# EDGAR Filing Document

**Accession Number:** 0001082744
**File Stem:** 0000899635-23-000064
**Filing Date:** 2023-3
**Character Count:** 61150
**Document Hash:** cea73653b885d6be68bdbc9d5c2ef1d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000899635-23-000064.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0000899635-23-000064

**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:** 23783871

**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 Montana (Series ID: S000003821)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000010660 | Viking Tax-Free Fund for Montana, Class A | VMTTX           |
| C000171899 | Viking Tax-Free Fund for Montana, Class I | VMTIX           |

## 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 Montana

- **b. EDGAR series identifier (if any):** S000003821

- **c. LEI of Series:** 549300HUF3GV9H84QF46

**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:** $72112345.29

**Total Liabilities:** $2211482.96

**Net Assets:** $69900862.33

**Delayed Delivery Securities:** $1945663.70

**Cash Not Reported:** $2838436.54

**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 C000010660 | 4.83%                | -2.36%               | -0.23%               |
| Class ID C000171899 | 4.99%                | 0.22%                | 2.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-487732.03              | $3314760.30                                |
| Month 2  | $-580724.60              | $620570.08                                 |
| Month 3  | $-175306.99              | $1660111.94                                |

### 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 Belgrade MT     5.000%  07/01/2031                                                   | City of Belgrade MT     5.000%  07/01/2031                                                   | CUSIP: 077810BZ1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    280000 | PA      | $333606.00    | 0.48%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Belgrade MT     5.000%  07/01/2033                                                   | City of Belgrade MT     5.000%  07/01/2033                                                   | CUSIP: 077810CB3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $300145.00    | 0.43%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Belgrade MT     5.000%  07/01/2034                                                   | City of Belgrade MT     5.000%  07/01/2034                                                   | CUSIP: 077810CC1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    355000 | PA      | $422063.05    | 0.60%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Billings MT     5.500%  07/01/2026                                                   | City of Billings MT     5.500%  07/01/2026                                                   | CUSIP: 090127CZ2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    130000 | PA      | $132265.90    | 0.19%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Billings MT     5.000%  07/01/2031                                                   | City of Billings MT     5.000%  07/01/2031                                                   | CUSIP: 090132AQ4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    260000 | PA      | $292380.40    | 0.42%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Billings MT Solid Waste System Revenue     3.500%  07/01/2039                        | City of Billings MT Solid Waste System Revenue     3.500%  07/01/2039                        | CUSIP: 090133AV1<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1415081.40   | 2.02%             | 2039-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Billings MT Storm Sewer Revenue     4.000%  07/01/2025                               | City of Billings MT Storm Sewer Revenue     4.000%  07/01/2025                               | CUSIP: 090139AH9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    215000 | PA      | $216846.85    | 0.31%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Billings MT Storm Sewer Revenue     4.000%  07/01/2026                               | City of Billings MT Storm Sewer Revenue     4.000%  07/01/2026                               | CUSIP: 090139AJ5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    225000 | PA      | $226953.00    | 0.32%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Billings MT Storm Sewer Revenue     4.000%  07/01/2028                               | City of Billings MT Storm Sewer Revenue     4.000%  07/01/2028                               | CUSIP: 090139AZ9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $262880.00    | 0.38%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Billings MT Storm Sewer Revenue     4.000%  07/01/2029                               | City of Billings MT Storm Sewer Revenue     4.000%  07/01/2029                               | CUSIP: 090139BA3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $261537.50    | 0.37%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Billings MT     4.375%  07/01/2029                                                   | City of Billings MT     4.375%  07/01/2029                                                   | CUSIP: 090141DT6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    490000 | PA      | $492111.90    | 0.70%             | 2029-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Billings MT     5.000%  07/01/2033                                                   | City of Billings MT     5.000%  07/01/2033                                                   | CUSIP: 090141DX7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    900000 | PA      | $901800.00    | 1.29%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Billings MT     5.000%  07/01/2032                                                   | City of Billings MT     5.000%  07/01/2032                                                   | CUSIP: 090141HK1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    710000 | PA      | $760445.50    | 1.