TETON Westwood Balanced Fund Class AAA (WEBAX) NPORT-P TETON Westwood Balanced Fund (Dec 2023 report)

TETON

Westwood

Balanced

Fund

Schedule

of

Investments—December

31,

2023

(Unaudited)

1

ap

Shares

Market

Value

COMMON

STOCKS

 —

65.3%

Air

Freight

and

Logistics

 —

1.3%

1,935‌

FedEx

Corp.

.......................................................

$

489,497‌

Automotive:

Parts

and

Accessories

 —

0.7%

281‌

O'Reilly

Automotive

Inc.†

.................................

266,973‌

Banking

 —

1.2%

13,091‌

Bank

of

America

Corp.

......................................

440,774‌

Business

Services

 —

1.3%

1,881‌

Visa

Inc.,

Cl. A

....................................................

489,718‌

Commercial

Services

and

Supplies

 —

0.6%

1,320‌

Waste

Management

Inc.

....................................

236,412‌

Computer

Hardware

 —

4.0%

7,789‌

Apple

Inc.

...........................................................

1,499,616‌

Computer

Software

and

Services

 —

11.1%

1,508‌

Accenture

plc,

Cl. A

...........................................

529,172‌

6,821‌

Alphabet

Inc.,

Cl. A†

.........................................

952,825‌

1,316‌

CACI

International

Inc.,

Cl. A†

.........................

426,200‌

1,151‌

Cadence

Design

Systems

Inc.†

.........................

313,498‌

3,918‌

Microsoft

Corp.

..................................................

1,473,325‌

1,793‌

Salesforce

Inc.†

...................................................

471,810‌

4,166,830‌

Consumer

Products

 —

0.6%

2,387‌

Church

&

Dwight

Co.

Inc.

................................

225,715‌

Consumer

Services

 —

2.3%

5,681‌

Amazon.com

Inc.†

.............................................

863,171‌

Diversified

Industrial

 —

1.6%

2,923‌

Honeywell

International

Inc.

............................

612,982‌

Electronics

 —

2.0%

5,727‌

Microchip

Technology

Inc.

................................

516,461‌

357‌

Monolithic

Power

Systems

Inc.

........................

225,188‌

741,649‌

Energy

and

Energy

Services

 —

0.9%

2,939‌

EOG

Resources

Inc.

...........................................

355,472‌

Energy:

Integrated

 —

2.1%

2,530‌

DTE

Energy

Co.

.................................................

278,958‌

3,652‌

NextEra

Energy

Inc.

..........................................

221,822‌

3,621‌

WEC

Energy

Group

Inc.

...................................

304,780‌

805,560‌

Energy:

Oil

 —

2.7%

2,535‌

Chevron

Corp.

...................................................

378,121‌

2,559‌

ConocoPhillips

...................................................

297,023‌

3,492‌

Exxon

Mobil

Corp.

............................................

349,130‌

1,024,274‌

Equipment

and

Supplies

 —

3.1%

2,333‌

Amphenol

Corp.,

Cl. A

.....................................

231,271‌

1,992‌

Danaher

Corp.

...................................................

460,829‌

1,488‌

Hubbell

Inc.

........................................................

489,448‌

1,181,548‌

Financial

Services

 —

6.6%

5,677‌

American

International

Group

Inc.

..................

384,617‌

1,460‌

Arthur

J.

Gallagher

&

Co.

.................................

328,325‌

Shares

Market

Value

1,033‌

Berkshire

Hathaway

Inc.,

Cl. B†

.......................

$

368,430‌

2,479‌

JPMorgan

Chase

&

Co.

......................................

421,678‌

1,113‌

The

Goldman

Sachs

Group

Inc.

........................

429,362‌

1,369‌

The

Progressive

Corp.

.......................................

218,054‌

7,117‌

Wells

Fargo

&

Co.

..............................................

350,298‌

2,500,764‌

Food

and

Beverage

 —

1.7%

1,737‌

PepsiCo

Inc.

........................................................

295,012‌

1,890‌

The

Hershey

Co.

................................................

352,372‌

647,384‌

Health

Care

 —

7.8%

6,304‌

Abbott

Laboratories

...........................................

693,881‌

2,042‌

Becton

Dickinson

&

Co.

....................................

497,901‌

4,776‌

Gilead

Sciences

Inc.

...........................................

386,904‌

4,708‌

Johnson

&

Johnson

............................................

