Morningstar

Spirit of America Municipal Tax Free Bond Fund Institutional Shares SOIMX

Morningstar Medalist Rating
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Medalist Rating as of See Spirit of America Investment Hub
  • NAV / 1-Day Return $8.19  /  +0.86 %
  • Fund Size $20.9M
  • Adjusted Expense Ratio 0.770%
  • Net Expense Ratio 0.770%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $100,000
  • Investment Status Open
  • TTM Yield 4.04%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis SOIMX

Will SOIMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SOIMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SOIMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SOIMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Spirit of America Municipal T/F Bd Ins holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings SOIMX

More SOIMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UNIVERSITY NEB FACS CORP REV 4%

2.43 528,233
municipal

MASSACHUSETTS ST HSG FIN AGY HSG REV 3.25%

2.41 522,361
municipal

NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 5%

2.31 502,243
municipal

FSU FINL ASSISTANCE INC FLA EDL & ATHLETIC FACS IMPT REV 5%

2.31 500,864
municipal

METROPOLITAN PIER & EXPOSITION AUTH ILL REV 5%

2.28 495,837
municipal

NEW JERSEY ST HSG & MTG FIN AGY MULTI-FAMILY REV 3.5%

2.19 475,781
municipal

CLIFTON TEX HIGHER ED FIN CORP ED REV 4%

2.10 457,001
municipal

PHILADELPHIA PA WTR & WASTEWTR REV 5%

2.08 451,303
municipal

MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 4%

2.07 450,018
municipal

MICHIGAN PUB EDL FACS AUTH REV 6%

1.84 399,353
municipal

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