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Billings MT     4.000%  07/01/2036                                                   | City of Billings MT     4.000%  07/01/2036                                                   | CUSIP: 090141JD5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    405000 | PA      | $414161.10    | 0.59%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bozeman MT     4.000%  07/01/2028                                                    | City of Bozeman MT     4.000%  07/01/2028                                                    | CUSIP: 103637GG3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    540000 | PA      | $551734.20    | 0.79%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Butte-Silver Bow MT     4.000%  07/01/2030                                  | City & County of Butte-Silver Bow MT     4.000%  07/01/2030                                  | CUSIP: 124140FE9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    225000 | PA      | $237249.00    | 0.34%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Butte-Silver Bow MT     4.000%  07/01/2032                                  | City & County of Butte-Silver Bow MT     4.000%  07/01/2032                                  | CUSIP: 124140FG4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    240000 | PA      | $252444.00    | 0.36%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Butte-Silver Bow MT     4.500%  07/01/2034                                  | City & County of Butte-Silver Bow MT     4.500%  07/01/2034                                  | CUSIP: 124140FJ8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    850000 | PA      | $906389.00    | 1.30%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Carbon County K-12 School District No 2 Bridger     3.000%  07/01/2039                       | Carbon County K-12 School District No 2 Bridger     3.000%  07/01/2039                       | CUSIP: 140848AS1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    620000 | PA      | $567176.00    | 0.81%             | 2039-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Carbon County K-12 School District No 2 Bridger     3.000%  07/01/2040                       | Carbon County K-12 School District No 2 Bridger     3.000%  07/01/2040                       | CUSIP: 140848AT9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    535000 | PA      | $483848.65    | 0.69%             | 2040-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Carbon County K-12 School District No 2 Bridger     3.000%  07/01/2041                       | Carbon County K-12 School District No 2 Bridger     3.000%  07/01/2041                       | CUSIP: 140848AU6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $450380.00    | 0.64%             | 2041-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cascade County Elementary School District No 1 Great Falls     4.000%  07/01/2031            | Cascade County Elementary School District No 1 Great Falls     4.000%  07/01/2031            | CUSIP: 147231DN1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    700000 | PA      | $749280.00    | 1.07%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cascade County School District 5/5C-Centerville     3.000%  07/01/2033                       | Cascade County School District 5/5C-Centerville     3.000%  07/01/2033                       | CUSIP: 147265AV4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    305000 | PA      | $307516.25    | 0.44%             | 2033-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cascade County School District 5/5C-Centerville     3.000%  07/01/2035                       | Cascade County School District 5/5C-Centerville     3.000%  07/01/2035                       | CUSIP: 147265AX0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $247887.50    | 0.35%             | 2035-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Dillon MT Water & Sewer System Revenue     4.000%  07/01/2033                        | City of Dillon MT Water & Sewer System Revenue     4.000%  07/01/2033                        | CUSIP: 254198CS1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $256980.00    | 0.37%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Flathead County High School District No 5 Kalispell     5.000%  07/01/2039                   | Flathead County High School District No 5 Kalispell     5.000%  07/01/2039                   | CUSIP: 338765JB7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    455000 | PA      | $500486.35    | 0.72%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Flathead County School District No 6 Columbia Falls     4.000%  07/01/2039                   | Flathead County School District No 6 Columbia Falls     4.000%  07/01/2039                   | CUSIP: 338768DK7<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020140.00   | 1.46%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Flathead County School District No 6 Columbia Falls     3.000%  07/01/2034                   | Flathead County School District No 6 Columbia Falls     3.000%  07/01/2034                   | CUSIP: 338768ED2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    280000 | PA      | $283774.40    | 0.41%             | 2034-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Benton MT     3.000%  07/01/2035                                                | City of Fort Benton MT     3.000%  07/01/2035                                                | CUSIP: 346856BH9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    715000 | PA      | $691583.75    | 0.99%             | 2035-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Benton MT     3.000%  07/01/2040                                                | City of Fort Benton MT     3.000%  07/01/2040                                                | CUSIP: 346856BN6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    770000 | PA      | $664186.60    | 0.95%             | 2040-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County MO Etc MO High School District No J-24 Three Forks     4.000%  07/01/2035    | Gallatin County MO Etc MO High School District No J-24 Three Forks     4.000%  07/01/2035    | CUSIP: 363615BD6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    465000 | PA      | $502055.85    | 0.72%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County MO Etc MO