ANISX — Ancora Income Fund
Data updated: 2026-08-28
ANISX — Ancora Income Fund. United States Large Cap Value Equity · $50.03M AUM · 0.86% expense ratio. Holdings, fees, performance and SEC filings.
ANISX Fund Overview
ANISX — Ancora Income Fund is a US mutual fund managed by Ancora Trust, categorised as United States Large 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 Large Cap Value Equity
- Assets under management: $50.03M
- Ticker: ANISX
- SEC CIK: 0001260667
- SEC series ID: S000004758
- Share class ID: C000144721
ANISX Investment Objective and Strategy
Ancora Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ancora Trust.
Investment objective
Ancora Income Fund (the Fund) has an investment objective of obtaining a high level of income, with a secondary objective of capital appreciation in the value of its shares.
Principal investment strategy
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 (also known as closed-end funds) and shares of exchange-traded funds (ETFs) having portfolios consisting primarily of income-producing securities). Under normal circumstances, at least 80% of the assets of the Fund will be invested in income-producing securities. Certain of the debt securities and preferred stocks in which the Fund invests may be convertible into common shares (convertible securities). In addition, certain of the debt securities in which the Fund invests are bonds the issuers of which are real estate investment trusts and business development companies.
The Fund will pursue its capital appreciation objective by investing 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. The Fund will alter the composition of its portfolio as economic and market trends change. The Advisor will increase its investment in short-term debt securities during periods when it believes interest rates will rise and will increase its investment in long-term debt securities when it believes interest rates will decline. The Fund may invest in debt securities of any maturity, but average maturity generally will not exceed 15 years.
In selecting corporate debt securities for the Fund, the Advisor intends to invest principally in securities rated BBB or better by Standard & Poors Corporation rating service, but may invest in securities rated as low as BB, B, CCC or CC or unrated securities when these investments are believed by the Advisor to be sound. The Fund will not invest more than 20% of its portfolio in (i) securities rated BB or lower by Standard & Poors Corporation and/or (ii) unrated securities which, in the opinion of the Advisor, are of quality comparable to those rated BB or lower. Securities rated lower than BBB by Standard & Poors, sometimes referred to as junk bonds, are usually considered lower-rated securities and have speculative characteristics. Please refer to Appendix A of this Prospectus for a description of these ratings.
In selecting closed-end funds for the Fund, the Advisor will invest in closed-end funds which, in choosing corporate debt securities in which they invest, adhere to ratings criteria no less strict than those followed by the Fund in selecting its direct investments that incorporate debt securities. Such closed-end funds may invest in debt securities of United States or foreign issuers.
ANISX Holdings
Top 10 holdings of Ancora Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Texas Capital Bancshares, Inc. | 3.27% |
| Merchants Bancorp | 2.44% |
| Synchrony Financial | 2.41% |
| TPG Operating Group II, LP | 2.34% |
| Brookfield Infrastructure Finance ULC | 2.16% |
| Federated Hermes Government Obligations Fund - Institutional Class | 2.08% |
| The Carlyle Group, Inc. | 1.96% |
| Rithm Capital Corp. | 1.95% |
| United Parcel Service, Inc. | 1.72% |
| Fifth Third Bancorp | 1.70% |
ANISX Portfolio Allocation
Asset-class allocation of Ancora Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 88.5% |
| Fixed Income | 9.3% |
| Cash & Equivalents | 2.1% |
ANISX Performance
Total returns for ANISX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.5% |
| 1 year | 5.4% |
| 3 years (annualised) | 7.0% |
| 5 years (annualised) | 2.3% |
ANISX Risk Information
Risk metrics for ANISX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.9%
ANISX Costs and Fees
ANISX costs about $86 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.86%
- Gross expense ratio: 0.86%
- Portfolio turnover: 32%
- Brokerage commissions: 2.23 bps of average net assets (SEC N-CEN)
ANISX Cashflows
Over the 12 months to 2026-06, Ancora Income Fund had net inflows of $6.25M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$233.66K |
| 2026-05 | −$239.03K |
| 2026-04 | $990.14K |
| 2026-03 | $14.41K |
| 2026-02 | $593.29K |
| 2026-01 | −$288.52K |
ANISX Debt Constituents
Largest debt holdings of Ancora Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Fifth Third Bancorp | 1.70% |
| Citigroup, Inc. | 1.56% |
| The Bank of Nova Scotia | 1.04% |
| The Toronto Dominion Bank | 1.03% |
| Pacificorp | 0.99% |
| Energy Transfer Operating LP | 0.72% |
| The Allstate Corp. | 0.70% |
| Dominion Energy, Inc. | 0.52% |
| Corebridge Financial, Inc. | 0.52% |
| Citigroup, Inc. | 0.48% |
ANISX Prospectus and SEC Filings
Official Ancora Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-06-01
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-03-05
- Annual census (N-CEN) — filed 2025-03-10
Related Funds
Other United States Large 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.