TETON Westwood Balanced Fund
Schedule of Investments — December 31, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS — 67.2% | ||||||||
Aerospace — 1.3% | ||||||||
3,702 | L3Harris Technologies Inc. | $ | 699,752 | |||||
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| |||||||
Automotive: Parts and Accessories — 1.1% | ||||||||
1,363 | O’Reilly Automotive Inc.† | 616,853 | ||||||
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| |||||||
Banking — 1.9% | ||||||||
11,900 | Bank of America Corp. | 360,689 | ||||||
5,456 | JPMorgan Chase & Co. | 693,294 | ||||||
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| |||||||
1,053,983 | ||||||||
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| |||||||
Broadcasting — 2.0% | ||||||||
6,821 | Liberty Broadband Corp., Cl. C† | 1,080,242 | ||||||
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| |||||||
Business Services — 1.8% | ||||||||
4,471 | Visa Inc., Cl. A | 977,942 | ||||||
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| |||||||
Computer Software and Services — 16.4% | ||||||||
2,745 | Accenture plc, Cl. A | 717,021 | ||||||
8,105 | Activision Blizzard Inc. | 752,549 | ||||||
496 | Alphabet Inc., Cl. A† | 869,309 | ||||||
9,175 | Apple Inc. | 1,217,431 | ||||||
2,934 | CACI International Inc., Cl. A† | 731,534 | ||||||
5,400 | Cadence Design Systems Inc.† | 736,722 | ||||||
19,821 | Cisco Systems Inc. | 886,990 | ||||||
3,473 | Facebook Inc., Cl. A† | 948,685 | ||||||
5,494 | Fiserv Inc.† | 625,547 | ||||||
9,933 | Micron Technology Inc.† | 746,763 | ||||||
3,959 | Microsoft Corp. | 880,561 | ||||||
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| |||||||
9,113,112 | ||||||||
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| |||||||
Consumer Products — 1.5% | ||||||||
6,694 | Church & Dwight Co. Inc. | 583,918 | ||||||
2,997 | Colgate-Palmolive Co. | 256,273 | ||||||
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840,191 | ||||||||
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| |||||||
Consumer Services — 1.9% | ||||||||
327 | Amazon.com Inc.† | 1,065,016 | ||||||
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Diversified Industrial — 3.7% | ||||||||
2,920 | Eaton Corp. plc | 350,809 | ||||||
9,325 | Fortive Corp. | 660,397 | ||||||
1,831 | Honeywell International Inc. | 389,454 | ||||||
8,821 | Westinghouse Air Brake Technologies Corp. | 645,697 | ||||||
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2,046,357 | ||||||||
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| |||||||
Electronics — 3.0% | ||||||||
2,013 | Monolithic Power Systems Inc. | 737,221 | ||||||
5,672 | Texas Instruments Inc. | 930,945 | ||||||
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| |||||||
1,668,166 | ||||||||
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| |||||||
Energy and Energy Services — 0.6% | ||||||||
6,981 | EOG Resources Inc. | 348,142 | ||||||
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Energy: Integrated — 2.7% | ||||||||
5,361 | DTE Energy Co. | 650,879 | ||||||
4,236 | NextEra Energy Inc. | 326,807 | ||||||
5,735 | WEC Energy Group Inc. | 527,792 | ||||||
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1,505,478 | ||||||||
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| |||||||
Energy: Oil — 0.6% | ||||||||
8,007 | ConocoPhillips | 320,200 | ||||||
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| |||||||
Entertainment — 2.2% | ||||||||
6,867 | The Walt Disney Co.† | 1,244,163 | ||||||
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Equipment and Supplies — 1.3% | ||||||||
5,605 | Amphenol Corp., Cl. A | 732,966 | ||||||
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Financial Services — 1.9% | ||||||||
8,278 | American International Group Inc. | 313,405 | ||||||
2,572 | Assurant Inc. | 350,358 |
Shares | Market | |||||||
6,919 | The Charles Schwab Corp. | $ | 366,984 | |||||
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1,030,747 | ||||||||
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Food and Beverage — 1.1% | ||||||||
