Dupree Mutual Funds Tennessee Tax-Free Income Series
TNTIX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 125 S Mill Lexington KY United States of America 40507
- IPO Date
- Dec 15, 1993
- CIK
- 0000311101
- Website
- dupree-funds.com
- Similar Companies
- Business
- Dupree Mutual Funds Tennessee Tax-Free Income Series (TNTIX) is a no-load mutual fund that provides Tennessee residents with income exempt from both federal and Tennessee state income taxes through investments in a diversified portfolio of investment-grade municipal bonds issued by the state of Tennessee and its local governments; the fund is also 100% free from the federal alternative minimum tax (AMT). Core offerings focus on tax-exempt municipal securities selected for attractive yields while managing interest rate, credit, and principal risks, with key metrics including a net annual operating expense ratio of 0.70%, a 30-day SEC yield of 3.19%, average effective maturity of 4.33 years, and duration of 6.27 years as of late 2025. The fund maintains total assets under management of approximately $50 million, a minimum initial investment of $500, and no front-end loads, redemption fees, or 12b-1 fees, enabling daily purchases and redemptions at net asset value. Dupree Mutual Funds, the parent entity managing TNTIX, operates as a specialist in single-state, no-load, tax-free municipal bond funds serving residents of Alabama, Kentucky, Mississippi, North Carolina, and Tennessee; it also offers complementary products such as the Intermediate Government Bond Series (taxable U.S. government bonds) and the Taxable Municipal Bond Series. Founded in 1979 as part of Dupree & Company, Inc.—a family-owned firm established in 1941 in Harlan, Kentucky, and relocated to Lexington in 1963—the company is headquartered at 125 South Mill Street, Vine Center, Suite 100, Lexington, Kentucky 40507, and targets individual retail investors seeking stable, tax-advantaged income from essential public infrastructure projects. The funds emphasize high-quality, actively managed portfolios backed by direct issuer relationships, with professional management led by experts like Vincent Harrison since 1999. In recent developments, the fund has sustained steady performance amid municipal market challenges, reporting a 52-week NAV range of $9.75 to $10.61 and a Morningstar rating reflecting competitive risk-adjusted returns in the municipal single-state intermediate category as of November 30, 2025. Expense ratios remained stable at 0.70% net for the 12 months ended June 30, 2025, underscoring operational efficiency with no reported loads or fees. No major acquisitions, partnerships, funding rounds, or strategic shifts have been announced for Dupree Mutual Funds or TNTIX within the last 1-2 years, maintaining focus on core tax-free income strategies amid broader fixed-income volatility.