Investing in Hard Work and Potential
Investing in Hard Work and Potential

How to Invest

 

You can invest in shares of the KEELEY funds directly and have your shares held by our transfer agent, U.S. Bancorp Fund Services, or you can purchase shares through your investment professional. If you are not working with an investment professional, you can select one from the attached KEELEY funds distribution partner agreement list.

KEELEY funds Distribution List pdf

Updated Quarterly

To invest directly, you will need the appropriate applications and/or forms contained in the KEELEY funds Investor Kit. To obtain a KEELEY funds Investor Kit – or the respective applications and forms – please select from one of the following four options:

1. Order Literature / Applications

Go to the Order Literature / Applications page and complete the online form.

2. Download Literature / Applications

Go to the Download Literature / Applications page and download the appropriate pdf files.

 

3. Call us at 1-888-933-5391

KEELEY funds shareholder service representatives are available from 8 a.m. to 5 p.m. Central Time, Monday through Friday. They can answer any questions and take your request for respective applications and/or forms needed to open a new account or add to an existing account.

4. Request by Mail

Mail your request for an Investor Kit – or the respective applications and forms to:

KEELEY funds
c/o U.S. Bancorp Fund Services
615 East Michigan Street
Milwaukee, WI 53202

Again, our expertise is investing in companies undergoing CORPORATE RESTRUCTURING. We consider the Funds to be a long-term investment vehicle that will complement an investor's diversified asset allocation plan. We remain committed to our shareholders and strive to deliver above average performance while managing risk.

KEELEY funds welcomes questions or comments about investing in our Funds.

Thank you for your interest in KEELEY funds.

Fund Information

 

[back to top]Investment Objectives

 
  • KEELEY Small Cap Value Fund, Inc. seeks capital appreciation through long-term value investing in small-cap stocks with the market capitalization of $2 billion or less at the time of investment.
  • KEELEY Small-Mid Cap Value Fund seeks capital appreciation through long-term value investing in small and mid-cap stocks with the market capitalization of $7.5 billion or less at the time of investment.
  • KEELEY Mid Cap Value Fund, Inc. seeks capital appreciation through long-term value investing in mid-cap stocks with the market capitalization of $1.5 to $10 billion at the time of investment.
  • KEELEY All Cap Value Fund seeks capital appreciation through long-term value investing in undervalued stock investments.

[back to top]Investment Strategy

 

KEELEY funds seek capital appreciation through long-term value investing in undervalued stocks investment. The Funds emphasize the purchase of companies undergoing corporate redevelopment such as:

  • Corporate spin-offs (a tax-free distribution of a parent company's division to shareholders)
  • Financial restructuring, including acquisitions, recapitalizations and companies emerging from bankruptcy
  • Companies selling at or below actual or perceived book value
  • Savings and loan and insurance conversions
  • Distressed utilities

All the funds are managed by the same advisor, Keeley Asset Management Corp., which has been successfully investing in corporate restructuring since 1982.

[back to top]Sales Charge / Break Points

 

KEELEY funds charge an up-front sales load starting at 4.50%. The table below shows how the sales charge varies with the amount of your purchase :

Sales Charge as a Percentage of Dealer
Reallowance as
a Percentage of
Offering Price
Single Transaction Amount Offering Price Net Amount Invested
Less than $50,000 4.50% 4.71% 4.00%
$50,000 - less than $100,000 4.00% 4.17% 3.50%
$100,000 - less than $250,000 3.00% 3.09% 2.50%
$250,000 - less than $500,000 2.50% 2.56% 2.00%
$500,000 and over 1.00% 1.01% 0.50%

[back to top]12B-1 Fees

 

The Funds have adopted a plan under Rule 12b-1 that allows the Funds to pay distribution and other fees for the sale and distribution of its shares and for services provided to shareholders. Under this Plan, the fee is 0.25% per year of each Fund’s average net assets (calculated on a daily basis). Because these fees are paid out of the Funds’ assets on an ongoing basis, over time these fees will increase the cost of your investment and may cost you more than paying other types of sales charges.

