TETON

Westwood

Balanced

Fund

Schedule

of

Investments—June

30,

2022

(Unaudited)

1

Shares

Market

Value

COMMON

STOCKS

 —

63.3%

Aerospace

 —

1.8%

3,325‌

L3Harris

Technologies

Inc.

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

$

803,652‌

Automotive:

Parts

and

Accessories

 —

1.4%

937‌

O'Reilly

Automotive

Inc.†

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

591,959‌

Banking

 —

2.4%

21,838‌

Bank

of

America

Corp.

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

679,817‌

5,469‌

Western

Alliance

Bancorp

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

386,111‌

1,065,928‌

Business

Services

 —

1.3%

2,812‌

Visa

Inc.,

Cl. A

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

553,655‌

Computer

Software

and

Services

 —

7.8%

1,568‌

Accenture

plc,

Cl. A

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

435,355‌

283‌

Alphabet

Inc.,

Cl. A†

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

616,731‌

2,142‌

CACI

International

Inc.,

Cl. A†

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

603,573‌

3,379‌

Cadence

Design

Systems

Inc.†

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

506,951‌

2,203‌

Meta

Platforms

Inc.,

Cl. A†

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

355,234‌

3,557‌

Microsoft

Corp.

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

913,544‌

3,431,388‌

Consumer

Services

 —

1.4%

5,880‌

Amazon.com

Inc.†

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

624,515‌

Diversified

Industrial

 —

3.2%

5,533‌

Eaton

Corp.

plc

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

697,103‌

1,646‌

Honeywell

International

Inc.

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

286,091‌

15,511‌

Huntsman

Corp.

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

439,737‌

1,422,931‌

Electronics

 —

2.4%

10,307‌

Microchip

Technology

Inc.

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

598,631‌

1,130‌

Monolithic

Power

Systems

Inc.

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

433,965‌

1,032,596‌

Energy

and

Energy

Services

 —

1.8%

2,727‌

EOG

Resources

Inc.

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

301,170‌

4,383‌

Valero

Energy

Corp.

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

465,825‌

766,995‌

Energy:

Integrated

 —

2.6%

2,637‌

DTE

Energy

Co.

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

334,240‌

3,805‌

NextEra

Energy

Inc.

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

294,735‌

5,125‌

WEC

Energy

Group

Inc.

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

515,780‌

1,144,755‌

Energy:

Oil

 —

1.9%

2,357‌

Chevron

Corp.

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

341,246‌

3,243‌

ConocoPhillips

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

291,254‌

3,948‌

Devon

Energy

Corp.

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

217,574‌

850,074‌

Equipment

and

Supplies

 —

1.7%

7,288‌

Amphenol

Corp.,

Cl. A

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

469,202‌

1,095‌

Danaher

Corp.

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

277,604‌

746,806‌

Financial

Services

 —

8.1%

6,056‌

American

International

Group

Inc.

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

309,643‌

1,969‌

Berkshire

Hathaway

Inc.,

Cl. B†

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

537,576‌

4,750‌

Blackstone

Inc.

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

433,343‌

7,006‌

The

Charles

Schwab

Corp.

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

442,639‌

2,446‌

The

Goldman

Sachs

Group

Inc.

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

726,511‌

3,041‌

The

PNC

Financial

Services

Group

Inc.

...........

479,779‌

Shares

Market

Value

5,519‌

The

Progressive

Corp.

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

$

641,694‌

3,571,185‌

Food

and

Beverage

 —

2.0%

6,509‌

McCormick

&

Co.

Inc.,

Non-Voting

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

541,874‌

1,999‌

PepsiCo

Inc.

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

333,154‌

875,028‌

Health

Care

 —

8.7%

3,023‌

Becton,

Dickinson

and

Co.

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

745,260‌

8,598‌

Gilead

Sciences

Inc.

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

531,443‌

5,875‌

Johnson

&

Johnson

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

1,042,871‌

941‌

McKesson

Corp.

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

306,964‌

2,332‌

UnitedHealth

Group

Inc.

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

1,197,785‌

3,824,323‌

Real

Estate

 —

2.8%

3,144‌

Alexandria

Real

Estate

Equities

Inc.,

REIT

......

