The Fund’s exposure in Technology was the leading driver of relative outperformance this quarter and another strong contributor came from this sector. Computer Sciences Corporation (NYSE:CSC) rose over 44% and contributed 55 basis points in performance. The company’s shares rallied substantially in May after the company announced it would be combining with Hewlett Packard Enterprise (NYSE:HPE)'s Enterprise Services division. This business is very similar to CSC, which should allow management to achieve its projected $1 billion synergy target and make the deal highly accretive.
From Keeley Funds' Keeley Mid Cap Dividend Value Fund second quarter 2016 commentary.
