CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Bancroft Fund (BCV)

Taxable Bond Funds - Convertible Funds

Data as of March 29, 2017
Market Price $21.00 (+ $0.06)
NAV (March 29, 2017) $23.25 (+ $0.09)
Premium / Discount -9.68% (-0.09%)
Fund Info
Inception Oct. 4, 1971
Sponsor Gabelli Funds
Website www.gabelli.com/Templa...
Phone (800) 422-3554
Objective: Income and capital appreciation, invests primarily in convertible securities.
Related Indexes
Convertible Bond Index
Capital & Leverage
Outstanding Shares 5,118,574
Gross Assets $145M
Net Assets $119M
Market Cap $107M
Purchases Turnover 68.71%
Sales Turnover 50.28%
Total Leverage 20.00%
Structural Leverage (out of total) 20.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.44%
Non Lev Exp Ratio 1.12%
Rel Lev Cost 1.25%
Discount Data
Average Discount (3 Yr) -13.67%
Discount Low(3 Yr) -19.77%
Discount High(3 Yr) -4.50%
Discount Rel Range 66.10%
Comp Discount -3.56
Discount St Dev (1Yr) 3.19
Z-Stat (6mo) -1.05
Z-Stat (1Yr) 0.20
Z-Stat (3Yr) 1.24
Comp Z-Stat (6mo) -1.84
Comp Z-Stat (3Yr) 0.83
Distribution Data
Market Yield 6.05%
Income Yield 5.43%
Lev Adj NAV Yield 4.55%
Distribution Frequency Q
Current Distribution $0.250
Current Income $0.207
Ex-Date 3/15/17
Payable Date 3/24/17
Div Growth (3yr) 108.33%
Dividend Change 8.2% on 2/25/16
Expected Div 5/18/17
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $299
Avg Volume 30 day 15,552
Avg Volume 90 day 14,250
Volume Trend 9.14%
Comp Volume Trend 10.38%
Correlation & Volatility
Correlation (30 d) 91.6%
Correlation (90 d) 90.0%
Correlation (1 Yr) 90.8%
Price St Dev (1Yr) 12.6%
NAV St Dev (1Yr) 8.2%
Earnings / Share (10/31/16) $0.104
Earn Coverage 41.44%
Earnings Trend Up
UNII / Share (10/31/16) $0.000
Rel UNII 0.00
UNII Trend Flat
Bond Specific Data
Maturity 5.88
Duration 1.50
Credit Rating (rbo) BBB
Investment Grade 61.00%
Non Investment Grade 35.00%
Unrated Bonds 4.00%
NAV Beta (2yr)
vs. iShares 20+ Year Treasury Bond


CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available 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.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies 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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