455,974‌

2,018‌

Prologis

Inc.,

REIT

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

237,418‌

17,222‌

VICI

Properties

Inc.,

REIT

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

513,043‌

1,206,435‌

Retail

 —

5.0%

6,378‌

CVS

Health

Corp.

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

590,986‌

2,752‌

Dollar

General

Corp.

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

675,451‌

1,568‌

The

Home

Depot

Inc.

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

430,055‌

4,254‌

Walmart

Inc.

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

517,201‌

2,213,693‌

Semiconductors

 —

1.8%

1,912‌

NVIDIA

Corp.

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

289,840‌

5,566‌

Teradyne

Inc.

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

498,435‌

788,275‌

Telecommunications

 —

3.6%

34,353‌

AT&T

Inc.

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

720,039‌

6,328‌

T-Mobile

US

Inc.†

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

851,369‌

1,571,408‌

Transportation

 —

1.6%

3,264‌

Union

Pacific

Corp.

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

696,146‌

TOTAL

COMMON

STOCKS

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

27,781,747‌

MANDATORY

CONVERTIBLE

SECURITIES

(a) —

1.2%

Health

Care

 —

1.2%

5,090‌

Boston

Scientific

Corp.,

Ser.

A,

5.500%,

06/01/23

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

516,330‌

Principal

Amount

CORPORATE

BONDS

 —

26.8%

Aerospace

 —

0.6%

$

255,000‌

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust,

4.450%,

10/01/25

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

247,019‌

Banking

 —

3.0%

750,000‌

Fifth

Third

Bancorp,

2.375%,

01/28/25

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

719,491‌

600,000‌

The

Goldman

Sachs

Group

Inc.,

MTN,

3.850%,

07/08/24

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

602,280‌

1,321,771‌

TETON

Westwood

Balanced

Fund

Schedule

of

Investments

(Continued)—June

30,

2022

(Unaudited)

2

Principal

Amount

Market

Value

CORPORATE

BONDS

(Continued)

Computer

Software

and

Services

 —

0.6%

$

289,000‌

HP

Inc.,

5.500%,

01/15/33

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

$

283,002‌

Diversified

Industrial

 —

1.5%

510,000‌

Cabot

Corp.,

4.000%,

07/01/29

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

480,215‌

191,000‌

Jabil

Inc.,

1.700%,

04/15/26

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

171,484‌

651,699‌

Energy

and

Energy

Services

 —

1.1%

235,000‌

Energy

Transfer

LP,

6.250%,

04/15/49

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

229,502‌

260,000‌

Plains

All

American

Pipeline

LP

/

PAA

Finance

Corp.,

3.800%,

09/15/30

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

230,648‌

460,150‌

Energy:

Oil

 —

1.9%

55,000‌

Diamondback

Energy

Inc.,

3.125%,

03/24/31

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

48,074‌

275,000‌

MPLX

LP,

2.650%,

08/15/30

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

230,394‌

395,000‌

Petroleos

Mexicanos,

6.700%,

02/16/32

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

302,017‌

259,000‌

Piedmont

Natural

Gas

Co.

Inc.,

5.050%,

05/15/52

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

255,597‌

836,082‌

Financial

Services

 —

6.0%

138,000‌

American

Honda

Finance

Corp.,

MTN,

1.000%,

09/10/25

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

126,102‌

500,000‌

Bank

of

America

Corp.,

(U.S.

Secured

Overnight

Financing

Rate

+

1.21%),

2.572%,

10/20/32(b)

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

414,089‌

500,000‌

Bank

of

Montreal,

MTN,

2.650%,

03/08/27

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

464,195‌

140,000‌

Berkshire

Hathaway

Finance

Corp.,

2.850%,

10/15/50

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

101,724‌

600,000‌

Capital

One

Financial

Corp.,

3.750%,

04/24/24

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

598,518‌

500,000‌

Citigroup

Inc.,

(U.S.

