KEELEY Small Cap Value Fund

Investor Class (A) Shares: KSCVX

Institutional Class (I) Shares: KSCIX

Daily Performance - March 24, 2017

Ticker Symbol NAV POP Daily NAV $Change Daily NAV %Change NAV Calendar YTD Total Return POP Calendar YTD Total Return
KSCVX 32.89 34.44 -$0.03Fund Down -0.09% -1.38% -5.81%
KSCIX 33.28 n/a -$0.03Fund Down -0.09% -1.33% n/a
Monthly Performance - February 2017
Ticker Symbol Month 3 Month 1 YR 3 YR 5 YR 10 YR Avg. Annual S.I. 10/1/1993
KSCVX no Load** 0.99% 1.71% 28.03% 2.11% 9.69% 4.76% 11.06%
KSCVX with Load*** -3.56% -2.87% 22.29% 0.56% 8.69% 4.28% 10.84%
KSCIX no Load 0.98% 1.74% 28.31% 2.36% 9.96% 5.01%* 11.17%*
Russell 2000 Index®**** 1.93% 5.20% 36.11% 6.93% 12.89% 7.22% 9.00%
Russell 2000 Value Index®**** 1.45% 4.88% 41.29% 8.37% 13.43% 6.31% 10.29%
Quarterly Performance - 4th Quarter 2016
Ticker Symbol Quarter 1 YR 3 YR 5 YR 10 YR Avg. Annual S.I. 10/1/1993
KSCVX no Load** 8.96% 18.94% 1.75% 11.92% 4.81% 11.11%
KSCVX with Load*** 4.06% 13.60% 0.20% 10.89% 4.33% 10.89%
KSCIX no Load 9.03% 19.26% 2.01% 12.20% 5.05%* 11.22%*
Russell 2000 Index®**** 8.83% 21.31% 6.74% 14.46% 7.07% 8.96%
Russell 2000 Value Index®**** 14.07% 31.74% 8.31% 15.07% 6.26% 10.33%

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® Value Index is an unmanaged index that measures the performance of the small-cap value segment of the U.S. equity universe and includes those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2000® Index is an unmanaged index that measures the performance of the smallest 2,000 companies by market capitalization of the Russell 3000® Index. The Russell 3000® Index is an unmanaged index that measures the performance of the 3,000 largest U.S. companies by market capitalization. These Index figures do not reflect any deduction for fees, expenses, or taxes, and are not available for investment.

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.