Ancora Income Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.2%
1 yr return
9.6%
3 Yr Avg Return
0.5%
5 Yr Avg Return
2.7%
Net Assets
$36 M
Holdings in Top 10
22.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.79%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 40.56%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AAIIX - Profile
Distributions
- YTD Total Return 2.2%
- 3 Yr Annualized Total Return 0.5%
- 5 Yr Annualized Total Return 2.7%
- Capital Gain Distribution Frequency Monthly
- Net Income Ratio 4.43%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAncora Income Fund
-
Fund Family NameAncora Trust
-
Inception DateDec 31, 2012
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin Gale
Fund Description
The Fund pursues its income objective by investing primarily in income-producing securities (such as debt securities, preferred stocks, high dividend-bearing common shares, common and preferred shares of closed-end investment companies (also known as “closed-end funds”) and shares of exchange-traded funds (“ETFs”) having portfolios consisting primarily of income-producing securities). Under normal circumstances, at least 80% of the assets of the Fund will be invested in income-producing securities. Certain of the debt securities and preferred stocks in which the Fund invests may be convertible into common shares (“convertible securities”). In addition, certain of the debt securities in which the Fund invests are bonds the issuers of which are real estate investment trusts and business development companies. The Fund will pursue its capital appreciation objective by investing in shares of closed-end funds and convertible securities of large, small and mid-sized companies. The Fund will invest only in securities of companies with market capitalizations of more than $500 million, except that the Fund may invest in closed-end funds with market capitalizations of less than that amount.
The Fund will alter the composition of its portfolio as economic and market trends change. The Advisor will increase its investment in short-term debt securities during periods when it believes interest rates will rise and will increase its investment in long-term debt securities when it believes interest rates will decline. The Fund may invest in debt securities of any maturity, but average maturity generally will not exceed 15 years.
In selecting corporate debt securities for the Fund, the Advisor intends to invest principally in securities rated BBB or better by Standard & Poor’s Corporation rating service, but may invest in securities rated as low as BB, B, CCC or CC or unrated securities when these investments are believed by the Advisor to be sound. The Fund will not invest more than 20% of its portfolio in (i) securities rated BB or lower by Standard & Poor’s Corporation and/or (ii) unrated securities which, in the opinion of the Advisor, are of quality comparable to those rated BB or lower. Securities rated lower than BBB by Standard & Poor’s, sometimes referred to as “junk bonds,” are usually considered lower-rated securities and have speculative characteristics. Please refer to Appendix A of this Prospectus for a description of these ratings.
In selecting closed-end funds for the Fund, the Advisor will invest in closed-end funds which, in choosing corporate debt securities in which they invest, adhere to ratings criteria no less strict than those followed by the Fund in selecting its direct investments that incorporate debt securities. Such closed-end funds may invest in debt securities of United States or foreign issuers.
AAIIX - Performance
Return Ranking - Trailing
Period | AAIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -12.5% | 2.8% | 0.50% |
1 Yr | 9.6% | -10.5% | 10.2% | 0.40% |
3 Yr | 0.5%* | -11.1% | 24.6% | 0.42% |
5 Yr | 2.7%* | -7.0% | 190.6% | 3.07% |
10 Yr | 3.7%* | -2.6% | 73.3% | 3.65% |
* Annualized
Return Ranking - Calendar
