Closed-End Fund

Ellsworth Growth & Income Fund Ltd.

ECF

Convertible Securities

Investing in Convertible Securities for the Long-Term

Fund Total Net Assets as of 05/31/2025
$178M
NAV as of 06/20/2025
$10.93
Index
ICE Bank of America Merrill Lynch U.S. Convertibles Index; Bloomberg Balanced U.S. Convertibles Index
Investment Category
Convertible Securities
Inception Date
6/30/1986
YTD Return as of 06/20/2025
5.761%
Total Net Assets

XXXXXXXXX

Market Price as of 06/20/2025
$9.95
1 Day NAV Change
0.708%
Dividends Paid
Quarterly
Minimum Initial Investment
N/A
Description of Strategy

Ellsworth Growth and Income Fund Ltd. operates as a diversified, closed-end management investment company and invests primarily in convertible securities and common stock.

Investment Objective

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.

Why Invest

Income Potential: The Fund seeks to generate cash flow by investing in dividend-paying stocks that are undervalued with superior yield and capital gains potential.

Investment Team

Portfolio Managers

james_dinsmore

James A. Dinsmore

15 years managing this fund
Portfolio Manager

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  

Research Analysts

30

Supported by a centralized team of 30+ sector-focused analysts supporting Growth and Value portfolios

Historical Performance

Growth of $10,000

$-

Inception date to 6/20/2025

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.

Trailing Returns

As of 6/20/2025

Calendar Year Returns

Top Ten Holdings

Symbol Company Sector Portfolio
TMUST-MOBILE US INCCommunication Services2.2
NOGNORTHERN OIL & GAS INCEnergy2.1
HCIHCI GROUP INCFinancials2.1
PSNPARSONS CORPIndustrials2.0
PRGSPROGRESS SOFTWARE CORPInformation Technology1.9
PPLPPL CAPITAL FUNDING INCUtilities1.9
BABAALIBABA GROUP HOLDING LTDConsumer Discretionary1.8
EQIXEQUINIX INCReal Estate1.8
AVGOBROADCOM INCInformation Technology1.8
SRPTSAREPTA THERAPEUTICS INC1.8

Portfolio Details

Fees

Gross Expense Ratio

1.50%

Net Expense Ratio

1.10%

Maximum Sales Charge

0.00%

Geographic Exposure By Country

Geographic Exposure By Region

Disclosures

Performance returns for periods of less than one year are not annualized. Returns represent past performance and do not guarantee future results. Investment returns and the principal value of an investment will fluctuate. The Fund’s use of leverage may magnify the volatility of net asset value changes versus funds that do not employ leverage. When shares are sold, they may be worth more or less than their original cost. Current performance may be lower or higher than the performance data presented. Visit www.gabelli.com for performance information as of the most recent month end. The ICE BofA U.S. Convertibles Index is a market value weighted index of all dollar denominated convertible securities that are exchangeable into U.S. equities that have a market value of more than $50 million. The Bloomberg Balanced U.S. Convertibles Index is a market value weighted index that tracks the performance of publicly placed, dollar denominated convertible securities that are between 40% and 80% sensitive to movements in their underlying common stocks. Dividends and interest income are considered reinvested. You cannot invest directly in an index.

 

The Fund’s fiscal year ends on September 30.

 

Total returns and average annual returns reflect changes in the NAV per share, reinvestment of distributions at NAV on the ex-dividend date for the period beginning November 2015, and are net of expenses. Total returns and average annual returns were not adjusted for the 2004 rights offering. For the period from December 2008 through October 2015, distributions were reinvested on the payable date using market prices. From inception through November 2008, distributions were reinvested on the payable date using NAV. Since inception return is based on an initial NAV of $9.30.

 

Total returns and average annual returns reflect changes in closing market values on the NYSE American and reinvestment of distributions. Total returns and average annual returns were not adjusted for the 2004 rights offering. Since inception return is based on an initial offering price of $10.00.

 

The ICE BofA U.S. Convertibles Index inception date is December 31, 1987.

 

The Bloomberg Balanced U.S. Convertibles Index inception date is January 1, 2003.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing.

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