TETON Westwood Intermediate Bond Fund

Schedule of Investments — December 31, 2019 (Unaudited)

Principal Amount			Market Value
		CORPORATE BONDS — 81.8%
		Aerospace — 0.9%
	$  50,000	Arconic Inc., 5.400%, 04/15/21	$	51,564
		Agriculture — 2.7%
	140,000	Bunge Ltd Finance Corp., 4.350%, 03/15/24		147,168
		Automotive: Parts and Accessories — 0.9%
	50,000	Lear Corp., 5.250%, 01/15/25		51,402
		Banking — 1.9%
	50,000	JPMorgan Chase & Co.,
		3.207%, (3 Month USD LIBOR plus 0.70%) 04/01/23(a)		51,214
		3.166%, (3 Month USD LIBOR plus 1.23%) 10/24/23(a)		50,881
				102,095
		Business Services — 2.1%
	60,000	Aramark Services Inc., 4.750%, 06/01/26		62,539
	50,000	United Rentals North America Inc., 3.875%, 11/15/27		51,140
				113,679
		Computer Hardware — 2.0%
	100,000	Seagate HDD Cayman, 4.750%, 06/01/23		106,397
		Diversified Industrial — 7.3%
	50,000	Church & Dwight Co. Inc., 2.450%, 08/01/22		50,443
	75,000	CNH Industrial Capital LLC, 3.875%, 10/15/21		77,178
	85,000	Flowserve Corp., 4.000%, 11/15/23		87,829
	50,000	Stericycle Inc., 5.375%, 07/15/24(b)		52,604
	75,000	Trinity Industries Inc., 4.550%, 10/01/24		77,563
	50,000	Westinghouse Air Brake Technologies Corp., 4.375%, 08/15/23		52,604
				398,221
		Energy — 12.2%
	75,000	Energy Transfer Operating LP, 4.250%, 03/15/23		78,393
	50,000	EQM Midstream Partners LP, 4.750%, 07/15/23		50,190
	40,000	Kinder Morgan Energy Partners LP, 5.300%, 09/15/20		40,914
	250,000	MPLX LP, 6.250%, 10/15/22(b)		255,092
	75,000	NRG Energy Inc., 3.750%, 06/15/24(b)		77,616
	75,000	Plains All American Pipeline LP /PAA Finance Corp., 3.650%, 06/01/22		76,973
	79,000	Western Midstream Operating LP, 5.375%, 06/01/21		81,530
				660,708
		Financial Services — 17.8%
	50,000	Ally Financial Inc., 4.125%, 03/30/20		50,247

Principal Amount			Market Value
	$  150,000	Capital One Financial Corp., 3.750%, 04/24/24	$	158,079
	50,000	CDW LLC/CDW Finance Corp., 5.000%, 09/01/25		52,354
	50,000	CyrusOne LP/CyrusOne Finance Corp., 2.900%, 11/15/24		50,296
	125,000	Ford Motor Credit Co. LLC,
		3.157%, 08/04/20		125,510
		3.200%, 01/15/21		75,436
	125,000	General Motors Financial Co. Inc.,
		3.700%, 11/24/20		126,505
		3.271%, (3 Month USD LIBOR plus 1.31%) 06/30/22(a)		75,382
	40,000	Icahn Enterprises LP/Icahn Enterprises Finance Corp., 5.875%, 02/01/22		40,121
	75,000	Jefferies Financial Group Inc., 5.500%, 10/18/23		81,607
	125,000	MPT Operating Partnership LP /MPT Finance Corp., 6.375%, 03/01/24		130,154
				965,691
		Food and Beverage — 4.7%
	100,000	Anheuser-Busch InBev Finance Inc., 3.700%, 02/01/24		106,104
	50,000	Conagra Brands Inc., 3.250%, 09/15/22		51,232
	100,000	Mondelēz International Inc., 5.375%, 02/10/20		100,330
				257,666
		Health Care — 7.4%
	75,000	Bausch Health Cos. Inc., 7.000%, 03/15/24(b)		78,156
	35,000	Becton, Dickinson and Co.,
		2.404%, 06/05/20		35,040
		3.363%, 06/06/24		78,164
	100,000	HCA Inc., 5.000%, 03/15/24		109,421
	50,000	Tenet Healthcare Corp., 4.625%, 07/15/24		51,292
	50,000	WellCare Health Plans Inc., 5.250%, 04/01/25		52,125
				404,198
		Metals and Mining — 5.7%
	90,000	Freeport-McMoRan Inc., 4.000%, 11/14/21		92,511
	100,000	Kinross Gold Corp., 5.125%, 09/01/21		104,225
	50,000	Steel Dynamics Inc.,
		5.500%, 10/01/24		51,506
		5.000%, 12/15/26		63,841
				312,083
		Real Estate — 4.3%
	150,000	Service Properties Trust, 4.350%, 10/01/24		154,250
	75,000	Vornado Realty LP, 3.500%, 01/15/25		78,083
				232,333

