2022-11-25 12:00:05

Is Spirit of America Energy A (SOAEX) a Strong Mutual Fund Pick Right Now?

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Nasdaq
By Zacks

If you have been looking for Mutual Fund Equity Report funds, it would not be wise to start your search with Spirit of America Energy A (SOAEX). SOAEX possesses a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on nine forecasting factors like size, cost, and past performance.

History of Fund/Manager

SOAEX finds itself in the Spirit of America family, based out of Syosset, NY. Spirit of America Energy A debuted in July of 2014. Since then, SOAEX has accumulated assets of about $226.64 million, according to the most recently available information. Douglas Revello is the fund's current manager and has held that role since January of 2020.

Performance

Of course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 2.1%, and is in the bottom third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 6.05%, which places it in the bottom third during this time-frame.

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