The second best performer was American Water Works Co. (NYSE:AWK) which climbed over 13 percent and added 23 basis points of performance to the Fund. The stock was clearly helped by being in the right sector, as all investors flocked toward defensive names during the quarter. American Water Works was specifically helped by a slightly better than expected earnings announcement buoyed by better cost controls and margin improvement.
From the Keeley Mid-Cap Dividend Value Fund commentary on third quarter 2015.
