TETON
Westwood
Balanced
Fund
Schedule
of
Investments—June
30,
2021
(Unaudited)
1
Shares
Market
Value
COMMON
STOCKS
—
66
.4
%
Aerospace
—
1
.5
%
3,702
L3Harris
Technologies
Inc.
.............................
$
800,187
Automotive
—
1
.2
%
11,095
General
Motors
Co.
†
........................................
656,491
Automotive:
Parts
and
Accessories
—
1
.3
%
1,228
O'Reilly
Automotive
Inc.
†
...............................
695,306
Banking
—
1
.9
%
7,110
Bank
of
America
Corp.
....................................
293,145
7,729
Western
Alliance
Bancorp
...............................
717,638
1,010,783
Business
Services
—
1
.3
%
3,131
Visa
Inc.
,
Cl. A
..................................................
732,091
Computer
Software
and
Services
—
11
.8
%
2,245
Accenture
plc
,
Cl. A
.........................................
661,803
6,315
Activision
Blizzard
Inc.
...................................
602,704
396
Alphabet
Inc.
,
Cl. A
†
.......................................
966,949
4,055
Cadence
Design
Systems
Inc.
†
.......................
554,805
18,211
Cisco
Systems
Inc.
...........................................
965,183
2,638
Facebook
Inc.
,
Cl. A
†
.......................................
917,259
8,143
Micron
Technology
Inc.
†
.................................
691,992
3,959
Microsoft
Corp.
................................................
1,072,493
6,433,188
Consumer
Finance
—
1
.2
%
4,100
Capital
One
Financial
Corp.
...........................
634,229
Consumer
Products
—
1
.0
%
2,864
Mohawk
Industries
Inc.
†
................................
550,432
Consumer
Services
—
2
.1
%
327
Amazon.com
Inc.
†
...........................................
1,124,932
Diversified
Industrial
—
2
.6
%
6,820
Eaton
Corp.
plc
................................................
1,010,588
1,831
Honeywell
International
Inc.
..........................
401,630
1,412,218
Electronics
—
2
.5
%
5,219
Microchip
Technology
Inc.
..............................
781,493
1,588
Monolithic
Power
Systems
Inc.
......................
593,039
1,374,532
Energy
and
Energy
Services
—
2
.3
%
7,551
EOG
Resources
Inc.
.........................................
630,055
7,922
Valero
Energy
Corp.
........................................
618,550
1,248,605
Energy:
Integrated
—
1
.1
%
2,391
DTE
Energy
Co.
...............................................
309,874
4,236
NextEra
Energy
Inc.
........................................
310,414
620,288
Energy:
Oil
—
1
.8
%
4,647
Chevron
Corp.
.................................................
486,727
7,842
ConocoPhillips
.................................................
477,578
964,305
Entertainment
—
1
.0
%
3,052
The
Walt
Disney
Co.
†
......................................
536,450
Shares
Market
Value
Equipment
and
Supplies
—
2
.6
%
8,115
Amphenol
Corp.
,
Cl. A
...................................
$
555,147
4,847
The
Middleby
Corp.
†
......................................
839,791
1,394,938
Financial
Services
—
7
.7
%
6,743
American
International
Group
Inc.
................
320,967
2,831
Berkshire
Hathaway
Inc.
,
Cl. B
†
.....................
786,792
5,448
Intercontinental
Exchange
Inc.
.......................
646,678
13,699
The
Charles
Schwab
Corp.
..............................
997,424
2,059
The
Goldman
Sachs
Group
Inc.
......................
781,452
3,386
The
PNC
Financial
Services
Group
Inc.
.........
645,913
4,179,226
Food
and
Beverage
—
0
.6
%
2,226
PepsiCo
Inc.
......................................................
329,826
Health
Care
—
6
.7
%
4,027
Becton,
Dickinson
and
Co.
..............................
979,326
3,917
Johnson
&
Johnson
..........................................
645,287
7,585
Medtronic
plc
...................................................
941,526
2,649
UnitedHealth
Group
Inc.
................................
