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The Gabelli International Small Cap Fund’s Q2 2026 Investor Letter

Gabelli Investment Management Firm recently released its "International Small Cap Fund” second-quarter 2026 investor letter. The Fund faced a challenging investment environment in the second quarter of 2026, as its Class I shares declined 2.15%, compared with a 9.24% gain for the MSCI EAFE Small Cap Index. The fund’s performance was pressured primarily by its gold-mining holdings as gold prices retreated, while its Japanese exposure was a notable source of strength; over the past year,...