AICA Event
CEF Advisors AICA Event NAVigator Podcast

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

Go to AICA CEF/BDC Screener Learn More @

Ellsworth Growth and Income Fund (ECF)

Taxable Bond Funds - Convertible Funds

Data as of Sept. 21, 2023
Market Price $8.19 (- $0.02)
NAV (Sept. 21, 2023) $9.09 (- $0.14)
Fund Listed NYSE MKT
Premium / Discount -9.90% (+1.15%)
Fund Info
Inception June 20, 1986
Sponsor Gabelli Funds
Phone (800) 422-3554
Location New Jersey
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: Invests primarily in convertible securities and common stock, with the objectives of providing income and the potential for capital appreciation.
Related Indexes
Convertible Bond Index
Capital & Leverage
Outstanding Shares 13,779,242
Total Assets (Reported: March 31, 2023) $188M
Estimated Total Assets $165M
Net Assets $125M
Market Cap $113M
Portfolio Turnover 37.00%
Total Leverage 24.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.39%
Non Lev Exp Ratio 1.39%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -9.27%
Discount Low(3 Yr) -17.62%
Discount High(3 Yr) 7.17%
Discount Rel Range (3 Yr) 26.49%
Comp Discount -4.67
Discount St Dev (1Yr) 2.07
Z-Stat (6mo) 0.78
Z-Stat (1Yr) 0.77
Z-Stat (3Yr) -0.39
Comp Z-Stat (6mo) 1.04
Comp Z-Stat (3Yr) -0.03
Distribution Data
Market Yield 6.35%
Income Yield 1.91%
Lev Adj NAV Yield 4.61%
Distribution Frequency Q
Current Distribution $0.130
Current Income $0.033
Ex-Date 9/14/23
Payable Date 9/22/23
Div Growth (3yr) 0.00%
Dividend Change 8.3% on 2/12/20
Expected Div 11/10/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 21.0% 12.5%
ST Gains 0% 9.3%
QDI 5.4% 6.4%
LT Gains 79.0% 78.2%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $310
Avg Volume 30 day 38,367
Avg Volume 90 day 37,855
Volume Trend 1.35%
Comp Volume Trend -2.55%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Convertible Bond Index
Most Correlated Peer (Mk Pr): BCV 95.0%
NAV - Price Correlation (30 d) 65.1%
NAV - Price Correlation (90 d) 67.7%
NAV - Price Correlation (1 Yr) 78.0%
Price St Dev (1Yr) 18.2%
NAV St Dev (1Yr) 15.5%
Earnings / Share (3/31/23) $0.044
Earn Coverage 33.62%
Earnings Trend Up
UNII / Share (3/31/23) $-0.004
Rel UNII -2.62
UNII Trend Down
Bond Specific Data
Maturity 3.84
Credit Rating (rbo) None
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index

DISCLOSURES: 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 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 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors,, 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.