Spirit
of
America
Energy
Fund
Schedule
of
Investments
February
28,
2022
-
(Unaudited)
Shares
Market
Value
Master
Limited
Partnerships
—
Partnership
Shares
45.15%
Exploration
&
Production
2.61%
Black
Stone
Minerals
LP
431,249
$
5,187,925
Viper
Energy
Partners
LP
5,000
147,050
5,334,975
Midstream
-
Oil
&
Gas
38.07%
BP
Midstream
Partners
LP
141,496
2,353,078
Cheniere
Energy
Partners
LP
218,369
11,789,742
Crestwood
Equity
Partners
LP
8,000
246,160
DCP
Midstream
LP
76,500
2,530,620
Energy
Transfer
LP
646,870
6,559,262
Enterprise
Products
Partners
LP
528,636
12,909,291
Holly
Energy
Partners
LP
37,419
621,904
Magellan
Midstream
Partners
LP
226,615
10,995,360
MPLX
LP
477,397
15,649,073
Phillips
66
Partners
LP
190,809
8,046,416
Plains
All
American
Pipeline
LP
243,500
2,573,795
Western
Midstream
Partners
LP
131,100
3,413,844
77,688,545
Oilfield
Services
&
Equipment
1.33%
USA
Compression
Partners
LP
154,284
2,704,599
Power
Generation
0.97%
Brookfield
Renewable
Partners
LP
41,925
1,505,946
NextEra
Energy
Partners
LP
6,150
479,762
1,985,708
Refining
&
Marketing
2.17%
Sunoco
LP
102,474
4,421,753
Total
Master
Limited
Partnerships
—
Partnership
Shares
(Cost $71,934,291)
92,135,580
Shares
Market
Value
Common
Stocks
55.26%
Biofuels
0.09%
Enviva
,
Inc.
2,700
188,190
Electric
Transmission
&
Distribution
0.18%
Algonquin
Power
&
Utilities
Corp.
13,500
195,480
Eversource
Energy
1,950
159,510
354,990
Exploration
&
Production
3.28%
CNX
Resources
Corp.
(a)
5,000
81,700
Devon
Energy
Corp.
1,500
89,325
Diamondback
Energy,
Inc.
1,700
234,770
Spirit
of
America
Energy
Fund
Schedule
of
Investments
(continued)
February
28,
2022
-
(Unaudited)
Shares
Market
Value
Marathon
Oil
Corp.
51,273
$
1,156,719
Pioneer
Natural
Resources
Co.
21,372
5,120,731
6,683,245
Gas
Utilities
1.84%
UGI
Corp.
97,922
3,764,122
Integrated
Electric
Utilities
2.75%
Dominion
Energy,
Inc.
54,942
4,369,536
Duke
Energy
Corp.
3,300
331,353
NextEra
Energy,
Inc.
4,900
383,523
PPL
Corp.
20,250
529,943
5,614,355
Integrated
Oils
8.32%
Chevron
Corp.
90,880
13,086,719
Exxon
Mobil
Corp.
49,620
3,891,200
16,977,919
Midstream
-
Oil
&
Gas
28.35%
Antero
Midstream
Corp.
57,100
573,284
Cheniere
Energy,
Inc.
31,675
4,209,608
Enbridge,
Inc.
223,377
9,645,419
Hess
Midstream
LP,
Class
A
228,837
7,313,631
Kinder
Morgan,
Inc.
396,494
6,898,996
ONEOK,
Inc.
109,921
7,177,841
Targa
Resources
Corp.
22,650
1,480,631
TC
Energy
Corp.
118,428
6,360,768
Williams
Cos,
Inc.
(The)
454,282
14,209,940
57,870,118
Oilfield
Services
&
Equipment
0.64%
Baker
Hughes
Co.
43,500
1,278,030
Schlumberger
Ltd.
1,000
39,240
1,317,270
Refining
&
Marketing
9.65%
Marathon
Petroleum
Corp.
99,171
7,722,446
Phillips
66
46,332
3,903,008
Valero
Energy
Corp.
96,819
8,085,355
19,710,809
Renewable
Energy
Equipment
0.16%
SolarEdge
Technologies,
Inc.
(a)
1,000
319,420
Total
Common
Stocks
(Cost $95,761,450)
112,800,438
Spirit
of
America
Energy
Fund
Schedule
of
Investments
(continued)
February
28,
2022
-
(Unaudited)
Shares
Market
Value
Money
Market
Funds
0.41%
Morgan
Stanley
Institutional
Liquidity
Fund,
Institutional
Class,
0.03%
(b)
829,327
$
829,327
Total
Money
Market
Funds
(Cost $829,327)
829,327
Total
Investments
—
100.82%
(Cost
$168,525,068)
205,765,345
Liabilities
in
Excess
of
Other
Assets
—
(0.82)%
(1,678,497)
NET
ASSETS
-
100.00%
$
204,086,848
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
February
28,
2022.