SOIUX Fees and Costs — Spirit of America Utilities Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 1.28%: a 0.97% management fee plus 0.46% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0112% of average net assets, and portfolio turnover was 1%.
SOIUX Fees and Expenses
Annual operating expenses and sales charges of SOIUX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.97% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.28% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
SOIUX Costs Over Time
On $10,000 invested in SOIUX, assuming 5% a year before costs, total costs come to $803 over 5 years, cutting the return by 1.36% 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 1.28%) | $134 | $418 | $723 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $443 | $803 |
| Value after costs | $10,364 | $11,134 | $11,960 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
SOIUX 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): 0.0112%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $754K
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
SOIUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities LLC | $3K | 63.24% |
| RBC CAPITAL MARKETS | $1K | 26.08% |
| JONES TRADING | $460 | 10.68% |
Spirit of America Utilities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SOIUX | Institutional Class | 1.28% | none |
| SOAUX | Class A | 1.53% | 5.75% |
| SOCUX | Class C | 2.29% | 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.