TETON

Westwood

Balanced

Fund

Schedule

of

Investments—June

30,

2023

(Unaudited)

1

ap

Shares

Market

Value

COMMON

STOCKS

 —

63.1%

Air

Freight

and

Logistics

 —

1.3%

1,968‌

FedEx

Corp.

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

$

487,867‌

Automotive:

Parts

and

Accessories

 —

0.7%

285‌

O'Reilly

Automotive

Inc.†

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

272,261‌

Banking

 —

1.5%

20,263‌

Bank

of

America

Corp.

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

581,345‌

Business

Services

 —

1.7%

2,745‌

Visa

Inc.,

Cl. A

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

651,883‌

Commercial

Services

and

Supplies

 —

0.6%

1,343‌

Waste

Management

Inc.

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

232,903‌

Computer

Hardware

 —

1.5%

3,057‌

Apple

Inc.

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

592,966‌

Computer

Software

and

Services

 —

6.7%

1,534‌

Accenture

plc,

Cl. A

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

473,362‌

3,889‌

Alphabet

Inc.,

Cl. A†

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

465,513‌

1,955‌

CACI

International

Inc.,

Cl. A†

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

666,342‌

1,171‌

Cadence

Design

Systems

Inc.†

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

274,623‌

2,125‌

Microsoft

Corp.

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

723,648‌

2,603,488‌

Consumer

Products

 —

2.6%

6,172‌

Church

&

Dwight

Co.

Inc.

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

618,620‌

1,904‌

The

Estee

Lauder

Companies

Inc.,

Cl. A

..........

373,907‌

992,527‌

Consumer

Services

 —

1.0%

2,959‌

Amazon.com

Inc.†

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

385,735‌

Diversified

Industrial

 —

3.0%

2,669‌

Eaton

Corp.

plc

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

536,736‌

2,974‌

Honeywell

International

Inc.

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

617,105‌

1,153,841‌

Electronics

 —

1.9%

5,827‌

Microchip

Technology

Inc.

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

522,041‌

363‌

Monolithic

Power

Systems

Inc.

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

196,103‌

718,144‌

Energy

and

Energy

Services

 —

0.8%

2,663‌

EOG

Resources

Inc.

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

304,754‌

Energy:

Integrated

 —

2.6%

2,574‌

DTE

Energy

Co.

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

283,192‌

3,715‌

NextEra

Energy

Inc.

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

275,653‌

5,017‌

WEC

Energy

Group

Inc.

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

442,700‌

1,001,545‌

Energy:

Oil

 —

3.1%

3,143‌

Chevron

Corp.

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

494,551‌

2,603‌

ConocoPhillips

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

269,697‌

4,003‌

Exxon

Mobil

Corp.

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

429,322‌

1,193,570‌

Equipment

and

Supplies

 —

1.7%

2,373‌

Amphenol

Corp.,

Cl. A

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

201,586‌

1,874‌

Danaher

Corp.

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

449,760‌

651,346‌

Financial

Services

 —

8.8%

11,144‌

American

International

Group

Inc.

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

641,226‌

Shares

Market

Value

2,089‌

Arthur

J.

Gallagher

&

Co.

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

$

458,682‌

1,475‌

Berkshire

Hathaway

Inc.,

Cl. B†

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

502,975‌

3,262‌

JPMorgan

Chase

&

Co.

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

474,425‌

1,294‌

The

Goldman

Sachs

Group

Inc.

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

417,367‌

3,318‌

The

Progressive

Corp.

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

439,204‌

11,195‌

Wells

Fargo

&

Co.

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

477,802‌

3,411,681‌

Food

and

Beverage

 —

1.6%

2,716‌

McCormick

&

Co.

Inc.,

Non-Voting

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

236,917‌

1,952‌

PepsiCo

Inc.

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

361,549‌

598,466‌

Health

Care

 —

8.6%

4,189‌

Abbott

Laboratories

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

456,685‌

2,648‌

Becton

Dickinson

&

Co.

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

699,098‌

6,029‌

Gilead

Sciences

Inc.

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

464,655‌

989‌

HCA

Healthcare

Inc.

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

300,142‌

4,790‌

Johnson

&

Johnson

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

792,841‌

1,221‌

UnitedHealth

Group

Inc.

