Fund
KMDIX
Price as of:
$26.21
- $0.12
- 0.46%
Primary Theme
fund company
Name
As of 11/28/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.5%
1 yr return
1.1%
3 Yr Avg Return
8.1%
5 Yr Avg Return
6.9%
Net Assets
$110 M
Holdings in Top 10
18.2%
52 WEEK LOW AND HIGH
$26.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.15%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/28/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
KMDIX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return 8.1%
- 5 Yr Annualized Total Return 6.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.98%
- Dividend Yield 2.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameKeeley Mid Cap Dividend Value Fund
-
Fund Family NameGabelli/GAMCO/Teton/Keeley Complex
-
Inception DateOct 03, 2011
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Browne
Fund Description
The Fund intends to pursue its investment objective by investing in equity securities of companies with a mid‑size market capitalization and that currently pay, or are reasonably expected to pay, dividends to shareholders. Under normal market conditions, the Fund will invest no less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in “dividend-paying” common stocks and other equity type securities (including preferred stock, convertible debt securities and warrants) of “mid cap” companies, which the Adviser currently defines as securities within the range of the Russell Midcap® Value Index (the “Index”) at the time of investment. The market cap range of the Index changes daily, and as a result, the capitalization of mid‑cap companies in which the Fund invests will also change. As of December 31, 2022, the market capitalization range of the Index was approximately $306.4 million to $53 billion.
“Dividend-paying” common stocks have one or more of the following characteristics: (i) attractive dividend yields that, in the opinion of the Adviser, are relatively stable or expected to grow; (ii) that pay a small dividend, but could grow their dividend over the next few years; and (iii) that pay no dividend, but may initiate a dividend or return cash to shareholders in other ways, such as a share repurchase program.
In making investment decisions for the Fund, the Adviser employs a “value” investment philosophy, which is based upon the belief that, at times, the market value of an asset may deviate from its underlying (“intrinsic”) value, and that the market price and the intrinsic value should converge over the long-term. The Fund seeks to invest in securities of mid‑cap, undervalued companies that meet certain criteria identified by the Adviser from time to time. The Adviser focuses its attention on particular kinds of undervalued stocks and constructs the Fund’s portfolio using a rigorous, “bottom‑up” investment process that concentrates on individual companies (rather than on macroeconomic trends). The Adviser looks for stocks with sustainable, expected growth in earnings and dividends, and attempts to buy them when they are temporarily out‑of‑favor or undervalued by the market. Each stock is judged on its potential for above-average capital appreciation.
The Adviser believes that a track record of dividend increases is an excellent indicator of a company’s financial health and growth prospects, and that over the long-term, income can contribute significantly to total return. Dividends also can help reduce the Fund’s volatility during periods of market turbulence and can help offset losses when stock prices are falling. The Adviser reasonably expects that a company will pay a dividend or return cash to shareholders in other ways based upon the company’s operating history, its growth and profitability opportunities, and its history of sales, profits and dividend payments.
The Fund intends to pay the dividends it receives at least annually. It is the Adviser’s intention for the Fund typically to hold securities for more than two years. However, the Adviser may sell securities when a more attractive opportunity emerges, when a company becomes over-weighed in the portfolio, or when operating difficulties or other circumstances make selling desirable.
As long as an investment continues to meet the Fund’s other investment criteria set forth above, the Fund may choose to hold such securities even if the company’s capitalization moves outside the Russell Midcap® Value Index range. If less than 80% of the Fund’s net assets (plus the amount of any borrowings for investment purposes) are invested in companies with a mid‑size market capitalization, the Fund will not invest in companies other than those with a mid‑size market capitalization until the 80% threshold is restored.
The Fund may be suitable for the more aggressive section of an investor’s portfolio. The Fund is designed for people who want to grow their capital over the long-term and who are comfortable with possible frequent short-term changes in the value of their investment. An investment in the Fund should not be considered a complete investment program.
