Keeley
Gabelli
SMID
Cap
Value
Fund
Schedule
of
Investments—June
30,
2026
(Unaudited)
1
Shares
Market
Value
COMMON
STOCKS
 —
99.3%
Automotive
 —
1.5%
6,073‌
Aptiv
plc†
..............................................................
$
372,761‌
Banking
 —
4.6%
12,898‌
Columbia
Banking
System
Inc.
..........................
413,381‌
6,389‌
NCR
Atleos
Corp.†
...............................................
277,347‌
2,560‌
Wintrust
Financial
Corp.
.....................................
411,443‌
1,102,171‌
Broadcasting
 —
1.5%
1,175‌
Nexstar
Media
Group
Inc.
..................................
209,843‌
4,199‌
Versant
Media
Group
Inc.
...................................
151,206‌
361,049‌
Building
and
Construction
 —
6.7%
5,699‌
Amrize
Ltd.
...........................................................
303,757‌
1,900‌
Everus
Construction
Group
Inc.†
......................
315,305‌
5,761‌
Fluor
Corp.†
..........................................................
301,819‌
5,789‌
Fortune
Brands
Innovations
Inc.
........................
317,816‌
4,453‌
Knife
River
Corp.†
...............................................
372,493‌
1,611,190‌
Business
Services
 —
2.2%
8,715‌
Vontier
Corp.
........................................................
252,735‌
2,027‌
WEX
Inc.†
..............................................................
285,989‌
538,724‌
Computer
Software
and
Services
 —
4.1%
50,620‌
Alight
Inc.,
Cl. A
...................................................
28,347‌
16,283‌
Amentum
Holdings
Inc.†
...................................
336,570‌
25,675‌
NCR
Voyix
Corp.†
...............................................
209,765‌
1,550‌
TD
SYNNEX
Corp.
..............................................
414,377‌
989,059‌
Consumer
Products
 —
8.8%
5,138‌
Brunswick
Corp.
...................................................
432,825‌
3,640‌
Hasbro
Inc.
............................................................
300,627‌
3,914‌
Kontoor
Brands
Inc.
.............................................
326,193‌
3,603‌
PVH
Corp.
.............................................................
267,559‌
6,748‌
Spectrum
Brands
Holdings
Inc.
.........................
578,641‌
5,189‌
Versigent
plc†
.......................................................
217,990‌
2,123,835‌
Consumer
Services
 —
0.7%
1,180‌
Fedex
Freight
Holding
Co.
Inc.†
........................
178,180‌
Containers
and
Packaging
 —
1.4%
72,821‌
Ardagh
Metal
Packaging
SA
..............................
345,172‌
Diversified
Industrial
 —
8.5%
1,201‌
Crane
Co.
...............................................................
267,907‌
8,011‌
Crane
NXT
Co.
.....................................................
409,843‌
3,057‌
Esab
Corp.
.............................................................
301,512‌
8,488‌
GXO
Logistics
Inc.†
..............................................
430,342‌
1,115‌
ITT
Inc.
...................................................................
220,502‌
2,472‌
nVent
Electric
plc
..................................................
419,276‌
2,049,382‌
Electronics
 —
2.5%
8,105‌
Ralliant
Corp.
........................................................
596,771‌
Energy
and
Utilities
 —
13.8%
59,896‌
Algonquin
Power
&
Utilities
Corp.
...................
350,991‌
1,820‌
Chord
Energy
Corp.
............................................
208,026‌
4,701‌
Evergy
Inc.
.............................................................
406,307‌
2,597‌
Expand
Energy
Corp.
..........................................
236,820‌
Shares
Market
Value
4,721‌
International
Seaways
Inc.
..................................
$
361,581‌
18,680‌
MDU
Resources
Group
Inc.
................................
396,203‌
3,133‌
NRG
Energy
Inc.
..................................................
457,606‌
20,210‌
Sable
Offshore
Corp.†
..........................................
62,247‌
4,404‌
Southwest
Gas
Holdings
Inc.
.............................
390,547‌
7,077‌
TechnipFMC
plc
...................................................
469,205‌
3,339,533‌
Entertainment
 —
2.1%
5,271‌
Atlanta
Braves
Holdings
Inc.,
Cl. C†
.................
