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 Dec. 11, 2017
Current
Market Price $21.46 (+ $0.08)
NAV (Dec. 11, 2017) $24.08 (+ $0.11)
Premium / Discount -10.88% (-0.08%)
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.
Capital & Leverage
Outstanding Shares 5,118,574
Gross Assets $155M
Net Assets $123M
Market Cap $110M
Purchases Turnover 40.86%
Sales Turnover 36.07%
Total Leverage 19.00%
Structural Leverage (out of total) 19.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.51%
Non Lev Exp Ratio 1.23%
Rel Lev Cost 1.16%
Discount Data
Average Discount (3 Yr) -12.24%
Discount Low(3 Yr) -19.77%
Discount High(3 Yr) -4.50%
Discount Rel Range 58.22%
Comp Discount -8.44
Discount St Dev (1Yr) 0.90
Z-Stat
Z-Stat (6mo) -2.03
Z-Stat (1Yr) -2.18
Z-Stat (3Yr) 0.38
Comp Z-Stat (6mo) -2.07
Comp Z-Stat (3Yr) -0.60
Distribution Data
Market Yield 5.41%
Income Yield 2.62%
Lev Adj NAV Yield 4.05%
Distribution Frequency Q
Current Distribution $0.250
Current Income $0.250
Ex-Date 11/27/17
Payable Date 12/27/17
Div Growth (3yr) 76.06%
Dividend Change 8.2% on 2/25/16
Expected Div 2/15/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $286
Avg Volume 30 day 11,692
Avg Volume 90 day 13,313
Volume Trend -12.18%
Comp Volume Trend -11.85%
Correlation & Volatility
Correlation (30 d) 91.1%
Correlation (90 d) 66.5%
Correlation (1 Yr) 90.9%
Price St Dev (1Yr) 10.4%
NAV St Dev (1Yr) 8.1%
Earnings
Earnings / Share (4/30/17) $0.119
Earn Coverage 47.44%
Earnings Trend Up
UNII / Share (4/30/17) $0.000
Rel UNII 0.00
UNII Trend Flat
Bond Specific Data
Maturity 5.84
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)
0.72
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.97
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index
0.72

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.).

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