Performance
Trailing returns
| 1 day |
| -0.09% | |||
| 1 week |
| -0.15% | |||
| 4 week |
| -0.01% | |||
| 3 month | +0.28% |
| |||
| YTD | +0.95% |
| |||
| 1 year | +4.33% |
| |||
| 3 years* | +6.42% |
| |||
| 5 years* | +5.21% |
| |||
| *annualized | |||||
| Best 3 month return | +15.25% | |
| Worst 3 month return | -16.99% |
Morningstar statistics
Morningstar category: Muni National Long
| Return | Risk | Rating | |
| 3 years | Average | Above Average |
 
|
| 5 years | Average | High |
|
| 10 years | - | - | - |
| Overall | Average | High |
|
Key statistics
| Total assets | 159.31M | |
| Front load | 4.75% | |
| Deferred load | - | |
| Expense ratio | 0.90% | |
| Management fee | - | |
| Fund family | Spirit of America |
Asset allocation
| Cash | 1.00% | |
| Stocks | 0.00% | |
| Bonds | 99.00% | |
| Other | 0.00% |
Purchase information
| Initial | $500 | |
| Additional | $50 | |
| IRA Initial | $500 | |
| AIP Initial | $500 | |
| AIP Additional | $50 |
10.020.00(0.00%)
May 24, 4:00PM EDT
Overall Morningstar RatingTM
Description
The investment seeks high current income that is exempt from federal income tax, including alternative minimum tax. The fund invests, under usual circumstances, at least 80% of its assets in municipal bonds that are exempt from federal income tax, including the alternative minimum tax ("AMT"). It intends to invest a substantial portion of its assets in high yield municipal bonds and "private activity" bonds. The fund may also invest, without limitation, in higher rated municipal bonds. It may invest a portion of its total assets in "private activity" bonds whose interest is a tax-preference item for purposes of the AMT.
Fund filings (PDF) »
Fund filings (PDF) »
Asset manager:
Douglas Revello (Started: May 18, 2009)
Douglas Revello (Started: May 18, 2009)
Spirit of America, 477 Jericho Turnpike
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | -2.07 | -1.41 | -4.03 | - | |
| Beta* | 1.50 | 1.34 | 1.67 | - | |
| Mean annual return | 0.46 | 0.56 | 0.49 | - | |
| R-squared* | 97.90 | 91.76 | 71.38 | - | |
| Standard deviation | 4.32 | 5.28 | 9.40 | - | |
| Sharpe ratio | 1.27 | 1.26 | 0.60 | - | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| New York N Y City Indl Dev Agy Pilot 5% | 2.47% | |
| Chicago Ill Brd Ed Go Dedica 5% | 1.70% | |
| Munster Ind Econ Dev Rev Economic 5.125% | 1.33% | |
| New Jersey Econ Dev Auth 4% | 1.33% | |
| Metropolitan Transn Auth 4% | 1.07% | |
| Harris Cnty Tex Cultural Ed Fa Med Fa 5% | 1.06% | |
| Puerto Rico Sales Tax Fing Cor Sales 6% | 1.03% | |
| Puerto Rico Comwlth Go Pub Im 6% | 0.89% | |
| North Tex Twy Auth 6.125% | 0.86% | |
| California St Go Bds 4% | 0.77% |