| Managed by Keeley Asset Management Corp. |  |
Click here for Historical NavMarket Data
Daily - July 8, 2008
| Ticker Symbol | NAV | POP | Daily NAV $Change | Daily NAV %Change | NAV Calendar YTD Total Return | POP Calendar YTD Total Return |
|---|---|---|---|---|---|---|
| KSCVX | 27.68 | 28.98 | +$0.28 |
+1.02% | +1.47% | -3.10% |
| KSCIX | 27.72 | n/a | +$0.27 |
+0.98% | +1.61% | n/a |
| Ticker Symbol | Current Quarter |
1 YR | 3 YR | 5 YR | 10 YR | Avg. Annual S.I. 10/1/1993 |
|---|---|---|---|---|---|---|
| KSCVX no Load** | -3.52% | -0.67% | 12.73% | 23.29% | 11.34% | 14.90% |
| KSCVX with Load*** | -7.86% | -5.14% | 11.02% | 22.16% | 10.83% | 14.53% |
| KSCIX no Load** | -3.41% | -0.56%* | 12.78%* | 23.32%* | 11.36%* | 14.91%* |
| Russell 2000**** | -9.90% | -13.00% | 5.06% | 14.90% | 4.96% | 8.57% |
Performance data represents past performance which is no guarantee of future results Investment return and principal value of an investment will fluctuate so that an investor's shares when redeemed, may be worth more or less than the original cost. Read the prospectus carefully before investing.
Performance data does not reflect the deduction of the sales load. If reflected, the sales load would reduce the performance quoted.
* The Institutional share class commenced operations on December 31, 2007. Performance prior to that date is for A shares, that would have substantially similar returns because all classes invest in the same portfolio of securities, differing only to the extent the share classes have different class specific expenses.
** Returns do not reflect deduction of the Fund's 4.50% front-end sales charge.
*** Returns reflect the effect of the Fund's 4.50% front-end sales charge.
**** The Russell 2000 Index is comprised of the smallest 2000 companies in the Russell 3000 Index. The Russell 3000 Index is comprised of the 3000 largest U.S. companies based on market capitalization. Russell 2000 returns are calculated with reinvested dividends and assume no transaction costs.
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Rankings
 |
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| Category | 3 Yrs Stars / #Funds |
5 Yrs Stars / #Funds |
10 Yrs Stars / #Funds |
Overall Stars / #Funds |
| Small Blend |  / 529 |
/ 415 |
/ 175 |
/ 529 |
Morningstar proprietary ratings reflect historical risk-adjusted performance. The Overall rating is calculated monthly and reflects weighted average of the Fund's Morningstar Ratings based on the historical risk-adjusted performance for the 3 -, 5 - and 10-year ( where applicable ) time periods. More Information...
 |
SMALL CAP CORE/EQUITY FUNDS CATEGORY | |||||
| Category | 3 Yrs Leader / # Funds |
5 Yrs Leader / #Funds |
10 Yrs Leader / #Funds |
Overall Leader / #Funds |
||
|
Lipper Leader/ 626 Funds | Lipper Leader/ 485 Funds | Lipper Leader/ 183 Funds | Lipper Leader/ 626 Funds |
|
Lipper Leader/ 621 Funds | Lipper Leader/ 482 Funds | – | Lipper Leader/ 621 Funds |
|
Lipper Leader/ 626 Funds | Lipper Leader/ 485 Funds | Lipper Leader/ 183 Funds | Lipper Leader/ 626 Funds | ||
Lipper ratings for Total Return reflect funds' historical total return performance relative to peers. The Overall rating is calculated monthly, based upon an equal ranks for each measure over three, five-, and ten-year periods (if applicable). More Information...
Investment Objective
Seeks long-term capital appreciation through investments in small-capitalization companies that we believe are undervalued, but have a stable or improving earnings record and sound finances. Companies generally have a market capitalization below $2.5 billion at the time of purchase.
