Dupree Taxable Municipal Bond Fund (DUTMX)
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.
Fund Info
| ISIN | US2661558450 |
|---|---|
| Issuer | Dupree |
| Inception Date | Nov 1, 2010 |
| Category | Intermediate Core Bond |
| Min. Investment | $100 |
| Asset Class | Bond |
Expense Ratio
DUTMX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dupree Taxable Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Dupree Taxable Municipal Bond Fund had a return of -0.78% year-to-date (YTD) and 1.82% in the last 12 months. Over the past 10 years, Dupree Taxable Municipal Bond Fund had an annualized return of 0.90%, while the S&P 500 had an annualized return of 10.99%, indicating that Dupree Taxable Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.78% | 11.18% |
| 1 month | 1.77% | 5.60% |
| 6 months | 4.39% | 17.48% |
| 1 year | 1.82% | 26.33% |
| 5 years (annualized) | -2.51% | 13.16% |
| 10 years (annualized) | 0.90% | 10.99% |
Monthly Returns
The table below presents the monthly returns of DUTMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.25% | -0.99% | 1.20% | -3.37% | -0.78% | ||||||||
| 2023 | 4.75% | -1.88% | 2.26% | 0.89% | -0.68% | -0.04% | -1.22% | -0.30% | -3.42% | -1.73% | 4.83% | 3.97% | 7.26% |
| 2022 | -2.60% | -0.78% | -4.84% | -7.15% | -5.35% | -0.05% | 0.22% | -2.75% | -5.39% | -3.13% | 4.16% | -0.57% | -25.27% |
| 2021 | -0.51% | -1.51% | -1.83% | 1.95% | 0.44% | 1.61% | 1.49% | -0.06% | -1.22% | 0.92% | 0.81% | -1.21% | 0.78% |
| 2020 | 1.87% | 1.91% | -2.25% | 0.68% | 0.39% | 0.92% | 1.11% | -0.23% | 0.42% | -1.25% | 2.07% | -0.03% | 5.65% |
| 2019 | 0.34% | -0.11% | 1.52% | 0.21% | 2.19% | 0.69% | 0.21% | 2.63% | -0.87% | 0.01% | 0.10% | -0.38% | 6.68% |
| 2018 | -0.73% | -0.08% | 1.01% | -0.46% | 0.62% | 0.02% | -0.36% | 0.91% | -0.37% | -0.75% | 0.62% | 1.63% | 2.04% |
| 2017 | 0.24% | 1.05% | -0.15% | 0.50% | 0.89% | 0.21% | 0.22% | 0.89% | -0.26% | 0.41% | 0.31% | 0.71% | 5.13% |
| 2016 | 1.82% | 0.76% | 0.40% | 0.10% | 0.58% | 2.32% | 0.84% | 0.02% | 0.01% | -0.97% | -2.01% | -0.43% | 3.43% |
| 2015 | 2.15% | -1.44% | 0.55% | -0.61% | 0.32% | -1.84% | 1.55% | -0.06% | 0.86% | 0.12% | 0.40% | 0.13% | 2.06% |
| 2014 | 3.20% | 0.32% | 0.51% | 1.07% | 1.47% | 0.59% | 0.23% | 2.12% | -0.17% | 0.62% | 1.24% | 1.24% | 13.14% |
| 2013 | -0.36% | 1.79% | 0.74% | 2.03% | -2.76% | -2.76% | -0.74% | -0.26% | 0.52% | 0.91% | -0.45% | -0.35% | -1.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DUTMX is 4, indicating that it is in the bottom 4% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
DUTMX (Dupree Taxable Municipal Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dupree Taxable Municipal Bond Fund (DUTMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Dupree Taxable Municipal Bond Fund granted a 4.48% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.31 | $0.29 | $0.43 | $0.53 | $0.51 | $0.51 | $0.51 | $0.51 | $0.51 | $0.57 |
Dividend yield | 4.48% | 4.38% | 4.28% | 2.81% | 4.13% | 5.20% | 5.04% | 4.89% | 4.84% | 4.79% | 4.66% | 5.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Dupree Taxable Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.00 | $0.06 | $0.03 | $0.43 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.53 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2017 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.57 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Dupree Taxable Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Dupree Taxable Municipal Bond Fund was 30.53%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Dupree Taxable Municipal Bond Fund drawdown is 21.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.53% | Dec 6, 2021 | 223 | Oct 24, 2022 | — | — | — |
| -9.35% | Nov 10, 2010 | 25 | Dec 15, 2010 | 142 | Jul 11, 2011 | 167 |
| -8.47% | May 2, 2013 | 78 | Aug 21, 2013 | 194 | May 30, 2014 | 272 |
| -7.59% | Mar 10, 2020 | 11 | Mar 24, 2020 | 332 | Jul 19, 2021 | 343 |
| -4.55% | Jul 11, 2016 | 113 | Dec 16, 2016 | 177 | Aug 31, 2017 | 290 |
Volatility
Volatility Chart
The current Dupree Taxable Municipal Bond Fund volatility is 1.73%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.