Teton Convertible Securities Fund Class C (WEICX)

Overview

The company is focused on investing primarily in convertible securities and uses derivatives and other financial instruments to mimic the economic characteristics of these securities. With the flexibility to invest in companies of any size and credit quality, it offers a diversified approach to portfolio management. The fund's strategy allows for investment across a broad market spectrum, including significant allocations to smaller companies, underlining its adaptable investment approach. Additionally, a portion of the fund is dedicated to investments outside of convertible securities, providing further diversification.

Products and Services

• Convertible Securities

  Investments in convertible securities form the core of the fund's portfolio, with at least 80% of net assets allocated to these instruments. Convertible securities are unique financial instruments that can be converted into a predetermined number of the issuer's equity shares, combining the features of both debt and equity investments. This allows the fund to participate in the equity upside of issuing companies while also providing potential income through interest or dividends.

• Derivatives with Economic Characteristics Similar to Convertible Securities

  The fund utilizes derivatives and other financial instruments that have economic characteristics similar to convertible securities. This includes options, futures, and swaps which are used tactically to enhance portfolio returns, manage risk, and gain exposure to desired asset classes without directly investing in them. This approach allows for increased flexibility and efficiency in portfolio management.

• Investments in Companies of Any Market Capitalization

  The fund is not restricted by the market capitalization of the companies in which it invests, offering the flexibility to invest in large, mid, and small-cap companies. This approach allows for a wider selection of investment opportunities and the potential to capture growth across the spectrum of company sizes, from the stability of large caps to the growth potential of smaller companies.

• Investments in Securities of Smaller Companies

  A significant portion of the fund's assets may be invested in securities of smaller companies. This can offer higher growth potential, albeit with higher volatility and risk. Investing in smaller companies can provide access to emerging trends and innovative sectors before they become mainstream, offering the potential for significant returns.

• Non-Convertible Preferred Stocks and Fixed Income Securities

  Up to 20% of the fund's net assets may be invested in non-convertible preferred stocks and fixed-income securities. Preferred stocks can provide a steady income stream through dividends, while fixed income securities, such as bonds, offer regular interest payments and principal repayment at maturity. These investments can add stability and income to the portfolio, balancing the riskier convertible securities and equities.

• Common Stocks Investments

  The fund may allocate a portion of its assets to direct investments in common stocks. This allows the fund to benefit directly from the growth of the companies it invests in, participating in the equity markets' potential for high returns. However, this comes with increased volatility and exposure to market fluctuations.