About KEELEY Funds

KEELEY Funds - Our Story

Keeley-Teton Advisors, LLC was formed in late 2016 as a wholly-owned subsidiary of Teton Advisors, Inc. and served as an acquisition vehicle for the purchase of the asset management business of Keeley Asset Management Corp., a pioneer in small and mid-cap value investing founded by John L. Keeley, Jr. in 1982. Although Keeley-Teton was a new registrant with the U.S. Securities and Exchange Commission on March 1, 2017, the investment philosophy, staffing, and Chicago location will remain consistent with that of Keeley Asset Management Corp., is now a wholly-owned subsidiary. The creation of Keeley-Teton Advisors, LLC and the resulting combination with Teton Advisors, Inc. has created a transformational combination of two well-established, active asset managers. As of February 28, 2017, the combined firms had $3.8 billion in assets under management (AUM). The complementary investment teams at Teton and Keeley will seek to leverage the resources of both firms to the benefit of fund shareholders, clients and stakeholders. The investment teams at Teton and Keeley-Teton will focus their research coverage across an expanded product suite, including 12 mutual funds (the TETON Westwood Funds and the Keeley Funds) and seven separate account strategies.

Keeley-Teton seeks to uncover the inefficiently priced stocks of excellent companies through fundamental research. As active investors, we focus on exploiting short-term market distortions to generate long-term alpha. Its product offerings consist of two distinct, complementary investment strategies - a restructuring strategy and a dividend strategy. The restructuring strategy focuses on companies undergoing major corporate change, which often involves events that act as catalysts and direct our research team toward attractive opportunities. These types of events often share a common thread in that they create market inefficiencies where, for a period of time, there is little-to-no Wall Street research or sponsorship. We believe it is precisely these inefficiencies that offer us a notable edge and allow our team to invest below our fair market value assessment. Specifically, the Keeley Small Cap Value, Small-Mid Cap Value, and All Cap Value strategies represent the restructuring product offerings.

To complement this strategy, Keeley-Teton also offers a dividend product to help investors who seek to minimize the volatility typically associated with small- and mid-cap stocks. In 2009 and 2011, we launched the Keeley Small Cap Dividend Value Fund and Mid Cap Dividend Value Fund, respectively, to focus our bottom-up research efforts on a unique universe of dividend-paying stocks. With this approach, investors access small- and mid-cap dividend paying stocks, which seek to minimize the volatility typically associated with these company sizes. In challenging investment environments, we believe the quality of our dividend-focused portfolios, coupled with our attention to valuation, offers downside market protection and capital preservation.

As an investment boutique, our investment professionals share in the belief that being different is fundamental to discovering hidden value in equities. Our dedicated team is committed to serving clients. From modest beginnings over 40 years ago, to today, The Disciplined Discovery of Valueâ„¢ shapes the cornerstone for our clients' long-term success.

Dedicated Value Investors for Over Three Decades

KEELEY funds Timeline

Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call 888-933-5391 or visit keeleyfunds.com.