Spirit of America Income Fund
The Spirit of America Income Fund seeks high current income.
Seeks to achieve objective by investing, under normal circumstances at least 80% of portfolio in:
- Taxable municipal bonds* (including Build America Bonds)
- Preferred stock
- Income producing convertible securities
- High yield U.S. corporate bonds
- Intermediate to long-term investors seeking hight current income.
- Investors willing to accept the risks and potential volatility of such investments.
Download the latest Spirit of America Income Fund Fact Sheet >>
The Fund began on 12/31/08.
Offering by prospectus only. Investors are advised to consider the Fund's investment objectives, risks, and charges and expenses before investing. The prospectus contains this and other information about the investment company. For complete information regarding performance data current to the most recent month end and to obtain a prospectus, contact David Lerner Associates, Inc., 477 Jericho Turnpike, Syosset, New York 11791-9006, 1-800-367-3000. Read the prospectus carefully before you invest or send money.
Neither the information nor any statement expressed or implied herein, constitutes solicitation by David Lerner Associates, Inc. for the purchase or sale of any securities.
*Investing in taxable securities involves various risks, including interest rate risk and credit risk. If interest rates rise, bond prices will fall. In addition, because the Fund intends to invest in lower rated securities which may be considered speculative, the credit risk is heightened for the Fund. As with any mutual fund, loss of principal is a risk of investing.
**The market value of CMOs is subject to change based on mortgage rates and changes in current interest rates. Yields and anticipated lives will fluctuate depending on the actual rate at which mortgage holders prepay the mortgages underlying the CMO and changes in current interest rates. Yield and duration uncertainty may be increased to the extent underlying mortgages may include sub-prime mortgages.