• FirefoxUpgrade to the new Firefox »
  •  Dow Up0.03% Nasdaq Up0.17%

    Ancora Income I (AAIIX)

    8.44 0.00(0.00%) Dec 24

    Profile as of Nov 29, 2014Get Profile for:
    Ancora Income I
    Ancora TrustOne Chagrin Higlands 2000 Auburn DrCleveland, OH 44122
    Map
    Phone: 866-626-2672
    Fund Overview 
    Category:Multisector Bond
    Fund Family:Ancora
    Net Assets:25.17M
    Year-to-Date Return:11.67%
    Yield:7.24%
    Morningstar Rating:3 stars
    Fund Inception Date:Jan 5, 2004
    Morningstar Style Box 
    Multisector Bond
    [View Category Definition]
    View Top Multisector Bond Funds
    About the Morningstar Style Box
    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 (Nov 24, 2014) : 0.05
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Dec 22, 2014) : 122.34%
    Average for Category:79.58%
    Fees & Expenses 
    ExpenseAAIIXCategory Avg
    Annual Report Expense Ratio (net):1.29%1.06%
    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/A4.13%
    Max Deferred Sales Load: N/A1.97%
    3 Yr Expense Projection*:539522
    5 Yr Expense Projection*:928850
    10 Yr Expense Projection*:2,0191,748
    * Per $10,000 invested