High School District No J-24 Three Forks     4.000%  07/01/2037    | Gallatin County MO Etc MO High School District No J-24 Three Forks     4.000%  07/01/2037    | CUSIP: 363615BF1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    605000 | PA      | $639745.15    | 0.92%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County High School District No 7 Bozeman     3.000%  12/01/2034                     | Gallatin County High School District No 7 Bozeman     3.000%  12/01/2034                     | CUSIP: 363658KV6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $502915.00    | 0.72%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County High School District No 7 Bozeman     3.000%  06/01/2035                     | Gallatin County High School District No 7 Bozeman     3.000%  06/01/2035                     | CUSIP: 363658KW4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    300000 | PA      | $293301.00    | 0.42%             | 2035-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 72 Ophir     4.000%  07/01/2031                           | Gallatin County School District No 72 Ophir     4.000%  07/01/2031                           | CUSIP: 363674BK7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    775000 | PA      | $872030.00    | 1.25%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 72 Ophir     4.000%  07/01/2032                           | Gallatin County School District No 72 Ophir     4.000%  07/01/2032                           | CUSIP: 363674BL5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    695000 | PA      | $778601.55    | 1.11%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 72 Ophir     4.000%  07/01/2036                           | Gallatin County School District No 72 Ophir     4.000%  07/01/2036                           | CUSIP: 363674BQ4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    565000 | PA      | $601035.70    | 0.86%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 72 Ophir     4.000%  07/01/2037                           | Gallatin County School District No 72 Ophir     4.000%  07/01/2037                           | CUSIP: 363674BR2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    800000 | PA      | $841608.00    | 1.20%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County Rural Improvement District     5.500%  07/01/2025                            | Gallatin County Rural Improvement District     5.500%  07/01/2025                            | CUSIP: 363684ED9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $250507.50    | 0.36%             | 2025-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Gallatin County Rural Improvement District     6.000%  07/01/2030                            | Gallatin County Rural Improvement District     6.000%  07/01/2030                            | CUSIP: 363684EJ6<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004260.00   | 1.44%             | 2030-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 7 Bozeman     4.000%  12/01/2032                          | Gallatin County School District No 7 Bozeman     4.000%  12/01/2032                          | CUSIP: 363700KE4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    610000 | PA      | $639499.60    | 0.91%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 7 Bozeman     4.000%  12/01/2033                          | Gallatin County School District No 7 Bozeman     4.000%  12/01/2033                          | CUSIP: 363700KG9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    260000 | PA      | $272121.20    | 0.39%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 7 Bozeman     4.000%  06/01/2028                          | Gallatin County School District No 7 Bozeman     4.000%  06/01/2028                          | CUSIP: 363700KX2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $438852.00    | 0.63%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 7 Bozeman     4.000%  06/01/2029                          | Gallatin County School District No 7 Bozeman     4.000%  06/01/2029                          | CUSIP: 363700KY0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108340.00   | 1.59%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 7 Bozeman     4.000%  06/01/2030                          | Gallatin County School District No 7 Bozeman     4.000%  06/01/2030                          | CUSIP: 363700KZ7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    570000 | PA      | $639528.60    | 0.91%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 27 Monforton     4.250%  06/15/2026                       | Gallatin County School District No 27 Monforton     4.250%  06/15/2026                       | CUSIP: 36370DBX4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    415000 | PA      | $418685.20    | 0.60%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 44 Belgrade     3.500%  06/15/2028                        | Gallatin County School District No 44 Belgrade     3.500%  06/15/2028                        | CUSIP: 36370NBZ7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    575000 | PA      | $577731.25    | 0.83%             | 2028-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Gallatin County School District No 44 Belgrade     4.000%  06/01/2036                        | Gallatin County School District No 44 Belgrade     4.000%  06/01/2036                        | CUSIP: 36370NEC5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    345000 | PA      | $363930.15    | 0.52%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Great Falls MT     3.000%  07/01/2035                                                | City of Great Falls MT     3.000%  07/01/2035                                                | CUSIP: 390466GZ7<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1005000 | PA      | $898942.35    | 1.29%             | 2035-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Kalispell MT     5.000%  07/01/2033                                                  | City of Kalispell MT     5.000%  07/01/2033                                                  | CUSIP: 48342RBX3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $552750.00    | 0.79%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Missoula & Sanders Counties Elementary School District No JT & 8     5.000%  07/01/2039 | Lake Missoula & Sanders Counties Elementary School District No JT & 8     5.000%  07/01/2039 | CUSIP: 51022FBB8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    515000 | PA      | $584004.85    | 0.84%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Missoula & Sanders Counties Elementary School District No JT & 8     5.000%  07/01/2043 | Lake Missoula & Sanders Counties Elementary School District No JT & 8     5.000%  07/01/2043 | CUSIP: 51022FBF9<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1362124.35   | 1.95%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Livingston MT     4.000%  07/01/2034                                                 | City of Livingston MT     4.000%  07/01/2034                                                 | CUSIP: 538709AR7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    525000 | PA      | $538660.50    | 0.77%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madison County Rural Improvement District     6.000%  07/01/2030                             | Madison County Rural Improvement District     6.000%  07/01/2030                             | CUSIP: 55734QAV1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    925000 | PA      | $928875.75    | 1.33%             | 2030-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Missoula High School District No 1     4.000%  07/01/2032                                    | Missoula High School District No 1     4.000%  07/01/2032                                    | CUSIP: 60580TDU9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    275000 | PA      | $289907.75    | 0.41%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hellgate School District No 4     5.000%  06/15/2028                                         | Hellgate School District No 4     5.000%  06/15/2028                                         | CUSIP: 605815ED7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $565315.00    | 0.81%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hellgate School District No 4     5.000%  06/15/2029                                         | Hellgate School District No 4     5.000%  06/15/2029                                         | CUSIP: 605815EE5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $558155.00    | 0.80%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hellgate School District No 4     5.000%  06/15/2030                                         | Hellgate School District No 4     5.000%  06/15/2030                                         | CUSIP: 605815EF2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $555230.00    | 0.79%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Missoula MT     4.000%  07/01/2031                                                   | City of Missoula MT     4.000%  07/01/2031                                                   | CUSIP: 605843SE2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $261332.50    | 0.37%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missoula Parking Commission     4.000%  10/01/2026                                           | Missoula Parking Commission     4.000%  10/01/2026                                           | CUSIP: 605853DW7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    835000 | PA      | $853461.85    | 1.22%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Missoula MT     4.750%  07/01/2027                                                   | City of Missoula MT     4.750%  07/01/2027                                                   | CUSIP: 605858EV7<br>LEI: N/A | Long             | DBT              | MUN               | US        |     75000 | PA      | $77112.75     | 0.11%             | 2027-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Missoula MT     6.000%  07/01/2030                                                   | City of Missoula MT     6.000%  07/01/2030                                                   | CUSIP: 605858HH5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    160000 | PA      | $160747.20    | 0.23%             | 2030-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Missoula Special Improvement Districts/MT     4.600%  07/01/2024                             | Missoula Special Improvement Districts/MT     4.600%  07/01/2024                             | CUSIP: 605864FJ1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    100000 | PA      | $99297.00     | 0.14%             | 2024-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Missoula Special Improvement Districts/MT     4.600%  07/01/2025                             | Missoula Special Improvement Districts/MT     4.600%  07/01/2025                             | CUSIP: 605864FK8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    105000 | PA      | $104497.05    | 0.15%             | 2025-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Missoula Special Improvement Districts/MT     5.400%  07/01/2029                             | Missoula Special Improvement Districts/MT     5.400%  07/01/2029                             | CUSIP: 605864GH4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    330000 | PA      | $331399.20    | 0.47%             | 2029-07-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| City of Missoula MT Water System Revenue     4.000%  07/01/2037                              | City of Missoula MT Water System Revenue     4.000%  07/01/2037                              | CUSIP: 605871AW2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    600000 | PA      | $625014.00    | 0.89%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missoula County Elementary School District No 1     4.000%  07/01/2032                       | Missoula County Elementary School District No 1     4.000%  07/01/2032                       | CUSIP: 605900BM0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $524750.00    | 0.75%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missoula County Elementary School District No 1     4.000%  07/01/2033                       | Missoula County Elementary School District No 1     4.000%  07/01/2033                       | CUSIP: 