Bancroft Fund:BCV


    As of 2/17/2017

    52 Wk Avg$19.61$22.05-11.13%
    52 Wk High$22.02$23.69-4.50%
    52 Wk Low$16.69$20.24-17.81%
    Regular Distribution TypeIncome Only
    Distribution Rate4.55%
    Distribution Amount$0.2500
    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 2/17/2017

    Total Net Assets:$121.253M
    Total Common Assets:$121.252M
    Common Shares Outstanding:5,131,256
    Annual Expense Ratios

    As of 10/31/2016

      Per Common Share
    Management Fees0.81%
    Other Expenses:0.33%
    Baseline Expense: 1.14%
    Interest Expense:0.00%
    Total: 1.14%

    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)

    Category: Taxable Income-Convertible
    Ticker: BCV
    NAV Ticker: XBCVX
    Average Daily Volume (shares): 19,000
    Average Daily Volume (USD): $0.377M
    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


    As of 2/17/2017

    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 4/30/2016
    Annualized Distribution Rate on NAV:
    As of 2/17/2017
    Total Return on NAV (12 months):
    As of 2/17/2017
    Avg. UNII Per Share:
    As of 4/30/2016
    Total % Portfolio Effectively Leveraged:
    As of 2/17/2017

    Pricing Information

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

    As of 2/17/2017

    PeriodAvg Discount
    6 Month-8.07%
    1 Year-11.13%
    3 Year-13.93%
    5 Year-14.40%

    As of 2/20/2017

    3 Month1.50
    6 Month0.90
    1 Year1.20
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 2/17/2017
    Category: Convertibles Non-Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    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 2/17/2017
    Category: Convertibles Non-Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 10/31/2016
    Annual Portfolio Turnover:
    As of 10/31/2016
    Asset Allocation

    As of 7/29/2016 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2016 reported by Fund Sponsor

    Health Care 20.10%
    Computer Software & Servi14.50%
    Energy& Utilities 11.90%
    Financial 11.90%
    Semiconductors 7.20%
    Top Holdings

    As of 10/31/2016 reported by Fund Sponsor

    HoldingValue% Portfolio
    Other Assets And Liabilities (Net)$8.02M7.09%
    Alibaba - Mandatory Exchange Trust, 5.75 5.75 01 Jun 2019$3.75M3.32%
    Dish Network Corp., 3.375% 3.38 15 Aug 2026$2.88M2.55%
    Mercado Libre Inc., 2.250% 2.25 01 Jul 2019$2.83M2.51%
    Wells Fargo & Co., 7.500% 7.50$2.61M2.31%
    T-Mobile Us Inc., 5.500% 5.50 15 Dec 2017$2.48M2.19%
    Bank Of America Corp., 7.250% 7.25$2.46M2.18%
    Proofpoint Inc., 0.750% 0.75 15 Jun 2020$2.41M2.13%
    The Priceline Group, Inc., 1.000% 1.00 15 Mar 2018$2.39M2.11%
    Inter Digital, Inc., 1.500% 1.50 01 Mar 2020$2.32M2.05%
    Inphi Corp., 1.125% 1.12 01 Dec 2020$2.32M2.05%
    Country Allocation

    As of 7/29/2016 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00% makes data for the universe of closed-end funds available as a courtesy to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.


    Distribution type sourced from Morningstar. 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.

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