Period | AAIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.2% | -16.2% | 8.1% | 2.50% |
2022 | -17.8% | -34.7% | 131.9% | 87.65% |
2021 | 4.4% | -11.6% | 4.4% | 0.11% |
2020 | -2.3% | -10.1% | 946.1% | 98.46% |
2019 | 6.7% | -1.7% | 16.9% | 14.35% |
Total Return Ranking - Trailing
Period | AAIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -12.5% | 2.8% | 0.50% |
1 Yr | 9.6% | -10.5% | 10.2% | 0.40% |
3 Yr | 0.5%* | -11.1% | 24.6% | 0.42% |
5 Yr | 2.7%* | -7.0% | 190.6% | 3.07% |
10 Yr | 3.7%* | -2.6% | 73.3% | 3.65% |
* Annualized
Total Return Ranking - Calendar
Period | AAIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.0% | -11.3% | 11.0% | 0.40% |
2022 | -13.6% | -32.2% | 131.9% | 49.69% |
2021 | 9.2% | -9.4% | 9.2% | 0.11% |
2020 | 3.7% | -1.9% | 1009.0% | 96.70% |
2019 | 11.7% | 1.1% | 21668.0% | 2.53% |
NAV & Total Return History
AAIIX - Holdings
Concentration Analysis
AAIIX | Category Low | Category High | AAIIX % Rank | |
---|---|---|---|---|
Net Assets | 36 M | 2.9 M | 314 B | 95.08% |
Number of Holdings | 94 | 1 | 17889 | 95.36% |
Net Assets in Top 10 | 8.14 M | -106 M | 36.5 B | 96.94% |
Weighting of Top 10 | 22.75% | 4.4% | 134.1% | 55.56% |
Top 10 Holdings
- Apollo Global Management, Inc., 7.625%, due 09/15/2053 3.07%
- First American Funds Government Obligation Class Y 2.96%
- The Allstate Corp., 7.375%, due 07/15/2028 2.89%
- NiSource. Inc., 6.500%, due 03/15/2024 2.44%
- Fifth Third Bancorp, 8.785%, due 01/29/2024 2.29%
- Citigroup, Inc., 7.625%, due 11/15/2028 2.14%
- Carlyle Finance LLC., 4.625%, due 05/15/2061 2.01%
- Annaly Capital Management, Inc., 6.750%, due 6/30/2024 1.70%
- Atlanticus Holdings Corp., 6.125%, due 01/11/2024 1.63%
- Jackson Financial Inc., 8.000%, due 03/30/2028 1.62%
Asset Allocation
Weighting | Return Low | Return High | AAIIX % Rank | |
---|---|---|---|---|
Preferred Stocks | 74.68% | 0.00% | 74.68% | 0.10% |
Bonds | 19.39% | 0.00% | 215.98% | 98.43% |
Stocks | 3.75% | 0.00% | 99.93% | 4.63% |
Cash | 2.96% | -54.51% | 79.52% | 47.14% |
Convertible Bonds | 0.03% | 0.00% | 7.93% | 86.40% |
Other | 0.00% | -13.23% | 50.66% | 92.11% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AAIIX % Rank | |
---|---|---|---|---|
Financial Services | 30.75% | 0.00% | 100.00% | 23.67% |
Energy | 18.58% | 0.00% | 100.00% | 32.54% |
Real Estate | 13.72% | 0.00% | 99.26% | 11.24% |
Basic Materials | 10.47% | 0.00% | 100.00% | 7.69% |
Utilities | 10.00% | 0.00% | 100.00% | 14.79% |
Consumer Cyclical | 8.59% | 0.00% | 100.00% | 23.08% |
Consumer Defense | 6.37% | 0.00% | 99.67% | 14.20% |
Technology | 0.89% | 0.00% | 43.45% | 23.08% |
Healthcare | 0.23% | 0.00% | 17.70% | 19.53% |
Industrials | 0.21% | 0.00% | 48.31% | 38.46% |
Communication Services | 0.19% | 0.00% | 100.00% | 31.36% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AAIIX % Rank | |
---|---|---|---|---|
US | 3.75% | 0.00% | 99.93% | 4.64% |
Non US | 0.00% | 0.00% | 86.52% | 99.01% |
Bond Sector Breakdown
Weighting | Return Low | Return High | AAIIX % Rank | |
---|---|---|---|---|
Corporate | 89.37% | 0.00% | 100.00% | 0.20% |
Cash & Equivalents | 2.96% | 0.00% | 76.23% | 45.27% |
Government | 0.27% | 0.00% | 86.23% | 96.62% |
Derivative | 0.00% | -3.37% | 50.66% | 80.18% |
Securitized | 0.00% | 0.00% | 98.40% | 99.80% |
Municipal | 0.00% | 0.00% | 100.00% | 98.91% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AAIIX % Rank | |
---|---|---|---|---|
US | 19.39% | 0.00% | 215.98% | 98.42% |
Non US | 0.00% | 0.00% | 39.04% | 99.31% |
AAIIX - Expenses
Operational Fees
AAIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.79% | 0.01% | 39.10% | 4.77% |
Management Fee | 0.50% | 0.00% | 1.76% | 91.63% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 14.02% |
Administrative Fee | 0.10% | 0.01% | 0.50% | 62.19% |
Sales Fees
AAIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AAIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 57.89% |
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.
AAIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 40.56% | 2.00% | 493.39% | 13.44% |
AAIIX - Distributions
Dividend Yield Analysis
AAIIX | Category Low | Category High | AAIIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.26% | 6.50% |
Dividend Distribution Analysis
AAIIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
AAIIX | Category Low | Category High | AAIIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.43% | -1.28% | 4.79% | 0.52% |
Capital Gain Distribution Analysis
AAIIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Monthly | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 26, 2024 | $0.030 | OrdinaryDividend |
Feb 27, 2024 | $0.030 | OrdinaryDividend |
Jan 29, 2024 | $0.030 | OrdinaryDividend |
Dec 27, 2023 | $0.030 | OrdinaryDividend |
Nov 27, 2023 | $0.030 | OrdinaryDividend |
Oct 27, 2023 | $0.030 | OrdinaryDividend |
Sep 27, 2023 | $0.030 | OrdinaryDividend |
Aug 29, 2023 | $0.030 | OrdinaryDividend |
Jul 27, 2023 | $0.030 | OrdinaryDividend |
Jun 28, 2023 | $0.030 | OrdinaryDividend |
May 26, 2023 | $0.030 | OrdinaryDividend |
Apr 26, 2023 | $0.030 | OrdinaryDividend |
Mar 29, 2023 | $0.030 | OrdinaryDividend |
Feb 24, 2023 | $0.030 | OrdinaryDividend |
Jan 27, 2023 | $0.030 | OrdinaryDividend |
Nov 28, 2022 | $0.030 | OrdinaryDividend |
Oct 25, 2022 | $0.030 | OrdinaryDividend |
Sep 28, 2022 | $0.030 | OrdinaryDividend |
Aug 29, 2022 | $0.030 | OrdinaryDividend |
Jul 27, 2022 | $0.030 | OrdinaryDividend |
Jun 28, 2022 | $0.030 | OrdinaryDividend |
May 26, 2022 | $0.030 | OrdinaryDividend |
Apr 27, 2022 | $0.030 | OrdinaryDividend |
Mar 29, 2022 | $0.030 | OrdinaryDividend |
Feb 24, 2022 | $0.030 | OrdinaryDividend |
Jan 27, 2022 | $0.030 | OrdinaryDividend |
Nov 26, 2021 | $0.030 | OrdinaryDividend |
Oct 27, 2021 | $0.030 | OrdinaryDividend |
Sep 28, 2021 | $0.030 | OrdinaryDividend |
Aug 27, 2021 | $0.030 | OrdinaryDividend |
Jul 28, 2021 | $0.030 | OrdinaryDividend |
Jun 28, 2021 | $0.030 | OrdinaryDividend |
May 26, 2021 | $0.030 | OrdinaryDividend |
Apr 28, 2021 | $0.030 | OrdinaryDividend |
Mar 29, 2021 | $0.030 | OrdinaryDividend |
Feb 24, 2021 | $0.030 | OrdinaryDividend |
Jan 27, 2021 | $0.030 | OrdinaryDividend |
Sep 28, 2020 | $0.019 | OrdinaryDividend |
Aug 27, 2020 | $0.026 | OrdinaryDividend |
Jul 29, 2020 | $0.026 | OrdinaryDividend |
Jun 26, 2020 | $0.026 | OrdinaryDividend |
May 27, 2020 | $0.026 | OrdinaryDividend |
Apr 28, 2020 | $0.026 | OrdinaryDividend |
Mar 27, 2020 | $0.026 | OrdinaryDividend |
Feb 26, 2020 | $0.026 | OrdinaryDividend |
Jan 29, 2020 | $0.026 | OrdinaryDividend |
Dec 26, 2019 | $0.040 | OrdinaryDividend |
Nov 26, 2019 | $0.040 | OrdinaryDividend |
Oct 29, 2019 | $0.040 | OrdinaryDividend |
Sep 26, 2019 | $0.040 | OrdinaryDividend |
Aug 28, 2019 | $0.040 | OrdinaryDividend |
Jul 29, 2019 | $0.040 | OrdinaryDividend |
May 29, 2019 | $0.026 | OrdinaryDividend |
Apr 26, 2019 | $0.026 | OrdinaryDividend |
Mar 27, 2019 | $0.026 | OrdinaryDividend |
Feb 26, 2019 | $0.026 | OrdinaryDividend |
Jan 29, 2019 | $0.026 | OrdinaryDividend |
Nov 28, 2018 | $0.028 | OrdinaryDividend |
Oct 29, 2018 | $0.028 | OrdinaryDividend |
Aug 28, 2018 | $0.030 | OrdinaryDividend |
Jul 27, 2018 | $0.030 | OrdinaryDividend |
Jun 27, 2018 | $0.030 | OrdinaryDividend |
May 29, 2018 | $0.030 | OrdinaryDividend |
