OUR FIRM > INVESTMENT PRODUCTS > TETON CONVERTIBLE SECURITIES FUND

TETON CONVERTIBLE SECURITIES FUND

Fund Characteristics

  • The TETON Convertible Securities Fund seeks both capital appreciation and current income.

  • The Fund invests at least 80% of its net assets in convertible securities. Convertible securities are bonds, mandatory convertibles or convertible preferred stock that may be converted into common stock. The Fund may invest up to 20% of its net assets in common stocks, non-convertible preferred stocks, and non-convertible fixed-income securities.

  • The Fund may invest in securities of any market capitalization or credit quality and may invest in securities of smaller companies. The Fund may also invest in non-convertible debt securities rated below investment grade and securities issued by the U.S. government and its agencies and instrumentalities.

Investment Strategy

  • By investing in convertible securities, the Fund seeks to deliver an attractive asymmetric return - that is to participate in more of the underlying's stock's upside than its downside with less volatility

  • In buying and selling securities for the Fund, the managers rely on both fundamental equity analysis of the underlying common stock and fundamental credit analysis of the company's financial ability to repay its obligation

  • Additionally, the portfolio managers evaluate structural nuances of each convertible security, such as yield, premium, delta, call protection & rights, and covenants, to determine its total return potential

Portfolio Management

Thomas Dinsmore, CFA
Portfolio Manager

  • M.A. Economics Fairleigh Dickinson

  • B.S. Pennsylvania

  • 24 Years Convertible Portfolio Management

Jane O'Keeffe
Portfolio Manager

  • B.A. New Hampshire

  • 23 Years Convertible Portfolio Management

James Dinsmore, CFA
Portfolio Manager

  • M.B.A. Rutgers

  • B.A. Cornell

  • 6 Years Convertible Portfolio Management

The Fund's share price will fluctuate with changes in the market value of the Fund's portfolio securities. Convertible securities and common stock are subject to market, economic and business risks that cause their prices to fluctuate. Fixed income is subject to interest rate and credit risk. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.

Investors should consider the investment objectives, risks, sales charges and expense of the fund carefully before investing. The prospectus contains more complete information about this and other matters. The prospectus should be read carefully before investing. You can obtain a free prospectus by calling Teton Advisors, Inc. at 1-800-WESTWOOD (1-800-937-8966), or contacting your financial representative or by visiting http://www.tetonadv.com.

Distributed by G.distributors, LLC