[back to top]Minimum Initial Investment - Class A Shares

 
Regular Accounts: $1,000
IRA Accounts $250
Automatic Investment Plan $250
Subsequent Minimum for all Accounts $50

[back to top]Minimum Initial Investment - Class I Shares

 
Regular Accounts: $1,000,000
IRA Accounts $1,000,000
Automatic Investment Plan $10,000
Subsequent Minimum for all Accounts $10,000

[back to top]NAV Purchases (no load)

 

Under certain circumstances the purchase of Fund shares may be effectuated at Net Asset Value. In order to qualify for these waivers, sufficient information must be submitted at the time of purchase with the application to determine whether the account is entitled to the waiver of the sales charge.

Class A Shares
Various individuals and organizations who meet the Funds’ requirements may buy shares at Net Asset Value (without the sales charge). Generally, these include institutional investors such as banks and insurance companies, investment advisers and their clients, certain tax exempt entities (including IRAs, pension and profit sharing plans) with a minimum $25,000 investment, purchasers with brokerage accounts in which they are charged fees based on the value of the account rather than commissions on transactions, sales through certain internet brokers, sales to pension and profit sharing plans for which Charles Schwab acts as a trustee, broker/dealer or record keeper and customers of financial institutions clearing through Charles Schwab. For a more detailed list of those who may qualify for fee waivers, plus a description of the requirements, see the respective SAI.

Class I Shares
Class I Shares are registered to be offered by the Small-Mid Cap Value Fund only and are not subject to a sales charge or any Rule 12b-1 fees. The minimum initial investment for Class I Shares of the Small-Mid Cap Value Fund is $1.0 million, and the minimum for additional investments is $10,000 and is subject to change at any time. The minimum initial investment and the minimum additional investment requirements will not apply to purchases made by tax-exempt entities (including qualified retirement plans) with at least $25.0 million in assets, made through a sponsor or record keeper that aggregates purchases by such plans and maintains shares owned by such plans in a single account. These minimum investment requirements will also not apply to purchases made through a registered investment adviser, provided the purchase is made with related accounts which taken together at the time of purchase total at least $1.0 million. Additionally, the Fund in its sole discretion may waive the minimum initial investment to establish certain Class I Share accounts. Class I Shares carry a $1.0 million minimum initial investment and are only available for purchase by the following qualified institutional investors: a bank, savings institution, trust company, insurance company, investment company, pension or profit sharing trust, or other entity deemed by the principal underwriter to be a financial institution or institutional buyer or a broker-dealer, whether the purchaser is acting for itself or in some fiduciary capacity.

[back to top]IRA

 

Shares of the Funds may be purchased in regular, SEP, Roth and Education IRA accounts.

[back to top]Fees and Expenses

 

KEELEY Small Cap Value Fund's annual operating expenses as of 9-30-06 were 1.39% and included a 0.25% 12b-1 fee and 1% investment adviser fee on the first $1 billion and 0.90% on the balance of the average daily net assets.

KEELEY Small-Mid Cap Value Fund’s Class A Share’s annual operating expenses are capped at 1.39% until September 30, 2008 and include a 0.25% 12b-1 fee (paid immediately) and 1% investment adviser fee on the first $350 million, 0.90% of the next $350 million and 0.80% of $700 million on the balance of average daily net assets. The minimum initial investment is $1,000 for a non-retirement account, $250 for an IRA, $50 for subsequent minimum investments.

KEELEY Small-Mid Cap Value Fund’s Class I Share’s annual operating expenses are capped at 1.14% until September 30, 2008 and 1% investment adviser fee on the first $350 million, 0.90% of the next $350 million and 0.80% of $700 million on the balance of average daily net assets. The minimum initial investment is $1,000,000 with a subsequent investment minimum of $10,000.

KEELEY Mid Cap Value Fund’s annual operating expenses are capped at 1.49% until September 30, 2008 and include a 0.25% 12b-1 fee (paid immediately) and 1% investment adviser fee on the first $350 million, 0.90% of the next $350 million and 0.80% of $700 million on the balance of average daily net assets.

KEELEY All Cap Value Fund’s annual operating expenses are capped at 1.49% until September 30, 2008 and include a 0.25% 12b-1 fee (paid immediately) and 1% investment adviser fee on the first $350 million, 0.90% of the next $350 million and 0.80% of $700 million on the balance of average daily net assets.

 

 

Distributed by:  Keeley Investment Funds  Member NASD/SIPC  

KEELEY funds | 410 South LaSalle Street  Suite 1201 | Chicago, IL 60605

312-786-5050 | 800-533-5344 | 312-786-5003 fax |