About SOITX
Spirit of America Income Fund Institutional Shares is a mutual fund focused on delivering high current income through a diversified fixed-income strategy. The fund primarily allocates at least 80% of its assets to a carefully selected mix of taxable municipal bonds, income-producing convertible securities, preferred stocks, high yield U.S. corporate bonds, and collateralized mortgage obligations. This approach allows the fund to capture income opportunities across several fixed-income sectors, including government, municipal, and corporate issuers.
With over 140 individual holdings, the fund offers broad diversification, which can help reduce risk while maintaining consistent monthly income distributions. Notable features include a competitive dividend yield, regular monthly payouts, and an institutional investor focus, as evidenced by a high minimum investment requirement. The fund may also hold securities from U.S. government agencies, further expanding its income sources.
As a participant in the long-term bond category, Spirit of America Income Fund Institutional Shares plays a role in providing intermediate- to long-term investors with access to varied fixed-income assets, supporting income generation strategies beyond traditional government or investment-grade bonds. Its diversified portfolio structure and risk profile appeal to institutions seeking reliable income amid changing interest rate environments.
Fund Family Spirit of America
Category Long-Term Bond
Performance Rating High
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol SOITX
Share Class Institutional Shares
Index Bloomberg U.S. Aggregate Bond TR
SOITX had a total return of 3.16% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.31%.
