497

Keeley Funds, Inc.

401 South LaSalle Street

Suite 1201

Chicago, IL 60605

February 28, 2013

BY EDGAR

Securities and Exchange Commission

100 F Street NE

Washington DC 20549

Ladies and Gentlemen:

Keeley Funds, Inc.

1933 Act Registration No. 333-124430

1940 Act Registration No. 811-21761

On behalf of the Keeley Funds, Inc. (the “Corporation”), and each series of the Corporation (each, a “Fund” and collectively, the “Funds”) we are transmitting for electronic filing under the Securities Act of 1933, as amended, and Rule 497(e) thereunder, and the Investment Company Act of 1940, as amended, exhibits containing XBRL interactive data format risk/return summary information that mirrors the risk/return summary information contained in the prospectus of the Corporation dated January 31, 2013, as supplemented February 25, 2013, and filed pursuant to Rule 497(e) under the Securities Act of 1933, as amended.

The purpose of this filing is to submit the data in eXtensible Business Reporting Language format for the Funds.

Very truly yours,

KEELEY FUNDS, INC.

/s/ Robert Kurinsky

Robert Kurinsky

Secretary

XML

KEELEY FUNDS, INC.

Supplement dated February 25, 2013 to the

Prospectus dated January 31, 2013

The information in this Supplement updates information in, supersedes any contrary information in, and should be read in conjunction with, the prospectus of the Keeley Funds, Inc. (the "Corporation").

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Small Cap Value Fund—Fees and Expenses of the Fund" on page 1 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KSCVX)			Class I (KSCIX)
Management Fees		0.94	%		0.94	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.19	%		0.19	%
Dividend and/or Interest Expenses		0.01	%		0.01	%
Total Annual Fund Operating Expenses		1.39	%		1.14	%
Fee Waiver and/or Expense Reimbursement(a)		None			None
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Small Cap Dividend Value Fund—Fees and Expenses of the Fund" on page 7 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KSDVX)			Class I (KSDIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.31	%		0.31	%
Total Annual Fund Operating Expenses		1.56	%		1.31	%
Fee Waiver and/or Expense Reimbursement(a)		(0.17	)%		(0.17	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Small-Mid Cap Value Fund—Fees and Expenses of the Fund" on page 13 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KSMVX)			Class I (KSMIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.19	%		0.19	%
Dividend and/or Interest Expenses		0.01	%		0.01	%
Total Annual Fund Operating Expenses		1.45	%		1.20	%
Fee Waiver and/or Expense Reimbursement(a)		(0.05	)%		(0.05	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.40	%		1.15	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Mid Cap Value Fund—Fees and Expenses of the Fund" on page 19 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KMCVX)			Class I (KMCIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.28	%		0.28	%
Total Annual Fund Operating Expenses		1.53	%		1.28	%
Fee Waiver and/or Expense Reimbursement(a)		(0.14	)%		(0.14	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Mid Cap Dividend Value Fund—Fees and Expenses of the Fund" on page 25 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KMDVX)			Class I (KMDIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		1.56	%		1.56	%
Dividend and/or Interest Expenses		0.02	%		0.02	%
Total Annual Fund Operating Expenses		2.83	%		2.58	%
Fee Waiver and/or Expense Reimbursement(a)		(1.42	)%		(1.42	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.41	%		1.16	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY All Cap Value Fund—Fees and Expenses of the Fund" on page 31 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KACVX)			Class I (KACIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.22	%		0.22	%
Total Annual Fund Operating Expenses		1.47	%		1.22	%
Fee Waiver and/or Expense Reimbursement(a)		(0.08	)%		(0.08	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Alternative Value Fund—Fees and Expenses of the Fund" on page 37 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KALVX)			Class I (KALIX)
Management Fees		1.60	%		1.60	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.54	%		0.54	%
Dividend and/or Interest Expenses		0.08	%		0.08	%
Total Annual Fund Operating Expenses		2.47	%		2.22	%
Fee Waiver and/or Expense Reimbursement(a)		(0.50	)%		(0.50	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.97	%		1.72	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.89% for Class A Shares and 1.64% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

XML

Label

Element

Value

Risk/Return:

rr_RiskReturnAbstract

Registrant Name

dei_EntityRegistrantName

Keeley Funds, Inc.

Prospectus Date

rr_ProspectusDate

Jan. 31, 2013

Supplement [Text Block]

kfi2_SupplementTextBlock

KEELEY FUNDS, INC.

Supplement dated February 25, 2013 to the

Prospectus dated January 31, 2013

The information in this Supplement updates information in, supersedes any contrary information in, and should be read in conjunction with, the prospectus of the Keeley Funds, Inc. (the "Corporation").

