Fund Evaluator:
Ancora Dividend Value Equity I (ADEIX)
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Fund Details
Ancora Dividend Value Equity I Overview
Ancora Dividend Value Equity I (ADEIX) is an actively managed U.S. Equity Large Value fund. Ancora launched the fund in 2019.
The investment seeks to provide growth of income and long-term capital appreciation. 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.
About Ancora Dividend Value Equity I (ADEIX)
There are 2 members of the management team with an average tenure of 7.24 years: David Sowerby (2019), Sonia Mintun (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Russell 1000 Value TR USD index with a weighting of 100%. Ancora Dividend Value Equity I has 30 securities in its portfolio. The top 10 holdings constitute 54.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Ancora Dividend Value Equity I is part of the Equity global asset class and is within the U.S. Equity fund group. Ancora Dividend Value Equity I has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.5%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Ancora Dividend Value Equity I has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $43 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ADEIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Ancora Dividend Value Equity I expense ratio is high compared to funds in the Large Value category. Ancora Dividend Value Equity I has an expense ratio of 1.01%, which is 9% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Ancora Dividend Value Equity I has a portfolio turnover rate of 13%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, Ancora Dividend Value Equity I returned 4.6%, which earned it a grade of A, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Ancora Dividend Value Equity I has a trailing yield of 0.95%, which is below the 1.20% category average. The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Ancora Dividend Value Equity I Grades
Year to date, the fund has returned 6.3%, 8.0 percentage points worse than the category, which translates into a grade of F. The fund has returned 9.6% over the past year (grade of F), 11.7% over the past three years (grade of F) and 8.3% per year over the past five years (grade of F).
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ADEIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ADEIX Return (NAV) | 4.6% | 4.4% | 9.6% | 11.7% | 8.3% | na |
| ADEIX Grade | A | D | F | F | F | na |
| +/- Category | 1.7% | -1.8% | -14.2% | -3.9% | -2.5% | na |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| ADEIX Tax Cost Ratio | na | na | 1.0% | 0.9% | 0.7% | na |
ADEIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ADEIX Return (NAV) | 6.3% | 7.8% | 16.4% | 13.9% | -11.4% | 27.4% | 8.9% | na | na | na | na |
| ADEIX Grade | F | F | B | B | F | B | A | na | na | na | na |
| +/- Category | -8.0% | -7.3% | 2.3% | 2.1% | -5.4% | 1.6% | 5.1% | na | na | na | na |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 10.6% |
| Total Risk Index: | 0.86 - Average |
| Category Risk Index: | 0.88 - Low |
| Category Risk Grade: | A (8% Rank) |
| Beta: | 0.71 |
| R-Squared: | 77% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | |
| Total Assets: | $43 Mil |
| Fund Total Assets: | $ 44 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 13% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.2 years | |||
| Average Tenure: 7.2 years | |||
| Managers (Year): Sowerby David (2019), Mintun Sonia (2019) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 30 |
| % in Top 10 Holdings: | 54.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 98.5% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.5% |
Purchase Information
| Fund Family: | Ancora |
| Phone Number: | 866-626-2672 |
| Website: | www.ancorafunds.com |
| Status: | Open |
| Inception Date: | May 7, 2019 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.01% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | Ancora Dividend Value Equity I |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
