North Carolina Tax-Free Income Series
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.1%
1 yr return
4.9%
3 Yr Avg Return
-2.2%
5 Yr Avg Return
0.0%
Net Assets
$116 M
Holdings in Top 10
18.0%
52 WEEK LOW AND HIGH
$10.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.76%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 7.79%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NTFIX - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return -2.2%
- 5 Yr Annualized Total Return 0.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.07%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameNorth Carolina Tax-Free Income Series
-
Fund Family NameDupree Mutual Funds
-
Inception DateMar 14, 2001
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerVincent Harrison
Fund Description
The Fund seeks to provide a steady flow of tax‑exempt income derived from North Carolina 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 greater than 10 years. The interest earned on these securities, in the opinion of bond counsel for the issuer, is exempt from federal and state taxation in the state of North Carolina. The Fund has a fundamental policy that during periods of normal market conditions either (1) the Fund’s assets will be invested so that at least 80% of the income will be exempt from Federal and North Carolina income taxes or (2) the Fund will have at least 80% of its net assets invested in securities exempt from Federal and North Carolina income taxes. Maintaining a steady stream of tax‑exempt income is a primary objective of the Fund. The investment adviser selects securities that it believes will provide the best balance between risk and return and typically uses a buy and hold strategy. Securities in the Fund’s portfolio are typically held for income purposes, rather than trading them for capital gains. However, the investment adviser may sell a security at any time if it believes it could help the Fund meet its goals.
NTFIX - Performance
Return Ranking - Trailing
| Period | NTFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.1% | -4.7% | 25.9% | 78.63% |
| 1 Yr | 4.9% | 0.7% | 37.2% | 68.51% |
| 3 Yr | -2.2%* | -10.8% | 3.2% | 90.38% |
| 5 Yr | 0.0%* | -7.0% | 1103.1% | 84.03% |
| 10 Yr | 1.2%* | -0.9% | 248.6% | 67.00% |
* Annualized
Return Ranking - Calendar
| Period | NTFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.4% | -1.4% | 41.0% | 64.02% |
| 2022 | -11.4% | -39.7% | 0.3% | 48.00% |
| 2021 | -0.8% | -5.6% | 6.9% | 67.28% |
| 2020 | 2.8% | -2.6% | 310.0% | 9.72% |
| 2019 | 3.8% | 0.0% | 26.0% | 48.54% |
Total Return Ranking - Trailing
| Period | NTFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.1% | -4.7% | 25.9% | 78.63% |
| 1 Yr | 4.9% | 0.7% | 37.2% | 68.51% |
| 3 Yr | -2.2%* | -10.8% | 3.2% | 90.38% |
| 5 Yr | 0.0%* | -7.0% | 1103.1% | 84.03% |
| 10 Yr | 1.2%* | -0.9% | 248.6% | 67.00% |
* Annualized
Total Return Ranking - Calendar
| Period | NTFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.6% | -1.3% | 41.0% | 73.23% |
| 2022 | -10.5% | -39.7% | 1.1% | 67.91% |
| 2021 | 1.4% | -4.8% | 23761504.0% | 55.42% |
| 2020 | 5.3% | -1.5% | 17057.9% | 11.81% |
| 2019 | 5.3% | 0.2% | 3514.6% | 76.37% |
NAV & Total Return History
NTFIX - Holdings
Concentration Analysis
| NTFIX | Category Low | Category High | NTFIX % Rank | |
|---|---|---|---|---|
| Net Assets | 116 M | 3.22 M | 71.9 B | 84.01% |
| Number of Holdings | 160 | 4 | 13418 | 71.30% |
| Net Assets in Top 10 | 21 M | -317 M | 3.09 B | 86.62% |
| Weighting of Top 10 | 18.04% | 1.8% | 100.3% | 48.83% |
Top 10 Holdings
- NC CHACTF 4 06/01/2037 2.66%
- NC NCSTRN 5 01/01/2038 2.22%
- NC NCSHSG 5 07/01/2046 2.17%
- NC NCSHSG 4.38 07/01/2044 2.14%
- NC CHM 4 11/01/2037 1.76%
- NC SAM 5 09/01/2040 1.56%
- NC CAB 4 06/01/2035 1.44%
- NC NHVMED 5 10/01/2034 1.39%
- NC NCSHSG 4.9 07/01/2043 1.35%
- NC UNCHGR 5 04/01/2040 1.35%
Asset Allocation
| Weighting | Return Low | Return High | NTFIX % Rank | |
|---|---|---|---|---|
| Bonds | 98.77% | 0.00% | 150.86% | 55.42% |
| Cash | 1.23% | -50.86% | 44.62% | 44.21% |
| Stocks | 0.00% | 0.00% | 99.78% | 78.04% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 74.57% |
