# EDGAR Filing Document

**Accession Number:** 0000311101
**File Stem:** 0001145549-23-004809
**Filing Date:** 2023-1
**Character Count:** 32422
**Document Hash:** 40a832958d6b2320dd980935ed5f898a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004809.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001145549-23-004809

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DUPREE MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0000311101
- **IRS NUMBER:** 610954630
- **STATE OF INCORPORATION:** KY
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02918
- **FILM NUMBER:** 23570846

**BUSINESS ADDRESS:**
- **STREET 1:** 125 S MILL
- **STREET 2:** P O BOX 1149
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40507
- **BUSINESS PHONE:** 8592547741

**MAIL ADDRESS:**
- **STREET 1:** 125 SOUTH MILL STREET VINCE CENTER
- **STREET 2:** SUITE 100
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40507

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KENTUCKY TAX FREE INCOME FUND INC
- **DATE OF NAME CHANGE:** 19870716

## Series and Classes Contracts Data

### Tennessee Tax-Free Income Series (Series ID: S000012004)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000032732 | Tennessee Tax-Free Income Series | TNTIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-02918

- **c. CIK number of Registrant:** 0000311101

- **d. LEI of Registrant:** 549300S8YVGTJ1NMTW57

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

  - **Street Address 1:** 125 South Mill Street

  - **City:** Lexington

  - **State:** KY

  - **Foreign country:** US

  - **Zip / Postal Code:** 40507

  - **Telephone number:** 859-254-7741

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

- **a. Name of Series:** Tennessee Tax-Free Income Series

- **b. EDGAR series identifier (if any):** S000012004

- **c. LEI of Series:** 549300OJ7QYEHSBVZ852

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $63868246.49

**Total Liabilities:** $449605.46

**Net Assets:** $63418641.03

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 260.151675237024 | **1-Year:** 4590.960318023020 | **5-Year:** 14944.828446644501 | **10-Year:** 7333.992194876640 | **30-Year:** 4474.745204825404

