CEF Advisors AICA Event NAVigator Podcast

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Bancroft Fund (BCV)

Taxable Bond Funds - Convertible Funds

Data as of Aug. 18, 2022
Market Price $20.49 (- $0.17)
NAV (Aug. 18, 2022) $22.90 (+ $0.13)
Fund Listed NYSE MKT
Premium / Discount -10.52% (-1.26%)
Fund Info
Inception Oct. 4, 1971
Sponsor Gabelli Funds
Website https://www.gabelli.co...
Phone (800) 422-3554
Location New Jersey
Incorporated Delaware
Staggered Board Yes
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
Total Assets (Reported: April 30, 2022) $168M
Estimated Total Assets $147M
Net Assets $117M
Market Cap $105M
Portfolio Turnover 29.00%
Total Leverage 20.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.16%
Non Lev Exp Ratio 1.16%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -8.04%
Discount Low(3 Yr) -21.65%
Discount High(3 Yr) 5.41%
Discount Rel Range 41.12%
Comp Discount -9.24
Discount St Dev (1Yr) 3.10
Z-Stat (6mo) 1.35
Z-Stat (1Yr) -0.35
Z-Stat (3Yr) -0.64
Comp Z-Stat (6mo) 0.70
Comp Z-Stat (3Yr) -1.22
Distribution Data
Market Yield 7.42%
Income Yield 0.57%
Lev Adj NAV Yield 5.53%
Distribution Frequency Q
Current Distribution $0.320
Current Income $0.005
Ex-Date 6/14/22
Payable Date 6/23/22
Div Growth (3yr) 28.00%
Dividend Change 10.3% on 2/25/21
Expected Div 8/18/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2021 2019 - 2021
Income 2.8% 10.3%
ST Gains 10.6% 7.2%
QDI 2.8% 6.5%
LT Gains 86.6% 82.5%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $354
Avg Volume 30 day 16,687
Avg Volume 90 day 17,274
Volume Trend -3.40%
Comp Volume Trend 5.84%
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): ECF 92.0%
NAV - Price Correlation (30 d) 97.8%
NAV - Price Correlation (90 d) 96.8%
NAV - Price Correlation (1 Yr) 99.1%
Price St Dev (1Yr) 22.6%
NAV St Dev (1Yr) 23.3%
Earnings / Share (4/30/22) $0.011
Earn Coverage 3.50%
Earnings Trend Down
UNII / Share (4/30/22) $-1.368
Rel UNII -1,165.33
UNII Trend Up
Bond Specific Data
Maturity 3.54
Credit Rating (rbo)
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


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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.

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