Ellsworth Growth and Income Fund Ltd (ECF)
Frequently Asked Questions About Ellsworth Growth and Income Fund Ltd (ECF)
Can individuals invest in ECF?
Yes, individual investors can invest in Ellsworth Growth and Income Fund Ltd by purchasing shares on the New York Stock Exchange (NYSE) under the ticker symbol ECF. Investors should review their financial goals and risk tolerance before investing and can acquire shares through a brokerage account just like any publicly traded stock.
How does ECF maintain its investment diversification?
Ellsworth Growth and Income Fund Ltd maintains its investment diversification by allocating its portfolio across various asset classes, sectors, and geographical regions. By investing in a mix of equity and debt securities from numerous companies, the fund aims to mitigate risk and reduce the impact of poor performance from any single investment, thus enhancing the potential for overall returns.
How does ECF perform compared to its benchmarks?
The performance of Ellsworth Growth and Income Fund Ltd is typically measured against relevant benchmarks, such as the S&P 500 Index or other appropriate indices that reflect the fund's investment focus. These comparisons help investors assess how well the fund is performing in terms of growth and income generation relative to the overall market and its specific investment goals.
How often are the fund's shareholder reports released?
Ellsworth Growth and Income Fund Ltd provides shareholder reports semi-annually. These reports typically include detailed information about the fund's performance, investment portfolio, strategy updates, and financial statements. These reports serve as valuable resources for investors to evaluate the fund's progress and make informed decisions.
How often does ECF pay dividends?
Ellsworth Growth and Income Fund Ltd typically pays dividends to its shareholders on a quarterly basis. The fund’s dividend policy is designed to distribute income generated from its portfolio investments, and the exact amount may vary depending on the fund's earnings and overall investment performance during each period.
Is ECF suitable for conservative investors?
Ellsworth Growth and Income Fund Ltd may be suitable for conservative investors seeking a balanced approach to growth and income. With its diversified portfolio that includes both equity and fixed-income securities, the fund aims to achieve a stable income stream while also pursuing capital appreciation. However, potential investors should evaluate their risk tolerance and financial goals to determine if the fund aligns with their investment strategy.
What are the risks associated with investing in ECF?
Investing in Ellsworth Growth and Income Fund Ltd involves several risks, including market risk, interest rate risk, and credit risk. As a closed-end fund, its share price may fluctuate based on market conditions and investor sentiment, which may not always reflect the underlying value of the fund's assets. Additionally, changes in interest rates can impact the value of fixed-income investments within the portfolio.
What does Ellsworth Growth and Income Fund Ltd (NYSE: ECF) do?
Ellsworth Growth and Income Fund Ltd is a closed-end fund that primarily focuses on investing in a diversified portfolio of equity and debt securities. The fund aims to provide growth and income by investing in a combination of stocks, bonds, and other financial instruments, with a particular emphasis on small-cap and mid-cap companies. Its investment strategy seeks to achieve a balance between capital appreciation and current income for shareholders.
What is the average holding period for investments in ECF?
The average holding period for investments in Ellsworth Growth and Income Fund Ltd varies based on market conditions and the fund's investment strategy. As a closed-end fund focusing on growth and income, it may hold investments for both the short and long term, depending on individual asset performance and opportunities that align with its objectives. This flexibility allows the fund to react strategically to market changes.
What is the distribution policy of ECF?
Ellsworth Growth and Income Fund Ltd follows a distribution policy that aims to provide regular cash distributions to its shareholders through dividends. The fund is committed to distributing a significant portion of its income generated from investments, subject to the availability of funds. This policy reflects the fund's goal of providing income while also pursuing capital appreciation.
What is the expense ratio of ECF?
The expense ratio of Ellsworth Growth and Income Fund Ltd provides insight into the costs associated with managing the fund. As an important consideration for investors, the expense ratio includes management fees, administrative costs, and other operational expenses relative to the fund's average net assets. For the most current expense ratio, investors should consult the fund's official documentation or financial statements.
What is the historical performance trend of ECF?
The historical performance trend of Ellsworth Growth and Income Fund Ltd illustrates its ability to provide investor returns through a combination of capital gains and income. Over the years, the fund has experienced various market conditions, which have influenced its returns. By analyzing historical performance data, investors can gain insights into how effectively the fund has met its investment objectives in both bull and bear markets.
What is the investment objective of ECF?
The primary investment objective of Ellsworth Growth and Income Fund Ltd is to provide a combination of capital appreciation and income generation for its shareholders. The fund aims to achieve this objective through a diversified investment strategy, focusing on equity and debt securities that yield growth potential, while also providing a stable income stream.
What is the significance of ECF's closed-end fund structure?
The closed-end fund structure of Ellsworth Growth and Income Fund Ltd means that it issues a fixed number of shares through an initial public offering and then trades on the stock exchange. This structure allows ECF to manage its investments without the pressure of daily capital inflows and outflows, unlike open-end funds. Investors may buy or sell shares on the secondary market, which can result in the shares trading at a discount or premium to the net asset value (NAV).
What metrics are used to evaluate ECF's performance?
To evaluate the performance of Ellsworth Growth and Income Fund Ltd, investors typically consider several key metrics, such as total return, dividend yield, expense ratio, and Sharpe ratio. Total return accounts for capital gains and income, while dividend yield assesses income relative to share price. Expense ratio reveals cost efficiency, and Sharpe ratio measures risk-adjusted return, providing a comprehensive view of the fund’s performance.
What types of investments does ECF make?
ECF invests in a mix of equity and debt securities, focusing on small-cap and mid-cap stocks as well as fixed-income investments. The fund emphasizes investing in companies with growth potential, while also maintaining a portion of its portfolio in income-generating assets. This diversified investment strategy is designed to reduce risk and enhance returns for investors.
When was Ellsworth Growth and Income Fund Ltd established?
Ellsworth Growth and Income Fund Ltd was established in 1987. Since its inception, the fund has aimed to provide investors with competitive returns through a carefully managed investment strategy, reflecting the changing dynamics of the market and adapting its portfolio to seek optimal opportunities for growth and income.
Where can I find more information about ECF?
More information about Ellsworth Growth and Income Fund Ltd can be found on the fund's official website, which provides details about its investment strategy, performance, and shareholder reports. Additionally, financial news websites and investment platforms offer insights and updates regarding market performance and fund-specific data. Investors may also refer to regulatory filings available through the Securities and Exchange Commission (SEC).
Who manages the Ellsworth Growth and Income Fund Ltd?
The management of Ellsworth Growth and Income Fund Ltd is handled by a team of experienced investment professionals at Ellsworth Advisors, LLC. They are responsible for researching, selecting, and managing the fund’s investments in a way that aligns with its objectives of growth and income, ensuring that the fund adapts to market conditions and opportunities effectively.
Who qualifies as an accredited investor for ECF?
An accredited investor for Ellsworth Growth and Income Fund Ltd is typically defined by the Securities and Exchange Commission (SEC) regulations. Generally, this includes individuals with a net worth exceeding $1 million (excluding primary residence) or those with an annual income of $200,000 (or $300,000 jointly with a spouse) in the past two years. However, the fund is open to all types of investors, not solely accredited individuals.
What is the current price of Ellsworth Growth and Income Fund Ltd?
The current price of Ellsworth Growth and Income Fund Ltd is 8.890
When was Ellsworth Growth and Income Fund Ltd last traded?
The last trade of Ellsworth Growth and Income Fund Ltd was at 4:10 pm EDT on April 3rd, 2025