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.
Fund Family Spirit of America
Category Muni National Interm
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol SOIMX
Share Class Institutional Shares
Index Bloomberg Municipal Bond TR
SOIMX had a total return of 4.14% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.81%.
