# Bancroft Fund Ltd. (BCV): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bcv for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 1980-03-17 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. Bancro... ## Key Facts | Metric | Value | |---|---| | Price | $21.66 | | Expense Ratio | 1.31% | | Assets Under Management | $126.1M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 6.74% | | Annual Distribution (TTM) | $1.46 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $21.06 – $27.33 | | Beta | 1.02 | ## Latest Distribution - Amount: $0.4100 /share - Ex-date: 2026-09-16 - Pay date: 2026-09-23 ## Frequently Asked Questions ### 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 $126.1M 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. ### Does BCV pay a dividend? Bancroft Fund Ltd. (BCV) currently distributes little or no income. Trailing-twelve-month yield is 6.74%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BCV pay dividends? Bancroft Fund Ltd. pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BCV's dividend yield? BCV's trailing-twelve-month yield is 6.74%, calculated from the sum of dividends over the past year divided by the current price. ### When is BCV's next ex-dividend date? The most recently announced ex-dividend date for BCV was 2026-09-16. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will BCV's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.31% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BCV charge its expense ratio? The expense ratio is deducted in tiny daily slices from BCV's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BCV cost more than a fund like VOO? BCV is a passive index fund (current expense ratio 1.31%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to BCV? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as BCV (1.31%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bcv - Distribution history: https://www.dividenddata.com/funds/bcv/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bcv/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bcv/expenses - Peer comparison: https://www.dividenddata.com/funds/bcv/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.