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.
Fund Family Dupree
Category Muni Single State Interm
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol NTFIX
Index Bloomberg Municipal Bond TR
NTFIX had a total return of -1.93% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.91%.