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TETON Westwood Intermediate Bond Fund

Schedule of Investments (Continued) — December 31, 2019 (Unaudited)

Principal Amount			Market Value
		CORPORATE BONDS (Continued)
		Retail — 1.5%
	$  29,000	Macy’s Retail Holdings Inc., 2.875%, 02/15/23	$	28,929
	50,000	Walgreens Boots Alliance Inc., 3.300%, 11/18/21		50,962
				79,891
		Specialty Chemicals — 3.6%
	35,000	Celanese US Holdings LLC, 5.875%, 06/15/21		36,753
	75,000	Huntsman International LLC, 5.125%, 11/15/22		80,162
	75,000	Methanex Corp., 5.250%, 03/01/22		78,867
				195,782
		Telecommunications — 6.8%
	100,000	AT&T Inc., 3.900%, 03/11/24		106,438
	75,000	Charter Communications Operating LLC /Charter Communications Operating Capital, 4.464%, 07/23/22		78,861
	75,000	Equinix Inc., 5.375%, 05/15/27		81,591
	50,000	Level 3 Financing Inc., 5.375%, 01/15/24		50,958
	50,000	T-Mobile USA Inc., 4.000%, 04/15/22		51,312
				369,160
		TOTAL CORPORATE BONDS		4,448,038
		CONVERTIBLE CORPORATE BONDS — 1.8%
		Business Services — 0.9%
	50,000	Macquarie Infrastructure Corp., 2.000%, 10/01/23		47,940
		Computer Hardware — 0.9%
	50,000	Western Digital Corp., 1.500%, 02/01/24		49,219
		TOTAL CONVERTIBLE CORPORATE BONDS		97,159

Principal Amount			Market Value
		U.S. GOVERNMENT AGENCY OBLIGATIONS — 0.3%
		Government National Mortgage Association — 0.3%
	$3,243	6.000%, 12/15/33	$	3,706
	10,313	5.500%, 01/15/34		11,577
				15,283
		TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS		15,283
		U.S. GOVERNMENT OBLIGATIONS — 16.1%
		U.S. Treasury Bills — 4.9%
	269,000	U.S. Treasury Bills, 1.545% to 1.555%†, 02/20/20 to 02/27/20		268,422
		U.S. Treasury Notes — 7.5%
	150,000	2.625%, 06/15/21		152,203
	250,000	2.000%, 02/15/25		253,691
				405,894
		U.S. Treasury Bonds — 3.7%
	150,000	5.375%, 02/15/31		201,554
		TOTAL U.S. GOVERNMENT OBLIGATIONS		875,870
		TOTAL INVESTMENTS — 100.0% (Cost $5,304,452)	$	5,436,350

(a) The interest rates for these floating rate notes, which will change periodically, are based either on the prime rate or an index of market rates. The reflected rates are in effect as of December 31, 2019. The maturity dates reflected are the final maturity dates.

(b) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

† Represents annualized yields at dates of purchase.

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