| Other | 0.00% | -3.69% | 51.88% | 74.63% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 74.40% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NTFIX % Rank | |
|---|---|---|---|---|
| Municipal | 100.00% | 44.39% | 100.00% | 7.69% |
| Derivative | 0.00% | -3.69% | 51.88% | 73.24% |
| Cash & Equivalents | 0.00% | 0.00% | 44.41% | 90.68% |
| Securitized | 0.00% | 0.00% | 5.93% | 75.20% |
| Corporate | 0.00% | 0.00% | 9.41% | 78.14% |
| Government | 0.00% | 0.00% | 52.02% | 77.14% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NTFIX % Rank | |
|---|---|---|---|---|
| US | 98.77% | 0.00% | 142.23% | 53.20% |
| Non US | 0.00% | 0.00% | 23.89% | 76.76% |
NTFIX - Expenses
Operational Fees
| NTFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.76% | 0.01% | 8.02% | 47.24% |
| Management Fee | 0.49% | 0.00% | 1.20% | 78.91% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 13.56% |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| NTFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| NTFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NTFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 7.79% | 0.00% | 283.00% | 12.34% |
NTFIX - Distributions
Dividend Yield Analysis
| NTFIX | Category Low | Category High | NTFIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.65% | 0.00% | 14.51% | 73.12% |
Dividend Distribution Analysis
| NTFIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| NTFIX | Category Low | Category High | NTFIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.07% | -0.53% | 5.33% | 44.41% |
Capital Gain Distribution Analysis
| NTFIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.071 | OrdinaryDividend |
| Mar 28, 2024 | $0.066 | OrdinaryDividend |
| Dec 29, 2023 | $0.023 | OrdinaryDividend |
| Sep 29, 2023 | $0.064 | OrdinaryDividend |
| Jun 30, 2023 | $0.063 | OrdinaryDividend |
| Mar 31, 2023 | $0.062 | OrdinaryDividend |
| Dec 30, 2022 | $0.021 | OrdinaryDividend |
| Sep 30, 2022 | $0.020 | OrdinaryDividend |
| Jun 30, 2022 | $0.019 | OrdinaryDividend |
| Mar 31, 2022 | $0.020 | OrdinaryDividend |
| Dec 31, 2021 | $0.020 | OrdinaryDividend |
| Nov 30, 2021 | $0.019 | OrdinaryDividend |
| Oct 29, 2021 | $0.020 | OrdinaryDividend |
| Sep 30, 2021 | $0.019 | OrdinaryDividend |
| Aug 31, 2021 | $0.020 | OrdinaryDividend |
| Jul 30, 2021 | $0.021 | OrdinaryDividend |
| Jun 30, 2021 | $0.020 | OrdinaryDividend |
| May 28, 2021 | $0.021 | OrdinaryDividend |
| Apr 30, 2021 | $0.020 | OrdinaryDividend |
| Mar 31, 2021 | $0.021 | OrdinaryDividend |
| Feb 26, 2021 | $0.019 | OrdinaryDividend |
| Jan 29, 2021 | $0.021 | OrdinaryDividend |
| Dec 31, 2020 | $0.021 | OrdinaryDividend |
| Nov 30, 2020 | $0.021 | OrdinaryDividend |
| Nov 02, 2020 | $0.021 | OrdinaryDividend |
| Sep 30, 2020 | $0.021 | OrdinaryDividend |
| Aug 31, 2020 | $0.021 | OrdinaryDividend |
| Jul 31, 2020 | $0.021 | OrdinaryDividend |
| Jun 30, 2020 | $0.021 | OrdinaryDividend |
| May 29, 2020 | $0.022 | OrdinaryDividend |
| Apr 30, 2020 | $0.022 | OrdinaryDividend |
| Mar 31, 2020 | $0.023 | OrdinaryDividend |
| Feb 28, 2020 | $0.021 | OrdinaryDividend |
| Jan 31, 2020 | $0.026 | OrdinaryDividend |
| Dec 31, 2019 | $0.023 | OrdinaryDividend |
| Dec 12, 2013 | $0.014 | CapitalGainLongTerm |
| Dec 31, 2012 | $0.016 | CapitalGainLongTerm |
NTFIX - Fund Manager Analysis
Managers
Vincent Harrison
Start Date
Tenure
Tenure Rank
Dec 31, 1999
22.43
22.4%
Mr. Harrison is a 1993 graduate of Eastern Kentucky University, with majors in Finance and Real Estate. He was employed by Dupree & Co. in 1994 and worked in bond accounting until 1999 when he became an Assistant Manager. He became Lead Portfolio Manager in 2004.
Brian Tibe
Start Date
Tenure
Tenure Rank
Jun 01, 2015
7.0
7.0%
Mr. Tibe is a 1996 graduate of the University of Kentucky with a major in Finance. He has been employed by Dupree & Company, Inc. since 2005 serving as an Investment Advisor. Tibe has been employed in the securities industry since 1996, previously with Fidelity Investments and Charles Schwab.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.35 | 1.58 |