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Morningstar

Ancora Income I AAIIX

Morningstar Medalist Rating
Medalist Rating as of | See Ancora Investment Hub
  • NAV / 1-Day Return 6.94  /  −0.29 %
  • Total Assets 35.2 Mil
  • Adj. Expense Ratio
    1.790%
  • Expense Ratio 1.790%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 5.06%
  • Effective Duration —

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:12 PM GMT+0

Morningstar’s Analysis AAIIX

Will AAIIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AAIIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AAIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AAIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Ancora Income I to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings AAIIX

More AAIIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Apollo Global Management Inc 7.625%

2.96 1.1 Mil
Corporate

Allstate Corp PRF PERPETUAL USD 25 - Ser J

2.87 1.0 Mil
Financial Services

Fifth Third Bancorp 8.72077%

2.35 840,158
Corporate

Citigroup Inc. 7.625%

2.20 787,497
Corporate

Cash & Cash Equivalents

1.78 636,738
Cash and Equivalents

Annaly Capital Management Inc Pfd

1.73 620,750
Real Estate

Jackson Financial Inc FXDFR PRF PERPETUAL USD 25 - Ser A

1.71 611,110
Financial Services

Oxford Lane Capital Corp PRF REDEEM 28/02/2027 USD 25 - Ser 2027

1.64 586,250
Financial Services

Scorpio Tankers Inc 7%

1.62 578,450
Corporate

Atlanticus Holdings Corp. 6.125%

1.61 574,790
Corporate