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Keeley Gabelli Small Cap Dividend Fund Q2 2026 Commentary

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Portfolio Observations

In the second quarter, the Keeley Gabelli Small Cap Dividend Fund rose 11.5%, trailing the 17.2% gain in its benchmark, the Russell 2000 Value Index. As always, we disaggregate relative performance into three factors: dividend vs. non-dividend, sector allocation, and stock selection. It

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