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032732 | -0.66%               | 4.16%                | 0.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-552338.98                                |
| Month 2  | $-106326.87              | $2548211.01                                |
| Month 3  | $-55494.31               | $51107.32                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WILSON CNTY TENN TENTH SPL SCH DIST                          | TN WILSCD 4 04/01/2037 | CUSIP: 972183KV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201202.00    | 0.32%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILSON CNTY TENN TENTH SPL SCH DIST                          | TN WILSCD 4 04/01/2039 | CUSIP: 972183KX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $544137.00    | 0.86%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GERMANTOWN TENN                                              | TN GER 3 12/01/2050    | CUSIP: 374090XF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $316043.25    | 0.50%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEM 4 06/01/2041    | CUSIP: 586145T87<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1121388.80   | 1.77%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN             | TN MET 4 07/01/2033    | CUSIP: 592112SR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1523949.00   | 2.40%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN             | TN MET 4 07/01/2034    | CUSIP: 592112SS6<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515165.00    | 0.81%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN             | TN MET 4 07/01/2036    | CUSIP: 592112TN6<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507155.00    | 0.80%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST                                                 | TN TNS 5 02/01/2036    | CUSIP: 880541YX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1647930.00   | 2.60%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN TENN                                                | TN FRAUTL 5 04/01/2024 | CUSIP: 354780DT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $770700.00    | 1.22%             | 2024-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMBLEN CNTY TENN                                            | TN HMB 4 05/01/2039    | CUSIP: 406540TQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1241050.00   | 1.96%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLOUNT CNTY TENN                                             | TN BLO 5 06/01/2037    | CUSIP: 095167TJ1<br>LEI: 54930071RP1NB2WPW616 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052530.00   | 1.66%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSON TENN                                                 | TN JAC 4 06/01/2037    | CUSIP: 468736PV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $410949.45    | 0.65%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEM 5 04/01/2033    | CUSIP: 586145M35<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256745.00    | 0.40%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEM 5 04/01/2035    | CUSIP: 586145M50<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256745.00    | 0.40%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEM 5 04/01/2040    | CUSIP: 586145M68<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513490.00    | 0.81%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COFFEE CNTY TENN                                             | TN COF 4 06/01/2037    | CUSIP: 192162WP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503085.00    | 0.79%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COFFEE CNTY TENN                                             | TN COF 4 06/01/2041    | CUSIP: 192162WT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $602640.00    | 0.95%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN TENN SPL SCH DIST                                   | TN FRASCD 5 06/01/2039 | CUSIP: 354771RZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $270640.00    | 0.43%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON CITY TENN                                            | TN JOH 4 06/01/2036    | CUSIP: 478251PW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1172827.50   | 1.85%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY TENN                                         | TN MON 4 04/01/2036    | CUSIP: 61366ABX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $263746.60    | 0.42%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY TENN                                         | TN MON 4 04/01/2037    | CUSIP: 61366ABY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1939372.80   | 3.06%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN                                             | TN SHE 5 04/01/2037    | CUSIP: 821686T69<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    500000 | PA      | $534675.00    | 0.84%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILSON CNTY TENN                                             | TN WIL 4 04/01/2039    | CUSIP: 97217PNS4<br>LEI: 549300N6BIU7YJ1ESV95 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1502639.45   | 2.37%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL TENN ELEC                                            | TN BRIPWR 5 09/01/2038 | CUSIP: 110223CL6<br>LEI: 549300Y7D0MWFOH48F15 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1547143.00   | 2.44%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALLATIN TENN                                                | TN GALUTL 5 01/01/2032 | CUSIP: 363786CW2<br>LEI: 549300CNOEG3TSMJLA27 | Long             | DBT              | MUN               | US        |    235000 | PA      | $246077.90    | 0.39%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEM 5 04/01/2031    | CUSIP: 586145D50<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    800000 | PA      | $823080.00    | 1.30%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEM 5 04/01/2034    | CUSIP: 586145D84<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514425.00    | 0.81%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEM 5 04/01/2039    | CUSIP: 586145D92<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257212.50    | 0.41%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEMPWR 5 12/01/2031 | CUSIP: 586158NM5<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    225000 | PA      | $234783.00    | 0.37%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEMPWR 5 12/01/2034 | CUSIP: 586158NQ6<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1304350.00   | 2.06%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN SPORTS AUTH | TN METFAC 5 08/01/2031 | CUSIP: 592090FE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518495.00   | 2.39%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN SPORTS AUTH | TN METFAC 5 08/01/2038 | CUSIP: 592090FG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $764309.15    | 1.21%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN             | TN METUTL 5 07/01/2030 | CUSIP: 592098M46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3284320.00   | 5.18%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN             | TN METUTL 5 07/01/2040 | CUSIP: 592098N29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $757920.00    | 1.20%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD                   | TN SHEMED 5 08/01/2040 | CUSIP: 821697N54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $668050.50    | 1.05%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST SCH BD AUTH                                     | TN TNSHGR 5 11/01/2040 | CUSIP: 880558HW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2132040.00   | 3.36%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN NASHVILLE ARPT AUTH TENN                        | TN MNVAPT 5 07/01/2034 | CUSIP: 592190LT7<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    800000 | PA      | $835744.00    | 1.32%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN NASHVILLE ARPT AUTH TENN                        | TN MNVAPT 5 07/01/2035 | CUSIP: 592190LU4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260130.00    | 