Fund Profile
| Total Net Asset | $5,761,847,299 |
| Number of Holdings | 170 |
| Weighted Avg. Market Cap | $2,001,565,872 |
| Expense Ratio* | |
| KSCVX* | 1.33% |
| KSCIX* | 1.08% |
| Asset Allocation % | |
| Equity | 99.2 |
| Cash & Equivalents | 0.8 |
| *The Adviser has contractually agreed to waive a portion of its fee or reimburse the Funds to the extent that total operating expenses during the current fiscal year exceed 1.33% for Class A shares, and 1.08% for Class I shares. The waiver for the Small Cap Value Fund is in effect through September 30, 2009. | |
Investment Process
The Fund managers focus on identifying undervalued small-capitalization companies with stable or improving earnings records and sound finances.
Among the characteristics that the Fund managers focus on in evaluating companies are financial productivity, solid management, a sound business model and competitive advantages. Value is analyzed by looking at price relative to the true economic value of the company.
Risk
Smaller and medium-sized company stocks are more volatile and less liquid than larger more established company securities.
Top Ten Holdings(1)
| Company Name | Total % of Portfolio |
|---|---|
| Walter Industries Inc. | 1.96% |
| Lindsay Corp. | 1.58% |
| Alpha Natural Resources Inc. | 1.38% |
| McDermott International | 1.35% |
| Foster Wheeler Ltd. | 1.23% |
| Compass Minerals International Inc. | 1.20% |
| Whiting Petroleum Corp. | 1.18% |
| LKQ Corp. | 1.16% |
| Genesee & Wyoming Inc. | 1.16% |
| Foundation Coal Holdings Inc. | 1.15% |
Investment Focus(2)
Sector Diversification %
| Automobiles & Components | 0.14% |
| Banks | 3.58% |
| Capital Goods | 35.81% |
| Commercial Services & Supplies | 2.75% |
| Consumer Durables & Apparel | 1.76% |
| Consumer Services | 5.46% |
| Diversified Financials | 3.30% |
| Energy | 19.39% |
| Food Beverage & Tobacco | 3.03% |
| Health Care Equipment & Services | 0.14% |
| Insurance | 0.64% |
| Materials | 11.37% |
| Media | 0.23% |
| Cash & Cash Equivalent | 0.83% |
| Real Estate | 0.14% |
| Retailing | 3.41% |
| Software & Services | 0.70% |
| Transportation | 2.99% |
| Utilities | 4.33% |
Portfolio Characteristics(1)
| KSCVX | Russell 2000 Index |
|
|---|---|---|
| Market Cap (billions) -Weighted Avg. |
$2.0 | $1.3 |
| Earnings Growth - Last 5 year |
29.2% | 21.2% |
| P/E Ratio* - Last 12 Months |
17.2x | 16.4x |
| Beta** | 1.02 | 1.00 |
* A price-earnings ratio (P/E) shows the multiple of earnings at which a stock sells.
** Beta is the current measure of a portfolio’s risk in relation to the market or a benchmark. For example, a benchmark or index will have a beta of 1, so any portfolio with a higher beta is more volatile than the benchmark. Any with a lower beta may be less volatile than the market.
Distribution Information
| KSCVX Record Date |
Ex-date | Pay Date | Short Term | Long Term | Ordinary Income | Total Distribution | Reinvest NAV |
|---|---|---|---|---|---|---|---|
| 12/26/2007 | 12/27/2007 | 12/27/2007 | – | $0.6753 | – | $0.6753 | $27.48 |
| 12/26/2006 | 12/27/2006 | 12/27/2006 | – | $0.00026 | – | $0.00026 | n/a |
| 11/10/2005 | 11/11/2005 | 11/11/2005 | – | $0.41 | – | $0.41 | $41.48 |
| 11/11/2004 | 11/12/2004 | 11/12/2004 | – | $1.20 | – | $1.20 | $35.25 |
| 11/13/2003 | 11/14/2003 | 11/14/2003 | – | – | – | – | n/a |
| 11/14/2002 | 11/15/2002 | 11/15/2002 | – | $1.31 | – | $1.31 | $21.11 |
| 11/15/2001 | 11/16/2001 | 11/16/2001 | – | $1.16 | – | $1.16 | $23.08 |
| 11/16/2000 | 11/17/2000 | 11/17/2000 | – | $0.51 | – | $0.51 | $21.34 |
| 11/11/1999 | 11/12/1999 | 11/12/1999 | $0.25 | $0.64 | – | $0.89 | $19.71 |
| 12/10/1998 | 12/11/1998 | 12/11/1998 | $0.03 | $0.34 | – | $0.37 | $19.13 |
| 12/11/1997 | 12/12/1997 | 12/12/1997 | $0.40 | $0.61 | – | $1.01 | $20.13 |
| 12/12/1996 | 12/13/1996 | 12/13/1996 | – | $0.56 | – | $0.56 | $14.75 |
| 12/14/1995 | 12/15/1995 | 12/15/1995 | – | $0.03 | – | $0.03 | $12.37 |
| KSCIX Record Date |
Ex-date | Pay Date | Short Term | Long Term | Ordinary Income | Total Distribution | Reinvest NAV |
|---|---|---|---|---|---|---|---|
| – | – | – | – | – | – | – | – |
Proxy Voting Policy
Proxy Voting Policy and Procedures [pdf]
To view how the KEELEY funds voted proxies during the most recent 12-month period click here to be transferred to the website of the Securities and Exchange Commission to view the Form N-PX.