6,310 | Hormel Foods Corp. | 294,109 | ||||||
2,226 | PepsiCo Inc. | 330,116 | ||||||
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624,225 | ||||||||
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Health Care — 8.3% | ||||||||
5,945 | Abbott Laboratories | 650,918 | ||||||
3,547 | Becton, Dickinson and Co. | 887,530 | ||||||
8,052 | Johnson & Johnson | 1,267,224 | ||||||
7,585 | Medtronic plc | 888,507 | ||||||
2,649 | UnitedHealth Group Inc. | 928,951 | ||||||
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4,623,130 | ||||||||
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Real Estate — 1.1% | ||||||||
3,039 | Prologis Inc., REIT | 302,867 | ||||||
1,365 | Public Storage, REIT | 315,219 | ||||||
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618,086 | ||||||||
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Retail — 7.4% | ||||||||
15,010 | CVS Health Corp. | 1,025,183 | ||||||
3,481 | McDonald’s Corp. | 746,953 | ||||||
4,970 | NIKE Inc., Cl. B | 703,106 | ||||||
3,029 | The Home Depot Inc. | 804,563 | ||||||
5,625 | Walmart Inc. | 810,844 | ||||||
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4,090,649 | ||||||||
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Semiconductors — 1.1% | ||||||||
1,124 | NVIDIA Corp. | 586,953 | ||||||
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Telecommunications — 2.7% | ||||||||
4,281 | Motorola Solutions Inc. | 728,027 | ||||||
5,633 | T-Mobile US Inc.† | 759,610 | ||||||
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1,487,637 | ||||||||
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Transportation — 1.6% | ||||||||
4,345 | Union Pacific Corp. | 904,716 | ||||||
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TOTAL COMMON STOCKS | 37,278,706 | |||||||
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MANDATORY CONVERTIBLE SECURITIES (a) — 0.7% |
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Health Care — 0.7% | ||||||||
3,400 | Boston Scientific Corp.Ser. A, 06/01/23 | 372,538 | ||||||
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Principal | ||||||||
CORPORATE BONDS — 18.0% | ||||||||
Aerospace — 0.5% | ||||||||
$ | 255,000 | AerCap Ireland Capital DAC / AerCap Global | 284,216 | |||||
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Banking — 2.6% | ||||||||
750,000 | Fifth Third Bancorp, | 799,094 | ||||||
600,000 | The Goldman Sachs | 663,710 | ||||||
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1,462,804 | ||||||||
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Diversified Industrial — 1.0% | ||||||||
510,000 | Cabot Corp., | 552,809 | ||||||
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Energy and Energy Services — 1.0% | ||||||||
235,000 | Energy Transfer Operating LP, | 284,656 |
1
TETON Westwood Balanced Fund
Schedule of Investments (Continued) — December 31, 2020 (Unaudited)
Principal | Market | |||||
CORPORATE BONDS (Continued) | ||||||
Energy and Energy Services (Continued) | ||||||
$260,000 | Plains All American Pipeline LP / PAA Finance | $ | 279,848 | |||
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564,504 | ||||||
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Energy: Oil — 0.5% | ||||||
275,000 | MPLX LP, | 288,682 | ||||
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Financial Services — 2.7% | ||||||
138,000 | American Honda Finance Corp., MTN, | 140,203 | ||||
140,000 | Berkshire Hathaway Finance Corp., | 150,390 | ||||
600,000 | Capital One Financial Corp., | 657,730 | ||||
405,000 | Owl Rock Capital Corp., | 411,104 | ||||
118,000 | Schlumberger Finance Canada Ltd., | 121,510 | ||||
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1,480,937 | ||||||
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Food and Beverage — 0.8% | ||||||
380,000 | The J.M. Smucker Co., | 430,839 | ||||
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Health Care — 4.4% | ||||||
600,000 | Aetna Inc., | 659,216 | ||||
750,000 | Amgen Inc., | 804,460 | ||||
800,000 | CVS Health Corp., | 901,988 | ||||
54,000 | Gilead Sciences Inc., | 54,304 | ||||
