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value="GRAEDU"/></identifiers><balance>500000</balance><units>PA</units><curCd>USD</curCd><valUSD>549450</valUSD><pctVal>1.4</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2040-12-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>5.125</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Hobart Educational Facilities Authority     5.000%  09/01/2026</name><lei>N/A</lei><title>Hobart Educational Facilities Authority     5.000%  09/01/2026</title><cusip>433817AN3</cusip><identifiers><isin value="US433817AN33"/><ticker value="HOBEDU"/></identifiers><balance>635000</balance><units>PA</units><curCd>USD</curCd><valUSD>641159.5</valUSD><pctVal>1.63</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2026-09-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>5</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Hobart Educational Facilities Authority     4.500%  09/01/2027</name><lei>N/A</lei><title>Hobart Educational Facilities Authority     4.500%  09/01/2027</title><cusip>433817AP8</cusip><identifiers><isin value="US433817AP80"/><ticker value="HOBEDU"/></identifiers><balance>340000</balance><units>PA</units><curCd>USD</curCd><valUSD>345858.2</valUSD><pctVal>0.88</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2027-09-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>4.5</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Hobart Educational Facilities Authority     4.500%  09/01/2028</name><lei>N/A</lei><title>Hobart Educational Facilities Authority     4.500%  09/01/2028</title><cusip>433817AQ6</cusip><identifiers><isin value="US433817AQ63"/><ticker value="HOBEDU"/></identifiers><balance>365000</balance><units>PA</units><curCd>USD</curCd><valUSD>374219.9</valUSD><pctVal>0.95</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2028-09-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>4.5</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Jackson County Educational Facilities Authority     4.250%  09/01/2031</name><lei>N/A</lei><title>Jackson County Educational Facilities Authority     4.250%  09/01/2031</title><cusip>467629AM3</cusip><identifiers><isin value="US467629AM30"/><ticker value="JACEDU"/></identifiers><balance>320000</balance><units>PA</units><curCd>USD</curCd><valUSD>321116.8</valUSD><pctVal>0.82</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2031-09-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>4.25</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Kiowa County Public Facilities Authority     4.500%  12/01/2033</name><lei>N/A</lei><title>Kiowa County Public Facilities Authority     4.500%  12/01/2033</title><cusip>49725BAK2</cusip><identifiers><isin value="US49725BAK26"/><ticker 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value="OKSSFM"/></identifiers><balance>870000</balance><units>PA</units><curCd>USD</curCd><valUSD>875307</valUSD><pctVal>2.23</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2044-09-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>4.4</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Oklahoma Housing Finance Agency     4.600%  09/01/2049</name><lei>N/A</lei><title>Oklahoma Housing Finance Agency     4.600%  09/01/2049</title><cusip>67886MP78</cusip><identifiers><isin value="US67886MP781"/><ticker value="OKSSFM"/></identifiers><balance>1000000</balance><units>PA</units><curCd>USD</curCd><valUSD>990560</valUSD><pctVal>2.52</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2049-09-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>4.6</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Oklahoma Turnpike Authority     5.250%  01/01/2048</name><lei>N/A</lei><title>Oklahoma Turnpike Authority     5.250%  01/01/2048</title><cusip>679111C85</cusip><identifiers><isin value="US679111C859"/><ticker value="OKSTRN"/></identifiers><balance>500000</balance><units>PA</units><curCd>USD</curCd><valUSD>527645</valUSD><pctVal>1.34</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2048-01-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>5.25</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Oklahoma Water Resources Board     5.000%  10/01/2045</name><lei>N/A</lei><title>Oklahoma Water Resources Board     5.000%  10/01/2045</title><cusip>67920Q6Y9</cusip><identifiers><isin value="US67920Q6Y91"/><ticker 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value="STPEDU"/></identifiers><balance>400000</balance><units>PA</units><curCd>USD</curCd><valUSD>413152</valUSD><pctVal>1.05</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2027-09-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>5</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Stephens County Educational Facilities Authority     4.000%  09/01/2032</name><lei>N/A</lei><title>Stephens County Educational Facilities Authority     4.000%  09/01/2032</title><cusip>858761BY4</cusip><identifiers><isin value="US858761BY41"/><ticker value="STPEDU"/></identifiers><balance>665000</balance><units>PA</units><curCd>USD</curCd><valUSD>677156.2</valUSD><pctVal>1.73</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2032-09-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>4</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Tulsa County Home Finance Authority     4.550%  07/01/2049</name><lei>N/A</lei><title>Tulsa County Home Finance Authority     4.550%  07/01/2049</title><cusip>899517HT6</cusip><identifiers><isin value="US899517HT68"/><ticker 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value="WEFEDU"/></identifiers><balance>445000</balance><units>PA</units><curCd>USD</curCd><valUSD>482184.2</valUSD><pctVal>1.23</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2031-09-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>5</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec></invstOrSecs><signature><dateSigned xmlns="http://www.sec.gov/edgar/nportcommon">2026-03-30</dateSigned><nameOfApplicant xmlns="http://www.sec.gov/edgar/nportcommon">Viking Mutual Funds</nameOfApplicant><signature xmlns="http://www.sec.gov/edgar/nportcommon">Shelly Nahrstedt</signature><signerName xmlns="http://www.sec.gov/edgar/nportcommon">Shelly Nahrstedt</signerName><title xmlns="http://www.sec.gov/edgar/nportcommon">Treasurer </title></signature></formData></edgarSubmission>
