# EDGAR Filing Document

**Accession Number:** 0001082744
**File Stem:** 0000899635-23-000062
**Filing Date:** 2023-3
**Character Count:** 55213
**Document Hash:** 7b568994528fb15bf04c892e110f2b4b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000899635-23-000062.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0000899635-23-000062

**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:** 23783852

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Minot

  - **State:** ND

  - **Foreign country:** US

  - **Zip / Postal Code:** 58703

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

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

- **a. Name of Series:** Kansas Municipal Fund

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

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

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

- **a. Date of fiscal year-end:** 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:** $65372375.05

**Total Liabilities:** $575062.52

**Net Assets:** $64797312.53

**Delayed Delivery Securities:** $295072.50

**Cash Not Reported:** $751557.23

**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 C000193242 | 4.95%                | -2.33%               | -0.02%               |
| Class ID C000193243 | 5.10%                | 0.31%                | 2.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1432582.09             | $3909783.56                                |
| Month 2  | $-18498.95               | $65548.22                                  |
| Month 3  | $-59200.00               | $1531028.31                                |

### 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 Arkansas City KS     2.000%  08/01/2036                                               | City of Arkansas City KS     2.000%  08/01/2036                                               | CUSIP: 040807SE0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $418150.00    | 0.65%             | 2036-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ashland Public Building Commission     5.000%  09/01/2030                                     | Ashland Public Building Commission     5.000%  09/01/2030                                     | CUSIP: 044241AK3<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1031464.80   | 1.59%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ashland Public Building Commission     5.000%  09/01/2035                                     | Ashland Public Building Commission     5.000%  09/01/2035                                     | CUSIP: 044241AM9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $503940.00    | 0.78%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ashland Public Building Commission     5.000%  09/01/2032                                     | Ashland Public Building Commission     5.000%  09/01/2032                                     | CUSIP: 044241AW7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    550000 | PA      | $566318.50    | 0.87%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bonner Springs KS     3.000%  09/01/2044                                              | City of Bonner Springs KS     3.000%  09/01/2044                                              | CUSIP: 098239TQ9<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1060000 | PA      | $987538.40    | 1.52%             | 2044-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bourbon County Unified School District No 234-Fort Scott     5.000%  09/01/2027               | Bourbon County Unified School District No 234-Fort Scott     5.000%  09/01/2027               | CUSIP: 101824DY3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $260450.00    | 0.40%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bourbon County Unified School District No 234-Fort Scott     5.000%  09/01/2028               | Bourbon County Unified School District No 234-Fort Scott     5.000%  09/01/2028               | CUSIP: 101824DZ0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $261007.50    | 0.40%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bourbon County Unified School District No 234-Fort Scott     5.000%  09/01/2029               | Bourbon County Unified School District No 234-Fort Scott     5.000%  09/01/2029               | CUSIP: 101824EA4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $260250.00    | 0.40%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bourbon County Unified School District No 234-Fort Scott     5.000%  09/01/2030               | Bourbon County Unified School District No 234-Fort Scott     5.000%  09/01/2030               | CUSIP: 101824EB2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $260250.00    | 0.40%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bourbon County Unified School District No 234-Fort Scott     5.000%  09/01/2031               | Bourbon County Unified School District No 234-Fort Scott     5.000%  09/01/2031               | CUSIP: 101824EC0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $520500.00    | 0.80%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Burlingame KS     3.000%  09/01/2045                                                  | City of Burlingame KS     3.000%  09/01/2045                                                  | CUSIP: 121475BE6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    365000 | PA      | $297621.00    | 0.46%             | 2045-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Butler County Unified School District No 385 Andover     5.000%  09/01/2033                   | Butler County Unified School District No 385 Andover     5.000%  09/01/2033                   | CUSIP: 12343ECU2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    350000 | PA      | $395006.50    | 0.61%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clay KS     4.000%  10/01/2036                                                      | County of Clay KS     4.000%  10/01/2036                                                      | CUSIP: 183324FU1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $513175.00    | 0.79%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coffeyville Community College     4.000%  06/01/2029                                          | Coffeyville Community College     4.000%  06/01/2029                                          | CUSIP: 192261CV5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $267090.00    | 