# EDGAR Filing Document

**Accession Number:** 0001039667
**File Stem:** 0001752724-23-046649
**Filing Date:** 2023-2
**Character Count:** 62435
**Document Hash:** dffe5b16921b46db33cb891af13ba804
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046649.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046649

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPIRIT OF AMERICA INVESTMENT FUND INC
- **CENTRAL INDEX KEY:** 0001039667
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08231
- **FILM NUMBER:** 23682886

**BUSINESS ADDRESS:**
- **STREET 1:** 477 JERICHO TURNPIKE
- **CITY:** SYOSSET
- **STATE:** NY
- **ZIP:** 11791
- **BUSINESS PHONE:** 5163905555

**MAIL ADDRESS:**
- **STREET 1:** 477 JERICHO TURNPIKE
- **CITY:** SYOSSET
- **STATE:** NY
- **ZIP:** 11791

## Series and Classes Contracts Data

### SPIRIT OF AMERICA LARGE CAP VALUE FUND (Series ID: S000001449)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000003857 | CLASS A              | SOAVX           |
| C000167227 | Class C              | SACVX           |
| C000219378 | Institutional Shares | SOIVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Spirit of America Investment Fund, Inc.

- **b. Investment Company Act file number:** 811-08231

- **c. CIK number of Registrant:** 0001039667

- **d. LEI of Registrant:** 549300PJ84G8FJU36634

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 477 Jericho Tunrpike

  - **City:** Syosset

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 11791

  - **Telephone number:** 516-390-5555

**Item A.2. Information about the Series.**

- **a. Name of Series:** SPIRIT OF AMERICA LARGE CAP VALUE FUND

- **b. EDGAR series identifier (if any):** S000001449

- **c. LEI of Series:** 549300Z0FSK74KF04H30

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $123402969.96

**Total Liabilities:** $857652.36

**Net Assets:** $122545317.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219378 | 10.01%               | 6.11%                | -6.19%               |
| Class ID C000167227 | 8.88%                | 5.04%                | -7.11%               |
| Class ID C000003857 | 4.17%                | 0.52%                | -11.08%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-895634.07              | $12245083.22                               |
| Month 2  | $33297.72                | $7451069.23                                |
| Month 3  | $504777.11               | $-8743696.97                               |

