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The TETON Westwood Equity Fund seeks to provide capital appreciation. The Fund's secondary goal is to produce current income.
Principal Investment Strategies:
In selecting securities, the Sub-Adviser maintains a list of securities which it believes have proven records and potential for above-average earnings growth. It considers purchasing a security on such list if the Sub-Adviser's forecast for growth rates and earning estimates exceeds Wall Street expectations, the issuer of the security has a positive earnings surprise or the Adviser's forecasted price/earnings ratio is less than the forecasted growth rate. The Sub-Adviser closely monitors the issuers and will sell a stock if the Sub-Adviser expects limited future price appreciation, the projected price/earnings ratio exceeds the three-year growth rate and/or the price of the stocks declines 15% in the first 45 days held. The Fund's risk characteristics, such as beta (a measure of volatility), are generally less than those of the S&P 500 Composite Stock Price Index (the "S&P 500 Index"), the Fund's benchmark.
The Fund may appeal to you if:
You may not want to invest in the Fund if:
The fund typically invests in 40-60 companies. By concentrating in a small number of investments, the Fund's risks are increased because each investment has a greater effect in the Fund's performance than a Fund which is more broadly diversified.