Spirit of America open-end and exchange-traded products are costlier than similarly distributed funds at other highly-rated asset managers, on average in the second most expensive quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. With an average asset-weighted tenure of six years among the longest-tenured managers at Spirit of America, the firm is on par with peers. Seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions. The firm's risk-adjusted performance compares similarly to competitors. Across all open-end and exchange-traded funds, the firm's average overall Morningstar Rating is 3.3 stars, which is about standard.
In an increasingly competitive industry, Spirit of America falls behind on a number of key metrics, resulting in a Below Average Parent Pillar rating.