Ellsworth Growth and Income Fund Ltd (ECF.PR.A)

Overview

Ellsworth Growth and Income Fund Ltd. operates as a closed-ended equity mutual fund, which was launched by GAMCO Investors, Inc. and is professionally managed by Gabelli Funds, LLC. Established on June 27, 1986, and domiciled in the United States, the fund has undergone a name change from its original Ellsworth Fund Ltd. to better reflect its investment focus. The fund’s primary investment strategy centers around convertible securities, leveraging various public equity markets to generate income and growth for its investors. It benchmarks its portfolio performance against notable indexes like the Bank of America Merrill Lynch All U.S. Convertibles Index, Barclays Balanced U.S. Convertibles Index, and the S&P 500 Index, providing a comprehensive gauge of its success and market position relative to these established standards.

Products and Services

Ellsworth Growth and Income Fund Ltd. offers a specialized investment product focusing on convertible securities. This unique focus encompasses a range of market capitalizations, ensuring a diversified portfolio for investors. The main products and services include:

• Convertible Securities Investments: The fund's primary focus is on investing in convertible securities, which are a type of investment that can be converted into a predetermined amount of the company’s equity, usually in the form of common stock. This approach combines the income potential of bonds with the growth potential of stocks, making it an attractive option for investors looking for a balanced investment.
• Benchmark Performance Tracking: To measure its success and growth, Ellsworth Growth and Income Fund Ltd. uses three major indexes - the Bank of America Merrill Lynch All U.S. Convertibles Index, Barclays Balanced U.S. Convertibles Index, and the S&P 500 Index. This multi-faceted benchmarking allows for a well-rounded assessment of the fund’s performance in relation to well-established market indicators.