ADEIX: AllianceBern International Discv Eq I

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ADEIX AllianceBern International Discv Eq I


Profile

ADEIX - Profile

Vitals

  • YTD Return -3.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $25.4 M
  • Holdings in Top 10 39.8%

52 WEEK LOW AND HIGH

$10.77
$7.46
$11.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.40%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 12.54%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $5,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -3.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.56%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Ancora Dividend Value Equity Fund
  • Fund Family Name
    Ancora
  • Inception Date
    May 09, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Sowerby

Fund Description

Under normal circumstances, at least 80% of the assets of the fund will be invested in dividend paying equity securities with attractive dividend growth potential that are selling at discounted valuations at the time of purchase. It will invest predominantly in equity securities of large companies. The Advisor may select companies not domiciled in the U.S. by investing in ADRs limited to 25% of the fund.


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Categories

Performance

ADEIX - Performance

Return Ranking - Trailing

Period ADEIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -23.8% 11.6% 60.00%
1 Yr 2.6% -22.2% 23.2% 40.00%
3 Yr N/A* -7.7% -1.9% N/A
5 Yr N/A* -11.2% -4.6% N/A
10 Yr N/A* -5.2% -0.4% N/A

* Annualized

Return Ranking - Calendar

Period ADEIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -0.1% 31.0% N/A
2018 N/A -28.4% -18.0% N/A
2017 N/A -7.2% -0.5% N/A
2016 N/A 4.1% 17.3% N/A
2015 N/A -47.3% -21.6% N/A

Total Return Ranking - Trailing

Period ADEIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -23.8% 11.6% 60.00%
1 Yr 2.6% -22.2% 23.2% 40.00%
3 Yr N/A* -7.7% -1.4% N/A
5 Yr N/A* -4.6% 0.0% N/A
10 Yr N/A* -0.4% 3.4% N/A

* Annualized

Total Return Ranking - Calendar

Period ADEIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -0.1% 31.0% N/A
2018 N/A -28.4% -18.0% N/A
2017 N/A -5.9% -0.5% N/A
2016 N/A 4.1% 25.6% N/A
2015 N/A -21.6% -12.2% N/A

NAV & Total Return History


Holdings

ADEIX - Holdings

Concentration Analysis

ADEIX Category Low Category High ADEIX % Rank
Net Assets 25.4 M 1.06 M 1.06 B 60.00%
Number of Holdings 33 12 76 60.00%
Net Assets in Top 10 9.02 M 405 K 730 M 60.00%
Weighting of Top 10 39.82% 34.8% 77.7% 80.00%

Top 10 Holdings

  1. Apple Inc 4.83%
  2. Microsoft Corp 4.38%
  3. Bank of America Corp 4.03%
  4. The Home Depot Inc 4.03%
  5. Nestle SA ADR 4.01%
  6. Amgen Inc 3.98%
  7. Honeywell International Inc 3.89%
  8. Johnson & Johnson 3.66%
  9. JPMorgan Chase & Co 3.63%
  10. McDonald's Corp 3.36%

Asset Allocation

Weighting Return Low Return High ADEIX % Rank
Stocks
94.19% 51.37% 94.19% 20.00%
Cash
5.81% 0.13% 22.37% 60.00%
Preferred Stocks
0.00% 0.00% 19.30% 100.00%
Other
0.00% 0.00% 26.80% 80.00%
Convertible Bonds
0.00% 0.00% 1.03% 80.00%
Bonds
0.00% 0.00% 9.36% 80.00%

Stock Sector Breakdown

Weighting Return Low Return High ADEIX % Rank
Technology
19.60% 0.00% 54.02% 60.00%
Healthcare
18.51% 0.00% 24.43% 60.00%
Financial Services
16.37% 5.54% 16.37% 20.00%
Consumer Defense
10.89% 0.00% 14.21% 40.00%
Industrials
10.10% 0.00% 13.26% 40.00%
Consumer Cyclical
10.10% 0.00% 10.10% 20.00%
Communication Services
6.49% 0.00% 6.64% 40.00%
Energy
3.28% 0.00% 17.28% 60.00%
Real Estate
2.57% 0.03% 88.59% 60.00%
Basic Materials
2.09% 0.07% 9.56% 60.00%
Utilities
0.00% 0.00% 12.61% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High ADEIX % Rank
US
88.31% 26.40% 88.31% 20.00%
Non US
5.88% 0.96% 25.39% 60.00%

