Gabelli Investment Management Firm recently released its "Dividend Growth Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund faced a second quarter in which a dramatic stock-market rebound was led by semiconductor and industrial shares, while the Fund's more defensive positioning and limited exposure to the strongest AI hardware names constrained its relative performance. Class I shares gained 5.35% in Q2, compared with a 9.99% return for the Lipper Large Cap Value Fund Average, while the Fund's one-year return stood at 18.68% versus 22.52% for the benchmark.
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