# EDGAR Filing Document

**Accession Number:** 0001082744
**File Stem:** 0001082744-26-000078
**Filing Date:** 2026-6
**Character Count:** 34699
**Document Hash:** 77654e3c8903ef50f57741f5e2532011
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001082744-26-000078.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001082744-26-000078

**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:** 261124908

**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

### Nebraska Municipal Fund (Series ID: S000058944)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000193246 | Class A      | NEMUX           |
| C000193247 | Class I      | NEITX           |

## Nport-Ex

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

Nebraska Municipal Fund

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal** | &nbsp;&nbsp; **Fair** |
|  | &nbsp;&nbsp; **Amount** | &nbsp;&nbsp; **Value** |
| &nbsp;&nbsp; **MUNICIPAL BONDS (87.1%)^** |  |  |
| &nbsp;&nbsp; **Education (7.2%)** |  |  |
| &nbsp;&nbsp; NEBRASKA STATE COLLEGES 5.000% 07/01/2048 CALLABLE @ 100.000 07/01/2033 | &nbsp;&nbsp; 1000000  | $&nbsp;&nbsp; 1029970  |
| &nbsp;&nbsp; SOUTHEAST COMMUNITY COLLEGE AREA 5.000% 12/15/2048 CALLABLE @ 100.000 12/15/2031 | &nbsp;&nbsp; 1000000  | &nbsp;&nbsp; 1026620  |
|  |  | &nbsp;&nbsp; 2056590  |
| &nbsp;&nbsp; **General Obligation (51.7%)** |  |  |
| &nbsp;&nbsp; CITY OF AURORA NE 5.000% 12/15/2028 CALLABLE @ 100.000 06/15/2026 | &nbsp;&nbsp; 800000  | &nbsp;&nbsp; 801192  |
| &nbsp;&nbsp; CITY OF BELLEVUE NE 4.000% 09/15/2049 CALLABLE @ 100.000 09/15/2029 | &nbsp;&nbsp; 1000000  | &nbsp;&nbsp; 879640  |
| &nbsp;&nbsp; COUNTY OF BUTLER NE 5.000% 12/01/2043 CALLABLE @ 100.000 12/01/2028 | &nbsp;&nbsp; 600000  | &nbsp;&nbsp; 613008  |
| &nbsp;&nbsp; BROKEN BOW PUBLIC SCHOOLS 4.000% 12/15/2044 CALLABLE @ 100.000 03/18/2029 | &nbsp;&nbsp; 500000  | &nbsp;&nbsp; 477955  |
| &nbsp;&nbsp; CITY OF DAVID CITY NE 4.350% 06/15/2026 | &nbsp;&nbsp; 500000  | &nbsp;&nbsp; 499980  |
| &nbsp;&nbsp; FREMONT SCHOOL DISTRICT 5.000% 12/15/2043 CALLABLE @ 100.000 12/15/2033 | &nbsp;&nbsp; 675000  | &nbsp;&nbsp; 724862  |
| &nbsp;&nbsp; FREMONT SCHOOL DISTRICT 5.250% 12/15/2044 CALLABLE @ 100.000 12/15/2033 | &nbsp;&nbsp; 210000  | &nbsp;&nbsp; 228570  |
| &nbsp;&nbsp; FREMONT SCHOOL DISTRICT 5.250% 12/15/2045 CALLABLE @ 100.000 12/15/2033 | &nbsp;&nbsp; 300000  | &nbsp;&nbsp; 323373  |
| &nbsp;&nbsp; FREMONT SCHOOL DISTRICT 5.250% 12/15/2046 CALLABLE @ 100.000 12/15/2033 | &nbsp;&nbsp; 395000  | &nbsp;&nbsp; 421935  |
| &nbsp;&nbsp; FREMONT SCHOOL DISTRICT 5.000% 12/15/2048 CALLABLE @ 100.000 12/15/2033 | &nbsp;&nbsp; 740000  | &nbsp;&nbsp; 767062  |
| &nbsp;&nbsp; DOUGLAS COUNTY SANITARY & IMPROVEMENT DISTRICT NO 404 5.000% 11/15/2046 CALLABLE @ 100.000 05/15/2031 | &nbsp;&nbsp; 375000  | &nbsp;&nbsp; 371644  |
