Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.
Ancora Income I AAIIX
- NAV / 1-Day Return 7.12 / +0.28 %
- Total Assets 35.7 Mil
-
Adj. Expense Ratio
- 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 5.08%
- Effective Duration —
USD | NAV as of Mar 18, 2024 | 1-Day Return as of Mar 18, 2024, 10:10 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 21.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Cash & Cash Equivalents | 3.62 | 1.3 Mil | Cash and Equivalents |
Apollo Global Management Inc 7.625% | 3.02 | 1.1 Mil | Corporate |
Allstate Corp PRF PERPETUAL USD 25 - Ser J | 2.85 | 1.0 Mil | Financial Services |
NiSource Inc Pfd | 2.40 | 873,600 | Utilities |
Fifth Third Bancorp 8.75854% | 2.25 | 818,883 | Corporate |
Citigroup Inc. 7.625% | 2.10 | 764,665 | Corporate |
Carlyle Finance LLC 4.625% | 1.98 | 720,650 | Corporate |
Annaly Capital Management Inc Pfd | 1.67 | 607,250 | Real Estate |
Atlanticus Holdings Corp. 6.125% | 1.61 | 583,575 | Corporate |
Jackson Financial Inc FXDFR PRF PERPETUAL USD 25 - Ser A | 1.60 | 580,520 | Financial Services |