# EDGAR Filing Document

**Accession Number:** 0000009521
**File Stem:** 0001752724-25-212293
**Filing Date:** 2025-8
**Character Count:** 33353
**Document Hash:** 5b4aca65ca3c3f94591212b7a65741e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212293.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212293

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANCROFT FUND LTD
- **CENTRAL INDEX KEY:** 0000009521

**ORGANIZATION NAME:**
- **EIN:** 042476994
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02151
- **FILM NUMBER:** 251276880

**BUSINESS ADDRESS:**
- **STREET 1:** 65 MADISON AVENUE
- **STREET 2:** SUITE 550
- **CITY:** MORRISTOWN
- **STATE:** NJ
- **ZIP:** 07960
- **BUSINESS PHONE:** (973) 631-1177

**MAIL ADDRESS:**
- **STREET 1:** 65 MADISON AVENUE
- **STREET 2:** SUITE 550
- **CITY:** MORRISTOWN
- **STATE:** NJ
- **ZIP:** 07960

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANCROFT CONVERTIBLE FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Bancroft Fund Ltd

- **b. Investment Company Act file number:** 811-02151

- **c. CIK number of Registrant:** 0000009521

- **d. LEI of Registrant:** 5493000X4Y1FB4G26P45

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Corporate Center

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580-1422

  - **Telephone number:** 1-800-422-3554

**Item A.2. Information about the Series.**

- **a. Name of Series:** Bancroft Fund Ltd

- **c. LEI of Series:** 5493000X4Y1FB4G26P45

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $152626417.88

**Total Liabilities:** $28181656.55

**Net Assets:** $124444761.33

**Cash Not Reported:** $33412.02

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 128.44896000 | **1-Year:** 1228.26292000 | **5-Year:** 154.76110000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 500.35236000 | **1-Year:** 8174.75066000 | **5-Year:** 2544.31043000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -3.39%               | 6.24%                | 7.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1122395.04             | $367326.54                                 |
| Month 2  | $466656.53               | $5755176.53                                |
| Month 3  | $612315.64               | $7319212.91                                |

