TETON
Westwood
Balanced
Fund
Schedule
of
Investments—June
30,
2024
(Unaudited)
1
ap
Shares
Market
Value
COMMON
STOCKS
—
67.7%
Aerospace
—
1.2%
1,553
General
Dynamics
Corp.
...................................
$
450,588
Air
Freight
and
Logistics
—
1.6%
1,935
FedEx
Corp.
.......................................................
580,190
Automotive:
Parts
and
Accessories
—
1.2%
441
O'Reilly
Automotive
Inc.†
.................................
465,723
Banking
—
1.4%
13,091
Bank
of
America
Corp.
......................................
520,629
Business
Services
—
1.3%
1,881
Visa
Inc.,
Cl. A
....................................................
493,706
Commercial
Services
and
Supplies
—
0.6%
1,111
Waste
Management
Inc.
....................................
237,021
Computer
Hardware
—
5.0%
7,789
Apple
Inc.
...........................................................
1,640,519
6,267
HP
Inc.
................................................................
219,471
1,859,990
Computer
Software
and
Services
—
10.3%
1,508
Accenture
plc,
Cl. A
...........................................
457,542
2,558
Alphabet
Inc.,
Cl. A
...........................................
465,940
1,070
CACI
International
Inc.,
Cl. A†
.........................
460,239
878
Cadence
Design
Systems
Inc.†
.........................
270,205
3,765
Microsoft
Corp.
..................................................
1,682,767
2,003
Salesforce
Inc.
.....................................................
514,971
3,851,664
Consumer
Products
—
0.7%
2,387
Church
&
Dwight
Co.
Inc.
................................
247,484
Consumer
Services
—
1.8%
3,549
Amazon.com
Inc.†
.............................................
685,844
Diversified
Industrial
—
1.3%
2,300
Honeywell
International
Inc.
............................
491,142
Electronics
—
1.8%
4,613
Microchip
Technology
Inc.
................................
422,090
287
Monolithic
Power
Systems
Inc.
........................
235,822
657,912
Energy
and
Energy
Services
—
1.3%
1,874
EOG
Resources
Inc.
...........................................
235,880
1,613
Valero
Energy
Corp.
..........................................
252,854
488,734
Energy:
Integrated
—
2.2%
2,530
DTE
Energy
Co.
.................................................
280,855
3,652
NextEra
Energy
Inc.
..........................................
258,598
3,621
WEC
Energy
Group
Inc.
...................................
284,104
823,557
Energy:
Oil
—
2.7%
2,535
Chevron
Corp.
...................................................
396,525
2,031
ConocoPhillips
...................................................
232,306
3,292
Exxon
Mobil
Corp.
............................................
378,975
1,007,806
Equipment
and
Supplies
—
4.9%
3,310
Amphenol
Corp.,
Cl. A
.....................................
222,995
Shares
Market
Value
3,269
Boise
Cascade
Co.
..............................................
$
389,730
1,992
Danaher
Corp.
...................................................
497,701
1,331
Hubbell
Inc.
........................................................
486,454
969
Littelfuse
Inc.
......................................................
247,667
1,844,547
Financial
Services
—
9.0%
5,677
American
International
Group
Inc.
..................
421,460
1,460
Arthur
J.
Gallagher
&
Co.
.................................
378,593
942
Berkshire
Hathaway
Inc.,
Cl. B†
.......................
383,206
2,869
JPMorgan
Chase
&
Co.,
CDI
.............................
580,284
5,770
The
Charles
Schwab
Corp.
................................
425,191
1,113
The
Goldman
Sachs
Group
Inc.
........................
503,432
1,205
The
Progressive
Corp.
.......................................
250,290
7,117
Wells
Fargo
&
Co.
..............................................
422,679
3,365,135
Food
and
Beverage
—
1.7%
1,737
PepsiCo
Inc.
........................................................
286,483
1,890
The
Hershey
Co.
................................................
347,439
633,922
Health
Care
—
6.5%
6,304
Abbott
Laboratories
...........................................
