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        <curCd>USD</curCd>
        <valUSD>181224</valUSD>
        <pctVal>4.9311234105</pctVal>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>MEDICAL CENTER EDUCATIONAL BUILDING CORP (MS)</name>
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        <curCd>USD</curCd>
        <valUSD>163222.95</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <name>MISSISSIPPI DEVELOPMENT BANK (MS)</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MISSISSIPPI ST</name>
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          <isin value="US605606AX05"/>
          <ticker value="MSSGEN"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MISSISSIPPI DEV BK</name>
        <lei>OUG18NR543384L2ZB309</lei>
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          <other otherDesc="Internal" value="60534XQC"/>
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        <curCd>USD</curCd>
        <valUSD>90699</valUSD>
        <pctVal>2.4679289841</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MISSISSIPPI HOME CORP (MS)</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MISSISSIPPI HOME CORP SINGLE FAMILY MTG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MISSISSIPPI HOME CORP (MS)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALCORN STATE UNIVERSITY EDUCATIONAL BUILDING CORP (MS)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MISSISSIPPI DEV BK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MISSISSIPPI STATE UNIVERSITY EDUCATIONAL BUILDING CORP (MS)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UNIVERSITY MISS EDL BLDG CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-10-13</ncom:dateSigned>
      <ncom:nameOfApplicant>Dupree Mutual Funds</ncom:nameOfApplicant>
      <ncom:signature>Michelle Dragoo</ncom:signature>
      <ncom:signerName>Michelle Dragoo</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
