# EDGAR Filing Document

**Accession Number:** 0000311101
**File Stem:** 0001193125-26-019056
**Filing Date:** 2026-1
**Character Count:** 12080
**Document Hash:** fa8acddc7f99addd8484a4453304d5a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-019056.hdr.sgml**: 20260122

**ACCESSION NUMBER**: 0001193125-26-019056

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260122

**DATE AS OF CHANGE**: 20260122

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DUPREE MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0000311101

**ORGANIZATION NAME:**
- **EIN:** 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:** 26550355

**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

### Taxable Municipal Bond Series (Series ID: S000030335)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000093320 | Taxable Municipal Bond Series | DUTMX           |

## 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:** Taxable Municipal Bond Series

- **b. EDGAR series identifier (if any):** S000030335

- **c. LEI of Series:** 549300QZJNRF9P13HG37

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $3332536.33

**Total Liabilities:** $13511.64

**Net Assets:** $3319024.69

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2.771981923200 | **1-Year:** 0.000000000000 | **5-Year:** 561.286278120239 | **10-Year:** 1686.814622191547 | **30-Year:** 233.223338117671

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

- **3-Month:** 0.727741335872 | **1-Year:** 0.083170438385 | **5-Year:** 0.000000000000 | **10-Year:** 16.492505791614 | **30-Year:** 26.687227908729

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000093320 | 0.92%                | 0.48%                | -0.58%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $18812.51                                  |
| Month 2  | $0.00                    | $1817.91                                   |
| Month 3  | $-7962.89                | $-22588.22                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INDIANA ST HSG & CMNTY DEV AUTH                  | IN INSSFH 5.94 07/01/2049 | CUSIP: 45505T6A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125480.00    | 3.78%             | 2049-07-01      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                             | FL FLSSFH 6.19 07/01/2050 | CUSIP: 34074NDL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127401.25    | 3.84%             | 2050-07-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                         | MN MNSHSG 5.92 07/01/2044 | CUSIP: 60416UEP6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151582.50    | 4.57%             | 2044-07-01      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| KENTUCKY HSG CORP                                | KY KYSSFH 5.81 07/01/2040 | CUSIP: 491309NL0<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    170000 | PA      | $176332.50    | 5.31%             | 2040-07-01      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA                              | FL MIAGEN 7.5 04/01/2040  | CUSIP: 59333NSW4<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    200000 | PA      | $234778.00    | 7.07%             | 2040-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CONVENTION CTR AUTH R I                          | RI RISFAC 6.06 05/15/2035 | CUSIP: 212474GG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $76094.20     | 2.29%             | 2035-05-15      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| MIDLAND CNTY TEX HOSP DIST                       | TX MIDMED 6.44 05/15/2039 | CUSIP: 597502BK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $202771.10    | 6.11%             | 2039-05-15      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| WACO TEX                                         | TX WAC 5.49 02/01/2044    | CUSIP: 929831ZQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126605.00    | 3.81%             | 2044-02-01      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| TRI CITIES TENN ARPT AUTH                        | TN TRAAPT 3.62 05/01/2038 | CUSIP: 89535CBZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $88297.00     | 2.66%             | 2038-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY ALA CMNTY COOP DIST              | AL MONDEV 2.81 11/01/2049 | CUSIP: 61320AAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $47989.50     | 1.45%             | 2049-11-01      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY TENN                              | TN JEF 6.62 06/01/2040    | CUSIP: 473484LF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210000.00    | 6.33%             | 2040-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRI CITIES TENN ARPT AUTH                        | TN TRAAPT 3.62 05/01/2038 | CUSIP: 89535CBJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25011.00     | 0.75%             | 2038-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| KENTUCKY RURAL WTR FIN CORP                      | KY KYSWTR 3 08/01/2050    | CUSIP: 49140NGT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $166550.00    | 5.02%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN | TN METUTL 6.69 07/01/2041 | CUSIP: 592098G68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $225120.00    | 6.78%             | 2041-07-01      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST MUN PWR AUTH                         | OK OKSPWR 6.31 01/01/2040 | CUSIP: 67910HMS6<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |     95000 | PA      | $103416.05    | 3.12%             | 2040-01-01      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN | TN METFAC 7.43 07/01/2043 | CUSIP: 592125AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $213455.50    | 6.43%             | 2043-07-01      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                             | FL FLSSFH 6.19 07/01/2050 | CUSIP: 34074NDL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152035.50    | 4.58%             | 2050-07-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG & ECONOMIC DEV AUTH                | WI WISGEN 6.04 09/01/2045 | CUSIP: 97689QYG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25349.50     | 0.76%             | 2045-09-01      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| WASHOE CNTY NEV                                  | NV WASTRN 7.97 02/01/2040 | CUSIP: 940839BM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $332788.40    | 10.03%            | 2040-02-01      | Fixed         | 7.97%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG & ECONOMIC DEV AUTH                | WI WISGEN 6.04 09/01/2045 | CUSIP: 97689QYG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $94183.40     | 2.84%             | 2045-09-01      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST UNIV                                 | MI MISHGR 4.5 08/15/2048  | CUSIP: 594712UF6<br>LEI: 5493000C7JLSR3TV6F07 | Long             | DBT              | MUN               | US        |    300000 | PA      | $271713.00    | 8.19%             | 2048-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-22

**Name of Applicant:** Dupree Mutual Funds

**Signature:** Michelle Dragoo

**Name of Signer:** Michelle Dragoo

**Title:** Treasurer