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2,419,968 | ||||||
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Hotels and Gaming — 0.5% | ||||||
235,000 | Marriott International Inc., | 276,084 | ||||
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Real Estate — 0.8% | ||||||
150,000 | Essex Portfolio LP, | 164,814 | ||||
265,000 | VEREIT Operating Partnership LP, | 277,373 | ||||
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442,187 | ||||||
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Retail — 0.4% | ||||||
200,000 | AutoZone Inc., | 198,730 | ||||
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Semiconductors — 0.5% | ||||||
235,000 | Broadcom Inc., | 272,623 | ||||
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Telecommunications — 0.5% | ||||||
270,000 | Charter Communications Operating LLC / | 281,405 | ||||
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Principal | Market | |||||||
Transportation — 1.8% | ||||||||
$ | 875,000 | AP Moller - Maersk A/S, | $ | 1,026,979 | ||||
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TOTAL CORPORATE BONDS | 9,982,767 | |||||||
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CONVERTIBLE CORPORATE BONDS — 3.5% |
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Computer Software and Services — 1.5% |
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400,000 | Medallia Inc., | 445,785 | ||||||
350,000 | Splunk Inc., | 365,524 | ||||||
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811,309 | ||||||||
|
| |||||||
Energy: Integrated — 0.5% | ||||||||
205,000 | SolarEdge Technologies Inc., | |||||||
Zero Coupon, 09/15/25 | 282,300 | |||||||
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| |||||||
Health Care — 0.8% | ||||||||
325,000 | Exact Sciences Corp., | |||||||
0.375%, 03/15/27 | 451,375 | |||||||
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Security Software — 0.7% | ||||||||
300,000 | Akamai Technologies Inc., | |||||||
0.125%, 05/01/25 | 372,794 | |||||||
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TOTAL CONVERTIBLE | ||||||||
CORPORATE BONDS | 1,917,778 | |||||||
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U.S. GOVERNMENT AGENCY OBLIGATIONS — 3.0% |
| |||||||
Federal Home Loan Mortgage Corp. — 0.4% |
| |||||||
212,900 | 3.500%, 08/01/49 | 224,681 | ||||||
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| |||||||
Federal National Mortgage Association — 2.6% |
| |||||||
1,100,000 | 2.625%, 09/06/24 | 1,196,807 | ||||||
204,285 | 3.500%, 07/01/49 | 215,874 | ||||||
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| |||||||
1,412,681 | ||||||||
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| |||||||
TOTAL U.S. GOVERNMENT AGENCY |
| |||||||
OBLIGATIONS | 1,637,362 | |||||||
|
| |||||||
U.S. GOVERNMENT OBLIGATIONS — 7.1% |
| |||||||
U.S. Treasury Bonds — 3.2% | ||||||||
450,000 | 2.500%, 02/15/45 | 536,783 | ||||||
700,000 | 2.500%, 05/15/46 | 836,473 | ||||||
350,000 | 2.250%, 08/15/46 | 399,629 | ||||||
|
| |||||||
1,772,885 | ||||||||
|
| |||||||
U.S. Treasury Notes — 3.9% | ||||||||
500,000 | 2.250%, 08/15/27 | 554,541 | ||||||
675,000 | 2.250%, 11/15/27 | 749,593 | ||||||
545,000 | 2.625%, 02/15/29 | 625,728 | ||||||
225,000 | 2.375%, 05/15/29 | 254,320 | ||||||
|
| |||||||
2,184,182 | ||||||||
|
| |||||||
TOTAL U.S. GOVERNMENT OBLIGATIONS | 3,957,067 | |||||||
|
| |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.5% |
| |||||||
Other Investment Companies — 0.5% |
| |||||||
298,290 | Dreyfus Treasury Securities Cash Management, |
| ||||||
0.010%* | 298,290 | |||||||
|
| |||||||
TOTAL INVESTMENTS — 100.0% (Cost $47,075,343) |
| |||||||
$ | 55,444,508 | |||||||
|
|
2
TETON Westwood Balanced Fund
Schedule of Investments (Continued) — December 31, 2020 (Unaudited)
* | 1 day yield as of December 31, 2020. |
(a) | Mandatory convertible securities are required to be converted on the dates listed; they generally may be converted prior to these dates at the option of the holder. |
† Non-income producing security.
MTN Medium Term Note
REIT Real Estate Investment Trust
3