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AATIX Ancora/Thelen Small-Mid Cap I

  • Fund
  • AATIX
  • Price as of: Oct 16, 2018
  • $15.97
  • + $0.34
  • + 2.18%
  • Category
  • Micro Cap Equities

AATIX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 15.8%
  • 5 Yr Annualized Return 9.8%
  • Net Assets $130 M
  • Holdings in Top 10 25.6%

52 WEEK LOW AND HIGH

$15.97
$15.06
$16.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 60.96%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$5,000

Investment Themes

CATEGORY

Micro Cap Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Blend

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 15.8%
  • 5 Yr Annualized Total Return 9.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.46%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Ancora/Thelen Small-Mid Cap Fund
  • Fund Family Name Ancora
  • Inception Date Jan 02, 2013
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Daniel G. Thelen

Fund Description

The fund normally will invest at least 80% of its net assets in the equity securities of "small to mid cap" companies. Currently, the adviser defines a small to mid-cap company to be one whose market capitalization either falls within the capitalization range of the Russell 2500 Index, an index that tracks stocks of 2,500 of the smallest U.S. companies, or is $10 billion or less at the time of investment.

AATIX - Performance

Return Ranking - Trailing

Period AATIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.7% -13.2% 24.9% 64.41% 4
1 Yr 12.3% -13.9% 45.7% 48.33% 3
3 Yr 15.8% * -1.9% 26.1% 42.59% 3
5 Yr 9.8% * 3.8% 20.1% 44.23% 3
10 Yr N/A * 1.9% 17.4% N/A N/A

* Annualized


Return Ranking - Calendar

Period AATIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 10.8% -17.6% 28.9% 22.41% 2
2016 16.4% -22.1% 33.0% 41.07% 2
2015 -10.2% -30.4% 3.3% 50.00% 3
2014 1.8% -24.9% 28.6% 13.73% 1
2013 1.8% 1.8% 64.7% 100.00% 5

Total Return Ranking - Trailing

Period AATIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.7% -13.2% 24.9% 64.41% 4
1 Yr 12.3% -10.9% 45.7% 46.67% 3
3 Yr 15.8% * 0.5% 26.1% 37.04% 2
5 Yr 9.8% * 3.8% 20.1% 44.23% 3
10 Yr N/A * 4.3% 17.4% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period AATIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 10.8% -17.6% 28.9% 22.41% 2
2016 16.4% -10.7% 33.0% 41.07% 2
2015 -9.4% -16.2% 8.2% 64.81% 4
2014 1.8% -8.6% 47.2% 35.29% 2
2013 1.8% 1.8% 386.6% 100.00% 5

NAV & Total Return History

AATIX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

AATIX Category Low Category High AATIX % Rank Quintile
Net Assets 130 M 3.66 M 7.23 B 22.95% 3
Number of Holdings 83 38 1648 26.23% 3
Net Assets in Top 10 33.4 M 405 K 291 M 18.03% 2
Weighting of Top 10 25.6% 3.9% 45.3% 19.67% 2

Top 10 Holdings

  1. Voya Financial Inc 2.22%
  2. Vistra Energy Corp 2.43%
  3. Conduent Inc 3.05%
  4. Park Hotels & Resorts Inc 3.25%
  5. GCI Liberty Inc A 3.49%
  6. Avaya Holdings Corp 2.11%
  7. Platform Specialty Products Corp 2.39%
  8. Kearny Financial Corp 2.21%
  9. Perspecta Inc Ordinary Shares 2.11%
  10. Qurate Retail Inc Class A 2.39%

Asset Allocation

Weighting Category Low Category High AATIX % Rank Quintile
Stocks
92.49% 74.84% 100.00% 47.54% 4
Cash
7.51% 0.00% 20.83% 9.84% 1
Preferred Stocks
0.00% 0.00% 3.58% 6.56% 5
Other
0.00% 0.00% 5.55% 18.03% 5
Convertible Bonds
0.00% 0.00% 0.04% 4.92% 5
Bonds
0.00% 0.00% 3.42% 4.92% 5

Stock Sector Breakdown

Weighting Category Low Category High AATIX % Rank Quintile
Consumer Cyclical
19.94% 4.49% 45.45% 8.20% 1
Technology
12.21% 6.08% 46.46% 44.26% 4
Basic Materials
11.56% 0.00% 14.38% 3.28% 1
Industrials
11.14% 8.23% 31.03% 45.90% 4
Financial Services
11.03% 0.00% 34.69% 34.43% 3
Real Estate
7.90% 0.00% 7.90% 1.64% 1
Healthcare
6.19% 0.97% 37.89% 40.98% 4
Utilities
3.95% 0.00% 6.94% 6.56% 1
Communication Services
3.49% 0.00% 5.84% 3.28% 1
Consumer Defense
3.40% 0.00% 10.41% 32.79% 2
Energy
1.68% 0.00% 10.89% 42.62% 4

Stock Geographic Breakdown

Weighting Category Low Category High AATIX % Rank Quintile
US
90.29% 65.52% 100.00% 44.26% 4
Non US
2.20% 0.00% 23.03% 31.15% 2

AATIX - Expenses

Operational Fees

AATIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.32% 0.52% 6.72% 72.13% 1
Management Fee 1.00% 0.50% 1.50% 9.84% 4
12b-1 Fee 0.00% 0.00% 1.00% 15.79% 2
Administrative Fee 0.10% 0.01% 0.40% 16.00% 3

Sales Fees

AATIX Fees (% of AUM) Category Low Category High AATIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

AATIX Fees (% of AUM) Category Low Category High AATIX Rank Quintile
Max Redemption Fee 2.00% 1.00% 2.00% 3.23% 5

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AATIX Fees (% of AUM) Category Low Category High AATIX Rank Quintile
Turnover 60.96% 8.82% 177.00% 20.69% 4

AATIX - Distributions

Dividend Yield Analysis

AATIX Category Low Category High AATIX % Rank Quintile
Dividend Yield 0.0% 0.00% 0.28% 31.43% 2

Dividend Distribution Analysis

AATIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

AATIX Category Low Category High AATIX % Rank Quintile
Net Income Ratio 0.46% -2.70% 0.75% 4.92% 1

Capital Gain Distribution Analysis

AATIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

AATIX - Managers

Daniel G. Thelen

Manager

Start Date

Jan 02, 2013

Tenure

5.75

Tenure Rank

21.5%

Dan Thelen joined Ancora in 2012 as the Director of Small/Midcap investment products. He is responsible for the management of institutional client portfolios as well as expanding the asset base of Ancora’s Family of Mutual Funds. Dan began his career in 1990 in Price Waterhouse’s Valuation Services Group. In 1996, Dan joined Loomis Sayles & Company and served as portfolio manager for the small mid cap value product. Dan received a BA and MBA from Michigan State University and holds the CFA designation as well as the Series 7 and 63 licenses.


Tenure Analysis

Category Low

0.0

Category High

24.3

Category Average

6.65

Category Mode

3.8