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Small Cap Value Fund—Fees and Expenses of the Fund" on page 1 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KSCVX)			Class I (KSCIX)
Management Fees		0.94	%		0.94	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.19	%		0.19	%
Dividend and/or Interest Expenses		0.01	%		0.01	%
Total Annual Fund Operating Expenses		1.39	%		1.14	%
Fee Waiver and/or Expense Reimbursement(a)		None			None
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Small Cap Dividend Value Fund—Fees and Expenses of the Fund" on page 7 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KSDVX)			Class I (KSDIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.31	%		0.31	%
Total Annual Fund Operating Expenses		1.56	%		1.31	%
Fee Waiver and/or Expense Reimbursement(a)		(0.17	)%		(0.17	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Small-Mid Cap Value Fund—Fees and Expenses of the Fund" on page 13 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KSMVX)			Class I (KSMIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.19	%		0.19	%
Dividend and/or Interest Expenses		0.01	%		0.01	%
Total Annual Fund Operating Expenses		1.45	%		1.20	%
Fee Waiver and/or Expense Reimbursement(a)		(0.05	)%		(0.05	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.40	%		1.15	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Mid Cap Value Fund—Fees and Expenses of the Fund" on page 19 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KMCVX)			Class I (KMCIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.28	%		0.28	%
Total Annual Fund Operating Expenses		1.53	%		1.28	%
Fee Waiver and/or Expense Reimbursement(a)		(0.14	)%		(0.14	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Mid Cap Dividend Value Fund—Fees and Expenses of the Fund" on page 25 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KMDVX)			Class I (KMDIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		1.56	%		1.56	%
Dividend and/or Interest Expenses		0.02	%		0.02	%
Total Annual Fund Operating Expenses		2.83	%		2.58	%
Fee Waiver and/or Expense Reimbursement(a)		(1.42	)%		(1.42	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.41	%		1.16	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY All Cap Value Fund—Fees and Expenses of the Fund" on page 31 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KACVX)			Class I (KACIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.22	%		0.22	%
Total Annual Fund Operating Expenses		1.47	%		1.22	%
Fee Waiver and/or Expense Reimbursement(a)		(0.08	)%		(0.08	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Alternative Value Fund—Fees and Expenses of the Fund" on page 37 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KALVX)			Class I (KALIX)
Management Fees		1.60	%		1.60	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.54	%		0.54	%
Dividend and/or Interest Expenses		0.08	%		0.08	%
Total Annual Fund Operating Expenses		2.47	%		2.22	%
Fee Waiver and/or Expense Reimbursement(a)		(0.50	)%		(0.50	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.97	%		1.72	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.89% for Class A Shares and 1.64% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

Keeley Small Cap Value Fund

Risk/Return:

rr_RiskReturnAbstract

Supplement [Text Block]

kfi2_SupplementTextBlock

KEELEY FUNDS, INC.

Supplement dated February 25, 2013 to the

Prospectus dated January 31, 2013

The information in this Supplement updates information in, supersedes any contrary information in, and should be read in conjunction with, the prospectus of the Keeley Funds, Inc. (the "Corporation").

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Small Cap Value Fund—Fees and Expenses of the Fund" on page 1 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KSCVX)			Class I (KSCIX)
Management Fees		0.94	%		0.94	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.19	%		0.19	%
Dividend and/or Interest Expenses		0.01	%		0.01	%
Total Annual Fund Operating Expenses		1.39	%		1.14	%
Fee Waiver and/or Expense Reimbursement(a)		None			None
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES
(EXPENSES THAT YOU PAY EACH YEAR AS A
PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

January 31, 2014

Keeley Small Cap Value Fund | Class A

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

0.94%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Dividend and/or Interest Expenses

rr_Component1OtherExpensesOverAssets

0.01%

Other Expenses

rr_OtherExpensesOverAssets

0.19%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.39%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

none

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.39%

Keeley Small Cap Value Fund | Class I

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

0.94%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Dividend and/or Interest Expenses

rr_Component1OtherExpensesOverAssets

0.01%

Other Expenses

rr_OtherExpensesOverAssets

0.19%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.14%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

none

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.14%

Keeley Small Cap Dividend Value Fund

Risk/Return:

rr_RiskReturnAbstract

Supplement [Text Block]

kfi2_SupplementTextBlock

KEELEY FUNDS, INC.

Supplement dated February 25, 2013 to the

Prospectus dated January 31, 2013

The information in this Supplement updates information in, supersedes any contrary information in, and should be read in conjunction with, the prospectus of the Keeley Funds, Inc. (the "Corporation").

