TETON Westwood Balanced Fund
Schedule of Investments — June 30, 2020 (Unaudited)
Shares | Market Value | |||||||
COMMON STOCKS — 63.8% | ||||||||
Aerospace — 1.2% | ||||||||
3,702 | L3Harris Technologies Inc. | $ | 628,118 | |||||
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| |||||||
Banking — 5.5% | ||||||||
31,041 | Bank of America Corp. | 737,224 | ||||||
12,903 | JPMorgan Chase & Co. | 1,213,656 | ||||||
36,013 | Wells Fargo & Co. | 921,933 | ||||||
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| |||||||
2,872,813 | ||||||||
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| |||||||
Broadcasting — 1.4% | ||||||||
5,856 | Liberty Broadband Corp., Cl. C† | 725,910 | ||||||
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Business Services — 1.5% | ||||||||
4,680 | Equifax Inc. | 804,398 | ||||||
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Computer Software and Services — 8.8% | ||||||||
4,105 | Activision Blizzard Inc. | 311,569 | ||||||
496 | Alphabet Inc., Cl. A† | 703,353 | ||||||
2,262 | Apple Inc. | 825,178 | ||||||
2,934 | CACI International Inc., Cl. A† | 636,326 | ||||||
20,381 | Cisco Systems Inc. | 950,570 | ||||||
7,098 | Micron Technology Inc.† | 365,689 | ||||||
3,959 | Microsoft Corp. | 805,696 | ||||||
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4,598,381 | ||||||||
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Consumer Products — 3.0% | ||||||||
11,110 | Church & Dwight Co. Inc. | 858,803 | ||||||
9,977 | Colgate-Palmolive Co. | 730,915 | ||||||
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1,589,718 | ||||||||
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Diversified Industrial — 3.6% | ||||||||
6,865 | Eaton Corp. plc | 600,550 | ||||||
9,325 | Fortive Corp. | 630,929 | ||||||
4,326 | Honeywell International Inc. | 625,496 | ||||||
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1,856,975 | ||||||||
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Electronics — 1.2% | ||||||||
4,947 | Texas Instruments Inc. | 628,121 | ||||||
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Energy and Energy Services — 0.9% | ||||||||
8,928 | EOG Resources Inc. | 452,292 | ||||||
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Energy: Integrated — 3.5% | ||||||||
5,361 | DTE Energy Co. | 576,307 | ||||||
2,729 | NextEra Energy Inc. | 655,424 | ||||||
6,853 | WEC Energy Group Inc. | 600,665 | ||||||
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| |||||||
1,832,396 | ||||||||
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Energy: Oil — 2.0% | ||||||||
6,386 | Chevron Corp. | 569,823 | ||||||
11,253 | ConocoPhillips | 472,851 | ||||||
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1,042,674 | ||||||||
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Entertainment — 1.5% | ||||||||
6,867 | The Walt Disney Co. | 765,739 | ||||||
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Financial Services — 7.8% | ||||||||
26,999 | American International Group Inc. | 841,829 | ||||||
5,884 | Assurant Inc. | 607,758 | ||||||
18,736 | Brookfield Asset Management Inc., Cl. A | 616,414 | ||||||
10,584 | Capital One Financial Corp. | 662,453 | ||||||
4,786 | Chubb Ltd. | 606,003 | ||||||
21,262 | The Charles Schwab Corp. | 717,380 | ||||||
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4,051,837 | ||||||||
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Food and Beverage — 2.6% | ||||||||
14,051 | Hormel Foods Corp. | 678,242 | ||||||
5,326 | PepsiCo Inc. | 704,417 | ||||||
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1,382,659 | ||||||||
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Health Care — 8.0% | ||||||||
8,190 | Abbott Laboratories | 748,812 |
Shares | Market Value | |||||||
3,547 | Becton, Dickinson and Co. | $ | 848,691 | |||||
8,052 | Johnson & Johnson | 1,132,353 | ||||||
7,585 | Medtronic plc | 695,545 | ||||||
2,649 | UnitedHealth Group Inc. | 781,323 | ||||||
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4,206,724 | ||||||||
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Real Estate — 2.5% | ||||||||
7,135 | Prologis Inc., REIT | 665,910 | ||||||
3,288 | Public Storage, REIT | 630,934 | ||||||
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1,296,844 | ||||||||
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Retail — 4.7% | ||||||||
16,495 | CVS Health Corp. | 1,071,680 | ||||||
3,481 | McDonald’s Corp. | 642,140 | ||||||
3,029 | The Home Depot Inc. | 758,795 | ||||||
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2,472,615 | ||||||||
