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Name

As of 12/24/2024

Price

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

Keeley Small-Mid Cap Value Fund

KSMIX | Fund

$10.46

$29.8 M

1.28%

$0.13

1.67%

Vitals

YTD Return

15.3%

1 yr return

15.1%

3 Yr Avg Return

6.8%

5 Yr Avg Return

8.9%

Net Assets

$29.8 M

Holdings in Top 10

19.3%

52 WEEK LOW AND HIGH

$10.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.67%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 37.00%

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 12/24/2024

Price

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

Keeley Small-Mid Cap Value Fund

KSMIX | Fund

$10.46

$29.8 M

1.28%

$0.13

1.67%

KSMIX - Profile

Distributions

  • YTD Total Return 15.3%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 8.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.83%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Keeley Small-Mid Cap Value Fund
  • Fund Family Name
    Gabelli/Teton/Keeley Complex
  • Inception Date
    Aug 15, 2007
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Butler

Fund Description

The Fund intends to pursue its investment objective by investing in equity securities of companies with small or mid-sized market capitalizations. 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 common stocks and other equity type securities (including preferred stock, convertible debt securities and warrants) of “small cap” or “mid cap” companies, which the Adviser currently defines as securities within the range of the Russell 2500® 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 small and mid-cap companies in which the Fund invests will also change. As of December 31, 2023, the market capitalization range of the Index was approximately $16.8 million to $22.3 billion.

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 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), particularly those undergoing major changes (for example, corporate restructuring), including:

● corporate spin-offs (tax-free distributions of a parent company’s division to shareholders);
● financial restructuring, including acquisitions, recapitalizations and companies emerging from bankruptcy;
● savings and loan and insurance conversions from mutual to stock companies; and
● event driven, special situations that may create enhanced opportunities through industry and/or corporate dislocation (for example, overall industry change or restructuring, the presence of undervalued assets, or corporate or management change).

As part of this process, the Adviser conducts extensive research into, and analyses of, each candidate company’s business fundamentals, seeking undervalued companies that meet certain criteria identified by the Adviser from time to time. Each stock is judged on its potential for above-average capital appreciation. The Adviser does not take into account current dividend or interest income when choosing securities for the Fund. The Adviser continuously monitors each holding in the Fund’s portfolio and adjusts its view on the intrinsic value of such securities, as necessary, to reflect changes in a company’s fundamentals.

It is the Adviser’s intention for the Fund typically to hold securities for more than two years to allow the corporate restructuring process to yield results. The Adviser usually sells a stock when the market price meets or exceeds the Adviser’s estimate of the stock’s intrinsic value. However, the Adviser may sell securities for a number of reasons, including when a more attractive opportunity emerges, when a company’s fundamentals deteriorate and impair the long-term quality of the company’s business, when a company becomes over-weighted in the portfolio, when operating difficulties or other circumstances make selling desirable, or when the Adviser’s investment thesis otherwise no longer holds for the security.

As long as an investment continues to meet the Fund’s criteria set forth above, the Fund may choose to hold such securities even if the company’s capitalization moves outside the Russell 2500® 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 small or a mid-size market capitalization, the Fund will not invest in companies other than those with a small or 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.

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KSMIX - Performance

Return Ranking - Trailing

Period KSMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.3% -40.9% 32.2% 18.89%
1 Yr 15.1% -41.0% 32.3% 24.72%
3 Yr 6.8%* -13.5% 15.4% 29.30%
5 Yr 8.9%* -3.9% 16.9% 46.84%
10 Yr 7.8%* 1.1% 11.0% 50.00%

* Annualized

Return Ranking - Calendar

Period KSMIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.4% -11.3% 33.3% 42.50%
2022 -24.5% -41.6% 2.3% 94.66%
2021 -1.8% -41.5% 44.9% 93.80%
2020 -4.4% -29.0% 22.1% 83.38%
2019 10.9% -8.1% 31.2% 93.79%

