Spirit of America Municipal Tax Free Bond Fund Class C is a mutual fund specializing in municipal bonds, with the primary objective of generating high current income that is exempt from federal income tax, including the alternative minimum tax. The fund typically allocates at least 80% of its assets to a diversified portfolio of municipal securities issued by state and local governments across the United States. These securities support a variety of public initiatives such as housing, infrastructure, education, and transportation, impacting sectors critical to local and state development. The fund’s holdings comprise over 130 individual issuers, providing diversification within the municipal bond market. It offers monthly income distributions and is designed for investors seeking the benefits of tax-exempt income. The fund manages risks inherent to municipal bonds, such as interest rate fluctuations and credit risk, by maintaining a broad allocation across regions and sectors. With a moderate risk profile and a focus on generating consistent, tax-advantaged yield, Spirit of America Municipal Tax Free Bond Fund Class C plays a role in income-oriented portfolios aiming to reduce tax liabilities while supporting essential public infrastructure projects.
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