# EDGAR Filing Document

**Accession Number:** 0001260667
**File Stem:** 0001162044-25-000843
**Filing Date:** 2025-8
**Character Count:** 37911
**Document Hash:** 58e65f33d5aaf5151b25a7cbea21ec45
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-25-000843.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001162044-25-000843

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ANCORA TRUST
- **CENTRAL INDEX KEY:** 0001260667

**ORGANIZATION NAME:**
- **EIN:** 020712385
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21418
- **FILM NUMBER:** 251235996

**BUSINESS ADDRESS:**
- **STREET 1:** 6060 PARKLAND BOULEVARD, SUITE 200
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44124
- **BUSINESS PHONE:** 216-825-4000

**MAIL ADDRESS:**
- **STREET 1:** 6060 PARKLAND BOULEVARD, SUITE 200
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44124

## Series and Classes Contracts Data

### Ancora Income Fund (Series ID: S000004758)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000012949 | Class I      | AAIIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ANCORA TRUST

- **b. Investment Company Act file number:** 811-21418

- **c. CIK number of Registrant:** 0001260667

- **d. LEI of Registrant:** 549300QN8N2QFNY1O803

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 6060 Parkland Boulevard

  - **City:** Cleveland

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44124

  - **Telephone number:** 216-593-5020

**Item A.2. Information about the Series.**

- **a. Name of Series:** Ancora Income Fund

- **b. EDGAR series identifier (if any):** S000004758

- **c. LEI of Series:** 54930001436ZA2EMS338

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $44224363.51

**Total Liabilities:** $38596.11

**Net Assets:** $44185767.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012949 | -1.27%               | 0.00%                | 1.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-17743.55               | $-695443.60                                |
| Month 2  | $-180778.30              | $-64181.40                                 |
| Month 3  | $57812.07                | $376325.88                                 |

