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Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Spirit of America Energy Fund

SACEX | Fund

$11.81

$213 M

0.00%

2.27%

Vitals

YTD Return

13.3%

1 yr return

26.1%

3 Yr Avg Return

22.4%

5 Yr Avg Return

31.8%

Net Assets

$213 M

Holdings in Top 10

55.7%

52 WEEK LOW AND HIGH

$11.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.27%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 6.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Spirit of America Energy Fund

SACEX | Fund

$11.81

$213 M

0.00%

2.27%

SACEX - Profile

Distributions

  • YTD Total Return 13.3%
  • 3 Yr Annualized Total Return 22.4%
  • 5 Yr Annualized Total Return 31.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.87%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Spirit of America Energy Fund
  • Fund Family Name
    Spirit of America
  • Inception Date
    Mar 15, 2016
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Douglas Revello

Fund Description

Principal Investment Strategies: The Energy Fund seeks to achieve its investment objective by investing at least 80% of its net assets plus any borrowings in a combination of securities and other assets of energy and energy related companies. The Fund seeks to achieve its investment objective through diversified exposure to U.S. and non-U.S securities of energy companies and energy related companies which are companies that are principally engaged in activities in the energy industry, such as the exploration, production, and transmission of energy or energy fuels; the making and servicing of component products for such activities; energy research; and energy conservation. As part of its investment process, the Adviser seeks investment opportunities in the energy industry that may provide steady sources of capital appreciation and current income without incurring unnecessary risks.

● The Master Limited Partnership (“MLP”) securities in which the Fund invests are generally common units representing limited partnership interests of energy infrastructure MLPs. The Fund will invest in MLPs that derive the majority of their revenue from energy infrastructure assets and energy related assets or activities, including businesses: (i) involved in the gathering, transporting, processing, treating, terminalling, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined products or coal, (ii) primarily engaged in the acquisition, exploitation and development of crude oil, natural gas and natural gas liquids, (iii) that process, treat, and refine natural gas liquids and crude oil, and (iv) engaged in owning, managing, and transporting alternative energy infrastructure assets, including alternative fuels such as ethanol, hydrogen and biodiesel. The Fund may invest in MLPs of all market capitalization ranges.
● The Fund may invest in equity securities, including common stock, preferred stock and convertible preferred stock of companies of any capitalization, whether domestic or foreign, with potential for accelerating growth, above-average growth or growth potential, increasing or consistent profitability and/or a proven history of paying consistent dividends. With respect to 20% of the Fund’s net assets, the Fund may invest in equity securities issued by non-energy related companies.
● The Fund may invest in fixed income securities of any grade including those rated below investment grade and of any maturity, as well as non-rated fixed income securities, both short-term and long-term, including zero-coupon securities, taxable and tax-free municipal bonds, income producing convertible fixed income securities, corporate bonds, including high yield U.S. corporate bonds (i.e., “junk” bonds), floating rate bonds and step coupon bonds, municipal lease agreements, certificates of participation and collateralized mortgage obligations (“CMOs”). With respect to 20% of the Fund’s net assets, the Fund may invest in these fixed income securities issued by non-energy related companies.
● The Fund may invest in open-end and closed-end investment companies, the retail shares of actively managed and index exchange-traded funds (“ETFs”), and private equity and debt investments that generally will include traditional private equity and venture capital control positions and minority investments in MLPs and energy infrastructure companies. The Fund currently does not intend that hedge funds, collateralized loan obligations and leveraged buyouts, will be included under such private equity investments.
● The Adviser manages the Fund to achieve investment returns that match or outperform the S&P 500® Index before deducting Fund fees, expenses and taxes, over the long term by utilizing a disciplined investment process which focuses on risk-reduction and provides a considerable current income component. In managing the Fund’s investment portfolio, the Adviser seeks to avoid riskier investments. For example, the Adviser selects the MLPs in which the Fund invests and their weightings in the Fund’s portfolio by focusing on the business risk profiles of the MLPs, and considering other factors such as liquidity. The Adviser believes that its investment process and strategy provide a compelling balance of risk/reward for shareholders.
Read More

SACEX - Performance

Return Ranking - Trailing

Period SACEX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.3% 3.3% 17.3% 19.05%
1 Yr 26.1% 1.3% 40.3% 59.05%
3 Yr 22.4%* 5.3% 35.1% 53.47%
5 Yr 31.8%* -7.9% 33.3% 3.33%
10 Yr N/A* -6.5% 11.0% N/A

* Annualized

Return Ranking - Calendar

Period SACEX Return Category Return Low Category Return High Rank in Category (%)
2023 -14.9% -14.9% 18.2% 100.00%
2022 1.8% -7.0% 29.9% 97.12%
2021 4.2% 4.2% 55.3% 100.00%
2020 47.8% -57.4% 155.1% 4.85%
2019 -8.9% -8.9% 20.8% 100.00%

