Spirit of America Municipal T/F Bd Ins (SOIMX)
| Fund Assets | 25.67M |
| Expense Ratio | 0.77% |
| Min. Investment | $100,000 |
| Turnover | 4.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 3.10% |
| Dividend Growth | 12.10% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 8.57 |
| YTD Return | 1.06% |
| 1-Year Return | 0.96% |
| 5-Year Return | -0.92% |
| 52-Week Low | 8.26 |
| 52-Week High | 8.65 |
| Beta (5Y) | n/a |
| Holdings | 115 |
| Inception Date | May 1, 2020 |
About SOIMX
Spirit of America Municipal Tax Free Bond Fund Institutional Shares is a mutual fund focused on delivering high current income that is exempt from federal income tax, including the alternative minimum tax. The fund achieves this by investing primarily in a diversified portfolio of municipal bonds issued across the United States, with holdings spanning 30 states and one district. These municipal bonds finance essential public projects such as schools, infrastructure improvements, and utilities, supporting both local and regional development. The fund typically holds over 130 positions, featuring a variety of issuers and maturities, which contributes to risk diversification. Designed for intermediate- to long-term investors, it distributes income monthly, and its structure is particularly well-suited for those seeking tax-efficient income, especially individuals in higher tax brackets. By concentrating on municipal securities, the fund plays a significant role in providing capital for public initiatives while offering investors a means to preserve wealth and benefit from tax-advantaged cash flows.
Performance
SOIMX had a total return of 0.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.33%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
21.10% of assets| Name | Symbol | Weight |
|---|---|---|
| ORLANDO FLA CAP IMPT SPL REV 5% | FL.ORLGEN 5 10.01.2046 | 3.97% |
| UNIVERSITY NEB FACS CORP REV 4% | NE.UNIHGR 4 07.15.2062 | 2.06% |
| MASSACHUSETTS ST HSG FIN AGY HSG REV 3.25% | MA.MASHSG 3.25 12.01.2036 | 2.06% |
| FSU FINL ASSISTANCE INC FLA EDL & ATHLETIC FACS IMPT REV 5% | FL.FSUHGR 5 10.01.2030 | 1.99% |
| PENNSYLVANIA ST TPK COMMN TPK REV 5% | PA.PASTRN 5 12.01.2045 | 1.99% |
| MICHIGAN PUB EDL FACS AUTH REV 6% | MI.MISEDU 6 12.01.2035 | 1.90% |
| NEW JERSEY ST HSG & MTG FIN AGY MULTI-FAMILY REV 3.5% | NJ.NJSMFH 3.5 11.01.2036 | 1.90% |
| CLIFTON TEX HIGHER ED FIN CORP ED REV 4% | TX.CLIEDU 4 08.15.2044 | 1.77% |
| ATLANTA GA WTR & WASTEWTR REV 3% | GA.ATLUTL 3 11.01.2037 | 1.75% |
| PHILADELPHIA PA WTR & WASTEWTR REV 5% | PA.PHIUTL 5 10.01.2052 | 1.72% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02501 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02535 | Sep 2, 2025 |
| Jul 31, 2025 | $0.02478 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02311 | Jul 1, 2025 |
| May 30, 2025 | $0.02254 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02081 | May 1, 2025 |