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Bancroft Fund:BCV

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PRINTABLE VIEW

As of 6/18/2013. NAV as of 6/17/2013.

	Share Price	NAV	Premium/ Discount
Current	$17.49	$20.85	-16.12%
52 Wk Avg	$16.84	$19.66	-14.30%
52 Wk High	$18.20	$21.40	-12.35%
52 Wk Low	$15.76	$18.13	-16.59%

Distribution Rate	2.73%
Distribution Amount	$0.1200
Distribution Frequency	Quarterly


	5D 1M YTD 1Y 3Y 5Y	Interactive Chart
	Since Inception

Fund Basics DistributionsPricing HistoryPerformancePortfolio Characteristics

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

Capital Structure
(As of 6/18/2013)
Total Net Assets:	$111.197M
Total Common Assets:	$111.195M
Common Shares Outstanding:	5,341,852

Leverage

Preferred Share Assets:
Type of Preferred:
Total Debt (USD):
Structural Leverage (USD):
Structural Leverage (%):
Effective Leverage (USD):
Effective Leverage (%):
Preferred Share Rates

Annual Expense Ratios
(As of 10/31/2012)
Management Fees	0.75%
Other Expenses:	0.35%
Baseline Expense:	1.09%
Interest Expense:	0.00%
Total:	1.09%

Preferred Shareholder Distributions:	0.00%

Basics
CUSIP:	*****
Category:	Taxable Income-Convertible
Fund Sponsor:	Davis-Dinsmore MGMT Co.
Portfolio Managers:	James A. Dinsmore (01 Jan 2011) / Thomas H. Dinsmore (01 Nov 1985) / Jane D O'Keeffe (01 Jan 2011)

Ticker:	BCV
NAV Ticker:	XBCVX

Average Daily Volume (shares):
Average Daily Volume (USD):

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
SEC Filings
Intraday Pricing and News
Fund Sponsor Website

As of 6/18/2013

Distribution History Since Inception

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.

Display History

Declared Date	Payable Date	Ex Date	Distrib Amount	Income
5/14/2013	6/27/2013	6/11/2013	$0.1200	$0.1200
2/22/2013	3/27/2013	3/11/2013	$0.1200	$0.1200
11/19/2012	12/28/2012	11/28/2012	$0.0675	$0.0675
11/19/2012	12/28/2012	11/28/2012	$0.1275	$0.1275
8/20/2012	9/27/2012	9/11/2012	$0.1275	$0.1275

Key Information Regarding Distributions
Avg. Earnings Per Share: (As of 10/31/2012)	$0.0451
Annualized Distribution Rate on NAV: (As of 6/18/2013)	2.30%
Total Return on NAV (12 months): (As of 6/18/2013)	17.54%
Avg. UNII Per Share: (As of 10/31/2012)	-$0.0401
Total % Portfolio Leveraged: (As of 6/18/2013)

Portfolio Characteristics

Number of Holdings (As of 1/31/2013):	106
Annual Portfolio Turnover (As of 10/31/2013):	44.00%

Top Holdings

As of 1/31/2013 reported by fund sponsor

Holding	Value	%Portfolio
Other Assets And Liabilites	$6.51M	6.09%
Wells Fargo & Co., 7.50% (A) 7.50	$2.58M	2.42%
United Technologies Corp., 7.50% 7.50 01 Aug 2022	$2.28M	2.13%
Emc Corp(Mass) Cv 1.75% 1.75 01 Dec 2013	$2.17M	2.03%
Chesapeake Energy Corp., 5.75%	$2.10M	1.97%
Nuance Comms Cv 2.75% 2.75 15 Aug 2027	$2.06M	1.93%
Met Life, Inc., 5.00% 5.00 08 Oct 2014	$1.95M	1.83%
Bank Of America Corp., 7.25% (Bb) 7.25	$1.90M	1.77%
Gilead Sciences 1.625% 1.63 01 May 2016	$1.80M	1.68%
Amtrust Finl Svcs 144A Cv 5.5% 5.50 15 Dec 2021	$1.73M	1.62%
General Motors Co., 4.75% 4.75 01 Dec 2013	$1.73M	1.62%

Top Sectors

As of 4/30/2013 reported by fund sponsor

Sector	%Portfolio
Semiconductors &Equipment	7.10%
Software	6.50%
Real Estate Investment Tr	6.20%
Insurance	5.50%
Biotechnology	5.40%
Metals and Mining	5.00%
Commercial Banks	4.90%
Oil,Gas &Consumable Fuels	4.10%
Computers & Peripherals	2.90%
Diversified Financial Ser	2.80%

Maturity Breakdown

As of 4/30/2013 reported by fund sponsor

Asset Allocation

As of 10/31/2012 reported by fund sponsor

Country Allocation

As of 10/31/2012 reported by fund sponsor

Country	%Portfolio
USA	100.00%

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. Past performance is no guarantee of future results.

The risks outlined below do not include all the risks pertaining to an investment in this fund. For more detailed information, please contact the Fund Sponsor.

Investment and Market Risk: An investment in common shares is subject to investment risk, including the possible loss of the entire principal amount that you invest. Your investment in common shares represents an indirect investment in the corporate securities owned by the Fund, which generally trade in the over-the-counter markets. Your common shares at any point in time may be worth less than your original investment, even after taking into account the reinvestment of Fund dividends and distributions.

Price Risk: Shares of closed-end investment companies like the Fund frequently trade at a discount to their NAV. Your common shares at any point in time may be worth less than your original investment, even after taking into account the reinvestment of Fund dividends and distributions.

Issuer Credit Risk:

Leverage Risk: Each Fund’s use of leverage creates the possibility of higher volatility for the Fund’s per share NAV, market price, distributions and returns. There is no assurance that a Fund’s leveraging strategy will be successful.

Non-Diversification and Concentration Risk: The Funds are able to invest a greater portion of their assets in obligations of a single issuer than a “diversified” fund. A nondiversified fund, or one with a portfolio concentrated in a particular industry or geographical region, may be affected disproportionately by the performance of a single security or relatively few securities as a result of adverse economic, regulatory, or market occurrences.

NOTES

1. Annualized total return is determined by subtracting the initial investments from the redeemable value of the investment at the end of the investment period, dividing the remainder by the initial investment and expressing the result as a percentage. For multiple years, 1 would be added to the results, this number could then be raised to the power of 1/years annualized - 1 to find the result of a multiple year annualized return. The calculation assumes that all income and capital gains distributions by the Fund have been reinvested at net asset value (share price) on the ex dates during the period.

Bancroft Fund:BCV

Investment Objective

Capital Structure

Leverage

Annual Expense Ratios

Basics

Third Party Links & Reports

Distribution History

Key Information Regarding Distributions

Premium/Discount Information

Pricing History