Fund Evaluator:
Dupree Intermediate Govt Bond (DPIGX)
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Best Performing in Short Government Over the Last Year
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Fund Details
Dupree Intermediate Govt Bond Overview
Dupree Intermediate Govt Bond (DPIGX) is an actively managed Taxable Bond Short Government fund. Dupree launched the fund in 1992.
The investment seeks to provide a high and stable level of income derived from bonds issued by the U.S. government and its agencies without incurring undue risk to principal. At least eighty percent (80%) of the fund will be invested in securities issued by the U.S. government or its agencies or instrumentalities, with the remainder of the fund invested in bank accounts fully insured by the FDIC or collateralized by bonds issued by the U.S. government or its agencies or U.S. Treasury or Agency Notes and Bills. The nominal maturity of it will normally range between 3-10 years.
About Dupree Intermediate Govt Bond (DPIGX)
There are 1 members of the management team with an average tenure of 26.68 years: Vincent Harrison (1999). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Govt Interm TR USD index with a weighting of 100%. Dupree Intermediate Govt Bond has 24 securities in its portfolio. The top 10 holdings constitute 55.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Dupree Intermediate Govt Bond is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Dupree Intermediate Govt Bond has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 100.0% (100.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Dupree Intermediate Govt Bond has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $7 million in total assets, which is below the $448 million average for the Short Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DPIGX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Dupree Intermediate Govt Bond expense ratio is high compared to funds in the Short Government category. Dupree Intermediate Govt Bond has an expense ratio of 0.85%, which is 33% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Dupree Intermediate Govt Bond has a portfolio turnover rate of 62%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 220% for the Short Government category.
Recently, in the month of August 2026, Dupree Intermediate Govt Bond returned 0.3%, which earned it a grade of B, as the Short Government category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Dupree Intermediate Govt Bond has a trailing yield of 3.41%, which is below the 3.86% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Dupree Intermediate Govt Bond Grades
Year to date, the fund has returned 0.1%, 0.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 1.5% over the past year (grade of F), 3.7% over the past three years (grade of D) and 1.7% per year over the past five years (grade of C) and 1.5% per year over the past 10 years (grade of C).
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DPIGX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DPIGX Return (NAV) | 0.3% | -0.0% | 1.5% | 3.7% | 1.7% | 1.5% |
| DPIGX Grade | B | F | F | D | C | C |
| +/- Category | 0.1% | -0.2% | -0.7% | -0.5% | 0.1% | 0.0% |
| Short Government Avg | 0.2% | 0.2% | 2.2% | 4.2% | 1.6% | 1.5% |
| DPIGX Tax Cost Ratio | na | na | 1.4% | 1.4% | 1.3% | 1.1% |
DPIGX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DPIGX Return (NAV) | 0.1% | 5.0% | 3.6% | 4.2% | -3.5% | -1.1% | 3.9% | 4.5% | 0.4% | 1.4% | 1.8% |
| DPIGX Grade | F | D | D | B | A | C | B | A | F | A | A |
| +/- Category | -0.7% | -0.4% | -0.2% | 0.2% | 1.3% | 0.0% | 0.7% | 1.3% | -0.7% | 0.9% | 1.1% |
| Short Government Avg | 0.8% | 5.4% | 3.8% | 4.0% | -4.8% | -1.1% | 3.2% | 3.2% | 1.2% | 0.5% | 0.7% |
| Risk Measures | |
| Standard Deviation: | 1.4% |
| Total Risk Index: | 0.12 - Low |
| Category Risk Index: | 0.73 - Low |
| Category Risk Grade: | A (16% Rank) |
| Beta: | 0.21 |
| R-Squared: | 73% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 3.4% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $7 Mil |
| Fund Total Assets: | $ 7 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 62% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 26.7 years | |||
| Average Tenure: 26.7 years | |||
| Managers (Year): Harrison Vincent (1999) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 24 |
| % in Top 10 Holdings: | 55.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 100.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Dupree |
| Phone Number: | 800-866-0614 |
| Website: | www.dupree-funds.com |
| Status: | Open |
| Inception Date: | July 14, 1992 |
| Min. Initial Purchase: | $ 500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.85% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.64% |
| Share Class: | Dupree Intermediate Govt Bond |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