KMDIX - Performance
Return Ranking - Trailing
| Period | KMDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -13.1% | 25.6% | 59.10% |
| 1 Yr | 1.1% | -14.4% | 22.7% | 53.83% |
| 3 Yr | 8.1%* | -0.9% | 18.3% | 51.34% |
| 5 Yr | 6.9%* | -1.3% | 14.2% | 61.62% |
| 10 Yr | 7.6%* | -0.4% | 11.1% | 34.00% |
* Annualized
Return Ranking - Calendar
| Period | KMDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -9.3% | -41.6% | 2.3% | 13.33% |
| 2021 | 23.4% | -41.5% | 44.9% | 34.49% |
| 2020 | -3.3% | -29.0% | 22.1% | 77.17% |
| 2019 | 22.8% | -8.1% | 32.7% | 46.22% |
| 2018 | -16.2% | -36.8% | -7.2% | 21.49% |
Total Return Ranking - Trailing
| Period | KMDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -13.1% | 25.6% | 59.10% |
| 1 Yr | 1.1% | -14.4% | 22.7% | 53.83% |
| 3 Yr | 8.1%* | -0.9% | 18.3% | 51.34% |
| 5 Yr | 6.9%* | -1.3% | 14.2% | 61.62% |
| 10 Yr | 7.6%* | -0.4% | 11.1% | 34.00% |
* Annualized
Total Return Ranking - Calendar
| Period | KMDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -5.3% | -35.0% | 2.4% | 24.00% |
| 2021 | 24.8% | 6.2% | 48.3% | 79.41% |
| 2020 | -1.5% | -22.9% | 23.2% | 80.98% |
| 2019 | 25.9% | 5.5% | 37.0% | 57.98% |
| 2018 | -12.6% | -22.3% | -4.1% | 40.40% |
NAV & Total Return History
KMDIX - Holdings
Concentration Analysis
| KMDIX | Category Low | Category High | KMDIX % Rank | |
|---|---|---|---|---|
| Net Assets | 110 M | 991 K | 26.1 B | 83.73% |
| Number of Holdings | 86 | 8 | 2525 | 44.09% |
| Net Assets in Top 10 | 21.3 M | 258 K | 5.04 B | 88.45% |
| Weighting of Top 10 | 18.18% | 5.3% | 100.0% | 67.72% |
Top 10 Holdings
- nVent Electric PLC 2.33%
- Jabil Inc 2.28%
- Molson Coors Beverage Co 1.90%
- LAMAR ADVERTISING CO 1.74%
- Ensign Group Inc/The 1.74%
- Brunswick Corp/DE 1.72%
- BWX Technologies Inc 1.66%
- Vulcan Materials Co 1.63%
- WESCO International Inc 1.59%
- Fortune Brands Innovations Inc 1.59%
Asset Allocation
| Weighting | Return Low | Return High | KMDIX % Rank | |
|---|---|---|---|---|
| Stocks | 98.52% | 56.38% | 106.24% | 38.85% |
| Bonds | 1.42% | 0.00% | 33.60% | 1.31% |
| Cash | 0.05% | 0.00% | 43.98% | 90.29% |
| Preferred Stocks | 0.00% | 0.00% | 7.89% | 57.22% |
| Other | 0.00% | -1.97% | 6.72% | 69.82% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 53.83% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | KMDIX % Rank | |
|---|---|---|---|---|
| Industrials | 15.01% | 0.00% | 29.02% | 56.46% |
| Financial Services | 14.99% | 0.00% | 60.11% | 84.70% |
| Consumer Cyclical | 12.17% | 0.00% | 29.62% | 36.94% |
| Real Estate | 9.92% | 0.00% | 40.74% | 23.75% |
| Healthcare | 9.41% | 0.00% | 32.47% | 45.12% |
| Energy | 8.99% | 0.00% | 29.17% | 23.48% |
| Basic Materials | 8.77% | 0.00% | 23.88% | 11.08% |
| Utilities | 7.35% | 0.00% | 24.69% | 32.98% |
| Technology | 6.68% | 0.00% | 30.07% | 84.96% |
| Consumer Defense | 4.11% | 0.00% | 33.79% | 74.67% |
| Communication Services | 2.59% | 0.00% | 19.80% | 50.13% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | KMDIX % Rank | |
|---|---|---|---|---|
| US | 98.52% | 55.91% | 106.24% | 28.87% |
| Non US | 0.00% | 0.00% | 33.52% | 65.88% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | KMDIX % Rank | |
|---|---|---|---|---|
| Derivative | 0.00% | -1.97% | 1.20% | 59.58% |
| Cash & Equivalents | 0.00% | 0.00% | 100.00% | 90.55% |
| Securitized | 0.00% | 0.00% | 22.78% | 52.66% |
| Corporate | 0.00% | 0.00% | 100.00% | 55.33% |
| Municipal | 0.00% | 0.00% | 0.00% | 51.48% |
| Government | 0.00% | 0.00% | 36.92% | 52.96% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | KMDIX % Rank | |
|---|---|---|---|---|
| US | 1.42% | 0.00% | 33.60% | 1.31% |
| Non US | 0.00% | 0.00% | 0.00% | 53.81% |
KMDIX - Expenses
Operational Fees
| KMDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.15% | 0.01% | 20.26% | 38.06% |
| Management Fee | 0.90% | 0.00% | 1.20% | 95.01% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 15.61% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| KMDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| KMDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| KMDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 21.00% | 0.00% | 227.00% | 15.61% |
KMDIX - Distributions
Dividend Yield Analysis