737,932‌

1,201‌

UnitedHealth

Group

Inc.

..................................

632,290‌

2,948,908‌

Real

Estate

 —

3.4%

2,781‌

Prologis

Inc.,

REIT

.............................................

370,707‌

1,181‌

Public

Storage,

REIT

..........................................

360,205‌

4,258‌

Ventas

Inc.,

REIT

................................................

212,219‌

10,216‌

VICI

Properties

Inc.,

REIT

.................................

325,686‌

1,268,817‌

Retail

 —

6.3%

6,088‌

CVS

Health

Corp.

..............................................

480,709‌

2,713‌

Dollar

General

Corp.

.........................................

368,832‌

1,428‌

Domino's

Pizza

Inc.

...........................................

588,664‌

1,506‌

The

Home

Depot

Inc.

........................................

521,904‌

2,635‌

Walmart

Inc.

.......................................................

415,408‌

2,375,517‌

Semiconductors

 —

1.5%

1,121‌

NVIDIA

Corp.

....................................................

555,142‌

Telecommunications

 —

1.3%

1,503‌

Motorola

Solutions

Inc.

.....................................

470,574‌

Transportation

 —

1.2%

1,878‌

Union

Pacific

Corp.

............................................

461,275‌

TOTAL

COMMON

STOCKS

.........................

24,628,572‌

Principal

Amount

CORPORATE

BONDS

 —

28.8%

Aerospace

 —

0.7%

$

255,000‌

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust,

4.450%,

10/01/25

..............................................

250,419‌

Banking

 —

1.9%

750,000‌

Fifth

Third

Bancorp,

2.375%,

01/28/25

..............................................

725,799‌

Computer

Hardware

 —

0.8%

295,000‌

Dell

International

LLC/EMC

Corp.,

5.750%,

02/01/33

..............................................

311,249‌

Computer

Software

and

Services

 —

1.7%

250,000‌

Cloud

Software

Group

Inc.,

6.500%,

03/31/29

..............................................

238,412‌

TETON

Westwood

Balanced

Fund

Schedule

of

Investments

(Continued)—December

31,

2023

(Unaudited)

2

Principal

Amount

Market

Value

CORPORATE

BONDS

(Continued)

Computer

Software

and

Services

(Continued)

Oracle

Corp.

$

240,000‌

6.250%,

11/09/32

..............................................

$

261,583‌

135,000‌

6.900%,

11/09/52

..............................................

158,667‌

658,662‌

Consumer

Products

 —

0.5%

200,000‌

G-III

Apparel

Group

Ltd.,

7.875%,

08/15/25

..............................................

200,226‌

Diversified

Industrial

 —

1.7%

510,000‌

Cabot

Corp.,

4.000%,

07/01/29

..............................................

484,898‌

191,000‌

Jabil

Inc.,

1.700%,

04/15/26

..............................................

177,100‌

661,998‌

Energy

and

Energy

Services

 —

2.8%

Energy

Transfer

LP

330,000‌

7.125%(a)(b)

....................................................

304,913‌

250,000‌

6.000%,

02/01/29

..............................................

252,410‌

235,000‌

6.250%,

04/15/49

..............................................

244,134‌

260,000‌

Plains

All

American

Pipeline

LP/PAA

Finance

Corp.,

3.800%,

09/15/30

..............................................

239,740‌

1,041,197‌

Energy:

Oil

 —

1.6%

10,000‌

Civitas

Resources

Inc.,

8.375%,

07/01/28

..............................................

10,453‌

95,000‌

Diamondback

Energy

Inc.,

6.250%,

03/15/33

..............................................

101,673‌

275,000‌

MPLX

LP,

2.650%,

08/15/30

..............................................

237,821‌

259,000‌

Piedmont

Natural

Gas

Co.

Inc.,

5.050%,

05/15/52

..............................................

242,387‌

592,334‌

Financial

Services

 —

6.2%

210,000‌

Ally

Financial

Inc.,

(U.S.

Secured

Overnight

Financing

Rate

+

3.26%),

6.992%,

06/13/29(b)

.........................................

217,510‌

500,000‌

Bank

of

America

Corp.,

(U.S.

Secured

Overnight

Financing

Rate

+

1.21%),

2.572%,

10/20/32(b)

.........................................

415,550‌

500,000‌

Bank

of

Montreal,

MTN,

2.650%,

03/08/27

..............................................

