In 1941, Dupree & Company began business in Harlan, Kentucky as a small securities brokerage firm specializing in tax-free municipal bonds. After moving its offices to Lexington, Kentucky in 1963, the firm grew to become a regional leader in public finance, helping to structure complex and innovative municipal bond financing for some of the largest public projects in the state of Kentucky.
In 1979, Dupree & Company began what is now Dupree Mutual Funds with the Kentucky Tax-Free Income Fund. The fund was one of the first single-state municipal bond funds in the country, and the very first mutual fund to invest solely in Kentucky municipal bonds. Since then, Dupree Mutual Funds has grown to include single-state municipal bond tax-free funds for five states: Alabama, Kentucky, Mississippi, North Carolina and Tennessee. Additionally, Dupree offers a taxable U.S. Government bond fund: the Intermediate Government Bond Series.
Today, after more than 50 years in business, Dupree continues to be a pioneer in the industry. Our Kentucky and Tennessee Series are currently the ONLY 100% "no-load" municipal bond funds available in those states. No-load means simply that shares of the funds are offered directly to investors with no front or back-end sales charges and no 12b-1 fees, unlike the "load" funds sold through brokerage firms and other institutions.
At Dupree Mutual Funds, our goal is a simple one: to offer investors a high-quality, low-cost way to invest in municipal and government bonds while providing superior service to our shareholders.