# EDGAR Filing Document

**Accession Number:** 0000311101
**File Stem:** 0001145549-25-046579
**Filing Date:** 2025-7
**Character Count:** 12079
**Document Hash:** 5c35b5ff35237a6ac0984464c9239d9d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-046579.hdr.sgml**: 20250718

**ACCESSION NUMBER**: 0001145549-25-046579

**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:** 251132914

**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:** 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:** $3421964.16

**Total Liabilities:** $45239.99

**Net Assets:** $3376724.17

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 8.829680665746 | **1-Year:** 0.000000000000 | **5-Year:** 229.887260288740 | **10-Year:** 1851.902821842480 | **30-Year:** 499.264414198686

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

- **3-Month:** 0.447710333240 | **1-Year:** 1.555976895851 | **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 C000093320 | -0.70%               | -0.97%               | 1.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $305.45                  | $-34837.96                                 |
| Month 2  | $0.00                    | $-50578.23                                 |
| Month 3  | $-0.52                   | $54835.17                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 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      | $46704.00     | 1.38%             | 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      | $210018.90    | 6.22%             | 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      | $24859.50     | 0.74%             | 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      | $160730.00    | 4.76%             | 2050-08-01      | Fixed         | 3.00%                 | 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      | $124532.50    | 3.69%             | 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      | $86055.00     | 2.55%             | 2038-05-01      | Fixed         | 3.62%                 | 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      | $220224.00    | 6.52%             | 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      | $101931.20    | 3.02%             | 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      | $215156.00    | 6.37%             | 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      | $153001.50    | 4.53%             | 2050-07-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| 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      | $125346.25    | 3.71%             | 2049-07-01      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| KENTUCKY HSG CORP                                | KY KYSSFH 5.81 07/01/2040 | CUSIP: 491309NL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126401.25    | 3.74%             | 2040-07-01      | Fixed         | 5.81%                 | 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      | $150495.00    | 4.46%             | 2044-07-01      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                       | NC NCSHSG 6.13 07/01/2043 | CUSIP: 6582073B9<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    175000 | PA      | $179681.25    | 5.32%             | 2043-07-01      | Fixed         | 6.13%                 | 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      | $25247.75     | 0.75%             | 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      | $334286.40    | 9.90%             | 2040-02-01      | Fixed         | 7.97%                 | No            |                  2 | On Loan: No      |
| MESA ST COLLEGE COLO AUXILIARY FACS ENTERPRISE   | CO MESHGR 6.75 05/15/2042 | CUSIP: 59067ACX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $93961.55     | 2.78%             | 2042-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST UNIV                                 | MI MISHGR 4.5 08/15/2048  | CUSIP: 594712UF6<br>LEI: 5493000C7JLSR3TV6F07 | Long             | DBT              | MUN               | US        |    375000 | PA      | $332321.25    | 9.84%             | 2048-08-15      | Fixed         | 4.50%                 | 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      | $232940.00    | 6.90%             | 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      | $75893.30     | 2.25%             | 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      | $199652.00    | 5.91%             | 2039-05-15      | Fixed         | 6.44%                 | 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