Expenses

ADEIX - Expenses

Operational Fees

ADEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.40% 1.00% 4.76% 80.00%
Management Fee 0.75% 0.00% 1.50% 33.33%
12b-1 Fee 0.00% 0.00% 0.00% 100.00%
Administrative Fee 0.10% 0.10% 0.45% 50.00%

Sales Fees

ADEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

ADEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 75.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ADEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.54% 8.04% 36.00% 60.00%

Distributions

ADEIX - Distributions

Dividend Yield Analysis

ADEIX Category Low Category High ADEIX % Rank
Dividend Yield 0.82% 0.00% 0.82% 16.67%

Dividend Distribution Analysis

ADEIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

ADEIX Category Low Category High ADEIX % Rank
Net Income Ratio 1.56% -1.51% 4.11% 60.00%

Capital Gain Distribution Analysis

ADEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ADEIX - Fund Manager Analysis

Managers

David Sowerby


Start Date

Tenure

Tenure Rank

May 07, 2019

1.32

1.3%

Mr. Sowerby is a portfolio manager for multiple investment strategies at Ancora. Prior to joining Ancora, David was most recently a Portfolio Manager at Loomis, Sayles & Company, where he worked since 1998 and held multiple senior positions. At Loomis, David worked directly with institutional clients on asset allocation strategies and multi-product accounts. Earlier in his career he was a Senior Portfolio Manager for Beacon Investment Management Company. David began his industry career in 1986 providing investment strategy as an Economist for Comerica Bank.

Sonia Mintun


Start Date

Tenure

Tenure Rank

May 07, 2019

1.32

1.3%

Sonia Mintun, CFA joined Ancora in 2008 as a Portfolio Manager. She manages individual and institutional accounts and is responsible for the firm’s High Dividend Equity strategy. She also provides research on large cap value and family wealth strategies. Sonia began her career in 1983 with Bernstein-Macaulay in New York City as an Assistant Vice President and Portfolio Manager. During her six years there, Sonia managed their high-grade and high-yield fixed income products, as well as a $200+ million closed-end mutual bond fund. Sonia also worked as a Portfolio Manager and Head Trader for Westinghouse Credit Corp. where she raised over $200 million through a collateralized debt obligation. She held the position of Portfolio Manager and Analyst for Proper Analysis Corp., followed by her time at First Fiduciary Investment Counsel as Chief Compliance Officer, Vice President and Portfolio Manager. Sonia earned a Bachelor of Science degree with dual majors in Accounting & Finance from Lehigh University. She also holds the CFA designation and is a member of the CFA Society of Cleveland. Sonia has served on the Board of Trustees for the Lehigh University Alumni Association, as the President of the Northern Ohio Lehigh Alumni Association, and on the Leadership Committee at Hawken School. She was previously a writer for Street Insights, a subsidiary of theStreet.com. In 2015, Sonia was a recipient of Crain’s Cleveland Business Women of Note award, and in 2017 she received Crain’s Influential Women in Finance award. In addition, Sonia was appointed to the board of Cecil Bancorp in 2017.

Tom Kennedy


Start Date

Tenure

Tenure Rank

May 07, 2019

1.32

1.3%

Tom Kennedy joined the firm in 2007 as a Senior Portfolio Manager. Tom took on the role as co-portfolio manager for the High Dividend Equity strategy in 2016. He also manages customized portfolios for family wealth clients, corporations and not-for-profit organizations. He is a member of both the Ancora Inverness Investment Committee and the Model Portfolio Investment Committee. Mr. Kennedy began his career in 1996 at an estate planning firm and has vast investment experience focusing on strategic portfolio management and sophisticated wealth planning. His prior roles include financial advisor, registered principal and Certified Financial Manager at Merrill Lynch’s Private Client Group, COO & portfolio manager at Independent Advisors. Tom earned a Bachelor of Science in Business Administration degree in Finance and a Master of Business Administration in Finance degree from John Carroll University. Tom is a FINRA licensed registered representative. He is a level II CFA candidate. Tom is a member of CFA Institute & CFA Society of Cleveland. He is a Member of the Board of Directors of Veggie U and Circuit Technologies.

Tenure Analysis

Category Low Category High Category Average Category Mode
1.25 20.69 8.12 16.53