The Spirit of America High Yield Tax-Free Bond Fund (SOAMX) seeks higher returns than
the typical returns of government bonds. The Fund has bonds from 23 states and one territory, Puerto Rico. SOAMX has bonds that cover various sectors throughout the entire spectrum of municipal bonds.
The Spirit of America Large Cap Value Fund’s objective is to seek long-term growth primarily through capital appreciation with a secondary objective of current income. We look for companies
with low valuations, stable earnings and strong financial statements.