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Trending ETFs

Name

As of 03/01/2023

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

$7.57

$23.7 M

7.09%

$0.54

2.01%

Vitals

YTD Return

-3.9%

1 yr return

-23.2%

3 Yr Avg Return

-8.4%

5 Yr Avg Return

-4.3%

Net Assets

$23.7 M

Holdings in Top 10

40.2%

52 WEEK LOW AND HIGH

$7.6
$7.57
$10.30

Expenses

OPERATING FEES

Expense Ratio 2.01%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 7.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/01/2023

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

$7.57

$23.7 M

7.09%

$0.54

2.01%

SACOX - Profile

Distributions

  • YTD Total Return -3.9%
  • 3 Yr Annualized Total Return -8.4%
  • 5 Yr Annualized Total Return -4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 7.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Spirit of America Income & Opportunity Fund
  • Fund Family Name
    Spirit of America
  • Inception Date
    Mar 15, 2016
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Reilly

Fund Description

The Opportunity Fund seeks to achieve its investment objective by investing a substantial percentage of its total assets in a combination of the following:

Equity securities, including common stock, preferred stock and convertible preferred stock of companies of any capitalization (including small cap companies), 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.
Fixed income securities of any grade, 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 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”). Step coupon bonds are bonds that typically do not entitle the holder to any periodic payments of interest for some initial period after the issuance of the obligation; thereafter, step coupon bonds pay interest for fixed periods of time at particular interest rates. Floating rate bonds pay interest at rates that are adjusted periodically according to a specific formula, usually with reference to some interest rate index or market interest rate. The floating rate bond tends to decrease the security’s price sensitivity to changes in interest rates. A CMO is a mortgage-backed bond that separates mortgage pools into different maturity classes. Payments of principal and interest are passed through to each bond issue at varying schedules resulting in bonds with different coupons, effective maturities and sensitivities to interest rates. CMOs issued by U.S. government agencies are backed by agency mortgages, while privately issued CMOs may be backed by either government agency mortgages or private mortgages. The Opportunity Fund 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 (“FNMA”), the Federal Home Loan Mortgage Corporation (“FHLMC”), and the Government National Mortgage Association (“GNMA”). Some of these securities are supported by the full faith and credit of the U.S. Treasury; the remainder are supported only by the credit of the instrumentality, which may or may not include the right of the issuer to borrow from the U.S. Treasury. These also include securities issued by eligible private depository institutions.
Equity REITs and mortgage REITs. A real estate investment trust (“REIT”) is a company that derives at least 75% of its gross income from (a) rents from real property, (b) interests in real property or interest on obligations secured by mortgages, (c) the sale or other disposition of real property, (d) dividends, distributions or other gains from investments in other REITs, (e) abatements or tax refunds on real property, (f) income and gain derived from certain foreclosure property, (g) amounts received or accrued for entering into agreements to make loans secured by mortgages on real property or to purchase or lease property, and (h) certain other qualified temporary investment income. A REIT must also receive 95% of its gross income from (a) dividends, (b) interest, (c) rents from real property, (d) gain from the sale or other disposition of stock, securities, and real property, (e) abatements and refunds on taxes on real property, (f) income and gain from certain foreclosure property, (g) amounts received or accrued for entering into agreements to make loans secured by mortgages on real property or to purchase or lease property, and (h) mineral royalty income. REITs are pooled investment vehicles which invest primarily in income-producing real estate or real estate-related loans or interests. REITs generally are classified as equity REITs, mortgage REITs or a combination of equity and mortgage REITs. Equity REITs invest the majority of their assets directly in real property and derive income primarily from the collection of rents. Mortgage REITs invest the majority of their assets in companies that own real estate mortgages and derive income from the collection of interest payments. REITs are not taxed on income distributed to shareholders provided they comply with several requirements of the Internal Revenue Code of 1986, as amended (the “Code”). The Opportunity Fund will indirectly bear its proportionate share of expenses incurred by REITs in which it invests, in addition to the expenses incurred directly by the Opportunity Fund.
Master Limited Partnerships (“MLPs”), provided that no more than 25% of the net assets of the Opportunity Fund shall be invested in MLPs at any given time. MLPs are publicly traded partnerships typically engaged in the transport, storage, processing, refining, marketing, exploration, production and mining of minerals and natural resources. These activities are often referred to as the “energy infrastructure.”

As part of its investment process, the Adviser relies on the portfolio manager’s investment experience and research to identify investment opportunities in the equity and fixed income securities markets that will provide steady sources of income and some potential for capital appreciation without incurring unnecessary risks.

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SACOX - Performance

Return Ranking - Trailing

Period SACOX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -18.5% 7.5% 95.10%
1 Yr -23.2% -23.3% 41.6% 99.55%
3 Yr -8.4%* -8.9% 9.4% 98.54%
5 Yr -4.3%* -6.9% 5.1% 88.58%
10 Yr N/A* -4.4% 5.5% N/A

* Annualized

Return Ranking - Calendar

Period SACOX Return Category Return Low Category Return High Rank in Category (%)
2023 -27.7% -35.0% 33.6% 97.30%
2022 4.5% -7.0% 7.1% 9.45%
2021 1.3% -3.6% 12.1% 64.88%
2020 1.4% -11.4% 5.1% 87.56%
2019 -1.6% -4.8% 7.6% 31.36%

Total Return Ranking - Trailing

Period SACOX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -18.5% 7.5% 94.65%
1 Yr -23.2% -23.3% 45.8% 99.57%
3 Yr -8.4%* -8.9% 15.2% 98.58%
5 Yr -4.3%* -6.9% 12.6% 91.79%
10 Yr N/A* -4.4% 7.2% N/A