| &nbsp;&nbsp; WESTSIDE COMMUNITY SCHOOLS 4.375% 12/01/2043 CALLABLE @ 100.000 12/01/2031 | &nbsp;&nbsp; 350000  | &nbsp;&nbsp; 359569  |
| &nbsp;&nbsp; FILLMORE COUNTY SCHOOL DISTRICT NO 25 5.000% 06/15/2038 CALLABLE @ 100.000 06/15/2030 | &nbsp;&nbsp; 555000  | &nbsp;&nbsp; 589271  |
| &nbsp;&nbsp; COUNTY OF HALL NE 4.000% 12/15/2044 CALLABLE @ 100.000 06/15/2029 | &nbsp;&nbsp; 800000  | &nbsp;&nbsp; 763744  |
| &nbsp;&nbsp; CITY OF HARTINGTON NE 4.500% 12/15/2040 CALLABLE @ 100.000 06/15/2029 | &nbsp;&nbsp; 200000  | &nbsp;&nbsp; 199434  |
| &nbsp;&nbsp; CITY OF HENDERSON NE 4.600% 12/15/2034 CALLABLE @ 100.000 12/15/2026 | &nbsp;&nbsp; 210000  | &nbsp;&nbsp; 210193  |
| &nbsp;&nbsp; CITY OF HENDERSON NE 4.850% 12/15/2036 CALLABLE @ 100.000 12/15/2026 | &nbsp;&nbsp; 460000  | &nbsp;&nbsp; 460465  |
| &nbsp;&nbsp; CITY OF HENDERSON NE 5.100% 12/15/2038 CALLABLE @ 100.000 12/15/2026 | &nbsp;&nbsp; 500000  | &nbsp;&nbsp; 500665  |
| &nbsp;&nbsp; NANCE COUNTY SCHOOL DISTRICT NO 30 4.000% 12/15/2044 CALLABLE @ 100.000 06/15/2029 | &nbsp;&nbsp; 500000  | &nbsp;&nbsp; 477340  |
| &nbsp;&nbsp; NANCE COUNTY SCHOOL DISTRICT NO 30 4.125% 12/15/2049 CALLABLE @ 100.000 06/15/2029 | &nbsp;&nbsp; 500000  | &nbsp;&nbsp; 455060  |
| &nbsp;&nbsp; CITY OF NEBRASKA CITY NE 4.150% 07/15/2033 CALLABLE @ 100.000 07/15/2028 | &nbsp;&nbsp; 100000  | &nbsp;&nbsp; 100379  |
| &nbsp;&nbsp; CITY OF NEBRASKA CITY NE 5.000% 07/15/2038 CALLABLE @ 100.000 07/15/2028 | &nbsp;&nbsp; 540000  | &nbsp;&nbsp; 549893  |
| &nbsp;&nbsp; CITY OF NEBRASKA CITY NE 4.000% 01/15/2036 CALLABLE @ 100.000 02/22/2029 | &nbsp;&nbsp; 265000  | &nbsp;&nbsp; 261611  |
| &nbsp;&nbsp; CITY OF NEBRASKA CITY NE 4.350% 01/15/2039 CALLABLE @ 100.000 02/22/2029 | &nbsp;&nbsp; 205000  | &nbsp;&nbsp; 205837  |
| &nbsp;&nbsp; OTOE COUNTY SCHOOL DISTRICT NO 501/NE 4.500% 12/15/2043 CALLABLE @ 100.000 11/01/2028 | &nbsp;&nbsp; 1000000  | &nbsp;&nbsp; 1018260  |
| &nbsp;&nbsp; OTOE COUNTY SCHOOL DISTRICT NO 501/NE 4.750% 12/15/2047 CALLABLE @ 100.000 11/01/2028 | &nbsp;&nbsp; 1000000  | &nbsp;&nbsp; 1008790  |
| &nbsp;&nbsp; PAPILLION LA VISTA SCHOOL DISTRICT NO 27 5.000% 12/01/2042 CALLABLE @ 100.000 12/01/2035 | &nbsp;&nbsp; 500000  | &nbsp;&nbsp; 553980  |
| &nbsp;&nbsp; CITY OF WAHOO NE 4.750% 12/15/2033 CALLABLE @ 100.000 08/15/2026 | &nbsp;&nbsp; 320000  | &nbsp;&nbsp; 321414  |
| &nbsp;&nbsp; YORK COUNTY SCHOOL DISTRICT NO 96 4.000% 12/15/2044 CALLABLE @ 100.000 08/07/2029 | &nbsp;&nbsp; 625000  | &nbsp;&nbsp; 602081  |
|  |  | &nbsp;&nbsp; 14747207  |
| &nbsp;&nbsp; **Housing (11.3%)** |  |  |
| &nbsp;&nbsp; NEBRASKA INVESTMENT FINANCE AUTHORITY 4.500% 09/01/2044 CALLABLE @ 100.000 09/01/2033 | &nbsp;&nbsp; 1000000  | &nbsp;&nbsp; 997020  |