655,049
2,042
Becton
Dickinson
&
Co.
....................................
477,236
4,708
Johnson
&
Johnson
............................................
688,121
1,201
UnitedHealth
Group
Inc.
..................................
611,621
2,432,027
Real
Estate
—
2.2%
3,220
Federal
Realty
Investment
Trust,
REIT
............
325,123
4,329
Prologis
Inc.,
REIT
.............................................
486,190
811,313
Retail
—
5.8%
2,848
Darden
Restaurants
Inc.
....................................
430,959
2,355
Dollar
General
Corp.
.........................................
311,402
439
Domino's
Pizza
Inc.
...........................................
226,669
1,668
McDonald's
Corp.
..............................................
425,073
669
The
Home
Depot
Inc.
........................................
230,297
7,905
Walmart
Inc.
.......................................................
535,247
2,159,647
Semiconductors
—
2.1%
6,210
NVIDIA
Corp.
....................................................
767,183
Transportation
—
1.1%
1,878
Union
Pacific
Corp.
............................................
424,916
TOTAL
COMMON
STOCKS
.........................
25,300,680
Principal
Amount
CORPORATE
BONDS
—
27.4%
Aerospace
—
0.7%
$
255,000
AerCap
Ireland
Capital
DAC/AerCap
Global
Aviation
Trust,
4.450%,
10/01/25
..............................................
251,530
Banking
—
1.2%
450,000
Fifth
Third
Bancorp,
2.375%,
01/28/25
..............................................
441,316
TETON
Westwood
Balanced
Fund
Schedule
of
Investments
(Continued)—June
30,
2024
(Unaudited)
2
Principal
Amount
Market
Value
CORPORATE
BONDS
(Continued)
Computer
Hardware
—
0.8%
$
295,000
Dell
International
LLC/EMC
Corp.,
5.750%,
02/01/33
..............................................
$
303,986
Computer
Software
and
Services
—
1.7%
250,000
Cloud
Software
Group
Inc.,
6.500%,
03/31/29
..............................................
239,931
Oracle
Corp.
240,000
6.250%,
11/09/32
..............................................
254,627
135,000
6.900%,
11/09/52
..............................................
152,007
646,565
Consumer
Products
—
0.5%
200,000
G-III
Apparel
Group
Ltd.,
7.875%,
08/15/25
..............................................
200,823
Diversified
Industrial
—
1.8%
510,000
Cabot
Corp.,
4.000%,
07/01/29
..............................................
481,424
191,000
Jabil
Inc.,
1.700%,
04/15/26
..............................................
178,538
659,962
Energy
and
Energy
Services
—
2.8%
Energy
Transfer
LP
330,000
7.125%(a)(b)
....................................................
327,640
250,000
6.000%,
02/01/29
..............................................
251,911
235,000
6.250%,
04/15/49
..............................................
235,027
260,000
Plains
All
American
Pipeline
LP/PAA
Finance
Corp.,
3.800%,
09/15/30
..............................................
237,781
1,052,359
Energy:
Oil
—
1.5%
10,000
Civitas
Resources
Inc.,
8.375%,
07/01/28
..............................................
10,490
95,000
Diamondback
Energy
Inc.,
6.250%,
03/15/33
..............................................
99,739
275,000
MPLX
LP,
2.650%,
08/15/30
..............................................
237,451
259,000
Piedmont
Natural
Gas
Co.
Inc.,
5.050%,
05/15/52
..............................................
227,749
575,429
Financial
Services
—
6.8%
210,000
Ally
Financial
Inc.,
(U.S.
Secured
Overnight
Financing
Rate
+
3.26%),
6.992%,
06/13/29(a)
.........................................
218,088
500,000
Bank
of
America
Corp.,
(U.S.
Secured
Overnight
Financing
Rate
+
1.21%),
2.572%,
10/20/32(a)
.........................................
415,329
500,000
Bank
of
Montreal,
MTN,
2.650%,
03/08/27
..............................................
