Ancora Income Fund (AAIIX)
The fund pursues its income objective by investing primarily in income-producing securities (such as debt securities, preferred stocks, high dividend-bearing common shares, 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 Info
| ISIN | US03332V8155 |
|---|---|
| CUSIP | 03332V815 |
| Issuer | Ancora |
| Inception Date | Jan 5, 2004 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
AAIIX has a high expense ratio of 2.20%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: AAIIX vs. LCTRX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Ancora Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Ancora Income Fund had a return of 12.25% year-to-date (YTD) and 19.10% in the last 12 months. Over the past 10 years, Ancora Income Fund had an annualized return of 3.86%, while the S&P 500 had an annualized return of 11.41%, indicating that Ancora Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.25% | 25.70% |
| 1 month | 0.81% | 3.51% |
| 6 months | 8.18% | 14.80% |
| 1 year | 19.10% | 37.91% |
| 5 years (annualized) | 3.68% | 14.18% |
| 10 years (annualized) | 3.86% | 11.41% |
Monthly Returns
The table below presents the monthly returns of AAIIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.31% | 0.85% | 0.85% | -1.55% | 2.30% | 0.42% | 1.13% | 1.82% | 2.62% | -0.14% | 12.25% | ||
| 2023 | 9.34% | -1.10% | -6.31% | 1.81% | -1.78% | 2.13% | 1.65% | -0.29% | -0.59% | -3.31% | 5.63% | 3.27% | 9.96% |
| 2022 | -2.48% | -2.42% | 0.66% | -3.66% | 1.37% | -4.32% | 4.54% | -2.18% | -4.19% | -2.48% | 4.07% | -2.91% | -13.58% |
| 2021 | 0.00% | 0.39% | 2.21% | 1.66% | 1.13% | 1.12% | 0.25% | 0.62% | 0.00% | 0.99% | -1.85% | 2.40% | 9.22% |
| 2020 | 0.58% | -1.94% | -13.98% | 7.16% | 1.78% | 0.36% | 2.17% | 2.40% | -0.13% | 0.00% | 3.37% | 1.84% | 2.15% |
| 2019 | 4.40% | 0.47% | 1.24% | 0.72% | 0.72% | 0.97% | 0.71% | 0.33% | 0.84% | 0.20% | 0.08% | 0.46% | 11.63% |
| 2018 | -1.59% | -0.25% | 0.13% | -0.38% | 0.63% | 0.00% | 0.25% | 0.51% | -0.76% | -1.56% | -1.20% | -0.92% | -5.06% |
| 2017 | 1.76% | 1.13% | 0.28% | 0.76% | 0.16% | 0.64% | 0.52% | -0.08% | 0.52% | -0.08% | -0.45% | 0.12% | 5.38% |
| 2016 | -0.75% | 0.10% | 3.42% | 1.25% | 1.00% | 1.96% | 1.70% | 0.85% | -0.20% | -0.79% | -3.06% | 0.78% | 6.29% |
| 2015 | 1.16% | 0.68% | 0.45% | 0.80% | -0.38% | -0.86% | 0.09% | -1.12% | -0.03% | 2.45% | -0.51% | 0.43% | 3.16% |
| 2014 | 2.50% | 2.70% | 1.34% | 2.04% | 0.96% | 0.50% | -0.20% | 0.97% | -0.95% | 0.92% | 0.44% | -0.02% | 11.69% |
| 2013 | 0.81% | 0.70% | 1.03% | 0.69% | -0.97% | -2.20% | -1.47% | -1.97% | 0.40% | 1.00% | -0.45% | -0.21% | -2.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of AAIIX is 89, placing it in the top 11% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Ancora Income Fund (AAIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Ancora Income Fund provided a 4.83% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $0.36 | $0.36 | $0.33 | $0.35 | $0.37 | $0.37 | $0.53 | $0.55 | $0.61 | $0.63 |
Dividend yield | 4.83% | 5.20% | 5.42% | 4.46% | 4.24% | 4.44% | 4.93% | 4.55% | 6.47% | 6.72% | 7.23% | 7.76% |
Monthly Dividends
The table displays the monthly dividend distributions for Ancora Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.30 | |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2017 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.37 |
| 2016 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 |
| 2015 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.03 | $0.55 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.61 |
| 2013 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.63 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Ancora Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Ancora Income Fund was 35.51%, occurring on Mar 9, 2009. Recovery took 192 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.51% | Feb 22, 2007 | 513 | Mar 9, 2009 | 192 | Dec 9, 2009 | 705 |
| -27.36% | Feb 24, 2020 | 18 | Mar 18, 2020 | 182 | Dec 4, 2020 | 200 |
| -16.02% | Jan 4, 2022 | 203 | Oct 24, 2022 | 403 | Jun 3, 2024 | 606 |
| -9.1% | May 13, 2013 | 69 | Aug 19, 2013 | 158 | Apr 4, 2014 | 227 |
| -6.96% | Oct 24, 2017 | 294 | Dec 24, 2018 | 59 | Mar 21, 2019 | 353 |
Volatility
Volatility Chart
The current Ancora Income Fund volatility is 1.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.