SOAOX Fees and Costs — Spirit of America Income and Opportunity Fund, Class A
Data updated: 2023-03-15
The net expense ratio is 1.26%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.50% other expenses, less a 0.15% 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 2022 the fund paid $317 in broker commissions, 0.0014% of average net assets, and portfolio turnover was 7%.
SOAOX Fees and Expenses
Annual operating expenses and sales charges of SOAOX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.41% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.26% |
| 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 |
SOAOX Costs Over Time
On $10,000 invested in SOAOX, assuming 5% a year before costs, total costs come to $1,354 over 5 years, cutting the return by 2.33% 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 1.26%) | $126 | $392 | $678 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $24 | $94 | $200 |
| Total costs | $724 | $962 | $1,354 |
| Value after costs | $9,776 | $10,614 | $11,409 |
| Impact on return, per year | 7.24% | 2.99% | 2.33% |
SOAOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0014%
- Total broker commissions: $317
- Bought from dealers (principal trades, not a cost): $2.1M
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
SOAOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONES TRADING | $86 | 52.04% |
| RBC CAPITAL MARKETS | $79 | 47.96% |
SOAOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| LPS FINANCIAL | $956K | 45.60% |
| RBC CAPITAL MARKETS | $891K | 42.48% |
| Wells Fargo Securities LLC | $250K | 11.93% |
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.