### Schedule of Portfolio Investments

| Name                                        | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Quest Diagnostics Incorporated              | Quest Diagnostics, Inc.                                      | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      4500 | NS      | $703980.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                              | Morgan Stanley, Series O, 4.25%                              | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |      2000 | NS      | $34360.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextera Energy Inc                          | NextEra Energy, Inc.                                         | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28625 | NS      | $2393050.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                          | Altria Group, Inc.                                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     12650 | NS      | $578231.50    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| The Coca-Cola Company                       | Coca-Cola Co./The                                            | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      7900 | NS      | $502519.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                      | Diamondback Energy, Inc.                                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      2650 | NS      | $362467.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                 | Bank of America Corp.                                        | CUSIP: 060505229<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      4000 | NS      | $95680.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                           | Crown Castle International Corp.                             | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      2690 | NS      | $364871.60    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                         | VICI Properties, Inc.                                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      3073 | NS      | $99565.20     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                | Costco Wholesale Corp.                                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      6451 | NS      | $2944881.50   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation                  | American Tower Corp.                                         | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      1040 | NS      | $220334.40    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                             | Caterpillar, Inc.                                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     11340 | NS      | $2716610.40   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                           | The Carlyle Group, Inc.                                      | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |      6050 | NS      | $180532.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                              | Kroger Co./The                                               | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      9000 | NS      | $401220.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                      | Applied Materials, Inc.                                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     14220 | NS      | $1384743.60   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corporation                  | Northern Trust Corp., Series E, 4.70%                        | CUSIP: 665859856<br>LEI: 549300GLF98S992BC502 | Long             | EP               | CORP              | US        |      1360 | NS      | $26928.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                            | Amazon.com, Inc.                                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     11600 | NS      | $974400.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corporation                  | Terreno Realty Corp.                                         | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2075 | NS      | $118005.25    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                     | Dow, Inc.                                                    | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |      6083 | NS      | $306522.37    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                        | JPMorgan Chase & Co., Series EE, 6.00%                       | CUSIP: 48128B648<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      2000 | NS      | $49520.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                               | Alphabet, Inc.                                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     36300 | NS      | $3202749.00   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Company           | Pioneer Natural Resources Co.                                | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      7575 | NS      | $1730054.25   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corporation                         | Centene Corp.                                                | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      9800 | NS      | $803698.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| The AES Corporation                         | AES Corp.                                                    | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |      7000 | NS      | $201320.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc                       | DuPont de Nemours, Inc.                                      | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      6500 | NS      | $446095.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                        | Baker Hughes Co.                                             | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8750 | NS      | $258387.50    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Company                        | Weyerhaeuser Co.                                             | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |       500 | NS      | $15500.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corporation                | Antero Midstream Corp.                                       | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $53950.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                              | Globe Life, Inc., 4.25%                                      | CUSIP: 37959E300<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EP               | CORP              | US        |      1000 | NS      | $17900.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                 | AbbVie, Inc.                                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     24957 | NS      | $4033300.77   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                 | Phillips 66                                                  | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      7250 | NS      | $754580.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                               | Prologis, Inc.                                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      6500 | NS      | $732745.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.        | Cognizant Technology Solutions Corp.                         | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      4600 | NS      | $263074.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips Co.                          | ConocoPhillips                                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     10300 | NS      | $1215400.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                          | ConAgra Foods, Inc.                                          | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |      7100 | NS      | $274770.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                       | Microsoft Corp.                                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     20439 | NS      | $4901680.98   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                 | Paychex, Inc.                                                | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      3850 | NS      | $444906.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                     | Arch Capital Group Ltd., 5.45%                               | CUSIP: 03939A107<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |      2000 | NS      | $40600.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                        | JPMorgan Chase & Co., Series JJ, 4.55%                       | CUSIP: 48128B580<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      2000 | NS      | $37220.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities, Inc.                       | Sun Communities, Inc.                                        | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |      3300 | NS      | $471900.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                     | Berkshire Hathaway, Inc.                                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3770 | NS      | $1164553.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                  | ONEOK, Inc.                                                  | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      2000 | NS      | $131400.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WestRock Company                            | WestRock Co.                                                 | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               | CORP              | US        |       500 | NS      | $17580.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management, Inc.             | Annaly Capital Management, Inc., Series F, 6.95%             | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |      2000 | NS      | $48760.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.            | American Electric Power Co., Inc.                            | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      1850 | NS      | $175657.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc                              | Home Depot, Inc./The                                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      6238 | NS      | $1970334.68   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                | Honeywell International, Inc.                                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      8900 | NS      | $1907270.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                 | Bank of America Corp., Series HH, 5.875%                     | CUSIP: 060505195<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      2000 | NS      | $46400.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                      | HP, Inc.                                                     | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     15600 | NS      | $419172.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                 | Verizon Communications, Inc.                                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     28540 | NS      | $1124476.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated           | Microchip Technology, Inc.                                   | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      6450 | NS      | $453112.50    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC          | Johnson Controls International PLC                           | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      8253 | NS      | $528192.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                                | Cummins, Inc.                                                | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      3550 | NS      | $860129.50    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.            | Philip Morris International, Inc.                            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      7350 | NS      | $743893.50    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                     | Arch Capital Group Ltd.                                      | CUSIP: 03939A404<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | US        |      2000 | NS      | $34540.