Apr 26, 2018 | $0.030 | OrdinaryDividend |
Mar 28, 2018 | $0.030 | OrdinaryDividend |
Feb 26, 2018 | $0.030 | OrdinaryDividend |
Jan 29, 2018 | $0.030 | OrdinaryDividend |
Nov 28, 2017 | $0.033 | OrdinaryDividend |
Oct 27, 2017 | $0.033 | OrdinaryDividend |
Sep 27, 2017 | $0.033 | OrdinaryDividend |
Aug 29, 2017 | $0.033 | OrdinaryDividend |
Jul 27, 2017 | $0.033 | OrdinaryDividend |
Jun 28, 2017 | $0.033 | OrdinaryDividend |
Mar 29, 2017 | $0.033 | OrdinaryDividend |
Feb 24, 2017 | $0.033 | OrdinaryDividend |
Jan 27, 2017 | $0.043 | OrdinaryDividend |
Dec 27, 2016 | $0.043 | OrdinaryDividend |
Oct 27, 2016 | $0.043 | OrdinaryDividend |
Sep 28, 2016 | $0.043 | OrdinaryDividend |
Aug 29, 2016 | $0.043 | OrdinaryDividend |
Jul 27, 2016 | $0.043 | OrdinaryDividend |
Jun 28, 2016 | $0.043 | OrdinaryDividend |
May 26, 2016 | $0.043 | OrdinaryDividend |
Apr 27, 2016 | $0.043 | OrdinaryDividend |
Mar 29, 2016 | $0.043 | OrdinaryDividend |
Feb 25, 2016 | $0.048 | OrdinaryDividend |
Jan 27, 2016 | $0.048 | OrdinaryDividend |
Dec 28, 2015 | $0.025 | OrdinaryDividend |
Nov 25, 2015 | $0.048 | OrdinaryDividend |
Oct 28, 2015 | $0.048 | OrdinaryDividend |
Sep 28, 2015 | $0.048 | OrdinaryDividend |
Aug 27, 2015 | $0.048 | OrdinaryDividend |
Jul 29, 2015 | $0.048 | OrdinaryDividend |
Jun 26, 2015 | $0.048 | OrdinaryDividend |
May 27, 2015 | $0.048 | OrdinaryDividend |
Apr 28, 2015 | $0.048 | OrdinaryDividend |
Mar 27, 2015 | $0.048 | OrdinaryDividend |
Feb 25, 2015 | $0.048 | OrdinaryDividend |
Jan 29, 2015 | $0.048 | OrdinaryDividend |
Dec 26, 2014 | $0.048 | OrdinaryDividend |
Nov 25, 2014 | $0.048 | OrdinaryDividend |
Oct 29, 2014 | $0.048 | OrdinaryDividend |
Sep 26, 2014 | $0.048 | OrdinaryDividend |
Aug 27, 2014 | $0.053 | OrdinaryDividend |
Jul 29, 2014 | $0.053 | OrdinaryDividend |
Jun 26, 2014 | $0.053 | OrdinaryDividend |
May 28, 2014 | $0.053 | OrdinaryDividend |
Apr 28, 2014 | $0.053 | OrdinaryDividend |
Mar 27, 2014 | $0.053 | OrdinaryDividend |
Feb 26, 2014 | $0.053 | OrdinaryDividend |
Jan 29, 2014 | $0.053 | OrdinaryDividend |
Dec 26, 2013 | $0.053 | OrdinaryDividend |
Nov 26, 2013 | $0.053 | OrdinaryDividend |
Oct 29, 2013 | $0.053 | OrdinaryDividend |
Sep 26, 2013 | $0.053 | OrdinaryDividend |
Aug 28, 2013 | $0.053 | OrdinaryDividend |
Jul 29, 2013 | $0.053 | OrdinaryDividend |
Jun 26, 2013 | $0.053 | OrdinaryDividend |
May 29, 2013 | $0.053 | OrdinaryDividend |
Apr 26, 2013 | $0.053 | OrdinaryDividend |
Mar 26, 2013 | $0.053 | OrdinaryDividend |
Feb 26, 2013 | $0.053 | OrdinaryDividend |
Jan 29, 2013 | $0.053 | OrdinaryDividend |
AAIIX - Fund Manager Analysis
Managers
Kevin Gale
Start Date
Tenure
Tenure Rank
May 01, 2020
2.08
2.1%
Mr. Gale joined Ancora Advisors in 2019 as part of the firm’s Fixed Income Team. Mr. Gale leads the team managing the firm’s various fixed income strategies as well as the individual portfolios for institutional and high net worth accounts. Prior to joining Ancora Advisors, Mr. Gale worked in various positions with increasing responsibility at KeyBank since 2000. Mr. Gale has a Bachelor of Science degree in Family Financial Management from The Ohio State University, and a Master of Business Administration from Cleveland State University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.43 | 6.81 | 1.16 |