KSMIX Fees and Costs — Keeley Gabelli SMID Cap Value Fund, Class I
Data updated: 2026-08-31
The net expense ratio is 1.18% (1.60% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $22K in broker commissions, 0.0814% of average net assets, and portfolio turnover was 17%.
KSMIX Fees and Expenses
Annual operating expenses and sales charges of KSMIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.56% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.18% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
KSMIX Costs Over Time
On $10,000 invested in KSMIX, assuming 5% a year before costs, total costs come to $785 over 5 years, cutting the return by 1.32% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.18%) | $124 | $386 | $667 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $433 | $785 |
| Value after costs | $10,368 | $11,144 | $11,978 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
KSMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0814%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $10.0M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
KSMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $7K | 33.87% |
| Raymond James & Associates, Inc. | $3K | 13.79% |
| Stifel, Nicolaus & Company, Incorporated | $3K | 13.13% |
| WELLS FARGO CLEARING SERVICES, LLC | $2K | 9.40% |
| PIPER SANDLER & CO. | $2K | 8.84% |
| RBC CAPITAL MARKETS, LLC | $1K | 6.79% |
| J.P. MORGAN SECURITIES LLC | $906 | 4.10% |
| KEYBANC CAPITAL MARKETS, INC. | $897 | 4.06% |
| JEFFERIES LLC | $847 | 3.84% |
| Keefe, Bruyette & Woods, Inc. | $480 | 2.17% |
KSMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Nesbitt Burns Securities Ltd. | $5.4M | 54.16% |
| BARCLAYS CAPITAL, INC. | $1.8M | 17.97% |
| GOLDMAN SACHS & CO. LLC | $1.6M | 15.94% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $1.2M | 11.70% |
| BOFA SECURITIES, INC. | $23K | 0.24% |
Keeley Gabelli SMID Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| KSMIX | Class I | 1.18% | none |
| KSMVX | Class A | 1.43% | 4.50% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.