About SOAMX
Spirit of America Municipal Tax Free Bond Fund Class A is a mutual fund that primarily invests in municipal bonds, aiming to deliver high current income that is exempt from federal income tax, including the alternative minimum tax. The fund commits to allocating at least 80% of its assets to tax-exempt municipal securities, which are typically issued by state and local governments to finance public projects such as schools, infrastructure, and public utilities. It holds a diversified portfolio, with significant exposure across various states and sectors, including education, public improvements, and housing. With over 130 individual bond holdings, the fund’s risk and return profile is representative of the intermediate-term municipal bond sector, offering monthly dividend distributions that appeal to investors seeking tax-advantaged income. The fund plays a significant role for investors interested in federal tax-exempt fixed income, contributing to diversified portfolios and serving those with objectives focused on income stability and tax efficiency.
Fund Family Spirit of America
Category Muni National Interm
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol SOAMX
Share Class Class A Shares
Index Bloomberg Municipal Bond TR
SOAMX had a total return of 4.23% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.79%.
