Spirit of America Real Estate Income & Growth Fund Class A SOAAX

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SOAAX’s performance objective and investment process is for both security selection and portfolio construction.

The People Pillar is our evaluation of the SOAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

The Parent Pillar is our rating of SOAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.