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PAGAYA TECHNOLOGIES LTD                   | Pagaya Technologies Ltd                   | CUSIP: 69549FAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | IL        |   1100000 | PA      | $1953050.00   | 1.57%             | 2029-10-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| SOFI TECHNOLOGIES INC                     | SoFi Technologies Inc                     | CUSIP: 83406FAC6<br>LEI: 549300SW81JCMVZDDY09 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $3058350.00   | 2.46%             | 2029-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| RIOT PLATFORMS INC                        | Riot Platforms Inc                        | CUSIP: 767292AA3<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1196000.00   | 0.96%             | 2030-01-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| PAR TECHNOLOGY CORP                       | PAR Technology Corp                       | CUSIP: 698884AG8<br>LEI: 549300HYPTHBJQINVG57 | Long             | DBT              | CORP              | US        |    840000 | PA      | $841575.00    | 0.68%             | 2030-01-15      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| VERTEX INC                                | Vertex Inc                                | CUSIP: 92538JAB2<br>LEI: 549300QMYW171MP1PL50 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2401035.66   | 1.93%             | 2029-05-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CLEANSPARK INC                            | Cleanspark Inc                            | CUSIP: 18452BAA8<br>LEI: 254900VO7KBRJQDGY810 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2459154.63   | 1.98%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS SOFTWARE CORP                    | Progress Software Corp                    | CUSIP: 743312AD2<br>LEI: 549300R65B3JG6972S24 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2903750.00   | 2.33%             | 2030-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                     | Alibaba Group Holding Ltd                 | CUSIP: 01609WBG6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   2300000 | PA      | $2941295.71   | 2.36%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| SNOWFLAKE INC                             | Snowflake Inc                             | CUSIP: 833445AC3<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |    900000 | PA      | $1402087.50   | 1.13%             | 2029-10-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| LUMENTUM HOLDINGS INC                     | Lumentum Holdings Inc                     | CUSIP: 55024UAH2<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $3072000.00   | 2.47%             | 2029-12-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MKS INC                                   | MKS Inc                                   | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2476250.00   | 1.99%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                             | United States Treasury Bill               | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    385000 | PA      | $382047.40    | 0.31%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REDWOOD TRUST INC                         | Redwood Trust Inc                         | CUSIP: 758075AF2<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990486.88    | 0.80%             | 2027-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INVACARE CORP SR GLBL COCO 26             | INVACARE CORP SR GLBL COCO 26             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12938 | NS      | $0.13         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ARRAY TECHNOLOGIES INC                    | Array Technologies Inc                    | CUSIP: 04271TAB6<br>LEI: 549300JM5FECYJQ85V37 | Long             | DBT              | CORP              | US        |   3188000 | PA      | $2536664.15   | 2.04%             | 2028-12-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AMERIVON HOLDINGS LLC - PRIVATE PLACEMENT | AMERIVON HOLDINGS LLC - PRIVATE PLACEMENT | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    809253 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AKAMAI TECHNOLOGIES INC                   | Akamai Technologies Inc                   | CUSIP: 00971TAP6<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2075000.00   | 1.67%             | 2033-05-15      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                             | United States Treasury Bill               | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    225000 | PA      | $223092.00    | 0.18%             | 2025-09-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| APPLIED DIGITAL CORP                      | Applied Digital Corp                      | CUSIP: 038169AA6<br>LEI: 2549004NE2B6RYXINZ02 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1626948.80   | 1.31%             | 2030-06-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY INC                        | NextEra Energy Inc                        | CUSIP: 65339F119<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     44000 | NS      | $1947000.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                             | United States Treasury Bill               | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     90000 | PA      | $89607.62     | 0.07%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                          | FirstEnergy Corp                          | CUSIP: 337932AU1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    900000 | PA      | $912600.00    | 0.73%             | 2031-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BOX INC                                   | Box Inc                                   | CUSIP: 10316TAC8<br>LEI: 549300KQUCPD8687YS68 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2065000.00   | 1.66%             | 2029-09-15      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| TXNM ENERGY INC                           | TXNM Energy Inc                           | CUSIP: 69349HAF4<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2601244.00   | 2.09%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSG SYSTEMS INTERNATIONA                  | CSG Systems International Inc             | CUSIP: 126349AH2<br>LEI: 549300D7FJZUOHHXUA81 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3394500.00   | 2.73%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AKAMAI TECHNOLOGIES INC                   | Akamai Technologies Inc                   | CUSIP: 00971TAN1<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2735562.50   | 2.20%             | 2029-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| ITRACHEALTH CORP 8.00 6/30/27 CVT(PP)     | ITRACHEALTH CORP 8.00 6/30/27 