Spirit of America Investment Fund, Inc. - Spirit of America Income & Opportunity Fund (SACOX)
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Spirit of America Investment Fund, Inc. - Spirit of America Income & Opportunity Fund
Syosset, NY 11791
477 Jericho Turnpike
Spirit of America Investment Fund Inc
Management Information
,Lead Manager since January 15, 2020
Mark Reilly serves as the Portfolio Manager and is primarily responsible for the day-to-day operations of the Municipal Tax Free Bond Fund, the Income Fund and the Opportunity Fund. Mr. Reilly was previously designated as a Co-Portfolio Manager of the Municipal Tax Free Bond Fund from July 1, 2016 until January 9, 2018. Mr. Reilly joined the Adviser on November 18, 2015. In addition to his portfolio management responsibilities, Mr. Revello co-manages the portfolio management team of the Adviser. Prior to joining the Adviser, Mr. Reilly was the head fixed income trader at DLA, the Funds’ principal underwriter and distributor, from November 2012 until November 17, 2015, and as a fixed income trader at DLA, with primary responsibility for the firm’s mortgage backed fixed income trading from October 1993 until November 2015. He has over 21 years’ experience trading tax-free municipal bonds, taxable municipal bonds, and mortgage backed securities. Mr. Reilly has a Bachelor’s degree in finance from Adelphi University School of Banking and Money Management and began his career in finance in 1993 with DLA. He is a member of Municipal Bond Club of New York and holds several industry registrations, including General Securities Representative (Series 7) license, Uniform Securities Agent State Law Examination (Series 63) license, and registered principal (Series 23) license.
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Morningstar Category
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Fund Overview
CategoryAllocation--30% to 50% Equity
Fund FamilySpirit of America
Net Assets8.15M
YTD Return7.28%
Yield6.31%
Morningstar Rating★★
Inception DateJul 7, 2013
Fund Operations
Last Dividend0.53
Last Cap GainN/A
Holdings Turnover7.00%
Average for CategoryN/A
Fees & Expenses
ExpenseSACOXCategory Average
Annual Report Expense Ratio (net)1.26%0.72%
Prospectus Net Expense Ratio1.26%N/A
Prospectus Gross Expense Ratio1.41%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A4.82%
Max Deferred Sales LoadN/A1.38%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A
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