# EDGAR Filing Document

**Accession Number:** 0001039667
**File Stem:** 0000910472-25-002833
**Filing Date:** 2025-10
**Character Count:** 33368
**Document Hash:** 5ccc89cd9cfef4bc9a8556585cbba2f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002833.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0000910472-25-002833

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPIRIT OF AMERICA INVESTMENT FUND INC
- **CENTRAL INDEX KEY:** 0001039667

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08231
- **FILM NUMBER:** 251433205

**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 Energy Fund (Series ID: S000046009)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000143747 | Class A              | SOAEX           |
| C000167220 | Class C              | SACEX           |
| C000218733 | Institutional Shares | SAIEX           |

## Nport-Ex

Spirit

of

America

Energy

Fund

Schedule

of

Investments

August

31,

2025

(Unaudited)

Shares

Market

Value

Master

Limited

Partnerships

—

Partnership

Shares

18.83%

Exploration

&

Production

0.80%

Black

Stone

Minerals

LP

103,999

$

1,264,628

Gas

Utilities

0.09%

Suburban

Propane

Partners

LP

8,000

149,760

Midstream

-

Oil

&

Gas

17.43%

Cheniere

Energy

Partners

LP

1,380

76,231

Delek

Logistics

Partners

LP

2,000

87,640

Energy

Transfer

LP

380,200

6,737,144

Enterprise

Products

Partners

LP

173,136

5,564,591

MPLX

LP

106,897

5,437,850

Plains

All

American

Pipeline

LP

257,300

4,631,400

Western

Midstream

Partners

LP

128,150

5,024,762

27,559,618

Oilfield

Services

&

Equipment

0.08%

USA

Compression

Partners

LP

5,284

127,133

Refining

&

Marketing

0.43%

Sunoco

LP

13,000

679,900

Total

Master

Limited

Partnerships

—

Partnership

Shares

(Cost $15,849,297)

29,781,039

Common

Stocks

80.85%

Diversified

Industrials

0.68%

ITT,

Inc.

6,350

1,081,088

Electrical

Power

Equipment

1.24%

GE

Vernova

LLC

2,225

1,363,858

Vertiv

Holdings

Co.

4,600

586,730

1,950,588

Exploration

&

Production

13.56%

Antero

Resources

Corp.

(a) 15,500

494,760

Canadian

Natural

Resources

Ltd.

4,000

126,600

Chesapeake

Energy

Corp.

9,050

875,859

Chord

Energy

Corp.

38,462

CNX

Resources

Corp.

(a) 14,500

423,400

ConocoPhillips

42,177

4,174,258

Coterra

Energy,

Inc.

64,500

1,576,380

Crescent

Energy

Co.,

Class

A

3,000

28,620

Devon

Energy

Corp.

38,450

1,388,045

Diamondback

Energy,

Inc.

14,850

2,209,086

EOG

Resources,

Inc.

22,200

2,771,004

Spirit

of

America

Energy

Fund

Schedule

of

Investments

(continued)

August

31,

2025

(Unaudited)

Shares

Market

Value

EQT

Corp.

23,000

$

1,192,320

Matador

Resources

Co.

9,000

453,240

Murphy

Oil

Corp.

5,000

124,300

Occidental

Petroleum

Corp.

29,100

1,385,451

Ovintiv,

Inc.

9,500

400,140

Permian

Resources

Corp.

12,000

171,480

Range

Resources

Corp.

7,000

239,890

Texas

Pacific

Land

Corp.

2,405

2,245,019

Viper

Energy,

Inc.

28,100

1,119,645

21,437,959

Gas

Utilities

0.20%

UGI

Corp.

9,000

311,760

Integrated

Electric

Utilities

1.26%

Dominion

Energy,

Inc.

1,500

89,850

Duke

Energy

Corp.

1,750

214,358

Entergy

Corp.

5,600

493,304

IDACORP,

Inc.

950

118,845

NextEra

Energy,

Inc.

1,950

140,498

PPL

Corp.

25,000

911,750

1,968,605

Integrated

Oils

9.10%

BP

PLC ADR

70,361

2,478,818

Chevron

Corp.

38,378

6,163,507

Exxon

Mobil

Corp.

48,289

5,518,950

Suncor

Energy,

Inc.

4,000

165,200

TotalEnergies

SE ADR

1,000

62,750

14,389,225

Midstream

-

Oil

&

Gas

32.19%

Antero

Midstream

Corp.

49,500

880,605

Cheniere

Energy,

Inc.

28,650

6,928,143

Enbridge,

Inc.

142,127

6,870,419

Hess

Midstream

LP,

Class

A

137,837

5,678,884

Kinder

Morgan,

Inc.

242,994

6,555,978

Kinetik

Holdings,

Inc.

10,000

418,300

ONEOK,

Inc.

