Morningstar

Spirit of America Municipal Tax Free Bond Fund Institutional Shares SOIMX

Medalist Rating as of Aug 31, 2026 See Spirit of America Investment Hub

Strategy

The investment seeks to provide high current income that is exempt from federal income tax, including alternative minimum tax. The fund normally invests at least 80% of its assets in municipal bonds that are exempt from federal income tax, including the alternative minimum tax. The advisor intends to invest a substantial portion of its assets in high yield municipal bonds and "private activity" bonds. It may also invest a portion of its total assets in municipal bonds that finance projects such as those relating to utilities, transportation, health care, housing and education, and a portion of its total assets in industrial development bonds.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SOIMX	Spirit of America Municipal Tax Free Bond Fund Institutional Shares	Institutional	Open			May 1, 2020	$9,425.00	0.770%	High	$100,000	$117.02
SOAMX	Spirit of America Municipal Tax Free Bond Fund Class A	Front Load	Open			Feb 29, 2008	$20.74M	0.930%	High	$500	−$4.41M
SACFX	Spirit of America Municipal Tax Free Bond Fund Class C	Level Load	Open			Mar 15, 2016	$122,440.00	1.780%	High	$500	−$7,731.36

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