SOAAX Fees and Costs — Spirit of America Real Estate Income and Growth Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.62%: a 0.97% management fee, a 0.30% 12b-1 fee plus 0.35% other expenses. This share class carries a maximum front-end sales load of 5.25% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $5K in broker commissions, 0.0064% of average net assets, and portfolio turnover was 8%.
SOAAX Fees and Expenses
Annual operating expenses and sales charges of SOAAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.97% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.62% |
| Fee waiver | — |
| Net expense ratio | 1.62% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SOAAX Costs Over Time
On $10,000 invested in SOAAX, assuming 5% a year before costs, total costs come to $1,622 over 5 years, cutting the return by 2.82% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $623 | $525 | $525 |
| Fund expenses (net expense ratio 1.62%) | $161 | $500 | $861 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $26 | $108 | $233 |
| Total costs | $811 | $1,134 | $1,622 |
| Value after costs | $9,689 | $10,442 | $11,141 |
| Impact on return, per year | 8.11% | 3.55% | 2.82% |
SOAAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0064%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
SOAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $2K | 47.81% |
| RBC CAPITAL MARKETS | $2K | 38.71% |
| JONES TRADING | $587 | 12.83% |
| Jeffries & Co | $30 | 0.66% |
Spirit of America Real Estate Income and Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SOIAX | Institutional Class | 1.32% | none |
| SOAAX | Class A | 1.62% | 5.25% |
| SACRX | Class C | 2.32% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.