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Small Cap Dividend Value Fund—Fees and Expenses of the Fund" on page 7 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KSDVX)			Class I (KSDIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.31	%		0.31	%
Total Annual Fund Operating Expenses		1.56	%		1.31	%
Fee Waiver and/or Expense Reimbursement(a)		(0.17	)%		(0.17	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES
(EXPENSES THAT YOU PAY EACH YEAR AS A
PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

January 31, 2014

Keeley Small Cap Dividend Value Fund | Class A

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Other Expenses

rr_OtherExpensesOverAssets

0.31%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.56%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.17%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.39%

Keeley Small Cap Dividend Value Fund | Class I

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Other Expenses

rr_OtherExpensesOverAssets

0.31%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.31%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.17%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.14%

Keeley Small-Mid Cap Value Fund

Risk/Return:

rr_RiskReturnAbstract

Supplement [Text Block]

kfi2_SupplementTextBlock

KEELEY FUNDS, INC.

Supplement dated February 25, 2013 to the

Prospectus dated January 31, 2013

The information in this Supplement updates information in, supersedes any contrary information in, and should be read in conjunction with, the prospectus of the Keeley Funds, Inc. (the "Corporation").

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Small-Mid Cap Value Fund—Fees and Expenses of the Fund" on page 13 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KSMVX)			Class I (KSMIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.19	%		0.19	%
Dividend and/or Interest Expenses		0.01	%		0.01	%
Total Annual Fund Operating Expenses		1.45	%		1.20	%
Fee Waiver and/or Expense Reimbursement(a)		(0.05	)%		(0.05	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.40	%		1.15	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES
(EXPENSES THAT YOU PAY EACH YEAR AS A
PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

January 31, 2014

Keeley Small-Mid Cap Value Fund | Class A

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Dividend and/or Interest Expenses

rr_Component1OtherExpensesOverAssets

0.01%

Other Expenses

rr_OtherExpensesOverAssets

0.19%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.45%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.05%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.40%

Keeley Small-Mid Cap Value Fund | Class I

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Dividend and/or Interest Expenses

rr_Component1OtherExpensesOverAssets

0.01%

Other Expenses

rr_OtherExpensesOverAssets

0.19%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.20%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.05%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.15%

KEELEY MID CAP VALUE FUND

Risk/Return:

rr_RiskReturnAbstract

Supplement [Text Block]

kfi2_SupplementTextBlock

KEELEY FUNDS, INC.

Supplement dated February 25, 2013 to the

Prospectus dated January 31, 2013

The information in this Supplement updates information in, supersedes any contrary information in, and should be read in conjunction with, the prospectus of the Keeley Funds, Inc. (the "Corporation").

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Mid Cap Value Fund—Fees and Expenses of the Fund" on page 19 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KMCVX)			Class I (KMCIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.28	%		0.28	%
Total Annual Fund Operating Expenses		1.53	%		1.28	%
Fee Waiver and/or Expense Reimbursement(a)		(0.14	)%		(0.14	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES
(EXPENSES THAT YOU PAY EACH YEAR AS A
PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

January 31, 2014

KEELEY MID CAP VALUE FUND | Class A

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Other Expenses

rr_OtherExpensesOverAssets

0.28%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.53%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.14%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.39%

KEELEY MID CAP VALUE FUND | Class I

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Other Expenses

rr_OtherExpensesOverAssets

0.28%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.28%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.14%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.14%

Keeley Mid Cap Dividend Value Fund

Risk/Return:

rr_RiskReturnAbstract

Supplement [Text Block]

kfi2_SupplementTextBlock

KEELEY FUNDS, INC.

Supplement dated February 25, 2013 to the

Prospectus dated January 31, 2013

The information in this Supplement updates information in, supersedes any contrary information in, and should be read in conjunction with, the prospectus of the Keeley Funds, Inc. (the "Corporation").

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Mid Cap Dividend Value Fund—Fees and Expenses of the Fund" on page 25 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KMDVX)			Class I (KMDIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		1.56	%		1.56	%
Dividend and/or Interest Expenses		0.02	%		0.02	%
Total Annual Fund Operating Expenses		2.83	%		2.58	%
Fee Waiver and/or Expense Reimbursement(a)		(1.42	)%		(1.42	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.41	%		1.16	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES
(EXPENSES THAT YOU PAY EACH YEAR AS A
PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

January 31, 2014

Keeley Mid Cap Dividend Value Fund | Class A

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Dividend and/or Interest Expenses

rr_Component1OtherExpensesOverAssets

0.02%

Other Expenses

rr_OtherExpensesOverAssets

1.56%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

2.83%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(1.42%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.41%

Keeley Mid Cap Dividend Value Fund | Class I

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Dividend and/or Interest Expenses

rr_Component1OtherExpensesOverAssets

0.02%

Other Expenses

rr_OtherExpensesOverAssets

1.56%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

2.58%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(1.42%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.16%

Keeley All Cap Value Fund

Risk/Return:

rr_RiskReturnAbstract

Supplement [Text Block]

kfi2_SupplementTextBlock

KEELEY FUNDS, INC.

