ECF Profile
Ellsworth Growth and Income Fund Ltd., a closed-ended equity mutual fund launched by GAMCO Investors, Inc., operates under the management of Gabelli Funds, LLC. This fund is specifically designed to capitalize on opportunities in the public equity markets, focusing primarily on convertible securities. These securities offer investors the potential for capital appreciation along with income generation, providing a balanced approach to portfolio growth.
The fund's investment strategy extends across various market capitalizations, targeting stocks of companies with promising growth prospects. It benchmarks its performance against prominent 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, ensuring rigorous evaluation and comparison within the investment landscape.
Formerly known as Ellsworth Fund Ltd., Ellsworth Growth and Income Fund Ltd. was established on June 27, 1986, and is domiciled in the United States. With a longstanding presence in the financial markets, the fund leverages its extensive experience and strategic insights to navigate dynamic market conditions and deliver competitive returns to its investors.
Driven by a commitment to prudent investment practices and a disciplined approach to portfolio management, Ellsworth Growth and Income Fund Ltd. continues to play a pivotal role in the investment landscape, offering investors a vehicle to participate in the potential growth and income opportunities available in the evolving global markets.
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