Morningstar
© 2005 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.Securities indexes assume reinvestment of all distributions and interest payments and do not take in account brokerage fees or taxes.
Morningstar ratings are subject to change monthly and are calculated from the fund’s 3-, 5- and 10 year average annual returns (if applicable) in excess of 90-day T-bill returns with appropriate fee adjustments, and a risk factor that reflects fund performance below 90-day T- bill returns. The top 10% of the funds in a broad-asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.For the 3 - year period ending 03.31.08 the KEELEY Small Cap Value Fund received 5 stars. For the 5-year period ending 03.31.08, the KEELEY Small Cap Value Fund received 5 stars. For the 10-year period ending 03.31.08, the KEELEY Small Cap Value Fund received 4 stars. For the Overall period ending 03.31.08, the KEELEY Small Cap Value Fund received 5 stars.
(2)The Morningstar Style Box™ reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth). For fixed-income funds the vertical axis shows the average credit quality of the bonds owned, and the horizontal axis shows interest rate sensitivity as measured by a bond’s duration (short, intermediate or long). Back to Top...
Lipper Leader
KEELEY Small Cap Value Fund rankings and performance are based on past performance at net asset value.
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 Total Return, the next 20% receive a score of 2, the middle 20% are scored 3, the next 20% are scored 4, and the lowest 20% are scored 5. The KEELEY Small Cap Value Fund, in Lipper’s Small Cap Core Funds category, was designated a Lipper Leader for Total Return for the following time periods: 3-year among 626 funds, 5-year among 485 funds, 10-year among 183 funds and Overall among 626 funds.
The highest 20% of funds in each peer group are named Lipper Leaders for Consistent Return, the next 20% receive a score of 2, the middle 20% are scored 3, the next 20% are scored 4, and the lowest 20% are scored 5. The KEELEY Small Cap Value Fund, in Lipper’s Small Cap Core Funds category, was designated a Lipper Leader for Consistent Return for the following time periods: 3-year among 621 funds and 5-year among 482 funds and Overall among 621 funds.
The highest 20% of funds in each peer group are named Lipper Leaders for Tax Efficiency, the next 20% receive a score of 2, the middle 20% are scored 3, the next 20% are scored 4, and the lowest 20% are scored 5. The KEELEY Small Cap Value Fund, in Lipper’s Equity Funds category, was designated a Lipper Leader for Tax Efficiency for the following time periods: 3-year among 626 funds, 5-year among 485 funds, 10-year among 183 funds and Overall among 626 funds.
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.
The Lipper Small Cap Core category contains funds that invest at least 75% of their equity assets in companies with market capitalization (on a three-year weighted basis) less than 25% of the dollar-weighted median of the smallest 500 of the middle 1,000 securities of the S&P SuperComposite 1500 Index. Small Cap core funds typically have an average price-to-earnings ratio, price-to-book ratio and three-year sales-per-share growth value, compared to the S&P Small Cap 600 Index. Back to Top...
(1) Portfolio holdings will change, and should not be considered purchase recommendations. Top holdings do not reflect cash, money markets or options/ futures contracts holdings.
Securities in the Fund may not match those in the indexes and performance of the Fund will differ. Direct investment in an index is not possible. KEELEY Small Cap Value Fund distributed by Keeley Investment Corp.
