At least eighty percent (80%) of the fund will be invested in securities issued by the U.S. government or its agencies or instrumentalities, with the remainder of the fund invested in bank accounts fully insured by the FDIC or collateralized by bonds issued by the U.S. government or its agencies or U.S. Treasury or Agency Notes and Bills. The nominal maturity of it will normally range between 3-10 years.

Nasdaq

DPIGX

The fund seeks to provide a steady flow of tax-exempt income derived from Alabama municipal securities of investment grade quality (those rated BBB or Baa or higher by U.S. nationally recognized rating services at the time of purchase) with a weighted average nominal maturity normally greater than 10 years.

DUALX

The fund seeks to provide a steady flow of tax-exempt income derived from Mississippi municipal securities of investment grade quality (those rated BBB or Baa or higher by U.S. nationally recognized rating services at the time of purchase) with a weighted average nominal maturity normally 10 years or greater. It is non-diversified.

DUMSX

The fund seeks to provide a steady flow of taxable income derived from taxable municipal securities of investment grade quality (those rated BBB or Baa or higher by U.S. nationally recognized rating services at the time of purchase) with a weighted average nominal maturity normally greater than 10 years. The fund generally purchases taxable municipal bonds with nominal maturities typically ranging from 10-30 years.

DUTMX

The fund seeks to provide a steady flow of tax-exempt income derived from Kentucky municipal securities of investment grade quality (those rated BBB or Baa or higher by U.S. nationally recognized rating services at the time of purchase) with a weighted average nominal maturity normally ranging from 2-7 years.

KYSMX

The fund seeks to provide a steady flow of tax-exempt income derived from Kentucky municipal securities of investment grade quality (those rated BBB or Baa or higher by U.S. nationally recognized rating services at the time of purchase) with a weighted average nominal maturity normally greater than 10 years. The interest earned on these securities, in the opinion of bond counsel for the issuer, is exempt from federal and state taxation in the state of Kentucky.

KYTFX

The fund seeks to provide a steady flow of tax-exempt income derived from North Carolina municipal securities of investment grade quality (those rated BBB or Baa or higher by U.S. nationally recognized rating services at the time of purchase) with a weighted average nominal maturity normally greater than 10 years.

NTFIX

The fund's assets will be invested so that at least 80% of the income will be exempt from Federal and North Carolina income taxes or it will have at least 80% of its net assets invested in securities exempt from Federal and North Carolina income taxes.

NTSMX

The fund's assets will be invested so that at least 80% of the income will be exempt from Federal and Tennessee income taxes or it will have at least 80% of its net assets invested in securities exempt from Federal and Tennessee income taxes.

TNTIX

The fund's assets will be invested so that at least 80% of the income will be exempt from Federal and Tennessee income taxes or it will have at least 80% of its net assets invested in securities exempt from Federal and Tennessee income taxes. It is non-diversified.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
DPIGX	Dupree Intermediate Government Bond Series	Government Bonds	Jul 13, 1992	0.70%	0.87%	1.70%	3.16%
DUALX	Dupree Alabama Tax Free Income Series Fund	Municipal Bonds	Dec 30, 1999	0.70%	-0.70%	2.28%	3.83%
DUMSX	Dupree Mississippi Tax-Free Income Series	Municipal Bonds	Dec 30, 1999	0.70%	-0.62%	2.07%	3.89%
DUTMX	Dupree Taxable Municipal Bond Fund	Intermediate Core Bond	Nov 1, 2010	1.00%	-0.78%	0.90%	4.48%
KYSMX	Dupree Kentucky Tax-Free Short-To-Medium Series	Municipal Bonds	Sep 14, 1987	0.70%	-0.49%	1.20%	1.95%
KYTFX	Dupree Kentucky Tax Free Income Series Fund	Municipal Bonds	Jul 2, 1979	0.56%	-0.49%	2.11%	3.99%
NTFIX	Dupree North Carolina Tax-Free Income Series	Municipal Bonds	Nov 14, 1995	0.68%	-0.29%	2.00%	3.63%
NTSMX	Dupree Mutual Fund North Carolina Tax-Free Short-T...	Municipal Bonds	Nov 14, 1995	0.70%	-0.53%	0.94%	1.87%
TNTIX	Dupree Tennessee Tax Free Income Series Fund	Municipal Bonds	Dec 14, 1993	0.70%	-0.27%	2.05%	3.83%
TTSMX	Dupree Tennessee Tax-Free Short-To-Medium Series	Municipal Bonds	Oct 31, 1994	0.70%	-0.48%	1.02%	1.76%

Dupree Mutual Funds List

Risk vs. Return Scatterplot