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| The Williams Companies, Inc.                | Williams Cos, Inc./The                                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     58000 | NS      | $1908200.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corporation | International Business Machines Corp.                        | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      2668 | NS      | $375894.52    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company                | Bristol-Myers Squibb Co.                                     | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     16650 | NS      | $1197967.50   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Oil Corporation                    | Marathon Oil Corp.                                           | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |      1000 | NS      | $27070.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                         | Dominion Resources, Inc.                                     | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     13000 | NS      | $797160.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                             | CSX Corp.                                                    | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     42525 | NS      | $1317424.50   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                 | United Parcel Service, Inc.                                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      2450 | NS      | $425908.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                      | Palo Alto Networks, Inc.                                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |       200 | NS      | $27908.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                       | WEC Energy Group, Inc.                                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     10100 | NS      | $946976.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                        | JPMorgan Chase & Co., Series LL 4.625%                       | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      6000 | NS      | $113040.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Signature Bank                              | Signature Bank                                               | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |      1325 | NS      | $152666.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                         | EOG Resources, Inc.                                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      4400 | NS      | $569888.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Company                 | International Paper Co.                                      | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |       500 | NS      | $17315.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                              | Citigroup, Inc.                                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     17200 | NS      | $777956.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                           | Masco Corp.                                                  | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      8500 | NS      | $396695.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated              | Texas Instruments, Inc.                                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     10425 | NS      | $1722418.50   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                             | CVS Health Corp.                                             | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      7611 | NS      | $709269.09    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                    | American Express Co.                                         | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      5000 | NS      | $738750.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation            | Edwards LifeSciences Corp.                                   | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      3000 | NS      | $223830.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited                        | Schlumberger Ltd.                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |       500 | NS      | $26730.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                         | Kinder Morgan, Inc.                                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     22750 | NS      | $411320.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                         | Abbott Laboratories                                          | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      3100 | NS      | $340349.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corporation                          | Oracle Corp.                                                 | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     26575 | NS      | $2172240.50   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                 | Bank of America Corp., Series SS, 4.75%                      | CUSIP: 06055H871<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      2000 | NS      | $37620.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                 | PepsiCo, Inc.                                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      2400 | NS      | $433584.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB Financial Group                         | SVB Financial Group                                          | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |       600 | NS      | $138084.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladenburg Thalmann Financial Services Inc.  | Ladenburg Thalmann Financial Services, Inc., Series A, 8.00% | CUSIP: 50575Q201<br>LEI: 549300VFWKFWGJQPSE62 | Long             | EP               | CORP              | US        |      7000 | NS      | $86800.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                     | MasterCard, Inc.                                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2400 | NS      | $834552.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank San Francisco           | First Republic Bank/CA, Series N, 4.5%                       | CUSIP: 33616C696<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |      2000 | NS      | $34520.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                   | Adobe Systems, Inc.                                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1600 | NS      | $538448.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                 | Pfizer, Inc.                                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      8150 | NS      | $417606.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                               | Medtronic PLC                                                | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      7069 | NS      | $549402.68    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                               | QUALCOMM, Inc.                                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      3550 | NS      | $390287.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                     | KeyCorp, Series G, 5.625%                                    | CUSIP: 493267868<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |      2000 | NS      | $41520.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corporation                        | McKesson Corp.                                               | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      4700 | NS      | $1763064.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                 | Wal-Mart Stores, Inc.                                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     13684 | NS      | $1940254.36   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                    | Devon Energy Corp.                                           | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     10800 | NS      | $664308.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                 | Humana, Inc.                                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      1350 | NS      | $691456.50    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd                          | Athene Holding Ltd.                                          | CUSIP: 04686J309<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |      2000 | NS      | $47880.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation              | Charles Schwab Corp./The Series J 4.45%                      | CUSIP: 808513865<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |      2000 | NS      | $37000.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corporation            | Occidental Petroleum Corp.                                   | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      6500 | NS      | $409435.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                              | Blackstone Group LP/The                                      | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     11250 | NS      | $834637.50    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                           | FedEx Corp.                                                  | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1500 | NS      | $259800.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                             | Eli Lilly & Co.                                              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      3200 | NS      | $1170688.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Company                       | Wells Fargo & Co.                                            | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      6500 | NS      | $268385.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                 | Workday, Inc.                                                | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      7780 | NS      | $1301827.40   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                             | NortonLifeLock, Inc.                                         | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     27700 | NS      | $593611.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corporation           | Raytheon Technologies Corp.                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      2100 | NS      | $211932.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Company                   | Colgate-Palmolive Co.                                        | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      1500 | NS      | $118185.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                         | Halliburton Co.                                              | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |      4000 | NS      | $157400.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Company                | Procter & Gamble Co./The                                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      7265 | NS      | $1101083.40   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Company                  | Marathon Petroleum Corp.                                     | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |       250 | NS      | $29097.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                        | Corning, Inc.                                                | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     10000 | NS      | $319400.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.                 | RenaissanceRE Holdings Ltd., Series G, 4.2%                  | CUSIP: G7498P127<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |       150 | NS      | $2434.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                       | Lowe's Cos., Inc.                                            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      1750 | NS      | $348670.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Louisiana, LLC                      | Entergy Louisiana LLC, Series *, 4.88%                       | CUSIP: 29364W108<br>LEI: 0V5453U14HDZO63CGH17 | Long             | EP               | CORP              | US        |      2000 | NS      | $40540.