Total Return Ranking - Trailing

Period KSMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.3% -40.9% 32.2% 18.89%
1 Yr 15.1% -41.0% 32.3% 24.72%
3 Yr 6.8%* -13.5% 15.4% 29.30%
5 Yr 8.9%* -3.9% 16.9% 46.84%
10 Yr 7.8%* 1.1% 11.0% 50.00%

* Annualized

Total Return Ranking - Calendar

Period KSMIX Return Category Return Low Category Return High Rank in Category (%)
2023 19.4% -1.7% 36.5% 11.39%
2022 -12.9% -35.0% 2.4% 88.76%
2021 26.2% 6.2% 48.3% 72.11%
2020 0.9% -22.9% 23.2% 63.32%
2019 31.9% -3.0% 35.7% 5.03%

NAV & Total Return History

KSMIX - Holdings

Concentration Analysis

KSMIX Category Low Category High KSMIX % Rank
Net Assets 29.8 M 991 K 28 B 96.12%
Number of Holdings 86 8 2270 45.98%
Net Assets in Top 10 5.8 M 349 K 5.52 B 97.78%
Weighting of Top 10 19.28% 5.0% 100.2% 61.77%

Top 10 Holdings

  1. Knife River Corp 2.15%
  2. Equitable Holdings Inc 2.07%
  3. Spectrum Brands Holdings Inc 1.97%
  4. Pennant Group Inc/The 1.96%
  5. NRG Energy Inc 1.95%
  6. Kontoor Brands Inc 1.95%
  7. Tri Pointe Homes Inc 1.87%
  8. MDU Resources Group Inc 1.80%
  9. TechnipFMC PLC 1.78%
  10. Ensign Group Inc/The 1.77%

Asset Allocation

Weighting Return Low Return High KSMIX % Rank
Stocks 		98.87% 55.64% 100.58% 39.06%
Bonds 		1.11% 0.00% 19.09% 0.83%
Cash 		0.02% 0.00% 27.43% 91.41%
Preferred Stocks 		0.00% 0.00% 1.68% 72.58%
Other 		0.00% -0.01% 7.98% 81.44%
Convertible Bonds 		0.00% 0.00% 0.02% 69.64%

Stock Sector Breakdown

Weighting Return Low Return High KSMIX % Rank
Industrials 		20.19% 0.00% 29.02% 13.93%
Financial Services 		18.63% 0.00% 60.11% 46.52%
Consumer Cyclical 		11.63% 0.00% 29.62% 42.34%
Energy 		9.86% 0.00% 29.17% 20.33%
Healthcare 		9.79% 0.00% 32.47% 42.06%
Real Estate 		8.12% 0.00% 40.74% 45.96%
Technology 		7.36% 0.00% 30.07% 79.11%
Consumer Defense 		5.17% 0.00% 33.79% 59.61%
Basic Materials 		3.58% 0.00% 23.88% 75.21%
Utilities 		3.39% 0.00% 24.69% 74.65%
Communication Services 		2.28% 0.00% 19.80% 52.92%

Stock Geographic Breakdown

Weighting Return Low Return High KSMIX % Rank
US 		98.87% 55.64% 100.58% 34.90%
Non US 		0.00% 0.00% 33.85% 75.90%

Bond Sector Breakdown

Weighting Return Low Return High KSMIX % Rank
Derivative 		0.00% -0.01% 1.48% 69.53%
Cash & Equivalents 		0.00% 0.00% 100.00% 93.91%
Securitized 		0.00% 0.00% 22.78% 69.78%
Corporate 		0.00% 0.00% 100.00% 71.96%
Municipal 		0.00% 0.00% 0.00% 69.47%
Government 		0.00% 0.00% 36.92% 69.78%

Bond Geographic Breakdown

Weighting Return Low Return High KSMIX % Rank
US 		1.11% 0.00% 19.09% 0.83%
Non US 		0.00% 0.00% 0.00% 68.98%

KSMIX - Expenses

Operational Fees

KSMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.67% 0.06% 25.08% 15.56%
Management Fee 1.00% 0.00% 1.20% 99.72%
12b-1 Fee 0.00% 0.00% 1.00% 15.34%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

KSMIX 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

KSMIX 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.

KSMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 227.00% 38.91%

KSMIX - Distributions

Dividend Yield Analysis

KSMIX Category Low Category High KSMIX % Rank
Dividend Yield 1.28% 0.00% 22.79% 4.17%

Dividend Distribution Analysis

KSMIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Quarterly

Net Income Ratio Analysis

KSMIX Category Low Category High KSMIX % Rank
Net Income Ratio 0.83% -1.84% 4.73% 46.09%

Capital Gain Distribution Analysis

KSMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

KSMIX - Fund Manager Analysis

Managers

Scott Butler

Start Date

Tenure

Tenure Rank

Jan 28, 2019

3.34

3.3%

Mr. Butler joined Teton Advisors with eight years combined investment experience at Intrepid Capital Management and Trust Company of the West (TCW). While at Intrepid, Mr. Butler covered the video game and software industries. At TCW, he worked alongside Mr. Galluccio on the small and mid cap portfolio management teams as a special situations generalist with a focus on software, industrial and medical technology sectors. Mr. Butler holds a B.A. from Claremont McKenna College and a B.S. from Columbia University.

Nicholas Galluccio

Start Date

Tenure

Tenure Rank

Jan 28, 2019

3.34

3.3%

Portfolio Manager of the TETON Westwood SmallCap Equity Fund and the TETON Westwood Mid-Cap Equity Fund, Mr. Galluccio, joined Teton Advisors, Inc. in 2008, after a 25 year career at Trust Company of the West (TCW) where he was Group Managing Director, U.S. Equities and led the investment team for the TCW SmallCap Value Added and TCW MidCap Value Opportunities equity strategies. He was senior portfolio manager and co-managed both strategies since their inception. Prior to TCW, he was with Lehman Brothers Kuhn Loeb where he was a security analyst specializing in the semiconductor industry. Prio

Thomas Browne

Start Date

Tenure

Tenure Rank

Jul 01, 2020

1.92

1.9%

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

Jul 01, 2020

1.92

1.9%

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.

Macrae Sykes

Start Date

Tenure

Tenure Rank

Jan 28, 2022

0.34

0.3%

Mr. Macrae Sykes has served as a portfolio manager of the Financial Services Fund since its inception. Mr. Sykes joined Gabelli in 2008 as a research analyst. He currently covers the investment services industry, and is a member of the portfolio management team of another fund within the Gabelli Fund Complex. Mr. Sykes holds a B.A. in economics from Hamilton College and an M.B.A. in finance from Columbia Business School.

Hendi Susanto

Start Date

Tenure

Tenure Rank

Jan 28, 2022

0.34

0.3%

Mr. Hendi Susanto, Vice President of Associated Capital Group Inc., is an associate portfolio manager for the Global Mini Mites Fund. Mr. Susanto joined Gabelli in 2007 as a research analyst. He currently covers the global technology industry. Mr. Susanto received a BS degree summa cum laude from the University of Minnesota, a MS from M.I.T., and an MBA from the Wharton School of Business

Brian Sponheimer

Start Date

Tenure

Tenure Rank

Jan 28, 2022

0.34

0.3%

Mr. Brian C. Sponheimer, a Senior Vice President of GBL, serves as an associate portfolio manager of the Fund. Mr. Sponheimer joined Gabelli in 2008 as a research analyst covering automotive and trucking companies. Currently he is a Senior Vice President of GBL, a portfolio manager of Gabelli Funds, LLC, and a lead analyst on the firm’s Industrial Research team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.15 10.92

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