1,060,765
3,626,904
Metals
and
Mining
—
1
.0
%
15,431
Freeport-McMoRan
Inc.
..................................
572,644
Real
Estate
—
1
.3
%
2,774
Prologis
Inc.
,
REIT
...........................................
331,576
1,185
Public
Storage
,
REIT
........................................
356,318
687,894
Retail
—
7
.4
%
12,510
CVS
Health
Corp.
............................................
1,043,835
3,064
Dollar
General
Corp.
.......................................
663,019
4,794
Ross
Stores
Inc.
................................................
594,456
2,279
The
Home
Depot
Inc.
......................................
726,750
7,020
Walmart
Inc.
.....................................................
989,960
4,018,020
Semiconductors
—
1
.7
%
1,124
NVIDIA
Corp.
..................................................
899,312
Telecommunications
—
1
.2
%
4,613
T-Mobile
US
Inc.
†
............................................
668,101
Transportation
—
1
.6
%
3,920
Union
Pacific
Corp.
..........................................
862,126
TOTAL
COMMON
STOCKS
.......................
36,033,028
MANDATORY
CONVERTIBLE
SECURITIES
(a)
—
0
.7
%
Health
Care
—
0
.7
%
3,400
Boston
Scientific
Corp.
,
Ser. A
,
5.500
%
,
06/01/23
............................................
394,604
Principal
Amount
CORPORATE
BONDS
—
18
.9
%
Aerospace
—
0
.5
%
$
255,000
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
4.450
%
,
10/01/25
............................................
281,153
TETON
Westwood
Balanced
Fund
Schedule
of
Investments
(Continued)—June
30,
2021
(Unaudited)
2
Principal
Amount
Market
Value
CORPORATE
BONDS
(Continued)
Banking
—
2
.6
%
$
750,000
Fifth
Third
Bancorp
,
2.375
%
,
01/28/25
............................................
$
786,948
600,000
The
Goldman
Sachs
Group
Inc.
,
MTN
,
3.850
%
,
07/08/24
............................................
649,188
1,436,136
Diversified
Industrial
—
1
.4
%
510,000
Cabot
Corp.
,
4.000
%
,
07/01/29
............................................
553,915
191,000
Jabil
Inc.
,
1.700
%
,
04/15/26
............................................
192,673
746,588
Energy
and
Energy
Services
—
1
.1
%
235,000
Energy
Transfer
LP
,
6.250
%
,
04/15/49
............................................
309,098
260,000
Plains
All
American
Pipeline
LP
/
PAA
Finance
Corp.
,
3.800
%
,
09/15/30
............................................
278,735
587,833
Energy:
Oil
—
0
.6
%
55,000
Diamondback
Energy
Inc.
,
3.125
%
,
03/24/31
............................................
57,122
275,000
MPLX
LP
,
2.650
%
,
08/15/30
............................................
278,102
335,224
Financial
Services
—
2
.7
%
138,000
American
Honda
Finance
Corp.
,
MTN
,
1.000
%
,
09/10/25
............................................
137,982
140,000
Berkshire
Hathaway
Finance
Corp.
,
2.850
%
,
10/15/50
............................................
140,160
600,000
Capital
One
Financial
Corp.
,
3.750
%
,
04/24/24
............................................
648,843
405,000
Owl
Rock
Capital
Corp.
,
3.400
%
,
07/15/26
............................................
422,682
118,000
Schlumberger
Finance
Canada
Ltd.
,
1.400
%
,
09/17/25
............................................
119,446
1,469,113
Food
and
Beverage
—
0
.8
%
380,000
The
J.M.
Smucker
Co.
,
3.550
%
,
03/15/50
............................................
413,628
Health
Care
—
2
.6
%
600,000
Aetna
Inc.
,
3.500
%
,
11/15/24
............................................
649,612
750,000
Amgen
Inc.
,
2.200
%
,
02/21/27
............................................
779,824
1,429,436
Hotels
and
Gaming
—
0
.5
%
235,000
Marriott
International
Inc.
,
4.625
%
,
06/15/30
............................................