Secured

Overnight

Financing

Rate

+

1.28%),

3.070%,

02/24/28(b)

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

464,469‌

405,000‌

Owl

Rock

Capital

Corp.,

3.400%,

07/15/26

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

356,665‌

118,000‌

Schlumberger

Finance

Canada

Ltd.,

1.400%,

09/17/25

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

109,669‌

2,635,431‌

Food

and

Beverage

 —

0.7%

380,000‌

The

J.M.

Smucker

Co.,

3.550%,

03/15/50

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

289,021‌

Health

Care

 —

2.9%

600,000‌

Aetna

Inc.,

3.500%,

11/15/24

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

593,910‌

750,000‌

Amgen

Inc.,

2.200%,

02/21/27

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

691,224‌

1,285,134‌

Principal

Amount

Market

Value

Hotels

and

Gaming

 —

0.5%

$

235,000‌

Marriott

International

Inc.,

4.625%,

06/15/30

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

$

226,047‌

Real

Estate

 —

1.7%

400,000‌

Boston

Properties

LP,

2.450%,

10/01/33

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

308,766‌

150,000‌

Brixmor

Operating

Partnership

LP,

2.250%,

04/01/28

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

129,037‌

265,000‌

Realty

Income

Corp.,

2.850%,

12/15/32

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

228,815‌

113,000‌

Vornado

Realty

LP,

3.400%,

06/01/31

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

95,082‌

761,700‌

Retail

 —

2.3%

151,000‌

7-Eleven

Inc.,

0.950%,

02/10/26(c)

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

133,618‌

200,000‌

AutoZone

Inc.,

1.650%,

01/15/31

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

157,458‌

800,000‌

CVS

Health

Corp.,

3.250%,

08/15/29

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

732,660‌

1,023,736‌

Semiconductors

 —

1.1%

235,000‌

Broadcom

Inc.,

4.150%,

11/15/30

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

216,077‌

275,000‌

NXP

BV

/

NXP

Funding

LLC

/

NXP

USA

Inc.,

5.000%,

01/15/33

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

269,687‌

485,764‌

Telecommunications

 —

0.9%

270,000‌

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

Corp.,

3.700%,

04/01/51

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

184,356‌

245,000‌

Rogers

Communications

Inc.,

4.550%,

03/15/52(c)

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

217,662‌

402,018‌

Transportation

 —

2.0%

875,000‌

AP

Moller

-

Maersk

A/S,

4.500%,

06/20/29(c)

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

854,096‌

TOTAL

CORPORATE

BONDS

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

11,762,670‌

CONVERTIBLE

CORPORATE

BONDS

 —

1.2%

Computer

Software

and

Services

 —

0.7%

350,000‌

Splunk

Inc.,

1.125%,

06/15/27

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

290,500‌

Health

Care

 —

0.5%

325,000‌

Exact

Sciences

Corp.,

0.375%,

03/15/27

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

238,469‌

TOTAL

CONVERTIBLE

CORPORATE

BONDS

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

528,969‌

U.S.

GOVERNMENT

OBLIGATIONS

 —

7.5%

U.S.

Treasury

Bonds

—

3.5%

450,000‌

2.500%,

02/15/45

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

384,539‌

700,000‌

2.500%,

05/15/46

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

598,226‌

350,000‌

2.250%,

08/15/46

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

284,621‌

TETON

Westwood

Balanced

Fund

Schedule

of

Investments

(Continued)—June

30,

2022

(Unaudited)

3

__________

Principal

Amount

Market

Value

U.S.

GOVERNMENT

OBLIGATIONS

(Continued)

$

350,000‌

1.875%,

02/15/51

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

$

264,975‌

1,532,361‌

U.S.

Treasury

Notes

—

4.0%

900,000‌

0.750%,

05/31/26

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

824,625‌

125,000‌

1.250%,

12/31/26

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

115,720‌

350,000‌

3.250%,

06/30/27

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

353,992‌

330,000‌

2.250%,

11/15/27

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

316,968‌

159,000‌

2.625%,

02/15/29

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

155,137‌

1,766,442‌

TOTAL

U.S.

GOVERNMENT

OBLIGATIONS

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

3,298,803‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$43,832,683)

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

$

43,888,519‌

†

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.

(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

June

30,

2022.

(c)

Securities

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.

MTN

Medium

Term

Note

REIT

Real

Estate

Investment

Trust