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Ancora Income I AAIIX

Medalist Rating as of | See Ancora Investment Hub
  • NAV / 1-Day Return 7.12  /  +0.28 %
  • Total Assets 35.7 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 5.08%
  • 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.

Ancora Income I's recent fee cut is n't sufficient to overcome its decreased Process Pillar rating, resulting in a downgrade to this strategy's Morningstar Medalist Rating to Negative from Neutral.

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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 highest quintile among peers.

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Portfolio Holdings AAIIX

  • 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