SOIVX Fees and Costs — Spirit of America Large Cap Value Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 1.23%: a 0.97% management fee plus 0.26% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0037% of average net assets, and portfolio turnover was 10%.
SOIVX Fees and Expenses
Annual operating expenses and sales charges of SOIVX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.97% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.23% |
| Fee waiver | — |
| Net expense ratio | 1.23% |
| 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 |
SOIVX Costs Over Time
On $10,000 invested in SOIVX, assuming 5% a year before costs, total costs come to $768 over 5 years, cutting the return by 1.30% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $423 | $768 |
| Value after costs | $10,370 | $11,153 | $11,995 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
SOIVX 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
SOIVX 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% |
SOIVX 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.