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

586,861‌

3,300,282‌

Real

Estate

 —

4.3%

3,288‌

Prologis

Inc.,

REIT

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

403,207‌

1,515‌

Public

Storage,

REIT

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

442,198‌

7,400‌

Ventas

Inc.,

REIT

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

349,798‌

15,036‌

VICI

Properties

Inc.,

REIT

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

472,582‌

1,667,785‌

Retail

 —

5.2%

2,183‌

Dollar

General

Corp.

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

370,630‌

1,452‌

Domino's

Pizza

Inc.

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

489,309‌

1,532‌

The

Home

Depot

Inc.

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

475,901‌

4,222‌

Walmart

Inc.

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

663,614‌

1,999,454‌

Semiconductors

 —

0.7%

643‌

NVIDIA

Corp.

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

272,002‌

Telecommunications

 —

2.3%

21,539‌

AT&T

Inc.

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

343,547‌

1,868‌

Motorola

Solutions

Inc.

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

547,847‌

891,394‌

Transportation

 —

0.9%

1,747‌

Union

Pacific

Corp.

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

357,471‌

TOTAL

COMMON

STOCKS

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

24,322,710‌

Principal

Amount

CORPORATE

BONDS

 —

29.4%

Aerospace

 —

0.6%

$

255,000‌

AerCap

Ireland

Capital

DAC

/

AerCap

Global

Aviation

Trust,

4.450%,

10/01/25

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

245,398‌

Banking

 —

1.8%

750,000‌

Fifth

Third

Bancorp,

2.375%,

01/28/25

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

702,158‌

Computer

Hardware

 —

0.8%

295,000‌

Dell

International

LLC

/

EMC

Corp.,

5.750%,

02/01/33

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

297,792‌

TETON

Westwood

Balanced

Fund

Schedule

of

Investments

(Continued)—June

30,

2023

(Unaudited)

2

Principal

Amount

Market

Value

CORPORATE

BONDS

(Continued)

Computer

Software

and

Services

 —

1.1%

Oracle

Corp.

$

240,000‌

6.250%,

11/09/32

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

$

254,784‌

135,000‌

6.900%,

11/09/52

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

151,087‌

405,871‌

Consumer

Products

 —

0.5%

200,000‌

G-III

Apparel

Group

Ltd.,

7.875%,

08/15/25

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

193,700‌

Diversified

Industrial

 —

1.7%

510,000‌

Cabot

Corp.,

4.000%,

07/01/29

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

470,400‌

191,000‌

Jabil

Inc.,

1.700%,

04/15/26

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

170,930‌

641,330‌

Energy

and

Energy

Services

 —

1.9%

Energy

Transfer

LP

330,000‌

7.125%,

(a)

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

280,639‌

235,000‌

6.250%,

04/15/49

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

229,196‌

260,000‌

Plains

All

American

Pipeline

LP

/

PAA

Finance

Corp.,

3.800%,

09/15/30

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

230,797‌

740,632‌

Energy:

Oil

 —

2.3%

10,000‌

Civitas

Resources

Inc.,

8.375%,

07/01/28

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

10,115‌

95,000‌

Diamondback

Energy

Inc.,

6.250%,

03/15/33

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

98,279‌

275,000‌

MPLX

LP,

2.650%,

08/15/30

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

230,113‌

395,000‌

Petroleos

Mexicanos,

6.700%,

02/16/32

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

300,736‌

259,000‌

Piedmont

Natural

Gas

Co.

Inc.,

5.050%,

05/15/52

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

233,530‌

872,773‌

Financial

Services

 —

6.6%

210,000‌

Ally

Financial

Inc.,

(U.S.

Secured

Overnight

Financing

Rate

+

3.26%),

6.992%,

06/13/29(a)

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

207,525‌

138,000‌

American

Honda

Finance

Corp.,

MTN,

1.000%,

09/10/25

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

125,926‌

500,000‌

Bank

of

America

Corp.,

(U.S.

Secured

Overnight

Financing

Rate

+

1.21%),

2.572%,

10/20/32(a)

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

407,021‌

500,000‌

Bank

of

Montreal,

MTN,

2.650%,

03/08/27

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

457,835‌

500,000‌

Citigroup

Inc.,

(U.S.

Secured

Overnight

Financing

Rate

+

1.28%),

3.070%,

02/24/28(a)

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

459,990‌

370,000‌

HSBC

Holdings

plc,

(U.S.