67,347

5,143,964

Plains

GP

Holdings

LP,

Class

A

64,000

1,235,200

South

Bow

Corp.

11,765

326,361

Targa

Resources

Corp.

37,908

6,359,446

TC

Energy

Corp.

52,578

2,737,211

Williams

Companies,

Inc.

(The)

134,382

7,778,029

50,912,540

Oilfield

Services

&

Equipment

3.56%

Baker

Hughes

Co.

62,000

2,814,800

Halliburton

Co.

34,000

772,820

Spirit

of

America

Energy

Fund

Schedule

of

Investments

(continued)

August

31,

2025

(Unaudited)

ADR

–

American

Depositary

Receipt

Shares

Market

Value

Liberty

Oilfield

Services,

Inc.,

Class

A

4,000

$

45,000

Schlumberger

Ltd.

38,400

1,414,656

TechnipFMC

PLC

16,000

588,160

5,635,436

Power

Generation

4.26%

Constellation

Energy

Corp.

4,650

1,432,107

Oklo,

Inc.

(a) 21,600

1,590,624

Talen

Energy

Corp.

(a) 5,700

2,159,843

Vistra

Energy

Corp.

8,400

1,588,524

6,771,098

Refining

&

Marketing

14.80%

HF

Sinclair

Corp.

27,676

1,408,155

Marathon

Petroleum

Corp.

41,825

7,516,371

PBF

Energy,

Inc.,

Class

A

41,250

1,126,950

Phillips

50,486

6,743,920

Valero

Energy

Corp.

43,619

6,630,524

23,425,920

Total

Common

Stocks

(Cost $94,126,871)

127,884,219

Total

Investments

—

99.68%

(Cost

$109,976,168)

157,665,258

Other

Assets

in

Excess

of

Liabilities

—

0.32%

509,299

NET

ASSETS

-

100.00%

$

158,174,557

(a) Non-income

producing

security.

## 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 Turnpike

  - **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 ENERGY FUND

- **b. EDGAR series identifier (if any):** S000046009

- **c. LEI of Series:** 549300NUK30FC9K5W533

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**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:** $158568511.17

