Bancroft Fund Ltd.

Frequently Asked Questions About BCV

What does BCV invest in?

Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets. It primarily invests in convertible securities including convertible debt and convertible preferred stocks. The fund invests in stocks of companies across market capitalization. It benchmarks the performance of its portfolio against S&P 500 Index, Bank of America Merrill Lynch All U.S. Convertibles Index, and Barclays Balanced U.S. Convertibles Index. The fund was formerly known as Bancroft Convertible Fund, Inc. Bancroft Fund Ltd. was formed on April 20, 1971 and is domiciled in the United States.

What is the expense ratio of BCV?

Bancroft Fund Ltd. (BCV) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BCV?

Bancroft Fund Ltd. (BCV) manages $141.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BCV actively managed or an index fund?

BCV is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (BCV's is 1.31%) because there's no security selection cost.

When was BCV launched?

Bancroft Fund Ltd. (BCV) launched in March 1980 and is managed by the fund issuer.

How has BCV performed?

BCV's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.