Bancroft Fund Ltd. is a close-ended fixed income mutual fund launched and managed by Davis-Dinsmore Management Company. The fund invests in the fixed income markets of the United States. It invests in securities of companies that operate across diversified sectors. The fund primarily invests in convertible securities including convertible bonds and convertible preferred stocks. It benchmarks the performance of its portfolio against S&P 500 Index, Bank of America/Merrill Lynch All Convertibles Index, and Barclay Aggregate Bond Total Return Index. The fund is formerly known as Bancroft Convertible Fund, Inc. Bancroft Fund Ltd. is domiciled in the United States.