DUMSX Performance — Mississippi Tax-Free Income Series
Data updated: 2026-10-13
DUMSX returned −4.37% year to date and −3.08% over one year to Sep 2026. Annualised returns are +1.87% over 3 years and −0.74% over 5 years. Against its Intermediate Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $106, against $107 for the category, and to $97 over one year, against $97. Volatility over the past three years was 5.14% a year. In the 12 months to Jun 2026 the fund lost a net $212K, and assets reached $3.68M.
DUMSX Growth of $100
What $100 invested in Mississippi Tax-Free Income Series grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | DUMSX | Category average |
|---|---|---|
| 1 year (Oct 2025 – Sep 2026) | $97 | $97 |
| 3 years (Oct 2023 – Sep 2026) | $106 | $107 |
| 5 years (Oct 2021 – Sep 2026) | $96 | $98 |
| Since data start (Jul 2019 – Sep 2026) | $103 | $105 |
DUMSX Trailing Returns
Total returns to Sep 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −4.37% |
| 1 year | −3.08% |
| 3 years (annualised) | +1.87% |
| 5 years (annualised) | −0.74% |
DUMSX Annual Returns
Calendar-year total returns of Mississippi Tax-Free Income Series, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Sep) | −4.37% |
| 2025 | +3.83% |
| 2024 | +0.40% |
| 2023 | +4.30% |
| 2022 | −7.97% |
| 2021 | +1.32% |
| 2020 | +4.08% |
| 2019 (Jul–Dec) | +1.59% |
DUMSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.1% | −1.8% | +1.4% | +0.3% | +0.7% | −1.9% | −0.4% | −4.3% | — | — | — |
| 2025 | +0.5% | +0.8% | −1.8% | −0.2% | −0.2% | +0.3% | −0.6% | +1.0% | +2.6% | +1.1% | +0.3% | 0.0% |
| 2024 | −0.3% | −0.1% | 0.0% | −0.9% | −0.4% | +1.4% | +0.2% | +0.7% | +0.9% | −1.4% | +1.3% | −1.1% |
| 2023 | +1.8% | −1.7% | +1.6% | −0.2% | −0.8% | +0.7% | +0.2% | −1.1% | −2.2% | −0.3% | +4.8% | +1.6% |
| 2022 | −2.3% | −0.3% | −2.8% | −2.2% | +0.6% | −1.1% | +1.6% | −1.7% | −3.6% | −0.5% | +4.0% | +0.1% |
| 2021 | +0.3% | −1.3% | +0.8% | +0.9% | +0.3% | 0.0% | +0.7% | −0.5% | −0.5% | −0.2% | +0.7% | +0.1% |
| 2020 | +1.4% | +1.2% | −2.2% | −0.8% | +2.5% | +0.3% | +1.2% | −0.6% | −0.1% | −0.2% | +1.2% | +0.2% |
| 2019 | — | — | — | — | — | — | +0.6% | +1.4% | −0.8% | +0.1% | +0.1% | +0.2% |
DUMSX Risk
Risk measures from monthly returns over Oct 2023 – Sep 2026.
- 3-year volatility (annualised): 5.14%
- 3-year Sharpe ratio: -0.51 (vs 4.5% risk-free rate)
- Best month: +4.75% (Nov 2023)
- Worst month: −4.35% (Sep 2026)
DUMSX Fund Flows
Monthly money in and out of Mississippi Tax-Free Income Series, from SEC Form N-PORT.
- 12-month net flow: −$212K
- 12-month gross sales (incl. reinvestments): $287K
- Sales ÷ redemptions: 0.57×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $29K | $16K | $13K |
| May 2026 | $3K | $38K | −$35K |
| Apr 2026 | $800 | $480 | $320 |
| Mar 2026 | $33K | $3K | $30K |
| Feb 2026 | $6K | $0 | $6K |
| Jan 2026 | $950 | $247K | −$246K |
| Dec 2025 | $28K | $3K | $25K |
| Nov 2025 | $7K | $0 | $7K |
| Oct 2025 | $136K | $0 | $136K |
| Sep 2025 | $30K | $3K | $27K |
| Aug 2025 | $6K | $0 | $6K |
| Jul 2025 | $8K | $188K | −$181K |
DUMSX Assets Under Management
Net assets of Mississippi Tax-Free Income Series by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-09-30 | $3.68M |
| 2026-06-30 | $4.16M |
| 2026-03-31 | $4.12M |
| 2025-12-31 | $4.36M |
| 2025-09-30 | $4.43M |
| 2025-06-30 | $4.49M |
| 2025-03-31 | $4.78M |
| 2024-12-31 | $5.06M |
| 2024-09-30 | $5.38M |
| 2024-06-30 | $9.58M |
| 2024-03-31 | $9.54M |
| 2023-12-31 | $9.39M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.