Dupree Mutual Funds
Kentucky Tax-Free
Income Series (KYTFX)
Closing Price for 01/18/22: $7.90
The Dupree Kentucky Tax-Free Income Series offers residents of Kentucky income free from federal and state taxes. Dupree's municipal bond funds are also 100% AMT-free. Dupree charges a competitive management fee for our funds, and never charges a load, redemption fee or 12b-1 fee. Investors get the benefit of a diverse, professionally managed portfolio of bonds with the ability to buy and sell shares daily at NAV. The Dupree Kentucky Tax-Free Income Series holds tax-free bonds issued in the state of Kentucky. Bonds are selected to achieve an attractive yield without undue risk to principal. Investment in any bond fund involves interest rate risk, credit risk and possible loss of principal.
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Fund stats as of 01/18/22
For all Dupree Morningstar Ratings, Click Here
Morningstar Rating™
as of 12/31/2021 Total Assets $1,015,520,563.82 CUSIP 266155100
NAV Per Share $7.90 Average Effective Maturity 4.65 yrs Minimum to Invest $100
52 Week NAV Range $7.90 - $8.07 Nominal Maturity 12.79 yrs Gross Annual Fund Operating Expense
Ratio for the 6 months ended 12/31/2021 0.55%
30 Day Distribution Yield 2.19% Duration 4.22 Net Annual Fund Operating Expense
30 Day Compound Yield 2.21% % of Fund Subject to AMT 0% Front-End Load none
SEC Yield 0.47% Ticker KYTFX Redemption Fee none
12B-1 Fee none
DIRECT LINK TO STANDARDIZED PERFORMANCE INFORMATION
Performance data quoted represents past performance. Past performance does not guarantee future results, investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance data quoted. Investors may call 1-800-866-0614 to obtain performance data current to the most recent month-end.
You may lose money investing in the Fund. Mutual fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank or the U.S. government. Securities held by the fund may be downgraded or default, lowering the value of the securities. For single state funds, regional factors may cause the fund to decline in value more than a fund holding securities from many states. The fund is subject to management risk, because it is an actively managed investment portfolio. There is no guarantee that the investment objectives of the fund will be achieved. As interest rates rise, bond prices fall.
Yield data shown is based on calculations as further explained in the Statement of Additional Information which is available upon request. The 30 Day Distribution Yield represents the annualized average dividend divided by the average number of shares for the past 30 days. The 30 Day Compound Yield represents the 30 Day Distribution Yield compounded quarterly for those shareholders who elect to reinvest dividends. NAV Per Share is defined as Net Asset Value per share. Nominal Maturity is the dollar-weighted average number of years to final maturity of bonds held in the portfolio. Average Effective Maturity is the dollar-weighted average of the number of years to the likely redemption date of the securities held in the portfolio, taking into account embedded options such as call features. Duration is a measure of the interest rate sensitivity of securities held in the portfolio, taking into account embedded options such as call features. AMT is Federal Alternative Minimum Tax. Performance data shown represents past performance and is not a guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Quoted fund expenses are taken from the fee table of the most recent prospectus.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Click here to for more detail.
Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Dupree & Company, Inc. is a FINRA member firm. Past performance is no guarantee of future results.
Before investing, carefully consider a fund's investment objectives, risks, charges, and expenses. For this and other information that should be read carefully, please view the Prospectus and Statement of Additional Information.
NOT FDIC INSURED
NO BANK GUARANTEE
The information on this website is intended for U.S. residents only and does not constitute a solicitation of an offer to buy or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer. Dupree Mutual Funds are not available in all 50 states. Please see the Prospectus for guidance on where Dupree Mutual Funds are available to investors.
A "No-Load" mutual fund is one that is offered by an open-end investment company that imposes no sales charge (load) to purchase or redeem shares. Investors can buy and sell shares directly from the fund company rather than through a broker.
Dupree's single state bond funds offer dividend income that is "tax free" from federal and state income taxes (and AMT) in the state corresponding to each fund. Residents of states other than the state "named" in the title of the fund still receive dividend income free from federal income taxes (and AMT) but may be taxed at the state level. A redemption or exchange of fund shares and any capital gains distributed by the Dupree Mutual Funds may be taxable.
Investment decisions should be made based on an investor's objectives and circumstances and in consultation with their advisors. Dupree Mutual Funds does not provide tax or legal advice. Securities are offered through the Funds' Transfer Agent, Dupree & Company, Inc., which is a FINRA member. For more information about Dupree & Company, Inc., please visit BrokerCheck® by FINRA.