605900BN8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    750000 | PA      | $788722.50    | 1.13%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     5.000%  07/01/2032                                    | Montana Facility Finance Authority     5.000%  07/01/2032                                    | CUSIP: 612043KU2<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102640.00   | 1.58%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     5.000%  07/01/2033                                    | Montana Facility Finance Authority     5.000%  07/01/2033                                    | CUSIP: 612043KV0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093420.00   | 1.56%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     3.000%  07/01/2040                                    | Montana Facility Finance Authority     3.000%  07/01/2040                                    | CUSIP: 612043MF3<br>LEI: N/A | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1743340.00   | 2.49%             | 2040-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     5.000%  08/15/2048                                    | Montana Facility Finance Authority     5.000%  08/15/2048                                    | CUSIP: 61204KLQ2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $534720.00    | 0.76%             | 2048-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     5.000%  01/01/2030                                    | Montana Facility Finance Authority     5.000%  01/01/2030                                    | CUSIP: 61204KMQ1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    490000 | PA      | $573545.00    | 0.82%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     4.000%  01/01/2037                                    | Montana Facility Finance Authority     4.000%  01/01/2037                                    | CUSIP: 61204KMX6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $207748.00    | 0.30%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     4.000%  01/01/2038                                    | Montana Facility Finance Authority     4.000%  01/01/2038                                    | CUSIP: 61204KMY4<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1552185.00   | 2.22%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     5.000%  06/01/2028                                    | Montana Facility Finance Authority     5.000%  06/01/2028                                    | CUSIP: 61204MBG1<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1057558.95   | 1.51%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     5.000%  06/01/2029                                    | Montana Facility Finance Authority     5.000%  06/01/2029                                    | CUSIP: 61204MCB1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    915000 | PA      | $960054.60    | 1.37%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     5.000%  06/01/2035                                    | Montana Facility Finance Authority     5.000%  06/01/2035                                    | CUSIP: 61204MCV7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    425000 | PA      | $465404.75    | 0.67%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority     5.000%  06/01/2036                                    | Montana Facility Finance Authority     5.000%  06/01/2036                                    | CUSIP: 61204MCW5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    700000 | PA      | $768124.00    | 1.10%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Montana     4.000%  08/01/2023                                                      | State of Montana     4.000%  08/01/2023                                                      | CUSIP: 612103TE1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    385000 | PA      | $388715.25    | 0.56%             | 2023-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Montana     4.000%  08/01/2026                                                      | State of Montana     4.000%  08/01/2026                                                      | CUSIP: 612103UP4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    855000 | PA      | $883488.60    | 1.26%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Montana     4.000%  08/01/2027                                                      | State of Montana     4.000%  08/01/2027                                                      | CUSIP: 612103UQ2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    480000 | PA      | $496353.60    | 0.71%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Montana     5.000%  08/01/2030                                                      | State of Montana     5.000%  08/01/2030                                                      | CUSIP: 612103XJ5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $599940.00    | 0.86%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana State Board of Regents     5.000%  11/15/2025                                        | Montana State Board of Regents     5.000%  11/15/2025                                        | CUSIP: 61212LPA1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $510595.00    | 0.73%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana State Board of Regents     5.000%  11/15/2030                                        | Montana State Board of Regents     5.000%  11/15/2030                                        | CUSIP: 61212LPF0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    240000 | PA      | $244440.00    | 0.35%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana State Board of Regents     5.000%  11/15/2045                                        | Montana State Board of Regents     5.000%  11/15/2045                                        | CUSIP: 61212LQX0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070030.00   | 1.53%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana State Board of Regents     5.000%  11/15/2034                                        | Montana State Board of Regents     5.000%  11/15/2034                                        | CUSIP: 61212LSH3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $598120.00    | 