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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Bancroft Fund

XBCVX | Fund

$21.62

$123 M

0.00%

1.10%

Vitals

YTD Return

-24.2%

1 yr return

-19.4%

3 Yr Avg Return

8.3%

5 Yr Avg Return

8.6%

Net Assets

$123 M

Holdings in Top 10

20.3%

52 WEEK LOW AND HIGH

$21.2
$19.80
$34.23

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 33.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Investment Style

Convertibles

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Bancroft Fund

XBCVX | Fund

$21.62

$123 M

0.00%

1.10%

XBCVX - Profile

Distributions

  • YTD Total Return -24.2%
  • 3 Yr Annualized Total Return 8.3%
  • 5 Yr Annualized Total Return 8.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.71%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Bancroft Fund
  • Fund Family Name
    Gabelli Funds LLC
  • Inception Date
    Oct 04, 1971
  • Shares Outstanding
    5517786
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Thomas Dinsmore

Fund Description

N/A

XBCVX - Performance

Return Ranking - Trailing

Period XBCVX Return Category Return Low Category Return High Rank in Category (%)
YTD -24.2% -31.9% 5.7% 96.47%
1 Yr -19.4% -20.8% -1.5% 96.51%
3 Yr 8.3%* 3.3% 16.1% 80.49%
5 Yr 8.6%* 2.6% 14.2% 76.54%
10 Yr 9.2%* 5.9% 12.3% 77.33%

* Annualized

Return Ranking - Calendar

Period XBCVX Return Category Return Low Category Return High Rank in Category (%)
2021 -12.2% -18.9% 2.4% 51.81%
2020 23.5% 5.8% 54.0% 75.95%
2019 23.5% 9.9% 24.4% 10.13%
2018 -11.7% -15.4% -2.5% 71.05%
2017 7.8% -7.8% 15.4% 58.11%

Total Return Ranking - Trailing

Period XBCVX Return Category Return Low Category Return High Rank in Category (%)
YTD -24.2% -31.9% 5.7% 96.47%
1 Yr -19.4% -20.8% 33.8% 90.80%
3 Yr 8.3%* 3.3% 16.1% 80.72%
5 Yr 8.6%* 2.6% 14.2% 75.61%
10 Yr 9.2%* 5.9% 12.3% 74.67%

* Annualized

Total Return Ranking - Calendar

Period XBCVX Return Category Return Low Category Return High Rank in Category (%)
2021 -12.2% -18.9% 2.4% 51.81%
2020 23.5% 5.8% 54.0% 75.95%
2019 23.5% 9.9% 24.4% 10.13%
2018 -11.7% -15.4% 4.5% 92.11%
2017 7.8% 1.8% 18.4% 90.54%

NAV & Total Return History

XBCVX - Holdings

Concentration Analysis

XBCVX Category Low Category High XBCVX % Rank
Net Assets 123 M 25.6 M 4.09 B 88.37%
Number of Holdings 127 10 381 37.08%
Net Assets in Top 10 37.1 M -991 K 795 M 79.78%
Weighting of Top 10 20.33% 9.5% 100.0% 69.66%

Top 10 Holdings

  1. United States Treasury Bills 0% 3.27%
  2. Twilio Inc 0.25% 2.58%
  3. United States Treasury Bills 0% 2.51%
  4. United States Treasury Bills 0% 2.46%
  5. Teladoc Health Inc 1.375% 2.31%
  6. Ford Motor Company 0% 2.28%
  7. Perficient Inc 1.25% 2.25%
  8. IIP Operating Partnership LP 3.75% 2.19%
  9. Perficient Inc 1.25% 2.09%
  10. Sunpower Corporation 4% 2.07%

Asset Allocation

Weighting Return Low Return High XBCVX % Rank
Convertible Bonds 		89.44% 37.15% 110.54% 23.60%
Preferred Stocks 		9.38% 0.00% 22.93% 49.44%
Stocks 		7.45% 0.00% 27.26% 44.94%
Cash 		6.52% -81.48% 7.92% 4.49%
Bonds 		4.32% -18.46% 76.04% 12.36%
Other 		-17.11% -17.11% 1.13% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High XBCVX % Rank
Utilities 		38.09% 0.00% 100.00% 77.50%
Real Estate 		24.11% 0.00% 27.87% 3.75%
Industrials 		23.08% 0.00% 23.08% 1.25%
Healthcare 		14.62% 0.00% 20.31% 3.75%
Technology 		0.08% 0.00% 23.73% 35.00%
Energy 		0.02% 0.00% 40.56% 33.75%
Financial Services 		0.00% 0.00% 20.48% 90.00%
Communication Services 		0.00% 0.00% 100.00% 91.25%
Consumer Defense 		0.00% 0.00% 25.78% 91.25%
Consumer Cyclical 		0.00% 0.00% 24.79% 92.50%
Basic Materials 		0.00% 0.00% 24.08% 90.00%

Stock Geographic Breakdown

Weighting Return Low Return High XBCVX % Rank
US 		7.44% 0.00% 23.28% 44.94%
Non US 		0.01% 0.00% 3.98% 23.60%

Bond Sector Breakdown

Weighting Return Low Return High XBCVX % Rank
Corporate 		91.11% 91.11% 100.00% 100.00%
Cash & Equivalents 		5.94% 0.00% 8.40% 26.97%
Government 		2.94% 0.00% 2.94% 1.12%
Derivative 		0.00% 0.00% 0.00% 88.76%
Securitized 		0.00% 0.00% 0.18% 88.76%
Municipal 		0.00% 0.00% 0.00% 88.76%

Bond Geographic Breakdown

Weighting Return Low Return High XBCVX % Rank
US 		4.32% -25.25% 76.04% 12.36%
Non US 		0.00% 0.00% 6.79% 91.01%

XBCVX - Expenses

Operational Fees

XBCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.20% 2.64% 43.68%
Management Fee 0.80% 0.20% 1.37% 84.71%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

XBCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

XBCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XBCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.00% 30.00% 154.00% 7.89%

XBCVX - Distributions

Dividend Yield Analysis

XBCVX Category Low Category High XBCVX % Rank
Dividend Yield 0.00% 0.00% 9.40% 100.00%

Dividend Distribution Analysis

XBCVX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

XBCVX Category Low Category High XBCVX % Rank
Net Income Ratio 0.71% -3.72% 3.73% 32.94%

Capital Gain Distribution Analysis

XBCVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

XBCVX - Fund Manager Analysis

Managers

Thomas Dinsmore

Start Date

Tenure

Tenure Rank

Nov 01, 1985

36.6

36.6%

Mr. T. Dinsmore joined Gabelli Funds, LLC in 2015. Mr. T. Dinsmore has served as a portfolio manager of the Bancroft Fund and the Ellsworth Fund since 1996 and the Gabelli Convertible and Income Securities Fund since January 2016. From 1996 to 2015, Mr. T. Dinsmore was Chairman and CEO of Dinsmore Capital Management. He has a B.S. in Economics from the Wharton School of Business, and an M.A. in Economics from Fairleigh Dickinson University.

James Dinsmore

Start Date

Tenure

Tenure Rank

Jan 01, 2011

11.42

11.4%

James Dinsmore joined Gabelli Funds, LLC in 2015. Mr. J. Dinsmore has served as a portfolio manager of the Bancroft Fund and the Ellsworth Fund since 2011 and the Gabelli Convertible and Income Securities Fund since January 1, 2016. He currently serves as President and a trustee of the Ellsworth Fund. Mr. J. Dinsmore received a B.A. in Economics from Cornell University and an M.B.A. from Rutgers University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 36.97 10.09 7.42

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