About SOAUX
Spirit of America Utilities Fund A is an open-end mutual fund focused on investments within the utilities sector. Its primary objective is to provide investors with current income and capital appreciation by allocating at least 80% of its net assets, plus any borrowings, to securities and assets of utility and utility-related companies. The fund targets companies predominantly engaged in operations such as electricity, natural gas, water, internet services, and cellular infrastructure. To achieve a balance between income and growth, the fund invests mostly in dividend-paying common stocks of utility companies that demonstrate stable corporate structures and proven dividend histories.
The portfolio is diversified across 49 holdings, reflecting exposure to various leading utility operators with strong underlying value and reliable cash flows. With a semiannual distribution frequency and an inception date in early 2023, the fund caters to investors seeking stable income streams from the utilities industry. It is best suited for investors aiming to allocate a portion of their portfolio to a sector known for its defensive characteristics and essential services, while being mindful of sector-specific risks and volatility due to its industry concentration.
Fund Family Spirit of America
Category Utilities
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol SOAUX
Share Class Class A Shares
Index Index is not provided by Management Company
SOAUX had a total return of -4.59% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.01%.
