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Name

As of 11/22/2024

Price

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

North Carolina Tax-Free Income Series

NTFIX | Fund

$10.76

$114 M

2.63%

$0.28

0.76%

Vitals

YTD Return

1.1%

1 yr return

4.0%

3 Yr Avg Return

-1.9%

5 Yr Avg Return

0.1%

Net Assets

$114 M

Holdings in Top 10

18.0%

52 WEEK LOW AND HIGH

$10.8
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 11/22/2024

Price

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

North Carolina Tax-Free Income Series

NTFIX | Fund

$10.76

$114 M

2.63%

$0.28

0.76%

NTFIX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.07%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    North Carolina Tax-Free Income Series
  • Fund Family Name
    Dupree Mutual Funds
  • Inception Date
    Mar 14, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Vincent 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.
Read More

NTFIX - Performance

Return Ranking - Trailing

Period NTFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -5.9% 33.6% 88.67%
1 Yr 4.0% -0.3% 37.8% 86.48%
3 Yr -1.9%* -10.7% 3.6% 92.54%
5 Yr 0.1%* -6.8% 1103.7% 85.62%
10 Yr 1.3%* -0.9% 248.8% 68.96%

* Annualized

Return Ranking - Calendar

Period NTFIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.4% -1.4% 41.0% 63.99%
2022 -11.4% -39.7% 0.3% 47.97%
2021 -0.8% -5.6% 6.9% 67.33%
2020 2.8% -2.6% 310.0% 9.73%
2019 3.8% 0.0% 26.0% 48.57%

Total Return Ranking - Trailing

Period NTFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -5.9% 33.6% 88.67%
1 Yr 4.0% -0.3% 37.8% 86.48%
3 Yr -1.9%* -10.7% 3.6% 92.54%
5 Yr 0.1%* -6.8% 1103.7% 85.62%
10 Yr 1.3%* -0.9% 248.8% 68.96%

* Annualized

Total Return Ranking - Calendar

Period NTFIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -1.3% 41.0% 73.21%
2022 -10.5% -39.7% 1.1% 67.89%
2021 1.4% -4.8% 23761504.0% 55.46%
2020 5.3% -1.5% 17057.9% 11.81%
2019 5.3% 0.2% 3514.6% 76.36%

NAV & Total Return History

NTFIX - Holdings

Concentration Analysis

NTFIX Category Low Category High NTFIX % Rank
Net Assets 114 M 3.22 M 71.9 B 84.53%
Number of Holdings 160 4 13418 71.42%
Net Assets in Top 10 21 M -317 M 3.09 B 86.68%
Weighting of Top 10 18.04% 1.8% 100.3% 48.60%

Top 10 Holdings

  1. NC CHACTF 4 06/01/2037 2.66%
  2. NC NCSTRN 5 01/01/2038 2.22%
  3. NC NCSHSG 5 07/01/2046 2.17%
  4. NC NCSHSG 4.38 07/01/2044 2.14%
  5. NC CHM 4 11/01/2037 1.76%
  6. NC SAM 5 09/01/2040 1.56%
  7. NC CAB 4 06/01/2035 1.44%
  8. NC NHVMED 5 10/01/2034 1.39%
  9. NC NCSHSG 4.9 07/01/2043 1.35%
  10. NC UNCHGR 5 04/01/2040 1.35%

Asset Allocation

Weighting Return Low Return High NTFIX % Rank
Bonds 		98.77% 0.00% 150.86% 55.59%
Cash 		1.23% -50.86% 44.62% 44.10%
Stocks 		0.00% 0.00% 99.78% 92.61%
Preferred Stocks 		0.00% 0.00% 0.07% 91.14%
Other 		0.00% -3.69% 51.88% 86.41%
Convertible Bonds 		0.00% 0.00% 0.93% 91.10%

Bond Sector Breakdown

Weighting Return Low Return High NTFIX % Rank
Municipal 		100.00% 44.39% 100.00% 9.16%
Derivative 		0.00% -3.69% 51.88% 85.48%
Cash & Equivalents 		0.00% 0.00% 44.41% 96.74%
Securitized 		0.00% 0.00% 5.93% 91.44%
Corporate 		0.00% 0.00% 9.41% 92.58%
Government 		0.00% 0.00% 52.02% 92.17%

Bond Geographic Breakdown

Weighting Return Low Return High NTFIX % Rank
US 		98.77% 0.00% 142.23% 53.36%
Non US 		0.00% 0.00% 23.89% 91.94%

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% 47.33%
Management Fee 0.49% 0.00% 1.20% 78.89%
12b-1 Fee 0.00% 0.00% 1.00% 15.72%
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% 12.35%

NTFIX - Distributions

Dividend Yield Analysis

NTFIX Category Low Category High NTFIX % Rank
Dividend Yield 2.63% 0.00% 14.51% 73.10%

Dividend Distribution Analysis

NTFIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Monthly

Net Income Ratio Analysis

NTFIX Category Low Category High NTFIX % Rank
Net Income Ratio 2.07% -0.53% 5.33% 44.44%

Capital Gain Distribution Analysis

NTFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

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

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