Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 03/01/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
-3.8%
1 yr return
-23.3%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$23.7 M
Holdings in Top 10
40.2%
Expense Ratio 1.01%
Front Load N/A
Deferred Load N/A
Turnover 7.00%
Redemption Fee N/A
Standard (Taxable)
$100,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 03/01/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Opportunity Fund seeks to achieve its investment objective by investing a substantial percentage of its total assets in a combination of the following:
● | Equity securities, including common stock, preferred stock and convertible preferred stock of companies of any capitalization (including small cap companies), whether domestic or foreign, with potential for accelerating growth, above-average growth or growth potential, increasing or consistent profitability and/or a proven history of paying consistent dividends. |
● | Fixed income securities of any grade, as well as non-rated fixed income securities, both short-term and long-term, including zero-coupon securities, taxable and tax-free municipal bonds, income producing convertible securities, corporate bonds, including high yield U.S. corporate bonds (i.e., junk bonds), floating rate bonds and step coupon bonds, municipal lease agreements, certificates of participation and collateralized mortgage obligations (CMOs). Step coupon bonds are bonds that typically do not entitle the holder to any periodic payments of interest for some initial period after the issuance of the obligation; thereafter, step coupon bonds pay interest for fixed periods of time at particular interest rates. Floating rate bonds pay interest at rates that are adjusted periodically according to a specific formula, usually with reference to some interest rate index or market interest rate. The floating rate bond tends to decrease the securitys price sensitivity to changes in interest rates. A CMO is a mortgage-backed bond that separates mortgage pools into different maturity classes. Payments of principal and interest are passed through to each bond issue at varying schedules resulting in bonds with different coupons, effective maturities and sensitivities to interest rates. CMOs issued by U.S. government agencies are backed by agency mortgages, while privately issued CMOs may be backed by either government agency mortgages or private mortgages. The Opportunity Fund may also invest in U.S. government agency securities issued or guaranteed by U.S. government-sponsored enterprises and federal agencies, including securities issued by the Federal National Mortgage Association (FNMA), the Federal Home Loan Mortgage Corporation (FHLMC), and the Government National Mortgage Association (GNMA). Some of these securities are supported by the full faith and credit of the U.S. Treasury; the remainder are supported only by the credit of the instrumentality, which may or may not include the right of the issuer to borrow from the U.S. Treasury. These also include securities issued by eligible private depository institutions. |
● | Equity REITs and mortgage REITs. A real estate investment trust (REIT) is a company that derives at least 75% of its gross income from (a) rents from real property, (b) interests in real property or interest on obligations secured by mortgages, (c) the sale or other disposition of real property, (d) dividends, distributions or other gains from investments in other REITs, (e) abatements or tax refunds on real property, (f) income and gain derived from certain foreclosure property, (g) amounts received or accrued for entering into agreements to make loans secured by mortgages on real property or to purchase or lease property, and (h) certain other qualified temporary investment income. A REIT must also receive 95% of its gross income from (a) dividends, (b) interest, (c) rents from real property, (d) gain from the sale or other disposition of stock, securities, and real property, (e) abatements and refunds on taxes on real property, (f) income and gain from certain foreclosure property, (g) amounts received or accrued for entering into agreements to make loans secured by mortgages on real property or to purchase or lease property, and (h) mineral royalty income. REITs are pooled investment vehicles which invest primarily in income-producing real estate or real estate-related loans or interests. REITs generally are classified as equity REITs, mortgage REITs or a combination of equity and mortgage REITs. Equity REITs invest the majority of their assets directly in real property and derive income primarily from the collection of rents. Mortgage REITs invest the majority of their assets in companies that own real estate mortgages and derive income from the collection of interest payments. REITs are not taxed on income distributed to shareholders provided they comply with several requirements of the Internal Revenue Code of 1986, as amended (the Code). The Opportunity Fund will indirectly bear its proportionate share of expenses incurred by REITs in which it invests, in addition to the expenses incurred directly by the Opportunity Fund. |
● | Master Limited Partnerships (MLPs), provided that no more than 25% of the net assets of the Opportunity Fund shall be invested in MLPs at any given time. MLPs are publicly traded partnerships typically engaged in the transport, storage, processing, refining, marketing, exploration, production and mining of minerals and natural resources. These activities are often referred to as the energy infrastructure. |
As part of its investment process, the Adviser relies on the portfolio managers investment experience and research to identify investment opportunities in the equity and fixed income securities markets that will provide steady sources of income and some potential for capital appreciation without incurring unnecessary risks.