Secured

Overnight

Financing

Rate

+

3.03%),

7.336%,

11/03/26(a)

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

380,893‌

175,000‌

Lincoln

National

Corp.,

3.400%,

03/01/32

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

140,986‌

405,000‌

Owl

Rock

Capital

Corp.,

3.400%,

07/15/26

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

358,912‌

2,539,088‌

Principal

Amount

Market

Value

Food

and

Beverage

 —

0.7%

$

380,000‌

The

J.M.

Smucker

Co.,

3.550%,

03/15/50

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

$

279,087‌

Health

Care

 —

2.0%

450,000‌

Aetna

Inc.,

3.500%,

11/15/24

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

436,104‌

375,000‌

Amgen

Inc.,

2.200%,

02/21/27

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

340,769‌

776,873‌

Real

Estate

 —

2.9%

150,000‌

Brixmor

Operating

Partnership

LP,

2.250%,

04/01/28

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

126,180‌

200,000‌

Iron

Mountain

Inc.,

5.000%,

07/15/28

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

185,475‌

355,000‌

Kimco

Realty

OP

LLC,

4.600%,

02/01/33

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

328,329‌

250,000‌

MPT

Operating

Partnership

LP

/

MPT

Finance

Corp.,

4.625%,

08/01/29

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

189,282‌

265,000‌

Realty

Income

Corp.,

2.850%,

12/15/32

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

215,832‌

113,000‌

Vornado

Realty

LP,

3.400%,

06/01/31

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

81,950‌

1,127,048‌

Retail

 —

2.6%

151,000‌

7-Eleven

Inc.,

0.950%,

02/10/26

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

134,928‌

200,000‌

AutoZone

Inc.,

1.650%,

01/15/31

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

156,116‌

800,000‌

CVS

Health

Corp.,

3.250%,

08/15/29

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

718,601‌

1,009,645‌

Semiconductors

 —

1.3%

235,000‌

Broadcom

Inc.,

4.150%,

11/15/30

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

216,216‌

275,000‌

NXP

BV

/

NXP

Funding

LLC

/

NXP

USA

Inc.,

5.000%,

01/15/33

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

264,055‌

480,271‌

Telecommunications

 —

0.4%

270,000‌

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

Corp.,

3.700%,

04/01/51

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

170,576‌

Transportation

 —

2.2%

875,000‌

AP

Moller

-

Maersk

A/S,

4.500%,

06/20/29

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

841,630‌

TOTAL

CORPORATE

BONDS

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

11,323,872‌

CONVERTIBLE

CORPORATE

BONDS

 —

1.7%

Computer

Software

and

Services

 —

0.8%

350,000‌

Splunk

Inc.,

1.125%,

06/15/27

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

303,625‌

TETON

Westwood

Balanced

Fund

Schedule

of

Investments

(Continued)—June

30,

2023

(Unaudited)

3

__________

Principal

Amount

Market

Value

CONVERTIBLE

CORPORATE

BONDS

(Continued)

Health

Care

 —

0.9%

$

325,000‌

Exact

Sciences

Corp.,

0.375%,

03/15/27

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

$

350,797‌

TOTAL

CONVERTIBLE

CORPORATE

BONDS

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

654,422‌

U.S.

GOVERNMENT

OBLIGATIONS

 —

5.2%

U.S.

Treasury

Bonds

—

4.8%

450,000‌

2.500%,

02/15/45

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

347,915‌

700,000‌

2.500%,

05/15/46

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

537,592‌

350,000‌

2.250%,

08/15/46

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

255,308‌

350,000‌

1.875%,

02/15/51

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

231,458‌

70,000‌

2.250%,

02/15/52

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

50,522‌

505,000‌

3.000%,

08/15/52

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

428,806‌

1,851,601‌

U.S.

Treasury

Notes

—

0.4%

165,000‌

4.125%,

11/15/32

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

168,532‌

168,532‌

TOTAL

U.S.

GOVERNMENT

OBLIGATIONS

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

2,020,133‌

Shares

SHORT

TERM

INVESTMENT

 —

0.6%

Other

Investment

Companies

 —

0.6%

238,945‌

Dreyfus

Treasury

Securities

Cash

Management,

4.960%*

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

238,945‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$37,292,467)

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

$

38,560,082‌

†

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,

2023.

*

1

day

yield

as

of

June

30,

2023.

MTN

Medium

Term

Note

REIT

Real

Estate

Investment

Trust