SOAVX Fees and Costs — Spirit of America Large Cap Value Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.53%: a 0.97% management fee, a 0.30% 12b-1 fee plus 0.26% 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 $7K in broker commissions, 0.0037% of average net assets, and portfolio turnover was 10%.
SOAVX Fees and Expenses
Annual operating expenses and sales charges of SOAVX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.97% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.53% |
| Fee waiver | — |
| Net expense ratio | 1.53% |
| 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 |
SOAVX Costs Over Time
On $10,000 invested in SOAVX, assuming 5% a year before costs, total costs come to $1,569 over 5 years, cutting the return by 2.72% 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 1.53%) | $152 | $472 | $814 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $26 | $106 | $228 |
| Total costs | $802 | $1,105 | $1,569 |
| Value after costs | $9,698 | $10,472 | $11,193 |
| Impact on return, per year | 8.02% | 3.45% | 2.72% |
SOAVX 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): 0.0037%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $115K
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
SOAVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $4K | 60.71% |
| RBC CAPITAL MARKETS | $2K | 28.92% |
| JONES TRADING | $724 | 9.96% |
| Jeffries & Co | $30 | 0.41% |
SOAVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jeffries & Co | $115K | 100.00% |
Spirit of America Large Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SOIVX | Institutional Class | 1.23% | none |
| SOAVX | Class A | 1.53% | 5.25% |
| SACVX | Class C | 2.23% | 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.