TETON Westwood Mighty Mites Fund Class C (WMMCX)

Overview

The fund is designed for investors seeking exposure to the potential growth of smaller companies. It capitalizes on micro-cap companies that are believed to be undervalued compared to their private market value. This private market value represents the price that knowledgeable investors might be willing to pay to acquire a company outright. The fund's investment approach demonstrates a strategic emphasis on identifying such undervalued opportunities, operating under the hypothesis that these companies offer a promising investment return potential. By including foreign securities and depositary receipts within its portfolio, the fund also aims to diversify its investment exposure internationally, potentially mitigating risk and capturing growth in various markets.

Products and Services

• Micro-Cap Equity Investments

This service focuses on investing in micro-cap companies, defined as those with a market capitalization of $500 million or less at the time of investment. The aim is to identify companies that are undervalued relative to their private market value, which is estimated by the fund's sub-adviser as the price informed investors would be willing to pay to acquire the company.

• International Securities Investment

To broaden investment horizons and diversify risk, the fund may allocate up to 25% of its total assets in foreign securities. This includes investments in international markets through European Depositary Receipts (EDRs) and American Depositary Receipts (ADRs). These instruments enable the fund to hold shares in foreign companies, providing investors with a convenient and cost-effective way to gain exposure to international markets.