273,565‌
9,182‌
Seaport
Entertainment
Group
Inc.†
...................
244,241‌
517,806‌
Financial
Services
 —
11.9%
6,979‌
Enact
Holdings
Inc.
..............................................
319,010‌
8,911‌
Equitable
Holdings
Inc.
.......................................
391,015‌
6,629‌
Firstsun
Capital
Bancorp†
...................................
257,072‌
3,590‌
Pinnacle
Financial
Partners
Inc.
.........................
362,159‌
3,098‌
Popular
Inc.
...........................................................
508,630‌
3,360‌
SouthState
Bank
Corp.
.........................................
335,664‌
7,292‌
Virtu
Financial
Inc.,
Cl. A
....................................
434,384‌
2,805‌
Voya
Financial
Inc.
...............................................
253,937‌
2,861,871‌
Food
and
Beverage
 —
1.9%
4,050‌
Lamb
Weston
Holdings
Inc.
...............................
174,879‌
7,217‌
Molson
Coors
Beverage
Co.,
Cl. B
.....................
281,174‌
456,053‌
Health
Care
 —
8.5%
14,252‌
Concentra
Group
Holdings
Parent
Inc.
............
423,997‌
9,049‌
Enovis
Corp.†
.......................................................
187,314‌
783‌
GRAIL
Inc.†
..........................................................
53,456‌
547‌
Labcorp
Holdings
Inc.
.........................................
153,160‌
17,284‌
Perrigo
Co.
plc
......................................................
179,581‌
5,069‌
Solventum
Corp.†
................................................
391,073‌
1,925‌
The
Ensign
Group
Inc.
.........................................
308,578‌
9,692‌
The
Pennant
Group
Inc.†
....................................
358,119‌
2,055,278‌
Hotels
and
Gaming
 —
0.9%
2,613‌
Wyndham
Hotels
&
Resorts
Inc.
.......................
220,041‌
Metals
and
Mining
 —
3.2%
1,846‌
Kaiser
Aluminum
Corp.
......................................
361,133‌
12,753‌
OR
Royalties
Inc.
..................................................
403,377‌
764,510‌
Real
Estate
 —
10.6%
10,782‌
CareTrust
REIT
Inc.
.............................................
435,054‌
5,330‌
Gaming
and
Leisure
Properties
Inc.,
REIT
.......
237,345‌
2,250‌
Lamar
Advertising
Co.,
Cl. A,
REIT
..................
350,955‌
13,385‌
Millrose
Properties
Inc.,
REIT
............................
402,219‌
16,394‌
Outfront
Media
Inc.,
REIT
..................................
537,067‌
8,132‌
Sila
Realty
Trust
Inc.,
REIT
.................................
246,887‌
14,297‌
Strawberry
Fields
REIT
Inc.
................................
196,584‌
5,787‌
VICI
Properties
Inc.,
REIT
...................................
153,645‌
2,559,756‌
Retail
 —
2.1%
8,880‌
Bath
&
Body
Works
Inc.
......................................
205,394‌
3,724‌
Victoria's
Secret
&
Co.†
.......................................
310,880‌
516,274‌
Keeley
Gabelli
SMID
Cap
Value
Fund
Schedule
of
Investments
(Continued)—June
30,
2026
(Unaudited)
2
__________
Shares
Market
Value
COMMON
STOCKS
(Continued)
Specialty
Chemicals
 —
1.8%
4,762‌
Solstice
Advanced
Materials
Inc.
.......................
$
421,913‌
TOTAL
COMMON
STOCKS
...........................
23,981,329‌
WARRANTS
 —
0.0%
Energy
and
Utilities
 —
0.0%
7,970‌
Electriq
Power
Holdings
Inc.,
expire
07/31/28†(a)
........................................................
0‌
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
 —
0.7%
$
160,000‌
U.S.
Treasury
Bill,
3.646%††,
09/10/26
............................................
158,853‌
TOTAL
INVESTMENTS
100.0%
(Cost
$15,026,970)
.............................................
$
24,140,182‌
(a)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
Non-income
producing
security.
††
Represents
annualized
yield
at
date
of
purchase.
REIT
Real
Estate
Investment
Trust