BCV

Bancroft Fund
BCV
Market cap $103M

17.74 USD

-0.02

0.11%

Updated Dec 23, 1:25 PM EST

1 day

-0.11%

5 days

-2.53%

1 month

-3.95%

3 months

7.38%

6 months

14.60%

Year to date

12.63%

1 year

9.78%

5 years

-31.00%

10 years

-11.61%

About: Bancroft Fund Ltd is a diversified closed-end management company. It operates as a closed-ended equity mutual fund. The funds' main objective is to provide income and potential for capital appreciation. With the intent to achieve its objective, the company invests in convertible and equity securities. It invests across different industries such as Computer Software and Services, Energy and Utilities, Health Care among others.

0

Funds holding %

of 6,809 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

43% more capital invested

Capital invested by funds: $22.1M [Q2] → $31.6M (+$9.5M) [Q3]

1.27% more ownership

Funds ownership: 24.03% [Q2] → 25.3% (+1.27%) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 14

3% less funds holding

Funds holding: 38 [Q2] → 37 (-1) [Q3]

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

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Research analyst outlook

We haven’t received any recent analyst ratings for BCV.

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Financial journalist opinion

BCV: Decent, But Not Amazing Compared To Other Convertible Funds

The Bancroft Fund offers a 7.12% yield, outperforming most domestic stock or bond indices but lagging behind its peers in yield and historical performance. The fund primarily invests in convertible bonds, which provide equity-like gains and inflation protection, making it appealing for income-focused investors wary of traditional bonds. Despite underperforming in the first half of 2024, the fund's net asset value has been up since May, and it fully covered its distributions through unrealized capital gains.

BCV: Decent, But Not Amazing Compared To Other Convertible Funds

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

RYE, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on December 30, 2024 to common shareholders of record on November 22, 2024.

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on September 23, 2024 to common shareholders of record on September 16, 2024.

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

Bancroft Fund: This 8%-Yielding CEF Provides Some Income, But It's Nothing Special

The Bancroft Fund offers a high yield of 8.17% for income-focused investors, but its yield is relatively low compared to other similar closed-end funds. The BCV closed-end fund's share price performance over the past five years is discouraging, as it has declined by 25.63%. The fund's holdings primarily consist of convertible securities, with only one common stock position. This is a bit less common equity exposure than peers.

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on June 21, 2024 to common shareholders of record on June 13, 2024.

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

Bancroft Fund Ltd. Declares Distribution of $0.32 per Share

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on March 21, 2024 to common shareholders of record on March 14, 2024.

Bancroft Fund Ltd. Declares Distribution of $0.32 per Share

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

RYE, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on December 28, 2023 to common shareholders of record on November 22, 2023.

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

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