### Schedule of Portfolio Investments

| Name                                                               | Title                                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGNC Investment Corp.                                              | AGNC Investment Corp., 6.125%, PERP 09/14/2025                       | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     20000 | NS      | $502200.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp.                                              | AGNC Investment Corp., 6.875%, PERP 09/14/2025                       | CUSIP: 00123Q609<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     23000 | NS      | $571550.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                                    | Affiliated Managers Group, 4.200%, 09/30/2061                        | CUSIP: 008252835<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |      7190 | NS      | $108569.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                                    | Affiliated Managers Group, Inc.  6.750%, due 3/30/2029               | CUSIP: 008252827<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     26000 | NS      | $604760.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                                    | Affiliated Managers Group, Inc., 4.750%, due 09/30/2060              | CUSIP: 008252843<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     25000 | NS      | $423250.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                                    | Affiliated Managers Group, Inc., 5.875%, due 03/30/2059              | CUSIP: 008252850<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |      8310 | NS      | $168942.30    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliancebernstein Holding LP                                       | AllianceBernstein Holding LP                                         | CUSIP: 01881G106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4200 | NS      | $171486.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.                                     | American Financial Group, Inc., 4.500% Due 9/15/2060                 | CUSIP: 025932864<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     25000 | NS      | $424500.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.                                     | American Financial Group, Inc., 5.125%, due 12/15/2059               | CUSIP: 025932880<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15000 | NS      | $285000.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.                                     | American Financial Group, Inc., 5.625%, due 6/01/2060                | CUSIP: 025932872<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        91 | NS      | $1879.15      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management, Inc.                                    | Annaly Capital Management, Inc., 6.750%, PERP 09/14/2025             | CUSIP: 035710847<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15000 | NS      | $377850.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management, Inc.                                     | Apollo Global Management, Inc., 7.625%, due 09/15/2053               | CUSIP: 03769M205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     40000 | NS      | $1041200.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust, Inc.                                           | Arbor Realty Trust, Inc., 6.375%, due 06/02/2026                     | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     35000 | NS      | $598150.00    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd.                                      | Aspen Insurance Holdings Ltd., 5.625%, due 01/01/2027                | CUSIP: G05384162<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     18000 | NS      | $353700.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd.                                      | Aspen Insurance Holdings Ltd., 5.625%, PERP 09/14/2025               | CUSIP: G05384204<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     25998 | NS      | $521519.88    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd.                                      | Aspen Insurance Holdings Ltd., 7.000%, due 11/30/2029                | CUSIP: G05384170<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     23123 | NS      | $548015.10    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant, Inc.                                                     | Assurant, Inc., 5.250%, 01/15/2026                                   | CUSIP: 04621X306<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     30000 | NS      | $643500.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd.                                                | Athene Holding Ltd., 4.875%, due 12/30/2025                          | CUSIP: 04686J408<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15000 | NS      | $256500.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd.                                                | Athene Holding Ltd., 5.625%, PERP 09/14/2025                         | CUSIP: 04686J200<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |     40240 | NS      | $803190.40    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd.                                                | Athene Holding Ltd., 6.350%, due 6/30/2029                           | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     20000 | NS      | $483400.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd.                                                | Athene Holding Ltd., 7.250%, due 3/30/2064                           | CUSIP: 04686J838<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      4337 | NS      | $107991.30    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanticus Holdings Corp.                                          | Atlanticus Holdings Corp., 6.125%, due 11/30/2026                    | CUSIP: 04914Y300<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     30100 | NS      | $723002.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanticus Holdings Corp.                                          | Atlanticus Holdings Corp., 9.250%, due 1/31/2029                     | CUSIP: 04914Y409<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     22500 | NS      | $562500.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanticus Holdings Corp.                                          | Atlanticus Holdings Corp.,7.625%, 06/11/2026                         | CUSIP: 04914Y201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     10000 | NS      | $220500.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd.                                         | Axis Capital Holdings Ltd., 5.500%, due 12/31/2049                   | CUSIP: 05461T305<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     25000 | NS      | $496000.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial, Inc.                                        | Brighthouse Financial, Inc., 5.375%, due 11/25/2025                  | CUSIP: 10922N707<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |     10000 | NS      | $147900.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Finance ULC                              | Brookfield Infrastructure Finance ULC, 7.250%, due 5/31/2084         | CUSIP: 11276B208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     43324 | NS      | $968724.64    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners LP                              | Brookfield Infrastructure Partners LP, 5.125%, due 10/15/2025        | CUSIP: G16252267<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EP               | CORP              | BM        |     10000 | NS      | $167300.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Capital Group, LLC                                         | Brookfield Oaktree Holdings, LLC, 6.550%, PERP 09/14/2025            | CUSIP: 674001409<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | CA        |     11000 | NS      | $240020.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp.                                                    | Brunswick Corp., 6.375%, due 4/15/2049                               | CUSIP: 117043604<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15000 | NS      | $362400.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp.                                                    | Brunswick Corp., 6.500%, due 10/15/2028                              | CUSIP: 117043406<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EP               | CORP              | US        |     20000 | NS      | $487800.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Carlyle Group, Inc.                                            | Carlyle Finance LLC., 4.625%, due 05/15/2061                         | CUSIP: 14314C105<br>LEI: 529900NGGVF94UK6PG95 | Long             | EP               | CORP              | US        |     44606 | NS      | $747150.50    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                                                    | Citigroup, Inc., 7.125%, due 8/15/2029                               | CUSIP: 172967PK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    236000 | PA      | $243248.98    | 0.55%             | 2029-08-15      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                    | Citigroup, Inc., 7.625%, due 11/15/2028                              | CUSIP: 172967PE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $789360.00    | 1.79%             | 2028-11-15      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                                     | Citizens Financial Group, Inc., 7.375, due 7/06/2029                 | CUSIP: 174610600<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     30000 | NS      | $778200.00    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial, Inc.                                         | Corebridge Financial, Inc., 6.375%, due 12/15/2064                   | CUSIP: 21871X208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15000 | NS      | $345000.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                              | Dominion Energy, Inc., 6.625%, due 2/15/2035                         | CUSIP: 25746UDV8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $253722.00    | 0.57%             | 2050-12-31      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| Energy Transfer Operating LP                                       | Energy Transfer LP, 7.125%, due 5/15/2030                            | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356497.40    | 0.81%             | 2030-05-15      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Enterprise Financial Services Corp.                                | Enterprise Financial Services Corp., 5.000%, due 12/15/2026          | CUSIP: 293712303<br>LEI: 5493001XTU5DLD632129 | Long             | EP               | CORP              | US        |     25000 | NS      | $492500.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P.                                  | Enterprise Products Partners LP                                      | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     13000 | NS      | $403130.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life, Inc.                                         | F&G Annuities & Life, Inc., 7.300%, due 1/15/2065                    | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20000 | NS      | $487200.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life, Inc.                                         | F&G Annuities & Life, Inc., 7.950%, due 12/15/2053                   | CUSIP: 30190A203<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     14109 | NS      | $363730.02    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp.                                | Federal Agricultural Mortgage Corp., 5.250%, due 10/17/2025          | CUSIP: 313148843<br>LEI: 549300MS654K78GYF580 | Long             | EP               | CORP              | US        |     39411 | NS      | $775608.48    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp.                                | Federal Agricultural Mortgage Corp., 5.750%, due 07/17/2025          | CUSIP: 313148850<br>LEI: 549300MS654K78GYF580 | Long             | EP               | CORP              | US        |     25000 | NS      | $539237.50    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Government Obligations Fund - Institutional Class | Federated Hermes Government Obligations Fund - Institutional Class   | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   3853353 | NS      | $3853352.63   | 8.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                                | Fifth Third Bancorp, 7.99428%, PERP 09/14/2025                       | CUSIP: 316773CR9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    850000 | PA      | $849365.65    | 1.92%             | 2025-09-30      | Fixed         | 7.99%                 | No            |                  2 | On Loan: No      |
| First-Citizens Bank & Trust Co.                                    | First Citizens Bancshares, Inc., 5.625%, due 01/04/2027              | CUSIP: 31959X202<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     17500 | NS      | $402150.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease, Inc.                                             | Global Net Lease, Inc., 6.875%,  PERP 09/14/2025                     | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     25000 | NS      | $523250.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life, Inc.                                                   | Globe Life, Inc., 4.250%, due 06/15/2061                             | CUSIP: 37959E300<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EP               | CORP              | US        |     35000 | NS      | $563500.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners, Inc.                                         | Green Brick Partners, Inc., 5.750%, due 12/23/2026                   | CUSIP: 392709200<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EP               | CORP              | US        |     22500 | NS      | $529875.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares, Inc.                                        | Huntington Bancshares, Inc., 6.875%, due 04/15/2028                  | CUSIP: 446150773<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |     17550 | NS      | $433660.50    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial, Inc.                                            | Jackson Financial Inc., 8.000%, due 03/30/2028                       | CUSIP: 46817M206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     23000 | NS      | $582360.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Keycorp                                                            | KeyCorp, 5.650%, PERP 09/15/2025                                     | CUSIP: 493267876<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20000 | NS      | $423000.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Keycorp                                                            | KeyCorp, 6.200%, due 12/15/2027                                      | CUSIP: 493267843<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     25000 | NS      | $604750.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyondellbasell Industries N.V.                                     | LyondellBasell Industries N.V.                                       | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     10000 | NS      | $578600.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp.                                                     | M&T Bank Corp., 7.500%, due 6/15/2029                                | CUSIP: 55261F864<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20000 | NS      | $524000.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA Financial, Inc.                                                | MFA Financial, Inc., 8.875%, due 2/15/2029                           | CUSIP: 55272X706<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     10000 | NS      | $248500.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp                                                  | Merchants Bancorp, 7.625%, due 1/01/2030                             | CUSIP: 58844R850<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20000 | NS      | $460000.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| OFS Credit Co.                                                     | OFS Credit Co., 6.125%, due 04/30/2026                               | CUSIP: 67111Q305<br>LEI: 549300T3DWVI18ZWUJ64 | Long             | EP               | CORP              | US        |     20920 | NS      | $519797.15    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Capital Group LLC                                          | Oaktree Capital Group LLC, 6.625%, PERP 09/14/2025                   | CUSIP: 674001300<br>LEI: 254900T1ODNFOK2L6090 | Long             | EC               | CORP              | US        |     20000 | NS      | $459800.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                                            | Pebblebrook Hotel Trust, 6.300%, PERP 09/14/2025                     | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     25000 | NS      | $438750.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust                                 | PennyMac Mortgage Investment Trust, 6.750%, due 08/24/2026           | CUSIP: 70931T509<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     23000 | NS      | $428950.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                                                       | Pfizer, Inc.                                                         | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     20000 | NS      | $484800.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ready Capital Corp.                                                | Ready Capital Corp., 6.500%, due 06/30/2026                          | CUSIP: 75574U887<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |     14921 | NS      | $222322.90    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust, Inc.                                                | Redwood Trust, Inc., 10.00%, Cumulative Perp Call 04/15/2028 @ 25.00 | CUSIP: 758075808<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     30000 | NS      | $759300.00    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust, Inc.                                                | Redwood Trust, Inc., 9.000%, 09/01/2029                              | CUSIP: 758075873<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15000 | NS      | $368250.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust, Inc.                                                | Redwood Trust, Inc., 9.125%, due 3/01/2030                           | CUSIP: 758075865<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     10000 | NS      | $241000.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp.                                            | Regions Financial Corp., 6.950%, due 9/15/2029                       | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     20000 | NS      | $497000.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.                                      | Reinsurance Group of America, Inc., 7.125%, due 10/15/2027           | CUSIP: 759351885<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     10000 | NS      | $254400.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holding Ltd.                                         | RenaissanceRe Holding Ltd., 4.200%, due 7/15/2026                    | CUSIP: G7498P127<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     30000 | NS      | $466500.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| New Residential Investment Corp.                                   | Rithm Capital Corp., 11.0197%, PERP 09/14/2025                       | CUSIP: 64828T409<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     16227 | NS      | $408920.40    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp.                                                | Rithm Capital Corp., 7.000%, due 11/15/2026                          | CUSIP: 64828T706<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15000 | NS      | $359100.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Partners Holdings LP                                         | Steel Partners Holding LP., 6.000%, due 02/07/2026                   | CUSIP: 85814R206<br>LEI: 5493009U8Z59G5SIZ389 | Long             | EP               | CORP              | US        |     20000 | NS      | $488800.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp.                                             | Stifel Financial Corp., 4.500%, due 08/15/2026                       | CUSIP: 860630862<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     30000 | NS      | $507900.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties, Inc.                                      | Summit Hotel Properties, Inc., 6.250%, PERP 09/14/2025               | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |     20000 | NS      | $352800.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                                | Synchrony Financial, 5.625%, due 11/15/2025                          | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |     65000 | NS      | $1196000.00   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financials                                               | Synchrony Financials, 8.250%, due 5/15/2029                          | CUSIP: 87165B400<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |     22500 | NS      | $558900.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Operating Group II, LP                                         | TPG Operating Group II, LP, 6.950, due 3/15/2064                     | CUSIP: 872652102<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20000 | NS      | $504600.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                                     | Texas Capital Bancshares, Inc., 5.750%, due 6/15/2026                | CUSIP: 88224Q305<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     25000 | NS      | $531250.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corp.                                                 | The Allstate Corp., 8.5066%, due 08/15/2053                          | CUSIP: 020002BB6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    350000 | PA      | $350146.30    | 0.79%             | 2050-12-31      | Variable      | 8.51%                 | No            |                  2 | On Loan: No      |
| The Bank Of Nova Scotia                                            | The Bank of Nova Scotia, 8.625%, due 10/27/2027                      | CUSIP: 0641598S8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $530662.50    | 1.20%             | 2050-12-31      | Variable      | 8.63%                 | No            |                  2 | On Loan: No      |
| The Goldman Sachs Group, Inc.                                      | The Goldman Sachs Group, Inc., 7.500%, due 02/10/2029                | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $530618.00    | 1.20%             | 2029-02-10      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| The Toronto Dominion Bank                                          | The Toronto Dominion Bank, 8.125%, due 10/31/2027                    | CUSIP: 89117F8Z5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $522203.50    | 1.18%             | 2050-12-31      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| UMH Properties, Inc.                                               | UMH Properties, Inc., 6.375%, Series D                               | CUSIP: 903002509<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EP               | CORP              | US        |     18000 | NS      | $392220.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| USB Capital IX                                                     | USB Float, 5.93751%,  due 4/15/2025                                  | CUSIP: 91731KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $207237.96    | 0.47%             | 2025-07-15      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                        | United Parcel Service, Inc.                                          | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      4500 | NS      | $454230.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                                                  | Wells Fargo & Co., 6.850%, due 09/15/2029                            | CUSIP: 95002YAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $262274.65    | 0.59%             | 2029-09-15      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp.                                                    | Whirlpool Corp.                                                      | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      2500 | NS      | $253550.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Ancora Trust

**Signature:** /s/ Bradley Zucker

**Name of Signer:** Bradley Zucker

**Title:** President, Treasurer and Secretary