Investment objective & strategy
As of April 29, 2025 · prospectusObjective. Investment Objective: The Value Fund seeks to provide capital appreciation with a secondary objective of current income.
Strategy. Principal Investment Strategies: The Value Fund focuses on the large cap value segment of the U.S. equity market. The Value Fund invests at least 80% of its total assets in large cap equity securities of companies in the value segment of the market. The Value Fund considers a company to be a large cap company if it has a market capitalization of $5 billion or greater at the time of purchase. Using the value approach, Spirit of America Management Corp. (the Adviser) buys for the Value Fund those securities considered to be conservatively valued relative to the securities of comparable companies. To earn current income, the Value Fund will invest in the equity securities of companies that have a proven … Principal Investment Strategies: The Value Fund focuses on the large cap value segment of the U.S. equity market. The Value Fund invests at least 80% of its total assets in large cap equity securities of companies in the value segment of the market. The Value Fund considers a company to be a large cap company if it has a market capitalization of $5 billion or greater at the time of purchase. Using the value approach, Spirit of America Management Corp. (the Adviser) buys for the Value Fund those securities considered to be conservatively valued relative to the securities of comparable companies. To earn current income, the Value Fund will invest in the equity securities of companies that have a proven history of paying consistent dividends. The Value Fund may also invest in master limited partnerships (MLPs). The Value Fund emphasizes stocks of companies that are believed to be fundamentally attractive based on certain valuation factors. Among the valuation factors used to evaluate these stocks are companies with lower debt ratios than their peer group and companies that are undervalued vs. the companys intrinsic worth and future income potential. These stocks generally have growth prospects that are viewed as sub-par by the market. Reflecting these market expectations, the prices of value stocks typically are below-average relative to such factors as revenue, earnings, book value and dividends.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $28.27M | 13.62% |
| ALPHABET INC CL A | — | $12.74M | 6.14% |
| APPLE INC | — | $9.06M | 4.36% |
| CATERPILLAR INC | — | $7.93M | 3.82% |
| MICROSOFT CORP | — | $7.14M | 3.44% |
| JPMORGAN CHASE and CO | — | $6.79M | 3.27% |
| AMAZON.COM INC | — | $6.47M | 3.12% |
| COSTCO WHOLESALE CORP | — | $4.66M | 2.25% |
| ORACLE CORP | — | $4.56M | 2.20% |
| APPLIED MATERIALS INC | — | $4.07M | 1.96% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| iShares S&P 100 ETF · OEF | 56% | 0.20% |
| WisdomTree U.S. Adaptive Moving Average Fund · WAMA | 56% | 0.32% |
| WisdomTree 500 Digital Fund · SPXUX | 56% | 0.05% |
Advisers
| Firm | Role |
|---|---|
| Spirit of America Management Corp. | Adviser |
Footnotes
- Expense ratio as of April 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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