0.41%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN NASHVILLE ARPT AUTH TENN                        | TN MNVAPT 5 07/01/2040 | CUSIP: 592190LV2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1189313.20   | 1.88%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOX CNTY TENN HEALTH EDL & HSG FACS BRD                     | TN KNOMED 4 11/15/2048 | CUSIP: 499527DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $804969.00    | 1.27%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON CNTY TENN H & E FACS BRD       | TN METHGR 5 07/01/2035 | CUSIP: 592041WF0<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589225.00   | 4.08%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON CNTY TENN H & E FACS BRD       | TN METHGR 5 07/01/2040 | CUSIP: 592041WG8<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    950000 | PA      | $970168.50    | 1.53%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD                   | TN SHEMED 5 05/01/2035 | CUSIP: 821697S75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526000.00    | 0.83%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD                   | TN SHEMED 5 05/01/2036 | CUSIP: 821697S83<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1602309.75   | 2.53%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TENN                                             | TN CHAPWR 5 09/01/2035 | CUSIP: 162393FU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262200.00    | 0.41%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TENN                                             | TN CHAPWR 5 09/01/2040 | CUSIP: 162393FV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2411234.25   | 3.80%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARKSVILLE TENN                                             | TN CLAPWR 4 09/01/2034 | CUSIP: 182494HW7<br>LEI: 5493000GGEJLABLR8E68 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514140.00    | 0.81%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARKSVILLE TENN                                             | TN CLAWTR 4 02/01/2036 | CUSIP: 182618MR6<br>LEI: 5493000GGEJLABLR8E68 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1493939.00   | 2.36%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARKSVILLE TENN                                             | TN CLAWTR 4 02/01/2038 | CUSIP: 182618MT2<br>LEI: 5493000GGEJLABLR8E68 | Long             | DBT              | MUN               | US        |    820000 | PA      | $820721.60    | 1.29%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN TENN                                                | TN FRAUTL 4 02/01/2036 | CUSIP: 354783AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253477.50    | 0.40%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HALLSDALE-POWELL UTIL DIST KNOX CNTY TENN                    | TN HLPUTL 4 04/01/2035 | CUSIP: 406313NF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $320080.95    | 0.50%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HALLSDALE-POWELL UTIL DIST KNOX CNTY TENN                    | TN HLPUTL 4 04/01/2038 | CUSIP: 406313NG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002980.00   | 1.58%             | 2038-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HALLSDALE-POWELL UTIL DIST KNOX CNTY TENN                    | TN HLPUTL 3 04/01/2043 | CUSIP: 406313QB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $655544.00    | 1.03%             | 2043-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HARPETH VY UTILS DIST TENN                                   | TN HPVUTL 5 09/01/2034 | CUSIP: 413581ME6<br>LEI: 549300J843AGEC2L3Y44 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519215.00    | 0.82%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARPETH VY UTILS DIST TENN                                   | TN HPVUTL 4 09/01/2045 | CUSIP: 413581PN3<br>LEI: 549300J843AGEC2L3Y44 | Long             | DBT              | MUN               | US        |    150000 | PA      | $142473.00    | 0.22%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARPETH VY UTILS DIST TENN                                   | TN HPVUTL 4 09/01/2039 | CUSIP: 413581QG7<br>LEI: 549300J843AGEC2L3Y44 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500775.00    | 0.79%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KNOX CHAPMAN TENN UTIL DIST                                  | TN KNOWTR 5 01/01/2031 | CUSIP: 499291ET5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261435.00    | 0.41%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOX CHAPMAN TENN UTIL DIST                                  | TN KNOWTR 5 01/01/2033 | CUSIP: 499291EU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260987.50    | 0.41%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE TENN                                               | TN KXVPWR 4 07/01/2041 | CUSIP: 499746P82<br>LEI: 5493002KM0TCCHHCDT47 | Long             | DBT              | MUN               | US        |    750000 | PA      | $740340.00    | 1.17%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEMUTL 4 12/01/2034 | CUSIP: 58616PAT5<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    775000 | PA      | $793057.50    | 1.25%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEMUTL 4 12/01/2036 | CUSIP: 58616PBQ0<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    800000 | PA      | $810328.00    | 1.28%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                 | TN MEMUTL 4 12/01/2037 | CUSIP: 58616PBR8<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1319274.80   | 2.08%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN             | TN METPWR 5 05/15/2036 | CUSIP: 592030B66<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513285.00    | 0.81%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN             | TN METPWR 5 05/15/2039 | CUSIP: 592030B90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510775.00    | 0.81%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN             | TN METUTL 5 07/01/2037 | CUSIP: 592098T23<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $267865.00    | 0.42%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND TENN                                                | TN PORUTL 4 04/01/2040 | CUSIP: 736806BW9<br>LEI: 549300BJVHTFMLXPSJ79 | Long             | DBT              | MUN               | US        |    750000 | PA      | $721867.50    | 1.14%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WATAUGA RIV REGL WTR AUTH                                    | TN WTAWTR 4 07/01/2037 | CUSIP: 94109RAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $272103.30    | 0.43%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST WILSON UTIL DIST TENN                                   | TN WWNWTR 5 06/01/2042 | CUSIP: 956876LG9<br>LEI: 549300WPXZ57G71KKH88 | Long             | DBT              | MUN               | US        |    500000 | PA      | $552120.00    | 0.87%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TENN                                         | TN WMNUTL 4 09/01/2041 | CUSIP: 969873BY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493500.00    | 0.78%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS-SHELBY CNTY TENN INDL DEV BRD                        | TN MEMDEV 5 11/01/2030 | CUSIP: 586108AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1342250.00   | 2.12%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN             | TN METFAC 5 07/01/2026 | CUSIP: 592125AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $630390.60    | 0.99%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD                   | TN SHEMED 4 08/01/2036 | CUSIP: 821697V48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $929687.60    | 1.47%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD                   | TN SHEMED 4 08/01/2037 | CUSIP: 821697V55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1032791.30   | 1.63%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD                   | TN SHEMED 4 08/01/2040 | CUSIP: 821697V63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $864088.75    | 1.36%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** Dupree Mutual Funds

**Signature:** Michelle Dragoo

**Name of Signer:** Michelle Dragoo

**Title:** Treasurer