Fund Evaluator:

Spirit of America Large Cap Value Inst Overview

Spirit of America Large Cap Value Inst (SOIVX) is an actively managed U.S. Equity Large Blend fund. Spirit of America launched the fund in 2020.

The investment seeks to provide capital appreciation with a secondary objective of current income. The fund's advisor focuses on the large cap value segment of the U.S. equity market. It invests at least 80% of its total assets in large cap equity securities of companies in the value segment of the market. The advisor considers a company to be a large cap company if it has a market capitalization of $5 billion or greater at the time of purchase. To earn current income, the fund will invest in the equity securities of companies that have a proven history of paying consistent dividends. It may also invest in MLPs.

About Spirit of America Large Cap Value Inst (SOIVX)

There are 2 members of the management team with an average tenure of 4.91 years: Douglas Revello (2018), Sean Mitchell (2025). 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 MSCI US REIT NR USD index with a weighting of 100%. Spirit of America Large Cap Value Inst has 146 securities in its portfolio. The top 10 holdings constitute 45.5% 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 Large Cap Value Inst is part of the Equity global asset class and is within the U.S. Equity fund group. Spirit of America Large Cap Value Inst has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.9%. There is 0.5% allocated to foreign stock, and 0.1% 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 Large Cap Value Inst has 0.6% of the portfolio in cash.

Assets Under Management

The fund has $31 million in total assets, which is below the $6 billion average for the Large Blend 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.

SOIVX 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 Large Cap Value Inst expense ratio is high compared to funds in the Large Blend category. Spirit of America Large Cap Value Inst has an expense ratio of 1.23%, which is 51% higher than its category average, making the fund expense ratio grade a F. 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 Large Cap Value Inst has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, Spirit of America Large Cap Value Inst returned -1.9%, which earned it a grade of F, as the Large Blend category had an average return of 0.4%. 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 Large Cap Value Inst has a trailing yield of 3.71%, which is above the 0.56% category average. The fund normally distributes its income quarterly.

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 Large Cap Value Inst Grades

Year to date, the fund has returned 11.4%, 2.1 percentage points better than the category, which translates into a grade of A. The fund has returned 19.0% over the past year (grade of B), 22.3% over the past three years (grade of A) and 15.2% per year over the past five years (grade of A) and 15.1% per year over the past 10 years (grade of A).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Spirit of America Large Cap Value Inst, including its riskiness, submit your email to unlock the rest of the article.