Ancora Income C
Ancora TrustOne Chagrin Higlands 2000 Auburn DrCleveland, OH 44122
Map
Phone: 866-626-2672
| Category: | Intermediate-Term Bond | | Fund Family: | Ancora | | Net Assets: | 24.89M | | Year-to-Date Return: | 2.47% | | Yield: | 6.64% | | Morningstar Rating: |  | | Fund Inception Date: | Jan 4, 2004 |
|
Richard A. Barone
Lead Manager since Jan 4, 2004 | | | Barone serves as chairman of Ancora Advisors LLC. From 2001 to 2003, Mr. Barone served as portfolio manager of Fifth Third Bancorpâs 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. |
| Min Initial Investment: | 5,000 | | Min Initial Investment, IRA: | 5,000 | | Min Initial Investment, AIP: | 5,000 | | Min Subsequent Investment: | 1,000 | | Min Subsequent Investment, IRA: | 1,000 | | Min Subsequent Investment, AIP: | 100 |
|
| |
| The investment seeks a high level of income with a secondary objective of capital appreciation.
The fund primarily invests at least 80% of 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. |
| Last Dividend
(Apr 25, 2013)
:
| 0.05 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 15, 2013)
:
| 116.25% | | Average for Category: | 167.72% |
|
| Expense | ANICX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 2.00% | 0.89% | | Prospectus Net Expense Ratio: | 2.40% | N/A | | Prospectus Gross Expense Ratio: | 2.40% | N/A | | Max 12b1 Fee: | 0.50% | N/A | | Max Front End Sales Load: | N/A | 4.08% | | Max Deferred Sales Load:
| N/A | 2.32% | | 3 Yr Expense Projection*: | 748 | 430 | | 5 Yr Expense Projection*: | 1,280 | 664 | | 10 Yr Expense Projection*: | 2,736 | 1,321 |
|
|
0.06%