Period | SOIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.8% | -18.5% | 7.5% | 94.88% |
1 Yr | -23.3% | -23.3% | 41.6% | 100.00% |
3 Yr | N/A* | -8.9% | 9.4% | 63.81% |
5 Yr | N/A* | -6.9% | 5.1% | 57.35% |
10 Yr | N/A* | -4.4% | 5.5% | N/A |
* Annualized
Period | SOIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -27.8% | -35.0% | 33.6% | 97.75% |
2022 | 4.5% | -7.0% | 7.1% | 9.22% |
2021 | N/A | -3.6% | 12.1% | N/A |
2020 | N/A | -11.4% | 5.1% | N/A |
2019 | N/A | -4.8% | 7.6% | N/A |
Period | SOIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.8% | -18.5% | 7.5% | 94.43% |
1 Yr | -23.3% | -23.3% | 45.8% | 100.00% |
3 Yr | N/A* | -8.9% | 15.2% | 58.63% |
5 Yr | N/A* | -6.9% | 12.6% | 53.79% |
10 Yr | N/A* | -4.4% | 7.2% | N/A |
* Annualized
Period | SOIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -27.8% | -35.0% | 33.6% | 97.75% |
2022 | 4.5% | -7.0% | 14.7% | 9.22% |
2021 | N/A | -3.6% | 12.1% | N/A |
2020 | N/A | -9.5% | 5.1% | N/A |
2019 | N/A | -4.8% | 11.8% | N/A |
SOIOX | Category Low | Category High | SOIOX % Rank | |
---|---|---|---|---|
Net Assets | 23.7 M | 130 K | 62.8 B | 94.73% |
Number of Holdings | 89 | 3 | 25236 | 34.39% |
Net Assets in Top 10 | 9.67 M | 3.05 K | 11 B | 89.45% |
Weighting of Top 10 | 40.22% | 6.3% | 100.0% | 66.98% |
Weighting | Return Low | Return High | SOIOX % Rank | |
---|---|---|---|---|
Bonds | 45.40% | 11.31% | 94.75% | 84.21% |
Stocks | 43.43% | 0.00% | 62.91% | 24.00% |
Preferred Stocks | 9.97% | -0.03% | 39.31% | 1.48% |
Cash | 1.07% | -35.68% | 69.40% | 82.91% |
Other | 0.11% | -9.78% | 21.77% | 40.08% |
Convertible Bonds | 0.00% | 0.00% | 71.77% | 98.52% |
Weighting | Return Low | Return High | SOIOX % Rank | |
---|---|---|---|---|
Technology | 26.22% | 0.00% | 29.13% | 1.71% |
Real Estate | 14.35% | 0.00% | 99.41% | 8.96% |
Communication Services | 12.59% | 0.00% | 20.68% | 0.43% |
Energy | 12.53% | 0.00% | 62.93% | 6.82% |
Financial Services | 10.58% | 0.00% | 83.50% | 88.91% |
Consumer Cyclical | 8.96% | 0.00% | 15.36% | 57.78% |
Industrials | 6.49% | 0.00% | 26.64% | 93.82% |
Healthcare | 5.54% | 0.00% | 27.40% | 96.38% |
Utilities | 2.12% | 0.00% | 48.33% | 89.55% |
Basic Materials | 0.63% | 0.00% | 32.82% | 98.08% |
Consumer Defense | 0.00% | 0.00% | 18.62% | 98.72% |
Weighting | Return Low | Return High | SOIOX % Rank | |
---|---|---|---|---|
US | 43.44% | 0.00% | 51.08% | 6.12% |
Non US | -0.01% | -0.01% | 25.18% | 99.58% |
Weighting | Return Low | Return High | SOIOX % Rank | |
---|---|---|---|---|
Municipal | 70.23% | 0.00% | 99.85% | 4.01% |
Corporate | 21.12% | 0.00% | 96.66% | 82.91% |
Government | 6.75% | 0.00% | 91.45% | 87.13% |
Cash & Equivalents | 1.90% | 0.15% | 71.66% | 96.62% |
Derivative | 0.00% | 0.00% | 27.44% | 87.13% |
Securitized | 0.00% | 0.00% | 52.08% | 96.84% |
Weighting | Return Low | Return High | SOIOX % Rank | |
---|---|---|---|---|
US | 45.40% | 9.98% | 83.14% | 45.78% |
Non US | 0.00% | 0.00% | 30.21% | 99.58% |
SOIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.01% | 0.03% | 3.70% | 38.83% |
Management Fee | 0.65% | 0.00% | 1.25% | 91.19% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 8.11% |
Administrative Fee | N/A | 0.01% | 0.70% | N/A |
SOIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
SOIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SOIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 7.00% | 2.00% | 380.00% | 6.52% |
SOIOX | Category Low | Category High | SOIOX % Rank | |
---|---|---|---|---|
Dividend Yield | 8.23% | 0.00% | 7.26% | 4.79% |
SOIOX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Quarterly | Monthly | Quarterly |
SOIOX | Category Low | Category High | SOIOX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.10% | -1.22% | 6.83% | 12.98% |
SOIOX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Date | Amount | Type |
---|---|---|
Jul 01, 2022 | $0.313 | OrdinaryDividend |
Jun 30, 2021 | $0.312 | OrdinaryDividend |
Dec 31, 2020 | $0.119 | OrdinaryDividend |
Jun 30, 2020 | $0.118 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jan 16, 2020
2.37
2.4%
Mark Reilly serves as the Portfolio Manager. Mr. Reilly was previously designated as a Co-Portfolio Manager. Mr. Reilly joined Spirit of America Management Corp on November 18, 2015. Prior to joining Spirit of America Management Corp, Mr. Reilly was the head fixed income trader at DLA, the principal underwriter and distributor, from November 2012 until November 17, 2015. He has over 20 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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 28.73 | 6.4 | 2.41 |
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