# EDGAR Filing Document

**Accession Number:** 0000311101
**File Stem:** 0001145549-23-004801
**Filing Date:** 2023-1
**Character Count:** 18766
**Document Hash:** 00728845e95c062879c157c2c6d1cbcf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004801.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001145549-23-004801

**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:** 23570832

**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:** 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:** $7860449.04

**Total Liabilities:** $68388.67

**Net Assets:** $7792060.37

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 24.365158939517 | **1-Year:** 603.470290303542 | **5-Year:** 1512.246691420964 | **10-Year:** 834.565094523066 | **30-Year:** 421.714857267544

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

- **3-Month:** 3.162579043016 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 67.792751248158 | **30-Year:** 11.208632348041

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032729 | -0.54%               | 3.96%                | 0.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5734.13                | $-67885.46                                 |
| Month 2  | $-372917.68              | $677857.09                                 |
| Month 3  | $-179.41                 | $-5130.53                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 01/01/2025    | CUSIP: 60534TFD2<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208630.00    | 2.68%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 01/01/2029    | CUSIP: 60534WHC5<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    300000 | PA      | $325302.00    | 4.17%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 01/01/2030    | CUSIP: 60534WHD3<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    175000 | PA      | $181286.00    | 2.33%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST                          | MS MSS 3 06/01/2038       | CUSIP: 605581NW3<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    100000 | PA      | $88785.00     | 1.14%             | 2038-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST                          | MS MSS 4 10/01/2036       | CUSIP: 605581JU2<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    290000 | PA      | $295776.80    | 3.80%             | 2036-10-01      | Fixed         | 4.00%                 | 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      | $99542.00     | 1.28%             | 2038-06-01      | 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      | $110306.00    | 1.42%             | 2038-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 12/01/2033    | CUSIP: 60534TPD1<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50954.00     | 0.65%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4.75 12/01/2038 | CUSIP: 60534TTP0<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    700000 | PA      | $712096.00    | 9.14%             | 2038-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 11/01/2033    | CUSIP: 60534TZD0<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156189.00    | 2.00%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 04/01/2028    | CUSIP: 60534XFC5<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125635.00    | 1.61%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST                          | MS MSS 5 10/01/2033       | CUSIP: 605581JR9<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    150000 | PA      | $165921.00    | 2.13%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST UNIV EDL BLDG CORP       | MS MSUFAC 5.25 08/01/2038 | CUSIP: 605699LY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304254.00    | 3.90%             | 2038-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| S M EDL BLDG CORP REV MISS              | MS SMEEDU 5 03/01/2038    | CUSIP: 784532EU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301239.00    | 3.87%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDICAL CENTER BUILDING CORP MISS       | MS MDCEDU 5.5 12/01/2023  | CUSIP: 584556CF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20447.40     | 0.26%             | 2023-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MEDICAL CENTER BUILDING CORP MISS       | MS MDCEDU 5 06/01/2035    | CUSIP: 584556GE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107958.00    | 1.39%             | 2035-06-01      | 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      | $130040.00    | 1.67%             | 2035-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 6.88 12/01/2040 | CUSIP: 60534TQH1<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154219.50    | 1.98%             | 2040-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 05/01/2033    | CUSIP: 60534WUM8<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    150000 | PA      | $160138.50    | 2.06%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 07/01/2046    | CUSIP: 60534XJC1<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    175000 | PA      | $160956.25    | 2.07%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 08/01/2033    | CUSIP: 60534WDP0<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    300000 | PA      | $304704.00    | 3.91%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 08/01/2035    | CUSIP: 60534WDR6<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151695.00    | 1.95%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 11/01/2035    | CUSIP: 60534WRJ9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99104.00     | 1.27%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 12/01/2033    | CUSIP: 60534TL29<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106616.00    | 1.37%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI HOME CORP SINGLE FAMILY MTG | MS MSSSFH 3.95 12/01/2042 | CUSIP: 60535QZY9<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    100000 | PA      | $95863.00     | 1.23%             | 2042-12-01      | Fixed         | 3.95%                 | 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      | $138253.50    | 1.77%             | 2047-12-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 01/01/2030    | CUSIP: 60534TR23<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77731.50     | 1.00%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSON ST UNIV EDL BLDG CORP MISS      | MS JACEDU 5 03/01/2034    | CUSIP: 468714DU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $460693.20    | 5.91%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 4 03/01/2039    | CUSIP: 60534W5H7<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    225000 | PA      | $220005.00    | 2.82%             | 2039-03-01      | 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      | $307434.00    | 3.95%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                      | MS MSSDEV 5 10/01/2033    | CUSIP: 60534WZQ4<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138043.75    | 1.77%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST UNIV EDL BLDG CORP       | MS MSUFAC 5 11/01/2032    | CUSIP: 605699PG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132022.50    | 1.69%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST UNIV EDL BLDG CORP       | MS MSUFAC 5 08/01/2033    | CUSIP: 605699QM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $243540.00    | 3.13%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST UNIV EDL BLDG CORP       | MS MSUFAC 4 08/01/2036    | CUSIP: 605699RP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252080.00    | 3.24%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S M EDL BLDG CORP REV MISS              | MS SMEEDU 5 09/01/2033    | CUSIP: 784532GY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $384825.60    | 4.94%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MISS EDL BLDG CORP           | MS UMSHGR 5 10/01/2031    | CUSIP: 914476SS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $219967.05    | 2.82%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MISS EDL BLDG CORP           | MS UMSHGR 3 10/01/2034    | CUSIP: 914476VC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $188760.00    | 2.42%             | 2034-10-01      | Fixed         | 3.00%                 | 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      | $112210.00    | 1.44%             | 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      | $100397.00    | 1.29%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST                          | MS MSSGEN 5 10/15/2037    | CUSIP: 605638BQ7<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    125000 | PA      | $133126.25    | 1.71%             | 2037-10-15      | Fixed         | 5.00%                 | 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