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Telecommunications — 2.7% | ||||||||
26,220 | AT&T Inc. | 792,631 | ||||||
4,281 | Motorola Solutions Inc. | 599,897 | ||||||
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1,392,528 | ||||||||
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Transportation — 1.4% | ||||||||
4,345 | Union Pacific Corp. | 734,609 | ||||||
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TOTAL COMMON STOCKS | 33,335,351 | |||||||
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Principal | ||||||||
CORPORATE BONDS — 16.3% | ||||||||
Banking — 2.8% | ||||||||
$ | 750,000 | Fifth Third Bancorp, | 792,526 | |||||
600,000 | The Goldman Sachs | 661,897 | ||||||
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1,454,423 | ||||||||
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Computer Software and Services — 1.2% | ||||||||
635,000 | Oracle Corp., | 645,996 | ||||||
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Consumer Products — 1.0% | ||||||||
500,000 | Colgate-Palmolive Co., MTN, | 524,263 | ||||||
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Diversified Industrial — 1.9% | ||||||||
510,000 | Cabot Corp., | 528,930 | ||||||
462,000 | Honeywell International Inc., | 473,488 | ||||||
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1,002,418 | ||||||||
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Energy: Oil — 1.2% | ||||||||
595,000 | Halliburton Co., | 608,120 | ||||||
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Financial Services — 1.2% | ||||||||
600,000 | Capital One Financial Corp., | 650,921 | ||||||
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Food and Beverage — 0.7% | ||||||||
380,000 | The J.M. Smucker Co., | 393,866 | ||||||
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1
TETON Westwood Balanced Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
Principal | Market Value | |||||||
CORPORATE BONDS (Continued) | ||||||||
Health Care — 4.5% | ||||||||
$ | 600,000 | Aetna Inc., | $ | 650,923 | ||||
750,000 | Amgen Inc., | 792,120 | ||||||
800,000 | CVS Health Corp., | 885,621 | ||||||
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| |||||||
2,328,664 | ||||||||
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| |||||||
Transportation — 1.8% | ||||||||
875,000 | AP Moller - Maersk A/S, | 942,356 | ||||||
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TOTAL CORPORATE BONDS | 8,551,027 | |||||||
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U.S. GOVERNMENT AGENCY OBLIGATIONS — 3.7% |
| |||||||
Federal Home Loan Mortgage Corp. — 0.7% |
| |||||||
346,374 | 3.500%, 08/01/49 | 364,248 | ||||||
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Federal National Mortgage Association — 3.0% |
| |||||||
1,100,000 | 2.625%, 09/06/24 | 1,204,825 | ||||||
335,313 | 3.500%, 07/01/49 | 352,520 | ||||||
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| |||||||
1,557,345 | ||||||||
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| |||||||
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS | 1,921,593 | |||||||
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|
Principal | Market Value | |||||||
U.S. GOVERNMENT OBLIGATIONS — 13.4% |
| |||||||
U.S. Treasury Bonds — 4.4% | ||||||||
$ | 450,000 | 2.500%, 02/15/45 | $ | 555,372 | ||||
700,000 | 2.500%, 05/15/46 | 868,465 | ||||||
400,000 | 2.250%, 08/15/46 | 474,586 | ||||||
300,000 | 2.750%, 08/15/47 | 392,104 | ||||||
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| |||||||
2,290,527 | ||||||||
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| |||||||
U.S. Treasury Notes — 9.0% | ||||||||
600,000 | 1.500%, 01/15/23 | 620,203 | ||||||
500,000 | 2.000%, 02/15/25 | 540,010 | ||||||
500,000 | 0.625%, 03/31/27 | 505,137 | ||||||
500,000 | 2.250%, 08/15/27 | 561,689 | ||||||
675,000 | 2.250%, 11/15/27 | 760,364 | ||||||
450,000 | 2.750%, 02/15/28 | 525,023 | ||||||
545,000 | 2.625%, 02/15/29 | 638,746 | ||||||
475,000 | 2.375%, 05/15/29 | 548,282 | ||||||
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| |||||||
4,699,454 | ||||||||
|
| |||||||
TOTAL U.S. GOVERNMENT OBLIGATIONS | 6,989,981 | |||||||
|
| |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 2.8% | ||||||||
Other Investment Companies — 2.8% | ||||||||
1,458,192 | Dreyfus Treasury Securities Cash Management, 0.080%* | 1,458,192 | ||||||
|
| |||||||
TOTAL INVESTMENTS — 100.0% | $ | 52,256,144 | ||||||
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* | 1 day yield as of June 30, 2020. |
† | Non-income producing security. |
MTN | Medium Term Note |
REIT | Real Estate Investment Trust |
2