Spirit of America Income Fund Class A is an open-end mutual fund designed to provide high current income by allocating its investments primarily across a diversified fixed income portfolio. The fund typically invests at least 80% of its assets in taxable municipal bonds, high yield U.S. corporate bonds, income-producing convertible securities, preferred stocks, and collateralized mortgage obligations, with some additional exposure to U.S. government agency securities. This multi-sector approach allows the fund to participate in various segments of the bond market, aiming to capture a competitive yield while managing credit and interest rate risk. The fund holds approximately 150 positions, spanning multiple states and sectors, and manages credit quality through careful selection, utilizing ratings from agencies such as Moody’s and S&P. With a monthly dividend distribution, its structure is suitable for investors seeking steady income and willing to accept the related volatility and credit risk of its underlying holdings. Since its inception in 2008, the Spirit of America Income Fund Class A has played a role in offering income-focused investors exposure to a broad range of fixed income assets.
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