0.86%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana State Board of Regents     5.000%  11/15/2035                                        | Montana State Board of Regents     5.000%  11/15/2035                                        | CUSIP: 61212LSJ9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    410000 | PA      | $484866.00    | 0.69%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana State Board of Regents     4.000%  11/15/2041                                        | Montana State Board of Regents     4.000%  11/15/2041                                        | CUSIP: 61212LSQ3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $406824.00    | 0.58%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     3.000%  12/01/2023                                              | Montana Board of Housing     3.000%  12/01/2023                                              | CUSIP: 61212R3K0<br>LEI: N/A | Long             | DBT              | MUN               | US        |     55000 | PA      | $55046.75     | 0.08%             | 2023-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     3.150%  06/01/2024                                              | Montana Board of Housing     3.150%  06/01/2024                                              | CUSIP: 61212R3L8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    220000 | PA      | $220693.00    | 0.32%             | 2024-06-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     3.150%  12/01/2024                                              | Montana Board of Housing     3.150%  12/01/2024                                              | CUSIP: 61212R3M6<br>LEI: N/A | Long             | DBT              | MUN               | US        |     75000 | PA      | $75036.00     | 0.11%             | 2024-12-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     3.350%  06/01/2025                                              | Montana Board of Housing     3.350%  06/01/2025                                              | CUSIP: 61212R3N4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    100000 | PA      | $100352.00    | 0.14%             | 2025-06-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     3.875%  12/01/2023                                              | Montana Board of Housing     3.875%  12/01/2023                                              | CUSIP: 61212R4L7<br>LEI: N/A | Long             | DBT              | MUN               | US        |     70000 | PA      | $70246.40     | 0.10%             | 2023-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     4.050%  06/01/2024                                              | Montana Board of Housing     4.050%  06/01/2024                                              | CUSIP: 61212R4M5<br>LEI: N/A | Long             | DBT              | MUN               | US        |     70000 | PA      | $70496.30     | 0.10%             | 2024-06-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     4.050%  12/01/2024                                              | Montana Board of Housing     4.050%  12/01/2024                                              | CUSIP: 61212R4N3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $201308.00    | 0.29%             | 2024-12-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     4.650%  12/01/2028                                              | Montana Board of Housing     4.650%  12/01/2028                                              | CUSIP: 61212R4R4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    120000 | PA      | $120856.80    | 0.17%             | 2028-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     3.400%  12/01/2033                                              | Montana Board of Housing     3.400%  12/01/2033                                              | CUSIP: 61212WFL4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    205000 | PA      | $203823.30    | 0.29%             | 2033-12-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     3.250%  12/01/2044                                              | Montana Board of Housing     3.250%  12/01/2044                                              | CUSIP: 61212WGP4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    730000 | PA      | $728620.30    | 1.04%             | 2044-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     2.800%  12/01/2039                                              | Montana Board of Housing     2.800%  12/01/2039                                              | CUSIP: 61212WHV0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    635000 | PA      | $530155.15    | 0.76%             | 2039-12-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     3.000%  12/01/2045                                              | Montana Board of Housing     3.000%  12/01/2045                                              | CUSIP: 61212WKL8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    330000 | PA      | $289700.40    | 0.41%             | 2045-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing     3.800%  12/01/2038                                              | Montana Board of Housing     3.800%  12/01/2038                                              | CUSIP: 61213TBA8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    470000 | PA      | $470206.80    | 0.67%             | 2038-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Ravalli County High School District No 2 Stevensville     4.000%  07/01/2038                 | Ravalli County High School District No 2 Stevensville     4.000%  07/01/2038                 | CUSIP: 754188BJ8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    965000 | PA      | $990997.10    | 1.42%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ravalli County High School District No 2 Stevensville     4.000%  07/01/2039                 | Ravalli County High School District No 2 Stevensville     4.000%  07/01/2039                 | CUSIP: 754188BK5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    355000 | PA      | $363331.85    | 0.52%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Ravalli MT     4.250%  07/01/2030                                                  | County of Ravalli