SOAMX Fees and Costs — Spirit of America Municipal Tax Free Bond Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 0.93%: a 0.60% management fee, a 0.15% 12b-1 fee plus 0.68% other expenses, less a 0.50% fee waiver. This share class carries a maximum front-end sales load of 4.75% and a deferred sales charge of up to 1.00%. Portfolio turnover was 26%.
SOAMX Fees and Expenses
Annual operating expenses and sales charges of SOAMX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.68% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.50% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SOAMX Costs Over Time
On $10,000 invested in SOAMX, assuming 5% a year before costs, total costs come to $1,161 over 5 years, cutting the return by 1.98% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $574 | $475 | $475 |
| Fund expenses (net expense ratio 0.93%) | $93 | $290 | $504 |
| Lost growth on money paid in costs | $24 | $89 | $182 |
| Total costs | $691 | $855 | $1,161 |
| Value after costs | $9,809 | $10,722 | $11,602 |
| Impact on return, per year | 6.91% | 2.65% | 1.98% |
SOAMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $17.0M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
SOAMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE MUNICENTER LLC | $17.0M | 100.00% |
Spirit of America Municipal Tax Free Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SOIMX | Institutional Class | 0.77% | none |
| SOAMX | Class A | 0.93% | 4.75% |
| SACFX | Class C | 1.78% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.