Investment objective & strategy
As of Oct. 28, 2025 · prospectusObjective. The Fund 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.
Strategy. At least eighty percent (80%) of the portfolio of the Intermediate Government Bond Series will be invested in securities issued by the U.S. Government or its agencies or instrumentalities, with the remainder of the portfolio 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. This investment policy is non-fundamental and can be changed by the Funds Board of Trustees (the Board) upon 60 days prior notice to shareholders. The weighted average nominal maturity of the Fund will normally range between 3-10 years. Maintaining a high level of income is a primary objective of the Fund. The investment adviser selects securities … At least eighty percent (80%) of the portfolio of the Intermediate Government Bond Series will be invested in securities issued by the U.S. Government or its agencies or instrumentalities, with the remainder of the portfolio 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. This investment policy is non-fundamental and can be changed by the Funds Board of Trustees (the Board) upon 60 days prior notice to shareholders. The weighted average nominal maturity of the Fund will normally range between 3-10 years. Maintaining a high level of 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 Funds 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.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FHLB 4.125 06/14/30 | FHLB | $503.81K | 6.50% |
| FED HOME LN BANK | — | $502.73K | 6.48% |
| FHLB 4.3 03/25/30 | FHLB | $498.15K | 6.42% |
| FHLB 4.75 12/12/31 | FHLB | $465.15K | 6.00% |
| FHLB 4.625 01/22/29 0000 | FHLB | $451.28K | 5.82% |
| FHLB 4.05 07/18/30 | FHLB | $400.18K | 5.16% |
| FHLB 4.1 07/18/30 | FHLB | $399.82K | 5.16% |
| FFCB 4.21 10/02/30 | FFCB | $397.51K | 5.13% |
| FHLB 4.25 10/22/29 0001 | FHLB | $374.53K | 4.83% |
| FHLB 4.625 06/08/29 | FHLB | $255.67K | 3.30% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| EQ/AB Short Duration Government Bond Portfolio | 5% | 0.52% |
| iShares Agency Bond ETF · AGZ | 2% | 0.20% |
| Eventide Limited-Term Bond Fund · ETABX, ETCBX, ETIBX, ETNBX | 1% | 0.45% |
Advisers
| Firm | Role |
|---|---|
| Dupree and Company, Inc. | Adviser |
Footnotes
- Expense ratio as of October 28, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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