Keeley Asset Management Corp. Launches KEELEY International Small Cap Value Fund

CHICAGO, Dec. 31, 2014 /PRNewswire/ -- Keeley Asset Management Corp. (Keeley), a leading investment boutique specializing in equity value strategies, today announced the launch of the KEELEY International Small Cap Value Fund. The Fund is a newly created series of the Keeley Funds, Inc. and offers the flexibility of two distinct share classes, Class A (KISVX) and Class I (KISIX).

The Fund will be managed by Keeley's new international value equity portfolio manager, Egor N. Rybakov, CFA.   Mr. Rybakov joined the firm in August 2014 with over 15 years of international investment experience.  His career has included the founding and management of an international value equity strategy at EDGE Asset Management/Principal Financial Group, and serving in various senior research and portfolio management roles at affiliates of Nuveen Investments (Tradewinds/NWQ) and Thornburg Investment Management.

"Our investment process is designed to identify what we believe to be strong companies that possess one or more of the following five key characteristics: quality and durable business operations, financial strength, skilled management, absolute undervaluation and the existence of clearly identifiable catalysts," said Rybakov.

The Fund employs a rigorous, "bottom-up" investment process that focuses on international small and mid-cap companies. The Fund's primary investment universe includes both developed and emerging foreign countries that possess stable political systems and established rules of law designed to support legitimate and reasonable business practices. Relative performance will be measured against the MSCI World ex-USA Small Cap Index.

"We are pleased to have Egor join us," said John L. Keeley, Jr., President and Chief Investment Officer of Keeley. "His entrepreneurial approach and investment philosophy make him an ideal fit within our boutique culture, and the addition of this strategy represents a natural extension of our value-oriented fund family."

The Fund is the eighth within the Keeley fund family, complementing the firm's domestic funds, which employ two investment philosophies.  One philosophy, which contains five strategies, focuses on complex change and restructuring.  The second philosophy, which contains two strategies, employs a dividend-oriented approach.

About Keeley Asset Management Corporation
Keeley Asset Management Corp. is a leading investment boutique dedicated to equity value investing. Founded in 1982 and based in Chicago, the firm serves both institutional and individual investors, through separately managed accounts and the Keeley Funds, an open-ended publicly traded mutual fund family.

Investors should carefully consider the Fund's investment objective, risks, management fees, and charges and expenses before investing. For a current prospectus or summary prospectus which contains this and other information, call 888-933-5391 or visit www.keeleyfunds.com. Please read the prospectus carefully before investing or sending money.

INVESTMENT RISKS: The Fund is subject to the typical risks of equity investing, which include, but are not limited to: loss of money, company-specific risks, the effects of interest rate fluctuations, investor psychology, and negative market or other general economic news. The Adviser's method of security selection may not be successful and the Fund may underperform the stock market as a whole. The value of your investment will increase or decrease, so your shares may be worth more or less money than your original investment. Investing in securities of small-cap companies presents more risks than investing in securities of more established or large-cap companies. Small-cap companies often have more limited resources and greater variation in operating results, leading to greater price volatility. Trading volumes may be lower, making such securities less liquid. By investing in foreign securities, the Fund faces the risks relating to such investments, which include: a lack of publicly available information about the issuers of securities; less stringent regulatory oversight; lack of uniform accounting, auditing, tax and financial reporting standards; high inflation rates, unfavorable economic practices; and expropriation and nationalization risks. Foreign stocks may underperform U.S. stocks and may be riskier, more volatile and less liquid than U.S. stocks.

© December 2014, Keeley Asset Management Corp., 111 W. Jackson Blvd., Suite 810, Chicago, IL 60604.

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SOURCE Keeley Asset Management Corp.

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