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value="GRAEDU"/></identifiers><balance>500000</balance><units>PA</units><curCd>USD</curCd><valUSD>540585</valUSD><pctVal>1.35</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>641731</valUSD><pctVal>1.6</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>344702.2</valUSD><pctVal>0.86</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>372456.95</valUSD><pctVal>0.93</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 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value="OKSSFM"/></identifiers><balance>870000</balance><units>PA</units><curCd>USD</curCd><valUSD>872914.5</valUSD><pctVal>2.18</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>996060</valUSD><pctVal>2.48</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>530835</valUSD><pctVal>1.32</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 State University     4.000%  09/01/2043</name><lei>N/A</lei><title>Oklahoma State University     4.000%  09/01/2043</title><cusip>679191PF7</cusip><identifiers><isin value="US679191PF71"/><ticker value="OKSHGR"/></identifiers><balance>500000</balance><units>PA</units><curCd>USD</curCd><valUSD>488720</valUSD><pctVal>1.22</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2043-09-01</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>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 value="OKSWTR"/></identifiers><balance>280000</balance><units>PA</units><curCd>USD</curCd><valUSD>294442.4</valUSD><pctVal>0.73</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2045-10-01</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>Payne County Economic Development Authority     4.250%  09/01/2034</name><lei>N/A</lei><title>Payne County Economic Development Authority     4.250%  09/01/2034</title><cusip>70438LBC1</cusip><identifiers><isin value="US70438LBC19"/><ticker value="PAYEDU"/></identifiers><balance>500000</balance><units>PA</units><curCd>USD</curCd><valUSD>499175</valUSD><pctVal>1.24</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2034-09-01</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>Pontotoc County Educational Facilities Authority     4.000%  09/01/2034</name><lei>N/A</lei><title>Pontotoc County Educational Facilities Authority     4.000%  09/01/2034</title><cusip>732692CY2</cusip><identifiers><isin value="US732692CY25"/><ticker value="PONEDU"/></identifiers><balance>625000</balance><units>PA</units><curCd>USD</curCd><valUSD>644268.75</valUSD><pctVal>1.61</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2034-09-01</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>Pontotoc County Educational Facilities Authority     4.000%  09/01/2040</name><lei>N/A</lei><title>Pontotoc County Educational Facilities Authority     4.000%  09/01/2040</title><cusip>732692DE5</cusip><identifiers><isin value="US732692DE51"/><ticker 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value="STPEDU"/></identifiers><balance>400000</balance><units>PA</units><curCd>USD</curCd><valUSD>413500</valUSD><pctVal>1.03</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 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value="91476PNP9"/></identifiers><balance>500000</balance><units>PA</units><curCd>USD</curCd><valUSD>498310</valUSD><pctVal>1.24</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2040-07-01</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>University of Oklahoma/The     5.000%  07/01/2038</name><lei>N/A</lei><title>University of Oklahoma/The     5.000%  07/01/2038</title><cusip>91476PPB8</cusip><identifiers><isin value="US91476PPB84"/><ticker value="91476PPB8"/></identifiers><balance>500000</balance><units>PA</units><curCd>USD</curCd><valUSD>500525</valUSD><pctVal>1.25</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>MUN</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2038-07-01</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>Washington County Educational Facilities Authority     5.000%  09/01/2031</name><lei>N/A</lei><title>Washington County Educational Facilities Authority     5.000%  09/01/2031</title><cusip>938176AK0</cusip><identifiers><isin value="US938176AK05"/><ticker value="WEFEDU"/></identifiers><balance>445000</balance><units>PA</units><curCd>USD</curCd><valUSD>479959.2</valUSD><pctVal>1.2</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">2025-12-22</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><documents>XXXX</documents></edgarSubmission>
