Spirit of America Income Fund (SOAIX)
The fund invests at least 80% of its assets in a portfolio of taxable municipal bonds, income producing convertible securities, preferred stocks, high yield U.S. corporate bonds, and CMOs. It may also invest in U.S. government agency securities issued or guaranteed by U.S. government-sponsored enterprises and federal agencies, including securities issued by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association. The fund may also invest in MLPs, equity securities of dividend paying companies and private placements.
Fund Info
US8485791086
Dec 30, 2008
$500
Expense Ratio
SOAIX has a high expense ratio of 1.12%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Spirit of America Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Spirit of America Income Fund had a return of 1.37% year-to-date (YTD) and 5.77% in the last 12 months. Over the past 10 years, Spirit of America Income Fund had an annualized return of 2.65%, while the S&P 500 had an annualized return of 11.31%, indicating that Spirit of America Income Fund did not perform as well as the benchmark.
SOAIX
1.37%
0.57%
-0.41%
5.77%
0.31%
2.65%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SOAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.87% | 1.37% | |||||||||||
| 2024 | 1.27% | 0.05% | 1.22% | -3.14% | 2.14% | 0.84% | 2.10% | 2.01% | 2.04% | -1.39% | 1.20% | -3.39% | 4.84% |
| 2023 | 6.26% | -2.69% | -0.11% | 1.04% | -2.06% | 1.35% | -0.13% | -0.89% | -2.37% | -2.47% | 5.93% | 2.04% | 5.53% |
| 2022 | -1.15% | -1.43% | -1.40% | -4.35% | 1.58% | -3.40% | 3.38% | -3.06% | -5.41% | -0.64% | 4.51% | -4.55% | -15.27% |
| 2021 | -0.45% | -0.69% | 0.61% | 1.34% | 0.93% | 1.55% | 0.83% | 0.10% | -0.96% | 1.24% | -0.99% | 0.00% | 3.50% |
| 2020 | 1.95% | 0.59% | -7.96% | 2.52% | 1.57% | 1.04% | 2.40% | 0.62% | -0.64% | -0.99% | 3.89% | 1.31% | 5.96% |
| 2019 | 2.21% | 0.53% | 2.36% | -0.07% | 1.67% | 1.36% | 0.69% | 2.37% | -0.06% | -0.13% | -0.21% | 0.43% | 11.67% |
| 2018 | -0.97% | -1.31% | 0.72% | -0.14% | 1.18% | 0.38% | 0.28% | 0.83% | -0.91% | -1.51% | -0.12% | 0.77% | -0.84% |
| 2017 | 0.90% | 1.23% | 0.03% | 0.88% | 0.71% | 0.36% | 0.46% | 1.47% | -0.13% | 0.20% | 0.41% | 0.80% | 7.55% |
| 2016 | 1.25% | 0.83% | 1.04% | 0.80% | 1.29% | 2.65% | 1.22% | 0.13% | -0.05% | -1.67% | -2.69% | 0.21% | 5.01% |
| 2015 | 2.43% | -0.99% | 0.45% | -0.52% | -0.10% | -1.92% | 1.00% | -0.36% | -0.12% | 0.57% | -0.18% | -0.32% | -0.13% |
| 2014 | 2.97% | 0.78% | 0.86% | 2.00% | 2.31% | 0.81% | 0.06% | 2.50% | -0.85% | 0.99% | 1.33% | 0.31% | 14.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SOAIX is 47, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Spirit of America Income Fund (SOAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Spirit of America Income Fund provided a 4.85% dividend yield over the last twelve months, with an annual payout of $0.49 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.49 | $0.48 | $0.50 | $0.48 | $0.47 | $0.52 | $0.54 | $0.53 | $0.53 | $0.56 | $0.60 |
Dividend yield | 4.85% | 4.90% | 4.77% | 5.00% | 3.88% | 3.79% | 4.28% | 4.70% | 4.38% | 4.49% | 4.76% | 4.89% |
Monthly Dividends
The table displays the monthly dividend distributions for Spirit of America Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.49 |
| 2023 | $0.03 | $0.03 | $0.05 | $0.04 | $0.04 | $0.06 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2022 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.50 |
| 2021 | $0.02 | $0.03 | $0.05 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.48 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.02 | $0.07 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.47 |
| 2019 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.52 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.54 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.06 | $0.53 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.03 | $0.06 | $0.04 | $0.04 | $0.04 | $0.06 | $0.53 |
| 2015 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.56 |
| 2014 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.60 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Spirit of America Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Spirit of America Income Fund was 19.14%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Spirit of America Income Fund drawdown is 6.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.14% | Nov 10, 2021 | 488 | Oct 19, 2023 | — | — | — |
| -14.37% | Mar 9, 2020 | 11 | Mar 23, 2020 | 166 | Nov 16, 2020 | 177 |
| -8.2% | Jan 21, 2009 | 33 | Mar 9, 2009 | 47 | May 14, 2009 | 80 |
| -7.73% | May 3, 2013 | 75 | Aug 19, 2013 | 152 | Mar 27, 2014 | 227 |
| -6.31% | Sep 29, 2010 | 63 | Dec 28, 2010 | 88 | May 4, 2011 | 151 |
Volatility
Volatility Chart
The current Spirit of America Income Fund volatility is 1.83%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.