0.41%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coffeyville Community College     3.000%  06/01/2031                                          | Coffeyville Community College     3.000%  06/01/2031                                          | CUSIP: 192261CX1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    790000 | PA      | $792733.40    | 1.22%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dickson County Public Building Commission     4.000%  08/01/2038                              | Dickson County Public Building Commission     4.000%  08/01/2038                              | CUSIP: 253166AZ5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    750000 | PA      | $758490.00    | 1.17%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Unified School District No 348 Baldwin City     4.000%  09/01/2030             | Douglas County Unified School District No 348 Baldwin City     4.000%  09/01/2030             | CUSIP: 259133HH2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $261637.50    | 0.40%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Emporia KS     4.000%  09/01/2025                                                     | City of Emporia KS     4.000%  09/01/2025                                                     | CUSIP: 292281K35<br>LEI: N/A | Long             | DBT              | MUN               | US        |    485000 | PA      | $508862.00    | 0.79%             | 2025-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Emporia KS     4.000%  09/01/2027                                                     | City of Emporia KS     4.000%  09/01/2027                                                     | CUSIP: 292281K50<br>LEI: N/A | Long             | DBT              | MUN               | US        |    515000 | PA      | $559614.45    | 0.86%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Franklin County Unified School District No 290 Ottawa     5.000%  09/01/2040                  | Franklin County Unified School District No 290 Ottawa     5.000%  09/01/2040                  | CUSIP: 352802GR7<br>LEI: N/A | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3211410.00   | 4.96%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Garden City KS     5.000%  11/01/2029                                                 | City of Garden City KS     5.000%  11/01/2029                                                 | CUSIP: 365028N70<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $583510.00    | 0.90%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gardner KS     5.000%  10/01/2028                                                     | City of Gardner KS     5.000%  10/01/2028                                                     | CUSIP: 365591E44<br>LEI: N/A | Long             | DBT              | MUN               | US        |    580000 | PA      | $664946.80    | 1.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geary County Unified School District No 475     4.000%  09/01/2033                            | Geary County Unified School District No 475     4.000%  09/01/2033                            | CUSIP: 368347BV1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    350000 | PA      | $367003.00    | 0.57%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harvey County Unified School District No 460 Hesston     5.000%  09/01/2031                   | Harvey County Unified School District No 460 Hesston     5.000%  09/01/2031                   | CUSIP: 417641DK0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    410000 | PA      | $484788.10    | 0.75%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hillsboro KS     3.000%  09/01/2024                                                   | City of Hillsboro KS     3.000%  09/01/2024                                                   | CUSIP: 431812MY9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    100000 | PA      | $100246.00    | 0.15%             | 2024-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Hillsboro KS     3.000%  09/01/2027                                                   | City of Hillsboro KS     3.000%  09/01/2027                                                   | CUSIP: 431812NB8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    225000 | PA      | $229095.00    | 0.35%             | 2027-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Hillsboro KS     3.000%  09/01/2028                                                   | City of Hillsboro KS     3.000%  09/01/2028                                                   | CUSIP: 431812NC6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    230000 | PA      | $232553.00    | 0.36%             | 2028-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Hillsboro KS     3.000%  09/01/2029                                                   | City of Hillsboro KS     3.000%  09/01/2029                                                   | CUSIP: 431812ND4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    240000 | PA      | $240050.40    | 0.37%             | 2029-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hoisington Public Building Commission     3.000%  11/01/2040                                  | Hoisington Public Building Commission     3.000%  11/01/2040                                  | CUSIP: 43466QAV1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    660000 | PA      | $583420.20    | 0.90%             | 2040-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hoisington Public Building Commission     3.000%  11/01/2045                                  | Hoisington Public Building Commission     3.000%  11/01/2045                                  | CUSIP: 43466QAZ2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $387265.00    | 0.60%             | 2045-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Hutchinson KS     2.500%  10/01/2040                                                  | City of Hutchinson KS     2.500%  10/01/2040                                                  | CUSIP: 4481516W5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    420000 | PA      | $341653.20    | 0.53%             | 2040-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Johnson & Miami Counties Unified School District No 230 Spring Hills     5.000%  09/01/2037   | Johnson & Miami Counties Unified School District No 230 Spring Hills     5.000%  09/01/2037   | CUSIP: 478164JY3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $556650.00    | 0.86%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson & Miami Counties Unified School District No 230 Spring Hills     5.000%  09/01/2039   | Johnson & Miami Counties Unified School District No 230 Spring Hills     5.000%  09/01/2039   | CUSIP: 478164KA3<br>LEI: N/A | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2242300.00   | 3.46%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 231 Gardner - Edgerton     5.000%  10/01/2025       | Johnson County Unified School District No 231 Gardner - Edgerton     5.000%  10/01/2025       | CUSIP: 478710TY2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $255355.00    | 0.39%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 233 Olathe     4.000%  09/01/2036                   | Johnson County Unified School District No 233 Olathe     4.000%  09/01/2036                   | CUSIP: 4787182D0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063950.00   | 1.64%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 233 Olathe     5.000%  09/01/2026                   | Johnson County Unified School District No 233 Olathe     5.000%  09/01/2026                   | CUSIP: 478718Z36<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $274835.00    | 0.42%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 233 Olathe     5.000%  09/01/2031                   | Johnson County Unified School District No 233 Olathe     5.000%  09/01/2031                   | CUSIP: 478718Z85<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $604885.00    | 0.93%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 512 Shawnee Mission     4.000%  10/01/2032          | Johnson County Unified School District No 512 Shawnee Mission     4.000%  10/01/2032          | CUSIP: 478740TF0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050770.00   | 1.62%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas Municipal Energy Agency     5.750%  07/01/2038                                         | Kansas Municipal Energy Agency     5.750%  07/01/2038                                         | CUSIP: 48526CAS6<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012050.00   | 1.56%             | 2038-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Kansas Municipal Energy Agency     5.000%  04/01/2030                                         | Kansas Municipal Energy Agency     5.000%  04/01/2030                                         | CUSIP: 48526CBG1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $269025.00    | 0.42%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Municipal Energy Agency     5.000%  04/01/2032                                         | Kansas Municipal Energy Agency     5.000%  04/01/2032                                         | CUSIP: 48526CBJ5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $537625.00    | 0.83%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Municipal Energy Agency     5.000%  04/01/2033                                         | Kansas Municipal Energy Agency     5.000%  04/01/2033                                         | CUSIP: 48526CBK2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    745000 | PA      | $802789.65    | 1.24%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Municipal Energy Agency     5.000%  04/01/2038                                         | Kansas Municipal Energy Agency     5.000%  04/01/2038                                         | CUSIP: 48526CBL0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052930.00   | 1.62%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Municipal Energy Agency     5.000%  04/01/2035                                         | Kansas Municipal Energy Agency     5.000%  04/01/2035                                         | CUSIP: 48526CBN6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    300000 | PA      | $320931.00    | 0.50%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Power Pool     4.000%  12/01/2031                                                      | Kansas Power Pool     4.000%  12/01/2031                                                      | CUSIP: 485321BQ5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $516400.00    | 0.80%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas Power Pool     4.000%  12/01/2041                                                      | Kansas Power Pool     4.000%  12/01/2041                                                      | CUSIP: 485321CL5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $506795.00    | 0.78%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation     5.000%  09/01/2033                           | State of Kansas Department of Transportation     5.000%  09/01/2033                           | CUSIP: 485424QP3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $531145.00    | 0.82%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation     5.000%  09/01/2035                           | State of Kansas Department of Transportation     5.000%  09/01/2035                           | CUSIP: 485424QR9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $264680.00    | 0.41%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority     3.000%  10/01/2044                                   | Kansas Development Finance Authority     3.000%  10/01/2044                                   | CUSIP: 48542RFQ2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $403855.00    | 0.62%             | 2044-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority     3.000%  06/01/2031                                   | Kansas Development Finance Authority     3.000%  06/01/2031                                   | CUSIP: 48542RKE3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $514080.00    | 0.79%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority     4.000%  05/01/2035                                   | Kansas Development Finance Authority     4.000%  05/01/2035                                   | CUSIP: 48542RTW4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    275000 | PA      | $291260.75    | 0.45%             | 2035-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority     4.000%  05/01/2036                                   | Kansas Development Finance Authority     4.000%  05/01/2036                                   | CUSIP: 48542RTX2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    290000 | PA      | $303545.90    | 