Spirit
of
America
Energy
Fund
Schedule
of
Investments
August
31,
2026
(Unaudited)
Shares
Market
Value
Master
Limited
Partnerships
—
Partnership
Shares
13.21%
Exploration
&
Production
0.28%
Black
Stone
Minerals
LP
32,999
$
491,025
Gas
Utilities
0.08%
Suburban
Propane
Partners
LP
8,000
140,880
Midstream
-
Oil
&
Gas
12.40%
Cheniere
Energy
Partners
LP
2,380
167,290
Energy
Transfer
LP
221,200
4,758,012
Enterprise
Products
Partners
LP
119,886
4,653,975
MPLX
LP
63,647
3,765,993
Plains
All
American
Pipeline
LP
169,300
4,342,545
Western
Midstream
Partners
LP
85,150
4,095,715
21,783,530
Oilfield
Services
&
Equipment
0.08%
USA
Compression
Partners
LP
5,284
142,985
Refining
&
Marketing
0.37%
Sunoco
LP
8,500
646,340
Total
Master
Limited
Partnerships
—
Partnership
Shares
(Cost $10,339,126)
23,204,760
Common
Stocks
86.88%
Diversified
Industrials
0.31%
ITT,
Inc.
2,700
540,783
Electrical
Power
Equipment
2.87%
GE
Vernova
LLC
3,940
3,540,208
Vertiv
Holdings
Co.,
Class
A
5,800
1,500,576
5,040,784
Exploration
&
Production
13.16%
Antero
Resources
Corp.
(a)
3,000
115,440
Canadian
Natural
Resources
Ltd.
3,000
150,210
Chesapeake
Energy
Corp.
8,350
819,636
CNX
Resources
Corp.
(a)
11,000
400,180
ConocoPhillips
37,227
4,932,205
Devon
Energy
Corp.
79,300
3,846,843
Diamondback
Energy,
Inc.
12,750
2,556,120
EOG
Resources,
Inc.
17,950
2,602,032
EQT
Corp.
23,500
1,273,230
Murphy
Oil
Corp.
3,000
109,260
Occidental
Petroleum
Corp.
29,600
1,781,328
Ovintiv
,
Inc.
8,000
525,200
Spirit
of
America
Energy
Fund
Schedule
of
Investments
(continued)
August
31,
2026
(Unaudited)
Shares
Market
Value
Permian
Resources
Corp.
10,000
$
232,900
Texas
Pacific
Land
Corp.
8,745
3,273,603
Viper
Energy,
Inc.,
Class
A
10,600
474,774
WhiteHawk
Minerals
Corp.
1,000
27,440
23,120,401
Gas
Utilities
0.12%
Atmos
Energy
Corp.
1,250
207,663
Integrated
Electric
Utilities
1.16%
Duke
Energy
Corp.
1,350
161,879
Entergy
Corp.
6,600
701,646
IDACORP,
Inc.
950
129,352
NextEra
Energy,
Inc.
2,450
201,733
PPL
Corp.
25,000
853,250
2,047,860
Integrated
Oils
9.94%
BP
PLC ADR
61,361
2,630,546
Chevron
Corp.
35,478
7,313,435
ExxonMobil
Holdings
Corp.
44,589
7,176,600
Suncor
Energy,
Inc.
4,000
267,280
TotalEnergies
SE
ADR
1,000
88,310
17,476,171
Midstream
-
Oil
&
Gas
28.56%
Antero
Midstream
Corp.
31,500
706,230
Cheniere
Energy,
Inc.
25,400
7,408,926
Enbridge,
Inc.
112,277
5,677,848
Hess
Midstream
LP,
Class
A
88,337
3,552,031
Kinder
Morgan,
Inc.
212,994
6,866,927
Kinetik
Holdings,
Inc.
2,500
137,075
ONEOK,
Inc.
46,197
4,435,374
Plains
GP
Holdings
LP,
Class
A
51,000
1,439,220
South
Bow
Corp.
10,765
406,594
Targa
Resources
Corp.
28,808
8,459,469
TC
Energy
Corp.
48,078
3,006,317
Williams
Companies,
Inc.
(The)
107,782
8,089,039
50,185,050
Oilfield
Services
&
Equipment
4.57%
Baker
Hughes
Co.
65,250
4,146,637
Halliburton
Co.
29,750
1,096,288
Schlumberger
Ltd.
37,400
2,247,740
TechnipFMC
PLC
7,000
547,050
8,037,715
Power
Generation
3.11%
Constellation
Energy
Corp.
4,275
1,174,642
Oklo
,
Inc.
(a)
23,400
949,338
Spirit
of
America
Energy
Fund
Schedule
of
Investments
(continued)
August
31,
2026
(Unaudited)
ADR
–
American
Depositary
Receipt
Shares
Market
Value
Talen
Energy
Corp.
(a)
7,200
$
2,129,471
Vistra
Energy
Corp.
8,700
1,195,119
5,448,570
Refining
&
Marketing
23.02%
HF
Sinclair
Corp.
26,676
2,710,548
Marathon
Petroleum
Corp.
33,025
12,328,893
PBF
Energy,
Inc.,
Class
A
37,250
2,718,878
Phillips
66
41,036
10,118,657
Valero
Energy
Corp.
34,969
12,551,073
40,428,049
Semiconductor
Devices
0.06%
NVIDIA
Corp.
500
110,390
Total
Common
Stocks
(Cost $85,070,054)
152,643,436
Total
Investments
—
100.09%
(Cost
$95,409,180)
175,848,196
Liabilities
in
Excess
of
Other
Assets
—
(0.09)%
(164,113)
NET
ASSETS
-
100.00%
$
175,684,083
(a)
Non-income
producing
security.