Total Return Ranking - Trailing

Period SACEX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.3% 3.3% 17.3% 19.05%
1 Yr 26.1% 1.3% 40.3% 59.05%
3 Yr 22.4%* 5.3% 35.1% 53.47%
5 Yr 31.8%* -7.9% 33.3% 3.33%
10 Yr N/A* -6.5% 11.0% N/A

* Annualized

Total Return Ranking - Calendar

Period SACEX Return Category Return Low Category Return High Rank in Category (%)
2023 12.2% -9.3% 25.5% 70.09%
2022 29.3% -1.2% 38.8% 20.19%
2021 33.3% 11.1% 56.2% 85.58%
2020 94.8% -53.9% 155.1% 3.88%
2019 10.7% -3.4% 34.1% 57.61%

NAV & Total Return History

SACEX - Holdings

Concentration Analysis

SACEX Category Low Category High SACEX % Rank
Net Assets 213 M 22 M 53.1 B 69.57%
Number of Holdings 69 16 175 8.26%
Net Assets in Top 10 122 M 19.6 M 3.1 B 75.23%
Weighting of Top 10 55.74% 40.8% 111.7% 89.91%

Top 10 Holdings

  1. Phillips 66 7.14%
  2. ONEOK, Inc. 6.86%
  3. Williams Cos, Inc./The 6.67%
  4. Marathon Petroleum Corp. 6.53%
  5. Morgan Stanley Institutional Liquidity Fund - Government Portfolio 5.75%
  6. Valero Energy Corp. 5.51%
  7. Chevron Corp. 5.18%
  8. Energy Transfer LP 4.94%
  9. Black Stone Minerals, L.P. 3.68%
  10. Hess Midstream LP 3.49%

Asset Allocation

Weighting Return Low Return High SACEX % Rank
Stocks 		94.39% 53.33% 133.88% 91.74%
Cash 		5.75% -58.21% 13.58% 4.59%
Preferred Stocks 		0.00% 0.00% 2.34% 65.14%
Other 		0.00% -36.30% 4.52% 59.63%
Convertible Bonds 		0.00% 0.00% 5.29% 63.30%
Bonds 		0.00% -0.01% 44.12% 60.55%

Stock Sector Breakdown

Weighting Return Low Return High SACEX % Rank
Energy 		95.19% 53.73% 100.00% 52.29%
Utilities 		4.60% 0.00% 41.78% 35.78%
Technology 		0.11% 0.00% 2.43% 19.27%
Basic Materials 		0.11% 0.00% 6.40% 47.71%
Real Estate 		0.00% 0.00% 3.96% 63.30%
Industrials 		0.00% 0.00% 4.54% 71.56%
Healthcare 		0.00% 0.00% 0.00% 63.30%
Financial Services 		0.00% 0.00% 0.66% 65.14%
Communication Services 		0.00% 0.00% 0.00% 63.30%
Consumer Defense 		0.00% 0.00% 0.82% 63.30%
Consumer Cyclical 		0.00% 0.00% 13.46% 66.97%

Stock Geographic Breakdown

Weighting Return Low Return High SACEX % Rank
US 		94.39% 48.92% 132.40% 54.13%
Non US 		0.00% 0.00% 26.09% 87.16%

SACEX - Expenses

Operational Fees

SACEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.27% 0.35% 8.81% 45.37%
Management Fee 0.95% 0.35% 1.38% 40.00%
12b-1 Fee 1.00% 0.00% 1.00% 91.38%
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

SACEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 70.59%

Trading Fees

SACEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SACEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 6.00% 166.00% 2.91%

SACEX - Distributions

Dividend Yield Analysis

SACEX Category Low Category High SACEX % Rank
Dividend Yield 0.00% 0.00% 17.27% 0.87%

Dividend Distribution Analysis

SACEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

SACEX Category Low Category High SACEX % Rank
Net Income Ratio 0.87% -6.38% 9.57% 31.48%

Capital Gain Distribution Analysis

SACEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

SACEX - Fund Manager Analysis

Managers

Douglas Revello

Start Date

Tenure

Tenure Rank

Jan 16, 2020

2.37

2.4%

Douglas Revello serves as the Portfolio Manager. Mr. Revello became the Co-Portfolio Manager in November 18, 2015 and transitioned to Portfolio Manager on July 1, 2016. Mr. Revello has been associated with Spirit of America Management Corp. since May 18, 2009 as the Co-Portfolio Manager through November 17, 2015, and was designated Portfolio Manager on November 18, 2015. Mr. Revello started working at DLA in 1988 as an assistant municipal bond trader and was soon promoted to municipal bond underwriter. As municipal bond underwriter, he led DLA to obtain syndicate membership and manager status for numerous municipal issuers by successfully spearheading the development of DLA’s Syndicate Department and increasing DLA’s municipal underwriting presence. His responsibilities also include institutional and dealer sales. In 2007, Mr. Revello was promoted to Senior Vice President at DLA. He received a Master of Business Administration from Dowling College. Previous employments include J.P. Morgan and Drexel, Burnham & Lambert. Mr. Revello holds a General Securities Representative (Series 7) license, and Uniform Securities Agent State Law Examination (Series 63) license.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 15.78 7.75 12.18

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