0.47%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority     5.000%  06/01/2029                                   | Kansas Development Finance Authority     5.000%  06/01/2029                                   | CUSIP: 48542RVW1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $458728.00    | 0.71%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lawrence KS     5.000%  09/01/2023                                                    | City of Lawrence KS     5.000%  09/01/2023                                                    | CUSIP: 520121TS3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    205000 | PA      | $208005.30    | 0.32%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lawrence KS     5.000%  09/01/2024                                                    | City of Lawrence KS     5.000%  09/01/2024                                                    | CUSIP: 520121TT1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    210000 | PA      | $218624.70    | 0.34%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lawrence KS     5.000%  07/01/2043                                                    | City of Lawrence KS     5.000%  07/01/2043                                                    | CUSIP: 520134FU6<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1592535.00   | 2.46%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leavenworth County Unified School District No 453     4.000%  09/01/2037                      | Leavenworth County Unified School District No 453     4.000%  09/01/2037                      | CUSIP: 522210KS1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    650000 | PA      | $684573.50    | 1.06%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Leavenworth County Unified School District No 458     5.000%  09/01/2029                      | Leavenworth County Unified School District No 458     5.000%  09/01/2029                      | CUSIP: 522218JT4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $507680.00    | 0.78%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leavenworth County Unified School District No 464     4.000%  09/01/2031                      | Leavenworth County Unified School District No 464     4.000%  09/01/2031                      | CUSIP: 522223GF7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $535485.00    | 0.83%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lenexa KS     5.000%  09/01/2024                                                      | City of Lenexa KS     5.000%  09/01/2024                                                      | CUSIP: 5260306P1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    245000 | PA      | $254851.45    | 0.39%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lenexa KS     5.000%  09/01/2025                                                      | City of Lenexa KS     5.000%  09/01/2025                                                      | CUSIP: 5260306Q9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $267357.50    | 0.41%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lenexa KS     5.000%  09/01/2026                                                      | City of Lenexa KS     5.000%  09/01/2026                                                      | CUSIP: 5260306R7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    325000 | PA      | $357236.75    | 0.55%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lenexa KS     5.000%  09/01/2027                                                      | City of Lenexa KS     5.000%  09/01/2027                                                      | CUSIP: 5260306S5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    345000 | PA      | $388494.15    | 0.60%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lenexa KS     5.000%  09/01/2028                                                      | City of Lenexa KS     5.000%  09/01/2028                                                      | CUSIP: 5260306T3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    310000 | PA      | $357166.50    | 0.55%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lenexa KS     5.000%  09/01/2029                                                      | City of Lenexa KS     5.000%  09/01/2029                                                      | CUSIP: 5260306U0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    345000 | PA      | $405147.30    | 0.63%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lenexa KS     5.000%  09/01/2030                                                      | City of Lenexa KS     5.000%  09/01/2030                                                      | CUSIP: 5260306V8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    395000 | PA      | $470764.95    | 0.73%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lenexa KS     5.000%  09/01/2031                                                      | City of Lenexa KS     5.000%  09/01/2031                                                      | CUSIP: 5260306W6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    420000 | PA      | $511971.60    | 0.79%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lenexa KS     5.000%  09/01/2032                                                      | City of Lenexa KS     5.000%  09/01/2032                                                      | CUSIP: 5260306X4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    310000 | PA      | $383262.30    | 0.59%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Linn KS     3.000%  07/01/2036                                                      | County of Linn KS     3.000%  07/01/2036                                                      | CUSIP: 53578RAR2<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1004113.00   | 1.55%             | 2036-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS     5.000%  12/01/2026                                                   | City of Manhattan KS     5.000%  12/01/2026                                                   | CUSIP: 563055AG7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    210000 | PA      | $210957.60    | 0.33%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS     4.500%  12/01/2025                                                   | City of Manhattan KS     4.500%  12/01/2025                                                   | CUSIP: 563059AJ3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    