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Ancora Income I (AAIIX)

8.48 Up 0.01(0.12%) Oct 1

Profile as of Aug 30, 2014Get Profile for:
Ancora Income I
Ancora TrustOne Chagrin Higlands 2000 Auburn DrCleveland, OH 44122
Phone: 866-626-2672
Fund Overview 
Category:Multisector Bond
Fund Family:Ancora
Net Assets:25.49M
Year-to-Date Return:11.24%
Morningstar Rating:3 stars
Fund Inception Date:Jan 5, 2004
Morningstar Style Box 
Multisector Bond
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Management Information 
Richard A. Barone
Lead Manager since Jan 5, 2004
Barone serves as chairman of Ancora Advisors LLC. From 2001 to 2003, Mr. Barone served as portfolio manager of Fifth Third Bancorp’s asset management subsidiary, Fifth Third Investment Advisors. Prior to 2001, Mr. Barone was Chief Executive Officer of Maxus Investment Group, a financial services company, and was the portfolio manager. Barone became chairman of the Maxus Investment Group in 1973. Previously, he spent six years as vice president of J.N. Russell. Barone is also a financial principal with the National Association of Security Dealers.
Investment Information 
Min Initial Investment:5,000
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:5,000
Min Subsequent Investment:1,000
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:100
AAIIX can be purchased from 15 brokerages.

Fund Summary 
The investment seeks a high level of income with a secondary objective of capital appreciation. The fund primarily invests at least 80% of its assets in income-producing securities (such as debt securities, preferred stocks, high dividend-bearing common shares and common and preferred shares of closed-end investment companies). It will invest 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.

Fund Operations 
Last Dividend (Sep 25, 2014) : 0.05
Last Cap Gain : 0.00
Annual Holdings Turnover (Sep 29, 2014) : 122.34%
Average for Category:73.70%
Fees & Expenses 
ExpenseAAIIXCategory Avg
Annual Report Expense Ratio (net):1.29%1.08%
Prospectus Net Expense Ratio:1.55%N/A
Prospectus Gross Expense Ratio:1.71%N/A
Max 12b1 Fee:0.00%N/A
Max Front End Sales Load:N/A4.15%
Max Deferred Sales Load: N/A2.01%
3 Yr Expense Projection*:539536
5 Yr Expense Projection*:928870
10 Yr Expense Projection*:2,0191,789
* Per $10,000 invested