Bancroft Fund Ltd. is a closed-ended investment fund managed by Davis-Dinsmore Management Company. It invests in aerospace and defense, automotive, banking/savings and loan, chemicals, consumer goods, energy, entertainment, financial and insurance, foods, health care, mining, pharmaceuticals, retail, technology, telecommunications, and utilities. The fund primarily invests in convertible securities including convertible bonds and notes, convertible preferred stocks, and mandatory convertible securities. It also invests in public equities, cash and equivalents, and short-term securities. The company is based in Morristown, New Jersey.