Teton Westwood Balanced Fund Class I (WBBIX)

Overview

The described fund is designed for investors seeking equity-like returns without the volatility typically associated with equity markets. By employing a top-down investment strategy, the fund maintains a balanced approach, dynamically allocating its assets between equity and debt securities. This investment strategy aims to provide a more stable investment experience, diversifying across various asset classes to mitigate risk while targeting favorable returns. The fund’s flexibility in adjusting its equity and debt composition between 30% to 70% allows it to adapt to changing market conditions, ensuring it is positioned to capture growth opportunities while managing exposure to risk. Additionally, the inclusion of foreign equity securities and investment vehicles such as EDRs or ADRs signifies the fund’s global investment perspective, further diversifying its portfolio and potential sources of return.

Products and Services

• Equity Securities Investments

This component of the fund focuses on investing in a range of equity securities. The fund allocates 30% to 70% of its assets towards equities, seeking to capitalize on the growth potential of the stock market. By targeting equity investments, the fund aims to achieve higher returns, comparable to those of equity markets, but with managed volatility through strategic diversification and allocation.

• Debt Securities Investments

Complementing its equity investments, the fund invests 70% to 30% of its assets in debt securities. This strategy is designed to balance the fund’s risk-return profile, offering investors steadier income streams and reduced portfolio volatility. Debt investments serve as a cornerstone of the fund’s approach to achieving equity-like returns with less risk, ensuring a stable foundation for the fund’s overall performance.

• Money Market and Cash Equivalents

A portion of the fund’s assets is held in cash or cash equivalents, enhancing the fund’s liquidity and providing a buffer against market volatility. This allocation allows for operational flexibility, enabling the fund to swiftly respond to investment opportunities or rebalance its portfolio in alignment with its strategic objectives and market outlook.

• Foreign Equity Securities and EDRs/ADRs Investments

Up to 25% of the fund’s total assets may be invested in foreign equity securities, including EDRs (European Depositary Receipts) and ADRs (American Depositary Receipts). This diversification strategy allows the fund to tap into the growth potential of international markets, spreading its investment risk across different geographic regions and economic environments. Investing in foreign securities and depositary receipts broadens the fund’s exposure and opportunity set, contributing to its aim of delivering equity-like returns with reduced volatility.