SOAAX: Spirit of America Real Estate Inc & Gr A

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SOAAX Spirit of America Real Estate Inc & Gr A


Profile

SOAAX - Profile

Vitals

  • YTD Return -11.2%
  • 3 Yr Annualized Return -3.0%
  • 5 Yr Annualized Return -3.7%
  • Net Assets $82.9 M
  • Holdings in Top 10 50.5%

52 WEEK LOW AND HIGH

$10.62
$7.51
$12.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.54%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 4.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500
  • IRA $500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return -11.2%
  • 3 Yr Annualized Total Return -3.0%
  • 5 Yr Annualized Total Return -3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Spirit of America Real Estate Income & Growth Fund
  • Fund Family Name
    Spirit of America
  • Inception Date
    Jan 09, 1998
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas Revello

Fund Description

The fund invests primarily in real estate investment trusts ("REITs") with successful track records. REITs are pooled investment vehicles which invest primarily in income-producing real estate or real estate-related loans or interests. The advisor intends to invest at least 80% of its total assets in equity REITs and the equity securities of real estate industry companies. It may also invest in mortgage-backed securities, investment-grade taxable municipal obligations, master limited partnerships ("MLPs") and short-term investments.


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Categories

Performance

SOAAX - Performance

Return Ranking - Trailing

Period SOAAX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.2% -36.4% 17.4% 52.69%
1 Yr -10.7% -54.6% 21.5% 31.66%
3 Yr -3.0%* -23.8% 12.6% 51.53%
5 Yr -3.7%* -23.4% 10.0% 57.65%
10 Yr 2.7%* -8.3% 6.5% 53.13%

* Annualized

Return Ranking - Calendar

Period SOAAX Return Category Return Low Category Return High Rank in Category (%)
2019 19.2% -22.7% 43.1% 47.62%
2018 -13.9% -44.0% 2.2% 77.31%
2017 -0.2% -16.4% 25.4% 60.00%
2016 -1.2% -28.0% 12.5% 47.29%
2015 -9.9% -19.4% 2.4% 80.00%

Total Return Ranking - Trailing

Period SOAAX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.2% -36.4% 17.4% 52.69%
1 Yr -10.7% -54.6% 21.5% 31.66%
3 Yr -3.0%* -20.9% 12.6% 71.18%
5 Yr -3.7%* -15.3% 10.0% 84.18%
10 Yr 2.7%* -4.0% 10.5% 84.38%

* Annualized

Total Return Ranking - Calendar

Period SOAAX Return Category Return Low Category Return High Rank in Category (%)
2019 19.2% -22.7% 43.1% 47.62%
2018 -13.9% -43.3% 2.2% 86.97%
2017 -0.2% -13.6% 31.4% 88.84%
2016 -1.2% -12.3% 12.5% 82.27%
2015 -9.9% -15.2% 7.7% 88.11%

NAV & Total Return History


Holdings

SOAAX - Holdings

Concentration Analysis

SOAAX Category Low Category High SOAAX % Rank
Net Assets 82.9 M 1.34 M 57.6 B 77.60%
Number of Holdings 88 20 632 16.97%
Net Assets in Top 10 39.4 M 702 K 27.1 B 79.70%
Weighting of Top 10 50.52% 11.0% 79.3% 50.57%

Top 10 Holdings

  1. Prologis Inc 11.80%
  2. Digital Realty Trust Inc 6.78%
  3. QTS Realty Trust Inc Class A 5.28%
  4. Equinix Inc 4.89%
  5. Sun Communities Inc 4.67%
  6. CoreSite Realty Corp 4.45%
  7. CyrusOne Inc 3.78%
  8. Equity Lifestyle Properties Inc 3.17%
  9. Terreno Realty Corp 3.10%
  10. Alexandria Real Estate Equities Inc 2.58%

Asset Allocation

Weighting Return Low Return High SOAAX % Rank
Stocks
96.19% 2.17% 104.60% 77.49%
Preferred Stocks
2.20% 0.00% 47.56% 14.39%
Cash
1.35% -169.14% 13.66% 39.11%
Bonds
0.26% -3.82% 153.60% 10.70%
Other
0.00% -1.84% 93.58% 84.13%
Convertible Bonds
0.00% 0.00% 6.83% 84.13%

Stock Sector Breakdown

Weighting Return Low Return High SOAAX % Rank
Real Estate
98.32% 36.96% 100.00% 78.54%
Energy
1.68% 0.00% 1.68% 1.15%
Utilities
0.00% 0.00% 6.61% 81.99%
Technology
0.00% 0.00% 14.99% 82.38%
Industrials
0.00% 0.00% 10.66% 84.29%
Healthcare
0.00% 0.00% 0.32% 81.61%
Financial Services
0.00% 0.00% 37.05% 85.82%
Communication Services
0.00% 0.00% 3.29% 81.99%
Consumer Defense
0.00% 0.00% 0.23% 81.61%
Consumer Cyclical
0.00% 0.00% 34.25% 89.66%
Basic Materials
0.00% 0.00% 5.97% 81.61%

Stock Geographic Breakdown

Weighting Return Low Return High SOAAX % Rank
US
95.26% 2.17% 103.97% 69.74%
Non US
0.93% 0.00% 25.60% 15.87%

Bond Sector Breakdown

Weighting Return Low Return High SOAAX % Rank
Corporate
57.75% 0.00% 96.04% 10.70%
Cash & Equivalents
35.37% 0.00% 100.00% 83.39%
Municipal
6.88% 0.00% 6.88% 1.11%
Derivative
0.00% 0.00% 8.70% 81.92%
Securitized
0.00% 0.00% 99.20% 84.87%
Government
0.00% 0.00% 63.55% 81.55%

Bond Geographic Breakdown

Weighting Return Low Return High SOAAX % Rank
US
0.26% -3.82% 153.65% 10.33%
Non US
0.00% -0.05% 21.68% 82.29%

Expenses

SOAAX - Expenses

Operational Fees

SOAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.54% 0.07% 19.12% 41.09%
Management Fee 0.97% 0.00% 1.67% 84.87%
12b-1 Fee 0.30% 0.00% 1.00% 64.54%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

SOAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 1.50% 6.50% 72.92%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SOAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

SOAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 1.54% 257.00% 3.02%

Distributions

SOAAX - Distributions

Dividend Yield Analysis

SOAAX Category Low Category High SOAAX % Rank
Dividend Yield 0.00% 0.00% 7.05% 82.29%

Dividend Distribution Analysis

SOAAX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Quarterly Quarterly Quarterly

Net Income Ratio Analysis

SOAAX Category Low Category High SOAAX % Rank
Net Income Ratio 0.74% -2.55% 5.67% 90.26%

Capital Gain Distribution Analysis

SOAAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

SOAAX - Fund Manager Analysis

Managers

Douglas Revello


Start Date

Tenure

Tenure Rank

Nov 18, 2015

4.7

4.7%

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
0.14 26.59 8.81 14.59