271,122
Real
Estate
—
1
.0
%
150,000
Brixmor
Operating
Partnership
LP
,
2.250
%
,
04/01/28
............................................
150,101
265,000
VEREIT
Operating
Partnership
LP
,
2.850
%
,
12/15/32
............................................
277,593
113,000
Vornado
Realty
LP
,
3.400
%
,
06/01/31
............................................
117,087
544,781
Principal
Amount
Market
Value
Retail
—
2
.2
%
$
151,000
7-Eleven
Inc.
,
0.950
%
,
02/10/26
............................................
$
148,435
200,000
AutoZone
Inc.
,
1.650
%
,
01/15/31
............................................
190,784
800,000
CVS
Health
Corp.
,
3.250
%
,
08/15/29
............................................
869,987
1,209,206
Semiconductors
—
0
.5
%
235,000
Broadcom
Inc.
,
4.150
%
,
11/15/30
............................................
264,067
Telecommunications
—
0
.5
%
270,000
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
,
3.700
%
,
04/01/51
............................................
267,896
Transportation
—
1
.9
%
875,000
AP
Moller
-
Maersk
A/S
,
4.500
%
,
06/20/29
............................................
1,014,928
TOTAL
CORPORATE
BONDS
.....................
10,271,111
CONVERTIBLE
CORPORATE
BONDS
—
1
.4
%
Computer
Software
and
Services
—
0
.6
%
350,000
Splunk
Inc.
,
1.125
%
,
06/15/27
............................................
342,781
Health
Care
—
0
.8
%
325,000
Exact
Sciences
Corp.
,
0.375
%
,
03/15/27
............................................
431,641
TOTAL
CONVERTIBLE
CORPORATE
BONDS
.........................................................
774,422
U.S.
GOVERNMENT
AGENCY
OBLIGATIONS
—
2
.7
%
Federal
Home
Loan
Mortgage
Corp.
—
0.3%
134,760
3.500
%
,
08/01/49
............................................
141,821
Federal
National
Mortgage
Association
—
2.4%
1,100,000
2.625
%
,
09/06/24
............................................
1,175,904
129,537
3.500
%
,
07/01/49
............................................
136,399
TOTAL
U.S.
GOVERNMENT
AGENCY
OBLIGATIONS
...........................................
1,454,124
U.S.
GOVERNMENT
OBLIGATIONS
—
9
.4
%
U.S.
Treasury
Bonds
—
4.0%
450,000
2.500
%
,
02/15/45
............................................
487,354
700,000
2.500
%
,
05/15/46
............................................
759,035
350,000
2.250
%
,
08/15/46
............................................
362,236
550,000
1.875
%
,
02/15/51
............................................
525,594
2,134,219
U.S.
Treasury
Notes
—
5.4%
900,000
0.250
%
,
05/15/24
............................................
895,219
900,000
0.750
%
,
05/31/26
............................................
895,359
330,000
2.250
%
,
11/15/27
............................................
353,287
545,000
2.625
%
,
02/15/29
............................................
598,169
TETON
Westwood
Balanced
Fund
Schedule
of
Investments
(Continued)—June
30,
2021
(Unaudited)
3
__________
Principal
Amount
Market
Value
U.S.
GOVERNMENT
OBLIGATIONS
(Continued)
$
225,000
2.375
%
,
05/15/29
............................................
$
243,013
2,985,047
TOTAL
U.S.
GOVERNMENT
OBLIGATIONS
...........................................
5,119,266
Shares
SHORT
TERM
INVESTMENT
—
0
.5
%
Other
Investment
Companies
—
0
.5
%
262,940
Dreyfus
Treasury
Securities
Cash
Management
,
0.010
%
*
..................................
262,940
TOTAL
INVESTMENTS
—
100.0%
(Cost
$
45,942,294
)
.........................................
$
54,309,495
†
Non-income
producing
security.
(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.
*
1
day
yield
as
of
June
30,
2021.
MTN
Medium
Term
Note
REIT
Real
Estate
Investment
Trust