**Total Liabilities:** $323167.65

**Net Assets:** $158245343.52

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000143747 | -2.09%               | -3.94%               | -4.27%               |
| Class ID C000167220 | 2.84%                | 0.90%                | 0.54%                |
| Class ID C000218733 | 3.86%                | 1.96%                | 1.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3593714.33              | $2800868.09                                |
| Month 2  | $1837779.67              | $1099146.23                                |
| Month 3  | $1602464.09              | $-63476.04                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Crescent Energy Co.                                                | Crescent Energy Co.             | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3000 | NS      | $28620.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                                             | BP PLC                          | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     70361 | NS      | $2478818.03   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                                         | ONEOK, Inc.                     | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     67347 | NS      | $5143963.86   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                                   | TotalEnergies SE                | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      1000 | NS      | $62750.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Partners Lp                                        | Cheniere Energy Partners LP     | CUSIP: 16411Q101<br>LEI: 5493005UEC8AZ34LDV29 | Long             | EC               | CORP              | US        |      1380 | NS      | $76231.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                                                   | Duke Energy Corp.               | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      1750 | NS      | $214357.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                             | Diamondback Energy, Inc.        | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     14850 | NS      | $2209086.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                                                 | Chord Energy Corp.              | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |       350 | NS      | $38461.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc.                                                          | Oklo, Inc.                      | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21600 | NS      | $1590624.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                                                 | Coterra Energy, Inc.            | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     64500 | NS      | $1576380.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Suburban Propane Partners LP / Suburban Energy Finance Corporation | Suburban Propane Partners, L.P. | CUSIP: 864482104<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | EC               | CORP              | US        |      8000 | NS      | $149760.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                                               | Kinetik Holdings Inc            | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $418300.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                                                 | Vertiv Holdings Co.             | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      4600 | NS      | $586730.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                                          | Matador Resources Co.           | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      9000 | NS      | $453240.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                                     | ConocoPhillips                  | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     42177 | NS      | $4174257.69   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                                                    | GE Vernova LLC                  | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      2225 | NS      | $1363858.25   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                                              | Range Resources Corp.           | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      7000 | NS      | $239890.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains All American Pipeline L.P.                                  | Plains All American Pipeline LP | CUSIP: 726503105<br>LEI: 5521FA2ITF25TVH63740 | Long             | EC               | CORP              | US        |    257300 | NS      | $4631400.00   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                                           | UGI Corp.                       | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      9000 | NS      | $311760.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                                                            | MPLX LP                         | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |    106897 | NS      | $5437850.39   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                                             | Permian Resources Corp.         | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     12000 | NS      | $171480.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                                        | Phillips 66                     | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     50486 | NS      | $6743919.88   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corporation                                       | Antero Midstream Corp.          | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49500 | NS      | $880605.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                                                    | PPL Corp.                       | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     25000 | NS      | $911750.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP                                      | Western Midstream Partners LP   | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128150 | NS      | $5024761.50   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                                      | Chevron Corp.                   | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38378 | NS      | $6163506.80   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek Logistics Partners Lp                                        | Delek Logistics Partners LP     | CUSIP: 24664T103<br>LEI: 549300UVYITDIU51P724 | Long             | EC               | CORP              | US        |      2000 | NS      | $87640.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                                 | Energy Transfer LP              | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    380200 | NS      | $6737144.00   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                                            | ITT, Inc.                       | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      6350 | NS      | $1081087.50   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited                                               | Schlumberger Ltd.               | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     38400 | NS      | $1414656.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                                 | NextEra Energy, Inc.            | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      1950 | NS      | $140497.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                                      | Enbridge, Inc.                  | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    142127 | NS      | $6870419.18   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                                                | Kinder Morgan, Inc.             | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    242994 | NS      | $6555978.12   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                                                 | Suncor Energy, Inc.             | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      4000 | NS      | $165200.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp.                                                    | SOUTH BOW CORP                  | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |     11765 | NS      | $326361.10    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)                                      | Williams Cos, Inc./The          | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    134382 | NS      | $7778030.16   | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                                                | Valero Energy Corp.             | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     43619 | NS      | $6630524.19   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                                                | Entergy Corp.                   | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      5600 | NS      | $493304.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                                         | Constellation Energy Corp.      | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      4650 | NS      | $1432107.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                                                  | HF Sinclair Corporation         | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     27676 | NS      | $1408154.88   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                                                 | EOG Resources, Inc.             | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     22200 | NS      | $2771004.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| USA Compression Partners Lp                                        | USA Compression Partners LP     | CUSIP: 90290N109<br>LEI: 5493000B1PEOKXRZEO65 | Long             | EC               | CORP              | US        |      5284 | NS      | $127133.04    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                                     | TC Energy Corp.                 | CUSIP: 89353D107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     52578 | NS      | $2737210.68   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                                                | Halliburton Co.                 | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     34000 | NS      | $772820.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                                        | Ovintiv, Inc.                   | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |      9500 | NS      | $400140.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP                                                  | Hess Midstream LP               | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    137837 | NS      | $5678884.40   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                                           | Marathon Petroleum Corp.        | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     41825 | NS      | $7516370.75   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corporation                                          | CNX Resources Corp.             | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     14500 | NS      | $423400.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited                                 | Canadian Natural Resources Ltd. | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      4000 | NS      | $126600.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc.                                                  | Viper Energy, Inc.              | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28100 | NS      | $1119644.50   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                                              | Targa Resources Corp.           | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     37908 | NS      | $6359446.08   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                                     | TechnipFMC PLC                  | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     16000 | NS      | $588160.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Stone Minerals LP                                            | Black Stone Minerals, L.P.      | CUSIP: 09225M101<br>LEI: 0C0OFK66613BCRQJ7F34 | Long             | EC               | CORP              | US        |    103999 | NS      | $1264627.84   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                                                | EXPAND ENERGY CORP              | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      9050 | NS      | $875859.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                                                     | PBF Energy, Inc.                | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     41250 | NS      | $1126950.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation                                             | Murphy Oil Corp.                | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |      5000 | NS      | $124300.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation                                     | Texas Pacific Land Corp.        | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2405 | NS      | $2245019.40   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                                        | Vistra Energy Corp.             | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      8400 | NS      | $1588524.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                                               | Baker Hughes Co.                | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62000 | NS      | $2814800.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP                                              | Plains GP Holdings LP           | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |     64000 | NS      | $1235200.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunoco LP                                                          | Sunoco LP                       | CUSIP: 86765K109<br>LEI: 54930001NJU8E40NQ561 | Long             | EC               | CORP              | US        |     13000 | NS      | $679900.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                                                    | EQT Corp.                       | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     23000 | NS      | $1192320.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                                         | Occidental Petroleum Corp.      | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     29100 | NS      | $1385451.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                                        | IDACORP, Inc.                   | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |       950 | NS      | $118845.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                                | Cheniere Energy, Inc.           | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     28650 | NS      | $6928143.00   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corporation                                       | Antero Resources Corp.          | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     15500 | NS      | $494760.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                                           | Devon Energy Corp.              | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     38450 | NS      | $1388045.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                                | Dominion Resources, Inc.        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      1500 | NS      | $89850.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                                                 | Liberty Oilfield Services, Inc. | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $45000.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P.                                  | Enterprise Products Partners LP | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    173136 | NS      | $5564591.04   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corporation                                           | Talen Energy Corp.              | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5700 | NS      | $2159844.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                                  | Exxon Mobil Corp.               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     48289 | NS      | $5518949.81   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

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

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller