Spirit of America Utilities Fund Class C (SOCUX)

Overview

The fund operates with a focused investment strategy targeting utility and utility-related companies. Its objective is to provide investors with returns by allocating at least 80% of its assets, along with any borrowings, towards securities and other financial instruments tied to the utilities sector. This sector encompasses a broad range of companies engaged in the provision of essential services including electricity, natural gas, and water, as well as modern utilities like internet and data communications. By investing in this diversified mix of utility services, the fund aims to capture the steady demand and potentially stable returns associated with the utilities industry.

Products and Services

• Electricity Utility Investments:

  Investments in companies that generate, transmit, and distribute electrical power to consumers and businesses. The stability of electricity demand makes this a core area of focus for the fund.

• Natural Gas Utility Investments:

  Engaging in financial instruments related to firms involved in the extraction, production, and distribution of natural gas. Given natural gas's role as a pivotal energy resource, this sector provides a promising avenue for investment.

• Water Utility Investments:

  Funding companies that treat and supply water. This includes both fresh water for consumption and wastewater services. Water utilities are often seen as a defensive investment due to the consistent demand for clean water.

• Internet Services Investments:

  Allocating resources to companies that provide internet connectivity and related services to the public. With the digital transformation accelerating, internet services are increasingly becoming critical infrastructure.

• Email and Data Communications Investments:

  Investment in businesses that offer email and other data communication services. These are integral to the functioning of the modern economy, highlighting their investment appeal.

• Mobile and Cellular Infrastructure Investments:

  Directing funds towards companies involved in building and maintaining mobile and cellular networks. The ongoing global shift to mobile communications creates significant opportunities in this sector.