SOAIX Fees and Costs — Spirit of America Income Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.14%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.49% other expenses, less a 0.20% fee waiver. This share class carries a maximum front-end sales load of 4.75% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $1K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 0%.
SOAIX Fees and Expenses
Annual operating expenses and sales charges of SOAIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SOAIX Costs Over Time
On $10,000 invested in SOAIX, assuming 5% a year before costs, total costs come to $1,285 over 5 years, cutting the return by 2.20% 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 | $574 | $475 | $475 |
| Fund expenses (net expense ratio 1.14%) | $114 | $355 | $615 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $24 | $93 | $194 |
| Total costs | $712 | $923 | $1,285 |
| Value after costs | $9,788 | $10,653 | $11,478 |
| Impact on return, per year | 7.12% | 2.87% | 2.20% |
SOAIX 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): 0.0024%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $7.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
SOAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONES TRADING | $820 | 59.21% |
| RBC CAPITAL MARKETS | $495 | 35.74% |
| WELLS FARGO SECURITIES LLC | $70 | 5.05% |
SOAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE MUNICENTER LLC | $6.9M | 100.00% |
Spirit of America Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SOITX | Institutional Class | 0.90% | none |
| SOAIX | Class A | 1.14% | 4.75% |
| SACTX | Class C | 1.89% | 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.