                                    | Blue Valley Recreation Commission     5.000%  04/01/2045                                    | CUSIP: 096079HL5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    975000 | PA      | $1059035.25   | 2.33%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Butler County Unified School District No 205 Bluestem     5.250%  09/01/2042                | Butler County Unified School District No 205 Bluestem     5.250%  09/01/2042                | CUSIP: 123423CK9<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1653972.80   | 3.64%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Butler County Unified School District No 402 Augusta     5.250%  09/01/2042                 | Butler County Unified School District No 402 Augusta     5.250%  09/01/2042                 | CUSIP: 123439KM2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    600000 | PA      | $659964.00    | 1.45%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chisholm Creek Utility Authority     4.000%  09/01/2043                                     | Chisholm Creek Utility Authority     4.000%  09/01/2043                                     | CUSIP: 170123ED1<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972650.00    | 2.14%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cowley County Unified School District No 465 Winfield     5.000%  09/01/2048                | Cowley County Unified School District No 465 Winfield     5.000%  09/01/2048                | CUSIP: 223763HL0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $519555.00    | 1.14%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Unified School District No 348 Baldwin City     5.000%  09/01/2044           | Douglas County Unified School District No 348 Baldwin City     5.000%  09/01/2044           | CUSIP: 259133JF4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $415576.00    | 0.92%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Unified School District No 491 Eudora     5.000%  09/01/2042                 | Douglas County Unified School District No 491 Eudora     5.000%  09/01/2042                 | CUSIP: 259137LK1<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058470.00   | 2.33%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Emporia KS     4.000%  09/01/2038                                                   | City of Emporia KS     4.000%  09/01/2038                                                   | CUSIP: 292281N65<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $516750.00    | 1.14%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Garden City KS     5.375%  06/01/2039                                               | City of Garden City KS     5.375%  06/01/2039                                               | CUSIP: 36508AAC2<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518960.00   | 3.35%             | 2039-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Goddard KS     4.000%  10/01/2045                                                   | City of Goddard KS     4.000%  10/01/2045                                                   | CUSIP: 380270TR9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    365000 | PA      | $339975.60    | 0.75%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greeley County Unified School District No 200     5.250%  09/01/2043                        | Greeley County Unified School District No 200     5.250%  09/01/2043                        | CUSIP: 392555DJ4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    510000 | PA      | $554936.10    | 1.22%             | 2043-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Harvey County Unified School District 440 Halstead-Bentley     5.000%  09/01/2049           | Harvey County Unified School District 440 Halstead-Bentley     5.000%  09/01/2049           | CUSIP: 417632DZ6<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030760.00   | 2.27%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Unified School District No 343 Perry     5.500%  09/01/2038                | Jefferson County Unified School District No 343 Perry     5.500%  09/01/2038                | CUSIP: 472898EX9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    265000 | PA      | $284186.00    | 0.63%             | 2038-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jefferson County Unified School District No 343 Perry     5.500%  09/01/2043                | Jefferson County Unified School District No 343 Perry     5.500%  09/01/2043                | CUSIP: 472898EY7<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055300.00   | 2.33%             | 2043-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jefferson County Unified School District No 343 Perry     5.500%  09/01/2048                | Jefferson County Unified School District No 343 Perry     5.500%  09/01/2048                | CUSIP: 472898EZ4<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042530.00   | 2.30%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Johnson & Miami Counties Unified School District No 230 Spring Hills     6.000%  09/01/2044 | Johnson & Miami Counties Unified School District No 230 Spring Hills     6.000%  09/01/2044 | CUSIP: 478164LA2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    750000 | PA      | $869220.00    | 1.92%             | 2044-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Johnson & Miami Counties Unified School District No 230 Spring Hills     6.000%  09/01/2045 | Johnson & Miami Counties Unified School District No 230 Spring Hills     6.000%  09/01/2045 | CUSIP: 478164LB0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    700000 | PA      | $802046.00    | 1.77%             | 2045-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 231 Gardner - Edgerton     5.000%  10/01/2042     | Johnson County Unified School District No 231 Gardner - Edgerton     5.000%  10/01/2042     | CUSIP: 478710YQ3<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087540.00   | 2.40%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Municipal Energy Agency     5.000%  04/01/2038                                       | Kansas Municipal Energy Agency     5.000%  04/01/2038                                       | CUSIP: 48526CBL0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000810.00   | 2.21%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Power Pool     4.000%  12/01/2031                                                    | Kansas Power Pool     4.000%  12/01/2031                                                    | CUSIP: 485321BQ5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $495720.00    | 1.09%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas Power Pool     4.000%  12/01/2041                                                    | Kansas Power Pool     4.000%  12/01/2041                                                    | CUSIP: 485321CL5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $504865.00    | 1.11%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation     5.000%  09/01/2042                         | State of Kansas Department of Transportation     5.000%  09/01/2042                         | CUSIP: 485424TJ4<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103260.00   | 2.43%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority     4.000%  04/01/2045                                 | Kansas Development Finance Authority     4.000%  04/01/2045                                 | CUSIP: 48542RE42<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951590.00    | 2.10%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority     4.000%  04/01/2046                                 | Kansas Development Finance Authority     4.000%  04/01/2046                                 | CUSIP: 48542RE59<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932210.00    | 2.05%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority     4.000%  07/01/2036                                 | Kansas Development Finance Authority     4.000%  07/01/2036                                 | CUSIP: 48542RXR0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018980.00   | 4.45%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority     4.700%  03/01/2043                                 | Kansas Development Finance Authority     4.700%  03/01/2043                                 | CUSIP: 48542TBL3<br>LEI: N/A | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2078340.00   | 4.58%             | 