# EDGAR Filing Document

**Accession Number:** 0000311101
**File Stem:** 0001145549-23-004800
**Filing Date:** 2023-1
**Character Count:** 24783
**Document Hash:** 590df55977b1a7ee398030affc98ab67
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004800.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001145549-23-004800

**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:** 23570831

**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

### Kentucky Tax-Free Short-to-Medium Series (Series ID: S000012000)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000032728 | Kentucky Tax-Free Short-to-Medium Series | KYSMX           |

## 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:** Kentucky Tax-Free Short-to-Medium Series

- **b. EDGAR series identifier (if any):** S000012000

- **c. LEI of Series:** 5493006TF05454RBY690

**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:** $41468995.88

**Total Liabilities:** $119069.87

**Net Assets:** $41349926.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 361.393588571009 | **1-Year:** 2741.246069416543 | **5-Year:** 5415.956012069967 | **10-Year:** 2341.566068291260 | **30-Year:** 0.000000000000

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

- **3-Month:** 4.434136220240 | **1-Year:** 35.916503383984 | **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 C000032728 | -0.05%               | 2.15%                | 0.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-101266.88                                |
| Month 2  | $-73414.21               | $890941.76                                 |
| Month 3  | $-3613.53                | $36684.13                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| KENTUCKY ST PPTY & BLDGS COMMN                       | KY KYSFAC 5 08/01/2028 | CUSIP: 49151FGH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $794207.15    | 1.92%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                       | KY KYSFAC 5 08/01/2023 | CUSIP: 49151FHF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $759112.50    | 1.84%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                       | KY KYSFAC 5 08/01/2023 | CUSIP: 49151FKY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1771052.50   | 4.28%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                       | KY KYSFAC 5 05/01/2030 | CUSIP: 49151FR69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $853380.00    | 2.06%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                       | KY KYSFAC 5 06/01/2029 | CUSIP: 49151FT83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118450.00   | 2.70%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST                                          | KY KYSCTF 4 06/15/2023 | CUSIP: 491449AG9<br>LEI: 549300F6MON81PRPVJ50 | Long             | DBT              | MUN               | US        |    940000 | PA      | $944700.00    | 2.28%             | 2023-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEXINGTON-FAYETTE URBAN CNTY KY GOVT PUB FACS CORP   | KY LEXFAC 5 10/01/2024 | CUSIP: 528906KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $723212.00    | 1.75%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TAYLOR CNTY KY PUB COURTHOUSE CORP FIRST MTG         | KY TAYGEN 4 09/01/2027 | CUSIP: 877024BG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $724129.00    | 1.75%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY KY JUSTICE CTR EXPANSION CORP            | KY WARGEN 5 09/01/2023 | CUSIP: 934870DV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267150.00   | 3.06%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                       | KY KYSFAC 5 11/01/2026 | CUSIP: 49151FNK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $595331.85    | 1.44%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST                                          | KY KYSCTF 4 06/15/2024 | CUSIP: 491449AH7<br>LEI: 549300F6MON81PRPVJ50 | Long             | DBT              | MUN               | US        |    300000 | PA      | $304632.00    | 0.74%             | 2024-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY KY                                       | KY WARMED 5 04/01/2023 | CUSIP: 934864AU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175981.75    | 0.43%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY                                         | KY HEN 4 06/01/2028    | CUSIP: 425074NP2<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    385000 | PA      | $404904.50    | 0.98%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY                                         | KY HEN 5 09/01/2029    | CUSIP: 425074MQ1<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    600000 | PA      | $681732.00    | 1.65%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOMERSET KY                                          | KY SOM 5 06/01/2028    | CUSIP: 834749DN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $671804.10    | 1.62%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOMERSET KY                                          | KY SOM 5 06/01/2029    | CUSIP: 834749DP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $427135.20    | 1.03%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOMERSET KY                                          | KY SOM 4 06/01/2030    | CUSIP: 834749DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $435841.30    | 1.05%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                       | KY KYSFAC 5 10/01/2024 | CUSIP: 49151FEK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $762277.50    | 1.84%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                       | KY KYSFAC 5 10/01/2025 | CUSIP: 49151FEL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1133263.70   | 2.74%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                       | KY KYSFAC 5 10/01/2026 | CUSIP: 49151FEM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016380.00   | 2.46%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTON CNTY KY ARPT BRD                              | KY KENAPT 5 01/01/2026 | CUSIP: 491026UN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531615.00    | 1.29%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY KY                                       | KY WARMED 5 04/01/2032 | CUSIP: 934864BJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1388400.00   | 3.36%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ASSN OF CNTYS FIN CORP                      | KY KYSGEN 4 02/01/2029 | CUSIP: 491197BW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $660857.40    | 1.60%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAMPBELL & KENTON CNTYS KY SANTN DIST NO 1           | KY CAMUTL 4 08/01/2031 | CUSIP: 134041JF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032710.00   | 2.50%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKFORT KY ELEC & WTR PLT BRD                      | KY FRAPWR 4 12/01/2023 | CUSIP: 352280DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $444232.80    | 1.07%             | 2023-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY RURAL WTR FIN CORP                          | KY KYSWTR 5 08/01/2029 | CUSIP: 49140NJH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $663740.35    | 1.61%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN KY WTR DIST                                 | KY NKYWTR 5 02/01/2026 | CUSIP: 665306LK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $825668.35    | 2.