KEELEY Alternative Value Fund
Investment Objective
Seeks to earn a positive total return with reduced market risk.
Investment Philosophy
The Fund managers focus on identifying undervalued small-mid sized companies with stable or improving earnings records and sound finances. The sub-adviser seeks to protect the Fund from market risk by assessing such factors as monetary policy, valuation analysis, investor sentiment and momentum.
KEELEY ASSET MANAGEMENT CORPORATION (KAMCO) is a bottom-up, value driven investment firm, focusing the majority of our portfolios on our internal corporate restructuring strategy. We are a privately-owned Chicago-based money management firm, founded in 1982.
BROADMARK ASSET MANAGMENT, LLC is an investment adviser that focuses on the equity markets using a unique research-driven process combining a qualitative top-down approach with a quantitative risk control. Broadmark was founded in 1999, and has been a registered investment adviser since 2000. Broadmark manages over $1.8 billion in assets.
Risk
Smaller and medium-sized company stocks are more volatile and less liquid than larger more established company securities.
Fund Profile - as of December 31, 2011
| Total Net Asset | $18,004,303 |
| Number of Holdings | 102 |
| Gross Expense Ratio (Class A Shares) | 2.34% |
| Waiver/Expense Reimbursement* | -0.45% |
| Gross Expense Ratio (Class I Shares) | 2.09% |
| Waiver/Expense Reimbursement* | -0.45% |
| Net Expense Ratio* | |
| KALVX | 1.89% |
| KALIX | 1.64% |
| Asset Allocation % | |
| Equity | 98.0 |
| Purchased Options | 2.0 |
| *Keeley Asset Management Corp. (the "Adviser") has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets exceed 1.89% for Class A Shares and 1.64% for Class I Shares. The waivers are in effect through January 31, 2012. | |
Rankings
Not available.