CVT(PP)     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.80%             | 2027-06-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OSI SYSTEMS INC                           | OSI Systems Inc                           | CUSIP: 671044AE5<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $2378250.00   | 1.91%             | 2029-08-01      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING INC                   | PPL Capital Funding Inc                   | CUSIP: 69352PAS2<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3247658.19   | 2.61%             | 2028-03-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| EVOLENT HEALTH INC                        | Evolent Health Inc                        | CUSIP: 30050BAH4<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $2795715.02   | 2.25%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                     | Nabors Industries Inc                     | CUSIP: 62957HAL9<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $3031875.00   | 2.44%             | 2029-06-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                      | Chart Industries Inc                      | CUSIP: 16115Q407<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EP               | CORP              | US        |     33600 | NS      | $2029440.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PURECYCLE TECHNOLOGIES                    | PureCycle Technologies Inc                | CUSIP: 74623VAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1258000.00   | 1.01%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                   | Digital Realty Trust LP                   | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3161700.00   | 2.54%             | 2029-11-15      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| EXACT SCIENCES CORP                       | Exact Sciences Corp                       | CUSIP: 30063PAD7<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2283750.00   | 1.84%             | 2030-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PACIRA BIOSCIENCES INC                    | Pacira BioSciences Inc                    | CUSIP: 695127AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1226509.75   | 0.99%             | 2029-05-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| VERITONE INC                              | Veritone Inc                              | CUSIP: 92347MAB6<br>LEI: 549300XTAS2FCSL4EL89 | Long             | DBT              | CORP              | US        |   4156000 | PA      | $1745520.00   | 1.40%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FLUOR CORP                                | Fluor Corp                                | CUSIP: 343412AJ1<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2626500.00   | 2.11%             | 2029-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| TRANSMEDICS GROUP INC                     | TransMedics Group Inc                     | CUSIP: 89377MAB5<br>LEI: 549300060GVOSMWARH50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1605838.12   | 1.29%             | 2028-06-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                              | KKR & Co Inc                              | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |     18000 | NS      | $964800.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN OIL & GAS INC                    | Northern Oil & Gas Inc                    | CUSIP: 665531AJ8<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3661875.00   | 2.94%             | 2029-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BRIGHTSPRING HEALTH SERV                  | BrightSpring Health Services Inc          | CUSIP: 10950A205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     30000 | NS      | $2476500.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDLYTICS INC                            | Cardlytics Inc                            | CUSIP: 14161WAD7<br>LEI: 549300JETJBH94EIPC66 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $1751962.50   | 1.41%             | 2029-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CYBERARK SOFTWARE LTD                     | CyberArk Software Ltd                     | CUSIP: 23248VAC9<br>LEI: 529900YEXNDM894PWS93 | Long             | DBT              | CORP              | IL        |    900000 | PA      | $927000.00    | 0.74%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                  | Live Nation Entertainment Inc             | CUSIP: 538034BB4<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1744000.00   | 1.40%             | 2030-01-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                             | United States Treasury Bill               | CUSIP: 912797PY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2740000 | PA      | $2712538.95   | 2.18%             | 2025-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS INC                       | Shift4 Payments Inc                       | CUSIP: 82452J307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     10600 | NS      | $1221120.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP                      | Ares Management Corp                      | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |     47000 | NS      | $2491000.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HP ENTERPRISE CO                          | Hewlett Packard Enterprise Co             | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |     57000 | NS      | $3356160.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ENOVIX CORP                               | Enovix Corp                               | CUSIP: 293594AC1<br>LEI: 549300EC7NZGWORHYJ53 | Long             | DBT              | CORP              | US        |    750000 | PA      | $726750.00    | 0.58%             | 2028-05-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| REDFIN CORP                               | Redfin Corp                               | CUSIP: 75737FAE8<br>LEI: 549300HXWD3JEMZU3O57 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2707796.04   | 2.18%             | 2027-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ARRAY TECHNOLOGIES INC                    | Array Technologies Inc                    | CUSIP: 04271TAC4<br>LEI: 549300JM5FECYJQ85V37 | Long             | DBT              | CORP              | US        |    800000 | PA      | $793435.82    | 0.64%             | 2031-07-01      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC                      | Bridgebio Pharma Inc                      | CUSIP: 10806XAH5<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2629125.00   | 2.11%             | 2031-03-01      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                      | WEC Energy Group Inc                      | CUSIP: 92939UAR7<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2833425.00   | 2.28%             | 2029-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                       | Coinbase Global Inc                       | CUSIP: 19260QAF4<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $2096800.00   | 1.68%             | 2030-04-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| INDIE SEMICONDUCTOR INC                   | indie Semiconductor Inc                   | CUSIP: 45569UAC5<br>LEI: 254900L1MFXFYGB1PV53 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2752500.00   | 2.21%             | 2029-12-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| MP MATERIALS CORP                         | MP Materials Corp                         | CUSIP: 553368AC5<br>LEI: 89450063PHPS61USMT84 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $3731325.00   | 3.00%             | 2030-03-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| CMS ENERGY CORP                           | CMS Energy Corp                           | CUSIP: 125896BX7<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2131000.00   | 1.71%             | 2028-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ODDITY FINANCE LLC                        | Oddity Finance LLC                        | CUSIP: 67579RAA8<br>LEI: 254900FTSJH2TRDJ3905 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1630596.06   | 1.31%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| INVACARE CORP                             | INVACARE CORP                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    940000 | PA      | $0.09         | 0.00%             | 2028-05-08      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| BLOOM ENERGY CORP                         | Bloom Energy Corp                         | CUSIP: 093712AK3<br>LEI: 549300XB5J9BFW5JXV97 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $3851900.00   | 3.10%             | 2028-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RIVIAN AUTO INC                           | Rivian Automotive Inc                     | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019375.00   | 0.82%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MAKEMYTRIP LIMITED                        | MakeMyTrip Ltd                            | CUSIP: 56087FAC8<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | DBT              | CORP              | MU        |    550000 | PA      | $587535.15    | 0.47%             | 2030-07-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| JAZZ INVESTMENTS I LTD                    | Jazz Investments I Ltd                    | CUSIP: 472145AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2150000 | PA      | $2289750.00   | 1.84%             | 2030-09-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| ANI PHARMACEUTICALS INC                   | ANI Pharmaceuticals Inc                   | CUSIP: 00182CAB9<br>LEI: 5493000T6CXTND40YH31 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2269065.58   | 1.82%             | 2029-09-01      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| INTEGER HOLDINGS CORP                     | Integer Holdings Corp                     | CUSIP: 45826HAC3<br>LEI: 549300SUD2ED5XG6X569 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2505600.00   | 2.01%             | 2030-03-15      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| PARSONS CORP                              | Parsons Corp                              | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3738000.00   | 3.00%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| INVACARE HOLDINGS CORP                    | Invacare Holdings Corp                    | CUSIP: 46124A309<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     28911 | NS      | $173466.00    | 0.14%             |  |  |  | No            |                  3 | On Loan: No      |
| BITDEER TECHNOLOGIES GRP                  | Bitdeer Technologies Group                | CUSIP: 09175RAD2<br>LEI: 2549007M2KGWVJ9XFP20 | Long             | DBT              | CORP              | KY        |    375000 | PA      | $362625.00    | 0.29%             | 2031-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SAREPTA THERAPEUTICS INC                  | Sarepta Therapeutics Inc                  | CUSIP: 803607AD2<br>LEI: 549300IKDPIED8J8IG21 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $2456500.00   | 1.97%             | 2027-09-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                             | Boeing Co/The                             | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     25050 | NS      | $1703400.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS                   | Alnylam Pharmaceuticals Inc               | CUSIP: 02043QAB3<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1301500.00   | 1.05%             | 2027-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AMERIVON HOLDINGS LLC - PRIVATE PLACEMENT | AMERIVON HOLDINGS LLC - PRIVATE PLACEMENT | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    272728 | NS      | $2.73         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GALAXY DIGITAL HOLDIN LP                  | Galaxy Digital Holdings LP                | CUSIP: 36317GAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $2460004.90   | 1.98%             | 2029-12-01      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                  | Microchip Technology Inc                  | CUSIP: 595017302<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EP               | CORP              | US        |     41500 | NS      | $2765560.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC                            | Cloudflare Inc                            | CUSIP: 18915MAE7<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |    380000 | PA      | $410970.00    | 0.33%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                     | Uber Technologies Inc                     | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $3063410.00   | 2.46%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| NUTANIX INC                               | Nutanix Inc                               | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $2157819.99   | 1.73%             | 2029-12-15      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| MIRION TECHNOLOGIES INC                   | Mirion Technologies Inc                   | CUSIP: 60471AAA9<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | DBT              | CORP              | US        |    700000 | PA      | $808850.00    | 0.65%             | 2030-06-01      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Bancroft Fund Ltd

**Signature:** John C. Ball

**Name of Signer:** John C. Ball

**Title:** Treasurer