SAIEX – Spirit of America Energy Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors long-term capital appreciation and current income. The fund seeks to achieve its investment objective by investing at least 80% of its net assets plus any borrowings in a combination of securities and other assets of energy and energy related companies. It seeks to achieve its investment objective through diversified exposure to U.S. and non-U.S. securities of energy companies and energy related companies which are companies that are principally engaged in activities in the energy industry.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SAIEX	Spirit of America Energy Fund Institutional Shares	Institutional	Open			May 1, 2020	$67,999.00	1.280%	High	$100,000	$684.61
SOAEX	Spirit of America Energy Fund Class A	Front Load	Open			Jul 10, 2014	$171.57M	1.520%	High	$500	−$30.47M
SACEX	Spirit of America Energy Fund Class C	Level Load	Open			Mar 15, 2016	$1.42M	2.270%	Above Average	$500	−$457,141.82

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