| &nbsp;&nbsp; NEBRASKA INVESTMENT FINANCE AUTHORITY 4.700% 09/01/2049 CALLABLE @ 100.000 09/01/2033 | &nbsp;&nbsp; 2000000  | &nbsp;&nbsp; 1990420  |
| &nbsp;&nbsp; NEBRASKA INVESTMENT FINANCE AUTHORITY 4.550% 09/01/2044 CALLABLE @ 100.000 09/01/2033 | &nbsp;&nbsp; 250000  | &nbsp;&nbsp; 252103  |
|  |  | &nbsp;&nbsp; 3239543  |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **Other Revenue (4.0%)** |  |  |
| &nbsp;&nbsp; CITY OF NORTH PLATTE NE 5.000% 12/15/2035 CALLABLE @ 100.000 06/15/2030 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 211688  |
| &nbsp;&nbsp; CITY OF OMAHA NE RIVERFRONT REDEVELOPMENT SPECIAL TAX REVENUE 4.000% 04/15/2049 CALLABLE @ 100.000 04/15/2034 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 923640  |
|  |  | &nbsp;&nbsp; 1135328  |
| &nbsp;&nbsp; **Utilities (12.9%)** |  |  |
| &nbsp;&nbsp; CUSTER PUBLIC POWER DISTRICT 4.125% 06/01/2039 CALLABLE @ 100.000 06/01/2029 | &nbsp;&nbsp; 1000000  | &nbsp;&nbsp; 1007340  |
| &nbsp;&nbsp; CITY OF DAVID CITY NE ELECTRIC UTILITY REVENUE 4.400% 12/15/2029 CALLABLE @ 100.000 09/15/2026 | &nbsp;&nbsp; 135000  | &nbsp;&nbsp; 135610  |
| &nbsp;&nbsp; CITY OF DAVID CITY NE ELECTRIC UTILITY REVENUE 4.550% 12/15/2034 CALLABLE @ 100.000 09/15/2026 | &nbsp;&nbsp; 530000  | &nbsp;&nbsp; 532602  |
| &nbsp;&nbsp; NEBRASKA PUBLIC POWER DISTRICT 5.000% 01/01/2036 CALLABLE @ 100.000 01/01/2027 | &nbsp;&nbsp; 2000000  | &nbsp;&nbsp; 2001680  |
|  |  | &nbsp;&nbsp; 3677232  |
| &nbsp;&nbsp; **TOTAL MUNICIPAL BONDS (COST: $24,841,523)** |  | $&nbsp;&nbsp; **24855900**  |
| &nbsp;&nbsp; **OTHER ASSETS LESS LIABILITIES (12.9%)** |  | $&nbsp;&nbsp; **3687223**  |
| &nbsp;&nbsp; **NET ASSETS (100.0%)** |  | $&nbsp;&nbsp; **28543123**  |
| &nbsp;&nbsp; ^All portfolio securities are issued securities from the state of Nebraska. | &nbsp;&nbsp; ^All portfolio securities are issued securities from the state of Nebraska. | &nbsp;&nbsp; ^All portfolio securities are issued securities from the state of Nebraska. |
| &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; Nebraska Municipal Fund |
| &nbsp;&nbsp; Investments at cost | $&nbsp;&nbsp; 24841523 |
| &nbsp;&nbsp; Unrealized appreciation | $&nbsp;&nbsp; 311585 |
| &nbsp;&nbsp; Unrealized depreciation | &nbsp;&nbsp; (297208) |
| &nbsp;&nbsp; Net unrealized appreciation/(depreciation)\* | $&nbsp;&nbsp; 14377 |
| &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; **Nebraska Municipal Fund** | &nbsp;&nbsp; **Nebraska Municipal Fund** | &nbsp;&nbsp; **Nebraska Municipal Fund** | &nbsp;&nbsp; **Nebraska Municipal Fund** | &nbsp;&nbsp; **Nebraska 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; 24855900 | $&nbsp;&nbsp; - | $&nbsp;&nbsp; 24855900 |
| &nbsp;&nbsp; **Total** | $&nbsp;&nbsp; - | $&nbsp;&nbsp; 24855900 | $&nbsp;&nbsp; - | $&nbsp;&nbsp; 24855900 |

