TETON Westwood Balanced Fund

Schedule of Investments — June 30, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS — 63.8%
		Aerospace — 1.2%
	3,702	L3Harris Technologies Inc.	$	628,118
		Banking — 5.5%
	31,041	Bank of America Corp.		737,224
	12,903	JPMorgan Chase & Co.		1,213,656
	36,013	Wells Fargo & Co.		921,933
				2,872,813
		Broadcasting — 1.4%
	5,856	Liberty Broadband Corp., Cl. C†		725,910
		Business Services — 1.5%
	4,680	Equifax Inc.		804,398
		Computer Software and Services — 8.8%
	4,105	Activision Blizzard Inc.		311,569
	496	Alphabet Inc., Cl. A†		703,353
	2,262	Apple Inc.		825,178
	2,934	CACI International Inc., Cl. A†		636,326
	20,381	Cisco Systems Inc.		950,570
	7,098	Micron Technology Inc.†		365,689
	3,959	Microsoft Corp.		805,696
				4,598,381
		Consumer Products — 3.0%
	11,110	Church & Dwight Co. Inc.		858,803
	9,977	Colgate-Palmolive Co.		730,915
				1,589,718
		Diversified Industrial — 3.6%
	6,865	Eaton Corp. plc		600,550
	9,325	Fortive Corp.		630,929
	4,326	Honeywell International Inc.		625,496
				1,856,975
		Electronics — 1.2%
	4,947	Texas Instruments Inc.		628,121
		Energy and Energy Services — 0.9%
	8,928	EOG Resources Inc.		452,292
		Energy: Integrated — 3.5%
	5,361	DTE Energy Co.		576,307
	2,729	NextEra Energy Inc.		655,424
	6,853	WEC Energy Group Inc.		600,665
				1,832,396
		Energy: Oil — 2.0%
	6,386	Chevron Corp.		569,823
	11,253	ConocoPhillips		472,851
				1,042,674
		Entertainment — 1.5%
	6,867	The Walt Disney Co.		765,739
		Financial Services — 7.8%
	26,999	American International Group Inc.		841,829
	5,884	Assurant Inc.		607,758
	18,736	Brookfield Asset Management Inc., Cl. A		616,414
	10,584	Capital One Financial Corp.		662,453
	4,786	Chubb Ltd.		606,003
	21,262	The Charles Schwab Corp.		717,380
				4,051,837
		Food and Beverage — 2.6%
	14,051	Hormel Foods Corp.		678,242
	5,326	PepsiCo Inc.		704,417
				1,382,659
		Health Care — 8.0%
	8,190	Abbott Laboratories		748,812

Shares			Market Value
	3,547	Becton, Dickinson and Co.	$	848,691
	8,052	Johnson & Johnson		1,132,353
	7,585	Medtronic plc		695,545
	2,649	UnitedHealth Group Inc.		781,323
				4,206,724
		Real Estate — 2.5%
	7,135	Prologis Inc., REIT		665,910
	3,288	Public Storage, REIT		630,934
				1,296,844
		Retail — 4.7%
	16,495	CVS Health Corp.		1,071,680
	3,481	McDonald’s Corp.		642,140
	3,029	The Home Depot Inc.		758,795
				2,472,615
		Telecommunications — 2.7%
	26,220	AT&T Inc.		792,631
	4,281	Motorola Solutions Inc.		599,897
				1,392,528
		Transportation — 1.4%
	4,345	Union Pacific Corp.		734,609
		TOTAL COMMON STOCKS		33,335,351
Principal Amount
		CORPORATE BONDS — 16.3%
		Banking — 2.8%
$	750,000	Fifth Third Bancorp, 2.375%, 01/28/25		792,526
	600,000	The Goldman Sachs Group Inc., MTN, 3.850%, 07/08/24		661,897
				1,454,423
		Computer Software and Services — 1.2%
	635,000	Oracle Corp., 1.900%, 09/15/21		645,996
		Consumer Products — 1.0%
	500,000	Colgate-Palmolive Co., MTN, 2.100%, 05/01/23		524,263
		Diversified Industrial — 1.9%
	510,000	Cabot Corp., 4.000%, 07/01/29		528,930
	462,000	Honeywell International Inc., 1.350%, 06/01/25		473,488
				1,002,418
		Energy: Oil — 1.2%
	595,000	Halliburton Co., 3.250%, 11/15/21		608,120
		Financial Services — 1.2%
	600,000	Capital One Financial Corp., 3.750%, 04/24/24		650,921
		Food and Beverage — 0.7%
	380,000	The J.M. Smucker Co., 3.550%, 03/15/50		393,866

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TETON Westwood Balanced Fund

Schedule of Investments (Continued) — June 30, 2020 (Unaudited)

Principal Amount			Market Value
		CORPORATE BONDS (Continued)
		Health Care — 4.5%
$	600,000	Aetna Inc., 3.500%, 11/15/24	$	650,923
	750,000	Amgen Inc., 2.200%, 02/21/27		792,120
	800,000	CVS Health Corp., 3.250%, 08/15/29		885,621
				2,328,664
		Transportation — 1.8%
	875,000	AP Moller - Maersk A/S, 4.500%, 06/20/29		942,356
		TOTAL CORPORATE BONDS		8,551,027
		U.S. GOVERNMENT AGENCY OBLIGATIONS — 3.7%
		Federal Home Loan Mortgage Corp. — 0.7%
	346,374	3.500%, 08/01/49		364,248
		Federal National Mortgage Association — 3.0%
	1,100,000	2.625%, 09/06/24		1,204,825
	335,313	3.500%, 07/01/49		352,520
				1,557,345
		TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS		1,921,593

Principal Amount			Market Value
		U.S. GOVERNMENT OBLIGATIONS — 13.4%
		U.S. Treasury Bonds — 4.4%
$	450,000	2.500%, 02/15/45	$	555,372
	700,000	2.500%, 05/15/46		868,465
	400,000	2.250%, 08/15/46		474,586
	300,000	2.750%, 08/15/47		392,104
				2,290,527
		U.S. Treasury Notes — 9.0%
	600,000	1.500%, 01/15/23		620,203
	500,000	2.000%, 02/15/25		540,010
	500,000	0.625%, 03/31/27		505,137
	500,000	2.250%, 08/15/27		561,689
	675,000	2.250%, 11/15/27		760,364
	450,000	2.750%, 02/15/28		525,023
	545,000	2.625%, 02/15/29		638,746
	475,000	2.375%, 05/15/29		548,282
				4,699,454
		TOTAL U.S. GOVERNMENT OBLIGATIONS		6,989,981
Shares
		SHORT TERM INVESTMENT — 2.8%
		Other Investment Companies — 2.8%
	1,458,192	Dreyfus Treasury Securities Cash Management, 0.080%*		1,458,192
		TOTAL INVESTMENTS — 100.0% (Cost $49,138,865)	$	52,256,144

* 1 day yield as of June 30, 2020.

† Non-income producing security.

MTN Medium Term Note

REIT Real Estate Investment Trust

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