468,957
405,000
Blue
Owl
Capital
Corp.,
3.400%,
07/15/26
..............................................
381,724
500,000
Citigroup
Inc.,
(U.S.
Secured
Overnight
Financing
Rate
+
1.28%),
3.070%,
02/24/28(a)
.........................................
472,018
370,000
HSBC
Holdings
plc,
(U.S.
Secured
Overnight
Financing
Rate
+
3.03%),
7.336%,
11/03/26(a)
.........................................
378,047
Principal
Amount
Market
Value
$
190,000
State
Street
Corp.,
Ser.
I,
(5
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
2.61%),
6.700%,
(a)(b)
..................................................
$
191,645
2,525,808
Food
and
Beverage
—
1.4%
250,000
Pilgrim's
Pride
Corp.,
6.250%,
07/01/33
..............................................
255,050
380,000
The
J.M.
Smucker
Co.,
3.550%,
03/15/50
..............................................
264,040
519,090
Health
Care
—
0.6%
250,000
CHS/Community
Health
Systems
Inc.,
5.250%,
05/15/30
..............................................
206,131
Real
Estate
—
1.9%
150,000
Brixmor
Operating
Partnership
LP,
2.250%,
04/01/28
..............................................
133,966
200,000
Iron
Mountain
Inc.,
5.000%,
07/15/28
..............................................
191,767
250,000
MPT
Operating
Partnership
LP/MPT
Finance
Corp.,
4.625%,
08/01/29
..............................................
181,708
265,000
Realty
Income
Corp.,
2.850%,
12/15/32
..............................................
218,957
726,398
Retail
—
2.4%
200,000
AutoZone
Inc.,
1.650%,
01/15/31
..............................................
160,787
800,000
CVS
Health
Corp.,
3.250%,
08/15/29
..............................................
726,859
887,646
Semiconductors
—
0.6%
235,000
Broadcom
Inc.,
4.150%,
11/15/30
..............................................
222,312
Telecommunications
—
0.4%
270,000
Charter
Communications
Operating
LLC/
Charter
Communications
Operating
Capital
Corp.,
3.700%,
04/01/51
..............................................
165,152
Transportation
—
2.3%
875,000
AP
Moller
-
Maersk
A/S,
4.500%,
06/20/29
..............................................
854,967
TOTAL
CORPORATE
BONDS
.......................
10,239,474
CONVERTIBLE
CORPORATE
BONDS
—
0.7%
Health
Care
—
0.7%
325,000
Exact
Sciences
Corp.,
0.375%,
03/15/27
..............................................
283,261
U.S.
GOVERNMENT
OBLIGATIONS
—
3.5%
U.S.
Treasury
Bonds
—
3.5%
365,000
2.500%,
02/15/45
..............................................
261,788
565,000
2.500%,
05/15/46
..............................................
399,429
285,000
2.250%,
08/15/46
..............................................
191,106
235,000
1.875%,
02/15/51
..............................................
138,264
TETON
Westwood
Balanced
Fund
Schedule
of
Investments
(Continued)—June
30,
2024
(Unaudited)
3
__________
Principal
Amount
Market
Value
U.S.
GOVERNMENT
OBLIGATIONS
(Continued)
$
410,000
3.000%,
08/15/52
..............................................
$
310,551
1,301,138
Shares
SHORT
TERM
INVESTMENT
—
0.7%
Other
Investment
Companies
—
0.7%
252,770
Dreyfus
Treasury
Securities
Cash
Management,
5.180%*
....................................
252,770
TOTAL
INVESTMENTS
—
100.0%
(Cost
$33,960,368)
...........................................
$
37,377,323
†
Non-income
producing
security.
(a)
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
June
30,
2024.
(b)
Security
is
perpetual
and
has
no
stated
maturity
date.
*
1
day
yield
as
of
June
30,
2024.
CDI
CHESS
(Australia)
Depository
Interest
MTN
Medium
Term
Note
REIT
Real
Estate
Investment
Trust