---

## 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:** Nebraska Municipal Fund

- **b. EDGAR series identifier (if any):** S000058944

- **c. LEI of Series:** 54930037C87FDOGDP535

**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:** $28654847.90

**Total Liabilities:** $111724.55

**Net Assets:** $28543123.35

**Cash Not Reported:** $3419374.07

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -5 | **1-Year:** -110.33 | **5-Year:** -119.57 | **10-Year:** -7250.29 | **30-Year:** -20103.36

**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 C000193246 | -1.55%               | -3.94%               | -1.47%               |
| Class ID C000193247 | 1.04%                | -1.44%               | 1.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $23167.09                | $175803.74                                 |
| Month 2  | $0.00                    | $-465061.97                                |
| Month 3  | $0.00                    | $238463.84                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| City of Aurora NE     5.000%  12/15/2028                                             | City of Aurora NE     5.000%  12/15/2028                                             | CUSIP: 051879JE5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    800000 | PA      | $801192.00    | 2.81%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bellevue NE     4.000%  09/15/2049                                           | City of Bellevue NE     4.000%  09/15/2049                                           | CUSIP: 079213AR5<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $879640.00    | 3.08%             | 2049-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Butler NE     5.000%  12/01/2043                                           | County of Butler NE     5.000%  12/01/2043                                           | CUSIP: 123529HP7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    600000 | PA      | $613008.00    | 2.15%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broken Bow Public Schools     4.000%  12/15/2044                                     | Broken Bow Public Schools     4.000%  12/15/2044                                     | CUSIP: 231795AW5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $477955.00    | 1.67%             | 2044-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Custer Public Power District     4.125%  06/01/2039                                  | Custer Public Power District     4.125%  06/01/2039                                  | CUSIP: 231868TB6<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007340.00   | 3.53%             | 2039-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of David City NE     4.350%  06/15/2026                                         | City of David City NE     4.350%  06/15/2026                                         | CUSIP: 238554EP0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $499980.00    | 1.75%             | 2026-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| City of David City NE Electric Utility Revenue     4.400%  12/15/2029                | City of David City NE Electric Utility Revenue     4.400%  12/15/2029                | CUSIP: 238556CF9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    135000 | PA      | $135610.20    | 0.48%             | 2029-12-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| City of David City NE Electric Utility Revenue     4.550%  12/15/2034                | City of David City NE Electric Utility Revenue     4.550%  12/15/2034                | CUSIP: 238556CG7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    530000 | PA      | $532602.30    | 1.87%             | 2034-12-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Fremont School District     5.000%  12/15/2043                                       | Fremont School District     5.000%  12/15/2043                                       | CUSIP: 256435LR7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    675000 | PA      | $724862.25    | 2.54%             | 2043-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremont School District     5.250%  12/15/2044                                       | Fremont School District     5.250%  12/15/2044                                       | CUSIP: 256435LS5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    210000 | PA      | $228570.30    | 0.80%             | 2044-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fremont School District     5.250%  12/15/2045                                       | Fremont School District     5.250%  12/15/2045                                       | CUSIP: 256435LT3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    300000 | PA      | $323373.00    | 1.13%             | 2045-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fremont School District     5.250%  12/15/2046                                       | Fremont School District     5.250%  12/15/2046                                       | CUSIP: 256435LU0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    395000 | PA      | $421935.05    | 1.48%             | 2046-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fremont School District     5.000%  12/15/2048                                       | Fremont School District     5.000%  12/15/2048                                       | CUSIP: 256435LW6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    740000 | PA      | $767061.80    | 2.69%             | 2048-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Sanitary & Improvement District No 404     5.000%  11/15/2046         | Douglas County Sanitary & Improvement District No 404     5.000%  11/15/2046         | CUSIP: 25932KDC6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    375000 | PA      | $371643.75    | 1.30%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westside Community Schools     4.375%  12/01/2043                                    | Westside Community Schools     4.375%  12/01/2043                                    | CUSIP: 259363WZ8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    350000 | PA      | $359569.00    | 1.26%             | 2043-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fillmore County School District No 25     5.000%  06/15/2038                         | Fillmore County School District No 25     5.000%  06/15/2038                         | CUSIP: 317162BN4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    555000 | PA      | $589271.25    | 2.06%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hall NE     4.000%  12/15/2044                                             | County of Hall NE     4.000%  12/15/2044                                             | CUSIP: 406027DL3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    800000 | PA      | $763744.00    | 2.68%             | 2044-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hartington NE     4.500%  12/15/2040                                         | City of Hartington NE     4.500%  12/15/2040                                         | CUSIP: 416812HM0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $199434.00    | 0.70%             | 2040-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Henderson NE     4.600%  12/15/2034                                          | City of Henderson NE     4.600%  12/15/2034                                          | CUSIP: 425191FL2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    210000 | PA      | $210193.20    | 0.74%             | 2034-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| City of Henderson NE     4.850%  12/15/2036                                          | City of Henderson NE     4.850%  12/15/2036                                          | CUSIP: 425191FM0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    460000 | PA      | $460464.60    | 1.61%             | 2036-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| City of Henderson NE     5.100%  12/15/2038                                          | City of Henderson NE     5.100%  12/15/2038                                          | CUSIP: 425191FN8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $500665.00    | 1.75%             | 2038-12-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Nebraska State Colleges     5.000%  07/01/2048                                       | Nebraska State Colleges     5.000%  07/01/2048                                       | CUSIP: 583456KF4<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029970.00   | 3.61%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nance County School District No 30     4.000%  12/15/2044                            | Nance County School District No 30     4.000%  12/15/2044                            | CUSIP: 63000RBS6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $477340.00    | 1.67%             | 2044-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nance County School District No 30     4.125%  12/15/2049                            | Nance County School District No 30     4.125%  12/15/2049                            | CUSIP: 63000RBT4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $455060.00    | 1.59%             | 2049-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Nebraska City NE     4.150%  07/15/2033                                      | City of Nebraska City NE     4.150%  07/15/2033                                      | CUSIP: 639591MY9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    100000 | PA      | $100379.00    | 0.35%             | 2033-07-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| City of Nebraska City NE     5.000%  07/15/2038                                      | City of Nebraska City NE     5.000%  07/15/2038                                      | CUSIP: 639591MZ6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    540000 | PA      | $549892.80    | 1.93%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Nebraska City NE     4.000%  01/15/2036                                      | City of Nebraska City NE     4.000%  01/15/2036                                      | CUSIP: 639591NE2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    265000 | PA      | $261610.65    | 0.92%             | 2036-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Nebraska City NE     4.350%  01/15/2039                                      | City of Nebraska City NE     4.350%  01/15/2039                                      | CUSIP: 639591NF9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    205000 | PA      | $205836.40    | 0.72%             | 2039-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District     5.000%  01/01/2036                                | Nebraska Public Power District     5.000%  01/01/2036                                | CUSIP: 63968AK46<br>LEI: N/A | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001680.00   | 7.01%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority     4.500%  09/01/2044                         | Nebraska Investment Finance Authority     4.500%  09/01/2044                         | CUSIP: 63968M7E3<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997020.00    | 3.49%             | 2044-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority     4.700%  09/01/2049                         | Nebraska Investment Finance Authority     4.700%  09/01/2049                         | CUSIP: 63968M7G8<br>LEI: N/A | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990420.00   | 6.97%             | 2049-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority     4.550%  09/01/2044                         | Nebraska Investment Finance Authority     4.550%  09/01/2044                         | CUSIP: 63968M7S2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $252102.50    | 0.88%             | 2044-09-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| City of North Platte NE     5.000%  12/15/2035                                       | City of North Platte NE     5.000%  12/15/2035                                       | CUSIP: 661615WL4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $211688.00    | 0.74%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Omaha NE Riverfront Redevelopment Special Tax Revenue     4.000%  04/15/2049 | City of Omaha NE Riverfront Redevelopment Special Tax Revenue     4.000%  04/15/2049 | CUSIP: 68189PLM4<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923640.00    | 3.24%             | 2049-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Otoe County School District No 501/NE     4.500%  12/15/2043                         | Otoe County School District No 501/NE     4.500%  12/15/2043                         | CUSIP: 68905WGG1<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018260.00   | 3.57%             | 2043-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Otoe County School District No 501/NE     4.750%  12/15/2047                         | Otoe County School District No 501/NE     4.750%  12/15/2047                         | CUSIP: 68905WGH9<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008790.00   | 3.53%             | 2047-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Papillion-La Vista School District No 27     5.000%  12/01/2042                      | Papillion-La Vista School District No 27     5.000%  12/01/2042                      | CUSIP: 698873N69<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $553980.00    | 1.94%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Community College Area     5.000%  12/15/2048                              | Southeast Community College Area     5.000%  12/15/2048                              | CUSIP: 84134TBK4<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026620.00   | 3.60%             | 2048-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wahoo NE     4.750%  12/15/2033                                              | City of Wahoo NE     4.750%  12/15/2033                                              | CUSIP: 930574JB5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    320000 | PA      | $321414.40    | 1.13%             | 2033-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| York County School District No 96     4.000%  12/15/2044                             | York County School District No 96     4.000%  12/15/2044                             | CUSIP: 98636PCG3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    625000 | PA      | $602081.25    | 2.11%             | 2044-12-15      | Fixed         | 4.00%                 | 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