Supplement dated February 25, 2013 to the

Prospectus dated January 31, 2013

The information in this Supplement updates information in, supersedes any contrary information in, and should be read in conjunction with, the prospectus of the Keeley Funds, Inc. (the "Corporation").

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY All Cap Value Fund—Fees and Expenses of the Fund" on page 31 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KACVX)			Class I (KACIX)
Management Fees		1.00	%		1.00	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.22	%		0.22	%
Total Annual Fund Operating Expenses		1.47	%		1.22	%
Fee Waiver and/or Expense Reimbursement(a)		(0.08	)%		(0.08	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.39	%		1.14	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES
(EXPENSES THAT YOU PAY EACH YEAR AS A
PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

January 31, 2014

Keeley All Cap Value Fund | Class A

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Other Expenses

rr_OtherExpensesOverAssets

0.22%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.47%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.08%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.39%

Keeley All Cap Value Fund | Class I

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Other Expenses

rr_OtherExpensesOverAssets

0.22%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.22%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.08%)

^[1]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.14%

Keeley Alternative Value Fund

Risk/Return:

rr_RiskReturnAbstract

Supplement [Text Block]

kfi2_SupplementTextBlock

KEELEY FUNDS, INC.

Supplement dated February 25, 2013 to the

Prospectus dated January 31, 2013

The information in this Supplement updates information in, supersedes any contrary information in, and should be read in conjunction with, the prospectus of the Keeley Funds, Inc. (the "Corporation").

▪ The following table replaces in its entirety the table titled "Annual Fund Operating Expenses" in the section "KEELEY Alternative Value Fund—Fees and Expenses of the Fund" on page 37 of the Corporation's prospectus:

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)	Class A (KALVX)			Class I (KALIX)
Management Fees		1.60	%		1.60	%
Distribution (12b-1) Fees		0.25	%		0.00	%
Other Expenses		0.54	%		0.54	%
Dividend and/or Interest Expenses		0.08	%		0.08	%
Total Annual Fund Operating Expenses		2.47	%		2.22	%
Fee Waiver and/or Expense Reimbursement(a)		(0.50	)%		(0.50	)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.97	%		1.72	%

(a) The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.89% for Class A Shares and 1.64% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES
(EXPENSES THAT YOU PAY EACH YEAR AS A
PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

January 31, 2014

Keeley Alternative Value Fund | Class A

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.60%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Dividend and/or Interest Expenses

rr_Component1OtherExpensesOverAssets

0.08%

Other Expenses

rr_OtherExpensesOverAssets

0.54%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

2.47%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.50%)

^[2]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.97%

Keeley Alternative Value Fund | Class I

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

1.60%

Distribution (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Dividend and/or Interest Expenses

rr_Component1OtherExpensesOverAssets

0.08%

Other Expenses

rr_OtherExpensesOverAssets

0.54%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

2.22%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(0.50%)

^[2]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.72%

[1] The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.39% for Class A Shares and 1.14% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

[2] The Fund's adviser, Keeley Asset Management Corp. (the "Adviser"), has contractually agreed to waive a portion of its management fee or reimburse the Fund to the extent that total ordinary operating expenses during the current fiscal year as a percentage of average net assets for the Fund exceed 1.89% for Class A Shares and 1.64% for Class I Shares. The waiver excludes expenses related to taxes, interest charges, litigation and other extraordinary expenses, brokerage commissions and other charges relating to the purchase and sale of the Fund's portfolio securities. The waiver is in effect through January 31, 2014, and neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

XML

Document and Entity Information	12 Months Ended
	Jan. 31, 2013
Risk/Return:
Document Type	Other
Document Period End Date	Sep. 30, 2012
Registrant Name	Keeley Funds, Inc.
Central Index Key	0001324203
Amendment Flag	false
Document Creation Date	Feb. 25, 2013
Document Effective Date	Feb. 25, 2013
Prospectus Date	Jan. 31, 2013

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Registrant Name	dei_EntityRegistrantName	Keeley Funds, Inc.
Prospectus Date	rr_ProspectusDate	Jan. 31, 2013
Document Creation Date	dei_DocumentCreationDate	Feb. 25, 2013