471,309‌

405,000‌

Blue

Owl

Capital

Corp.,

3.400%,

07/15/26

..............................................

376,843‌

500,000‌

Citigroup

Inc.,

(U.S.

Secured

Overnight

Financing

Rate

+

1.28%),

3.070%,

02/24/28(b)

.........................................

471,655‌

370,000‌

HSBC

Holdings

plc,

(U.S.

Secured

Overnight

Financing

Rate

+

3.03%),

7.336%,

11/03/26(b)

.........................................

384,446‌

2,337,313‌

Food

and

Beverage

 —

1.4%

250,000‌

Pilgrim's

Pride

Corp.,

6.250%,

07/01/33

..............................................

257,571‌

380,000‌

The

J.M.

Smucker

Co.,

3.550%,

03/15/50

..............................................

281,628‌

539,199‌

Principal

Amount

Market

Value

Health

Care

 —

1.5%

$

375,000‌

Amgen

Inc.,

2.200%,

02/21/27

..............................................

$

349,062‌

250,000‌

CHS/Community

Health

Systems

Inc.,

5.250%,

05/15/30

..............................................

209,994‌

559,056‌

Real

Estate

 —

2.2%

150,000‌

Brixmor

Operating

Partnership

LP,

2.250%,

04/01/28

..............................................

133,488‌

200,000‌

Iron

Mountain

Inc.,

5.000%,

07/15/28

..............................................

192,440‌

250,000‌

MPT

Operating

Partnership

LP/MPT

Finance

Corp.,

4.625%,

08/01/29

..............................................

179,993‌

265,000‌

Realty

Income

Corp.,

2.850%,

12/15/32

..............................................

225,671‌

113,000‌

Vornado

Realty

LP,

3.400%,

06/01/31

..............................................

87,611‌

819,203‌

Retail

 —

2.4%

200,000‌

AutoZone

Inc.,

1.650%,

01/15/31

..............................................

162,651‌

800,000‌

CVS

Health

Corp.,

3.250%,

08/15/29

..............................................

746,277‌

908,928‌

Semiconductors

 —

0.6%

235,000‌

Broadcom

Inc.,

4.150%,

11/15/30

..............................................

224,919‌

Telecommunications

 —

0.5%

270,000‌

Charter

Communications

Operating

LLC/

Charter

Communications

Operating

Capital

Corp.,

3.700%,

04/01/51

..............................................

176,568‌

Transportation

 —

2.3%

875,000‌

AP

Moller

-

Maersk

A/S,

4.500%,

06/20/29

..............................................

862,994‌

TOTAL

CORPORATE

BONDS

.......................

10,870,064‌

CONVERTIBLE

CORPORATE

BONDS

 —

0.9%

Health

Care

 —

0.9%

325,000‌

Exact

Sciences

Corp.,

0.375%,

03/15/27

..............................................

316,062‌

U.S.

GOVERNMENT

OBLIGATIONS

 —

3.9%

U.S.

Treasury

Bonds

—

3.9%

365,000‌

2.500%,

02/15/45

..............................................

277,642‌

565,000‌

2.500%,

05/15/46

..............................................

425,041‌

285,000‌

2.250%,

08/15/46

..............................................

203,619‌

285,000‌

1.875%,

02/15/51

..............................................

181,766‌

55,000‌

2.250%,

02/15/52

..............................................

38,337‌

410,000‌

3.000%,

08/15/52

..............................................

337,033‌

1,463,438‌

TETON

Westwood

Balanced

Fund

Schedule

of

Investments

(Continued)—December

31,

2023

(Unaudited)

3

__________

Shares

Market

Value

SHORT

TERM

INVESTMENT

 —

1.1%

Other

Investment

Companies

 —

1.1%

420,269‌

Dreyfus

Treasury

Securities

Cash

Management,

5.250%*

....................................

$

420,269‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$35,282,597)

...........................................

$

37,698,405‌

†

Non-income

producing

security.

(a)

Security

is

perpetual

and

has

no

stated

maturity

date.

(b)

Variable

rate

security.

Security

may

be

issued

at

a

fixed

coupon

rate,

which

converts

to

a

variable

rate

at

a

specified

date.

Rate

shown

is

the

rate

in

effect

as

of

December

31,

2023.

*

1

day

yield

as

of

December

31,

2023.

MTN

Medium

Term

Note

REIT

Real

Estate

Investment

Trust