Fund Evaluator:
Spirit of America Utilities A (SOAUX)
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Best Performing in Utilities Over the Last Year
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Fund Details
Spirit of America Utilities A Overview
Spirit of America Utilities A (SOAUX) is an actively managed Sector Equity Utilities fund. Spirit of America launched the fund in 2023.
The investment seeks to provide investors current income and capital appreciation. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings in a combination of securities and other assets of utility and utility related companies. These are companies that are principally engaged in utilities operations such as providing electricity, natural gas, water, internet services, email (electronic mail), data communications, mobile and cellular infrastructure to the public.
About Spirit of America Utilities A (SOAUX)
There are 2 members of the management team with an average tenure of 3.50 years: Douglas Revello (2023), Mark Reilly (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P 500 Utilities TR index with a weighting of 100%. Spirit of America Utilities A has 55 securities in its portfolio. The top 10 holdings constitute 38.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Spirit of America Utilities A is part of the Equity global asset class and is within the Sector Equity fund group. Spirit of America Utilities A has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.5%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Spirit of America Utilities A has 2.5% of the portfolio in cash.
Assets Under Management
The fund has $58 million in total assets, which is below the $503 million average for the Utilities category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SOAUX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Spirit of America Utilities A expense ratio is high compared to funds in the Utilities category. Spirit of America Utilities A has an expense ratio of 1.53%, which is 38% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Spirit of America Utilities A has a portfolio turnover rate of 1%, indicating that holds its assets around 1.0 years. By way of comparison, the average portfolio turnover is 53% for the Utilities category.
Recently, in the month of July 2026, Spirit of America Utilities A returned -2.9%, which earned it a grade of D, as the Utilities category had an average return of -2.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Spirit of America Utilities A has a trailing yield of 8.11%, which is above the 2.98% category average. The fund normally distributes its income semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Spirit of America Utilities A Grades
Year to date, the fund has returned 4.9%, 0.7 percentage points worse than the category, which translates into a grade of C. The fund has returned 5.6% over the past year (grade of C) and 12.3% over the past three years (grade of C).
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SOAUX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SOAUX Return (NAV) | -2.9% | -4.8% | 5.6% | 12.3% | na | na |
| SOAUX Grade | D | B | C | C | na | na |
| +/- Category | -0.3% | 0.6% | -2.2% | -0.1% | na | na |
| Utilities Avg | -2.6% | -5.4% | 7.8% | 12.5% | 8.9% | 8.4% |
| SOAUX Tax Cost Ratio | na | na | 3.1% | 3.4% | na | na |
SOAUX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SOAUX Return (NAV) | 4.9% | 14.6% | 22.7% | na | na | na | na | na | na | na | na |
| SOAUX Grade | C | C | C | na | na | na | na | na | na | na | na |
| +/- Category | -0.7% | -0.1% | 1.5% | na | na | na | na | na | na | na | na |
| Utilities Avg | 5.6% | 14.7% | 21.2% | -4.4% | 0.6% | 16.0% | 0.5% | 23.5% | 2.4% | 12.3% | 15.6% |
| Risk Measures | |
| Standard Deviation: | 14.0% |
| Total Risk Index: | 1.14 - Above Average |
| Category Risk Index: | 0.95 - Below Average |
| Category Risk Grade: | B (28% Rank) |
| Beta: | 0.46 |
| R-Squared: | 17% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 8.1% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | |
| Total Assets: | $58 Mil |
| Fund Total Assets: | $ 59 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 1% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.5 years | |||
| Average Tenure: 3.5 years | |||
| Managers (Year): Revello Douglas (2023), Reilly Mark (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 55 |
| % in Top 10 Holdings: | 38.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 97.5% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.5% |
Purchase Information
| Fund Family: | Spirit of America |
| Phone Number: | 800-452-4892 |
| Website: |
| Status: | Open |
| Inception Date: | January 30, 2023 |
| Min. Initial Purchase: | $ 500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.53% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.11% |
| Share Class: | Spirit of America Utilts Inst |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
