SOIAX Fees and Costs — Spirit of America Real Estate Income and Growth Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 1.32%: a 0.97% management fee plus 0.35% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0064% of average net assets, and portfolio turnover was 8%.
SOIAX Fees and Expenses
Annual operating expenses and sales charges of SOIAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.97% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.32% |
| Fee waiver | — |
| Net expense ratio | 1.32% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
SOIAX Costs Over Time
On $10,000 invested in SOIAX, assuming 5% a year before costs, total costs come to $824 over 5 years, cutting the return by 1.39% 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 |
| Fund expenses (net expense ratio 1.32%) | $139 | $431 | $745 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $21 | $76 |
| Total costs | $139 | $455 | $824 |
| Value after costs | $10,361 | $11,122 | $11,939 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
SOIAX 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
SOIAX 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.