ANCSX — Ancora Microcap Fund
Data updated: 2026-03-05
ANCSX — Ancora Microcap Fund. United States Small Cap Value Equity · $17.54M AUM · 1.54% expense ratio. Holdings, fees, performance and SEC filings.
ANCSX Fund Overview
ANCSX — Ancora Microcap Fund is a US mutual fund managed by Ancora Trust, categorised as United States Small Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ancora Trust
- Category: United States Small Cap Value Equity
- Assets under management: $17.54M
- Ticker: ANCSX
- SEC CIK: 0001260667
- SEC series ID: S000023080
- Share class ID: C000144724
ANCSX Investment Objective and Strategy
Ancora Microcap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ancora Trust.
Investment objective
The investment objective of Ancora MicroCap Fund (the Fund) is to obtain capital appreciation.
Principal investment strategy
Under normal circumstances, at least 80% of the assets of the Fund will be invested in equity securities of companies whose equity securities have a total market value of under $500,000,000. Equity securities consist of common stock, preferred stock and securities convertible into common or preferred stock. The Fund emphasizes a value style of investing. In deciding which securities to buy and which to sell, the Advisor will give primary consideration to fundamental factors. For example, securities having relatively low ratios of share price to book value, net asset value, earnings and cash flow will generally be considered attractive investments. Additionally, the Advisor will give secondary consideration to insider transactions and the growth of earnings. As a result of its focus on small companies and its intent to take short-term positions in certain equity securities, this Fund may be considered to be more aggressive than other mutual funds having a value style of investing.
ANCSX Holdings
Top 10 holdings of Ancora Microcap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Federated Hermes Government Obligations Fund - Institutional Class | 11.72% |
| Aviat Networks, Inc. | 4.22% |
| Crawford and Co. | 3.95% |
| Pason Systems, Inc. | 3.66% |
| Natures Sunshine Products, Inc. | 3.63% |
| American Coastal Insurance Corp. | 3.08% |
| Genco Shipping & Trading Ltd. | 2.99% |
| Newtek Business Services Corp. | 2.98% |
| Masterbrand, Inc. | 2.67% |
| Perma-Fix Environmental Services, Inc. | 2.65% |
ANCSX Portfolio Allocation
Asset-class allocation of Ancora Microcap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 88.3% |
| Cash & Equivalents | 11.7% |
ANCSX Performance
Total returns for ANCSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -2.3% |
| 3 years (annualised) | 8.1% |
| 5 years (annualised) | 9.8% |
ANCSX Risk Information
Risk metrics for ANCSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.0%
ANCSX Costs and Fees
ANCSX costs about $154 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.54%
- Gross expense ratio: 2.30%
- Portfolio turnover: 29%
- Brokerage commissions: 7.72 bps of average net assets (SEC N-CEN)
ANCSX Cashflows
Over the 12 months to 2025-12, Ancora Microcap Fund had net outflows of $361.56K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-12 | $469.56K |
| 2025-11 | −$498.77K |
| 2025-10 | −$241.58K |
| 2025-09 | $66.93K |
| 2025-08 | −$60.11K |
| 2025-07 | −$192.96K |
ANCSX Debt Constituents
No individual debt constituents are reported in Ancora Microcap Fund's latest SEC N-PORT filing.
ANCSX Prospectus and SEC Filings
Official Ancora Microcap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-29
- Prospectus (485BPOS) — filed 2023-04-28
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Portfolio holdings (N-PORT) — filed 2025-11-28
- Portfolio holdings (N-PORT) — filed 2025-08-20
- Annual census (N-CEN) — filed 2026-03-05
- Annual census (N-CEN) — filed 2025-03-10
Related Funds
Other United States Small Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.