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY BD DEV CORP                                 | KY KYSGEN 5 09/01/2026 | CUSIP: 491214BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061810.00   | 2.57%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAUREL CNTY KY JUDICIAL CTR PUB PPTYS CORP FIRST MTG | KY LAUFAC 5 03/01/2023 | CUSIP: 51864LAY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $601950.00    | 1.46%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIVINGSTON CNTY KY PUB PPTYS CORP                    | KY LVGGEN 5 08/01/2024 | CUSIP: 53861LBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $571533.45    | 1.38%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVER CITY INC KY                                    | KY PKRTRN 5 12/01/2024 | CUSIP: 76804ACS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $354069.20    | 0.86%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANDERSON CNTY KY SCH DIST FIN CORP                   | KY ANDEDU 3 02/01/2029 | CUSIP: 033678PK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501140.00    | 1.21%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BARREN CNTY KY SCH DIST FIN CORP                     | KY BRREDU 5 08/01/2023 | CUSIP: 068461RP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505665.00    | 1.22%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOWLING GREEN KY INDPT SCH DIST FIN CORP             | KY BOWEDU 5 08/01/2027 | CUSIP: 102669KQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $743615.25    | 1.80%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY KY SCH DIST FIN CORP                    | KY FAYEDU 5 08/01/2023 | CUSIP: 312432D53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013140.00   | 2.45%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY KY SCH DIST FIN CORP                    | KY FAYEDU 5 06/01/2023 | CUSIP: 312432XW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504850.00    | 1.22%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARDIN CNTY KY SCH DIST FIN CORP                     | KY HAREDU 5 03/01/2023 | CUSIP: 411873UW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $772779.70    | 1.87%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY KY SCH DIST FIN CORP                  | KY JEFEDU 4 12/01/2023 | CUSIP: 4729044Q1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505080.00    | 1.22%             | 2023-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY KY SCH DIST FIN CORP                  | KY JEFEDU 4 06/01/2030 | CUSIP: 47309QBG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1286794.65   | 3.11%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JESSAMINE CNTY KY SCH DIST FIN CORP                  | KY JESEDU 5 02/01/2023 | CUSIP: 47689RUE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $576081.00    | 1.39%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAUREL CNTY KY SCH DIST FIN CORP                     | KY LAUEDU 4 06/01/2024 | CUSIP: 518651TY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $471663.45    | 1.14%             | 2024-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PIKE CNTY KY SCH DIST FIN CORP                       | KY PIKEDU 5 02/01/2025 | CUSIP: 721174M49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $937971.00    | 2.27%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIKE CNTY KY SCH DIST FIN CORP                       | KY PIKEDU 4 02/01/2028 | CUSIP: 721174M72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $304242.35    | 0.74%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PIKE CNTY KY SCH DIST FIN CORP                       | KY PIKEDU 5 08/01/2024 | CUSIP: 721174P79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257997.50    | 0.62%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIKE CNTY KY SCH DIST FIN CORP                       | KY PIKEDU 5 08/01/2025 | CUSIP: 721174P87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210438.00    | 0.51%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ASSET / LIABILITY COMMN                     | KY KSYGEN 4 09/01/2023 | CUSIP: 49118NDW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251935.00    | 0.61%             | 2023-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ASSET / LIABILITY COMMN                     | KY KSYGEN 5 09/01/2026 | CUSIP: 49118NER2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $584831.50    | 1.41%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ASSET / LIABILITY COMMN                     | KY KSYGEN 5 09/01/2024 | CUSIP: 49118NFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518050.00    | 1.25%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST TPK AUTH                                 | KY KYSTRN 5 07/01/2024 | CUSIP: 491552J55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1211906.75   | 2.93%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST TPK AUTH                                 | KY KYSTRN 5 07/01/2026 | CUSIP: 491552Q73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1483598.15   | 3.59%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY BD DEV CORP                                 | KY KSYEDU 4 06/01/2030 | CUSIP: 49120ABB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $176975.10    | 0.43%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY KY GEN RCPTS                              | KY UKYHGR 4 04/01/2028 | CUSIP: 914378EL4<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $760425.00    | 1.84%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY LOUISVILLE KY                             | KY ULVHGR 5 03/01/2024 | CUSIP: 914391M79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $357241.50    | 0.86%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY LOUISVILLE KY                             | KY ULVHGR 5 03/01/2024 | CUSIP: 914391Q83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041380.00   | 4.94%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY LOUISVILLE KY                             | KY ULVHGR 4 09/01/2030 | CUSIP: 914391V61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $775962.20    | 1.88%             | 2030-09-01      | 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