Dupree Mississippi Tax-Free Income Series

Frequently Asked Questions About DUMSX

What does DUMSX invest in?

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.

What is the expense ratio of DUMSX?

Dupree Mississippi Tax-Free Income Series (DUMSX) charges an expense ratio of 1.13%. This is the annual fee deducted from fund assets to cover management and operations.

What is DUMSX's dividend yield?

DUMSX's trailing-twelve-month yield is 5.62%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of DUMSX?

Effective duration measures DUMSX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DUMSX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of DUMSX?

DUMSX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of DUMSX?

Yield to maturity (YTM) is the total return you'd earn from DUMSX if every bond in the portfolio is held to maturity at the current price. DUMSX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.