325000 | PA      | $325955.50    | 0.50%             | 2025-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS     5.000%  12/01/2032                                                   | City of Manhattan KS     5.000%  12/01/2032                                                   | CUSIP: 563059AK0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004680.00   | 1.55%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of McPherson KS Water System Revenue     2.000%  10/01/2037                              | City of McPherson KS Water System Revenue     2.000%  10/01/2037                              | CUSIP: 582692FE4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    425000 | PA      | $341236.75    | 0.53%             | 2037-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Miami County Unified School District No 368 Paola     5.000%  09/01/2027                      | Miami County Unified School District No 368 Paola     5.000%  09/01/2027                      | CUSIP: 593303LF5<br>LEI: N/A | Long             | DBT              | MUN               | US        |     10000 | PA      | $10012.00     | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nemaha County Unified School District No 115     5.000%  09/01/2031                           | Nemaha County Unified School District No 115     5.000%  09/01/2031                           | CUSIP: 64043RAU9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $295392.50    | 0.46%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Neosho County Unified School District No 413     4.000%  09/01/2031                           | Neosho County Unified School District No 413     4.000%  09/01/2031                           | CUSIP: 640575HM1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $251257.50    | 0.39%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Olathe KS     3.000%  10/01/2033                                                      | City of Olathe KS     3.000%  10/01/2033                                                      | CUSIP: 679384NB9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    855000 | PA      | $883018.35    | 1.36%             | 2033-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Overland Park KS     5.000%  09/01/2032                                               | City of Overland Park KS     5.000%  09/01/2032                                               | CUSIP: 6902757L0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1241200.00   | 1.92%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Prairie Village KS     3.000%  09/01/2049                                             | City of Prairie Village KS     3.000%  09/01/2049                                             | CUSIP: 739715HY9<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1324230.00   | 2.04%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Rice County Unified School District No 444     4.000%  09/01/2031                             | Rice County Unified School District No 444     4.000%  09/01/2031                             | CUSIP: 762690BT1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    710000 | PA      | $765628.50    | 1.18%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riley County Unified School District No 378 Riley     4.000%  09/01/2028                      | Riley County Unified School District No 378 Riley     4.000%  09/01/2028                      | CUSIP: 766647ES6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    680000 | PA      | $735460.80    | 1.14%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riley County Unified School District No 383 Manhattan-Ogden     4.000%  09/01/2039            | Riley County Unified School District No 383 Manhattan-Ogden     4.000%  09/01/2039            | CUSIP: 766651RK1<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035840.00   | 1.60%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Saline KS     3.000%  09/01/2033                                                    | County of Saline KS     3.000%  09/01/2033                                                    | CUSIP: 795166BX4<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004410.00   | 1.55%             | 2033-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Scott KS     5.000%  04/01/2032                                                     | County of Scott KS     5.000%  04/01/2032                                                     | CUSIP: 809503DM4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $542075.00    | 0.84%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sedgwick County Unified School District No 262 Valley Center     5.000%  09/01/2035           | Sedgwick County Unified School District No 262 Valley Center     5.000%  09/01/2035           | CUSIP: 815662LL3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    405000 | PA      | $423994.50    | 0.65%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seward County Unified School District No 480 Liberal     5.000%  09/01/2029                   | Seward County Unified School District No 480 Liberal     5.000%  09/01/2029                   | CUSIP: 818461JQ9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $267292.50    | 0.41%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shawnee KS     5.000%  09/01/2033                                                   | County of Shawnee KS     5.000%  09/01/2033                                                   | CUSIP: 820561AZ1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    230000 | PA      | $270691.60    | 0.42%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shawnee KS     5.500%  09/01/2034                                                   | County of Shawnee KS     5.500%  09/01/2034                                                   | CUSIP: 820561BA5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    210000 | PA      | $255630.90    | 0.39%             | 2034-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Shawnee KS     5.000%  12/01/2025                                                     | City of Shawnee KS     5.000%  12/01/2025                                                     | CUSIP: 820667G72<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071870.00   | 1.65%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shawnee KS     5.000%  12/01/2029                                                     | City of Shawnee KS     5.000%  