Investments in small and mid sized market capitalization companies that the adviser believes are undervalued.
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The Fund intends to pursue its investment objective by investing in equity securities of companies with small or mid-sized market capitalizations. Under normal market conditions, the Fund will invest no less than 80% of its net assets in common stocks and other equity type securities (including preferred stock, convertible debt securities and warrants) of “small cap” or “mid cap” companies, which the Adviser currently defines as securities within the range of the Russell 2500® Value Index at the time of investment.
The KEELEY Small-Mid Cap Value Fund seeks capital appreciation.
The adviser applies a fundamental, bottom-up stock selection process. Most research is internal, focusing on companies in unique and transformative situations that Wall Street has not identified and capitalized upon. Potential investments generally fall under four major themes: 1) Ownership Changes, 2) Operating Changes, 3) Balance Sheet / Capital Restructurings and 4) Marketplace Shifts. Focus on change and restructuring provides a competitive advantage to identify inefficiencies in the marketplace before other investors.
Mr. Browne joined Gabelli in May 2025 upon the acquisition of former affiliate Keeley Teton by Gabelli. Prior to that date, Mr. Browne served as a Portfolio Manager for Keeley Teton Advisors and its predecessor Keeley Asset Management Corp. (“KAMCO”). He has been a manager of the Small Cap Dividend Value and Mid-Cap Dividend Value… More
Mr. Leonard joined Gabelli in May 2025 following the acquisition of former affiliate Keeley Teton by Gabelli. Prior to that, he served as a Portfolio Manager for Keeley Teton Advisors and its predecessor, Keeley Asset Management Corp. (“KAMCO”). He has managed the Small Cap Dividend Value and Mid-Cap Dividend Value strategies since their inception in… More
Supported by a centralized team of 30+ sector-focused analysts supporting Growth and Value portfolios
A graphical measurement of a portfolio’s net return that simulates the performance of an initial investment of $10,000 over the given time period.
Returns represent past performance and do not guarantee future results. Due to market volatility, current performance may be lower or higher than the performance data quoted. Total return and average annual returns are historical and reflect changes in share price, reinvestment of dividends and capital gains and are net of expenses. Investment return and principal value will fluctuate so, upon redemption, shares may be worth more or less than their original cost. To obtain the most recent month end performance information and a prospectus, please call 800-GABELLI or visit www.gabelli.com.
| Symbol | Company | Sector | Portfolio |
|---|---|---|---|
| NRG | NRG ENERGY INC | Energy and Utilities | 3.12 |
| ECG | EVERUS CONSTRUCTION GROUP INC | Building and Construction | 2.61 |
| FTI | TECHNIPFMC PLC | Energy and Utilities | 2.16 |
| EQH | EQUITABLE HOLDINGS INC | Financial Services | 1.98 |
| AMTM | AMENTUM HOLDINGS INC | Computer Software and Services | 1.93 |
| GXO | GXO LOGISTICS INC | Diversified Industrial | 1.92 |
| KALU | KAISER ALUMINUM CORP | Metals and Mining | 1.87 |
| ENSG | ENSIGN GROUP INC/THE | Health Care | 1.86 |
| GTLS | CHART INDUSTRIES INC | Diversified Industrial | 1.82 |
| OR | OR ROYALTIES INC | Metals and Mining | 1.79 |
Gross Expense Ratio
1.92%
Net Expense Ratio
1.51%
Maximum Sales Charge
4.50%
The top ten holdings and sectors listed are not necessarily representative of the entire portfolio and are subject to change. The most recent semiannual report, which contains a more extensive list of holdings, is available from your financial adviser or by contacting the distributor, G. distributors, LLC.
The Fund’s share price will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.
Standard deviation is a statistical measure of the volatility of a fund’s returns. Beta measures a fund’s risk relative to its benchmark which, by definition, has a beta of 1.00. If a fund’s beta is less than 1.00, the fund is considered less risky than the market. Alpha is a measure of a fund’s actual returns and expected performance, given its level of risk (as measured by beta). Upside/downside capture ratio show you whether a given fund has outperformed, gained more or less than, a broad market benchmark during periods of market strength and weakness, and if so, by how much. R-squared is a statistic that indicates how much of a fund’s fluctuations were attributable to movements of the fund’s benchmark index.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus, which contains more complete information about these and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
Returns represent past performance and do not guarantee future results. Due to market volatility, current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so, upon redemption, shares may be worth more or less than their original cost. To obtain the most recent month end performance information and a prospectus, please call 800-GABELLI or visit www.gabelli.com.
The inception date of the Fund was August 15, 2007. Smaller and medium-sized company stocks are more volatile and less liquid than larger, more established company securities. Dividend paying investments may not experience the same price appreciation as non-dividend paying investments. Dividend paying stocks do not assure a profit or guarantee against a loss. Companies may choose to stop paying dividends at their own discretion. Portfolio companies may choose not to pay a dividend or it may be less than anticipated. The Russell 2500® Value Index is an unmanaged index that measures the performance of the small to mid-cap value segment of the U.S. equity universe and includes those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2500® Index is an unmanaged index that measures the performance of the 2,500 smallest companies by market capitalization of the Russell 3000® Index.
Not FDIC Insured. Not Bank Guaranteed. May Lose Value.
The Gabelli Mutual Funds are distributed by G.Distributors, LLC., a registered broker-dealer and member of FINRA.
