Closed-end management investment company investing in a diversified portfolio of common stocks and other securities.
Ellsworth Growth and Income Fund Ltd., managed by Gabelli Funds, LLC and launched by GAMCO Investors, Inc., operates as a closed-ended equity mutual fund specializing in investments within the public equity markets. Established in 1986 and domiciled in the United States, the fund focuses primarily on convertible securities, offering investors exposure to a diverse range of companies across various market capitalizations. Its investment strategy aims to capitalize on opportunities presented by convertible securities, which combine aspects of both stocks and bonds.
The fund benchmarks its performance against key indices such as the Bank of America Merrill Lynch All U.S. Convertibles Index, Barclays Balanced U.S. Convertibles Index, and the S&P 500 Index. This strategic approach allows Ellsworth Growth and Income Fund Ltd. to assess and optimize its portfolio performance relative to broader market trends and specific sector dynamics. By leveraging its expertise in convertible securities, the fund seeks to generate competitive returns while managing risk effectively for its investors.
Previously known as Ellsworth Fund Ltd., the fund underwent a name change to Ellsworth Growth and Income Fund Ltd. Over its extensive history, the fund has maintained a commitment to delivering value and stability to its shareholders through prudent investment management and adherence to its established investment mandate. With its strategic focus on convertible securities and disciplined investment approach, Ellsworth Growth and Income Fund Ltd. continues to uphold its legacy as a trusted investment vehicle within the financial markets.