Spirit
of
America
Energy
Fund
Schedule
of
Investments
August
31,
2021
-
(Unaudited)
Shares
Market
Value
Master
Limited
Partnerships
—
Partnership
Shares
45.23%
Biofuels
0.08%
Enviva
Partners
LP
2,700
$
145,908
Exploration
&
Production
2.15%
Black
Stone
Minerals
LP
385,749
3,857,490
Marine
Shipping
1.36%
Teekay
LNG
Partners
LP
175,101
2,433,904
Midstream
-
Oil
&
Gas
36.73%
BP
Midstream
Partners
LP
139,496
1,832,977
Cheniere
Energy
Partners
LP
214,869
8,773,101
DCP
Midstream
LP
50,500
1,316,030
Energy
Transfer
LP
542,870
5,048,691
Enterprise
Products
Partners
LP
531,636
11,834,217
Holly
Energy
Partners
LP
35,419
658,793
Magellan
Midstream
Partners
LP
228,115
11,225,539
MPLX
LP
501,847
14,111,939
Phillips
66
Partners
LP
190,809
6,821,422
Plains
All
American
Pipeline
LP
157,500
1,469,475
Shell
Midstream
Partners
LP
71,289
867,587
Western
Midstream
Partners
LP
94,100
1,857,534
65,817,305
Oilfield
Services
&
Equipment
1.45%
USA
Compression
Partners
LP
170,784
2,589,085
Power
Generation
1.31%
Brookfield
Renewable
Partners
LP
45,925
1,860,881
NextEra
Energy
Partners
LP
6,150
491,570
2,352,451
Refining
&
Marketing
2.15%
Sunoco
LP
104,474
3,844,643
Total
Master
Limited
Partnerships
—
Partnership
Shares
(Cost $75,453,111)
81,040,786
Shares
Market
Value
Common
Stocks
55.20%
Electric
Transmission
&
Distribution
0.24%
Algonquin
Power
&
Utilities
Corp.
15,500
240,715
Eversource
Energy
2,200
199,606
440,321
Exploration
&
Production
1.88%
CNX
Resources
Corp.
(a)
5,000
56,800
Spirit
of
America
Energy
Fund
Schedule
of
Investments
(continued)
August
31,
2021
-
(Unaudited)
Shares
Market
Value
Marathon
Oil
Corp.
50,273
$
590,708
Pioneer
Natural
Resources
Co.
18,222
2,727,287
3,374,795
Gas
Utilities
3.10%
UGI
Corp.
119,922
5,553,588
Integrated
Electric
Utilities
4.04%
Dominion
Energy,
Inc.
71,442
5,561,045
Duke
Energy
Corp.
3,300
345,378
NextEra
Energy,
Inc.
8,700
730,713
PPL
Corp.
20,250
594,338
7,231,474
Integrated
Oils
6.58%
Chevron
Corp.
93,580
9,055,737
Exxon
Mobil
Corp.
50,370
2,746,172
11,801,909
Midstream
-
Oil
&
Gas
28.65%
Antero
Midstream
Corp.
52,600
505,486
Cheniere
Energy,
Inc.
(a)
28,025
2,451,067
Enbridge,
Inc.
228,877
8,997,155
Hess
Midstream
LP,
Class
A
217,837
5,607,124
Kinder
Morgan,
Inc.
564,494
9,184,317
ONEOK,
Inc.
122,921
6,455,811
Targa
Resources
Corp.
22,150
972,828
TC
Energy
Corp.
117,928
5,599,221
Williams
Cos,
Inc.
(The)
467,282
11,537,193
51,310,202
Oilfield
Services
&
Equipment
0.52%
Baker
Hughes
Co.
39,500
899,810
Schlumberger
Ltd.
1,000
28,040
927,850
Refining
&
Marketing
9.98%
Marathon
Petroleum
Corp.
98,671
5,848,230
Phillips
66
79,832
5,675,257
Valero
Energy
Corp.
95,819
6,353,758
17,877,245
Renewable
Energy
Equipment
0.21%
SolarEdge
Technologies,
Inc.
(a)
1,300
376,714
Total
Common
Stocks
(Cost $103,861,076)
98,894,098
Spirit
of
America
Energy
Fund
Schedule
of
Investments
(continued)
August
31,
2021
-
(Unaudited)
Shares
Market
Value
Money
Market
Funds
0.47%
Morgan
Stanley
Institutional
Liquidity
Fund,
Institutional
Class,
0.03%(b)
842,306
$
842,306
Total
Money
Market
Funds
(Cost $842,306)
842,306
Total
Investments
—
100.90%
(Cost
$180,156,493)
180,777,190
Liabilities
in
Excess
of
Other
Assets
—
(0.90)%
(1,606,299)
NET
ASSETS
-
100.00%
$
179,170,891
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
August
31,
2021.