Spirit of America Income Fund Class A (SOAIX)
| Fund Assets | 56.15M |
| Expense Ratio | 1.14% |
| Min. Investment | $500 |
| Turnover | 2.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 5.20% |
| Dividend Growth | -11.84% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.10 |
| YTD Return | 2.52% |
| 1-Year Return | 2.92% |
| 5-Year Return | 9.32% |
| 52-Week Low | 9.85 |
| 52-Week High | 10.66 |
| Beta (5Y) | 0.39 |
| Holdings | 144 |
| Inception Date | Dec 31, 2008 |
About SOAIX
Spirit of America Income Fund Class A is an open-end mutual fund designed to provide high current income by allocating its investments primarily across a diversified fixed income portfolio. The fund typically invests at least 80% of its assets in taxable municipal bonds, high yield U.S. corporate bonds, income-producing convertible securities, preferred stocks, and collateralized mortgage obligations, with some additional exposure to U.S. government agency securities. This multi-sector approach allows the fund to participate in various segments of the bond market, aiming to capture a competitive yield while managing credit and interest rate risk. The fund holds approximately 150 positions, spanning multiple states and sectors, and manages credit quality through careful selection, utilizing ratings from agencies such as Moody’s and S&P. With a monthly dividend distribution, its structure is suitable for investors seeking steady income and willing to accept the related volatility and credit risk of its underlying holdings. Since its inception in 2008, the Spirit of America Income Fund Class A has played a role in offering income-focused investors exposure to a broad range of fixed income assets.
Performance
SOAIX had a total return of 2.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.41%.
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 | $0.0458 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0444 | Jun 30, 2025 |
| May 30, 2025 | $0.0381 | May 30, 2025 |
| Apr 30, 2025 | $0.0405 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0457 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0355 | Feb 28, 2025 |