If you’re looking for Mutual Fund Equity Report funds, you wouldn’t want to start your search with Spirit of America Energy A (Spirit of America Energy A).SOAEX – Free report). SOAEX has a Zacks Mutual Fund Rank of 5 (Strong Sell) based on nine predictive factors including volume, value and past performance.
SOAEX finds itself in the Spirit of America family based in Syosset, NY. Spirit of America Energy A debuted in July 2014. Since then, SOAEX has accumulated about $226.64 million in assets, according to the most recent data. Douglas Revello is the current fund manager and has held that role since January 2020.
Naturally, investors look for strong performance in funds. The fund delivered a 5-year annualized total return of 2.1%, ranking in the bottom third of its category peers. Investors who prefer short-term analysis should look at its 3-year annualized total return of 6.05%, which ranks it in the bottom third during this time frame.
When looking at a fund’s performance, it’s also important to note the standard deviation of returns. The lower the standard deviation, the lower the volatility of the fund. Compared to the category average of 49.45%, SOAEX’s standard deviation over the past three years is 38%. The fund’s standard deviation over the last 5 years is 31.66%, and the category average is 33.02%. This makes the fund less volatile than its peers over the past half-decade.
With a 5-year beta of 1.24, the fund may be more volatile than the market average. Alpha is an additional metric to consider because it represents the portfolio’s performance on a risk-adjusted basis relative to the benchmark, in this case the S&P 500. Over the past 5 years, the fund has had a negative alpha. -6.36. This means that it will be difficult for managers in this portfolio to pick securities that will outperform the benchmark.
Costs are increasingly important for mutual fund investing, and, in particular, the competition in this market is heating up. All things being equal, a cheaper product will outperform its otherwise similar counterpart, so it’s important for investors to look closely at these metrics. In terms of fees, SOAEX is a bootstrap fund. It has an expense ratio of 1.29% compared to 1.46% for the average category. So SOAEX is actually cheaper than its peers in terms of cost.
Investors should also note that the minimum initial investment for the product is $500 and each subsequent investment must be $50.
The bottom line
Overall, Spirit of America Energy A (SOAEX) is a Zacks Mutual Fund, and with its relatively poor performance, moderate downside risk, and low payouts, Spirit of America Energy A (SOAEX) looks like a somewhat weak pick. now investors.
Don’t stop here for your mutual fund equity report research. There’s much more on our site to help you find the best fund for your portfolio. For more information on the world of funds, check out www.zacks.com/funds/mutual-funds and feel free to compare SOAEX to its peers for additional information. Zacks provides a complete set of tools to help you analyze your portfolio – both funds and stocks – in the most efficient way possible.