Spirit of America High Yield Tax Free Bond Fund Class A

 (MUTF:SOAMX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.09%  
1 week
   
-0.06%  
4 week
   
-0.93%  
3 month   +1.46%
   
YTD   +10.90%
   
1 year   +10.17%
   
3 years*   +4.15%
   
5 years*   +5.26%
   
*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 Low High
5 years Average High
10 years     -     - -
Overall Below Average High

Key statistics

Total assets104.81M 
Front load4.75%  
Deferred load-  
Expense ratio0.90%  
Management fee-  
Fund familySpirit of America 

Asset allocation

Cash0.08%  
Stocks0.00%  
Bonds99.92%  
Other0.00%  

Purchase information

Initial$500  
Additional$50  
IRA Initial$500  
AIP Initial$500  
AIP Additional$50  
9.56+0.01(0.10%)
Nov 20, 4:00PM EST Overall Morningstar RatingTM

Description

The investment seeks to provide high current income that is exempt from federal income tax, including alternative minimum tax. The fund invests, under normal 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) »
Asset manager:
Douglas Revello (Started: May 18, 2009)
Advisor Company:
Spirit Of America Management Corp
Fund family reports on Morningstar »
Spirit of America, 477 Jericho Turnpike, Syosset, NY 11791, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* -1.70 -3.28 -2.40     -
Beta* 1.50 1.60 1.47     -
Mean annual return 0.81 0.38 0.44     -
R-squared* 94.47 95.60 89.94     -
Standard deviation 3.82 6.26 5.88     -
Sharpe ratio 2.52 0.71 0.88     -
* Against standard index

Top 10 holdings