CEF Advisors AICA Event NAVigator Podcast

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Bancroft Fund (BCV)

Taxable Bond Funds - Convertible Funds

Data as of March 18, 2024
Current
Market Price $15.15 (- $0.01)
NAV (March 18, 2024) $17.85 (+ $0.04)
Fund Listed NYSE MKT
Premium / Discount -15.13% (-0.25%)
Fund Info
Inception Oct. 4, 1971
Sponsor Gabelli Funds
Website https://www.gabelli.co...
Phone (800) 422-3554
NAV Symbol XBCVX
Location New Jersey
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: Income and capital appreciation, invests primarily in convertible securities.
Related Indexes
Convertible Bond Index
Capital & Leverage
Outstanding Shares 5,828,029
Total Assets (Reported: Sept. 30, 2023) $137M
Estimated Total Assets $133M
Net Assets $104M
Market Cap $88M
Portfolio Turnover 44.00%
Total Leverage 22.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.14%
Non Lev Exp Ratio 1.59%
Rel Lev Cost 1.95%
Discount Data
Average Discount (3 Yr) -10.96%
Discount Low(3 Yr) -17.32%
Discount High(3 Yr) 5.41%
Discount Rel Range (3 Yr) 9.64%
Comp Discount -13.82
Discount St Dev (1Yr) 1.08
Z-Stat
Z-Stat (6mo) -0.11
Z-Stat (1Yr) -0.32
Z-Stat (3Yr) -0.98
Comp Z-Stat (6mo) -1.03
Comp Z-Stat (3Yr) -1.33
Distribution Data
Market Yield 8.45%
Income Yield 3.38%
Lev Adj NAV Yield 5.88%
Distribution Frequency Q
Current Distribution $0.320
Current Income $0.161
Ex-Date 3/13/24
Payable Date 3/21/24
Div Growth (3yr) 0.00%
Dividend Change 10.3% on 2/25/21
Expected Div 5/16/24
RoC (1yr) 20.99%
RoC (3yr) 4.57%
Tax Dividend Data 2023 2021 - 2023
Income 36.6% 22.2%
ST Gains 11.1% 7.3%
QDI 3.1% 4.4%
LT Gains 40.8% 66.8%
RoC 11.5% 3.8%
Volume & Liquidity
Average Daily $ (K) $396
Avg Volume 30 day 20,299
Avg Volume 90 day 26,130
Volume Trend -22.32%
Comp Volume Trend -18.46%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
62.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
73.0%
Price Correlation (1yr)
vs. CEFA's Convertible Bond Index
79.0%
Most Correlated Peer (Mk Pr): ECF 87.0%
NAV - Price Correlation (30 d) 86.3%
NAV - Price Correlation (90 d) 79.7%
NAV - Price Correlation (1 Yr) 97.4%
Price St Dev (1Yr) 15.9%
NAV St Dev (1Yr) 12.0%
Earnings
Earnings / Share (9/30/23) $0.064
Earn Coverage 19.88%
Earnings Trend Up
UNII / Share (9/30/23) $-1.739
Rel UNII -339.24
UNII Trend Down
Bond Specific Data
Maturity 4.05
Duration
Credit Rating (rbo) None
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
1.14
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.31
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index
0.90

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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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