Dupree Mutual Fund North Carolina Tax-Free Income Fund (NTFIX)
| Fund Assets | 106.52M |
| Expense Ratio | 0.76% |
| Min. Investment | $100 |
| Turnover | 23.38% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 2.85% |
| Dividend Growth | 13.52% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 10.76 |
| YTD Return | 3.10% |
| 1-Year Return | 2.29% |
| 5-Year Return | 0.50% |
| 52-Week Low | 9.94 |
| 52-Week High | 10.79 |
| Beta (5Y) | 0.25 |
| Holdings | 170 |
| Inception Date | Nov 16, 1995 |
About NTFIX
Dupree Mutual Fund North Carolina Tax-Free Income Fund is a municipal bond mutual fund designed to offer investors income that is exempt from both federal and North Carolina state income taxes. Its primary function is to provide a stable stream of tax-free income by investing at least 65% of its assets in municipal securities issued within North Carolina, and at least 80% of its income is derived from tax-exempt securities. The fund's portfolio is composed predominantly of investment-grade municipal bonds, with no exposure to the Alternative Minimum Tax (AMT), making it especially attractive to residents seeking local tax efficiency. With total assets of approximately $119 million, the fund is actively managed, aiming to balance attractive yield with prudent risk management. It features a competitive expense ratio, no sales load or redemption fee, and a low minimum investment threshold, facilitating accessibility for a broad range of investors. The fund pays dividends quarterly, with a yield typically in the 2.7%–3.0% range, and its holdings span essential sectors such as transportation, health care, and education through North Carolina municipal issuers. In the broader market, it serves as a specialized tool for investors prioritizing tax-advantaged income and diversification within the municipal bond sector.
Performance
NTFIX had a total return of 2.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.23%.
Top 10 Holdings
18.01% of assets| Name | Symbol | Weight |
|---|---|---|
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5% | NC.NCSTRN 5 01.01.2038 | 2.40% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 4.375% | n/a | 2.32% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 5% | n/a | 2.28% |
| CHATHAM CNTY N C LTD OBLIG 4% | n/a | 1.93% |
| SAMPSON CNTY N C LTD OBLIG 5% | n/a | 1.69% |
| CABARRUS CNTY N C LTD OBLIG 4% | n/a | 1.58% |
| NEW HANOVER CNTY N C HOSP REV 5% | n/a | 1.49% |
| NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV 4.9% | n/a | 1.45% |
| WAYNE CNTY N C 4% | n/a | 1.43% |
| ROCKY MOUNT N C SPL OBLIG 4.5% | n/a | 1.43% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.08038 | Sep 30, 2025 |
| Jun 30, 2025 | $0.0777 | Jun 30, 2025 |
| Mar 31, 2025 | $0.07434 | Mar 31, 2025 |
| Dec 31, 2024 | $0.07418 | Dec 31, 2024 |
| Sep 30, 2024 | $0.07084 | Sep 30, 2024 |
| Jun 28, 2024 | $0.0672 | Jun 28, 2024 |