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                  | Apple, Inc.                                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     50582 | NS      | $6572119.26   | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                             | Deere & Co.                                                  | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      6235 | NS      | $2673318.60   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                         | Cheniere Energy, Inc.                                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     13150 | NS      | $1971974.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                  | Prudential Financial, Inc., 5.625%                           | CUSIP: 744320805<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |      2000 | NS      | $48960.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                   | Linde Public Limited Company                                 | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |      1300 | NS      | $424034.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.     | Mid-America Apartment Communities, Inc.                      | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |       250 | NS      | $39247.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                               | Accenture PLC                                                | CUSIP: G1151C101<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      4025 | NS      | $1074031.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.                | Advanced Micro Devices, Inc.                                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      2100 | NS      | $136017.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                 | Corteva, Inc.                                                | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      7233 | NS      | $425155.74    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                | CF Industries Holdings, Inc.                                 | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      8200 | NS      | $698640.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                         | Walt Disney Co./The                                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     18950 | NS      | $1646376.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                 | Zscaler, Inc.                                                | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      1400 | NS      | $156660.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                 | Bank of America Corp.                                        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     30850 | NS      | $1021752.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                     | UnitedHealth Group, Inc.                                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2525 | NS      | $1338704.50   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                               | Equinix, Inc.                                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1125 | NS      | $736908.75    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| The Boeing Company                          | Boeing Co./The                                               | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      3355 | NS      | $639093.95    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                   | Goldman Sachs Group, Inc./The                                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2915 | NS      | $1000952.70   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                            | Merck & Co., Inc.                                            | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     18350 | NS      | $2035932.50   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corporation                   | Valero Energy Corp.                                          | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     16565 | NS      | $2101435.90   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank San Francisco           | First Republic Bank/CA, Series L, 4.25%                      | CUSIP: 33616C746<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |      2000 | NS      | $32860.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                        | Edison International                                         | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      2600 | NS      | $165412.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                  | Constellation Brands, Inc.                                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      1400 | NS      | $324450.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                  | Garmin Ltd.                                                  | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | US        |      1000 | NS      | $92290.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                  | NIKE, Inc.                                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |       700 | NS      | $81907.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                               | US Bancorp, Series O, 4.5%                                   | CUSIP: 902973668<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |      2000 | NS      | $36660.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corporation                     | Exxon Mobil Corp.                                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      7550 | NS      | $832765.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                  | Prudential Financial, Inc., 4.125%                           | CUSIP: 744320888<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |       705 | NS      | $12795.75     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corporation                      | McDonald's Corp.                                             | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2980 | NS      | $785319.40    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                    | AT&T, Inc.                                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      6500 | NS      | $119665.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                        | JPMorgan Chase & Co.                                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     20992 | NS      | $2815027.20   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corporation                   | CNX Resources Corp.                                          | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |      4000 | NS      | $67360.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                    | UGI Corp.                                                    | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      1000 | NS      | $37070.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                 | Lockheed Martin Corp.                                        | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       200 | NS      | $97298.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                 | NetApp, Inc.                                                 | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      2600 | NS      | $156156.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                       | Dell Technolodies, Inc.                                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      1624 | NS      | $65317.28     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                    | Visa, Inc.                                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      7150 | NS      | $1485484.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                              | CME Group, Inc.                                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      1404 | NS      | $236096.64    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Co                          | Targa Resources Corp.                                        | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      5600 | NS      | $411600.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                | NVIDIA Corp.                                                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     35892 | NS      | $5245256.88   | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                         | Cisco Systems, Inc.                                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     17250 | NS      | $821790.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                    | Lamb Weston Holdings, Inc.                                   | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      4300 | NS      | $384248.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc (CA) Inc              | Waste Connections, Inc.                                      | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     13175 | NS      | $1746478.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corporation                          | Target Corp.                                                 | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     11430 | NS      | $1703527.20   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                   | Union Pacific Corp.                                          | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       750 | NS      | $155302.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                              | Morgan Stanley                                               | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      3000 | NS      | $255060.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation                         | Chevron Corp.                                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16960 | NS      | $3044150.40   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Incorporation                      | Enbridge, Inc.                                               | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |      3000 | NS      | $117300.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners LP       | Brookfield Infrastructure Partners LP,  Series 14, 5.00%     | CUSIP: G16252275<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EP               | CORP              | US        |      2000 | NS      | $30780.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Company                          | DTE Energy Co., Series E, 4.375%                             | CUSIP: 233331818<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |      2000 | NS      | $34900.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co New                        | Wells Fargo & Co., Series CC, 4.375%                         | CUSIP: 95002Y202<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      4000 | NS      | $68120.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                 | Bank Of America Corp., Series LL, 5.00%                      | CUSIP: 06055H202<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      2000 | NS      | $38900.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                        | JPMorgan Chasse & Co, Series MM, 4.25%                       | CUSIP: 48128B523<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      6000 | NS      | $104700.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                            | Duke Energy Corp.                                            | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      2000 | NS      | $205980.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                | Thermo Fisher Scientific, Inc.                               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1490 | NS      | $820528.10    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                  | Amgen, Inc.                                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      2700 | NS      | $709128.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** Spirit of America Investment Fund, Inc.

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller