Spirit of America Income Fund Class C (SACTX)
| Fund Assets | 56.15M |
| Expense Ratio | 1.89% |
| Min. Investment | $500 |
| Turnover | 2.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 4.69% |
| Dividend Growth | -13.87% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 10.10 |
| YTD Return | 2.55% |
| 1-Year Return | 2.52% |
| 5-Year Return | 5.86% |
| 52-Week Low | 9.85 |
| 52-Week High | 10.66 |
| Beta (5Y) | n/a |
| Holdings | 144 |
| Inception Date | Mar 15, 2016 |
About SACTX
Spirit of America Income Fund Class C is a mutual fund structured to provide investors with high current income through a diversified portfolio of income-oriented securities. The fund primarily allocates at least 80% of its assets to a mix of taxable municipal bonds, income-producing convertible securities, preferred stocks, high yield U.S. corporate bonds, and collateralized mortgage obligations. This broad investment approach is designed to capture income opportunities across multiple fixed-income sectors, thereby reducing reliance on any single asset category and enhancing diversification. The fund features a below average risk rating relative to its peer group and pays dividends on a monthly basis, offering regular cash flow to shareholders. With an inception date in 2016 and a typical holding count of around 148 positions, Spirit of America Income Fund Class C serves intermediate- to long-term investors seeking steady income from a mix of credit-sensitive and interest-rate-sensitive instruments. Its performance characteristics and investment mandate have positioned it as a notable option among long-term bond funds in the U.S. fixed income landscape.
Performance
SACTX had a total return of 2.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.63%.
Top 10 Holdings
30.83% of assets| Name | Symbol | Weight |
|---|---|---|
| TOBACCO SETTLEMENT FING CORP VA 6.706% | VA.TOBGEN 6.71 06.01.2046 | 7.30% |
| KANSAS CITY MO SPL OBLIG 7.83% | MO.KANGEN 7.83 04.01.2040 | 4.27% |
| HEALTH CARE AUTH FOR BAPTIST HEALTH ALA 5.5% | AL.HLTMED 5.5 11.15.2043 | 3.31% |
| MetLife Inc. 9.25% | MET.9.25 04.08.38 | 3.15% |
| MUNICIPAL ELEC AUTH GA 7.055% | GA.MELPWR 7.05 04.01.2057 | 2.69% |
| MetLife Inc. 10.75% | MET.10.75 08.01.39 | 2.37% |
| MIAMI-DADE CNTY FLA SPL OBLIG 7.5% | FL.MIAGEN 7.5 04.01.2040 | 2.06% |
| CUYAHOGA CNTY OHIO HOSP REV 8.223% | OH.CUYMED 8.22 02.15.2040 | 1.96% |
| PITTSBURGH & ALLEGHENY CNTY PA SPORTS & EXHIB AUTH COMWLTH LEASE REV 7.04% | PA.PIT 7.04 11.01.2039 | 1.87% |
| VIRGIN ISLANDS WTR & PWR AUTH ELEC SYS REV 6.85% | VI.VITWTR 6.85 07.01.2035 | 1.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.039 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0384 | Jun 30, 2025 |
| May 30, 2025 | $0.032 | May 30, 2025 |
| Apr 30, 2025 | $0.0335 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0397 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0296 | Feb 28, 2025 |