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

Back To Fund Screener

Bancroft Fund (BCV)

Taxable Bond Funds - Convertible Funds

Data as of Feb. 20, 2018
Current
Market Price $21.57 (+ $0.17)
NAV (Feb. 20, 2018) $24.62 (+ $0.04)
Premium / Discount -12.39% (+0.55%)
Fund Info
Inception Oct. 4, 1971
Sponsor Gabelli Funds
Website www.gabelli.com/Templa...
Phone (800) 422-3554
NAV Symbol XBCVX
Objective: Income and capital appreciation, invests primarily in convertible securities.
Related Indexes
Convertible Bond Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 5,118,574
Gross Assets (Reported: Oct. 31, 2017) $157M
Estimated Gross Assets $154M
Net Assets $126M
Market Cap $110M
Purchases Turnover 33.38%
Sales Turnover 33.62%
Total Leverage 18.00%
Structural Leverage (out of total) 18.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.60%
Non Lev Exp Ratio 1.30%
Rel Lev Cost 1.35%
Discount Data
Average Discount (3 Yr) -11.98%
Discount Low(3 Yr) -19.77%
Discount High(3 Yr) -4.50%
Discount Rel Range 48.35%
Comp Discount -8.33
Discount St Dev (1Yr) 1.22
Z-Stat
Z-Stat (6mo) -1.88
Z-Stat (1Yr) -2.47
Z-Stat (3Yr) -0.12
Comp Z-Stat (6mo) -0.89
Comp Z-Stat (3Yr) -0.79
Distribution Data
Market Yield 5.38%
Income Yield 0.83%
Lev Adj NAV Yield 3.99%
Distribution Frequency Q
Current Distribution $0.250
Current Income $0.057
Ex-Date 9/14/17
Payable Date 9/22/17
Div Growth (3yr) 108.33%
Dividend Change 8.2% on 2/25/16
Expected Div 2/15/18
RoC (1yr) 21.12%
RoC (3yr) 5.81%
Tax Dividend Data 2016
Income 44.8%
ST Gains 0%
QDI 28.1%
LT Gains 0%
RoC 55.2%
Volume & Liquidity
Average Daily $ (M) $474
Avg Volume 30 day 45,561
Avg Volume 90 day 21,983
Volume Trend 107.26%
Comp Volume Trend 81.58%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
77.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
77.0%
Price Correlation (1yr)
vs. CEFA's Convertible Bond Index
82.0%
Most Correlated Peer (Mk Pr): ECF 86.0%
NAV - Price Correlation (30 d) 96.1%
NAV - Price Correlation (90 d) 84.9%
NAV - Price Correlation (1 Yr) 77.8%
Price St Dev (1Yr) 11.7%
NAV St Dev (1Yr) 8.9%
Earnings
Earnings / Share (10/31/17) $0.090
Earn Coverage 36.16%
Earnings Trend Down
UNII / Share (10/31/17) $0.000
Rel UNII 0.00
UNII Trend Flat
Bond Specific Data
Maturity 5.99
Duration 1.50
Credit Rating (rbo) BBB
Investment Grade 61.00%
Non Investment Grade 35.00%
Unrated Bonds 4.00%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.75
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.94
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index
0.77

DISCLOSURES:

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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2016. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.