# EDGAR Filing Document

**Accession Number:** 0000311101
**File Stem:** 0001145549-25-046583
**Filing Date:** 2025-7
**Character Count:** 15161
**Document Hash:** 45ebd405e8d64d00dc8843b9d0999d09
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-046583.hdr.sgml**: 20250718

**ACCESSION NUMBER**: 0001145549-25-046583

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250718

**DATE AS OF CHANGE**: 20250718

**PERIOD START**: 20250630

**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:** 251132918

**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

### Mississippi Tax-Free Income Series (Series ID: S000012001)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000032729 | Mississippi Tax-Free Income Series | DUMSX           |

## 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:** Mississippi Tax-Free Income Series

- **b. EDGAR series identifier (if any):** S000012001

- **c. LEI of Series:** 549300OXO4F6D3I1L078

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $4534909.27

**Total Liabilities:** $48982.62

**Net Assets:** $4485926.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 7.602963556360 | **1-Year:** 497.606810033333 | **5-Year:** 645.361107674833 | **10-Year:** 1779.842473743875 | **30-Year:** 492.661372970905

**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 C000032729 | -0.20%               | -0.19%               | 0.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-21114.14                                 |
| Month 2  | $0.00                    | $-25093.43                                 |
| Month 3  | $-1091.87                | $2153.71                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CANTON MISS PUB SCH DIST                | MS CANEDU 5.25 01/01/2045 | CUSIP: 138359CD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104488.00    | 2.33%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 09/01/2044    | CUSIP: 60534XQY5<br>LEI: OUG18NR543384L2ZB309 | Long             | DBT              | MUN               | US        |    125000 | PA      | $113575.00    | 2.53%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 06/01/2044    | CUSIP: 60534XVP8<br>LEI: OUG18NR543384L2ZB309 | Long             | DBT              | MUN               | US        |    225000 | PA      | $205132.50    | 4.57%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PEARL MISS                              | MS PEA 4.75 09/01/2038    | CUSIP: 704770QK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $160510.25    | 3.58%             | 2038-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 07/01/2048    | CUSIP: 60534WXL7<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    245000 | PA      | $245404.25    | 5.47%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 03/01/2037    | CUSIP: 60534XGJ9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97444.00     | 2.17%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 06/01/2037    | CUSIP: 60534WG77<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208658.00    | 4.65%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 06/01/2038    | CUSIP: 60534WG85<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96566.00     | 2.15%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 06/01/2040    | CUSIP: 60534WH27<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102714.00    | 2.29%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 06/01/2033    | CUSIP: 60534WKU1<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |     90000 | PA      | $90526.50     | 2.02%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5.5 03/01/2038  | CUSIP: 60534WQ76<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105276.00    | 2.35%             | 2038-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CANTON MISS PUB SCH DIST                | MS CANEDU 5.25 01/01/2045 | CUSIP: 138359CD4<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    200000 | PA      | $192200.00    | 4.28%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MEDICAL CENTER BUILDING CORP MISS       | MS MDCEDU 5 06/01/2042    | CUSIP: 584556FH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165892.65    | 3.70%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST                          | MS MSSGEN 5 10/15/2035    | CUSIP: 605638AV7<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125243.75    | 2.79%             | 2035-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 08/01/2027    | CUSIP: 60534WCA4<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207820.00    | 4.63%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 07/01/2037    | CUSIP: 60534WS74<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99059.00     | 2.21%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST                          | MS MSSGEN 5 10/01/2049    | CUSIP: 605606AX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101622.00    | 2.27%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 04/01/2039    | CUSIP: 60534XQC3<br>LEI: OUG18NR543384L2ZB309 | Long             | DBT              | MUN               | US        |    100000 | PA      | $95900.00     | 2.14%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI HOME CORP SINGLE FAMILY MTG | MS MSSSFH 4.4 12/01/2043  | CUSIP: 60535QD72<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    350000 | PA      | $335062.00    | 7.47%             | 2043-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST UNIV EDL BLDG CORP       | MS MSUFAC 4 08/01/2043    | CUSIP: 605699RW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $114557.50    | 2.55%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MISS EDL BLDG CORP           | MS UMSHGR 5 10/01/2036    | CUSIP: 914476VX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108000.00    | 2.41%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MISS EDL BLDG CORP           | MS UMSHGR 4 10/01/2037    | CUSIP: 914476VY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98660.00     | 2.20%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST                          | MS MSSGEN 4 10/01/2045    | CUSIP: 605606AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89585.00     | 2.00%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 08/01/2034    | CUSIP: 60534WDQ8<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200184.00    | 4.46%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MISS                        | MS WAR 6 09/01/2042       | CUSIP: 935019AU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110873.00    | 2.47%             | 2042-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MISS                        | MS WAR 6 09/01/2043       | CUSIP: 935019AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110946.00    | 2.47%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI HOME CORP SINGLE FAMILY MTG | MS MSSSFH 4.38 12/01/2044 | CUSIP: 60535QM72<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    150000 | PA      | $142546.50    | 3.18%             | 2044-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI HOME CORP SINGLE FAMILY MTG | MS MSSSFH 4.05 12/01/2047 | CUSIP: 60535QZZ6<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    150000 | PA      | $130914.00    | 2.92%             | 2047-12-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ALCORN ST UNIV EDL BLDG CORP MISS       | MS ALCHGR 4 09/01/2035    | CUSIP: 01407QCE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99253.00     | 2.21%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 12/01/2034    | CUSIP: 60534WFD5<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300486.00    | 6.70%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-18

**Name of Applicant:** Dupree Mutual Funds

**Signature:** Michelle Dragoo

**Name of Signer:** Michelle Dragoo

**Title:** Treasurer