Spirit Of America Investment Fund NPORT-P Spirit of America Energy Fund (Aug 2024 report)

Spirit

of

America

Energy

Fund

Schedule

of

Investments

August

31,

2024

(Unaudited)

Shares

Market

Value

Master

Limited

Partnerships

—

Partnership

Shares

21.55%

Exploration

&

Production

2.44%

Black

Stone

Minerals

LP

338,999‌

$

5,057,865‌

Gas

Utilities

0.08%

Suburban

Propane

Partners

LP

10,000‌

175,000‌

Midstream

-

Oil

&

Gas

18.24%

Cheniere

Energy

Partners

LP

6,880‌

336,982‌

Delek

Logistics

Partners

LP

2,000‌

82,580‌

Energy

Transfer

LP

622,700‌

10,025,471‌

Enterprise

Products

Partners

LP

238,636‌

7,001,580‌

MPLX

LP

163,397‌

7,006,463‌

Plains

All

American

Pipeline

LP

360,300‌

6,463,782‌

Western

Midstream

Partners

LP

179,350‌

6,919,323‌

37,836,181‌

Oilfield

Services

&

Equipment

0.07%

USA

Compression

Partners

LP

6,284‌

141,453‌

Refining

&

Marketing

0.72%

Sunoco

LP

27,555‌

1,492,654‌

Total

Master

Limited

Partnerships

—

Partnership

Shares

(Cost $24,941,951)

44,703,153‌

Common

Stocks

78.40%

Diversified

Industrials

0.47%

ITT,

Inc.

7,050‌

981,501‌

Electrical

Power

Equipment

0.08%

Vertiv

Holdings

Co.

2,000‌

166,060‌

Exploration

&

Production

12.07%

Antero

Resources

Corp.

(a)

16,500‌

445,335‌

APA

Corp.

8,000‌

227,920‌

Canadian

Natural

Resources

Ltd.

4,000‌

144,840‌

Chesapeake

Energy

Corp.

7,750‌

577,298‌

Chord

Energy

Corp.

350‌

51,951‌

CNX

Resources

Corp.

(a)

17,500‌

484,225‌

ConocoPhillips

22,700‌

2,583,033‌

Coterra

Energy,

Inc.

84,000‌

2,043,720‌

Crescent

Energy

Co.

3,000‌

35,790‌

Devon

Energy

Corp.

40,250‌

1,802,395‌

Diamondback

Energy,

Inc.

17,350‌

3,385,159‌

EOG

Resources,

Inc.

25,200‌

3,246,264‌

EQT

Corp.

25,000‌

837,750‌

Spirit

of

America

Energy

Fund

Schedule

of

Investments

(continued)

August

31,

2024

(Unaudited)

Shares

Market

Value

Hess

Corp.

1,950‌

$

269,217‌

Marathon

Oil

Corp.

96,773‌

2,772,546‌

Matador

Resources

Co.

9,000‌

510,480‌

Murphy

Oil

Corp.

5,000‌

186,400‌

Occidental

Petroleum

Corp.

35,100‌

1,999,998‌

Ovintiv,

Inc.

10,000‌

428,300‌

Permian

Resources

Corp.

12,000‌

170,880‌

Range

Resources

Corp.

13,000‌

388,440‌

Southwestern

Energy

Co.

(a)

15,000‌

95,700‌

Texas

Pacific

Land

Corp.

1,350‌

1,173,002‌

Viper

Energy,

Inc.

24,450‌

1,163,820‌

25,024,463‌

Gas

Utilities

0.16%

UGI

Corp.

13,000‌

323,830‌

Integrated

Electric

Utilities

0.46%

Dominion

Energy,

Inc.

1,000‌

55,900‌

Duke

Energy

Corp.

1,750‌

199,412‌

NextEra

Energy,

Inc.

750‌

60,383‌

PPL

Corp.

20,250‌

646,177‌

961,872‌

Integrated

Oils

11.37%

BP

PLC ADR

81,361‌

2,763,020‌

Chevron

Corp.

64,330‌

9,517,624‌

Exxon

Mobil

Corp.

92,139‌

10,866,873‌

Shell

PLC ADR

3,000‌

214,980‌

Suncor

Energy,

Inc.

4,000‌

162,160‌

TotalEnergies

SE ADR

1,000‌

69,000‌

23,593,657‌

Midstream

-

Oil

&

Gas

32.51%

Antero

Midstream

Corp.

61,100‌

908,557‌

Cheniere

Energy,

Inc.

41,875‌

7,757,763‌

Enbridge,

Inc.

184,627‌

7,418,313‌

EnLink

Midstream

LLC

(a)

25,000‌

359,000‌

Hess

Midstream

LP,

Class

A

183,337‌

6,847,637‌

Kinder

Morgan,

Inc.

350,494‌

7,560,156‌

Kinetik

Holdings,

Inc.

10,000‌

442,400‌

ONEOK,

Inc.

133,767‌

12,354,719‌

Plains

GP

Holdings

LP,

Class

A

(a)

71,000‌

1,363,200‌

Targa

Resources

Corp.

54,083‌

7,944,793‌

TC

Energy

Corp.

54,928‌

2,545,364‌

Williams

Companies,

Inc.

(The)

262,132‌

11,997,781‌

67,499,683‌

Oilfield

Services

&

Equipment

3.16%

Baker

Hughes

Co.

70,000‌

2,461,900‌

Spirit

of

America

Energy

Fund

Schedule

of

Investments

(continued)

August

31,

2024

(Unaudited)

ADR

–

American

Depositary

Receipt

Shares

Market

Value

Halliburton

Co.

44,500‌

$

1,383,505‌

Liberty

Oilfield

Services,

Inc.,

Class

A

7,000‌

144,130‌

Schlumberger

Ltd.

48,400‌

2,129,116‌

TechnipFMC

PLC

16,000‌

429,440‌

6,548,091‌

Power

Generation

0.29%

Constellation

Energy

Corp.

900‌

177,030‌

NextEra

Energy

Partners

LP

5,150‌

129,008‌

Talen

Energy

Corp.

(a)

700‌

104,727‌

Vistra

Energy

Corp.

2,200‌

187,946‌

598,711‌

Refining

&

Marketing

17.83%

Delek

US

Holdings,

Inc.

1,000‌

20,420‌

HF

Sinclair

Corp.

31,176‌

1,531,989‌

Marathon

Petroleum

Corp.

65,025‌

11,517,227‌

PBF

Energy,

Inc.,

Class

A

59,750‌

2,035,085‌

Phillips

66

82,636‌

11,594,656‌

Valero

Energy

Corp.

70,119‌

10,288,561‌

36,987,938‌

Total

Common

Stocks

(Cost $119,246,462)

162,685,806‌

Total

Investments

—

99.95%

(Cost

$144,188,413)

207,388,959‌

Other

Assets

in

Excess

of

Liabilities 

—

0.05%

94,706‌

NET

ASSETS

-

100.00%

$

207,483,665‌

(a)

Non-income

producing

security.