Dupree Mississippi Tax-Free Income Series
DUMSX
NASDAQ11.12
USD
- -
- -
CIK
0000311101
ISIN
US2661558781
CUSIP
266155878
Return %
Stock
S&P500
1Y
3.44
19.01
3Y
0.36
65.48
5Y
-10.39
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- LEXINGTON KY 40507 Austin TX United States of America 78746
- IPO Date
- Dec 31, 1999
- CIK
- 0000311101
- Website
- us.dimensional.com
- Similar Companies
- Business
- Dupree Mutual Fund Mississippi Tax-Free Income Fund (DUMSX) is a no-load, open-end mutual fund that seeks to provide a steady flow of tax-exempt income to Mississippi residents through investments in investment-grade Mississippi municipal bonds rated BBB or Baa or higher, with a weighted average nominal maturity normally of 10 years or greater; the fund holds a diversified portfolio of tax-free bonds issued in the state of Mississippi, selected for attractive yields without undue risk to principal, and remains 100% free from federal alternative minimum tax (AMT). As part of Dupree Mutual Funds, managed by Dupree & Company, Inc., it features a net annual operating expense ratio of 0.70%, no front-end load, redemption fee or 12b-1 fee, a minimum initial investment of $500, and daily liquidity at net asset value (NAV), with total assets of approximately $4.36 million as of late 2025. The fund operates within the municipal single-state intermediate category, targeting high credit quality bonds with moderate interest-rate sensitivity, and maintains an average effective maturity of about 4.42 years and duration of 5.06 years. Dupree & Company, Inc., founded in 1941 as a family-owned securities brokerage in Harlan, Kentucky, and relocated to Lexington in 1963, serves as the investment adviser and pioneered single-state municipal bond funds starting with the Kentucky Tax-Free Income Fund in 1979; the firm now manages a family of eight state-specific tax-free municipal bond funds covering Alabama, Kentucky, Mississippi, North Carolina and Tennessee, alongside a taxable U.S. Government bond fund and a taxable municipal bond fund. Headquartered at 125 S Mill Street, PO Box 1149, Lexington, Kentucky, Dupree Mutual Funds focuses on essential infrastructure projects serving local and regional communities, primarily for individual investors seeking tax-advantaged income. In recent developments, the fund reported a Morningstar Rating as of October 31, 2025, alongside updated performance metrics including a 30-day SEC yield of 3.02% and NAV per share of $11.05 within a 52-week range of $10.35 to $11.10; gross annual operating expenses stood at 1.13% for the 12 months ended June 30, 2025. No major acquisitions, partnerships, funding rounds, new product launches or strategic reorganizations specific to DUMSX or Dupree Mutual Funds have been announced in the last 1-2 years, with the firm maintaining its focus on active management of high-grade municipal portfolios amid municipal bond market challenges noted in mid-2025 shareholder communications. The fund remains non-diversified and domiciled in the United States, available for sale exclusively to U.S. investors.