TETON Westood Mid-Cap Equity Fund Class AAA
Fund Overview for TW Mid-Cap Equity Fund AAA
The TETON Westwood Mid-Cap Equity Fund seeks to provide long-term growth of capital and future income.
Principal Investment Strategies:
The Fund seeks to achieve its investment objectives by investing at least 80% of its net assets, under normal market circumstances, in equity securities of mid-cap companies, such as common and preferred stocks.
The Fund invests primarily in mid-cap companies that the portfolio managers believe are undervalued by the market and have above average growth potential. The Fund defines mid-cap companies as those whose market capitalization falls within the range of $1 billion to $20 billion. The portfolio managers will not sell a stock merely because the market capitalization of a company in the portfolio moves outside of its capitalization range. Stock selection is key to the performance of the Fund.
The portfolio managers seek to identify companies with characteristics such as:
- Above-average revenue and earnings growth potential
- Attractive products or services
- Financial strength (favorable debt ratios and other financial characteristics)
- Strong competitive positions within their industries
- High quality management focused on generating shareholder value
- Reasonable valuation
The portfolio managers may consider selling a security when one of these characteristics no longer applies, or when valuation becomes excessive and more attractive alternatives are identified.
The portofolio managers also seek to identify undervalued companies where a catalyst exists to recognize value or improve a company's profitability. Examples of these catalysts are:
- New management
- Industry consolidation
- Change in the company's fundamentals
The Fund may appeal to you if:
- you are a long-term investor
- you seek growth of capital
- you seek investments in mid-cap stocks as part of your overall investment strategy
TETON Westwood Mid-Cap Equity Fund
Mid-Cap Company Risk is the risk that investing in securities of mid-cap companies could entail greater risks than investments in larger, more established companies. Mid-cap companies tend to have more narrow product lines, more limited financial resources and a more limited trading market for their stocks, as compared with larger companies. As a result, their stock prices may decline more significantly or more rapidly than stocks of larger companies as market conditions change.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
The Gabelli Mutual Funds are distributed by G.distributors, LLC., a registered broker-dealer and member of FINRA.