12/01/2029                                                     | CUSIP: 820667H30<br>LEI: N/A | Long             | DBT              | MUN               | US        |    560000 | PA      | $654382.40    | 1.01%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of South Hutchinson KS     4.000%  10/01/2038                                            | City of South Hutchinson KS     4.000%  10/01/2038                                            | CUSIP: 838430JX5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    355000 | PA      | $360491.85    | 0.56%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority     4.000%  09/01/2040                                | University of Kansas Hospital Authority     4.000%  09/01/2040                                | CUSIP: 914367DH7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $502210.00    | 0.78%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority     5.000%  09/01/2035                                | University of Kansas Hospital Authority     5.000%  09/01/2035                                | CUSIP: 914367DM6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $526155.00    | 0.81%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority     4.000%  09/01/2048                                | University of Kansas Hospital Authority     4.000%  09/01/2048                                | CUSIP: 914367FU6<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978650.00    | 1.51%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority     5.000%  09/01/2048                                | University of Kansas Hospital Authority     5.000%  09/01/2048                                | CUSIP: 914367FX0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2124080.00   | 3.28%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority     3.000%  03/01/2041                                | University of Kansas Hospital Authority     3.000%  03/01/2041                                | CUSIP: 914367GV3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $416950.00    | 0.64%             | 2041-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority     4.000%  03/01/2042                                | University of Kansas Hospital Authority     4.000%  03/01/2042                                | CUSIP: 914367HJ9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    795000 | PA      | $857359.80    | 1.32%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington County Public Building Commission     4.000%  09/01/2028                           | Washington County Public Building Commission     4.000%  09/01/2028                           | CUSIP: 937715CB4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    100000 | PA      | $100353.00    | 0.15%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wichita KS     4.750%  09/01/2027                                                     | City of Wichita KS     4.750%  09/01/2027                                                     | CUSIP: 967244BL7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    180000 | PA      | $180207.00    | 0.28%             | 2027-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Wichita KS     2.000%  12/01/2038                                                     | City of Wichita KS     2.000%  12/01/2038                                                     | CUSIP: 967245TT8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $198542.50    | 0.31%             | 2038-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Wichita KS     4.000%  09/01/2038                                                     | City of Wichita KS     4.000%  09/01/2038                                                     | CUSIP: 967323AV8<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023810.00   | 1.58%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government Utility System Revenue     5.000%  09/01/2035 | Wyandotte County-Kansas City Unified Government Utility System Revenue     5.000%  09/01/2035 | CUSIP: 982674KX0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $527105.00    | 0.81%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government Utility System Revenue     5.000%  09/01/2028 | Wyandotte County-Kansas City Unified Government Utility System Revenue     5.000%  09/01/2028 | CUSIP: 982674LM3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $550650.00    | 0.85%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government Utility System Revenue     3.000%  09/01/2040 | Wyandotte County-Kansas City Unified Government Utility System Revenue     3.000%  09/01/2040 | CUSIP: 982674MY6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $209152.50    | 0.32%             | 2040-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government     2.250%  08/01/2037                        | Wyandotte County-Kansas City Unified Government     2.250%  08/01/2037                        | CUSIP: 98267ADR7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    410000 | PA      | $347885.00    | 0.54%             | 2037-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government     2.250%  08/01/2038                        | Wyandotte County-Kansas City Unified Government     2.250%  08/01/2038                        | CUSIP: 98267ADS5<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $819680.00    | 1.26%             | 2038-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government     2.375%  08/01/2040                        | Wyandotte County-Kansas City Unified Government     2.375%  08/01/2040                        | CUSIP: 98267ADU0<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $812880.00    | 1.25%             | 2040-08-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Wyandotte County Unified School District No 202 Turner     5.000%  09/01/2025                 | Wyandotte County Unified School District No 202 Turner     5.000%  09/01/2025                 | CUSIP: 982683EZ3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $253737.50    | 0.39%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County Unified School District No 500 Kansas City     5.000%  09/01/2026            | Wyandotte County Unified School District No 500 Kansas City     5.000%  09/01/2026            | CUSIP: 982696QP4<br>LEI: N/A | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097170.00   | 1.69%             | 2026-09-01      | 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