Bancroft Fund:BCV

    Overview

    As of 10/31/2014

     Share
    Price
    NAVPremium/
    Discount
    Current$20.11$23.59-14.75%
    52 Wk Avg$19.50$23.17-15.84%
    52 Wk High$20.59$24.21-13.48%
    52 Wk Low$18.02$21.85-17.97%
    Regular Distribution TypeIncome Only
    Distribution Rate2.40%
    Distribution Amount$0.1200
    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 10/31/2014

    Total Net Assets:$123.667M
    Total Common Assets:$123.665M
    Common Shares Outstanding:5,242,291
    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 Fees0.74%
    Other Expenses:0.36%
    Baseline Expense: 1.10%
    Interest Expense:0.00%
    Total: 1.10%

    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):
    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

    Distributions

    As of 10/31/2014

    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
    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2014
    $0.0170
    Annualized Distribution Rate on NAV:
    As of 10/31/2014
    2.05%
    Total Return on NAV (12 months):
    As of 10/31/2014
    9.20%
    Avg. UNII Per Share:
    As of 4/30/2014
    -$0.4842
    Total % Portfolio Effectively Leveraged:
    As of 10/31/2014

    Pricing Information

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

    As of 10/31/2014

    PeriodAvg Discount
    6 Month-15.21%
    1 Year-15.84%
    3 Year-15.02%
    5 Year-14.35%
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 10/31/2014
    Category: Convertibles Non-Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD10.07%6.87%7.87%5.57%
    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%-9.31%-11.24%
    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%  
    1994-10.45%-3.26%  
    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 10/31/2014
    Category: Convertibles Non-Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2014
    116
    Annual Portfolio Turnover:
    As of 10/31/2014
    42.00%
    Asset Allocation

    As of 7/31/2014 reported by Fund Sponsor

    Top Sectors

    As of 8/31/2014 reported by Fund Sponsor

    Sector%Portfolio
    Information Technology 30.00%
    Financials 21.80%
    Health Care 17.70%
    Consumer Discretionary 8.00%
    Industrials 7.20%
    Energy 5.40%
    Utilities 2.90%
    Consumer Staples 2.50%
    Materials 2.50%
    Telecommunication Servics0.60%
    Top Holdings

    As of 6/30/2014 reported by Fund Sponsor

    HoldingValue% Portfolio
    Gilead Sciences 1.625% 1.63 01 May 2016$3.28M2.61%
    United Tech$2.61M2.07%
    Wells Fargo & Co, San Francisco Ca Pfd$2.43M1.93%
    Micron Tech Cv 3% 3.00 15 Nov 2043$2.26M1.80%
    Priceline Com Cv 1% 1.00 15 Mar 2018$2.13M1.69%
    Bk Amer Pfd 7.25 31 Dec 2049$2.10M1.67%
    Jarden Cv 1.875% 1.88 15 Sep 2018$2.07M1.65%
    Nuance Comms Cv 2.75% 2.75 01 Nov 2031$2.01M1.59%
    Chesapeake Engy Pfd$1.97M1.57%
    Mylan Cv 3.75% 3.75 15 Sep 2015$1.94M1.54%
    Equinix Cv 4.75% 4.75 15 Jun 2016$1.92M1.52%
    Maturity Breakdown

    As of 8/31/2014 reported by Fund Sponsor

    Country Allocation

    As of 7/31/2014 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

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