| KMDIX | Category Low | Category High | KMDIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.08% | 0.00% | 9.01% | 65.09% |
Dividend Distribution Analysis
| KMDIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | SemiAnnual |
Net Income Ratio Analysis
| KMDIX | Category Low | Category High | KMDIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.98% | -1.84% | 4.73% | 35.45% |
Capital Gain Distribution Analysis
| KMDIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 28, 2022 | $0.123 | OrdinaryDividend |
| Jun 28, 2022 | $0.130 | OrdinaryDividend |
| Mar 29, 2022 | $0.077 | OrdinaryDividend |
| Dec 29, 2021 | $0.119 | OrdinaryDividend |
| Sep 28, 2021 | $0.071 | OrdinaryDividend |
| Jun 28, 2021 | $0.071 | OrdinaryDividend |
| Mar 29, 2021 | $0.064 | OrdinaryDividend |
| Dec 29, 2020 | $0.087 | OrdinaryDividend |
| Sep 28, 2020 | $0.060 | OrdinaryDividend |
| Jun 26, 2020 | $0.066 | OrdinaryDividend |
| Mar 27, 2020 | $0.085 | OrdinaryDividend |
| Sep 26, 2019 | $0.099 | OrdinaryDividend |
| Jun 26, 2019 | $0.082 | OrdinaryDividend |
| Mar 27, 2019 | $0.094 | OrdinaryDividend |
| Sep 28, 2018 | $0.047 | OrdinaryDividend |
| Jun 29, 2018 | $0.070 | OrdinaryDividend |
| Mar 29, 2018 | $0.063 | OrdinaryDividend |
| Dec 28, 2017 | $0.064 | OrdinaryDividend |
| Sep 29, 2017 | $0.034 | OrdinaryDividend |
| Jun 30, 2017 | $0.047 | OrdinaryDividend |
| Mar 31, 2017 | $0.047 | OrdinaryDividend |
| Dec 27, 2016 | $0.073 | OrdinaryDividend |
| Sep 30, 2016 | $0.058 | OrdinaryDividend |
| Jun 30, 2016 | $0.062 | OrdinaryDividend |
| Mar 31, 2016 | $0.067 | OrdinaryDividend |
| Dec 28, 2015 | $0.064 | OrdinaryDividend |
| Sep 30, 2015 | $0.034 | OrdinaryDividend |
| Jun 30, 2015 | $0.049 | OrdinaryDividend |
| Mar 31, 2015 | $0.047 | OrdinaryDividend |
| Dec 29, 2014 | $0.056 | OrdinaryDividend |
| Sep 30, 2014 | $0.090 | OrdinaryDividend |
| Jun 30, 2014 | $0.046 | OrdinaryDividend |
| Mar 31, 2014 | $0.048 | OrdinaryDividend |
| Sep 30, 2013 | $0.056 | OrdinaryDividend |
| Jun 28, 2013 | $0.049 | OrdinaryDividend |
| Mar 28, 2013 | $0.048 | OrdinaryDividend |
| Dec 31, 2012 | $0.105 | OrdinaryDividend |
| Sep 28, 2012 | $0.035 | OrdinaryDividend |
| Jun 29, 2012 | $0.055 | OrdinaryDividend |
| Mar 30, 2012 | $0.049 | OrdinaryDividend |
| Dec 30, 2011 | $0.059 | OrdinaryDividend |
KMDIX - Fund Manager Analysis
Managers
Thomas Browne
Start Date
Tenure
Tenure Rank
Oct 03, 2011
10.67
10.7%
Mr. Browne joined Keeley Teton upon its operational inception on March 1, 2017 and has 32 years of investment experience. Prior to that date, Mr. Browne served as a Portfolio Manager (2009‐2017) of the Small Cap Dividend Value and Mid‐Cap Dividend Value strategies on behalf of Keeley Asset Management Corp. (“KAMCO”). Before joining KAMCO, he was a Portfolio Manager in charge of Oppenheimer Capital’s small‐cap core and small‐cap value strategies. Prior to that, Mr. Browne managed a mid‐cap portfolio for SEB Asset Management and was an analyst at small cap investment firm Palisade Capital Management. Earlier in his career, Mr. Browne was a sell‐side technology services analyst for Prudential Securities and was twice recognized in the Wall Street Journal’s Best on the Street survey. Mr. Browne earned his M.B.A. from New York University Stern School of Business and his B.B.A. from the University of Notre Dame. In addition, Mr. Browne holds the Chartered Financial Analyst designation from the CFA Institute.
Brian Leonard
Start Date
Tenure
Tenure Rank
Oct 03, 2011
10.67
10.7%
Mr. Leonard joined Keeley Teton Advisors, LLC (“Keeley Teton”) on March 1, 2017. Prior to joining Keeley Teton, Mr. Leonard served as a Portfolio Manager (2004-2017) and Research Analyst and Client Service Associate (2004-2009) with Keeley Asset Management Corp. (“KAMCO”). While employed by KAMCO, Mr. Leonard managed client portfolios for KAMCO’s historical clients in a manner consistent with the strategies he currently manages for Keeley Teton. Before joining KAMCO, Mr. Leonard was an Associate with CRA RogersCasey from 1998 to 2004. Brian earned his M.S. in finance from St. Xavier University’s Graham School of Management and his B.S. from DePaul University. In addition, Mr. Leonard holds the Chartered Financial Analyst designation from the CFA Institute.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.59 | 8.57 | 10.92 |