* Annualized

Total Return Ranking - Calendar

Period SACOX Return Category Return Low Category Return High Rank in Category (%)
2023 -27.7% -35.0% 33.6% 97.30%
2022 4.5% -7.0% 14.7% 9.45%
2021 1.3% -3.6% 12.1% 64.88%
2020 1.4% -9.5% 5.1% 87.81%
2019 -1.6% -4.8% 11.8% 69.67%

NAV & Total Return History


SACOX - Holdings

Concentration Analysis

SACOX Category Low Category High SACOX % Rank
Net Assets 23.7 M 130 K 62.8 B 95.16%
Number of Holdings 89 3 25236 34.81%
Net Assets in Top 10 9.67 M 3.05 K 11 B 89.87%
Weighting of Top 10 40.22% 6.3% 100.0% 67.46%

Top 10 Holdings

  1. NVIDIA Corp 6.31%
  2. AMERICAN MUN PWR OHIO INC REV 7.834% 5.74%
  3. READING PA 5.3% 4.38%
  4. PASCO CNTY FLA SCH BRD CTFS PARTN 5% 4.35%
  5. KANSAS ST DEV FIN AUTH REV 4.727% 4.34%
  6. NEWPORT BEACH CALIF CTFS PARTN 7.168% 4.32%
  7. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 3.879% 2.94%
  8. METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN CONVENTION CTR AUTH TOURIS 2.72%
  9. TUCSON ARIZ CTFS PARTN 4.831% 2.68%
  10. Blackstone Inc 2.60%

Asset Allocation

Weighting Return Low Return High SACOX % Rank
Bonds
45.40% 11.31% 94.75% 84.63%
Stocks
43.43% 0.00% 62.91% 24.42%
Preferred Stocks
9.97% -0.03% 39.31% 1.90%
Cash
1.07% -35.68% 69.40% 83.33%
Other
0.11% -9.78% 21.77% 40.51%
Convertible Bonds
0.00% 0.00% 71.77% 98.95%

Stock Sector Breakdown

Weighting Return Low Return High SACOX % Rank
Technology
26.22% 0.00% 29.13% 2.13%
Real Estate
14.35% 0.00% 99.41% 9.38%
Communication Services
12.59% 0.00% 20.68% 0.85%
Energy
12.53% 0.00% 62.93% 7.25%
Financial Services
10.58% 0.00% 83.50% 89.34%
Consumer Cyclical
8.96% 0.00% 15.36% 58.21%
Industrials
6.49% 0.00% 26.64% 94.24%
Healthcare
5.54% 0.00% 27.40% 96.80%
Utilities
2.12% 0.00% 48.33% 89.98%
Basic Materials
0.63% 0.00% 32.82% 98.51%
Consumer Defense
0.00% 0.00% 18.62% 99.15%

Stock Geographic Breakdown

Weighting Return Low Return High SACOX % Rank
US
43.44% 0.00% 51.08% 6.54%
Non US
-0.01% -0.01% 25.18% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High SACOX % Rank
Municipal
70.23% 0.00% 99.85% 4.43%
Corporate
21.12% 0.00% 96.66% 83.33%
Government
6.75% 0.00% 91.45% 87.55%
Cash & Equivalents
1.90% 0.15% 71.66% 97.05%
Derivative
0.00% 0.00% 27.44% 87.55%
Securitized
0.00% 0.00% 52.08% 97.26%

Bond Geographic Breakdown

Weighting Return Low Return High SACOX % Rank
US
45.40% 9.98% 83.14% 46.20%
Non US
0.00% 0.00% 30.21% 100.00%

SACOX - Expenses

Operational Fees

SACOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.01% 0.03% 3.70% 3.97%
Management Fee 0.65% 0.00% 1.25% 91.63%
12b-1 Fee 1.00% 0.00% 1.00% 93.05%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

SACOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 76.83%

Trading Fees

SACOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% 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.

SACOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 2.00% 380.00% 7.00%

SACOX - Distributions

Dividend Yield Analysis

SACOX Category Low Category High SACOX % Rank
Dividend Yield 7.09% 0.00% 7.26% 8.54%

Dividend Distribution Analysis

SACOX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Quarterly Monthly Quarterly

Net Income Ratio Analysis

SACOX Category Low Category High SACOX % Rank
Net Income Ratio 2.10% -1.22% 6.83% 33.78%

Capital Gain Distribution Analysis

SACOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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SACOX - Fund Manager Analysis

Managers

Mark Reilly


Start Date

Tenure

Tenure Rank

Jan 16, 2020

2.37

2.4%

Mark Reilly serves as the Portfolio Manager. Mr. Reilly was previously designated as a Co-Portfolio Manager. Mr. Reilly joined Spirit of America Management Corp on November 18, 2015. Prior to joining Spirit of America Management Corp, Mr. Reilly was the head fixed income trader at DLA, the principal underwriter and distributor, from November 2012 until November 17, 2015. He has over 20 years’ experience trading tax-free municipal bonds, taxable municipal bonds, and mortgage backed securities. Mr. Reilly has a Bachelor’s degree in finance from Adelphi University School of Banking and Money Management and began his career in finance in 1993 with DLA. He is a member of Municipal Bond Club of New York and holds several industry registrations, including General Securities Representative (Series 7) license, Uniform Securities Agent State Law Examination (Series 63) license, and registered principal (Series 23) license.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.4 2.41