Spirit of America Mutual Funds

A family of mutual funds created exclusively for clients of David Lerner Associates, Inc.

 Started in 1998 with the Real Estate Income and Growth Fund, the family has since grown to six funds:

Fund Symbol: SOAAX

The Real Estate Income and Growth Fund invests primarily in real estate investment trusts (REITs) with successful track records. The Fund intends to invest at least 80% of its total assets in equity REITs and the equity securities of real estate industry companies. The Fund looks for stock where the price is low relative to the underlying value of the company and its real estate. 

SOAIX

Fund Symbol: SOAIX

The Income Fund seeks to achieve its investment objective by investing, under usual circumstances, at least 80% of its assets in a portfolio of taxable municipal bonds, income producing convertible securities, preferred stock, high yield U.S. corporate bonds, and collateralized mortgage obligations. The Income Fund may also invest in U.S. government agency securities.

Fund Symbol: SOAMX

The Municipal Tax Free Bond Fund seeks to achieve its investment objectives by investing, under usual circumstances, at least 80% of its assets in municipal bonds.

SOAOX

Fund Symbol: SOAOX

The Income and Opportunity Fund has the flexibility to invest in the following securities to best achieve the objective of providing shareholders with the potential for both income and growth: equity securities, including common stock, preferred stock, and convertible preferred stock; fixed income securities, including taxable municipal bonds, corporate bonds, and CMOs; Real Estate Investment Trusts (REITs) including equity and mortgage REITs; Master Limited Partnerships (MLPs).

 

SOAVX

Fund Symbol: SOAVX

The Value Fund focuses on the large cap value segment of the U.S. equity market. The Value Fund invests at least 80% of its total assets in large cap equity securities of companies in the value segment of the market. Using the “value” approach, the Adviser buys for the Value Fund those securities considered to be conservatively valued relative to the securities of comparable companies. To earn current income, the Value Fund will invest in the equity securities of companies that have a proven history of paying consistent dividends. The Value Fund may also invest in MLPs.

SOAEX

Fund Symbol: SOAEX

The Energy Fund seeks to achieve its investment objective by investing at least 80% of its assets in energy and energy related companies: exploration, production and transmission of energy, or energy fuels. The Fund will invest in Master Limited Partnerships (MLPs) that derive the majority of their revenue from energy infrastructure assets and energy related assets or activities, including businesses; making or servicing of products for energy related activities; energy research; energy conservation.


FIND AN INVESTMENT COUNSELOR VISIT THE SPIRIT OF AMERICA INVESTMENT FUND WEBSITE


There are risks inherent in investing. 

Spirit of America Mutual Funds are offered by prospectus only. Investors are advised to consider the Fund’s investment objectives, risks, charges and expenses before investing. The prospectus contains this and other information about the investment company. Read the prospectus carefully before you invest or send money.

The information in this website is for U.S. and U.S. Virgin Islands residents only. The Spirit of America funds described in this website are registered only in the United States, and the information on this website does not constitute an offer to sell, or a solicitation of an offer to purchase, the Spirit of America funds outside of the United States and U.S. Virgin Islands. The shares of Spirit of America funds are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Spirit of America Funds are distributed exclusively by David Lerner Associates, Inc.

Before investing in any of the Spirit of America funds, investors should carefully read prospectuses and summary prospectuses, if any. In addition, investors should consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses, if any, contain this and other information about the funds, and may be obtained by contacting your Investment Counselor, viewing on the Spirit of America fund’s site, or calling 1-800-367-3000, or by Mail: Spirit of America Management, Corp. 477 Jericho Turnpike, P.O. Box 9006, Syosset, NY 11791-9006.  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, P.O. Box 9006, Syosset, New York 11791-9006, 1-800-367-3000. Member FINRA & SIPC.

The content regarding Spirit of America Funds, Inc.is subject to applicable statutes and regulations, without warranty of any kind.