KEELEY Small-Mid Cap Value Fund
Investment Objective
Seeks long-term capital appreciation through investments in small capitalization companies that we believe are undervalued. Companies generally have a market capitalization below $7.5 billion at the time of purchase.
Investment Philosophy
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.
Risk
Smaller and medium-sized company stocks are more volatile and less liquid than larger more established company securities.
Investment Focus
Fund Profile - as of December 31, 2011
| Total Net Asset | $153,520,569 |
| Number of Holdings | 102 |
| Gross Expense Ratio (Class A Shares) | 1.78% |
| Waiver/Expense Reimbursement* | -0.39% |
| Gross Expense Ratio (Class I Shares) | 1.53% |
| Waiver/Expense Reimbursement* | -0.39% |
| Net Expense Ratio* | |
| KSMVX | 1.39% |
| KSMIX | 1.14% |
| Asset Allocation % | |
| Equity | 98.5 |
| Cash & Equivalents | 1.5 |
| *The Adviser has contractually agreed to waive a portion of its fee or reimburse the Fund to the extent that total operating expenses during the current fiscal year exceed 1.39% for Class A shares, and 1.14% for Class I shares. The waiver for the Small-Mid Cap Value Fund is in effect through January 31, 2012. | |
Rankings
Not available.