Bancroft Fund:BCV

    Overview

    As of 8/28/2015

     Share
    Price
    NAVPremium/
    Discount
    Current$20.00$23.65-15.43%
    52 Wk Avg$20.51$23.97-14.47%
    52 Wk High$21.80$25.08-12.14%
    52 Wk Low$18.28$22.08-17.32%
    Regular Distribution TypeIncome Only
    Distribution Rate5.08%
    Distribution Amount$0.2540
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks current income and capital appreciation through investment in convertible securities

    Capital Structure

    As of 8/28/2015

    Total Net Assets:$121.356M
    Total Common Assets:$121.355M
    Common Shares Outstanding:5,131,256
    Leverage

    As of

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD):
    Structural Leverage (USD):
    Structural Leverage (%):
    Effective Leverage (USD):
    Effective Leverage (%):
    Preferred Share Rates
    Date Symbol Series Rate Shares
    Annual Expense Ratios

    As of 10/31/2014

      Per Common Share
    Management Fees0.69%
    Other Expenses:0.31%
    Baseline Expense: 1.01%
    Interest Expense:0.00%
    Total: 1.01%

    Fund Management

    Fund Sponsor
    Davis-Dinsmore MGMT Co.

    Portfolio Managers
    Thomas H. Dinsmore (01 Nov 1985) / James A. Dinsmore (01 Jan 2011) / Jane D O'Keeffe (01 Jan 2011)Thomas H. Dinsmore (01 Nov 1985) / James A. Dinsmore (01 Jan 2011) / Jane D O'Keeffe (01 Jan 2011)

    Basics
    Category:Taxable Income-Convertible
    Ticker:BCV
    NAV Ticker:XBCVX
    Average Daily Volume (shares):11,000
    Average Daily Volume (USD):$0.223M
    Inception Date:10/4/1971
    Inception Share Price:$20.00
    Inception NAV: 
    Tender Offer:No
    Term:No
    Fiscal Year End:October 31
    Third Party Links & Reports

    Distributions

    As of 8/28/2015

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2015
    $0.0127
    Annualized Distribution Rate on NAV:
    As of 8/28/2015
    4.30%
    Total Return on NAV (12 months):
    As of 8/28/2015
    1.14%
    Avg. UNII Per Share:
    As of 4/30/2015
    -$0.9335
    Total % Portfolio Effectively Leveraged:
    As of 8/28/2015

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 8/28/2015

    PeriodAvg Discount
    6 Month-13.97%
    1 Year-14.47%
    3 Year-15.28%
    5 Year-14.44%
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 8/28/2015
    Category: Convertibles Non-Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD2.14%1.93%0.01%0.90%
    201410.57%7.97%11.90%8.49%
    201317.02%19.06%17.71%19.45%
    201212.35%11.95%11.79%11.60%
    2011-7.60%-5.77%-7.73%-5.48%
    201017.48%15.28%17.18%15.23%
    200943.38%45.20%41.83%43.62%
    2008-38.38%-38.09%-36.83%-38.19%
    200712.15%8.56%9.07%7.92%
    200615.47%7.47%16.92%9.94%
    20050.48%10.09%3.56%6.53%
    20043.97%2.56%5.63%5.22%
    200310.53%18.59%13.30%18.53%
    2002-8.72%-6.67%  
    200111.63%-2.63%  
    200013.76%2.27%  
    19996.11%14.50%  
    19986.41%11.33%  
    199723.98%18.59%  
    199617.42%18.76%  
    199529.22%26.20%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 8/28/2015
    Category: Convertibles Non-Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2015
    114
    Annual Portfolio Turnover:
    As of 10/31/2014
    10.00%
    Asset Allocation

    As of 4/30/2015 reported by Fund Sponsor

    Top Sectors

    As of 7/31/2015 reported by Fund Sponsor

    Sector%Portfolio
    Information Technology 32.10%
    Health Care 21.60%
    Financials 17.60%
    Consumer Discretionary 7.90%
    Industrials 4.70%
    Telecommunication Service4.10%
    Consumer Staples 3.70%
    Energy 3.10%
    Utilities 2.20%
    Materials 0.90%
    Top Holdings

    As of 6/30/2015 reported by Fund Sponsor

    HoldingValue% Portfolio
    Gilead Sciences 1.625% 1.63 01 May 2016$4.13M3.31%
    Mylan Cv 3.75% 3.75 15 Sep 2015$2.54M2.04%
    Equinix Cv 4.75%$2.38M1.91%
    Wells Fargo & Co, San Francisco Ca Pfd$2.35M1.89%
    Allergan Plc 05.5000 Cv Pfd 01 Mar 2018$2.09M1.68%
    Crown Castle Reit Pfd$2.06M1.66%
    Incyte Cv 1.25% 1.25 15 Nov 2020$2.07M1.66%
    Micron Tech Cv 3% 0.18 15 Nov 2043$2.04M1.64%
    Mentor Graphics Cv 4% 4.00 01 Apr 2031$2.04M1.63%
    T-Mobile Us Pfd$2.03M1.63%
    Priceline Com Cv 1% 1.00 15 Mar 2018$2.00M1.61%
    Maturity Breakdown

    As of 7/31/2015 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2015 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

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    NOTES:

    Distribution type sourced from Morningstar. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    Data provided by MorningstarData Provided by Morningstar