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Bancroft Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible securities.
The Fund’s objectives are providing income and the potential for capital appreciation. The Fund considers these objectives to be relatively equal, over the long term, due to the nature of the securities in which it invests.
Strategic Income: These securities offer the potential for higher returns through equity upside and strong yields.
James Dinsmore, CFA, joined Gabelli Funds LLC. in 2015. He currently serves as portfolio manager of Gabelli Funds, LLC and manages several funds within the Gabelli/GAMCO Funds Complex. James holds a BA in economics from Cornell University and an MBA from Rutgers University. jdinsmore@gabelli.com (914) 921-8388
Supported by a centralized team of 30+ sector-focused analysts supporting Growth and Value portfolios
A graphical measurement of a portfolio’s net return that simulates the performance of an initial investment of $10,000 over the given time period.
| Symbol | Company | Sector | Portfolio |
|---|
Gross Expense Ratio
1.10%
Net Expense Ratio
1.10%
Maximum Sales Charge
0.00%
Performance pertains to the share class noted only. Other share classes may have different performance characteristics. The Class AAA Shares’ net asset values are used to calculate performance for the periods prior to the issuance of the Advisor Share Class on May 1, 2007. The actual performance for the Advisor Class would have been lower due to the different expenses associated with this class of shares. Performance for periods of less than one year are not annualized. The Fund imposes a 2% redemption fee on shares sold or exchanged in seven days or less after the date of purchase.
The Fund’s share price will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.