2043-03-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority     4.170%  11/01/2041                                 | Kansas Development Finance Authority     4.170%  11/01/2041                                 | CUSIP: 48542XAC5<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1422559 | PA      | $1461907.11   | 3.22%             | 2041-11-01      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS     4.000%  11/01/2044                                                 | City of Manhattan KS     4.000%  11/01/2044                                                 | CUSIP: 562895WX6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    880000 | PA      | $851963.20    | 1.88%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS     5.000%  12/01/2032                                                 | City of Manhattan KS     5.000%  12/01/2032                                                 | CUSIP: 563059AK0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994040.00    | 2.19%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami County Unified School District No 367 Osawatomie     5.250%  09/01/2042               | Miami County Unified School District No 367 Osawatomie     5.250%  09/01/2042               | CUSIP: 593286JS7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    425000 | PA      | $463360.50    | 1.02%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami County Unified School District No 367 Osawatomie     5.250%  09/01/2043               | Miami County Unified School District No 367 Osawatomie     5.250%  09/01/2043               | CUSIP: 593286JT5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    475000 | PA      | $514482.00    | 1.13%             | 2043-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Olathe KS Stormwater Revenue     4.000%  10/01/2044                                 | City of Olathe KS Stormwater Revenue     4.000%  10/01/2044                                 | CUSIP: 679443CM1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    445000 | PA      | $438778.90    | 0.97%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pratt County Unified School District No 382 Pratt     5.000%  09/01/2038                    | Pratt County Unified School District No 382 Pratt     5.000%  09/01/2038                    | CUSIP: 739776GN6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $551295.00    | 1.21%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pratt County Unified School District No 382 Pratt     5.000%  09/01/2042                    | Pratt County Unified School District No 382 Pratt     5.000%  09/01/2042                    | CUSIP: 739776GS5<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1118845.35   | 2.47%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rawlins County Unified School District No 105     4.000%  09/01/2045                        | Rawlins County Unified School District No 105     4.000%  09/01/2045                        | CUSIP: 754475AV3<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964180.00    | 2.12%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sedgwick County Unified School District No 262 Valley Center     4.500%  09/01/2044         | Sedgwick County Unified School District No 262 Valley Center     4.500%  09/01/2044         | CUSIP: 815662NA5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    650000 | PA      | $665853.50    | 1.47%             | 2044-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Shawnee KS     4.700%  07/01/2044                                                 | County of Shawnee KS     4.700%  07/01/2044                                                 | CUSIP: 820624EB6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    670000 | PA      | $676994.80    | 1.49%             | 2044-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| County of Shawnee KS     5.000%  07/01/2049                                                 | County of Shawnee KS     5.000%  07/01/2049                                                 | CUSIP: 820624EC4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    485000 | PA      | $491028.55    | 1.08%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shawnee County Unified School District No 372 Silver Lake     5.500%  09/01/2043            | Shawnee County Unified School District No 372 Silver Lake     5.500%  09/01/2043            | CUSIP: 820640ES5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    650000 | PA      | $689123.50    | 1.52%             | 2043-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Shawnee County Unified School District No 372 Silver Lake     5.500%  09/01/2048            | Shawnee County Unified School District No 372 Silver Lake     5.500%  09/01/2048            | CUSIP: 820640ET3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    780000 | PA      | $806949.00    | 1.78%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of South Hutchinson KS     4.000%  10/01/2038                                          | City of South Hutchinson KS     4.000%  10/01/2038                                          | CUSIP: 838430JX5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    355000 | PA      | $355156.20    | 0.78%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wamego KS     5.250%  09/01/2042                                                    | City of Wamego KS     5.250%  09/01/2042                                                    | CUSIP: 933603PP1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    845000 | PA      | $943527.00    | 2.08%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Wamego KS Electric Utility System Revenue     5.250%  09/01/2041                    | City of Wamego KS Electric Utility System Revenue     5.250%  09/01/2041                    | CUSIP: 933613BU4<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1489470.20   | 3.28%             | 2041-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washburn University/Topeka KS     5.000%  07/01/2038                                        | Washburn University/Topeka KS     5.000%  07/01/2038                                        | CUSIP: 937220HN4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    275000 | PA      | $304859.50    | 0.67%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washburn University/Topeka KS     5.000%  07/01/2040                                        | Washburn University/Topeka KS     5.000%  07/01/2040                                        | CUSIP: 937220HQ7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    325000 | PA      | $356915.00    | 0.79%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washburn University/Topeka KS     5.000%  07/01/2042                                        | Washburn University/Topeka KS     5.000%  07/01/2042                                        | CUSIP: 937220HS3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    335000 | PA      | $362660.95    | 0.80%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wichita KS     4.750%  09/01/2027                                                   | City of Wichita KS     4.750%  09/01/2027                                                   | CUSIP: 967244BL7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    180000 | PA      | $179269.20    | 0.39%             | 2027-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Wichita KS     4.000%  09/01/2038                                                   | City of Wichita KS     4.000%  09/01/2038                                                   | CUSIP: 967323AV8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    760000 | PA      | $764066.00    | 1.68%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government     5.500%  03/01/2041                      | Wyandotte County-Kansas City Unified Government     5.500%  03/01/2041                      | CUSIP: 98267VDM2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $495615.00    | 1.09%             | 2041-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government     5.250%  03/01/2046                      | Wyandotte County-Kansas City Unified Government     5.250%  03/01/2046                      | CUSIP: 982707AB7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    750000 | PA      | $727732.50    | 1.60%             | 2046-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-26

**Name of Applicant:** Viking Mutual Funds

**Signature:** Shelly Nahrstedt

**Name of Signer:** Shelly Nahrstedt

**Title:** Treasurer