Utilities was the Fund’s strongest performing sector and also held the Fund’s two leading contributors. The first, NRG Energy, Inc. (NYSE:NRG) rose over 15% and added 74 basis points in performance. NRG Energy engages in the production, sale, and distribution of energy and energy services in major competitive power markets. The stock price gained as independent power producer valuations were broadly re-rated higher following the announced acquisition of Talen Energy by Riverstone Holdings. Higher energy prices also provided earnings upside.
From Keeley Funds' All Cap Value Fund second quarter commentary.
