KEELEY Small Cap Value Fund
Seeks long-term capital appreciation through investments in small capitalization companies that we believe are undervalued. Companies generally have a market capitalization below $3.5 billion at the time of purchase.
Our philosophy is to deliver above average long-term results, while reducing portfolio risk through the application of a disciplined, opportunistic, and unique investment strategy. Our investment team uses a bottom-up, fundamental approach to stock selection focusing the majority of the portfolio on companies undergoing internal corporate restructuring.
Smaller and medium-sized company stocks are more volatile and less liquid than larger more established company securities.
Fund Profile - as of September 30, 2013
|Total Net Assets||$2,977,074,864|
|Number of Holdings||114|
|Asset Allocation %|
|Cash & Equivalents||1.1|
|*The Fund's adviser has contractually agreed to waive a portion of its management fee or reimburse the Fund if total ordinary operating expenses during the current fiscal year as a percentage of the Fund's average net assets exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, dividend expenses incurred on securities that a Fund sells short, litigation expenses, and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of portfolio securities. The waiver is in effect through January 31, 2014.|
Leader / #Funds
|Lipper Leader/ 634 Funds
As of 09.30.13 Lipper ratings for Overall Tax Efficiency reflect funds' historical total return performance relative to peers and success in postponing taxable distributions relative to peers. The Overall rating is calculated monthly, based upon an equalweighted average of percentile ranks for each measure over three-, five-, and tenyear periods (if applicable).
Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperleaders.com. Lipper Leader Copyright 2003, Reuters, All Rights Reserved. KEELEY Small Cap Value Fund ratings are subject to change every month and are based on an equal weighted average of percentile ranks for the Total Return metrics over 3-, 5-, and 10- year periods (if applicable).
The highest 20% of funds in each peer group are named Lipper Leaders for Tax Efficiency, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1. The KEELEY Small Cap Value Fund in Lipper’s Small Cap Core Funds category, was designated a Lipper Leader for Overall Tax Efficiency among 634 funds.