Keeley Dividend ETF (KDVD) is an actively managed, fully transparent exchange-traded fund that seeks long-term capital appreciation and current income through investments primarily in dividend-paying U.S. equities, with a focus on small- and mid-cap companies; it allocates at least 80% of its net assets to common stocks and equity-type securities such as preferred stock, convertible debt securities, and warrants of dividend payers; the portfolio spans the full dividend spectrum, including attractive payers with high reinvestment opportunities, solid-steady profiles, growers, and high-yielders, emphasizing fundamentals like cash-flow durability and dividend sustainability. KDVD employs a bottom-up, research-driven process supported by Gabelli Funds' team of over 50 sector specialists.
The ETF is managed by portfolio managers Thomas E. Browne, Jr., CFA, and Brian P. Leonard, CFA, based in Chicago, who have co-managed dividend strategies for over 16 years.
Launched by Gabelli Funds, LLC on the NYSE Arca exchange in December 2025, KDVD represents the latest addition to Gabelli's suite of actively managed ETFs and stems from the May 2025 acquisition of Keeley-Teton Advisors by Gabelli Funds, integrating Keeley's dividend expertise with Gabelli's research platform; this strategic integration has enabled collaborative portfolio management and enhanced idea generation; Gabelli waived the 0.90% management fee for the first year post-launch to underscore commitment to the strategy.
Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., serves as the investment adviser, with the ETF headquartered in Rye, New York, and targeting dividend-oriented investors seeking exposure to undervalued SMID-cap U.S. equities across diversified sectors.