ETF Evaluator:
Keeley Dividend ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Blend Over the Last Year
| 58.8% | Castellan Targeted Equity ETF (CTEF) |
| 53.8% | Invesco S&P Spin-Off ETF (CSD) |
| 43.0% | Counterpoint Quantitative Equity ETF (CPAI) |
| 40.8% | Optimize Strategy Index ETF (OPTZ) |
| 37.3% | Tema U.S. Manufacturing & Reshoring ETF (WELD) |
Risk
Index
Risk
Index
ETF Details
Keeley Dividend ETF Overview
Keeley Dividend ETF (KDVD) is an actively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). Gabelli launched the ETF in 2025.
The investment seeks capital appreciation and current income.
The fund is an actively managed exchange-traded fund (“ETF”). The fund seeks to achieve its investment objective by investing, as a principal strategy, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks and other equity-type securities (such as preferred stock, convertible debt securities and warrants) of dividend-paying companies.
About Keeley Dividend ETF (KDVD)
There are 2 members of the management team with an average tenure of 0.65 years: Thomas Browne (2025) and Brian Leonard (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Keeley Dividend ETF has 70 securities in its portfolio. The top 10 holdings constitute 24.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Keeley Dividend ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Keeley Dividend ETF has 6.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.1% There is 6.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Keeley Dividend ETF has 8.4% of the portfolio in cash.
Assets Under Management
The fund has $8 million in total assets, which is below the $4 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
KDVD Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Keeley Dividend ETF expense ratio is low compared to funds in the Mid-Cap Blend category. Keeley Dividend ETF has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Keeley Dividend ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 84% for the Mid-Cap Blend category.
Recently, in the month of July 2026, Keeley Dividend ETF returned 0.0%, which earned it a grade of B, as the Mid-Cap Blend category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Keeley Dividend ETF has a trailing yield of 0.00%, which is below the 0.85% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Keeley Dividend ETF Grades
Year to date, the ETF has returned 16.3%, 2.3 percentage points better than the category, which translates into a grade of B.
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Keeley Dividend ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
KDVD Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| KDVD Return (NAV) | 0.0% | 4.7% | na | na | na | na |
| KDVD Return (Price) | -0.5% | 5.8% | na | na | na | na |
| NAV +/- Price Return | 0.469% | -1.079% | na | na | na | na |
| Mid-Cap Blend Avg | -1.6% | 4.4% | 20.8% | 14.8% | 8.8% | 11.6% |
| KDVD Grade (NAV) | B | C | na | na | na | na |
| +/- Category (NAV) | 1.6% | 0.3% | na | na | na | na |
| KDVD Tax-Cost Ratio | na | na | na | na | na | na |
KDVD Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| KDVD Return (NAV) | 16.3% | na | na | na | na | na | na | na | na | na | na |
| KDVD Return (Price) | 15.4% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.055% | na | na | na | na | na | na | na | na | na | na |
| Mid-Cap Blend Avg | 14.0% | 10.6% | 16.1% | 16.9% | -14.4% | 23.3% | 15.6% | 27.4% | -9.1% | 19.1% | 14.8% |
| KDVD Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 2.3% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 8 Mil |
| Share Class Assets: | $ 8 Mil |
| Turnover: | na |
| Expense Ratio: | 0.00% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.7 years | |||
| Average Tenure: 0.7 years | |||
| Managers (Year): Browne Thomas (2025), Leonard Brian (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 70 |
| % in Top 10 Holdings: | 24.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.5% |
Portfolio Allocation |
|
| Domestic Stock: | 85.1% |
| Foreign Stock: | 6.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 8.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Gabelli |
| Phone Number: | 800-422-3554 |
| Website: | |
| Inception Date: | December 5, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.00% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.45% |