MT     4.250%  07/01/2030                                                  | CUSIP: 75418JCD6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    755000 | PA      | $776049.40    | 1.11%             | 2030-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ravalli & Missoula Counties Joint School District No 15-6     4.000%  07/01/2038             | Ravalli & Missoula Counties Joint School District No 15-6     4.000%  07/01/2038             | CUSIP: 75418PBE1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $253717.50    | 0.36%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ravalli & Missoula Counties Joint School District No 15-6     4.000%  07/01/2039             | Ravalli & Missoula Counties Joint School District No 15-6     4.000%  07/01/2039             | CUSIP: 75418PBF8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $253432.50    | 0.36%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Silver Bow County School District No 1     4.000%  07/01/2038                                | Silver Bow County School District No 1     4.000%  07/01/2038                                | CUSIP: 827422AU0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2012802.40   | 2.88%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Stillwater County Elementary School District No 6 Columbus     5.000%  07/01/2039            | Stillwater County Elementary School District No 6 Columbus     5.000%  07/01/2039            | CUSIP: 860732DN3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    300000 | PA      | $330420.00    | 0.47%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stillwater County High School District No 6 Columbus     4.000%  07/01/2037                  | Stillwater County High School District No 6 Columbus     4.000%  07/01/2037                  | CUSIP: 860736DL8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    530000 | PA      | $558307.30    | 0.80%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Stillwater County High School District No 6 Columbus     4.000%  07/01/2039                  | Stillwater County High School District No 6 Columbus     4.000%  07/01/2039                  | CUSIP: 860736DN4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    275000 | PA      | $286904.75    | 0.41%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Valley County K-12 School District No 1-A Glasgow/MT     4.250%  07/01/2031                  | Valley County K-12 School District No 1-A Glasgow/MT     4.250%  07/01/2031                  | CUSIP: 919550BZ5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    450000 | PA      | $454599.00    | 0.65%             | 2031-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Yellowstone MT     4.000%  10/01/2029                                              | County of Yellowstone MT     4.000%  10/01/2029                                              | CUSIP: 985724BR3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    710000 | PA      | $733621.70    | 1.05%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Yellowstone County School District No 2 Billings     5.000%  06/15/2024                      | Yellowstone County School District No 2 Billings     5.000%  06/15/2024                      | CUSIP: 985743NZ2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $520035.00    | 0.74%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yellowstone County School District No 2 Billings     5.000%  06/15/2026                      | Yellowstone County School District No 2 Billings     5.000%  06/15/2026                      | CUSIP: 985743PB3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    515000 | PA      | $533673.90    | 0.76%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yellowstone County School District No 2 Billings     5.000%  06/15/2027                      | Yellowstone County School District No 2 Billings     5.000%  06/15/2027                      | CUSIP: 985743PC1<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034740.00   | 1.48%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yellowstone County School District No 2 Billings     5.000%  06/15/2030                      | Yellowstone County School District No 2 Billings     5.000%  06/15/2030                      | CUSIP: 985743QB2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    795000 | PA      | $849703.95    | 1.22%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yellowstone County School District No 2 Billings     5.000%  06/15/2031                      | Yellowstone County School District No 2 Billings     5.000%  06/15/2031                      | CUSIP: 985743QC0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    705000 | PA      | $748449.15    | 1.07%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yellowstone County School District No 2 Billings     5.000%  06/15/2032                      | Yellowstone County School District No 2 Billings     5.000%  06/15/2032                      | CUSIP: 985743QD8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    435000 | PA      | $462848.70    | 0.66%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yellowstone County School District No 2 Billings     3.000%  06/15/2032                      | Yellowstone County School District No 2 Billings     3.000%  06/15/2032                      | CUSIP: 985743QY2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    630000 | PA      | $640111.50    | 0.92%             | 2032-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Yellowstone County K-12 School District No 26 Lockwood     5.000%  07/01/2037                | Yellowstone County K-12 School District No 26 Lockwood     5.000%  07/01/2037                | CUSIP: 985794DH6<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096860.00   | 1.57%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yellowstone County K-12 School District No 26 Lockwood     5.000%  07/01/2038                | Yellowstone County K-12 School District No 26 Lockwood     5.000%  07/01/2038                | CUSIP: 985794DN3<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095780.00   | 1.57%             | 2038-07-01      | Fixed         | 5.00%                 | 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