Spirit of America Municipal Tax Free Bond Fund Class C (SACFX)
| Fund Assets | 27.19M |
| Expense Ratio | 1.77% |
| Min. Investment | $500 |
| Turnover | 4.00% |
| Dividend (ttm) | 0.17 |
| Dividend Yield | 2.04% |
| Dividend Growth | 21.48% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 8.40 |
| YTD Return | -1.21% |
| 1-Year Return | -1.42% |
| 5-Year Return | -7.33% |
| 52-Week Low | 8.25 |
| 52-Week High | 8.65 |
| Beta (5Y) | n/a |
| Holdings | 125 |
| Inception Date | Mar 15, 2016 |
About SACFX
Spirit of America Municipal Tax Free Bond Fund Class C is a mutual fund specializing in municipal bonds, with the primary objective of generating high current income that is exempt from federal income tax, including the alternative minimum tax. The fund typically allocates at least 80% of its assets to a diversified portfolio of municipal securities issued by state and local governments across the United States. These securities support a variety of public initiatives such as housing, infrastructure, education, and transportation, impacting sectors critical to local and state development. The fund’s holdings comprise over 130 individual issuers, providing diversification within the municipal bond market. It offers monthly income distributions and is designed for investors seeking the benefits of tax-exempt income. The fund manages risks inherent to municipal bonds, such as interest rate fluctuations and credit risk, by maintaining a broad allocation across regions and sectors. With a moderate risk profile and a focus on generating consistent, tax-advantaged yield, Spirit of America Municipal Tax Free Bond Fund Class C plays a role in income-oriented portfolios aiming to reduce tax liabilities while supporting essential public infrastructure projects.
Performance
SACFX had a total return of -1.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.31%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.44% |
Top 10 Holdings
22.58% of assets| Name | Symbol | Weight |
|---|---|---|
| MIAMI-DADE CNTY FLA SCH BRD CTFS PARTN 4% | FL.MIAEDU 4 02.01.2033 | 3.67% |
| ORLANDO FLA CAP IMPT SPL REV 5% | FL.ORLGEN 5 10.01.2046 | 3.66% |
| NEVADA SYS HIGHER ED CTFS PARTN 4% | NV.NVSEDU 4 07.01.2027 | 2.22% |
| SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 5% | MN.SOUPWR 5 01.01.2041 | 2.08% |
| UNIVERSITY NEB FACS CORP REV 4% | NE.UNIHGR 4 07.15.2062 | 1.95% |
| MASSACHUSETTS ST HSG FIN AGY HSG REV 3.25% | MA.MASHSG 3.25 12.01.2036 | 1.87% |
| FSU FINL ASSISTANCE INC FLA EDL & ATHLETIC FACS IMPT REV 5% | FL.FSUHGR 5 10.01.2030 | 1.83% |
| PENNSYLVANIA ST TPK COMMN TPK REV 5% | PA.PASTRN 5 12.01.2045 | 1.83% |
| MICHIGAN PUB EDL FACS AUTH REV 6% | MI.MISEDU 6 12.01.2035 | 1.75% |
| NEW JERSEY ST HSG & MTG FIN AGY MULTI-FAMILY REV 3.5% | NJ.NJSMFH 3.5 11.01.2036 | 1.72% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.01772 | Aug 1, 2025 |
| Jun 30, 2025 | $0.01613 | Jul 1, 2025 |
| May 30, 2025 | $0.01531 | Jun 2, 2025 |
| Apr 30, 2025 | $0.01385 | May 1, 2025 |
| Mar 31, 2025 | $0.01367 | Apr 1, 2025 |
| Feb 28, 2025 | $0.01268 | Mar 3, 2025 |