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            <transferAgentName>Integrity Fund Services, LLC</transferAgentName>
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            <pricingServiceName>Integrity Fund Services, LLC</pricingServiceName>
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      <managementInvestmentQuestion>
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        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
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        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
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            <transferAgentName>Integrity Fund Services, LLC</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-ND" transferAgentCountry="US"/>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Integrity Fund Services, LLC</pricingServiceName>
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        <shareholderServicingAgents>
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        <admins>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Viking Tax-Free Fund for Montana</mgmtInvFundName>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
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        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4(f)(17 CFR 270.18f-4(f))</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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            <investmentAdviserFileNo>801-56605</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000107927</investmentAdviserCrdNo>
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            <investmentAdviserStateCountry investmentAdviserState="US-ND" investmentAdviserCountry="US"/>
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        <transferAgents>
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            <transferAgentName>Integrity Fund Services, LLC</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-ND" transferAgentCountry="US"/>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Integrity Fund Services, LLC</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-ND" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>Y</isPricingServiceAffiliated>
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        <custodians>
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            <otherCustodianDesc>N/A</otherCustodianDesc>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Integrity Fund Services, LLC</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>N/A</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-ND" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Integrity Fund Services, LLC</adminName>
            <adminLei>N/A</adminLei>
            <idNumberDesc>N/A</idNumberDesc>
            <adminStateCountry adminState="US-ND" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Integrity Funds Distributor, LLC</brokerDealerName>
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            <brokerDealerCrdNo>000026293</brokerDealerCrdNo>
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            <brokerDealerStateCountry brokerDealerState="US-ND" brokerDealerCountry="US"/>
            <brokerDealerCommission>0</brokerDealerCommission>
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        <aggregateCommission>0</aggregateCommission>
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          <principalTransaction>
            <principalName>D. A. Davidson &amp; Co.</principalName>
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            <principalStateCountry principalState="US-MN" principalCountry="US"/>
            <principalTotalPurchaseSale>18814064</principalTotalPurchaseSale>
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          <principalTransaction>
            <principalName>RBC Capital Markets, LLC</principalName>
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            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>3700000</principalTotalPurchaseSale>
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          <principalTransaction>
            <principalName>Morgan Stanley &amp; Co. LLC</principalName>
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          <principalTransaction>
            <principalName>Piper Sandler &amp; Co</principalName>
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            <principalTotalPurchaseSale>1400592</principalTotalPurchaseSale>
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        <hasLineOfCredit>N</hasLineOfCredit>
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        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
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        <sharesOutstandings>
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        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4(f)(17 CFR 270.18f-4(f))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Viking Fund Management, LLC</investmentAdviserName>
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            <investmentAdviserStateCountry investmentAdviserState="US-ND" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Integrity Fund Services, LLC</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-ND" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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          <pricingService>
            <pricingServiceName>Integrity Fund Services, LLC</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-ND" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>Y</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
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          <custodian>
            <custodianName>UMB Bank N.A</custodianName>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Integrity Fund Services, LLC</shareholderServiceAgentName>
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            <shareholderServiceIdNumberDesc>N/A</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-ND" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Integrity Fund Services, LLC</adminName>
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            <idNumberDesc>N/A</idNumberDesc>
            <adminStateCountry adminState="US-ND" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Integrity Funds Distributor, LLC</brokerDealerName>
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            <brokerDealerStateCountry brokerDealerState="US-ND" brokerDealerCountry="US"/>
            <brokerDealerCommission>0</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <aggregateCommission>0</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>D. A. Davidson &amp; Co.</principalName>
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            <principalName>Colliers Securities LLC</principalName>
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            <principalStateCountry principalState="US-MN" principalCountry="US"/>
            <principalTotalPurchaseSale>2480850</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Robert W. Baird Company Inc</principalName>
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            <principalStateCountry principalState="US-WI" principalCountry="US"/>
            <principalTotalPurchaseSale>1889208</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>The Baker Group, LP</principalName>
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            <principalLei>549300VHAIOCBS2V5T12</principalLei>
            <principalStateCountry principalState="US-OK" principalCountry="US"/>
            <principalTotalPurchaseSale>644503</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>12355580</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>18168922</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="Viking Mutual Funds" signedDate="2025-10-09" signature="Shelly Nahrstedt" title="Treasurer"/>
  </formData>
</edgarSubmission>
